Planning horizon


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Planning horizon

The length of time a model or investor or plan projects into the future.

Planning Horizon

The future time for which a person or organization plans. For example, if a company wishes to make contingency plans for the next 10 years, it is said to have a 10-year planning horizon. Many companies maintain a five-year planning horizon, though some plan for longer or shorter periods. The longer a planning horizon is, the more uncertainty it has.
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The result is that flowcasting can scale to provide projections of sales, demand, inventory, capacities and financials for any sized retailer, for an extended planning horizon of 52 weeks or more.
Due to institutional limitations, the city's planning horizon is rather short - bound to one fiscal year, which hinders the administration's forecasting ability and complicates strategic planning and investments allocation.
Bausch, Brown, and Ronen (1998) graphically displayed an optimized fleet deployment schedule with hourly time windows over a planning horizon of 2-3 weeks in a context in which each vessel customarily makes several voyages and many port calls to load and unload products during this time period.
The evaluation of a design is based on system performance throughout a given planning horizon, which includes the construction process.
For CBM incorporating with stochastic degradation, the current research work can be divided into two types in accordance of the planning horizon: infinite horizon and finite horizon [8].
The main planning decisions in Stage I establish how much, when, and which liquid will be assigned to each tank in the course of the planning horizon in order to fulfill the demand required by Stage II, considering the limitations of the available resources and the required times to conclude the fermentation and maturation processes (i.e., lot-sizing problem).
The intervention plans set out in these papers [7-9] are defined in stages but they do not allow for different expansion areas for the WDN during the planning horizon. Here we aim to introduce a different analysis by proposing a ROs approach that considers expansion scenarios of the network at different time phases and by taking into account environmental concerns using a multiobjective optimization model with three objectives.
It is worth mentioning the PEMRA's planning horizon is one year.
The planning horizon, therefore, of our work was 20 years at the time of writing.
These responsibilities were broken down by functional area and planning horizon.
The demographic variables used in the model include planning horizon age, education, income, sex, and race.
This approach is reasonable for a midterm to long-term planning horizon.
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