Topic summary

Pareto efficient

Pareto efficient

Extracted from the Wikipedia article Pareto efficiency.

Use in engineering

The notion of Pareto efficiency has been used in engineering. Given a set of choices and a way of valuing them, the Pareto front (or Pareto set or Pareto frontier) is the set of choices that are Pareto efficient. By restricting attention to the set of choices that are Pareto efficient, a designer can make trade-offs within this set, rather than considering the full range of every parameter.