Understanding Goal Seek and Solver
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| An Excel tool that determines the value of a single input to obtain a specified output. | Goal Seek
🗑
|
||||
| An Excel add-in program used for optimization. | Solver
🗑
|
||||
| With this program, you can set up complex business models in a worksheet and use the program to determine the optimal set of decision inputs to meet an objective, such as minimizing costs or maximizing profits. | Solver
🗑
|
||||
| With this program, you can use it to answer very complex questions about allocation and optimization, it is an excellent tool for determining the best way to apply resources to a particular problem. | Solver
🗑
|
||||
| The combination of the objective cell, variable cells, and constraints that are used to solve a problem. | Solver Model
🗑
|
||||
| A term that indicates the constraint has a final value that is equal to the value of the constraint; the constraint limits, the solution of the Solver model. | Binding Constraints
🗑
|
||||
| The result when Solver cannot determine the combination of decision variables that satisfy all of the constraints identified in the Solver model. | Infeasible Solution
🗑
|
||||
| An optimization problem in which there is a one-to-one relationship between a resource and an assignment or job. | Assignment Problem
🗑
|
||||
| One machine in a plant might be assigned to one job, is an example of: | Assignment Problem
🗑
|
||||
| With solver, you can change the values in as many as 200 cells at one time to reach a goal in the _______ ________. | Target/Objective Cell
🗑
|
||||
| You can base the constraints that limit the value of a particular cell in the Solver model on company policies or on physical limits; these constraints are often based on company history and, to some extent, inertia. | Policy Constraints
🗑
|
||||
| A constraint bases its purpose of the size of something; such as the size of a truck or the actual inventory of milk available in a store. | Physical Constraints
🗑
|
||||
| A report that documents and describes the solution, and identifies the constraints that affected the results. | Solver Report
🗑
|
||||
| Most frequently used Solver report and most useful report for business users. | Answer Report
🗑
|
||||
| The reports that are mostly used to analyze the mathematical results of a Solver model, and are used by more experienced users; these reports are not available when the model has integer constraints. | Sensitivity and Limits Reports
🗑
|
||||
| If all of the constraints, which represent the availability of resources, have these values, the solution isn't the optimal solution that maximizes the available resources. (Unused Resources) | Slack
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
1482116593
Popular Computers sets