5 6 7 8 9 : ; 6 7 < = < ; > ? < 6 @
A B
3OHDVHFKHFNDFFRUGLQJWRWKHPRGHOQDPHZKLFKLV\RXUDLUFRQGLWLRQHUW\SH
KRZLW LVDEEUHYLDWHG DQG UHIHUUHGWRLQ WKLVLQVWUXFWLRQ PDQXDO7KLV,QVWDOODWLRQ DQG2SHUDWLRQ
0DQXDOLVRQO\UHODWHGWRWKH5$6XQLWV)691<(FRPELQHGZLWKWKH+,7$&+,LQGRRUXQLWV6\V
C
WHP)UHH
; 6 7 < = < ; > ; < D @ 7 8 5 6 7 8 9 6 :
A B
FRPSUXHEHGHDFXHUGRFRQHOQRPEUHGHOPRGHORHOWLSRGHVLVWHPDGHDLUH
DFRQGLFLRQDGRGHOTXHGLVSRQHVXDEUHYLDWXUD\VXUHIHUHQFLDHQHOSUHVHQWHPDQXDOGHLQVWUXFFLR
C
QHV(VWH0DQXDOGHLQVWDODFLyQ\IXQFLRQDPLHQWRVHRFXSDVRORGHODVXQLGDGHV5$6)691<(
FRPELQDGDVFRQODVXQLGDGHVLQWHULRUHV6\VWHP)UHHGH+,7$&+,
5 6 7 8 9 9 ; 6 7 8 :
E F G B
%LWWHVWHOOHQ6LHDQKDQGGHU0RGHOOEH]HLFKQXQJGHQ.OLPDDQODJHQW\SXQGGDV
HQWVSUHFKHQGHLQGLHVHP7HFKQLVFKHQ+DQGEXFKYHUZHQGHWH.U]HOIHVW'LHVHV,QVWDOODWLRQVXQG
%HGLHQXQJVKDQGEXFKEH]LHKWVLFKQXUDXIGLH5$6*HUlWH)691<(NRPELQLHUWPLWGHQ+,7$
C
&+,,QQHQJHUlWHQ6\VWHP)UHH
; 6 7 < = < ; > ? < 6 @ 7 8 : 5 6 7 H 9 8 :
A B
9HXLOOH]GpWHUPLQHUG¶DSUqVOHQRPGXPRGqOHTXHOHVWYRWUHW\SHGHFOLPD
C
WLVHXUHWTXHOOHHVWVRQDEUpYLDWLRQHWUpIpUHQFHGDQVOHSUpVHQWPDQXHOG¶LQVWUXFWLRQ&HPDQXHO
G¶LQVWDOODWLRQHWGHIRQFWLRQQHPHQWQHFRQFHUQHTXHOHVJURXSHV5$6)691<(FRPELQpVjGHV
XQLWpVLQWpULHXUHV6\VWHP)UHHG¶+,7$&+,
; 6 7 < = < ; > I < 6 @ 8 7 8 < 5 6 7 8 9 9 <
A B
LQEDVHDOQRPHGHOPRGHOORYHUL¿FDUHLOWLSRGLFOLPDWL]]DWRUHLQSRVVHVVRQRQ
C
FKpLOWLSRGLDEEUHYLD]LRQHHGLULIHULPHQWRXWLOL]]DWLLQTXHVWRPDQXDOHGLLVWUX]LRQL4XHVWR0DQXDOH
GLLQVWDOOD]LRQHH G¶XVRIDULIHULPHQWR DOODVRODFRPELQD]LRQH GL XQLWj5$6)691<( HXQLWj
LQWHUQH+,7$&+,6\VWUHP)UHH
