Solvers in Excel
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In this step-by-step tutorial, we’ll show you how to use Solver, a powerful optimization tool in Excel. First, we will learn how to activate Solver in Excel and then use it to find the optimal solution to a problem. In addition, we will comprehend how to use Solver to solve arithmetic equations, linear and nonlinear problems.
What is Solver in Excel?
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A solver is a powerful tool that helps find solutions to complex business problems by identifying the goal (objective), variables, and constraints. It returns an optimum solution that sets accurate variable values, meets all constraints, and achieves the goal.
Key Components of SOLVER in Excel
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• Objective cell – This contains a formula that returns the desired outcome of the Solver.
• Variable cells – These cells include variable data that can be changed to get the desired result.
• Constraint cells –These are the conditions that must be satisfied by the solution of the problem.
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To know more about Solver in Excel, you can go to this link:
https://www.wallstreetmojo.com/solver-in-excel/
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