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Excel Solver
Introduction
Solver : Solver is part of a suite of commands
sometimes called what-if analysis tools.
With Solver, you can find an optimal value for a
formula in one cell— called the target cell— on a
worksheet.
On Excel Menu,
choose
Tools
Add-Ins...
On Excel Menu,
choose
Tools
Add-Ins...
Put a Check in the
Box Next to ‘Solver
Add-in’
Using Solver
On Excel Menu,
choose
Tools
Solver
This brings up the
Solver Parameters
box which will be
discussed next.
The Objective
Function
The Objective
Function
The Decision
Variables
(optimal values
will be calculated
by Solver)
Setting Up the Problem in Excel
The Objective
Function
The Decision
Variables
The Constraints
Relationships
Solver Parameters
Add Constraint
Solver Solution
Time to process
Max Time: a running time required
Iterations, number of maximum iteration needed
Solver Options
Excel Solver: Options Button
Max time: How long Solver should work on the problem. Default 100
seconds, max 32,767 seconds (over nine hours!)