Liebert 600 User Manual

2:(5ý3527(&7,21
3
ýý
6HULHVýçííŒýDQGýçíí7Œý836
0XOWLр0RGXOHэ7KUHHэ3KDVH минэN9$эWRэмнннэN9$вэзнэ+]
0DQXDO
ý
03257$17ý6$)(7<ý,16758&7,216
,
%287ý7+,6ý0$18$/
$
эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпл
7$%/(ý2)ý&217(176
эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпм
ìïí ,
1752'8&7,21
ìïì 6\VWHPэ'HVFULSWLRQпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ к
ìïë 5HOLDELOLW\эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ з
ìïê 6DIHW\э3UHFDXWLRQVэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ж
ìïé 0RGHVэ2Iэ2SHUDWLRQэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д
мпйпм 1RUPDOэх/RDGэRQэ836ф пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д мпйпл ,QSXWэ3RZHUэ)DLOXUHпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д мпйпк 5HFKDUJH пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д мпйпй 2YHUORDGэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д мпйпи 5HGXQGDQW эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д мпйпз %\SDVVэх,QWHUQDOфэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д мпйпж 0DLQWHQDQFHэ%\SDVV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д мпйпе 2IIр%DWWHU\эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ д
ìïè 2SHUDWRUэ&RQWUROVпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мн
ìïç 2SWLRQV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мл
ëïí 7
+(25<ý2)ý23(5$7,21
ëïì *HQHUDOэ&RPSRQHQWэ'HVFULSWLRQV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мк
ëïë 'HWDLOHGэ&RPSRQHQWэ'HVFULSWLRQV пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ми
лплпм &RQWUROV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ми лплпл 5HFWLILHUо&KDUJHUэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мз лплпк %DWWHU\э&KDUJLQJэ&LUFXLWпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мж лплпй ,QYHUWHU пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ме лплпи 6WDWLFэ%\SDVV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мд лплпз 5HGXQGDQWэ0RGH эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ лл
êïí 2
3(5$7,21
êïì 'LVSOD\э6FUHHQэDQGэ2SHUDWRUэ&RQWUROVэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ лк
кпмпм 0DVWHUэ0HQXэ6FUHHQ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ кн кпмпл 0RQLWRUо0LPLFэ'LVSOD\э6FUHHQ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ кл кпмпк :DONр,Qэ'LVSOD\э6FUHHQ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йм кпмпй 6WDWXVэ5HSRUWVэ6FUHHQV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йл кпмпи 6\VWHPэ&RQILJXUDWLRQэ6FUHHQV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йд кпмпз $ODUPэ/LPLWэ6HWWLQJVэ6FUHHQпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэиз кпмпж /RDGэ7UDQVIHUэ3URFHGXUHV пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ие кпмпе 6WDUWр8Sэ3URFHGXUHVэ6FUHHQ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэид кпмпд 6KXWGRZQэ3URFHGXUHVэ6FUHHQ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зм кпмпмн %DWWHU\э7LPHэ6FUHHQэх0RGXOHэ2QO\ф пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зк кпмпмм 0HWHUэ&DOLEUDWLRQэ6FUHHQ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зз кпмпмл %DWWHU\э(TXDOL]Hэ6FUHHQ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зж кпмпмк $ODUPэDQGэ6WDWXVэ0HVVDJHV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэзе кпмпмй &RPPXQLFDWLRQэ,QWHUIDFHVпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ жз
ээээээээээL
êïë 0RGHVэRIэ2SHUDWLRQпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ жд
кплпм /RDGэRQэ%\SDVV пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэжд кплпл 2.э7Rэ7UDQVIHU пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэен кплпк 0RPHQWDU\э2YHUORDGV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ел кплпй ,QSXWэ3RZHUэ)DLOXUHэх/RDGэRQэ%DWWHU\фпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ек кплпи 2QHэ0RGXOHэ2IIр/LQH эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ей кплпз 2IIэ%DWWHU\ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэеи кплпж (PHUJHQF\э0RGXOHVэ2II пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэез кплпе (PHUJHQF\э3RZHUэ2II пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэеж кплпд 6\VWHPэ6KXWGRZQ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэее кплпмн 0DLQWHQDQFHэ%\SDVVпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэед
êïê 0DQXDOэ3URFHGXUHVпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ дм
кпкпм 6WDUWр8Sэ3URFHGXUHVпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэдл кпкпл /RDGэ7UDQVIHUэ3URFHGXUHV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэде кпкпк 6KXWGRZQэ3URFHGXUHVпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мнн
êïé $XWRPDWLFэ2SHUDWLRQV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мнй
кпйпм 2YHUORDGVэх:LWKRXWэ7UDQVIHUф эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэмнй кпйпл $XWRPDWLFэ7UDQVIHUVэWRэ%\SDVVэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэмни кпйпк $XWRPDWLFэ5HWUDQVIHUVэWRэ836пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэмни кпйпй $XWRPDWLFэ0RGXOHэ2IIр/LQHэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэмнз кпйпи $XWRPDWLFэ(PHUJHQF\э0RGXOHVэ2II пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэмнз
éïí 0
$,17(1$1&(
éïì 6DIHW\э3UHFDXWLRQVэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мнж
éïë /LHEHUWэ&XVWRPHUэ6HUYLFHэDQGэ6XSSRUWпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мнд
éïê 5RXWLQHэ0DLQWHQDQFH пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммн
йпкпм 5HFRUGэ/RJпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммн йпкпл $LUэ)LOWHUVэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммн йпкпк %DWWHU\э0DLQWHQDQFHэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммм йпкпй 7RUTXHэ5HTXLUHPHQWV пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэммз
éïé 'HWHFWLRQэRIэ7URXEOH пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммз
éïè 5HSRUWLQJэDэ3UREOHPпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммж
éïç &RUUHFWLYHэ$FWLRQV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммж
éïæ 5HFRPPHQGHGэ7HVWэ(TXLSPHQW пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммж
èïí 6
3(&,),&$7,216ý$1'ý5$7,1*6
èïì 5DWLQJэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мме
èïë (QYLURQPHQWDOэ&RQGLWLRQVэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммд
èïê $GMXVWPHQWVэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ млн
èïé %DWWHU\э2SHUDWLRQпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ млн
èïè (OHFWULFDOэ6SHFLILFDWLRQVэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ млм
LLээээээээээ
),*85(6
)LJXUHýì 0XOWLр0RGXOHэминэDQGэллиэN9$э836э пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ к )LJXUHэл 0XOWLр0RGXOHэкннэWRэйинэN9$э836э эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ и )LJXUHэк 0XOWLр0RGXOHэиннэWRэмнннэN9$э836 пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ з )LJXUHэй 6\VWHPэ&RQWUROэ&DELQHWVэх6&&Vфээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ е )LJXUHэи 6&&э&RQWUROVэDQGэ'LVSOD\э6FUHHQэZLWKэ([DPSOHэRIэWKHэ0RQLWRUо0LPLFэ6FUHHQээпэпэпэпэпэпэпэпэпэпэ мн )LJXUHэз 0RGXOHэ&RQWUROVэDQGэ'LVSOD\э6FUHHQэZLWKэ([DPSOHэRIэWKHэ0RQLWRUо0LPLFэ6FUHHQэпэпэпэпэпэпэпэпэ мм )LJXUHэж 836э0RGXOHэ%ORFNэ'LDJUDPэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мй )LJXUHэе 6\VWHPэ&RQWUROэ&DELQHWэх6&&фэ%ORFNэ'LDJUDPэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мд )LJXUHэд 2SHUDWRUэ&RQWUROVсэминэWRэллиэN9$эхOHIWфэDQGэкннэWRэйинэN9$эхULJKWф пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ лй )LJXUHэмн 2SHUDWRUэ&RQWUROVсэккеэWRэмнннэN9$эх6&5р%DVHGэ0RGXOHVфэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ли )LJXUHэмм 6\VWHPэ&RQWUROэ&DELQHWэ2SHUDWRUэ&RQWUROVэх6&&%э3LFWXUHGфэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ лз )LJXUHэмл 6HULHVэзннэ836эDQGэ6&&э2SHUDWRUэ&RQWUROэ3DQHOVэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ лж )LJXUHэмк 6ZLWFKHVэ%HKLQGэ&RQWUROэ3DQHOэ'RRUэхккермнннэN9$э6&5р%DVHGэ0RGXOHVфээпэпэпэпэпэпэпэпэпэпэпэпэпэ ле )LJXUHэмй 0HQXэ7UHHэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ лд )LJXUHэми 0DVWHUэ0HQXэ6FUHHQVэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ кн )LJXUHэмз 6&&э0RQLWRUо0LPLFэ'LVSOD\э6FUHHQэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ кл )LJXUHэмж 0RGXOHэ0RQLWRUо0LPLFэ'LVSOD\э6FUHHQээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ кй )LJXUHэме 0RQLWRUо0LPLFэ'LVSOD\э6FUHHQэ([DPSOHVгэ1RUPDOэ3RZHUэ)ORZэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ кз )LJXUHэмд 0RQLWRUо0LPLFэ'LVSOD\э6FUHHQэ([DPSOHVгэ8WLOLW\э)DLOэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ кж )LJXUHэлн 0RQLWRUо0LPLFэ'LVSOD\э6FUHHQэ([DPSOHVгэ/RDGэ2Qэ%\SDVVсэ
