How to Calculate Setup Time for Each Product given Average Production Cost?
Setup Time for Each Product given Average Production Cost calculator uses Setup Time = (Production Cost of Each Component-Cost of A Tool*Machining Time-(Number of Tools Used/Batch Size)*(Cost of A Tool*Time to Change One Tool+Cost of A Tool))/Cost of A Tool to calculate the Setup Time, The Setup Time for Each Product given Average Production Cost is a method to determine the maximum time that can be spent to load/unload the workpiece and reposition the tool for the manufacturing of a single product based on the average cost per piece. Setup Time is denoted by ts symbol.
How to calculate Setup Time for Each Product given Average Production Cost using this online calculator? To use this online calculator for Setup Time for Each Product given Average Production Cost, enter Production Cost of Each Component (Cpr), Cost of A Tool (Ct), Machining Time (tm), Number of Tools Used (Nt), Batch Size (Nb) & Time to Change One Tool (tc) and hit the calculate button. Here is how the Setup Time for Each Product given Average Production Cost calculation can be explained with given input values -> 0.014962 = (15000-80*69-(4.16129/2)*(80*30+80))/80.