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 purchase quantities to minimize cost. You may also like to …

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: …