Hey, I'm working on the model and I've also listed the probable questions. Having a
really tough time out here to solve the model. How do you find out the cost of tickets?
The Number sold column in the CostRevenue sheet says #N/A and has the following formula
=VLOOKUP(E8/INDEX(Distances!$A$6:$G$12,MATCH(B8,Distances!$A$6:$A$12,0),MATCH
(C8,Distances!$A$6:$G$6,0)),Passengers!$A$8:$C$108,IF(D8="Short Haul",2,3)). Is it
supposed to show 366? Another thing, what is the current fuel cost/litre? I have entered
the following formula for Weekly Profit. It is =IF(D8="Short Haul",M8*7,M8*2). Anyone
please help. And the probable questions are:
Activity 1
• Summarize and list key facts relevant to the problem you have to solve.
• Outline the decisions you have to make.
• Identify any restrictions.
• State any assumptions you are making.
Activity 2
• List the factors that could make the model different.
• Explain how you propose to use the datasets.
• State what information the datasets supply and why they are needed by the model.
• Identify which data file you are going to use and justify your decision.
• There are several factors that have not been taken into account in the
compilation of the data. List these factors.
Activity 4
Write a report describing your recommendation. The report should include:
• A suitable title.
• Brief introduction and description.
• Your recommendation.
• A justification of your recommendation.
• Any other factors that may need to be taken into account.
• The decisions you came to.
• An explanation of why you made these decisions.
• At least one chart or graph.
• A concluding statement.
Activity 5
Write an evaluation of the model considering:
• How well you thought it performed
• What else you would like it to do and how would you achieve this.
• What other data may be needed to improve the model and how you would collect this
data.