836э0RGXOHVэ2QэDQGэ&KDUJLQJэ%DWWHU\ээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ке )LJXUHэлм 0RQLWRUо0LPLFэ'LVSOD\э6FUHHQэ([DPSOHVгэ/RDGэ2Qэ836сэ2QHэ836э0RGXOHэ2IIэ/LQHээпэпэпэпэпэ кд )LJXUHэлл 0RQLWRUо0LPLFэ'LVSOD\э6FUHHQэ([DPSOHVгэ/RDGэ2Qэ%\SDVVсэ$OOэ836э0RGXOHVэ2IIэ/LQHээпэпэпэ йн )LJXUHэлк :DONр,Qэ'LVSOD\э6FUHHQэ'XULQJэ6WDUWр8Sээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йм )LJXUHэлй 6WDWXVэ5HSRUWVэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йл )LJXUHэли 3UHVHQWэ6WDWXVэ5HSRUWэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йк )LJXUHэлз (YHQWэ+LVWRU\э5HSRUWэ6FUHHQэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йй )LJXUHэлж +LVWRU\э6WDWXVэ5HSRUWэ6FUHHQVээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йи )LJXUHэле %DWWHU\э&\FOHэ0RQLWRUэ6FUHHQэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йж )LJXUHэлд %DWWHU\э&\FOHэ0RQLWRULQJэ6XPPDU\э6FUHHQэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йе )LJXUHэкн 7\SLFDOэ'DWDэRQэ'LVFKDUJHэ&\FOHVэRIэдмэWRэлйнэ6HFRQGVэ'XUDWLRQ
'XULQJэWKHэ5HFRUGLQJэ3HULRGэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йе )LJXUHэкм 6&&э6\VWHPэ&RQILJXUDWLRQэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ йд )LJXUHэкл 'DWHэ6FUHHQэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ин )LJXUHэкк 7LPHэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ им )LJXUHэкй $XWRэ'LDOэ6HWWLQJэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ил )LJXUHэки 0RGHPэ%DXGэ5DWHэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ик )LJXUHэкз 0D[LPXPэ$XWRр5HWUDQVIHUэ$WWHPSWVэ6FUHHQэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ий )LJXUHэкж 0RGXOHэ$ODUPэ/LPLWэ6HWWLQJVэ6FUHHQэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ из )LJXUHэке /RDGэ7UDQVIHUэ3URFHGXUHVэ6FUHHQэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ие )LJXUHэкд 6&&э6WDUWр8Sэ3URFHGXUHVэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ид )LJXUHэйн 0RGXOHэ6WDUWр8Sэ3URFHGXUHVэ6FUHHQэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зн )LJXUHэйм 6&&э6KXWGRZQэ3URFHGXUHVэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зм )LJXUHэйл 0RGXOHэ6KXWGRZQэ3URFHGXUHVэ6FUHHQээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зл )LJXUHэйк %DWWHU\э7LPHэ6FUHHQэ([DPSOHэрэмиэ0LQXWHэ'LVFKDUJHээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зк )LJXUHэйй %DWWHU\э7LPHэ6FUHHQэ([DPSOHэрэйиэ0LQXWHэ'LVFKDUJHээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зй )LJXUHэйи 7ROHUDQFHэ5DQJHэRIэ9DOXHVэIRUэ&DOFXODWHGэ%DWWHU\э7LPHVэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зи )LJXUHэйз 0HWHUэ&DOLEUDWLRQэ6FUHHQэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зз )LJXUHэйж %DWWHU\э(TXDOL]Hэ6FUHHQээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ зж
ээээээээээLLL
)LJXUHэйе 6&&э6WDWXVэDQGэ$ODUPэ0HVVDJHэ$UHDVэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэзе )LJXUHэйд /RDGэRQэ%\SDVVэх836э1RWэ$YDLODEOHфээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ жд )LJXUHэин /RDGэRQэ%\SDVVэх836э$YDLODEOHфэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэен )LJXUHэим /RDGэRQэ836эх%\SDVVэ$YDLODEOHфэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэем )LJXUHэил 0RPHQWDU\э2YHUORDGэх7KURXJKэ6WDWLFэ%\SDVVэ6ZLWFKфэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэел )LJXUHэик ,QSXWэ3RZHUэ)DLOэх/RDGэRQэ%DWWHU\фээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэек )LJXUHэий 2QHэ0RGXOHэ2IIр/LQHэх/RDGэRQэ836фэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэей )LJXUHэии /RDGэRQэ836эх%DWWHU\эQRWэ$YDLODEOHфээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэеи )LJXUHэиз (PHUJHQF\э0RGXOHVэ2IIэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэез )LJXUHэиж (PHUJHQF\э3RZHUэ2IIэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэеж )LJXUHэие 6\VWHPэ6KXWGRZQэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэее )LJXUHэид /RDGэRQэ0DLQWHQDQFHэ%\SDVVэх7ZRэ%UHDNHUVфэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэед )LJXUHэзн /RDGэRQэ0DLQWHQDQFHэ%\SDVVэх7KUHHэ%UHDNHUVфэ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ дн )LJXUHэзм 6&&э6WDUWр8Sэ3URFHGXUHVэ6FUHHQээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ дй )LJXUHэзл 0RGXOHэ6WDUWр8Sэ3URFHGXUHVэ6FUHHQэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ дз )LJXUHэзк /RDGэ7UDQVIHUэ3URFHGXUHVэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ де )LJXUHэзй 6&&э6KXWGRZQэ3URFHGXUHVэ6FUHHQэ пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мнн )LJXUHэзи 0RGXOHэ6KXWGRZQэ3URFHGXUHVэ6FUHHQэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэмнл )LJXUHэзз &XUUHQWр9HUVXVр7LPHэ&XUYHэRIэ2YHUORDGэ&DSDFLW\ээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мнй )LJXUHэзж 2XWSXWэ3RZHUэ(QYHORSHэIRUэнпеэSIэ5DWHGэ8QLWVээпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ мме
7$%/(6
7DEOHýì $ODUPэ0HVVDJHVэрэ0HDQLQJэDQGэ&RUUHFWLYHэ$FWLRQ эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэжм 7DEOHэл $ODUPэ0HVVDJHVэрэ6XPPDU\пэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэжи 7DEOHэк 6HULHVэзннэ7HUPLQDOэ&RPPDQGV эпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэже 7DEOHэй 7RUTXHэ6SHFLILFDWLRQVэх8QOHVVэ2WKHUZLVHэ/DEHOHGфпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэммз 7DEOHэи 5HFRPPHQGHGэ7HVWэ(TXLSPHQWэDQGэ7RROVпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэпэ ммж
LYээээээээээ
03257$17ý6$)(7<ý,16758&7,216
,
6DYHý7KHVHý,QVWUXFWLRQVï
7KLVэPDQXDOэFRQWDLQVэLPSRUWDQWэLQVWUXFWLRQVэWKDWэVKRXOGэEHэIROORZHGэGXULQJэLQVWDOODWLRQэDQGэ PDLQWHQDQFHэRIэ\RXUэ6HULHVэзннэ836эDQGэEDWWHULHVп
:$51,1*
$
(;(5&,6(ý(;75(0(ý&$5(ý:+(1ý+$1'/,1*ý836ý&$%,1(76ý 72ý$92,'ý(48,30(17ý'$0$*(ý25ý,1-85<ý72ý3(56211(/ïý 5()(5ý72ý6(3$5$7(ý,167$//$7,21ý0$18$/ý)25ý (48,30(17ý+$1'/,1*ý,1)250$7,21ý$1'ý,167$//$7,21ý 352&('85(6ï
)2//2:ý$//ý%$77(5<ý6$)(7<ý35(&$87,216ý,1ýéïí ðý 0$,17(1$1&(ý:+(1ý,167$//,1*ñý&+$5*,1*ñý25ý 6(59,&,1*ý%$77(5,(6ïý,1ý$'',7,21ý72ý7+(ý+$=$5'ý2)ý (/(&75,&ý6+2&.ñý*$6ý352'8&('ý%<ý%$77(5,(6ý&$1ý%(ý (;3/26,9(ý$1'ý68/)85,&ý$&,'ý&$1ý&$86(ý6(9(5(ý%8516ï
,1ý&$6(ý2)ý),5(ý,192/9,1*ý(/(&75,&$/ý(48,30(17ý86(ý 21/<ý&$5%21ý',2;,'(ý),5(ý(;7,1*8,6+(56ñý25ý27+(56ý $33529('ý)25ý86(ý,1ý(/(&75,&$/ý),5(ý),*+7,1*ï
(;75(0(ý&$87,21ý,6ý5(48,5('ý:+(1ý3(5)250,1*ý 0$,17(1$1&(ï
%(ý&2167$17/<ý$:$5(ý7+$7ý7+(ý836ý6<67(0ý&217$,16ý +,*+ý'&ý$6ý:(//ý$6ý$&ý92/7$*(6ïý:,7+ý,1387ý32:(5ý2))ý $1'ý7+(ý%$77(5<ý',6&211(&7('ñý+,*+ý92/7$*(ý$7ý ),/7(5ý&$3$&,7256ý$1'ý32:(5ý&,5&8,76ý6+28/'ý%(ý ',6&+$5*('ý:,7+,1ýêíý6(&21'6ïý+2:(9(5ñý,)ý$ý32:(5ý &,5&8,7ý)$,/85(ý+$6ý2&&855('ñý<28ý6+28/'ý$6680(ý 7+$7ý+,*+ý92/7$*(ý0$<ý67,//ý(;,67ý$)7(5ý6+87'2:1ïý &+(&.ý:,7+ý$ý92/70(7(5ý%()25(ý0$.,1*ý&217$&7ï
$&ý92/7$*(ý:,//ý5(0$,1ý21ý7+(ý6<67(0ý%<3$66ýõ6%%ôý $1'ý836ý287387ý&,5&8,7ý%5($.(56ñý$1'ý7+(ý67$7,&ý %<3$66ý6:,7&+ñý81/(66ý$662&,$7('ý(;7(51$/ý&,5&8,7 ý %5($.(56ý$5(ý23(1('ï
&+(&.ý)25ý92/7$*(ý:,7+ý%27+ý$&ý$1'ý'&ý92/70(7(56ý 35,25ý72ý0$.,1*ý&217$&7ï
:+(1ý7+(ý836ý6<67(0ý,6ý81'(5ý32:(5ñý%27+ý7+(ý 23(5$725ý$1'ý$1<ý7(67ý(48,30(17ý0867ý%(ý,62/$7(' ý )520ý',5(&7ý&217$&7ý:,7+ý($57+ý*5281'ý$1'ý7+(ý836ý &+$66,6ý)5$0(ý%<ý86,1*ý58%%(5ý0$76ï
620(ý&20321(176ý:+(1ý7+(ý&$%,1(76ý$5(ý127ý &211(&7('ý72ý&+$66,6ý*5281'ïý$1<ý&217$&7ý%(7:((1ý )/2$7,1*ý&,5&8,76ý$1'ý7+(ý&+$66,6ý,6ý$ý/(7+$/ý6+2&.ý +$=$5'ïý(;(5&,6(ý&$87,21ý7+$7ý7+(ý7(67ý,167580(17ý (;7(5,25ý'2(6ý127ý0$.(ý&217$&7 ý(,7+(5ý3+<6,&$//<ý 25ý(/(&75,&$//<ý:,7+ý($57+ý*5281'ï
ээээээээээм
%287ý7+,6ý0$18$/
$
:HOFRPHэWRэWKHэ/LHEHUWэ6HULHVэзннэ8QLQWHUUXSWLEOHэ3RZHUэ6XSSO\эх836фэ2SHUDWLRQэDQGэ 0DLQWHQDQFHэ0DQXDOэIRUэDэPXOWLрPRGXOHэV\VWHPпэ7KHэ6HULHVэзннэ836эLVэHDV\эWRэRSHUDWHэDQGэ
PDLQWDLQпэ5HDGэWKLVэPDQXDOэWKRURXJKO\эEHIRUHэRSHUDWLQJэRUэSHUIRUPLQJэPDLQWHQDQFHэRQэ\RXUэ 6HULHVэзннэ836эV\VWHPп
7KHýPDQXDOýLVýRUJDQL]HGýVRýWKDWýLQIRUPDWLRQýFDQýEHýIRXQGýTXLFNO\ïý(DFKýPDMRUýWRSLFýLVýVHSDUDWHGý E\ýVHFWLRQVñýDQGýWKHý7DEOHýRIý&RQWHQWVýFRQWDLQVýPDMRUýKHDGLQJVýZLWKLQýHDFKýVHFWLRQïý7KHýQDPHVýRIý WKHýVHFWLRQVýDQGýWKHLUýFRQWHQWVýDUHýGHVFULEHGýEHORZï
ìïí ðý,QWURGXFWLRQэLVэDэVXPPDU\эRIэWKHэ6HULHVэзннэ836э6\VWHPпэ,WэGHVFULEHVэVRPHэRIэWKHэ
XQLTXHэIHDWXUHVэDQGэEHQHILWVэRIэWKHэ6HULHVэзннсэDVэZHOOэDVэWKHэGHVLJQэSULQFLSOHVэDQGэVWDQGDUGVэ WKDWэ/LHEHUWэIROORZVэLQэWKHэPDQXIDFWXUHэRIэHDFKэV\VWHPпэ$эGHVFULSWLRQэRIэWKHэ6HULHVэзннэV\VWHPэ DQGэDQэRYHUYLHZэRIэLWVэIXQFWLRQVэDUHэDOVRэLQFOXGHGп
лпн рэ7KHRU\эRIэ2SHUDWLRQэLVэDQэH[SODQDWLRQэRIэWKHэPDMRUэFLUFXLWэJURXSVэRIэWKHэ6HULHVэзннэ
