Value engineering

About: Value engineering is a research topic. Over the lifetime, 1231 publications have been published within this topic receiving 10882 citations. The topic is also known as: VE.

Research on decision making in M&As based on real options

Abstract: Nowadays, the activities of merger and acquisitions become increasingly frequent, and a successful M&A need to be established on the base of reasonable assessment to the target company's value. Considering the value of target company in different situations is required in decision making in M&As because of the uncertainty that the value of target company often have. The theory of real options provides a good basis for investment decisions under uncertainty, while the feature of specific investment activities is needed to take into consider. Therefore, it is necessary to improve the option pricing method, such as binary tree model, under the real feature of M&As activities, and analyses the change of the value of target company over time and the corresponding tactics that the acquiring corporation should take.

Study of Project Management of Real Estate Based on Value Engineering Theory

Abstract: Real estate invests are usually very huge,together with too many processes; management methods and skills for real estate directly influence the final benefitsThrough analyzing three real estates companies' problems,combined with VE theory,it proves that overall function estimating and related VE theory are reasonable and could be used in real estate industry

Every Penny’s Worth

Abstract: With the increasing complexities of highway megaprojects, state agencies are embracing the value engineering system and reaping handsome dividends. For relatively little investment, VE can yield millions of dollars in savings without sacrificing project quality. The article notes that VE should be an established element of the highway development process, and should receive a consistent amount of funding. A funding level of 0.01-0.3% of the highway budget should be accorded to cost management through the VE process. The article also described how VE is comprised of 4 components: information structuring to force problem solvers to define the problem in terms of function and isolate specific areas of high cost to worth; specualtion to bring out creative solutions; analysis that focuses on the technical feasiblity of alternatives; and proposals submitted by the VE team to the decision makers.

The Analysis of Important Variables of The Value Engineering Model On Residential High Rise Buildings In DKI Jakarta, Indonesia

Abstract: Many construction problems relating with quality, time and cost in project life-cycle from feasibility study, design phase, procurement phase, and construction phase to operational phase. In residential high rise building project usually have comprehensive planning by consultant but actually many cases still founded not optimal in building function and cost efficiency. This paper will analyze the research problems: What are the variables of the value engineering model? What are the important variables that represent the model and how much their contribution to the model? The refore it should be have one phase consideraded is Value Engineering phase as creative thingking for optimalisation building function dan cost efficiency without reducing quality that has expected. Keywords: Value Engineering, optimal, creative thinking, building fucntion, cost efficiency

The application of value engineering in project decision-making

Abstract: Value engineering is an organized creative activity, and the ultimate goal getting the maximization value can achieve through the reasonable use of value engineering with promote technical and economic organically. The paper expounds the concepts and principles of value engineering and then analyses how to use value engineering method to make scientific and sound decisions to achieve better benefits in the construction project investment decision. At the end of the paper, some problems which we should pay attention to are proposed in the construction project decision-making in the process of applying the value engineering. And then there will be a new way to discusses the investment decision about a project, and this method can be applied in the future projects of decision-making. Value Engineering (VE), also known as value analysis (VA), originated from the United States in late 1940s, and was introduced into China after 1978. Value engineering is a kind of ways of thinking and management techniques aiming to improve the value of research object on the basis of systematic analysis and continuous innovation of the function and cost through cooperation of the various related areas.(1) Value engineering is a product or job function analysis as the core, it is an organized creative activity for the purpose of improving the value of the product or homework, and striving to achieve the lowest life cycle cost product or work required to use the necessary function. As a technical and economic analysis method, value engineering focuses on function analysis and comprehensive evaluation of various design plans of a particular product or system by using the collective wisdom, calculated the total costs and screens out lower total cost scheme, whose necessary functions can be achieved reliably. Its purpose is to reliably achieve necessary functions required to the users and get the best comprehensive benefits based on the lowest life cycle cost study. it is commonly used in the new product design analysis stage. The objects of value engineering We have researched can be understood as, all the things which will take the expenses to obtain the function, such as products, technology, engineering and service or their part, and so on, can be used as the sessions of value engineering. The purpose of the value engineering which is based on the minimum life cycle cost of the objects to achieve the user required functions, is to get the best comprehensive benefit. In other words, it will take the lowest cost to get enough applicable function. (2) The root meaning of value engineering include: 1. The nucleus of value engineering is to analyze the functions of the research objects, which can identify and eliminate unreasonable and surplus function through the functional analysis , and then , it will reduce cost and raise revenues. 2. The purpose of value engineering is to improve the research object of value, the value is bound up with function and cost which may each can rise or fall, the purpose of value engineering can achieve so long as the value increase. 3. The cost refersed in the value engineering research is the whole life cost, which including the disposable production and the regular use things, the purpose of which is the lowest cost in the whole life.