Industrial Engineering and Production Management
Value engineering aims at finding out the

Major function of the item and accomplishing the same at least cost without change in quality
Resale value of a product
Depreciation value of a product
Break-even point when machine requires change

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Industrial Engineering and Production Management
The critical path of a network represents

The maximum time required for completion of project
Minimum cost required for completion of project
The minimum time required for completion of project
Maximum cost required for completion of project

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