[Market Simulation] MS-193 Depreciation and Replacement

After a Customer purchases a Product they have it to consume and will not need to immediately buy it again. But over time the value of the 'old' Product drops due to wear-and-tear and other depreciation. Eventually it makes more sense for a Customer to purchase a new Product rather than continuing to use the old Product.

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/ms-193/

External resources

• [Market Simulation] MS-193 Depreciation and Replacement