pareto

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pareto

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pareto efficiency
Pareto verimliliği
English - English
{i} family name; Vilfredo Pareto (1848-1923), Italian sociologist and economist in Switzerland
Italian sociologist and economist whose theories influenced the development of fascism in Italy (1848-1923)

Related Terms

Pareto distribution
A probability distribution such that for a random variable X with that distribution holds that the probability that X is greater than some number x is given by\Pr(X>x)=\left(\frac{x}{x_\mathrm{m}}\right)^{-k}for all x ≥ xm, where xm is the (necessarily positive) minimum possible value of X, and k is a positive parameter
Pareto efficient
Describing a situation in which the profit of one party cannot be increased without reducing the profit of another
Pareto improvement
A change in the allocation of a resource to a set of individuals that is an improvement for at least one and no worse for any other
Pareto improvements
plural form of Pareto improvement
Pareto optimal
Describing a situation in which the profit of one party cannot be increased without reducing the profit of another
Pareto optimal
Describing a strategy that cannot be made to perform better against one opposing strategy without performing less well against another
Pareto principle
the principle that describes the phenomenon wherein a small percentage of a population accounts for a large proportion of a particular characteristic of that population e.g. that a small proportion of users account for a large proportion of the edits to a Wiki
Pareto-efficient
Alternative spelling of Pareto efficient
Pareto-improvement
Alternative spelling of Pareto improvement
Pareto-optimal
Alternative spelling of Pareto optimal
pareto efficiency
(Ekonomi) Pareto efficiency, or Pareto optimality, is an important notion in economics with broad applications in game theory, engineering and the social sciences. The term is named after Vilfredo Pareto, an Italian economist who used the concept in his studies of economic efficiency and income distribution
pareto optimality
(Ekonomi) Pareto efficiency, or Pareto optimality, is an important notion in economics with broad applications in game theory, engineering and the social sciences. The term is named after Vilfredo Pareto, an Italian economist who used the concept in his studies of economic efficiency and income distribution
Pareto Optimum
economic condition of maximum abundance
Pareto principle
{i} economic principle stating that an economic policy is desirable if it suits part of the population and does no harm to the rest, the 80-20 rule, principle that states that for many events or circumstances 80% of the results or consequences originate from 20% of the causes
Pareto's law
(Ticaret) The law developed by an Italian economist in the 1800s based on the principle that the vast majority of an end result (wealth, cost, quality problems, etc.) is determined by a small percentage of a group (the number of people, items, etc.) Often stated as the 80/20 rule, it is used in inventory counting and quality systems to concentrate attention on the small (20%) number of sources that account for 80% of inventory value or quality issues
Vilfredo Pareto
born July 15, 1848, Paris, France died Aug. 19, 1923, Geneva, Switz. Italian economist and sociologist. Educated at the University of Turin, he worked as an engineer and later served as a director of a large Italian railway. He taught at the University of Lausanne from 1893. His law of income distribution used a complex mathematical formula to trace historical patterns in the distribution of wealth. In 1906 he laid the foundation of modern welfare economics with his Pareto Optimum, which stated that a society's resources are not optimally allocated as long as it is possible to make at least one person better off while keeping others as well off as before
Vilfredo Pareto
{i} (1848-1923) Italian sociologist and economist in Switzerland
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