“…As will be shown in this paper, for this purpose not only all significant life-cycle costs, such as construction, failure, inspection and rehabilitation costs have to be taken into account, as is done, for example, in existing bridge management systems 5),6),7),8),9), 10) , but also the, in general, state-or time-dependent benefit rates. Because only by specifying both costs and benefits we can rationally define acceptable risks, acceptable failure rates and, consequently, optimal lifetimes 11) .…”