PROJECT REPORT

of

BUSINESS MODELING WITH SPREADSHEETS

KMBA 351

SUBMITTED TO:- SUBMITTED BY:-

Dr. Manjeet Shah Uddeshya Saini

(Assistant Professor at GL Bajaj)
Batch :- BA9

Course :- MBA(BA)

Admission No:- MBB23069

Roll No:- 2301921570127

 Index
Page No.
Sr. No Table of Content

1. Headers/Footers, Cell Comments, Worksheet Protection, Writing Macros, Drop-Down

Lists, Form Controls

Error Checking, and Conditional Formatting, VBA Programming in Excel for

2.
Decision Support Systems

3. Excel modeling tools, Waiting Lines and Queuing Theory

4. Monte Carlo Simulation, Queuing Theory

5. Optimization with Excel Solver Problem formulation, use of solver, Sensitivity analysis

6. Applications include investment problem, inventory problem

7. Optimal product mix, workforce scheduling, assignment problem, transportation

problem

8. Estimating a Demand Curve with an exercise

9. Pricing Products by Using Tie-Ins with an exercise

10. Pricing Products by Using Subjectively Determined Demand with an exercise

11. Weibull and Beta Distributions: Modeling Machine Life and Duration of a Project,

12. Using the Lognormal Random Variable to Model Stock Prices, The Economic Order
Quantity Inventory Model, Inventory Modeling with Uncertain Demand
1. Headers/Footers, Cell Comments, Worksheet Protection, Writing
Macros, Drop-Down Lists, Form Controls
Header/Footer
Go to Insert-> Header & Footer

Cell Comments

Right-click the cell and then click Insert Comment (or press Shift+F2)
Worksheet Protection

Go to Review -> Protect Workbook-> Enter Password-> Press Ok

Writing Macros

Go to Developer tab -> Record Macro -> Macro Name -> shortcut Key -> Description -> Press ok
(to start recording) -> Perform The actions you want to automate -> Stop Recording
Fill the below detail

Click on Stop Recording

Drop-Down lists

1. Select the cells that you want to contain the lists.

2. On the ribbon, select DATA and choose. Data Validation.
 3. In the dialog box, set Allow to List.
4. Select the Source field and type the text or numbers for the
drop-down list, separate by commas. ...
5. Select OK.

Form Control

Go to developer -> click on insert -> From control

 2. Error Checking, and Conditional Formatting, VBA
Programming in Excel for Decision Support Systems

Error checking

select Formulas > Error checking > Error Checking.

Conditional formatting

Go to home tab -> click on conditional formatting -> select and manage the rule
VBA programming for decision system

Go to developer -> Visual Basic -> Insert -> Module -> Insert the code -> Run
Macros
3. Excel modeling tools, Waiting Lines and Queuing Theory
4. Monte Carlo Simulation, Queuing Theory

5. Optimization with Excel Solver Problem formulation, use of

solver, Sensitivity analysis
Sensitivity Analysis
6. Applications include investment problem, inventory problem

Investment Problem
Inventory Problem:-

7. Optimal product mix, workforce scheduling, assignment problem,

transportation problem

Workforce scheduling
Assignment Problem
Transportation Problem
8. Estimating a Demand Curve with an Exercise

The following case related to Total Admission in GL Bajaj College by the student in

respective year . Calculate the number of students who are going to take admission in

the year 2024, 2025, 2026 .

YEAR TOTAL ADMISSION

31-Mar-14 1156
31-Mar-15 2344
31-Mar-16 3443
31-Mar-17 3876
31-Mar-18 3998
31-Mar-19 4222
31-Mar-20 4500
31-Mar-21 5432
31-Mar-22 5988
31-Mar-23 6565
31-Mar-24 ?
31-Mar-25 ?
31-Mar-26 ?
9. Pricing Products by Using Tie-Ins with an exercise

Situation

NuWave wants to launch a new smartwatch, which will be one of their flagship products.
They plan to launch the watch with an OLED display.
They intend to first enter the market and gain at least 5% of the market share.

As a new player in the smartwatch market, they want to price the watch lower than their
competition (selling at ₹ 7,799).
To achieve 5% of the market share, NuWave needs to sell at least 1,800 units per day. Assume
NuWave can completely fulfill the demand for the day.

Complication

For NuWave to sell 1,800 smartwatches a day, they need to have a certain level of inventory.

