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Cost of 1 Tool given Machining Cost Formula

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Cost of A Tool is simply the cost of one tool being used for machining. Check FAQs

C t = (T \cdot \frac{(\frac{C m}{t m}) - M}{Q}) - (M \cdot t c)

C_t - Cost of A Tool?T - Tool Life?C_m - Machining And Operating Cost of Each Product?t_m - Machining Time?M - Machining And Operating Rate?Q - Time Proportion of Cutting Edge Engagement?t_c - Time to Change One Tool?

Cost of 1 Tool given Machining Cost Example

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Here is how the Cost of 1 Tool given Machining Cost equation looks like with Values.

Here is how the Cost of 1 Tool given Machining Cost equation looks like with Units.

Here is how the Cost of 1 Tool given Machining Cost equation looks like.

478575 = (4500 \cdot \frac{(\frac{4650.5}{30}) - 101}{0.5}) - (101 \cdot 75)

478575 = (4500s \cdot \frac{(\frac{4650.5}{30s}) - 101}{0.5}) - (101 \cdot 75s)

478575 = (4500 \cdot \frac{(\frac{4650.5}{30}) - 101}{0.5}) - (101 \cdot 75)

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Cost of 1 Tool given Machining Cost Solution

Follow our step by step solution on how to calculate Cost of 1 Tool given Machining Cost?

FIRST Step Consider the formula

C t = (T \cdot \frac{(\frac{C m}{t m}) - M}{Q}) - (M \cdot t c)

Next Step Substitute values of Variables

∴

C t = (4500s \cdot \frac{(\frac{4650.5}{30s}) - 101}{0.5}) - (101 \cdot 75s)

Next Step Prepare to Evaluate

∴

C t = (4500 \cdot \frac{(\frac{4650.5}{30}) - 101}{0.5}) - (101 \cdot 75)

LAST Step Evaluate

∴

C t = 478575

Cost of 1 Tool given Machining Cost Formula Elements

Variables

Cost of A Tool

Cost of A Tool is simply the cost of one tool being used for machining.

Symbol: C_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of A Tool

Tool Life

Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations.

Symbol: T

Measurement: TimeUnit: s

Note: Value should be greater than 0.

Formulas to find Tool Life

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.

Symbol: C_m

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Machining And Operating Cost of Each Product

Machining Time

Machining Time is the time when a machine is actually processing something. Generally, machining time is the term used when there is a removal of unwanted material.

Symbol: t_m

Measurement: TimeUnit: s

Note: Value should be greater than 0.

Formulas to find Machining Time

Machining And Operating Rate

Machining And Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.

Symbol: M

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Machining And Operating Rate

Time Proportion of Cutting Edge Engagement

Time Proportion of Cutting Edge Engagement is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece.

Symbol: Q

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Time Proportion of Cutting Edge Engagement

Time to Change One Tool

Time to Change One Tool is the measure of time it takes to change one tool during machining.

Symbol: t_c

Measurement: TimeUnit: s

Note: Value should be greater than 0.

Formulas to find Time to Change One Tool

Other formulas in Tool Cost category

Go Tool Changing Cost per Tool given Machining Cost

C ct = (T \cdot \frac{(\frac{C m}{t m}) - M}{Q}) - C t

Go Time Proportion of Cutting Edge Engagement given Machining Cost

Q = T \cdot \frac{(\frac{C m}{t m}) - M}{M \cdot t c + C t}

How to Evaluate Cost of 1 Tool given Machining Cost?

Cost of 1 Tool given Machining Cost evaluator uses Cost of A Tool = (Tool Life*((Machining And Operating Cost of Each Product/Machining Time)-Machining And Operating Rate)/Time Proportion of Cutting Edge Engagement)-(Machining And Operating Rate*Time to Change One Tool) to evaluate the Cost of A Tool, The Cost of 1 Tool given Machining Cost is a method to determine the maximum amount available to be spent on renewing the Machining Tool when the Cost of Machining per component is known. Cost of A Tool is denoted by C_t symbol.

How to evaluate Cost of 1 Tool given Machining Cost using this online evaluator? To use this online evaluator for Cost of 1 Tool given Machining Cost, enter Tool Life (T), Machining And Operating Cost of Each Product (C_m), Machining Time (t_m), Machining And Operating Rate (M), Time Proportion of Cutting Edge Engagement (Q) & Time to Change One Tool (t_c) and hit the calculate button.

FAQs on Cost of 1 Tool given Machining Cost

What is the formula to find Cost of 1 Tool given Machining Cost?

The formula of Cost of 1 Tool given Machining Cost is expressed as Cost of A Tool = (Tool Life*((Machining And Operating Cost of Each Product/Machining Time)-Machining And Operating Rate)/Time Proportion of Cutting Edge Engagement)-(Machining And Operating Rate*Time to Change One Tool). Here is an example- 478575 = (4500*((4650.5/30)-101)/0.5)-(101*75).

How to calculate Cost of 1 Tool given Machining Cost?

With Tool Life (T), Machining And Operating Cost of Each Product (C_m), Machining Time (t_m), Machining And Operating Rate (M), Time Proportion of Cutting Edge Engagement (Q) & Time to Change One Tool (t_c) we can find Cost of 1 Tool given Machining Cost using the formula - Cost of A Tool = (Tool Life*((Machining And Operating Cost of Each Product/Machining Time)-Machining And Operating Rate)/Time Proportion of Cutting Edge Engagement)-(Machining And Operating Rate*Time to Change One Tool).

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Cost of 1 Tool given Machining Cost Formula

Cost of 1 Tool given Machining Cost Example

Cost of 1 Tool given Machining Cost Solution

Cost of 1 Tool given Machining Cost Formula Elements

Other formulas in Tool Cost category

How to Evaluate Cost of 1 Tool given Machining Cost?

FAQs on Cost of 1 Tool given Machining Cost

Variable Name