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2008 ARS, India Reliability Cost Elements – An Overview While the product cost basically
involves the manufacturing cost and profit elements; the
operational cost also involves the maintenance costs and failure
costs, which are directly related to the inherent reliability of
the product. A failure occurrence triggers a set of actions not
only to restore serviceability of the product but, if the failed
part is repairable, also for repair and rectification. All of
these actions bear an element of cost. Key Words: Product Cost, Failure Cost, Cost of Reliability, Reliability Cost, Spares Cost, Defect Investigation Cost, Logistics Cost
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