Model for integrated value engineering

S. Maisenbacher, F. G.H. Behncke, U. Lindemann

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

The approaches of target costing and value engineering support product development processes in identifying target costs from a customer perspective and in improving the value cost ratio of a product. This research introduces the approach of Integrated Value Engineering, which combines both approaches in one model. In the Model for Integrated Value Engineering the three levels components, functions and requirements of a product are modeled in a matrix and target costs from requirements and current costs of components are assigned to each other on all three levels. This allows a holistic comparison of the current costs with customer based target costs and easily highlights potentials for cost reduction or adding value. The approach is evaluated by an academic and an industrial case study.

Original languageEnglish
Title of host publicationIEEE International Conference on Industrial Engineering and Engineering Management
PublisherIEEE Computer Society
Pages1288-1292
Number of pages5
ISBN (Electronic)9781479909865
DOIs
StatePublished - 18 Nov 2014
Externally publishedYes
Event2013 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2013 - Bangkok, Thailand
Duration: 10 Dec 201313 Dec 2013

Publication series

NameIEEE International Conference on Industrial Engineering and Engineering Management
ISSN (Print)2157-3611
ISSN (Electronic)2157-362X

Conference

Conference2013 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2013
Country/TerritoryThailand
CityBangkok
Period10/12/1313/12/13

Keywords

  • Value engineering
  • integrated model
  • multiple-domain-matrix
  • target costing

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