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Relative Material Cost Ratio Formula

GoMaterial Cost Ratio Formula

GoRelative Cost given Yield Stress Formula

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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 = (\frac{F y1}{F y2}) \cdot (\frac{P 2}{P 1})

C2_/C1 - Relative Cost?F_y1 - Yield Stress 1?F_y2 - Yield Stress 2?P₂ - Material Cost p2?P₁ - Material Cost p1?

Relative Material Cost Ratio Example

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Here is how the Relative Material Cost Ratio equation looks like with Values.

Here is how the Relative Material Cost Ratio equation looks like with Units.

Here is how the Relative Material Cost Ratio equation looks like.

0.8 = (\frac{104}{125}) \cdot (\frac{25}{26})

0.8 = (\frac{104N/m²}{125N/m²}) \cdot (\frac{25}{26})

0.8 = (\frac{104}{125}) \cdot (\frac{25}{26})

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Relative Material Cost Ratio Solution

Follow our step by step solution on how to calculate Relative Material Cost Ratio?

FIRST Step Consider the formula

C2 /C1 = (\frac{F y1}{F y2}) \cdot (\frac{P 2}{P 1})

Next Step Substitute values of Variables

∴

C2 /C1 = (\frac{104N/m²}{125N/m²}) \cdot (\frac{25}{26})

Next Step Convert Units

∴

C2 /C1 = (\frac{104Pa}{125Pa}) \cdot (\frac{25}{26})

Next Step Prepare to Evaluate

∴

C2 /C1 = (\frac{104}{125}) \cdot (\frac{25}{26})

LAST Step Evaluate

∴

C2 /C1 = 0.8

Relative Material Cost Ratio 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.

Formulas to find Relative Cost

Yield Stress 1

Yield Stress 1 is a crucial material property that marks the transition from elastic behavior to plastic behavior.

Symbol: F_y1

Measurement: PressureUnit: N/m²

Note: Value can be positive or negative.

Formulas to find Yield Stress 1

Yield Stress 2

Yield Stress 2 is a crucial material property that marks the transition from elastic behavior to plastic behavior.

Symbol: F_y2

Measurement: PressureUnit: N/m²

Note: Value can be positive or negative.

Formulas to find Yield Stress 2

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.

Formulas to find Material Cost p2

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.

Formulas to find Material Cost p1

Other Formulas to find Relative Cost

Go Material Cost Ratio

C2 /C1 = (\frac{A 2}{A 1}) \cdot (\frac{P 2}{P 1})

Go Relative Cost given Yield Stress

C2 /C1 = (\frac{P 2}{P 1}) \cdot {(\frac{F y1}{F y2})}^{\frac{2}{3}}

Go Relative Cost for Designing Fabricated Plate Girders

C2 /C1 = (\frac{P 2}{P 1}) \cdot {(\frac{F y1}{F y2})}^{\frac{1}{2}}

Other formulas in Economical Structural Steel category

Go Cross-Sectional Area1 given Material Cost Ratio

A 1 = \frac{A 2 \cdot P 2}{C2 /C1 \cdot P 1}

Go Cross-Sectional Area2 given Material Cost Ratio

A 2 = \frac{C2 /C1 \cdot A 1 \cdot P 1}{P 2}

Go Material Price p1 given Material Cost Ratio

P 1 = \frac{A 2 \cdot P 2}{C2 /C1 \cdot A 1}

Go Material Price p2 given Material Cost Ratio

P 2 = \frac{C2 /C1 \cdot P 1 \cdot A 1}{A 2}

How to Evaluate Relative Material Cost Ratio?

Relative Material Cost Ratio evaluator uses Relative Cost = (Yield Stress 1/Yield Stress 2)*(Material Cost p2/Material Cost p1) to evaluate the Relative Cost, The Relative Material Cost Ratio formula is defined as the relative material cost when members are designed to carry the same load at a stress that is a fixed percentage of the yield point, then cross-sectional areas are inversely proportional to the yield stresses. Relative Cost is denoted by C2_/C1 symbol.

How to evaluate Relative Material Cost Ratio using this online evaluator? To use this online evaluator for Relative Material Cost Ratio, enter Yield Stress 1 (F_y1), Yield Stress 2 (F_y2), Material Cost p2 (P₂) & Material Cost p1 (P₁) and hit the calculate button.

FAQs on Relative Material Cost Ratio

What is the formula to find Relative Material Cost Ratio?

The formula of Relative Material Cost Ratio is expressed as Relative Cost = (Yield Stress 1/Yield Stress 2)*(Material Cost p2/Material Cost p1). Here is an example- 0.8 = (104/125)*(25/26).

How to calculate Relative Material Cost Ratio?

With Yield Stress 1 (F_y1), Yield Stress 2 (F_y2), Material Cost p2 (P₂) & Material Cost p1 (P₁) we can find Relative Material Cost Ratio using the formula - Relative Cost = (Yield Stress 1/Yield Stress 2)*(Material Cost p2/Material Cost p1).

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)
Relative Cost=(Material Cost p2/Material Cost p1)*(Yield Stress 1/Yield Stress 2)^(2/3)
Relative Cost=(Material Cost p2/Material Cost p1)*(Yield Stress 1/Yield Stress 2)^(1/2)

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Relative Material Cost Ratio Formula

​GoMaterial Cost Ratio Formula

​GoRelative Cost given Yield Stress Formula

Relative Material Cost Ratio Example

Relative Material Cost Ratio Solution

Relative Material Cost Ratio Formula Elements

Other Formulas to find Relative Cost

Other formulas in Economical Structural Steel category

How to Evaluate Relative Material Cost Ratio?

FAQs on Relative Material Cost Ratio

Variable Name

GoMaterial Cost Ratio Formula

GoRelative Cost given Yield Stress Formula