Program Overview Who Succeeds Career Paths Co-op Opportunities Resources/Links Management Information Systems (MIS) Program Overview Management Information Systems is the merging of the business world with the need for technology to succeed. While technology continues to advance and change, it is only useful in business when developed in the context of how it will be utilized. It does a company no good to bring in the latest software or create new systems if they do not increase
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Source: S. G. Powell and K. R. Baker, 2004. The Art of Modeling with Spreadsheets. New York: Wiley & Sons. Copyright © 2004 by John Wiley & Sons, Inc CHAPTER 1 INTRODUCTION MODELS AND MODELING Modeling is the process of creating a simplified representation of reality and working with this representation in order to understand or control some aspect of the world. While this book is devoted to mathematical models, modeling itself is a ubiquitous human activity. In fact, it seems to be
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Sensitivity Analysis Using Data Tables In Excel A data table in Excel is a kind of What-If scenario. The table allows you to create instant results based on two variables which change along the rows and columns of the table. Let’s say we’re trying to predict the number of periods until a currently unprofitable company becomes profitable. We have a goal for managing expense growth rates and a goal for increasing sales growth rates but of course, we don’t know whether or not we’ll hit our targets
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Interpretation of Modeling and Simulation Can there be a better fit for a company out there that uses Microsoft Excel to conduct modeling to simulate their business growth other than Microsoft itself? Microsoft has made billions of dollars selling their Microsoft Office Suites and their home computer operating systems around the world. They have become one of the largest and well known companies in the world. The way that I see it, is that Microsoft’s business model, in a nutshell, is
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Monte Carlo Simulation Tutorial This tutorial shows how to use Microsoft Excel to develop Monte Carlo simulations without the use of add-ins or special software (such as @RISK or Crystal Ball). (Note, however, that there are some important advantages of using these dedicated software packages.) After completing the tutorial you should have a sufficient understanding of Monte Carlo concepts and Excel capabilities to begin building your own Monte Carlo simulations applied to a wide range of business
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versus their current database, Microsoft Excel. Team B will explain the usefulness of converting data currently held in Microsoft Excel into a relational database using Microsoft Access. Team B will also introduce types of collaborative software; how this software can improve communications and streamline work processes. Microsoft Excel Microsoft Excel is the most used spreadsheet program (Grauer, Poatsy, Mulbery, Hulett, Krebs, & Mast, 2011). In Excel, a worksheet is a single spreadsheet that
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Proposal For Microsoft Office ® Training Prepared for ------------------------------------------------- Prepared By: September 22, 2014 ------------------------------------------------- Confidentiality Notice This document, and any attachments thereto, regardless of form or medium, is intended only for use by the addressee(s) and may contain legally privileged and/or confidential, copyrighted, trademarked, patented or otherwise restricted
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For use with MS Excel 98, 2000, 2001, XP Microsoft Excel: Exercise 1 Entering Information In this exercise: Understanding rows and columns Typing and editing text in a cell Formatting text in a cell Using the series fill handle 1. Click in the first cell. This is called cell A1 (because it is in row 1 and column A) 2. Type your first name. See how your name shows up in the cell and in the Formula bar. This is the formula bar This is cell A1 3. Press the ENTER key
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(fixed) cost during the year, but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability for the four products. You will need to create an excel spreadsheet or working paper to show your calculations and formulas. 2. If any product is unprofitable with this cost assignment, drop this product from the mix. Recalculate the overhead rate based on the new total direct labor hours remaining
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1. Deleting the data and clearing the row. Deleting Cells and Data in Excel 2007 In Microsoft Office Excel 2007, when you need to delete data, remove formatting in a cell selection, or remove entire cells, rows, or columns, you have many options depending on your objective. Excel can perform two kinds of cell deletions in a worksheet: clearing cell data and deleting the cell. Clearing cell contents Clearing just deletes or empties the cell’s contents or formatting without removing the cell
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