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.


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install.packages("decision")

0.1.0 by Partha Sarathi Bishnu, 5 years ago


Browse source code at https://github.com/cran/decision


Authors: Partha Sarathi Bishnu <[email protected]>


Documentation:   PDF Manual  


GPL (>= 2) license



See at CRAN