“…the equipment is improved to a seemingly new condition "better than old" by maintenance action and for the worse repair case i.e. the equipment is brought to a condition "worse than old" than it was in just before the maintenance Reliability modeling and prediction action (Lindqvist, 2006;Muralidharan, 2008;Guo et al, 2000;Pham, 2003;Pulcini, 2001;Shin et al, 1996). Although, it is highly implausible that, any maintenance/repair action brings equipments to "same as new" condition, the renewal process (RP) has been used for perfect repair case (Ascher and Feingold, 1984;Thompson, 1988).…”