836ïý7KLVýVHFWLRQýLVýIRUýLQGLYLGXDOVýZKRýZDQWýWRýNQRZýERWKýWKHýEDVLFVýDQGýWKHýVSHFLILFVýRIýHDFKý PDMRUýFRPSRQHQWïý7KHýWH[WýH[SODLQVýKRZýWKHý836ýKDQGOHVýHOHFWULFDOýGLVWXUEDQFHVýDQGýLQWHUð UXSWLRQVï
êïí ðý2SHUDWLRQýLVýZULWWHQýIRUýIDFLOLW\ýSHUVRQQHOýUHVSRQVLEOHýIRUýWKHýRSHUDWLRQýRIýWKHýV\VWHPïý,Wý
GHWDLOVýWKHýSURFHGXUHVýUHTXLUHGýWRýVWDUWðXSýHDFKýPRGXOHýDQGýWKHýV\VWHPñýWRýWUDQVIHUýWKHýORDGý EHWZHHQýWKHýDYDLODEOHýVRXUFHVñýDQGýWRýVKXWýGRZQýHDFKýPRGXOHýDQGýWKHýV\VWHPïý%RWKýPDQXDOý DQGýDXWRPDWLFýRSHUDWLRQVýDUHýGHVFULEHGïý2SHUDWRUýFRQWUROVýDQGýGLVSOD\VñýLQFOXGLQJýWKHýVROLGý VWDWHýOLTXLGýFU\VWDOýGLVSOD\ýõ/&'ôýVFUHHQñýDUHýLOOXVWUDWHGýDQGýH[SODLQHGýIRUýWKHý836ýPRGXOHý DQGýWKHý6\VWHPý&RQWUROý&DELQHWýõ6&&ôï
éïí ðý0DLQWHQDQFHýOLVWVýURXWLQHýPDLQWHQDQFHýFKHFNVýDQGýKHOSVýWKHýXVHUýSLQSRLQWýDQGýTXLFNO\ý
UHVROYHýSUREOHPVýLIýWKH\ýDULVHï
èïí ðý6SHFLILFDWLRQVýDQGý5DWLQJVэJLYHVэGHWDLOHGэVSHFLILFDWLRQVэDERXWэWKHэ6HULHVэзннэ836э
6\VWHPïý7KLVýWHFKQLFDOýLQIRUPDWLRQýLVýRIýXVHýWRýLQVWDOOLQJýFRQWUDFWRUVñýHQJLQHHUVñýDQGýVHUYLFHý SHUVRQQHOï
,Iэ\RXэUHTXLUHэDVVLVWDQFHэIRUэDQ\эUHDVRQсэFDOOэWKHэWROOрIUHHэ/LHEHUWэ&XVWRPHUэ6HUYLFHэчэ6XSSRUWэ QXPEHUгэмреннрийкрлкжепэ)RUэ&6ч6эWRэDVVLVWэ\RXэH[SHGLHQWO\сэSOHDVHэKDYHэWKHэIROORZLQJэLQIRUPDр WLRQэDYDLODEOHг
3DUWý1XPEHUVã
6HULDOý1XPEHUVã
N9$ý5DWLQJã
'DWHý3XUFKDVHGã
'DWHý,QVWDOOHGã
/RFDWLRQã
,QSXWý9ROWDJHã
2XWSXWý9ROWDJHã
%DWWHU\ý5HVHUYHý7LPHã
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
лээээээээээ
ìïí ,
1752'8&7,21
ìïì 6\VWHPý'HVFULSWLRQ
7KHýUROHýRIýWKHýSDUDOOHOðUHGXQGDQWýPXOWLðPRGXOHý836ýV\VWHPýLVýWRýVXSSO\ýXQLQWHUUXSWLEOHñýFOHDQý SRZHUýWRýWKHýFULWLFDOýORDGïý,WýPDLQWDLQVýDýIXOOðYROWDJHñýORZðGLVWRUWLRQýRXWSXWýHYHQýLIýWKHýXWLOLW\ý VRXUFHýSRZHUýVDJVýRUýEHFRPHVýGLVWRUWHGï
,IэWKHUHэLVэDQэRXWDJHэRIэWKHэVRXUFHэSRZHUсэWKHэ836эPDLQWDLQVэSRZHUэWRэWKHэORDGэXQWLOэDQэDOWHUQDWHэ VRXUFHэRIэSRZHUэLVэDFWLYDWHGсэRUэXQWLOэWKHэRULJLQDOэSRZHUэVRXUFHэLVэUHVWRUHGпэ,IэLQSXWэ$&эSRZHUэLVэ QRWэUHVWRUHGсэWKHэ836эPDLQWDLQVэWKHэORDGэхZLWKэWKHэEDWWHU\эSODQWфэORQJэHQRXJKэWKDWэWKHэFULWLFDOэ HTXLSPHQWэFDQэEHэVKXWэGRZQэLQэDQэRUGHUO\эPDQQHUпэ7KHэ6HULHVэзннэ836эPRGXOHэGLVSOD\VэWKHэUDWHэ RIэEDWWHU\эGLVFKDUJHэDQGэFDOFXODWHVэWKHэDPRXQWэRIэEDWWHU\эWLPHэUHPDLQLQJэEDVHGэRQэWKHэDFWXDOэFRQр QHFWHGэORDGпэ7KHэWLPHэWKDWэWKHэEDWWHU\эZLOOэPDLQWDLQэWKHэORDGэGHSHQGVэRQэWKHэFDSDFLW\эRIэWKHэEDWр WHU\эEDFNXSэSODQWэDQGэWKHэVL]HэRIэWKHэORDGп
7KHýV\VWHPýFRQWUROýORJLFýDXWRPDWLFDOO\ýPDQDJHVýFULWLFDOýEXVýRSHUDWLRQïý6\VWHPýORJLFýLVýUHVLGHQWýLQý $SSOLFDWLRQý6SHFLILFý,QWHJUDWHGý&LUFXLWVýõ$6,&VôýIRUýSUHFLVHýFRQWUROýDQGýLPSURYHGýUHOLDELOLW\ï
,IэWKHэFULWLFDOэORDGэFXUUHQWэH[FHHGVэWKHэUDWHGэORDGэRIэWKHэ6HULHVэзннэ836эV\VWHPсэWKHэFRQWUROэORJLFэ GHWHUPLQHVэWKHэPDJQLWXGHэRIэWKHэRYHUORDGэDQGэUHDFWVэDSSURSULDWHO\пэ2YHUORDGVэDUHэXVXDOO\эWKHэ UHVXOWэRIэLQUXVKэFXUUHQWэUHTXLUHPHQWVпэ7KHэ836эV\VWHPэVXSSRUWVэORDGVэWKDWэDUHэминшэRIэWKHэUDWHGэ ORDGэIRUэXSэWRэкнэVHFRQGVсэмлишэRIэWKHэUDWHGэORDGэIRUэXSэWRэWHQэPLQXWHVсэDQGэмнйшэRIэWKHэUDWHGэORDGэ LQGHILQLWHO\пэ,IэWKHэV\VWHPэLVэRSHUDWLQJэLQэWKHэQRQрUHGXQGDQWэORDGсэхHпJпсэDэ836эPRGXOHэLVэRIIэOLQHфсэ WKHэRYHUORDGэOLPLWVэDUHэDXWRPDWLFDOO\эDGMXVWHGп
)LJXUHýì 0XOWLр0RGXOHэминэDQGэллиэN9$э836э
,QWURGXFWLRQээээээээээк
,IýWKHýORDGýVXUSDVVHVýWKHýRYHUORDGýFDSDFLW\ýRIýWKHý836ñýWKHýORDGýLVýDXWRPDWLFDOO\ýWUDQVIHUUHGýWRý E\SDVVýZLWKRXWýLQWHUUXSWLRQïý:KHQýWKHýORDGýUHWXUQVýWRýZLWKLQýWKHý836ýUDWLQJñýLWýLVýHLWKHUýDXWRð PDWLFDOO\ýRUýPDQXDOO\ýUHWXUQHGýõUHWUDQVIHUUHGôýWRýWKHý836ïý+RZýDQGýZKHQýWKHýORDGýLVýUHWXUQHGýWRý WKHý836ýGHSHQGVýRQýVHYHUDOýIDFWRUVãýKRZýORQJýWKHýRYHUORDGýODVWHGñýKRZýPDQ\ýRYHUORDGýFRQGLWLRQVý RFFXUUHGýEHIRUHýWUDQVIHUñýZKHWKHUýWKHUHýLVýDQýLPPLQHQWýIDLOXUHýRIýDQ\ýSDUWýRIýWKHý836ñýHWFïý5HIHUý WRýêïé ðý$XWRPDWLFý2SHUDWLRQVï
,QýWKHýXQOLNHO\ýHYHQWýRIýDýIDXOWýZLWKLQýWKHý836ñýWKHý6&&ýFRQWUROýORJLFñýZKLFKýFRQWLQXRXVO\ýPRQLð WRUVýDOOýFULWLFDOýFLUFXLWVýZLWKLQýWKHý836ýV\VWHPñýWUDQVIHUVýWKHýORDGýWRýE\SDVVýZLWKRXWýLQWHUUXSWLRQý DQGýVLPXOWDQHRXVO\ýVHWVýRIIýORFDOýDQGýUHPRWHýDODUPVïý,IýDýIDXOWýLVýGHWHFWHGýLQýDQýLQGLYLGXDOý836ý PRGXOHñýWKDWýPRGXOHýLVýDXWRPDWLFDOO\ýGLVFRQQHFWHGýIURPýWKHýFULWLFDOýEXVýDQGýVKXWýGRZQïý$ý0RGð XOHý2IIý/LQHýVWDWXVýPHVVDJHýZLOOýDSSHDUýDWýWKHý6&&ýGLVSOD\ïý7KHýPRGXOHýFDQýEHýPDQXDOO\ý UHWXUQHGýWRýVHUYLFHýZKHQýWKHýIDXOWýKDVýEHHQýFRUUHFWHGï
,IýWKHýPXOWLðPRGXOHý836ýV\VWHPýLVýRSHUDWLQJýLQýWKHýUHGXQGDQWýPRGHýõDWýOHDVWýRQHýH[WUDýPRGXOHýLVý DYDLODEOHýIRUýWKHýFRQQHFWHGýFULWLFDOýORDGôñýWKHýORDGýZLOOýUHPDLQýRQýWKHý836ýV\VWHPýLIýRQHýLQGLYLGXDOý PRGXOHýLVýGLVFRQQHFWHGýIURPýWKHýFULWLFDOýEXVýõRIIýOLQHôïý,IýWKHý836ýV\VWHPýLVýRSHUDWLQJýLQýWKHýQRQð UHGXQGDQWýPRGHñýWKHýORDGýZLOOýEHýDXWRPDWLFDOO\ýWUDQVIHUUHGýWRýE\SDVVýLIýDýPRGXOHýJRHVýRIIýOLQHïý
7KHэ6HULHVэзннэ836эGLVSOD\эV\VWHPэSURYLGHVэSUHFLVHэPRQLWRULQJэRIэWKHэ836сэIDVWэDODUPэUHVSRQVHсэ DQGэTXLFNэWURXEOHVKRRWLQJпэ)RUэHDV\эPDQXDOэRSHUDWLRQVсэPHQXрGULYHQэVRIWZDUHэSURYLGHVэDFFHVVэWRэ VHYHUDOэVWHSрE\рVWHSэKHOSэVFUHHQVпэ$OOэRSHUDWRUэIXQFWLRQVэDUHэSHUIRUPHGэXVLQJэPHQXрSURPSWHGэGLVр SOD\VэDQGэDэPLQLPXPэQXPEHUэRIэRSHUDWRUэFRQWUROVпэ7KHэ6\VWHPэ&RQWUROэ&DELQHWэLQFOXGHVэH[WHUQDOэ FRPPXQLFDWLRQэFDSDELOLW\эZLWKэERWKэDXWRPDWLFэGLDOрRXWэDQGэGLDOрLQэIHDWXUHVэIRUэHDUO\эZDUQLQJэDQGэ GLDJQRVLVэRIэDEQRUPDOэFRQGLWLRQVп
7KHýV\VWHPýVRIWZDUHýDOORZVýWKHýRSHUDWRUñýRUý/LHEHUWý&XVWRPHUý6HUYLFHýDQGý6XSSRUWñýWRýHQWHUý DSSOLFDWLRQýVSHFLILFýLQIRUPDWLRQïý2YHUORDGñýRYHUYROWDJHñýEDWWHU\ýGLVFKDUJHñýDQGýVKXWGRZQýOLPLWVý FDQýEHýVHWýE\ýWKHýRSHUDWRUïý,QýHIIHFWñýWKHýVRIWZDUHýFDQýEHýWDLORUHGýIRUýHDFKýVLWHï
7KHý836ýV\VWHPýSURWHFWVýFULWLFDOýHTXLSPHQWýIURPýVRXUFHýSRZHUýGLVWXUEDQFHVýDQGýRXWDJHVñýORDGý IDXOWVñýDQGý836ýPDOIXQFWLRQVïý7KLVýWULSOHýSURWHFWLRQýYLUWXDOO\ýHOLPLQDWHVýFRPSXWHUýDQGýFRPSXWLQJý HTXLSPHQWýGRZQWLPHýDVýDýUHVXOWýRIýXWLOLW\ýVRXUFHýSRZHUýSUREOHPVï
йээээээээээ,QWURGXFWLRQ
)LJXUHýë 0XOWLр0RGXOHэкннэWRэйинэN9$э836э
,QWURGXFWLRQээээээээээи
ìïë 5HOLDELOLW\
8QLQWHUUXSWLEOHý3RZHUý6\VWHPVýDUHýEHFRPLQJýDýQHFHVVLW\ýIRUýDOOýW\SHVýRIýEXVLQHVVHVïý7KHýVXEVWDQð WLDOýLQYHVWPHQWVýPDGHýWRýPDQDJHýLQIRUPDWLRQýDVVHWVýPDQGDWHýXVLQJýWKHýPRVWýUHOLDEOHýV\VWHPý DYDLODEOHýWRýVXSSO\ýSRZHUýWRýFRPSXWHUVýDQGýSURFHVVýFRQWUROýHTXLSPHQWï
/LHEHUWэ/DUJHэ836эV\VWHPVэKDYHэDэILHOGрSURYHQэUHFRUGэRIэH[SHULHQFHэDQGэUHOLDELOLW\эWKURXJKэPLOр OLRQVэRIэKRXUVэRIэRSHUDWLRQпэ2XUэ4XDOLW\э$VVXUDQFHэSURJUDPэLVэFHUWLILHGэWRэWKHэUHTXLUHPHQWVэRIэ,62э дннмэVWDQGDUGVпэ,QэDGGLWLRQсэ/LHEHUWэ/DUJHэ836эV\VWHPVэDUHэHLWKHUэ8/эRUэ(7/эOLVWHGпэ$OOэHTXLSр PHQWэDQGэFRPSRQHQWVэDUHэPDQXIDFWXUHGэWRэDSSOLFDEOHэ8/сэ1(&сэ1(0$сэ$16,сэ,(((сэDQGэ&6$э VWDQGDUGVэDQGэJXLGHOLQHVп
7KHýNH\VýWRýUHOLDELOLW\ýLQýWKHýGHVLJQýRIýWKHý836ýV\VWHPýDUHýFRQVHUYDWLYHO\ýUDWHGýFRPSRQHQWVñýPLQð LPL]LQJýWUDQVIHUVýWRýE\SDVVñýXQGHUVWDQGDEOHýRSHUDWRUýFRQWUROVñýDQGýHDV\ýDFFHVVýIRUýPDLQWHQDQFHý DQGýUHSDLUïý:KLOHýWKHý/LHEHUWý/DUJHý836ýV\VWHPVýLQFRUSRUDWHýWKHVHýGHVLJQýIDFWRUVñýZHýUHFRJQL]Hý WKDWýWKHýUHOLDELOLW\ýRIý836ýV\VWHPVýLVýDOVRýDýIXQFWLRQýRIýSURSHUýLQVWDOODWLRQñýRSHUDWLRQñýDQGýPDLQWHð QDQFHï
0DQ\эIDLOXUHVэRIэ836эV\VWHPVэSURSHUO\эPDWFKHGэWRэKDQGOHэWKHэORDGэDUHэGXHэWRэLPSURSHUэLQVWDOODр WLRQпэ/LHEHUWэ&XVWRPHUэ6HUYLFHэDQGэ6XSSRUWэWKRURXJKO\эLQVSHFWVэWKHэLQVWDOODWLRQэRIэHYHU\эRQHэRIэ RXUэXQLWVэWRэPDNHэVXUHэWKDWэLWэLVэLQVWDOOHGэSURSHUO\эDQGэRSHUDWHVэZLWKLQэSHUIRUPDQFHэVSHFLILFDр WLRQVпэ$QRWKHUэIDFWRUэLQэUHOLDELOLW\эLVэSURSHUэRSHUDWLRQпэ7KHэ6HULHVэзннэ836эLVэGHVLJQHGэZLWKэHDV\р WRрIROORZсэSURPSWHGэLQVWUXFWLRQVэWRэKHOSэSUHYHQWэRSHUDWRUэHUURUпэ7KURXJKэSURSHUэRSHUDWLRQэDQGэ PDLQWHQDQFHэDIWHUэWKHэLQVWDOODWLRQсэWKHэLQKHUHQWэUHOLDELOLW\эRIэWKHэV\VWHPэLVэPDLQWDLQHGп
)LJXUHýê 0XOWLр0RGXOHэиннэWRэмнннэN9$э836э
0RGHVýRIýRSHUDWLRQýWKDWýXWLOL]HýOHVVýUHOLDEOHýFRPSRQHQWVýKDYHýEHHQýPLQLPL]HGïý)RUýH[DPSOHñýWKHý V\VWHPýKDVýWKHýFDSDELOLW\ýWRýFOHDUýVXEVWDQWLDOýRYHUORDGVýWKURXJKýWKHýVROLGýVWDWHýVWDWLFýE\SDVVý VZLWFKýZLWKRXWýWUDQVIHUýWRýWKHýE\SDVVýVRXUFHïý0LQLPL]LQJýWUDQVIHUVýWRýE\SDVVýHQKDQFHVýWKHýV\VWHPý UHOLDELOLW\ï
7KHýFRQWUROýORJLFýLVýLVRODWHGýIURPýKHDWýJHQHUDWLQJýFRPSRQHQWVýWRýDVVXUHýRSWLPDOýRSHUDWLQJýWHPSHUð DWXUHVï
7KHэUHOLDELOLW\эRIэWKHэFULWLFDOэEXVэLVэWKHэNH\эFRQVLGHUDWLRQэLQэWKHэGHVLJQэDQGэPDQXIDFWXUHэRIэDOOэ/LHр EHUWэ/DUJHэ836эV\VWHPVпэ%\эXVLQJэWKLVэPDQXDOэ\RXэVKRXOGэEHэDEOHэWRэRYHUVHHэWKHэLQVWDOODWLRQэDVэ ZHOOэDVэRSHUDWHэDQGэSHUIRUPэURXWLQHэPDLQWHQDQFHэRQэWKHэ6HULHVэзннэ836пэ,Iэ\RXэHYHUэQHHGэKHOSсэ FDOOэ/LHEHUWэ&XVWRPHUэ6HUYLFHэDQGэ6XSSRUWэхлйэKRXUVэDэGD\эDWэмреннрийкрлкжефпэ7KHэVXSHULRUэ GHVLJQэDQGэFRQVWUXFWLRQэRIэWKHэXQLWVэFRPELQHGэZLWKэ\RXUэDWWHQWLRQэWRэSURSHUэLQVWDOODWLRQсэRSHUDр WLRQсэDQGэSHULRGLFэPDLQWHQDQFHэHQVXUHVэWKDWэ\RXUэEXVLQHVVэRSHUDWLRQVэUHFHLYHэWKHэEHVWэSRVVLEOHэ SURWHFWLRQэIURPэHOHFWULFDOэGLVWXUEDQFHVэDQGэRXWDJHVп
