Cost of 1 Tool given Machining Cost for Maximum Power Calculator

✖Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations.ⓘ Tool Life [T]			+10% -10%
✖Machining and operating cost of each product refers to the total expenses incurred in the manufacturing process for producing individual metal components or products.ⓘ Machining and Operating Cost of Each Product [C_m]			+10% -10%
✖Machining time for maximum cost refers to the duration it takes to complete a specific machining operation or process on a workpiece.ⓘ Machining Time for Maximum Cost [t_max]			+10% -10%
✖Machining and operating rate refers to the speed or efficiency at which machining operations are conducted and machinery is utilized within a manufacturing facility.ⓘ Machining and Operating Rate [M]			+10% -10%
✖Time proportion is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece.ⓘ Time Proportion [Q]			+10% -10%
✖Time to change one tool refers to the duration required to replace a worn-out or damaged cutting tool with a new one during the machining process.ⓘ Time to Change One Tool [t_c]			+10% -10%

✖Cost of one tool refers to the monetary value associated with acquiring, using, and maintaining a cutting tool for machining operations.ⓘ Cost of 1 Tool given Machining Cost for Maximum Power [C]

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Cost of 1 Tool given Machining Cost for Maximum Power Solution

STEP 0: Pre-Calculation Summary

Formula Used

Cost of One Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time for Maximum Cost)-Machining and Operating Rate)/Time Proportion)-(Machining and Operating Rate*Time to Change One Tool)
C = (T*((C_m/t_max)-M)/Q)-(M*t_c)
This formula uses 7 Variables

Variables Used

Cost of One Tool - Cost of one tool refers to the monetary value associated with acquiring, using, and maintaining a cutting tool for machining operations.
Tool Life - (Measured in Second) - Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations.
Machining and Operating Cost of Each Product - Machining and operating cost of each product refers to the total expenses incurred in the manufacturing process for producing individual metal components or products.
Machining Time for Maximum Cost - (Measured in Second) - Machining time for maximum cost refers to the duration it takes to complete a specific machining operation or process on a workpiece.
Machining and Operating Rate - Machining and operating rate refers to the speed or efficiency at which machining operations are conducted and machinery is utilized within a manufacturing facility.
Time Proportion - Time proportion is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece.
Time to Change One Tool - (Measured in Second) - Time to change one tool refers to the duration required to replace a worn-out or damaged cutting tool with a new one during the machining process.

STEP 1: Convert Input(s) to Base Unit

Tool Life: 66.9136 Second --> 66.9136 Second No Conversion Required
Machining and Operating Cost of Each Product: 25 --> No Conversion Required
Machining Time for Maximum Cost: 30 Second --> 30 Second No Conversion Required
Machining and Operating Rate: 0.083 --> No Conversion Required
Time Proportion: 0.5 --> No Conversion Required
Time to Change One Tool: 5 Second --> 5 Second No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C = (T*((C_m/t_max)-M)/Q)-(M*t_c) --> (66.9136*((25/30)-0.083)/0.5)-(0.083*5)

Evaluating ... ...

C = 100.000009066667

STEP 3: Convert Result to Output's Unit

100.000009066667 --> No Conversion Required

FINAL ANSWER

100.000009066667 ≈ 100 <-- Cost of One Tool

(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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< Maximum Power cost Calculators

Machining Cost per component for Maximum Power when Cutting Speed is limited by Taylor's Exponent

LaTeX Go Machining and Operating Cost of Each Product = ((((Machining Time for Minimum Cost/Machining Time for Maximum Cost)^(1/Taylor's Tool Life Exponent))*Taylor's Tool Life Exponent/(1-Taylor's Tool Life Exponent))+1)*Machining Time for Maximum Cost*Machining and Operating Rate

Cost of 1 Tool given Machining Cost for Maximum Power

LaTeX Go Cost of One Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time for Maximum Cost)-Machining and Operating Rate)/Time Proportion)-(Machining and Operating Rate*Time to Change One Tool)

Machining Cost per component under Maximum Power Condition

LaTeX Go Machining and Operating Cost of Each Product = Machining Time for Maximum Cost*(Machining and Operating Rate+(Time Proportion*(Machining and Operating Rate*Time to Change One Tool+Cost of One Tool)/Tool Life))

Cost of Machine tool given initial weight of workpiece

LaTeX Go Cost of One Tool = Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f)

