Suffolk analytics inc is a fortune500 company that develops, Ask an Expert

Management Studies

Suffolk Analytics Inc. is a Fortune500 company that develops and markets innovative consumer electronics products. The development process proceeds as follows. Suffolk researches new technologies to address unmet market needs. Patents are filed for products that have the requisite market potential. Patents are guaranteed for a period of 20 years starting from the date of issue. After receiving a patent, the patented technologies are then developed into marketable products at 5 independent development centers worldwide. Each product is only developed at one center. Each center has all the requisite skills to bring any of the products to the market (a center works on one product at a time). On an average, Suffolk receives a patent every 4 months (with standard deviation of 4 months). The average development process lasts 14 months (with standard deviation of 28 months). What is the average utilization of Suffolk Analytics’ development facilities?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91638900

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