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CD 9246 PDF
CD 9246 PDF
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Ϯ͘Ϯ͘ϭ͘Ϯ &ůƵũŽĚĞĂƌŐĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϳ
ƚĂƉĂϮƐƚŝŵĂĐŝſŶĚĞƐƚĂĚŽ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϴ
Ϯ͘Ϯ͘Ϯ͘ϭ &ŽƌŵĂĐŝſŶĚĞůĂDĂƚƌŝnjĚĞDĞĚŝĐŝŽŶĞƐࢠ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϴ
Ϯ͘Ϯ͘Ϯ͘Ϯ &ŽƌŵĂĐŝſŶĚĞůĂDĂƚƌŝnjĚĞ&ƵŶĐŝŽŶĞƐĚĞDĞĚŝĐŝſŶࢎ࢞͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϵ
Ϯ͘Ϯ͘Ϯ͘ϯ &ŽƌŵĂĐŝſŶĚĞůĂŵĂƚƌŝnj:ĂĐŽďŝĂŶĂĚĞDĞĚŝĐŝŽŶĞƐࡴ࢞͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϬ
Ϯ͘Ϯ͘Ϯ͘ϰ &ŽƌŵĂĐŝſŶĚĞůĂDĂƚƌŝnjĚĞŽǀĂƌŝĂŶnjĂƐĚĞůŽƐƌƌŽƌĞƐĚĞDĞĚŝĐŝſŶࡾ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϭ
Ϯ͘Ϯ͘Ϯ͘ϱ &ŽƌŵĂĐŝſŶĚĞůĂDĂƚƌŝnjĚĞ'ĂŶĂŶĐŝĂĚĞůƐƚŝŵĂĚŽƌĚĞƐƚĂĚŽĚĞDşŶŝŵŽƐƵĂĚƌĂĚŽƐ
WŽŶĚĞƌĂĚŽƐࡳ࢞͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϭ
Ϯ͘Ϯ͘Ϯ͘ϲ DĂƚƌŝnjĚĞŽǀĂƌŝĂŶnjĂĚĞůŽƐƌƌŽƌĞƐĚĞƐƚŝŵĂĐŝſŶĚĞůĂƐsĂƌŝĂďůĞƐĚĞƐƚĂĚŽࡼ࢞͘͘͘͘͘͘͘͘͘ϰϮ
ƚĂƉĂϯůŐŽƌŝƚŵŽKƉƚŝŵŝnjĂĐŝſŶDsDK͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϰ
Ϯ͘Ϯ͘ϯ͘ϭ dĂŵĂŹŽĚĞůĂWŽďůĂĐŝſŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϰ
Ϯ͘Ϯ͘ϯ͘Ϯ WŽďůĂĐŝſŶ/ŶŝĐŝĂů͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϰ
Ϯ͘Ϯ͘ϯ͘ϯ ŝŵĞŶƐŝſŶĚĞůƌĐŚŝǀŽĚĞDĞŵŽƌŝĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϰ
Ϯ͘Ϯ͘ϯ͘ϰ DĠƚŽĚŽLJEƷŵĞƌŽĚĞsĂƌŝĂďůĞƐ^ĞůĞĐĐŝŽŶĂĚĂƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϱ
Ϯ͘Ϯ͘ϯ͘ϱ ǀĂůƵĂĐŝſŶĚĞůĂ&ƵŶĐŝſŶKďũĞƚŝǀŽࡼ࢞͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϲ
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Ϯ͘Ϯ͘ϯ͘ϲ sĂƌŝĂďůĞƐĚĞůŽŶƚƌŽůĚĞůůŐŽƌŝƚŵŽĚĞKƉƚŝŵŝnjĂĐŝſŶDsDK͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϲ
ZĞƐƵŵĞŶĚĞůĂDĞƚŽĚŽůŽŐşĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϳ
W>//MEWZd/>DdKK>K'1zE>/^/^Z^h>dK^͘͘͘͘͘͘͘͘͘͘͘ϱϬ
W>//ME>>'KZ/dDKWZKWh^dK>^/^dDWZh>/ϯϳEKK^͘͘͘ϱϬ
ϯ͘ϭ͘ϭ͘ϭ ŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂŽŶƐŝĚĞƌĂŶĚŽDĂƐĚĞƵŶWƵŶƚŽĚĞDĞĚŝĐŝſŶĞŶůĂZĞĚĚĞWƌƵĞďĂ
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ϯ͘ϭ͘ϭ͘Ϯ ŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂŽŶƐŝĚĞƌĂŶĚŽDĂƐĚĞƵŶWƵŶƚŽĚĞDĞĚŝĐŝſŶĞŶůĂZĞĚĚĞWƌƵĞďĂ
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ϯ͘ϭ͘ϭ͘ϯ ŽŵƉĂƌĂĐŝſŶĚĞŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂŽŶƐŝĚĞƌĂŶĚŽůĂhďŝĐĂĐŝſŶMƉƚŝŵĂLJEŽMƉƚŝŵĂ
ĚĞDĞĚŝĚŽƌĞƐĞŶůĂZĞĚĚĞWƌƵĞďĂ/ϯϳEŽĚŽƐʹDĠƚŽĚŽWŽƚĞŶĐŝĂEŽŵŝŶĂůĚĞůdƌĂŶƐĨŽƌŵĂĚŽƌϲϭ
W>//ME>>'KZ/dDKWZKWh^dK>>/DEdKZDZd1E͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϯ
