Using of Value Engineering in Main Road Construction

Ismail, Amiruddin; Aminzadeh, Rahim; Aram, Ali; Arshad, Ishak

doi:10.3923/jas.2010.2950.2953

Cited by 5 publications

(5 citation statements)

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“…Value analysis is a method that applies a systematic, inter-disciplinary valuation of causes that affect production costs in order to devise appropriate ways of realising the exact activity most economically at the prerequisite quality (Ismail et al, 2010). The benefit of VA aims at a specific product or process to increase efficiency in managing projects by resolving problems, encourage innovations and improve communication across the SME (Drury, 2018).…”

Section: Value Analysis (Va)mentioning

confidence: 99%

“…VA also enables people's contribution to the value-added process by continuously focusing on products design and services. Finally, VA provides risk reduction and continuous improvement of SMEs (Ismail et al, 2010). To achieve the above, VA undertakes activities such as cost analysis of products' functions and evaluates alternatives.…”

Section: Value Analysis (Va)mentioning

confidence: 99%

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Innovative management accounting practices for sustainability of manufacturing small and medium enterprises

Nartey

Poll

2021

Environ Dev Sustain

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The environment in which manufacturing small and medium enterprises operate has become very complex, and therefore manufacturing SME’s owners need to be aware of the impact their decisions have on the environment and society. The aim of the research was to identify which innovative management accounting practices can be integrated into manufacturing SMEs’ strategies to overcome the challenge of being blamed by stakeholders as contributors to social and environmental problems. Published articles were sourced from the University of South Africa’s online library using keywords. A systematic literature review was employed to discover themes and concepts during secondary data gathering to detect traditional and innovative MAPs in management accounting literature all over the globe. The qualitative data analysis and research software, Atlas.ti was used to synthesise the data. Thematic analysis was used to evaluate the occurrence of words, phrases, themes, metaphors, and the construction of concepts in MAPs literature. During the analysis, seven innovative MAPs (activity base costing/budgeting; product life cycle costing; total quality management; environmental costing; target costing; kaizen costing and value analysis) were identified. It is recommended that manufacturing SMEs integrate these innovative MAPs into their strategies to impact their environmental, social, supply chain management and recycling policies to promote operational efficiency to achieve sustainability. Further research to identify influencing factors; strategic procedures; and the environmental and social benefits of integrating these identified innovative MAPs into manufacturing SMEs to achieve sustainability, should be undertaken.

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Section: Value Analysis (Va)mentioning

confidence: 99%

Section: Value Analysis (Va)mentioning

confidence: 99%

Innovative management accounting practices for sustainability of manufacturing small and medium enterprises

Nartey

Poll

2021

Environ Dev Sustain

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“…Ismail et al achieved the new model of VE in Main Road Construction (VEMRC), which leads to decrease in time and cost, and increase the quality in projects. Their results indicate that VE techniques are very useful in construction of main roads, and such techniques are inclined to work not only in the stage of design but in all stages of projects (Ismail et al ., 2010). In the other research Kolla and Eng examined the relation between the application of Highway design standards and VE.…”

Section: Literature Reviewmentioning

confidence: 99%

Selecting an appropriate alternative for a major infrastructure project with regard to value engineering approach

