pareto's law

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(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
pareto's law
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