Showing 1 - 10 of 202
A stock replenishing model is considered whereby not only the demand for the item, but also the stock in hand and the lead time period are considered to be random variables. The interrelations of these three item characteristics are then studied in the framework of a scheme for deciding when to...
Persistent link: https://www.econbiz.de/10012732457
Compound Poisson distributions (CPD's) have provided solutions for many statistical problems where the simple Poisson model has not been found adequate to describe. An interesting property of the CPD is revealed in the present paper in the form of two characterizations. The basic assumption is...
Persistent link: https://www.econbiz.de/10012775653
Compound Poisson distributions (CPD's) are frequently used as alternatives in studying situations where a simple Poisson model is found inadequate to describe. In this paper an attempt is made to identify compound Poisson distributions when it is known that the conditional distribution of two...
Persistent link: https://www.econbiz.de/10012775675
The binomial and multinomial distributions are, probably, the best known distributions because of their vast number of applications. The present paper examines some generalizations of these distributions with many practical applications. Properties of these generalizations are studied and models...
Persistent link: https://www.econbiz.de/10012775679
With the notion of success in a series of trials extended to refer to a run of like outcomes, several new distributions are obtained as the result of sampling from an urn without replacement or with additional replacements. In this context, the hypergeometric, negative hypergeometric,...
Persistent link: https://www.econbiz.de/10012775680
The stuttering generalized Waring distribution is introduced and shown to arise through two urn genesis schemes. Its probability generating function and moments are derived and some potential applications are discussed
Persistent link: https://www.econbiz.de/10012775681
In this paper, distributions of items sampled inversely in clusters are derived. In particular, negative binomial type of distributions are obtained and their properties are studied. A logarithmic series, type of distribution is also defined as limiting form of the obtained generalized negative...
Persistent link: https://www.econbiz.de/10012778101
A model of Markov dependent trials is considered that leads to a generalization of the binomial distribution in the context of evaluating models of a time series by exploiting the sequential nature of model-based predictions. Adopting an evaluation method similar in nature to that suggested by...
Persistent link: https://www.econbiz.de/10012778425
The paper deals with a distribution that arises as the distribution of a sample statistic used to compare the predictive ability of two competing linear models. It is defined as the distribution of the ratio of two correlated gamma variables and its probabilities are tabulated in order that they...
Persistent link: https://www.econbiz.de/10012778945
In this paper, an evaluation method is suggested for selecting one of two competing models based on certain predictive ability ratings. The main focus is on the case of linear models that are not necessarily nested. In the context of such models, the test procedure is based on a sample statistic...
Persistent link: https://www.econbiz.de/10012779059