Proceedings ArticleDOI
A Value-Event Path Model Based Value Engineering Analysis Methodology
Fenglin Peng,Xuping Jiang +1 more
- Vol. 2, pp 154-156
TLDR
A four-dimensional model (enterprise function, cost, value and event) is given and a new VE analysis methodology for enterprise management is given, a novel tool of enterprise management planning and assistant decision.Abstract:
Value based management (VBM) aims to promote value of an enterprise, and value engineering (VE) aims to promote value by least cost. Combining these two ideas, this paper proposes a value-event path model based value engineering analysis methodology. In a management process, value of an enterprise is changed dynamically and the change of the value corresponds to an event which happens to the enterprise. In other words, events indicate changes of enterprise value. In this paper, the concepts of enterprise event, value-event node, and value-event path are defined formally. A management process can be looked upon as a value-event path. A good management process is a value-event path along which value increases by the event sequence, while a bad management process is a value-event path along which value decreases by the event sequence. Furthermore, an event in a value-event path can correspond to the ratio of enterprise function to cost. Therefore, a four-dimensional model (enterprise function, cost, value and event) is given in this paper. Multidimensional analysis on this model is a new VE analysis methodology for enterprise management. The methodology is a novel tool of enterprise management planning and assistant decision.read more
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Book
Introduction to Discrete Event Systems
TL;DR: This edition includes recent research results pertaining to the diagnosis of discrete event systems, decentralized supervisory control, and interval-based timed automata and hybrid automata models.
Proceedings ArticleDOI
Value Based Principles for Management of Reuse in the Enterprise
TL;DR: In this article, a value-based management (VBM) approach advocates a financial rather than strategic overall governing objective, defined as the maximization of economic value, and trade-offs and conflicts among various strategic options are evaluated and resolved with respect to their contribution to this governing objective.
Proceedings ArticleDOI
Value-Event Path Based Policy Management Model
Fenglin Peng,Xuping Jiang +1 more
TL;DR: The concepts of enterprise event, value-event node, and value- event path are proposed and defined formally and shown that Value-Event Path Based Policy Management Model is a novel policy-based tool of VBM planning and decision support.