Microsoft Excel Solver for Engineering Optimization

Microsoft Excel Solver for Engineering Optimization

Assessment

Interactive Video

Information Technology (IT), Architecture, Mathematics

12th Grade - University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

This video tutorial guides viewers through solving optimization problems using Excel Solver. It begins with an introduction to optimization, followed by setting up a nonlinear programming problem with constraints. The tutorial then demonstrates how to implement the problem in Excel, use the Excel Solver to find solutions, and analyze the results. The video also covers generating reports and understanding key concepts like Lagrange multipliers and shadow prices.

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of using the Excel Solver tool?

To perform basic arithmetic operations

To manage large datasets

To solve optimization problems

To create charts and graphs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which website is mentioned for accessing the Excel Solver tutorial?

tutorials.com

solver.com

excel.com

apmonitor.com

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the initial guess values for the variables x1, x2, x3, and x4?

5, 5, 5, 5

1, 2, 3, 4

1, 5, 5, 1

2, 3, 4, 5

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the inequality constraint for the variables in the problem?

Sum of variables must be less than 40

Product of variables must be greater than or equal to 25

Variables must be equal to 10

Difference of variables must be greater than 5

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if the Solver option is not available in Excel?

Add the Solver Add-in from Excel Options

Contact technical support

Restart Excel

Install a new version of Excel

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the sensitivity report from Excel Solver provide?

A list of all variables used

A summary of all Excel formulas

The time taken to solve the problem

Information on active constraints and Lagrange multipliers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Lagrange multipliers also known as in the context of Excel Solver?

Constraint limits

Variable bounds

Objective values

Shadow prices

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