ThePareto principle(also known as the80–20 rule, thelaw of the vital few,and theprinciple of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.[1][2]
Business-management consultantJoseph M. Juransuggested the principle and named it after Italian economistVilfredo Pareto, who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.[2]
So basically when the question asks who coined this term and both Juran and Pareto are available as answers then what shall we choose?
I saw one question yesterday which says correct answer is Pareto. And I remember another question in some other mock test where correct answer was Juran.
MichelleNagel
Wed, 08/22/2012 - 10:37
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may, june) - it took me
may, june) - it took me
sspawar
Wed, 08/22/2012 - 18:02
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From WIKIPEDIAThe Pareto
From WIKIPEDIA
The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.[1][2]
Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.[2]
aliweb
Thu, 08/23/2012 - 04:11
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So basically when the
So basically when the question asks who coined this term and both Juran and Pareto are available as answers then what shall we choose?
I saw one question yesterday which says correct answer is Pareto. And I remember another question in some other mock test where correct answer was Juran.