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...

See similar textbooks

Similar questions

Digital Controls, Inc. (DCI), manufactures two models of a radar gun used by police to monitor the speed of automobiles. Model A has an accuracy of plus or minus 1 mile per hour, whereas the smaller model B has an accuracy of plus or minus miles per hour. For the next week, the company has orders for 100 units of model A and 150 units of model B. Although DCI purchases all the electronic components used in both models, the plastic cases for both models are manufactured at a DCI plant in Newark, New Jersey. Each model A case requires 4 minutes of injection-molding time and 6 minutes of assembly time. Each model B case requires 3 minutes of injection-molding time and 8 minutes of assembly time. For next week, the Newark plant has 600 minutes of injection-molding time available and 1,080 minutes of assembly time available. The manufacturing cost is $10 per case for model A and $6 per case for model B. Depending upon demand and the time available at the Newark plant, DCI occasionally…
Non-inventory goods were purchased and delivered on June 15, 2010. Several security interests exist in these goods. Which of the following security interests has priority over the others? Group of answer choices purchase money security interest perfected June 24, 2010 Security interest perfected June 20, 2010 Security interest attached June 15, 2010 Security interest in future goods attached on June 10, 2010
Suppose a final assembly is produced by assembling two components. THE The first component, A, is produced internally and goes through three process steps, which are stamping, forging and machining, with scrap estimates of 10%, 15% and 25%, respectively. For every three produced units of component A, two are used in the final assembly and one is separate to meet spare parts needs. The second component, B, which is used exclusively in final assembly, is purchased from a supplier external and inspected on arrival; 2% do not pass inspection. A unit of the component purchased is required for each final assembly. The final assembly process produces 5% of scraps. Spare parts demands for component A and final Su assembly match to 1,000 and 5,000 units, respectively. How many input units are needed for produce component A, and how many units of component B should the firm buy?
The UCC only covers goods transaction, not services transactions. True False
Neverland Company, a retailer, plans to sell 15,000 units of Product X during the month of August. If the company has 2,500 units on hand at the start of the month, and plans to have 2,000 units on hand at the end of the month, how many units of Product X must be purchased from the supplier during the month? * 17,000 15,000 14,500 15,500
Atlanta Manufacturing Company produces products W, X, Y, and Z through a joint process. The joint costs amount to $250,000. Product Units Produced Sales Value at Split-Off Additional Costs of Processing Sales Value After Processing W 750 $10,000 $2,500 $15,000 X 1,500 $30,000 $3,000 $35,000 Y 1,000 $20,000 $4,000 $25,000 Z 1,500 $40,000 $6,000 $45,000 If W is processed further, profits of W will: 1) Increase by $2,500 2) Increase by $12,500 3) Decrease by $23,000 4) Increase by $5,000
The sales department clerk receives a customer orders from the customers and prepares a three-part sales order. The three copies are sent to the credit department for approval, where the clerk reviews the Customer Credit Records. After approval, the credit department clerk returns one copy of the sales order to the Sales Department, where it is reviewed and filed. The remaining two copies are sent to the warehouse. The Warehouse clerk picks the goods from the shelves and sends them along with one copy of the sales order to the shipping department. The third copy of the sales order is filed in the warehouse. Upon receipt if the goods, the shipping clerk prepares a shipping notice and sends the goods and one copy of the sales order to the customer. The clerk then sends the shipping notice to the Billing Department. Upon receipt of the shipping notice the billing clerk updates the customer’s account receivable and files the shipping notice in the department. Required Prepare a system…
The Goodparts Company produces a component that is subsequently used in the aerospace industry. The component consists of three parts (A, B, and C) that are purchased from outside and cost 35, 30, and 10 cents per piece, respectively. Parts A and B are assembled first on assembly line 1, which produces 185 components per hour. Part C undergoes a drilling operation before being finally assembled with the output from assembly line 1. There are, in total, six drilling machines, but at present only three of them are operational. Each drilling machine drills part C at a rate of 80 parts per hour. In the final assembly, the output from assembly line 1 is assembled with the drilled part C. The final assembly line produces at a rate of 205 components per hour. At present, components are produced eight hours a day and five days a week. Management believes that if the need arises, it can add a second shift of eight hours for the assembly lines. The cost of assembly labor is 30 cents per part for…
A company has two warehouses that store different products: Tashkent and Samarkand. When an order is received, it is distributed across these warehouses: if some of the relevant products are maintained in Tashkent, a sub-order is sent there; likewise, if some relevant products are maintained in Samarkand, a sub-order is sent there. Afterward, the order is registered and the process completes. Draw a detailed BPMM model for this scenario
The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.What are the equivalent units of production for the conversion costs during the period? 17,100. 14,500. 15,100. 16,500.
The sales department receives all orders from the customers. While receiving the order, the sales team authorizes the payment and check line items. If authorization is failed, a cancelation message is sent to the customer. On the other hand, each line item is checked with the stock. If it is in stock, assigned to the order otherwise the item is removed from the list. If stocks are available for all products and payment is authorized, the sales team dispatched the order.Shipping teams ship the order to the customer. The method of delivery is decided conditionally. Depending on the condition either the Urgent Delivery activity or the Regular Delivery activity is performed. The delivery procedure is finished when the customer receives it and signs in. Draw an Activity diagram based on the above scenario.
At the Lebanese factory "DELCO", John is using a system to produce the bar codes attached on the product bulks for identification. Each bulk contains 100 units of a certain product, and all the information related to the products inside the bulk are then represented by the barcode. Once prepared, the bulks are transferred to a very large warehouse and the location of each one is entered on the system. At a later stage, John uses the barcode in the warehouse to identify the right bulks for delivery, after being scanned using a special wireless barcode scanner. This way, John can decide in a better way how and when to make the shipments. This system helps John to save time and minimize the errors, and to perform his daily work in the most efficient way. On the other side, "DELCO" is facing a problem of late delivery to customers. In fact, dealing with hundreds of suppliers, wholesalers, and agents around the world makes this process very complicated. Most of the times, the shipments from…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS

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