Evolver
Find the Best Resource Allocation using Optimization
Solve Complex Linear and Nonlinear Allocation Problems
Evolver is an optimization add-in for Microsoft Excel that uses innovative genetic algorithm (GA), OptQuest, and linear programming technology to quickly solve virtually any type of problem that can be modeled in Excel. Evolver has a unique ability arrive at the best overall “global” solution to a problem—solutions traditional solvers typically miss.
Overview
Evolver, using innovative “mutations” and combinations of solutions, or “organisms,” is well-suited to finding the best overall answer by exploring the entire universe of possible answers. Plus the use of OptQuest as optimization engine with the unique set of powerful algorithms and sophisticated analysis techniques including metaheuristics optimization, evolutionary algorithms, tabu search and scatter search, to name a few. As a result, OptQuest enables users to shift from a “What if?” approach to a “What’s best?” approach. This includes complicated, nonlinear problems where the best local solution may not be the best absolute answer. After an optimization, the user can choose whether to keep the best solution, or revert the workbook the its pre-optimization state. This makes it easy to decide the best course of action. You can also generate reports directly in Excel for an optimization summary, log of all simulations, and log of progress steps.
Seamless integration into Microsoft Excel for the highest level of computational accuracy
Find the best global solution to complex, real-life problems
Faster optimizations
Monitor progress toward best solutions with Evolver Watcher
Industries
Energy & Utilities
Insurance & Reinsurance
Finance & Banking
Manufacturing & Consumer Goods
Construction & Engineering
Aerospace & Defense
Customer Success Stories
Learn how Evolver has helped analysts and executives improve decision making.
Mark Rudd
Principal/Regulatory Compliance, Northern Indiana Public Service Company (NIPSCO)
Evolver helped us answer 'What's the best solution from a capital standpoint?’ and ‘What's the best solution in terms of operations and maintenance costs?’
Scott Mongeau
Founder and Consultant, Sark7
Evolver enables us to suggest plant optimization strategies, offering due-diligence for potential investors.
How Evolver Is Used
Evolver has a multitude of applications, including:
- Investment Planning & Portfolio Optimization
- Supply Chain Management
- Inventory & Capacity Planning
- Capital Reserves
- Product and Pricing Mix
Investment Planning & Portfolio Optimization
Supply Chain Management
Inventory & Capacity Planning
Manage inventory more effectively, improve capacity planning, and schedule workforces and equipment use more efficiently. Reduce time to market and improve delivery rates.
Capital Reserves
Determine optimal reserves levels subject to capital constraints and resource demands.
Product and Pricing Mix
Identify the optimal product mix offering and price points to maximize sales subject to cost, production, or other constraints.
Investment Planning & Portfolio Optimization
Oil, Gas, & Mineral Reserves
Supply Chain Management
Supply Chain Management
Inventory & Capacity Planning
Inventory & Capacity Planning
Manage inventory more effectively, improve capacity planning, and schedule workforces and equipment use more efficiently. Reduce time to market and improve delivery rates.
Capital Reserves
Capital Reserves
Determine optimal reserves levels subject to capital constraints and resource demands.
Product and Pricing Mix
Product and Pricing Mix
Identify the optimal product mix offering and price points to maximize sales subject to cost, production, or other constraints.
Key Features
Genetic algorithm optimization
Find the best global solution to complex, real-life problems.
OptQuest solving engine
The OptQuest engine integrates Tabu Search, Neural Networks, Scatter Search, and Linear/Integer Programming into a single composite method. It provides great results – and quickly – on many types of models.
100% Excel calculations
Get the highest level of computation accuracy and never have to leave your spreadsheet.
Original, Best, Last model updating
Instantly see the effects of three solutions on your entire model.
Automatic selection of solving engine
Saves time and improves accuracy by automatically using the most appropriate engine for your model.
Included with The DecisionTools Suite
The complete risk and decision analysis toolkit, including @RISK, PrecisionTree, TopRank, NeuralTools, StatTools, Evolver, RISKOptimizer, and ScheduleRiskAnalysis.
Additional Benefits
Subscription
Your software subscription has you fully covered.
- Free upgrades when new software versions are released
- Full access to Technical Support
Support
Technical Support is available to help with installation, operational problems, or errors.
- Included with subscription
- Phone, web, or email
Customizable
Leverage the power of Evolver in your own custom application with Palisade Custom Development.
- Engage Palisade to design your solution
- Standardize your analyses and reduce learning curves