Machining Time per component given 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%
✖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%
✖Time Proportion of Cutting Edge Engagement is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece.ⓘ Time Proportion of Cutting Edge Engagement [Q]			+10% -10%
✖Time to Change One Tool is the measure of time it takes to change one tool during machining.ⓘ Time to Change One Tool [t_c]			+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%
✖Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations.ⓘ Tool Life [T]			+10% -10%

✖Machining Time is the time when a machine is actually processing something. Generally, machining time is the term used when there is a removal of unwanted material.ⓘ Machining Time per component given Machining Cost [t_m]

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Formula

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Machining Time per component given Machining Cost

Formula

`"t"_{"m"} = "C"_{"m1"}/("M"+("Q"*("M"*"t"_{"c"}+"C"_{"t"})/"T"))`

Example

`"0.760984min"="4650.5"/("101"+("0.5"*("101"*"1.25min"+"100")/"75min"))`

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Machining Time per component given Machining Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Machining Time = Machining and Operating Cost of Each Product/(Machining and Operating Rate+(Time Proportion of Cutting Edge Engagement*(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)/Tool Life))
t_m = C_m1/(M+(Q*(M*t_c+C_t)/T))
This formula uses 7 Variables

Variables Used

Machining Time - (Measured in Second) - Machining Time is the time when a machine is actually processing something. Generally, machining time is the term used when there is a removal of unwanted material.
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.
Machining and Operating Rate - Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
Time Proportion of Cutting Edge Engagement - Time Proportion of Cutting Edge Engagement is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece.
Time to Change One Tool - (Measured in Second) - Time to Change One Tool is the measure of time it takes to change one tool during machining.
Cost of a Tool - The Cost of a Tool is simply the cost of one tool being used for machining.
Tool Life - (Measured in Second) - Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations.

STEP 1: Convert Input(s) to Base Unit

Machining and Operating Cost of Each Product: 4650.5 --> No Conversion Required
Machining and Operating Rate: 101 --> No Conversion Required
Time Proportion of Cutting Edge Engagement: 0.5 --> No Conversion Required
Time to Change One Tool: 1.25 Minute --> 75 Second (Check conversion here)
Cost of a Tool: 100 --> No Conversion Required
Tool Life: 75 Minute --> 4500 Second (Check conversion here)

STEP 2: Evaluate Formula

Substituting Input Values in Formula

t_m = C_m1/(M+(Q*(M*t_c+C_t)/T)) --> 4650.5/(101+(0.5*(101*75+100)/4500))

Evaluating ... ...

t_m = 45.6590394632776

STEP 3: Convert Result to Output's Unit

45.6590394632776 Second -->0.760983991054627 Minute (Check conversion here)

FINAL ANSWER

0.760983991054627 ≈ 0.760984 Minute <-- Machining Time

(Calculation completed in 00.004 seconds)

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Home » Engineering » Production Engineering » Metal Machining » Metal-Machining Economics » Production Cost » Tool Cost » Machining Time per component given Machining 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!

< 14 Tool Cost Calculators

Tool Changing Time for 1 Tool given Machining Cost

Go Time to Change One Tool = ((Tool Life*((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)/Time Proportion of Cutting Edge Engagement)-Cost of a Tool)/Machining and Operating Rate

Cost of 1 Tool given Machining Cost

Go Cost of a Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)/Time Proportion of Cutting Edge Engagement)-(Machining and Operating Rate*Time to Change One Tool)

Time Proportion of Cutting Edge Engagement given Machining Cost

Go Time Proportion of Cutting Edge Engagement = Tool Life*((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)/(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)

Machining Time per component given Machining Cost

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

Tool Life of One Tool given Machining Cost

Go Tool Life = Time Proportion of Cutting Edge Engagement*(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)/((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)

Machining Cost per component

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

Tool Changing Cost per Tool given Machining Cost

Go Cost of changing each Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time)-Machining and Operating Rate)/Time Proportion of Cutting Edge Engagement)-Cost of a Tool

Machining Cost given Tool Changing Cost per Tool

Go Machining and Operating Cost of Each Product = Machining Time*(Machining and Operating Rate+(Time Proportion of Cutting Edge Engagement*(Cost of changing each Tool+Cost of a Tool)/Tool Life))

Time Proportion of Cutting Edge Engagement given Tool Life for Minimum Machining Cost

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

Cost of 1 Tool given Tool Life for Minimum Machining Cost

Go 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 Rate

Minimum Cost of Machining per component

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

Constant for Machining Operation of one product given Machining Condition

Go Constant For Machining Condition = Machining Time*Cutting Velocity

Cutting Velocity of one product given Constant for Machining Operation

Go Cutting Velocity = Constant For Machining Condition/Machining Time

Machining Time of one product given Constant for Machining Operation

Go Machining Time = Constant For Machining Condition/Cutting Velocity

Machining Time per component given Machining Cost Formula

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 given Machining Cost?

Machining Time per component given Machining Cost calculator uses Machining Time = Machining and Operating Cost of Each Product/(Machining and Operating Rate+(Time Proportion of Cutting Edge Engagement*(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)/Tool Life)) to calculate the Machining Time, The Machining Time per component given 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 cost of machining of a single component. Machining Time is denoted by t_m symbol.

How to calculate Machining Time per component given Machining Cost using this online calculator? To use this online calculator for Machining Time per component given Machining Cost, enter Machining and Operating Cost of Each Product (C_m1), Machining and Operating Rate (M), Time Proportion of Cutting Edge Engagement (Q), Time to Change One Tool (t_c), Cost of a Tool (C_t) & Tool Life (T) and hit the calculate button. Here is how the Machining Time per component given Machining Cost calculation can be explained with given input values -> 0.012376 = 4650.5/(101+(0.5*(101*75+100)/4500)).

FAQ

What is Machining Time per component given Machining Cost?

The Machining Time per component given 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 cost of machining of a single component and is represented as t_m = C_m1/(M+(Q*(M*t_c+C_t)/T)) or Machining Time = Machining and Operating Cost of Each Product/(Machining and Operating Rate+(Time Proportion of Cutting Edge Engagement*(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)/Tool Life)). Machining and Operating Cost of Each Product is the total amount of money required to machine a single product, Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads, Time Proportion of Cutting Edge Engagement is the fractional portion of machining time during which the Cutting Edge of the tool is engaged with the workpiece, Time to Change One Tool is the measure of time it takes to change one tool during machining, The Cost of a Tool is simply the cost of one tool being used for machining & Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations.

How to calculate Machining Time per component given Machining Cost?

The Machining Time per component given 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 cost of machining of a single component is calculated using Machining Time = Machining and Operating Cost of Each Product/(Machining and Operating Rate+(Time Proportion of Cutting Edge Engagement*(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)/Tool Life)). To calculate Machining Time per component given Machining Cost, you need Machining and Operating Cost of Each Product (C_m1), Machining and Operating Rate (M), Time Proportion of Cutting Edge Engagement (Q), Time to Change One Tool (t_c), Cost of a Tool (C_t) & Tool Life (T). With our tool, you need to enter the respective value for Machining and Operating Cost of Each Product, Machining and Operating Rate, Time Proportion of Cutting Edge Engagement, Time to Change One Tool, Cost of a Tool & Tool Life 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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