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.

Formalizing Over Design and Under Design of Value Engineering for Context-Aware Cloud Service Development

Abstract: Context-aware Cloud services, which may significantly enhance usability of the future Internet-based information infrastructure, also brings in new challenges to Cloud system development. In this paper, we investigate application of value engineering, a systematic method for achieving optimal system design, to address the challenges introduced by the complex computing and networking systems required for context-aware Cloud services. We particularly study the Under Design (UD) and Over Design (OD) problems in bridging business planning and technical implementation of Cloud services. We propose a cognitive conceptualization of UD/OD from a knowledge introduction perspective and show effectiveness of the formalization through simulations.

What’s High-Value Engineering and Its Influencing Factors in International Network Operations?

Abstract: High-value engineering (HVE) makes a great contribution in enhancing the competitive advantage of enterprise and in accelerating regional economic and technological development. The effective management of HVE activities in international business networks has become a topic of increasing importance in recent academic research. Understanding its value creation mechanisms and their influencing factors are critical for this research area. With the globalization of the world economy, engineering arranges its activities around the world. It will face a more complex network and a more dynamic environment, and some additional factors need to be considered based on original value creation mechanism. Therefore, after making clear HVE and its corresponding network issues in international operations, its influencing factors are then discussed from the aspects of value creating stages and international network operations. The influencing factors have then been classified into five aspects which suggest an integrating framework for further research.

Application of Value Engineering in Construction Building

Abstract: Saving money and, at the same time, providing better value is a concept that everyone can support. The benefits of spreading our invested rupee, building more for less money, increasing efficiency and cutting down our dependency on energy-intensive buildings and plant facilities need to be recognized today and pursued in the future. Value Engineering (VE) is not just "good engineering", it is not a suggestion program or a routine plan review, but it is a new, fresh look at problems starting from basic functional requirements - an independent approach to the project. Value Engineering is a methodology used to analyze the function of the goods and services and to obtain the required func- tions of the goods and service of the user at the lowest total cost without reducing the necessary quality of performance. The program seeks to improve the management capability of people and to promote progressive change by identifying and removing unnecessary cost. I. INTRODUCTION 1.1 BACKGROUND The construction sector is one of the main players in econom- ic growth. In India it is the second highest employer, after ag- riculture, employing over 32 million people. The construction sector in India accounts for 5% of the gross domestic product and 38% of the gross domestic investment. The construc- tion sector is broadly divided into four areas; infrastructure (54%), industrial (36%), residential (5%) and commercial (5%). According to estimates, the construction business volume is about Rs. 2400 billion. Earlier the industry was growing at over 10%, which decelerated due to the economic slow- down. Now it is looking up again. Construction industry is an index of growth of a nation. To- day, the construction industry is the second largest employ- ing skilled and semiskilled labour after agriculture and plays an important role in our nation's economy. Due to increase in business opportunity and migration of labour, the demand for commercial and housing spaces has also increased. Ac- cording to the tenth five year plan (July, 2003), the estimate of shortage in urban housing is assessed to be 8.89 million units. As of now, the housing and construction industry em- ploys 30nmillion people and about 250 industries are associ- ated with construction industry directly or indirectly. Keeping costs low with traditional methods has been a com- mon practice to improve competitiveness. Saving money and, at the same time, providing better value is a concept that everyone emphasizes. Value Engineering is a practice whose goal is, always, to achieve value for money. Value Engineering aims to deliver measurable value improve- ments through cost reduction and or improve quality and enhance design features for the customer. These disciplines cannot be ignored if a company is to continue meeting the rising expectations of its customer, who will always take their business to where they can get the highest quality at the low- est possible price.

Development Value engineering modeling in construction transportation

Abstract: Problem statement Value engineering focuses on function analysis of research objects and strives to achieve the required function reliably at the lowest life cycle cost to gain the best integrated benefits. Approach: Value Engineering seeks optimizing and improving decision making to realize the optimal expenditure of owner funds while meeting required function at the lowest cycle cost. Results: VE, transportation construction applying value engineering to evaluate the schemes include identifying research object, object functions analysis, object cost analysis, scheme evaluation and analysis. VE can play a boarder role to support effective decision making for transportation projects to increase project performance and quality, balance project objectives, and manage community expectation. Conclusion: This study achieved to the model Value Engineering in transportation Construction (VETC) which cause decrease time, decrease cost and increase quality, Using Human Resource specialist and reduce Construction Materials in transportation it has been.