In optimization problems, the solver in excel helps to minimize or maximize the objective based on certain variables.
The solver can solve the following types of problems: The solver returns an optimal solution which sets accurate values of the variables, satisfies all constraints, and meets the goal.įor example, the solver helps create the most appropriate project schedule, minimize an organization’s expenses on transportation of its employees, maximize the profits generated by a given marketing plan, and so on. For every problem, the goal (objective), variables, and constraints are identified. The solver in excel is an analysis tool that helps find solutions to complex business problems requiring crucial decisions to be made.
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