A pretty good approach would involve two steps. The first step involves converting the expression from infix to postfix (e.g. via Dijkstra's shunting yard) notation. Once that's done, it's pretty trivial to write a postfix evaluator.
I wrote a few blog posts about designing a math parser. There is a general introduction, basic knowledge about grammars, sample implementation written in Ruby and a test suite. Perhaps you will find these materials useful.
You have a couple of approaches. You could generate dynamic code and execute it in order to get the answer without needing to write much code. Just perform a search on runtime generated code in .NET and there are plenty of examples around.
Alternatively you could create an actual parser and generate a little parse tree that is then used to evaluate the expression. Again this is pretty simple for basic expressions. Check out codeplex as I believe they have a math parser on there. Or just look up BNF which will include examples. Any website introducing compiler concepts will include this as a basic example.
Codeplex Expression Evaluator
If you have an "always on" application, just post the math string to google and parse the result. Simple way but not sure if that's what you need - but smart in some way i guess.
I know this is old, but I came across this trying to develop a calculator as part of a larger app and ran across some issues using the accepted answer. The links were IMMENSELY helpful in understanding and solving this problem and should not be discounted. I was writing an Android app in Java and for each item in the expression "string," I actually stored a String in an ArrayList as the user types on the keypad. For the infix-to-postfix conversion, I iterated through each String in the ArrayList, then evaluated the newly arranged postfix ArrayList of Strings. This was fantastic for a small number of operands/operators, but longer calculations were consistently off, especially as the expressions started evaluating to non-integers. In the provided link for Infix to Postfix conversion, it suggests popping the Stack if the scanned item is an operator and the topStack item has a higher precedence. I found that this is almost correct. Popping the topStack item if it's precedence is higher OR EQUAL to the scanned operator finally made my calculations come out correct. Hopefully this will help anyone working on this problem, and thanks to Justin Poliey (and fas?) for providing some invaluable links.
The related question Equation (expression) parser with precedence? has some good information on how to get started with this as well.
-Adam
Assuming your input is an infix expression in string format, you could convert it to postfix and, using a pair of stacks: an operator stack and an operand stack, work the solution from there. You can find general algorithm information at the Wikipedia link.
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