Finding Minimum Cost Tool Grouping Schemes on Machining Systems

1997 ◽  
Author(s):  
Derek Yip-Hoi ◽  
Debasish Dutta
Keyword(s):  
Tool Life ◽  
Minimum Cost ◽  
Good Tool ◽  
Machining Center ◽  
Grouping Strategy ◽  
Cost Strategy ◽  
Grouping Strategies ◽  
Machining System ◽  
The Cost ◽  
Cost Components

Abstract Changing worn tools is a major concern in planning operations on machining systems. Strategies for replacing tools range from changing each tool as it reaches its projected tool life, to changing all tools when the tool with the shortest life on the machining system is expended. Intermediate strategies involve changing tools in groups. Each of these strategies has two cost components associated with it: (1) the cost of lost production due to machine tool stoppage, and (2) the cost of unused tool life. The best tool grouping strategy minimizes the combined cost of lost production. In this paper we present an approach for finding good tool grouping strategies from inputs that include the tool utilization for a given machining application, and the tooling and machining system costs. A genetic algorithm is used as the underlying optimization paradigm for finding the minimum cost strategy. An example is presented for a part produced on a machining center.

Finding Minimum Cost Tool Grouping Schemes on Machining Systems

1999 ◽  
Vol 122 (3) ◽  
pp. 543-548 ◽  
Author(s):  
Derek Yip-Hoi ◽  
Debasish Dutta
Keyword(s):  
Tool Life ◽  
Minimum Cost ◽  
Good Tool ◽  
Machining Center ◽  
Grouping Strategy ◽  
Cost Strategy ◽  
Grouping Strategies ◽  
Machining System ◽  
The Cost ◽  
Cost Components

Changing worn tools is a major concern in planning operations on machining systems. Strategies for replacing tools range from changing each tool as it reaches its projected tool life, to changing all tools when the tool with the shortest life on the machining system is expended. Intermediate strategies involve changing tools in groups. Each of these strategies has two cost components associated with it: (1) the cost of lost production due to machine tool stoppage, and (2) the cost of unused tool life. The best tool grouping strategy minimizes the combined cost of lost production. In this paper we present an approach for finding good tool grouping strategies from inputs that include the tool utilization for a given machining application, and the tooling and machining system costs. A genetic algorithm is used as the underlying optimization paradigm for finding the minimum cost strategy. An example is presented for a part produced on a machining center. [S1087-1357(00)00303-8]

Improved Model to Determine the Tool Life and the Cutting Speed for Minimum Cost at Drilling the Steel 10TiMoNiCr175

2013 ◽  
Vol 837 ◽  
pp. 234-238
Author(s):  
Aurelian Vlase ◽  
Ovidiu Blăjină ◽  
Vlad Darie
Keyword(s):  
Tool Life ◽  
Programming Model ◽  
Cutting Speed ◽  
Minimum Cost ◽  
Machining Process ◽  
Manufacturing Activity ◽  
Nonlinear Programming Model ◽  
Improved Model ◽  
The Cost ◽  
Accuracy Of Prediction

In the specialized literature the cost of the machining process has been analyzed using a number of approaches and varying degrees of simplification to determine the optimum tool life and the tool speed. The accuracy of prediction is dependent on the degree of sophistication of the model. The purpose of this paper is the optimization of the cutting tool life and the cutting speed at the drilling of the stainless steels in terms of the minimum machining cost. A more comprehensive nonlinear programming model to minimize the total cost at the drilling of a stainless steel is developed in this paper. The optimum tool life and the associated tool speed are obtained by solving this model. The results can be taken into consideration in the educational studies and in the theoretical technical research. They can be implemented in the manufacturing activity.

Computerized Determination and Analysis of Cost and Production Rates for Machining Operations. Part 1—Turning

1968 ◽  
Vol 90 (3) ◽  
pp. 455-466 ◽  
Author(s):  
M. Field ◽  
N. Zlatin ◽  
R. Williams ◽  
M. Kronenberg
Keyword(s):  
Machine Tool ◽  
Production Rate ◽  
Tool Life ◽  
Mathematical Expression ◽  
Minimum Cost ◽  
Rate Equations ◽  
Production Rates ◽  
Life Data ◽  
Maximum Production Rate ◽  
The Cost

Two of the most important factors in any machining operation are the cost per piece and the production rate. Equations have been developed which enable one to calculate these two factors for a given machining operation on a given part and machine tool. Generalized equations for cost and production rate are presented for turning, milling, drilling, reaming, and tapping. The items which make up the cost and production rate can be readily evaluated in each of the equations. The generalized cost per piece and production-rate equations for turning are then expanded to cover brazed and throwaway carbide tools and solid HSS tools. In order to use these equations, it is necessary to have available pertinent tool-life data for each of the tools under the actual machining conditions. Typical tool-life data have been generated and are shown here for a variety of alloys. All of the aforementioned equations have been programmed on a computer so that the cost and production rates can be readily calculated for specific parts, operations, and machine-tool combinations. The computer will print out not only the cost and production rate but also a detailed cost breakdown. A visual examination of each of the cost and production-rate factors makes possible a rapid analysis of the significance of each of the items making up the total cost and production rates. In addition, the cost and production-rate equations for turning have also been optimized. Thus calculations can be made to determine the minimum cost per piece and the maximum production rate for the cases where a mathematical expression, such as the Taylor equation, can be applied relating tool life and cutting speeds. Any projection beyond experimental data would have to be verified to serve as a guide for shop use.

