Value analysis—the technique: State of the art and future directions

Abstract Value analysis is an established technique that aims to identify, quantify and rectify weaknesses in products and processes by providing a set of functions at minimum cost. An eight-step process called the ‘job plan’ implements the theory. ‘Value methods’ are widely applied and have evolved with the changing competitive environment over the past 50 years. The definition of value and function analysis are two concepts around which original value analysis was built. This paper assesses the state of the art in value analysis in the context of modern product development. The findings from this analysis are then extrapolated to identify future enhancements to this already powerful technique.

[1]  Geoffrey Boothroyd,et al.  Product design for manufacture and assembly , 1994, Comput. Aided Des..

[2]  N. F. O. Evbuomwan,et al.  Quality Function Deployment—The Technique: State of the Art and Future Directions , 1997 .

[3]  K. Dhir.  Formulating management policies for value engineering/value analysis , 1987, IEEE Transactions on Engineering Management.

[4]  Modeling product development decision policies of managers and management students: Differences between subjective and relative weights , 1983, IEEE Transactions on Engineering Management.

[5]  Arthur E. Mudge.  Value engineering: A systematic approach , 1971 .

[6]  Sydney Gregory.  Design for cost manufacture in West Germany , 1983 .

[7]  James Jerome O'Brien.  Value analysis in design and construction , 1976 .

[8]  Stuart D. Green.  Beyond value engineering: smart value management for building projects , 1994 .

[9]  Masayasu Tanaka.  New approach to the function evaluation system in value engineering , 1985 .

[10]  S Sivaloganathan,et al.  Development of a methodology for using function analysis in flexible design strategies , 1998 .

[11]  J. Christopher Jones,et al.  Design methods: Seeds of human futures , 1970 .

[12]  Stein Andersen,et al.  Need assessment: a way of improving the value of new products , 1983 .

[13]  Paul T. Kidd,et al.  Agile Manufacturing: Forging New Frontiers , 1994 .

[14]  P. G. Goodwin,et al.  A method for evaluation of subsystem alternate designs , 1972 .

[15]  S J Kirk,et al.  LIFE CYCLE COSTING FOR DESIGN PROFESSIONALS. 2ND REVISED EDITION , 1995 .

[16]  Nam P. Suh,et al.  principles in design , 1990 .

[17]  Don Clausing,et al.  Total Quality Development , 1993 .

[18]  R W Broderick.  The Application of Value Analysis to some Ariane 5 Launcher Sub-Systems , 1992 .