Tuesday, April 10, 2012

Excel Solver :


As I study the solver, I feel this is elder brother of Goal Seek in Excel ,where we can change only one value with Goal seek , Using Solver we can provide many cell for adjusting value as per our scenario , Below is the Parameter required to solver ,
We can add many scenario to see different analysis,

Using Spreadsheets.  Spreadsheets such as Microsoft Excel provide a convenient way to build such a model.  Cells on a worksheet can hold numbers, labels, or formulas that calculate new values.
  • The decision variables for a model are simply worksheet cells containing numbers that Solver can change.
  • The objective is a cell containing a formula you want Solver to maximize (or minimize) by adjusting the values of the decision variable cells.
  • Constraints are logical conditions on formula cells that must be satisfied (specified with <=, = or >= relations). Frontline's various Solver products provide powerful tools for solving, or optimizing, such models.
 Scree shot of Solver :


So, in the example Range A9 is an objective which  has a formula to do some calculation based on arguments provided as reference, Range A1:A8 are the static values which we are need to change by solver, By Pressing Add it will ask for range associated with some logical condition [<=] , after add the Constraints ,Press solve it will adjust the value of All cells to get the final result as you specified in ValueOf parameter.


Thanks for reading .. 

                                     



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