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Industrial engineering

HISTORY OF INDUSTRIAL ENGINEERING – THE INDUSTRIAL REVOLUTION

HISTORY OF INDUSTRIAL ENGINEERING – THE INDUSTRIAL REVOLUTION

Even though historians of science and technology continue to argue about when industrial engineering began, there is a general consensus that the empirical roots of the profession date back to the Industrial Revolution, which began in England during the mideighteenth century. The events of this era dramatically changed manufacturing practices and served as the gene- sis for many concepts that influenced the scientific birth of the field a century later. The driving forces behind these developments were the technological innovations that helped mechanize many traditional manual operations in the textile industry. These include the flying shuttle developed by John Kay in 1733, the spinning jenny invented by James Hargreaves in 1765, and the water frame developed by Richard Arkwright in 1769. Perhaps the most important innovation, however, was the steam engine developed by James Watt in 1765. By making steam practical as a power source for a host of applications, Watt’s invention freed manufacturers from their reliance on waterpower, opening up far greater freedom of location and industrial organization. It also provided cheaper power, which led to lower production costs, lower prices, and greatly expanded markets. By facilitating the substitution of capital for labor, these innovations generated economies of scale that made mass production in centralized locations attractive for the first time. The concept of a production system, which lies at the core of modern industrial engineering practice and research, had its genesis in the factories created as a result of these innovations.

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Commercial Real Estate Property

What Will the Dream Real Estate Investment for Realty Buyers and Investors In The United Kingdom 2019?

What Will  the Dream Real Estate Investment for Realty Buyers and Investors In The United Kingdom 2019?


Real Estate System for Real Estate Investors

https://shezglobalrealty.blogspot.com


The United Kingdom always remains a dream place for foreign real estate investors to invest in the real estate sector. People like to invest and government facilities are good for real estate investors. As a mature destination real estate investment is safer rather than high profit and even higher profit includes many taxes in the United Kingdom. Because the government wants returns in different kind of taxes and facilities.In the united kingdom there are different channel or real estate investment trust available for investor guidance and help. Moreover, Real estate agents always help real estate investors on every steps. UK realty has strong communication network or real estate marketing. Real estate marketing works in all forms of media.In modern world websites are important and almost all real estate agents and letting firms use real estate websites for their work. Real estate websites provide proper information about commercial and residential properties. There are different forms of real estate marketing agents use like newsletters, radio, tv, billboards and leaflets etc.

United Kingdom Real Estate in 2019


The United Kingdom is a very mature destination of any kind of property investment. The main places in the UK, Where an investor can invest for high returns are London, Manchester, Birmingham, Edinburgh, Glasgow, Wales and Dublin. The UK is the country where an investor can apply citizenship or longer stay on their investments. In the UK most of the buildings are private houses or properties.There are many commercial real estate and residential properties for sales every year, where an investor can invest in residential homes, flats, shops, restaurants and on large scales many investors can invest in sports and entertainment industries while the expectations of ROI or Per annum (PA) is always high. There is a chance of decrease in term of prices in UK properties after Brexit. In UK commercial real estate market value is £1.66billion.The commercial real estate produces a financial return to its owner, usually in the form of rents. It includes office, retail, industrial, leisure, medical and hotel properties. Although there is a residential real estate work in the UK as well. However, Government focuses on commercial real estate. Even real estate sector is a private mostly still government keeps high interest in this industry because £1 million people are related to this industry and they are professionals and running own business as realtors and contribute 5.4% of the UK’s economy. As this sector has a potential market so the government provides over 50%million square foot new space every year and its worth is 12 billion.(bpf.org)

Real Estate Investment Opportunties in 2019



There are some link help to understand to invest in 2019 in United Kingdom

Hunter Jones


Different projects of hunter Jones offere 10% to 15% annually
https://www.hjinvest.com/investment-opportunities/?gclid=Cj0KCQiAzePjBRCRARIsAGkrSm6sQLqY6vtThPIdWu8VM30zNwrB78i2oydgH8PLOTPoCUBzBoo2oCYaAkgJEALw_wcB

