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The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. Management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who noted the 80/20 connection while at the University of Lausanne in 1896, as published in his first work, Cours d'économie politique. Essentially, Pareto showed that approximately 80% of the land in Italy was owned by 20% of the population.
It is an axiom of business management that "80% of sales come from 20% of clients". Richard Koch authored the book, The 80/20 Principle, which illustrated some practical applications of the Pareto principle in business management and life.Mathematically, the 80/20 rule is roughly followed by a power law distribution (also known as a Pareto distribution) for a particular set of parameters, and many natural phenomena have been shown empirically to exhibit such a distribution.The Pareto principle is only tangentially related to Pareto efficiency. Pareto developed both concepts in the context of the distribution of income and wealth among the population.
Listed below are my priority wants. Like everyone else, I am a greedy bastard and I actually want everything.
Here is the link to my for sale for trade page. If you see anything on there, do PM me offers even if you don't have any of my wants listed.
Remember, I WANT EVERYTHING
This is probably futile, but if you want to make some extra cash, I will meet you somewhere in WA, OR, or ID and buy your current generation 5DTactical pro jig and ReadyMILL. (Lord knows I could use a road trip right about now!! LOL) I prefer a type C ReadyMILL, but could be flexible depending...
I've got a like new Sig Sauer P320 Compact 40 S&W that I just don't see myself using, so I'm going to list it on here.
But, there's a twist: I'm going to offer it one of two ways and let the buyer decide what how they want it.
Option A - Buy it as a complete pistol, ready to shoot. Asking...