Bullseye Shirt Company Makes Three Types of Shirts: Athletic, Varsity

question 61

Short Answer

Bullseye Shirt Company makes three types of shirts: athletic, varsity, and surfer. The shirts are made from different combinations of cotton and rayon. The cost per yard of cotton is $5 and the cost for rayon is $7. Bullseye can receive up to 4000 yards of cotton and 3000 yards of rayon per week.
The table below shows relevant manufacturing information:



-Assume that the decision variables are defined as follows:
A = total number of athletic shirts produced
V = total number of varsity shirts produced
S = total number of surfer shirts produced
C = yards of cotton purchased
R = yards of rayon purchased
Xij = yards of fabric i (C or R) blended into shirt j (A, V or S)
Write the objective function.

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Definitions:

Nominal Exchange Rate

The speed at which the currency of one nation can be traded for the currency of another nation, without correction for inflation.

Trade Balance

Trade balance is the difference between the value of a country's exports and imports over a certain period, indicating the relative strength of its international trade.

Investment

The allocation of resources, often financial, into endeavors with the expectation of generating future returns.

Purchasing-Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" to assess the relative value of currencies.