Beware: Pareto is Not About 80 and 20

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Koen DePryck, Professor, Belgium
Beware: Pareto is Not About 80 and 20
Don't focus too much on the numbers: the principle is about the imbalance, not about '80' and '20'. Other ratio's than 80/20 have been found and described... (...) Read more? Sign up for free

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  j.a. karman, ICT Consultant, Netherlands

Imbalance Others Than Pareto

Just a starter for this, measuring the imbalance. One of them is the Gini factor (same start for the topic income/wealth as Pareto)
10/90 gap, 1% culture Benfords law etc.
It goes with ROC (Relative Operating Characteristic). These are highly mathematical concepts.
The first question to answer: are these kind of mathematical concepts acceptable to discuss for a manager?
The easy of thumb-rules like Pareto are far more accepted although not necessarily correct for the situation.

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