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12 views

Script

man sci

Uploaded by

aleksiyaah lexley
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Slide 60 (Read)

After Reading:
In Excel, you can use Solver to find an optimal value (maximum or minimum, or a certain value)
for a formula in one cell called the objective cell, subject to certain constraints or limits, on the
values of other formula cells on the worksheet.
This means that the Solver works with a group of cells called decision variables 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.

Slide 69: Read before the Statement of the Problem


This dataset consists of columns having product names, the total number of units, sale price,
the cost price of each unit, profit, and the total revenue. Cell B5 contains the total available
units, while cell F5 contains the total revenue obtained.

Slide 71: Read after reading the Slide


Excel finds the optimal value (Minimum, Maximum, Specified) for the formula present in the
Objective cell. This is done by changing the values in Variable cells, depending on the
constraints specified in the Constraint cells.

Slide 72: Read before the Slide


The objective cell contains the formula which specifies the objective of the problem statement.
Here, the cell F5 is specified as the objective cell. The objective can be to find the minimum,
maximum, or exact value.

Slide 73: Read before the Slide


Variable cells consist of variable data that is modified by the Solver to achieve the objective.
These are the cells that contain variable data. The value of these cells must be changed to
optimize profits.
Slide 74: Read before the Slide
Constraints are the restrictions that are given to the Solver. These restrictions are analogous to
the real-world limitations on total product capacity, market demands, and so on. The solution
provided by the Solver has to satisfy these constraints. To arrive at the optimal solution, these
conditions must be met.

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