Líftímalíkönum
Líftímalíkönum, which translates to "life-cycle models" in English, are conceptual frameworks used to understand and describe the various stages an entity experiences from its inception to its eventual end. These models are broadly applicable across numerous disciplines, including biology, business, technology, and project management. In biology, a life-cycle model might illustrate the stages of a plant, from seed to mature organism and reproduction. In business, it can represent the evolution of a product, from introduction to growth, maturity, and decline.
The core purpose of a líftímalíkönum is to provide a structured way to analyze change over time.
Different fields may have variations in the specific stages included or the terminology used. However, the