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The files below use the Comparative Statics Wizard. The lifeguard problem is used as an example. The Comparative Statics Wizard is extremely flexible -- any problem solved by Excel's Solver can be run ...
Excel Solver employs the generalized reduced gradient algorithm 7; a discussion of the mathematical formalism is beyond the scope of this protocol but can be found elsewhere 8.
Along with Visual Basic for Applications, the scripting language used in many business-oriented spreadsheets, Excel also lost Solver when it was upgraded to be included in Office 2008. Since ...
An Excel workbook called DemandCurve.xls provides a simple example of how to use Solver and the Comparative Statics Wizard to set up a standard consumer theory optimization problem and then derive a ...