A method for evaluating existing drill bits and drill bit designs includes measuring several desired characteristics of a bit, including the wear experienced in drilling a formation, such as an actual formation or a simulated formation or a laboratory test fixture. A computer model may be used to evaluate the work-force and/or the sliding-wear rates that cutting elements of the bit experience as compared with the rate-of-penetration and/or durability of the bit. This information may be used to design a new drill bit, which may involve modification of the cutting elements {e.g., moving the location, volume (size and shape) or number of cutting elements from areas of the bit that receive lower work-force and sliding-wear rates to those areas that experience relatively greater work-force and sliding wear-rates. This may permit the cutting elements to be oriented more aggressively relative to a formation to be drilled. Other parameters that may be optimized include the bit profile, blade count, hydraulics, or the like.
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