W>//ME>>'KZ/dDKWZKWh^dK>>/DEdKZ>>s/^d͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϳ
ŶĄůŝƐŝƐĚĞZĞƐƵůƚĂĚŽƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϬ
KE>h^/KE^zZKDE/KE^͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϰ
ŽŶĐůƵƐŝŽŶĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϰ
ZĞĐŽŵĞŶĚĂĐŝŽŶĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϲ
Z&ZE/^/>/K'Z&/^͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϳ
EyK^͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϵ
KZEDW^dK͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϭ
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&ŝŐƵƌĂϭ͘Ϯ/ŵƉĞĚĂŶĐŝĂƐWƌŽƉŝĂƐLJDƵƚƵĂƐ͕^ĞƌŝĞ͕ĚĞƵŶĂ>şŶĞĂĠƌĞĂϯ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴ
&ŝŐƵƌĂϭ͘ϯĚŵŝƚĂŶĐŝĂƐWĂƌĂůĞůŽĚĞƵŶĂ>şŶĞĂĠƌĞĂϯ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭ
&ŝŐƵƌĂϭ͘ϰDŽĚĞůŽĐŽŵƉůĞƚŽĚĞƵŶĂůşŶĞĂĚĞĚŝƐƚƌŝďƵĐŝſŶϯ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ
&ŝŐƵƌĂϭ͘ϱDŽĚĞůŽƐŝŵƉůŝĨŝĐĂĚŽĚĞƵŶĂůşŶĞĂĚĞĚŝƐƚƌŝďƵĐŝſŶϯ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱ
&ŝŐƵƌĂϭ͘ϲWƌŽďůĞŵĂĚĞůĂŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂĐŽŶƵŶĂDĞĚŝĐŝſŶĞŶĂďĞĐĞƌĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϳ
&ŝŐƵƌĂϮ͘ϭƐƚƌƵĐƚƵƌĂĚĞůĂŵĞƚŽĚŽůŽŐşĂƉĂƌĂůĂƵďŝĐĂĐŝſŶſƉƚŝŵĂĚĞŵĞĚŝĚŽƌĞƐĚĞǀŽůƚĂũĞLJ
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&ŝŐƵƌĂϮ͘ϮƐƚƌĂƚĞŐŝĂƐĚĞ^ĞůĞĐĐŝſŶϭϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϱ
&ŝŐƵƌĂϮ͘ϯŝĂŐƌĂŵĂĚĞ&ůƵũŽĚĞůůŐŽƌŝƚŵŽĚĞƐƚŝŵĂĐŝſŶĚĞƐƚĂĚŽLJhďŝĐĂĐŝſŶMƉƚŝŵĂĚĞ
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&ŝŐƵƌĂϯ͘ϭhďŝĐĂĐŝſŶMƉƚŝŵĂĚĞDĞĚŝĚŽƌĞƐ^ŝƐƚĞŵĂĚĞWƌƵĞďĂ/ϯϳEŽĚŽƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϭ
&ŝŐƵƌĂϯ͘Ϯ&ƵŶĐŝſŶKďũĞƚŝǀŽhďŝĐĂĐŝſŶMƉƚŝŵĂZĞĚĚĞWƌƵĞďĂ/ϯϳEŽĚŽƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϮ
&ŝŐƵƌĂϯ͘ϯ&ƵŶĐŝſŶKďũĞƚŝǀŽĚĞĂĚĂWŽďůĂĐŝſŶƌĞĂĚĂZĞĚĚĞWƌƵĞďĂ/ϯϳEŽĚŽƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϯ
&ŝŐƵƌĂϯ͘ϰƐƉĂĐŝŽĚĞƵƐƋƵĞĚĂĚĞůůŐŽƌŝƚŵŽZĞĚĚĞWƌƵĞďĂ/ϯϳEŽĚŽƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϯ
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&ŝŐƵƌĂϯ͘ϴŽŵƉĂƌĂĐŝſŶ&ůƵũŽĚĞWŽƚĞŶĐŝĂZĞĂĐƚŝǀĂĚĞůĂ&ĂƐĞƉŽƌůĂƐ>şŶĞĂƐĚĞůĂZĞĚĚĞWƌƵĞďĂ
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&ŝŐƵƌĂϯ͘ϭϬŽŵƉĂƌĂĐŝſŶ&ůƵũŽĚĞWŽƚĞŶĐŝĂZĞĂĐƚŝǀĂĚĞůĂ&ĂƐĞƉŽƌůĂƐ>şŶĞĂƐĚĞůĂZĞĚĚĞ
WƌƵĞďĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϳ
&ŝŐƵƌĂϯ͘ϭϭWƌŽŵĞĚŝŽĚĞůƌƌŽƌZĞůĂƚŝǀŽĚĞůĂŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂͲWŽƚĞŶĐŝĂĐƚŝǀĂƉŽƌ&ĂƐĞͲ
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&ŝŐƵƌĂϯ͘ϭϮWƌŽŵĞĚŝŽĚĞůƌƌŽƌZĞůĂƚŝǀŽĚĞůĂŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂͲWŽƚĞŶĐŝĂZĞĂĐƚŝǀĂƉŽƌ&ĂƐĞͲ
DĠƚŽĚŽWŽƚĞŶĐŝĂEŽŵŝŶĂůdƌĂŶƐĨŽƌŵĂĚŽƌĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϴ
&ŝŐƵƌĂϯ͘ϭϯWƌŽŵĞĚŝŽĚĞůƌƌŽƌZĞůĂƚŝǀŽĚĞůĂŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂͲWŽƚĞŶĐŝĂĐƚŝǀĂƉŽƌ&ĂƐĞͲ
DĠƚŽĚŽŽŶƐƵŵŽDĞŶƐƵĂůŶĞƌŐşĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϬ
&ŝŐƵƌĂϯ͘ϭϰWƌŽŵĞĚŝŽĚĞůƌƌŽƌZĞůĂƚŝǀŽĚĞůĂŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂͲWŽƚĞŶĐŝĂZĞĂĐƚŝǀĂƉŽƌ&ĂƐĞͲ
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&ŝŐƵƌĂϯ͘ϭϲWƌŽŵĞĚŝŽĚĞůƌƌŽƌZĞůĂƚŝǀŽĚĞůĂŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂͲWŽƚĞŶĐŝĂĐƚŝǀĂƉŽƌ&ĂƐĞ
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&ŝŐƵƌĂϯ͘ϭϳWƌŽŵĞĚŝŽĚĞůƌƌŽƌZĞůĂƚŝǀŽĚĞůĂŝƐƚƌŝďƵĐŝſŶĚĞĂƌŐĂͲWŽƚĞŶĐŝĂZĞĂĐƚŝǀĂƉŽƌ&ĂƐĞ
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&ŝŐƵƌĂϯ͘ϮϬhďŝĐĂĐŝſŶMƉƚŝŵĂĚĞDĞĚŝĚŽƌĞƐůŝŵĞŶƚĂĚŽƌĞůůĂǀŝƐƚĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϴ
&ŝŐƵƌĂϯ͘Ϯϭ&ƵŶĐŝſŶKďũĞƚŝǀŽhďŝĐĂĐŝſŶMƉƚŝŵĂůŝŵĞŶƚĂĚŽƌĞůůĂǀŝƐƚĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϴ
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ϰϮϱ
ϰϬϵ
ϰϭϬ
ϰϭϭ
ϰϭϮ
ϰϬϲ
ϰϬϳ
ϰϬϴ
KZ/'/E>Y /^dZ/h/KEZ'ϭD/KZdŚƌƵWŽǁĞƌ /^dZ/h/KEZ'ϰD/KZ^dŚƌƵWŽǁĞƌ
Ŭsƌ ;ŬǀĂƌͿ ;ŬǀĂƌͿ
)LJXUD&RPSDUDFLyQ)OXMRGH3RWHQFLD5HDFWLYDGHOD)DVH$SRUODV/tQHDVGHOD
5HGGH3UXHED
ϱϱ
ϴϬϬ͘ϬϬ
ϳϬϬ͘ϬϬ
ϲϬϬ͘ϬϬ
ϱϬϬ͘ϬϬ
ϰϬϬ͘ϬϬ
ϯϬϬ͘ϬϬ
ϮϬϬ͘ϬϬ
ϭϬϬ͘ϬϬ
Ϭ͘ϬϬ
ϰϯϯ
ϯϵϮ
ϯϵϯ
ϯϵϰ
ϯϵϱ
ϯϵϲ
ϯϵϳ
ϯϵϴ
ϯϵϵ
ϰϬϬ
ϰϬϭ
ϰϬϮ
ϰϬϯ
ϰϬϰ
ϰϬϱ
ϰϭϯ
ϰϭϰ
ϰϭϱ
ϰϭϲ
ϰϭϳ
ϰϭϴ
ϰϭϵ
ϰϮϬ
ϰϮϭ
ϰϮϮ
ϰϮϯ
ϰϮϰ
ϰϮϱ
ϰϬϵ
ϰϭϬ
ϰϭϭ
ϰϭϮ
ϰϬϲ
ϰϬϳ
ϰϬϴ
KZ/'/E>W /^dZ/h/KEZ'ϭD/KZdŚƌƵWŽǁĞƌ /^dZ/h/KEZ'ϰD/KZ^dŚƌƵWŽǁĞƌ
Ŭt ;ŬtͿ ;ŬtͿ
)LJXUD&RPSDUDFLyQ)OXMRGH3RWHQFLD$FWLYDGHOD)DVH%SRUODV/tQHDVGHOD5HG
GH3UXHED
ϯϱϬ͘ϬϬ
ϯϬϬ͘ϬϬ
ϮϱϬ͘ϬϬ
ϮϬϬ͘ϬϬ
ϭϱϬ͘ϬϬ
ϭϬϬ͘ϬϬ
ϱϬ͘ϬϬ
Ϭ͘ϬϬ
ϰϯϯ
ϯϵϮ
ϯϵϯ
ϯϵϰ
ϯϵϱ
ϯϵϲ
ϯϵϳ
ϯϵϴ
ϯϵϵ
ϰϬϬ
ϰϬϭ
ϰϬϮ
ϰϬϯ
ϰϬϰ
ϰϬϱ
ϰϭϯ
ϰϭϰ
ϰϭϱ
ϰϭϲ
ϰϭϳ
ϰϭϴ
ϰϭϵ
ϰϮϬ
ϰϮϭ
ϰϮϮ
ϰϮϯ
ϰϮϰ
ϰϮϱ
ϰϬϵ
ϰϭϬ
ϰϭϭ
ϰϭϮ
ϰϬϲ
ϰϬϳ
ϰϬϴ
KZ/'/E>Y /^dZ/h/KEZ'ϭD/KZdŚƌƵWŽǁĞƌ /^dZ/h/KEZ'ϰD/KZ^dŚƌƵWŽǁĞƌ
Ŭsƌ ;ŬǀĂƌͿ ;ŬǀĂƌͿ
)LJXUD&RPSDUDFLyQ)OXMRGH3RWHQFLD5HDFWLYDGHOD)DVH%SRUODV/tQHDVGHOD
5HGGH3UXHED
ϱϲ
ϭϬϬϬ͘ϬϬ
ϴϬϬ͘ϬϬ
ϲϬϬ͘ϬϬ
ϰϬϬ͘ϬϬ
ϮϬϬ͘ϬϬ
Ϭ͘ϬϬ
ϰϯϯ
ϯϵϮ
ϯϵϯ
ϯϵϰ
ϯϵϱ
ϯϵϲ
ϯϵϳ
ϯϵϴ
ϯϵϵ
ϰϬϬ
ϰϬϭ
ϰϬϮ
ϰϬϯ
ϰϬϰ
ϰϬϱ
ϰϭϯ
ϰϭϰ
ϰϭϱ
ϰϭϲ
ϰϭϳ
ϰϭϴ
ϰϭϵ
ϰϮϬ
ϰϮϭ
ϰϮϮ
ϰϮϯ
ϰϮϰ
ϰϮϱ
ϰϬϵ
ϰϭϬ
ϰϭϭ
ϰϭϮ
