Case Study about Analysis through the Implementation of Value Engineering
Abstract: This paper presents the basic fundamental of Value Engineering and its different phases that can be implemented in any product to optimize its value. A case study is discussed of a bath fitting product in which the material of the product is changed according to the value engineering methodology. The material is chosen such that the cost is reduced without affecting the value of the product and its design.
Introduction: Value Engineering (VE), which is originated from the US military industry in the early 60 of this century, has been extensively applied in construction industry nowadays. Foo, T.H.(2002) and Chong, S.N.(2002) has given some useful frameworks on the application of VE. However, in India, VE is mostly associated to any alternative design with the intention of cost cutting exercise for a project, which is merely one of the initial intentions of the VE. This paper outlines the basic frameworks of Value Engineering and presents a case study showing the merits of VE in a Bath Fittings Manufacturing Industry.
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