IJME 223tn

Paper Title: On the Application of the Extreme Value Theory in Ship’s Strength Calculations

Authors

L D Ivanov, retired (formerly with American Bureau of Shipping), USA

Summary

A procedure is proposed for application of the extreme value theory (EVT) approach considering not only the maximal value of the corresponding random variable but also its probability of exceedance. It substantially reduces the probability of exceedance of any given limit value used in the case when traditional EVT is applied. Examples are provided to illustrate its application when records of the random process are available.

Reference

Transactions RINA, Vol 154, Part A2, International Journal Maritime Engineering, Apr-Jun 2012

DOI Number

DOI No: 10.3940/rina.ijme.2012.a2.223tn

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