Quantitative Support of Decision Making under Uncertainty
Overview
Supporting the quantitative analysis of binary welfare based decision making processes using Monte Carlo simulations. Decision support is given on two levels: (i) The actual decision level is to choose between two alternatives under probabilistic uncertainty. This package calculates the optimal decision based on maximizing expected welfare. (ii) The meta decision level is to allocate resources to reduce the uncertainty in the underlying decision problem, i.e to increase the current information to improve the actual decision making process. This problem is dealt with using the Value of Information Analysis. The Expected Value of Information for arbitrary prospective estimates can be calculated as well as Individual Expected Value of Perfect Information. The probabilistic calculations are done via Monte Carlo simulations. This Monte Carlo functionality can be used on its own.
Install
Health
- OK13 OK2026-08-05
- NOTE12 OK, 1 NOTE2026-08-01
- OK13 OK2026-06-09
- ERROR12 OK, 1 ERROR2026-06-08
- OK14 OK2026-03-10
Documentation
- Help pages
- 53includes a package overview page
- Examples that run
- 100%29 run in a plain check (1 of them under a condition)
- Exported functions with examples
- 73%
- Documented parameters
- 94%
- Return-value docs
- 81%
- Help pages citing references
- 17%
Downloads
Dependencies
Code & Tests
Datasets
People & History
Previously maintained by Lutz Göhring (1.101.1).
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- RR 4.6.0 released · 2026-04-24
- 1.115Latest
- RR 4.5.0 released · 2025-04-11
- RR 4.4.0 released · 2024-04-24
- 1.1142024-04-08 · diff ↗
- 1.1132023-10-06 · diff ↗
- RR 4.3.0 released · 2023-04-21
- 1.1112022-05-09 · diff ↗
- RR 4.2.0 released · 2022-04-22
- 1.1102022-02-18 · diff ↗
- 1.1092021-11-19 · diff ↗
- 1.1082021-10-17 · diff ↗
- 1.107
- RR 4.1.0 released · 2021-05-18
- 1.1062021-03-01 · diff ↗ ·
added 5 exports
compound_figure, plot_cashflow, plot_distributions, plot_evpi, plot_pls - 1.105.32020-05-12 · diff ↗
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- RR 4.0.0 released · 2020-04-24
- 1.105.2
- RR 3.6.0 released · 2019-04-26
- 1.103.82018-10-15 · diff ↗
- 1.103.72018-05-16 · diff ↗
- RR 3.5.0 released · 2018-04-23
- 1.103.62017-11-28 · diff ↗
- 1.103.22017-11-27 · diff ↗
- 1.102.22017-11-13 · diff ↗
- 1.102.12017-10-06 · diff ↗ ·
added 9 exports
chance_event, discount, gompertz_yield, make_CPT, random_state, sample_CPT, sample_simple_CPT, temp_situations, vv - RR 3.4.0 released · 2017-04-21
- RR 3.3.0 released · 2016-05-03
- 1.101.22016-04-26 · diff ↗
- 1.101.12015-05-20
- RR 3.2.0 released · 2015-04-16
Package metadata
- First published
- 2015-05-20
- Total releases
- 19 / 11 yrs
- License
- GPL-3 OSI
- Minimum R
- ≥ 3.1.3
- Download size
- 3.4 MB
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