Estimated Tool Costs for Re-grindable Tool Calculator

✖Cost of Grinding is the amount spent on grinding of a given tool.ⓘ Cost of Grinding [C_g]			+10% -10%
✖The Cost of a Tool is simply the cost of one tool being used for machining.ⓘ Cost of a Tool [C_t]			+10% -10%
✖Average Number of Regrinds Possible is the number of times a Tool is supposed to be grindable to give a sharp edge.ⓘ Average Number of Regrinds Possible [N_g]			+10% -10%

✖Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.ⓘ Estimated Tool Costs for Re-grindable Tool [TC]

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Formula

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Estimated Tool Costs for Re-grindable Tool

Formula

`"TC" = "C"_{"g"}+("C"_{"t"}/"N"_{"g"})`

Example

`"200"="194.666666666667"+("80"/"15")`

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Estimated Tool Costs for Re-grindable Tool Solution

STEP 0: Pre-Calculation Summary

Formula Used

Tool Cost = Cost of Grinding+(Cost of a Tool/Average Number of Regrinds Possible)
TC = C_g+(C_t/N_g)
This formula uses 4 Variables

Variables Used

Tool Cost - Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.
Cost of Grinding - Cost of Grinding is the amount spent on grinding of a given tool.
Cost of a Tool - The Cost of a Tool is simply the cost of one tool being used for machining.
Average Number of Regrinds Possible - Average Number of Regrinds Possible is the number of times a Tool is supposed to be grindable to give a sharp edge.

STEP 1: Convert Input(s) to Base Unit

Cost of Grinding: 194.666666666667 --> No Conversion Required
Cost of a Tool: 80 --> No Conversion Required
Average Number of Regrinds Possible: 15 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

TC = C_g+(C_t/N_g) --> 194.666666666667+(80/15)

Evaluating ... ...

TC = 200

STEP 3: Convert Result to Output's Unit

200 --> No Conversion Required

FINAL ANSWER

200 <-- Tool Cost

(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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Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

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< 14 Estimation Cost Calculators

Operator's Overhead Percentage given Machining and Operating Rate

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

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

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)

Estimated Tool Costs for Re-grindable Tool Formula

Tool Cost = Cost of Grinding+(Cost of a Tool/Average Number of Regrinds Possible)
TC = C_g+(C_t/N_g)

Tool Costs for Re-sharpening

The Tool Costs for Re-sharpening is generated on the processes that basically include changing or re-sharpening the tool. These do not result in any productivity or profit whatsoever. But as the time is consumed by the operator to perform these tasks, when paid by the hour, the operators cost plants this time too.

How to Calculate Estimated Tool Costs for Re-grindable Tool?

Estimated Tool Costs for Re-grindable Tool calculator uses Tool Cost = Cost of Grinding+(Cost of a Tool/Average Number of Regrinds Possible) to calculate the Tool Cost, The Estimated Tool Costs for Re-grindable Tool is the estimated cost required to provide a sharp tool for machining operation. Tool Cost is denoted by TC symbol.

How to calculate Estimated Tool Costs for Re-grindable Tool using this online calculator? To use this online calculator for Estimated Tool Costs for Re-grindable Tool, enter Cost of Grinding (C_g), Cost of a Tool (C_t) & Average Number of Regrinds Possible (N_g) and hit the calculate button. Here is how the Estimated Tool Costs for Re-grindable Tool calculation can be explained with given input values -> 200 = 194.666666666667+(80/15).

FAQ

What is Estimated Tool Costs for Re-grindable Tool?

The Estimated Tool Costs for Re-grindable Tool is the estimated cost required to provide a sharp tool for machining operation and is represented as TC = C_g+(C_t/N_g) or Tool Cost = Cost of Grinding+(Cost of a Tool/Average Number of Regrinds Possible). Cost of Grinding is the amount spent on grinding of a given tool, The Cost of a Tool is simply the cost of one tool being used for machining & Average Number of Regrinds Possible is the number of times a Tool is supposed to be grindable to give a sharp edge.

How to calculate Estimated Tool Costs for Re-grindable Tool?

The Estimated Tool Costs for Re-grindable Tool is the estimated cost required to provide a sharp tool for machining operation is calculated using Tool Cost = Cost of Grinding+(Cost of a Tool/Average Number of Regrinds Possible). To calculate Estimated Tool Costs for Re-grindable Tool, you need Cost of Grinding (C_g), Cost of a Tool (C_t) & Average Number of Regrinds Possible (N_g). With our tool, you need to enter the respective value for Cost of Grinding, Cost of a Tool & Average Number of Regrinds Possible and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Tool Cost?

In this formula, Tool Cost uses Cost of Grinding, Cost of a Tool & Average Number of Regrinds Possible. We can use 1 other way(s) to calculate the same, which is/are as follows -

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

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