This paper constructs a unified framework to survey most of the work done to date on decision and forecast horizons in a stochastic environment. The paper is divided into sections by type of model. For each model type, the issues of existence of these horizons and of derivation of sufficient...

In a multiperiod decision problem it is usually the decisions in the first or first few periods that are of immediate importance to the manager. Decision/Forecast horizon (DH/FH) research deals with the question of whether optimal decisions in the first or first few periods (known as DH) can be...

In this note, we extend the sufficiency conditions obtained by Bean and Smith for the existence of decision and forecast horizons in discounted deterministic problems to a stochastic environment. Also developed are some examples for illustration of the results and the need for the development of...