boom

(redirected from crane boom)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to crane boom: crawler crane

Boom

A period of rapid, strong economic and/or stock growth. For example, some developing countries post GDP growth of 10-12% per year, especially after they have liberalized their economic policies. Likewise, some stocks may become suddenly very popular, resulting in a boom. The dot-com bubble is one of the most famous examples of a stock boom. The problem with booms is that the growth is rarely sustainable, as investors become more and more speculative and take needless risks. Thus, most booms ultimately result in busts. Many economists believe the boom-and-bust cycle is an inevitable part of doing business, while others believe that government regulation can limit both booms and busts.

boom

see BUSINESS CYCLE.

boom

a phase of the BUSINESS CYCLE characterized by FULL EMPLOYMENT levels of output (ACTUAL GROSS NATIONAL PRODUCT) and some upward pressure on the general PRICE LEVEL (see INFLATIONARY GAP). Boom conditions are dependent on there being a high level of AGGREGATE DEMAND, which may come about autonomously or be induced by expansionary FISCAL POLICY and MONETARY POLICY. See DEMAND MANAGEMENT.
References in periodicals archive ?
Most high-reaching mobile equipment employs at least one weight-bearing joint that rotates in a single plane, such as the pivot on a dump-truck bed or the base of a crane boom.
The extent of work comprises the spooling of two 3,500 metre ROV umbilicals, the spooling of a crane boom wire and auxiliary wire, together with 3,900 metres of 135mm wire on to the vessels crane.
Manitowoc features products including Grove mobile telescoping cranes, Manitowoc lattice boom crawler cranes, Potain tower cranes, National Crane boom trucks and Shuttlelift industrial cranes in its range.
That, along with their compact cartridge design, saves cost, size and weight when compared to manifold systems, while performing in a range of control applications, such as drill rig motor drives; hydraulic motor drive circuits for lift equipment such as scissors or aerial work platforms; aircraft ground support equipment; speed controls for forklift mast systems; and metering of crane boom functions.
Tenders are invited for hiring of services for repair / fabricatioon of crane boom of ongc owned rig sagar uday
The principle scope of work involved the extension of the main crane boom, giving the A2SEA-owned offshore wind farm installation vessel increased reaching capacity: a pertinent point considering the trend of the increasing size of offshore wind turbine components.
Contract Awarded for Enlargement of 10 STS cranes, including the raising of the overall height, and extension of the crane boom, to accommodate Ultra-Large Container Ships (ULCS) of up to 20,000 TEU capacity.
In order to accommodate Ultra-Large Container Ships (ULCS) of up to 20,000 TEU capacity, APM Terminals has inked a deal for the expansion of 10 STS cranes which includes the raising of the overall height, and extension of the crane boom.
The solution is provided by sensor units installed at crane boom tips and dedicated software to process the data collected by these sensor units, where the concept is called the OptiLift framework.