Calculation of different Cost elements:
Let ; D= Diameter of job in mm
L= length of the job in mm
f=feed in mm/rev
N= rotational speed.= $\frac{1000 V}{(π ×D}$
$t_m$ =machining speed of work piece. =$\frac{L}{f ×N}$
$t_h$= handling or loading time.
$K_1$= Operating cost.
$t_{c}$= tool changing time for one edge
We know that;
Cost of manufacturing one piece= handling cost per piece+ Machining cost per pc.+
Tool change cost per pc.+ Tool cost per pc ……..1
Handling Cost per pc.
Handling Cost per pc (Rs/pc)=$ t_h \times K_{1}$
= $t_h . K_{1}$………2
Machining cost per pc.
Machining cost per pc. = $t_{m}\times K_{1}$
=$K_1 . t_m$…………………3
=$K1. \frac{ L}{f ×N}$
= $K_1. \frac{L π D}{f ×1000 V}$
= $K_1 .\frac{L π D}{f \times 1000}\frac{1}{ V}$
= $K_1. \frac{K}{V}$ ………………………4
Tool change cost per pc.
$t_m$=machining time (min)
T=tool life (min)
Number of edges required to manufacture one piece = $\frac{t_m}{T}$
tool changing cost per pc. = $tc \times \frac{t_{m}}{T} \times K_{1}$
= $K_1 \times t_c \times \frac{t_{m}}{T}$ ……………..5
= $K_1 \times t_c \times \frac{K}{V}\times \frac{1}{T}$ …………6 (from eqn. 3 & 4)
Taylors tool life eqn.
$4VT^{n}$=C
∴ $T=\frac{C^{1⁄n}}{V^{1⁄n}}$ ……………7
put in eqn. 6
tool changing cost per pc. = $K_1\times t_c \times \frac{K}{V }×\frac{V^{1⁄n}}{C^{1⁄n}}$
=$ K_1 \times t_c \times \frac{K}{(C^{1⁄n}} \times V^{1⁄n} x V-1$
= $K_1 \times t_c \times \frac{K}{C^{1⁄n}} \times V^{\frac{1-n}{n}}$……….8
Tool cost per pc.
Let; $K_2$=tool cost per edge.
tool cost per piece = (no. of tool edges required to produce one pc.) x (tool cost per edge.)
= $\frac{t_m}{T} \times K_2$
= $ K_2 \times \frac{t_{m}}{T} $
=$K_2 x \frac{K}{C^{1⁄n}} × V^\frac{1-n}{n}$ ……….9
Expression of optimum cutting speed for minimum cost of production:
from eqn. 1, 2, 4, 8, 9
Cost of manufacturing one piece= $t_h . K_1 + K_1. \frac{K}{V} + K_1 \times t_c \times \frac{K}{C^{1⁄n}} ×V^\frac{1-n}{n}+ K_2 x \frac{K}{C^{1⁄n}} ×V^\frac{1-n}{n}$=
$ t_h . K_1 + K_1. \frac{K}{V} + \frac{K}{C^{1⁄n}} (K_1. t_c+ K_2) .V^\frac{1-n}{n}$
for min cost of production
$\frac{.d}{dV}$ (RHS)=0
$0+(-K_1. \frac{K}{V^2}) + \frac{K}{C^(1⁄n)}(K_1. t_c+ K_2) .V^\frac{1-2n}{n}$ = 0
⇛$V^\frac{1-2n}{n} .V^2= K_1 . C^{1⁄n} \frac{1}{(K_1 t_c+K_2)} . \frac{n}{1-n}$
⇛$V_{min}=C.[\frac{n}{1-n}×\frac{K_1}{K_1 t_c+K_2}]^n$
this is an eqn. of cutting speed for min cost of production.
To find corresponding tool life
$VT^n$=C
$T_{min}=[\frac{C}{V_min} ]^{\frac{1}{n}}$
$\left[\frac{c}{c[\frac{n}{1-n}\times \frac{K_{1}}{k_{1}t_{c}+k_{2}}]}\right]^{\frac{1}{n}}$
$T_{min}=\frac{n}{1-n} × \frac{K_1 t_c+K_2}{K_1}$
this is the eqn. for tool life for min cost of production
$ VT^{n}=C$
$T_{max}=[\frac{C}{V_{max}}]^{1/n}$
$T_{max}=\left[\frac{c}{c[\frac{1}{t_C}\times \frac{n}{1-n}]^{n}}\right]^{\frac{1}{n}}$
$T_{max}= \frac{t_c (1-n)}{n}$
this is the eqn. for tool life for max. Rate of production.