Mango Electronics Inc. is a Fortune 500 company that develops and markets innovative consumer electronics products. The development process proceeds as follows. Mango researches new technologies to address unmet market needs. Patents are filed for products that have the requisite market potential. Patents are granted 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 five independent development centers. Each product is only developed at one center. Each center has all the requisite skills to bring any of the products to market (a center works on one product at a time). On average, Mango files a patent every 7 months (with standard deviation of 7 months). The average development process lasts 28 months (with standard deviation of 56 months). a. What is the utilization of Mango’s development facilities? b. How long does it take an average technology to go from filing a patent to being launched in the market as a commercial product? c. How many years of patent life are left for an average product launched by Mango Electronics?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Mango Electronics Inc. is a Fortune 500 company that develops and
markets innovative consumer electronics products. The development process proceeds as
follows.
Mango researches new technologies to address unmet market needs. Patents are filed for
products that have the requisite market potential. Patents are granted 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 five independent development centers. Each product is
only developed at one center. Each center has all the requisite skills to bring any of the products
to market (a center works on one product at a time). On average, Mango files a patent every 7
months (with standard deviation of 7 months). The average development process lasts 28 months
(with standard deviation of 56 months).
a. What is the utilization of Mango’s development facilities?
b. How long does it take an average technology to go from filing a patent to being launched
in the market as a commercial product?
c. How many years of patent life are left for an average product launched by Mango
Electronics?
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
