value analysis
nounUK /ˈvæljuː əˈnæləsɪs/
US /ˈvæljuː əˈnæləsɪs/
Value analysis is a careful way of checking what something is worth or how useful it is.
The team did a value analysis to see if the new machine was worth buying.
OTHER MEANINGS
2. In business, a method of studying a product or process to find ways to make it better or cheaper without losing quality.
The factory used value analysis to cut costs while keeping the product strong.
3. In math and economics, the process of figuring out the worth of something in numbers.
Her value analysis showed the old coins were worth more than she thought.
4. A careful look at what matters most in a plan or decision.
Before the trip, they did a value analysis to decide where to spend their money.