Batch Size given Total Production Cost Calculator

✖Total Production Cost involves summing up various cost components associated with the machining process.ⓘ Total Production Cost [C_tp]			+10% -10%
✖Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.ⓘ Production Cost of Each Component [C_p]			+10% -10%

✖Batch size refers to the number of identical parts produced in a single production run or cycle.ⓘ Batch Size given Total Production Cost [N]

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Batch Size given Total Production Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Batch Size = Total Production Cost/Production Cost of Each Component
N = C_tp/C_p
This formula uses 3 Variables

Variables Used

Batch Size - Batch size refers to the number of identical parts produced in a single production run or cycle.
Total Production Cost - Total Production Cost involves summing up various cost components associated with the machining process.
Production Cost of Each Component - Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.

STEP 1: Convert Input(s) to Base Unit

Total Production Cost: 30000 --> No Conversion Required
Production Cost of Each Component: 15000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

N = C_tp/C_p --> 30000/15000

Evaluating ... ...

N = 2

STEP 3: Convert Result to Output's Unit

2 --> No Conversion Required

FINAL ANSWER

2 <-- Batch Size

(Calculation completed in 00.004 seconds)

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Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

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Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

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< Total Production Cost Calculators

Non-Productive Cost of Each Component given Total Production Cost

LaTeX Go Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of a Tool*Machining Time+Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool))

Total Production Cost

LaTeX Go Total Production Cost = Batch Size*(Cost of a Tool*(Setup Time+Machining Time))+Number of Tools Used*(Cost of a Tool*Time to Change One Tool+Cost of a Tool)

Total Non-Productive Cost given Total Production Cost

LaTeX Go Total Non Productive Cost = Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used)

Total Production Cost for given Batch Size

LaTeX Go Total Production Cost = Batch Size*Production Cost of Each Component

Batch Size given Total Production Cost Formula

LaTeX Go

Batch Size = Total Production Cost/Production Cost of Each Component
N = C_tp/C_p

Importance of Batch Size

1) Cost Efficiency: Larger batch sizes can reduce the average cost per component by spreading fixed costs (e.g., setup costs) over a larger number of units. 2) Production Efficiency: Optimizing batch size can improve machine utilization and reduce downtime. 3)Inventory Management: Helps in planning the inventory levels needed for raw materials and finished goods. 4)Scheduling: Affects the production schedule and delivery timelines.

How to Calculate Batch Size given Total Production Cost?

Batch Size given Total Production Cost calculator uses Batch Size = Total Production Cost/Production Cost of Each Component to calculate the Batch Size, The Batch Size given Total Production Cost refers to the total number of components produced in a single production run or set. It is an important factor in manufacturing as it impacts production efficiency, costs, and scheduling. Batch Size is denoted by N symbol.

How to calculate Batch Size given Total Production Cost using this online calculator? To use this online calculator for Batch Size given Total Production Cost, enter Total Production Cost (C_tp) & Production Cost of Each Component (C_p) and hit the calculate button. Here is how the Batch Size given Total Production Cost calculation can be explained with given input values -> 2.619933 = 30000/15000.

FAQ

What is Batch Size given Total Production Cost?

The Batch Size given Total Production Cost refers to the total number of components produced in a single production run or set. It is an important factor in manufacturing as it impacts production efficiency, costs, and scheduling and is represented as N = C_tp/C_p or Batch Size = Total Production Cost/Production Cost of Each Component. Total Production Cost involves summing up various cost components associated with the machining process & Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.

How to calculate Batch Size given Total Production Cost?

The Batch Size given Total Production Cost refers to the total number of components produced in a single production run or set. It is an important factor in manufacturing as it impacts production efficiency, costs, and scheduling is calculated using Batch Size = Total Production Cost/Production Cost of Each Component. To calculate Batch Size given Total Production Cost, you need Total Production Cost (C_tp) & Production Cost of Each Component (C_p). With our tool, you need to enter the respective value for Total Production Cost & Production Cost of Each Component and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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