Samuel Leeds


Samuel Leeds is considered to be the UK’s most inspiring property investor and is sought after as a speaker, both at home and abroad
https://www.samuelleeds.com/?gclid=Cj0KCQiAzePjBRCRARIsAGkrSm6RJiBXBA2G2a-OQqqpoA4H–KkeG-YzMkxoRKfSI6lcwCVKrDj4GIaAn7BEALw_wcB

Global Property Guide

Financial Information for Residential Property Buyers

https://www.globalpropertyguide.com/Europe/United-Kingdom

Categories
Industrial engineering

HISTORY OF INDUSTRIAL ENGINEERING – SPECIALIZATION OF LABOR

HISTORY OF INDUSTRIAL ENGINEERING – SPECIALIZATION OF LABOR

The concepts presented by Adam Smith in his treatise The Wealth of Nations also lie at the foundation of what eventually became the theory and practice of industrial engineering. His writings on concepts such as the division of labor and the “invisible hand” of capitalism served to motivate many of the technological innovators of the Industrial Revolution to establish and implement factory systems. Examples of these developments include Arkwright’s implementation of management control systems to regulate production and the output of factory workers, and the well-organized factory that Watt, together with an associate, Matthew Boulton, built to produce steam engines. The efforts of Watt and Boulton and their sons led to the planning and establishment of the first integrated machine manufacturing facility in the world, including the implementation of concepts such as a cost control system designed to decrease waste and improve productivity and the institution of skills training for craftsmen. Many features of life in the twentieth century including widespread employment in large- scale factories, mass production of inexpensive goods, the rise of big business, and the existence of a professional manager class are a direct consequence of the contributions of Smith and Watt.

Another early contributor to concepts that eventually became associated with industrial engineering was Charles Babbage. The findings that he made as a result of visits to factories in England and the United States in the early 1800s were documented in his book entitled On the Economy of Machinery and Manufacturers. The book includes subjects such as the time required for learning a particular task, the effects of subdividing tasks into smaller and less detailed elements, the time and cost savings associated with changing from one task to another, and the advantages to be gained by repetitive tasks. In his classic example on the manufacture of straight pins, Babbage extends the work of Adam Smith on the division of labor by showing that money could be saved by assigning lesser-paid workers (in those days women and children) to lesser-skilled operations and restricting the higher-skilled, higher- paid workers to only those operations requiring higher skill levels. Babbage also discusses notions related to wage payments, issues related to present-day profit sharing plans, and even ideas associated with the organization of labor and labor relations. It is important to note, however, that even though much of Babbage’s work represented a departure from conventional wisdom in the early nineteenth century, he restricted his work to that of observing and did not try to improve the methods of making the product, to reduce the times required, or to set standards of what the times should be.

Categories
Commercial Real Estate Property

Where To Invest My Saving? If I Invest In Residential Property?

Where To Invest My Saving? If I Invest In Residential Property?

https://shezglobalrealty.blogspot.com/2018/12/where-to-invest-my-saving-if-in-invest.html
Residential Property


The Residential Property Investment



When I do think to buy another house, Then my heart feel good wow! One more house. Stop it, If you have your own living and you are planning to buy house to use your money as a real estate investor then stop it.It may be a harmful step for you.You must think that this writer is kidding with me. No I am not kidding.In small picture, its seems nice to invest money to buy houses for rental purposes.Better you deposit your saving in the bank because banks usually return you %to 10%  yearly on your investment. After that, no headache, no tension.However, In residential property its full of problems. Firstly, you have to purchase the house you need to find places. Secondly, you need to do paperwork,realtor paperwork and its charges and documentation work.Thirdly, That you need to find rental people. Finally, Residential property hard to manage for individual or you need some consultant to manage your property then you have property taxes according to council or governmental rules and regulation. If you go in the bigger picture your return on investment (ROI) is around 5% to 7% included taxes and other expenditures.

