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  2. Manufacturing engineering - Wikipedia

    en.wikipedia.org/wiki/Manufacturing_engineering

    Manufacturing engineers develop and create physical artifacts, production processes, and technology. It is a very broad area which includes the design and development of products. Manufacturing engineering is considered to be a subdiscipline of industrial engineering/systems engineering and has very strong overlaps with mechanical engineering ...

  3. Industrial engineering - Wikipedia

    en.wikipedia.org/wiki/Industrial_engineering

    Industrial engineers in a factory. Industrial engineering is an engineering profession that is concerned with the optimization of complex processes, systems, or organizations by developing, improving and implementing integrated systems of people, money, knowledge, information and equipment. Industrial engineering is central to manufacturing ...

  4. Real estate development - Wikipedia

    en.wikipedia.org/wiki/Real_estate_development

    Alternatively, a developer who is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately. The financial risks of real estate development and real estate investing differ due to leverage effects. [3]

  5. Manufacturing execution system - Wikipedia

    en.wikipedia.org/wiki/Manufacturing_execution_system

    MES provides information that helps manufacturing decision-makers understand how current conditions on the plant floor can be optimized to improve production output. [1] MES works as real-time monitoring system to enable the control of multiple elements of the production process (e.g. inputs, personnel, machines and support services).

  6. Precision engineering - Wikipedia

    en.wikipedia.org/wiki/Precision_engineering

    NIST Precision engineering research. Measurement of API Rotary Master Gauge on CMM. [1]Precision engineering is a subdiscipline of electrical engineering, software engineering, electronics engineering, mechanical engineering, and optical engineering concerned with designing machines, fixtures, and other structures that have exceptionally low tolerances, are repeatable, and are stable over time.

  7. Unemployment - Wikipedia

    en.wikipedia.org/wiki/Unemployment

    Classical, natural, or real-wage unemployment, occurs when real wages for a job are set above the market-clearing level, causing the number of job-seekers to exceed the number of vacancies. On the other hand, most economists argue that as wages fall below a livable wage, many choose to drop out of the labour market and no longer seek employment.

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