Machining and Operating Rate given Tool Changing Cost and Tool Life Calculator

✖Cost of Changing Each Tool is the cost that arises due to the time taken by the operator to change one tool when one is paid by the hour.ⓘ Cost of Changing Each Tool [C_ct]			+10% -10%
✖Taylor's Exponent For Minimum Production Time is an experimental exponent that helps in quantifying the rate of Tool Wear.ⓘ Taylor's Exponent For Minimum Production Time [n_mpt]			+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 [L]			+10% -10%

✖Machining And Operating Rate in Minimum Time is the money charged for processing on and operating machines per unit time, including overheads.ⓘ Machining and Operating Rate given Tool Changing Cost and Tool Life [M_min]

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Machining and Operating Rate given Tool Changing Cost and Tool Life Solution

STEP 0: Pre-Calculation Summary

Formula Used

Machining And Operating Rate in Minimum Time = Cost of Changing Each Tool*(1-Taylor's Exponent For Minimum Production Time)/(Taylor's Exponent For Minimum Production Time*Tool Life)
M_min = C_ct*(1-n_mpt)/(n_mpt*L)
This formula uses 4 Variables

Variables Used

Machining And Operating Rate in Minimum Time - Machining And Operating Rate in Minimum Time is the money charged for processing on and operating machines per unit time, including overheads.
Cost of Changing Each Tool - Cost of Changing Each Tool is the cost that arises due to the time taken by the operator to change one tool when one is paid by the hour.
Taylor's Exponent For Minimum Production Time - Taylor's Exponent For Minimum Production Time is an experimental exponent that helps in quantifying the rate of Tool Wear.
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.

STEP 1: Convert Input(s) to Base Unit

Cost of Changing Each Tool: 7 --> No Conversion Required
Taylor's Exponent For Minimum Production Time: 0.5 --> No Conversion Required
Tool Life: 20 Second --> 20 Second No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

M_min = C_ct*(1-n_mpt)/(n_mpt*L) --> 7*(1-0.5)/(0.5*20)

Evaluating ... ...

M_min = 0.35

STEP 3: Convert Result to Output's Unit

0.35 --> No Conversion Required

FINAL ANSWER

0.35 <-- Machining And Operating Rate in Minimum Time

(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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Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

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< Minimum Production Time Calculators

Tool Changing Time for each Tool given min production time

LaTeX Go Time to Change Tool For Minimum Production Time = (Reference Tool Life*Taylor's Exponent For Minimum Production Time/(1-Taylor's Exponent For Minimum Production Time))/((Cutting Velocity For Minimum Production Time/Reference Cutting Velocity)^(1/Taylor's Exponent For Minimum Production Time))

Reference Cutting Velocity using Minimum Production Time

LaTeX Go Reference Cutting Velocity = Cutting Velocity For Minimum Production Time/((Taylor's Exponent For Minimum Production Time*Reference Tool Life/((1-Taylor's Exponent For Minimum Production Time)*Time to Change Tool For Minimum Production Time))^Taylor's Exponent For Minimum Production Time)

Reference Tool Life given Min Production time

LaTeX Go Reference Tool Life = (Cutting Velocity For Minimum Production Time/Reference Cutting Velocity)^(1/Taylor's Exponent For Minimum Production Time)*(1-Taylor's Exponent For Minimum Production Time)*Time to Change Tool For Minimum Production Time/Taylor's Exponent For Minimum Production Time

Cutting Velocity for Minimum Production Time

LaTeX Go Cutting Velocity For Minimum Production Time = Reference Cutting Velocity*((Taylor's Exponent For Minimum Production Time*Reference Tool Life/((1-Taylor's Exponent For Minimum Production Time)*Time to Change Tool For Minimum Production Time))^Taylor's Exponent For Minimum Production Time)

Machining and Operating Rate given Tool Changing Cost and Tool Life Formula

LaTeX Go

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 Tool Changing Cost and Tool Life?

Machining and Operating Rate given Tool Changing Cost and Tool Life calculator uses Machining And Operating Rate in Minimum Time = Cost of Changing Each Tool*(1-Taylor's Exponent For Minimum Production Time)/(Taylor's Exponent For Minimum Production Time*Tool Life) to calculate the Machining And Operating Rate in Minimum Time, The Machining and Operating Rate given Tool Changing Cost and Tool Life is a method to determine the maximum expense rate that can be afforded on machines and operators such that the Total Production Time is Minimum in reference to the Tool Life of Tool. Machining And Operating Rate in Minimum Time is denoted by M_min symbol.

How to calculate Machining and Operating Rate given Tool Changing Cost and Tool Life using this online calculator? To use this online calculator for Machining and Operating Rate given Tool Changing Cost and Tool Life, enter Cost of Changing Each Tool (C_ct), Taylor's Exponent For Minimum Production Time (n_mpt) & Tool Life (L) and hit the calculate button. Here is how the Machining and Operating Rate given Tool Changing Cost and Tool Life calculation can be explained with given input values -> 193.3214 = 7*(1-0.5)/(0.5*20).

FAQ

What is Machining and Operating Rate given Tool Changing Cost and Tool Life?

The Machining and Operating Rate given Tool Changing Cost and Tool Life is a method to determine the maximum expense rate that can be afforded on machines and operators such that the Total Production Time is Minimum in reference to the Tool Life of Tool and is represented as M_min = C_ct*(1-n_mpt)/(n_mpt*L) or Machining And Operating Rate in Minimum Time = Cost of Changing Each Tool*(1-Taylor's Exponent For Minimum Production Time)/(Taylor's Exponent For Minimum Production Time*Tool Life). Cost of Changing Each Tool is the cost that arises due to the time taken by the operator to change one tool when one is paid by the hour, Taylor's Exponent For Minimum Production Time is an experimental exponent that helps in quantifying the rate of Tool Wear & Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations.

How to calculate Machining and Operating Rate given Tool Changing Cost and Tool Life?

The Machining and Operating Rate given Tool Changing Cost and Tool Life is a method to determine the maximum expense rate that can be afforded on machines and operators such that the Total Production Time is Minimum in reference to the Tool Life of Tool is calculated using Machining And Operating Rate in Minimum Time = Cost of Changing Each Tool*(1-Taylor's Exponent For Minimum Production Time)/(Taylor's Exponent For Minimum Production Time*Tool Life). To calculate Machining and Operating Rate given Tool Changing Cost and Tool Life, you need Cost of Changing Each Tool (C_ct), Taylor's Exponent For Minimum Production Time (n_mpt) & Tool Life (L). With our tool, you need to enter the respective value for Cost of Changing Each Tool, Taylor's Exponent For Minimum Production Time & Tool Life 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 Machining And Operating Rate in Minimum Time?

In this formula, Machining And Operating Rate in Minimum Time uses Cost of Changing Each Tool, Taylor's Exponent For Minimum Production Time & Tool Life. We can use 1 other way(s) to calculate the same, which is/are as follows -

Machining And Operating Rate in Minimum Time = ((Cutting Velocity For Minimum Production Time/Reference Cutting Velocity)^(1/Taylor's Exponent For Minimum Production Time))*(1-Taylor's Exponent For Minimum Production Time)*Cost of Changing Each Tool/(Taylor's Exponent For Minimum Production Time*Reference Tool Life)

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