What is Excel Solver used for?
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.
What is the purpose of the Solver Answer Report?
The Answer Report, which is available whenever a solution has been found, provides basic information about the decision variables and constraints in the model. It also gives you a quick way to determine which constraints are “binding” or satisfied with equality at the solution, and which constraints have slack.
What is meant by slack variable?
In an optimization problem, a slack variable is a variable that is added to an inequality constraint to transform it into an equality. … As with the other variables in the augmented constraints, the slack variable cannot take on negative values, as the simplex algorithm requires them to be positive or zero.
How good is Excel Solver?
The advantages of the Excel Solver
In fact, Excel Solver brings a number of advantages to the table: Excel Solver enables you to specify multiple adjustable cells. You can use up to 200 adjustable cells in all. Excel Solver enables you to set up constraints on the adjustable cells.
What is the meaning of solver?
Definitions of solver. a thinker who focuses on the problem as stated and tries to synthesize information and knowledge to achieve a solution. synonyms: convergent thinker, problem solver. type of: thinker. someone who exercises the mind (usually in an effort to reach a decision)
What is the difference between solver and goal seek in Excel?
Goal Seek determines what value needs to be in an input cell to achieve a desired result in a formula cell. Solver determines what values need to be in multiple input cells to achieve a desired result.
Where is Excel Solver?
Excel Solver – How to load or start Solver
- Click the File tab, click Options, and then click the Add-ins category.
- In the Manage box, click Excel Add-ins, and then click Go.
- In the Add-ins available box, select the Solver Add-in check box. …
- Now on the Data tab, in the Analysis group, you should see the Solver command.