In the value analysis, the value is denoted by

Explanation

• The term value in value Engineering defined as the cost of proportionate to the function.

 \(value = \frac{{Function\left( {or~utility} \right)}}{{cost}}\)

• Value of the product can be increased either by increasing it’s a utility with the same cost or decreasing its cost for the same function.
• A function specifies the purpose of the product or what the product does, what is its utility.