Pharmadev Product Development
Autor: Jason McCoy • February 21, 2016 • Case Study • 1,283 Words (6 Pages) • 910 Views
(Q1-Q3) PharmaDev Product Development
Assumptions
Stage | Variable | Definition | Value | Unit |
1) Invention of new technology | [pic 1] | Patent length | 144 | Months |
[pic 2] | New patent issued | 5 | Months | |
[pic 3] | Arrival rate | 1/5 | ||
[pic 4] | Standard deviation | 5 | Months | |
[pic 5] | Coefficient of variation | 1 | ||
2) Product Development | [pic 6] | Product development (PD) process | 12 | Months |
[pic 7] | Capacity of each PD center | 1/12 | ||
[pic 8] | Standard deviation | 24 | Months | |
[pic 9] | Coefficient of variation | 2 | ||
[pic 10] | Number of PD centers | 3 |
Q1) What is the utilization of PharmaDev’s product development centers?
[pic 11]
Q1 Answer: The utilization rate of PharmaDev’s product development centers is 80%.
Q2) On average, how long does it take for new technology from winning a patent to the start of the product development process?
[pic 12]
[pic 13]
[pic 14]
Q2 Answer: On average, it takes 33.25 months from winning a patent to the start of the product development process.
Q3) On average, how many years of patent life are left for a new product when it is launched into the market?
[pic 15]
We know that patents are granted for a period of 12 years (144 months) from the date of issue. To calculate the years of patent life remaining for a new product once it has been launched we subtract the flow time of the product development process from the patent life.
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