TY - JOUR AB - Failure Mode and Effects Analysis (FMEA) and Value Engineering (VE) are well-established methods in the manufacturing industry, commonly applied to optimize product reliability and cost respectively. Both processes, however, require cross-functional teams to identify and evaluate the product/process functions and are resource-intensive, hence their application is mostly limited to large organizations. In this paper, we present a methodology involving the concurrent execution of FMEA and VE, assisted by a set of hierarchical Functional Analysis Diagram (FAD) models, along with the outcomes of a pilot application in a UK-based manufacturing Small-Medium Enterprise (SME). Analysis of the results indicate that this new approach could significantly enhance the resource efficiency and effectiveness of both FMEA and VE processes. AU - Michalakoudis,I AU - Childs,P AU - Aurisicchio,M AU - Harding,J DO - 10.1177/1687814016685223 EP - 11 PY - 2016/// SN - 1687-8140 SP - 1 TI - Using functional analysis diagrams to improve product reliability and cost T2 - Advances in Mechanical Engineering UR - http://dx.doi.org/10.1177/1687814016685223 UR - http://hdl.handle.net/10044/1/42849 VL - 9 ER -