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Material Price P2 Formula:
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The Material Price P2 calculation determines the material price per unit weight for a material based on relative cost ratio and yield stress properties. It helps in comparing material costs while accounting for their mechanical properties.
The calculator uses the formula:
Where:
Explanation: This formula adjusts material costs based on relative pricing and yield strength properties to provide a normalized cost comparison.
Details: Accurate material cost calculation is crucial for product pricing, cost optimization, material selection decisions, and maintaining competitive advantage in manufacturing industries.
Tips: Enter relative cost ratio, material cost p1, and both yield stress values. All values must be positive numbers. The calculator will compute the normalized material cost p2.
Q1: What is Relative Cost Ratio?
A: Relative Cost Ratio (C2/C1) represents the cost relationship between two materials, showing how much more or less expensive one material is compared to another.
Q2: Why consider Yield Stress in cost calculation?
A: Yield stress indicates material strength. Materials with higher yield stress often provide better performance, justifying potentially higher costs in structural applications.
Q3: How accurate is this calculation?
A: The calculation provides a theoretical normalized cost. Actual material selection should also consider other factors like availability, manufacturability, and specific application requirements.
Q4: Can this be used for different material types?
A: Yes, this calculation can be applied to various materials including metals, plastics, composites, and other engineering materials where cost and mechanical properties are important.
Q5: What units should be used for input values?
A: Use consistent units - cost per unit weight should be in the same currency/weight unit, and yield stress should be in Pascals or consistent pressure units.