decision: Statistical Decision Analysis

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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.

Author
Partha Sarathi Bishnu <psbishnu@gmail.com>
Date of publication
2016-04-05 17:40:28
Maintainer
Partha Sarathi Bishnu <psbishnu@gmail.com>
License
GPL (>= 2)
Version
0.1.0

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Man pages

dmur
Statistical Decision Analysis: with the help of this package...

Files in this package

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