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

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

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Industrial Engineering and Production Management
Time study is carried out

By finding all the significant informations regarding the job, work place and machine tool etc
By breaking up each operation into small elements which are measurable with the help of the measuring device accurately
By observing and recording the time taken by the operator for an operation
All of these

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