зээээээээээ,QWURGXFWLRQ
ìïê 6DIHW\ý3UHFDXWLRQV
5HDGýWKLVýPDQXDOýWKRURXJKO\ñýSD\LQJýVSHFLDOýDWWHQWLRQýWRýWKHýVHFWLRQVýWKDWýDSSO\ýWRý\RXñýEHIRUHý ZRUNLQJýZLWKýWKHý836ïý$OVRýUHDGýWKHýEDWWHU\ýPDQXIDFWXUHUªVýPDQXDOýEHIRUHýZRUNLQJýRQýRUýQHDUý WKHýEDWWHU\ï
8QGHUýW\SLFDOýRSHUDWLRQýDQGýZLWKýDOOý836ýGRRUVýFORVHGñýRQO\ýQRUPDOýVDIHW\ýSUHFDXWLRQVýDUHýQHFHVð VDU\ïý7KHýDUHDýDURXQGýWKHý836ýV\VWHPýDQGý%DWWHU\ýVKRXOGýEHýNHSWýIUHHýIURPýSXGGOHVýRIýZDWHUñý H[FHVVýPRLVWXUHñýRUýGHEULVï
6SHFLDOýVDIHW\ýSUHFDXWLRQVýDUHýUHTXLUHGýIRUýSURFHGXUHVýLQYROYLQJýKDQGOLQJñýLQVWDOODWLRQñýDQGýPDLQð WHQDQFHýRIýWKHý836ýV\VWHPýRUýWKHýEDWWHU\ïý2EVHUYHýSUHFDXWLRQVýLQýWKHýVHSDUDWHý,QVWDOODWLRQý
0DQXDOýEHIRUHýKDQGOLQJýRUýLQVWDOOLQJýWKHý836ýV\VWHPïý2EVHUYHýSUHFDXWLRQVýLQýéïí ðý0DLQWHð QDQFHýEHIRUHýDVýZHOOýDVýGXULQJýSHUIRUPDQFHýRIýDOOýPDLQWHQDQFHýSURFHGXUHVïý2EVHUYHýDOOýEDWWHU\ý VDIHW\ýSUHFDXWLRQVýLQýéïí ðý0DLQWHQDQFHýEHIRUHýZRUNLQJýRQýRUýQHDUýWKHýEDWWHU\ï
7KLVýHTXLSPHQWýFRQWDLQVýVHYHUDOýFLUFXLWVýWKDWýDUHýHQHUJL]HGýZLWKýKLJKýYROWDJHïý2QO\ýWHVWý
HTXLSPHQWýGHVLJQDWHGýIRUýWURXEOHVKRRWLQJýVKRXOGýEHýXVHGïý7KLVýLVýSDUWLFXODUO\ýWUXHýIRUýRVFLOORð VFRSHVïý$OZD\VýFKHFNýZLWKýDQý$&ýDQGý'&ýYROWPHWHUýWRýHQVXUHýVDIHW\ýEHIRUHýPDNLQJýFRQWDFWýRUý XVLQJýWRROVïý(YHQýZKHQýWKHýSRZHUýLVýWXUQHGý2IIñýGDQJHURXVO\ýKLJKýSRWHQWLDOVýPD\ýH[LVWýDWýWKHý FDSDFLWRUýEDQNVïý2EVHUYHýDOOýEDWWHU\ýSUHFDXWLRQVýZKHQýQHDUýWKHýEDWWHU\ýIRUýDQ\ýUHDVRQï
21/<ýTXDOLILHGýVHUYLFHýSHUVRQQHOýVKRXOGýSHUIRUPýPDLQWHQDQFHýRQýWKHý836ýV\VWHPïý :KHQýSHUIRUPLQJýPDLQWHQDQFHýZLWKýDQ\ýSDUWýRIýWKHýHTXLSPHQWýXQGHUýSRZHUñýVHUYLFHýSHUVRQQHOý DQGýWHVWýHTXLSPHQWýVKRXOGýEHýVWDQGLQJýRQýUXEEHUýPDWVïý7KHýVHUYLFHýSHUVRQQHOýVKRXOGýZHDUýLQVXð ODWLQJýVKRHVýIRUýLVRODWLRQýIURPýGLUHFWýFRQWDFWýZLWKýWKHýIORRUýõHDUWKýJURXQGôï
8QOHVVýDOOýSRZHUýLVýUHPRYHGýIURPýWKHýHTXLSPHQWñýRQHýSHUVRQýVKRXOGýQHYHUýZRUNýDORQHïý$ýVHFRQGý SHUVRQýVKRXOGýEHýVWDQGLQJýE\ýWRýDVVLVWýDQGýVXPPRQýKHOSýLQýFDVHýDQýDFFLGHQWýVKRXOGýRFFXUïý7KLVýLVý SDUWLFXODUO\ýWUXHýZKHQýZRUNýLVýSHUIRUPHGýRQýWKHýEDWWHU\ï
7KUHHýW\SHVýRIýPHVVDJHVýDUHýXVHGýWKURXJKRXWýWKHýPDQXDOýWRýVWUHVVýLPSRUWDQWýWH[Wïý&DUHIXOO\ýUHDGý WKHýWH[WýEHORZýHDFKý:DUQLQJñý&DXWLRQñýDQGý1RWHýDQGýXVHýSURIHVVLRQDOýVNLOOVýDQGýSUXGHQWýFDUHý ZKHQýSHUIRUPLQJýWKHýDFWLRQVýGHVFULEHGýE\ýWKDWýWH[Wï
:DUQLQJýVLJQDOVýWKHýSUHVHQFHýRIýDýSRVVLEOHýVHULRXVñýOLIHðWKUHDWHQLQJýFRQGLWLRQïý)RUýH[DPSOHã
:$51,1*
$
/(7+$/ý92/7$*(6ý0$<ý%(ý35(6(17ý:,7+,1ý7+,6ý8 1,7ý (9(1ý:+(1ý,7ý,6ý$33$5(17/<ý127ý23(5$7,1*ïý2%6(59(ý $//ý&$87,216ý$1'ý:$51,1*6ý,1ý7+,6ý0$18$/ïý)$,/85(ý 72ý'2ý62ý&28/'ý5(68/7ý,1ý6(5,286ý,1-85<ý25ý'($7+ïý'2ý 127ý:25.ý21ý25ý23(5$7(ý7+,6ý(48,30(17ý81/(66ý<28ý $5(ý)8//<ý48$/,),('ý72ý'2ý62üüý1(9(5ý:25.ý$/21(ï
&DXWLRQýLQGLFDWHVýDýFRQGLWLRQýWKDWýFRXOGýVHULRXVO\ýGDPDJHýHTXLSPHQWýDQGýSRVVLEO\ýLQMXUHýSHUð VRQQHOïý)RUýH[DPSOHã
&$87,21
$
0DNHýVXUHý\RXýXQGHUVWDQGýWKHýSURSHUýVHTXHQFHýEHIRUHýRSHUDWLQJý DQ\ýFLUFXLWýEUHDNHUïý2SHUDWLQJýDý0DLQWHQDQFHý%\SDVVýFLUFXLWý EUHDNHUýRXWýRIýVHTXHQFHýFRXOGýFXWýRIIýSRZHUýWRýWKHýFULWLFDOýORDGï
1RWHýHPSKDVL]HVýLPSRUWDQWýWH[Wïý,IýWKHýQRWHýLVýQRWýIROORZHGñýHTXLSPHQWýFRXOGýEHýGDPDJHGýRUý PD\ýQRWýRSHUDWHýSURSHUO\ïý)RUýH[DPSOHã
127(
,IýWKHý836ýV\VWHPýKDVýDýEORZQýIXVHñýWKHýFDXVHýVKRXOGýEHýGHWHUPLQHGýEHIRUHý \RXýUHSODFHýWKHýIXVHïý&RQWDFWý/LHEHUWý&XVWRPHUý6HUYLFHýDQGý6XSSRUWï
,QWURGXFWLRQээээээээээж
)LJXUHýé 6\VWHPý&RQWUROý&DELQHWVýõ6&&Vôý
еээээээээээ,QWURGXFWLRQ
ìïé 0RGHVý2Iý2SHUDWLRQ
5HIHUýWRýëïí ðý7KHRU\ýRIý2SHUDWLRQýDQGýêïí ðý2SHUDWLRQýIRUýPRUHýGHWDLOVï
мпйпм 1RUPDOýõ/RDGýRQý836ô
7KHýXWLOLW\ý$&ýVRXUFHýSURYLGHVýSRZHUýWRýWKHýUHFWLILHUîFKDUJHUýLQýHDFKý836ýPRGXOHïý(DFKýUHFWLILHUî FKDUJHUýFRQYHUWVýWKHýXWLOLW\ý$&ýSRZHUýWRý'&ýDQGýVXSSOLHVý'&ýSRZHUýWRýWKHý836ýPRGXOHýLQYHUWHUý ZKLOHýVLPXOWDQHRXVO\ýIORDWýFKDUJLQJýWKHýEDWWHU\ýSODQWïý(DFKý836ýPRGXOHýLQYHUWHUýFRQYHUWVý'&ýWRý $&ýDQGýIXUQLVKHVý$&ýSRZHUýWRýWKHýFULWLFDOýEXVïý7KHý6\VWHPý&RQWUROý&DELQHWýõ6&&ôýLVýWKHýWLHýSRLQWý IRUýWKHýSDUDOOHOHGýPRGXOHVýDQGýPRQLWRUVýDQGýFRQWUROVýWKHýFULWLFDOýEXVýSHUIRUPDQFHï
мпйпл ,QSXWý3RZHUý)DLOXUH
,IýWKHýXWLOLW\ýVRXUFHýSRZHUýIDLOVýRUýLVýRXWVLGHýWKHýDFFHSWDEOHýUDQJHñýWKHýEDWWHU\ýSODQWýEHFRPHVýWKHý SULPDU\ýVXSSOLHUýRIý'&ýSRZHUýWRýWKHýLQYHUWHUï
мпйпк 5HFKDUJH
$IWHUýWKHýXWLOLW\ýVRXUFHýSRZHUýLVýUHVWRUHGñýRUýDQýDOWHUQDWHýSRZHUýVRXUFHýEHFRPHVýDYDLODEOHñýHDFKý UHFWLILHUîFKDUJHUýVORZO\ýZDONVðLQýWRýRQFHýDJDLQýSRZHUýWKHýLQYHUWHUVýDQGýUHFKDUJHýWKHýEDWWHU\ýSODQWï
мпйпй 2YHUORDG
2YHUORDGVэLQэFULWLFDOэV\VWHPVэPD\эEHэFDXVHGэE\эLQUXVKэFXUUHQWVэGXULQJэFRQQHFWHGэHTXLSPHQWэVWDUWэ XSэRUэE\эIDXOWVэLQэWKHэFULWLFDOэORDGпэ7KHэ/LHEHUWэ6HULHVэзннэ836эV\VWHPэFDQэPDLQWDLQэIXOOэRXWSXWэ YROWDJHэUHJXODWLRQэZKLOHэVXVWDLQLQJэWKHэIROORZLQJэRYHUORDGVг
‡ 8SэWRэминшэIRUэкнэVHFRQGV ‡ 8SэWRэмлишэIRUэмнэPLQXWHV ‡ 8SэWRэмнйшэIRUэDQэLQGHILQLWHэSHULRGэRIэWLPH
$OVRсэXSэWRэмннншэRIэWKHэUDWHGэFXUUHQWэFDQэEHэVXSSOLHGэIURPэWKHэE\SDVVэVRXUFHэWKURXJKэWKHэVWDWLFэ VZLWFKэIRUэFOHDULQJэPRPHQWDU\эхXSэWRэйнэPLOOLVHFRQGVфэIDXOWVэDERYHэмиишэRIэUDWHGэ6&&эFXUUHQWп
7KHýFULWLFDOýORDGýUHPDLQVýRQýWKHý836ýPRGXOHVýIRUýWKHýDERYHýFRQGLWLRQVïý,IýWKHý836ýRYHUORDGýFDSDFð LW\ýLVýH[FHHGHGñýDQýDXWRPDWLFýWUDQVIHUýWRýE\SDVVýLVýLQLWLDWHGýZKLFKýFORVHVýWKHýV\VWHPýE\SDVVýFLUFXLWý EUHDNHUýDQGýRSHQVýWKHý836ýRXWSXWýFLUFXLWýEUHDNHUï
:KHQHYHUý\RXýKDYHýDQýRYHUORDGýFRQGLWLRQñý\RXýVKRXOGýGHWHUPLQHýWKHýFDXVHýRIýWKHýRYHUORDGï
мпйпи 5HGXQGDQW
,IýWKHýPXOWLðPRGXOHý836ýV\VWHPýLQFOXGHVýRQHýPRUHýPRGXOHýWKDQýWKHýQXPEHUýUHTXLUHGýWRýVXSSO\ý WKHýFULWLFDOýORDGñýWKHý836ýV\VWHPýFDQýRSHUDWHýLQýWKHýUHGXQGDQWýPRGHïý7KLVýPHDQVýWKDWýWKHýORDGý ZLOOýUHPDLQýRQýWKHý836ýV\VWHPýLIýRQHýRIýWKHýPRGXOHVýLVýGLVFRQQHFWHGýEHFDXVHýRIýDQýRYHUORDGñýDQý LQWHUQDOýIDXOWñýRUýIRUýPDLQWHQDQFHïý,IýWKHýDGGLWLRQDOýPRGXOHýLVýQRWýLQFOXGHGýLQýWKHýV\VWHPýGHVLJQñý RUýLIýWKHýDGGLWLRQDOýPRGXOHýLVýGLVFRQQHFWHGýIURPýWKHýFULWLFDOýEXVñýWKHý836ýV\VWHPýRSHUDWHVýLQýWKHý QRQðUHGXQGDQWýPRGHï
мпйпз %\SDVVýõ,QWHUQDOô
7KHý836ýFRQWUROýORJLFýLQLWLDWHVýDQýDXWRPDWLFýWUDQVIHUýWRýWKHýE\SDVVýVRXUFHýLIýWKHýRYHUORDGðFXUUHQWð YHUVXVðWLPHýFXUYHýLVýH[FHHGHGýRUýLIýVSHFLILHGý836ýV\VWHPýIDXOWVýRFFXUïý<RXýFDQýDOVRýPDQXDOO\ý WUDQVIHUýWKHýORDGýWRýWKHýE\SDVVýõZLWKRXWýLQWHUUXSWLRQôýLIý\RXýPXVWýWDNHýWKHý836ýPRGXOHýRXWýRIýVHUð YLFHýIRUýPDLQWHQDQFHï
7KHэLQWHUQDOэPDLQWHQDQFHэE\SDVVэZLOOэDOORZэPRVWэNH\эFRPSRQHQWVэDQGэRSHUDWLQJэPRGHVэWRэEHэ FKHFNHGэZLWKRXWэGLVWXUELQJэWKHэFULWLFDOэEXVпэ+RZHYHUсэFHUWDLQэNH\эSRZHUрFDUU\LQJэFRPSRQHQWVсэ VXFKэDVэWKHэRXWSXWэDQGэE\SDVVэFLUFXLWэEUHDNHUVсэZLOOэUHTXLUHэFRPSOHWHэV\VWHPэVKXWGRZQэRUэLVRODр WLRQэWKURXJKэDQэH[WHUQDOэPDLQWHQDQFHэE\SDVVэFDELQHWэIRUэмнншэVHUYLFHп
мпйпж 0DLQWHQDQFHý%\SDVV
7KHýLQVWDOODWLRQýRIýDý0DLQWHQDQFHý%\SDVVý6ZLWFKERDUGýLVýUHFRPPHQGHGýWRýDOORZý\RXýWRýWRWDOO\ýLVRð ODWHýWKHý836ýIURPýDOOýSRZHUýVRXUFHVïý8VHýRIýWKHý0DLQWHQDQFHý%\SDVVýLVýGHVFULEHGýLQýêïí ðý2SHUDð WLRQï
мпйпе 2IIð%DWWHU\
7KHýEDWWHU\ýSODQWýFDQýEHýGLVFRQQHFWHGýIURPýWKHýUHFWLILHUîFKDUJHUýE\ýXVLQJýDQýH[WHUQDOý0RGXOHý%DWð WHU\ý'LVFRQQHFWýõ0%'ýFLUFXLWýEUHDNHUôïý7KHý836ýFRQWLQXHVýWRýIXQFWLRQýQRUPDOO\ñýWKRXJKýLWýGRHVý QRWýKDYHýSRZHUýRXWDJHýEDFNðXSýFDSDELOLW\ýXQWLOýWKHýEDWWHU\ýSODQWýLVýUHFRQQHFWHGï
,QWURGXFWLRQээээээээээд
ìïè 2SHUDWRUý&RQWUROV
7KHэ/LHEHUWэ6HULHVэзннэ836э6\VWHPэ&RQWUROэ&DELQHWэх6&&фэDQGэHDFKэLQGLYLGXDOэPRGXOHэDUHэ HTXLSSHGэZLWKэDэPLFURSURFHVVRUрEDVHGэ2SHUDWRUэ'LVSOD\э6FUHHQэDQGэ&RQWUROэ3DQHOэGHVLJQHGэIRUэ FRQYHQLHQWэDQGэUHOLDEOHэRSHUDWLRQп
7KHýIURQWýSDQHOýORFDWLRQýRIýWKHýPRQLWRULQJýDQGýFRQWUROýV\VWHPýHQDEOHVýWKHýXVHUýWRýTXLFNO\ýLGHQWLI\ý WKHýFXUUHQWýVWDWXVýRIýWKHý836ýDQGýWRýSHUIRUPýPRVWýRIýWKHýPDQXDOýRSHUDWLRQVïý7KHýRSHUDWRUýGLVSOD\ý VFUHHQýLVýGULYHQýE\ýDQýHDV\ðWRðIROORZýPHQXðSURPSWHGýVRIWZDUHýSURJUDPýWKDWýFRQWUROVýDQGýPRQLð WRUVýWKHý836ýV\VWHPï
7KHýRSHUDWRUýFRQWUROVýDQGý0RQLWRUî0LPLFýVFUHHQýIRUýWKHý6\VWHPý&RQWUROý&DELQHWýõ6&&ôýDUHýVKRZQý LQý)LJXUH èïý7KHýFRQWUROVýDQGýGLVSOD\ýVFUHHQýIRUýHDFKý836ýPRGXOHýDUHýVKRZQýLQý)LJXUH çïý(DFKý FDELQHWýõ6&&ôýRUýPRGXOHñýKDVýWKHýGLVSOD\VýDQGýFRQWUROVýUHTXLUHGýWRýPRQLWRUýDQGýSHUIRUPýLWVýIXQFð WLRQVïý
$эWKUHHэPRGXOHэV\VWHPэGHVLJQHGэIRUэUHGXQGDQWэRSHUDWLRQэLVэVKRZQпэ$эPXOWLрPRGXOHэ836эV\VWHPэ PD\эLQFOXGHэXSэWRэVL[эхзфэPRGXOHVэIRUэHDFKэ6&&п
'HWDLOHGýLQVWUXFWLRQVýRQýKRZýLQWHUSUHWýWKHýGLVSOD\VýDQGýXVHýWKHýFRQWUROVýDUHýLQýêïí ðý2SHUDWLRQï
)LJXUHýè 6&&ý&RQWUROVýDQGý'LVSOD\ý6FUHHQýZLWKý([DPSOHýRIýWKHý0RQLWRUî0LPLFý6FUHHQý
мнээээээээээ,QWURGXFWLRQ
)LJXUHýç 0RGXOHý&RQWUROVýDQGý'LVSOD\ý6FUHHQýZLWKý([DPSOHýRIýWKHý0RQLWRUî0LPLFý6FUHHQý
,QWURGXFWLRQээээээээээмм
ìïç 2SWLRQV
$ýQXPEHUýRIýVWDQGDUGýSUHðGHVLJQHGýRSWLRQVýDUHýDYDLODEOHýIURPý/LHEHUWýIRUý\RXUý836ýV\VWHPïý 'HVFULEHGýEHORZýDUHýWKHýPRVWýIUHTXHQWO\ýSURYLGHGýRSWLRQVïэ1RWHэWKDWэWKHэEDWWHU\эLWHPVэхмркфэ DUHýUHTXLUHGýWRýFRPSOHWHýWKHý836ýV\VWHPïý7KHýUHPDLQLQJýRSWLRQVýSURYLGHýLPSURYHGýV\VWHPý SHUIRUPDQFHýRUýFRQYHQLHQFHï
