Market Simulation nodes by Scientific Strategy for KNIME - Community Edition version 4.3.1.v202102181051 by Decision Ready, LLC
The Scale Products node changes the value of individual Product Attributes within the Input Product Array. For example, the Scale Products node could be used to discount Price, trim Cost, and increase Capacity of one or more Products.
Product Attributes are any numeric value associated with a Product. Scaling Product 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 a Store be impacted if a competitor discounted their entire Brand?
Several Scale Products nodes can be cascaded one after the other to fine-tune the updated 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 this Scale Products node, the Edit Attributes node can also be used to change the String and Boolean Attributes of Products.
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