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RESEARCH PAPERS

Statistical Extrapolation of Extreme Value Data Based on the Peaks Over Threshold Method

[+] Author and Article Information
A. Naess

Department of Structural Engineering, Norwegian University of Science and Technology, R. Birkelands vei 1a, 7034 Trondheim, Norway

J. Offshore Mech. Arct. Eng 120(2), 91-96 (May 01, 1998) (6 pages) doi:10.1115/1.2829529 History: Received October 16, 1997; Revised February 23, 1998; Online December 17, 2007

Abstract

This paper discusses the use of the peaks over threshold method for estimating long return period design values of environmental loads. Attention is focused on the results concerning the type of asymptotic extreme value distribution for use in the extrapolation to required design values obtained by such methods, which in many cases seem to indicate that the Weibull distribution for maxima is the appropriate one. It will be shown by a closer scrutiny of the underlying estimation process that very often such a conclusion cannot in fact be substantiated.

Copyright © 1998 by The American Society of Mechanical Engineers
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