Total Machining Time using Average Production Cost Calculator

✖Batch size refers to the number of identical parts produced in a single production run or cycle.ⓘ Batch Size [N_b]			+10% -10%
✖Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.ⓘ Production Cost of Each Component [C_pr]			+10% -10%
✖Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs.ⓘ Cost of a Tool [C_t]			+10% -10%
✖Setup Time of each component is the time required to load/unload the workpiece and position the tool for production for one component.ⓘ Setup Time [t_s]			+10% -10%
✖The Number of Tools Used is the total number of tools used for manufacturing a batch of products.ⓘ Number of Tools Used [N_t]			+10% -10%
✖Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one.ⓘ Time to Change One Tool [t_c]			+10% -10%

✖Total machining time is the sum of all the time spent performing various machining operations on a workpiece.ⓘ Total Machining Time using Average Production Cost [T_m]

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Total Machining Time using Average Production Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Total Machining Time = (Batch Size*(Production Cost of Each Component-Cost of a Tool*Setup Time)-Number of Tools Used*(Cost of a Tool*Time to Change One Tool+Cost of a Tool))/(Cost of a Tool)
T_m = (N_b*(C_pr-C_t*t_s)-N_t*(C_t*t_c+C_t))/(C_t)
This formula uses 7 Variables

Variables Used

Total Machining Time - (Measured in Second) - Total machining time is the sum of all the time spent performing various machining operations on a workpiece.
Batch Size - Batch size refers to the number of identical parts produced in a single production run or cycle.
Production Cost of Each Component - Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.
Cost of a Tool - Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs.
Setup Time - (Measured in Second) - Setup Time of each component is the time required to load/unload the workpiece and position the tool for production for one component.
Number of Tools Used - The Number of Tools Used is the total number of tools used for manufacturing a batch of products.
Time to Change One Tool - (Measured in Second) - Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one.

STEP 1: Convert Input(s) to Base Unit

Batch Size: 2 --> No Conversion Required
Production Cost of Each Component: 11400 --> No Conversion Required
Cost of a Tool: 80 --> No Conversion Required
Setup Time: 0.45 Minute --> 27 Second (Check conversion here)
Number of Tools Used: 3 --> No Conversion Required
Time to Change One Tool: 0.5 Minute --> 30 Second (Check conversion here)

STEP 2: Evaluate Formula

Substituting Input Values in Formula

T_m = (N_b*(C_pr-C_t*t_s)-N_t*(C_t*t_c+C_t))/(C_t) --> (2*(11400-80*27)-3*(80*30+80))/(80)

Evaluating ... ...

T_m = 138

STEP 3: Convert Result to Output's Unit

138 Second -->2.3 Minute (Check conversion here)

FINAL ANSWER

2.3 Minute <-- Total Machining 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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< Average Production Cost Calculators

Total Non-Productive Time using Average Production Cost

LaTeX Go Non Productive Time = (Batch Size*(Production Cost of Each Component-Cost of a Tool*Machining Time)-(Cost of a Tool*Number of Tools Used*Time to Change One Tool)-(Number of Tools Used*Cost of a Tool))/Cost of a Tool

Setup Time for Each Product given Average Production Cost

LaTeX Go Setup Time = (Production Cost of Each Component-Cost of a Tool*Machining Time-(Number of Tools Used/Batch Size)*(Cost of a Tool*Time to Change One Tool+Cost of a Tool))/Cost of a Tool

Number of Tools used given Average Production Cost

LaTeX Go Number of Tools Used = Batch Size*(Production Cost of Each Component-Cost of a Tool*(Setup Time+Machining Time))/(Cost of a Tool*Time to Change One Tool+Cost of a Tool)

Number of Tools used given Average Production Time

LaTeX Go Number of Tools Used = Batch Size*(Average Production Time-(Setup Time+Machining Time))/Time to Change One Tool

Total Machining Time using Average Production Cost Formula

LaTeX Go

Components Affecting Machining Time

1) Cutting Time: The time required for cutting operations, including roughing, semi-finishing, and finishing cuts.
2) Tool Change Time: The time spent on tool changes, including stopping the machine, changing tools, and calibrating.
3) Setup Time: The duration needed to set up the machine, fixtures, and tooling for each job.
4) Material Handling Time: Time spent loading and unloading workpieces onto the machine.
5) Idle Time: Non-productive time, such as machine warm-up, cool-down, and maintenance.

How to Calculate Total Machining Time using Average Production Cost?

Total Machining Time using Average Production Cost calculator uses Total Machining Time = (Batch Size*(Production Cost of Each Component-Cost of a Tool*Setup Time)-Number of Tools Used*(Cost of a Tool*Time to Change One Tool+Cost of a Tool))/(Cost of a Tool) to calculate the Total Machining Time, The Total Machining Time using Average Production Cost refers to the cumulative duration required to process all components during the manufacturing process. This time encompasses various machining operations, such as cutting, shaping, drilling, and finishing, necessary to transform raw materials into finished products. Total machining time is a crucial parameter in production planning, resource allocation, and cost estimation. Total Machining Time is denoted by T_m symbol.

How to calculate Total Machining Time using Average Production Cost using this online calculator? To use this online calculator for Total Machining Time using Average Production Cost, enter Batch Size (N_b), Production Cost of Each Component (C_pr), Cost of a Tool (C_t), Setup Time (t_s), Number of Tools Used (N_t) & Time to Change One Tool (t_c) and hit the calculate button. Here is how the Total Machining Time using Average Production Cost calculation can be explained with given input values -> 0.038333 = (2*(11400-80*27)-3*(80*30+80))/(80).

FAQ

What is Total Machining Time using Average Production Cost?

The Total Machining Time using Average Production Cost refers to the cumulative duration required to process all components during the manufacturing process. This time encompasses various machining operations, such as cutting, shaping, drilling, and finishing, necessary to transform raw materials into finished products. Total machining time is a crucial parameter in production planning, resource allocation, and cost estimation and is represented as T_m = (N_b*(C_pr-C_t*t_s)-N_t*(C_t*t_c+C_t))/(C_t) or Total Machining Time = (Batch Size*(Production Cost of Each Component-Cost of a Tool*Setup Time)-Number of Tools Used*(Cost of a Tool*Time to Change One Tool+Cost of a Tool))/(Cost of a Tool). Batch size refers to the number of identical parts produced in a single production run or cycle, Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses, Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs, Setup Time of each component is the time required to load/unload the workpiece and position the tool for production for one component, The Number of Tools Used is the total number of tools used for manufacturing a batch of products & Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one.

How to calculate Total Machining Time using Average Production Cost?

The Total Machining Time using Average Production Cost refers to the cumulative duration required to process all components during the manufacturing process. This time encompasses various machining operations, such as cutting, shaping, drilling, and finishing, necessary to transform raw materials into finished products. Total machining time is a crucial parameter in production planning, resource allocation, and cost estimation is calculated using Total Machining Time = (Batch Size*(Production Cost of Each Component-Cost of a Tool*Setup Time)-Number of Tools Used*(Cost of a Tool*Time to Change One Tool+Cost of a Tool))/(Cost of a Tool). To calculate Total Machining Time using Average Production Cost, you need Batch Size (N_b), Production Cost of Each Component (C_pr), Cost of a Tool (C_t), Setup Time (t_s), Number of Tools Used (N_t) & Time to Change One Tool (t_c). With our tool, you need to enter the respective value for Batch Size, Production Cost of Each Component, Cost of a Tool, Setup Time, Number of Tools Used & 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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