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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

Author

Listed:
  • Bernardo Ramon Dante De la Gala Velasquez
  • Patricia Pilar Zirena Bejarano
  • Juan Luna Carpio

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

Suggested Citation

  • Bernardo Ramon Dante De la Gala Velasquez & Patricia Pilar Zirena Bejarano & Juan Luna Carpio, 2019. "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," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 12(1), pages 55-68.
    • Handle: RePEc:ibf:riafin:v:12:y:2019:i:1:p:55-68
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    More about this item

    Keywords

    Value Engineering; Cost Reduction; Redesign; Component Replacement; Value Management;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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