@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}, }