Residential property is good if you are securing the future of your kids then buy house and rent it for a long time. It helps to maintain your investment for family point of views. There are different sort of residential properties known as housing societies and complex, congested area. Both have different capital value. Residential societies are good in term of the environmental point of view as they are less noisy areas and markets are on distance and prices of houses are much lesser than in the


https://shezglobalrealty.blogspot.com/2018/12/where-to-invest-my-saving-if-in-invest.html
Congested Area
https://shezglobalrealty.blogspot.com/2018/12/where-to-invest-my-saving-if-in-invest.html
Congested Area



How About Investment In Congested Area
 
congested areas.However, such property gives you less rental income than highly populated area.Highly populated area mean, where everything about, you need are close with residence 24/7 services, people, mostly professional usually like to live in such areas. Because for work purpose because here services such as restaurants, hotel, markets, hospitals, local shops and transportation etc. available on time without delay.In such kind of residence people usually find flats, small houses, studio apartments and one bedroom.In this type of areas investment always good for returns. However, Buying property in such it requires heavy investment because property prices are high, rental income is high and prices of property are increased every year. It can be a good investment for your future in term of ROI and give handsome return on selling time.





Categories
Industrial engineering

HISTORY OF INDUSTRIAL ENGINEERING – INTERCHANGEABILITY OF PARTS

HISTORY OF INDUSTRIAL ENGINEERING – INTERCHANGEABILITY OF PARTS

Another key development in the history of industrial engineering was the concept of inter- changeable parts. The feasibility of the concept as a sound industrial practice was proven through the efforts of Eli Whitney and Simeon North in the manufacture of muskets and pistols for the U.S. government. Prior to the innovation of interchangeable parts, the making of a product was carried out in its entirety by an artisan, who fabricated and fitted each required piece. Under Whitney’s system, the individual parts were mass-produced to tolerances tight enough to enable their use in any finished product. The division of labor called for by Adam Smith could now be carried out to an extent never before achievable, with individual workers producing single parts rather than completed products. The result was a significant reduction in the need for specialized skills on the part of the workers a result that eventually led to the industrial environment, which became the object of study of Frederick W. Taylor.

Categories
Commercial Real Estate Property

Analysis of the Property Investment,What Means by Commercial Real Estate Investment in Realty?

Analysis of  the Property Investment,What Means by Commercial Real Estate Investment in Realty?


Everyone likes to become the owner.It does not matter the owner of what like an owner of the car, owner of the business or the owner of the property includes shops, houses, apartments or lands, for farm houses. Why not to be a landlord, you must try to become the part of this adventure. To become the owner of real estate property you need investment savings or financial institution who gives real estate property loans loans for commercial property and loans for residential property. So what you are waiting for just you need research about finding a good real estate property according to your investment amount budgets.

 Hardcore Investment Requires

 Property investment is hardcore investment. Investors with core and solid income like to invest in commercial real estate to commercial projects and residential real estate. In modern world sales and purchase of houses, lands, apartments and shops process have done with the help of realtors. Finding a good realtors in nowadays easy with the help of internet. There are famous real estate brokers work on internet and all around the world in professional ways as most of have professional qualifications. Mostly people see ads on TV, internet and on billboards about home for sales, houses for sales or real estate for sales include shops, flats and lands are the examples of property sales. The famous realtors are new York real estate, Brooklyn real estate, New York city real estate, Sitara Realty its works in this field of real estate business. Investor and who want to invests must need brokers because of many reasons such as paperwork about realty include for rent house, sales and purchases of homes. Moreover, In modern days, realtors are professional and aware about the goods and bad of the property in many ways. As many people who are new in the investment business usually avoid brokers to save 1 or 2 percent commissions. In broader picture realtors knows about finding real estate, they have finding property listing and can short list property for you. 

What Commercial Real Estate Investment means?

Commercial real estate investment means a commercial property includes apartments in shopping centers, shops in mall, hotels, restaurants, cafe, flats or somehow few houses. Commercial property value is always high and required heavy capital. Investors who have a large amount of saving can easily buy such type of property. In real estates, people with long term investment usually interested with commercial real estates.Many reasons to give benefits for buyer, the high prices of property like good rent monthly and value of property continue increase because the growth of the local area. Whereas, for short term investment in commercial real estate do not give benefits as an investor waste his/her time for less profit. There are many financial institutions which gives commercial property loans for buying property.Investors usually avoid this. However, It can be a good option for long term investment prospect and useful for homes in commercial areas an owner can rent homes for software houses and rent house for takeaways. Many big cities people related with restaurants always interested to rent such land for long term. 


What mean by commercial real estate investment in developing realty?

