The 80/20 Principle: to use or not to use
The phenomenon of discovery and usage of Pareto principle phenomenon is considered. Areas of application of this principle (time-management, ABC-analysis, assortment organizing, Pareto-analysis of optimality) is described. Examples of manifestation of Pareto principle (20% of output, clients or empl...
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| Format: | Article |
| Language: | English |
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Peoples’ Friendship University of Russia (RUDN University)
2010-03-01
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| Series: | RUDN Journal of Economics |
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| Online Access: | http://journals.rudn.ru/economics/article/view/12257 |