Tool Cost Formula:
From: | To: |
The Tool Cost formula calculates the total cost associated with disposable-insert tools by considering both the insert costs and holder costs distributed over their respective usable life cycles.
The calculator uses the Tool Cost equation:
Where:
Explanation: The formula distributes both insert and holder costs over their respective usable cutting edges to determine the cost per cutting operation.
Details: Accurate tool cost calculation is essential for manufacturing cost analysis, process optimization, and budgeting for machining operations involving disposable-insert tools.
Tips: Enter all cost values in dollars and edge counts as positive numbers. Ensure edge count values are greater than zero for accurate calculations.
Q1: Why calculate tool costs per cutting edge?
A: Calculating cost per cutting edge provides a standardized way to compare different tooling options and optimize machining processes economically.
Q2: What factors affect cutting edge life?
A: Material being machined, cutting parameters, tool geometry, coolant usage, and machining conditions all influence cutting edge lifespan.
Q3: How often should tool costs be recalculated?
A: Tool costs should be recalculated whenever material prices change, new tooling options become available, or machining conditions are modified.
Q4: Are there other cost factors to consider?
A: Additional factors may include tool changing time, machine downtime, scrap rates, and quality considerations beyond the basic tool cost calculation.
Q5: How can tool costs be minimized?
A: Costs can be minimized by optimizing cutting parameters, selecting appropriate tool materials, implementing proper tool maintenance, and negotiating better supplier pricing.