Excel Business Analytics Free Course - Forecasting, Linear Programming, Simulation & more. - Basic Excel Business Analytics #58 Excel Solver to Maximize Contribution Margin

Download files: https://people.highline.edu/mgirvin/AllClasses/348/348/AllFilesBI348Analytics.htm Learn: 1) (00:11) Intro To “Maximize Contribution Margin” Linear Programming to find optimal Solution 2) (01:31) List all Formula Inputs, Decision Variables 3) (03:06) Create Objective Function 4) (04:25) Create Constraint Functions. Important Setup Theory to help with complicated Problems. 5) (08:00) Use Excel Solver to find optimal solution (Max contribution margin). See: 1) Set Objective (Objective Function), 2) To, either Max, Min, Value Of, 3) By Changing Variable Cells (Decision Variable), 4) Subject to the Constraints (Constraint Function), 5) Make Unconstrained Variables nonnegative (Nonnegativity Constraint), 6) Simplex LP (Algorithm that tests only vertices (extreme points) for optimal Solution), Add button (to add contrast in the “Add Constraint” dialog box. 6) (11:23) Answer Report 7) (14:10) Sensitivity Report 8) (16:12) Summary Download Excel File Not: After clicking on link, Use Ctrl + F (Find) and search for “Highline BI 348 Class” or for the file name as seen at the beginning of the video.