Market Simulation nodes by Scientific Strategy for KNIME - Community Edition version 4.3.1.v202102181051 by Decision Ready, LLC
The Edit Attributes node provides a simple way to change the value of individual Product Attributes within the Input Product Array. For example, the Edit Attributes node could be used to discount Price, trim Cost, increase Capacity, switch Location, or toggle the Inclusion of one or more Products.
Product Attributes are any Numeric, String, or Boolean value associated with a Product. Editing Attributes can help to analyze a variety of potential market strategies. For example, would it be more profitable to increase Price or decrease Cost? Should vendors invest in expanding their production Capacity? Would Customers respond favorably to smaller Products containing less Volume? How would the Market respond if a Product were to be Out-of-Stock?
Several Edit Attributes nodes can be cascaded one after the other to fine-tune the edited Product Attributes. This allows several concurrent changes to be analyzed together, such as a simultaneous change in both Price and Cost.
See Also: The 'Edit Attributes' node is a simplified version of the 'Scale Products' node. It can be used when the set of Products to be edited is well defined and does not have a complex relationship to a Focus Product. And unlike the Scale Products node, this Edit Attributes node can also be used to change the String and Boolean Attributes of Products. The Scale Products node is better suited to analyzing complex relationships between Products, such as the discounting of Products sold by only Top Competitive Rivals.
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