Tornadoes and related damage costs: statistical modeling with a semi-Markov approach

Preprint English OPEN
Chiara Corini; Guglielmo D'Amico; Filippo Petroni; Flavio Prattico; Raimondo Manca;
(2015)
  • Subject: Physics - Atmospheric and Oceanic Physics | Physics - Data Analysis, Statistics and Probability | Quantitative Finance - General Finance
    arxiv: Physics::Atmospheric and Oceanic Physics

We propose a statistical approach to tornadoes modeling for predicting and simulating occurrences of tornadoes and accumulated cost distributions over a time interval. This is achieved by modeling the tornadoes intensity, measured with the Fujita scale, as a stochastic ... View more
  • References (12)
    12 references, page 1 of 2

    [1] Bryan, G. H., Rotunno, R., 2009. Evaluation of an analytical model for the maximum intensity of tropical cyclones. Journal of the Atmospheric Sciences 66 (10), 3042{3060.

    [2] D'Amico, G., Petroni, F., Prattico, F., 2014. http://www.mathworks.com/matlabcentral/ leexchange/48531-semimarkov-toolbox.

    [3] de Melo Mendes, B. V., Pericchi, L. R., 2009. Assessing conditional extremal risk of ooding in puerto rico. Stochastic Environmental Research and Risk Assessment 23 (3), 399{410.

    [4] Dotzek, N., Grieser, J., Brooks, H. E., 2003. Statistical modeling of tornado intensity distributions. Atmospheric research 67, 163{187.

    [5] DAmico, G., Petroni, F., 2012. A semi-markov model for price returns. Physica A: Statistical Mechanics and its Applications 391 (20), 4867{ 4876.

    [6] Fujita, T. T., 1973. Tornadoes around the world. Weatherwise 26 (2), 56{83.

    [7] Janssen, J., Manca, R., 2006. Applied semi-Markov processes. Springer.

    [8] Limnios, N., Oprisan, G., 2001. Semi-Markov processes and reliability. Springer.

    [9] Obeysekera, J., Irizarry, M., Park, J., Barnes, J., Dessalegne, T., 2011. Climate change and its implications for water resources management in south orida. Stochastic Environmental Research and Risk Assessment 25 (4), 495{516.

    [10] Simmons, K. M., Sutter, D., Pielke, R., 2013. Normalized tornado damage in the united states: 1950{2011. Environmental Hazards 12 (2), 132{147.

  • Related Organizations (3)
  • Metrics
Share - Bookmark