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

Depreciation 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
Resale value of a product

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Industrial Engineering and Production Management
The critical path of a network represents

Maximum cost required for completion of project
Minimum cost required for completion of project
The minimum time required for completion of project
The maximum time required for completion of project

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