I am modeling the impacts of a new asphalt and concrete manufacturing facility. The facility will, at full production, produce per year:
- 300,000 tons of asphalt
- 200,000 cubic yards of concrete
- 200,000 tons of recycled concrete and asphalt
- Enough imported material to sell 200,000 tons of raw aggregate.
The anticipated volume of aggregate sales is 200,000 tons per year.
Should I use "Industry Output" - defining value by (1) total sales revenue or (2) sales plus a change in inventory? If sales plus change in inventory - how do I quantify the change in inventory and what is the purpose of quantifying inventory changes?
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