Abstract
Conventional design practice aims at obtaining optimal estimates of floods with specified exceedance probabilities. Such estimates are, however, known on the average to be exceeded more frequently than expected. Alternatively, methods focusing on the expected exceedance probability can be used. Two different methods are considered here; the first is based on the sample distribution of true exceedance probabilities. The second is a Bayesian analogue using the likelihood function and a noninformative prior to describe the variability of exceedance probabilities. Appropriate analytical solutions are presented in both cases using the partial duration series approach.
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Rasmussen, P.F., Rosbjerg, D. Evaluation of risk concepts in partial duration series. Stochastic Hydrol Hydraul 5, 1–16 (1991). https://doi.org/10.1007/BF01544174
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DOI: https://doi.org/10.1007/BF01544174