The embodiment of the invention provides a modeling method of an early warning model of mixed failures and a modeling system. The modeling method provided by the invention comprises the following steps of: generating a function analyzing module on the basis of HAZOP (Hazard and Operability Analysis) or FMEA (Failure Mode and Effects Analysis); generating a degeneration analyzing module on the basis of FMEA analyzing results and a theory of stochastic processes; generating an accident analyzing module according to state monitoring data and maintenance action information; generating an action analyzing module according to output results of the function analyzing module and the degeneration analyzing module through combining a DBN (Dynamic Bayesian Network) theory; taking the output of the accident analyzing module as an inference evidence and utilizing a DBN inference algorithm to process forward and backward inferences in the same time period to generate an evaluating module for outputting factors and consequences of system failures; taking the output results of the evaluating module and the accident analyzing module as the inference evidence and utilizing the DBN inference algorithm to process forward and backward inferences in the different time periods to generate a predicating module for outputting prospective degeneration tendencies of each member of the system. The model provided by the invention can be used for tracking the failure factors of the system and inferring possible failure consequences and probability.