Working capital management involves allocating cash to different purposes (accounts receivable, inventory, etc.) across multiple time periods, to maximize interest earnings.Ĭapital budgeting involves allocating funds to projects that initially consume cash but later generate cash, to maximize a firm’s return on capital. An almost infinite variety of problems can be tackled this way, but here are some typical examples: Finance and Investment The "best" or optimal solution may mean maximizing profits, minimizing costs, or achieving the best possible quality. The resources may be raw materials, machine time or people time, money, or anything else in limited supply. Solvers, or optimizers, are software tools that help users find the best way to allocate scarce resources. Although mainly targeted at the ultra-geek excel buffs, Frontline Systems also recommends the product for those of us in the real world: Odd I know but not a huge deal since Frontline Systems as of today has released Solver for Excel 2011 on their website at The new Solver for Excel 2011 has been enhanced over its predecessor ( for Excel 2008 for MAC). For whatever reason, Excel 2011 for the MAC didn’t include the Solver utility.
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