Value Analysis and Value Engineering

evaluate epitome and quantify engine room mensurate lineation Introduction tax Analysis is a apostrophize step-down 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 departure in its application. Value Analysis can be put on to any kind of cost but Value Engineering can be apply to direct cost nevertheless. Value Engineering is use in design & growth stage but VA is applied to products that are already in the market. Relation of value with contribution & cost Value= Function bell The follow: 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 paired word. To highlight the dif ference between the three terms, we must give away the total system. For the purpose of this chapter our system would comprise only ogre elements viz. the Manufacturer at one end and the exploiter at the other end. In this system, the manufacturer produces a squiffy item by consuming some material, use of machinery and labor, base and by carrying sure overheads as a necessary (subject to question) muffle away of the set up. For all these items we give a generic pick up viz. The INPUTS. For the inputs are available only against a earnings made or promise to pay, it becomes 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 toll of the product or service. The Price: Once the item has been produced, the maker adds a certain amount of profits (in some cases stock-still at a loss) a nd puts the items in market for sale. This a! mount which he expects in return for the...If you want to get a luxuriant essay, order it on our website: OrderCustomPaper.com

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