Cost of Insert given Tool Costs for Disposable-Insert Tool Calculator

✖Average Number of Cutting Edges used per Insert is the supposed count of cutting edges that engaged during insertion into the holder.ⓘ Average Number of Cutting Edges Used Per Insert [CE_avg]			+10% -10%
✖Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.ⓘ Tool Cost [TC]			+10% -10%
✖Cost of the Holder is the amount required to get a new holder for a tool.ⓘ Cost of The Holder [C_h]			+10% -10%
✖Cutting Edges used during Life of Holder is the total number of Cutting Edges engaged with the holder until it wears off beyond use.ⓘ Cutting Edges Used During Life of Holder [CE_hl]			+10% -10%

✖Cost of Insert is the amount spent on inserting a tool in its specified holder.ⓘ Cost of Insert given Tool Costs for Disposable-Insert Tool [C_i]

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Formula

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Cost of Insert given Tool Costs for Disposable-Insert Tool

Formula

`"C"_{"i"} = "CE"_{"avg"}*("TC"-("C"_{"h"}/"CE"_{"hl"}))`

Example

`"900"="10"*("200"-("12100"/"110"))`

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Cost of Insert given Tool Costs for Disposable-Insert Tool Solution

STEP 0: Pre-Calculation Summary

Formula Used

Cost of Insert = Average Number of Cutting Edges Used Per Insert*(Tool Cost-(Cost of The Holder/Cutting Edges Used During Life of Holder))
C_i = CE_avg*(TC-(C_h/CE_hl))
This formula uses 5 Variables

Variables Used

Cost of Insert - Cost of Insert is the amount spent on inserting a tool in its specified holder.
Average Number of Cutting Edges Used Per Insert - Average Number of Cutting Edges used per Insert is the supposed count of cutting edges that engaged during insertion into the holder.
Tool Cost - Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.
Cost of The Holder - Cost of the Holder is the amount required to get a new holder for a tool.
Cutting Edges Used During Life of Holder - Cutting Edges used during Life of Holder is the total number of Cutting Edges engaged with the holder until it wears off beyond use.

STEP 1: Convert Input(s) to Base Unit

Average Number of Cutting Edges Used Per Insert: 10 --> No Conversion Required
Tool Cost: 200 --> No Conversion Required
Cost of The Holder: 12100 --> No Conversion Required
Cutting Edges Used During Life of Holder: 110 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_i = CE_avg*(TC-(C_h/CE_hl)) --> 10*(200-(12100/110))

Evaluating ... ...

C_i = 900

STEP 3: Convert Result to Output's Unit

900 --> No Conversion Required

FINAL ANSWER

900 <-- Cost of Insert

(Calculation completed in 00.004 seconds)

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Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

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National Institute of Technology (NIT), Srinagar

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< 14 Estimation Cost Calculators

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Machine Overhead Percentage given Machining and Operating Rate

Go Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100

Operator's Wage Rate given Machining and Operating Rate

Go Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage)

Machining and Operating Rate

Go Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100)

Cutting Edges used during Life of Holder given Estimated Tool Costs

Go Cutting Edges used during Life of Holder = Cost of the Holder/(Tool Cost-(Cost of Insert/Average Number of Cutting Edges used per Insert))

Average Cutting Edges used per insert given Estimated Tool Costs

Go Average Number of Cutting Edges used per Insert = Cost of Insert/(Tool Cost-(Cost of the Holder/Cutting Edges used during Life of Holder))

Cost of Insert given Tool Costs for Disposable-Insert Tool

Go Cost of Insert = Average Number of Cutting Edges Used Per Insert*(Tool Cost-(Cost of The Holder/Cutting Edges Used During Life of Holder))

Cost of Holder given Tool Costs for Disposable-Insert Tool

Go Cost of The Holder = Cutting Edges Used During Life of Holder*(Tool Cost-(Cost of Insert/Average Number of Cutting Edges Used Per Insert))

Estimated Tool Costs for Disposable-Insert Tool

Go Tool Cost = (Cost of Insert/Average Number of Cutting Edges Used Per Insert)+(Cost of The Holder/Cutting Edges Used During Life of Holder)

