Extended Model for Integrated Value Engineering

Behncke, Florian G. H.; Maisenbacher, Sebastian; Maurer, Maik

doi:10.1016/j.procs.2014.03.093

Cited by 32 publications

(28 citation statements)

References 19 publications

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“…Competing in a Global market the pace of change is quickening, manufacturers and businesses are forced to increase the value of their products/services and to reduce unnecessary costs [2].…”

Section: Literature Reviewmentioning

confidence: 99%

Application of Value Engineering in Head Stack Assembly Process: A Case Study

Pimpanont¹,

Chutima²

2015

IJMMM

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Abstract-Demand for data storage devices such as hard disk is rapidly increasing as almost every aspect of modern life has been digitized. Presently, one of the main challenges for storage manufacturers is to reduce operational cost while increasing the customer satisfaction so that the company can survive in the fierce competition. Recognizing the necessity of continuous functional improvement, this paper has adopted a Value Engineering (VE)-based methodology for product cost reduction in the manufacturing process of hard disk components. Value Engineering has been recognized as a powerful technique to achieve value enhancement and cost reduction. Toward this, the 7-phase work plans were developed within the framework of the VE methodology. This proposed approach has been implemented and validated in a case study, which focused on head stack assembly (has) process to reduce cost and improve quality. Application results showed that the indirect materials product cost significantly decreased by 30% while the targets of main functionalities have been achieved. Index Terms-Value engineering, head stack assembly, cost reduction.

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Section: Literature Reviewmentioning

confidence: 99%

Application of Value Engineering in Head Stack Assembly Process: A Case Study

Pimpanont¹,

Chutima²

2015

IJMMM

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“…Advantages in comparison to classical approaches is the possibility to find optimization potentials on all three product domains and therewith to analyze cause and effect of the product's elements on the product's value. Finally the implementation of the potentials is supported (Maisenbacher et al, 2013;Behncke et al, 2014;Maisenbacher et al, 2015). DSM 2015 Figure 1.…”

Section: Approaches In Cost Managementmentioning

confidence: 99%

“…By a comparison of target and current costs optimization potentials can be identified and implemented later on. However, the applied matrixes, respectively system structure, is only used to calculate the cost values (Behncke et al 2014). Accordingly to other structures we assume that these matrixes include further information which can be revealed by structural analysis.…”

Section: Introductionmentioning

confidence: 99%

Analysis of correlations between system structure and costs by structural criteria

Maisenbacher¹,

Fink²,

Behncke³

et al. 2015

Risk and Change Management in Complex Systems

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Structural system modeling uses matrixes like Design Structure Matrixes to model structures of various systems and uses analysis criteria to analyze and optimize these systems. Literature already discussed the application of structural criteria on certain system types. For example the analysis of design processes have been discussed by Kreimeyer (2009). Accordingly, this paper aims to identify and discuss correlations between product structures and costs. Therefore the Integrated Value Engineering (IVE) approach is considered as a starting point as it uses structural models to calculate cost values of products. To find correlations between product structures and costs an exemplarily use case is used. Preliminary structural criteria are identified, arranged and their applicability on different matrix types is discussed, to ensure that the exemplarily use case is analyzed in the right manner. Analysis results are directly compared to the cost values of the relevant elements of the product to identify correlations.

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“…Mr. Mile worked as purchase engineer at General Electronics (GE) from 1932 to 1947 [1]. Quantitative component of value is the ratio of Function by Cost [2]. In other words, Value= ‫݊ݑܨ‬ ‫݅ݐܿ‬ ݊…”

Section: Introductionmentioning

confidence: 99%

Application of Value Engineering to Rework Reduction in Ship Building Project

Desai

Prajapati

Patel

2016

MATEC Web of Conferences

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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.

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Extended Model for Integrated Value Engineering

Cited by 32 publications

References 19 publications

Application of Value Engineering in Head Stack Assembly Process: A Case Study

Application of Value Engineering in Head Stack Assembly Process: A Case Study

Analysis of correlations between system structure and costs by structural criteria

Application of Value Engineering to Rework Reduction in Ship Building Project

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