; 6 7 < = < ; > J K 6 7 8 5 6 7 8 9 6 :
A B
SRU IDYRU YHUL¿TXH GH DFRUGR FRP R QRPH GR PRGHOR TXDO p R VHX WLSR
GHDU FRQGLFLRQDGR HFRPR HVWHp DEUHYLDGRH PHQFLRQDGR QHVWHPDQXDO GHLQVWUXo}HV (VWH
PDQXDOGHLQVWDODomRHIXQFLRQDPHQWRUHIHUHVHDSHQDVjVXQLGDGHV5$6)691<(HPFRP
C
ELQDomRFRPDVXQLGDGHVLQWHULRUHVGDVpULH6\VWHP)UHHGD+,7$&+,
5 6 7 8 9 L 6 7 < = < ; 8 M < @ N
O P A B
.RQWUROOHUPRGHOQDYQHWSnGLWNOLPDDQOJIRUDWVHKYLONHQW\SHNOLPDDQOJGX
KDUKYRUGDQGHWIRUNRUWHVRJKYRUGDQGHUKHQYLVHVWLOGHWLGHQQHYHMOHGQLQJ'HQQHLQVWDOODWLRQV
RJEHWMHQLQJVYHMOHGQLQJJOGHUNXQ5$6)691<(HQKHGHUNRPELQHUHWPHG+,7$&+,6\VWHP
)UHHLQGHQG¡UVHQKHGHU
; 6 7 8 M < @ N Q > @ 7 8
5 6 7 8 9 9 8 @
R S A B
&RQWUROHHUDDQGHKDQGYDQGHPRGHOQDDPZHONW\SHDLUFRQGLWLRQHUX
KHHIWKRHGHQDDPZRUGWDIJHNRUWHQKRHHUQDDUZRUGWYHUZH]HQLQGH]HLQVWUXFWLHKDQGOHLGLQJ
'H]HLQVWDOODWLHHQEHGLHQLQJVKDQGOHLGLQJLVDOOHHQYDQWRHSDVVLQJYRRU5$6XQLWV)691<(LQ
FRPELQDWLHPHWGH+,7$&+,ELQQHQXQLWV6\VWHP)UHH
5 6 7 8 9 9 8 M
O T
.RQWUROOHUDPHG PRGHOOQDPQHW YLONHQW\SDYOXIWNRQGLWLRQHULQJ GXKDUKXU GHQI|UNRUWDV
RFKKXUGHQDQJHVLGHQKlUKDQGERNHQ'HQQD,QVWDOODWLRQVRFKGULIWKDQGERNJlOOHUHQGDVW5$6
HQKHWHUQD)691<(NRPELQHUDGHPHG+,7$&+,LQRPKXVHQKHWHU6\VWHP)UHH
ȀȍǻǿȀȅȆȅǿǾȈǾȂȅȃȉǼȁȍȃ
ȈȘȝĮȞIJȚțȒ ıȘȝİȓȦıȘ ǼȜȑȖȟIJİ ıȪȝijȦȞĮ ȝİ IJȠ ȩȞȠȝĮ ȝȠȞIJȑȜȠȣ IJȠȞ IJȪʌȠ IJȠȣ įȚțȠȪ ıĮȢ
țȜȚȝĮIJȚıIJȚțȠȪ țĮȚ ȝİ ʌȠȚĮ ıȪȞIJȝȘıȘ įȘȜȫȞİIJĮȚ țĮȚ ĮȞĮijȑȡİIJĮȚ ıİ ĮȣIJȩ IJȠ İȖȤİȚȡȓįȚȠ ǹȣIJȩ IJȠ
İȖȤİȚȡȓįȚȠİȖțĮIJȐıIJĮıȘȢțĮȚȜİȚIJȠȣȡȖȓĮȢİȓȞĮȚȝȠȞȩȖȚĮIJȚȢȝȠȞȐįİȢ5$6IJȪʌȠȣ)691<(ȖȚĮ
ıȣȞįȣĮıȝȩȝİIJȚȢİıȦIJİȡȚțȑȢȝȠȞȐįİȢIJȘȢ6\VWHP)UHHIJȘȢ+,7$&+,