To obtain realistic performance measures for wireless networks, one should consider changes in performance due to failure related behavior. In performability analysis, simultaneous consideration is given to both pure performance and performance with failure measures. SRN is an extension of stochastic Petri nets and provides compact modeling facilities for system analysis. In this paper, a new methodology to model and analyze performability based on stochastic reward nets (SRN) is presented. Composite performance and availability SRN models for wireless handoff schemes are developed and then these models are decomposed hierarchically. The SRN models can yield measures of interest such as blocking and dropping probabilities. These measures are expressed in terms of the expected values of reward rate functions for SRNs. Numerical results show the accuracy of the hierarchical model. The key contribution of this paper constitutes the Petri nets modeling techniques instead of complicate numerical analysis of Markov chains and easy way of performance analysis for channel allocation under SRN reward concepts.