life cycle


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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 ?
M2 PRESSWIRE-July 26, 2019-: Application Development Life Cycle Management (ADLM) Software Market : Key To Drive Bussiness Intelligence Towards 2023
Customers, green building programs, and end users are asking for credible life cycle information.
A life cycle is the series of changes in the life of a plant or an animal.
product support considerations, germane to both acquisition and logistics, are necessary throughout the DoD life cycle framework, beginning with early requirements determination and continuing through system design, development, operational use, retirement, and disposal."
Life cycle costing is defined by the British Standards Institute (BSI) as "the cost of an asset, or its part throughout its cycle life, while fulfilling the performance requirements." (BS/ ISO 15686-5 Buildings & Constructed Assets: Service Life Planning: Life Cycle Costing).
Sogeti, a provider of professional technology services, specialising in Application Management, Infrastructure Management, High-Tech Engineering and Testing, on Thursday launched TMap Life Cycle, its free app for iOS and Android.
** MOLNAR, Michael Humpback Whales ISBN 9781420282559 SCIS 1507169; Laysan Albatross ISBN 9781420282573 SCIS 1508243; Great White Sharks ISBN 9781420282542 SCIS 1508252 Macmillan Library (Life Cycles of Marine Animals), 2011 32pp $28.99
The true solution requires not only acquisition, but also a program of information governance throughout the entire records life cycle.
It is a semantic study of the vocabulary of the life cycle in the Hebrew Bible, concentrating on major lexemes pertaining to the young, the mature, and aged.
The approach to the principle of life cycle with regard to the manufacturing costs came up in the 1980's and 1990's.
So, it is necessary to be able to calculate the quantity of waste created during the life cycle of the product, much fundamental information on manufacturing processes, materials and used energy.
However, DOD acquisition and cost estimation guidance does not require that O&S cost estimates be updated throughout a system's life cycle or that information on program changes affecting the system's life-cycle O&S costs be retained.