The product development process at industrial companies has traditionally focused on hardware-oriented solutions. However, a current trend is to extend business offers to include more service-oriented solutions e.g., functional product business models. A functional product typically includes the four main constituent’s hardware, software, service support system and management of operation. Availability is one critical property for functional product businesses which the customer and provider must agree upon. Hence, performing simulations for functional product development and operation enables the possibility for functional product availability prediction andincreases the possibilities for business offerings. Functional product availability...