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Unformatted text preview: ems like the thermostat example tend to oscillate around a set‐point (i.e. target temp) because of the inherent delays 68 32 One Stock with Two Competing Balancing Loops. ‐Systems like the population example can surprise us because of of feedback loops. ‐The loops that dominate the system will determine its behavior. ‐When neither feedback loops dominate, rate in = rate out and we call that ‐System dynamics doesn’t predict the future – but it allows us to potentially manage the future by anticipating system behavior. ‐Systems with similar feedback structures produce 2 | P a g e Money versus Capital World Industr...
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This note was uploaded on 02/05/2014 for the course BAE 102 taught by Professor Staff during the Fall '08 term at Kentucky.
- Fall '08