1962-01-01

Economics of Design Through Value Engineering 620499

A cost reduction program to counteract a shrinking profit trend does not necessarily mean burdensome austerity measures if management will consider the proven principles of value engineering. This paper presents a brief account of methods and applications and recommends its place in the organization. Both industrial and military establishments utilize this method to obtain “the lowest total cost to achieve essential function” of the product or system manufactured.

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