Value analysis


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value analysis

[′val·yü ə‚nal·ə·səs]
(industrial engineering)
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

Value analysis

A technique used to examine the evolving design in order to achieve design objectives as economically as possible; it usually involves critiques of the design and subsequent analysis of alternative ideas.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved
References in periodicals archive ?
Several rounds of workshops and redesign resulted in the current version of the Sustainable Value Analysis Tool (Figure 3).
While the discount rate captures risk in a traditional present value analysis, is it reasonable to assume one discount rate captures the risk of the many different cash flows?
For example, the plaintiff may be unwilling to perform their own new value analysis, or to accept the defendant's analysis, until many months into the adversary proceeding.
Hospitals have done a better job of engaging physicians in value analysis, product standardization and other efforts to reduce IMD-related expenses, yet significant savings opportunities remain.
The R&D Centre besides providing local support from concept to implementation will also help reduce cost and enhance performance through value engineering and value analysis. SMIL has joined hands with Ricardo and Sango for technical assistance to the development programs.
Key words: innovation, stage-gate process, value analysis, product, process
Both the selling lenders and the purchasing investors are motivated and, based on a similar type of present value analysis, they can find the "right" number in a negotiated sale.
Carpentier's reconstructive valve surgery; from value analysis to value reconstruction.
The Navy's analysis does not include: (1) present value analysis to adequately account for the decreasing time value of money, (2) alternative scenarios for the future price of oil, and (3) an examination of how a less efficient conventional propulsion system would affect its cost estimates.
This would mean tapping into modern management software designed to handle projects, contracts, risk and earned value analysis," he says.