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The Max Time box specifies the number of seconds that you want to allow Solver to try to reach your solution s objective. While you could enter a value as high as 32,767 seconds (that s more than nine hours!), the default value of 100 seconds (just more than one and a half minutes) is adequate for most small problems. If Solver does not find a solution by the time period in the Max Time box is reached, it pauses and displays the Show Trial Solution dialog box to give you the option of stopping without an optimal solution or allowing you to continue for another equal time period. The Iterations box specifies the maximum number of calculations that you want to allow Solver to try before it reaches your solution s objective or gives up. Like the Max Time box, while you could enter a value as high as 32,767 iterations, the default value of 100 iterations is adequate for most small problems. If Solver cannot reach the objective after the number of tries in the Iterations box, it stops and displays the Show Trial Solution dialog box to give you the option of stopping without an optimal solution or allowing you to continue for another equal set of iterations. The Precision box specifies to what level of exactness the value of a constraint cell meets a target value or satisfies a lower or upper bound. The Precision value must be a fractional number between 0 (zero) and 1. The smaller the number in the Precision box is (the higher the number of decimal places), the higher the degree of precision. For example, 0.000001 is a higher precision than 0.01. Solver continues trying to reach the problem s objective until the constraints are reached within this degree of precision. For example, if the value in this box is 0.000001, and some constraint states that a cell value must equal 19, Solver will stop when the cell s value is within 0.000001 of 19, that is, between 18.999999 and 19.000001. The Tolerance box specifies the percentage by which the target cell of a problem with integer constraints can differ from the true optimal value, and Solver still considers it an acceptable solution to the problem. A higher tolerance tends to speed up Solver s time to find a solution. Solver will stop when the target cell s value is within this percent of the constraint value. The default tolerance is 5%. The Convergence box specifies the amount of relative change you want to allow Solver in its last five calculations before Solver stops with a solution. Solver uses the value in the Convergence box to determine when a proposed solution is significantly better than the previous proposed solution. If the change in the two proposed solutions is less than or equal to the value in the Convergence box, Solver will stop and declare that it has found a solution. Convergence applies only to nonlinear problems and must be indicated by a fractional number between 0 (zero) and 1. The smaller the number in the Convergence box, the smaller the convergence is. For example, 0.0001 (the default value) is a smaller degree of relative change in two solutions that Solver may propose and therefore a smaller convergence than 0.01. However, the smaller the number in the Convergence box, the more time it takes for Solver to reach a solution. After you ve set Solver options, do the following: 1. Click the OK button to apply the selected Solver options and return to the Solver Parameters dialog box. 2. Click the Cancel button to disregard any changes to the current Solver options and return to the Solver Parameters dialog box.
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