ìï %DWWHU\
7KHýEDWWHULHVýSURYLGHýSRZHUýLQýWKHýHYHQWýRIýDýSRZHUýRXWDJHïý7KHý/LHEHUWý836ýFDQýXVHýDýYDULHW\ý RIýEDWWHU\ýW\SHVñýSURYLGHGýWKHýEDWWHU\ýSODQWýLVýGHVLJQHGýIRUýWKHý836ý'&ýYROWDJHýUDQJHýDQGýWKHý ORDGýUHTXLUHPHQWVýRIý\RXUýDSSOLFDWLRQï
ëï %DWWHU\ý5DFNVýRUý&DELQHWV
7KHэEDWWHU\эUDFNVэDUHэVSHFLILFDOO\эGHVLJQHGэIRUэVWDWLRQDU\эVHUYLFHэEDWWHULHVпэ7KH\эDUHэSDLQWHGэ ZLWKэHOHFWURO\WHрUHVLVWDQWэSDLQWэIRUэFRUURVLRQэUHVLVWDQFHпэ%DWWHU\эFDELQHWVэDUHэDYDLODEOHэIRUэминэ WKURXJKэйинэN9$эPRGXOHVп
êï 0RGXOHý%DWWHU\ý'LVFRQQHFW
7KHý836ýV\VWHPýXWLOL]HVýDýVHSDUDWHý0RGXOHý%DWWHU\ý'LVFRQQHFWýIRUýUHPRWHO\ýORFDWHGýEDWWHULHVïý $ýVHQVLQJýFLUFXLWýLQýWKHý836ýPRGXOHñýVHWýDWýWKHýEDWWHU\ýORZýYROWDJHýOLPLWñýWULSVýWKHý0RGXOHý %DWWHU\ý'LVFRQQHFWýWRýVDIHJXDUGýWKHý%DWWHU\ýIURPýH[FHVVLYHýGLVFKDUJHïý7KHý0RGXOHý%DWWHU\ý 'LVFRQQHFWýKDVýDQýXQGHUYROWDJHýUHOHDVHýPHFKDQLVPýGHVLJQHGýWRýHQVXUHýWKDWýGXULQJýDQ\ýVKXWð GRZQýRUýIDLOXUHýPRGHýDOOýEDWWHU\ýSRWHQWLDOýLVýUHPRYHGýIURPýWKHý836ýV\VWHPï
éï ,QSXWý'LVWRUWLRQý)LOWHU
7KLVэILOWHUэUHGXFHVэUHFWLILHUэLQSXWэFXUUHQWэKDUPRQLFэGLVWRUWLRQэWRэOHVVэWKDQэйшэ7+'эхжшэ7+'э IRUэминэWRэйинэN9$эPRGXOHVфпэ,WэLVэIDFWRU\эLQVWDOOHGэZLWKLQэWKHэ836пэ7KLVэILOWHUэDOVRэLPSURYHVэ WKHэLQSXWэSRZHUэIDFWRUэWRэEHWWHUэWKDQэнпдмэODJJLQJп
èï ,VRODWLRQý7UDQVIRUPHUV
)RUэминэWRэйинэN9$эPRGXOHVсэDQэRSWLRQDOэUHFWLILHUэLQSXWэLVRODWLRQэWUDQVIRUPHUэLVэDYDLODEOHэLQэDэ PDWFKLQJэWUDQVIRUPHUэFDELQHWпэ,QSXWэLVRODWLRQэLVэVWDQGDUGэLQэWKHэODUJHUэPRGXOHVэхиннэN9$эDQGэ XSфпэ$эE\SDVVэLVRODWLRQэWUDQVIRUPHUэLVэDOVRэDYDLODEOHэDQGэZLOOэILWэLQWRэWKHэVDPHэPDWFKLQJэFDELр QHWп
çï 7KUHHý%UHDNHUý0DLQWHQDQFHý%\SDVV
7KLVýVZLWFKERDUGýSURYLGHVýPDNHðEHIRUHðEUHDNýPDLQWHQDQFHýE\SDVVïý,WýLQFOXGHVãý836ý%\SDVVý ,QSXWý%UHDNHUýõ%,%ôñý0DLQWHQDQFHý%\SDVVý%UHDNHUýõ0%%ôñýDQGý0DLQWHQDQFHý,VRODWLRQý %UHDNHUýõ0,%ôï
æï 7ZRý%UHDNHUý0DLQWHQDQFHý%\SDVV
7KLVýVZLWFKERDUGýSURYLGHVýPDNHðEHIRUHðEUHDNýPDLQWHQDQFHýE\SDVVïý,WýLQFOXGHVãý0DLQWHQDQFHý %\SDVVý%UHDNHUýõ0%%ôýDQGý0DLQWHQDQFHý,VRODWLRQý%UHDNHUýõ0,%ôï
åï 6LWH6FDQý&HQWUDOý0RQLWRULQJý6\VWHP
/LHEHUWэPDQXIDFWXUHVэDэFHQWUDOэPRQLWRULQJэV\VWHPэWKDWэDXWRPDWLFDOO\эGLVSOD\VэNH\э836эPHDр VXUHPHQWVэDQGэDODUPVсэDVэZHOOэDVэGDWDэIURPэDэYDULHW\эRIэVHQVRUVпэ7KLVэPRQLWRULQJэV\VWHPэVLJр QDOVэDODUPVэVRэFRUUHFWLYHэDFWLRQэFDQэEHэWDNHQпэ(YHQWVэDQGэGDWDэFDQэEHэSULQWHGэLQэKDUGэFRS\пэ 'DWDэFDQэEHэORJJHGэIRUэDQDO\VLVпэ7KHэ6LWH6FDQэLQWHUIDFHэFLUFXLWU\эLVэEXLOWэLQWRэWKHэ6\VWHPэ&RQр WUROэ&DELQHWэх6&&фэRIэ\RXUэ/LHEHUWэ6HULHVэзннэ836э6\VWHPп
äï 5HPRWHý0RQLWRUý3DQHO
7KHý836ýV\VWHPýPD\ýDOVRýEHýSURYLGHGýZLWKýDQýRSWLRQDOý5HPRWHý0RQLWRUý3DQHOïý7KLVý3DQHOý SURYLGHVýHLJKWý/('ýLQGLFDWRUVýDQGýPD\ýEHýSODFHGýDWýDýFRQYHQLHQWýORFDWLRQýQHDUýWKHýFULWLFDOý ORDGïý$ýIXQFWLRQDOýGHVFULSWLRQýRIýWKHý5HPRWHý0RQLWRUý3DQHOýLVýSURYLGHGýLQýêïí ðý2SHUDWLRQýRIý WKLVýPDQXDOï
ìíï &XVWRPHUý$ODUPý,QWHUIDFH
7KLVэRSWLRQDOэLQWHUIDFHэERDUGэDOORZVэWKHэLQSXWэDQGэGLVSOD\эRIэеэDODUPVэIURPэFXVWRPHUрVXSSOLHGэ FRQWDFWVсэHDFKэZLWKэDэFXVWRPHUрVHOHFWHGэQDPHэRIэXSэWRэмзэFKDUDFWHUVпэ7KHэIROORZLQJэDWWULEXWHVэ FDQэEHэXVHUэSURJUDPPHGэIRUэHDFKэDODUPгэODWFKLQJсэVXPPDU\сэIUHH]HэKLVWRU\сэVRXQGэKRUQсэDXWRр GLDOсэDQGэWLPHэGHOD\эхнэWRэдддпдэVHFRQGVфп
млээээээээээ,QWURGXFWLRQ
ëïí 7
+(25<ý2)ý23(5$7,21
ëïì *HQHUDOý&RPSRQHQWý'HVFULSWLRQV
7KHý836ýV\VWHPýLQFOXGHVýDOOýRIýWKHýHTXLSPHQWýQHFHVVDU\ýWRýFRQWLQXRXVO\ýSURYLGHýFRPSXWHUðJUDGHý $&ýSRZHUýWRýDýFULWLFDOýORDGñýHYHQýZKHQýWKHUHýLVýDQýLQWHUUXSWLRQýRIýWKHýXWLOLW\ýOLQHýSRZHUïý,WýFRQVLVWVý RIýDý6\VWHPý&RQWUROý&DELQHWýõ6&&ôñý836ýPRGXOHVñýDQGýDýEDFNðXSýEDWWHU\ýSODQWïý5HIHUýWRý)LJXUH æý DQGý)LJXUH åïý([FHSWýZKHUHýRWKHUZLVHýQRWHGñýWKHýFRQILJXUDWLRQýLVýSUHVXPHGýWRýEHýSDUDOOHOðUHGXQð GDQWýõZLWKýDWýOHDVWýRQHýPRUHý836ýPRGXOHýWKDQýUHTXLUHGýWRýVXSSRUWýWKHýUDWHGýORDGôï
6\VWHPý&RQWUROý&DELQHW
7KHэ6\VWHPэ&RQWUROэ&DELQHWэх6&&фэLQFOXGHVэV\VWHPэFRQWUROVсэVWDWLFэE\SDVVэVZLWFKсэORDGэWUDQVIHUэ FRQWUROсэSURWHFWLYHэGHYLFHVсэDQGэRWKHUэDFFHVVRULHVпэ7KHэV\VWHPэFRQWUROVэVLPXOWDQHRXVO\эPRQLWRUэ WZRэRUэPRUHэSDUDOOHOэ836эPRGXOHVэVKDULQJэDэFULWLFDOэORDGэIRUэLQFUHDVHGэFDSDFLW\эDQGоRUэUHGXQр GDQF\пэ7KHэWZRэхлфэPRWRUэRSHUDWHGэV\VWHPэFLUFXLWэEUHDNHUVэхV\VWHPэE\SDVVэEUHDNHU¦6%%¦DQGэ 836эRXWSXWэEUHDNHUфэPD\эEHэFRQWDLQHGэZLWKLQэWKHэ6&&сэGHSHQGLQJэRQэWKHэFRQILJXUDWLRQэGHVLJQHGэ IRUэ\RXUэLQVWDOODWLRQп
6\VWHPý&RQWUROVãэ7KHэV\VWHPэFRQWUROэORJLFэDXWRPDWLFDOO\эPDQDJHVэFULWLFDOэEXVэRSHUDWLRQэDQGэ PRQLWRUVэSHUIRUPDQFHэRIэWKHэ836эPRGXOHVпэ0LFURSURFHVVRUэWHFKQRORJ\эDQGэGHGLFDWHGэILUPZDUHэ SURYLGHэDGYDQFHGэORJLFэFRQWUROэDQGэDэFRPSUHKHQVLYHэGLVSOD\эRIэLQIRUPDWLRQпэ7KHэV\VWHPэFRQWUROэ ORJLFэV\QFKURQL]HVэWKHэRXWSXWэRIэWKHэ836эV\VWHPэWRэWKHэE\SDVVэVRXUFHпэ7KHэ6&&эLQFOXGHVэSRUWVэIRUэ FRPPXQLFDWLQJэZLWKэH[WHUQDOэGHYLFHVпэ/LHEHUWэ0XOWLр0RGXOHэ8QLWVэGRэQRWэUHTXLUHэDQэ6&&эIRUэORDGэ VKDULQJпэ$XWRPDWLFсэSDUDOOHOэPRGXOHэORDGэVKDULQJэLVэDэIXQFWLRQэEXLOWэLQWRэWKHэPRGXOHVэWKHPVHOYHVпэ 0RGXOHVэGRэQRWэUHTXLUHэPDVWHUэFORFNVэRUэFRQWUROVэLQэRUGHUэWRэORDGэVKDUHэRUэIUHHрUXQэDWэзнпнэ+]п
6WDWLFý%\SDVVý6ZLWFKãý7KHýVWDWLFýõVROLGðVWDWHôýE\SDVVýVZLWFKýLPPHGLDWHO\ýWUDQVIHUVýWKHýORDGý IURPýWKHýLQYHUWHUýWRýWKHýE\SDVVý$&ýSRZHUýVRXUFHýLQýWKHýHYHQWýRIýDýVHYHUHýRYHUORDGýRQýWKHýV\VWHPýRUý DýIDLOXUHýZLWKLQýWKHý836ïý7KLVýWUDQVIHUýWDNHVýSODFHýZLWKRXWýDQ\ýLQWHUUXSWLRQýRIýWKHýSRZHUýVXSð SOLHGýWRýWKHýORDGïý7KHýV\VWHPýLQFOXGHVýUHGXQGDQWýFLUFXLWVýWRýGHWHFWýDQGýLVRODWHýVKRUWHGý6&5VýLQýWKHý VWDWLFýVZLWFKï
)XVHVýDUHýLQVWDOOHGýLQýVHULHVýZLWKýWKHýVWDWLFýE\SDVVýFLUFXLWýWRýHQVXUHýUHOLDEOHýRYHUORDGýSURWHFWLRQýLQý WKHýXQOLNHO\ýHYHQWýRIýDýFDWDVWURSKLFýRXWSXWýFRQGLWLRQýõHïJïñýDýGURSSHGýZUHQFKôýHOHFWULFDOO\ýFORVHýWRý WKHýRXWSXWýRIý\RXUý836ýV\VWHPïý7KHýVWDWLFýVZLWFKý6&5VýWKHPVHOYHVýDUHýUDWHGýWRýHDVLO\ýKDQGOHýWKHý IXVHðEORZLQJýFXUUHQWï
%\SDVVý&LUFXLWãý7KHýE\SDVVýFLUFXLWýFRQVLVWVýRIýPRWRUðRSHUDWHGýFLUFXLWýEUHDNHUVýDQGýDVVRFLDWHGý V\QFKURQL]LQJýDQGýFRQWUROýFLUFXLWU\ýWRýWUDQVIHUýWKHýORDGýWRîIURPýWKHýE\SDVVýVRXUFHï
7KHRU\эRIэ2SHUDWLRQээээээээээмк
)LJXUHýæ 836ý0RGXOHý%ORFNý'LDJUDPý
836ý0RGXOH
7KHý836ýPRGXOHýFRQVLVWVýRIýPRGXOHýFRQWUROVñýDýUHFWLILHUîFKDUJHUñýDQýLQYHUWHUñýSURWHFWLYHýGHYLFHVñý DQGýRWKHUýDFFHVVRULHVï
0RGXOHý&RQWUROVãý7KHýPRGXOHýFRQWUROýORJLFýPRQLWRUVýSHUIRUPDQFHýRIýWKHý836ýPRGXOHïý7KHý836ý PRGXOHýVWDWXVýLVýGLVSOD\HGýORFDOO\ýDQGýLVýDOVRýVHQWýWRýWKHý6\VWHPý&RQWUROý&DELQHWï
5HFWLILHUî&KDUJHUãý7KHýUHFWLILHUîFKDUJHUýFRQYHUWVýXWLOLW\ýSRZHUýIURPý$&ýWRý'&ýWRýFKDUJHýWKHýEDWð WHU\ýDQGýSURYLGHýWKHý'&ýLQSXWýWRýWKHýLQYHUWHUïý,WVýGHVLJQýOLPLWVýUHIOHFWHGýKDUPRQLFýFXUUHQWýGLVWRUð WLRQýWRýVRXUFHýSRZHUýDQGýSURYLGHVýORZðULSSOHý'&ýSRZHUýIRUýFKDUJLQJýEDWWHULHVïý0XOWLSOHýUHFWLILHUVî FKDUJHUVýFDQýVKDUHýDýFRPPRQýEDWWHU\ýSODQWñýLIýWKDWýFRQILJXUDWLRQýLVýSUHIHUUHGýIRUý\RXUýDSSOLFDWLRQï
,QYHUWHUãý7KHýLQYHUWHUýFRQYHUWVý'&ýSRZHUýLQWRýWKHýSUHFLVHý$&ýSRZHUýUHTXLUHGýWRýVXSSO\ýDýVHQVLð WLYHýFULWLFDOýORDGïý7KHýLQYHUWHUýFRQYHUWVý'&ýSRZHUýLQWRýDýSXOVHðZLGWKðPRGXODWHGýõ3:0ôîVL[ðVWHSý ZDYHIRUPýWKDWýLVýHDVLO\ýILOWHUHGýLQWRýDýFOHDQýVLQHýZDYHýRXWSXWïý7KHý3:0îVWHSZDYHýDOVRýPLQLPL]HVý WKHýKDUPRQLFýYROWDJHýGLVWRUWLRQýFDXVHGýE\ýW\SLFDOýVZLWFKLQJýSRZHUýVXSSOLHVýDQGýRWKHUýQRQðOLQHDUý ORDGýFRPSRQHQWVýXVHGýLQýFRPSXWHUVýDQGýUHODWHGýHOHFWURQLFVï
%DWWHU\ý3ODQW
7KHýEDWWHU\ýLVýXVHGýDVýWKHýDOWHUQDWHýVRXUFHýRIýSRZHUýWRýVXSSO\ý'&ýSRZHUýWRýWKHýLQYHUWHUýLIýWKHý$&ý VXSSO\ýYROWDJHýLVýRXWVLGHýWKHýDFFHSWDEOHýUDQJHïý7KHýEDWWHU\ýVXSSOLHVýSRZHUýWRýWKHýLQYHUWHUýXQWLOý WKHýXWLOLW\ýSRZHUýLVýUHVWRUHGýRUýXQWLOýDQýDOWHUQDWHýSRZHUýVRXUFHýLVýDYDLODEOHïý,Iý$&ýVRXUFHýSRZHUýLVý QRWýUHVWRUHGýRUýDQýDOWHUQDWHýSRZHUýVRXUFHýLVýQRWýDYDLODEOHñýWKHýEDWWHU\ýFDQýEHýVL]HGýWRýSURYLGHý SRZHUýORQJýHQRXJKýIRUýDQýRUGHUO\ýVKXWGRZQýRIýWKHýORDGï
мйээээээээээ7KHRU\эRIэ2SHUDWLRQ
ëïë 'HWDLOHGý&RPSRQHQWý'HVFULSWLRQV
лплпм &RQWUROV
+DUGZDUH
7KHэ6HULHVэзннэ836э2SHUDWRUэ,QWHUIDFHэ'LVSOD\э6\VWHPэLVэGHVLJQHGэWRэSURYLGHэDOOэRIэWKHэLQIRUPDр WLRQэWKDWэLVэUHTXLUHGэIRUэWKHэRSHUDWLRQэRIэHDFKэ836эFDELQHWэхWKHэ6\VWHPэ&RQWUROэ&DELQHWэDQGэHDFKэ PRGXOHфпэ7KHэIROORZLQJэLVэDэOLVWэRIэWKHэKDUGZDUHэIHDWXUHVг
ìï 7KHýFRQWUROýORJLFýSHUIRUPVýDXWRPDWLFýRSHUDWLRQVýZLWKýPLQLPDOýRSHUDWRUýLQWHUIDFHïý7KHýOLPLWHGý
QXPEHUýRIýPDQXDOýFRQWUROVýDUHýHDV\ðWRðXVHï
лп (DFKэ6HULHVэзннэ836эFDELQHWэLVэHTXLSSHGэZLWKэDQэHDV\рWRрUHDGсэEDFNрOLJKWHGэзйнэ[элннэSL[HOэ
OLTXLGýFU\VWDOýGLVSOD\ýõ/&'ôýVFUHHQïý,WýSUHVHQWVýLQIRUPDWLRQýLQýDýZD\ýWKDWýLVýHDV\ýWRý
XQGHUVWDQGýDWýDQýH\HðOHYHOñýIURQWýSDQHOýORFDWLRQï
êï 7KHýGLVSOD\ýLVýFRQWUROOHGýE\ýDýGHGLFDWHGýPLFURSURFHVVRUýZLWKýDýQRQðYRODWLOHýõ(3520ôýSURJUDPý
DQGýDýEDWWHU\ðEDFNHGýHYHQWýPHPRU\ï
йп 7KHэ6HULHVэзннэ6\VWHPэ&RQWUROэ&DELQHWэх6&&фэKDVэFRPPXQLFDWLRQэSRUWVэхWHUPLQDOэERDUGэ
FRQQHFWLRQVôýIRUã
