How to Calculate Batch Size given Average Production Cost?
Batch Size given Average Production Cost calculator uses Batch Size = Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool)/(Production Cost of Each Component-(Cost of a Tool*(Setup Time+Machining Time))) to calculate the Batch Size, The Batch Size given Average Production Cost is a method to determine the maximum that component that can be produced in a batch when the maximum allowed expense on one component is given. Batch Size is denoted by Nb symbol.
How to calculate Batch Size given Average Production Cost using this online calculator? To use this online calculator for Batch Size given Average Production Cost, enter Number of Tools Used (Nt), Cost of a Tool (Ct), Time to Change One Tool (tc), Production Cost of Each Component (Cpr), Setup Time (ts) & Machining Time (tm) and hit the calculate button. Here is how the Batch Size given Average Production Cost calculation can be explained with given input values -> 1.44186 = 3*((80*30)+80)/(15000-(80*(54+69))).