Machining Time per component for Minimum Machining Cost Solution

STEP 0: Pre-Calculation Summary
Formula Used
Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate
tmc = Cm1*(1-n)/M
This formula uses 4 Variables
Variables Used
Machining Time for Minimum Cost - (Measured in Second) - Machining Time for Minimum Cost is the time for processing when the workpiece is machined to obtain the minimum cost of Machining.
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.
Taylor's Tool Life Exponent - Taylor's Tool Life Exponent is an experimental exponent that helps in quantifying the rate of Tool Wear.
Machining and Operating Rate - Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
STEP 1: Convert Input(s) to Base Unit
Machining and Operating Cost of Each Product: 4650.5 --> No Conversion Required
Taylor's Tool Life Exponent: 0.032362 --> No Conversion Required
Machining and Operating Rate: 101 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
tmc = Cm1*(1-n)/M --> 4650.5*(1-0.032362)/101
Evaluating ... ...
tmc = 44.5544605841584
STEP 3: Convert Result to Output's Unit
44.5544605841584 Second -->0.742574343069307 Minute (Check conversion here)
FINAL ANSWER
0.742574343069307 0.742574 Minute <-- Machining Time for Minimum Cost
(Calculation completed in 00.004 seconds)

Credits

Created by Kumar Siddhant
Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur
Kumar Siddhant has created this Calculator and 400+ more calculators!
Verified by Parul Keshav
National Institute of Technology (NIT), Srinagar
Parul Keshav has verified this Calculator and 400+ more calculators!

24 Tool and Machining Costs Calculators

Taylor's Exponent for Minimum Machining Cost given Tool Life
Go Taylor's Tool Life Exponent = ((Time to Change One Tool+(Cost of a Tool/Machining and Operating Rate))*Time Proportion of Cutting Edge Engagement)/(Tool Life+((Time to Change One Tool+(Cost of a Tool/Machining and Operating Rate))*Time Proportion of Cutting Edge Engagement))
Machining and Operating Rate given Machining Cost
Go Machining and Operating Rate = ((Machining and Operating Cost of Each Product/Machining Time)-(Time Proportion of Cutting Edge Engagement*Cost of a Tool/Tool Life))/((Time Proportion of Cutting Edge Engagement*Time to Change One Tool/Tool Life)+1)
Tool Changing Time for 1 Tool given Machining Cost
Go Time to Change One Tool = ((Tool Life*((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)/Time Proportion of Cutting Edge Engagement)-Cost of a Tool)/Machining and Operating Rate
Tool Life of One Tool given Machining Cost
Go Tool Life = Time Proportion of Cutting Edge Engagement*(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)/((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)
Cost of 1 Tool given Machining Cost
Go 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)
Time Proportion of Cutting Edge Engagement given Machining Cost
Go Time Proportion of Cutting Edge Engagement = Tool Life*((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)/(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)
Machining Time per component given Machining Cost
Go Machining Time = Machining and Operating Cost of Each Product/(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))
Machining Cost per component
Go 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))
Tool Changing Cost per Tool given Tool Life for Minimum Machining Cost
Go Cost of changing each Tool = (Tool Life*Taylor's Tool Life Exponent*Machining and Operating Rate/(Time Proportion of Cutting Edge Engagement*(1-Taylor's Tool Life Exponent)))-Cost of a Tool
Tool Changing Cost per Tool given Machining Cost
Go Cost of changing each Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)/Time Proportion of Cutting Edge Engagement)-Cost of a Tool
Machining Cost given Tool Changing Cost per Tool
Go 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))
Tool Life of One Tool for Minimum Machining Cost given Tool Changing Cost per Tool
Go Tool Life = Time Proportion of Cutting Edge Engagement*(Cost of changing each Tool+Cost of a Tool)*(1-Taylor's Tool Life Exponent)/(Taylor's Tool Life Exponent*Machining and Operating Rate)
Time Proportion of Cutting Edge Engagement given Tool Life for Minimum Machining Cost
Go Time Proportion of Cutting Edge Engagement = Tool Life*Taylor's Tool Life Exponent/((1-Taylor's Tool Life Exponent)*(Time to Change One Tool+(Cost of a Tool/Machining and Operating Rate)))
Tool Changing Time for 1 Tool given Tool Life for Minimum Machining Cost
Go Time to Change One Tool = (Tool Life*Taylor's Tool Life Exponent/((1-Taylor's Tool Life Exponent)*Time Proportion of Cutting Edge Engagement))-(Cost of a Tool/Machining and Operating Rate)
Machining and Operating Rate given Tool Life for Minimum Machining Cost
Go Machining and Operating Rate = Cost of a Tool/((Tool Life*Taylor's Tool Life Exponent/((1-Taylor's Tool Life Exponent)*Time Proportion of Cutting Edge Engagement))-Time to Change One Tool)
Cost of 1 Tool given Tool Life for Minimum Machining Cost
Go Cost of a Tool = ((Tool Life*Taylor's Tool Life Exponent/((1-Taylor's Tool Life Exponent)*Time Proportion of Cutting Edge Engagement))-Time to Change One Tool)*Machining and Operating Rate
Tool Life of One Tool for Minimum Machining Cost
Go Tool Life = Time Proportion of Cutting Edge Engagement*(Time to Change One Tool+(Cost of a Tool/Machining and Operating Rate))*(1-Taylor's Tool Life Exponent)/Taylor's Tool Life Exponent
Taylor's Exponent for Minimum Machining Cost per component
Go Taylor's Tool Life Exponent = 1-(Machining Time for Minimum Cost*Machining and Operating Rate/Machining and Operating Cost of Each Product)
Machining and Operating Rate for Minimum Machining Cost
Go Machining and Operating Rate = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time for Minimum Cost
Machining Time per component for Minimum Machining Cost
Go Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate
Minimum Cost of Machining per component
Go Machining and Operating Cost of Each Product = Machining and Operating Rate*Machining Time for Minimum Cost/(1-Taylor's Tool Life Exponent)
Cutting Velocity of one product given Constant for Machining Operation
Go Cutting Velocity = Constant For Machining Condition/Machining Time
Constant for Machining Operation of one product given Machining Condition
Go Constant For Machining Condition = Machining Time*Cutting Velocity
Machining Time of one product given Constant for Machining Operation
Go Machining Time = Constant For Machining Condition/Cutting Velocity

