# Pareto's Impossibility Theory, And Pairwise Comparison Matrices?

1153 Words 5 Pages
Introduction Vilfredo Pareto graduated from the University of Turin and practiced as a civil engineer before switching to economics, and becoming a famous economist known for his application of mathematics to economic analysis. Pareto’s theories and research have been discussed several times in Praxis with several different applications, including the Pareto Chart, the Pareto Principle, and Pareto Efficiency (relating to Arrow’s Impossibility Theorem and Pairwise Comparison Matrices). The connections between these topics and their limitations, however, are not developed in class.

Pareto Charts and Pareto Analysis The first mention of Pareto occurred in Lecture 11, when discussing the point at which the return on investment for “effort” expended
The concept of Pareto Optimality describes the selection in which there is no alternative where an individual (or objective) is better off (or satisfied better), and there is no individual (or objective) who is worse off (or not satisfied as well) [15]. Pareto’s Efficiency is considered a criteria in fair voting, as described in Arrow’s Impossibility Theorem [3]. The theorem explains that it is impossible to have a social welfare function that allows for fair voting, that does not break at least one of the “fairness” criteria [13]. The first criteria mentioned on Professor Foster’s slide on the theorem states, “if every voter prefers alternative X over alternative Y, then the group prefers X over Y;” this is known as the Pareto Efficiency [3]. In the following Praxis slides, however, Michael J. Scott and Erik K. Antonsson explain why Arrow’s Impossibility Theorem does not have a direct impact on engineering design decisions [3]. One of the reasons for this is that the social choice problem involves all orderings being assigned equal worth, whereas in engineering problems there is no need to do that for objectives [14]. Furthermore, the “heart of the multi-criteria engineering problem is the inter-attribute comparison of attributes,” which is not permitted in social choice problems [14]. These differences indicate that …show more content…
Pareto’s theorems require assigning specific values to objectives in order to rank their importance, despite not always having grounds to do so. Just as the first two applications of Pareto’s economics were deemed not helpful in an engineering context, the pairwise comparison matrix should receive the same assessment. These tools cannot effectively assess a set of alternatives in an engineering context, and thus should not be used to draw final conclusions. However, given that the problem in the Pareto Analysis is mirrored in the Pairwise Comparison, one may want to use the Pareto Analysis with a similar amount of caution. A Pareto Chart succinctly shows the effect meeting an objective has on the determined quality of the solution. Thus, this tool could be considered when fulfilling the Design Critique’s requirement to include another criterion-referenced tool. The flaws in applying Pareto’s economic principles to Praxis should always be considered whenever extending economic or social principles to engineering. Economic theories are always based on several assumptions, such as “all other things being equal”, and assuming people act rationally. These assumptions are not always warranted and will raise problems when applied to an engineering context which requires large amounts of evidence. Therefore, one must carefully consider all

• ## Samuel Huntington Clash Of Civilization Analysis

The author does not support the view expressed by other scholars that ideological, political and economic differences among states will be the primary driver of conflict among states. As I have indicated earlier, this analysis is shallow and lacks both historical and empirical evidence. If his examination is strictly followed, there will be a basis for economic conflict. There is a hug economic disparity among the civilisations. However, he thinks this will not be enough to cause conflict among the civilisations.…

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• ## Bad Company Abstraction Essay

For now, let us avoid any further metaphysical gymnastics of the arguments of Bad Company Objections. But if we abandon the search of the acceptability conditions, what lesson could we learn from Bad Company Objection? There is an analogous matter which Ebert and Shapiro (1999, p.298) labelled ‘Good Company’. Assuming we have successfully constructed an account of acceptability which helps us to rule out ‘bad’ principles; there is another question that neo-Fregean logicists to answer. Why is it that only the stipulation of ‘good’ abstraction principles earn such a special epistemic status and no other kind of stipulation does?…

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• ## Bob Ebeling Theory

Virtue Ethics says that raising the alarm without certainty of a problem is immoral on the fact that it is an excess of fear. In other words it lacks courage. While this is agreeable to a degree, an engineering team does not function on the thoughts of one person alone. Whether or not the risk is deemed acceptable, in a team setting, should be decided by the team. Virtue Ethics fails to bring into account the situation as a courageous, and therefore moral, person on the engineering team would look at the data and conclude that it is insufficient and would mean not acting in the mean were they to then act on that data; whereas one would hope that the team as a collective whole with whatever process they make decisions would be allowed to deem the risk worth it or not.…

