The Geographic Shredder node removes values from the Willingness To Pay (WTP) Matrix when Products are not available at the Geographic Location of the Customer.
This workflow shreds the demand Customers have for Products that are not accessible to them from their Location. Customers Located "Uptown" can only purchase Products that are Located either "Uptown" or "Global". As no Products are Located in the "Surburbs" these Customers can only purchase "Global" Products.
In the follow-up scenario, Cogswell Cogs opens a second Location in Midtown.
Uses the KNIME Extension: Market Simulation by Scientific Strategy - Community Edition
A comprehensive description of this workflow with step-by-step instructions can be found at the Scientific Strategy website:
https://scientificstrategy.com/cn-150/
External resources
Used extensions & nodes
Created with KNIME Analytics Platform version 4.3.0
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Market Simulation nodes by Scientific Strategy for KNIME - Community Edition
Decision Ready, LLC
Version 4.0.0
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