Value Engineering Is ______

question 63

Multiple Choice

Value engineering is ______.

• A)used to improve,at a minimum cost,the functionality of a product without affecting its existing functions and standards
• B)used to completely analyze and improve the value of all of the components used to develop a product from its design to its final delivery
• C)used to design a product with a view to meet the requirements for a new market
• D)used to analyze the process by which market requirements may be satisfied

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Definitions:

Problem-Solving Technique

Approaches or methods used to identify solutions to specific challenges or barriers.

Linear Programming

A mathematical method used to find the best outcome (such as maximum profit or lowest cost) in a given mathematical model for some list of requirements represented as linear relationships.

Constraint

A limitation or restriction in a process, system, or activity that affects its performance or capacity.

Objective Function

A mathematical function used in optimization to define the goal of the operation, such as maximizing profit or minimizing cost.