economic life

(redirected from Useful life)
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economic life

[‚ek·ə′näm·ik ′līf]
(industrial engineering)
The number of years after which a capital good should be replaced in order to minimize the long-run annual cost of operation, repair, depreciation, and capital. Also known as project life.
References in classic literature ?
To watch, teach, "form" little Flora would too evidently be the making of a happy and useful life.
On the very night after his capture the aneurism burst, and he was found in the morning stretched upon the floor of the cell, with a placid smile upon his face, as though he had been able in his dying moments to look back upon a useful life, and on work well done.
Along the path of a useful life, Will heartsease ever bloom.
Cato says that the profits of agriculture are particularly pious or just (maximeque pius quaestus), and according to Varro the old Romans "called the same earth Mother and Ceres, and thought that they who cultivated it led a pious and useful life, and that they alone were left of the race of King Saturn.
If, when I tell you, dearest dear, that your agony is over, and that I have come here to take you from it, and that we go to England to be at peace and at rest, I cause you to think of your useful life laid waste, and of our native France so wicked to you, weep for it, weep for it
It is an inspiring sight when one stands on the platform there and sees before him eleven or twelve hundred earnest young men and women; and one cannot but feel that it is a privilege to help to guide them to a higher and more useful life.
All remote facility piping will be recoated to extend the useful life.
WHERE grey hair in a man seems to signify power, experience and respect, in a woman it says she has finished her useful life as breeding material and is best left to her own devices - and ignored.
A] valuable and treasured art piece does not have a determinable useful life.
TOTAL COST OF ownership represents all the costs to own and operate a piece of equipment over its useful life.
A Facility Condition Report prepared by TFM's building professionals will evaluate major building systems, catalogue remaining useful life and replacement costs, factor in energy consumption and cost of maintenance, and present the data in easy-to-understand charts and graphics.
The proposed regulations expand the standards in the current regulations, and provide guidance on the economic useful life of a unit of property and activities that prolong that useful life.