【摘要】：The research infrastructure is very crucial for the development of some fundamental research. However,it is costly to buy,install and operate the infrastructure. This paper analyzes the costs and benefits of research infrastructure using a concept termed as investment reliability. Both the costs and the outputs are represented by a cash flow diagram,and the investment reliability is modeled. Different types of outputs are taken into concern in the model formulation. Illustrative examples are proposed to show how to apply the model.