Company ZWZ manufactures three products in a serial system; Product XA is manufactured in Stage 1, Product XB in Stage 2, and XC in Stage 3. Product XB has a sales potential in the market; hence, some of it can be sold at the end of Stage 2, andthe remaining can be moved to Stage 3. The third stage produces Product XC, and then delivers it to customers. Two units of Product XA produced in Stage 1 are required for each unit of Product XB in Stage 2. In addition, four units of Product XBproduced in Stage 2 are required for each unit of Product XC in Stage 3.Stage 1 can only use regular time; however, Stage 2 has the options of using regular time and overtime in manufacturing. On the other hand, Stage 3 has only one alternative, which is subcontracting. The pertinent data are provided below:Stage 2Stage 111No overtimeNosubcontractingNo sales0.07Unit regular time cost (TL)Unit overtime cost (TL)Unit subcontracting cost (TL)Unit selling price (TL)Unit processing time (hrs)Regular time capacity (hrs)Overtime capacity (hrs)Minimum subcontractingvolume (units)Maximum sales volume (units)320No overtimeNosubcontractingNo salesFormulate the production planning problem of the company as a three-stage model (Define the decision variables explicitly!).Hint: Drawing the system first will help you in modelling.1218Nosubcontracting250.0916080Nosubcontracting3300Stage 3No regular timeNo overtime2230No regular timeNo overtime1004500

Production planning is a crucial aspect of manufacturing and business operations. It involves the…

Answered: Maximum sales volume (units) Formulate…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Maximum sales volume (units) Formulate the production planning problem of the company as a three-stage model (Define the decision variables explicitly!). Hint: Drawing the system first will help you in modelling No sales