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Excel: Using Solver for Decision Analysis

via LinkedIn Learning

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Discover how to use Excel Solver to find optimal solutions to problems that range from simple to complex.

Syllabus

Introduction
  • Optimize your analysis in Excel
  • What you should know before starting
1. Working with Solver
  • Find target values using Goal Seek
  • Introduce linear, nonlinear, and evolutionary programming
  • Install the Solver add-in on Windows
  • Organize a worksheet for use in Solver
  • Find a solution using Solver
  • Challenge: Create a Solver model
  • Solution: Create a Solver model
2. Tuning Investment Portfolios
  • Introduce the problem
  • Organize the worksheet
  • Create objective and control formulas
  • Create and run the Solver model
  • Experiment with different constraints
  • Challenge: Tune an investment portfolio
  • Solution: Tune an investment portfolio
3. Optimizing Resource Placement
  • Introduce the problem
  • Organize the worksheet
  • Map store and depot locations
  • Create objective and control formulas
  • Create and run the Solver model
  • Extend the model by adding population density
  • Challenge: Optimize resource placement
  • Solution: Optimize resource placement
4. Defining Decision Trees
  • Introduce the problem
  • Organize the worksheet
  • Calculate the probability of reaching a node
  • Calculate the expected value for the tree
  • Challenge: Define a decision tree
  • Solution: Define a decision tree
Conclusion
  • Additional resources

Taught by

Curt Frye

Reviews

4.7 rating at LinkedIn Learning based on 492 ratings

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