Question: Problem 3 . ( 2 0 points ) During a turning operation, a high - speed steel tool is used. The price of the tool

Problem 3.(20 points)
During a turning operation, a high-speed steel tool is used. The price of the tool is $55.00 and it is estimated that it can be used a
total of 20 times before it must be scrapped. For the tool, the parameters for the Taylor equation are n=0.125 and C=75(m)/(m)in. The
standard time to grind or regrind the cutting tool is 6 min . and the grinder is paid at a rate of $(50.00)/(h)r. The cost of operator and
machine time is $(45.00)/(h)r. The part to be machined is 250 mm long and 50 mm in diameter. The time to change the tool is 4 min , the
time to load and unload the part is 5 min , and the feed is 0.30m(m)/(r)ev. Calculate the following:
A. Cutting speed for minimum cost
B. Tool life
C. Cycle time
D. Cost per production unit
Problem 3 . ( 2 0 points ) During a turning

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