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Extreme value statistics provides accurate estimates for the small occurrence probabilities of rare events. While theory and statistical tools for univariate extremes are well-developed, methods for high-dimensional and complex data sets…

Methodology · Statistics 2021-01-06 Sebastian Engelke , Jevgenijs Ivanovs

The occurrence of some extreme events (such as marine heatwaves or exceptional circulations) can cause other extreme events (such as heatwave, drought and flood). These concurrent extreme events have a great impact on environment and human…

Atmospheric and Oceanic Physics · Physics 2025-09-08 Siyang Yu , Yu Huang , Zuntao Fu

Climate change is amplifying extreme precipitation events in many regions and imposes substantial challenges for the resilience of road drainage infrastructure. Conventional design storm methodologies, which rely on historical trends of…

Geophysics · Physics 2025-08-15 Mohammad Fereshtehpour , Rashid Bashir , Neil F. Tandon

Driven by the increasing frequency and intensity of natural disasters and chronic climate threats, we investigate the impact of physical climate risk on global equity portfolios. By employing a panel regression analysis on sectoral returns,…

Portfolio Management · Quantitative Finance 2026-04-14 Michele Azzone , Carlo Bechi , Gabriele Sbaiz

A review of economic approaches showed the lack of a universal method for assessing management decisions in the face of an increasing volume of analyzed data and changing parameters of the external environment. The method of integral…

Optimization and Control · Mathematics 2024-12-20 Sergey Masaev

Understanding how species persist under interacting stressors is a central challenge in ecology. We develop a spatially explicit reaction-diffusion framework to investigate competing species in landscapes shaped by climate variability,…

Populations and Evolution · Quantitative Biology 2026-02-02 Ton Viet Ta

This paper discusses a framework to design elements of the plant and control systems for floating offshore wind turbines in an integrated manner using linear parameter-varying models. Multiple linearized models derived from aeroelastic…

Systems and Control · Electrical Eng. & Systems 2023-11-09 Athul Krishna Sundarrajan , Yong Hoon Lee , James T Allison , Daniel Zalkind , Daniel Herber

Marine heatwaves (MHWs), an extreme climate phenomenon, pose significant challenges to marine ecosystems and industries, with their frequency and intensity increasing due to climate change. This study introduces an integrated deep learning…

Atmospheric and Oceanic Physics · Physics 2024-12-09 Ding Ning , Varvara Vetrova , Yun Sing Koh , Karin R. Bryan

Extreme weather events have an enormous impact on society and are expected to become more frequent and severe with climate change. In this context, resilience planning becomes crucial for risk mitigation and coping with these extreme…

An unmanned autonomous vehicle (UAV) is sent on a mission to explore and reconstruct an unknown environment from a series of measurements collected by Bayesian optimization. The success of the mission is judged by the UAV's ability to…

Machine Learning · Statistics 2021-04-09 Antoine Blanchard , Themistoklis Sapsis

The estimation of extreme loads from waves is an essential part of the design of an offshore wind turbine. Standard design codes suggest to either use simplified methods based on regular waves, or to perform fully nonlinear computations.…

Assessing climate risk and its potential impacts on our cities and economies is of fundamental importance. Extreme weather events, such as hurricanes, floods, and storm surges can lead to catastrophic damages. We propose a flexible approach…

Risk Management · Quantitative Finance 2024-02-06 Chi Truong , Matteo Malavasi , Han Li , Stefan Trueck , Pavel V. Shevchenko

In empirical research, this article uses daily climate data provided by the National Oceanic and Atmospheric Administration (NOAA) of the United States to construct a temperature box with a range of 5\( ^\circ\text{C} \), focusing on…

General Economics · Economics 2025-03-19 Bo Wu

Models for extreme values accommodating non-stationarity have been amply studied and evaluated from a parametric perspective. Whilst these models are flexible, in the sense that many parametrizations can be explored, they assume an…

Applications · Statistics 2022-02-16 Evandro Konzen , Claudia Neves , Philip Jonathan

The modelling of multivariate extreme events is important in a wide variety of applications, including flood risk analysis, metocean engineering and financial modelling. A wide variety of statistical techniques have been proposed in the…

Methodology · Statistics 2025-09-16 Callum John Rowlandson Murphy-Barltrop , Ed Mackay , Philip Jonathan

Understanding the complex structure of multivariate extremes is a major challenge in various fields from portfolio monitoring and environmental risk management to insurance. In the framework of multivariate Extreme Value Theory, a common…

Machine Learning · Statistics 2021-02-09 Hamid Jalalzai , Rémi Leluc

Determining the causes of extreme events is a fundamental question in many scientific fields. An important aspect when modelling multivariate extremes is the tail dependence. In application, the extreme dependence structure may…

Methodology · Statistics 2022-12-21 Juraj Bodik , Linda Mhalla , Valérie Chavez-Demoulin

Flood quantile estimation is of great importance for many engineering studies and policy decisions. However, practitioners must often deal with small data available. Thus, the information must be used optimally. In the last decades, to…

Applications · Statistics 2009-11-13 Mathieu Ribatet , Taha B. M. J. Ouarda , Eric Sauquet , Jean-Michel Grésillon

It is no secret that statistical modelling often involves making simplifying assumptions when attempting to study complex stochastic phenomena. Spatial modelling of extreme values is no exception, with one of the most common such…

Applications · Statistics 2025-05-05 Lydia Kakampakou , Emma S. Simpson , Jennifer L. Wadsworth

From environmental sciences to finance, there is a growing demand for methods that can assess the risks of extreme events beyond those observed in available data. Extrapolating extreme events beyond the range of the data is not obvious.…

Methodology · Statistics 2026-04-07 Boris Beranger , Simone A. Padoan