SAE Transactions, Vol. 106, Section 5: JOURNAL OF MATERIALS & MANUFACTURING (1997), pp. 772-776 (5 pages) The Value Engineering (VE) process, and therefore, the equation "Value = Function/Cost" is ...
Value engineering is defined by the Chartered Institute of Management Accountants as the functional analysis and redesign of products and services to provide value to the customer. Value engineering ...
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