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.
Documentation:
Downloads:
Linking:
Please use the canonical form
https://CRAN.R-project.org/package=decision
to link to this page.