A model lifecycle management method includes: executing a model initial development phase based on at least a first criteria, a second criteria, and a third criteria to obtain a set of production ready models; executing, using the set of production ready models, a model production phase based on at least a fourth criteria, a fifth criteria, and a sixth criteria to obtain; and executing, after executing the model production phase, using the set of models to be updated, a model update phase based on at least a seventh criteria on at least one model in the model production phase.