%0 Journal Article
	%A A. Bocevska and  G. Todorov and  T. Neshkov
	%D 2013
	%J International Journal of Industrial and Manufacturing Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 75, 2013
	%T An Approach for Optimization of Functions and Reducing the Value of the Product by Using Virtual Models
	%U https://publications.waset.org/pdf/9996996
	%V 75
	%X 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.

	%P 504 - 507