Examlex
After what length of time does Bi-210 (obtained from Pb-210) reach the maximum of its activity in a generator? The half-life of Bi-210 is 5 days, and that of Pb-210 is 22.6 years.
Abandonment Option
A provision in a contract that allows a party to withdraw from the contract before the completion or maturity date.
Monte Carlo Simulation
A computational technique that uses random sampling and statistical modeling to estimate mathematical functions and mimic the operation of complex systems.
Probability Distributions
Probability distributions describe the likelihood of different outcomes in a stochastic process or experiment.
NPV
NPV, or Net Present Value, is a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to gauge the profitability of an investment.
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