Formula:
Definition: This calculator determines the number of tools used in manufacturing based on various cost components.
Purpose: It helps manufacturing professionals estimate tool usage and optimize production costs.
The calculator uses the formula:
Where:
Explanation: The formula subtracts non-productive, machining, and tool changing costs from total production cost, then divides by individual tool cost to determine tool count.
Details: Accurate tool count estimation helps in inventory management, cost control, and production planning.
Tips: Enter all cost components in percentages. Total Production Cost and Cost of a Tool must be > 0.
Q1: What constitutes non-productive costs?
A: These include setup time, idle time, and other activities that don't directly contribute to production.
Q2: How is machining cost calculated?
A: It includes labor, machine operation, material, and overhead costs associated with active machining.
Q3: Why is tool changing cost separate?
A: Tool changes require downtime and labor, which are distinct from active machining costs.
Q4: Can this be used for different tool types?
A: Yes, but costs should be averaged if using multiple tool types in production.
Q5: How accurate is this calculation?
A: Accuracy depends on precise cost inputs. ±5% variance is typical in manufacturing estimates.