Industrial Engineering and Production Management
Work study is mainly aimed at

Economizing the motions involved on the part of the worker while performing a job
Developing the standard method and standard time of a job
Determining the most efficient method of performing a job
Establishing the minimum time of completion of a job

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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
Break-even point when machine requires change
Depreciation value of a product

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