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A review of the statistical foundation of a class of probabilistic planning models
Authors:John F. Kottas
Affiliation:School of Business Administration, College of William and Mary, Williamsburg, VA 23185, U.S.A.;College of Business and Economics, Washington State University, Pullman, WA 99163, U.S.A.
Abstract:There exists a large group of probabilistic managerial planning models whose statistical problem consists of deriving the stochastic characteristics of a performance criterion defined as a function of several other random variables. This paper provides a unified statistical framework for such models by blending together various concepts and techniques in distribution theory and random-variate generation.
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