Commercial real estate requires big investment or money. However, Investors with medium or small amount of money can also purchase commercial property in non develop or developing areas. Non develop or developing areas mean where construction is continuous or the process of development is slow. Because the process of development is slow the price level is also low or medium. The good thing about such areas are the modern way of development which give an edge on developed and congested areas.In the long run such investment is also good as the amount of money is much lesser than other properties. As the process of development is slow many firms and project management companies try to sell land with installment plans.Usually such plans are 1 to 3 year plan. Investors with small investment can choose this method and earn the same level of profit with medium level investor in developing areas.However, Underdeveloped or developing societies take 5 to 7 years of development. The return on investment can be 100% plus in such areas. There are many examples of high percentages in South Asian and South East Asian countries, Australia and south American countries also in lists where people invest less and gain a higher profit than their expectations

Categories
Industrial engineering

PIONEERS OF INDUSTRIAL ENGINEERING – TAYLOR AND SCIENTIFIC MANAGEMENT (Part one)

PIONEERS OF INDUSTRIAL ENGINEERING – TAYLOR AND SCIENTIFIC MANAGEMENT (Part one)

While Frederick W. Taylor did not use the term industrial engineering in his work, his writings and talks are generally credited as being the beginning of the discipline. One cannot presume to be well versed in the origins of industrial engineering without reading Taylor’s books: Shop Management and The Principles of Scientific Management. An engineer to the core, he earned a degree in mechanical engineering from Stevens Institute of Technology and developed several inventions for which he received patents. While his engineering accomplishments would have been sufficient to guarantee him a place in history, it was his contributions to management that resulted in a set of principles and concepts considered by Drucker to be “possibly the most powerful as well as lasting contribution America has made to Western thought since the Federalist Papers.”

The core of Taylor’s system consisted of breaking down the production process into its component parts and improving the efficiency of each. Paying little attention to rules of thumb and standard practices, he honed manual tasks to maximum efficiency by examining each component separately and eliminating all false, slow, and useless movements. Mechanical work was accelerated through the use of jigs, fixtures, and other devices many invented by Taylor himself. In essence, Taylor was trying to do for work units what Whitney had done for material units: standardize them and make them interchangeable.

Improvement of work efficiency under the Taylor system was based on the analysis and improvement of work methods, reduction of the time required to carry out the work, and the development of work standards. With an abiding faith in the scientific method, Taylor’s contribution to the development of “time study” was his way of seeking the same level of predictability and precision for manual tasks that he had achieved with his formulas for metal cutting.

Categories
Commercial Real Estate Property

How Real Estate Financial Institutions Helps for Residential Loans and Commercial loans?


How Real Estate Financial Institutions Helps for Residential Loans and Commercial loans?

Real estate investment requires huge amount of initial capital for investing in property industry. Various sources of income can invest in property buying. The concept of financial institutions for property investment is popular in developed countries where as banks, mortgage institution and other financial institutions provide facilities to give capital for investment in property sectors. Institutions provide a percentage amount of interest for a specific period of time. Period of time and interest rate can be fixed or change according to the amount of money in term of deposit. People are aware about the financial institution’s payment plans as institutions advertised for public about their plans of work. However, In underdeveloped and developing societies the concept of financial institutions is new and unpopular because of many reasons such as lack of knowledge, understanding and unawareness of procedures of payments and repayments. 

Commercial banks, merchant banks, insurance companies and mortgage institutions are the main stakeholders in the modern world which provides financial services for real estate investment. Such institutions are helpful for low income or medium earning groups who do not have enough resources to buy homes in near developed areas. Such institutions people residents become a home owner.In this concept the property is the joint entity of the financial institutions and candidates who is willing to buy property  In this process if a person who agreement with institutions can be  house owners after completing the requirements of the institutions. Requirements include the percentage of interest and fixed time period. The rate of interest vary with the prices of houses in modern world like UK, EU, Canada, USA and Australia while in East Asia, south Asia, Africa and south America this concept is new. whereas, The time period or Fixed term can be increase or decrease if an individual can pay more than the interest rate or less than the interest rate. 

