@article{(Open Science Index):https://publications.waset.org/pdf/9996996, title = {An Approach for Optimization of Functions and Reducing the Value of the Product by Using Virtual Models}, author = {A. Bocevska and G. Todorov and T. Neshkov}, country = {}, institution = {}, abstract = {New developed approach for Functional Cost Analysis (FCA) based on virtual prototyping (VP) models in CAD/CAE environment, applicable and necessary in developing new products is presented. It is instrument for improving the value of the product while maintaining costs and/or reducing the costs of the product without reducing value. Five broad classes of VP methods are identified. Efficient use of prototypes in FCA is a vital activity that can make the difference between successful and unsuccessful entry of new products into the competitive word market. Successful realization of this approach is illustrated for a specific example using press joint power tool. }, journal = {International Journal of Industrial and Manufacturing Engineering}, volume = {7}, number = {3}, year = {2013}, pages = {504 - 507}, ee = {https://publications.waset.org/pdf/9996996}, url = {https://publications.waset.org/vol/75}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 75, 2013}, }