Discussion 5 -

Part A 

Based on the content about spreadsheet modeling and your project assignment for this module:

1. Identify a work scenario where spreadsheet modeling and/or simulation may be beneficial (be sure to list specific details)
2. Identify what you are optimizing and what may be potential constraints
3. What are some potential issues when building and setting parameters for a model?

Part B 

Based on your Module topics, what did you find new and interesting?  And what appeared to be a review?  Also, identify at least one discussion post you found interesting, helpful, or beneficial (and why). 

Module 5 

Overview & Learning Objectives

Topics covered in this module

• Building good spreadsheet models
• What-if analysis
• Goal seek
• Scenario manager
• Sum
• Sumif
• Sumproduct
• Vlookup
• Auditing  spreadsheet models
• Predictive and prescriptive spreadsheet models
• Monte Carlo Simulation
• Risk analysis
• Inventory policy analysis
• Simulation modeling
• Simulation with dependent random variables
• Simulation considerations

Learning Objectives

By the end of this module, students should be able to:

• Build a mathematical model
• Use the following tools in Excel
  • goal seek
  • what if
  • scenario manager
  • sum
  • sumif
  • countif
  • sumproduct
  • vlookup
• Audit spreadsheet models
• Understand best and worst case scenarios for risk analysis
• Generate values for random variables with Excel
• Execute simulation trials with Excel
• Measure and analyzing simulation output