Mousakhani

Yavarkhani²,

Sohrabi

2017

JEDT

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Purpose Road construction projects are one of the strategic industries in each country and their construction and development requires spending huge funds. Regarding the increased demand and resource constraints; a technique which reduces costs by maintaining and improving the functioning is of great importance for the authorities of each country. Value engineering is a comprehensive and coherent means based on innovation and team work which, in addition to maintaining the quality and improving the project function, reduces its cost and is not limited to the design and construction phase; however, it includes exploitation and maintenance as well. This study aims to present a practical model for the implementation and application of value engineering process in a construction project located in a special region (in terms of tourism, positioning in an economic growth path, and the East-West strategic axis of the region). In this regard, after reviewing the advisor's design, considering the interests of the project stakeholders, reviewing design criteria and assessment methods and with the use of value engineering techniques, a new option was presented which led to a significant reduction in costs and time and an increase of quality, safety, and environmental factors. Finally, including initial costs, repair, maintenance, income and expenses, the relative value index of this option, compared to the advisor's option, increased from 0.9 to 3.5. Based on the increased need for development of roads in the country, exploiting this model in similar projects can significantly improve the project value and the effectiveness of investments. Design/methodology/approach This research project was selected with regard to the extremely high credit of the project and its potential in terms of Value Engineering implementation. In this study, technical and financial information were first collected after forming a value engineering team including a value engineering expert who was responsible for coordinating the work, some representatives of the employer, designer, executor, and budget estimator. In functional analysis phase with the use of FAST graph, advantageous, costly, and risky functions were identified. In the creativity phase, ideas related to selected functions were created and investigated and developed in the evaluation phase. Finally, calculating the value index, two variants with higher value index than the baseline plan, were proposed and implemented. Findings Since the determining criteria of designing and implementation of road construction projects including increased safety, reduced travel time, user satisfaction, ease of implementation, cost of construction and maintenance and so on are almost similar in most projects, using this study results and implementing its practical framework in other construction projects can be beneficial. These parameters lead to an increase in quality, value, and safety of the project. With regard to done steps and resulted incomes, this essay can be known as a practical and theoretical model to promote the value of crucial projects especially in developing countries. Research limitations/implications Sanandaj-Hamedan road with the length 176km connects central provinces of Iran. This study is regarding the first part of this route. Based on the specific topography of the region and the existing road limitations, selecting a good variance with all the features of an ideal road from geometric, economic, and safety aspects is a difficult task. Originality/value Employers and project sponsors are always looking for products with greater value and lower cost; therefore, present a practical model for the implementation and application of value engineering process in a construction project and providing a similar work experience can encourage the use of value engineering techniques and significantly improve the project value and the effectiveness of investments.

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“…The method of the value engineering principle is to coordinate the most important aspects of the study object, i.e. to systematically analyse all functions and cost of the object, and to continually innovate resulting in improvement of the management and value of the object (Ismail et al 2010;Zhang 2009). The purpose of the value engineering principle is to make a product or an object have a suitable value at the lowest cost.…”

Section: Methods Of Value Engineering Principlementioning

confidence: 99%

Mining method optimisation of Bayi gold mine based on the value engineering principle

Cai¹,

Lyu²,

Wu³

et al. 2017

Proceedings of the First International Conference on Underground Mining Technology

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Bayi gold mine is located in the northeast of Habahe County, Altai city, Xinjiang autonomy region, China. There are No. 1 and No. 2 mining districts in the mine, of which No. 1 is the main production district. The group of 12# veins is the main orebody, of which the top veins over +610 m were mined out with the open pit mining method. The upper part of the remaining orebodies is mined underground with the short-hole shrinkage stoping method. However, at about +400 m level, those veins gradually merge into one 30-60-m thick orebody, hence the mining method for the lower thick orebody has to be changed. For safe mining, the backfill method has been suggested. In this paper, mining method selection was regarded as a system engineering problem with multi-objective decision-making. In the primary selection, three kinds of underground backfill mining methods were proposed. A comprehensive multi-objective decision-making index system for mining method optimisation was built up based on the value engineering principle, and technical feasibility, resources utilisation and economic benefit factors were taken in consideration for safe mining and environmental protection. In order to integrate the experts' experience and to put the original qualitative comparison into quantitative analysis, the comparative importance of the functional parameters decided by the 0-1 compulsory scoring method was introduced. Therefore, the functions and values of primary selected mining methods with unified multi-objective data for comparison were obtained. Based on that, the optimised mining method, i.e. sublevel open stoping with delayed backfill, was selected. The final optimised mining method was designed and put into stope preparation.

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Using of Value Engineering in Main Road Construction

Cited by 5 publications

References 0 publications

Innovative management accounting practices for sustainability of manufacturing small and medium enterprises

Innovative management accounting practices for sustainability of manufacturing small and medium enterprises

Selecting an appropriate alternative for a major infrastructure project with regard to value engineering approach

Mining method optimisation of Bayi gold mine based on the value engineering principle

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