Modelling Application
Modelling Application
The Downs
1. The model might not be an accurate
representation of the real world – so the
simulation might give misleading results.
2. Producing an effective model might be
time-consuming – and running the
simulation might require expensive
hardware and software.
Three Reasons why Spreadsheets make Good Models
1. Spreadsheets use formulas to try to describe the rules that a real world
object seems to follow. Input values can then be processed using these
formulas to produce output values.
3. The output can be in the form of graphs and charts to make the
predictions of the model easier to understand.
The sorts of what-if questions could be:
• 'If the cost of food rises by 10%, how much will that decrease the profit we
make for the school fete?“
• "If I reduce the number of staff in my business by two, what effect will that
have on the profit at the end of this month?"