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The area-characteristic, maximum possible earthquake magnitude $$T_M$$ T M is required by the earthquake engineering community, disaster management agencies and the insurance industry. The Gutenberg–Richter law predicts that earthquake magnitudes M follow a truncated exponential distribution. In the geophysical literature, several estimation procedures were proposed, see for instance, Kijko...
Designing some long-lasting industrial assets necessitates an estimation of far future extremes. Extreme value estimation is commonly based on an application of the statistical extreme value theory (EVT), which requires that the studied variable is independent and identically distributed, or, at least, stationary. Climate variables exhibit different behaviors which potentially violate this assumption:...
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