ϰϬϲ
ϰϬϳ
ϰϬϴ
KZ/'/E>W /^dZ/h/KEZ'ϭD/KZdŚƌƵWŽǁĞƌ /^dZ/h/KEZ'ϰD/KZ^dŚƌƵWŽǁĞƌ
Ŭt ;ŬtͿ ;ŬtͿ
)LJXUD&RPSDUDFLyQ)OXMRGH3RWHQFLD$FWLYDGHOD)DVH&SRUODV/tQHDVGHOD5HG
GH3UXHED
ϮϱϬ͘ϬϬ
ϮϬϬ͘ϬϬ
ϭϱϬ͘ϬϬ
ϭϬϬ͘ϬϬ
ϱϬ͘ϬϬ
Ϭ͘ϬϬ
ϰϯϯ
ϯϵϮ
ϯϵϯ
ϯϵϰ
ϯϵϱ
ϯϵϲ
ϯϵϳ
ϯϵϴ
ϯϵϵ
ϰϬϬ
ϰϬϭ
ϰϬϮ
ϰϬϯ
ϰϬϰ
ϰϬϱ
ϰϭϯ
ϰϭϰ
ϰϭϱ
ϰϭϲ
ϰϭϳ
ϰϭϴ
ϰϭϵ
ϰϮϬ
ϰϮϭ
ϰϮϮ
ϰϮϯ
ϰϮϰ
ϰϮϱ
ϰϬϵ
ϰϭϬ
ϰϭϭ
ϰϭϮ
ϰϬϲ
ϰϬϳ
ϰϬϴ
KZ/'/E>Y /^dZ/h/KEZ'ϭD/KZdŚƌƵWŽǁĞƌ /^dZ/h/KEZ'ϰD/KZ^dŚƌƵWŽǁĞƌ
Ŭsƌ ;ŬǀĂƌͿ ;ŬǀĂƌͿ
)LJXUD&RPSDUDFLyQ)OXMRGH3RWHQFLD5HDFWLYDGHOD)DVH&SRUODV/tQHDVGHOD
5HGGH3UXHED
/DV ILJXUDV PRVWUDGDV SUHFHGHQWHPHQWH UHDILUPDQ TXH FRQVLGHUDU YDULRV SXQWRV GH
PHGLFLyQ HQ OD GLVWULEXFLyQ GH FDUJD SURPXHYHQ D TXH OD UHG UHVXOWDQWH GHVSXpV GH
HMHFXWDUHVWHDOJRULWPRVHDPiVFROLQGDQWHDODUHGUHDOWDQWRHQYDORUHVGHSRWHQFLDDFWLYD
FRPRSRWHQFLDUHDFWLYDHQFDGDIDVHSRUODVOtQHDVUHGXFLHQGR ODLQFHUWLGXPEUHR HUURU
UHODWLYRGHODUHGHOpFWULFDGHGLVWULEXFLyQ
ϱϳ
ϭDĞĚŝĚŽƌ ϰDĞĚŝĚŽƌĞƐ
ϭϱ͘ϵϬ
ϭϰ͘ϯϵ
ϭϯ͘ϵϭ
ϭϭ͘ϰϯ
ϴ͘ϯϮ
ϳ͘ϲϲ
W W W
)LJXUD3URPHGLRGHO(UURU5HODWLYRGHOD'LVWULEXFLyQGH&DUJD3RWHQFLD$FWLYDSRU
)DVH0pWRGR3RWHQFLD1RPLQDO7UDQVIRUPDGRUHV
ϭDĞĚŝĚŽƌ ϰDĞĚŝĚŽƌĞƐ
ϲϲ͘Ϭϭ
ϰϳ͘ϭϰ
ϯϭ͘ϰϰ
Ϯϴ͘Ϭϯ
Ϯϲ͘Ϭϳ
ϭϰ͘ϳϴ
Y Y Y
)LJXUD3URPHGLRGHO(UURU5HODWLYRGHOD'LVWULEXFLyQGH&DUJD3RWHQFLD5HDFWLYD
SRU)DVH0pWRGR3RWHQFLD1RPLQDO7UDQVIRUPDGRUHV
(QOD)LJXUD\)LJXUDVHDSUHFLDHOYDORUSURPHGLRSRQGHUDGRGHOHUURUUHODWLYR
SRU IDVH DO DSOLFDU HO DOJRULWPR GH GLVWULEXFLyQ GH FDUJD FRQVLGHUDQGR PHGLGRU \
PHGLGRUHVUHVSHFWLYDPHQWHVHYDO~DTXHFRQVLGHUDQGRPiVSXQWRVGHPHGLFLyQHQOD
UHGGHGLVWULEXFLyQHOSURPHGLRSRQGHUDGRGHOHUURUUHODWLYRHVPHQRUWDQWRSDUDSRWHQFLD
DFWLYDFRPRSDUDSRWHQFLDUHDFWLYDUHVSHFWLYDPHQWH
(QOD7DEODVHPXHVWUDORVGDWRVGHSRWHQFLDDFWLYD\UHDFWLYDSRUIDVHGHODUHGEDVH\
HOHUURUJHQHUDGRFXDQGRVHFRQVLGHUD\PHGLGRUHVHQODGLVWULEXFLyQGHFDUJDHQODV
XOWLPDVFROXPQDVVHSLQWDGHFRORUYHUGHVLHOHUURUUHODWLYRFRQVLGHUDQGRPHGLGRUHVHV
ϱϴ
PHQRUTXHFRQVLGHUDQGRVRORPHGLGRUHQODGLVWULEXFLyQGHFDUJD\VHSLQWDODFHOGDGH
FRORUURMRHQFDVRFRQWUDULR
$SHVDUGHTXHH[LVWHQFLHUWRVFDVRVHQGRQGHHOHUURUUHODWLYRHVPD\RUTXHFXDQGRVH
FRQVLGHUDPHGLGRUHV HQHODOJRULWPRGHGLVWULEXFLyQGHFDUJDHVWRQRFRQWUDUUHVWDVX
HIHFWLYLGDGHQODUHGXFFLyQGHODLQFHUWLGXPEUHGHODUHG
7DEOD(UURU5HODWLYRGH'LVWULEXFLyQGH&DUJDFRQ\0HGLGRUHV
ZZKZZ>d/sK/^dZ/h/ME ZZKZZ>d/sK/^dZ/h/ME
KZ/'/E>
Z'ϭD/KZ Z'ϰD/KZ
4$ 4% 4&
(TXLSP 3$ 3% 3& 3$ 4$ 3% 4% 3& 4& 3$ 4$ 3% 4% 3& 4&
>N9$ >N9$ >N9$
HQW1R >N:@ >N:@ >N:@ >@ >@ >@ >@ >@ >@ >@ >@ >@ >@ >@ >@
U@ U@ U@
ϴϱϴ͘ ϱϯϴ͘ ϲϲϴ͘ ϯϰϳ͘ ϵϮϳ͘ Ϯϳϳ͘ Ϭ͘Ϭϭ Ϭ͘Ϭϭ Ϭ͘Ϭϭ Ϭ͘Ϭϭ Ϭ͘Ϭϭ Ϭ͘Ϭϭ Ϭ͘ϬϬ Ϭ͘ϬϬ Ϭ͘ϬϬ Ϭ͘ϬϬ Ϭ͘ϬϬ Ϭ͘ϬϬ
