Extended value engineering techniques provide an efficient, systematic approach to expose unnecessary costs, spur innovation, and direct efforts toward product and process improvement. Extended value engineering involves the comprehensive application of function diagramming, cost/cycle analysis, process diagramming, and competitive cost comparison. The application of these techniques to a mining equipment manufacturer, specifically to an ore haulage vehicle, is described in terms of cost reduction and manufacturing process improvement.
Volume Subject Area:
Design for Manufacturing
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