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MS Office Forum / Excel / Worksheet Functions / October 2007

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is there a function like NORMSINV for exponential distribution

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Stuart Douglas - 25 Oct 2007 20:45 GMT
I am trying to calculate safety stock using an exponential distribution need
to calculate the safety factor for a desired service level
Jerry W. Lewis - 26 Oct 2007 02:39 GMT
-LN(1-p)/lambda
is the inverse of EXPONDIST(x,lambda,TRUE)

Jerry

> I am trying to calculate safety stock using an exponential distribution need
> to calculate the safety factor for a desired service level
Mike Middleton - 26 Oct 2007 21:11 GMT
Stuart Douglas  -

The exponential density function f(x) = lambda*EXP(-lambda*x),

or f(x) = EXPONDIST(x,lambda,FALSE).

The cumulative probability p = P(X<=x) = 1 - EXP(-lambda*x),

or p = P(X<=x) = EXPONDIST(x,lambda,TRUE).

For cumulative probability p = P(X<=x), the inverse cumulative is x
= -LN(1-p)/lambda.

-  Mike Middleton
http://www.DecisionToolworks.com
Decision Analysis Add-ins for Excel

>I am trying to calculate safety stock using an exponential distribution
>need
> to calculate the safety factor for a desired service level
 
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