Cost of Re-grindable Tool given Estimated Tool Costs Calculator

✖Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.ⓘ Tool Cost [TC]			+10% -10%
✖Cost of Grinding is the amount spent on grinding of a given tool.ⓘ Cost of Grinding [C_g]			+10% -10%
✖Average Number of Regrinds Possible is the number of times a tool is supposed to be grindable to give a sharp edge.ⓘ Average Number of Regrinds Possible [N_g]			+10% -10%

✖The Cost of A Tool is simply the cost of one tool being used for machining.ⓘ Cost of Re-grindable Tool given Estimated Tool Costs [C_t]

⎘ Copy

👎

Formula

LaTeX

Reset

👍

Download Production Engineering Formula PDF PDF Image

Cost of Re-grindable Tool given Estimated Tool Costs Solution

STEP 0: Pre-Calculation Summary

Formula Used

Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible
C_t = (TC-C_g)*N_g
This formula uses 4 Variables

Variables Used

Cost of A Tool - The Cost of A Tool is simply the cost of one tool being used for machining.
Tool Cost - Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.
Cost of Grinding - Cost of Grinding is the amount spent on grinding of a given tool.
Average Number of Regrinds Possible - Average Number of Regrinds Possible is the number of times a tool is supposed to be grindable to give a sharp edge.

STEP 1: Convert Input(s) to Base Unit

Tool Cost: 200 --> No Conversion Required
Cost of Grinding: 180 --> No Conversion Required
Average Number of Regrinds Possible: 4 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_t = (TC-C_g)*N_g --> (200-180)*4

Evaluating ... ...

C_t = 80

STEP 3: Convert Result to Output's Unit

80 --> No Conversion Required

FINAL ANSWER

80 <-- Cost of A Tool

(Calculation completed in 00.004 seconds)

You are here -

Home » Engineering » Production Engineering » Metal Machining » Metal Machining Economics » Estimation for Optimal Conditions » Estimation Cost » Cost of Re-grindable Tool given Estimated Tool Costs

Credits

Created by Kumar Siddhant

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

Kumar Siddhant has created this Calculator and 400+ more calculators!

Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

Parul Keshav has verified this Calculator and 400+ more calculators!

< Estimation Cost Calculators

Operator's Overhead Percentage given Machining and Operating Rate

LaTeX Go Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100

Machine Overhead Percentage given Machining and Operating Rate

LaTeX Go Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100

Operator's Wage Rate given Machining and Operating Rate

LaTeX Go Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage)

Machining and Operating Rate

LaTeX Go Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100)

Cost of Re-grindable Tool given Estimated Tool Costs Formula

LaTeX Go

Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible
C_t = (TC-C_g)*N_g

Tool Costs for Re-sharpening

The Tool Costs for Re-sharpening is generated on the processes that basically include changing or re-sharpening the tool. These do not result in any productivity or profit whatsoever. But as the time is consumed by the operator to perform these tasks, when paid by the hour, the operators cost plants this time too.

How to Calculate Cost of Re-grindable Tool given Estimated Tool Costs?

Cost of Re-grindable Tool given Estimated Tool Costs calculator uses Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible to calculate the Cost of A Tool, The Cost of Re-grindable Tool given Estimated Tool Costs is a method to determine the maximum amount that can be spent to purchase a re-grindable tool when there is a limit on the amount spent on Tool Costs. Cost of A Tool is denoted by C_t symbol.

How to calculate Cost of Re-grindable Tool given Estimated Tool Costs using this online calculator? To use this online calculator for Cost of Re-grindable Tool given Estimated Tool Costs, enter Tool Cost (TC), Cost of Grinding (C_g) & Average Number of Regrinds Possible (N_g) and hit the calculate button. Here is how the Cost of Re-grindable Tool given Estimated Tool Costs calculation can be explained with given input values -> 80 = (200-180)*4.

FAQ

What is Cost of Re-grindable Tool given Estimated Tool Costs?

The Cost of Re-grindable Tool given Estimated Tool Costs is a method to determine the maximum amount that can be spent to purchase a re-grindable tool when there is a limit on the amount spent on Tool Costs and is represented as C_t = (TC-C_g)*N_g or Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible. Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools, Cost of Grinding is the amount spent on grinding of a given tool & Average Number of Regrinds Possible is the number of times a tool is supposed to be grindable to give a sharp edge.

How to calculate Cost of Re-grindable Tool given Estimated Tool Costs?

The Cost of Re-grindable Tool given Estimated Tool Costs is a method to determine the maximum amount that can be spent to purchase a re-grindable tool when there is a limit on the amount spent on Tool Costs is calculated using Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible. To calculate Cost of Re-grindable Tool given Estimated Tool Costs, you need Tool Cost (TC), Cost of Grinding (C_g) & Average Number of Regrinds Possible (N_g). With our tool, you need to enter the respective value for Tool Cost, Cost of Grinding & Average Number of Regrinds Possible and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

Home

FREE PDFs

🔍 Search