Often hazard risk assessments focus on one factor rather than compound, multiple forcing mechanisms. It is possible that extreme event analysis in a univariate context may underestimate probabilities and impacts of extreme events. In this study, a new framework addresses multivariate analysis of risk from compound hazards. Observations and simulations are used to identify expected frequencies of chance extreme events forced via connected individual events. The framework emphasizes the statistical dependence of multiple physical variables that contribute to extreme compound events when individual events are not extreme. Finally, the use of a compound hazard model as input to a full performance-based methodology that includes structural, damage, and loss analyses is defined.
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