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

Define how customers were affected the bp oil spill disaster, How customers...

How customers were affected the BP oil spill disaster in the gulf

Ethical organizations are founded through ethical leadership, Discuss how e...

Discuss how ethical organizations are created through ethical leadership and organizational structures and systems.

Explain inventory tracking systems, Bill of Materials are kept current with...

Bill of Materials are kept current with changes using: a) Inventory Tracking Systems b) Engineering Change Order Systems c) Master Scheduling Systems d) Capacity Planni

Mean value - statistical aspects of variability, Mean value - Statistical A...

Mean value - Statistical Aspects of Variability The arithmetical mean value (µ, mu) of the measurements can be readily calculated, as follows. Let the class mid- point values

Explain statistical differences between men and women, What rule of thumb o...

What rule of thumb or guidelines would you recommend for deciding whether statistical differences between men and women, or non-minorities and minorities, reflect discrimination oc

Explain stanley milgram''s famous experiment, Describe Stanley Milgram's fa...

Describe Stanley Milgram's famous experiment. What are its most significant implications?

Do whole foods markets mission and vision, Do Whole Foods Markets mission/v...

Do Whole Foods Markets 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 you

Important functions of maintenance department, Problem 1: What are the ...

Problem 1: What are the important functions of maintenance department? Day to day activities Keeping the machinery, equipment, and services in proper working condition

Theory of constraints in a company, Theory of Constraints in a Company ...

Theory of Constraints in a Company The XYZ Group is one of the largest landscaping companies in the United States. Sixty per cent of the business is landscape maintenance; the

Key issues when implementing an erp system, 1. Discuss how you interpret th...

1. Discuss how you interpret the statement 'ERP is the 'meat and potatoes' of the organisation'.  2. What are the key issues when implementing an ERP system?  3. How will tra

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