Product Service Life

Product Service Life is a process that follows the different stages that a product or service encounters. It consists of business policy, using tools and calculations from maintainability and reliability analysis. Product Service Life characteristics revealed by the tests are essential for preventive maintenance and the evaluation of safety functions. Most common stages a product or service may go through during its life are introduction, growth, maturity, and decline or innovation. Actual service life is the maximal recorded life of a product.