Suppose you take a bank loan to purchase UPS, furniture, and computers, and other accessories needed to successfully run a cybercafé, we can make use of the PMT function to find the amount of monthly installments needed to completely repay the bank. The following steps will help solve this problem using Solver. Let's say you want to use this tool to help you solve a business problem such as running a cybercafé.
How to get solver on excel how to#
Now that we are through Adding Solver to the Excel features, it is time to learn how to use Solver tool in Excel. But the most common types of parameters are constraints, changing cells, and target cells. The parameter you specify will depend on the type of problem you want to solve. Solver can be located on the Data tab under Analysis field.Īfter opening the Solver, a dialog box loads automatically which allows you to specify the parameters you want to run the Solver. The Solver has been just installed and added to your Excel. Under the Add-Ins option, click on the Solver and click on the Go button.
How to get solver on excel install#
To install Solver tool click the Options on the green File tab. When you don't see it, then Solver may not be installed.
The Solver is displayed on the right side under the Analysis. Install, Start-up the Solver Add-in and follow the process.īefore you begin, ensure that the Solver is already installed on your computer. This article will provide step-by-step guide on how to use Solver to find solution to a business problem.īelow is a practical example of the use of Solver to find solutions to all kinds of decision problems.
Constraints can also be applied to minimize the value that can be used by Solver. Basically, Solver is used for a group of cells that are directly or indirectly related. You can use solver to ascertain an optimal value in one cell known as the "target cell". The solver in Excel is part of an analysis tool known as "What-If analysis".
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