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             Extreme Value (PEV)  at  possibility level a (risk parameter)  can be  determined by  (Bhattacharyya,
             1978; Ochi, 1981)

                                                                            for E S 0.9  (2)

                                                              .
                                                                          ,
                                                           Ts
             in which N is the number of observations (or cycles), N = (60)  - + J‘:2 E and rq is the time
                                                           4n  JG-
             length of wave data, unit of time in hours. When a=l, xPE,,=xeJ,,=, represents the value that  may be
             exceeded once out of N observations. a (I 1)  is chosen at the designer’s discretion, depending on the
             condition of application. Figure 6 indicates the dependency of E vs. spectral peak periods in a WSD. In
             this figure, the range of E of the stress responses is mostly between 0.25 and 0.40. It is found that E can
             easily be close to 0.4,  and an error at the 5% to 10% level could be introduced for N if E is ignored. So
             it is suggested that a correction for E should always be used.
             When the short-term approach  is used, a design  wave spectrum of  the extreme  storm condition  is
             usually provided  with a long-term extreme value of H, and related T. Ochi’s (1981) results indicate
             that the probability density function of (H,   takes a bivariate log-normal distribution. A commonly
             used approach is to determine the long-term extreme of H,  first, and then the T is obtained with the
             conditional probability distribution  p(7lHS) or a simple formula between H, and T based on the wave
             steepness.
             The long-term PEV of H, with different return periods is listed in Table 1, in which H, is calculated by
             applying the long-term extreme approach discussed in the next section. To determine the extreme wave
             environment (two parameter wave spectra in this example) used  in the short-term  approach,  Tp is
             required.  Table 2 lists the peak periods associated with H,.  The values of Tp are calculated by using
             p(71Hs) at confidence levels 0.5,0.75,0.85,  and 0.95, separately (Ochi,  1978). Each H, and the related
              Tp form a wave spectral family, which is used to determine the response spectrum, and  finally the
              short-term extreme values.

                Table 1   Extreme significant wave height   Table 3  Short-term stress extreme values
                            Hs (m) with Return period
                wave   20years  I   50years  I   100 years
                W156     17.0   I   18.2   I   12.6  I  I  I  1  W1561  JONSWAP   2021.0 12135.4 12139.6
                                            19.1
                                            .. .
               I  W391  I   10.2   I   11.6  1
                                                           W391  Bretschneider  121 1.0  1372.7  1467.4
               Table 2  Wave spectral family with different H,   W156  JONSWAP  2304.1  2468.7  2565.7
               ,            ~~                          I1   W156  Bretschneider  2081.3  2226.6  2334.0
                                       Weighting factor    W391   JONSWAP   1381.3  1568.0  1714.7
                                                           W391  Bretschneider  1248.9  1412.8  1547.2
                            13.4          0.0500
                                          0.0500       Table 4   Long-term stress extreme values
                                          n nx75


                                                       W156   JONSWAP  2416.9 2669.3  2818.2   509.2
                                                       WIS6  Bretschneider  2166.4 2328.0  2452.8   500.9
                                                                   1751.6  1982.9  2169.9   694.0
                                                                   1676.6 1899.1  2079.0   673.2

               To apply Eq. 2, m, and m2 need to be calculated properly.  Table 3 compares the short-term stress
               extreme values of the deck plate obtained by  mo  different methods.  Method  I uses the weighting
               factors listed in Table 2 to cdculate the mean values of m, and m,,  while method I1 uses each member
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