Estimated Tool Costs for Disposable-Insert Tool Calculator

✖Cost of Insert is the amount spent on inserting a tool in its specified holder.ⓘ Cost of Insert [C_i]			+10% -10%
✖Average Number of Cutting Edges Used Per Insert is the supposed count of cutting edges that engaged during insertion into the holder.ⓘ Average Number of Cutting Edges Used Per Insert [CE_avg]			+10% -10%
✖Cost of The Holder is the amount required to get a new holder for a tool.ⓘ Cost of The Holder [C_h]			+10% -10%
✖Cutting Edges used during Life of Holder is the total number of Cutting Edges engaged with the holder until it wears off beyond use.ⓘ Cutting Edges Used During Life of Holder [CE_hl]			+10% -10%

✖Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.ⓘ Estimated Tool Costs for Disposable-Insert Tool [TC]

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Estimated Tool Costs for Disposable-Insert Tool Solution

STEP 0: Pre-Calculation Summary

Formula Used

Tool Cost = (Cost of Insert/Average Number of Cutting Edges Used Per Insert)+(Cost of The Holder/Cutting Edges Used During Life of Holder)
TC = (C_i/CE_avg)+(C_h/CE_hl)
This formula uses 5 Variables

Variables Used

Tool Cost - Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.
Cost of Insert - Cost of Insert is the amount spent on inserting a tool in its specified holder.
Average Number of Cutting Edges Used Per Insert - Average Number of Cutting Edges Used Per Insert is the supposed count of cutting edges that engaged during insertion into the holder.
Cost of The Holder - Cost of The Holder is the amount required to get a new holder for a tool.
Cutting Edges Used During Life of Holder - Cutting Edges used during Life of Holder is the total number of Cutting Edges engaged with the holder until it wears off beyond use.

STEP 1: Convert Input(s) to Base Unit

Cost of Insert: 900 --> No Conversion Required
Average Number of Cutting Edges Used Per Insert: 8.272727 --> No Conversion Required
Cost of The Holder: 2000 --> No Conversion Required
Cutting Edges Used During Life of Holder: 21.92771 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

TC = (C_i/CE_avg)+(C_h/CE_hl) --> (900/8.272727)+(2000/21.92771)

Evaluating ... ...

TC = 200.000007094554

STEP 3: Convert Result to Output's Unit

200.000007094554 --> No Conversion Required

FINAL ANSWER

200.000007094554 ≈ 200 <-- Tool Cost

(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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National Institute of Technology (NIT), Srinagar

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Estimated Tool Costs for Disposable-Insert Tool Formula

LaTeX Go

Tool Cost = (Cost of Insert/Average Number of Cutting Edges Used Per Insert)+(Cost of The Holder/Cutting Edges Used During Life of Holder)
TC = (C_i/CE_avg)+(C_h/CE_hl)

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 Estimated Tool Costs for Disposable-Insert Tool?

Estimated Tool Costs for Disposable-Insert Tool calculator uses Tool Cost = (Cost of Insert/Average Number of Cutting Edges Used Per Insert)+(Cost of The Holder/Cutting Edges Used During Life of Holder) to calculate the Tool Cost, The Estimated Tool Costs for Disposable-Insert Tool is the estimated cost required to provide a sharp tool for machining operation. Tool Cost is denoted by TC symbol.

How to calculate Estimated Tool Costs for Disposable-Insert Tool using this online calculator? To use this online calculator for Estimated Tool Costs for Disposable-Insert Tool, enter Cost of Insert (C_i), Average Number of Cutting Edges Used Per Insert (CE_avg), Cost of The Holder (C_h) & Cutting Edges Used During Life of Holder (CE_hl) and hit the calculate button. Here is how the Estimated Tool Costs for Disposable-Insert Tool calculation can be explained with given input values -> 200 = (900/8.272727)+(2000/21.92771).

FAQ

What is Estimated Tool Costs for Disposable-Insert Tool?

The Estimated Tool Costs for Disposable-Insert Tool is the estimated cost required to provide a sharp tool for machining operation and is represented as TC = (C_i/CE_avg)+(C_h/CE_hl) or Tool Cost = (Cost of Insert/Average Number of Cutting Edges Used Per Insert)+(Cost of The Holder/Cutting Edges Used During Life of Holder). Cost of Insert is the amount spent on inserting a tool in its specified holder, Average Number of Cutting Edges Used Per Insert is the supposed count of cutting edges that engaged during insertion into the holder, Cost of The Holder is the amount required to get a new holder for a tool & Cutting Edges used during Life of Holder is the total number of Cutting Edges engaged with the holder until it wears off beyond use.

How to calculate Estimated Tool Costs for Disposable-Insert Tool?

The Estimated Tool Costs for Disposable-Insert Tool is the estimated cost required to provide a sharp tool for machining operation is calculated using Tool Cost = (Cost of Insert/Average Number of Cutting Edges Used Per Insert)+(Cost of The Holder/Cutting Edges Used During Life of Holder). To calculate Estimated Tool Costs for Disposable-Insert Tool, you need Cost of Insert (C_i), Average Number of Cutting Edges Used Per Insert (CE_avg), Cost of The Holder (C_h) & Cutting Edges Used During Life of Holder (CE_hl). With our tool, you need to enter the respective value for Cost of Insert, Average Number of Cutting Edges Used Per Insert, Cost of The Holder & Cutting Edges Used During Life of Holder 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 Tool Cost?

In this formula, Tool Cost uses Cost of Insert, Average Number of Cutting Edges Used Per Insert, Cost of The Holder & Cutting Edges Used During Life of Holder. We can use 1 other way(s) to calculate the same, which is/are as follows -

Tool Cost = Cost of Grinding+(Cost of A Tool/Average Number of Regrinds Possible)

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