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. It is a primary tenet of value engineering that basic functions be.....
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http://en.wikipedia.org/wiki/Value_engineering
(from the article `research and development`) In the areas in which technology advances fastest, new products and new materials are required in a constant flow, but there are many industries in ...
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http://www.britannica.com/eb/a-z/v/5
In manufacturing, a method of producing a product at the lowest price but without sacrificing quality, safety, etc., and at the same time meeting the customers needs
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http://www.encyclo.co.uk/local/22643
The application of the Scientific Method to the study of selecting the optimum or best system that meets the need of the customer.
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https://www.encyclo.co.uk/local/21107
(DOD) An organized effort directed at analyzing the function of Department of Defense systems, equipment, facilities, procedures and supplies for the purpose of achieving the required function at the lowest total cost of effective ownership, consistent with requirements for performance, reliability, quality, and maintainability.
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https://www.encyclo.co.uk/local/21254
is as value analysis, but carried out on a potential product still at the design stage.
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https://www.encyclo.co.uk/local/21642
No exact match found.
