Target costing is a reverse process where companies compare the potential intended benefits of a product or solution with the optimal market price. Once an idea price point is established, you set an ...

Value engineering is defined by the Chartered Institute of Management Accountants as the functional analysis and redesign of products and services to provide value to the customer. Value engineering ...

Managerial and Decision Economics, Vol. 18, No. 2, Japanese Technology Management (Mar., 1997), pp. 113-129 (17 pages) This paper deals with the motivational impacts of alternative participation and ...

If you’re working on a new product development initiative for a discrete manufacturer, you’re likely under increasing pressure to develop those products within specific cost, weight, market and ...