QDNRPSMXWHULSDNRYHGDWRWHNHVHQHPRJXSXãWDWL
QDNRPSMXWHUX0RåHWHLKSXVWDWLVDPRSUHNR79D
3RYUHPHWDMPãLIWLQJDVHPRåHSRMDYLWL]DGUåDYDQMH
PRåHVQLPDWRSURJUDPHGRGHVHWþDVRYD
*%
8NROLNR MHEU]LQD VQLPDQMDSRYH]DQRJ 86% GLVND
QHGRYROMQDVQLPDQMHPRåHSURSDVWLLRGOLNDWDMPãLIWLQJ
PRåHELWLQHGRVWXSQD
=DWRVHSUHSRUXþXMHNRULVLWL86%GLVNRYH]DVQLPDQMH
+'SURJUDPD
1HPRMWHLVNOMXþLYDWH86%GLVNSRYUHPHVQLPDQMD7R
PRåHRãWHWLWLGLVN
8NROLNRVWHLVNOMXþLOLQDSRMQLNDEOGRNMHQHNLWDMPHU]D
86%VQLPDQMHDNWLYDQRQGDüHWDMWDMPHUELWLRWND]DQL
3RGUåDYDMX VH YLãHVWUXNH SDUWLFLMH 1DMYLãH GYH
UD]OLþLWH SDUWLFLMH VX SRGUåDQH 3UYDSDUWLFLMD 86%
GLVNDNRULVLWVH]D395UHDG\RGOLNH7DNR÷HPRUD
]D395UHDG\RGOLNH
UDGLSUREOHPD VLJQDOD SD QHNDGYLGHR VH ]DOHGL X
'XJPDG ]D VQLPDQMH SXãWDQMH SDX]D SULND]]D
XNOMXþDQ8NROLNRVQLPDQMHSRþLQMHRGWDMPHUDGRNMH
WHOHWHNVWXNOMXþDQWHOHWHNVWVHDXWRPDWVNLLVNOMXþXMH
7DNRÿHXSRWUHEDWHOHWHNVWDVHRQHPRJXüDYDNDGDMH
*OHGDQMHVQLPOMHQLKSURJUDPDX]DYLVQRVWLRG
PRGHOD
%LEOLRWHND VQLPDND 3UHOLVWDþ
PHGLMD2GDEHULWHVQLPNXVDOLVWHXNROLNRMHQHND
RSFLMHUHSURGXNFLMH
*OHGDQMHJODYQRJPHQLMDLVWDYNHPHQLMD
QLVXGRVWXSQHWRNRPSULND]LYDQMD
6WRS
%LEOLRWHNXVQLPDND
6SRURXQDSUHG
8NROLNR SULWLVQLWH 3DX]D
SURJUDPH RGOLND VSRUR XQDSUHG ELüH GRVWXSQD
0RåHWH NRULVWLWL GXJPH GD
8]DVWRSQRSULWLVNDQMHGXJPHWDPHQMDEU]LQX
.RQ¿JXUDFLMDVQLPDQMDX]DYLVQRVWLRGPRGHOD
.RQ¿JXUDFLMD6QLPDQMD
3UHJOHGQLNPHGLMD!3RVWDYNHGDELVWHNRQ¿JXULVDOL
)RUPDWLUDQMHGLVND0RåHWHNRULVLWLRGOLNX)RUPDWLUDM
'LVNGDELVWHIRUPDWLUDOLSRYH]DQL86%GLVN'DELVWH
)RUPDWLUDM'LVNSRWUHEDQMHYDã3,1
=DGDQL3,1PRåHELWLSRVWDYOMHQQD LOL
$NRVWHSRVWDYLOL3,1WUDåLVHRYLVQRRL]DEUDQRM]HPOMLWRNRP
XQHVLWH3,1NRMLVWHL]DEUDOL
9$ä12 )RUPDWLUDQMH86% GUDMYDüH REULVDWL69(
SRGDWNH QD QMHPX L QMHJRY VLVWHPIDMORYDSRVWDüH
)$78QDMYLãHVOXþDMDJUHãNHUDGDELüHSRSUDYOMHQH
QDNRQIRUPDWLUDQMDDOLYLJXELWH69(SRGDWNH
8NROLNR VH QD HNUDQX SULNDåH Ä86% MH SUHEDYDQ³
GRNSRqHYVQLPDQMDSRNXãDMWHUHVWDUWLUDWLVQLPDQMH
8NROLNRMRã GRELMDWH LVWX JUHãNXPRJXüHMHGDYDã
86%GLVNQH]DGRYROMDYD]DKWMHYHEU]LQH3RYHåLWH
GUXJL86%GLVN
&(&L&(&5&3DVVWKURXJKRYLVQRRPRGHOX
2YDIXQNFLMD RPRJXüDYDNRQWUROX SUHNRGDOMLQVNRJ
YDãHJ79DL]QDG&(&RPRJXüHQLKXUHÿDMDNRMLVX
SRYH]DQLQDYDã79SUHNR+'0,XOD]H
2SFLMD&(&XPHQLMX6LVWHP!9LãH
SRVWDYOMHQDQDRPRJXüHQR3ULWLVQLWHGXJPH6RXUFH
LL]DEHULWH +'0, XOD] SRYH]DQRJD &(& XUHÿDMD L]
PHQLMX/LVWDL]YRUD1DNRQSRYH]LYDQMD&(&L]YRUQRJ
XUHÿDMDRQüHELWLSULND]DQXPHQLMXL]YRUDVYRMLP
LPHQRPXPHVWRLPHSRYH]DQRJ+'0,SRUWDQDSU
'9'SOHMHU5HFRUGHULWG
'DOMLQVNL 79D DXWRPDWVNL PRåH L]YUãDYDWL JODYQH
IXQNFLMHQDNRQL]ERUDSRYH]DQRJ+'0,L]YRUD
SUHNRGDOMLQVNRJSRQRYRSULWLVQLWHGXJPH%U]L0HQL
QD GDOMLQVNRP LVWDNQLWH &(& 5& 3DVVWKURXJK
,VNOMXþHQRSULWLVNRPQD/LMHYRLOL'HVQR
GXJPH 2YD IXQNFLMD VH WDNRÿH PRåHRPRJXüLWL LOL
RQHPRJXüLWLXPHQLMX6LVWHP!9LãH
79 WDNRÿH SRGUåXMH RGOLNX$5& $XGLR 5HWXUQ
&KDQQHO 2YR MH ]YXþQD YH]D QDPLMHQMHQD GD
]DPMHQLRVWDOH NDEORYH PHÿX79DLDXGLRVLVWHPD
$9SULMHPQLNLOLVLVWHP]YXþQLND
7RNRPDNWLYQRJ$5&D79QHXãXWNXMHDXWRPDWVNL
RVWDOHDXGLRL]OD]H=ERJWRJDPRUDWHUXþQRVPDQMLWL
]YXN79DGRQXOHDNRåHOLWHVOXãDWL]YXNMHGLQRVD
SRYH]DQRJDXGLRL]YRUDLVWRNDRRVWDOLRSWLþNLLOLNR
DNVLMDOQLGLJLWDOQLDXGLRL]OD]L$NRåHOLWHSURPLMHQLWL
MDþLQX]YXNDSRYH]DQRJXUHÿDMDWUHEDWHL]DEUDWLWDM
XUHÿDML]OLVWXL]YRUD8WRPVOXþDMXWDVWHUL]YXNDVX
XVPMHUHQLQDSRYH]DQLDXGLRXUHÿDM
.RQWUROD]YXþQRJVLVWHPD
2PRJXüDYDNRULãüHQMH]YXþQRJSRMDþDODSULMHPQLND
VD79RP-DþLQD]YXNDVHPRåHNRQWUROLVDWLSUHNR
GDOMLQVNRJ79D'DELDNWLYLUDOLRYXRGOLNXNRGPHQLMD
6LVWHP!9LãHSRVWDYLWHRSFLMX=YXþQLFLQD3RMDþDOR
=YXþQLFL79DüXELWLXãXWNDQLL]YXNJOHGDQRJL]YRUD
ELüH GRVWDYOMHQ VD VWUDQH SRYH]DQRJ ]YXþQRJ
$XGLRXUHÿDMWUHEDSRGUåDYDWLRGOLNX³NRQWUROD
DXGLR VLVWHPD´ L RSFLMD &(& WUHED ELWL SRVWDYOMHQD QD
2PRJXüHQD
(SULUXþQLNRYLVQRRPRGHOD
0RåHWHQDüLNRULVQLþNDXSXWVWYDX(SULUXþQLNX
=DXSRWUHEXHSULUXþQLNDSULWLVQLWH,QIRGRNMHJODYQL
PHQL SULND]DQ QDHNUDQX LOL SULWLVQLWH%U]LPHQLWH
%URãXUD
NDWHJRULMD LPD UD]OLþLWH QDVORYH ,]DEHULWH QDVORYL
GDELVWHSRþHOL
=D ]DWYDUDQMH (SULUXþQLNDSULWLVQLWH WDVWHU ([LW
0HQX
6DGUåDM (SULUXþQLND PRåHYDULUDWL X
]DYLVQRVWRGPRGHOD
2SüHQLWRRNRULãWHQMX79
.RULãþHQMH/LVWXNDQDOD
OLVWL
NDQDOD8RYXOLVWXNDQDODPRåHWHGDXQRVLWHL]PMHQH
VWDQLFH NRMH WUHED GD VH SULNDåX NRULVWHüL RSFLMH
/LVWHNDQDOD
2.79 /LVWX
NDQDOD0RåHWH¿OWULUDWLQDYHGHQHNDQDOHWDNRãWRüHWH
3ODYX 8UHGLOLVWXNDQDOD
WDNRãWRüHWHSULWLVQXWL=HOHQXWLSNXDNRåHOLWHXQLMHWL
8SUDYOMDQMHRPLOMHQLPOLVWDPD
0PRåHWHNUHLUDWLþHWLULUD]OLþLWHOLVWHVYRMLKRPLOMHQLK
/LVWXNDQDOD
=HOHQX /LVWDNDQDOD
8UHGLOLVWXNDQDOD
2GDEHULWHåHOMHQLNDQDOVDVSLVND3ULWLVNRPQDäXWX
WLSNXPRåHWHRGDEUDWLYLãHNDQDOD3RWRP SULWLVQLWH
2SFLMHXUHÿLYDQMDNDQDOD
'RGDM8NORQL RPLOMHQH
3RVWDYLWHåHOMHQXRSFLMX
8NOMXþHQR2GDEUDQLNDQDOLüHELWLGRGDQL
NDQDODSUDWLWHLVWHNRUDNHLQDPMHVWLWHåHOMHQXRSFLMX
,VNOMXþHQR
0RåHWHNRULVWLWL IXQNFLMX)LOWHU 8UHGLOLVWX
NDQDODGD¿OWULUDWHNDQDOHX/LVWLNDQDOD
XVNODGXVDVYRMLPSUHIHUHQFLMDPD8SRWUHERPRSFLMH
)LOWHUPRåHWHRGDEUDWLGDMHGQDRGYDãLKRPLOMHQLK
/LVWX
NDQDOD )XQNFLMD ¿OWULUDQMD X PHQLMX /LVWD NDQDOD
¿OWULUDVDPR WUHQXWQR SULND]DQX /LVWX NDQDOD
QHüHRVWDWLVOMHGHüLSXWNDGDVHRWYRUL/LVWDNDQDOD
DNRLKQHVDþXYDWH'DELVWHVDþXYDOLL]PMHQHQDOLVWL
&UYHQRGXJPHQDNRQ¿OWULUDQMDGRNMH/LVWD
NDQDOD
.RQ¿JXULãHURGLWHOMVNHSRVWDYNH
'DELVH]DEUDQLORJOHGDQMHL]YHVQLKSURJUDPDNDQDOL
LPHQLMLVHPRJXEORNLUDWLSRPRüXVLVWHPDURGLWHOMVNH
=D SULND]LYDQMH RSFLMD PHQLMD URGLWHOMVNH EORNDGH
LVSUDYQRJ 3,1D SRND]XMH VH URGLWHOVMLK
NRQWUROD
%ORNLUDQMH PHQLMD 3RVWDYND %ORNLUDQMH PHQLMD³
