Pareto Frontier

The Pareto Frontier is a concept used in decision-making where multiple goals are involved. It represents the set of solutions where improving one aspect cannot be achieved without compromising another. In other words, these solutions are considered optimal because none are better in all respects. For example, choosing a car might involve balancing cost, fuel efficiency, and comfort; the Pareto Frontier includes options where you can't improve one without worsening another. It helps identify and evaluate the best possible trade-offs, allowing informed choices based on priorities.