IDEAS home Printed from https://ideas.repec.org/a/spr/nathaz/v70y2014i2p1181-1195.html
   My bibliography  Save this article

Hurricane wind risk in Louisiana

Author

Listed:
  • Jill Trepanier
  • Kelsey Scheitlin

Abstract

A statistical procedure for estimating the risk of strong winds from hurricanes, known as the Hurricane Risk Calculator, is demonstrated and applied to several major cities in Louisiana. The procedure provides an estimate of wind risk over different length periods and can be applied to any location experiencing this hazard. Results show that an area 100 km around the city of New Orleans can expect to see hurricane winds blowing at 49 ms −1 (44.3–53.7) [90 % confidence interval (CI)] or stronger, on average, once every 20 years. In comparison, for the same time period, the capital city of Baton Rouge and the surrounding area can expect to see hurricane winds of 43 ms −1 (38.2–47.8) (90 % CI) or stronger. Hurricane track direction is also analyzed at the cities of interest. For Morgan City, Lafayette, Lake Charles, and Alexandria, tropical cyclones with winds at least 18 ms −1 travel from the southeast to northwest. New Orleans and Baton Rouge tropical cyclones have a greater tendency to turn toward the east while within 100 km of the city, historically giving them a southwesterly approach. Tropical cyclones within 350 km off the south-central Louisiana coast occur most often in September, and the most extreme of these events are becoming stronger through time as shown with quantile regression. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • Jill Trepanier & Kelsey Scheitlin, 2014. "Hurricane wind risk in Louisiana," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 70(2), pages 1181-1195, January.
    • Handle: RePEc:spr:nathaz:v:70:y:2014:i:2:p:1181-1195
    DOI: 10.1007/s11069-013-0869-6
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11069-013-0869-6
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11069-013-0869-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. James B. Elsner & James P. Kossin & Thomas H. Jagger, 2008. "The increasing intensity of the strongest tropical cyclones," Nature, Nature, vol. 455(7209), pages 92-95, September.
    2. Paul Embrechts & Sidney Resnick & Gennady Samorodnitsky, 1999. "Extreme Value Theory as a Risk Management Tool," North American Actuarial Journal, Taylor & Francis Journals, vol. 3(2), pages 30-41.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pankaj Bhardwaj & Omvir Singh & R. B. S. Yadav, 2020. "Probabilistic assessment of tropical cyclones’ extreme wind speed in the Bay of Bengal: implications for future cyclonic hazard," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 101(1), pages 275-295, March.
    2. Jian Li & Kaan Ozbay & Bekir Bartin, 2015. "Effects of Hurricanes Irene and Sandy in New Jersey: traffic patterns and highway disruptions during evacuations," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 78(3), pages 2081-2107, September.
    3. Kelsey Ellis & Linda Sylvester & Jill Trepanier, 2015. "Spatiotemporal patterns of extreme hurricanes impacting US coastal cities," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 75(3), pages 2733-2749, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rand Kwong Yew Low, 2018. "Vine copulas: modelling systemic risk and enhancing higher‐moment portfolio optimisation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(S1), pages 423-463, November.
    2. Bucher, Axel & El Ghouch, Anouar & Van Keilegom, Ingrid, 2014. "Single-index quantile regression models for censored data," LIDAM Discussion Papers ISBA 2014001, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    3. S. Seo, 2014. "Estimating Tropical Cyclone Damages Under Climate Change in the Southern Hemisphere Using Reported Damages," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(3), pages 473-490, July.
    4. Makena Coffman & Ilan Noy, 2009. "In the Eye of the Storm: Coping with Future Natural Disasters in Hawaii," Working Papers 200904, University of Hawaii at Manoa, Department of Economics.
    5. Carlin C. F. Chu & Simon S. W. Li, 2024. "A multiobjective optimization approach for threshold determination in extreme value analysis for financial time series," Computational Management Science, Springer, vol. 21(1), pages 1-14, June.
    6. De Backer, Mickael & El Ghouch, Anouar & Van Keilegom, Ingrid, 2017. "An Adapted Loss Function for Censored Quantile Regression," LIDAM Discussion Papers ISBA 2017003, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    7. Pawel Siarka, 2012. "Implementation of the Stress Test Methods in the Retail Portfolio," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 2(6), pages 1-2.
    8. Amira Dridi & Mohamed El Ghourabi & Mohamed Limam, 2012. "On monitoring financial stress index with extreme value theory," Quantitative Finance, Taylor & Francis Journals, vol. 12(3), pages 329-339, March.
    9. Yi Li & Youmin Tang & Shuai Wang & Ralf Toumi & Xiangzhou Song & Qiang Wang, 2023. "Recent increases in tropical cyclone rapid intensification events in global offshore regions," Nature Communications, Nature, vol. 14(1), pages 1-9, December.
    10. Gaglianone, Wagner Piazza & Lima, Luiz Renato & Linton, Oliver & Smith, Daniel R., 2011. "Evaluating Value-at-Risk Models via Quantile Regression," Journal of Business & Economic Statistics, American Statistical Association, vol. 29(1), pages 150-160.
    11. Fabian Barthel & Eric Neumayer, 2012. "A trend analysis of normalized insured damage from natural disasters," Climatic Change, Springer, vol. 113(2), pages 215-237, July.
    12. Ghosh Indranil, 2019. "On the Reliability for Some Bivariate Dependent Beta and Kumaraswamy Distributions: A Brief Survey," Stochastics and Quality Control, De Gruyter, vol. 34(2), pages 115-121, December.
    13. Lillo, Fabrizio & Livieri, Giulia & Marmi, Stefano & Solomko, Anton & Vaienti, Sandro, 2023. "Unimodal maps perturbed by heteroscedastic noise: an application to a financial systems," LSE Research Online Documents on Economics 120290, London School of Economics and Political Science, LSE Library.
    14. Zhang, Zhengjun & Zhu, Bin, 2016. "Copula structured M4 processes with application to high-frequency financial data," Journal of Econometrics, Elsevier, vol. 194(2), pages 231-241.
    15. Zhao, Zifeng & Zhang, Zhengjun & Chen, Rong, 2018. "Modeling maxima with autoregressive conditional Fréchet model," Journal of Econometrics, Elsevier, vol. 207(2), pages 325-351.
    16. Anna C. Peterson & Himanshu Sharma & Arvind Kumar & Bruno M. Ghersi & Scott J. Emrich & Kurt J. Vandegrift & Amit Kapoor & Michael J. Blum, 2021. "Rodent Virus Diversity and Differentiation across Post-Katrina New Orleans," Sustainability, MDPI, vol. 13(14), pages 1-18, July.
    17. Matteo Coronese & Francesco Lamperti & Francesca Chiaromonte & Andrea Roventini, 2018. "Natural Disaster Risk and the Distributional Dynamics of Damages," LEM Papers Series 2018/22, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    18. Mohan, Preeya, 2017. "The economic impact of hurricanes on bananas: A case study of Dominica using synthetic control methods," Food Policy, Elsevier, vol. 68(C), pages 21-30.
    19. Gencay, Ramazan & Selcuk, Faruk & Ulugulyagci, Abdurrahman, 2003. "High volatility, thick tails and extreme value theory in value-at-risk estimation," Insurance: Mathematics and Economics, Elsevier, vol. 33(2), pages 337-356, October.
    20. Silvia Figini & Ron Kenett & SILVIA SALINI, 2010. "Integrating Operational and Financial Risk Assessments," UNIMI - Research Papers in Economics, Business, and Statistics unimi-1099, Universitá degli Studi di Milano.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:nathaz:v:70:y:2014:i:2:p:1181-1195. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.