Total Minimum Cost Calculator

✖Minimum Cost indicates the price associated with the making of the product.ⓘ Minimum Cost [C_min]			+10% -10%
✖Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.ⓘ Tool Cost [TC]			+10% -10%
✖Machine Cost is the amount of money spent on the purchase and maintenance of machinery.ⓘ Machine Cost [MC]			+10% -10%
✖Tool Changing Time is the average time required by the operator or automation system (such as automatic tool changer – ATC) to change the tool.ⓘ Tool Changing Time [t_charge]			+10% -10%
✖Number of Rotation refers to the number of times the machine rotated about a fixed point.ⓘ Number of Rotation [NOR]			+10% -10%

✖Total Minimum Cost is the minimum amount of money required to execute an entire system of machinery.ⓘ Total Minimum Cost [TMC]

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Formula

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Total Minimum Cost

Formula

`"TMC" = ("C"_{"min"}/(("TC"/"MC"+"t"_{"charge"})*(1/"NOR"-1))^"NOR")`

Example

`"-811.175628"=("1223"/(("200"/"10000"+"1.7s")*(1/"3"-1))^"3")`

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Total Minimum Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Total Minimum Cost = (Minimum Cost/((Tool Cost/Machine Cost+Tool Changing Time)*(1/Number of Rotation-1))^Number of Rotation)
TMC = (C_min/((TC/MC+t_charge)*(1/NOR-1))^NOR)
This formula uses 6 Variables

Variables Used

Total Minimum Cost - Total Minimum Cost is the minimum amount of money required to execute an entire system of machinery.
Minimum Cost - Minimum Cost indicates the price associated with the making of the product.
Tool Cost - Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.
Machine Cost - Machine Cost is the amount of money spent on the purchase and maintenance of machinery.
Tool Changing Time - (Measured in Second) - Tool Changing Time is the average time required by the operator or automation system (such as automatic tool changer – ATC) to change the tool.
Number of Rotation - Number of Rotation refers to the number of times the machine rotated about a fixed point.

STEP 1: Convert Input(s) to Base Unit

Minimum Cost: 1223 --> No Conversion Required
Tool Cost: 200 --> No Conversion Required
Machine Cost: 10000 --> No Conversion Required
Tool Changing Time: 1.7 Second --> 1.7 Second No Conversion Required
Number of Rotation: 3 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

TMC = (C_min/((TC/MC+t_charge)*(1/NOR-1))^NOR) --> (1223/((200/10000+1.7)*(1/3-1))^3)

Evaluating ... ...

TMC = -811.175627617694

STEP 3: Convert Result to Output's Unit

-811.175627617694 --> No Conversion Required

FINAL ANSWER

-811.175627617694 ≈ -811.175628 <-- Total Minimum Cost

(Calculation completed in 00.004 seconds)

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Home » Engineering » Mechanical » Manufacturing » Metal Cutting » Total Minimum Cost

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Created by Anirudh Singh

National Institute of Technology (NIT), Jamshedpur

Anirudh Singh has created this Calculator and 300+ more calculators!

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< 20 Metal Cutting Calculators

Total Minimum Cost

Go Total Minimum Cost = (Minimum Cost/((Tool Cost/Machine Cost+Tool Changing Time)*(1/Number of Rotation-1))^Number of Rotation)

Shear Plane Angle

Go Shear Angle Metal = arctan((Chip Ratio*cos(Rake Angle))/(1-Chip Ratio*sin(Rake Angle)))

Shear Angle

Go Shear Angle Metal = atan(Width*cos(Theta)/(1-Width*sin(Theta)))

Normal Force

Go Normal Force = Centripetal Force*sin(Theta)+Tangential Force*cos(Theta)

Shear Force

Go Shear Force = Centripetal Force*cos(Theta)-Tangential Force*sin(Theta)

Maximum Production Rate

Go Maximum Production Rate = Cost of metal cutting/(((1/Number of Rotations-1)*Tool Changing Time)^Number of Rotations)

Shear Strain in Machining

Go Shear Strain Machining = tan(Shear Angle Plane-Rake Angle)+cos(Shear Angle Plane)

