Hello everyone,
I'm working on an Excel sheet where the Solver doesn't give the absolute minimum solution. Regarding the issue I read the following:
"EXCEL is cool, but not too smart. To find a minimum, it just marches downhill from an initial guess to the first minimum it finds. So if you give it a guess close to the first minimum, it finds that. If you give it a guess close to the second, it will march there instead. If you can invent a computer program that can find the global minimum to a general optimization problem, you will be rich and famous. (then you can retire, enter the America’s cup, and…. Well, you get the picture)."
I wondered if the statement is true or if it is possible to calculate the minimum solution in Excel. In the file the first tab uses the Solver and the 2nd tab is the minimum solution I calculated, which is 100% correct.
Is there anyone who can help me with this or can clarify the statement above?
Siard
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