Machining and Operating Rate given Production Cost per Component Calculator

✖Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.ⓘ Production Cost of Each Component [C_p]			+10% -10%
✖Constant For Machining Condition can be regarded as the distance moved by the tool corner relative to the workpiece during a particular machining condition. It is usually measured in Metre.ⓘ Constant For Machining Condition [K]			+10% -10%
✖Reference Tool Life is the tool life of the tool obtained in the reference machining condition.ⓘ Reference Tool Life [L_ref]			+10% -10%
✖Reference Cutting Velocity is the cutting velocity of the tool used in the reference machining condition.ⓘ Reference Cutting Velocity [V_ref]			+10% -10%
✖Taylors Tool Life Exponent is an experimental exponent that helps in quantifying the rate of tool wear.ⓘ Taylors Tool Life Exponent [n]			+10% -10%
✖The Cost of A Tool is simply the cost of one tool being used for machining.ⓘ Cost of A Tool [C_t]			+10% -10%
✖The Cutting Velocity is the tangential velocity at the periphery of the cutter or workpiece (whichever is rotating).ⓘ Cutting Velocity [V]			+10% -10%
✖Non-Productive Time is the total time wasted in setting up the machine or workpiece for a particular process.ⓘ Non-Productive Time [NPT]			+10% -10%
✖Time to Change One Tool is the measure of time it takes to change one tool during machining.ⓘ Time to Change One Tool [t_c]			+10% -10%

✖Machining And Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.ⓘ Machining and Operating Rate given Production Cost per Component [M]

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Machining and Operating Rate given Production Cost per Component Solution

STEP 0: Pre-Calculation Summary

Formula Used

Machining And Operating Rate = (Production Cost of Each Component-((Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))))/(Non-Productive Time+Constant For Machining Condition/Cutting Velocity+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*Time to Change One Tool*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent)))
M = (C_p-((K/(L_ref*V_ref^(1/n)))*(C_t)*(V^((1-n)/n))))/(NPT+K/V+(K/(L_ref*V_ref^(1/n)))*t_c*(V^((1-n)/n)))
This formula uses 10 Variables

Variables Used

Machining And Operating Rate - Machining And Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
Production Cost of Each Component - Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.
Constant For Machining Condition - (Measured in Meter) - Constant For Machining Condition can be regarded as the distance moved by the tool corner relative to the workpiece during a particular machining condition. It is usually measured in Metre.
Reference Tool Life - (Measured in Second) - Reference Tool Life is the tool life of the tool obtained in the reference machining condition.
Reference Cutting Velocity - (Measured in Meter per Second) - Reference Cutting Velocity is the cutting velocity of the tool used in the reference machining condition.
Taylors Tool Life Exponent - Taylors Tool Life Exponent is an experimental exponent that helps in quantifying the rate of tool wear.
Cost of A Tool - The Cost of A Tool is simply the cost of one tool being used for machining.
Cutting Velocity - (Measured in Meter per Second) - The Cutting Velocity is the tangential velocity at the periphery of the cutter or workpiece (whichever is rotating).
Non-Productive Time - (Measured in Second) - Non-Productive Time is the total time wasted in setting up the machine or workpiece for a particular process.
Time to Change One Tool - (Measured in Second) - Time to Change One Tool is the measure of time it takes to change one tool during machining.

STEP 1: Convert Input(s) to Base Unit

Production Cost of Each Component: 5.655323 --> No Conversion Required
Constant For Machining Condition: 203.0681 Meter --> 203.0681 Meter No Conversion Required
Reference Tool Life: 2 Minute --> 120 Second (Check conversion here)
Reference Cutting Velocity: 0.76 Meter per Second --> 0.76 Meter per Second No Conversion Required
Taylors Tool Life Exponent: 0.125 --> No Conversion Required
Cost of A Tool: 100 --> No Conversion Required
Cutting Velocity: 0.28 Meter per Second --> 0.28 Meter per Second No Conversion Required
Non-Productive Time: 20 Minute --> 1200 Second (Check conversion here)
Time to Change One Tool: 5 Minute --> 300 Second (Check conversion here)

STEP 2: Evaluate Formula

Substituting Input Values in Formula

M = (C_p-((K/(L_ref*V_ref^(1/n)))*(C_t)*(V^((1-n)/n))))/(NPT+K/V+(K/(L_ref*V_ref^(1/n)))*t_c*(V^((1-n)/n))) --> (5.655323-((203.0681/(120*0.76^(1/0.125)))*(100)*(0.28^((1-0.125)/0.125))))/(1200+203.0681/0.28+(203.0681/(120*0.76^(1/0.125)))*300*(0.28^((1-0.125)/0.125)))

Evaluating ... ...

