Cost Reduction of Valve: Using Value Analysis for Sustainability

Autor:	Vilas B. Shinde, Satish M. Silaskar
Rok vydání:	2017
Předmět:	Cost reduction Cost effectiveness Process (engineering) Computer science media_common.quotation_subject Value (economics) Value engineering Functional requirement Profitability index Function (engineering) health care economics and organizations media_common Reliability engineering
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.3101592
Popis:	Value Engineering (VE) defines a process in which the value of the product can be increased by significantly decreasing its cost to achieve a long-term profitability plan of a company. In this study, Value engineering tools has been primarily used to improve the value of the product and services by reducing the cost of the valve to make it cost effective. Valves are integral components in piping systems and uses for the various purposes. The study revealed the poor value areas for which the alternatives were developed and evaluated. The modification in valve can be made through analysing functional requirement of valve for the purpose of achieving the essential function at lower cost. Finally, changes in design were proposed which led to cost saving and directly profits the bottom line of the organization.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::764ababac0e5ca403b170f1098b8ab80 https://doi.org/10.2139/ssrn.3101592 Zobrazit plný text záznamu