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.
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:
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
n Row 1, create a header row with the following labels in bold font:
In Column A, Rows 2 through 6, list the following vendors in non-bold font:
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.
Using Functions and Formulas
The following video offers valuable tips on how to create nested IF functions: https://www.youtube.com/watch?time_continue=1&v=MtDGUHdS3VY
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more