ф ф ф ф ф ф
ϱϬ ϬϮ ϵϬ ϰϯ ϱϳ Ϭϱ й й й й й й й й й й й й
ϲϰϮ͘ ϯϱϲ͘ ϱϮϴ͘ Ϯϳϵ͘ ϲϱϬ͘ Ϯϭϲ͘
Ϭ͘ϭ Ϭ͘ϯ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘Ϯ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘ϭ ф ф ф ф ф ф
Ϯ Ϯ ϭ ϰ ϲ ϱ
ϭϯϯ͘ ϭϵϯ͘ ϮϬϴ͘ ϭϭϳ͘
ϵϮ͘ϲ ϰϬ͘ϭ Ϭ͘ϯ Ϭ͘Ϯ Ϭ͘ϭ ϭ͘ϭ Ϭ͘Ϯ Ϭ͘ϰ Ϭ͘ϭ Ϭ͘Ϯ Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘Ϯ Ϭ͘Ϯ ф ф ф ф х ф
ϱ ϳ Ϯ ϲ
ϭϬϮ͘ ϭϵϯ͘ ϭϱϰ͘ ϭϮϮ͘
ϰϴ͘ϯ ϰϬ͘ϰ Ϭ͘Ϯ Ϭ͘ϳ Ϭ͘ϭ ϭ͘ϭ Ϭ͘Ϯ Ϭ͘ϱ Ϭ͘Ϭ Ϭ͘ϲ Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘ϯ Ϭ͘Ϭ ф ф ф ф х ф
ϲ ϲ ϭ ϰ
ϭϰϯ͘ ϭϰϲ͘ ϭϭϭ͘
ϯϴ͘ϱ ϱϰ͘ϰ ͲϭϬ͘ϴ Ϭ͘ϵ Ϭ͘Ϯ Ϭ͘ϯ ϲ͘ϭ Ϭ͘Ϯ Ϭ͘ϱ Ϭ͘ϯ Ϭ͘ϯ Ϭ͘Ϭ ϭ͘ϴ Ϭ͘Ϯ Ϭ͘ϭ ф х ф ф х ф
ϱ ϰ ϴ
ϭϭϲ͘
ϳ͘ϲ ϭϬ͘ϰ Ͳϴ͘Ϭ ϳϳ͘ϰ ϵϰ͘ϵ ϯ͘Ϯ Ϭ͘ϵ Ϭ͘ϰ ϱ͘ϲ Ϭ͘Ϭ Ϭ͘ϴ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϯ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ ф ф ф ф ф ф
ϯ
Ϭ͘Ϭ Ϭ͘Ϭ Ϯϲ͘ϳ ͲϮ͘Ϭ ϭϰ͘ϳ Ϯϭ͘ϴ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϰ ϭϬ͘ϯ ϭ͘ϴ Ϭ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ ϭ͘ϯ ϯ͘Ϭ ϭ͘ϳ ϭ͘ϯ ф ф х ф ф х
ϳ͘ϲ ϭϬ͘ϵ ϴϵ͘ϲ Ͳϱ͘ϰ ϲϮ͘ϲ ϳϯ͘ϲ ϯ͘Ϯ Ϭ͘ϴ Ϭ͘ϲ ϰ͘ϯ Ϭ͘ϰ Ϭ͘ϴ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϰ ϭ͘ϲ Ϭ͘ϰ Ϭ͘ϰ ф ф ф ф ф ф
Ϭ͘Ϭ Ϭ͘Ϭ Ϯϳ͘ϭ ͲϮ͘Ϯ ϭϰ͘ϵ ϮϮ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϰ ϵ͘ϴ ϭ͘ϴ Ϭ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ ϴ͘ϵ Ϯ͘ϭ Ϭ͘ϱ ф ф ф ф х х
Ϭ͘Ϭ Ϭ͘Ϭ Ϯϳ͘ϭ Ͳϭ͘ϴ ϭϰ͘ϵ ϮϮ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϰ ϭϮ͘ϯ ϭ͘ϴ Ϭ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ ϭϭ͘ϭ Ϯ͘ϭ Ϭ͘ϱ ф ф ф ф х х
ϲϰ͘Ϭ Ͳϱ͘ϳ ϱϬ͘ϭ ϱϭ͘ϱ ϳ͘ϲ ϭϬ͘ϵ Ϭ͘ϭ ϳ͘ϭ Ϭ͘Ϯ Ϭ͘ϰ ϭ͘ϱ Ϭ͘ϱ Ϭ͘ϭ ϳ͘ϴ Ϭ͘Ϭ Ϭ͘ϱ ϭ͘ϳ Ϭ͘ϱ ф х ф х х х
ϱϯ͘ϯ Ͳϰ͘ϴ ϯϬ͘ϲ ϰϯ͘ϳ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϯ ϲ͘Ϯ Ϭ͘ϰ Ϭ͘ϱ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϯ ϲ͘ϴ Ϭ͘Ϯ Ϭ͘ϱ Ϭ͘Ϭ Ϭ͘Ϭ ф х ф х ф ф
ϰϳϭ͘ ϮϮϬ͘ Ϯϳϳ͘ ϮϰϬ͘ ϯϱϳ͘
ϲϬ͘ϱ Ϭ͘Ϭ Ϭ͘ϯ Ϭ͘Ϯ Ϭ͘ϯ Ϭ͘Ϯ ϭ͘ϭ Ϭ͘Ϭ Ϭ͘ϯ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘ϭ х ф ф ф ф ф
ϵ ϱ ϳ ϳ Ϯ
ϯϲϬ͘ ϭϴϮ͘ ϮϬϱ͘ ϭϳϲ͘ Ϯϴϳ͘
ϰϯ͘Ϭ Ϭ͘ϭ Ϭ͘Ϯ Ϭ͘Ϭ Ϭ͘ϰ Ϭ͘Ϯ ϭ͘ϯ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ ф ф ф ф ф ф
ϳ Ϭ ϲ ϲ ϵ
ϯϯϬ͘ ϭϯϴ͘ ϮϬϱ͘ ϭϳϳ͘ Ϯϯϰ͘
ϰϳ͘ϵ Ϭ͘ϭ Ϭ͘ϯ Ϭ͘Ϭ Ϭ͘ϰ Ϭ͘Ϯ Ϭ͘ϴ Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘ϯ ф ф ф ф ф ф
ϭ ϲ ϱ Ϭ ϲ
Ϭ͘Ϭ Ϭ͘Ϭ ϱϯ͘ϯ Ͳϰ͘ϵ ϯϬ͘ϱ ϰϯ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ ϱ͘ϴ Ϭ͘ϲ Ϭ͘ϲ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ ϰ͘ϭ Ϭ͘ϯ Ϭ͘ϴ ф ф ф ф ф х
ϯϯϬ͘ ϭϯϴ͘ ϭϱϮ͘ ϭϴϮ͘ ϮϬϰ͘
ϰ͘ϲ Ϭ͘ϭ Ϭ͘ϯ Ϭ͘ϭ Ϭ͘ϱ Ϭ͘Ϯ ϭϰ͘ϯ Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘Ϭ ϰ͘ϯ ф ф ф ф ф ф
