A CASE STUDY ANALYSIS THROUGH THE IMPLEMENTATION OF VALUE ENGINEERING

摘要

This paper presents the basic fundamental of Value Engineering and its different phases that can be implemented in any product to optimize its value. A case study is discussed of a bath fitting product in which the material of the product is changed according to the value engineering methodology. The material is chosen such that the cost is reduced without affecting the value of the product and its design. To find the best possible alternative from the choices we have incorporated a tool named as Decision Matrix. Decision Matrix gives the most appropriate result and is even easy to use. Hence the cost is reduced as a result of the analysis.