The first step in analyzing a problem is to establish a valid model that would represent this problem. The model helps mainly in understanding the problem by depicting it in a visual form. Hence, in order to analyze the reliability of mechatronic systems, we need to understand first how such systems fail and how they behave in the presence of a failure. This understanding would help us later in the analysis and the development of formal solutions to achieve the demanded reliability. This could be achieved using the model that we have developed, which will be presented in this paper.