Number of Tools used given Total Cost of Tools Solution

STEP 0: Pre-Calculation Summary
Formula Used
Number of Tools Used = Total Cost of Tools Used/Cost of a Tool
Nt = TTC/Ct
This formula uses 3 Variables
Variables Used
Number of Tools Used - The Number of Tools Used is the total number of tools used for manufacturing a batch of products.
Total Cost of Tools Used - Total Cost of Tools Used is the sum of the amount of all tools that have been used for production.
Cost of a Tool - The Cost of a Tool is simply the cost of one tool being used for machining.
STEP 1: Convert Input(s) to Base Unit
Total Cost of Tools Used: 1000 --> No Conversion Required
Cost of a Tool: 80 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
Nt = TTC/Ct --> 1000/80
Evaluating ... ...
Nt = 12.5
STEP 3: Convert Result to Output's Unit
12.5 --> No Conversion Required
FINAL ANSWER
12.5 <-- Number of Tools Used
(Calculation completed in 00.020 seconds)

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!

3 Number of Tools Calculators

Number of Tools used given Average Production Time
Go Number of Tools Used = Batch Size*(Average Production Time-(Setup Time+Machining Time))/Time to Change One Tool
Number of Tools Used given Total Tool Changing Time
Go Number of Tools Used = Total Tool Changing Time/Time to Change One Tool
Number of Tools used given Total Cost of Tools
Go Number of Tools Used = Total Cost of Tools Used/Cost of a Tool

Number of Tools used given Total Cost of Tools Formula

Number of Tools Used = Total Cost of Tools Used/Cost of a Tool
Nt = TTC/Ct

Need to change the Tool

Due to Wear during the cutting operation, the sharpness of the Cutting edge of the tool is lost which leads to roughness and tolerances at the surface. To tackle this, the tool is usually sharpened rather than completely changed.

How to Calculate Number of Tools used given Total Cost of Tools?

Number of Tools used given Total Cost of Tools calculator uses Number of Tools Used = Total Cost of Tools Used/Cost of a Tool to calculate the Number of Tools Used, The Number of Tools used given Total Cost of Tools is a method to determine the maximum number of Tools that can be used for producing a batch of components when the total amount available to purchase Machining Tools is known. Number of Tools Used is denoted by Nt symbol.

How to calculate Number of Tools used given Total Cost of Tools using this online calculator? To use this online calculator for Number of Tools used given Total Cost of Tools, enter Total Cost of Tools Used (TTC) & Cost of a Tool (Ct) and hit the calculate button. Here is how the Number of Tools used given Total Cost of Tools calculation can be explained with given input values -> 12.5 = 1000/80.

FAQ

What is Number of Tools used given Total Cost of Tools?
The Number of Tools used given Total Cost of Tools is a method to determine the maximum number of Tools that can be used for producing a batch of components when the total amount available to purchase Machining Tools is known and is represented as Nt = TTC/Ct or Number of Tools Used = Total Cost of Tools Used/Cost of a Tool. Total Cost of Tools Used is the sum of the amount of all tools that have been used for production & The Cost of a Tool is simply the cost of one tool being used for machining.
How to calculate Number of Tools used given Total Cost of Tools?
The Number of Tools used given Total Cost of Tools is a method to determine the maximum number of Tools that can be used for producing a batch of components when the total amount available to purchase Machining Tools is known is calculated using Number of Tools Used = Total Cost of Tools Used/Cost of a Tool. To calculate Number of Tools used given Total Cost of Tools, you need Total Cost of Tools Used (TTC) & Cost of a Tool (Ct). With our tool, you need to enter the respective value for Total Cost of Tools Used & Cost of a Tool 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 Number of Tools Used?
In this formula, Number of Tools Used uses Total Cost of Tools Used & Cost of a Tool. We can use 2 other way(s) to calculate the same, which is/are as follows -
  • Number of Tools Used = Batch Size*(Average Production Time-(Setup Time+Machining Time))/Time to Change One Tool
  • Number of Tools Used = Total Tool Changing Time/Time to Change One Tool
Let Others Know
Facebook
Twitter
Reddit
LinkedIn
Email
WhatsApp
Copied!