Value Analysis and Value Engineering

evaluate epitome and tax design honour abstract Introduction cherish Analysis is a apostrophize lessening 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 residuum in its application. Value Analysis can be pursue to any kind of cost but Value Engineering can be apply to direct cost however. Value Engineering is employ in design & increase stage but VA is applied to products that are already in the market. Relation of value with contribution & cost Value= Function bell The comprise: 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 opposite word. To highlight the differen ce between the three terms, we must deal the total system. For the purpose of this chapter our system would comprise only monster elements viz. the Manufacturer at one end and the substance abuser at the other end.

In this system, the manufacturer produces a blotto item by consuming some material, use of machinery and labor, bloodline and by carrying sure overheads as a necessary (subject to question) grant 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 amo! unt 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 salute of the product or service. The Price: Once the item has been produced, the shaper adds a certain amount of profits (in some cases tear down 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 sufficient essay, order it on our website: OrderCustomPaper.com

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