Unforeseen obsolescence
The glossary of statistical terms, published by the Organisation for Economic Co-operation and Development (OECD), defines unforeseen obsolescence or abnormal obsolescence as: ‘…the loss in value on an asset due to a fall in demand for that type of asset that could not have been foreseen when the asset was acquired. Unforeseen obsolescence may occur because of a new invention or discovery which destroys the market for the asset or because a shift in relative prices makes it uneconomical to continue using the asset."
See also: Abnormal obsolescence.
[edit] Related articles on Designing Buildings
About the wiki
Anyone is welcome to use and contribute to the wiki in different ways.
[edit] Engaging with the wiki
You can:
- Contribute to existing articles
- Create articles
- Share articles through social media and other channels
- Contact the CIRCuIT project to let us know what you think and how we can improve
[edit] Add your own content
To contribute to or create an article, you can follow these steps:
- Register as a user
- Read through the editorial policy and guidance on writing and contributing to articles
- See the detailed help page on tips on writing wiki articles
- Try editing a test article
- If editing an article, select 'Edit this article' underneath the article title
- If creating a new article, select 'Create an article'. In the 'Select categories' area, expand the 'Industry context' list and tag 'Circular economy' to add your article to this wiki
[edit] Who is this wiki for?
The articles contain information on implementing circular economy approaches in construction that could be relevant to:
- Architects
- Construction contractors
- Designers
- Developers, owners, investors
- Engineers
- Landowners
- Manufacturers and supplier
- Universities and research
- Urban planners
[edit] About CIRCuIT
The Circular Economy wiki is supported by the Circular Construction in Regenerative Cities (CIRCuIT) project, which is funded by the European Union's Horizon 2020 research and innovation programme. CIRCuIT is a collaborative project involving 31 ambitious partners across the entire built environment chain in Copenhagen, Hamburg, Helsinki Region and Greater London. Through a series of demonstrations, case studies, events and dissemination activities, the project will showcase how circular construction practices can be scaled and replicated across Europe to enable sustainable building in cities and the transition to a circular economy on a wider scale.