Boston Plot

(see also Product life cycle model below)

A way of visualising the idea of product life cycle in terms of market share and growth.

Product Life Cycle

(See Boston Plot above)

A graphic visualisation of the 'life cycle' of a product that shows the relationship between sales and time. It can also be drawn to compare time, costs and revenue etc.

References

• Production Operations Management, Terry Hill; PHI, 1983.
• Production Systems; J L Riggs, Wiley, 1987

Find us on