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If the arrival process is modeled as a Poisson random variable with arrival rate , then the average time between arrivals is
Long-Term Planning
The process of setting goals and outlining strategies for future activities over an extended period, typically beyond five years.
Strategic Planning
The process of defining an organization's direction and making decisions on allocating its resources to pursue this strategy.
Short-Term Planning
The process of organizing immediate goals and objectives, usually spanning a period of less than one year.
Intermediate Planning
The process of setting goals and outlining strategies for the medium term, bridging the gap between day-to-day operations and long-term objectives.
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