Author Topic: Functional obsolescence  (Read 257 times)

Offline munna99185

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Functional obsolescence
« on: April 03, 2014, 04:13:27 PM »
Functional obsolescence is the a reduction in the usefulness or desirability of an object because of an outdated design feature, usually one that cannot be easily changed. The term is commonly used in real estate, but has a wide application. An original house in an older part of town that has two bedrooms and one bathroom could be considered functionally obsolete if all the other original homes in the area are torn down over the years and replaced with five bedroom, three bathroom houses. Because the old house does not have the features that most modern buyers want, it is said to be functionally obsolete, even if it is still in good condition and is perfectly livable.

As another example, many home entertainment centers became functionally obsolete as flat-panel televisions replaced bulky analog televisions. The old entertainment centers were too deep to accommodate the new, thin televisions. [Source: http://www.investopedia.com]


Sayed Farrukh Ahmed
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Faculty of Business & Economics
Daffodil International University


Offline Md. Al-Amin

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Re: Functional obsolescence
« Reply #1 on: April 13, 2014, 02:43:31 PM »
It is important for an organization.

Offline Jeta Majumder

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Re: Functional obsolescence
« Reply #2 on: April 13, 2014, 03:59:10 PM »
good post sir..  :D