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

Description Usage Arguments Value References Examples

View source: R/dmur.R

Description

Statistical Decision Analysis: with the help of this package we construct the payoff table and the opportunity loss table and calculate various statistical parameters like EMVs, MEMV, EPPI, EVPI, EOL which help in taking effective decisions.

Usage

1
dmur(dAmount, prob, sPrice, pPrice)

Arguments

dAmount

A data vector to store values

prob

A data vector to store the probabilities

sPrice

A numeric value to store selling price

pPrice

A numeric value to store preparation/ purchase price

Value

MEMV, bestValue, EPPI, EVPI, EOL

References

1. Khalili, k., Damghani, M. T., Taghavifard, R., Tavakkoli M., (2009) Decision making under uncertain and risky situations, Enterprise risk management symposium monograph society of Actuaries- Schaumburg, Illinois, vol. 15.

2. Marakas, G. M. (2006) Decision support system- In the 21st century, 2nd edition, Pearson education, New Delhi.

3. Turban, E., Aronson, J. E. and Liang, T.P. (2006) Decision support system and intelligent systems, Pearson education, New Delhi.

Examples

1
dmur(c(50, 100, 150, 200), c(0.2,0.4,0.3,0.1), 20, 10)

decision documentation built on May 30, 2017, 7:55 a.m.