referring to fig1 , a turbine or compressor wheel 2 may be forged from a starting workpiece . according to current forging processes , the starting workpiece 4 comprises approximately 30 % more material than a starting workpiece 6 according to an embodiment of the invention . referring to fig2 and 3 , the first stage preforming may be performed with a closed flat bottom die 14 and a closed top incremental split die 16 . the closed top incremental split die 16 includes a closed top die first segment 18 , second segment 20 , third segment 22 , fourth segment 24 , and a fifth segment 26 . it should be appreciated , however , that the closed top incremental split die may be formed of any number of segments . a stop 40 is provided after the closed top die fifth segment 26 to close the die . as shown in fig2 , the workpiece 6 is initially contacted by the first segment 18 and the second segment 20 . the first segment 18 is incrementally advanced as shown in fig3 . the first stage preforming shown in fig4 and 5 is done at a high strain rate such as to minimize die chilling to avoid intermediate reheats of the workpiece 6 . the closed top die second segment 20 is then incrementally advanced , as shown in fig4 . the process details may be designed to eliminate the requirement for an intermediate reheat of the workpiece 6 . referring to fig5 and 6 , in a third stage of the preforming using the flat bottom die 14 and the top incremental split die 16 , the third segment 22 is advanced to contact the workpiece 6 . the third stage preforming process shown in fig5 and 6 is done at a high strain rate so as to minimize die chilling and avoid intermediate reheat processing of the workpiece 6 . as shown in fig7 and 8 , the fourth stage preforming using the flat bottom die 14 and the top incremental split die 16 is shown . the fourth segment 24 is advanced to contact the workpiece 6 as shown in fig7 and 8 . as shown in fig2 - 8 , the four preforming stages include incremental advancements of the first segment 18 , the second segment 20 , the third segment 22 , and the fourth segment 24 of the closed top incremental split die 16 against the flat bottom die 14 . the four preforming stages are carried out at high strain rates to eliminate the intermediate heat treatment of the workpiece 6 . as shown in fig9 and 10 , in a fifth stage of the preforming of the workpiece 6 , the stationary flat bottom die 14 is replaced by a closed bottom incremental split die 28 . the closed bottom incremental split die 28 includes a closed bottom die first segment 30 , a second segment 32 , a third segment 34 , a fourth segment 36 , and a fifth segment 38 . the stop 40 is provided after the closed top incremental split die fifth segment 26 and the closed bottom die fifth segment 38 to provide a closed die . as shown in fig9 and 10 , the segments 18 , 20 , 22 , 24 , 26 of the closed top split die 16 remain stationary and the segments 30 , 32 , 34 , 36 , 38 of the closed bottom incremental split die 28 are advanced to further shape the workpiece 6 . as shown in fig1 , the second segment 32 of the bottom die 28 is incrementally advanced . a heat treatment may be done on the workpiece 6 after the fifth stage preforming to bring the workpiece 6 back to temperature . in the sixth stage preforming , shown in fig1 , the fourth segment 36 of the closed bottom incremental split die 28 is advanced . the sixth stage preforming is done at a very slow strain rate to minimize the load requirements . as shown in fig2 - 11 , the incremental forging of the compressor and / or turbine wheels may be performed in six preforming stages . the process shown in fig2 - 11 may be implemented across all of the frames and stages of the compressor and / or turbine . as the rotors have a significant length in the plan view area , the multistage and multi - preforming forging schedule shown in fig2 - 11 may be employed . in the first four preforming stages , the material of the workpiece 6 first flows primarily in the plan view direction using the bottom flat stationary die 14 and the top incremental split die 16 at high strain rates . the incremental forging is then completed in the fifth and sixth preforming stages using the bottom incremental split die 28 and the top incremental split die 16 at slower strain rates . the top and bottom incremental split dies may be designed so that they are modular . for example , the bore - web sections are similar for stages 2 - 16 of compressor wheels , rim - web sections are similar between stages 10 - 16 and stages 2 - 5 . variable rim - web sections for stages 6 - 9 can be represented by minimum web geometry . this permits the same basic die set to be used for various stages of wheels with minimum modifications without having the need to invest in a new die set for each stage of compressor / turbine wheels . the split die design enables a modular die design across various stages of gt wheels . as the dies are at a lower temperature compared to the workpiece , having a thin plate made of a low thermal conductivity material at the interface between the dies and the workpiece is beneficial . this is more beneficial at the last stages of forging which are done at lower strain rates . this is desirable because die - chilling effect at the last stage could be high ( due to the lower strain rates ) leading to higher heat loss in the workpiece . thus , having a thin lower conductivity material plate helps to reduce die chilling and thereby reduce the load requirements substantially . fig1 schematically depicts a turbine spacer wheel 42 which may be forged to near net shape according to an embodiment of the invention . a billet having an initial diameter may be extruded in a die and mandrel arrangement with a container . the billet is forced through a mandrel and a punch and is shaped by an outer die including a container . the geometry of the starting workpiece for the turbine spacer wheel may be a ring - shaped hollow profile . such a workpiece reduces the load requirements of the incremental forging process . to achieve the ring - shaped profile , the mandrel extrusion process described above may be used . the use of mandrel extrusion for forming the workpiece starting geometry also permits subsequent