is it possible to configure windows 7 as a dhcp server using windows utility.

Windows 7 or another Windows workstation class OS has no built-in DHCP server service role. If you want to run DHCP services on a Windows 7 computer, you would have to run a 3rd party DHCP application.

Alternatively, you an run a Windows server (or other server OS) as a VM guest on Windows 7 and install the DHCP role then bridge the VM guest's NIC to the host computer.

JorgeM is correct.

The times I've needed a 3rd party DHCP on win7, I've used TFTP http://tftpd32.jounin.net/ with success. (the app is called tftp, but included tftp, dhcp, and syslog)

Depending on your DHCP/DNS needs, many networking "edge" devices can offer such services built in including a firewall. However, if your a networking nut, use Windows Server, then you can setup an Active Directory! Yaay.. lol

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