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

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Machining Time per component for Minimum Machining Cost

Formula

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

Example

`"0.742574min"="4650.5"*(1-"0.032362")/"101"`

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Machining Time per component for Minimum Machining Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

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

Variables Used

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

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 and Operating Rate: 101 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

t_mc = C_m1*(1-n)/M --> 4650.5*(1-0.032362)/101

Evaluating ... ...

t_mc = 44.5544605841584

STEP 3: Convert Result to Output's Unit

44.5544605841584 Second -->0.742574343069307 Minute (Check conversion here)

FINAL ANSWER

0.742574343069307 ≈ 0.742574 Minute <-- Machining Time for Minimum Cost

(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!

< 14 Minimum Machining Cost Calculators

Taylor's Exponent for Minimum Machining Cost given Tool Life

Go Taylor's Tool Life Exponent = ((Time to Change One Tool+(Cost of a Tool/Machining and Operating Rate))*Time Proportion of Cutting Edge Engagement)/(Tool Life+((Time to Change One Tool+(Cost of a Tool/Machining and Operating Rate))*Time Proportion of Cutting Edge Engagement))

Reference Cutting Velocity given Minimum Production Cost

Go Reference Cutting Velocity = Constant For Machining Condition*((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent) /((1-Taylor's Tool Life Exponent)*((Production Cost of Each Component/Machining and Operating Rate)-Setup Time))

Tool Life for minimum cost given Minimum Production Cost

Go Tool Life = Reference Tool Life*((((Production Cost of Each Component/Machining and Operating Rate)-Setup Time)*Reference Cutting Velocity*(1-Taylor's Tool Life Exponent)/Constant For Machining Condition)^(1/Taylor's Tool Life Exponent))

Reference Tool Life given Minimum Production Cost

Go Reference Tool Life = Tool Life/((((Production Cost of Each Component/Machining and Operating Rate)-Setup Time)*Reference Cutting Velocity*(1-Taylor's Tool Life Exponent)/Constant For Machining Condition)^(1/Taylor's Tool Life Exponent))

Non-Productive Time per component given Minimum Production Cost

Go Setup Time = (Production Cost of Each Component/Machining and Operating Rate)-(Constant For Machining Condition*((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent)/(Reference Cutting Velocity*(1-Taylor's Tool Life Exponent)))

Machining and Operating Rate given Minimum Production Cost

Go Machining and Operating Rate = Production Cost of Each Component/(Setup Time+(Constant For Machining Condition*((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent)/(Reference Cutting Velocity*(1-Taylor's Tool Life Exponent))))

Minimum Production Cost per Component

Go Production Cost of Each Component = Machining and Operating Rate*(Setup Time+(Constant For Machining Condition*((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent)/(Reference Cutting Velocity*(1-Taylor's Tool Life Exponent))))

Constant for Machining Operation given Minimum Production Cost

Go Constant For Machining Condition = ((Production Cost of Each Component/Machining and Operating Rate)-Setup Time)*Reference Cutting Velocity*(1-Taylor's Tool Life Exponent)/((Tool Life/Reference Tool Life)^Taylor's Tool Life Exponent)

Tool Changing Cost per Tool given Tool Life for Minimum Machining Cost

Go Cost of changing each Tool = (Tool Life*Taylor's Tool Life Exponent*Machining and Operating Rate/(Time Proportion of Cutting Edge Engagement*(1-Taylor's Tool Life Exponent)))-Cost of a Tool

Tool Life of One Tool for Minimum Machining Cost given Tool Changing Cost per Tool

Go Tool Life = Time Proportion of Cutting Edge Engagement*(Cost of changing each Tool+Cost of a Tool)*(1-Taylor's Tool Life Exponent)/(Taylor's Tool Life Exponent*Machining and Operating Rate)

Tool Changing Time for 1 Tool given Tool Life for Minimum Machining Cost

Go Time to Change One Tool = (Tool Life*Taylor's Tool Life Exponent/((1-Taylor's Tool Life Exponent)*Time Proportion of Cutting Edge Engagement))-(Cost of a Tool/Machining and Operating Rate)

Tool Life of One Tool for Minimum Machining Cost

Go Tool Life = Time Proportion of Cutting Edge Engagement*(Time to Change One Tool+(Cost of a Tool/Machining and Operating Rate))*(1-Taylor's Tool Life Exponent)/Taylor's Tool Life Exponent

Taylor's Exponent for Minimum Machining Cost per component

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

Machining Time per component for Minimum Machining Cost

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

Machining Time per component for Minimum Machining Cost Formula

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

Importance of Production Time

The Production time and its proper estimation are of great help in determining:
1. Manufacturing Costs
2. Machine Work Loads
3. Personel Needs
4. Delivery Time

How to Calculate Machining Time per component for Minimum Machining Cost?

Machining Time per component for Minimum Machining Cost calculator uses Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate to calculate the Machining Time for Minimum Cost, The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component. Machining Time for Minimum Cost is denoted by t_mc symbol.

How to calculate Machining Time per component for Minimum Machining Cost using this online calculator? To use this online calculator for Machining Time per component for Minimum Machining Cost, enter Machining and Operating Cost of Each Product (C_m1), Taylor's Tool Life Exponent (n) & Machining and Operating Rate (M) and hit the calculate button. Here is how the Machining Time per component for Minimum Machining Cost calculation can be explained with given input values -> 0.012376 = 4650.5*(1-0.032362)/101.

FAQ

What is Machining Time per component for Minimum Machining Cost?

The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component and is represented as t_mc = C_m1*(1-n)/M or Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate. 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 and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.

How to calculate Machining Time per component for Minimum Machining Cost?

The Machining Time per component for Minimum Machining Cost is a method to determine the maximum time that can be given to a single component on one or more machines for production, based on the minimum cost of machining of a single component is calculated using Machining Time for Minimum Cost = Machining and Operating Cost of Each Product*(1-Taylor's Tool Life Exponent)/Machining and Operating Rate. To calculate Machining Time per component for Minimum Machining Cost, you need Machining and Operating Cost of Each Product (C_m1), Taylor's Tool Life Exponent (n) & Machining and Operating Rate (M). With our tool, you need to enter the respective value for Machining and Operating Cost of Each Product, Taylor's Tool Life Exponent & Machining and Operating Rate 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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