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  • In Solver - Set Cell B13 To A Maximum by Varying Cell E6

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    Anonymous YMN7V7X
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    This document provides instructions for using Microsoft Solver to optimize an optimization problem with an unknown price per pound. It involves entering a starting estimate for the unknown price in cell E6, using a formula to calculate total quantity in cell B10 based on constants in cells B6, D6 and the price in E6, calculating total revenues by multiplying quantity and price, and using Solver to set cell B13 to a maximum by varying the price per pound in cell E6.

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    _d80570ae23b0cb9ff83abf26c0deb717_Solver_optimization_example_1_.xlsx

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    This document provides instructions for using Microsoft Solver to optimize an optimization problem with an unknown price per pound. It involves entering a starting estimate for the unknown price in cell E6, using a formula to calculate total quantity in cell B10 based on constants in cells B6, D6 and the price in E6, calculating total revenues by multiplying quantity and price, and using Solver to set cell B13 to a maximum by varying the price per pound in cell E6.

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    © All Rights Reserved
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    4 views2 pages

    In Solver - Set Cell B13 To A Maximum by Varying Cell E6

    Uploaded by

    Anonymous YMN7V7X
    This document provides instructions for using Microsoft Solver to optimize an optimization problem with an unknown price per pound. It involves entering a starting estimate for the unknown price in cell E6, using a formula to calculate total quantity in cell B10 based on constants in cells B6, D6 and the price in E6, calculating total revenues by multiplying quantity and price, and using Solver to set cell B13 to a maximum by varying the price per pound in cell E6.

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    © All Rights Reserved
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    How to do an optimization problem using MS Solver

    GIVEN the formula: quantity in pounds [B10] = (constant [B6]) - ((constant [D6])*(unkno

    60000 1500 10
    enter a starting number - a rough estimate, in the price per pound cell - here $10

    total quantity
    45000

    total revenues = total quantity [B10] multiplied by price per pound [E6]
    $450,000

    In solver - set cell B13 to a maximum by varying cell E6


    - ((constant [D6])*(unknown price per pound [E6]))

    nd cell - here $10

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