Value engineering aims at finding out the
A. Depreciation value of a product
B. Resale value of a product
C. Major function of the item and accomplishing the same at least cost without change in quality
D. Break-even point when machine requires change
Answer: Option C
Solution (By Examveda Team)
Value engineering is a systematic approach aimed at enhancing the value of a product or process by improving its essential functions.It involves examining a product to identify its critical functions and finding ways to achieve these functions at the lowest cost.
This process does not compromise the quality or performance of the product; instead, it ensures that the product delivers its primary functions effectively at a reduced cost.
Hence, the main objective of value engineering is to maintain or improve functionality while minimizing costs, aligning with Option C.
This Question Belongs to Mechanical Engineering >> Industrial Engineering And Production Management
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