Cost Reduction through Value Analysis & Value Engineering: A Case Study

Velikkakathote, Sojan; Teli, S.N.; Dandagi, Shivaprasad B.

ISBN 10: 3659947628 / ISBN 13: 9783659947629

Published by LAP LAMBERT Academic Publishing, 2016

About this Item

Seller Inventory # 26396997846

Bibliographic Details

• Title: Cost Reduction through Value Analysis & Value Engineering: A Case Study
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2016
• Language: English
• ISBN 10: 3659947628
• ISBN 13: 9783659947629
• Binding: Soft cover
• Condition: New

About this title

Synopsis

Value Engineering is a function oriented, systematic team approach and study to provide value in a product, system or service. Often, this improvement is focused on cost reduction; however other important areas such as customer perceived quality and performance are also of paramount importance in the value equation. Value engineering techniques can be applied to any product process procedure system or service in any kind of business or economic activity including health care, governance, construction, industry and in the service sector. Value Engineering focuses on those value characteristics which are deemed most important from the customer point of view. Value Engineering is a powerful methodology for solving problems and/or reducing costs while maintaining or improving performance and quality requirements. Value Engineering can achieve impressive savings, much greater than what is possible through conventional cost reduction exercise even when cost reduction is the objective of the task. In this work value analysis implemented to Gearbox housing and expected results will be reduction in weight and cost also saving in energy.

About the Author

Mr.Sojan V.V. is working as workshop superintendent in Pillai College of Engnieering , Newpanvel. Mr.S.N.Teli is working as Professor - Mech. Engg., Saraswati College of Engineering, Kharghar- NaviMumbai. Dr.Shivaprasad B.Dandagi is working as Dean & PG Coordinator, Department of PG Studies,Visvesvaraya Technological University-Belagavi,Karnataka.