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
Scheduling

Regulates the progress of job through various processes
Prescribes the sequence of operations to be followed
Determines the programme for the operations
Is concerned with starting of processes

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