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Value engineering is a systematic approach aimed at optimizing the functions of a product, process, or system at the lowest cost without compromising quality. Its core principle is to develop creative solutions to achieve functionality and efficiency while avoiding unnecessary costs. This method typically involves multidisciplinary collaboration and can be applied at any stage of design, production, maintenance, or usage processes. Beyond cost reduction, value engineering seeks to enhance customer satisfaction and improve resource efficiency. In electrical engineering, this may involve improvements in material selection, energy efficiency, circuit design, and maintenance processes.
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