We consider a dynamically reconfigureable network where dynamically changing traffic is offered. Rearrangement and adjustment of network capacity can be performed to maintain Quality of Service (QoS) requirements for different traffic classes in the dynamic traffic environment. In this work, we consider the case of a single, dynamic traffic class scenario in a loss mode environment. We have developed a numerical, analytical tool which models the dynamically changing network traffic environment using a time-varying, fluid-flow, differential equation; of which we can use to study the impact of adaptive capacity adjustment control schemes. We present several capacity adjustment control schemes including schemes which use blocking and system utilization as means to calculate when and how much adjustment should be made. Through numerical studies, we show that a purely blocking-based capacity adjustment control scheme with a preset adjustment value can be very sensitive to capacity changes and can lead to network instability. We also show that schemes, that uses system utilization as a means to calculate the amount of capacity adjustment needed, is consistently stable for the load scenarios considered. Finally, we introduce a minimum time interval threshold between adjustments, which can avoid network instability, in the cases where the results showed that capacity adjustment had been performed too often.