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 ...

The Solver add-in for Microsoft Excel is one of the most important, so we can understand the frustrations when users cannot get it to work as they hope. In older versions of Excel, folks had to ...

An Excel workbook called ProfitMax.xls provides a simple example of how to use Solver and the Comparative Statics Wizard. The Comparative Statics Wizard is an Excel add-in that walks the user through ...

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 ...