Tool Changing Time for 1 Tool given Machining Cost Calculator

✖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 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 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 [t_m]			+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%
✖The Cost of a Tool is simply the cost of one tool being used for machining.ⓘ Cost of a Tool [C_t]			+10% -10%

✖Time to Change One Tool is the measure of time it takes to change one tool during machining.ⓘ Tool Changing Time for 1 Tool given Machining Cost [t_c]

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Formula

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Tool Changing Time for 1 Tool given Machining Cost

Formula

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

Example

`"3.465347min"=(("75min"*(("4650.5"/"0.75min")-"101")/"0.5")-"100")/"101"`

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Tool Changing Time for 1 Tool given Machining Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

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
t_c = ((T*((C_m1/t_m)-M)/Q)-C_t)/M
This formula uses 7 Variables

Variables Used

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.
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.
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 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 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.
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

Tool Life: 75 Minute --> 4500 Second (Check conversion here)
Machining and Operating Cost of Each Product: 4650.5 --> No Conversion Required
Machining Time: 0.75 Minute --> 45 Second (Check conversion here)
Machining and Operating Rate: 101 --> No Conversion Required
Time Proportion of Cutting Edge Engagement: 0.5 --> No Conversion Required
Cost of a Tool: 100 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

t_c = ((T*((C_m1/t_m)-M)/Q)-C_t)/M --> ((4500*((4650.5/45)-101)/0.5)-100)/101

Evaluating ... ...

t_c = 207.920792079208

STEP 3: Convert Result to Output's Unit

207.920792079208 Second -->3.46534653465347 Minute (Check conversion here)

FINAL ANSWER

3.46534653465347 ≈ 3.465347 Minute <-- Time to Change One Tool

(Calculation completed in 00.004 seconds)

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Home » Engineering » Production Engineering » Metal Machining » Metal-Machining Economics » Production Cost » Tool Cost » Tool Changing Time for 1 Tool 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

Tool Changing Time for 1 Tool given Machining Cost Formula

Significance of Total Tool Changing Time

The Total Tool Changing Time denotes the time being spent on an important but non-profitable process that is changing the Machining tool. This results in extra cost factors being accounted for as the operators are usually waged per hour or day. It is preferred that the Total Tool Changing Time in a Production Line is low so as there is a low expense on these non-profitable tasks.

How to Calculate Tool Changing Time for 1 Tool given Machining Cost?

Tool Changing Time for 1 Tool given Machining Cost calculator uses 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 to calculate the Time to Change One Tool, The Tool Changing Time for 1 Tool given Machining Cost is a method to determine the maximum time that can be spared on each tool to be spent for changing based on the average expense to machine 1 component. Time to Change One Tool is denoted by t_c symbol.

How to calculate Tool Changing Time for 1 Tool given Machining Cost using this online calculator? To use this online calculator for Tool Changing Time for 1 Tool given Machining Cost, enter Tool Life (T), Machining and Operating Cost of Each Product (C_m1), Machining Time (t_m), Machining and Operating Rate (M), Time Proportion of Cutting Edge Engagement (Q) & Cost of a Tool (C_t) and hit the calculate button. Here is how the Tool Changing Time for 1 Tool given Machining Cost calculation can be explained with given input values -> 0.057756 = ((4500*((4650.5/45)-101)/0.5)-100)/101.

FAQ

What is Tool Changing Time for 1 Tool given Machining Cost?

The Tool Changing Time for 1 Tool given Machining Cost is a method to determine the maximum time that can be spared on each tool to be spent for changing based on the average expense to machine 1 component and is represented as t_c = ((T*((C_m1/t_m)-M)/Q)-C_t)/M or 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. Tool Life is the period of time for which the cutting edge, affected by the cutting procedure, retains its cutting capacity between sharpening operations, Machining and Operating Cost of Each Product is the total amount of money required to machine a single product, 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 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 & The Cost of a Tool is simply the cost of one tool being used for machining.

How to calculate Tool Changing Time for 1 Tool given Machining Cost?

The Tool Changing Time for 1 Tool given Machining Cost is a method to determine the maximum time that can be spared on each tool to be spent for changing based on the average expense to machine 1 component is calculated using 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. To calculate Tool Changing Time for 1 Tool given Machining Cost, you need Tool Life (T), Machining and Operating Cost of Each Product (C_m1), Machining Time (t_m), Machining and Operating Rate (M), Time Proportion of Cutting Edge Engagement (Q) & Cost of a Tool (C_t). With our tool, you need to enter the respective value for 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 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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