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Journal of the Operational Research Society Volume 12, 1961 - Issue 2
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General Paper

The Application of the Negative Binomial Distribution to Stock Control Problems

C. J. TaylorBritish European Airways
Pages 81-88 | Published online: 19 Dec 2017
 
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Abstract

Random demand and a gamma distribution of lead times results in a negative binomial distribution of the number of demands during a lead time. This fact, together with a rather surprising mathematical equality, enables one to use tables of the positive binomial distribution to determine reorder levels and also to calculate stocks of rotable components for aircraft.

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