Value Analysis

Question 1

value analysis

Answer 1

triangular matrix of:

function
/ \
cost aesthetics

Question 2

value analysis aims

Answer 2

to satisfy customers by weighing up the function, cost, aesthetic criteria.
(f = technical performance and reliability)
(c = economic cost of manufacture - how cheap is it to make)

to increase the value at the SAME COST

reduce the cost without REDUCING THE VALUE

Question 3

a value analysis study in action

Answer 3

establish the aspects to be analysed
>
collect data
>
evaluate the data and arrive at a solution

1) rank the function, cost and aesthetics with a score
1 (not fussed) - 10 (care about it) RIGHT

2) score the materials for each of the function, cost and aesthetic LEFT

times the 2 numbers together

Question 4

why perform a value analysis?

Answer 4

• when there is a lot of competition
• for a product with multiple components i.e. car parts or box of chocolates
• options of variables
  (engines have to have specific material but extras like wheel trim can use this)

Question 5

whats wrong with value analysis

Answer 5

• subjective
• depends on the scoring system
• depends on the sampling methods and market research methods