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• ## Paley's Argument Analysis

Philosopher David Hume came up with several complications he had with the argument from design. One of his reasons that I wanted to explore was his belief that the argument is an example of the fallacy of composition. This objection claims that just because you know the cause of several individual events, you cannot make an assumption to define the group as a whole (class notes). This objection is powerful in that if all things that encompass the universe are contingent on something else, this does not mean that the universe as a whole is dependent on something else. While man-made objects must be built with a goal in mind, this does not provide enough evidence to say that the universe was necessarily built with a similar…

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• ## Socrates Use Of Rhetoric In Plato's Gorgias

On the other hand, he also does not believe the dream of communication should be perfect connection like it is in the semiotic view. The imperfection and confusion of communication is what allows for human emotion. Therefore, the only way to increase the “wiring” between connected humans is to become less human, which is impossible for a human. In Peters’ view, communication is accepted as a relatively weak form of transferring ideas, but humans have to make the most they can out of it because it is unchangeable. In Peters’ dream of communication, he highlighted this acceptance, “The task is to find an account of communication that erases neither the curiousness fact of otherness at its core and the possibility of doing things with words” (Peters…

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However, I argue that Mintzberg included an ingredient that scientific management did not take account of, which is contingency factor. The factors included in Mintzberg’s suggestion are age and size, technical system, environment and power (Mintzberg, 1980, pp.327-328). In this case, the assumption of scientific management is contrasted. Taylorism believes there is one best method to perform a job most efficiently (Freedman, 1992, p.28). However, it is doubted by contingency factor which is explained by contingency theory that there is no one best way to perform a task due to different situation manager confronts and no approach is applicable across unique situations (Kumar and Sharma, 2000, p.83).…

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• ## The Backsourcing Process

This leaves gaps and speculation as a common factor. The root cause of this is that organizations not wanting to air dirty laundry in a public forum; this is especially true when the sourcing organization will play a large part of the backsourcing efforts. Therefore, the right solution for backsourcing must be a well detailed plan which looks to undo the outsourcing of IT services while ensuring that the original outsourcing services can be done in-house to the standard that would support the organization’s essentials and objectives. Keywords: backsourcing, outsourcing, in-sourcing Arrival at Backsourcing For various reasons an organization can find itself at the point of either strongly considering or actually taking on the challenge of backsourcing. However, to ensure that there is a comprehensive understanding in this area of operation – it would be best to expand on how an organization would get to such a point.…

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• ## Relationship Between Service And Innovation

A weakness of the research method is the unexplained inconsistency in the time period for sourcing the data as well as the definition and consistency of the dependent variable. The regression equations in Section 3.1 are particular useful to understand how the variables involved are operationalized. Moreover, the equations in-part compensate for the lack of visual model. The descriptions of the variables, dates, and sources of data in Table 1a enable the reader to understand how the research is operationalized. However, Table 1a should identify the type of variable and the model to which the variable applies.…

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• ## High Commitment/Best Practice Model

She argues that ‘teams are frequently used to cover-up coercion under the pretense of maintaining cohesion; disguise conflict under the facade of consensus; and give autonomous decisions a codeterminist seal of approval’. Concerning the area of training and development the type of training provided was different. Factors such as quality and delivering it in the right manner are important. Truss et al. (1997: 61) concluded that even in organizations where training was provided it did not contribute to the developmental HRM perspective, as it did not enhance employee’s skill-set or enlarged their experience.…

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• ## Debunker's Argumentative Analysis

We must assume our beliefs are innocent until proven guilty by Good Reason, and that most of our beliefs are probably close enough to the truth, otherwise they would not have aided in the survival and been selected for by evolution. The best argument against moral realism does not even need evolution to make us rightfully worry, but the inclusion of evolution weakens the argument, leading to skepticism again. Our disposition to make a distinction without a difference is a serious moral dilemma, but has no bearing on the current discussion since we are addressing the problem of evolution in relation to realism. The problem here is not in the content of the argument itself, but in the very…

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