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The field of hazard function analysis (HFA) involves a probabilistic assessment of the ''time to failure'' or ''return period,'' T, of an event of interest. HFA is used in epidemiology, manufacturing, medicine, actuarial statistics, reliability engineering, economics, and elsewhere. For a stationary process, the probability distribution function (pdf) of the return period always follows an exponen... read more
- Read, L. K., and R. M. Vogel (2016), Hazard function analysis for flood planning under nonstationarity, Water Resour. Res., 52, 4116-4131, doi:10.1002/2015WR018370.