Trouble understanding a formula in Turbulence

I'm very new to turbulence.I'm reading this book on "Turbulence: An introduction for scientist and Engineers" by Davidson. I came across this formula for energy dissipation. This is in chapter one. I cannot seem to make sense of how they obtained this formula. Can anyone explain this formula to me? • Hint: $l/u$ is a time scale. What other time scale has been mentioned in the text preceding the formula? – cutculus May 1 '16 at 4:20
• Another hint -- production = dissipation. – tpg2114 May 1 '16 at 4:21
• Please copy the text (and mark it up as a quote, of course) rather than posting images of it. This makes a difference in several ways: (a) it makes the text searchable, (b) it makes the text available to users who use screen readers, and (c) it makes a fine-grained edit history available (though that is unlikely to be a major concern in this case). You'll want to use MathJax for the math, of course. – dmckee May 1 '16 at 4:33
• @dmckee Will keep that in mind and will definitely do so in the future. – saak May 1 '16 at 4:36

The idea is all based on scaling laws, which is a very common theme in turbulence. As I mentioned in a comment, this assumes that the energy produced is equal to the energy dissipated. The energy produced is proportional to $u^2$.
The turbulence is assumed to dissipate according to some time scale. A reasonable time scale is the eddy-turnover time, or $u/l$.
$$\epsilon \propto \frac{u^2}{u/l} = \frac{u^3}{l}$$