22.21 Explain the economic impact of the trend shown in Fig. 22.6. 100Carbon steel26High-speed steelCast cobalt-based alloys15Cemented carbidesImproved carbide gradesFirst coated grades31.510.70.5First double-coated gradesFirst triple-coated gradesFunctionally graded triple-coatedOptimižed materialcombinations1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010FIGURE 22.6 Relative time required to machine with various cutting-tool marerials, indi-cating the year the tool materials were first introduced; note that machining time has beenreduced by two orders of magnitude within a 100 years. Source: Courtesy of Sandvik.Machining time (min)

The conspicuous economic effect can be derived when additionally thinking about the axiom "time is…

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Explain the economic impact of the trend shown in Fig. 22.6

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

22.21 Explain the economic impact of the trend shown in
Fig. 22.6.

100
Carbon steel
26
High-speed steel
Cast cobalt-based alloys
15
Cemented carbides
Improved carbide grades
First coated grades
3
1.5
1
0.7
0.5
First double-coated grades
First triple-coated grades
Functionally graded triple-coated
Optimižed material
combinations
1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010
FIGURE 22.6 Relative time required to machine with various cutting-tool marerials, indi-
cating the year the tool materials were first introduced; note that machining time has been
reduced by two orders of magnitude within a 100 years. Source: Courtesy of Sandvik.
Machining time (min)

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