Paretofrontierin

Pareto frontier, also known as the Pareto frontier or Pareto boundary, is a concept in economics and mathematics that describes a set of optimal solutions for problems involving multiple objectives. It is named after the Italian economist Vilfredo Pareto, who first introduced the idea in the context of economic efficiency. The Pareto frontier represents the boundary of the set of all feasible solutions, where no solution can be improved in one objective without worsening another. In other words, it is the set of all Pareto-efficient points, which are solutions that cannot be improved upon without sacrificing another objective. The Pareto frontier is a fundamental concept in multi-objective optimization, decision theory, and game theory, and it has applications in various fields, including economics, engineering, and computer science.