The Effect of Experimental Error on the Determination of the Optimum Metal-Cutting Conditions

1967 ◽  
Vol 89 (2) ◽  
pp. 315-322 ◽  
Author(s):  
D. S. Ermer ◽  
S. M. Wu
Keyword(s):  
Tool Life ◽  
Experimental Error ◽  
Metal Cutting ◽  
Cutting Speed ◽  
Minimum Cost ◽  
Minimax Principle ◽  
Life Testing ◽  
Cost Cutting ◽  
The Cost

The effect of experimental error in tool life testing on the determination of the minimum cost cutting speed (Vmin) is investigated by using the concept of statistical inference. It is shown that Vmin is not uniquely defined but lies within a probable interval of cutting speeds, and that this interval is affected by the cost and time parameters and the experimental range of feed in tool life testing. The selection of a specific speed from the Vmin confidence interval is illustrated by a decision rule based on the minimax principle.

A generalized fuzzy cost efficiency model

2020 ◽  
Vol 54 (6) ◽  
pp. 1775-1791
Author(s):  
Nazila Aghayi ◽  
Samira Salehpour
Keyword(s):  
Cost Efficiency ◽  
Minimum Cost ◽  
Extensive Literature ◽  
Data Envelopment ◽  
Fuzzy Environment ◽  
Decision Making Unit ◽  
Production Possibility Set ◽  
Fuzzy Cost ◽  
The Cost ◽  
Generalized Cost

The concept of cost efficiency has become tremendously popular in data envelopment analysis (DEA) as it serves to assess a decision-making unit (DMU) in terms of producing minimum-cost outputs. A large variety of precise and imprecise models have been put forward to measure cost efficiency for the DMUs which have a role in constructing the production possibility set; yet, there’s not an extensive literature on the cost efficiency (CE) measurement for sample DMUs (SDMUs). In an effort to remedy the shortcomings of current models, herein is introduced a generalized cost efficiency model that is capable of operating in a fuzzy environment-involving different types of fuzzy numbers-while preserving the Farrell’s decomposition of cost efficiency. Moreover, to the best of our knowledge, the present paper is the first to measure cost efficiency by using vectors. Ultimately, a useful example is provided to confirm the applicability of the proposed methods.

Main approaches to estimating the cost of shareholder equity of oil and gas producers

2020 ◽  
Vol 26 (3) ◽  
pp. 685-697
Author(s):  
O.V. Shimko
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Minimum Cost ◽  
Free Cash Flow ◽  
Annual Reports ◽  
Comparative Approach ◽  
Economic Activities ◽  
Advantages And Disadvantages ◽  
Oil And Gas Producers ◽  
The Cost

Subject. The study analyzes generally accepted approaches to assessing the value of companies on the basis of financial statement data of ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum, Devon Energy, Anadarko Petroleum, EOG Resources, Apache, Marathon Oil, Imperial Oil, Suncor Energy, Husky Energy, Canadian Natural Resources, Royal Dutch Shell, Gazprom, Rosneft, LUKOIL, and others, for 1999—2018. Objectives. The aim is to determine the specifics of using the methods of cost, DFC, and comparative approaches to assessing the value of share capital of oil and gas companies. Methods. The study employs methods of statistical analysis and generalization of materials of scientific articles and official annual reports on the results of financial and economic activities of the largest public oil and gas corporations. Results. Based on the results of a comprehensive analysis, I identified advantages and disadvantages of standard approaches to assessing the value of oil and gas producers. Conclusions. The paper describes pros and cons of the said approaches. For instance, the cost approach is acceptable for assessing the minimum cost of small companies in the industry. The DFC-based approach complicates the reliability of medium-term forecasts for oil prices due to fluctuations in oil prices inherent in the industry, on which the net profit and free cash flow of companies depend to a large extent. The comparative approach enables to quickly determine the range of possible value of the corporation based on transactions data and current market situation.

Perancangan dan Pembuatan Alat Bantu Meja Putar untuk Mesin Cnc 4 Axis

2016 ◽  
Vol 10 (2) ◽  
pp. 162-171
Author(s):  
Hafid Hafid ◽  
Tatang Sutisna
Keyword(s):  
Processing Time ◽  
Rotary Table ◽  
Engineering Process ◽  
Cnc Machine ◽  
Economical Analysis ◽  
Machining Center ◽  
Design And Manufacturing ◽  
The Cost ◽  
Productivity And Competitiveness

