Abstract—In these days Industries strives hard to meet the
requirements of the customers and tries to reduce production
cost by developing new alternatives. Value engineering is a
scientific tool for reducing the cost while meeting the customer
requirement. In the present work, the seven core steps of Value
Engineering Job Plan (VEJP) were used to reduce the cost and
improve value of a chassis component for a Heavy commercial
vehicle (HCV). The study was carried out on ‘H type Shackle of
Tata 2416 in medium class manufacturing Industry at
Ludhiana. The study revealed the poor value areas, alternatives
were developed and evaluated. At the end changes in design
were proposed leading to 7.64 % of cost saving and ease of
manufacturing also helped yield a fourfold increase in the
production.
Index Terms—Value engineering, VEJP, scientific tool, cost
reduction, satisfaction.
Prem Singh is with Guru Nanak Dev Engineering College, the
Department of Mechanical Engineering, Ludhiana, India (e-mail:
er.premsingh@gmail.com).
Jagdeep Singh is with Guru Nanak Dev Engineering College, the
Department of Production Engineering, Ludhiana, India (e-mail:
jagdeep829@gmail.com).
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Cite: Prem Singh and Jagdeep Singh, "Application of Value Engineering on Chassis Component for HCV — A Case Study," International Journal of Knowledge Engineering vol. 2, no. 1, pp. 43-49, 2016.
