ICT REVIEW

In my personal opinion, I think my financial model worked very well and produced a successful product. The game was played during a year and it showed me how much money the park will make during a game year. There were certain formulas used in order to make the financial model of Vanilla Hills show the amount of money the park is about to make during year (game year). By using formulas such as AVERAGE, MAXIMUM, MINIMUM, IF STATEMENT and some others the model was able to predict the money the park will make during a year. For instance, the If statement is very helpful since it gives a result based on a prediction, by using the IF STATEMENT and changing the types of scenarios the model was able to show the amount of money the park will make. Calculating the profit and loss and making the cull turn to red or green was also good to show the amount of money since I could practically predict by the results of the financial model and by looking at the colors (green for profit and red for loss) whether I was going to win money throughout the year. By making a table with the predictions and the savings the model was able to show me whether I was going to win money or not and whether it was able to save a certain amount of money in certain aspects. My financial model helped me to show in an accurate way how my park is working and what would possibly happen in the future. Once again the use of formulas was very helpful to determine my parks current operation and the possible events that could happen in the future. The use of IF statement and conditional formatting was very useful since I was able to find out how my park will work in different situations. By using the Vlockup formula my model was able to predict me future situations since I was able to change my savings target according to the ride I was willing to save money and make my park earn more profit that losses; for instance with the Junior Coaster my model was able to show me that building the rollercoaster was a good idea since I was saving 5% and not losing any money at all. In my financial model I included all of the following of the features which helped my model turn into a successful model; Absolute ,Relative Cell Referencing, Conditional Formatting, Formula, IF Statement and Validation. In two main inputs variables such as; ride tickets and park entrance fees. You can see how the model work since the model is predicting the money that the park will earn in the next months (September-February) for instance; in park entrance fees the following amounts are given 10,12,15 and 12 dollars and in the some of the next moths the model predicts the values, then using formula SUM(:) the values of the month are added in order to see the total amount

earned during the month. Besides in order to see how the amounts in both variables changes there is an analysis which finds averages, maximum etc for the values, In other two main outputs variables such as staff wages and research the model records the values for the game year, then calculates the total amount of costs per month by using SUM(:). Afterwards, the model compares two quantities by subtracting both incomes and costs in order to find out if the month turned out to be: profit or loss. For example for May; the total income is $730 and the total cost is $711,6. The model then subtracts both quantities which then end up being a profit of $18.4. Based on my models results, building a new rollercoaster for my park would not be the best thing to do due to some aspects. Even though, by comparing and putting the values of the rides and the savings I would not lose a lot of money if I decide to build a new rollercoaster. Nevertheless, I dont think it is a good idea to build a new rollercoaster due to the loaning and to some other months where I end up losing. I think the best thing to do is to wait until my profits are more stabilized and I dont end up losing too many months in order to build a rollercoaster. Therefore the loaning taxes would be less and I would not lose too many months, my profits would be more than my losses.