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PRESENTED BY
DEEPAK KHANDELWAL
Value Analysis
Value Analysis
Value Analysis is an technique to analyze functions of a product or services to achieve required functions at the lowest cost ensuring its performance.
Value is determined in terms of cost and function.
The value of a product can be improved by the following:-1. Improving function (keeping cost constant).
2. Reducing cost ( keeping function constant).
3. Both by improving function as well as reducing cost.
Classification
1. Use value – Properties / qualities which are useful and which enable the accomplishment of the purpose.
2. Esteem value – Aesthetic features or other factors which attract customers to possess it.
3. Exchange value – Properties that enables the customer to exchange it for anything else.
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