QUESTION 3 [25]: Pharma Devis a Abu Dhabi based company develops and markets new technological products to be used in healthcare. 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 issue. Once the patent is fled the new technology is developed at one of its three Independent development centers and is the 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 On average, Pharma Devfles a new patent every 5 months (with standard deviation of months). The average development process lasts 12 months (with standard deviation of 24 months) 3.a What is the utilization of Pharma Dev's development facilities? 3b How long does it take for an average technology from winning a patent to start the development process 3. How many years of patent life are left for an average product launched to the market? 3.d On average how many patented products are undergoing development or waiting to be developed? QUESTION 3 [25]: Pharma Devis a Abu Dhabi based company develops and markets new technological products to be used in healthcare. 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 issue. Once the patent is fled the new technology is developed at one of its three Independent development centers and is the 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 On average, Pharma Devfles a new patent every 5 months (with standard deviation of months). The average development process lasts 12 months (with standard deviation of 24 months) 3.a What is the utilization of Pharma Dev's development facilities? 3b How long does it take for an average technology from winning a patent to start the development process 3. How many years of patent life are left for an average product launched to the market? 3.d On average how many patented products are undergoing development or waiting to be developed