The popularity of spreadsheets in both business and academia hasincreased considerably over the past five years. This new editionof a successful textbook will be thoroughly updated to reflectchanging practices and technology. This text adopts an active learning approach with the emphasisbeing placed on the utilization of software tools to help buildmodels. The book?s primary approach is to help the reader puttheory into practice. The ?learn by example? approachused throughout the book guides the user through the complexitiesof model building. Every day examples from business and operationsmanagement form the basis of the book?s ?handson? development models that help the reader to appreciateExcel?s power and flexibility.