Serial Correlation in a Simple Dam Processs

This paper deals with a dam model similar to one due to P. A. P. Moran. It assumes that both the inflow and release of water are exponentially distributed random variables and studies the dam during its steady state. It derives the serial correlation in the sequence of water levels and compares it with previous results for a corresponding queuing system. Since knowledge of the serial correlation is essential in designing simulation experiments, the paper suggests that similar investigations be performed on other systems of standard type.