Best way to use a delay in Lua?

long time since i started a topic.

Currently i need to use some pauses/delays in some of my lua functions. Sadly there is no optimal solution as far as i searched for it on google.

Right now i need to set specific values and change them after a specific time (milliseconds).

These instructions are inside a normal lua table.

I know there is a setDelay() function mentioned in the LUA docs ( http://www.visionaire-studio.com/luadocs/#commands ) 

But im not quite sure how i can use that inside e.g. a for-loop. Because this function doesnt really pause, it starts another function after a given time.

Intended behaviour by me would be this (pseudo code):

for each entry in table do

    set value a = table[i].a, b = table[i].b , c = table[i].c
    wait for table[i].pause milliseconds

end

Thanks in advance

Sebastian