Mechanical Engineering - Industrial Engineering and Production Management - Discussion

Discussion Forum : Industrial Engineering and Production Management - Section 1 (Q.No. 1)
1.
The aim of value engineering is to
find the depreciation value of a machine
determine the selling price of a product
minimise the cost without change in quality of the product
all of the above
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
17 comments Page 1 of 2.

Karthikeyan said:   6 years ago
Value engineering is used to solve problems and identify and eliminate unwanted costs, while improving function and quality. The aim is to increase the value of products, satisfying the product's performance requirements at the lowest possible cost.
(2)

Arun mishra said:   1 decade ago
Value engineering is done at time of design. So we have to optimize the product and the best thing can be done is to minimize the cost without compromising the quality.

Vishal Khairnar said:   1 decade ago
Value engineering is the quality product with less cost and with good service life and it require good quality man force and machine set up to achieve good quality.
(1)

Muthukumar said:   1 decade ago
It is about to define the each and every products or pieces or any equipment with full details for production marketing or purchasing order. Etc.

Raviteja said:   1 decade ago
Maximum it does not depend up on cost, but to improve it and more comfort with a less amount of energy evolved.

Manoj said:   10 years ago
Value engineering is to remove non value added works like inspection of material and machine setup.
(1)

Ephrem said:   1 year ago
The goal of Value Engineering is minimizing costs and improving functionality or quality.

Sai dinesh said:   1 decade ago
Minimizing the cost without change in quality of the material is not so easy.

Prabhu said:   1 decade ago
Value engineer must increase the value of product with available benefits.

GNagaraju said:   1 decade ago
Based on customer needs we need to improve the quality of the product.


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