FormulaDen.com

Physics Chemistry Math Chemical Engineering Civil Electrical Electronics Electronics and Instrumentation Materials Science Mechanical Production Engineering Financial Health

Tool Changing Time for Each Tool given Average Production Cost Formula

Fx Copy

LaTeX Copy

Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one. Check FAQs

t c = \frac{N b \cdot (C pr - C t \cdot (t s + t m)) - N t \cdot C t}{C t \cdot N t}

t_c - Time to Change One Tool?N_b - Batch Size?C_pr - Production Cost of Each Component?C_t - Cost of a Tool?t_s - Setup Time?t_m - Machining Time?N_t - Number of Tools Used?

Tool Changing Time for Each Tool given Average Production Cost Example

With values

With units

Only example

Here is how the Tool Changing Time for Each Tool given Average Production Cost equation looks like with Values.

Here is how the Tool Changing Time for Each Tool given Average Production Cost equation looks like with Units.

Here is how the Tool Changing Time for Each Tool given Average Production Cost equation looks like.

0.5 = \frac{2 \cdot (11400 - 80 \cdot (0.45 + 1.15)) - 3 \cdot 80}{80 \cdot 3}

0.5min = \frac{2 \cdot (11400 - 80 \cdot (0.45min + 1.15min)) - 3 \cdot 80}{80 \cdot 3}

0.5 = \frac{2 \cdot (11400 - 80 \cdot (0.45 + 1.15)) - 3 \cdot 80}{80 \cdot 3}

Tip: Use pencil ( Pencil

) icon above to edit Input Values and Units.

Calculate

Recalculate

Solution

Copy

Reset

You are here -

Home » Category

Engineering » Category

Production Engineering » Category

Metal Machining » fx Tool Changing Time for Each Tool given Average Production Cost

Tool Changing Time for Each Tool given Average Production Cost Solution

Follow our step by step solution on how to calculate Tool Changing Time for Each Tool given Average Production Cost?

FIRST Step Consider the formula

t c = \frac{N b \cdot (C pr - C t \cdot (t s + t m)) - N t \cdot C t}{C t \cdot N t}

Next Step Substitute values of Variables

∴

t c = \frac{2 \cdot (11400 - 80 \cdot (0.45min + 1.15min)) - 3 \cdot 80}{80 \cdot 3}

Next Step Convert Units

∴

t c = \frac{2 \cdot (11400 - 80 \cdot (27s + 69s)) - 3 \cdot 80}{80 \cdot 3}

Next Step Prepare to Evaluate

∴

t c = \frac{2 \cdot (11400 - 80 \cdot (27 + 69)) - 3 \cdot 80}{80 \cdot 3}

Next Step Evaluate

∴

t c = 30s

LAST Step Convert to Output's Unit

∴

t c = 0.5min

Tool Changing Time for Each Tool given Average Production Cost Formula Elements

Variables

Time to Change One Tool

Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one.

Symbol: t_c

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Time to Change One Tool

Batch Size

Batch size refers to the number of identical parts produced in a single production run or cycle.

Symbol: N_b

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Batch Size

Production Cost of Each Component

Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.

Symbol: C_pr

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Production Cost of Each Component

Cost of a Tool

Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs.

Symbol: C_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of a Tool

Setup Time

Setup Time of each component is the time required to load/unload the workpiece and position the tool for production for one component.

Symbol: t_s

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Setup Time

Machining Time

Machining time refers to the total time required to complete a specific machining operation on a workpiece.

Symbol: t_m

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Machining Time

Number of Tools Used

The Number of Tools Used is the total number of tools used for manufacturing a batch of products.

Symbol: N_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Number of Tools Used

Other formulas in Average Production Cost category

Go Number of Tools used given Average Production Cost

N t = N b \cdot \frac{C pr - C t \cdot (t s + t m)}{C t \cdot t c + C t}

Go Number of Tools used given Average Production Time

N t = N b \cdot \frac{t p - (t s + t m)}{t c}

How to Evaluate Tool Changing Time for Each Tool given Average Production Cost?

Tool Changing Time for Each Tool given Average Production Cost evaluator uses Time to Change One Tool = (Batch Size*(Production Cost of Each Component-Cost of a Tool*(Setup Time+Machining Time))-Number of Tools Used*Cost of a Tool)/(Cost of a Tool*Number of Tools Used) to evaluate the Time to Change One Tool, Tool Changing Time for Each Tool given Average Production Cost refers to the duration required to replace a tool in a machine during the manufacturing process. This includes the time taken to stop the machine, remove the old tool, install the new tool, calibrate or set up the machine for the new tool, and perform any necessary quality checks to ensure the machine is ready for production. Time to Change One Tool is denoted by t_c symbol.

How to evaluate Tool Changing Time for Each Tool given Average Production Cost using this online evaluator? To use this online evaluator for Tool Changing Time for Each Tool given Average Production Cost, enter Batch Size (N_b), Production Cost of Each Component (C_pr), Cost of a Tool (C_t), Setup Time (t_s), Machining Time (t_m) & Number of Tools Used (N_t) and hit the calculate button.

FAQs on Tool Changing Time for Each Tool given Average Production Cost

What is the formula to find Tool Changing Time for Each Tool given Average Production Cost?

The formula of Tool Changing Time for Each Tool given Average Production Cost is expressed as Time to Change One Tool = (Batch Size*(Production Cost of Each Component-Cost of a Tool*(Setup Time+Machining Time))-Number of Tools Used*Cost of a Tool)/(Cost of a Tool*Number of Tools Used). Here is an example- 0.008333 = (2*(11400-80*(27+69))-3*80)/(80*3).

How to calculate Tool Changing Time for Each Tool given Average Production Cost?

With Batch Size (N_b), Production Cost of Each Component (C_pr), Cost of a Tool (C_t), Setup Time (t_s), Machining Time (t_m) & Number of Tools Used (N_t) we can find Tool Changing Time for Each Tool given Average Production Cost using the formula - Time to Change One Tool = (Batch Size*(Production Cost of Each Component-Cost of a Tool*(Setup Time+Machining Time))-Number of Tools Used*Cost of a Tool)/(Cost of a Tool*Number of Tools Used).

Can the Tool Changing Time for Each Tool given Average Production Cost be negative?

No, the Tool Changing Time for Each Tool given Average Production Cost, measured in Time cannot be negative.

Which unit is used to measure Tool Changing Time for Each Tool given Average Production Cost?

Tool Changing Time for Each Tool given Average Production Cost is usually measured using the Minute[min] for Time. Second[min], Millisecond[min], Microsecond[min] are the few other units in which Tool Changing Time for Each Tool given Average Production Cost can be measured.

Let Others Know

✖

Facebook

Twitter

Copied!

Tool Changing Time for Each Tool given Average Production Cost Formula

Tool Changing Time for Each Tool given Average Production Cost Example

Tool Changing Time for Each Tool given Average Production Cost Solution

Tool Changing Time for Each Tool given Average Production Cost Formula Elements

Other formulas in Average Production Cost category

How to Evaluate Tool Changing Time for Each Tool given Average Production Cost?

FAQs on Tool Changing Time for Each Tool given Average Production Cost

Variable Name