@article{(Open Science Index):https://publications.waset.org/pdf/9998793,
	  title     = {Reliability-Based Life-Cycle Cost Model for Engineering Systems},
	  author    = {Reza Lotfalian and  Sudarshan Martins and  Peter Radziszewski},
	  country	= {},
	  institution	= {},
	  abstract     = {The effect of reliability on life-cycle cost, including
initial and maintenance cost of a system is studied. The failure
probability of a component is used to calculate the average
maintenance cost during the operation cycle of the component. The
standard deviation of the life-cycle cost is also calculated as an error
measure for the average life-cycle cost. As a numerical example, the
model is used to study the average life-cycle cost of an electric motor.
},
	    journal   = {International Journal of Electrical and Computer Engineering},
	  volume    = {8},
	  number    = {7},
	  year      = {2014},
	  pages     = {1247 - 1252},
	  ee        = {https://publications.waset.org/pdf/9998793},
	  url   	= {https://publications.waset.org/vol/91},
	  bibsource = {https://publications.waset.org/},
	  issn  	= {eISSN: 1307-6892},
	  publisher = {World Academy of Science, Engineering and Technology},
	  index 	= {Open Science Index 91, 2014},
	}