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Machining and Operating Rate for Minimum Machining Cost Formula

GoMachining and Operating Rate given Machining Cost Formula

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

M min = C min \cdot \frac{1 - n}{t mc}

M_min - Minimum Machining And Operating Rate?C_min - Minimum Machining Cost of Each Product?n - Taylor's Tool Life Exponent?t_mc - Machining Time For Minimum Cost?

Machining and Operating Rate for Minimum Machining Cost Example

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Here is how the Machining and Operating Rate for Minimum Machining Cost equation looks like with Values.

Here is how the Machining and Operating Rate for Minimum Machining Cost equation looks like with Units.

Here is how the Machining and Operating Rate for Minimum Machining Cost equation looks like.

101 = 4697.004 \cdot \frac{1 - 0.0324}{0.75}

101 = 4697.004 \cdot \frac{1 - 0.0324}{0.75min}

101 = 4697.004 \cdot \frac{1 - 0.0324}{0.75}

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Machining and Operating Rate for Minimum Machining Cost Solution

Follow our step by step solution on how to calculate Machining and Operating Rate for Minimum Machining Cost?

FIRST Step Consider the formula

M min = C min \cdot \frac{1 - n}{t mc}

Next Step Substitute values of Variables

∴

M min = 4697.004 \cdot \frac{1 - 0.0324}{0.75min}

Next Step Convert Units

∴

M min = 4697.004 \cdot \frac{1 - 0.0324}{45s}

Next Step Prepare to Evaluate

∴

M min = 4697.004 \cdot \frac{1 - 0.0324}{45}

Next Step Evaluate

∴

M min = 100.9999901456

LAST Step Rounding Answer

∴

M min = 101

Machining and Operating Rate for Minimum Machining Cost Formula Elements

Variables

Minimum Machining And Operating Rate

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

Symbol: M_min

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Minimum Machining And Operating Rate

Minimum Machining Cost of Each Product

Minimum Machining Cost of Each Product is the total amount of money required to machine a single product such that spend is minimum.

Symbol: C_min

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Minimum Machining Cost of Each Product

Taylor's Tool Life Exponent

Taylor's Tool Life Exponent is an experimental exponent that helps in quantifying the rate of tool wear.

Symbol: n

Measurement: NAUnit: Unitless

Note: Value should be less than 1.

Formulas to find Taylor's Tool Life Exponent

Machining Time For Minimum Cost

Machining Time For Minimum Cost is the time for processing when the workpiece is machined to obtain the minimum cost of Machining.

Symbol: t_mc

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Machining Time For Minimum Cost

Other Formulas to find Minimum Machining And Operating Rate

Go Machining and Operating Rate given Machining Cost

M min = \frac{(\frac{C min}{t m}) - (Q \cdot \frac{C t}{T})}{(Q \cdot \frac{t min}{T}) + 1}

Other formulas in Machining Cost category

Go Total Machining and Operating Cost

C r = M \cdot TPT

Go Machining and Operating Rate given Total Machining and Operating Cost

M = \frac{C r}{TPT}

Go Total Machining and Operating Costs given Total Production Cost

C o = TPC - (TTC + TCC + TNPC)

Go Total Machining and Operating Costs using Average Production Cost

C o = (C pr - (C' avg \cdot NPT) - (\frac{N t}{B} \cdot (C' avg \cdot t c + C' avg))) \cdot B

How to Evaluate Machining and Operating Rate for Minimum Machining Cost?

Machining and Operating Rate for Minimum Machining Cost evaluator uses Minimum Machining And Operating Rate = Minimum Machining Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time For Minimum Cost to evaluate the Minimum Machining And Operating Rate, The Machining and Operating Rate for Minimum Machining Cost is a way to determine the maximum expense rate that can be afforded on machines and operators when based on the minimum expense it took to machine a single component. Minimum Machining And Operating Rate is denoted by M_min symbol.

How to evaluate Machining and Operating Rate for Minimum Machining Cost using this online evaluator? To use this online evaluator for Machining and Operating Rate for Minimum Machining Cost, enter Minimum Machining Cost of Each Product (C_min), Taylor's Tool Life Exponent (n) & Machining Time For Minimum Cost (t_mc) and hit the calculate button.

FAQs on Machining and Operating Rate for Minimum Machining Cost

What is the formula to find Machining and Operating Rate for Minimum Machining Cost?

The formula of Machining and Operating Rate for Minimum Machining Cost is expressed as Minimum Machining And Operating Rate = Minimum Machining Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time For Minimum Cost. Here is an example- 100 = 4697.004*(1-0.032362)/45.

How to calculate Machining and Operating Rate for Minimum Machining Cost?

With Minimum Machining Cost of Each Product (C_min), Taylor's Tool Life Exponent (n) & Machining Time For Minimum Cost (t_mc) we can find Machining and Operating Rate for Minimum Machining Cost using the formula - Minimum Machining And Operating Rate = Minimum Machining Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time For Minimum Cost.

What are the other ways to Calculate Minimum Machining And Operating Rate?

Here are the different ways to Calculate Minimum Machining And Operating Rate-

Minimum Machining And Operating Rate=((Minimum Machining Cost of Each Product/Machining Time)-(Time Proportion of Cutting Edge Engagement*Cost of A Tool/Tool Life))/((Time Proportion of Cutting Edge Engagement*Time to Change One Tool For Minimum Cost/Tool Life)+1)

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Machining and Operating Rate for Minimum Machining Cost Formula

​GoMachining and Operating Rate given Machining Cost Formula

Machining and Operating Rate for Minimum Machining Cost Example

Machining and Operating Rate for Minimum Machining Cost Solution

Machining and Operating Rate for Minimum Machining Cost Formula Elements

Other Formulas to find Minimum Machining And Operating Rate

Other formulas in Machining Cost category

How to Evaluate Machining and Operating Rate for Minimum Machining Cost?

FAQs on Machining and Operating Rate for Minimum Machining Cost

Variable Name

GoMachining and Operating Rate given Machining Cost Formula