myc_excelsolver

8/3/2019 MYC_ExcelSolver

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CorporatePerformanceAnalysisUsingExcel Solver


Using Excel Solver for Linear

Optimization Problems

Presented by:

Muslim


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What is Solver?

Solver is an Add-In for Microsoft Excel which cansolve optimization problems, including multipleconstraint problems.

You can maximize, minimize, or set a target valueto achieve.


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Installing Solver for Use On Excel Menu,

choose Tools

Add-Ins...


4/15CorporatePerformanceAnalysisUsingExcel Solver

Installing Solver for Use On Excel Menu,

choose Tools

Add-Ins...

Put a Check in theBox Next to SolverAdd-in



Using Solver On Excel Menu,

choose Tools

Solver

This brings up theSolver Parametersbox which will bediscussed next.



Refresher: Setting up a Linear ProblemOn Paper

Recall the Cargo Problem from the last homework

assignment Our task is to maximize the profit for a shipping company

using a combination of cargo weights without violating

the given constraints Revenue is $250 per ton of cargo shipped

Limit of 50,000 ft3 space and 100 tons

Three types of Cargos with different densities, maximumavailable amounts


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Setting Up the Problem in Excel

The ObjectiveFunction

Please openCargoProblem.xls
http://cargo%20problem.xls/http://cargo%20problem.xls/


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The DecisionVariables(optimal valueswill be calculatedby Solver)


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The DecisionVariables

The Constraints

Relationships


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The DecisionVariables

The Constraints

Relationships

Values


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Running Solver


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Solver Solution


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Understanding the Output: the Answer

Report


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Understanding the Output: the

Sensitivity Report


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The End Thanks for your attention

MUSLIM

[email protected]

PT MY CONSULTING

Wisma Nugra Santana12 Floor Suite 1216Jl Jend Sudirman Kav 7-8Jakarta 10220, INDONESIATel 6221 5704791Fax 6221 [email protected]

myc_excelsolver

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