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The analysis tools that are currently available for Calibration Intervals focus on setting intervals to achieve a desired reliability target. This paper suggests there is another perspective that these tools do not currently address; consequence cost or accumulated liability. A case is made that sometimes the reliability target is a secondary consideration to managing this consequence cost. The paper also addresses how manufacturers establish calibration intervals. The paper presents, and defends, the practice of using no analysis whatsoever in establishing the manufacturer's recommended calibration interval.