ME- 467 E VALUE ENGINEERING
ME- 467 E VALUE ENGINEERING
Sessional marks : 50
Theory marks : 100
PART- A
UNIT – I Introduction:
Value Engineering concepts, Advantages, Applications, Problem recognition, and role in productivity criteria for comparison, element of choice.
UNIT – II Organisation:
Level of VE in the organization, Size and skill of VE staff, small plant VE activity.
Unique and quantitative evaluation of ideas.
PART- B
UNIT – III Analysis Of Function:
Anatomy of the function, Use esteem and exchange values, Basic vs secondary vs. unnecessary functions.
UNIT – IV Value Engineering Techniques:
Selecting products and operation for VE action, VE programmes, determining and evaluating function(s) assigning rupee equivalents, developing alternate means to required functions, decision making for optimum alternative, Use of decision matrix, Queuing theory and Monte Carlo method, make or buy, Measuring profits, Reporting results, Follow up, Use of advanced technique like FAST (Function Analysis System) Tech.
Reference and Text Books:
1. Techniques of Value analysis and engineering – Miles, Pub.- McGraw Hill.
2. Value Management – Heller Pub.- Addison Wesley.
3. Value Analysis and Value – Oughson, Pub.- Pitman.
Note: In the semester examination, the examiner will set eight questions in all, taking two questions from each unit. The students will be required to attempt 5 questions in all, taking at least two questions from each Part.
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