Obsolescence


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Related to Obsolescence: external obsolescence, functional obsolescence, economic obsolescence

obsolescence

[‚äb·sə′les·əns]
(engineering)
Decreasing value of functional and physical assets or value of a product or facility from technological changes rather than deterioration.

Obsolescence

A loss in value due to a decrease in the usefulness of property caused by decay, changes in technology, people’s behavioral patterns and tastes, or environmental changes. Items or buildings that become out of date or practice and fall into disuse; also impairment of a building resulting from a change in the design or from external influences which tend to make the property less desirable for continued use.
References in periodicals archive ?
In addition to supporting mission readiness, AVCOM delivers significant savings for the total cost of a system or platform by efficiently resolving difficult part obsolescence issues and providing advanced planning capabilities for managing the full life-cycle needs of a product, said DeEtte Gray, president of BAE Systems Intelligence & Security sector.
Even if a company sees increases in its sales taxes, it might be possible to offset that cost with reductions in property taxes due to external obsolescence (also known as economic obsolescence).
This article employs macroeconomic data to demonstrate that entrepreneurial profit, entrepreneurial incentive, and external obsolescence are real phenomena.
The most commonly subscribed definitions of obsolescence are those related to job performance (Burack & Pati 1970, Dubin 1990, Harel & Cohen 1982, Reeser 1977, Kaufman 1974, Fossum et.
Obsolescence -- the process or condition by which a piece of equipment becomes no longer useful, or a form and function no longer current or available for production or repair.
Total Parts Plus specializes in obsolescence management and environmental compliance solutions in the form of data content, web-based solutions, and custom engineering services.
The chapters give detailed attention to the considerable and numerous problems of maintaining perpetual access to digital resources and the difficulty of managing the fast-moving forces of technology and obsolescence.
Functional obsolescence is a form of depreciation where the loss in value is due to factors inherent in the property itself and due to changes in design, or process resulting in inadequacy, over capacity, excess construction, lack of functional utility or excess operating costs.
This implies that storage hardware environments will completely turn over in every four to five years and the removable media will completely migrate to a new media in ten years or less before facing the obsolescence factor.
In a key unpublished decision of California's Second District Court of Appeals, Treasure Chest Advertising v County of Los Angeles, the court held that assessors are required to take economic obsolescence into account when valuing property.
To make Ebonics and educational priority for African American children is irresponsible at best and planned obsolescence at worst.