OpenSolver is a great Excel Add-in that solves optimization models. The following article will describe how to solve a Linear Programming model using this tool (first you must Download and install OpenSolver in Excel ). For educational purposes we will consider a linear programming model with two decision variables and four constraints, nevertheless you can easily extend its application to larger problems.
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We will then need to prepare an Excel spreadsheet that includes the model’s parameters and variables (this step is similar to loading a problem in Frontline’s Solver ). You can see that cells B2 and C2 ( yellow color ) have been assigned as the decision variables and cell E2 corresponds to the objective function ( blue cell ), which is a formula that links the decision variables to their respective parameters. Finally cells D5 and D6 are formulas that represent the “ left-hand side (LHS) ” of the problem’s
Links to linearprogramming.info (8)
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