Weight Optimization of Valve for Cost Effectiveness: Using Value Analysis

Abstract

This paper concentrates on value engineering and analysis of ball valve used hydraulic systems. Principles of value engineering have been primarily applied for weight Optimization of valve for cost effectiveness as well as improvement in performance. In manufacturing industry changes observed in the product are very faster and difficult to predict its presence in comparison to earlier design due to largely changing customer demands and variety of expectation added to the changing environment. The continuous development of the technology leads to frequent changes in the design. The manufacturing industries are practicing to innovate and improve the design of product by weight optimization and improvised manufacturing process of product for cost effectiveness. Value Engineering defines a process in which the value of the product can be increased by significantly by decreasing its cost to achieve a long-term growth of the comp.