Window of opportunity

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Critical windows in emergency medicine Golden hour graph.png
Critical windows in emergency medicine
Illustration of a short gamma-ray burst, a transient astronomical event caused by a collapsing star. Short Gamma-Ray Burst.jpg
Illustration of a short gamma-ray burst, a transient astronomical event caused by a collapsing star.

A window of opportunity, also called a margin of opportunity or critical window, is a period of time during which some action can be taken that will achieve a desired outcome. Once this period is over, or the "window is closed", the specified outcome is no longer possible. [2]

Contents

Examples

Windows of opportunity include:

Biology and medicine

Economics

Other examples

Characteristics

Timing

The timing and length of a critical window may be well known and predictable (as in planetary transits) or more poorly understood (as in medical emergencies or climate change). In some cases, there may be multiple windows during which a goal can be achieved, as in the case of space launch windows.

In situations with very brief or unpredictable windows of opportunity, automation may be employed to take advantage of these windows, as in algorithmic trading [14] and time-domain astronomy. [15] Real-time computing systems can guarantee responses on the order of milliseconds or less. [16]

Costs

In some time-critical situations, failure to act may entail an increasing cost over time, or a decreasing probability over time of achieving the desired outcome. In real-time computing systems, this may be represented by time-utility functions.

See also

Related Research Articles

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References

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  11. IPCC AR5 WGII (2014). "Climate change 2014, Impacts, Adaptation and Vulnerability" (PDF). Archived from the original (PDF) on 2015-05-14.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. "Time Domain Astronomy". Center for Astrophysics. Retrieved 19 July 2022.
  13. "Target of Opportunity Policies". European Southern Observatory. Retrieved 19 July 2022.
  14. Lin, Tom C. W. (2013). "The New Investor". UCLA Law Review. 60 (678). Temple University. SSRN   2227498.
  15. "Automated operations". Mission Operations Center for Swift. Pennsylvania State University . Retrieved 19 July 2022.
  16. Ben-Ari, M., "Principles of Concurrent and Distributed Programming", Prentice Hall, 1990. ISBN   0-13-711821-X. Ch16, Page 164