In value engineering, important consideration is given to
Value is usually considered a relationship between
1. A system-oriented approach
2. A multi-disciplined team approach
3. A function oriented approach
Which of the above refer to value engineering?
In value engineering, value means
Value engineering is
The value engineering affects adversely
The ’value’ can be increased by
In a value analysis exercise, the cost of a product has come down by 10% without any change in its quality, The product value has improved by
In value engineering important consideration is given to
Value engineering is the application of the concept of value analysis at the design or premanufacturing stage of the component part with a view to cut down the unnecessary cost, without impairing the function or utility of the product.
Aluminium tie pin and gold tie pin, both serve the purpose of keeping the tie in position, but the gold pin has significance due to:
Esteem Value: The properties, features or attractiveness of an object makes its ownership desirable.
Use Value: The properties or qualities which accomplish a use, work or service.
Cost Value: The sum of labour, material and other cost required to produce the object (also called as Economic value).
Exchange Value: The properties or qualities of, an object that make it possible to exchange it for something else that one wants.