Pareto Optimality Theory

Pareto optimality theory refers to an ideal state in which resource allocation achieves fairness and efficiency. Under Pareto optimality, it is impossible to benefit at least one person by changing the allocation of resources without harming anyone. The process of pursuing Pareto optimality is de facto the process of management and decision making. The purpose of management activities studied by the School of Management is to make full use of limited human, material, and financial resources, optimize the allocation of resources, and strive to achieve maximum efficiency and benefit with the minimum cost. Research on the allocation of information resources is of great significance to effectively, reasonably and scientifically utilize information resources, maximize the utility of information resources, and promote the sustainable development of information industry.

Edited and translated by Zhang Yifei