UTILIZATION OF VALUE ENGINEERING IN TEXTILE MICROENTERPRISES OF THE AREQUIPA PERU REGION UTILIZACION DE LA INGENIERIA DEL VALOR EN LAS MICROEMPRESAS DEL SECTOR TEXTIL DE LA REGION AREQUIPA PERU

Bernardo Ramon Dante De la Gala Velasquez, Patricia Pilar Zirena Bejarano and Juan Luna Carpio

Revista Internacional Administracion & Finanzas, 2019, vol. 12, issue 1, 55-68

Abstract: Companies compete in cost leadership and differentiation. For cost leadership it is essential to have low production costs, which is of special importance for a large number of companies in various industrial sectors. Value engineering is a methodology used in cost reduction especially in the construction sector. Meeker y McWilliams (2011) identify a typology of the techniques used to achieve results by applying value engineering. Most authors propose using the methodology proposed by Miles (1962) but do not show the techniques used in its implementation. This study was carried out in the apparel textile sector in the Arequipa region of Peru, in 2018. We find that both analysis and value engineering techniques have high levels of utilization, particularly the analysis of value and redesign characteristics of entrepreneurs. They do not have any association with the study variables. The reduction of costs and age, as well as the analysis of the value and have moderate associations. Through structural equation modeling we found that all study variables have adequate goodness of fit indexes

Keywords: Value Engineering; Cost Reduction; Redesign; Component Replacement; Value Management (search for similar items in EconPapers)
JEL-codes: D24 E23 L21 L23 L25 M11 (search for similar items in EconPapers)
Date: 2019
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