Dï 7UDQVPLVVLRQýRIýSUHVHQWýVWDWXVýLQIRUPDWLRQýWRýUHPRWHýWHUPLQDOVýYLDýDýUHVLGHQWýDXWRðGLDOý
FRPPXQLFDWLRQVýSURJUDPýDQGýDQýH[WHUQDOýPRGHPïý7KLVýSRUWýDOVRýUHVSRQGVýWRýLQTXLULHVýRIý WKHý836ýV\VWHPýVWDWXVýDQGýKLVWRU\ýIURPýWKHýUHPRWHýWHUPLQDOï
Eï 5HSRUWLQJý836ýV\VWHPýVWDWXVýDQGýKLVWRU\ýLQIRUPDWLRQýLQýUHVSRQVHýWRýLQTXLULHVýIURPýDýORFDOý
WHUPLQDOýõQRýPRGHPýUHTXLUHGôï Fï 5HSRUWLQJýWRýDýORFDOýPRQLWRUýWKHýLQIRUPDWLRQýUHTXHVWHGýIURPýWKHýORFDOýWHUPLQDOï Gï 5HSRUWLQJýLQIRUPDWLRQýWRýDý/LHEHUWý6LWH6FDQý&HQWUDOý0RQLWRULQJý6\VWHPï Hï 5HOD\LQJýVHOHFWHGýDODUPýPHVVDJHVýWRýDý/LHEHUWý5HPRWHý0RQLWRUý3DQHOýDQGýWRýDýVHSDUDWHý
WHUPLQDOýERDUGýIRUýFXVWRPHUýXVHï
127(
$OOýH[WHUQDOýFRPPXQLFDWLRQýGHYLFHVýDUHýRSWLRQDOýHTXLSPHQWï
)LUPZDUH
7KHý2SHUDWRUý,QWHUIDFHý'LVSOD\ý6\VWHPýVRIWZDUHýHQDEOHVýWKHýRSHUDWRUýWRýPRQLWRUýWKHý836ýV\VWHPý VWDWXVñýWRýFRQWUROýWKHýSRZHUýIORZýWKURXJKýWKHý836ñýWRýPRQLWRUýDOOýRIýWKHýPHWHUýUHDGLQJVñýWRýH[HFXWHý WKHýVWDUWðXSñýVKXWGRZQñýDQGýWKHýORDGýWUDQVIHUýSURFHGXUHVñýWRýDFFHVVýWKHýHYHQWýKLVWRU\ýILOHVñýDQGýWRý PDNHýDGMXVWPHQWVýWRýWKHýSURJUDPPDEOHýSDUDPHWHUVïý7KHýIROORZLQJýLVýDýOLVWýRIýWKHýILUPZDUHýIHDð WXUHVã
ìï 7KHýPHQXðGULYHQýVRIWZDUHýSURPSWVýWKHýRSHUDWRUýIRUýLQSXWï ëï 6WHSðE\ðVWHSýLQVWUXFWLRQVýDVVLVWýWKHýRSHUDWRUýGXULQJýWKHýVWDUWðXSñýVKXWGRZQñýDQGýWKHýORDGý
WUDQVIHUýSURFHGXUHVïý7KLVýKHOSVýWRýHOLPLQDWHýRSHUDWRUýHUURUVï
êï *UDSKLFVðEDVHGýPLPLFýGLDJUDPVýLOOXVWUDWHýFLUFXLWýEUHDNHUýVWDWXVýDQGýWKHýSRZHUýIORZýWKURXJKý
WKHý836ýV\VWHPï
éï 7KHý3UHVHQWý6WDWXVýVFUHHQýUHSRUWVýLQIRUPDWLRQýDERXWýWKHýV\VWHPªVýSUHVHQWýVWDWXVïý7KHý+LVWRU\ý
6WDWXVýVFUHHQýFKURQLFOHVýWKHýHYHQWVýOHDGLQJýXSýWRýDQGýLPPHGLDWHO\ýDIWHUýDýIDXOWïý7KHý(YHQWý +LVWRU\ýVFUHHQýOLVWVýDOOýRIýWKHýDODUPýPHVVDJHVýWKDWýKDYHýEHHQýORJJHGýRYHUýDýSHULRGýRIýWLPHï
ип 7KHэ%DWWHU\э&\FOHэ0RQLWRUэUHFRUGVэLQIRUPDWLRQэRQэXSэWRэмклэEDWWHU\эGLVFKDUJHэHYHQWVпэ
,QIRUPDWLRQýLQFOXGHVýGDWHñýWLPHñýOHQJWKýRIýGLVFKDUJHñýKLJKHVWýFXUUHQWýGHPDQGñýORZHVWýEDWWHU\ý YROWDJHñýDQGýFXPXODWLYHýEDWWHU\ýDPSýKRXUVýGLVFKDUJHGï
5HIHUýWRýêïí ðý2SHUDWLRQýIRUýDýGHVFULSWLRQýRIýWKHýFRQWUROVýDQGýLQGLFDWRUVýORFDWHGýRQýWKHý2SHUDWRUý &RQWUROý3DQHOï
7KHRU\эRIэ2SHUDWLRQээээээээээми
лплпл 5HFWLILHUî&KDUJHU
7KHэ836эPRGXOHэUHFWLILHUоFKDUJHUэFRQVLVWVэRIэDQэLQSXWэFLUFXLWэEUHDNHUсэLVRODWLRQэWUDQVIRUPHUэ хRSWLRQDOэRQэминэWRэйинэN9$эPRGHOVфсэ$&эFXUUHQWэOLPLWLQJэFLUFXLWсэEDWWHU\эHTXDOL]HэFKDUJHэFLUFXLWсэ '&эILOWHUсэEDWWHU\эFKDUJHэFXUUHQWэOLPLWLQJэFLUFXLWсэDQGэEULGJHэUHFWLILHUVп
2SHUDWLRQ
7KHэUHFWLILHUоFKDUJHUэFRQYHUWVэWKHэ$&эLQSXWэSRZHUэWRэ'&эSRZHUпэ7KLVэFRQYHUVLRQэLVэDFFRPSOLVKHGэ E\экрSKDVHэEULGJHэUHFWLILHUVэXVLQJэ6&5Vпэ$OOэSKDVHVэDUHэLQGLYLGXDOO\эIXVHGпэ2QHэEULGJHэLVэFRQр QHFWHGэWRэHDFKэVHFRQGDU\эZLQGLQJэRIэWKHэLQSXWэLVRODWLRQэWUDQVIRUPHUпэ)RUэиннэWRэмнннэN9$эPRGр XOHVсэLQSXWэFXUUHQWэ7+'эLVэOHVVэWKDQэдшэDWэIXOOэORDGэхZKLFKэPD\эEHэUHGXFHGэWRэOHVVэWKDQэйшэZLWKэ RSWLRQDOэILOWHUфпэ)RUэминэWRэйинэN9$эPRGXOHVсэLQSXWэFXUUHQWэ7+'эLVэOHVVэWKDQэкншэDWэIXOOэORDGэ хZKLFKэPD\эEHэUHGXFHGэWRэжшэZLWKэRSWLRQDOэILOWHUфп
7KHýILOWHUHGýRXWSXWýRIýWKHýUHFWLILHUîFKDUJHUýSURYLGHVýUHJXODWHGý'&ýSRZHUýWRýGULYHýWKHýLQYHUWHUýDQGý FKDUJHýWKHýEDWWHU\ï
,QSXWý&LUFXLWý%UHDNHU
7KHýLQSXWýFLUFXLWýEUHDNHUýõ&%ìôýLVýVL]HGýWRýDOORZýHQRXJKýFXUUHQWýWRýUHFKDUJHýWKHýEDWWHU\ýDQGýVXSð SO\ýDýIXOOýUDWHGýORDGýDWýWKHýVDPHýWLPHïý7KHýFLUFXLWýEUHDNHUýFRQWDLQVýDýWKHUPDOýPDJQHWLFýWULSýPHFKð DQLVPýDQGýDQýXQGHUYROWDJHýUHOHDVHýWKDWýLQWHUUXSWVýSRZHUñýSUHYHQWLQJýGDPDJHýWRýWKHýV\VWHPñýLIý WKHUHýLVýDQýLQWHUQDOý$&ýRYHUðFXUUHQWýFRQGLWLRQýRUýDýVKRUWýFLUFXLWïý7KLVýFLUFXLWýEUHDNHUýPXVWýEHý FORVHGýPDQXDOO\ï
,VRODWLRQý7UDQVIRUPHU
7KHэLQSXWэLVRODWLRQэWUDQVIRUPHUэKDVэDэGU\эW\SHэFRUHсэDQGэFRSSHUэZLQGLQJVэZLWKэFODVVэ+эLQVXODWLRQпэ 7KHэWUDQVIRUPHUэRQэиннэWRэмнннэN9$эPRGXOHVэKDVэDэGHOWDэSULPDU\сэZLWKэGHOWDэDQGэZ\HэVHFRQGDU\э ZLQGLQJVпэ7KHэRSWLRQDOэUHFWLILHUэLQSXWэWUDQVIRUPHUэRQэминэWRэйинэN9$эPRGXOHVэKDVэDэGHOWDэSULр PDU\эDQGэDэVLQJOHэGHOWDэVHFRQGDU\эZLQGLQJпэ7KHэLVRODWLRQэWUDQVIRUPHUэSURYLGHVэWKHэLQLWLDOэVWHSэRIэ FULWLFDOэEXVэLVRODWLRQпэ7KLVэUHGXFHVэWKHэ$&эVKRFNэKD]DUGэDWэWKHэEDWWHU\эDQGэDWэRWKHUэ'&эFRPSRр QHQWVсэDQGэSUHYHQWVэDэ'&эIDXOWэIURPэGLVUXSWLQJэXSVWUHDPэ$&эFLUFXLWU\п
7KHэWUDQVIRUPHUэKDVэDэQRPLQDOэWDSэDQGэRQHэWDSэзшэEHORZэWKHэUDWHGэQRPLQDOэLQSXWэYROWDJHэхQRUр PDOO\эXVHGэIRUэйзнэ9$&эLQSXWфп
,QSXWý&XUUHQWý/LPLW
$&эLQSXWэFXUUHQWэVHQVLQJэWUDQVIRUPHUVэх&7VфэDUHэXVHGэWRэPHDVXUHэFXUUHQWэOHYHOVэRQэWKHэSULPDU\э VLGHэRIэWKHэLVRODWLRQэWUDQVIRUPHUпэ&RQWUROэFLUFXLWU\эFRQQHFWHGэWRэWKHэ&7VэUHVWULFWVэWKHэ$&эFXUUHQWэ WRэOHVVэWKDQэмлишэRIэWKHэIXOOэLQSXWэFXUUHQWэUDWLQJэE\эUHGXFLQJэWKHэEDWWHU\эFKDUJLQJэYROWDJHпэ7KLVэ FXUUHQWэOLPLWэLVэDGMXVWDEOHэIURPэмннэWRэмлишэDQGэLVэIDFWRU\эVHWэDWэммишпэ$эVHFRQGэOHYHOэRIэLQSXWэ FXUUHQWэOLPLWэLVэLQLWLDWHGэE\эDQэH[WHUQDOэFRQWDFWэFORVXUHэхILHOGэVXSSOLHGэIRUэXVHэZLWKэEDFNрXSэJHQHUр DWRUфсэDQGэLVэDGMXVWDEOHэIURPэеиэWRэмнншэхIDFWRU\эVHWэDWэмнншфп
'XULQJэDэVWDUWрXSэSURFHGXUHсэWKHэFXUUHQWэVORZO\эUDPSVэXSэхZDONVрLQфэIURPэлншэRIэWKHэUDWHGэLQSXWэ FXUUHQWэWRэмнншэRYHUэDэмиэWRэлмэVHFRQGэSHULRGпэ7KHэPD[LPXPэUDWHэRIэFKDQJHэRIэWKHэ$&эLQSXWэFXUр UHQWэLVэмишэSHUэVHFRQGпэ7KHэLQSXWэFXUUHQWэZDONрLQэUHGXFHVэWKHэVWDUWрXSэVXUJHэGLVWRUWLRQэHIIHFWVэRQэ DOOэRWKHUэHTXLSPHQWэFRQQHFWHGэWRэWKHэVDPHэVRXUFHэDQGэSURORQJVэWKHэVHUYLFHэOLIHэRIэLQWHUQDOэFRPSRр QHQWVп
,QSXWý&XUUHQWý,QUXVK
)RUэминэWRэйинэN9$эPRGXOHVсэWKHэPD[LPXPэVXEF\FOHэRIэLQUXVKэFXUUHQWэGXHэWRэWKHэRSWLRQDOэLQSXWэ LVRODWLRQэWUDQVIRUPHUэLVэOHVVэWKDQэинншэRIэWKHэUDWHGэLQSXWэFXUUHQWэIRUэWKHэILUVWэмолэF\FOHпэ:LWKRXWэ WKHэRSWLRQDOэWUDQVIRUPHUсэLQUXVKэFXUUHQWэLVэW\SLFDOO\эOHVVэWKDQэлркэWLPHVэQRUPDOпэ)RUэиннэWRэмнннэ N9$эPRGXOHVсэLQUXVKэLVэOHVVэWKDQэенншэRIэQRUPDOэIRUэWKHэILUVWэмолэF\FOHпэ7KHэRSWLRQDOэLQSXWэILOWHUэ OLPLWVэLQUXVKэFXUUHQWэWRэOHVVэWKDQэйиншп
,QSXWý3RZHUý)DFWRU
7KHэUDWHGэLQSXWэSRZHUэIDFWRUэLVэQRэOHVVэWKDQэнпемэODJJLQJэDWэWKHэQRPLQDOэLQSXWэYROWDJHэDQGэWKHэIXOOэ UDWHGэ836эORDGпэ7KHэRSWLRQDOэLQSXWэILOWHUэZLOOэLPSURYHэWKHэSRZHUэIDFWRUэWRэEHWWHUэWKDQэнпдмэODJJLQJэ DWэIXOOэORDGпэ5HIHUэWRэGUDZLQJVэIRUэ\RXUэVSHFLILFэPRGHOп
мзээээээээээ7KHRU\эRIэ2SHUDWLRQ
лплпк %DWWHU\ý&KDUJLQJý&LUFXLW
7KHэ836эFKDUJLQJэFLUFXLWэLVэFDSDEOHэRIэUHFKDUJLQJэWKHэEDWWHU\эSODQWэWRэдишэRIэIXOOэFDSDFLW\эZLWKLQэ мнэWLPHVэWKHэGLVFKDUJHэWLPHпэ5HFKDUJLQJэWKHэODVWэишэWDNHVэORQJHUэEHFDXVHэRIэFKDUDFWHULVWLFVэLQKHUр HQWэLQэWKHэEDWWHU\пэ'&эULSSOHэYROWDJHэDQGэFXUUHQWэDUHэOLPLWHGэWRэOHVVэWKDQэлшэ506эWRэSUHVHUYHэEDWр WHU\эOLIHэGXULQJэORQJрWHUPэIORDWэFKDUJLQJэZKLOHэWKHэ836эV\VWHPэLVэRSHUDWLQJэRQэXWLOLW\эVRXUFHэ SRZHUп
0XOWLSOHý836ýPRGXOHýUHFWLILHUVîFKDUJHUVýFDQýVKDUHýDýFRPPRQýEDWWHU\ýSODQWñýLIýWKDWýFRQILJXUDWLRQý LVýSUHIHUUHGýIRUý\RXUýDSSOLFDWLRQï
2SHUDWLRQý$IWHUý'LVFKDUJH
:KHQýFRPPHUFLDOýSRZHUýLVýLQWHUUXSWHGñýWKHýEDWWHU\ýFRQWLQXHVýWRýVXSSO\ý'&ýSRZHUýWRýWKHýLQYHUWHUý ZLWKRXWýLQWHUUXSWLRQýWRýWKHýFULWLFDOýORDGïý,IýWKHý$&ýVRXUFHýSRZHUýLVýUHVWRUHGýEHIRUHýWKHýEDWWHU\ýKDVý IXOO\ýGLVFKDUJHGñýWKHýUHFWLILHUýDXWRPDWLFDOO\ýUHVWDUWVýDQGýUHVXPHVýFDUU\LQJýWKHýLQYHUWHUýDQGýEDWð WHU\ýUHFKDUJHýORDGýUHTXLUHPHQWVï
2SHUDWLRQý$IWHUý(QGðRIð'LVFKDUJH
7KHýEDWWHU\ýWLPHýVFUHHQýGLVSOD\HGýRQýWKHýFRQWUROýSDQHOýHQDEOHVý\RXýWRýHVWLPDWHýZKHQýEDWWHU\ý VKXWGRZQýZLOOýRFFXUïý<RXýZLOOýKDYHýHQRXJKýWLPHýWRýHQHUJL]HýDQýDOWHUQDWHý$&ýSRZHUýVRXUFHýRUýWRý LQLWLDWHýDQýRUGHUO\ýVKXWGRZQýRIýWKHýFULWLFDOýORDGïý,IýWKHýEDWWHU\ýSODQWýGLVFKDUJHVýWRýWKHýVKXWGRZQý SRLQWýGXULQJýDQýRXWDJHñýWKHý836ýDXWRPDWLFDOO\ýGLVFRQQHFWVýWKHýORDGñýWKHý$&ýLQSXWñýDQGýWKHýEDWð WHU\ïý$IWHUý$&ýLQSXWýSRZHUýLVýUHVWRUHGñýWKHýUHFWLILHUýFDQýEHýPDQXDOO\ýUHVWDUWHGýE\ýWKHýXVHUï
%DWWHU\ý'LVFRQQHFW
7KHýPRGXOHýEDWWHU\ýGLVFRQQHFWýõ0%'ôýFLUFXLWýEUHDNHUýLVýXVHGýWRýLVRODWHýWKHý836ýPRGXOHýIURPýWKHý EDWWHU\ýGXULQJýPDLQWHQDQFHýDQGýWRýDXWRPDWLFDOO\ýGLVFRQQHFWýWKHýEDWWHU\ýIURPýWKHýLQYHUWHUýDWýWKHý HQGýRIýEDWWHU\ýGLVFKDUJHïý7KHý0%'ýFLUFXLWýEUHDNHUýFDQýEHýRSHQHGýRUýWULSSHGýDXWRPDWLFDOO\ñýIURPý WKHýFRQWUROýSDQHOñýRUýPDQXDOO\ïý,WýPXVWýEHýFORVHGýPDQXDOO\ï
%DWWHU\ý&KDUJHý&XUUHQWý/LPLWLQJ
7KHэEDWWHU\эUHFKDUJHэFXUUHQWсэDIWHUэDэEDWWHU\эGLVFKDUJHсэLVэOLPLWHGэWRэEHWZHHQэмэDQGэлишэхDGMXVWр DEOHфэRIэWKHэIXOOэORDGэGLVFKDUJHэFXUUHQWпэ$QэH[WHUQDOэGU\эFRQWDFWэFORVXUHэхILHOGэVXSSOLHGфэDFWLYDWHVэDэ UHGXFHGэVHFRQGэOHYHOэRIэWKHэEDWWHU\эFKDUJHэFXUUHQWэOLPLWLQJэFLUFXLWэIRUэXVHэZLWKэDэEDFNрXSэJHQHUDр WRUпэ7KHVHэWZRэOHYHOVэRIэFRQWUROэUHJXODWHэWKHэDPRXQWэRIэFXUUHQWэWKDWэIORZVэIURPэWKHэSRZHUэVRXUFHэWRэ WKHэEDWWHU\эZKLOHэWKHэEDWWHU\эLVэUHFKDUJLQJп
7KHэEDWWHU\эFKDUJHэFXUUHQWэOLPLWэLVэIDFWRU\эVHWэDWэмншэIRUэQRUPDOэRSHUDWLRQэDQGэDWэмшэIRUэDOWHUQDWHэ SRZHUэVRXUFHэUHFKDUJHэRSHUDWLRQп
%DWWHU\ý(TXDOL]Hý&KDUJHý&LUFXLW
7KHýEDWWHU\ýHTXDOL]HýFKDUJHýIHDWXUHýFDQýEHýPDQXDOO\ýLQLWLDWHGýRUýLWýFDQýEHýSURJUDPPHGýWRýRSHUDWHý DXWRPDWLFDOO\ïý(LWKHUýFDQýEHýVHOHFWHGýIURPýWKHýEDWWHU\ýHTXDOL]HýVFUHHQýGLVSOD\HGýRQýWKHýFRQWUROý SDQHOï
