KNOWLEDGE BASED SELECTION IN SOFT COMPUTING MODELS USING PARETO CHART AND PARETO PRINCIPLE

Anil Kumar S

Abstract: Pareto Chart is a statistical tool which is helpful for studying about exceptional data groups based on the variation in their frequency values. Analysis of data is done based on combining the models of frequency distribution and cumulative frequency distribution. Being a major tool in Quality Management, Pareto chart has a wide range of applications in project management and project engineering. Also, in Soft Computing Projects, its concept can be utilized for deciding among several possible alternatives based on prior knowledge. This tool can have a significant use in project situations which demand stochastic decision making. This article illustrates the empirical use of concepts derived from Pareto chart and Pareto principle specifically in Soft Computing Models, for making balanced decisions based on statistical knowledge acquired through prior experience

Keywords: Pareto Chart, Pareto Principle, Statistical Analysis, Stochastic Decision Making, Soft Computing.

DOI: https://doi.org/10.15623/ijret.2016.0531001