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 ?
Coupled with a robust commitment to life cycle systems management principles and enhanced product support processes and tools, supportability, as the integral fourth element of the acquisition system, serves to facilitate acquisition success across the system life cycle.
The budget cuts are manageable provided that a comprehensive systems engineering plan is in place that holds true to the systems engineering tenet of managing total system life cycle costs.
In a net-centric world, constrained by legal and regulatory requirements, education in the new C&A process is essential to provide a foundation for the execution of the new process throughout the system life cycle.
The August 2005 Defense Department Manufacturing Technology Improvements for Warfighters pamphlet describes how the DoD ManTech Program "supports the development of a responsive, world-class manufacturing capability to affordably meet the warfighters' needs throughout the defense system life cycle.
His expertise in automated enterprise resource planning systems projects, with an emphasis on SAP, spans the system life cycle, from project planning, through implementation, to maintaining compliance and remediation.
In addition, PEAK has over 250 customer engineers throughout North America and Europe to provide SAP users with seamless product and system life cycle service and support.
Technology development projects should also, from the outset, identify the key interfaces between technology-embedded products to ensure continuing access to such technologies throughout the system life cycle.
CFAO Technologies provides solutions at all stages of a customer's IT system life cycle like consulting, devising solutions, installation, maintenance and optimization.

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