Machining and Operating Rate for Minimum Machining Cost Calculator

✖Machining and Operating Cost of Each Product is the total amount of money required to machine a single product.ⓘ Machining and Operating Cost of Each Product [C_m1]			+10% -10%
✖Taylor's Tool Life Exponent is an experimental exponent that helps in quantifying the rate of Tool Wear.ⓘ Taylor's Tool Life Exponent [n]			+10% -10%
✖Machining Time for Minimum Cost is the time for processing when the workpiece is machined to obtain the minimum cost of Machining.ⓘ Machining Time for Minimum Cost [t_mc]			+10% -10%

✖Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.ⓘ Machining and Operating Rate for Minimum Machining Cost [M]

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Machining and Operating Rate for Minimum Machining Cost

Formula

`"M" = "C"_{"m1"}*(1-"n")/"t"_{"mc"}`

Example

`"100"="4650.5"*(1-"0.032362")/".75min"`

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Machining and Operating Rate for Minimum Machining Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Machining and Operating Rate = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time for Minimum Cost
M = C_m1*(1-n)/t_mc
This formula uses 4 Variables

Variables Used

Machining and Operating Rate - Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
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 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.

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 Time for Minimum Cost: 0.75 Minute --> 45 Second (Check conversion here)

STEP 2: Evaluate Formula

Substituting Input Values in Formula

M = C_m1*(1-n)/t_mc --> 4650.5*(1-0.032362)/45

Evaluating ... ...

M = 100.000011533333

STEP 3: Convert Result to Output's Unit

100.000011533333 --> No Conversion Required

FINAL ANSWER

100.000011533333 ≈ 100 <-- Machining and Operating Rate

(Calculation completed in 00.004 seconds)

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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!

< 17 Machining Cost Calculators

Machining and Operating Rate given Machining Cost for Maximum Power

Go Machining and Operating Rate = ((Machining and Operating Cost of Each Product/Machining Time for Maximum Power)-(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)

Machining Rate given Machining Cost for Maximum Power with limited Cutting Speed

Go Machining and Operating Rate = Machining and Operating Cost of Each Product/(((((Machining Time for Minimum Cost/Machining Time for Maximum Power)^(1/Taylor's Tool Life Exponent))*Taylor's Tool Life Exponent/(1-Taylor's Tool Life Exponent))+1)*Machining Time for Maximum Power)

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)

Total Machining and Operating Costs using Average Production Cost

Go Total Machining And Operating Cost = (Production Cost of Each Component-(Cost of A Tool*Non Productive Time)-((Number of Tools Used/Batch Size)*(Cost of A Tool*Time to Change One Tool+Cost of A Tool)))*Batch Size

Number of shifts given Total rate for Machining and Operator

Go Number of Shifts = (Factor to allow for Machining*Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))/((Total Rate of Machining and Operator-(Factor to allow for Operator*Direct Labor Rate))*(2*Amortized Years))

Factor to allow for Machining overheads given Total rate for Machining and Operator

Go Factor to allow for Machining = (Total Rate of Machining and Operator-(Factor to allow for Operator*Direct Labor Rate))*(2*Amortized Years*Number of Shifts)/(Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))

Factor to allow for Operator overheads given Total rate for Machining and Operator

Go Factor to allow for Operator = (Total Rate of Machining and Operator-((Factor to allow for Machining*Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))/(2*Amortized Years*Number of Shifts)))/Direct Labor Rate

Machining and Operating Cost of Each Product using Average Production Cost

Go Machining and Operating Cost of Each Product = Production Cost of Each Component-(Cost of A Tool*Setup Time+(Number of Tools Used/Batch Size)*((Cost of A Tool*Time to Change One Tool)+Cost of A Tool))

Machining and Operating Cost of Each Product using Total Production Cost

Go Machining and Operating Total Cost of Each Product = Total Production Cost-(Batch Size*Cost of A Tool*Setup Time+Number of Tools Used*((Cost of A Tool*Time to Change One Tool)+Cost of A Tool))

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)

Machining and Operating Cost of Each Product using Individual Cost

Go Machining Individual Cost of Each Product = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size

Total Machining and Operating Costs given Total Production Cost

Go Total Machining And Operating Cost = Total Production Cost-(Total Cost of Tools Used+Total Tool Changing Cost+Total Non Productive Cost)

Total Machining and Operating Costs given Individual Costs

Go Total Machining And Operating Cost = Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used)

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 and Operating Rate given Total Machining and Operating Cost

Go Machining and Operating Rate = Total Machining And Operating Cost/Total Production Time

Total Machining and Operating Cost

Go Total Machining And Operating Cost = Machining and Operating Rate*Total Production Time

Total Non-Productive Cost

Go Total Production Cost = Non-Productive Time*Machining and Operating Rate

Machining and Operating Rate for Minimum Machining Cost Formula

Machining and Operating Rate = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time for Minimum Cost
M = C_m1*(1-n)/t_mc

Significance of Machining and Operating Rate

The Machining and Operating Rate basically helps in determining the count of components that can be manufactured in the given time for given resources. Optimizing this Rate helps in regulating the Total Machining Cost of the Production which carries the maximum weightage of the Total Production Cost.

How to Calculate Machining and Operating Rate for Minimum Machining Cost?

Machining and Operating Rate for Minimum Machining Cost calculator uses Machining and Operating Rate = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time for Minimum Cost to calculate the Machining and Operating Rate, The Machining and Operating Rate for Minimum Machining Cost is a way to determine the maximum expense rate that can be afforded on machines and operators when based on the minimum expense it took to machine a single component. Machining and Operating Rate is denoted by M symbol.

How to calculate Machining and Operating Rate for Minimum Machining Cost using this online calculator? To use this online calculator for Machining and Operating Rate for Minimum Machining Cost, enter Machining and Operating Cost of Each Product (C_m1), Taylor's Tool Life Exponent (n) & Machining Time for Minimum Cost (t_mc) and hit the calculate button. Here is how the Machining and Operating Rate for Minimum Machining Cost calculation can be explained with given input values -> 100 = 4650.5*(1-0.032362)/45.

FAQ

What is Machining and Operating Rate for Minimum Machining Cost?

The Machining and Operating Rate for Minimum Machining Cost is a way to determine the maximum expense rate that can be afforded on machines and operators when based on the minimum expense it took to machine a single component and is represented as M = C_m1*(1-n)/t_mc or Machining and Operating Rate = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time for Minimum Cost. 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 Time for Minimum Cost is the time for processing when the workpiece is machined to obtain the minimum cost of Machining.

How to calculate Machining and Operating Rate for Minimum Machining Cost?

The Machining and Operating Rate for Minimum Machining Cost is a way to determine the maximum expense rate that can be afforded on machines and operators when based on the minimum expense it took to machine a single component is calculated using Machining and Operating Rate = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining Time for Minimum Cost. To calculate Machining and Operating Rate for Minimum Machining Cost, you need Machining and Operating Cost of Each Product (C_m1), Taylor's Tool Life Exponent (n) & Machining Time for Minimum Cost (t_mc). With our tool, you need to enter the respective value for Machining and Operating Cost of Each Product, Taylor's Tool Life Exponent & Machining Time for Minimum Cost 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 Machining and Operating Rate?

In this formula, Machining and Operating Rate uses Machining and Operating Cost of Each Product, Taylor's Tool Life Exponent & Machining Time for Minimum Cost. We can use 2 other way(s) to calculate the same, which is/are as follows -

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)
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)

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