Coastal areas are subject to the joint risk associated with rainfall‐driven flooding and storm surge hazards. To capture this dependency and the compound nature of these hazards, bivariate modelling represents a straightforward and easy‐to‐implement approach that relies on observational records. Most existing applications focus on a single tide gauge–rain gauge/streamgauge combination, limiting the applicability of bivariate modelling to develop high‐resolution space–time design events that can be used to quantify the dynamic, that is, varying in space and time, compound flood hazard in coastal basins. Moreover, there is a need to recognize that not all extreme events always come from a single population, but can reflect a mixture of different generating mechanisms. Therefore, this paper describes an empirical approach to develop design storms with high‐resolution in space and time (i.e., ~5 km and hourly) for different joint annual exceedance probabilities. We also stratify extreme rainfall and storm surge events depending on whether they were caused by tropical cyclones (TCs) or not. We find that there are significant differences between the TC and non‐TC populations, with very different dependence structures that are missed if we treat all the events as coming from a single population. While we apply this methodology to one basin near Houston, Texas, our approach is general enough to make it applicable for any coastal basin exposed to compounding flood hazards from storm surge and rainfall‐induced flooding.

Climate variability is strongly influencing hydrological processes under complex weather conditions, and it should be considered to forecast reservoir inflow for efficient dam operation strategies. Large-scale climate indices can provide potential information about climate variability, as they usually have a direct or indirect correlation with hydrologic variables. This study aims to use large-scale climate indices in monthly reservoir inflow forecasting for considering climate variability. For this purpose, time series and artificial intelligence models, such as Seasonal AutoRegressive Integrated Moving Average (SARIMA), SARIMA with eXogenous variables (SARIMAX), Artificial Neural Network (ANN), Adaptive Neural-based Fuzzy Inference System (ANFIS), and Random Forest (RF) models were employed with two types of input variables, autoregressive variables (AR-) and a combination of autoregressive and exogenous variables (ARX-). Several statistical methods, including ensemble empirical mode decomposition (EEMD), were used to select the lagged climate indices. Finally, monthly reservoir inflow was forecasted by SARIMA, SARIMAX, AR-ANN, ARX-ANN, AR-ANFIS, ARX-ANFIS, AR-RF, and ARX-RF models. As a result, the use of climate indices in artificial intelligence models showed a potential to improve the model performance, and the ARX-ANN and AR-RF models generally showed the best performance among the employed models.