Industrial Engineering and Production Management
The aim of value engineering is to

Determine the selling price of a product
Find the depreciation value of a machine
Minimize the cost without change in quality of the product
All of these

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Industrial Engineering and Production Management
The reasons which are basically responsible for the formation of a queue should be that

Output rate is linearly proportional to input
Output rate is constant and the input varies in a random manner
All of these
The average service rate Hess than the average arrival rate

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