|Any future event that is
outside the planning
horizon in the period after the terminus year.
Events that are beyond the horizon have the following attributes:
Passage of Time Concepts:
As a building ages each year, the terminus year shifts forward by one calendar year (or one fiscal year). The changes to the terminus year are represented by the following concepts:
Fig. The three facets of the planning horizon: a) behind-the horizon, b) the horizon ("red zone") and beyond-the-horizon.
Fig. The terminus year (and Base year) of a 10-year planning horizon.
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