Cost of 1 Tool given Machining Cost for Maximum Power Formula

LaTeX Go

Components of the Cost of One Tool

1) Initial Purchase Cost: The upfront expense paid to buy the tool. This includes the base price and any associated taxes or shipping fees.
2) Installation and Setup Costs: Costs associated with setting up the tool for use, which may include calibration, mounting, and initial trial runs to ensure it operates correctly.
3) Tool Maintenance and Upkeep: Regular maintenance expenses to keep the tool in optimal working condition. This includes costs for sharpening, lubricating, and minor repairs.
4) Tool Life: The expected operational lifespan of the tool before it needs replacement. This is typically measured in hours of usage or number of parts produced.
5) Depreciation or Amortization: The allocation of the tool’s purchase cost over its useful life. This is particularly important for more expensive tools, where spreading the cost over several years can provide a more accurate reflection of the tool’s expense over time.

How to Calculate Cost of 1 Tool given Machining Cost for Maximum Power?

Cost of 1 Tool given Machining Cost for Maximum Power calculator uses Cost of One Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time for Maximum Cost)-Machining and Operating Rate)/Time Proportion)-(Machining and Operating Rate*Time to Change One Tool) to calculate the Cost of One Tool, Cost of 1 Tool given Machining Cost for Maximum Power refers to the total expense incurred to acquire, maintain, and eventually replace a single machining tool. This cost is crucial in determining the overall operational costs and setting appropriate pricing for machining services. Cost of One Tool is denoted by C symbol.

How to calculate Cost of 1 Tool given Machining Cost for Maximum Power using this online calculator? To use this online calculator for Cost of 1 Tool given Machining Cost for Maximum Power, enter Tool Life (T), Machining and Operating Cost of Each Product (C_m), Machining Time for Maximum Cost (t_max), Machining and Operating Rate (M), Time Proportion (Q) & Time to Change One Tool (t_c) and hit the calculate button. Here is how the Cost of 1 Tool given Machining Cost for Maximum Power calculation can be explained with given input values -> 33.05667 = (66.9136*((25/30)-0.083)/0.5)-(0.083*5).

FAQ

What is Cost of 1 Tool given Machining Cost for Maximum Power?

Cost of 1 Tool given Machining Cost for Maximum Power refers to the total expense incurred to acquire, maintain, and eventually replace a single machining tool. This cost is crucial in determining the overall operational costs and setting appropriate pricing for machining services and is represented as C = (T*((C_m/t_max)-M)/Q)-(M*t_c) or Cost of One Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time for Maximum Cost)-Machining and Operating Rate)/Time Proportion)-(Machining and Operating Rate*Time to Change One Tool). Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations, Machining and operating cost of each product refers to the total expenses incurred in the manufacturing process for producing individual metal components or products, Machining time for maximum cost refers to the duration it takes to complete a specific machining operation or process on a workpiece, Machining and operating rate refers to the speed or efficiency at which machining operations are conducted and machinery is utilized within a manufacturing facility, Time proportion is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece & Time to change one tool refers to the duration required to replace a worn-out or damaged cutting tool with a new one during the machining process.

How to calculate Cost of 1 Tool given Machining Cost for Maximum Power?

Cost of 1 Tool given Machining Cost for Maximum Power refers to the total expense incurred to acquire, maintain, and eventually replace a single machining tool. This cost is crucial in determining the overall operational costs and setting appropriate pricing for machining services is calculated using Cost of One Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time for Maximum Cost)-Machining and Operating Rate)/Time Proportion)-(Machining and Operating Rate*Time to Change One Tool). To calculate Cost of 1 Tool given Machining Cost for Maximum Power, you need Tool Life (T), Machining and Operating Cost of Each Product (C_m), Machining Time for Maximum Cost (t_max), Machining and Operating Rate (M), Time Proportion (Q) & Time to Change One Tool (t_c). With our tool, you need to enter the respective value for Tool Life, Machining and Operating Cost of Each Product, Machining Time for Maximum Cost, Machining and Operating Rate, Time Proportion & Time to Change One Tool and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Cost of One Tool?

In this formula, Cost of One Tool uses Tool Life, Machining and Operating Cost of Each Product, Machining Time for Maximum Cost, Machining and Operating Rate, Time Proportion & Time to Change One Tool. We can use 1 other way(s) to calculate the same, which is/are as follows -

Cost of One Tool = Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f)

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