Explain what is the utilization of pharma, Operation Management

Assignment Help:

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 3 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).

'Show your work for each answer.

1) What is the utilization of Pharma Blitzs development centres?

2) After a product is developed and launched to the market, it generates gross margins of US$40 million per year of patent life. After the patent expires, the product generates no gross margins. Calculate the average total gross margins generated by a product launched to the market.


Related Discussions:- Explain what is the utilization of pharma

Explain shareholder activism, McDonald's Corporation, the world's largest f...

McDonald's Corporation, the world's largest fast-food restaurant chain, with 2010 revenues of $24 billion,has recently been on a "roll." Its shareholder value has more than doubled

Main orientations to the approach and practice of retailing, Explain the fo...

Explain the four major orientations to the approach and practice of retailing.

Explain what is the market share, What is the market share, sales levels an...

What is the market share, sales levels and profit for the last 5 years for Subway Restaurant and Chick-Fil-A restaurant?

Explain electronic information exchanges throughout firms, Of focus in any ...

Of focus in any HMIS is data compatibility, which includes the use of common codes and data definitions, specifically used for electronic information exchanges throughout the organ

Explain cosmetic window dressing, Do Whole Foods Market's mission/vision an...

Do Whole Foods Market's mission/vision and the core values as presented in cases Exhibit 1 and 3 really matter? Are they "real" or just cosmetic window dressing? What evidence can

Explain total quality improvement has changed healthcare, Analyze how total...

Analyze how total quality improvement has changed healthcare delivery on both the macro and micro levels.

Ethical for organizational managers to try to get access, Do you belive it ...

Do you belive it is ethical for organizational managers to try to get access and scrutinize the Facebook pages of employees or job applicants?

Analyze and describe each party''s attitudes, Apply general attribution the...

Apply general attribution theory to analyze and explain each party's attitudes and conclusions. Hint: use consensus, consistency, distinctiveness

Explain the job performed by engineers, 1. What are some of the major diffe...

1. What are some of the major differences between the job performed by engineers and the job performed by engineer managers?

Do you think taylor''s position is similler applicable today, 1. Do you thi...

1. Do you think Taylor's position is equally applicable today? 2. Looking at Taylor's and Grayson's remarks, whick were made approximately 73 years apart, one has to wonder what

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd