)XOOWLQWHJUHUDGGLJLWDOPDUNNDEHOVDWHOOLW79'9%
)UDQVDWLQVWDOODWLRQVDOWHUQDWLY
+'0,LQJnQJDUI|UDWWDQVOXWDDQGUDHQKHWHUPHG
+'0,XWWDJ
86%LQJnQJ
26'PHQ\V\VWHP
6FDUWNRQWDNWHQ I|U H[WHUQD HQKHWHU VnVRP
'9'VSHODUH395YLGHRVSHOPP
6WHUHROMXGV\VWHP
$QVOXWQLQJIRUK|UOXUDU
$XWRPDWLVNWSURJUDPPHULQJVV\VWHP$36
0DQXHOOLQVWlOOQLQJ
$XWRPDWLVNWVWU|PEHVSDULQJHIWHUnWWDWLPPDU
%DUQVSlUU&KLOGORFN
$XWRPDWLVNOMXGDYVWlQJQLQJYLGLQJHQVlQGQLQJ
$9/DXWRPDWLVN,MXGQLYnDQSDVVQLQJ
3//NDQDOV|NQLQJ
6SHOOlJH*DPH0RGHWLOOYDO
)XQNWLRQHQELOGDY
,QVSHOQLQJDYSURJUDP
7LPHVKLIWLQJDYSURJUDP
(WKHUQHW/$1I|UDQVOXWQLQJVEDUKHWWLOO,QWHUQHWRFK
Q:L¿VW|GYLD86%GRQJOH
7LOOYHUNDG XQGHU OLFHQV IUnQ 'ROE\ /DERUDWRULHV
³'ROE\´RFKGHQGXEEOD'V\PEROHQlUYDUXPlUNHQ
VRPWLOOK|U'ROE\/DERUDWRULHV
ORJRQ RFK +LJK'HILQLWLRQ 0XOWLPHGLDJUlQVVQLWWHW
lU UHJLVWUHUDGH YDUXPlUNHQ WLOOK|UDQGH +'0,
/LFHQVLHULQJ$GPLQLVWUDWRU ,QF L 86$ RFK DQGUD
<RXWXEH RFK <RXWXEHV ORJRW\S lU YDUXPlUNHQ
WLOOK|UDQGH*RRJOH,QF
)|U '76SDWHQWHU VH KWWSSDWHQWVGWVFRP
7LOOYHUNDGHXQGHUOLFHQVLIUnQ'76/LFHQVLQJ/LPLWHG
'76V\PEROHQ'76RFKV\PEROHQWLOOVDPPDQV
lUUHJLVWUHUDGHYDUXPlUNHQVDPW'767UX6XUURXQG
lU HWW YDUXPlUNH LIUnQ '76 ,QF
'76 ,QF$OOD
UlWWLJKHWHUUHVHUYHUDGH
)|U '76SDWHQWHU VH KWWSSDWHQWVGWVFRP
7LOOYHUNDGHXQGHUOLFHQVLIUnQ'76/LFHQVLQJ/LPLWHG
'76'76+'6\PEROHQ'76HOOHU'76+'RFK
6\PEROHQ WLOOVDPPDQV lU UHJLVWUHUDGH YDUXPlUNHQ
VRP lJV DY '76 ,QF '76 ,QF$OOD UlWWLJKHWHU
UHVHUYHUDGH
)|U '76SDWHQWHU VH KWWSSDWHQWVGWVFRP
7LOOYHUNDGHXQGHUOLFHQVLIUnQ'76/LFHQVLQJ/LPLWHG
'76V\PEROHQ'76RFKV\PEROHQWLOOVDPPDQV
lU UHJLVWUHUDGH YDUXPlUNHQ VDPW '76 'LJLWDO
2XWlUHWWYDUXPlUNHLIUnQ'76,QF'76,QF$OOD
UlWWLJKHWHUUHVHUYHUDGH
'HQQD SURGXNW LQQHKnOOHU WHNQRORJL PHG I|UEHKnOO
I|U YLVVD DY 0LFURVRIWV LPPDWHULHOOD UlWWLJKHWHU
$QYlQGQLQJ HOOHU GLVWULEXWLRQ DY GHQQD WHNQRORJL
I|UXWRP GHQQD SURGXNW lU I|UEMXGHQ XWDQ EHK|ULJD
,QQHKnOOVlJDUHDQYlQGHULQQHKnOOVnWNRPVWVWHNQRORJL
IUnQ 0LFURVRIW 3OD\5HDG\ I|U DWW VN\GGD VLQ
LPPDWHULHOODHJHQGRPLQNOXVLYHXSSKRYVUlWWVVN\GGDW
LQQHKnOO'HQQDHQKHWDQYlQGHU3OD\5HDG\WHNQLNI|U
DWWNRPPDnW3OD\5HDG\VN\GGDWLQQHKnOORFKHOOHU
:0'50VN\GGDWLQQHKnOO2PHQKHWHQLQWHNRUUHNW
WLOOlPSDUEHJUlQVQLQJDU I|U DQYlQGQLQJ DYLQQHKnOO
NDQ LQQHKnOOVlJDUQD NUlYD DWW 0LFURVRIW nWHUNDOODU
HQKHWHQV I|UPnJD DWW DQYlQGD 3OD\5HDG\VN\GGDW
LQQHKnOO cWHUNDOOHOVH E|U LQWH SnYHUND RVN\GGDW
LQQHKnOO HOOHU LQQHKnOO VRP VN\GGDV DY DQGUD
LQQHKnOOVnWNRPVWVWHNQRORJLHU ,QQHKnOOVlJDUH NDQ
NUlYDDWWGXXSSJUDGHUDU3OD\5HDG\I|UDWWNRPPDnW
GHUDVLQQHKnOO2PGXQHNDUHQXSSJUDGHULQJNRPPHU
GXLQWH DWW NXQQDInWLOOJnQJWLOOLQQHKnOO VRPNUlYHU
XSSJUDGHULQJHQ
6SHFL¿NDWLRQHU
3$/%*,'.,,¶
6(&$0%*'.
9+)%$1',,,,8+)
%$1'8+<3(5%$1'
XWDQVDWHOOLW
PHGVDWHOOLW
2KPREDODQVHUDW
7\VND1LFDP
6HWLOOHWLNHWWSnEDNVLGDQ
IXNWLJKHWPD[
7UnGO|VD/$1VlQGDUVSHFL¿NDWLRQHU
'HQQD HQKHW lU DYVHGG I|U KHP RFK NRQWRU L DOOD
(8OlQGHU RFK DQGUD OlQGHU HIWHU GHW UHOHYDQWD
(8GLUHNWLYHW XWDQ EHJUlQVQLQJ PHG XQGDQWDJ I|U
GHOlQGHUVRPQlPQVQHGDQ
%XOJDULHQ
$OOPlQ DXNWRULVHULQJ NUlYV I|U XWRPKXV
)UDQNULNH
,QRPKXVDQYlQGQLQJ HQGDVW I|U
,WDOLHQ
2PGHWDQYlQGVXWDQI|UHJQDORNDOHUNUlYV
RIIHQWOLJDWLOOVWnQG
*UHNODQG
,QRPKXVDQYlQGQLQJHQGDVWI|U0+]
WR0+]EDQG
$OOPlQ DXNWRULVHULQJ NUlYV I|U QlWYHUNV
5DGLRVlQGQLQJlUI|UEMXGHQI|U GHWJHR
JUD¿VND RPUnGHW LQRP UDGLHQ DY NP
IUnQFHQWUXPDY1\cOHVXQG
5\VVODQG (QGDVWLQRPKXV
.UDYHQ I|U OlQGHU NDQ lQGUDV QlU VRP KHOVW 'HW
UHNRPPHQGHUDV DWW DQYlQGDUHQ NROODU PHG ORNDOD
P\QGLJKHWHUI|UDNWXHOOVWDWXVI|UVLQDQDWLRQHOODEH
VWlPPHOVHUI|UEnGH*+]RFK*+]WUnGO|VW/$1
)|USDFNQLQJVPDWHULDOHW lU nWHUYLQQLQJVEDUW RFK
E|U L SULQFLS nWHUYLQQDV )|USDFNQLQJVPDWHULDO
VRP SODVWSnVDU PnVWH I|UYDUDV RnWNRPOLJW I|U
EDUQ %DWWHULHU lYHQ VnGDQD VRP LQWH LQQHKnOOHU
WXQJPHWDOOHU VND LQWH NDVWDV WLOOVDPPDQV PHG
KXVKnOOVDYIDOO9DUJRGNDVWDI|UEUXNDGHEDWWHULHUSn
HWWPLOM|YlQOLJWVlWW8QGHUV|NYLONDEHVWlPPHOVHUVRP
)|UV|NLQWHODGGDXSSEDWWHULHUQD)DUD
I|U H[SORVLRQ (UVlWW HQGDVW EDWWHULHUQD
PHGVDPPDHOOHUPRWVYDUDQGHW\S
2YDQVWnHQGHPlUNHlUL|YHUHQVVWlPPHOVH
PHG GLUHNWLYHW DQJnHQGH HOHNWULVNW RFK
HOHNWURQLVNW DYIDOO
0lUNHWLQGLNHUDUDWWXWUXVWQLQJHQLQNOXVLYH
DQYlQGD EDWWHULHU ,17( InU NDVWDV PHG
KXVKnOOVDYIDOO XWDQ VND UH WXUQHUDV
L VSHFLILHUDGH nWHUYLQQLJVV\VWHP 2P
EDWWHULHUHOOHUDFNXPXODWRUHULXWUXVWQLQJHQ
KDUGHQNHPLVNDV\PEROHQ+J&GHOOHU3E
EHW\GHUGHWDWWGHQLQQHKnOOHUWXQJPHWDOOHU
.DGPLXPHOOHUPHUlQ%O\