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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.


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Journal ArticleDOI
TL;DR: In this article, the authors present a probabilistic value analysis (VA) methodology for public water supply systems, where the value of a design alternative for constructed facilities is determined based on life cycle cost (LCC) and noneconomic performance such as constructability and environmental impacts.
Abstract: The value of a design alternative for constructed facilities is determined based on life cycle cost (LCC) and non-economic performance such as constructability and environmental impacts. Unfortunately, the level of consensus on the results of life cycle cost analysis (LCCA) is low due to the uncertainty associated with cost and timing data for construction, operation, maintenance and disposal of facilities with very long life cycles. Non-economic performance of design alternatives is also evaluated subjectively by the stakeholders of construction projects. Therefore, it is very important to properly manage the uncertainty and the variability of input data for value analysis (VA) of design alternatives. This paper presents a probabilistic VA methodology for public water supply systems. An LCC model and a cost classification structure for public water supply systems were developed to cover the initial and the follow-on cost of public water supply systems that come from the various mechanical systems and the...

7 citations

Journal ArticleDOI
TL;DR: It was shown that quality of project result almost reached its maximum within several consecutive sessions of model application model, and balanced decision making in terms of availability of various competing priorities of all stakeholders was allowed.
Abstract: The model, which effectively contributes to creation of maximum reasonable value of construction projects, was proposed. The proposed system is characterized by the fact that due to its convenient coherence, it adjusts the influence of its separate methods (elements) on project value in a cumulative manner. The need for such a model was driven by global challenges, such as necessity to reduce greenhouse gas emissions and to increase power efficiency of satisfaction of social needs. Characteristic feature of the proposed model is that it is composed of six interacting components, which collectively are self-sufficient for efficient engineering and management of construction projects. This concept is presented in the form of a "crystal" of cumulative application of three pairs of methods. The first pair includes value engineering and building information model. The second pair includes "benefits-costs" analysis and the theory of dynamics of project value. The third pair includes profiling of contract systems and pricing strategies. Each element of the proposed model, playing its natural role, coherently complements and reinforces its other elements. This model allows balanced decision making in terms of availability of various competing priorities of all stakeholders. The key priority of the cumulative model is preventive reaction to potential problems in the course of project implementation. It was established that the aforementioned pairs of methods and the model in general bring convenient and efficient synergy to architecture, engineering and management of construction projects. The synergy, which is a basic feature of the proposed model, provides a presence of two characteristics at the same time: complete coverage of project tasks that are solved and convenient compactness. It is the main advantage of the Crystal model of value management. Dynamics of usefulness and value of the project of office center construction within several consecutive sessions of model application model was calculated, it was shown that quality of project result almost reached its maximum. It demonstrates feasibility of further research in this direction and expansion of a range of projects of model application

7 citations

Proceedings ArticleDOI
18 Nov 2003
TL;DR: In this article, the authors suggest a systematic integrated approach to the practical application of various LLC methodologies for the design and rehabilitation of civil infrastructure, which is a new paradigm for all engineering decision problems in practice.
Abstract: The demand on the practical application of life-cycle cost effectiveness for design and rehabilitation of civil infrastructure is rapidly growing in civil engineering practice. In the 21st century it is almost obvious that life-cycle costs together with value engineering will become a new paradigm for all engineering decision problems in practice. However, in spite of impressive progress in the research on LLC, most of the research has focused on the theoretical point and has not fully incorporated the critical issues for the practical implementation. This paper intended to suggest a systematic integrated approach to the practical application of various LLC methodologies for the design and rehabilitation of civil infrastructure.

7 citations

Proceedings ArticleDOI
09 Jun 2007
TL;DR: A V-S Axis Information Classification Model based on information value and information sensitivity is built that can perform quantitative analysis to supply chain information and examples of algorism for the above-mentioned models are provided.
Abstract: Information plays a very important role in supply chain management. Through effective information management, the operational efficiency and competitiveness of supply chain can be improved. Classifying information reasonably can improve information management, maximize the role of information, and reduce the difficulty and cost of information management. This article, on the basis of the in-depth analysis of the major factors influencing information value and information sensitivity, has built a V-S Axis Information Classification Model based on information value and information sensitivity. This model includes the value engineering model for evaluating information value and the grey clustering model for evaluating information sensitivity. It can perform quantitative analysis to supply chain information. In addition, the article has also provided examples of algorism for the above-mentioned models.

7 citations

Book ChapterDOI
01 Jan 2012
TL;DR: Wang et al. as mentioned in this paper conducted a survey among industrial practitioners to identify possible causes for the dire status of value engineering in the construction industry and highlight the real concerns among practitioners in China.
Abstract: The concept of value engineering has existed for more than half a century. Its application in construction is credited with some success notably in construction in many countries. Nevertheless, value engineering is rarely applied in the China construction industry. At present, the technical competence of construction industry is at a relatively low level in general. Since value engineering is still in its in its infancy, it hasn’t been well-accepted by corporations in the construction industry. A survey among industrial practitioners has been conducted to identify possible causes for the dire status and highlight the real concerns among industrial practitioners in China. Generally, there is a lack of understanding in value engineering concepts among industrial practitioners and it is important for the government to take the lead in promoting value engineering practices in domestic projects. Moreover, the scope of value engineering can be broadened to many fields in construction.

7 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
202324
202245
202130
202050
201944
201847