This research aims at presenting a consolidated model of data envelopment analysis (DEA) technique and value engineering to select the best manufacturing methods for gate valve covers and ranking the methods using TOPSIS.To do so, efficiency evaluation indices were selected based on the value engineering approach and different manufacturing methods were evaluated using DEA technique.Finally, effective methods were ranked based on TOPSIS. Accordingly, 48 different methods were identified for manufacturing the part. The DEA results showed that only 12 methods have complete efficiency. Meanwhile manufacturing method No. 32 (A216 WCB casting purchased from Chinese market as the raw material, machining by CNC+NC and drilling by radial drill) was ranked the first.Major limitations of the research include time limitations, place limitation, lack of access to the standards adaptability index in different machining and drilling methods, limitation on evaluating all parts of a product, limitation on a technique evaluating efficiency and ranking, and mere satisfying with superior indices in each factor of value engineering. Most previous studies only evaluated efficiency of manufacturing methods based on a single approach.By applying value engineering, which is in fact a combination of three approaches (including quality approach, functional, and cost approaches), the present research provided a far more comprehensive model to evaluate manufacturing methods in industrial.