During the design phase of a system, which requires high reliability and safety such as aircraft, high speed train and nuclear power plant, reliability engineer must set up the target system reliability. To meet a reliability goal for the system, reliability allocation should be done gradually from the system to its element. For this end, first of all, we need to construct functional block diagram based on the design output and PWBS(Project Work Breakdown System). Another important input data for reliability allocation is the relationship between the cost and the reliability. In this study we investigate various reliability allocation models, which can be applicable to aircraft, vehicle, and power plant, and etc. And we suggest a proper reliability allocation model which can be effectively applicable to KTX-II high speed train to achieve the target system reliability.