Each smartwatch requires one OLED panel. For smooth production, they need to have its
stock as well.
NuWave can store only 2000 OLED panels in their own facility. To store more, they need a
warehouse, which will cost them ₹ 12,000/day. They can store 10,000 OLED panel units in one
warehouse.

The warehouse should not be underutilized.

Now, as a business analyst at NuWave, your job is to find out:

1. At what price should they sell one unit, to gain a 5% market share and earn at least a 2% profit
margin?
2. Minimum order quantity of panels at that price point so NuWave doesn't make a loss.
10. Pricing Products by Using Subjectively Determined Demand with
an exercise
Suppose that a drugstore pays $0.90 for each unit of ChapStick it orders. The store is
considering charging from $1.50 through $2.50 for a unit of ChapStick. It thinks that at a
price of $1.50, it
can sell 60 units per week. At a price of $2.00, it thinks it can sell 51 units per week and at a
price of $2.50, 20 units per week. To determine what price the store should charge for
ChapStick, perform the following steps.

Price Qty.
Point 1 1.5 60
Point 2 2 51
Point 3 2.5 20
11. Weibull and Beta Distributions: Modeling Machine Life and
Duration of a Project

Weibull Distribution
Beta Distribution (Duration of a project)
12. Using the Lognormal Random Variable to Model Stock
Prices, The Economic Order Quantity Inventory Model,
Inventory Modeling with Uncertain Demand
Example Stock Price Natural Log
01-01-23 $ 86,700 11.37020916
08-01-23 $ 64,200 11.06975849
15-01-23 $ 51,300 10.84544603
22-01-23 $ 37,500 10.53209621
29-01-23 $ 75,000 11.22524339
05-02-23 $ 39,000 10.57131693
12-02-23 $ 75,600 11.23321156
19-02-23 $ 33,900 10.43117029
26-02-23 $ 78,300 11.26830288
05-03-23 $ 66,000 11.09741002
12-03-23 $ 52,800 10.87426647
19-03-23 $ 80,700 11.29849385
26-03-23 $ 53,400 10.88556602
02-04-23 $ 65,400 11.08827754
09-04-23 $ 46,200 10.74073508
16-04-23 $ 87,300 11.37710574
23-04-23 $ 72,000 11.1844214
30-04-23 $ 69,000 11.14186178
07-05-23 $ 61,500 11.02679245
14-05-23 $ 85,200 11.35275671
21-05-23 $ 65,700 11.09285427
28-05-23 $ 84,600 11.34568955
04-06-23 $ 73,800 11.20911401
11-06-23 $ 47,400 10.76637751
18-06-23 $ 88,200 11.38736224
25-06-23 $ 65,100 11.08367983
02-07-23 $ 63,900 11.06507464
09-07-23 $ 63,900 11.06507464
16-07-23 $ 59,700 10.9970873
23-07-23 $ 79,800 11.28727878
30-07-23 $ 47,400 10.76637751
06-08-23 $ 47,700 10.77268668
13-08-23 $ 42,600 10.65960953
20-08-23 $ 88,500 11.39075783
27-08-23 $ 80,400 11.29476946
03-09-23 $ 67,500 11.11988288
10-09-23 $ 34,500 10.4487146
17-09-23 $ 35,700 10.48290597
24-09-23 $ 34,800 10.45737267
01-10-23 $ 45,600 10.72766367
08-10-23 $ 75,900 11.23717196
15-10-23 $ 71,100 11.17184262
22-10-23 $ 46,500 10.74720759
29-10-23 $ 36,300 10.49957302
05-11-23 $ 57,900 10.96647266
12-11-23 $ 56,400 10.94022444
19-11-23 $ 63,000 11.05089001
26-11-23 $ 43,800 10.68738911
03-12-23 $ 65,400 11.08827754
10-12-23 $ 56,700 10.94552949
17-12-23 $ 39,300 10.57897988
24-12-23 $ 45,000 10.71441777
31-12-23 $
67,200 11.11542853
hange
Economic Order Quantity
 Holding Cost Order Cost Material Cost Total Cost

Costs per Order Quantity

$2,000.00
$1,800.00
$1,600.00
$1,400.00
$1,200.00
$1,000.00
$800.00
$600.00
$400.00
$200.00
$0.00
0.00

200.00 400.00 600.00 800.00 1000.00

Order Quantity (Q)