Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
8Activity
0 of .
Results for:
No results containing your search query
P. 1
Value AnalysisValue Engineering

Value AnalysisValue Engineering

Ratings: (0)|Views: 133 |Likes:
Published by PRAO6005
Productions and Operations
Productions and Operations

More info:

Published by: PRAO6005 on Nov 18, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

05/13/2013

pdf

text

original

 
O
peration
M
anagementAssignment-1
Explain:- Value Analysis/Value Engineering
Introduced in the present form after World WarII, in U.S.A.
Credited to Mr.L.D. Miles of General Electric.
Cost reduction Technique.
Aim: ” To achieve the required function at lowest cost”.
Value Analysis( VA) refers to study of an existing product.
Value Engineering(VE) refers to study of a product at designstage i.e. before it is manufactored.
Value Engineering
is an organized effort that employs functionalanalysis of systems, sub-systems, equipment, services and supplies toachieve the essential functions at the lowest life-cycle cost consistentwith required performance, reliability, quality and safety.
 
Value engineering
is also referred to as "
value managemen
" or"
value methodology 
" (VM), and "
value analysis
" (VA). VE is above all astructured problem solving process based on function analysisunderstanding something with such clarity that it can be described intwo words.
Value engineering
is sometimes taught within theproject managementorindustrial engineeringas a technique in which the value of a system’s outputs isoptimizedby crafting a mix operformance (function) and costs. In most cases this practice identifiesand removes unnecessary expenditures, thereby increasing the valuefor the manufacturer and/or their customers
.
Steps in VA/VE
1.Product Selection for V.A.
S
ubmitted By:-
Pratik Jain
{
078
1563908}M.B.A—Sec-‘
A
’—N.I.E.C
D
ate:-
20
.01.2009
Tue
sday
 
2.Information Gathering3.Defining the function of Product4.Exploring Alternatives5.Recommendations/presentation to top management6.Implementation7.Follow-up
Technique of VA/VE
VA/VE require creative thinking and speculation of new alternatives. This is achieved by:-BRAINSTORMING SESSIONS OF MULTI-DISCIPLINARY TEAMS:Where questions similar to following are considered:-
Eliminate?
Modify?
Use a ‘standard’ part/product?
Is it oversized?
Is it over weight?
Can an inferior material be used?
Can the design be simplified?
If you buy it from outside, will it cost less?
Can the ‘tolerances’ be increased?
Can the function be performed by cheaper alternative? etc.
Difficulties/Hardwares in implementing VA/VE
Resistance to change
Lack of motivation
Lack of patience
Lack of knowledge about the construction & function of theproduct.
Difficult to get the Team to meet.
Lack of initiative.
“Let someone else try it first” – attitude.

Activity (8)

You've already reviewed this. Edit your review.
1 hundred reads
Gunjan Mohan liked this
Eddie Oguing liked this
suryabhusal liked this
omkar_chandrayan liked this
suryabhusal liked this
b1prabhakar liked this
sipendram liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->