life cycle cost

This work develops a new methodology to minimize the life cycle cost of a product using the decision variables controlled by a reliability/quality professional during a product development process. This methodology incorporates all product dependability-related activities into a comprehensive probabilistic cost model that enables minimization of the product's life cycle cost using the product dependability control variables. The primary model inputs include the cost of ownership of test equipment, forecasted cost of warranty returns, and environmental test parameters of a ...