Machining Time per component for Minimum Machining Cost 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%
✖Taylor's Tool Life Exponent is an experimental exponent that helps in quantifying the rate of Tool Wear.ⓘ Taylor's Tool Life Exponent [n]			+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 [R]			+10% -10%

✖Machining Time for Minimum Cost is the time for processing when the workpiece is machined to obtain the minimum cost of Machining.ⓘ Machining Time per component for Minimum Machining Cost [t_min]

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Machining Time per component for Minimum Machining Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate
t_min = C_m*(1-n)/R
This formula uses 4 Variables

Variables Used

Machining Time for Minimum Cost - (Measured in Second) - Machining Time for Minimum Cost is the time for processing when the workpiece is machined to obtain the minimum cost of Machining.
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.
Taylor's Tool Life Exponent - Taylor's Tool Life Exponent is an experimental exponent that helps in quantifying the rate of Tool Wear.
Machining and Operating Rate - Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.

STEP 1: Convert Input(s) to Base Unit

Machining and Operating Cost of Each Product: 4650.5 --> No Conversion Required
Taylor's Tool Life Exponent: 0.125 --> No Conversion Required
Machining and Operating Rate: 7 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

t_min = C_m*(1-n)/R --> 4650.5*(1-0.125)/7

Evaluating ... ...

t_min = 581.3125

STEP 3: Convert Result to Output's Unit

581.3125 Second --> No Conversion Required

FINAL ANSWER

581.3125 Second <-- Machining Time for Minimum 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

Kumar Siddhant has created this Calculator and 400+ more calculators!

Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

Parul Keshav has verified this Calculator and 400+ more calculators!

< Minimum Machining Cost Calculators

Machining and Operating Rate given Minimum Production Cost

LaTeX Go Machining and Operating Rate = Production Cost of Each Component/(Setup Time+(Constant For Machining Condition*((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent)/(Reference Cutting Velocity*(1-Taylor's Tool Life Exponent))))

Minimum Production Cost per Component

LaTeX Go Production Cost of Each Component = Machining and Operating Rate*(Setup Time+(Constant For Machining Condition*((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent)/(Reference Cutting Velocity*(1-Taylor's Tool Life Exponent))))

Non-Productive Time per component given Minimum Production Cost

LaTeX Go Setup Time = Production Cost of Each Component/Machining and Operating Rate-(Constant For Machining Condition*((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent)/(Reference Cutting Velocity*(1-Taylor's Tool Life Exponent)))

Constant for Machining Operation given Minimum Production Cost

LaTeX Go Constant For Machining Condition = (Production Cost of Each Component/Machining and Operating Rate-Setup Time)*Reference Cutting Velocity*(1-Taylor's Tool Life Exponent)/((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent)

Machining Time per component for Minimum Machining Cost Formula

LaTeX Go

Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate
t_min = C_m*(1-n)/R

Importance of Production Time

The Production time and its proper estimation are of great help in determining:
1. Manufacturing Costs
2. Machine Work Loads
3. Personel Needs
4. Delivery Time

How to Calculate Machining Time per component for Minimum Machining Cost?

Machining Time per component for Minimum Machining Cost calculator uses Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate to calculate the Machining Time for Minimum Cost, The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component. Machining Time for Minimum Cost is denoted by t_min symbol.

How to calculate Machining Time per component for Minimum Machining Cost using this online calculator? To use this online calculator for Machining Time per component for Minimum Machining Cost, enter Machining and Operating Cost of Each Product (C_m), Taylor's Tool Life Exponent (n) & Machining and Operating Rate (R) and hit the calculate button. Here is how the Machining Time per component for Minimum Machining Cost calculation can be explained with given input values -> 581.3125 = 4650.5*(1-0.125)/7.

FAQ

What is Machining Time per component for Minimum Machining Cost?

The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component and is represented as t_min = C_m*(1-n)/R or Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate. Machining and Operating Cost of Each Product is the total amount of money required to machine a single product, Taylor's Tool Life Exponent is an experimental exponent that helps in quantifying the rate of Tool Wear & Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.

How to calculate Machining Time per component for Minimum Machining Cost?

The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component is calculated using Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate. To calculate Machining Time per component for Minimum Machining Cost, you need Machining and Operating Cost of Each Product (C_m), Taylor's Tool Life Exponent (n) & Machining and Operating Rate (R). With our tool, you need to enter the respective value for Machining and Operating Cost of Each Product, Taylor's Tool Life Exponent & Machining and Operating Rate 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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