Stage 8 (2023) “Vlookie Expands”


This is an actual case study that was presented to the participants of the Financial Modeling World Cup 2023, Stage 8 (November 17-20).

Case description:

This case is a spin-off from the “Vlookie the Gold Miner” Excel esports case that was played in Round 3 of the Microsoft Excel World Championship this year (MEWC 2023).

Vlookie is a little dwarf who likes to work in a mine. In the original case (the one that was played during the 3rd round of MEWC 2023) Vlookie worked in a mine himself (or sometimes he was also helped by his brother Xlookie).

Several years have passed since that time and now in this case study Vlookie is an owner of a mining business, VGM Inc. He hires miners to extract minerals, buys extraction machines, bears all the associated expenses and pays a concession fee to the government.

The downloadable file consists of the following:
Task: PDF file with Case Materials; PDF file with Questions; Excel file with Case Assumptions
Solution: Excel file with full Solution Model; PDF file with correct Answers in Bold