Baron falcon dart, LLc (case study) - Assignment Example

Production Engineers Ralph W. Blackberries, Director RE: Master scheduling August Information This is a summary of what Falcon King’s production schedule looked like in the month of August. The company is going out of business at the end of October.Production sequenceBegin inventoryProductionDemandEnd inventoryA dart1,20001,2000ThirdB dart 06006500Second BLUE01,0001,0000FirstGREEN (was set up at beginning of month))0400240160WHITE0000Accepted ordersThe company has accepted the following orders for the months of September and October.

Sept. Oct.A1001,000B400600BLUE2001000GREEN1001250WHITE200300Assignments1) Develop a master schedule for the months of September and October. The objective is to maximize profits over these months. According to company policy, there must be zero inventories at the end of October as the company will have no room to store merchandise. 2) Provide recommendations from a LEAN PERSPECTIVEA summary of setup, sales price, material cost, and estimated holding costs is provided in the table below.

Setup time, sales price, and cost infoProductSet up timeProduction rateSales priceMaterial costShortage policyHolding costA 40 hr5 darts/hr$8/dart$5/dartLost sale (no backlogging)$100 flat fee if EndInv