Reliability is the probability that a system will perform satisfactorily under specified operating conditions for a given period of time. It has four main elements: probability, satisfactory performance criteria, specified time period, and operating conditions. A system's reliability can be modeled using a life cycle curve with three phases: debugging, chance failure, and wear-out. Reliability is affected by a system's maintainability and relationships between components in series, parallel, or combined networks can be used to calculate overall reliability.