Universal Journal of Industrial and Business Management(CEASE PUBLICATION) Vol. 1(4), pp. 162 - 170
DOI: 10.13189/ujibm.2013.010404
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Value Analysis Method, Leverage for Cost Reduction and Technological Change in the Electrical Engineering Field

Cristina Mihaela Gheorghe ^1,*, Mircea Covrig ¹, Mihai Virgil Popescu ^2
1 Faculty of Electrical Engineering, University Politehnica of Bucharest, 313 Splaiul Independentei, Bucharest, 060042, Romania
² Electrical Machine Works Bucharest, Romania

ABSTRACT

Based on both the manufacturer's perspective (an engineering approach) and the customer’s point of view (a marketing approach), the Value Analysis Method can determine both directions to reduce production cost and technological change to a product. The method allows the analysis of the possibilities to reduce manufacturing costs based on a detailed investigation of the current cost of a product. The present paper tackles the implementation of the Value Analysis Method in the manufacturing of electrical motors, with application for the flameproof motors. The authors identified four categories of flameproof motor functions: (a) strong undervalued functions, (b) strong overvalued functions, (c) slightly under / over-valued and (d) proportionately valued functions (by the manufacturer). Hence, the data on the production costs are provided by a domestic (Romanian) producer. It examines the method’s potential to create solutions to increase efficiency and effectiveness of the studied motors.

KEYWORDS
Value Analysis, Cost Reduction, Technological Change, Electrical Engineering, Flameproof Motors

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Cristina Mihaela Gheorghe , Mircea Covrig , Mihai Virgil Popescu , "Value Analysis Method, Leverage for Cost Reduction and Technological Change in the Electrical Engineering Field," Universal Journal of Industrial and Business Management(CEASE PUBLICATION), Vol. 1, No. 4, pp. 162 - 170, 2013. DOI: 10.13189/ujibm.2013.010404.

(b). APA Format:
Cristina Mihaela Gheorghe , Mircea Covrig , Mihai Virgil Popescu (2013). Value Analysis Method, Leverage for Cost Reduction and Technological Change in the Electrical Engineering Field. Universal Journal of Industrial and Business Management(CEASE PUBLICATION), 1(4), 162 - 170. DOI: 10.13189/ujibm.2013.010404.