EMBRY MGMT221 Module 2 Assignment Module Review Practical Exercise Latest 2019 January Question # 00597075 Subject: Education Due on: 01/19/2019 Posted On: 01/19/2019 04:25 AM Tutorials: 1 Rating: 4.6/5

MGMT221
Introduction to Management Information Systems

Module 2 Assignment

Module Review Practical Exercise

A Decision Support System (DSS) is a tool utilized by
managers to make informed decisions. It is important to understand the roles
that DSSs serve in assisting executives and managers in evaluating business
processes and making decisions that will guide the future for enterprises.

In this activity, you will create a DSS component in the
form of a spreadsheet that will be utilized by the corporate Finance Department
Manager to reach structured decisions relating to aviation fuel purchasing
contracts. You will utilize the Microsoft Excel application to create the DSS.

Requirements

In this practical exercise, you are hypothetically employed
as the IT Department Manager at an imaginary Fixed Base Operator (FBO) located
in Somewhere, Kansas. You have been tasked to create a simple spreadsheet
utilizing the Microsoft Excel application that will be the primary component of
a Decision Support System (DSS).

The DSS spreadsheet 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, that is 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.

The following are the dashboard requirements:

Submit the DSS in a Microsoft Excel spreadsheet.

Submit two “MIN” and two “IF” functions.

Format cells with TWO decimal places.

Format the spreadsheet per the steps below.

Your document submission is due by the posted due date. Your
instructor will use the 2.4 Module Review: Practical Exercise Rubric below for
evaluating and grading your submission.

Save your assignment using a naming convention that includes
your first and last name and the activity number (or description). Do not add
punctuation or special characters.

Steps To Create Decision Support System

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 in
non-bold font:

Yellow Plains Fuel

Okie Stokie Fuel

Best Ever Fuel

Smith Bros Fuel

Wild West 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. The numerical values for
each type of fuel must be different.

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 nested IF functions, create a formula for the cell in
Column B, Row 9 that places the name of the vendor determined to have the “Best
Jet Fuel Price.”

Select Align Right for the data in the cell located at
Column B, Row 9.

Using nested IF functions, create a formula for the cell in
Column C. Row 12 that places the name of the vendor determined to have the
“Best Avgas Price.”

Select Align Right for the data in the cell located at
Column C, Row 12.

Select All Borders for the cells in Columns A, B, and C,
Rows 1 through 12.