“…The methods developed in the context of degradation-based modelling have been considered as indispensable and operative procedures to make inference on the lifetimes of different sorts of deteriorating systems (see, e.g., Kharoufeh and Cox [1], Park and Padgett [2], Gebraeel and Pan [3], Si et al [4], Jiang et al [5], Rafiee et al [6], Ye and Xie [7], Chen et al [8], Zhai and Ye [9], Zhang et al [10], Huang et al [11], Yousefi et al [12], Dong et al [13], and Balali et al [14]). The lifetime of deteriorating items which exhibit an observable degradation can be generally modeled using a stochastic process and, specifically, by a nonhomogeneous gamma process or nonhomogeneous inverse Gaussian process.…”