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Pharma Blitz develops and markets new technological products to be used in health care. The development of a new product operates as follows. When a new technology meets the requisite market potential, a new patent is filed. Patents are granted for a period of 12 years starting from the date of filing and expire after that. Once the patent is filed, the new
Technology is developed at one of its three independent development centres, and is then launched to the market. Each product is developed at only one center, and each center can only develop a single patented technology at a time. Once a center becomes available, it immediately starts working on the next patented technology that is waiting to be developed, if there is any. On average, Pharma Blitz files a new patent every 5 months (with standard deviation of 5 months). The average development process lasts 12 months (with standard deviation of 24 months).
Identify a real-life example or application of either the binomial or Poisson distribution. Specify how the conditions for that distribution are met. Suggest reasonable values for
what happens if line balance doesnt exist?
Why would it be harder for heavily unionized organizations to settle on their bargaining targets than for those with a small proportion of unionized employees?
If you are picketing your employer for higher wages and your neighbour is hired to replace you only while you march, the Mackay Doctrine says that, when the strike is over, your ne
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Why is cutting cost an advantage of reducing project scope? Need at least a paragraph
IT is one of most globally integrated corporate function how is IT different from other business areas when it comes to global integration? why do you think this is the case?
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