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Production Cost of Each Component is the total amount that it takes to produce a single component from scratch. Check FAQs
Cp=M(NPT+KV)+(KLrefVref1n)(Mtc+Ct)(V1-nn)
Cp - Production Cost of Each Component?M - Machining And Operating Rate?NPT - Non-Productive Time?K - Constant For Machining Condition?V - Cutting Velocity?Lref - Reference Tool Life?Vref - Reference Cutting Velocity?n - Taylors Tool Life Exponent?tc - Time to Change One Tool?Ct - Cost of A Tool?

Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation Example

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With units
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Here is how the Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation equation looks like with Values.

Here is how the Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation equation looks like with Units.

Here is how the Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation equation looks like.

5.6553Edit=0.0028Edit(20Edit+203.0681Edit0.28Edit)+(203.0681Edit2Edit0.76Edit10.125Edit)(0.0028Edit5Edit+100Edit)(0.28Edit1-0.125Edit0.125Edit)
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Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation Solution

Follow our step by step solution on how to calculate Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation?

FIRST Step Consider the formula
Cp=M(NPT+KV)+(KLrefVref1n)(Mtc+Ct)(V1-nn)
Next Step Substitute values of Variables
Cp=0.0028(20min+203.0681m0.28m/s)+(203.0681m2min0.76m/s10.125)(0.00285min+100)(0.28m/s1-0.1250.125)
Next Step Convert Units
Cp=0.0028(1200s+203.0681m0.28m/s)+(203.0681m120s0.76m/s10.125)(0.0028300s+100)(0.28m/s1-0.1250.125)
Next Step Prepare to Evaluate
Cp=0.0028(1200+203.06810.28)+(203.06811200.7610.125)(0.0028300+100)(0.281-0.1250.125)
Next Step Evaluate
Cp=5.65532355031639
LAST Step Rounding Answer
Cp=5.6553

Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation Formula Elements

Variables
Production Cost of Each Component
Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.
Symbol: Cp
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
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.
Non-Productive Time
Non-Productive Time is the total time wasted in setting up the machine or workpiece for a particular process.
Symbol: NPT
Measurement: TimeUnit: min
Note: Value should be greater than 0.
Constant For Machining Condition
Constant For Machining Condition can be regarded as the distance moved by the tool corner relative to the workpiece during a particular machining condition. It is usually measured in Metre.
Symbol: K
Measurement: LengthUnit: m
Note: Value should be greater than 0.
Cutting Velocity
The Cutting Velocity is the tangential velocity at the periphery of the cutter or workpiece (whichever is rotating).
Symbol: V
Measurement: SpeedUnit: m/s
Note: Value should be greater than 0.
Reference Tool Life
Reference Tool Life is the tool life of the tool obtained in the reference machining condition.
Symbol: Lref
Measurement: TimeUnit: min
Note: Value should be greater than 0.
Reference Cutting Velocity
Reference Cutting Velocity is the cutting velocity of the tool used in the reference machining condition.
Symbol: Vref
Measurement: SpeedUnit: m/s
Note: Value should be greater than 0.
Taylors Tool Life Exponent
Taylors 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 between 0 to 1.
Time to Change One Tool
Time to Change One Tool is the measure of time it takes to change one tool during machining.
Symbol: tc
Measurement: TimeUnit: min
Note: Value should be greater than 0.
Cost of A Tool
The Cost of A Tool is simply the cost of one tool being used for machining.
Symbol: Ct
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.

Other Formulas to find Production Cost of Each Component

​Go Production Cost per Component for Constant-Speed-Rough-Machining given Tool Changing Cost
Cp=M(NPT+KV)+(KLrefVref1n)(Cct+Ct)(V1-nn)

Other formulas in Production Cost per Component category

​Go Nonproductive Time given Production Cost per Component
ts=Cp-((MKV)+(K((VVref)1n)Mtc+CtLrefV))M
​Go Machining and Operating Rate given Production Cost per Component
M=Cp-((KLrefVref1n)(Ct)(V1-nn))NPT+KV+(KLrefVref1n)tc(V1-nn)

How to Evaluate Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation?

Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation evaluator uses Production Cost of Each Component = Machining And Operating Rate*(Non-Productive Time+Constant For Machining Condition/Cutting Velocity)+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Machining And Operating Rate*Time to Change One Tool+Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent)) to evaluate the Production Cost of Each Component, The Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation is defined as the total cost of producing a single component from scratch including all necessary operations and processes. Production Cost of Each Component is denoted by Cp symbol.

How to evaluate Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation using this online evaluator? To use this online evaluator for Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation, enter Machining And Operating Rate (M), Non-Productive Time (NPT), Constant For Machining Condition (K), Cutting Velocity (V), Reference Tool Life (Lref), Reference Cutting Velocity (Vref), Taylors Tool Life Exponent (n), Time to Change One Tool (tc) & Cost of A Tool (Ct) and hit the calculate button.

FAQs on Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation

What is the formula to find Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation?
The formula of Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation is expressed as Production Cost of Each Component = Machining And Operating Rate*(Non-Productive Time+Constant For Machining Condition/Cutting Velocity)+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Machining And Operating Rate*Time to Change One Tool+Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent)). Here is an example- 5.655324 = 0.00283*(1200+203.0681/0.28)+(203.0681/(120*0.76^(1/0.125)))*(0.00283*300+100)*(0.28^((1-0.125)/0.125)).
How to calculate Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation?
With Machining And Operating Rate (M), Non-Productive Time (NPT), Constant For Machining Condition (K), Cutting Velocity (V), Reference Tool Life (Lref), Reference Cutting Velocity (Vref), Taylors Tool Life Exponent (n), Time to Change One Tool (tc) & Cost of A Tool (Ct) we can find Production Cost per Component in Constant-Cutting-Speed, Rough-Machining Operation using the formula - Production Cost of Each Component = Machining And Operating Rate*(Non-Productive Time+Constant For Machining Condition/Cutting Velocity)+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Machining And Operating Rate*Time to Change One Tool+Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent)).
What are the other ways to Calculate Production Cost of Each Component?
Here are the different ways to Calculate Production Cost of Each Component-
  • Production Cost of Each Component=Machining And Operating Rate*(Non-Productive Time+Constant For Machining Condition/Cutting Velocity)+(Constant For Machining Condition/(Reference Tool Life*Reference Cutting Velocity^(1/Taylors Tool Life Exponent)))*(Cost of Changing Each Tool+Cost of A Tool)*(Cutting Velocity^((1-Taylors Tool Life Exponent)/Taylors Tool Life Exponent))OpenImg
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