Application of Value Engineering to Rework Reduction in Ship Building Project

Abstract

Abstract-Value engineering is an organized creative technique to analyze the function of a product or a system for achieving the required function at minimum cost along with required performance, reliability, maintainability, appearance, safety etc. Value engineering has been proved to be a very effective tool of materials management and cost reduction in modern industry. It proceeds with the analysis of the value or the utility of the product and then to investigate as to how the value can be improved or if the part can be eliminated or replaced by any other part of the same value (utility) or lesser cost. The paper presents the application of value engineering to minimize rework in ship construction and reduction of cycle time of a project.

Developing a Hybrid Value Engineering and Risk Assessment (Venra) Framework for Shipbuilding and Ship Repair Industry Performance Measurement

“…Tang and Bittner [29] developed a creative design solution for a marine construction project. The VE's concept has also been applied in ship hull construction by [30] on reducing the rework in the shipbuilding project using matrix and costbenefit function through the VE workshop. Karami and Olatunji [31] suggested that the marine project's key protocols should be applied to reduce cost and time while optimising the project's quality.…”

Enhancement of Pass Percentage through Lean Six Sigma Approach in Degree Level Technical Educational Institutions

“…Currently, there are about 3,250degree level technical institutions in India with a total intake of about 15,50,000 students admitted every year. There are more numbers of technical institutions established in southern India and the growth rate of technical institutions in the recent years has been extraordinary and the problems related to this expansion are also steep [31][32][33][34][35]. This unique growth in engineering education has been caused by policy changes to permit to start self financing engineering institutions.…”