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 social responsibility on the part of businesses, What are the argum...

What are the arguments for and against social responsibility on the part of businesses? Research the topic and discuss. In addition, which set of arguments is more compelling?

Most vital factor in determining a company''s unit sales, Which of the foll...

Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region? a The len

What are organizational and personal decisions, What are organizational and...

What are organizational and personal decisions? A way makes organizational decisions in the capacity of a company officer. These decisions reflect the fundamental policy of the

Explain inventory control, Explain inventory control. Inventory Contro...

Explain inventory control. Inventory Control - its importance and scope: Inventory control is the scientific way of finding out how much stock  be maintained so as to meet the

Describe why operational efficiency is so important, Explain why operationa...

Explain why operational efficiency is so important to Net Income, Return on Capital and Income.

Explain forgo economic profit in order to increase social, When is it ok to...

When is it ok to forgo economic profit in order to increase social returns?

Explain research process to start searching for participants, When is the b...

When is the best time in the research process to start searching for participants?

Analyse the cost - benefits and resources , Undertake Systems based analysi...

Undertake Systems based analysis, including: i. Developing a systems based diagnosis of the ‘situation'; ii. Analyse one or more processes which are considered to be problem

Explain family medical leave act, Bella, a single mother, worked for one of...

Bella, a single mother, worked for one of Casper's Burger King Restaurants, where she had a record of perfect attendance. One Saturday, her three-year old son awoke with a high fev

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