Significance of Obsolescence
In the context of India history, obsolescence is defined as the process through which a product becomes outdated or diminishes in value. This typically occurs due to a failure to innovate or adapt to changing market demands. Obsolescence highlights the importance of continuous development and responsiveness in ensuring that products remain relevant and valuable in a competitive environment.
Synonyms: Decline, Redundancy, Deterioration, Extinction., Supersession, Discontinuation
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
The concept of Obsolescence in local and regional sources
Obsolescence describes how products become outdated and lose value due to insufficient innovation or market adaptation, highlighting the importance of continual development to maintain relevance and competitiveness in a rapidly evolving landscape.
From: Triveni Journal
(1) The process by which a product becomes outdated or loses value, often due to lack of innovation or adaptation in the market.[1]
The concept of Obsolescence in scientific sources
Obsolescence, in this context, is defined as the state of becoming outdated. Secondary ports can avoid obsolescence by adopting circular supply chains and adapting to evolving market demands.
From: Sustainability Journal (MDPI)
(1) It has an ambiguous role in product design.[2] (2) Obsolescence is considered in valuation, appraisal, and discounting within the context of life cycle assessment.[3] (3) Obsolescence is the state of becoming outdated, which secondary ports can avoid by engaging in circular supply chains and adapting to changing market needs.[4]