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BB-121 Monopoly Optimization Loop v05

[Building Blocks] BB-121 Monopoly Optimization Loop
Buklding Blocks (BB-121) - Monopoly Optimization LoopShows how a Loop can be used to find the Revenue Maximizing Price.The Loop checks whether raising or lowering the Price by 2% increases Revenue.The Loop continues until no further improvement is possible.See also: Building Blocks (BB-101) Simple Monopoly Sort by Revenue, Quantity, orProfit to change the PriceOptimization Goal. Optimize What? Chart Customer WTPas a HistogramProductArrayWillingnessTo Pay (WTP)of CustomersCurrentMarket ConditionsPriceCostQuantityRevenueProfitSprocketsIncrease TestPrice by 2%Decrease TestPrice by 2%Run PriceExperimentsStartRun PriceExperimentsEndTest Price IncreaseMarket ConditionsTest Price DecreaseMarket ConditionsSprocketsPrice, Cost, Quantity,Revenue, ProfitSprocketsPrice, Cost, Quantity,Revenue, ProfitIncrease PriceDecrease PriceNo ChangeSort byRevenueSelect theBest ResultsFilter Out'No Change'To Trigger Loop EndPrice TrendQuantity TrendExpected vs ActualRevenue TrendExpected vs ActualProfit TrendExpected vs ActualNo ChangeAll ExperimentResults Histogram Chart(JFreeChart) Table Creator CustomerDistributions Simulate Market Column Filter Row Filter Math Formula Math Formula RecursiveLoop Start Recursive Loop End Simulate Market Simulate Market Row Filter Column Filter Row Filter Column Filter ConstantValue Column ConstantValue Column ConstantValue Column Sorter Row Filter Row Filter Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) ConstantValue Column Concatenate Buklding Blocks (BB-121) - Monopoly Optimization LoopShows how a Loop can be used to find the Revenue Maximizing Price.The Loop checks whether raising or lowering the Price by 2% increases Revenue.The Loop continues until no further improvement is possible.See also: Building Blocks (BB-101) Simple Monopoly Sort by Revenue, Quantity, orProfit to change the PriceOptimization Goal. Optimize What? Chart Customer WTPas a HistogramProductArrayWillingnessTo Pay (WTP)of CustomersCurrentMarket ConditionsPriceCostQuantityRevenueProfitSprocketsIncrease TestPrice by 2%Decrease TestPrice by 2%Run PriceExperimentsStartRun PriceExperimentsEndTest Price IncreaseMarket ConditionsTest Price DecreaseMarket ConditionsSprocketsPrice, Cost, Quantity,Revenue, ProfitSprocketsPrice, Cost, Quantity,Revenue, ProfitIncrease PriceDecrease PriceNo ChangeSort byRevenueSelect theBest ResultsFilter Out'No Change'To Trigger Loop EndPrice TrendQuantity TrendExpected vs ActualRevenue TrendExpected vs ActualProfit TrendExpected vs ActualNo ChangeAll ExperimentResultsHistogram Chart(JFreeChart) Table Creator CustomerDistributions Simulate Market Column Filter Row Filter Math Formula Math Formula RecursiveLoop Start Recursive Loop End Simulate Market Simulate Market Row Filter Column Filter Row Filter Column Filter ConstantValue Column ConstantValue Column ConstantValue Column Sorter Row Filter Row Filter Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) ConstantValue Column Concatenate

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Created by: Berlin
Created at: 2018-05-21
On NodePit since: 2021-02-05
Last update: 2024-04-16
Created with KNIME version: v4.3.0

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