A Comparative Simulation Study of the Annual Maxima and the Peaks Over Threshold Methods

dc.contributor.author	Caires, Sofia
dc.date.accessioned	2017-05-09T01:32:28Z
dc.date.available	2017-05-09T01:32:28Z
dc.date.issued	2016
dc.identifier.issn	0892-7219
dc.identifier.other	ht_138_09_094503.pdf
dc.identifier.uri	http://yetl.yabesh.ir/yetl/handle/yetl/162288
dc.description.abstract	In order to assess their relative merits in the context of the determination of metocean extremes, the annual maxima (AM) and the peaks over threshold (POT) approaches are compared in terms of their accuracy in estimating exceedance probabilities on the basis of time series with various lengths and with characteristic that mimic those of real time series, such as nonstationarity and serial dependence. Based on the results of this study, the use of the POT approach is recommended. Furthermore, the method of probability weighted moments (PWMs) is recommended for the estimation of the parameters of the generalized Pareto distribution (GPD).
dc.publisher	The American Society of Mechanical Engineers (ASME)
dc.title	A Comparative Simulation Study of the Annual Maxima and the Peaks Over Threshold Methods
dc.type	Journal Paper
dc.journal.volume	138
dc.journal.issue	5
dc.journal.title	Journal of Offshore Mechanics and Arctic Engineering
dc.identifier.doi	10.1115/1.4033563
dc.journal.fristpage	51601
dc.journal.lastpage	51601
dc.identifier.eissn	1528-896X
dc.tree	Journal of Offshore Mechanics and Arctic Engineering:;2016:;volume( 138 ):;issue: 005
dc.contenttype	Fulltext