USB100 Lecture Notes - Lecture 3: Outlast, Social Capital, Computer Hardware

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WEEK 3 – LECTURE
Definitions:
1. Built environment:
The built environment includes human-made physical form of a huge range of types, purposes and
locations… buildings (private and public), infrastructure, changed landforms etc.
Note: It is not the individuality of buildings within a place… but critically the interaction of
the built with the natural and the human
2. Asset:
A resource with economic value that an individual, cooperation or country own with an expectation
of future benefit
= it is of value = therefore is recognised in the business market
Value of Assets:
Functionality gives the asset value
Ie. Kelvin grove gets its value because someone uses it
Assets retain value by adopting to change and maintaining functionality
Types of Assets:
Money
Shares
The built form (ie. Real estate, property)
Gold and precious metals
Fine art
THE NATURE OF THE BUILT ENVIRONMENT
Case study 1
1. URBANISATION (ie. Cities) = The dominant built form
Looks at how environment is significantly different and re – alignment is essential – buildings
Begins with an innate human need to aggregate / live in community (build settlement)
RATE: The trend to urban areas dramatically increased from the industrial revolution  and
continuing rapidly
POPULATION: 2006/2007 marked the first time in history that the majority of human race lived in
urban areas
VARIABILITY: Each locality / precinct / town is unique = endless variation = no perfect model
Case study 2
B1 & B2 BOMERS – (Looking at functionality and change)
Looking at function over form
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First planes to have an alternate priority than having the ability to fly” instead to;
1. Carry ordinance
2. Be visible
3. Fly (last priority)
As a result of alternate priorities, the planes looked distinctively different
= THEIR FORM FOLLOWED THE FUNCTION
(ie. It doesn’t matter what it looks like, as long as it works)
Case Study 3
Sydney Opera House
Unique designs can be built BUT high levels of specialisation come at a cost.
oIe. The final cost of the opera house was an extra 1700%
Many of the inherent problems with the long-term utility / functionality / adaptability / cost
of assets are pre-determined in the pre-design (concept) and (then) design phases. These
have been notoriously badly structured / managed processes in the development / property
asset sector.
Case Study 4
Automatic Teller Machines (ATM)
Represents a fundamental change in COMMERCE
- Came about due to computer hardware and systems becoming smaller and simpler
 As a result, skills and assets that supported previous systems become invaluable  ie. ATMs
forced banking tellers to become redundant
Looks at house assets become obsolete (redundant or no longer in use / earning value)
The fundamental ‘value proposition’ of the new economy is based more on knowledge,
relationship, flexibility and time than (the traditional) size, location, fixed assets, patents etc.
Case Study 5
Service Station
Looking at how assets respond and adapt to changing society
INTRODUCTIO OF THE HIGHAY:
The number of remaining service stations are ¼ of what they were 20 years ago
The surviving and thriving petrol stations are those that moved to the highways (strategic
location)
They then adapted/realigned to demand by selling more than just petrol  groceries
and hot food
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Document Summary

The built environment includes human-made physical form of a huge range of types, purposes and locations buildings (private and public), infrastructure, changed landforms etc. Note: it is not the individuality of buildings within a place but critically the interaction of the built with the natural and the human: asset: A resource with economic value that an individual, cooperation or country own with an expectation of future benefit. = it is of value = therefore is recognised in the business market. Kelvin grove gets its value because someone uses it. Assets retain value by adopting to change and maintaining functionality. Case study 1: urbanisation (ie. cities) = the dominant built form. Looks at how environment is significantly different and re alignment is essential buildings. Begins with an innate human need to aggregate / live in community (build settlement) Rate: the trend to urban areas dramatically increased from the industrial revolution and continuing rapidly.

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