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Essay

Tools & Techniques - Pareto Charts

Essay specific features

 

Issue:

Business

 

Written by:

Judith V

 

Date added:

May 2, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1446

 

Was viewed:

2758 times

 

Rating of current essay:

 
Essay content:

They are a form of vertical bar chart. Attributes are discussed. Suggestions on when to use a Pareto chart are made. Pareto analysis is one way to determine major causes of particular problems. A review is provided with suggestions for alternatives. The Pareto chart is a valuable decision making tool...
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Vilfredo Pareto was an Italian economist credited with establishing what is now widely known as the Pareto Principle. It is also known as the "80/20 Rule" (iSixSigma, 2006). When Pareto discovered the principle in 1906, he established that 80% of the land in Italy was owned by 20% of the population. Later, Pareto discovered his principle was valid in other parts of his life, such as gardening...
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General issues of this essay:
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