Value analysis


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value analysis

[′val·yü ə‚nal·ə·səs]
(industrial engineering)

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.
References in periodicals archive ?
Consumption Volume and Consumption Value Analysis of Colloids (Blood Plasma) by Regions 48
Usually the firm will establish a value analysis team that may then go through the following seven-step process, which is adapted from BPP Professional Education's P2 study text:
The value analysis team should assess how its recommendations have been implemented and, where appropriate, modify the new product or production method in the light of its findings.
Value analysis is based on the answers to five questions described by (Miles, 1971):
The questions mentioned above are important for the job plan of Value analysis.
Value analysis serves as an important predicate to investor communications in an enhanced, participatory corporate governance process.
Work on value analysis is controlled and organized by a job plan of the value analysis.
The new approach that enables analysis and elimination of risk of an optimized product by value analysis is obtained by connecting value analysis and risk analysis.