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The impact of Pareto Principle on the sale in automobile companies and airlines


Received: 17 Apr 2022
Revised: 21 May 2022
Accepted: 19 Jun 2022

Hossein Karevan, Mahvash Ranjbar, Sahba Keshtmand

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Abstract

The Pareto Principle (also known as the 80-20 rule) states that for many sight, about 80% of the consequences are produced by 20% of the causes. In this article we discuss the Pareto Principle and its importance in real life problems, describe some mathematical model related to it. We tested two sets of real life data to see if the Pareto principle applies to these aspects. For the Forbes list in2017, we found that 20% of the air line in that list own 45% of the sell. And 20% of the automobile company in that list 62% of the all automobile sell In both cases results have a really to the Pareto principle but not perfectly matched.

Keywords: Pareto Principle, sale, automobile companies, airlines, Forbes.


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References

[1] Vilfredo, Pareto. Cours dconomie Politique. (1896)(1897). Profess a l.Universit de Lausanne, Vol. I, (1896). Vol. II, (1897).

[2] Avinash, Narula. And, Harjeet, Narula. (2004). 80/20 RULE OF Communicating Your IDEAS Effectively. Paperback. (2004).

[3] Ankunda R, Kiremire. (2011). The application of the Pareto Principle in software engineering. 19th October. (2011)

[4] Bunkley, Nick. (2008). "Joseph Juran, 103, Pioneer in Quality Control, Dies". New York Times. March 3 ( 2008).

[5] Wikipedia. (2013). Pareto principle, http://en.wikipedia.org/wiki/Pareto principle, accessed. (2013). 03-02.

[6] https://www.forbes.com/global2000

[7] Rosie Dunford, Quanrong Su, Ekraj Tamang and Abigail Wintour. (2014). The Pareto Principle. The Plymouth Student Scientist. 7, (1). (2014). 140–148

[8] Joseph L, Gastwirth. (1972). The Estimation of the Lorenz Curve and Gini Index, The Review of Economics and Statistics. Vol. 54 (1972). No. 3, pp. 306-316.

 

 

 


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Journal of Practical Business Law

 

ISSN: 2783-2899

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Melbourne, Australia

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