Calculation
| Press hours freed per year | 18,000 press hours x 1 second off each 30-second cycle = 600 |
| Freed hours that orders fill | 600 hours x 70 percent = 420 |
| What fixing it could save per year | 420 hours x $55 per hour = $23,100 |
Assumptions
| Value | ||
|---|---|---|
| Press hours freed per year on the five longest-running jobs | 600 press hours per year | |
| Process technician hours to trial one job | 8 hours per job | |
| Seconds off each cycle from cleaner or colder mold water | 0.5 seconds per cycle | |
| Price of one mold insert with shaped cooling channels | $5,000 | |
| Share of its job's cycle one insert cuts | 5 percent | |
| Value of one more running press hour | $55 per hour | |
| Share of freed press hours that orders fill | 70 percent | |
| Cost of one process technician hour | $52 per hour |
Press hours freed per year on the five longest-running jobs
600 press hours per year
Process technician hours to trial one job
8 hours per job
Seconds off each cycle from cleaner or colder mold water
0.5 seconds per cycle
Price of one mold insert with shaped cooling channels
$5,000
Share of its job's cycle one insert cuts
5 percent
Value of one more running press hour
$55 per hour
Share of freed press hours that orders fill
70 percent
Cost of one process technician hour
$52 per hour