Reappraising cutting tool economics within the bounds of accountancy theory
- 1 March 1986
- journal article
- research article
- Published by Taylor & Francis in International Journal of Production Research
- Vol. 24 (2) , 269-278
- https://doi.org/10.1080/00207548608919727
Abstract
Current research in cutting tool technology i9 based on absorption costing; within this paper however, this is shown to be an incorrect technique to use. When variable costing, together with DCF, is correctly used, the traditional assumptions which typically result in a 15 minute tool life are found to be erroneous, with the optimum cutting conditions being markedly different from those recommended within existing literature. It is also demonstrated that by. using a correct financial methodology, the viability -of advance processes such as CNC and FMS are improved because the cutting conditions for such machines should differ greatly from those for inexpensive machine tools.Keywords
This publication has 1 reference indexed in Scilit:
- On the Art of Cutting MetalsTransactions of the American Society of Mechanical Engineers, 1906