Abstract

A method of extreme value analysis is described which incorporates a model reflecting the seasonality of the environment. A point process model is employed with the arrival of storms described as a Poisson process and a generalised Pareto distribution to model the magnitude of the storm. Separate point process models are constructed for each season and then aggregated to provide a basis for estimating the return values. The construction of separate models, including the use of seasonal thresholds, ensures that more appropriate models are fitted to each season's data. The method also reflects the completeness of the environmental record, avoiding the bias that can result from missing data. The potential benefits of the approach include greater accuracy, robustness to missing data and the provision of seasonal return values for mobile systems deployed on a temporary basis. The method is demonstrated in estimating the N year significant wave heights and wind speeds in the northern North Sea.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call