what is functional obsolescence
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Functional Obsolescence, what is that? DEFINITION of 'Functional Obsolescence'. A reduction in the usefulness or desirability of an object because of an outdated design feature, usually one that cannot be easily changed.The term is commonly used in real estate, but has a wide application.Next Up. reduction in the usefulness or desirability of an object because of an outdated design feature, usually one that cannot be easily changed.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. Next Up.
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Insurance and Wellness Blog Functional Replacement Cost Option - does it make sense for you? Parts of the Midwest have been called the rust belt. This includes the natural fact that many of our manufacturing buildings are outdated. These structures contain building materials that are obsolete, and frankly are very costly to rebuild or reproduce.
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- Functional obsolescence is defined as the impairment of functional capacity or efficiency that reflects the loss in value brought about by such factors as overcapacity, inadequacy, excess operating costs, and changes in the art.unctional obsolescence can be further broken down into curable and incurable obsolescence. Curable obsolescence is a deficiency of an asset that can be remedied through addition or modernization. An example of this would be the replacement and update of a machine's computer numeric control (CNC).
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Kevin Conrad For many adults, the functional component is a critical factor in defining health or illness--in the absence of symptoms, there is no disease. A world view of many cultural groups integrates physical, emotional, and spiritual well-being, and holds that all three are necessary for optimal health.or many adults, the functional component is a critical factor in defining health or illness--in the absence of symptoms, there is no disease. A world view of many cultural groups integrates physical, emotional, and spiritual well-being, and holds that all three are necessary for optimal health.
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Functional fixedness Functional fixedness is this inability to see a hammer's use as anything other than for pounding nails; the person couldn't think to use the hammer in a way other than in its conventional function. When tested, 5-year-old children show no signs of functional fixedness.herefore, there is a need to overcome the prototype in order to avoid functional fixedness. Carnevale (1998) suggests analyzing the object and mentally breaking it down into its components. After that is completed, it is essential to explore the possible functions of those parts.
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Failure Mode Effects Analysis (FMEA) Also called: potential failure modes and effects analysis; failure modes, effects and criticality analysis (FMECA). Failure modes and effects analysis (FMEA) is a step-by-step approach for identifying all possible failures in a design, a manufacturing or assembly process, or a product or service.
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Defining Age with Different Perspectives: Definitions & Examples Functional age is defined as a combination of chronological, biological, and psychological ages. What is happening is instead of focusing on one aspect at a time, we are summarizing them to create a more holistic picture of a person. Functional age would give you the clearest understanding of a person.unctional age is defined as a combination of chronological, biological, and psychological ages. What is happening is instead of focusing on one aspect at a time, we are summarizing them to create a more holistic picture of a person. Functional age would give you the clearest understanding of a person.
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repose quiescence - quiet and inactive restfulness. dormancy, quiescency, sleeping. repose, rest, ease, relaxation - freedom from activity (work or strain or responsibility); took his repose by the swimming pool.
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- Functional turnover is when low performing employees leave Dysfunctional turnover is when high performing employees leave Calculating Turnover Turnover rates are calculated by dividing the number of separations that occur in a given year by the total number of employees at the beginning of the year.
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What is decomposition in DBMS? A functional decomposition is the process of breaking down the functions of an organization into progressively greater (finer and finer) levels of detail. In decomposition, one function is described in greater detail by a set of other supporting functions.
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What is 'Functional Decomposition' Functional Decomposition. DEFINITION of 'Functional Decomposition'. A method of business analysis that dissects a complex business process to show its individual elements. Functional decomposition is used to facilitate the understanding and management of large and/or complex processes and can be used to help solve problems.
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User Contributed Dictionary Biomedical gerontology, also known as experimental gerontology and life extension, is a sub discipline of biogerontology, that endeavors to slow, prevent, and even reverse aging in both humans and animals.
