WEIGHT REDUCTION OF FLYWHEEL APPLYING VALUE ENGINEERING: A CASE STUDY

In this paper the concept of Value Engineering, its job plan and the effective implementation of it through a case study approach has discussed. This work presents the basic fundamental of Value Engineering and its different phases that can be implemented in any product to optimize its value. A case study is discussed of a flywheel in which the material of the product is changed according to the value engineering methodology. The material is chosen such that the weight is reduced without affecting the value of the product and its design. Hence the weight is reduced as a result of the analysis. Through the application of Value Engineering profits are maximized without hindering the reliability of the product. With the effective utilization of the technique the final outcomes comes out to be a successful showcase of value engineering