The probability of stability an empirical determination

  • Authors:
  • Spyros Makridakis

  • Affiliations:
  • -

  • Venue:
  • WSC '71 Proceedings of the 5th conference on Winter simulation
  • Year:
  • 1971

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Abstract

This study will try to develop a probability function which can predict an important aspect of a dynamic system's behavior: its ability to be stable over a long period of time. The data used by the study were taken to represent systems in general, and it is hoped that the results can be used by any discipline dealing with systems, in accordance with General System Theory's principles (von Bertalanffy, pp. 1-10, 1956), even though it was intended primarily for the behavioral sciences, where the need for dynamic considerations of systems behavior is much greater than in the natural sciences.