The design and manufacturing of the rotary table with the specification Ø 170 mm (6 inches) for CNC machine 4 axis has been done. The objective of manufacturing a rotary table is to increase the efficiency of CNC machine Hardford 4 axis to be above 80% in line machining center CV. IM’s workshop. The engineering methods was taken, consist of: working preparation, manufacturing of working drawing, engineering process, the manufacturing and testing. The prototype has been tested and operated, the resulting of increasing productivity of which were as follows: the process of assembling was increased to be 3 time ( before 1 time) and processing time for a specific case reduced from 5 hours to 3 hours, number of operators for the case of assembling the rotary reduced to 1 person (before 4 persons), safety and security become to be better. The results show increased efficiency of CNC machine Hardford, from under 50% to be above 80%. Based on the economical analysis obtained by the cost of good sold (C.G.S) of the rotary table is IDR 34.060.000. The results presented in this paper is expected to be case study for developing a business of the metal and engineering SMEs domestic to the effort of improving efficiency, quality, productivity and competitiveness in global market.ABSTRAKPerancangan dan pembuatan alat bantu meja putar (rotary table) dengan spesifikasi teknis Ø 170 mm (6 inci) untuk mesin CNC 4 axis telah dilakukan. Tujuan pembuatan rotary table adalah untuk meningkatkan efisiensi mesin CNC Hardford 4 axis di atas 80% pada line machining center Bengkel CV. IM. Metode rancang bangun yang dilakukan, meliputi: persiapan kerja, pembuatan gambar kerja, proses engineering, pembuatan dan uji coba. Prototip tersebut telah diuji coba dan dioperasikan dengan hasil peningkatan produktivitas sebagai berikut: proses pengerjaan bongkar pasang meningkat menjadi 3 kali (sebelumnya 1 kali) dan waktu pengerjaan untuk kasus tertentu berkurang dari 5 jam menjadi 3 jam, jumlah operator untuk kasus bongkar pasang rotary berkurang menjadi 1 orang (sebelumnya 4 orang), keselamatan kerja dan keamanan menjadi lebih baik. Hasil peningkatan berupa efisiensi mesin CNC Hardford 4 axis dari sebelumnya di bawah 50% menjadi di atas 80%. Berdasarkan hasil perhitungan analisis ekonomi diperoleh harga pokok produksi (HPP) alat bantu meja putar adalah sebesar Rp. 34.060.000. Bahasan ini diharapkan menjadi contoh kasus bagi pengembangan usaha IKM logam dan mesin dalam negeri untuk meningkatkan efisiensi, mutu, produktivitas dan keunggulan daya saing di pasar global.Kata kunci: alat bantu meja putar, mesin CNC, harga pokok produksi

A claims problem approach to the cost allocation of a minimum cost spanning tree

2021 ◽  
Author(s):  
José-Manuel Giménez-Gómez ◽  
Josep E. Peris ◽  
Begoña Subiza
Keyword(s):  
Spanning Tree ◽  
Cost Allocation ◽  
Minimum Cost ◽  
Claims Problem ◽  
The Cost

scholarly journals Hospital Construction Cost Affecting Their Lifecycle: An Italian Overview

Healthcare ◽  
2021 ◽  
Vol 9 (7) ◽  
pp. 888
Author(s):  
Leopoldo Sdino ◽  
Andrea Brambilla ◽  
Marta Dell’Ovo ◽  
Benedetta Sdino ◽  
Stefano Capolongo
Keyword(s):  
Healthcare Services ◽  
Construction Cost ◽  
Design Stage ◽  
Quality Healthcare ◽  
Healthcare Facilities ◽  
Early Design Stage ◽  
Hospital Facility ◽  
Italian Context ◽  
The Cost ◽  
Cost Components

The need for 24/7 operation, and the increasing requests of high-quality healthcare services contribute to framing healthcare facilities as a complex topic, also due to the changing and challenging environment and huge impact on the community. Due to its complexity, it is difficult to properly estimate the construction cost in a preliminary phase where easy-to-use parameters are often necessary. Therefore, this paper aims to provide an overview of the issue with reference to the Italian context and proposes an estimation framework for analyzing hospital facilities’ construction cost. First, contributions from literature reviews and 14 case studies were analyzed to identify specific cost components. Then, a questionnaire was administered to construction companies and experts in the field to obtain data coming from practical and real cases. The results obtained from all of the contributions are an overview of the construction cost components. Starting from the data collected and analyzed, a preliminary estimation tool is proposed to identify the minimum and maximum variation in the cost when programming the construction of a hospital, starting from the feasibility phase or the early design stage. The framework involves different factors, such as the number of beds, complexity, typology, localization, technology degree and the type of maintenance and management techniques. This study explores the several elements that compose the cost of a hospital facility and highlights future developments including maintenance and management costs during hospital facilities’ lifecycle.

Enterprise Inventory Control Based on Supply Chain Management

2012 ◽  
Vol 472-475 ◽  
pp. 3273-3276
Author(s):  
Qing Ying Zhang ◽  
Ying Chi ◽  
Yu Liu ◽  
Qian Shi
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Inventory Control ◽  
Control Strategies ◽  
Minimum Cost ◽  
Chain Management ◽  
Main Target ◽  
The Cost

The main target of supply chain management is to control inventory of each node enterprise effectively with the minimum cost. In this paper, the control strategies and methods of inventory based on supply chain management are put forward, which are significant for saving the cost of supply chain and improving the overall benefits of the whole chain.

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