Tag: Pareto Principle
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Trade-offs in California Water Discussions
By Jay Lund In policy and management, we should always be interested in performance, both overall effectiveness and efficiency of solutions, as well as trade-offs across objectives. These are often depicted on plots of Pareto-optimality, showing the relative performance of alternatives, the performance of efficient (Pareto-optimal) solutions, and trade-offs across these most efficient alternatives, often compared with…