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Failure Modes and Effects Analysis (FMEA) Tool Cambridge, Massachusetts, USA. Failure Modes and Effects Analysis (FMEA) is a systematic, proactive method for evaluating a process to identify where and how it might fail and to assess the relative impact of different failures, in order to identify the parts of the process that are most in need of change. FMEA includes review of the following:
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Defining Age with Different Perspectives: Definitions & Examples Functional Age. Functional age is defined as a combination of chronological, biological, and psychological ages. What is happening is, instead of focusing on one aspect at a time, we are summarizing them to create a more holistic picture of a person. Functional age would give you the clearest understanding of a person.
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Aging Aging, progressive physiological changes in an organism that lead to senescence, or a decline of biological functions and of the organism’s ability to adapt to metabolic stress. 1  Aging takes place in a cell, an organ, or the total organism with the passage of time. It is a process that goes on over the entire adult life span of any living thing. Gerontology, the study of the aging process, is devoted to the understanding and control of all factors contributing to the finitude of individual life.
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- This often leaves users of appraisals, such as those involved. in legal disputes, with irreconcilable value differences. This article employs macroeconomic data to demonstrate that entrepre-. neurial profit, entrepreneurial incentive, and external obsolescence are real. phenomena.
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menopause Menopause is a natural physiologic process that results from the normal aging of the ovaries. It occurs when the ovaries can no longer perform the function of ovulation and estrogen production.
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- 10 hilariously insightful foreign words. Economic obsolescence is a word used in property valuation or appraisal. The term signifies a situation where the value of a piece of property or real estate drops due to factors emanating from sources other than the property itself.
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senescence There's also the much rarer senectitude, which, like senescence, refers to the state of being old (specifically, to the final stage of the normal life span). senescent, from Latin senescent-, senescens, present participle of senescere to grow old, from sen-, senex old.
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Depreciation Functional depreciation: represents the loss of value caused by outdated or poor design. There are two types of functional depreciation, curable and incurable. Curable depreciation is the cost of remodeling or adding additional rooms, doorways, or enhancements, etc.
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Einstellung effect Another phenomenon similar to Einstellung is functional fixedness (Duncker 1945). Functional fixedness is an impaired ability to discover a new use for an object, owing to the subject's previous use of the object in a functionally dissimilar context.nother phenomenon similar to Einstellung is functional fixedness (Duncker 1945). Functional fixedness is an impaired ability to discover a new use for an object, owing to the subject's previous use of the object in a functionally dissimilar context.
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Stock obsolescence Obsolete stock or stock obsolescence calculations are done by companies to determine how much of their inventory (stock) on hand is unlikely to be used in the future.stimation of stock obsolescence without any traceable calculations will probably not be acceptable to an auditor. Typically, a stock obsolescence report uses the value of stock on hand as a starting point, and then reduces this value based on the potential that stock will be used up in the future.
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Premature Ovarian Failure Premature ovarian failure. Premature ovarian failure — also known as primary ovarian insufficiency — refers to a loss of normal function of your ovaries before age 40. If your ovaries fail, they don't produce normal amounts of the hormone estrogen or release eggs regularly. Infertility is a common result. Premature ovarian failure is sometimes referred to as premature menopause, but the two conditions aren't exactly the same.
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- The stratum functionalis is a thick superficial layer that is sloughed off during menstruation and grows anew during each cycle. It is therefore a temporary tissue with an unfinished appearance -- not quite as tidily organized as the mucosal tissues in most other organs.
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- Types Of Functional Obsolescence. Curable obsolescence is a deficiency of an asset that can be remedied through addition or modernization. An example of this would be the replacement and update of a machine's computer numeric control (CNC).ncurable Functional Obsolescence is an inadequacy identified in a machine that cannot be remedied. A machine utilized to wind bobbins is a good example. These machines are rated by productivity (bobbins per hour), and the productivity is directly dependent on the number of stations with which the machine is equipped.
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Human aging Human aging, physiological changes that take place in the human body leading to senescence, the decline of biological functions and of the ability to adapt to metabolic stress. In humans the physiological developments are normally accompanied by psychological and behavioural changes, and other changes, involving social and economic factors, also occur. 1  Aging begins as soon as adulthood is reached and is as much a part of human life as are infancy, childhood, and adolescence.