Valuation
Conducts valuation of a given policy, providing summary statistic & plots on the total discounted value of all cashflows received by each pathway.
value_policy(policy, cashflows, seed)
Parameters:
policy : Policy object
Policy object generated from create_policy function (see Creating Policy Object)
cashflows : Matrix
Matrix of cashflows generated from simulate_cf function (see Simulating Cashflows)
seed : numeric
Random seed used for random sampling
Returns:
PolStats object
Usage:
> ap <- create_policy_AP(400000, 60000)
> cf <- simulate_cf(policy = ap, n = 1000)
> v <- value_policy(ap, cf)
========= Policy Details =========
Type : Account Based Policy
Sample Size : 1000
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Balance : 4e+05
Expense : 60000
======= Summary Statistics =======
Mean : $ 475,062.33
Std Dev : $ 90,802.31
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Minimum : $ 292,583.25
Maximum : $ 1,035,790.55
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P_0.25 : $ 414,751.54
P_0.50 : $ 459,701.37
P_0.75 : $ 520,606.57
P_0.95 : $ 649,646.49
P_0.99 : $ 748,371.56
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Skewness : 1.19
Kurtosis : 5.62
==================================
Attributes:
paths : Vector
Valuation of individual cashflows by path
stats : List
Summary statistics of discounted cashflow
conv : Plot
Convergence plot of simulation using random sampling
dist : Plot
Distribution plot of present value by path
scat : Plot
Scatter plot of present value by path