Value engineering: primary objective Identify the main aim of value engineering in product/process design. Choose the correct objective.
Mechanical Engineering
Industrial Engineering and Production Management
Difficulty: Easy
Choose an option
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AFind depreciation value of a machine
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BDetermine the selling price of a product
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CMinimise cost without changing the required quality/function
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DAll of the above
Answer
Correct Answer: Minimise cost without changing the required quality/function
Explanation
ConceptValue engineering seeks the best functional value by reducing unnecessary cost while preserving required performance, reliability, and quality.
Why others are incorrectDepreciation and pricing are accounting/marketing tasks, not aims of value engineering.
Final AnswerMinimise cost without changing the required quality/function