Ϭ ϳ ϭ Ϭ ϭ
ϭϰ͘ϵ ϮϮ͘ϱ Ϭ͘Ϭ Ϭ͘Ϭ Ϯϳ͘ϭ Ͳϭ͘ϴ ϭ͘ϱ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϲ ϴ͘ϱ ϭ͘Ϭ Ϭ͘Ϯ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϯ ϱ͘ϴ ф х ф ф ф ф
ϯϭϱ͘ ϭϭϲ͘ ϭϱϮ͘ ϭϴϮ͘ ϭϳϲ͘
ϲ͘ϲ Ϭ͘Ϯ Ϭ͘ϰ Ϭ͘ϭ Ϭ͘ϱ Ϭ͘ϭ ϳ͘ϲ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘Ϭ ϭ͘ϰ ф ф ф ф ф ф
Ϭ ϰ ϭ Ϯ ϵ
Ϯϲϭ͘ ϭϮϭ͘ ϭϮϭ͘ ϭϯϴ͘ ϭϳϲ͘
ϲ͘ϴ Ϭ͘ϭ Ϭ͘Ϯ Ϭ͘ϭ Ϭ͘ϱ Ϭ͘ϭ ϳ͘ϰ Ϭ͘Ϭ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘Ϭ ϭ͘ϯ ф ф ф ф ф ф
ϰ ϭ ϯ Ϯ ϵ
ϯϬ͘ϵ ϰϰ͘Ϯ Ϯϲ͘ϲ ͲϮ͘ϲ ϲϴ͘ϴ ϭϲ͘ϱ Ϭ͘ϯ Ϭ͘ϰ Ϭ͘Ϯ ϳ͘ϰ Ϭ͘Ϯ Ϭ͘ϱ Ϭ͘Ϭ Ϭ͘ϰ Ϭ͘Ϯ ϱ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ ф ф ф ф ф ф
Ϭ͘Ϭ Ϭ͘Ϭ Ϯϲ͘ϲ ͲϮ͘ϯ ϭϰ͘ϳ Ϯϭ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ ϴ͘ϰ ϭ͘ϲ Ϭ͘ϱ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ ϱ͘ϲ ϭ͘Ϭ Ϭ͘ϳ ф ф ф ф ф х
ϯϬ͘ϵ ϰϰ͘ϱ Ϭ͘Ϭ Ϭ͘Ϭ ϱϰ͘ϭ Ͳϰ͘ϳ Ϭ͘ϯ Ϭ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϭ ϰ͘ϭ Ϭ͘Ϭ Ϭ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϯ ϯ͘Ϭ ф ф ф ф х ф
Ϯϭϱ͘ ϭϰϭ͘
ϱϰ͘ϲ ϵϰ͘ϲ ϴϭ͘Ϭ Ͳϳ͘ϲ Ϭ͘ϯ Ϭ͘ϴ Ϭ͘ϭ Ϭ͘ϲ Ϭ͘ϭ ϯ͘ϳ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϯ͘Ϭ ф ф ф ф ф ф
ϱ Ϯ
ϭϮϲ͘
ϲϬ͘ϱ ϰϱ͘Ϯ ϲϲ͘ϵ ϴϬ͘ϵ Ͳϳ͘Ϯ Ϭ͘Ϯ Ϭ͘ϭ Ϭ͘ϭ Ϭ͘ϲ Ϭ͘ϭ ϯ͘ϵ Ϭ͘ϭ Ϭ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϯ͘Ϭ ф х ф ф ф ф
ϰ
ϰϱ͘ϲ ϲϲ͘Ϯ Ϭ͘Ϭ ͲϬ͘ϯ ϴϬ͘ϵ Ͳϲ͘ϵ Ϭ͘ϯ Ϭ͘ϱ Ϭ͘Ϭ Ϯ͘Ϭ Ϭ͘ϭ ϰ͘ϭ Ϭ͘ϴ Ϭ͘ϳ Ϭ͘Ϭ Ϯ͘Ϭ Ϭ͘Ϭ Ϯ͘Ϭ х х ф ф ф ф
ϭϰ͘ϳ ϮϮ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϯϲ͘ϴ Ͳϭ͘ϵ Ϭ͘ϴ Ϭ͘ϯ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ ϲ͘Ϭ ϭ͘ϱ Ϭ͘ϲ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϰ Ϯ͘ϲ х х ф ф х ф
ϯϬ͘ϵ ϰϰ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ ϱϰ͘ϭ Ͳϰ͘ϳ Ϭ͘Ϭ Ϭ͘ϱ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϯ ϯ͘ϱ Ϭ͘ϰ Ϭ͘ϳ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϯ ϭ͘ϳ х х ф ф ф ф
ϭϭϬ͘
ϯϵ͘ϴ ϳϭ͘ϵ ϲϱ͘ϱ ϲϵ͘ϭ ϭϴ͘ϵ Ϭ͘Ϯ ϭ͘Ϯ Ϭ͘ϱ Ϭ͘ϭ Ϭ͘ϯ Ϭ͘ϰ Ϭ͘Ϯ ϭ͘ϰ Ϭ͘ϯ Ϭ͘Ϯ Ϭ͘ϰ Ϭ͘ϯ ф х ф х х ф
ϴ
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̴ܸଵ
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ێ ̴ܸଵ ۑ
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ܲ ێ̴ଵିଶ ൌ ܴ݈݁ܽ൫̴ܵଵିଶ ൯ ۑ
ܳێ ۑ
̴ଵିଶ ൌ ݃ܽ݉ܫ൫̴ܵଵିଶ ൯
ێ ۑ
݄ሺݔሻ ൌ ܲ ێ̴ଵିଶ ൌ ܴ݈݁ܽ൫̴ܵଵିଶ ൯ ۑ
ܳ ێ̴ଵିଶ ൌ ݃ܽ݉ܫ൫̴ܵଵିଶ ൯ ۑ
ێ ۑ
ܲ ൌ ܴ݈݁ܽ൫̴ܵଵିଶ ൯
ێ̴ଵିଶ ۑ
ܳ ێ̴ଵିଶ ൌ ݃ܽ݉ܫ൫̴ܵଵିଶ ൯ ۑ
ێ ǤǤ ۑ
ێ Ǥ ۑ
ێ Ǥ ۑ
ܲ ێ̴ି ൌ ܴ݈݁ܽ൫̴ܵି ൯ ۑ
ܳێ ۑ
̴ି ൌ ݃ܽ݉ܫ൫̴ܵି ൯
ێ ۑ
ܲ ێ̴ି ൌ ܴ݈݁ܽ൫̴ܵି ൯ ۑ
ܳێ̴ି ൌ ݃ܽ݉ܫ൫̴ܵି ൯ۑ
ێ ۑ
ܲ ൌ ܴ݈݁ܽ൫̴ܵି ൯
ێ̴ି ۑ
ܳ ۏ̴ି ൌ ݃ܽ݉ܫ൫̴ܵି ൯ ے
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Ta Tb Tc Tam Tbm Tcm
