Obsolescence


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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 Items or buildings that become out of date or practice and fall into disuse; also impairment of a building resulting from a change in the design or from external influences which tend to make the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 ?
Take CNA Insurance Cos., which has continuously updated its hardware and software, viewing the newer products as an insurance policy of sorts against obsolescence. "There are no good solutions to obsolescence," declares Dennis H.
In industries with high fixed and low variable costs, obsolescence is not expensive, and the tendency is to "overshoot" - which is why publishers regard unsold goods amounting to 20 percent of a print run as acceptable.
Moreover, the fraction of the total quantity of information that is older than some given number of years (and hence more susceptible to depreciation or obsolescence) is also essentially constant on a per capita basis.
For instance, the idea of urban obsolescence was initiated by real estate assessors.
A Broader Move: EU-Wide Initiatives to Combat Planned Obsolescence
London's idea of government-controlled planned obsolescence never caught on, unless you count date codes on food products, and even those are not usually legally mandated.
In estimating functional and economic obsolescence, the board of tax appeals (BOTA) weighed two opposite positions: the county asserted the ancillary facilities suffered from no obsolescence, while Kansas Star claimed the facilities were fully obsolete.
SENSATIONAL CRIMESWhat the cybercrimes law criminalises are the sensational crimes committed by common people.When consumers complained about short lifespans for electronic gadgets, France was the first country to act: It criminalised selling products with planned obsolescence there.
A French consumer association called "HOP" — standing for "Stop Planned Obsolescence" — filed a legal complaint against Apple.
This holds especially if the quantity of capital represented by older goods has been reduced for obsolescence (as Griliches and Jorgenson did).
"Architecture and Waste: A (Re)planned Obsolescence" presents a refreshed, design-led approach to waste-to-energy (WTE) plants, reflecting work done at Harvard University Graduate School of Design (GSD).
Ann Arbor, MI, July 13, 2017 --(PR.com)-- CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces an upcoming free educational webinar, "Managing PLM Solution and Data Obsolescence." The webinar will take place on August 10, 2017 at 11:00 a.m.