drilling of the solid workpiece at the end of forging . at the end of the extrusion process , a portion of the billet between the mandrel and the outer die and punch may be machined off to form the starting workpiece . the starting workpiece may be then used for the subsequent forging steps previously described . referring to fig1 , the turbine spacer wheel 42 may be forged by the closed top incremental split die 16 and the closed bottom incremental split die 28 . a shrink ring 52 may be shrink fitted onto the stop 40 . the first segments 18 , 30 are incrementally advanced toward one another . the second segments 20 , 32 are then incrementally advanced toward one another . after incremental advancement of the first segments 18 , 30 , a reheat may be performed on the workpiece 6 to raise the temperature of the workpiece . in the third and fourth preforming stages , the third die segments 22 , 34 are incrementally advanced towards one another and the fourth die segments 24 , 36 are incrementally advanced toward one another . the forging of the turbine spacer wheel as described requires only one reheat cycle in the incremental forging process which may be performed after the incremental advancement of the first segments 18 , 30 . die stress analysis may be carried out after the forging process to estimate the die life . the maximum forces and stresses from the forged spacer wheel may be mapped onto the individual dies . during the forging of the turbine spacer wheel , the stop 40 , which is used to control the flow of the workpiece 6 , was subjected to high bursting stresses . it was also observed that a region 56 in each of the second segments 20 , 32 was subjected to a very high tensile stress . the region is near the a fillet at the top region of the second segments 20 , 32 . the remainder of the second segments 20 , 32 , for example 95 %, were in a safe compressive stress zone . the forging process for forming the turbine spacer wheel may also be performed using the shrink ring 51 in place of the stop 40 . in that case , the fillet region of the second segments 20 , 32 were subject to less tensile stress than in the forging process using only the stop 40 . as the remainder , e . g ., 95 % of the die regions remain in a state of compressive stress , the life of the dies is improved . the closed die forging processes described above have been developed to permit the load requirements to be within the existing press requirement of 6 kton . the closed die forging processes described herein thus may be used with existing presses , which may have a capacity of 7 kton . as there are currently no available closed die forgers for crmov and nicrmov compressor and turbine wheels , the use of the closed die forging processes described herein will allow use of existing forgers and provide better material properties and fracture appearance transition temperature ( fatt ) values . it should be appreciated , however , that other alloys may be used . the closed die forging processes described herein also eliminate much of the required subsequent machining after the forging and thus provide a material savings of approximately 30 %. the use of the stop for restricting the material flow at the exit end of the dies permits the compressor and / or turbine wheels to be manufactured with a very high shaped difficultly factor . in addition , the use of die stress analysis to design and optimize the stop provides for a suitable shrink ring which increases the life of the stop . the use of the incremental split dies described herein also permits the use of a modular die design across all of the stages of the compressor and / or turbine wheels . this permits the same setup of dies to be extended across all of the stages without the need for providing a new die set for each stage . this permits the same basic modular die set to be used for all of the stages and frames of the compressor and turbine wheels . closed die forgings are carried out both in open air and under protective atmosphere . the closed die forging processes described herein permits the forging and heat treatment processes to be performed in air due to the die and / or workpiece geometry . this permits the use of less expensive die materials . the preform shapes at the intermediate stages are also chosen such that the flow of the material of the workpiece 6 is primarily in one direction . the advantages of an open die configuration are thus available within the closed die described herein . this allows a lowering of the press requirements for use of a closed die . the strain rates may also be chosen such that cooling of the workpiece is minimal . the strain rates may also be chosen so as not to increase the press requirements . the geometry of the starting workpiece for the compressor and turbine wheels does not cover the entire plan view area of the dies . this permits the advantages of open die geometry to be obtained using a closed die . the closed die forging processes described herein may thus be thought of as a form of hybrid forging . the geometry of the starting workpiece of the turbine spacer wheel may be a ring - shaped hollow profile . the geometry of the starting workpiece may be obtained by extrusion with a mandrel and container as described herein . the use of the hollow billet for forming the starting workpiece has at least two advantages , including , but not limited to , reducing the input material tonnage and eliminating subsequent machining . the use of the hollow billet to form the starting workpiece also reduces the load requirement during the near net shape forging . although the embodiments have been described in the context of forging compressor and turbine wheels and turbine spacer wheels , it should be appreciated that the process described herein may be used to forge other components , for example steam turbine rotors . while the invention has been described in connection with what is presently considered to be the most practical and preferred embodiment , it is to be understood that the invention is not to be limited to the disclosed embodiment , but on the contrary , is intended to cover various modifications and equivalent arrangements included within the spirit and scope of the appended claims .