§ wSa B · § wSa B · § wSa B · § wSa B · § wSa B · § wSa B ·
Pa B real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wSa B · § wSa B · § wSa B · § wSa B · § wSa B · § wSa B ·
Qa B _ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸_
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wSb B · § wSb B · § wSb B · § wSb B · § wSb B · § wSb B ·
Pb B _ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸_
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wSb B · § wSb B · § wSb B · § wSb B · § wSb B · § wSb B ·
Qb B _ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸_
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wS · § wS · § wS · § wS · § wS · § wS ·
Pc B _ real ¨ c B ¸ real ¨ c B ¸ real ¨ c B ¸ real ¨ c B ¸ real ¨ c B ¸ real ¨ c B ¸ _
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wS · § wS · § wS · § wS · § wS · § wS ·
Qc B _ imag ¨ c B ¸ imag ¨ c B ¸ imag ¨ c B ¸ imag ¨ c B ¸ imag ¨ c B ¸ imag ¨ c B ¸ _
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
H wS
wT
§ wSa B n m · § wSa B n m · § wSa B n m · § wS · § wS · § wS ·
Pa B n m _ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ a B n m ¸ real ¨ a B n m ¸ real ¨ a B n m ¸ _
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wSa B n m · § wSa B n m · § wSa B n m · § wSa B n m · § wSa B n m · § wSa B n m ·
Qa B n m _ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸_
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m ·
Pb B n m _ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸_
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m ·
Qb B n m _ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸_
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wS B · § wS B · § wS B · § wS B · § wS B · § wS B ·
Pc B n m _ real ¨ c n m ¸ real ¨ c n m ¸ real ¨ c n m ¸ real ¨ c n m ¸ real ¨ c n m ¸ real ¨ c n m ¸ _
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
§ wS · § wS · § wS · § wSc B n m · § wSc B n m · § wSc B n m ·
Qc B n m imag ¨ c B n m ¸ imag ¨ c B n m ¸ imag ¨ c B n m ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸
© wT a ¹ © wTb ¹ © wTc ¹ © wT am ¹ © wTbm ¹ © wTcm ¹
F
ϴϮ
Va Vb Vc Vam Vbm Vcm
§ wSa B · § wSa B · § wSa B · § wSa B · § wSa B · § wSa B ·
Pa B real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wSa B · § wSa B · § wSa B · § wSa B · § wSa B · § wSa B ·