M = 0.00282999971424881

STEP 3: Convert Result to Output's Unit

0.00282999971424881 --> No Conversion Required

FINAL ANSWER

0.00282999971424881 ≈ 0.00283 <-- Machining And Operating Rate

(Calculation completed in 00.004 seconds)

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

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< Production Cost per Component Calculators

Machining and Operating Rate given Production Cost per Component

LaTeX Go Machining And Operating Rate = (Production Cost of Each Component-((Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))))/(Non-Productive Time+Constant For Machining Condition/Cutting Velocity+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*Time to Change One Tool*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent)))

Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation

LaTeX Go Production Cost of Each Component = Machining And Operating Rate*(Non-Productive Time+Constant For Machining Condition/Cutting Velocity)+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Machining And Operating Rate*Time to Change One Tool+Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))

Nonproductive Time given Production Cost per Component

LaTeX Go Setup Time = (Production Cost of Each Component-((Machining And Operating Rate*Constant For Machining Condition/Cutting Velocity)+(Constant For Machining Condition*((Cutting Velocity/Reference Cutting Velocity)^(1/Taylors Tool Life Exponent))*(Machining And Operating Rate*Time to Change One Tool+Cost of A Tool)/(Reference Tool Life*Cutting Velocity))))/Machining And Operating Rate

Production Cost per Component for Constant-Speed-Rough-Machining given Tool Changing Cost

LaTeX Go Production Cost of Each Component = Machining And Operating Rate*(Non-Productive Time+Constant For Machining Condition/Cutting Velocity)+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Cost of Changing Each Tool+Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))

Machining and Operating Rate given Production Cost per Component Formula

LaTeX Go

Significance of Machining and Operating Costs

The Machining and Operating Cost basically helps in determining the count of components that can be manufactured in the given resources. If this calculated cost is lower than the actual cost based on machining time, it means that the production planning has failed, as the total number of the components that are to be produced becomes lower than the starting batch size.

How to Calculate Machining and Operating Rate given Production Cost per Component?

Machining and Operating Rate given Production Cost per Component calculator uses Machining And Operating Rate = (Production Cost of Each Component-((Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))))/(Non-Productive Time+Constant For Machining Condition/Cutting Velocity+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*Time to Change One Tool*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))) to calculate the Machining And Operating Rate, The Machining and Operating Rate given Production Cost per Component is a method to determine the maximum expense rate that can be afforded on machines and operators when based on the expense it took to manufacture a single component. Machining And Operating Rate is denoted by M symbol.

How to calculate Machining and Operating Rate given Production Cost per Component using this online calculator? To use this online calculator for Machining and Operating Rate given Production Cost per Component, enter Production Cost of Each Component (C_p), Constant For Machining Condition (K), Reference Tool Life (L_ref), Reference Cutting Velocity (V_ref), Taylors Tool Life Exponent (n), Cost of A Tool (C_t), Cutting Velocity (V), Non-Productive Time (NPT) & Time to Change One Tool (t_c) and hit the calculate button. Here is how the Machining and Operating Rate given Production Cost per Component calculation can be explained with given input values -> 0.00283 = (5.655323-((203.0681/(120*0.76^(1/0.125)))*(100)*(0.28^((1-0.125)/0.125))))/(1200+203.0681/0.28+(203.0681/(120*0.76^(1/0.125)))*300*(0.28^((1-0.125)/0.125))).

FAQ

What is Machining and Operating Rate given Production Cost per Component?

The Machining and Operating Rate given Production Cost per Component is a method to determine the maximum expense rate that can be afforded on machines and operators when based on the expense it took to manufacture a single component and is represented as M = (C_p-((K/(L_ref*V_ref^(1/n)))*(C_t)*(V^((1-n)/n))))/(NPT+K/V+(K/(L_ref*V_ref^(1/n)))*t_c*(V^((1-n)/n))) or Machining And Operating Rate = (Production Cost of Each Component-((Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))))/(Non-Productive Time+Constant For Machining Condition/Cutting Velocity+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*Time to Change One Tool*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))). Production Cost of Each Component is the total amount that it takes to produce a single component from scratch, Constant For Machining Condition can be regarded as the distance moved by the tool corner relative to the workpiece during a particular machining condition. It is usually measured in Metre, Reference Tool Life is the tool life of the tool obtained in the reference machining condition, Reference Cutting Velocity is the cutting velocity of the tool used in the reference machining condition, Taylors Tool Life Exponent is an experimental exponent that helps in quantifying the rate of tool wear, The Cost of A Tool is simply the cost of one tool being used for machining, The Cutting Velocity is the tangential velocity at the periphery of the cutter or workpiece (whichever is rotating), Non-Productive Time is the total time wasted in setting up the machine or workpiece for a particular process & Time to Change One Tool is the measure of time it takes to change one tool during machining.

How to calculate Machining and Operating Rate given Production Cost per Component?

The Machining and Operating Rate given Production Cost per Component is a method to determine the maximum expense rate that can be afforded on machines and operators when based on the expense it took to manufacture a single component is calculated using Machining And Operating Rate = (Production Cost of Each Component-((Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))))/(Non-Productive Time+Constant For Machining Condition/Cutting Velocity+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*Time to Change One Tool*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))). To calculate Machining and Operating Rate given Production Cost per Component, you need Production Cost of Each Component (C_p), Constant For Machining Condition (K), Reference Tool Life (L_ref), Reference Cutting Velocity (V_ref), Taylors Tool Life Exponent (n), Cost of A Tool (C_t), Cutting Velocity (V), Non-Productive Time (NPT) & Time to Change One Tool (t_c). With our tool, you need to enter the respective value for Production Cost of Each Component, Constant For Machining Condition, Reference Tool Life, Reference Cutting Velocity, Taylors Tool Life Exponent, Cost of A Tool, Cutting Velocity, Non-Productive Time & Time to Change One Tool and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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