Use of lpSolve library to apply linear programming
We will use RmarkDown for presentation of project
Problem Statement A car company produces 2 models, model A and model B. Long-term projections indicate an expected demand of at least 100 model A cars and 80 model B cars each day. Because of limitations on production capacity, no more than 200 model A cars and 170 model B cars can be made daily. To satisfy a shipping contract, a total of at least 200 cars much be shipped each day. If each model A car sold results in a $2000 loss, but each model B car produces a $5000 profit, how many of each type should be made daily to maximize net profits?