How to Calculate Cost to change One Tool given Tool Life?
Cost to change One Tool given Tool Life calculator uses Cost of Changing Each Tool = Cost of A Tool*(Tool Life*Taylor's Tool Life Exponent/(1-Taylor's Tool Life Exponent))-Cost of A Tool to calculate the Cost of Changing Each Tool, Cost to change One Tool given Tool Life is a method to determine the cost that arises due to the time taken by the operator in changing one Cutting Tool when he is paid by the hour maintaining conditions to Minimize the Total Production Cost. Cost of Changing Each Tool is denoted by Cct symbol.
How to calculate Cost to change One Tool given Tool Life using this online calculator? To use this online calculator for Cost to change One Tool given Tool Life, enter Cost of A Tool (Ct), Tool Life (T) & Taylor's Tool Life Exponent (n) and hit the calculate button. Here is how the Cost to change One Tool given Tool Life calculation can be explained with given input values -> 9.81703 = 48*(1.0227*0.540818/(1-0.540818))-48.