Industrial Engineering and Production Management
Work study is mainly aimed at

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

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Industrial Engineering and Production Management
Pessimistic time is

The average time required for a job
The maximum time which an activity might require
The most probable time considering all conditions
The minimum time in which an activity can possibly be accomplished

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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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