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
In a recent article in this month's Science magazine, the news staff summarizes President Obama's and Mr. Romney's views on how to promote and maintain a trend of scientific excellence and achievement in the United States...while paying down a 1.4 billion dollar deficit. This topic is of particular interest to a discussion of greater ethical implications as we know that innovation (commonly generated through the funding of science and engineering research and education initiatives) is key in…Continue