Discrete compound poisson processes and tables of the geometric poisson distribution

Craig C. Sherbrooke

Naval Research Logistics Quarterly, 1968, vol. 15, issue 2, 189-203

Abstract: This paper discusses the properties of positive, integer valued compound Poisson processes and compares two members of the family: the geometric Poisson (stuttering Poisson) and the logarithmic Poisson. It is shown that the geometric Poisson process is particularly convenient when the analyst is interested in a simple model for the time between events, as in simulation. On the other hand, the logarithmic Poisson process is more convenient in analytic models in which the state probabilities (probabilities for the number of events in a specified time period) are required. These state probabilities have a negative binomial distribution. The state probabilities of the geometric Poisson process, known as the geometric Poisson distribution, are tabled for 160 sets of parameter values. The values of mean demand range from 0.10 to 10; those for variance to mean ratio from 1.5 to 7. It is observed that the geometric Poisson density is bimodal.

Date: 1968
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https://doi.org/10.1002/nav.3800150206

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:15:y:1968:i:2:p:189-203

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