An automobile company assembles cars in a plant and purchases batteries from a vendor in China. The average cost of each battery is $45. The automobile company takes ownership of the batteries when they arrive at the plant. It takes exactly 12 hours to make a car in the plant and the plant assembles 200 cars per 8-hour shift (currently the plant operates one shift per day). Each car uses one battery. The company holds, on average, 8,000 Batteries in raw material inventory at the plant as a buffer. Assignment: Find the total number of batteries in the plant, on average (in work-in-process at the plant and in raw material inventory). How much are these batteries worth? How many days of supply are held in raw material inventory, on average?

An automobile company assembles cars in a plant and purchases batteries from a vendor in China. The average cost of each battery is $45. The automobile company takes ownership of the batteries when they arrive at the plant. It takes exactly 12 hours to make a car in the plant and the plant assembles 200 cars per 8-hour shift (currently the plant operates one shift per day). Each car uses one battery. The company holds, on average, 8,000 Batteries in raw material inventory at the plant as a buffer. Assignment: Find the total number of batteries in the plant, on average (in work-in-process at the plant and in raw material inventory). How much are these batteries worth? How many days of supply are held in raw material inventory, on average?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter6: Optimization Models With Integer Variables

Section: Chapter Questions

Problem 70P

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