Assume that time-to-failure is Weibull distributed with ageing parameter α and mean time to failure, MTTF. Further assume that the item is periodically maintained with time between maintenace equal to τ.
The effective failure rate could then be approximated by:
$ \color{blue}{\lambda_{\mathrm{E}}(\tau) = \left ( \frac{\Gamma(1+1/\alpha)}{\mathrm{MTTF}} \right )^\alpha \tau^{\alpha-1}} $
where Γ(x) = the gamma function, and may be found by Γ(x) = Gamma(x) in MS Excel!
To verify this, remember