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A disadvantage of the Balance Sheet Approach is that:
Closed-loop Control
A control system methodology where output is measured and continuously fed back into the system for real-time adjustments to achieve desired performance.
PLC Control
PLC (Programmable Logic Controller) control refers to the automation of machinery and processes using a specialized computer that executes instructions for logical operations, sequencing, timing, counting, and arithmetic to control machines and processes.
Desired Value
The target or setpoint value that a system or process aims to achieve or maintain.
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