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In today’s marketplace, customer expectations for safe, reliable products with new and enhanced features, all at very affordable prices, presents some serious challenges to system engineers and manufacturers. In addition, customers have an expectation that the products they purchase will be economical to own and operate over time. This is especially true in the automotive industry, as numerous vehicle comparison websites are now utilizing cost per mile of operation as a primary comparison metric. These metric calculations are based on the total cost of ownership for the vehicle (e.g., purchase price, insurance, maintenance, fuel consumption, etc.) and, as such, require system engineers and manufacturers to consider all aspects of product performance from the initial design and production phases to the end of the product’s useful life.
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