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

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Industrial Engineering and Production Management
Micro motion study is

Analysis of a man-work method by using a motion picture camera with a timing device in the field of view
Motion study of a sequence of operations conducted systematically
Motion study observed on enhanced time intervals
Study of man and machine conducted simultaneously

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