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<br />INTRODUCTION <br /> <br />The central relationship for flood <br />control and floodplain management planning is <br />that between peak flow and return period. <br />The relal ionship is established by select ing <br />an appropriate distribution to represent the <br />populat ion of peak flows, one from each year <br />of record (the annual flood series), and <br />estimating parameters for that dIstribution <br />that best fit the recorded data. <br /> <br />The primary criterion used to select an <br />appropr iate d istr ibul ion has been goodness- <br />of-fiL as measured empirIcally. Accordingly, <br />the parameterg of several distributions are <br />estimated from the same data set. Some <br />goodness-oE-fit criterion is then used to <br />choose the best-fitting distribution (e.g., <br />Bobee and Robitaille 1977). The log Pearson <br />type III distributIon was selected for <br />general use on federal water resources <br />studies (U.S. Water Resources Council 1976, <br />Appendix 14) on this basis. <br /> <br />The Monte Carlo experiment described in <br />the next sectIon Illustrates that serious <br />estimatIng errors may arise if the distri- <br />bution is selected solely on the basis of <br />goodness of fit. The magnitudes of these <br />errors clearly demonstrate that empirical fit <br /> <br />alone does not provide an adequate basis for <br />select iog a d istr ibut ion. Theory provides <br />supplemental informat ion. The annual flood <br />event is the maximum or extreme value of all <br />the events occurrIng during the year; <br />therefore, extreme value theory would seem to <br />provide a reasonable theoret ical base Lo <br />explore and is examined here. Although <br />extreme value distributions have been used in <br />hydrology, no systemat ic examinat ion of <br />the theory to determine the most appropriate <br />form is reported in the literature. <br /> <br />The first section of this report pre- <br />sents the problem encountered when empirical <br />f It alone is used to select a "best" distri- <br />but ion. The second sect ion deals with <br />application of extreme value theory to stream <br />flows which have homogeneous sources. The <br />results clearly demonstrate the usefulness of <br />extreme value theory. The third section <br />extends extreme value theory to the case in <br />which the events in the annual series are <br />random variables from two different popula- <br />t Ions (e.g., thunderstorm and cyclonic <br />events). The fourth sect ion descr ibes how <br />one goes about the mechanics of applying <br />these results in flood frequency analysis. <br /> <br />1 <br />