Shear Strain

Go Shear Strain = tan(Shear Angle Metal)+cot(Shear Angle Metal-Rake Angle)

Volumetric Removal Rate in electrochemical machining

Go Volumetric Removal Rate = Atomic Weight*Current Value/(Material Density*Valency*96500)

Bend Allowance

Go Bend Allowance = Subtended Angle in Radians*(Radius+Stretch Factor*Bar Thickness)

Electro Discharge Machining

Go Electro Discharge Machining = Voltage*(1-e^(-Time/(Resistance*Capacitance)))

Peak to Valley Height

Go Height = Feed/(tan(Angle A)+cot(Angle B))

Extrusion and Wire Drawing

Go Extrusion and Wire Drawing = Stretch factor in Drawing operation*ln(Ratio of Area)

Sheer Yield Strength

Go Shear Yield Strength = Width*Feed*cosec(Shear Angle)

Mass Removal Rate

Go Mass Removal Rate = Weight*Current Magnitude/(Valency*96500)

Specific Power Consumption

Go Specific Power Consumption = Force/(Width*Feed)

Cutting Speed given Angular Speed

Go Cutting Speed = pi*Diameter*Angular Speed

Shear Strain given Tangential Displacement and Original Length

Go Shear Strain = Tangential Displacement/Initial Length

Maximum Profit Rate

Go Maximum Profit Rate = 1/(Feed*Rotation Speed)

Peak to Valley Height given Feed and Radius

Go Peak to Valley Height = (Feed^2)/8*Radius

Total Minimum Cost Formula

Total Minimum Cost = (Minimum Cost/((Tool Cost/Machine Cost+Tool Changing Time)*(1/Number of Rotation-1))^Number of Rotation)
TMC = (C_min/((TC/MC+t_charge)*(1/NOR-1))^NOR)

What is Total Minimum Cost?

Total Minimum Cost is the minimum amount of money required to execute entire machinery system.

How to Calculate Total Minimum Cost?

Total Minimum Cost calculator uses Total Minimum Cost = (Minimum Cost/((Tool Cost/Machine Cost+Tool Changing Time)*(1/Number of Rotation-1))^Number of Rotation) to calculate the Total Minimum Cost, Total Minimum Cost is the minimum amount of money required to execute entire machinery system. Total Minimum Cost is denoted by TMC symbol.

How to calculate Total Minimum Cost using this online calculator? To use this online calculator for Total Minimum Cost, enter Minimum Cost (C_min), Tool Cost (TC), Machine Cost (MC), Tool Changing Time (t_charge) & Number of Rotation (NOR) and hit the calculate button. Here is how the Total Minimum Cost calculation can be explained with given input values -> -811.175628 = (1223/((200/10000+1.7)*(1/3-1))^3).

FAQ

What is Total Minimum Cost?

Total Minimum Cost is the minimum amount of money required to execute entire machinery system and is represented as TMC = (C_min/((TC/MC+t_charge)*(1/NOR-1))^NOR) or Total Minimum Cost = (Minimum Cost/((Tool Cost/Machine Cost+Tool Changing Time)*(1/Number of Rotation-1))^Number of Rotation). Minimum Cost indicates the price associated with the making of the product, Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools, Machine Cost is the amount of money spent on the purchase and maintenance of machinery, Tool Changing Time is the average time required by the operator or automation system (such as automatic tool changer – ATC) to change the tool & Number of Rotation refers to the number of times the machine rotated about a fixed point.

How to calculate Total Minimum Cost?

Total Minimum Cost is the minimum amount of money required to execute entire machinery system is calculated using Total Minimum Cost = (Minimum Cost/((Tool Cost/Machine Cost+Tool Changing Time)*(1/Number of Rotation-1))^Number of Rotation). To calculate Total Minimum Cost, you need Minimum Cost (C_min), Tool Cost (TC), Machine Cost (MC), Tool Changing Time (t_charge) & Number of Rotation (NOR). With our tool, you need to enter the respective value for Minimum Cost, Tool Cost, Machine Cost, Tool Changing Time & Number of Rotation 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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