Skip to main content
SpringerLink
Log in

Component Cost Reduction by Value Engineering: A Case Study

  • Case Study
  • Published:
Journal of The Institution of Engineers (India): Series C Aims and scope Submit manuscript

Abstract

The concept value engineering (VE) acts to increase the value of a product through the improvement in existent functions without increasing their costs. In other words, VE is a function oriented, systematic team approach study to provide value in a product, system or service. The authors systematically explore VE through the six step framework proposed by SAVE and a case study is presented to address the concern of reduction in cost without compromising the function of a hydraulic steering cylinder through the aforementioned VE framework.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1

(source: SAVE, 2007)

Fig. 2
Fig. 3
Fig. 4
Fig. 5
Fig. 6

References

  1. Institute for Defense Analyses website. http://ve.ida.org/ve/ve.html

  2. SAVE International (Society of American Value Engineers). Value Methodology Standard, USA (2007)

  3. L.D. Miles, The Fundamentals of Value Engineering. in Proceedings of the SAVE convention, 1966

  4. U. Ibusuki, P.C. Kaminski, Product development process with focus on value engineering and target-costing: a case study in an automotive company. Int. J. Prod. Econ. 105, 459–474 (2007)

    Article  Google Scholar 

  5. S.W. Fong, Value engineering in Hong Kong—a powerful tool for a changing Society. Comput. Ind. Eng. 35(34), 627–630 (1998)

    Article  Google Scholar 

  6. H. Tohidi, Review the benefits of using Value Engineering in Information Technology Project Management. Procedia Comput. Sci. 3, 917–924 (2011)

    Article  Google Scholar 

  7. W.H. Fang, J.H. Rogerson, Value engineering for managing the design process. Int. J. Qual. Reliab. Manag. 16(1), 42–55 (1999)

    Article  Google Scholar 

  8. M.S. Vittal, Achieving Competitive Edge Through Value Engineering (System Consultancy services, Bangalore, 1997)

    Google Scholar 

  9. P. Bowen, K. Cattell, I. Jay, P. Edwards, Value management in the South African manufacturing industry: exploratory findings. Manag. Decis. 49(1), 6–28 (2011)

    Article  Google Scholar 

  10. S.E.G. Elias, Value engineering—a powerful productivity tool. Comput. Ind. Eng. 35(3–4), 381–393 (1998)

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. BML Munjal Univerity, Gurgaon, 122413, Haryana, India

    Vinayak Kalluri

  2. National Institute of Technology Jamshedpur, Jamshedpur, 831014, Jharkhand, India

    Rambabu Kodali

Authors
  1. Vinayak Kalluri
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Rambabu Kodali
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Vinayak Kalluri.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Kalluri, V., Kodali, R. Component Cost Reduction by Value Engineering: A Case Study. J. Inst. Eng. India Ser. C 98, 219–226 (2017). https://doi.org/10.1007/s40032-016-0279-0

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s40032-016-0279-0

Keywords

Search

Navigation