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 supermarket is monitored using a range, Checkout time at a supermar...

Checkout time at a supermarket is monitored using a range and mean chart. Six samples which contain 20 observations per sample have been collected and the sample means and sample r

Explain project management best practice, Give five potential underlying re...

Give five potential underlying reasons why projects commonly fail. For each potential failure point that you name, identify at least one project management best practice or techniq

Explain the forecasted demand for fudge, The forecasted demand for fudge fo...

The forecasted demand for fudge for the next four months is 140, 160, 90 and 70 pounds. A) What is the recommended production rate if a level strategy is adopted with no back order

Describe how you might use job enlargement, Explains how you might use job ...

Explains how you might use job enlargement, job rotation, and/ or job enrichment to in motivating custodians at Norman dale CC.

Explain jit for organization, Just-in-Time (JIT) Please respond to the foll...

Just-in-Time (JIT) Please respond to the following- • Develop three examples that illustrate how a manufacturing company of your choice uses JIT, and then determine three to fou

Explain null and alternative hypotheses to be tested, TRUE or FALSE. The Se...

TRUE or FALSE. The Sergio Lumber Company manufacturers plywood. One step in the process is the one where the veneer is dried by passing through a huge dryer (similar to an oven) wh

What is the influence of losses in the process in inspection, What is the i...

What is the impact of losses in the process in Inspection and Final Test?

Derive the demand functions of agent for good, 1. An agent has a utility fu...

1. An agent has a utility function over goods 1 and 2 of the form U = x c 1 x d 2 where c is your individual number and d is your minimum number. The agent's income is equal t

Describe the value chain, Question 1: Describe the main growth strategi...

Question 1: Describe the main growth strategies that a firm can pursue and discuss conditions that favour each strategic option. Support your answer with suitable examples.

Operations strategy in financial services, According to Macintosh (2007), t...

According to Macintosh (2007), the greatest challenge facing modern managers is to raise the quality and productivity of service work. Or Many prominent managerial authors argue th

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