Cost Control of the Marine Diesel Based on Value Engineering

Abstract

Cost control is an important measure to improve economic benefit of enterprises, while the theory of value engineering (VE) is the best method to coordinate improving product performance with reducing the cost of production. It realizes the improvement of the value of product and economic benefit, and achieving the purpose of optimizing the cost structure. The theory of value engineering is innovatively applied to the study of cost control of the marine diesel, the function analysis system technique graphical method (FAST) is used to analyze the function of the marine diesel to screen out 16 key components which are the research elements of Value Engineer. The comprehensivefunction proportion analysis and cost analysis method are used to analyze their value and determine the components which need to be improved. At last, this paper gives out the enforceable improving scheme.

Developing a Hybrid Value Engineering and Risk Assessment (Venra) Framework for Shipbuilding and Ship Repair Industry Performance Measurement

“…Despite the wide broadly of VE implementation in many sectors, the application of VE in the Marine sector is still few, especially in the shipbuilding or ship repair industry. Garratt [22] applied the VE concept to develop the 33 HP marine industrial engine part, while Tao, Yang and Shi [23] applied the cost control of marine diesel using the VE concept. Hyland [24] implemented the VE concept on designing the division of a large graving dock using slave caissons.…”