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Cost of Re-grindable Tool given Estimated Tool Costs Formula

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The Cost of A Tool is simply the cost of one tool being used for machining. Check FAQs

C t = (TC - C g) \cdot N g

C_t - Cost of A Tool?TC - Tool Cost?C_g - Cost of Grinding?N_g - Average Number of Regrinds Possible?

Cost of Re-grindable Tool given Estimated Tool Costs Example

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Here is how the Cost of Re-grindable Tool given Estimated Tool Costs equation looks like with Values.

Here is how the Cost of Re-grindable Tool given Estimated Tool Costs equation looks like with Units.

Here is how the Cost of Re-grindable Tool given Estimated Tool Costs equation looks like.

80 = (200 - 180) \cdot 4

80 = (200 - 180) \cdot 4

80 = (200 - 180) \cdot 4

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Cost of Re-grindable Tool given Estimated Tool Costs Solution

Follow our step by step solution on how to calculate Cost of Re-grindable Tool given Estimated Tool Costs?

FIRST Step Consider the formula

C t = (TC - C g) \cdot N g

Next Step Substitute values of Variables

∴

C t = (200 - 180) \cdot 4

Next Step Prepare to Evaluate

∴

C t = (200 - 180) \cdot 4

LAST Step Evaluate

∴

C t = 80

Cost of Re-grindable Tool given Estimated Tool Costs Formula Elements

Variables

Cost of A Tool

The Cost of A Tool is simply the cost of one tool being used for machining.

Symbol: C_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of A Tool

Tool Cost

Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.

Symbol: TC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Tool Cost

Cost of Grinding

Cost of Grinding is the amount spent on grinding of a given tool.

Symbol: C_g

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of Grinding

Average Number of Regrinds Possible

Average Number of Regrinds Possible is the number of times a tool is supposed to be grindable to give a sharp edge.

Symbol: N_g

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Average Number of Regrinds Possible

Credits

Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

Kumar Siddhant has created this Formula and 400+ more formulas!

Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

Parul Keshav has verified this Formula and 400+ more formulas!

Other formulas in Estimation Cost category

Go Operator's Overhead Percentage given Machining and Operating Rate

% opt = ((M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{W o}) - 100

Go Machine Overhead Percentage given Machining and Operating Rate

% mach = ((M - (W o \cdot \frac{100 + % opt}{100})) \cdot \frac{100}{M t}) - 100

Go Operator's Wage Rate given Machining and Operating Rate

W o = (M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{100 + % opt}

Go Machining and Operating Rate

M = (W o \cdot \frac{100 + % opt}{100}) + (M t \cdot \frac{100 + % mach}{100})

How to Evaluate Cost of Re-grindable Tool given Estimated Tool Costs?

Cost of Re-grindable Tool given Estimated Tool Costs evaluator uses Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible to evaluate the Cost of A Tool, The Cost of Re-grindable Tool given Estimated Tool Costs is a method to determine the maximum amount that can be spent to purchase a re-grindable tool when there is a limit on the amount spent on Tool Costs. Cost of A Tool is denoted by C_t symbol.

How to evaluate Cost of Re-grindable Tool given Estimated Tool Costs using this online evaluator? To use this online evaluator for Cost of Re-grindable Tool given Estimated Tool Costs, enter Tool Cost (TC), Cost of Grinding (C_g) & Average Number of Regrinds Possible (N_g) and hit the calculate button.

FAQs on Cost of Re-grindable Tool given Estimated Tool Costs

What is the formula to find Cost of Re-grindable Tool given Estimated Tool Costs?

The formula of Cost of Re-grindable Tool given Estimated Tool Costs is expressed as Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible. Here is an example- 80 = (200-180)*4.

How to calculate Cost of Re-grindable Tool given Estimated Tool Costs?

With Tool Cost (TC), Cost of Grinding (C_g) & Average Number of Regrinds Possible (N_g) we can find Cost of Re-grindable Tool given Estimated Tool Costs using the formula - Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible.

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Cost of Re-grindable Tool given Estimated Tool Costs Formula

Cost of Re-grindable Tool given Estimated Tool Costs Example

Cost of Re-grindable Tool given Estimated Tool Costs Solution

Cost of Re-grindable Tool given Estimated Tool Costs Formula Elements

Credits

Other formulas in Estimation Cost category

How to Evaluate Cost of Re-grindable Tool given Estimated Tool Costs?

FAQs on Cost of Re-grindable Tool given Estimated Tool Costs

Variable Name