Obsolescence

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Related to Obselete: obsolescence, absolute

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 Items or buildings that become out of date or practice and fall into disuse; also impairment of a building resulting from a change in the design or from external influences which tend to make the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 ?
I say wasteland because it was littered with open spaces which were as much an eyesore as they were obselete.
Nor have there been the consequences for women that Rowland suggested -- women have not `become obselete or los[t] their right to bear children'.
One of its obselete fab lines in Japan will be shut down but it will also invest $70m to upgrade its Oregon-based 64Mbit DRAM plant to produce large-scale integration chips and other memory.
By breaking out of the auto manufacturing paradigm set by big US companies and picking up innovative new management ideas, Japan starting the Quality Revolution that made the old manufacturing scheme obselete and uncompetative in short order.
If it was more than a year ago, your routes are probably obselete.
Add back: Adjustment for SOP 97-2 (now ASC 985-605) software revenue recognition, stock-based compensation, excess and obselete and related recoveries, amortization of intangibles and cost of revenue step up arising from acquisition of substantially all the assets of Silicon Graphics, Inc.