RPRJXüDYDLOLRQHPRJXüDYDSULVWXSPHQLMX
%ORNLUDQMHSRX]UDVWL.DGDVHSRGHVLRYDRSFLMD
X]LPDLQIRUPDFLMHRX]UDVWXL]HPLVLMDLDNRMHGRWLþQL
QLYR X]UDVWD RQHPRJXüHQ RQHPRJXüDYD SULVWXS
1DSRPHQD$NR MH ]HPOMD WRNRP 3UYH LQVWDODFLMH
SRVWDYOMHQDQD)UDQFXVND,WDOLMDLOL$XVWULMD%ORNDGD
SRX]UDVWLPDüHELWLDXWRPDWVNLSRVWDYOMHQDQD
,QWHUQHW]DNOMXþDYDQMH$NRMHRYDRSFLMDSRVWDYOMHQD
,6./-8ý(12 RWYRUHQD DSOLNDFLMD SUHJOHGQLND
QD SRUWDOX üH ELWL RQHPRJXüHQD 3RVWDYLWH QD
8./-8ý(12
%ORNDGD ]D GHFX .DGD MH Ä%ORNDGD ]D GHFX³
DNWLYLUDQD79DSDUDWVHPRåHNRQWUROLVDWLVDPRSXWHP
GDOMLQVNRJXSUDYOMDþD 'XJPDG NRQWUROQH SORþH QH
3RGHãDYDQMH3,1D'H¿QLãHQRYL3,1EURM
'HIDXOW&,&$0 3,12YDRSFLMDüH VHSRMDYLWLNDR
SRVLYMHOD DNR QLMHGDQ &, PRGXO QLMH XEDþHQ X &,
VORW79D0RåHWHSURPLMHQLWLIDEULþNL3,1&,&$0D
NRULVWHüLRYXRSFLMX
PHQD7YRUQLþNL3,1PRåHELWLLOL$NR
VWHSRVWDYLOL3,1WUDåLVHRYLVQRRL]DEUDQH]HPOMH
WRNRP3UYHLQVWDODFLMHXQHWL3,1NRMLVWHL]DEUDOL
1HNHRSFLMHQLVXGRVWXSQHRYLVQRRGL]DEUDQH]HPOMH
WRNRP3UYHLQVWDODFLMH
(OHNWURQLþNLSURJUDPVNLYRGLþ(3*
1HNLNDQDOLSUDüDMXLQIRUPDFLMXRNRUDVSRUHGXQMLKRYLK
(SJ
3URJUDPVNRJYRGLþD
3RVWRMHUD]OLþLWDWLSDGRVWXSQLK]DND]DQLKUDVSRUHGD
9UHPHQVNLUDVSRUHG3RSLVQLUDVSRUHG
6DGVOLMHGL
UDVSRUHG'DSUHOD]LWHL]PHÿXQMLKVOLMHGLWHXSXWVWYD
9UHPHQVNLUDVSRUHG
=XPåXWRGXJPH äXWR
YLGMHOLGRJDÿDMHXYHüHPYUHPHQVNRPLQWHUYDOX
)LOWHUSODYRGXJPH3ULND]XMHRSFLMH¿OWULUDQMD
,]DEHUL åDQU GXJPH SRGQDVORYD
,]DEHUL åDQU .RULVWHüL RYX IXQNFLMX PRåHWH
SUHWUDåLYDWL ED]X SRGDWDND SURJUDPVNRJ YRGLþD
SUHPDåHOMHQRPåDQUXLOLLPHQX,QIRUPDFLMDGRVWXSQD
X YRGLüX SULJUDPD ELüH SUHWUDåHQD L UH]XOWDWL NRML
RGJRYDUDMXYDãLPNULWHULMDPDELüXSULND]DQL
2SFLMHGXJPH2.3ULND]XMHRSFLMHGRJDÿDMD
'HWDOMLGRJDÿDMDGXJPHLQIR
LQIRUPDFLMHRL]DEUDQLPGRJDÿDMLPD
6OMHGHüLSUHWKRGQL GDQ GXJPDG 3URJUDP
3ULND]XMHGRJDÿDMHRGSUHWKRGQRJLOLVOMHGHüHJGDQD