7KHýEDWWHU\ýHTXDOL]LQJýFKDUJHýFLUFXLWýLQFUHDVHVýWKHýUHFWLILHUîFKDUJHUýRXWSXWýYROWDJHýWRýFKDUJHýWKHý EDWWHU\ýDQ\ýWLPHýWKHUHýLVýDýSRZHUýRXWDJHýRIýêíýVHFRQGVýRUýORQJHUïý7KHýHTXDOL]LQJýYROWDJHýLVýVOLJKWO\ý KLJKHUýWKDQýWKHýIORDWýYROWDJHïý7KLVýGHFUHDVHVýWKHýWLPHýUHTXLUHGýWRýUHFKDUJHýWKHýEDWWHU\ï
127(
'RýQRWýXVHýHTXDOL]HýFKDUJLQJýZLWKýVHDOHGðFHOOýEDWWHULHVïý
&RQVXOWýWKHýEDWWHU\ýPDQXIDFWXUHUöVýPDQXDOýIRUýVSHFLILFýLQIRUPDWLRQýDERXWý
HTXDOL]HýFKDUJLQJï
7KHRU\эRIэ2SHUDWLRQээээээээээмж
лплпй ,QYHUWHU
7KHýLQYHUWHUýLVýDýVROLGýVWDWHýGHYLFHýWKDWýFRQYHUWVýWKHý'&ýRXWSXWýRIýWKHýUHFWLILHUîFKDUJHUýRUýWKHýEDWð WHU\ýWRý$&ýSRZHUï
2SHUDWLRQ
7KHýLQYHUWHUýFRQYHUWVý'&ýSRZHU¦IURPýHLWKHUýWKHýEDWWHU\ýRUýWKHýUHFWLILHUîFKDUJHU¦LQWRýWKUHHý SXOVHðZLGWKðPRGXODWHGîVL[ðVWHSýZDYHIRUPVïý7KHVHýZDYHIRUPVýDUHýILOWHUHGýLQWRýORZðGLVWRUWLRQýVLQHý ZDYHýSRZHUïý7KHýLQYHUWHUýLVýFRQWUROOHGýE\ýDQý$SSOLFDWLRQð6SHFLILFý,QWHJUDWHGý&LUFXLWýõ$6,&ôïý7KLVý LQWHJUDWHGýFLUFXLWýFRQWUROVýWKHýSUHFLVHýV\QFKURQL]DWLRQñýDPSOLWXGHñýDQGýIUHTXHQF\ýRIýWKHýRXWSXWý YROWDJHï
,QýDGGLWLRQýWRýWKHýLQYHUWHUýHIILFLHQWO\ýVXSSO\LQJýDýUHJXODWHGý$&ýRXWSXWýIURPýDý'&ýVRXUFHñýWKHýRXWð SXWýLVRODWLRQýWUDQVIRUPHUýDFWVýDVýDýVHFRQGýVWDJHýRIýLVRODWLRQýEHWZHHQýWKHýFULWLFDOýORDGýEXVýDQGýWKHý FRPPHUFLDOýVRXUFHýSRZHUïý7KHýLQYHUWHUýLVýFRQILJXUHGýWRýKDQGOHýPRVWýFULWLFDOýORDGýLQUXVKýVXUJHVïý,Wý PDLQWDLQVýRXWSXWýYROWDJHý7RWDOý+DUPRQLFý'LVWRUWLRQýõ7+'ôýZLWKLQýVSHFLILFDWLRQVýHYHQýZKHQýKDQð GOLQJýQRQðOLQHDUýFRPSXWHUýORDGVïý5HIHUýWRýQRQðOLQHDUýORDGýFKDUDFWHULVWLFVï
2XWSXWý5HJXODWLRQýDQGý2YHUORDGý3HUIRUPDQFH
7KHэLQYHUWHUэLVэFDSDEOHэRIэVXVWDLQLQJэIXOOэRXWSXWэYROWDJHэх‘лшэRIэWKHэQRPLQDOэYROWDJHфэIRUэXSэWRэ миншэRYHUORDGэDWэWKHэRXWSXWэIRUэDVэORQJэDVэкнэVHFRQGVэZLWKRXWэUHGXFLQJэWKHэRXWSXWэYROWDJHпэ,WэFDQэ DOVRэKDQGOHэDWэOHDVWэмлишэRIэWKHэUDWHGэFXUUHQWэIRUэXSэWRэмнэPLQXWHVэDQGэмнйшэRIэWKHэUDWHGэFXUUHQWэ FRQWLQXRXVO\пэ7KHэ6\VWHPэ&RQWUROэ&DELQHWэх6&&фэZLOOэWUDQVIHUэWKHэFULWLFDOэORDGэWRэWKHэE\SDVVэ VRXUFHэLIэWKHэRYHUORDGэH[FHHGVэWKHэV\VWHPэFDSDFLW\эRUэWKHэFDSDFLW\эRIэWKHэPRGXOHVэRQрOLQHпэ7KHэ PXOWLрPRGXOHэRYHUORDGэFDSDFLW\эхLQэWHUPVэRIэSHUFHQWэRIэUDWHGэIXOOэORDGэFXUUHQWэRIэPRGXOHVэRQрOLQHфэ LVэмйншэIRUэлнэVHFRQGVсэмнешэIRUэмнэPLQXWHVсэDQGэмнйшэFRQWLQXRXVO\п
1RWHýWKDWýLQýQRUPDOýRSHUDWLRQýWKHý6&&ýZLOOýWUDQVIHUýWKHýORDGýWRýE\SDVVýEHIRUHýDý836ýPRGXOHý H[FHHGVýLWVýRYHUORDGýFDSDFLW\ïý,IýDýPRGXOHýRYHUORDGýFRQGLWLRQýLVýVXVWDLQHGýõEH\RQGýLQYHUWHUýFDSDFð LW\ôýWKHý836ýPRGXOHýLVýDXWRPDWLFDOO\ýWDNHQýRIIðOLQHýõGLVFRQQHFWHGýIURPýWKHýFULWLFDOýEXVôýDQGýLVý VKXWýGRZQïý,IýWKHý836ýV\VWHPýLVýRSHUDWLQJýLQýWKHýUHGXQGDQWýPRGHñýWKHýORDGýPD\ýUHPDLQýRQýWKHý 836ýV\VWHPïý5HIHUýWRýêïé ðý$XWRPDWLFý2SHUDWLRQVï
1RQð/LQHDUý/RDGý&KDUDFWHULVWLFV
&RPSXWHUVýDQGýFRPSXWHUýHTXLSPHQWýZLWKýVZLWFKLQJýSRZHUýVXSSOLHVýJHQHUDWHýQRQðOLQHDUýFXUUHQWVý ULFKýLQýILIWKýDQGýVHYHQWKýKDUPRQLFVï
7KHэLQYHUWHUэSXOVHрZLGWKрPRGXODWHGоVL[рVWHSэZDYHIRUPсэFRXSOHGэZLWKэWKHэRXWSXWэILOWHUсэSURYLGHVэDэ QDWXUDOэSDWKэIRUэUHGXFLQJэWKHэILIWKэDQGэVHYHQWKэKDUPRQLFэFXUUHQWVэSURGXFHGэE\эWKHэORDGпэ7KHэ LQYHUWHUоILOWHUэOLPLWVэWKHэRXWSXWэYROWDJHэ7+'эWRэOHVVэWKDQэишэZLWKэXSэWRэмнншэW\SLFDOэHOHFWURQLFэ GDWDэSURFHVVLQJэх('3фэORDGVпэ('3эHTXLSPHQWэFKDUDFWHULVWLFDOO\эLQFOXGHVэERWKэQRQрOLQHDUэDQGэOLQр HDUэORDGэFRPSRQHQWVп
8QEDODQFHGý/RDGý&KDUDFWHULVWLFV
8QEDODQFHGэORDGVэDUHэDFWLYHO\эUHJXODWHGпэ7KHэSKDVHрWRрSKDVHэYROWDJHэEDODQFHэLVэPDLQWDLQHGэWRэ ZLWKLQэлшсэHYHQэZLWKэDэиншэORDGэLPEDODQFHп
(DFKýSKDVHðWRðSKDVHýYROWDJHýLVýUHJXODWHGýRQýWKHýSULPDU\ýVLGHýRIýWKHýRXWSXWýLVRODWLRQýWUDQVIRUPHUñý ZKLFKýLQýWXUQýSURYLGHVýLQGLYLGXDOýSKDVHðWRðQHXWUDOýUHJXODWLRQýRQýWKHýVHFRQGDU\ýVLGHýõVHQVLQJýLVý SKDVHðWRðQHXWUDOýRQýWKHýVHFRQGDU\ýVLGHôïý7KHýRXWSXWýLVRODWLRQýWUDQVIRUPHUýKDVýDQýRSHQýGHOWDýSULð PDU\ýDQGýDý]LJ]DJýZ\HýVHFRQGDU\ýFRQILJXUDWLRQïý7KHýUDQJHýRIýFRQWUROýRIýWKHýSKDVHðWRðQHXWUDOýYROWð DJHýLVýZLWKLQý‘ëøï
7KHэWKUHHрSKDVHсэURRWэPHDQэVTXDUHэх506¦DSSUR[LPDWHO\эжншэRIэWKHэSHDNфэDYHUDJHэYROWDJHэLVэ DOVRэUHJXODWHGэWKURXJKэDэVHSDUDWHэFRQWUROэFLUFXLWэхSKDVHрWRрSKDVHэVHQVLQJфп
меээээээээээ7KHRU\эRIэ2SHUDWLRQ
лплпи 6WDWLFý%\SDVV
$ýVWDWLFýE\SDVVýLVýDQýLQWHJUDOýSDUWýRIýWKHý836ý6\VWHPý&RQWUROý&DELQHWýõ6&&ôïý5HIHUýWRý)LJXUH åïý 7KHýVWDWLFýE\SDVVýFRQVLVWVýRIýDýVWDWLFýE\SDVVýVZLWFKýDQGýE\SDVVýSRZHUýVZLWFKLQJýGHYLFHVýõPRWRUý RSHUDWHGýFLUFXLWýEUHDNHUVôïý$QýDXWRPDWLFýWUDQVIHUýFRQWUROýFLUFXLWýVHQVHVýWKHýVWDWXVýRIýWKHýRSHUDWRUý FRQWUROVñý836ýORJLFýVLJQDOVýDQGýDODUPýPHVVDJHVñýDQGýFULWLFDOýEXVýRSHUDWLQJýFRQGLWLRQVïý,IýWKHý836ý PRGXOHVýFDQýQRýORQJHUýVXSSO\ýWKHýFULWLFDOýORDGñýWKHýVWDWLFýE\SDVVýVZLWFKýõLQýFRQMXQFWLRQýZLWKý PRWRUL]HGýFLUFXLWýEUHDNHUVôýDXWRPDWLFDOO\ýWUDQVIHUVýWKHýFULWLFDOýORDGýWRýWKHýE\SDVVýVRXUFHýZLWKRXWý LQWHUUXSWLRQï
)LJXUHýå 6\VWHPý&RQWUROý&DELQHWýõ6&&ôý%ORFNý'LDJUDPý
)XVHý3URWHFWLRQ
7KHýVWDWLFýE\SDVVýVZLWFKýSDWKýXVHVýWZRýEDFNðWRðEDFNý6&5VýSHUýSKDVHïý(DFKýSKDVHýLVýLQGLYLGXDOO\ý SURWHFWHGýE\ýDýIXVHýVL]HGýWRýFOHDUýRQO\ýLQýWKHýHYHQWýRIýDýFDWDVWURSKLFýIDXOWïý7KLVýLVýDýPRUHýUHOLDEOHý PHWKRGýWKDQýGHSHQGLQJýRQýH[WHUQDOýSURWHFWLRQýGHYLFHVïý7KHýIXVHVýDUHýLQýWKHýFLUFXLWýWRýSURWHFWýWKHý FULWLFDOýEXVýGLVWULEXWLRQýHTXLSPHQWýDJDLQVWýFDWDVWURSKLFýIDXOWVïý7KHýVWDWLFýVZLWFKý6&5VýDUHýRYHUð VL]HGýWRýHDVLO\ýKDQGOHýDQ\ýFXUUHQWýVXUJHVýWKDWýPD\ýEORZýWKHýIXVHVï
6KRUWHGý6&5ý0RQLWRULQJ
7KHýVWDWLFýE\SDVVýV\VWHPýKDVýUHGXQGDQWýVKRUWHGý6&5ýVHQVLQJýFLUFXLWVýDQGýGLVFRQQHFWVïý7KLVýZLOOý SUHYHQWý836ýRXWSXWýSRZHUýEDFNIHHGýWRýWKHýGLVWULEXWLRQýV\VWHPýHYHQýLIýWZRýFRPSRQHQWýIDLOXUHVý H[LVWýVLPXOWDQHRXVO\ïý,IýDýVKRUWHGý6&5ýLVýGHWHFWHGñýWKHýVWDWLFýE\SDVVýVZLWFKýLVýLVRODWHGýDQGýDQQXQð FLDWHGýDWýWKHý6&&ýFRQWUROýSDQHOñýDQGýWKHýFULWLFDOýORDGýUHPDLQVýRQý836ýRXWSXWýSRZHUï
7KHRU\эRIэ2SHUDWLRQээээээээээмд
6WDWLFý6ZLWFKý,VRODWLRQ
7KHэPRWRUрRSHUDWHGэV\VWHPэE\SDVVэFLUFXLWэEUHDNHUэх6%%фсэZLUHGэLQэSDUDOOHOэZLWKэWKHэVWDWLFэVZLWFKсэ DXWRPDWLFDOO\эFORVHVэZLWKLQэлннэPLOOLVHFRQGVэDIWHUэWKHэORDGэLVэWUDQVIHUUHGэWRэWKHэE\SDVVэSRZHUэ VRXUFHсэUHPRYLQJэWKHэVWDWLFэVZLWFKэIURPэWKHэSRZHUэIORZп
$OVRñýLIýUHTXLUHGýIRUýPDLQWHQDQFHñýWKHýVWDWLFýVZLWFKýFDQýEHýLVRODWHGýIURPýWKHýE\SDVVýOLQHýE\ýRSHQð LQJýõWRýWKHý2))ýSRVLWLRQôýWKHý6WDWLFý6ZLWFKý'LVFRQQHFWVï
3XOVHGý3DUDOOHOý2SHUDWLRQ
:KHQэDQэRYHUORDGэFRQGLWLRQэVXFKэDVэPDJQHWLFэLQUXVKэFXUUHQWэRUэDэEUDQFKэORDGэFLUFXLWэIDXOWэ H[FHHGVэмиишрменшэRIэWKHэ6&&эFXUUHQWэUDWLQJсэWKHэVWDWLFэE\SDVVэVZLWFKэSXOVHVэRQэIRUэйнэPLOOLVHFр RQGVпэ7KLVэDOORZVэXSэWRэмннншэUDWHGэIXOOэORDGэFXUUHQWэIURPэWKHэE\SDVVэOLQHэWRэFOHDUэWKHэRYHUORDGэ ZLWKRXWэFORVLQJэWKHэE\SDVVэFLUFXLWэEUHDNHUэхDэ/LHEHUWэGHVLJQэH[FOXVLYHфпэ7KHэE\SDVVэVRXUFHэLVэLQэ SDUDOOHOэZLWKэWKHэ836эV\VWHPсэSHUPLWWLQJэWKHэE\SDVVэVRXUFHэWRэFDUU\эWKHэLQLWLDOэRYHUORDGэFXUUHQWпэ ,IэWKHэRYHUORDGэFOHDUVэEHIRUHэйнэPLOOLVHFRQGVсэDэORDGэWUDQVIHUэWRэE\SDVVэLVэQRWэPDGHпэ,IэWKHэRYHUORDGэ FRQGLWLRQэH[FHHGVэWKHэ6&&эFDSDFLW\сэWKHэDXWRPDWLFэWUDQVIHUэLVэPDGHэхPDLQWDLQLQJэWKHэORDGэYROWDJHэ ZLWKLQэWKHэVSHFLILHGэOLPLWVфп
7KLVýSXOVHGýVWDWLFýVZLWFKýRSHUDWLRQýUHGXFHVýQXLVDQFHýRSHUDWLRQýRIýPRWRUðRSHUDWHGýFLUFXLWýEUHDNHUVý IRUýVXFKýVKRUWðWHUPýFRQGLWLRQVï
/RDGý7UDQVIHUV
7UDQVIHUVýWRýõWUDQVIHUôýRUýIURPýõUHWUDQVIHUôýWKHýE\SDVVýPD\ýEHýSHUIRUPHGýDXWRPDWLFDOO\ýRUýPDQXð DOO\ýLQýDýPDNHðEHIRUHðEUHDNýõ0%%ôýVHTXHQFHïý7KLVýLVýDFFRPSOLVKHGýWKURXJKýWKHýRYHUODSSLQJýRSHUð DWLRQýRIýWKHý836ýRXWSXWýDQGýWKHýV\VWHPýE\SDVVýSRZHUýVZLWFKLQJýGHYLFHVï
0DQXDOýORDGýWUDQVIHUVýDQGýUHWUDQVIHUVýDUHýLQLWLDWHGýE\ýWKHýRSHUDWRUýIURPýWKHý6\VWHPý&RQWUROý&DEð LQHWýõ6&&ôï
,QýDýPDQXDOýRSHUDWLRQñýRUýDQýDXWRPDWLFýUHWUDQVIHUñýWKHýWZRýPRWRUL]HGýFLUFXLWýEUHDNHUVýõ836ýRXWð SXWýDQGýV\VWHPýE\SDVV¦6%%ôýDUHýERWKýFORVHGýVLPXOWDQHRXVO\ýIRUýDýVKRUWýSHULRGýRIýWLPHýõRYHUODSôï
$XWRPDWLFýWUDQVIHUVýDUHýLQLWLDWHGýE\ýWKHý6&&ýV\VWHPýFRQWUROýORJLFýZKHQýDQýRYHUORDGýLVýEH\RQGýWKHý VSHFLILHGýFDSDELOLWLHVýRIýWKHý836ýV\VWHPýRUýZKHQýDýIDXOWýRFFXUVýZLWKLQýDýQRQðUHGXQGDQWý836ýPRGð XOHïý$QýDXWRPDWLFýUHWUDQVIHUýLVýLQLWLDWHGýLIýWKLVýIXQFWLRQýLVýHQDEOHGýDQGýLIýV\VWHPýFRQGLWLRQVýIRUýDý UHWUDQVIHUýDUHýSUHVHQWï
,QýDQýDXWRPDWLFýWUDQVIHUñýWKHýFLUFXLWýEUHDNHUVýGRýQRWýRYHUODSñýEXWýGXULQJýWKHýVKRUWýWLPHýJDSý E\SDVVýSRZHUýLVýVXSSOLHGýWRýWKHýFULWLFDOýORDGýWKURXJKýWKHýVROLGýVWDWHýVWDWLFýVZLWFKï
лнээээээээээ7KHRU\эRIэ2SHUDWLRQ
7UDQVIHUýDQGý5HWUDQVIHUý&RQGLWLRQV
ìï $XWRPDWLFý7UDQVIHUVýWRý%\SDVV
&ULWLFDOýEXVýFRQGLWLRQVýWKDWýZLOOýLQLWLDWHýDQýDXWRPDWLFýWUDQVIHUýRIýWKHýFULWLFDOýORDGýIURPýWKHý 836ýV\VWHPýWRýWKHýE\SDVVýVRXUFHýDUHãý
Dï 6\VWHPý2YHUORDGãýRYHUFXUUHQWýFRQGLWLRQýLQýH[FHVVýRIýWKHýUDWHGýIXOOýORDGýFXUUHQWýRIýWKHý
6\VWHPý&RQWUROý&DELQHWýõ6&&ôï Eï 2XWSXWý2YHUORDGãýRYHUFXUUHQWýFRQGLWLRQýLQýH[FHVVýRIýWKHýFXUUHQWýYHUVXVýWLPHýRYHUORDGý
