Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

During the manufacture of a MOS capacitor, different cleaning processes were used by two manufacturing systems operating in parallel. Process A used a standard cleaning solution, while Process B used ...

The Pareto Principle, also known as the 80-20 rule, is a powerful concept that can transform your approach to data analysis. This principle states that roughly 80% of effects come from 20% of causes.

In this guide, we show you how to create a Pareto chart in Excel. Excel is the best. Though we have many free and paid alternatives, the ease with which we can create complex data sheets and perform ...

In many applications, you can quantify the priority or severity of a problem with a measure such as the cost of repair or the loss to the customer expressed in man-hours. This example shows how to ...

There are many problem-solving techniques available to managers and most of them are powerful tools for reaching a solution. However, one stands out as the power tool to use for deciding ‘which’ ...