

Updated On: 02 July, 2024 10:37 PM IST | Mumbai | Rajendra B. Aklekar
The Pareto principle, also known as 80/20 rule, states that for many outcomes, roughly 80% of consequences come from 20% of causes

The principles of a 19th century Italian polymath were put to use by the WR
The principles of a 19th century Italian polymath, Wilfried Fritz Pareto, have been put to use by the Western Railway to fix its fleet of AC local trains by drawing up a Reliability Action Plan (RAP).
The Pareto principle, also known as 80/20 rule, states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few").