The Replicate Distributions node quickly extends the Output WTP Matrix with additional columns. The values used to fill these columns come from the Product Attributes found in the Input Product Array and the column values found in the Input WTP Matrix.
For example, Product P1 is being sold at a 5% discount but Customers must pay $10 in shipping, while Product P2 is being sold at a 15% discount with a shipping fee of $20. Personalized discounts can be set in the Price Adjustment Variable (PAV) columns of the WTP Matrix, while shipping fees can be set in the Price Adjustment Fixed (PAF) columns. There must be one PAV column and one PAF column for each Product.
This Replicate Distributions node can be used to quickly create these PAV and PAF values for each Product. In the Input Product Array, the Attribute 'PAV' values can be set to 0.95 and 0.85 for Product P1 and P2 respectively. Similarly, the Attribute 'PAF' values can be set to 10.00 and 20.00. By including P1 and P2 in the 'Replicate Product Set', and 'PAV' and 'PAF' in the 'Replicate Product Attributes', this node will create the following new Output WTP Matrix columns: P1.PAV, P1.PAF, P2.PAV, and P2.PAF. The single Attribute value found in the Input Product Array will fill each of these columns.
In addition, a column of personalized Customer values found in the Input WTP Matrix can also be replicated multiple times in the Output WTP Matrix. For example, the personalized Volume demanded by each Customer may be set in a template 'VOL' column. This Replicate Distributions node can then copy all these values into two new Output WTP Matrix columns: P1.VOL and P1.VOL.
More Help: Examples and sample workflows can be found at the Scientific Strategy website: www.scientificstrategy.com.
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To use this node in KNIME, install the extension Market Simulation nodes by Scientific Strategy for KNIME - Community Edition from the below update site following our NodePit Product and Node Installation Guide:
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