An optimization problem is one where you have to make the best decision (choose the best investments, minimize your company’s costs, find the class schedule with the fewest morning classes, or so on).

Excel can solve equations through several of its mathematical functions, but the single Excel tool that works on the largest variety of equations is the program's Solver Add-in. This tool reads an ...

Solver allows you to use an Excel spreadsheet to easily solve problems with multiple variables. We'll look at a couple of examples to see what Solver can do and how easy it is to use. Solver is an add ...

What-if analysis in Excel is a powerful tool that allows you to explore different scenarios and outcomes by changing input values in your formulas. This guide will walk you through the three primary ...

In the first part of this blog, Using Solver in Excel, Part 1, we started looking at what we can do with the Solver add-in to the Excel spreadsheet program. We looked at using Solver for the design of ...

A popular add-on for helping Excel users creating optimization models has made its return to Excel 2008. Solver for Excel had been among the casualties of Microsoft’s decision to drop Visual Basic for ...

Simpson's rule is a mathematical formula used to approximate definite integrals. The method is complex, but if you need to perform this calculation in your business, you can save time by using an ...