Topic
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.
Papers published on a yearly basis
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TL;DR: In this article, the authors presented a process on how to apply value engineering tools in manufacturing company and also investigated how much cost reduction can be done by applying value engineering in manufacturing companies.
Abstract: Value Engineering (VE) is important tool to company in global market competition to providing a demand. VE process can provide for company continued growth and prosperity if applied properly. VE is defines as the systematic application of recognized techniques, which identify the function of product or service, establishes a monetary value for that function and provides the necessary function reliability at the lowest overall cost. This paper will presents a process on how to apply VE tools in manufacturing company. Therefore, we would like to study the application of VE approach method and at the same time investigating how much cost reduction can be done. The function of product will be defining and cost reduction is suggested by proposing alternative method to achieve that function. However the function quality is never degrading. The result is showed that 60% cost reduction can be proposed.
4 citations
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4 citations
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TL;DR: The Continuous Value Enhancement Process (CVEP) as discussed by the authors is a recently developed tool designed specifically for sustainable building projects that enables project teams to systematically generate and evaluate project alternatives for meeting sustainable goals.
Abstract: Sustainable building projects have levels of complexity over conventional building projects that challenge current project management tools at efficiently managing the rigors of sustainable projects. The Continuous Value Enhancement Process (CVEP) is a recently developed tool designed specifically for sustainable building projects. This project management tool enables project teams to systematically generate and evaluate project alternatives for meeting sustainable goals. The goal of this tool is to identify high performance solutions that increase levels of sustainability and improve project performance. CVEP was experimentally implemented and tested on four case study projects to evaluate its ability to support project management decision making in ways that elevate sustainability and project performance. Reported in this paper, the results show CVEP produced first cost and life cycle cost savings. In particular, the study confirms that CVEP has the capability to: 1.) Provide a systematic evalu...
4 citations
01 Jan 2011
TL;DR: In this paper, the authors explore whether there is a relationship between cost and aesthetics in the context of target value design (TVD), a subset of project delivery that shares methodologies with target costing and value engineering.
Abstract: PURPOSE: Target Value Design (TVD) is a project delivery subset that shares methodologies with Target Costing and Value Engineering, but is performed within the context of lean construction. TVD has been shown to generate first cost savings of approximately 20% on case study projects. A concern voiced by some architects, however, is that TVD may produce aesthetically inferior designs. Addressing this concern, we explore whether there is a relationship between cost and aesthetics.
4 citations
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TL;DR: In this paper, the authors present a model that can index the function, cost and value scores using vector normalization method and apply this model to the case of selecting finishing materials for the office automation floor of a building.
Abstract: Value engineering is a method of selecting the optimum design by evaluating the value of the original design and the alternative design. However, if the function score and the cost score of the evaluation subject are indexed, the range of the function index, the cost index and the value index calculated according to the functional attribute and the cost attribute may vary. The client is confused in the decision-making process of selecting the optimum design because the calculation range of the function, cost and value scores are different according to the evaluation subject. The necessity of indexing the cost score and the function score has been constantly raised, but it has been regarded as a difficult problem. This study presents a model that can index the function, cost and value scores using vector normalization method. Additionally, by applying this study model to the case of selecting finishing materials for the office automation floor of a building, the consistency of the study model was verified.
4 citations