Icon

CS-103 Rise of the Microbrew - Part 03 End Local Monopoly v05

[Case Studies] CS-103 Rise of the Microbrew - Part 03 End Local Monopoly (National Distribution)
Case Study (CS-103) - Rise of the Microbrew - Part 03:End Local MonopolyThis Market Simulation workflow follows the Case Study presentation and whitepaper called "Rise of the Microbrew".This Market Simulation models the USA Beer Industry in the mid-1800's whenrailways and refrigerated boxcars reduced the market power of local monopolies. Itis now more convenient for Customers to get the beer they prefer rather than beingforced to buy from the local monopoly brewer. Product 01 Price is high $1.20Product 02 Price is low $0.80 Note that Quantity / Revenue / Profit all goUP before they go down. This is becaus theextra convenience brings more Customersinto the Market. But soon competition takesover and the cheapest Product wins.Customer Willingness To PayWTP for BeerProduct 01 GeographyCustomer Lost ValueTravel DistanceProduct 02 GeographyCustomer Lost ValueTravel DistanceBeerProductsProductFeatures Changed PriceMaximumInconvenienceOver 51 yearsSimulateMarketLoop ChangingMaximum_InconvenienceExcludeNo SaleProduct 01Product 02Product 01Quantity TrendProduct 01Revenue TrendProduct 01Profit TrendProduct 02Profit TrendProduct 02Revenue TrendProduct 02Quantity TrendGeographyFeaturesAllFeaturesChangingMaximum_Inconvenience CustomerDistributions CustomerDistributions CustomerDistributions Product Generator Table Creator CustomerDistributions Simulate Market Loop End Row Splitter Row Splitter Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Column Appender Column Appender Table Row ToVariable Loop Start Case Study (CS-103) - Rise of the Microbrew - Part 03:End Local MonopolyThis Market Simulation workflow follows the Case Study presentation and whitepaper called "Rise of the Microbrew".This Market Simulation models the USA Beer Industry in the mid-1800's whenrailways and refrigerated boxcars reduced the market power of local monopolies. Itis now more convenient for Customers to get the beer they prefer rather than beingforced to buy from the local monopoly brewer. Product 01 Price is high $1.20Product 02 Price is low $0.80 Note that Quantity / Revenue / Profit all goUP before they go down. This is becaus theextra convenience brings more Customersinto the Market. But soon competition takesover and the cheapest Product wins.Customer Willingness To PayWTP for BeerProduct 01 GeographyCustomer Lost ValueTravel DistanceProduct 02 GeographyCustomer Lost ValueTravel DistanceBeerProductsProductFeatures Changed PriceMaximumInconvenienceOver 51 yearsSimulateMarketLoop ChangingMaximum_InconvenienceExcludeNo SaleProduct 01Product 02Product 01Quantity TrendProduct 01Revenue TrendProduct 01Profit TrendProduct 02Profit TrendProduct 02Revenue TrendProduct 02Quantity TrendGeographyFeaturesAllFeaturesChangingMaximum_InconvenienceCustomerDistributions CustomerDistributions CustomerDistributions Product Generator Table Creator CustomerDistributions Simulate Market Loop End Row Splitter Row Splitter Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Line Chart(JFreeChart) Column Appender Column Appender Table Row ToVariable Loop Start

Nodes

Extensions

Links

Download

To use this workflow in KNIME, download it from the below URL and open it in KNIME:

Download Workflow
Created by: Berlin
Created at: 2018-05-28
On NodePit since: 2021-02-05
Last update: 2024-05-01
Created with KNIME version: v4.3.0

Deploy, schedule, execute, and monitor your KNIME workflows locally, in the cloud or on-premises – with our brand new NodePit Runner.

Try NodePit Runner!