In real-world economics, the Pareto improvement is often replaced by the Kaldor-Hicks improvement, of which Pareto improvements are a subset. A Kaldor-Hicks improvement is associated with cost-benefit improvements and is related in terms of actual dollars.
Investment dictionary. Academic. 2012.
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Pareto-improvement — See Pareto principle … Dictionary of sociology
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the Pareto principle — UK US noun [S] (also Pareto s law , INFORMAL the 80/20 rule) ECONOMICS, WORKPLACE, PRODUCTION ► the idea that a small quantity of work or resources (= time, money, employees, etc.) can produce a large number of results: »The Pareto principle,… … Financial and business terms
Continuous Improvement Process — Kontinuierlicher Verbesserungsprozess oder kurz KVP (engl.: Continuous Improvement Process (CIP)) ist eine innere Haltung aller Beteiligten und bedeutet: stetige Verbesserung mit möglichst nachhaltiger Wirkung. Diese Haltung durchdringt dann alle … Deutsch Wikipedia
Kaldor-Hicks efficiency — (named for Nicholas Kaldor and John Hicks) is a measure of economic efficiency that captures some of the intuitive appeal of Pareto efficiency, but has less stringent criteria and is hence applicable to more circumstances. Under Kaldor Hicks… … Wikipedia