| Abstract: | ABSTRACT: The probability distributions of annual peak flows used in flood risk analysis quantify the risk that a design flood will be exceeded. But the parameters of these distributions are themselves to a degree uncertain and this uncertainty increases the risk that the flood protection provided will in fact prove to be inadequate. The increase in flood risk due to parameter uncertainty is small when a fairly long record of data is available and the annual flood peaks are serially independent, which is the standard assumption in flood frequency analysis. But standard tests for serial independence are insensitive to the type of grouping of high and low values in a time series, which is measured by the Hurst coefficient. This grouping increases the parameter uncertainty considerably. A study of 49 annual peak flow series for Canadian rivers shows that many have a high Hurst coefficient. The corresponding increase in flood risk due to parameter uncertainty is shown to be substantial even for rivers with a long record, and therefore should not be neglected. The paper presents a method of rationally combining parameter uncertainty due to serial correlation, and the stochastic variability of peak flows in a single risk assessment. In addition, a relatively simple time series model that is capable of reproducing the observed serial correlation of flood peaks is presented. |
