Machining and Operating Rate given Total Machining and Operating Cost Calculator

✖Total Machining And Operating Cost is the total amount of money required to machine a given batch of product.ⓘ Total Machining And Operating Cost [C_m]			+10% -10%
✖Total Production Time is the net time taken to produce a complete match of products, including overheads.ⓘ Total Production Time [TPT]			+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 given Total Machining and Operating Cost [M]

⎘ Copy

👎

Formula

✖

Machining and Operating Rate given Total Machining and Operating Cost

Formula

`"M" = "C"_{"m"}/"TPT"`

Example

`"0.166667"="100"/"10min"`

Calculator

LaTeX

Reset

👍

Download Production Engineering Formula PDF

Machining and Operating Rate given Total Machining and Operating Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Machining and Operating Rate = Total Machining And Operating Cost/Total Production Time
M = C_m/TPT
This formula uses 3 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.
Total Machining And Operating Cost - Total Machining And Operating Cost is the total amount of money required to machine a given batch of product.
Total Production Time - (Measured in Second) - Total Production Time is the net time taken to produce a complete match of products, including overheads.

STEP 1: Convert Input(s) to Base Unit

Total Machining And Operating Cost: 100 --> No Conversion Required
Total Production Time: 10 Minute --> 600 Second (Check conversion here)

STEP 2: Evaluate Formula

Substituting Input Values in Formula

M = C_m/TPT --> 100/600

Evaluating ... ...

M = 0.166666666666667

STEP 3: Convert Result to Output's Unit

0.166666666666667 --> No Conversion Required

FINAL ANSWER

0.166666666666667 ≈ 0.166667 <-- Machining and Operating Rate

(Calculation completed in 00.004 seconds)

You are here -

Home » Engineering » Production Engineering » Metal Machining » Metal-Machining Economics » Production Cost » Machining Cost » Machining and Operating Rate given Total Machining and Operating Cost

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 given Total Machining and Operating Cost Formula

Machining and Operating Rate = Total Machining And Operating Cost/Total Production Time
M = C_m/TPT

Machining Time Estimation Methods

Commonly used Machining Time Estimation Methods are:
1. By estimation
2. By Timing
3. By Comparison
4. By the sum of elementary pre-defined times

How to Calculate Machining and Operating Rate given Total Machining and Operating Cost?

Machining and Operating Rate given Total Machining and Operating Cost calculator uses Machining and Operating Rate = Total Machining And Operating Cost/Total Production Time to calculate the Machining and Operating Rate, The Machining and Operating Rate given Total Machining and Operating Cost is a method to determine the maximum amount that can be spent on Machining and Operating when the resources to be used are strictly bounded. Machining and Operating Rate is denoted by M symbol.

How to calculate Machining and Operating Rate given Total Machining and Operating Cost using this online calculator? To use this online calculator for Machining and Operating Rate given Total Machining and Operating Cost, enter Total Machining And Operating Cost (C_m) & Total Production Time (TPT) and hit the calculate button. Here is how the Machining and Operating Rate given Total Machining and Operating Cost calculation can be explained with given input values -> 0.166667 = 100/600.

FAQ

What is Machining and Operating Rate given Total Machining and Operating Cost?

The Machining and Operating Rate given Total Machining and Operating Cost is a method to determine the maximum amount that can be spent on Machining and Operating when the resources to be used are strictly bounded and is represented as M = C_m/TPT or Machining and Operating Rate = Total Machining And Operating Cost/Total Production Time. Total Machining And Operating Cost is the total amount of money required to machine a given batch of product & Total Production Time is the net time taken to produce a complete match of products, including overheads.

How to calculate Machining and Operating Rate given Total Machining and Operating Cost?

The Machining and Operating Rate given Total Machining and Operating Cost is a method to determine the maximum amount that can be spent on Machining and Operating when the resources to be used are strictly bounded is calculated using Machining and Operating Rate = Total Machining And Operating Cost/Total Production Time. To calculate Machining and Operating Rate given Total Machining and Operating Cost, you need Total Machining And Operating Cost (C_m) & Total Production Time (TPT). With our tool, you need to enter the respective value for Total Machining And Operating Cost & Total Production Time and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

Home

FREE PDFs

🔍 Search