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iopsych (version 0.90.1)

utilityBcg: Brogeden-Cronbach-Gleser Utility Model.

Description

Estimates the utility of an employee selection system.

Usage

utilityBcg(n = 1, sdy, rxy = NULL, uxs = NULL, sr = NULL, pux = NULL, cost = 0, period = 1)

Arguments

n
The size of the applicant pool
sdy
The standard deviation of performance in monetary units.
rxy
The correlation between the predictor composite and the criterion.
uxs
The average predicter score of those selected. If the uxs is unknown, the sr argument can used instead.
sr
A selection ratio or a vector of selection ratios.
pux
The expected average criterion score of selected applicants
cost
The cost per applicant of a selection system.
period
The anticipated tenure of selected employees.

Value

Estimated gain in utility.

References

Cronbach, L. J., & Gleser, G. C. (1965). Psychological tests and personnel decisions., 37-40.

Examples

Run this code
utilityBcg(sdy=10000, rxy=.50, sr=.30)

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