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))
Ci = CEavg*(TC-(Ch/CEhl))
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: 2000 --> No Conversion Required
Cutting Edges used during Life of Holder: 110 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
Ci = CEavg*(TC-(Ch/CEhl)) --> 10*(200-(2000/110))
Evaluating ... ...
Ci = 1818.18181818182
STEP 3: Convert Result to Output's Unit
1818.18181818182 --> No Conversion Required
FINAL ANSWER
1818.18181818182 1818.182 <-- Cost of Insert
(Calculation completed in 00.020 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
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7 Cost Calculators

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))
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))
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
Cost of Re-grindable Tool given Estimated Tool Costs
Go Cost of a Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible
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))
Ci = CEavg*(TC-(Ch/CEhl))

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 Ci 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 (CEavg), Tool Cost (TC), Cost of the Holder (Ch) & Cutting Edges used during Life of Holder (CEhl) 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-(2000/110)).

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 Ci = CEavg*(TC-(Ch/CEhl)) 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 (CEavg), Tool Cost (TC), Cost of the Holder (Ch) & Cutting Edges used during Life of Holder (CEhl). 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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