decision: Statistical Decision Analysis

Contains a function called dmur() which accepts four parameters like possible values, probabilities of the values, selling cost and preparation cost. The dmur() function generates various numeric decision parameters like MEMV (Maximum (optimum) expected monitory value), best choice, EPPI (Expected profit with perfect information), EVPI (Expected value of the perfect information), EOL (Expected opportunity loss), which facilitate effective decision-making.

AuthorPartha Sarathi Bishnu <psbishnu@gmail.com>
Date of publication2016-04-05 17:40:28
MaintainerPartha Sarathi Bishnu <psbishnu@gmail.com>
LicenseGPL (>= 2)
Version0.1.0

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Files

decision
decision/NAMESPACE
decision/R
decision/R/dmur.R
decision/MD5
decision/DESCRIPTION
decision/man
decision/man/dmur.Rd

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