Load the Solver Add-in | Formulate the Model | Trial and Error | Solve the Model
I can't find the Analysis ToolPak in Excel for Mac 2011. There are a few third-party add-ins that provide Analysis ToolPak functionality for Excel 2011. Option 1: Download the XLSTAT add-on statistical software for Mac and use it in Excel 2011. XLSTAT contains more than 200 basic and advanced statistical tools that include all of the Analysis.
After you load Solver, the Solver command is available in the “Analysis group” on the “Data” tab – MAC users. 1. Open Excel for Mac 2011 and begin by clicking on the “Tools” menu. 2. Click “Add-Ins”, and then in the Add-Ins box, check “Solver.xlam” and then click “OK”. 3.
(Solver is bundled with Excel 2011). Solver for Microsoft Excel 2008 for Macintosh is available and you can download it, free, right now. It was our way of re-introducing ourselves to the Mac community.
Excel includes a tool called solver that uses techniques from the operations research to find optimal solutions for all kind of decision problems.
Mac Users Using Excel 2016 or Excel Online. Get the new Solver App for Excel 2016 and Excel Online this free Solver app works equally well in desktop Excel 2016 and Excel Online – and handles the smallest to the largest, most challenging optimization models. Users can obtain Solver immediately from Microsoft AppSource. Over 100,000 existing “cloud Solver” users will receive the new.
Load the Solver Add-in
To load the solver add-in, execute the following steps.
Wicked woohoo sims 4 mac download. 1. On the File tab, click Options.
2. Under Add-ins, select Solver Add-in and click on the Go button.
3. Check Solver Add-in and click OK.
4. You can find the Solver on the Data tab, in the Analyze group.
Formulate the Model
The model we are going to solve looks as follows in Excel.
1. To formulate this linear programming model, answer the following three questions.
a. What are the decisions to be made? For this problem, we need Excel to find out how much to order of each product (bicycles, mopeds and child seats).
b. What are the constraints on these decisions? The constrains here are that the amount of capital and storage used by the products cannot exceed the limited amount of capital and storage (resources) available. For example, each bicycle uses 300 units of capital and 0.5 unit of storage.
c. What is the overall measure of performance for these decisions? The overall measure of performance is the total profit of the three products, so the objective is to maximize this quantity.
2. To make the model easier to understand, create the following named ranges.
Range Name
Cells
UnitProfit
C4:E4
OrderSize
C12:E12
ResourcesUsed
G7:G8
ResourcesAvailable
I7:I8
TotalProfit
I12
3. Insert the following three SUMPRODUCT functions.
Explanation: The amount of capital used equals the sumproduct of the range C7:E7 and OrderSize. The amount of storage used equals the sumproduct of the range C8:E8 and OrderSize. Total Profit equals the sumproduct of UnitProfit and OrderSize.
Trial and Error
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With this formulation, it becomes easy to analyze any trial solution.
For example, if we order 20 bicycles, 40 mopeds and 100 child seats, the total amount of resources used does not exceed the amount of resources available. This solution has a total profit of 19000.
It is not necessary to use trial and error. We shall describe next how the Excel Solver can be used to quickly find the optimal solution.
Solve the Model
To find the optimal solution, execute the following steps.
1. On the Data tab, in the Analyze group, click Solver.
Enter the solver parameters (read on). The result should be consistent with the picture below.
You have the choice of typing the range names or clicking on the cells in the spreadsheet.
Conclusion: it is optimal to order 94 bicycles and 54 mopeds. This solution gives the maximum profit of 25600. This solution uses all the resources available.