A systematic method to improve the value of a product or service by analyzing its functions. Used in engineering, manufacturing, and business contexts. Often abbreviated as VE.
See also: バリューエンジニアリング
Value engineering is a method to reduce product costs while maintaining quality.
このプロジェクトでは価値工学を導入して、大幅なコスト削減に成功した。
By introducing value engineering in this project, we succeeded in significant cost reduction.