life cycle

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Related to System life cycle: System Development Life Cycle

Life cycle

The lifetime of a product or business, from its creation to its demise or transformation.

Industry Life Cycle

The period of time from the introduction of an industry to its decline and stagnation. Different analyses posit different stages of an industry life cycle (usually four to five), but all emphasize that an industry has a beginning, with technological innovation; a period of rapid growth; maturity and consolidation; and finally decline and possibly death. For example, in the video cassette recording (VCR) industry, the mid-1970s were a period of decentralized technological innovation, with VHS and Betamax formats vying for dominance. Later, video cassettes very quickly became a common household item. In the maturity phase, different companies selling VCRs attempted to corner a greater market share for their own (identical) versions of the product. Finally, the industry declined and was eventually supplanted by DVD players. An industry life cycle can be prolonged by several factors, including opening new markets to the product, finding new uses for the same product, or even attaining government subsidies. The concept of an industry life cycles applies most readily to the sale of goods and it is difficult to gauge how it works in a service economy.

life cycle

  1. the stage people have reached in their life, from single at home through young parents to solitary retired. See SOCIOECONOMIC GROUP, BUYER BEHAVIOUR.
  2. see PRODUCT LIFE CYCLE.

life cycle

The various phases of a project—predevelopment, development, leasing, operating, and rehabilitation.

References in periodicals archive ?
Our experience providing trusted weapon system life cycle management solutions throughout the USAF eLOG21 arena has positioned Anteon as a key partner in the transformation of Air Force logistics in the 21st century.
According to Kishore Kumar, co-founder of TeleVital, a company that provides integrated eSolutions for comprehensive health system life cycle management: "Through its SaaS Enablement Program, OpSource ensured that we addressed the many levels of complexity in delivering a SaaS offering.
The system of delivery and to agree with the selected supplier system life cycle development, training, maintenance and support services (framework agreement) for up to 6 years.
Working with the leaders in memory products, as well as with industry leaders and OEMs, is critical because together we're building next-generation solutions to meet customer demands for increased levels of performance, reliability and system life cycle.
Framework agreement is concluded for further development of the system, additional licenses and other system-related additional purchases planned for the entire system life cycle.
serves as a charter sponsor, is to transform the market for pump systems and services to one based on system life cycle costs rather than equipment first costs -- with an important focus on energy-savings opportunities.
A hypertext based learning system life cycle model has been developed to describe the whole life cycle of courseware, from the initial planning and production to the final use, in terms of user requirements.
Extended system life cycles versus shorter technology cycles
They focus on supporting the entire software system life cycles, including product development, system integration services, and software technology education.
2004-March 2005) underscores the paradigm shift needed in the way DoD views system life cycles and supportability.

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