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.

Value chain analysis in consumer focus improvement: A case study of the UK red meat industry

Abstract: Purpose – A key vision of tomorrow's industry is creating supply chains which collaboratively strive on enhancing the value to the end-consumer. The purpose of this paper is to introduce the food value chain analysis (FVCA) methodology for improving consumer focus in the agri-food sector based on the lean paradigm, value stream mapping and value chain analysis (Porter, 1985). Design/methodology/approach – This contribution presents a case-study of a UK red meat supply chain explaining how the FVCA method enabled a team of researchers and practitioners to identify the misalignments of both product attributes and supply chain activities with the consumer needs. Findings – This paper explains how the FVCA methodology potentially realigned the processes along the supply chain with the true consumer requirements and why the supply chain effectiveness was improved; this follows with a description of the subsequent efficiency gains from application of the FVCA methodology. Originality/value – This paper further defines the demarcation between supply chain “effectiveness” and “efficiency”. This paper contributes to the debate on the importance of supply chain effectiveness by linking to consumer value at every stage of the supply chain.

Life-Cycle Cost Analysis (LCCA)

Abstract: Life-cycle cost analysis (LCCA) is a method for assessing the total cost of facility ownership. It takes into account all costs of acquiring, owning, and disposing of a building or building system. LCCA is especially useful when project alternatives that fulfill the same performance requirements, but differ with respect to initial costs and operating costs, have to be compared in order to select the one that maximizes net savings. For example, LCCA will help determine whether the incorporation of a high-performance HVAC(/resources/hvac.php?r=lcca) or glazing system(/resources/windows.php?r=lcca), which may increase initial cost but result in dramatically reduced operating and maintenance costs, is cost-effective or not. LCCA is not useful for budget allocation. Lowest life-cycle cost (LCC) is the most straightforward and easy-to-interpret measure of economic evaluation. Some other commonly used measures are Net Savings (or Net Benefits), Savings-to-Investment Ratio (or Savings Benefit-to-Cost Ratio), Internal Rate of Return, and Payback Period. They are consistent with the Lowest LCC measure of evaluation if they use the same parameters and length of study period. Building economists, certified value specialists, cost engineers, architects, quantity surveyors, operations researchers, and others might use any or several of these techniques to evaluate a project. The approach to making cost-effective choices for building-related projects can be quite similar whether it is called cost estimating (/design/utilize_management.php), value engineering(/design/use_analysis.php), or economic analysis (/design/use_analysis.php).

Value Engineering: Analysis And Methodology

Abstract: Part I Value methodology (introduction) - managing value objectives using the value methodology: discovering the certification process cost overrun trends meeting project objectives users of managing value objectives value objectives methodology improving value value project analysis criteria prestudy work plan the job plan team makeup A live MVO study MVO study examples phase 1 - information gathering procedures phase 2 - creative brainstorming people skills during MVO study makingeffective presentations managing conflicts phase 3 - evaluation techniques phase 4 - development of best ideas presenting and reporting findings getting best results future followup/implementation blank sample study format exam midterm. Part IIadvanced-team leader training techniques: managing project objectives letting the job plan work tips project analysis creativity process types of functions problem solvers adding value value mismatch managing time financial breakdown contracting methods/decisions life cycle cost components cost and worth per function financially important decisions team building skills function analysis alternative ideas evaluating best alternatives presentations for management MVO programmeenhancements technical problem solving breaking problem down customer focus leading a session discussion groups overall component analysis specific component analysis summarizing study results exam review.