I have not done the research, but I suspect that this open-loop calculation is not really worthwhile. People are very different, and if you want to achieve certain benefits you ought to close the loop and measure these benefits directly, then adjust the amount and type of exercise accordingly.
I largely agree, but a lot of the benefits may not be apparent for 10 years or more. A feedback loop that long is hard to use and not strongly motivating for most people.
The question is - am I doing enough exercise?
I intend to provide a worked example for you to work alongside with your own calculations and decide if you should increase or decrease your exercise.
The benefits of physical activity are various and this calculation can be done for one or all of them; some of them include: