hi,
Yes, you're right Excel is likely to behave this way, see the below links for some clarifications of Excel's limits:
http://decisionmodels.com/memlimitsc.htm
which states:
Wow, that's a lot of links & you may quite easily reach the above limit!
Unfortunately, I think the basic solution is a complete redesign of your model eg:
1) reverse the links by putting all the "variable inputs" into your model file & then having the multiple workbooks link into this file.
or
2) consolidate as many of the workbooks as possible into a single file so the model can just link to one file (or be the one file) & then use other tools such as Pivot Tables to allow for different displays of the data as required by the different end users.
I think the second option is the better one. Yes, it may* be a "horrible messy task" to complete but you will only need to do it once & it will allow for a much more maintainable/auditable model (ie "one version of the truth").
* depending on the workbook/sheet structures, somoeone on this site may be able to suggest a macro that will automate the consolidation of the individual files.
hth
Rob
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