Pareto Law Notes: Definitions & Explanations PDF | Download eBooks

Study Pareto Law lecture notes PDF with total quality management definitions and explanation to study What is Pareto Law?. Study pareto law explanation with TQM terms to review total quality management course for online MBA programs.

Pareto Law Notes:

Pareto law is basically an economic law given by Vilfredo Pareto. This law was applied by Juran to address quality problems. The law is also called 80/20 rule. This law refers to the fact that majority of the problems are a result of a few reasons/causes. For example, a coffee shop gets a lot of complaints from customers regarding taste, waiting time in queue, late or wrong orders etc. When inspected it was discovered that one of the servers was slow and not trained properly. This shows that all the problems were caused by a single person. Here Pareto law can be applied which shows that majority of the problems were caused by a single cause.

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