E 1DVWDYLWHYþDVRYQLND]DL]NORSHQHDOLYHþNXKDOLãþ
1DVWDYLWHYHQHJDNXKDOLãþD
'RWDNQLWHVHREPRþMDQDNRQWUROQLHQRWL]DNDWHUHJDELUDGL
QDVWDYLOLþDVRYQLNQSUREPRþMH
9NUDWNHPþDVXWMSUHGHQ]DVORQSUHQHKDXWULSDWLVH
GRWDNQLWHþDVRYQLND3ULND]RSRPQLNDER]DþHOXWULSDWLQD
SULND]XþDVRYQLNDSDVHERSULND]DORãWHYLORª©
1DVWDYLWHþDVWDNRGDVHQDþDVRYQLNXGRWDNQHWH
NRQWUROQHJDJXPEDª-©DOLª©'RWDNQLWHVHNRQWUROQHJD
JXPEDª-« DOLª©QDþDVRYQLNXGDþDVVNUDMãDWHDOL
SRGDOMãDWH]DPLQXWR
'RWDNQLWHVHNRQWUROQHJDJXPEDª–©DOLª©QDþDVRYQLNX
LQJDGUåLWHGDþDVVNUDMãDWHDOLSRGDOMãDWH]DPLQXW
,]EHULWHREPRþMHWDNRGDVHGRWDNQHWHJXPED]DL]ELUR
RJUHYDOQHSRYUãLQH9NUDWNHPþDVXVHGRWDNQLWHþDVRYQLND
ýHVRþDVQRSULWLVQHWHª-©LQª©SUHNOLþHWHþDVRYQLNLQ
PLQXWQLSULND]NDåHª©
.RMHþDVQDVWDYOMHQERþDVRYQLNWDNRMSULþHORGãWHYDWL
3ULND]RYDOQLNERSULND]RYDOSUHRVWDOLþDVLQGikator
þDVRYQLNDSDERXWULSDOVHNXQG
2320%$UGHþDSLNDSROHJLQGLNDWRUMDVWRSQMHER
]DVYHWLODLQVWHPSRND]DODGDMHREPRþMHL]EUDQR
.RþDVRYQLN]DNXKDQMHSRWHþHVHXVWUH]QRNXKDOLãþH
VDPRGHMQRL]NORSL
2VWDODNXKDOLãþDERGRGHORYDODãHQDSUHMþHVWHMLKSUHMYNORSLOL
=JRUDMSULND]DQHVOLNHVRVDPR]DUHIHUHQFRLQNRQþQLL]GHOHNSUHYODGD