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A value stream is the set of actions that take place to add value to a customer from the initial request through realization of value by the customer. The value stream begins with the initial concept, moves through various stages of development and on through delivery and support. A value stream always begins and ends with a customer.
In ethics, intrinsic value is a property of anything that is valuable on its own. Intrinsic value is in contrast to instrumental value (also known as extrinsic value), which is a property of anything that derives its value from a relation to another intrinsically valuable thing. [1] Intrinsic value is always something that an object has "in ...
Instrumental and intrinsic value. In moral philosophy, instrumental and intrinsic value are the distinction between what is a means to an end and what is as an end in itself. [ 1] Things are deemed to have instrumental value (or extrinsic value[ 2]) if they help one achieve a particular end; intrinsic values, by contrast, are understood to be ...
Value engineering ( VE) is a systematic analysis of the functions of various components and materials to lower the cost of goods, products and services with a tolerable loss of performance or functionality. Value, as defined, is the ratio of function to cost. Value can therefore be manipulated by either improving the function or reducing the cost.
Value theory. In ethics and the social sciences, value theory involves various approaches that examine how, why, and to what degree humans value things and whether the object or subject of valuing is a person, idea, object, or anything else. Within philosophy, it is also known as ethics or axiology. Traditionally, philosophical investigations ...
Value in marketing, also known as customer-perceived value, is the difference between a prospective customer's evaluation of the benefits and costs of one product when compared with others. Value may also be expressed as a straightforward relationship between perceived benefits and perceived costs: Value = Benefits - Cost.
Value (computer science) In computer science and software programming, a value is the representation of some entity that can be manipulated by a program. The members of a type are the values of that type. [1] The "value of a variable" is given by the corresponding mapping in the environment. [2] In languages with assignable variables, it ...
The value of a variable or a constant is any number or other mathematical object assigned to it. Physical quantities have numerical values attached to units of measurement. The value of a mathematical expression is the object assigned to this expression when the variables and constants in it are assigned values.