For an initial FFS of 1.0, it would be:
Reciprocal of published range / actual range x fuel flow scalar.
So if the published plane range is say 2000 miles and you actually fly 3000 miles, the it would be the reciprocal of 2000/3000x1 - in other words 1.49. So the FFS would then be re-set to 1.49. This means that the plane is now using 1.49x as much fuel and therefore goes 2/3 the distance on it.
You can then test it out to make sure it's accurate. It'll be pretty accurate to two decimal places, which I guess is all you need as real world weather, speed etc. will make any more accuracy almost irrelevant.
