Using Goal Seek and Solver in MS Excel - Solving with Solver
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Step 3: When all the values are configured correctly in Step 2, click “Solve.” A “Solver Results” Dialog Box will then appear. It will tell you whether or not Solver has found a solution. Then click OK to close this dialog box.
Step 4: When Solver has found a solution, it will be displayed in the yellow box. In other words, Solver will automatically fill in those blank fields (yellow shaded cells for x and y variables).
Below is what the Excel worksheet will look like with Solver filling in the optimal values for X and Y, which are:
Optimal food expenses (X variable) = $158
Optimal travel expenses (Y variable) = $212
Using Goal Seek and Solver in Real World Applications
Of course, the examples illustrated in this article are fictitious, but you can use Solver and goal seek to solve complicated problems. Common applications can be found in the engineering/manufacturing sector, the financial sector, and in academic sectors.
Scientific experiments, financial research and academic studies can be solved using the Solver and goal seek features in MS Excel.
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