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

Break-even point when machine requires change
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

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Industrial Engineering and Production Management
Travel charts provide

The information for changes required in rearranging material handling equipment
A compact estimate of the handling which must be done between various work sections
An approximate estimate of the handling which must be done at a particular station
An idea of the flow of materials at various stages

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