How to Calculate Cost of One Tool for Minimum Production Cost given Tool Changing Cost?
Cost of One Tool for Minimum Production Cost given Tool Changing Cost calculator uses Cost of A Tool = Machining And Operating Rate*Time to Change One Tool*((2*Taylor's Tool Life Exponent-1)/(1-Taylor's Tool Life Exponent)) to calculate the Cost of A Tool, The Cost of One Tool for Minimum Production Cost given Tool Changing Cost is a method to determine the maximum amount available to be spent on renewing the Machining Tool, such that the Total Production Cost is Minimum in reference to the Tool Life of the Tool. Cost of A Tool is denoted by Ct symbol.
How to calculate Cost of One Tool for Minimum Production Cost given Tool Changing Cost using this online calculator? To use this online calculator for Cost of One Tool for Minimum Production Cost given Tool Changing Cost, enter Machining And Operating Rate (M), Time to Change One Tool (tc) & Taylor's Tool Life Exponent (n) and hit the calculate button. Here is how the Cost of One Tool for Minimum Production Cost given Tool Changing Cost calculation can be explained with given input values -> 4.800214 = 5*54*((2*0.540818-1)/(1-0.540818)).