How to Calculate Tool Life for Minimum Production Cost?
Tool Life for Minimum Production Cost calculator uses Tool Life For Minimum Production Cost = (1-Taylor's Tool Life Exponent)*(Time to Change One Tool+(Cost of A Tool/Cost of A Tool))/Taylor's Tool Life Exponent to calculate the Tool Life For Minimum Production Cost, The Tool Life for Minimum Production Cost is a method to determine the Tool Life required to operate on a workpiece such that the Cost of Production for a given Batch is Minimum. Tool Life For Minimum Production Cost is denoted by Tmin symbol.
How to calculate Tool Life for Minimum Production Cost using this online calculator? To use this online calculator for Tool Life for Minimum Production Cost, enter Taylor's Tool Life Exponent (n), Time to Change One Tool (tc) & Cost of A Tool (Ct) and hit the calculate button. Here is how the Tool Life for Minimum Production Cost calculation can be explained with given input values -> 0.012972 = (1-0.540818)*(54+(48/48))/0.540818.