Publication:
On choosing a family of probability distributions for lead time demand

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Authors
Richards, Francis Russell
Thomas, Marlin Uluess
Subjects
Demand distributions
Inventory control
Measures of effectiveness
Advisors
Date of Issue
1974-02
Date
1974-02
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
The problem of selecting an appropriate family of probability distributions to be used in the procedures for forecasting future demands is examined. Using the principle of maximum entropy and other practical considerations, the gamma family is shown to result from conditions typical of those in the Naval Supply System. On considering other decision criteria based on measures of supply effectiveness, the gamma family is shown to be superior to the family of distribution presently in use
Type
Technical Report
Description
Series/Report No
Department
Identifiers
NPS Report Number
NPS-55Rh74021
Sponsors
supported in part by the Research and Development Branch of the Naval Supply Systems Command under Work Request 3-5068, Job Order 55681 to the Naval Postgraduate School
Funder
Format
Citation
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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