2. Course: Value Engineering Faculty: Mr. Jayanth Murthy Date: 8th to 12th August 2011 Team Members: AlomiChishi, Ankur Gupta, Jaskeerat bedi, MadhumantiGhosh, Subhash Chandra Gupta, VaibhavVyas Batch: Post Graduate Diploma Program in Design, 2011 Discipline: Strategic Design Management, Semester III Institute: National Institute of Design, Gandhinagar, India
4. Introduction Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. Value= Function cost 8/12/2011 1
5. Project Selection Phase Product chosen : ‘Plastic Bulb Holder’ Manufacturer : Local MRP: Rs 8:00 Colour : Black Description : Outer body is injection molded , made out of plastic (bakelite) and two bronze electrical connectors to connect to the electricity. The plastic bulb holder is a medium to mechanically support a bulb and to make electrical contact. 2 8/12/2011
12. Cost of manufacturing - 1 .5 Cost of material - 2.23 Bakelite Brass Cost of manufacturing - 0.5 Cost of manufacturing - 1 Cost of material - 0.28 Cost of material - 1.95 9 8/12/2011
15. Creative phase Design 1- INTEGRATED BATTERY within BULBHOLDER Adding Function of an integrated battery, that gets charged with heat/light energy produced by the bulb, when connected via electricity. If the electricity goes off, the battery gets activated and the bulb is switched ON . Though the cost of the bulb holder increases, the function of the bulb holder increases many times. Houses that have power cuts up to 8 hours may consider replacing for this design. Material used for the new design will be better, better technology 12 8/12/2011
16. Creative phase Design 2- MINIMALIZED material Value can be increased if we reduce the material of Brass and spring used in the bulb holder. This can be achieved if re-design the plate inside the holder, closer to the bulb. Also the bulb is interlocked by threading. The number of threads can be controlled and reduced. This design will use lesser material and better interlocking techniques. 13 8/12/2011
17. Creative phase Design 3- SAFE DESIGN The most important aspect of a bulb holder is that it should be safe for uses to use. In our third option, we use superior quality material and complex design using magnetic plates, that will ensure easy & safe usage for wiring and attaching the bulb. Superior Material, durable product & ease of use 14 8/12/2011