Industrial Engineering and Production Management
The correct sequence of phases in value engineering is

Information phase, creative phase, investigation phase, evaluation phase
Creative phase, information phase, investigation phase, evaluation phase
Investigation phase, information phase, creative phase, evaluation phase
Creative phase, investigation phase, evaluation phase, information phase

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Industrial Engineering and Production Management
Travel charts provide

A compact estimate of the handling which must be done between various work sections
An idea of the flow of materials at various stages
The information for changes required in rearranging material handling equipment
An approximate estimate of the handling which must be done at a particular station

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