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

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

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Industrial Engineering and Production Management
Which of the following are the guidelines for the construction of a network diagram?

All of the these
Dummy activity consumes no time or resource
Dangling must be avoided in a network diagram
Each activity is represented by one and only one arrow in the network

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Industrial Engineering and Production Management
A big advantage of PERT over Gantt charts is that in the former case

Activities and events are clearly shown
Early start and late finish of an activity are clearly marked
Activity times are clear
Interrelationship among activities is clearly shown

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