Optimize! Make Best Decisions with Microsoft Excel

Make better decisions, advance your career and make more money by building power models and optimize with Excel Solver.
3.7 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
23 students enrolled
Instructed by Justin Ren Business / Finance
Take This Course
  • Lectures 14
  • Length 1 hour
  • Skill Level Expert Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works


Find online courses made by experts from around the world.


Take your courses with you and learn anywhere, anytime.


Learn and practice real-world skills and achieve your goals.

About This Course

Published 4/2015 English

Course Description

Have you ever wondered whether, for those business and financial decisions that you have made, you could have done better?

Questions such as:

- Is this the right stock portfolio that would maximize my return?

- Did I order the right amount from my supplier that maximizes my profit?

- Is this the right staffing schedule that minimizes my cost?

If you have wondered about if and how you can make better business decisions, this course is for you.

In this course, I teach you to:

- Formulate a business problem properly in Microsoft Excel with a clear objective, and then seek the best solution;

- Learn to solve a range of managerial problems, such as

a) stock portfolio optimization,

b) cash allocation,

c) workforce scheduling,

d) location planning,

e) supply management


- Master advanced skills such as non-linear optimization and making best decisions when things are uncertain.

The valuable skills you learn from this course will help you make better decisions, advance your career, and make more money.

With 30-day money-back guarantee, you have nothing to lose but lots of gain.

Sign up NOW!

What are the requirements?

  • You will need Microsoft Excel on your computer
  • Some knowledge of optimization is desired, but not required

What am I going to get from this course?

  • Crystalize a business decision problem by modeling it in Excel
  • Build sophisticated Excel models that tackle a real business problem
  • Make better decisions by using Excel Solver on the models that you build
  • Recognize the existence of a best solution with the help of Excel
  • Understand the complexity of some business situations (for example, the non-linear nature in stock portfolio optimization)

Who is the target audience?

  • You should be comfortable with using Excel when taking this course. If not, you may start with my other "Business with Excel" course
  • If you are interested in building sophisticated decision models in Excel, this course if for you!
  • If you are interested in making better decisions or save/make more money with the help of Excel, this course is for you!

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction
Load Solver in Microsoft Excel
3 pages
Load Solver in Excel on a Mac
Build a good model for optimization (I): List out all inputs and assumptions
Build a good model for optimization (II): Progress step by step
Build a good model for optimization (III): Thank hard and smart
Section 2: Optimize (I): Common Business Problems
Optimize spending on advertising campaigns
Optimize human resources: worker scheduling
Decide on order quantities
Section 3: Optimize (II): YES/NO type of decisions
Assign teams to projects
Locate warehouses
Section 4: Optimize (III): More complex problems
Maximize stock portfolio returns
Step by step instructions on stock portfolio return optimization
4 pages
Section 5: Make good decisions when things are uncertainty
How much to contribute to Flexible Spending Account (I): Use Data Table
4 pages
How much to contribute to Flexible Spending Account (I): Solver vs. DataTable

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Dr. Justin Ren is an Associate Professor of Business Administration in the Operations and Technology Management Department, Dean's Research Fellow, and Senior Fellow of Health Policy Institute at Boston University School of Management. He was also a Visiting Scholar and Research Affiliate at Massachusetts Institute of Technology (MIT) Sloan School of Management from 2009-2013.

For almost ten years, Professor Ren has been teaching analytics courses which focuses on tools and frameworks that help managers gain market intelligence and make strategic decisions. He also teaches in executive education in financial risk management. He is a certified teacher by the Harvard Business School Case Method Discussion Leadership Program.

Professor Ren has consulted for Fortune 500 companies as well as start-ups. His work has been mentioned in Sloan Management Review, China Daily, and the World Financial Review. He has been invited to give lectures and presentations around the world at institutions such as Harvard University, MIT, Duke, Dartmouth, Georgetown, Emory, INSEAD (France), Hong Kong University of Science and Technology, Peking University (China), and Tsinghua University (China).

Professor Ren received his M.S. in Operations Research and Ph.D. in Operations and Information Management from The Wharton School at the University of Pennsylvania.

Ready to start learning?
Take This Course