Machining and Operating Rate given Machining Cost for Maximum Power Calculator

✖Machining And Operating Cost of Each Product is the total amount of money required to machine a single product.ⓘ Machining And Operating Cost of Each Product [C_m]			+10% -10%
✖Machining Time For Maximum Power is the time for processing when the workpiece is machined under maximum power conditions.ⓘ Machining Time For Maximum Power [t_mp]			+10% -10%
✖Time Proportion of Cutting Edge Engagement is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece.ⓘ Time Proportion of Cutting Edge Engagement [Q]			+10% -10%
✖Cost of A Tool is simply the cost of one tool being used for machining.ⓘ Cost of A Tool [C_t]			+10% -10%
✖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%
✖Time to Change One Tool For Maximum Power is the measure of time it takes to change one tool during machining such that power is maximum.ⓘ Time to Change One Tool For Maximum Power [t_max]			+10% -10%

✖Maximum Machining And Operating Rate is the maximum money charged for processing on and operating machines per unit time, including overheads.ⓘ Machining and Operating Rate given Machining Cost for Maximum Power [M_max]

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Formula

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Machining and Operating Rate given Machining Cost for Maximum Power

Formula

M max = \frac{(\frac{C m}{t mp}) - (Q \cdot \frac{C t}{T})}{(Q \cdot \frac{t max}{T}) + 1}

Example

0.0083 = \frac{(\frac{0.963225}{0.81541667 min}) - (0.5000 \cdot \frac{100.00}{75 min})}{(0.5000 \cdot \frac{5 min}{75 min}) + 1}

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Machining and Operating Rate given Machining Cost for Maximum Power Solution

STEP 0: Pre-Calculation Summary

Formula Used

Maximum Machining And Operating Rate = ((Machining And Operating Cost of Each Product/Machining Time For Maximum Power)-(Time Proportion of Cutting Edge Engagement*Cost of A Tool/Tool Life))/((Time Proportion of Cutting Edge Engagement*Time to Change One Tool For Maximum Power/Tool Life)+1)
M_max = ((C_m/t_mp)-(Q*C_t/T))/((Q*t_max/T)+1)
This formula uses 7 Variables

Variables Used

Maximum Machining And Operating Rate - Maximum Machining And Operating Rate is the maximum money charged for processing on and operating machines per unit time, including overheads.
Machining And Operating Cost of Each Product - Machining And Operating Cost of Each Product is the total amount of money required to machine a single product.
Machining Time For Maximum Power - (Measured in Second) - Machining Time For Maximum Power is the time for processing when the workpiece is machined under maximum power conditions.
Time Proportion of Cutting Edge Engagement - Time Proportion of Cutting Edge Engagement is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece.
Cost of A Tool - Cost of A Tool is simply the cost of one tool being used for machining.
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.
Time to Change One Tool For Maximum Power - (Measured in Second) - Time to Change One Tool For Maximum Power is the measure of time it takes to change one tool during machining such that power is maximum.

STEP 1: Convert Input(s) to Base Unit

Machining And Operating Cost of Each Product: 0.963225 --> No Conversion Required
Machining Time For Maximum Power: 0.81541667 Minute --> 48.9250002 Second (Check conversion here)
Time Proportion of Cutting Edge Engagement: 0.5 --> No Conversion Required
Cost of A Tool: 100 --> No Conversion Required
Tool Life: 75 Minute --> 4500 Second (Check conversion here)
Time to Change One Tool For Maximum Power: 5 Minute --> 300 Second (Check conversion here)

STEP 2: Evaluate Formula

Substituting Input Values in Formula

M_max = ((C_m/t_mp)-(Q*C_t/T))/((Q*t_max/T)+1) --> ((0.963225/48.9250002)-(0.5*100/4500))/((0.5*300/4500)+1)

Evaluating ... ...

M_max = 0.00830000926272269

STEP 3: Convert Result to Output's Unit

0.00830000926272269 --> No Conversion Required

FINAL ANSWER

0.00830000926272269 ≈ 0.0083 <-- Maximum Machining And Operating Rate

(Calculation completed in 00.004 seconds)

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Home » Engineering » Production Engineering » Metal Machining » Metal Machining Economics » Production Cost » Machining Cost » Machining and Operating Rate given Machining Cost for Maximum Power

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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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< Machining Cost Calculators

Total Machining and Operating Costs using Average Production Cost

Go Total Machining And Operating Cost = (Production Cost of Each Component-(Average Cost of A Tool*Non Productive Time)-(Number of Tools Used/Batch Size*(Average Cost of A Tool*Time to Change One Tool+Average Cost of A Tool)))*Batch Size

Total Machining and Operating Costs given Total Production Cost

Go Total Machining And Operating Cost = Total Production Cost-(Total Cost of Tools Used+Total Tool Changing Cost+Total Non Productive Cost)

Machining and Operating Rate given Total Machining and Operating Cost

Go Machining And Operating Rate = Rate of Total Machining And Operating Cost/Total Production Time

Total Machining and Operating Cost

Go Rate of Total Machining And Operating Cost = Machining And Operating Rate*Total Production Time

Machining and Operating Rate given Machining Cost for Maximum Power Formula

Significance of Machining and Operating Rate

The Machining and Operating Rate basically helps in determining the count of components that can be manufactured in the given time for given resources. Optimizing this Rate helps in regulating the Total Machining Cost of the Production which carries the maximum weightage of the Total Production Cost.

