Define and solve a problem by using Solver
Excel 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.
- In Excel 2010, 2013 and 2016 and later, go to File > Options or press the short cut keys ALT +F + T
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 Solvercommand is available in the Analysis group on the Data tab
Solver Addin UseCases
- Transportation Problem
- Personel Shift Allocation
- Profit Modeling
- Queuing Problem
- Budget Modeling
- Resources allocation solutions
- Tariff and Rate Modeling for Utilities such as Power, Gas, Licensing and many money
Party adopted from Microsoft Website. Drafted by David K. Kandie, OCL Learning, Chief Learning Officer