INTEGRATED VALUE ENGINEERING - IMPLEMENTATION OF VALUE OPTIMIZATION POTENTIALS
DS 84: Proceedings of the DESIGN 2016 14th International Design Conference
Year: 2016
Editor: Marjanovic Dorian, Storga Mario, Pavkovic Neven, Bojcetic Nenad, Skec Stanko
Author: Maisenbacher, S.; Fürtbauer, D.; Behncke, F.; Lindemann, U.
Series: DESIGN
Section: DESIGN METHODS
Page(s): 361-370
Abstract
The creation of valuable products requires high functionality and quality for low costs, which results in additional challenges in the design process of products. The relatively new approach of integrated value engineering uses matrices to combine target costing and value engineering in a structural model to deduce value optimization potentials. The objective of this publication is to support the implementation of these potentials and to allow a value optimization by a combination of either increasing the functionality for the customer or reducing the product's costs.
Keywords: integrated value engineering, cost management, value engineering, target costing, design for costs