ExpectedValue: A Markov function to compute expected value

In feralaes/dampack: Package with useful decision-analytic modeling tools

A Markov function to compute expected value

Description

Computes the expected value from a Markov transition array

Usage

ExpectedValue(trans, rwd, r = 0, half = TRUE, verbose = FALSE)

Arguments

trans	Markov transition array generated by 'CalculateMarkovTrace' function
rwd	Matrix or array with state rewards (diagonal) and transition rewards
r	Discount factor in the scale of a cycle [0, 1]; default = 0
half	If TRUE apply Half cycle correction. Defaults to TRUE
verbose	If TRUE messages are printed. Defaults to FALSE

Value

exp.value Expected value

feralaes/dampack documentation built on Sept. 8, 2024, 11:31 a.m.