Hydraulic infrastructures are commonly designed with reference to target values of flood peak, estimated using probabilistic techniques, such as flood frequency analysis. The application of these techniques underlies levels of uncertainty, which are sometimes quantified but normally not accounted for explicitly in the decision regarding design discharges. The present approach aims at defining a procedure which enables the definition of Uncertainty Compliant Design (UNCODE) values of flood peaks. To pursue this goal, we first demonstrate the equivalence of the Standard design based on the return period and the cost-benefit procedure, when linear cost and damage functions are used. We then use this result to assign an expected cost to estimation errors, thus setting a framework to obtain a design flood estimator which minimizes the total expected cost. This procedure properly accounts for the uncertainty which is inherent in the frequency curve estimation. Applications of the UNCODE procedure to real cases leads to remarkable displacement of the design flood from the Standard values. UNCODE estimates are systematically larger than the Standard ones, with substantial differences (up to 55%) when large return periods or short data samples are considered.
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