I need help with finding some facts about craft brewing industry: What is the ti

Question

I need help with finding some facts about craft brewing industry:

What is the time target for beer? (T1) estimate ( including testing, designing marketing, revolutionizing a new flavor of a new type of beer)?

Time until the profit deterioration? (T2) ( as the indusry becomes saturated what is the saturation phase) Estimate?

What is the life span (T1-T2) = how many years to develop a new gneration of product for the market?

Please answer it with some reasoning/ sources! Thank you

For Example: Video Game Industry

Time Target (T1) = 2 years

Since the production process is dependent on the genre of game in development, as well as team size, the time target varies. However, on average it takes roughly 2 years to develop and launch a game in the market.

Time Until Profit Deterioration (T2) = 5 years

As platforms begin their saturation phase and consumers anticipate the next generation, sales of current software for said platform slow down. With that said, a platform reaches its saturation phase between 4-6 years after launch, with the average of 5 years.

Life Span (T2 – T1) = 3 years

Provided with our time target, as well are the time it takes for a product’s profit to deteriorate, one can conclude that it takes an average of 3 years, for the video game industry, to develop a new generation of products for the market.

Explanation / Answer

Time Target =3 year

As it is consummable product and we need to get legal acceptance from government to run industry in the market.Thereafter product test has to be done by xhemical experts which will take place two to three levels. designing a market will also a tough job as per the current compitition in the Market.

Time Until Profit Deterioration = 6Years

It is assumed that the inventory deteriorates over time at a varying rate and shortages in inventory are allowed.
The model considers a production environment with a finite replenishment rate.
The time-value of money for various costs associated with the inventory system is also considered.

Life Span (T2 – T1) = 6-3 =3

It will depends on the demand towards the product and based on that there is scope to introduce another new product for the market.

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