How to Calculate Machining and Operating Rate given Machining Cost for Maximum Power?

Machining and Operating Rate given Machining Cost for Maximum Power calculator uses Maximum Machining And Operating Rate = ((Machining And Operating Cost of Each Product/Machining Time For Maximum Power)-(Time Proportion of Cutting Edge Engagement*Cost of A Tool/Tool Life))/((Time Proportion of Cutting Edge Engagement*Time to Change One Tool For Maximum Power/Tool Life)+1) to calculate the Maximum Machining And Operating Rate, The Machining and Operating Rate given Machining Cost for Maximum Power is a way to determine the maximum expense rate that can be afforded on machines and operators when the workpiece is machined under maximum power delivered by the tool. Maximum Machining And Operating Rate is denoted by M_max symbol.

How to calculate Machining and Operating Rate given Machining Cost for Maximum Power using this online calculator? To use this online calculator for Machining and Operating Rate given Machining Cost for Maximum Power, enter Machining And Operating Cost of Each Product (C_m), Machining Time For Maximum Power (t_mp), Time Proportion of Cutting Edge Engagement (Q), Cost of A Tool (C_t), Tool Life (T) & Time to Change One Tool For Maximum Power (t_max) and hit the calculate button. Here is how the Machining and Operating Rate given Machining Cost for Maximum Power calculation can be explained with given input values -> 0.0083 = ((0.963225/48.9250002)-(0.5*100/4500))/((0.5*300/4500)+1).

FAQ

What is Machining and Operating Rate given Machining Cost for Maximum Power?

The Machining and Operating Rate given Machining Cost for Maximum Power is a way to determine the maximum expense rate that can be afforded on machines and operators when the workpiece is machined under maximum power delivered by the tool and is represented as M_max = ((C_m/t_mp)-(Q*C_t/T))/((Q*t_max/T)+1) or Maximum Machining And Operating Rate = ((Machining And Operating Cost of Each Product/Machining Time For Maximum Power)-(Time Proportion of Cutting Edge Engagement*Cost of A Tool/Tool Life))/((Time Proportion of Cutting Edge Engagement*Time to Change One Tool For Maximum Power/Tool Life)+1). Machining And Operating Cost of Each Product is the total amount of money required to machine a single product, Machining Time For Maximum Power is the time for processing when the workpiece is machined under maximum power conditions, Time Proportion of Cutting Edge Engagement is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece, Cost of A Tool is simply the cost of one tool being used for machining, Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations & Time to Change One Tool For Maximum Power is the measure of time it takes to change one tool during machining such that power is maximum.

How to calculate Machining and Operating Rate given Machining Cost for Maximum Power?

The Machining and Operating Rate given Machining Cost for Maximum Power is a way to determine the maximum expense rate that can be afforded on machines and operators when the workpiece is machined under maximum power delivered by the tool is calculated using Maximum Machining And Operating Rate = ((Machining And Operating Cost of Each Product/Machining Time For Maximum Power)-(Time Proportion of Cutting Edge Engagement*Cost of A Tool/Tool Life))/((Time Proportion of Cutting Edge Engagement*Time to Change One Tool For Maximum Power/Tool Life)+1). To calculate Machining and Operating Rate given Machining Cost for Maximum Power, you need Machining And Operating Cost of Each Product (C_m), Machining Time For Maximum Power (t_mp), Time Proportion of Cutting Edge Engagement (Q), Cost of A Tool (C_t), Tool Life (T) & Time to Change One Tool For Maximum Power (t_max). With our tool, you need to enter the respective value for Machining And Operating Cost of Each Product, Machining Time For Maximum Power, Time Proportion of Cutting Edge Engagement, Cost of A Tool, Tool Life & Time to Change One Tool For Maximum Power 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 Maximum Machining And Operating Rate?

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

Maximum Machining And Operating Rate = Machining And Operating Cost of Each Product/(((((Machining Rate For Maximum Power/Machining Time For Maximum Power)^(1/Taylor's Tool Life Exponent For Maximum Power))*Taylor's Tool Life Exponent For Maximum Power/(1-Taylor's Tool Life Exponent For Maximum Power))+1)*Machining Time For Maximum Power)

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