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Relative Cost is the cost of a good or service in relation to the prices of other goods and services. Check FAQs
C2/C1=(P2P1)(Fy1Fy2)12
C2/C1 - Relative Cost?P2 - Material Cost p2?P1 - Material Cost p1?Fy1 - Yield Stress 1?Fy2 - Yield Stress 2?

Relative Cost for Designing Fabricated Plate Girders Example

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With units
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Here is how the Relative Cost for Designing Fabricated Plate Girders equation looks like with Values.

Here is how the Relative Cost for Designing Fabricated Plate Girders equation looks like with Units.

Here is how the Relative Cost for Designing Fabricated Plate Girders equation looks like.

0.8771Edit=(25Edit26Edit)(104Edit125Edit)12
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Relative Cost for Designing Fabricated Plate Girders Solution

Follow our step by step solution on how to calculate Relative Cost for Designing Fabricated Plate Girders?

FIRST Step Consider the formula
C2/C1=(P2P1)(Fy1Fy2)12
Next Step Substitute values of Variables
C2/C1=(2526)(104N/m²125N/m²)12
Next Step Convert Units
C2/C1=(2526)(104Pa125Pa)12
Next Step Prepare to Evaluate
C2/C1=(2526)(104125)12
Next Step Evaluate
C2/C1=0.877058019307029
LAST Step Rounding Answer
C2/C1=0.8771

Relative Cost for Designing Fabricated Plate Girders Formula Elements

Variables
Relative Cost
Relative Cost is the cost of a good or service in relation to the prices of other goods and services.
Symbol: C2/C1
Measurement: NAUnit: Unitless
Note: Value can be positive or negative.
Material Cost p2
Material Cost p2 is the material price per unit weight. It is the cost of materials used to manufacture a product or provide a service.
Symbol: P2
Measurement: NAUnit: Unitless
Note: Value can be positive or negative.
Material Cost p1
Material Cost p1 is the material price per unit weight. It is the cost of materials used to manufacture a product or provide a service.
Symbol: P1
Measurement: NAUnit: Unitless
Note: Value can be positive or negative.
Yield Stress 1
Yield Stress 1 is a crucial material property that marks the transition from elastic behavior to plastic behavior.
Symbol: Fy1
Measurement: PressureUnit: N/m²
Note: Value can be positive or negative.
Yield Stress 2
Yield Stress 2 is a crucial material property that marks the transition from elastic behavior to plastic behavior.
Symbol: Fy2
Measurement: PressureUnit: N/m²
Note: Value can be positive or negative.

Other Formulas to find Relative Cost

​Go Material Cost Ratio
C2/C1=(A2A1)(P2P1)
​Go Relative Material Cost Ratio
C2/C1=(Fy1Fy2)(P2P1)
​Go Relative Cost given Yield Stress
C2/C1=(P2P1)(Fy1Fy2)23

Other formulas in Economical Structural Steel category

​Go Cross-Sectional Area1 given Material Cost Ratio
A1=A2P2C2/C1P1
​Go Cross-Sectional Area2 given Material Cost Ratio
A2=C2/C1A1P1P2
​Go Material Price p1 given Material Cost Ratio
P1=A2P2C2/C1A1
​Go Material Price p2 given Material Cost Ratio
P2=C2/C1P1A1A2

How to Evaluate Relative Cost for Designing Fabricated Plate Girders?

Relative Cost for Designing Fabricated Plate Girders evaluator uses Relative Cost = (Material Cost p2/Material Cost p1)*(Yield Stress 1/Yield Stress 2)^(1/2) to evaluate the Relative Cost, The Relative Cost for Designing Fabricated Plate Girders formula is defined as price of a commodity such as a good or service in the ratio of two prices. Relative Cost is denoted by C2/C1 symbol.

How to evaluate Relative Cost for Designing Fabricated Plate Girders using this online evaluator? To use this online evaluator for Relative Cost for Designing Fabricated Plate Girders, enter Material Cost p2 (P2), Material Cost p1 (P1), Yield Stress 1 (Fy1) & Yield Stress 2 (Fy2) and hit the calculate button.

FAQs on Relative Cost for Designing Fabricated Plate Girders

What is the formula to find Relative Cost for Designing Fabricated Plate Girders?
The formula of Relative Cost for Designing Fabricated Plate Girders is expressed as Relative Cost = (Material Cost p2/Material Cost p1)*(Yield Stress 1/Yield Stress 2)^(1/2). Here is an example- 0.877058 = (25/26)*(104/125)^(1/2).
How to calculate Relative Cost for Designing Fabricated Plate Girders?
With Material Cost p2 (P2), Material Cost p1 (P1), Yield Stress 1 (Fy1) & Yield Stress 2 (Fy2) we can find Relative Cost for Designing Fabricated Plate Girders using the formula - Relative Cost = (Material Cost p2/Material Cost p1)*(Yield Stress 1/Yield Stress 2)^(1/2).
What are the other ways to Calculate Relative Cost?
Here are the different ways to Calculate Relative Cost-
  • Relative Cost=(Cross-Sectional Area of Material 2/Cross-Sectional Area of Material 1)*(Material Cost p2/Material Cost p1)OpenImg
  • Relative Cost=(Yield Stress 1/Yield Stress 2)*(Material Cost p2/Material Cost p1)OpenImg
  • Relative Cost=(Material Cost p2/Material Cost p1)*(Yield Stress 1/Yield Stress 2)^(2/3)OpenImg
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