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Obsolescence – understanding the underlying processes

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  • André Thomsen

Abstract

Obsolescence, defined as the process of declining performance of buildings, is a serious threat for the value, the usefulness and the life span of built properties. Thomsen and van der Flier (2011) developed a model in which obsolescence is categorised on the basis of two distinctions, i.e. between endogenous and exogenous cause-effect relationships and between physical and behavioural cause-effect relationships. In this way, the model presents a classification of underlying factors of obsolescence. However, these underlying factors, more specifically the underlying cause-effect relations, are still a black box. In this paper, the box is further disclosed by tracking back the underlying processes, resulting in a series of prototypes of detailed hypothetic cause-effect mechanisms. Applied to the adapted model, the results are initially tested on an iconic chocolate factory. Conclusions are drawn about the results and more generally about the usability and the further development of the model.

Suggested Citation

  • André Thomsen, 2017. "Obsolescence – understanding the underlying processes," ERES eres2017_259, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2017_259
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    More about this item

    Keywords

    building pathology; conversion non-residential; Feasibility; Life cycle analysis; Obsolescence;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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