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Excel Solver

Paid

Optimize resources, analyze options with linear/nonlinear programming, leverage analysis for data-driven decisions.

4.0
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Type
Saas
Company
Frontline Systems
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About Excel Solver

Excel Solver is an advanced optimization and analytics tool designed to help you make better decisions and maximize outcomes. Excel Solver offers flexibility and powerful features such as linear and nonlinear programming, sensitivity and goal-seeking analysis, and Monte Carlo simulation. With Excel Solver, you can solve complex problems quickly and accurately, quickly evaluate all available options, and optimize resources, such as time, money, and materials. Excel Solver is ideal for business professionals, financial analysts, scientists, students, and educators who need to make data-driven decisions and come up with the best solutions. Its intuitive interface, step-by-step tutorials, and comprehensive documentation make it easy to get started and learn the basics. Excel Solver is the perfect tool for quickly and confidently solving complex problems in an efficient and cost-effective way.

Key Features

Utilize Excel Solver to optimize resources like time, money and materials.
Analyze multiple options quickly and accurately with linear and nonlinear programming.
Leverage sensitivity and goal-seeking analysis for data-driven decisions.

Pros & Cons

Pros
  • Deep integration with Excel for familiar workflow
  • Handles both simple and highly complex optimization problems
  • Provides detailed reports on sensitivity and binding constraints
  • Cost-effective alternative to standalone optimization software
  • Extensive tutorials and examples for quick onboarding
  • Scalable from small spreadsheets to enterprise models
Cons
  • Requires a licensed version of Microsoft Excel
  • Advanced features have a learning curve for non-experts
  • Pricing details require contacting sales, lacking transparency
  • Performance may degrade on very large models without powerful hardware
  • Limited visualization compared to dedicated analytics platforms

Best For

Utilize Excel Solver to optimize resources like time, money and materials.Analyze multiple options quickly and accurately with linear and nonlinear programming.Leverage sensitivity and goal-seeking analysis for data-driven decisions.

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FAQ

What versions of Excel is Excel Solver compatible with?
Excel Solver works with Excel 2010 and later versions on Windows, including Microsoft 365, as well as Excel for Mac in select configurations.
Is Excel Solver free to use?
The basic version extends Excel's built-in Solver, but advanced Premium Solver features require a paid license obtained by contacting Frontline Systems.
Can Excel Solver handle nonlinear problems?
Yes, it supports nonlinear programming with specialized solvers like LSGRG for smooth nonlinear functions and evolutionary solvers for non-smooth or discontinuous problems.
Does it support Monte Carlo simulation?
Yes, through integration with Analytic Solver platform, it offers Monte Carlo simulation for risk analysis and decision-making under uncertainty.
How does it differ from Excel's built-in Solver?
Excel Solver provides larger model capacity, faster algorithms, more solver engines, and advanced features like stochastic optimization not available in the standard Solver.