test 2 Flashcards
Oscillations:
Shrinking and growing of a stock over time.
Shifting dominance :
when a stock goes up and down
Delayed feedback :
occur in balancing feedback loop. Caused by overcorrecting or overshooting our goals. Changing length of delay may cause a change in behaviour of a system.
- Two-stock systems :
a renewable stock constrained by a non-renewable stock. Must be at least 1 reinforcing loop (driving growth) and 1 balancing loop (constraining growth). Takes place by either strengthening outflow or weakening inflow
- Limits to growth:
-limits on a growing system that are temporary/ permanent.
- Exponential growth is always faster than expected.
- Nothing grows forever, everything has a limit.
- Exponential growth (reinforcing inflow) is always limited by balancing feedback.
- Renewable resources :
- they can support extraction indefinitely.
- If extracted faster than they regenerate it is driven below the threshold and becomes non- renewable.
3 sets of renewable resources
- overshoot and adjustment to sustainable equilibrium
- overshoot beyond that equilibrium followed by oscillations around it
- overshoot followed by collapse of the resource and the industry dependent on the resource
what is the outcome of renewable resources dependent on
critical threshold beyond which resources ability to regenerate is damaged
AND
rapidity and effectiveness of balancing feedback loop which resources ability to regenerate is damaged
- Non-renewable resources :
- Has outflow but no inflow.
- Stock limited
- Entire stock available at once
- Can be extracted at any rate
- Faster extraction rate = shorter lifetime of resource
- Resource depletion:
Consumption of a product faster than produced.
- Stock-limited systems :
non-renewable resource
- Flow-limited systems :
renewable resources
- Fragility (rigidity) :
Brittle, rigid, fragile, resistant to change.
- Resilience (elasticity) :
able to bend without breaking and spring back to its original shape.
- Redundancy :
many layers of balancing feedback at different time scales. (in engineering, the more redundant your system is. It means you have backups which is good in case of a fail of a system.