internal.fuseRma: Taylor-Russell Utility

In allengoebl/iopsych: Methods for Industrial/Organizational Psychology

Description

The Taylor Russel Model can be used to estimate the utility of selecting for a dichotomous criterion.

Usage

trUtility(n = 1, rxy, sr, br, dbr, cost = 0, period = 1)

Arguments

n	The size of the applicant pool.
rxy	The correaltion between the predictor composite and the criterion.
sr	The selection ratio.
br	The criterion ratio. The cutoff point indicating success or failure.
dbr	The monetary value of a 1 percent change in the basis rate per applicant.
cost	The cost per applicant of a selection system.
period	The anticipated tenure of selected employees

Value

Estimated gain in utility.

Author(s)

Allen Goebl and Jeff Jones

References

Roomsburg (1989). Utility as a function of selection ratio and base rate: An empirical investigation of military aviation selection. (Doctoral dissertation).

Examples

#trUtility(rxy=.5, sr=.5, br=.6, dbr=1000)

allengoebl/iopsych documentation built on May 10, 2019, 9:22 a.m.