FDSDFLW\ýFXUYHýõEDVHGýRQýWRWDOýUDWHGýIXOOýORDGýFXUUHQWýRIýWKHýPRGXOHVý21ý/,1(ôï Fï 2YHUî8QGHUý9ROWDJHýõ29î89ôãýFULWLFDOýEXVýYROWDJHýLVýRXWVLGHýWKHýDOORZDEOHýWROHUDQFHï Gï 836ý0RGXOHýõQRQðUHGXQGDQWôý,QRSHUDWLYHãýDQýHVVHQWLDOý836ýPRGXOHýLVýWDNHQý2))ý/,1(ý
IRUýRQHýRIýWKHýUHDVRQVýEHORZï
ìï %DWWHU\ýGLVFKDUJHGýWRýWKHýVKXWGRZQýYROWDJHï
ëï ,QYHUWHUýRYHUORDGýFDSDFLW\ýH[FHHGHGï
êï ,QYHUWHUýRUýUHFWLILHUýIDXOWýFRQGLWLRQýõSRZHUñýORJLFñýRUýRYHUðWHPSHUDWXUHôýSUHVHQWýRUý
LPPLQHQWï
éï )DLOXUHýRIý836ýPRGXOHýORJLFýRUýORJLFýSRZHUï Hï 6\VWHPý&RQWUROý/RJLFýõ6&&ôãý
ìï (PHUJHQF\ý0RGXOHý2IIýõ(02ôýFLUFXLWýDFWLYDWHGï
ëï )DLOXUHýRIý836ýV\VWHPýORJLFýRUýORJLFýSRZHUï
ëï 0DQXDOý7UDQVIHUV
0DQXDOýWUDQVIHUVýPD\ýEHýLQLWLDWHGýDWýDQ\ýWLPHýSURYLGHGýQRýWUDQVIHUýLQKLELWLRQýFRQGLWLRQVýDUHý SUHVHQWï
êï 7UDQVIHUý,QKLELWHG
$ýPDQXDOýWUDQVIHUýWRýWKHýE\SDVVýVRXUFHýVKDOOýEHýLQKLELWHGýLIýDQ\ýRIýWKHýIROORZLQJýFRQGLWLRQVý H[LVWã
Dï %\SDVVýIUHTXHQF\ýGHYLDWHVý‘íïèý+]ýIURPýWKHýQRPLQDOï Eï 836ýV\VWHPýWRýE\SDVVýYROWDJHýGLIIHUHQFHýõ 9ôýH[FHHGVýDýSUHGHWHUPLQHGýSHUFHQWDJHý
хQRUPDOO\эишфп Fп 6WDWLFýVZLWFKýGLVFRQQHFWVýõPDQXDOýVZLWFKHVôýRSHQï Gï 2.ýWRý7UDQVIHUýVLJQDOýIURPýWKHýFRQWUROýORJLFýLVýQRWýSUHVHQWï
127(
$ýORDGýWUDQVIHUýWRýWKHýE\SDVVýOLQHýZLOOýEHýFRPSOHWHGýZKHQHYHUýDQýDXWRPDWLFý
WUDQVIHUýWRýE\SDVVýLVýLQLWLDWHGý,IýWKHý6WDWLFý6ZLWFKý8QDEOHýDODUPýPHVVDJHýLVý
SUHVHQWýIRUýDQ\ýUHDVRQýõLQFOXGLQJýDý‘ëíƒýSKDVHýORFNýV\QFKURQL]DWLRQýHUURUôñý
WKHэDXWRPDWLFэWUDQVIHUэZLOOэEHэLQWHUUXSWHGэIRUэйнэWRэмлнэPLOOLVHFRQGVпэ
%HFDXVHýRIýWKHýUHOLDELOLW\ýRIýWKHý836ýFRPSRQHQWVñýDQýLQWHUUXSWHGýORDGý
WUDQVIHUýLVýDýYHU\ýXQOLNHO\ýRFFXUUHQFHï
éï $XWRPDWLFý5HWUDQVIHUVýWRý836
&ULWLFDOýEXVýFRQGLWLRQVýWKDWýPXVWýEHýSUHVHQWýWRýLQLWLDWHýDQýDXWRPDWLFýUHWUDQVIHUýõ$XWRð5H[IHUôý RIýWKHýFULWLFDOýORDGýIURPýWKHýE\SDVVýVRXUFHýWRýWKHý836ýV\VWHPýDUHã
Dп 7KHэQXPEHUэRIэ$XWRр5H[IHUэ$WWHPSWVэVHOHFWHGэPXVWэEHэJUHDWHUэWKDQэ]HURэхнфпэ,Iэ]HURэхнфэLVэ
VHOHFWHGñýQRýDXWRPDWLFýUHWUDQVIHUýZLOOýRFFXUï Eï &ULWLFDOýORDGýZDVýLQLWLDOO\ýWUDQVIHUUHGýWRýWKHýE\SDVVýVRXUFHýGXHýWRýDýV\VWHPýRYHUORDGýRQO\ï Fï 2YHUORDGэKDVэVLQFHэGURSSHGэEHORZэмнншэRIэWKHэUDWHGэ6&&эFXUUHQWп Gп (QRXJKэ836эPRGXOHVэDUHэ21ý/,1(ýWRýVXSSO\ýWKHýFXUUHQWýORDGï Hï 2.ýWRý7UDQVIHUýVLJQDOýUHFHLYHGýIURPýWKHýFRQWUROýORJLFýIRUýDWýOHDVWýìíýVHFRQGVñýZLWKLQýèý
PLQXWHVýRIýWKHýRYHUORDGýWUDQVIHUïýõ$ýPDQXDOO\ýLQLWLDWHGýUHWUDQVIHUýIURPýE\SDVVýLVýUHTXLUHGý
IRUýRYHUORDGVýODVWLQJýèýPLQXWHVýRUýPRUHïô Iï &\FOLFðW\SHýV\VWHPýRYHUORDGVñýZKLFKýRFFXUýXSýWRýILYHýõVHOHFWýUDQJHýLVýíýWRýèôýWLPHVýLQýçíý
PLQXWHVñýDUHýDXWRPDWLFDOO\ýUHWXUQHGýWRýWKHý836ýV\VWHPýIRUýHDFKýHYHQWýLQFOXGLQJýWKHý1WKý
RYHUORDGïý$ýPDQXDOO\ýLQLWLDWHGýUHWUDQVIHUýIURPýE\SDVVýLVýUHTXLUHGýIRUýWKHý1òìýRYHUORDGï
7KHRU\эRIэ2SHUDWLRQээээээээээлм
èï 0DQXDOý5HWUDQVIHUV
0DQXDOýUHWUDQVIHUVýPD\ýEHýLQLWLDWHGýDWýDQ\ýWLPHýSURYLGHGýQRýUHWUDQVIHUýLQKLELWLRQýFRQGLWLRQVý DUHýSUHVHQWï
çï 5HWUDQVIHUý,QKLELWHG
$ýUHWUDQVIHUýõDXWRPDWLFýRUýPDQXDOôýIURPýWKHýE\SDVVýVRXUFHýWRýWKHý836ýV\VWHPýVKDOOýEHýLQKLEð LWHGýLIýDQ\ýRIýWKHýIROORZLQJýFRQGLWLRQVýH[LVWã
Dï 0DQXDOýõDQGý$XWRPDWLFôý5HWUDQVIHUý,QKLELWLRQVã
ìï %\SDVVýIUHTXHQF\ýH[FHHGVý‘íïèý+]ýRIýWKHýQRPLQDOï ëï 836ýV\VWHPðWRðE\SDVVýYROWDJHýGLIIHUHQFHýõ 9ôýH[FHHGVýDýSUHGHWHUPLQHGýSHUFHQWDJHý
хQRUPDOO\эишфп кп 6\VWHPэFLUFXLWэEUHDNHUэх836эRXWSXWэRUэ6%%фэLVэLQRSHUDWLYHп йп 2.эWRэ7UDQVIHUэVLJQDOэIURPэWKHэFRQWUROэORJLFэLVэQRWэSUHVHQWп ип 1RWэHQRXJKэ836эPRGXOHVэDUHэ21ý/,1(ýWRýVXSSO\ýWKHýFRQQHFWHGýFULWLFDOýORDGï
Eï $XWRPDWLFý5HWUDQVIHUý,QKLELWLRQVýõLQýDGGLWLRQýWRýWKRVHýDERYHôã
ìï 7KHýORDGýWUDQVIHUýWRýE\SDVVýZDVýQRWýFDXVHGýE\ýDýV\VWHPýRYHUORDGï ëï ([FHVVLYHýF\FOLFDOýRYHUORDGVýZLWKLQýDýRQHðKRXUýSHULRGï êï 5HWUDQVIHUýFRQGLWLRQVýDUHýQRWýVDWLVILHGýZLWKLQýèýPLQXWHVýRIýWKHýLQLWLDOýWUDQVIHUï
лплпз 5HGXQGDQWý0RGH
$ýPXOWLðPRGXOHý836ýV\VWHPýFDQýEHýVXSSOLHGýZLWKýDýEDFNðXSýõUHGXQGDQWôý836ýPRGXOHñýZKLFKýLVý WKHýW\SLFDOýFRQILJXUDWLRQïý$ýUHGXQGDQWýV\VWHPýLQFOXGHVýRQHýPRUHýPRGXOHýWKDQýWKHýQXPEHUý UHTXLUHGýWRýVXSSO\ýWKHýFULWLFDOýORDGïý$ýUHGXQGDQWýV\VWHPýRSHUDWHVýLQýWKHýUHGXQGDQWýPRGHýLIýDOOý PRGXOHVýDUHý21ý/,1(ïý1RWHýWKDWýWKHý836ýV\VWHPýFDQýDOVRýRSHUDWHýLQýWKHýUHGXQGDQWýPRGHýZLWKý RQHýRUýPRUHýPRGXOHVý2))ý/,1(ýLIýWKHýFULWLFDOýORDGýLVýUHGXFHGýVRýWKDWýQRWýDOOý21ý/,1(ýPRGXOHVý DUHýUHTXLUHGïý7KHý836ýPRGXOHVýVKDUHýWKHýORDGñýDQGýWKHýFULWLFDOýORDGýZLOOýUHPDLQýRQýWKHý836ýV\Vð WHPýLIýRQHýRUýPRUHýRIýWKHýPRGXOHVýDUHýGLVFRQQHFWHGýõJRHVý2))ý/,1(ôýIRUýPDLQWHQDQFHýRUýEHFDXVHý RIýDQýLQWHUQDOýIDXOWñýDQGýWKHýUHPDLQLQJý21ý/,1(ýPRGXOHVýFDQýFDUU\ýWKHýIXOOýFRQQHFWHGýV\VWHPý ORDGï
7KHýV\VWHPýFRQWUROýORJLFýPRQLWRUVýWKHýFRQQHFWHGýFULWLFDOýORDGýDQGýWKHýQXPEHUýRIý836ýPRGXOHVý21ý /,1(ýLIýWKHý836ýV\VWHPýLVýRSHUDWLQJýLQýWKHýUHGXQGDQWýPRGHñýWKHý5('81'$17ýVWDWXVýPHVVDJHý ZLOOýEHýGLVSOD\HGýDWýWKHý6\VWHPý&RQWUROý&DELQHWýõ6&&ôïý,IýWKHý836ýV\VWHPýLVýRSHUDWLQJýLQýWKHýQRQð UHGXQGDQWýPRGHýõUHGXQGDQWýPRGXOH>V@ýLVý2))ý/,1(ýRUýZDVýQRWýLQFOXGHGýLQýWKHýV\VWHPýFRQILJXUDð WLRQôñýWKHý1215('81'$17ýVWDWXVýPHVVDJHýLVýGLVSOD\HGýDWýWKHý6&&ïý,QýWKHý1RQð5HGXQGDQWý PRGHñýWKHýFULWLFDOýORDGýZLOOýEHýWUDQVIHUUHGýWRýE\SDVVýLIýDQ\ý836ýPRGXOHõVôýJRHVý2))ý/,1(ñýDQGý WKHýUHPDLQLQJý21ð/,1(ýPRGXOHõVôýFDQQRWýFDUU\ýWKHýFRQQHFWHGýORDGýZLWKRXWýEHLQJýRYHUORDGHGï
7KHýV\VWHPýFRQWUROýORJLFñýORFDWHGýLQýWKHý6&&ñýDXWRPDWLFDOO\ýDGMXVWVýWKHýRYHUORDGHGýOLPLWVýEDVHGýRQý WKHýFRQQHFWHGýORDGýDQGýWKHýQXPEHUýRIýPRGXOHVý21ý/,1(ïý
ллээээээээээ7KHRU\эRIэ2SHUDWLRQ
êïí 2
3(5$7,21
êïì 'LVSOD\ý6FUHHQýDQGý2SHUDWRUý&RQWUROV
(DFKэ/LHEHUWэ6HULHVэзннэ836эFDELQHWэLVэHTXLSSHGэZLWKэDэPLFURSURFHVVRUрEDVHGэ2SHUDWRUэ&RQWUROэ 3DQHOэDQGэ'LVSOD\э6FUHHQэDQGэ6\VWHPэ&RQWUROэ3DQHOэGHVLJQHGэIRUэFRQYHQLHQWэDQGэUHOLDEOHэRSHUDр WLRQпэ7KHэ6\VWHPэ&RQWUROэ&DELQHWэх6&&фэSHUIRUPVэGLIIHUHQWэIXQFWLRQVэWKDQэWKHэ836эPRGXOHVпэ (DFKэFDELQHWэKDVэWKHэFRQWUROVэDQGэGLVSOD\VэUHTXLUHGэWRэRSHUDWHэDQGэPRQLWRUэLWVэIXQFWLRQVпэ7KHэ ORFDWLRQVэRIэRSHUDWRUэFRQWUROVэDUHэVKRZQэLQэ)LJXUH äýWKURXJKý)LJXUH ìêï
7KHýIURQWýORFDWLRQýRIýWKHýFRQWUROýSDQHOýHQDEOHVýWKHýXVHUýWRýTXLFNO\ýLGHQWLI\ýWKHýFXUUHQWýVWDWXVýRIý WKHý836ýV\VWHPýDQGýWRýSHUIRUPýPRVWýRIýWKHýPDQXDOýRSHUDWLRQVïý7KHýRSHUDWRUýGLVSOD\ýVFUHHQýLVý GULYHQýE\ýDQýHDV\ðWRðIROORZýPHQXðSURPSWHGýVRIWZDUHýSURJUDPïý
)HDWXUHV
7KHэ6HULHVэзннэLQWHUIDFHэGLVSOD\эV\VWHPэHQDEOHVэWKHэRSHUDWRUэWRэHDVLO\эSHUIRUPэWKHэIROORZLQJгэ
‡ 2EWDLQýDýTXLFNýLQGLFDWLRQýRIýRSHUDWLRQDOýVWDWXVãý
‡ ,VýWKHýFULWLFDOýEXVý2."ý ‡ ,VýWKHý836ýV\VWHPý2."ý ‡ :KLFKý836ýPRGXOHVýDUHýDYDLODEOH" ‡ ,VýWKHýEDWWHU\ýDYDLODEOH"ý ‡ ,VýWKHýE\SDVVýOLQHýDYDLODEOH"
‡ 0RQLWRUýWKHýSRZHUýIORZýWKURXJKýWKHý836ýV\VWHPýDQGýPRQLWRUýDOOýPHWHUýUHDGLQJVã
‡ ,VýWKHýFULWLFDOýORDGýEHLQJýVXSSOLHGýSRZHUýIURPýWKHý836ýV\VWHPýRUýE\SDVV"ý ‡ $UHýLQSXWñýEDWWHU\ñýDQGýRXWSXWýYROWDJHñýIUHTXHQF\ñýDQGýFXUUHQWýUHDGLQJVýDWýQRPLQDOýOHYHOV"ý ‡ +RZýPXFKýEDWWHU\ýWLPHýLVýVWLOOýDYDLODEOHýGXULQJýDQýRXWDJH"ý ‡ ,VýWKHýEDWWHU\ýUHFKDUJLQJýDIWHUýGLVFKDUJH"ý
‡ ([HFXWHýRSHUDWLRQDOýSURFHGXUHVãý
‡ 3HUIRUPýFULWLFDOýEXVýWUDQVIHUîUHWUDQVIHUýEHWZHHQýWKHý836ýV\VWHPýDQGýWKHýE\SDVVýOLQHïý ‡ 6WDUWðXSýDQGýVKXWýGRZQýWKHý836ýV\VWHPýDQGýHDFKýPRGXOHïý ‡ 6KXWýGRZQýWKHýV\VWHPýDQGýDOOýPRGXOHVýLQVWDQWO\ýLQýWKHýHYHQWýRIýDQýHPHUJHQF\ïý
‡ $FFHVVýVWDWXVýUHSRUWVýDQGýKLVWRU\ýILOHVãý
‡ 2EWDLQýDýFRPSOHWHýOLVWLQJýRIýWKHýSUHVHQWýVWDWXVýRIýWKHý836ýV\VWHPýDQGýDOOýPRGXOHVýõLQSXWñý
RXWSXWñýDQGýEDWWHU\ýYROWDJHñýIUHTXHQF\ñýDQGýFXUUHQWýUHDGLQJVñýDQGýDQ\ýDODUPVýWKDWýPD\ýEHý
SUHVHQWôïý
‡ 5HYLHZýDýFRPSOHWHýKLVWRU\ýUHSRUWýRIýDOOýHYHQWVýOHDGLQJýXSýWRýDQGýLPPHGLDWHO\ýDIWHUýDýIDXOWý
FRQGLWLRQïý
‡ ([DPLQHýDQýDUFKLYHýOLVWLQJýRIýDOOýDODUPýFRQGLWLRQVýWKDWýKDYHýRFFXUUHGýRYHUýDýSHULRGýRIý
WLPHïý
‡ 0DNHýDGMXVWPHQWVýWRýSURJUDPPDEOHýSDUDPHWHUVýõDFFHVVýOLPLWHGýE\ý6HFXULW\ý$FFHVVýIXQFWLRQôãý
‡ 6HWýWKHýGDWHýDQGýWKHýWLPHýIXQFWLRQVïý ‡ &KDQJHýWKHýDXWRðGLDOýSKRQHýQXPEHUýDQGýWKHýPRGHPýRSWLRQVïý ‡ 6HOHFWýWKHýQXPEHUýRIýDXWRðUHWUDQVIHUýDWWHPSWVïý
‡ 0DNHýDGMXVWPHQWýWRýWKHý836ýRXWSXWýYROWDJHýEHIRUHýSHUIRUPLQJýDýPDQXDOýORDGýWUDQVIHUï
2SHUDWLRQээээээээээлк
)LJXUHýä 2SHUDWRUэ&RQWUROVсэминэWRэллиэN9$эхOHIWфэDQGэкннэWRэйинэN9$эхULJKWф
,WHP 'HVFULSWLRQ )XQFWLRQ
ì ,QSXWý&LUFXLWý%UHDNHUý
õ&%ìô
ë &RQWUROý3RZHUý6ZLWFKý
õEHKLQGýGRRUô
ê 2SHUDWRUý&RQWUROý3DQHO 5HIHUýWRý
éý ,QWHUORFNý%XWWRQý
õRQýUHDUýRIý&RQWUROý3DQHOô
è 0RGXOHý2XWSXWý&LUFXLWý
%UHDNHUýõ&%ëô
7KLVýPDQXDOO\ýRSHUDWHGýFLUFXLWýEUHDNHUýSURYLGHVýSRZHUýWRýWKHý836ýPRGXOHýUHFWLILHUï
7KLVýPDQXDOO\ýRSHUDWHGýVZLWFKýSURYLGHVýSRZHUýWRýWKHýFRQWUROVïý,WýLVýQRUPDOO\ý21ïý 7XUQýLWý2))ýRQO\ýIRUýPDLQWHQDQFHýSURFHGXUHVï
&HUWDLQýV\VWHPýVHWWLQJýFDQýEHýFKDQJHGýRQO\ýDIWHUýSUHVVLQJýWKLVýEXWWRQï
7KLVýPDQXDOO\ýRSHUDWHGýFLUFXLWýEUHDNHUýFRQQHFWVýWKHý836ýPRGXOHýLQYHUWHUýRXWSXWýWRý WKHý836ý6\VWHPý&RQWUROý&DELQHWï
)LJXUH ìë
ýIRUýFRQWUROVýDYDLODEOHýRQýWKLVýSDQHOï
лйээээээээээ2SHUDWLRQ
Loading...
+ 99 hidden pages