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Define value Engineering. Explain various steps in value engineering

Mumbai University > Mechanical Engineering > Sem 8 > Industrial Engineering And Management

Marks: 10M

Year: Dec 2015

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Value engineering is a systematic examination of factors affecting the cost of a product or a service in order to devise means of achieving the specified purpose at the required standard of quality and reliability of the target cost. The main aim of value engineering is to achieve a product's …

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