Tag: Pareto Principle

  • 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…