- February 23, 2018
- Posted by: OLC Learning
- Category: Master Class
Excel Solver Add-In
Solver is a Microsoft Excel add-in program you can use for what-if analysis. Use Solver to find an optimal (maximum or minimum) value for a formula in one cell — called the objective cell — subject to constraints, or limits, on the values of other formula cells on a worksheet. Solver works with a group of cells, called decision variables or simply variable cells that are used in computing the formulas in the objective and constraint cells. Solver adjusts the values in the decision variable cells to satisfy the limits on constraint cells and produce the result you want for the objective cell.
Put simply, you can use Solver to determine the maximum or minimum value of one cell by changing other cells. For example, you can change the amount of your projected advertising budget and see the effect on your projected profit amount.
How to Activate Solver in Excel 2010 or later versions
- In Excel 2010 and later, go to File > Options
Note: For Excel 2007, click the Microsoft Office Button , and then click Excel Options.
- Click Add-Ins, and then in the Manage box, select Excel Add-ins.
- Click Go.
- In the Add-Ins available box, select the Solver Add-in check box, and then click OK.
- If the Solver Add-in is not listed in the Add-Ins available box, click Browse to locate the add-in.
- If you get prompted that the Solver Add-in is not currently installed on your computer, click Yes to install it.
After you load the Solver Add-in, the Solver command is available in the Analysis group on the Data tab.
The Solver Add-in comes pre-loaded with Microsoft Excel but is owned by Frontline Systems Inc., http://www.solver.com