decision: 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.

Version: 0.1.0
Published: 2016-04-05
DOI: 10.32614/CRAN.package.decision
Author: Partha Sarathi Bishnu
Maintainer: Partha Sarathi Bishnu <psbishnu at>
License: GPL-2 | GPL-3 [expanded from: GPL (≥ 2)]
NeedsCompilation: no
CRAN checks: decision results


Reference manual: decision.pdf


Package source: decision_0.1.0.tar.gz
Windows binaries: r-devel:, r-release:, r-oldrel:
macOS binaries: r-release (arm64): decision_0.1.0.tgz, r-oldrel (arm64): decision_0.1.0.tgz, r-release (x86_64): decision_0.1.0.tgz, r-oldrel (x86_64): decision_0.1.0.tgz


Please use the canonical form to link to this page.