Mathematical formulas for multi-dimensional isolation analysis via vibrational power transmission can be derived in a rather simple form when the wave effects of the isolators are completely neglected. With increase of frequency range of interest, however, the wave effects play a very important role and hence cannot be neglected. The formulas get involved accordingly. In this study, a method of equivalent stiffness modeling of the isolators to include the wave effects is proposed in such a way that not only the complexity of the mathematical expressions but also that of experiments of necessity can be reduced. This method is illustratively applied to a two-dimensional vibration isolation system with nonrigid source and base structures.