The reconstruction of the dynamically changing rates of O-2 uptake and CO2 production during short term bioreactor perturbation experiments, from dissolved oxygen and offgas O-2 and CO2 measurements, requires a model describing the mass transfer and dispersion of O-2 and CO2 in the system as well as the sensor dynamics. Additionally, if perturbation experiments are carried out at near-neutral pH levels, also the inter conversion of dissolved carbon dioxide and bicarbonate needs to be taken into account. While developing such a model we found that for an accurate description of the systems dynamic response on a time-scale of seconds, it is required to incorporate not only the mass transfer between gas bubbles and broth, but also between headspace and broth. The delay and dispersion in the measurements of the gas analyser, due to the length and complexity of the offgas system, was accounted for by determining the impulse response of the offgas system. This model could be fitted excellently to an identification data set. Finally the model was successfully applied to reconstruct the dynamic rates of O-2 uptake and CO2 production of a culture of Penicillium chrysogenum, which was perturbed by a glucose pulse. (C) 2013 Elsevier B.V. All rights reserved.