%0 Journal Article
	%A Reza Lotfalian and  Sudarshan Martins and  Peter Radziszewski
	%D 2014
	%J International Journal of Electrical and Computer Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 91, 2014
	%T Reliability-Based Life-Cycle Cost Model for Engineering Systems
	%U https://publications.waset.org/pdf/9998793
	%V 91
	%X 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.

	%P 1247 - 1252