Abstract
Factors affecting the economics of component production are described and particular reference is made to processing methods in relationship to costs. The design of components for production as sinterings is discussed, with emphasis on the establishment of practicable working tolerances and metallurgical specifications. Attention is drawn to the penalties of over-design and typical cases are quoted.
The differences in approach to economic factors between “custom” and “in-plant” fabricators, and between large-scale and small-scale producers are explained, with examples. An examination is made of the particular problems associated with the production of small-batch quantities.
Current practices in the U.S.A. are described, and explanations given of the factors affecting them, particularly mass-market conditions, built-in obsolescence, and high direct costs. European practices are considered as a whole and instances cited where particular countries show trends away from the established pattern. The changing situation brought about by tariff structures, and the influence of Common Market policies, are shown to be beneficial to the European industry. The United Kingdom is held to be in a privileged and highly competitive position within Europe, and the effect of integration of the best of American and European techniques is discussed.
Future trends in the industry are evaluated in the light of present circumstances and the economic outlook is considered to he favourable for the well-equipped and technically competent organization.
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