Chemical Engineering - Chemical Engineering Basics - Discussion


The most important consideration in value engineering is the

[A]. profit maximisation.
[B]. customer satisfaction.
[C]. cost reduction.
[D]. process improvement.

Answer: Option B


No answer description available for this question.

Sunil Tiwari said: (Apr 8, 2018)  
Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost.

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