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Frontline Systems, Inc. |
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Given that you plan to define your model in a Microsoft Excel spreadsheet, your best choice is Risk Solver if you're modeling a risk analysis problem that can be solved with Monte Carlo simulation, or Premium Solver or Premium Solver Platform (see further below) if you're modeling a resource allocation problem that can be solved with optimization. If your problem involves an optimization model of some size, let's consider the last two questions we posed earlier:
Problem TypesThe type of optimization problem you have depends on:
If you're not sure what type of problem you have, click on Optimization Problem Types for an in-depth discussion. But you may want to start with Frontline Systems' Premium Solver Platform, because it bundles together several Solvers that together will handle all types of optimization problems up to certain size limits. Click on Frontline Systems Solvers for Excel Users for further information. Problem SizesThe size of your problem is measured by the number of decision variables and the number of constraints. If you have not yet defined your model in these terms, you may not know its size -- see below for ideas on estimating problem size. You can start with our Premium Solver Platform, and if your problem ultimately exceeds its size limits, you can add a "plug-in" Solver Engine that handles larger-scale problems of the appropriate type. If your problem is relatively small, you can save money with our Premium Solver. Click on Frontline Systems Solvers for Excel Users for further information. Often -- though not always -- the number of decision variables will be greater than the number of constraints and will determine the "size limit;" also, it may easier to estimate the number of decision variables up-front. To understand what kind of decision variables you may have, take our Solver Tutorial, paying special attention to the page Defining a Model. |
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