The Competitive Strategy Game (CSG) simulates eight Competitors competing in four different Markets. Part 02 of the Market Simulation which cracks the CSG involves running a Monte Carlo simulation to calculate the Profit-Maximizing-Price of the Focus Product given the publicly known Capacity Constraints of all the Competitors.
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/cs-142/
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 4.3.0
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