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Module 6

Module 6 focuses on using Goal Seek and Solver tools in Excel for efficient decision-making and optimization. Goal Seek allows users to perform what-if analysis by adjusting input values to achieve desired outputs, while Solver helps find optimal solutions for complex problems under specified constraints. The module includes step-by-step instructions for enabling and using these tools effectively in real-world scenarios.

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Elle Legaspi
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3 views

Module 6

Module 6 focuses on using Goal Seek and Solver tools in Excel for efficient decision-making and optimization. Goal Seek allows users to perform what-if analysis by adjusting input values to achieve desired outputs, while Solver helps find optimal solutions for complex problems under specified constraints. The module includes step-by-step instructions for enabling and using these tools effectively in real-world scenarios.

Uploaded by

Elle Legaspi
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Module 6:

Exploring Goal Seek and Solver:


Tools for Efficient Decision-
Making in Excel
Mr. Jonelle Angelo S. Cenita, MSIT, LPT
BAISEL2X: PROFESSIONAL ELECTIVE 2
Learning Objectives:
• Understand how to use the Goal Seek and Solver tools in
Excel to perform what-if analysis and solve optimization
problems.
• Appreciate the importance of Goal Seek and Solver in
enhancing decision-making and problem-solving skills in
real-world scenarios.
• Demonstrate the step-by-step process of setting up and
executing Goal Seek and Solver to solve specific Excel
problems.
Goal Seek and Solver
Goal Seek
• Goal Seek is an Excel tool used for "what-if" analysis,
where you can find the required input value to achieve a
specific output in a formula. Essentially, it lets Excel
adjust one variable to make a formula produce a target
value.
Goal Seek
• Purpose:
• Find the input (e.g., interest rate, number of periods) that
achieves a desired result (e.g., a specific loan payment or
profit).
PMT
• The PMT function in Excel calculates the payment for a
loan based on constant interest rates and equal payment
amounts. It’s commonly used to determine loan or
investment-related payments.
PMT
• Purpose:
• To calculate a monthly payment for a $10,000 loan over 5
years at a 5% annual interest rate:
• Example:
• To calculate a monthly payment for a $10,000 loan over 5
years at a 5% annual interest rate:
• =PMT(5%/12, 5*12, -10000)
PMT
Goal Seek
Goal Seek
Goal Seek
Solver
• Solver is an Excel add-in tool used for optimization
problems.
• It helps you find an optimal value for a formula in a cell,
called the objective cell, by changing the values in other
cells, known as variable cells, while meeting specified
constraints. This makes Solver useful for tasks that
require you to maximize or minimize a certain outcome,
such as profit, cost, or efficiency, under specific
conditions.
Steps to Enable Solver:
• 1. Open Excel Options:
• Click on the File menu (or the
Microsoft Office Button in older
versions).
• Select Options (or Excel Options).
Steps to Enable Solver:
• 2. Go to Add-Ins:
• In the Excel Options dialog
box, click on Add-Ins in the
left-hand menu.
• 3. Manage Add-Ins:
• At the bottom of the Add-Ins
dialog, find the Manage
dropdown menu.
• Select Excel Add-ins and click
Go.
Steps to Enable Solver:
• 4. Enable Solver Add-In:
• In the Add-Ins dialog box, check the box next
to Solver Add-In.
• Click OK.
Steps to Enable Solver:
• 5. Verify Solver:
• Go to the Data tab.
• You should now see Solver in the Analysis group.
Solver
Solver
• Solver is a powerful
tool in Excel that
helps you make
informed decisions
by finding the best
solution to complex
problems under given
constraints.

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