The Value Engineering Approach (VE) is also based on Function (like systems approach), although more narrowly than a system perspective which spans the universe e.g., "galactic system" The basic VE formula is:
Vmax = required function/minimum cost (required function divided by minumun cost)
An extreme example of VE approach is a necktie clip. Think ! What would be a max value necktie clip ?
The VE approach…Continue
Added by Al LeBlanc on November 12, 2013 at 10:29am — No Comments