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

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

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Industrial Engineering and Production Management
The process capability of a machine is defined as the capability of the machine to

Perform definite number of operations
Holds a definite spectrum of tolerance and surface finish
Produce job at a definite spectrum of speed
Produces a definite volume of work per minute

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