Volume 1 , Issue 1 Page 9
Engineering Reliability and Maintenance
Reliability is theoretically defined as the probability of failure , the frequency of failures , or in terms of availability . Reliability plays a key role in cost-effectiveness of systems . Maintenance is applying engineering concepts to the optimization of equipment , procedures , and departmental budgets to achieve better maintainability , reliability , and availability of equipment .
Management Information Systems
Management information system ( MIS ) provides information that organizations require to manage themselves efficiently and effectively . It refers to the study of how individuals , groups , and organizations evaluate , design , implement , manage , and utilize systems to generate information to improve efficiency and effectiveness of decision making
CAD / CAM
Acronym for computer-aided design / computer-aided manufacturing , computer systems used to design and manufacture products . The term CAD / CAM implies that an engineer can use the system both for designing a product and for controlling manufacturing processes . For example , once a design has been produced with the CAD component , the design itself can control the machines that construct the part .
Total Quality Management
TQM is based on the premise that the quality of products and processes is the responsibility of everyone involved with the creation or consumption of the products or services which are offered by an organization , requiring the involvement of management , workforce , suppliers , and customers , to meet or exceed customer expectations .
Operations Research
OR is a discipline that deals with the application of advanced analytical methods to help make better decisions . It is often considered to be a sub-field of mathematics . Operations Research is often concerned with determining the maximum ( of profit , performance , or yield ) or minimum ( of loss , risk , or cost ) of some realworld objective .