The first decade of 21st century witnessed several changes, world wide, in technology management, restructuring and down sizing global trade and competition, international quality standards, information exchange, lean manufacturing and virtual enterprises etc. In this age of globalization, the survival of any industry mainly depends on its cost of production and quality of its products. With the rapid growth of competition and shrinking product life cycle value engineering has become an essential tool for attaining a competitive edge. This volume provides a logistic view of value engineering. The chapters written by experts in their respective fields are organized into different sections covering. · Basic concepts of value engineering · Information Technology and Value Engineering Systems · Situational Case Studies / Industrial Examples · Role of value engineering in profit improvement and effectiveness.

Conceptual Framework / Section A: Basic Concepts / Value Chain Management / Development of Quality Index for value Engineering Applications / Value Engineering for National Growth / Brainstorming: An Essential Requirement of Value Engineering Activities / Implementing Value Engineering Projects in an Organization / A Cost Effective Solution Through Value Engineering / Section B: Information Technology in Value Engineering Systems / Effective Information Technology Through Value Engineering / Design Planning of a Knowledge based System for Applications of Value Engineering in Competitive Product Design and Manufacture / Value Added Activities in Development of Software / Use of Value Engineering in Software Engineering / Section-C: Situational Case Studies / Industrial Examples / Value Analysis A Case Study / Study of Yield Improvement of R-16 Grade Material / Value Engineering-A Situational Case Study / Value Engineering Study on Improving Haemodialysis Process in Tata Main Hospital / Productivity Improvement of A Compressor Assembly Plant Layout: Value Addition by Assembly Line Balancing / Techno-economic analysis of Lubricants Used in HEMM Through Condition Monitoring / Value Analysis from the Prospective of Competitive Advantage & its Application to Industry: a Case Study of Motherboard / Value Engineering Study on Air Break Circuit of LPT1109 TC, SE/SK TC (Truck Version Vehicle) / Value Engineering Analysis of Crane Wheels: A Case Study / Value Engineering Analysis of Operation-Maintenance of Rail Track (Mining): A Case Study / Value Engineering Analysis of Conveyor System: A Case Study / Value Engineering & Its Application in Industry: A Case Study of Ceiling Fan / Intelligent Cure Monitoring of Truck Tyres by Rapidly Manufactured Smart Layer Based Aluminium Mould / Value Engineering & Its Application in Educational Institution: A Case Study of Time Analysis / Use and Selection of Basic Mechanisms for Value Added Design / PM (Power Metallurgy) Forging finds a Better Space among Conventional Manufacturing Techniques: A Value-Facturing Approach / Value Addition Through Reverse Engineering for the Custom Fit Products of Human Body Parts / Energy Conservation Study on Bottle Heat Treatment System / Section D: Profit Improvement and Effectiveness / VE-A Fast Track to Profit Improvement / A Case Study: Cost Saving by Indian Railways replacing Cast Iron Brake Blocks with Composite Brake Blocks /Waste Minimization – A Tool for Value Engineering / Author Index

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