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Showing papers on "Value engineering published in 1968"


Journal ArticleDOI
01 Mar 1968
TL;DR: Value analysis is the art of pinpointing unnecessary high costs in products as discussed by the authors, and it depends for its success, frequently a 25% reduction in product cost on the disciplined use of common sense and problem solving methods known to most engineers.
Abstract: Value analysis is the art of pin-pointing unnecessary high costs in products. It depends for its success, frequently a 25% reduction in product cost on the disciplined use of common sense and problem solving methods known to most engineers. However, it places emphasis on ‘function’ in a unique way.The term ‘value’ needs to be understood by the engineer in terms of what it means to both his company and his company's customer. A successful analysis requires team participation from marketing, design, production, engineering, estimating and purchasing. They must clearly define the function of the product, provide a number of alternative ways of fulfilling that function, cost the alternatives and choose the lowest cost method that will meet the performance required.There are many approaches to match different circumstances and some of these are discussed.

2 citations


Journal ArticleDOI
TL;DR: Value analysis, value engineering and value assurance are not just gimmicks; they are real and effective methods of reducing costs and improving profits.
Abstract: Value analysis, value engineering and value assurance are not just gimmicks; they are real and effective methods of reducing costs and improving profits. They differ from conventional methods of cost saving (which in many cases merely result in performances being degraded to lower costs) in that, when properly applied, they result in products which are better, simpler and more reliable.

1 citations


01 Jun 1968
TL;DR: In this article, a theoretical criterion for optimum allocation of resources for reliability improvement exists that requires equal marginal failure reduction for all elements to be improved, but this criterion is of little practical value because suitable expressions for failure reduction as a function of resource expenditure are not available.
Abstract: : Present methods for planning reliability improvement of launch vehicles are reviewed. A theoretical criterion for optimum allocation of resources for reliability improvement exists that requires equal marginal failure reduction for all elements to be improved. This is of little practical value because suitable expressions for failure reduction as a function of resource expenditure are not available for all elements of the launch vehicle. A key finding is that a good practical approximation for the marginal failure reduction is the failure/value ratio which can be computed from available information. This permits a criterion previously only of theoretical importance to be used in a practical situation. (Author)

1 citations


Journal ArticleDOI
TL;DR: A modern manager may come to feel that if he misses a television programme he may be unaware of the latest “in” tecnique, despite the repeated warnings by management philosophers that a business cannot solve its problems merely by acquiring a technique, whether new or established as mentioned in this paper.
Abstract: CURRENT trends in management techniques give considerable scope for the application of the buzzword generator. Value engineering, cost/benefit analysis and variable cost control are all stages on the way to the currently fashionable corporate planning, and management information systems. A modern manager may come to feel that if he misses a television programme he may be unaware of the latest “in” tecnnique, despite the repeated warnings by management philosophers that a business cannot solve its problems merely by acquiring a technique, whether new or established.

1 citations


Proceedings ArticleDOI
01 Feb 1968