In 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.
Create your DSS spreadsheet utilizing the following steps:
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
Royal Canadian 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 nested “IF” functions, 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.”