life cycle

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Life cycle

The lifetime of a product or business, from its creation to its demise or transformation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

life cycle

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Each of us, regardless of our functional background or program, must understand and advocate for establishment and successful achievement of the "big four" sustainment metrics (availability, materiel reliability, ownership cost, and mean down time) across the system life cycle. It's not enough to, achieve just two or three.
Reducing weapon system life cycle costs--like achieving war-fighter performance requirements--is an endeavor that continues throughout a system's life cycle.
The focus on the near-term tangible direct products of machined metal and coded software should not be at the expense of the long-term system life cycle performance parameters.
Gate review briefings of individual system life cycle sustainment should increasingly be balanced by a perspective of sustainment affordability for related and collective warfighting performance capabilities that the Navy will be sustaining over the same period of time.
The DIACAP directly supports the DoD Instruction 8580.1, Information Assurance in the Defense Acquisition System; DoD Directive 5000.1, Defense Acquisition System; and DoD Instruction 5000.2, Operation of the Defense Acquisition System, by providing the capability to introduce IA into any stage of the system life cycle, with an emphasis on building in IA capabilities during the concept refinement and technical development phases and synchronizing the DIACAP activities with the entire life cycle.
Ensure that system life cycle plans and program baselines are in place to manage the information technology investments that flow from the architecture-based transition planning.
The result provides reduced weapons system life cycle costs by improving performance over existing technologies, reducing environmental costs, and reducing maintenance turnaround times.
We are convinced that efficient use of M & S throughout the system life cycle will net great dividends in efficiencies."
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." This 16-page brochure presents an overview of the ManTech Program and clearly demonstrates the contributions and commitment of the program to the development and sustainment of critical military technology.
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.
This guide provides a template for PMs to use in defining and assessing their program activities to meet DoD policy requirements throughout the weapon system life cycle. Emphasis is placed on designing for increased reliability and reduced logistics footprint and on providing for effective product support through performance-based logistics (PBL) strategies.

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