Average service life definition

Average service life means the average expected life of all units of a group when new and is determined as the weighted dollar average of the lives of the units. It is equal to the area under the survivor curve divided by original placements.
Sample 1Sample 2
Average service life means average vehicle lifespan. The method of calculating average service life changed in 2001 for passenger cars and trucks and in 2002 for buses. 3. “Average age” and “average service life” figures are as at the end of every fiscal year. 4. The above three tables exclude mini-vehicles.
Sample 1
Average service life means average vehicle lifespan. The method of calculating average service life changed in 2001 for passenger cars and trucks and in 2002 for buses. 3. The above three tables exclude mini-vehicles.
Sample 1Sample 2

Examples of Average service life in a sentence

  • Average service life weighting produces proper results which is more likely in stable plant with slow growth.

  • Average service life weighting produces proper results if the book reserve and the reserve requirement are closely the same.

  • This is accomplished by dividing the book dollars by the remaining life for each age group or class of property, totaling these quotients and dividing the total into the total book dollars.c. Average service life weighting.

  • The average service life of TCTT in a set for calculating performance shall however be taken on the basis of first tool and not the replaced tool.• Failure not attributed to failure of TCTT as defined at clause 11.3 (i) and (ii) above: Railway shall replace the tool at its own cost and the performance of that tool shall not be taken for calculating Average service life of TCTT.

  • Average service life of CIR roads with good subgrade support was predicted to last up to 34 years, whereas that of CIR roads with poor subgrade support was predicted to last up to 22 years.

  • Average service life of untreated cottonwood posts in ground contact is 4 to 5 years.

  • The switched backbone has the QoS features needed to enable VoIP.• Average service life for a PBX switch is ten years.

  • Enhanced sustainability of road network in good condition2.1 Routine maintenance cost reduced from$1,400 to $1,000 per km through area-wide PBCs by 2012 2.2 Average service life of periodic maintenance works increased from 3 to 5 years by 2012 3.

  • The future demand for refrigerators and freezers at the State and Territory level has been modelled by Energy Efficient Strategies (EES), taking into account the following factors: • The projected number of households;• Trends in number of refrigerators and freezers owned per household;• Changing market composition (sales share of Group 1, 2 etc);• Sales in previous years (going back to 1966);• Average service life of products (estimated at 17 years for refrigerators and 21 years for freezers).

  • Service life index: Average service life (total): 75 years; Average service life (total) of the machine control system, fuel assembly tightness control system, and special TV monitoring system: minimum 75 years.


More Definitions of Average service life

Average service life has the meaning set forth in Section 1 of Appendix A.
Sample 1
Average service life means, with respect to any Debt Obligation issued after January 31, 2006, the estimated weighted average economic service life of the Capital Improvements that the District expects to finance from proceeds of such Debt Obligations issued or incurred after January 31, 2006, as determined by the District on or as of the date of the issuance or incurrence thereof. For purposes of the foregoing, land shall be deemed to have a weighted average economic service life of 25 years.
Sample 1
Average service life means average vehicle lifespan. The method of calculating average service life changed in 2001 for passenger cars and trucks and in 2002 for
Sample 1

Related to Average service life

  • Service life means the expected period of viable, technical and economic life of an asset;

  • Commercial Service means service to Customers engaged primarily in the sale of goods or services including institutions and local, sate and federal government agencies for uses other than those involving manufacturing or electric power generation.

  • System Life means all phases of the system's development, production, or support.

  • financial service means a service of a financial nature, including insurance, and a service incidental or auxiliary to a service of a financial nature;

  • Fire Service means any deployment of firefighting personnel and/or equipment to extinguish a fire or perform any preventative measure in an effort to protect equipment, life, or property in an area threatened by fire. It also includes the deployment of firefighting personnel and/or equipment to provide fire suppression, rescue, extrication, and any other services related to fire and rescue as may occasionally occur.

  • Storage Services means any Services which offer you storage capacity on the network for storage of content which you access from us.

  • Electric generation service means the provision of retail

  • flight information service means a service provided for the purpose of giving advice and information useful for the safe and efficient conduct of flights;

  • Mobile Banking Service means the EB Services which we enable you to access via the Mobile Banking App or a web browser designed for use on a Mobile Device; and

  • Basic generation service or "BGS" means electric generation

  • alerting service means a service provided to notify appropriate organisations regarding aircraft in need of search and rescue aid, and assist such organisations as required;

  • Commences Commercial Service means the date upon which a Capital Improvement is first put into or commences commercial service by a Group Member following completion of construction, replacement, improvement or expansion and testing, as applicable.

  • CMU Service means the Central Moneymarkets Unit Service, operated by the Hong Kong Monetary Authority;

  • financial service provider means a person engaged in the business of providing financial services in terms of authorisation issued or registration granted by a financial sector regulator;

  • Police Service ’ means the South African Police Service established in terms of section 5(1) of the South African Police Service Act;

  • Generation Service means the sale of electricity, including ancillary services such as the provision of reserves, to a Customer by a Competitive Supplier.

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Special service district means the same as that term is defined in Section 17D-1-102.

  • Data Service means a telecommunications service other than a voice service.

  • air service means a flight or a series of flights carrying passengers, cargo and/or mail for remuneration and/or hire;

  • account information service means an online service to provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider;

  • payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;

  • Standard Service means Facilities which meet good economic electric industry practice including safety, reliability and operating criteria and standards consistent with the particular characteristics of service as determined by FortisAlberta acting reasonably;

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Enhanced 911 Service (“E911”) means a telephone communication service which will automatically route a call dialed “9-1-1” to a designated public safety answering point (PSAP) attendant and will provide to the attendant the calling party’s telephone number and, when possible, the address from which the call is being placed and the Emergency Response agencies responsible for the location from which the call was dialed.

  • Financial Services means those activities described in Annex VI. The Stabilisation and Association Council may extend or modify the scope of that Annex.