Optimization in R – Production quantities to maximize profit

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This article showcases solving an assumed business problem using optimization, with R as the tool to do so. Optimization problems come is various shapes and sizes and complexities. In this article the focus is on a simplified version of a problem to decide on production quantities to maximize profit. Image attribute: GYassineMrabetTalk✉, CC BY 3.0 https://creativecommons.org/licenses/by/3.0, via Wikimedia Commons Introduction Manufacturing units often must decide on production quantities under various constrains, to maximize margin/profit.
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