CONCLUSION AND FUTURE SCOPE:
Graph No. 2
Value Engineering is executed in this case study by implementing design modifications and change in materials of components. From the results of the execution of value engineering to the selected components of Universal Testing Machine, we conclude as fallows,
• The design modification suggested for Dial Bracket and Top Bearing Bracket Assembly reduces the
weight and material requirements which reduces the cost and is clear from Table No.4
• Value Engineering results in use of alternative less expensive and light material. The Recorder Gears, Range Selector Knob and Hand Wheel of brass, cast iron are replaced by Nylon. This results in reduction in weight and cost of component which is clear from Table No.4
• Value analysis also deals with minimizing variety of different hardware items. This reduces the inventory of hardware and also of the required tools for operation.
• From Table No.4 it is clear that Execution of Value Engineering technique to selected six components
only results in net saving of 20.84 %.
Value Engineering is executed in this case study only for six selected component and substantial reduction in cost is achieved. In the similar manner secondary analysis for the remaining components can be made and further cost reduction can be achieved. Also Value Engineering results in the elimination of unnecessary cost by avoiding the unwanted machining of components.
The development of additional testing attachments to the existing UTM increases its use value with the addition of some cost.
REFERENCES:
[1] Amit Sharma1, Harshit Srivastava1, ME Research Scholar, PEC University of Technology, Chandigarh (India), “A Case Study
Analysis through The Implementation Of Valu