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Minimum Cost of Machining per component Formula

GoMachining Cost given Tool Changing Cost per Tool Formula

GoMachining Cost per component Formula

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Machining And Operating Cost of Each Product is the total amount of money required to machine a single product. Check FAQs

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

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

Minimum Cost of Machining per component Example

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Here is how the Minimum Cost of Machining per component equation looks like with Values.

Here is how the Minimum Cost of Machining per component equation looks like with Units.

Here is how the Minimum Cost of Machining per component equation looks like.

4650.5041 = 101 \cdot \frac{44.5545}{1 - 0.0324}

4650.5041 = 101 \cdot \frac{44.5545s}{1 - 0.0324}

4650.5041 = 101 \cdot \frac{44.5545}{1 - 0.0324}

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Minimum Cost of Machining per component Solution

Follow our step by step solution on how to calculate Minimum Cost of Machining per component?

FIRST Step Consider the formula

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

Next Step Substitute values of Variables

∴

C m = 101 \cdot \frac{44.5545s}{1 - 0.0324}

Next Step Prepare to Evaluate

∴

C m = 101 \cdot \frac{44.5545}{1 - 0.0324}

Next Step Evaluate

∴

C m = 4650.50411414186

LAST Step Rounding Answer

∴

C m = 4650.5041

Minimum Cost of Machining per component Formula Elements

Variables

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 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

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: s

Note: Value should be greater than 0.

Formulas to find Machining Time For Minimum Cost

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

Other Formulas to find Machining And Operating Cost of Each Product

Go Machining Cost given Tool Changing Cost per Tool

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

Go Machining Cost per component

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

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}

Go Tool Changing Time for 1 Tool given Machining Cost

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

Go Cost of 1 Tool given Machining Cost

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

How to Evaluate Minimum Cost of Machining per component?

Minimum Cost of Machining per component evaluator uses Machining And Operating Cost of Each Product = Machining And Operating Rate*Machining Time For Minimum Cost/(1-Taylor's Tool Life Exponent) to evaluate the Machining And Operating Cost of Each Product, The Minimum Cost of Machining per component is defined as the minimum capital that must be invested for machining and operating processes to be afforded on a single product. Machining And Operating Cost of Each Product is denoted by C_m symbol.

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

FAQs on Minimum Cost of Machining per component

What is the formula to find Minimum Cost of Machining per component?

The formula of Minimum Cost of Machining per component is expressed as Machining And Operating Cost of Each Product = Machining And Operating Rate*Machining Time For Minimum Cost/(1-Taylor's Tool Life Exponent). Here is an example- 4650.504 = 101*44.5545/(1-0.032362).

How to calculate Minimum Cost of Machining per component?

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

What are the other ways to Calculate Machining And Operating Cost of Each Product?

Here are the different ways to Calculate Machining And Operating Cost of Each Product-

Machining And Operating Cost of Each Product=Machining Time*(Machining And Operating Rate+(Time Proportion of Cutting Edge Engagement*(Cost of Changing Each Tool+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+Cost of A Tool)/Tool Life))

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: Unit

Minimum Cost of Machining per component Formula

​GoMachining Cost given Tool Changing Cost per Tool Formula

​GoMachining Cost per component Formula

Minimum Cost of Machining per component Example

Minimum Cost of Machining per component Solution

Minimum Cost of Machining per component Formula Elements

Other Formulas to find Machining And Operating Cost of Each Product

Other formulas in Tool Cost category

How to Evaluate Minimum Cost of Machining per component?

FAQs on Minimum Cost of Machining per component

Variable Name

GoMachining Cost given Tool Changing Cost per Tool Formula

GoMachining Cost per component Formula