Value Analysis and Value Engineering

evaluate epitome and pass judgment engineering science value compend Introduction shelter Analysis is a apostrophize decline technique. It aims at cost reduction from the point of view of value. It aims at increasing value of the progeny & reducing cost. It aims at reducing cost by maintaining quality & reliability. It is a planned & scientific approach to cost reduction. Value Analysis & Value Engineering can be utilize interchangeably nevertheless there is slight leaving in its application. Value Analysis can be exercise to any kind of cost but Value Engineering can be apply to direct cost simply. Value Engineering is apply in design & training stage but VA is applied to products that are already in the market. Relation of value with contribution & cost Value= Function bell The make up: Although the term Value is used very commonly as a synonym to Cost or Price, but in the context of VAVE it is an entirely diametral word. To high light the difference between the three terms, we must cheat on the total system. For the purpose of this chapter our system would comprise only deuce elements viz. the Manufacturer at one end and the substance abuser at the other end.

In this system, the manufacturer produces a certain item by consuming some material, use of machinery and labor, reference work and by carrying sure overheads as a necessary (subject to question) cut in away of the set up. For all these items we give a generic wine pick up viz. The INPUTS. For the inputs are available only against a earnings made or promise to pay, it beco mes a commitment of the manufacturer, which ! kind of or later he has to pay. As this amount has got no relevance whether the product is sold or not, it is independent of the market, and this dust a fact. This part would form (and is called) the woo of the product or service. The Price: Once the item has been produced, the manufacturer adds a certain amount of profits (in some cases withal at a loss) and puts the items in market for sale. This amount which he expects in return for the...If you want to get a good essay, order it on our website: OrderCustomPaper.com

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