Machining Time per component for Minimum Machining Cost Formula

Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate
tmc = Cm1*(1-n)/M

Importance of Production Time

The Production time and its proper estimation are of great help in determining:
1. Manufacturing Costs
2. Machine Work Loads
3. Personel Needs
4. Delivery Time

How to Calculate Machining Time per component for Minimum Machining Cost?

Machining Time per component for Minimum Machining Cost calculator uses Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate to calculate the Machining Time for Minimum Cost, The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component. Machining Time for Minimum Cost is denoted by tmc symbol.

How to calculate Machining Time per component for Minimum Machining Cost using this online calculator? To use this online calculator for Machining Time per component for Minimum Machining Cost, enter Machining and Operating Cost of Each Product (Cm1), Taylor's Tool Life Exponent (n) & Machining and Operating Rate (M) and hit the calculate button. Here is how the Machining Time per component for Minimum Machining Cost calculation can be explained with given input values -> 0.012376 = 4650.5*(1-0.032362)/101.

FAQ

What is Machining Time per component for Minimum Machining Cost?
The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component and is represented as tmc = Cm1*(1-n)/M or Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate. Machining and Operating Cost of Each Product is the total amount of money required to machine a single product, Taylor's Tool Life Exponent is an experimental exponent that helps in quantifying the rate of Tool Wear & Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
How to calculate Machining Time per component for Minimum Machining Cost?
The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component is calculated using Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate. To calculate Machining Time per component for Minimum Machining Cost, you need Machining and Operating Cost of Each Product (Cm1), Taylor's Tool Life Exponent (n) & Machining and Operating Rate (M). With our tool, you need to enter the respective value for Machining and Operating Cost of Each Product, Taylor's Tool Life Exponent & Machining and Operating Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
Let Others Know
Facebook
Twitter
Reddit
LinkedIn
Email
WhatsApp
Copied!