Dey, Ashim Kumar; Das, Kumer Pial - In: Stochastics and Quality Control 35 (2020) 1, pp. 1-15
Abstract The extreme value theory (EVT) is used to assess the risk of extreme events caused by natural calamities or untoward circumstances in the social and economic sectors. The theory can be used to study the frequency of rare events and to build up a predictive model so that one can attempt...