utilityB: Boudreau Utility Model.

In iopsych: Methods for Industrial/Organizational Psychology

Description

This utility model extends the BCG model with additional financial variables.

Usage

utilityB(n = 1, sdy, rxy = NULL, uxs = NULL, sr = NULL, pux = NULL,
  cost = 0, period = 1, v = 0, tax = 0, i = 0)

Arguments

n	The size of the applicant pool
sdy	The standard deviation of performance in monetary units.
rxy	the correlation between the predictor composite and the criterion.
uxs	The average predicter score of those selected. If the uxs is unknown, the sr argument can used instead.
sr	A selection ratio or a vector of selection ratios.
pux	The expected average criterion score of selected applicants.
cost	The cost per applicant of a selection system.
period	The anticipated tenure of selected employees.
v	The proportion of new costs to new revenue (i.e. sc/sv).
tax	The marginal tax rate.
i	Discount rate.

Value

Estimated gain in utility.

Note

This functions can except either (1) pux, (2) uxs and rxy, or (3) sr and rxy.

Author(s)

Allen Goebl and Jeff Jones

References

Boudreau, J.W. (1983). Economic considerations in estimating the utility of human resource productivity improvement programs. Personnel Psychology, 36, 551-576.

Examples

utilityB(sdy=10000, rxy=.50, sr=.30, period=4, v=.5, tax=.1, i=.02)

iopsych documentation built on May 2, 2019, 2:27 p.m.