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.

State-of-the-art review on benefits of applying value engineering for multi-story buildings

Abstract: This research aims to introduce the review of the researches that covered the benefits of applying the value engineering in the construction industry specially the multi-story buildings. Multi-stor...

Relationship between Organizational Sizes and Contractors’ Risk Pricing Behaviors for Weather Risk under Different Project Values and Durations

Abstract: A problem that always annoys building employers and their consultants when drafting building contracts is whether it is more cost efficient to retain certain risks with themselves or to transfer the same to contractors, and it has long been a difficulty to accurately estimate the cost for transferring risks to the other contract party. It is a very common market practice to remove contractors' entitlement to extension of time due to inclement weather, and in view of the significant impacts that inclement weather posed on construction progress, it would be helpful to assess the associated costs for such risk allocation exercises in order to ensure that it is a cost-effective transaction. The costs for these potential weather-caused delays are priced by contractors in their returned tenders. This risk-pricing behavior is affected by the contractor's risk perception and risk attitude. However, merely working out contractors' risk perception and risk attitude patterns is inadequate, as they may vary in accordance with different organizational sizes and project backgrounds. Therefore, further studies should be carried out on the implications of project information, such as project value and contract period, on different-sized contractors' risk behaviors. In this research, a questionnaire survey was conducted to investigate the weather-risk-pricing behavioral patterns of various-sized contractors under different given project scenarios. The survey revealed that the impacts of project value and contract period (and, thus, the intensity of work and scale of exposure to weather risk) were significant on contractors' risk behaviors, and these impacts varied in accordance with different organizational sizes. The medium-sized contractors' pricing behaviors were rather constant under different project values and contract periods, while both small and large contractors behaved differently when the intensity of work and scale of risk exposure varied. Despite the fact that contractors of various sizes behaved differently in some given scenarios, the number of days of delaying cost allowed by them in returned tenders were generally less than the actual number of days of inclement weather affecting work.

Value engineering for managing the design process

Abstract: A number of techniques have been investigated (labelling and grouping, categorisation and importance level) to establish usable metrics for the quality management of the design process. The use of importance levels seemed to be the most effective method used with an adaptation of the value engineering technique but with the emphasis on worth rather than value (value being worth over cost). A partial validation of this technique has shown it to be useful in identifying the critical issues so that non‐value‐added processes can be eliminated.

Costs, quality and scalability: Impact on the value chain of electric engine production

Abstract: Recent years have seen an increasing attention in electric vehicles. But due to high prices, there is only a moderate customer acceptance and market penetration. Companies need to build up new competencies to be able to develop and produce competitive electric vehicles. Moreover, a concentration on either cost or quality will not be sufficient to make electric mobility attractive to customers and to obtain sustainable success. Therefore, companies in the field of electric mobility production have to lead in both: cost and quality. This paper focuses on the electric engine production, the emerging costs, the influences on the customer value and the scalability of production processes.