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MGMT221 Module 2.5 Module Review Part 2 Practical Exercise Latest 2017 April

Question
Module Review Practical Exercise Deliverable

Module_review_icon.jpgFor Part 2 of the Module Review activity, you will submit a Microsoft Excel® spreadsheet. Your instructor will use the rubric attached to this assignment to grade your work.

As part of this assignment, you will create a Decision Support System (DSS) using Excel. The Excel spreadsheet software is available through the Microsoft® Office 365 software suite provided by ERAU. Use the ERAU Software Downloads (Links to an external site.) link to download Microsoft® Office 365 (you will need to sign into ERNIE).

Part 2 Module Review Practical Exercise

DSS Spreadsheet Example.jpgIn this practical assignment, you are to create a simple spreadsheet utilizing Excel or a compatible application that will be the primary component of your DSS. You are the IT Department Manager employed by an imaginary Fixed Base Operator (FBO) located in Somewhere, Kansas.

The DSS that you create will be utilized by the Corporate Finance Department Manager to reach structured decisions relating to aviation fuel purchasing contracts. To be able to arrive at those decisions, the manager needs data that represents the pricing for two distinct types of aviation fuel, Jet Fuel and Avgas available from the five different vendors with which the company has accounts. The DSS should present the lowest pricing in U.S. dollars for each of the two types of aviation fuel along with the vendors that offer that pricing.

In Row 1, create a header row with the following labels in bold font:

Column A: Vendor Name

Column B: Jet Fuel Price

Column C: Avgas Price

In Column A, Rows 2 through 6, list the following vendors:

ABC Fuel

Midwest Fuel

Texas Wildcat Fuel

KC Fuel

In Columns B and C, Rows 2 through 6, enter imaginary pricing values for all vendors and both types of fuel, keeping the range of values between \$5.00 and \$10.00 for each type of fuel.

Format the cells in Columns B and C, Rows 2 through 6 as “Currency” with two decimal places.

Label the cell in Column A, Row 8, “Best Jet Fuel Price” in bold font. Label the cell in Column A, Row 9, “Jet Fuel Vendor” in bold font.

Label the cell in Column A, Row 11, “Best Avgas Price” in bold font.

Label the cell in Column A, Row 12, “Avgas Vendor” in bold font.

Using Functions and Formulas

Using the MIN function, create a formula for the cell located in Column B, Row 8 that calculates the lowest value for the Jet Fuel pricing available from the five vendors.

Using the MIN function, create a formula for the cell located in Column C, Row 11 that calculates the lowest value for the Avgas pricing available from the five vendors.

Using the “IF” function, create a formula for the cell in Column B, Row 9 that places the name of the “winning” vendor for the “Best Jet Fuel Price.”

The following video offers valuable tips on how to use a nested “IF” function to create a DSS spreadsheet formula: