Value analysis planning with goal programming

Marc J. Schniederjans (), Dara Schniederjans () and Qing Cao ()
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Marc J. Schniederjans: University of Nebraska-Lincoln
Dara Schniederjans: The University of Rhode Island
Qing Cao: Texas Tech University

Annals of Operations Research, 2017, vol. 251, issue 1, No 21, 367-382

Abstract: Abstract This paper presents a model to support planning decisions in the engineering methodology referred to as value analysis. A goal programming model incorporating elements of critical path method and concurrent engineering is proposed as a means to augment the planning of value analysis projects. The modeling approach builds and extends prior goal programming research by uniquely incorporating both timing and cost information to ease modeling complexity and reveal scheduling resource tradeoffs. An illustrative example is presented to demonstrate the modeling approach informational efficacy.

Keywords: Goal programming; Value analysis; Concurrent engineering; Critical path method; Planning (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/s10479-015-1882-9

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