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decisionSupport

Quantitative Support of Decision Making under Uncertainty

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.

README

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# decisionSupport

The R-package decisionSupport is free software: you can redistribute it
and/or modify it under the terms of the GNU General Public License as
published by the Free Software Foundation, either version 3 of the
License, or (at your option) any later version.

The R-package decisionSupport is distributed in the hope that it will be
useful, but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General
Public License for more details.

You should have received a copy of the GNU General Public License along
with the R-package decisionSupport. If not, see
<a href="http://www.gnu.org/licenses/" class="uri">http://www.gnu.org/licenses/</a>.

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| [**CRAN Version**](https://cran.r-project.org/package=decisionSupport) |

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## Installation

Install the released version of decisionSupport from
[CRAN](https://CRAN.R-project.org) with
`install.packages("decisionSupport")`.

## References

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Versions across snapshots

VersionRepositoryFileSize
1.115 rolling linux/jammy R-4.5 decisionSupport_1.115.tar.gz 3.3 MiB
1.115 rolling linux/noble R-4.5 decisionSupport_1.115.tar.gz 3.3 MiB
1.115 rolling source/ R- decisionSupport_1.115.tar.gz 3.3 MiB
1.115 latest linux/jammy R-4.5 decisionSupport_1.115.tar.gz 3.3 MiB
1.115 latest linux/noble R-4.5 decisionSupport_1.115.tar.gz 3.3 MiB
1.115 latest source/ R- decisionSupport_1.115.tar.gz 3.3 MiB
1.115 2026-04-26 source/ R- decisionSupport_1.115.tar.gz 3.3 MiB
1.115 2026-04-23 source/ R- decisionSupport_1.115.tar.gz 3.3 MiB
1.115 2026-04-09 windows/windows R-4.5 decisionSupport_1.115.zip 1.4 MiB
1.114 2025-04-20 source/ R- decisionSupport_1.114.tar.gz 3.3 MiB

Dependencies (latest)

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