Open AccessValue Analysis and Value Engineering on the Sustainability of Global Sourcing Competitiveness
Author(s) -
Cheng-Wen Lee,
Chi-Hsi Wang
Publication year - 2021
Language(s) - English
DOI - 10.47260/jafb/1161
Subject(s) - sustainability , value (mathematics) , cruise , business , value engineering , strategic sourcing , sustainable development , order (exchange) , product (mathematics) , environmental economics , industrial organization , engineering , economics , operations management , marketing , computer science , mathematics , strategic planning , ecology , geometry , strategic financial management , finance , machine learning , biology , aerospace engineering
In this research, the sustainability and global sourcing competitiveness ofinternational cruise ships is studied. The sustainability and competitiveness is justlike two sides of a coin. On one hand, reducing the pollution and raw material wasteis not only to protect our precious nature resources, but also to bring the cost down.On the other hand, a good global sourcing decision could deliver the cost savingand also keep the cruise ship industry towards the sustainable way. Therefore, inorder to reach the goals of sustainability and competitiveness, the cruise ships mayapply the current common practice of value analysis and value engineering to identify the possible global sourcing opportunity. This short exploratory paper outlinessome of the characteristics of value analysis and value engineering, as illustrated bysustainability of global sourcing competitiveness. Eventually, the discussion of thispaper provides some implications for international cruise ship companies.JEL classification numbers: F16, F60, Q23.Keywords: Value Analysis, Value Engineering, Sustainability, Global Sourcing.