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BB-112 Commodity Dynamic Competition v05

[Building Blocks] BB-112 Commodity Dynamic Competition
Building Blocks (BB-112) - Commodity Dynamic CompetitionTwo Competiitive Rivals are selling the exact same 'Sprockets' Product at the exactsame Price. The Product is completely undifferentiated. But now the twoCompetitive Rivals start a Price War. Each expects large increases in Profit andRevenue at each Price discount, but doesn't expect the other Competitive Rival toalso discount Price. Dynamic Pricing of Price War in "Race to the Bottom":Spacely Sprockets Price: $150.00 --> $105.00 --> $102.25Cogswell Cogs Price: $150.00 --> $105.00 --> $102.25Spacely Sprockets Price: $100.00 --> $97.50 --> $95.125Cogswell Cogs Price: $100.00 --> $97.50 --> $95.125OptimizeSpacely SprocketsWillingnessTo Pay (WTP)of CustomersProductArrayCompetitiveRivalsOptimizeCogswell CogsGet Optimized PricesSpacely SprocketsGet Optimized PricesCogswell CogsRe-createMarketOptimizeCogswell CogsOptimizeSpacely SprocketsGet Optimized PricesSpacely SprocketsGet Optimized PricesCogswell CogsRe-createMarketFinalMarket Conditions Profit Engine CustomerDistributions Product Generator Table Creator Profit Engine Row Filter Row Filter Concatenate Profit Engine Profit Engine Row Filter Row Filter Concatenate Profit Engine Building Blocks (BB-112) - Commodity Dynamic CompetitionTwo Competiitive Rivals are selling the exact same 'Sprockets' Product at the exactsame Price. The Product is completely undifferentiated. But now the twoCompetitive Rivals start a Price War. Each expects large increases in Profit andRevenue at each Price discount, but doesn't expect the other Competitive Rival toalso discount Price. Dynamic Pricing of Price War in "Race to the Bottom":Spacely Sprockets Price: $150.00 --> $105.00 --> $102.25Cogswell Cogs Price: $150.00 --> $105.00 --> $102.25Spacely Sprockets Price: $100.00 --> $97.50 --> $95.125Cogswell Cogs Price: $100.00 --> $97.50 --> $95.125OptimizeSpacely SprocketsWillingnessTo Pay (WTP)of CustomersProductArrayCompetitiveRivalsOptimizeCogswell CogsGet Optimized PricesSpacely SprocketsGet Optimized PricesCogswell CogsRe-createMarketOptimizeCogswell CogsOptimizeSpacely SprocketsGet Optimized PricesSpacely SprocketsGet Optimized PricesCogswell CogsRe-createMarketFinalMarket ConditionsProfit Engine CustomerDistributions Product Generator Table Creator Profit Engine Row Filter Row Filter Concatenate Profit Engine Profit Engine Row Filter Row Filter Concatenate Profit Engine

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Created by: Berlin
Created at: 2018-05-23
On NodePit since: 2021-02-05
Last update: 2024-04-20
Created with KNIME version: v4.3.0

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