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BB-102 Monopoly Distributions v05

[Building Blocks] BB-102 Monopoly Distributions
Building Blocks (BB-102) - Monopoly Distributions - Weibull DistributionA slightly more realistic set of Customers with Willingness To Pay (WTP) for'Sprockets' based upon the Weibull Continuous Probability Distribution. This typeof Customer Distribution may be preferred when it would be unrealistic forCustomers to place a negative value on a Product (like the Normal Distribution inBB-101). Building Blocks (BB-102) - Monopoly Distributions - Simple BimodalIn this example, a 'Simple Bimodal' (two-humped) Willingness To Pay (WTP)Customer Distribution was used. The Simple Bimodal has a First Mean of 50, aSecond Mean of 150, and a Standard Deviaiton (SD) from both peaks of 25.Chart Customer WTPas a HistogramMarketSimulationProductArrayChart BuyerConsumer SurplusRemove 'No Sale"CustomersChart Price vs ProfitDemand CurveMarketShareWillingnessTo Pay (WTP)of CustomersWillingnessTo Pay (WTP)of CustomersMarketShareMarketSimulationProductArrayRemove 'No Sale"CustomersChart Price vs ProfitDemand CurveChart Customer WTPas a HistogramChart BuyerConsumer Surplus Histogram Chart(JFreeChart) Profit Engine Table Creator Histogram Chart(JFreeChart) Row Filter Scatter Plot(JFreeChart) GroupBy Bar Chart(JFreeChart) CustomerDistributions CustomerDistributions GroupBy Bar Chart(JFreeChart) Profit Engine Table Creator Row Filter Scatter Plot(JFreeChart) Histogram Chart(JFreeChart) Histogram Chart(JFreeChart) Building Blocks (BB-102) - Monopoly Distributions - Weibull DistributionA slightly more realistic set of Customers with Willingness To Pay (WTP) for'Sprockets' based upon the Weibull Continuous Probability Distribution. This typeof Customer Distribution may be preferred when it would be unrealistic forCustomers to place a negative value on a Product (like the Normal Distribution inBB-101). Building Blocks (BB-102) - Monopoly Distributions - Simple BimodalIn this example, a 'Simple Bimodal' (two-humped) Willingness To Pay (WTP)Customer Distribution was used. The Simple Bimodal has a First Mean of 50, aSecond Mean of 150, and a Standard Deviaiton (SD) from both peaks of 25.Chart Customer WTPas a HistogramMarketSimulationProductArrayChart BuyerConsumer SurplusRemove 'No Sale"CustomersChart Price vs ProfitDemand CurveMarketShareWillingnessTo Pay (WTP)of CustomersWillingnessTo Pay (WTP)of CustomersMarketShareMarketSimulationProductArrayRemove 'No Sale"CustomersChart Price vs ProfitDemand CurveChart Customer WTPas a HistogramChart BuyerConsumer SurplusHistogram Chart(JFreeChart) Profit Engine Table Creator Histogram Chart(JFreeChart) Row Filter Scatter Plot(JFreeChart) GroupBy Bar Chart(JFreeChart) CustomerDistributions CustomerDistributions GroupBy Bar Chart(JFreeChart) Profit Engine Table Creator Row Filter Scatter Plot(JFreeChart) Histogram Chart(JFreeChart) Histogram Chart(JFreeChart)

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Created by: Berlin
Created at: 2018-05-21
On NodePit since: 2021-02-05
Last update: 2024-11-23
Created with KNIME version: v4.3.0

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