Decision Support System (DSS) tool
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