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.
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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 (Samuel Aryertey )and the activity number (or description). Do not add punctuation or special characters.