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.

Integration of flow analysis results with a cross clustering method

Abstract: Publisher Summary Manufacturing firms apply continuous improvement strategies aiming at cutting down lead times and production costs and improving quality. These improvements are obtained by acting on the planning and piloting system and on the information system of production. The relocation of the workcenters into manufacturing cells is a complex problem that affects every department of the firm. To know the various points of view and to best integrate them into the final organization of the workshop, it is essential to entrust the relocation with a working party. The working party should comply with a conception method. The points of view of those concerned with the reorganization are many, partial and sometimes divergent. A method commonly used for scheme conception management is the value engineering method. The chapter describes a method for the research of a consensus on several flow analysis approaches and discusses a way to evaluate the quality of a consensus. In reorganization of a workshop into cells, social and economic points of view must be considered for industrial applications. In this chapter, a method based on a cross clustering technique is proposed that points out the similarities of the different points of view.

Life Cycle Cost Analysis at Design Stage of Cable Stayed Bridges based on the Performance Degradation Models

Abstract: Recently, the demand on the practical application of life-cycle cost effectiveness for design and rehabilitation of civil infrastructure is rapidly growing unprecedently in civil engineering practice. Accordingly, in the 21st century, it is almost obvious that life-cycle cost together with value engineering will become a new paradigm for all engineering decision problems in practice. However, in spite of impressive progress in the researches on the LCC, the most researches have only focused on the Deterministic or Probabilistic LCC analysis approach and general bridge at design stage. Thus, the goal of this study is to develop a practical and realistic methodology for the Life-Cycle Cost LCC-effective optimum decision-making based on reliability analysis of bridges at design stage. The proposed updated methodology is based on the concept of Life Cycle Performance(LCP) which is expressed as the sum of present value of expected direct/indirect maintenance costs with expected optimal maintenance scenario. The updated LCC methodology proposed in this study is applied to the optimum design problem of an actual highway bridge with Cable Stayed Bridges. In conclusion, based on the application of the proposed methods to an actual example bridge, it is demonstrated that a updated methodology for performance-based LCC analysis proposed in this thesis, shown applicably in practice as a efficient, practical, process LCC analysis method at design stage.

Industrial Engineering and the Application of Value Engineering in CARICOM Countries

Abstract: The World Book Encyclopedia defines Industrial engineering as being concerned with planning techniques of working, and the uses of machines in industry. It is the branch of engineering that concerns the development, improvement and evaluation of integrated systems of people, knowledge, information, equipment, energy, material and processes and draws upon the principles and methods of engineering analysis and design, to specify, predict and evaluate the results to be obtained from such systems. Industrial engineers are specialists in the field and work to eliminate wastes of time, money, materials, energy and other resources. The tools and techniques employed by industrial engineers can be utilised by entrepreneurs and organisations to create sustainable business enterprises in Caricom countries while adhering to international standards. Value engineering techniques may also be applied to build competitive advantages within the region and in the international market place. The effects of Value engineering (VE) on industrial engineering will impact projects throughout the Caribbean. VE is a methodology that is known and accepted in the industrial sector. It is an organised process with a history of improving value and quality. The VE process identifies opportunities to remove unnecessary costs, while assuring that quality, reliability, performance and other critical factors meet or exceed customer's expectations.

Cost Optimization through Value Management Practices - A Success Mantra to Manufacturing Industries…

Abstract: Due to an intense competition from the competitors and pressure from the customers to reduce prices, many companies are taking the proactive steps to reduce their costs to survive in the market. Companies are taking the efforts to reduce the cost at various stages. Cost reduction is not only related with the operations cost but with the materials costs too. As a thumb rule, almost 70% cost is with the raw materials, so there is always a huge scope to reduce it. Reducing the manpower is not solving the problem but keeping the alertness and applying various ways to reduce the cost of the raw material helps to achieve the target. Value Management (Value Engineering / Value Analysis) is one of the easy and simple ways to do so. Along with Value Management practices a regular review of the BOM (Bill of Material) and the Cost quoted by the supplier is also helping on the cost reduction. Researcher has collected various practices followed at manufacturing industries. This paper may help the others to adopt at their works Key Words: Cost Optimization, Value Engineering, Value Analysis, BOM

Low Carbon City Planning Method Based on Value Engineering Theory

Abstract: Exploration of low carbon city planning is the key to achieve sustainable development, which also has important meaning for the construction of energy-saving society. The value engineering theory was introduced into low carbon urban planning in this work, with the analysis method of three steps proposed. Firstly, sort out the planning index system and determine the key parameters. Secondly, quantify the value coefficient of each parameter by the expert scoring method. Lastly, get the highest priority value coefficient to achieve the purpose of carbon effect with lowest cost. Through illustrating the principle of the method by an example, the actual meaning of low carbon city planning using value engineering theory was proved effective.