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Mike Middleton Mike Middleton is offline
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Default is there a function like NORMSINV for exponential distribution

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


"Stuart Douglas" <Stuart wrote in message
...
I am trying to calculate safety stock using an exponential distribution
need
to calculate the safety factor for a desired service level