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.

Getting started

Package details

AuthorPartha Sarathi Bishnu <[email protected]>
MaintainerPartha Sarathi Bishnu <[email protected]>
LicenseGPL (>= 2)
Package repositoryView on CRAN
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decision documentation built on May 30, 2017, 7:55 a.m.