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BB-113 Commodity Competitive Loop v05

[Building Blocks] BB-113 Commodity Competitive Loop (Bertrand Paradox)
Building Blocks (BB-113) - Commodity Competitive LoopTwo 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. The Price War takes place over a number ofiterations controlled by a loop. 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 --> $102.25 Summary of Results:Each Competitor is lowering Price expecting greater Profitability. The Quantity Soldand Revenue do climb upward because there are so many 'No Sale' Customerswho start purchasing Sprockets. But the expected Profit declines at each iteration.The final iteration shows the Actual Quantity, Revenue, and Profit.OptimizeSpacely SprocketsWillingnessTo Pay (WTP)of CustomersProductArrayCompetitiveRivalsOptimizeCogswell CogsGet Optimized PricesSpacely SprocketsGet Optimized PricesCogswell CogsRe-createMarketStart LoopPrice WarEnd LoopPrice WarProductCostPriceProductCostPriceGet LastPricesProductCostPriceBring LastIteration to TopFinal MarketConditionsRemoveIteration ColumnAdd FinalResultsRemoveNo SaleSpacely SprocketsResultsCogswell CogsResultsPrice TrendQuantity TrendExpected vs ActualRevenue TrendExpected vs ActualProfit TrendExpected vs Actual Profit Engine CustomerDistributions Product Generator Table Creator Profit Engine Row Filter Row Filter Concatenate RecursiveLoop Start Recursive Loop End Column Filter Column Filter Row Filter Column Filter Sorter Profit Engine Column Filter Concatenate Row Filter Row Filter Row Filter Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Building Blocks (BB-113) - Commodity Competitive LoopTwo 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. The Price War takes place over a number ofiterations controlled by a loop. 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 --> $102.25 Summary of Results:Each Competitor is lowering Price expecting greater Profitability. The Quantity Soldand Revenue do climb upward because there are so many 'No Sale' Customerswho start purchasing Sprockets. But the expected Profit declines at each iteration.The final iteration shows the Actual Quantity, Revenue, and Profit.OptimizeSpacely SprocketsWillingnessTo Pay (WTP)of CustomersProductArrayCompetitiveRivalsOptimizeCogswell CogsGet Optimized PricesSpacely SprocketsGet Optimized PricesCogswell CogsRe-createMarketStart LoopPrice WarEnd LoopPrice WarProductCostPriceProductCostPriceGet LastPricesProductCostPriceBring LastIteration to TopFinal MarketConditionsRemoveIteration ColumnAdd FinalResultsRemoveNo SaleSpacely SprocketsResultsCogswell CogsResultsPrice TrendQuantity TrendExpected vs ActualRevenue TrendExpected vs ActualProfit TrendExpected vs ActualProfit Engine CustomerDistributions Product Generator Table Creator Profit Engine Row Filter Row Filter Concatenate RecursiveLoop Start Recursive Loop End Column Filter Column Filter Row Filter Column Filter Sorter Profit Engine Column Filter Concatenate Row Filter Row Filter Row Filter Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart)

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Created by: Berlin
Created at: 2018-05-23
On NodePit since: 2021-02-05
Last update: 2024-11-17
Created with KNIME version: v4.3.0

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