Chapter 33

Value Engineering

Abstract

The DMADV methodology discussed in the previous chapter cited value engineering as an effective tool in refining the existing design of a product towards the goal of Design for Six Sigma. In this chapter, we will have an overview of the detailed methodology of this tool along with a case study.

Keywords

DMADV; DFSS; Value engineering; Value analysis; Value management; Value-added value engineering; Method study; Value; Performance; Cost; Functions; Cost value; Exchange value; Esteem value; Place value; Time value; 8 Phases of value analysis; DARSIRI; FAST; JLO petrol engine and clutch base plate

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