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In the present world, the rate at which technology is advancing and changing is somehow faster than initially expected. Once a technological application is realized, it starts to depreciate overtime in terms of its effectiveness and value (Ciambrone, 2004). The depreciation of an existing technological idea comes as a result of discovery of other alternatives and displacements in the same discipline. Therefore, the process to evaluate alternative or replacement technological applications for existing technologies is as follows:

First, a cost benefit analysis is done for the existing technological application and its alternatives or replacements. In cost benefit analysis, both the costs and benefits of the existing and alternative/replacement technologies are evaluated by an appropriate form of analysis. At the end of the evaluation; if the costs of the existing technology outweigh the benefits, then the alternative or replacement applications are set to be adopted (Ciambrone, 2004). On the other hand, if the costs of the alternative or replacement technological applications outweigh the benefits, then other new alternatives are sought as the existing application remains in use. However, for a new alternative or replacement to be adopted, the following critical issues must be considered in the process of evaluation. The new application (replacement or alternative) must carry more benefits and less associated costs compared to the existing ones. The process of evaluation also looks at the ethical and legal considerations of the alternative or replacement applications. This is necessary for acceptance of the new replacement or alternative application.

  Replacement of an existing technology or adoption of an alternative application to the existing technology should occur at a point where the existing technological application is no longer effective, beneficial, or efficient compared to its possible alternatives or replacements. At this point, the process to evaluate alternative or replacement applications for existing technologies is set to be initiated, in order to adopt more beneficial and cost effective applications. 

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