CRICOS Provider No. 00103D Page 1 of 5ITECH1100 Understanding the Digital RevolutionAssignment 1 - Fiction BoomerangOverviewFor this individual assignment, you will use skills acquired through practical laboratory exercises toautomate a business process, and to visualize the impact of the automation.You should use Microsoft Excel (or equivalent open-source software) for this assessment task.Important: This assignment specification is generated just for you. Do not distribute this specification.Timelines and ExpectationsPercentage value of task: 20%Due: Sunday, Week 6, 16:00 (See Course Description for date)Learning Outcomes AssessedThe following course learning outcomes are assessed by completing this assessment:A1. Prepare a basic solution to a business problem;A2. Select appropriate IT solutions for business functions;A3. Apply business information software for data visualization and analysis purposes.S1. Write basic programming logic;S3. Interpret and construct representations of business data flow and processes;K8. Outline the basic principles of programming.Assessment DetailsFiction Boomerang is a small second-hand book shop, run by a team of three staff members: Angela,Bertha, and Charlotte.For this assignment, you will complete the following set of tasks using Excel, and build an ePortfolio page todescribe your work.Task 0 - Setting upCreate an ePortfolio page for your assignment. You will submit this page to Moodle as per the lab tasks.You may call it whatever you like, for example ITECH1100 Assignment 1 - 30350781.Hours of operationMost of the time, each team member works separate shifts:Angela works 9:00 AM to 12:30 PM, Monday, Tuesday and Wednesday;Bertha works 9:00 AM to 12:30 PM, Thursday, Friday and Saturday; andCharlotte works 12:30 PM to 5:30 PM, Monday to Friday.The shop runs from 9:00 AM to 5:30 PM each day, except Saturday when it closes at 12:30. It is closedentirely on Sundays.CRICOS Provider No. 00103D Page 2 of 5CostsAngela and Bertha are the semi-retired co-owners of the bookshop, and do not take a salary.Charlotte, however, is a part-time employee, with total employment costs of $22 per hour. Charlotte is alsoentitled to four weeks of paid annual leave, during which a casual replacement is required at a cost of $33per hour.Fixed costs such as rent and insurance are $2900 per year, and utilities costs are $140 per month.Task 1 - Costs of operating the businessUsing Excel, create a spreadsheet called operating_costs.xlsx that calculates the projected annual outgoingcosts of running Fiction Boomerang.Your spreadsheet should be configured such that the working hours, hourly rates, and fixed and utility costscan be varied easily.Document your findings in your ePortfolio page (approximately 100 words).Obtaining BooksThroughout the day, customers come to Fiction Boomerang to buy books, and occasionally to sell them.When people bring in books to sell to Fiction Boomerang, the staff member on duty will review the booksand make an offer for each one individually.Currently, the process for determining how much the book shop will pay for a book is entirely subjective.Staff members offer an amount per book based on the quality of the book, and how popular they think it is,and how they are feeling at the time.The sale amount is always simply double the amount paid and is set at the same time - if FictionBoomerang pays $3.00 for a book, they will put it on sale with a marked price of $6.00.(Fiction Boomerang does not deal in rare or antique books)For several months, staff have been keeping track of the date and time, quality, publication year andamount paid for each book in a spreadsheet. This spreadsheet is available for download on Moodle.Task 2 - Sales team offersUsing Excel, process the history of purchases spreadsheet and use appropriate charts to visualize:How the prices paid differed for each staff member; andHow the prices paid have changed over timeDescribe your findings in your ePortfolio (approximately 250 words), and attach the Excel file to your page.Process automationAngela and Bertha want to improve the consistency of how they pay for and price books.They'd like to standardize on three standard price offers, and have designed the following process todetermine how to allocate them, including the option of rejecting the book altogether.CRICOS Provider No. 00103D Page 3 of 5The staff have already agreed on how to determine whether a book is terrible, poor, or good.Book purchaseCustomerBook offered DoneEvaluate offerBook shopAssessquality RejectTerribleAssesspublication dateOfferlow pricePoorGoodOlder than15 yearsOffer mediumpriceCheck ishardcover15 yearsor newerPaperbackOffer high priceHardcoverTask 3 - AutomationUsing Excel, create a spreadsheet page that automates the above process, allowing a member of the teamto enter whether the book is hardcover, its publication year, and its condition, and receive a price to offer.Ensure that you include enough text and formatting to make your spreadsheet usable by a member of theFiction Boomerang team, or by a University lecturer.Your spreadsheet should be configured such that the Low, Medium and High prices can be varied easily.Describe how you automated the process (approx 150 words), and attach your Excel file to your ePortfolio.Task 4 - Price settingUsing Excel and the historical data you have available, determine sets of prices which meet the objectivesof the following scenarios:Scenario one: Total offer prices are approximately the same as for the historical dataScenario two: Assuming all books purchased are sold, allow all staff to draw the same wage asCharlotte.CRICOS Provider No. 00103D Page 4 of 5Describe the strategy you used to find appropriate prices for each scenario (approximately 150 words).Ensure that the Low price is less than the Medium price, and both are less than the High price.Bonus challenge task (optional!)Disclaimer: This task is 100% optional, and you can receive full marks without attempting or completing it.It is intended to be a challenge if you are interested in such things, and the marks available do not reflectthe significant research and effort required to implement it correctly. Tutors will not provide significantassistance for this challenge task.Optional task 5Reimplement Task 1 and Task 3 using either Python or HTML+JavaScript.Write a brief overview of how to run your solution, and attach a zip file containing your code to yourePortfolio page.There are no partial marks awarded for this bonus task - you must complete all features to attain thebonus marks.It is possible to attain full marks for this assignment without completing this challenge task.Further detailsAssignment supportThis assignment is supported by the first 6 lectures and labs. Work on the assignment should be spreadover several weeks after the relevant lab has been mastered.SubmissionAll files should be submitted to Moodle by the due date and time. Check with your tutor as to whether ahard copy is required in addition to the electronic submission.Marking Criteria/RubricRefer to the attached marking guide.FeedbackFeedback will be supplied through Moodle. Authoritative marks will be published through fdlMarksPlagiarismPlagiarism is the presentation of the expressed thought or work of another person as though it is one's ownwithout properly acknowledging that person. You must not allow other students to copy your work and musttake care to safeguard against this happening. More information about the plagiarism policy and procedurefor the university can be found athttp://federation.edu.au/students/learning-and-study/online-help-with/plagiarism.CRICOS Provider No. 00103D Page 5 of 5Marking Guide: Assignment 1Feature Criteria Maximum ObtainedOperating costsAppropriate projection calculation 2Configurable hours, rates, fixed annual and monthlycosts 2Description of findings 1Uses hand-calculated values (-1)Sales team offersVisualization of prices offered per staff member 2Visualization of change in prices over time 2Description of findings 1AutomationSpreadsheet accurately models the BPMN process 4Description of automation 1Unclear instructions (-1)Price settingAppropriate Low, Medium and High prices for scenario1 2Appropriate Low, Medium and High prices for scenario2 2Description of strategy 1Bonus optionalchallenge taskFaithful reimplementation of tasks 1 and 3 usingPython or HTML+JavaScript (+2)Total: 20