Need help creating a price chart with three factors

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Discussion Overview

The discussion centers around creating a pricing chart for a new product that incorporates three determining factors: hospital bed size, admissions rate, and the total number of active nurses and doctors. Participants explore how to visualize this data effectively, considering the complexity of multiple variables.

Discussion Character

  • Exploratory
  • Technical explanation
  • Conceptual clarification

Main Points Raised

  • One participant suggests that the chart resembles a heat map, where each specific combination of factors could yield a unique price.
  • Another participant notes that the pantyhose sizing chart only accounts for two variables and questions how to incorporate a third variable into the pricing model.
  • There is mention of using Google Fusion Tables as a potential tool for visualizing the data.
  • A participant proposes that a 3D heat map could be an option, but emphasizes that the best visualization method depends on the specific data characteristics.
  • Using an Excel pivot table is suggested as a simpler method to manage and visualize the data, allowing for filtering to represent the third dimension.

Areas of Agreement / Disagreement

Participants express differing views on the best method to visualize the pricing data, with no consensus on a single approach. Some propose heat maps while others suggest pivot tables, indicating a variety of potential solutions without agreement on the most effective one.

Contextual Notes

The discussion does not resolve the specific requirements for the chart or the limitations of the proposed methods, leaving open questions about the data structure and visualization needs.

Who May Find This Useful

This discussion may be useful for individuals interested in data visualization techniques, particularly in contexts involving multiple variables and pricing strategies.

Copperhead
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Hello Physics Forum Members,

This is my first post. I am an executive who needs help with something that will likely be a very simple matter to the majority of you and I simply didn't trust a resource like Yahoo! Answers.

My challenge is to come up with a pricing plan for a new product. However, price is determined by several factors and I need to know how to calculate and display the price in a simplistic way.

Factors that determine price:
Hospital bed size
Admissions Rate
Total Number of Active Nurses and Doctors

The idea hit me on the way to work this morning that this chart looks very similar to the pantyhose sizing chart (yes I'm a woman). It's not linear. There's overlapping and different combinations produce different prices. http://kneesntoes.com/skin/frontend/default/modern/images/catalog/product/melas-pantyhose-size-chart.jpg

Is there a specific name for this type of chart?
Is there an open-source application that would allow me to plug in the data and create the chart?

Sorry for such a mundane posting, but I would really appreciate the power of the collective genius found in a forum like this to assist me with this challenge.
 
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The chart looks very simple to me, each specific height and weight has one size. If I had to call that something I would simple call it a Heat Map. But it is just a simple grid where each cell has one specific value.
 
Thank you Diffy. The challenge is the pantyhose chart only accounts for two variables - height and weight. Our pricing has three variables. How/where would I incorporate the third variable?Googling heat maps...

It looks like I might be able to use Google Fusion Tables to create a visual.
 
Last edited:
Yes, there are ways to do a 3D heat map.

But there may be easier, better ways to visualize your information. It just depends on what your data actually looks like.

A simple filter in an excel pivot table can provide slices of a third dimensions, or nested columns or rows.

It's very hard to say what the best approach is. It always depends on the data.
 
Thank you Diffy. I will look closely at the Excel pivot table.
 

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