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Topic: Pareto principle index
Replies: 1   Last Post: Apr 27, 2013 4:24 PM

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avi

Posts: 18
Registered: 3/25/09
Pareto principle index
Posted: Apr 25, 2013 6:15 PM
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The pareto principle states that about 20% of the possible causes account for about 80% of the occurrences (for example, 20% of the possible defect are responsible to 80% of the total defective units)

I wonder if there is some general calculated index to indicate the extent to which the principle holds for a certain empirical distribution, regardless the field in question

With such an index , I will be able for example to compare many sub populations regarding the extent to which they follow the pareto principle

I'm aware of the GINI index in economics, but looks for a more universal method

Thanks
Avi




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