Initial Cost of Machine given Depreciation Rate

Go Initial Cost of the Machine = Amortization Period*Number of Working Hours Per Year*Depreciation Rate

Average Number of Regrinds Possible, given Estimated Tool Costs

Go Average Number of Regrinds Possible = Cost of a Tool/(Tool Cost-Cost of Grinding)

Cost of Re-grindable Tool given Estimated Tool Costs

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Cost of Grinding given Estimated Tool Costs

Go Cost of Grinding = Tool Cost-(Cost of a Tool/Average Number of Regrinds Possible)

Estimated Tool Costs for Re-grindable Tool

Go Tool Cost = Cost of Grinding+(Cost of a Tool/Average Number of Regrinds Possible)

Cost of Insert given Tool Costs for Disposable-Insert Tool Formula

Cost of Insert = Average Number of Cutting Edges Used Per Insert*(Tool Cost-(Cost of The Holder/Cutting Edges Used During Life of Holder))
C_i = CE_avg*(TC-(C_h/CE_hl))

What are tool inserts?

Inserts are removable cutting tips, which means they are not brazed or welded to the tool body. They are usually indexable, meaning that they can be exchanged, and often also rotated or flipped, without disturbing the overall geometry of the tool.

How to Calculate Cost of Insert given Tool Costs for Disposable-Insert Tool?

Cost of Insert given Tool Costs for Disposable-Insert Tool calculator uses Cost of Insert = Average Number of Cutting Edges Used Per Insert*(Tool Cost-(Cost of The Holder/Cutting Edges Used During Life of Holder)) to calculate the Cost of Insert, The Cost of Insert given Tool Costs for Disposable-Insert Tool is a method of determining the maximum amount to be spent on insertion of the tool in its holder when there is a bound on the total available cost of tools. Cost of Insert is denoted by C_i symbol.

How to calculate Cost of Insert given Tool Costs for Disposable-Insert Tool using this online calculator? To use this online calculator for Cost of Insert given Tool Costs for Disposable-Insert Tool, enter Average Number of Cutting Edges Used Per Insert (CE_avg), Tool Cost (TC), Cost of The Holder (C_h) & Cutting Edges Used During Life of Holder (CE_hl) and hit the calculate button. Here is how the Cost of Insert given Tool Costs for Disposable-Insert Tool calculation can be explained with given input values -> 1818.182 = 10*(200-(12100/110)).

FAQ

What is Cost of Insert given Tool Costs for Disposable-Insert Tool?

The Cost of Insert given Tool Costs for Disposable-Insert Tool is a method of determining the maximum amount to be spent on insertion of the tool in its holder when there is a bound on the total available cost of tools and is represented as C_i = CE_avg*(TC-(C_h/CE_hl)) or Cost of Insert = Average Number of Cutting Edges Used Per Insert*(Tool Cost-(Cost of The Holder/Cutting Edges Used During Life of Holder)). Average Number of Cutting Edges used per Insert is the supposed count of cutting edges that engaged during insertion into the holder, Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools, Cost of the Holder is the amount required to get a new holder for a tool & Cutting Edges used during Life of Holder is the total number of Cutting Edges engaged with the holder until it wears off beyond use.

How to calculate Cost of Insert given Tool Costs for Disposable-Insert Tool?

The Cost of Insert given Tool Costs for Disposable-Insert Tool is a method of determining the maximum amount to be spent on insertion of the tool in its holder when there is a bound on the total available cost of tools is calculated using Cost of Insert = Average Number of Cutting Edges Used Per Insert*(Tool Cost-(Cost of The Holder/Cutting Edges Used During Life of Holder)). To calculate Cost of Insert given Tool Costs for Disposable-Insert Tool, you need Average Number of Cutting Edges Used Per Insert (CE_avg), Tool Cost (TC), Cost of The Holder (C_h) & Cutting Edges Used During Life of Holder (CE_hl). With our tool, you need to enter the respective value for Average Number of Cutting Edges Used Per Insert, Tool Cost, Cost of The Holder & Cutting Edges Used During Life of Holder and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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