In 3rd world such financial institutions unable to get popularity because people do not have saving to achieve the level and what above institutions are offering. Moreover, most of people are lacking in knowledge for property investment in this way and also many financial institutions are unable to make a good campaign to encourage their real estate investment customers

Financial Institution for Loan option is modern world

United Kingdom Investment Properties
 
http://ukinvestment.properties/?utm_campaign=Imperial%20Square&utm_source=ppc&gclid=CjwKCAiAnsnjBRB6EiwATkM1XoZ3I45SKmZhbt_YKxvxiB9VEaiQnCFLzEqAoazPLPM-IXa3I04UFBoC05UQAvD_BwE 

Nucleus Commercial Finance 

https://resources.nucleuscommercialfinance.com/propertyfinance?utm_campaign=Property_Finance&utm_source=ppc&gclid=CjwKCAiAnsnjBRB6EiwATkM1XqV4Ix_qBrFJiRs9fTv7hc2J62vu-2CQf_j2lPuonfRnBPhB5LoDmBoC65oQAvD_BwE 

ArborCrowd a Real Estate

https://www.arborcrowd.com/?utm_source=google&utm_medium=search&utm_content=real_estate_investing&utm_campaign=dec_jan_abc&utm_term=real_estate_investing&gclid=CjwKCAiAnsnjBRB6EiwATkM1Xjr3OIQ3TXOE6CIxcBWOIeUbMqA-kDk0_LOXfVPM-KFMmegQGzjFoRoC93sQAvD_BwE 

Categories
Industrial engineering

PIONEERS OF INDUSTRIAL ENGINEERING – TAYLOR AND SCIENTIFIC MANAGEMENT (Part two)

PIONEERS OF INDUSTRIAL ENGINEERING – TAYLOR AND SCIENTIFIC MANAGEMENT (Part two)

Taylor’s interest in what today we classify as the area of work measurement was also motivated by the information that studies of this nature could supply for planning activities. In this sense, his work laid the foundation for a broader “science of planning”: a science totally empirical in nature but one that he was able to demonstrate could significantly improve productivity. To Taylor, scientific management was a philosophy based not only on the scientific study of work but also on the scientific selection, education, and development of workers.

His classic experiments in shoveling coal, which he initiated at the Bethlehem Steel Corporation in 1898, not only resulted in development of standards and methods for carrying out this task, but also led to the creation of tool and storage rooms as service departments, the development of inventory and ordering systems, the creation of personnel departments for worker selection, the creation of training departments to instruct workers in the standard methods, recognition of the importance of the layout of manufacturing facilities to ensure minimum movement of people and materials, the creation of departments for organizing and planning production, and the development of incentive payment systems to reward those workers able to exceed standard outputs. Any doubt about Taylor’s impact on the birth and development of industrial engineering should be erased by simply correlating the previously described functions with many of the fields of work and topics that continue to play a major role in the practice of the profession and its educational content at the university level.

Categories
Commercial Real Estate Property

Is that Good to refer Financial Institution for Real estate investment?

Is that Good to refer Financial Institution for Real estate investment?


Well its hard to say either financial institutions good or harm for mortgages and loans. Basically depends of the rules and regulars officially what an institution is offering you. if it’s understandable with an individual’s current financial condition and has enough ability to free hold the property with the specific time period than the individual can go through. whereas, if an individual unable to manage for the period of 10,15 or 25 years,better keep away. Moreover, Some mortgage companies  give simple plan according to the situation of candidates. Companies usually analysis of a person on the basis of saving, current income and expenditure of the person at overall. Moreover, Some mortgage companies give simple plan according to the situation of candidates. Companies usual analysis of a person on the basis of saving, current income and expenditure of the person at overall. 


Individual need to to analysis Himself/herself before applying for loans with different financial institutions.As there is are competition among companies to get more and more customers so an individual must aware about companies policies in term of offer loans. In modern societies or countries real estate industry and financial institutions link and work together. The best example to understand this concept is; if the mortgage rates or loan’s interest is high then real estate industry decrease the prices of houses.On the other hand, when mortgage rates down the prices of houses are increasing.So people need to understand this system, better if you keep saving income and when property value start decrease and you can jump in by paying big initial deposit. Big deposit helps you to draw the amount of interest rate and period of term as well. People need to contact financial institutions when you need to own a house for personal use rate than commercial use. Financial institutions are more suited to fulfill personal needs rather than adventures. Moreover, If an individual like to advantage and take risks in the real estate industry.He/she needs a big heart to face ups and downs with the passage of time and its very important to understand the economic situation of the country or city where interested to invest in the real estate industry.