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Excel Solver

Excel Solver is a tool used for simulation and optimization in business and engineering models, particularly effective for linear programming problems. It can assist in making optimal decisions for various scenarios such as maximizing investment returns and minimizing costs. The Solver add-in is included in Excel since 2003 but needs to be enabled through the Excel Options menu.

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4 views

Excel Solver

Excel Solver is a tool used for simulation and optimization in business and engineering models, particularly effective for linear programming problems. It can assist in making optimal decisions for various scenarios such as maximizing investment returns and minimizing costs. The Solver add-in is included in Excel since 2003 but needs to be enabled through the Excel Options menu.

Uploaded by

bhardwajabhi2038
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Excel Solver belongs to a special set of commands often referred to as What-if

Analysis Tools. It is primarily purposed for simulation and optimization of various


business and engineering models.

The Excel Solver add-in is especially useful for solving linear programming problems,
aka linear optimization problems, and therefore is sometimes called a linear
programming solver. Apart from that, it can handle smooth nonlinear and non-smooth
problems. Please see Excel Solver algorithms for more details.

While Solver can't crack every possible problem, it is really helpful when dealing with all
kinds of optimization problems where you need to make the best decision. For example,
it can help you maximize the return of investment, choose the optimal budget for your
advertising campaign, make the best work schedule for your employees, minimize the
delivery costs, and so on

How to add Solver to Excel


The Solver add-in is included with all versions of Microsoft Excel beginning with 2003,
but it is not enabled by default.

To add Solver to your Excel, perform the following steps:

1. In Excel 2010 - Excel 365, click File > Options.


In Excel 2007, click the Microsoft Office button, and then click Excel Options.
2. In the Excel Options dialog, click Add-Ins on the left sidebar, make sure Excel Add-
ins is selected in the Manage box at the bottom of the window, and click Go.
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