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Management applications of the inverse gaussian distribution

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  • Whitmore, G. A.

Abstract

The inverse gaussian distribution is a relatively unknown statistical distribution which appears to have considerable potential for application in the management sciences. The paper presents a summary of the distribution's key statistical properties and surveys applications of the distribution found in the literature. The paper also discusses a number of areas of potential application which are as yet unexplored.

Suggested Citation

  • Whitmore, G. A., 1976. "Management applications of the inverse gaussian distribution," Omega, Elsevier, vol. 4(2), pages 215-223.
    • Handle: RePEc:eee:jomega:v:4:y:1976:i:2:p:215-223
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    Cited by:

    1. Nadarajah, Saralees & Kotz, Samuel, 2009. "Models for purchase frequency," European Journal of Operational Research, Elsevier, vol. 192(3), pages 1014-1026, February.
    2. Sinha, Pankaj & Jayaraman, Prabha, 2009. "Robustness of Bayesian results for Inverse Gaussian distribution under ML-II epsilon-contaminated and Edgeworth Series class of prior distributions," MPRA Paper 15396, University Library of Munich, Germany.
    3. Sinha, Pankaj & Jayaraman, Prabha, 2009. "Bayes reliability measures of Lognormal and inverse Gaussian distributions under ML-II ε-contaminated class of prior distributions," MPRA Paper 16528, University Library of Munich, Germany.

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