The Pareto principle is a widely used concept in the economy and social sciences and has been developed by the Italian economist Vilfredo Pareto. The Pareto principle is used to understand the changes in the distribution of resources or in the welfare of a society.
According to the Pareto principle, the distribution or welfare level of resources in a society has a structure in which the richest 20 %has more than 80 %of the remaining 80 %. Therefore, the richest resources in the hands of 20 %may be more than 80 %, which can be seen in many social and economic cases.
The Pareto principle provides an explanation for the emergence of inequalities and is therefore criticized by some people. However, the Pareto principle is an important concept used in many studies in economics and social sciences.
https://egepazarindan.com/ekological-ayak-izi-nasil-hesaplanir-nasil-azaltililir/ How to perform Pareto Analysis? Pareto analysis is a method used to determine the contributions of different factors in a process. The following steps can be followed to perform Pareto Analysis:
Define your problem: Pareto analysis is used to address a particular problem or target. Clearly defining the problem is important for the analysis to be done correctly.
Data Collection: You should collect the data required for analysis. Collecting this data will help determine which factors affect the problem or target. You can use a questionnaire, observation or past data to collect data.
Classify the data: You can facilitate the analysis by classifying data. Group different factors and determine how important they are.
Draw the Pareto graph: Pareto graph is used to visualize the results of the analysis. The graph shows classified data as a percentage and helps to determine the most important factors. The Y axis, the percentage of factors and the X axis show the effect of factors.
Evaluate the results: Factors with the highest percentage in the Pareto chart constitute a large part of the problem or target. You can try to solve the problem or reach the goal by taking these factors.
Pareto analysis can be used in many different fields. For example, it can be used to improve product quality in an enterprise or can be used to increase the citizen satisfaction of a government.
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