Extended Model for Integrated Value Engineering

Manufacturing firms have to design products for global competitive markets that provide a distinct cost-value-ratio. Literature provides approaches like target costing and value engineering to counter this challenge from different angels. Combining benefits and summarize any immediate information du...

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Bibliographic Details
Published inProcedia computer science Vol. 28; pp. 781 - 788
Main Authors Behncke, Florian G.H., Maisenbacher, Sebastian, Maurer, Maik
Format Journal Article
LanguageEnglish
Published Elsevier B.V 2014
Subjects
Comprehensive Model
Multiple-Domain-Matrix
System Engineering
Target Costing
Value Engineering
Value Engineering
System Engineering
Comprehensive Model
Target Costing
Multiple-Domain-Matrix
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Summary:Manufacturing firms have to design products for global competitive markets that provide a distinct cost-value-ratio. Literature provides approaches like target costing and value engineering to counter this challenge from different angels. Combining benefits and summarize any immediate information during the application of both approaches within a comprehensive model this paper presents a model for integrated value engineering. This model is extended by the consideration of manufacturing processes as well as supply chain networks, as those factors emerge as drivers for costs and values in manufacturing firms, while the original model already considers requirements, functions and physical components of a product.
ISSN:1877-0509
1877-0509
DOI:10.1016/j.procs.2014.03.093