ANALYSIS OF AN INVENTORY CONTROL SYSTEM USING THE THEORY OF RELATIVELY CLOSED SYSTEMS

The theory of relatively closed systems first appeared in Kybernetes as two consecutive papers by Grubbström This work was a development of studies in cybernetic modelling performed by Lange and Klir and Valach. This paper deals with an application taken from the field of inventory control. The purpose is to show how the theory of relatively closed systems can be used to formulate models, analyse stability conditions and compute equilibrium values for the variables involved.