Qa B _ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸_
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wSb B · § wSb B · § wSb B · § wSb B · § wSb B · § wSb B ·
Pb B _ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸_
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wSb B · § wSb B · § wSb B · § wSb B · § wSb B · § wSb B ·
Qb B _ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸_
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wS · § wS · § wS · § wS · § wS · § wS ·
Pc B _ real ¨ c B ¸ real ¨ c B ¸ real ¨ c B ¸ real ¨ c B ¸ real ¨ c B ¸ real ¨ c B ¸ _
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wS · § wS · § wS · § wS · § wS · § wS ·
Qc B _ imag ¨ c B ¸ imag ¨ c B ¸ imag ¨ c B ¸ imag ¨ c B ¸ imag ¨ c B ¸ imag ¨ c B ¸ _
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
H wS
wV
§ wSa B n m · § wSa B n m · § wSa B n m · § wS · § wS · § wS ·
Pa B n m _ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ a B n m ¸ real ¨ a B n m ¸ real ¨ a B n m ¸ _
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wSa B n m · § wSa B n m · § wSa B n m · § wSa B n m · § wSa B n m · § wSa B n m ·
Qa B n m _ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸_
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m ·
Pb B n m _ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸ real ¨ ¸_
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m · § wSb B n m ·
Qb B n m _ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸_
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wS B · § wS B · § wS B · § wS B · § wS B · § wS B ·
Pc B n m _ real ¨ c n m ¸ real ¨ c n m ¸ real ¨ c n m ¸ real ¨ c n m ¸ real ¨ c n m ¸ real ¨ c n m ¸ _
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
§ wS · § wS · § wS · § wSc B n m · § wSc B n m · § wSc B n m ·
Qc B n m imag ¨ c B n m ¸ imag ¨ c B n m ¸ imag ¨ c B n m ¸ imag ¨ ¸ imag ¨ ¸ imag ¨ ¸
© wVa ¹ © wVb ¹ © wVc ¹ © wVam ¹ © wVbm ¹ © wVcm ¹
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HQ&<0',67WDQWRHQODFRQVRODFRPRHQHOHGLWRUSDUDORFXDOHVSULPRUGLDOGLVSRQHU
GHODOLFHQFLDGH&<0',67FRQHOPyGXORGHSURJUDPDFLyQDFWLYDGRFDEHPHQFLRQDU
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GHVLPXODFLyQHVWXGLRRUHGHOpFWULFD\KHUUDPLHQWDVGHIXQFLRQHV(QHVWDVHFFLyQ
~QLFDPHQWHVHDQDOL]DUiQORVPyGXORVGHHVWXGLRVLPXODFLyQ\QXPHUDFLyQ
(QOD)LJXUDVHREVHUYDHODFFHVRDOPyGXORGHHVWXGLR\DODIXQFLyQ³*HW'HYLFH´
DWUDYpVGHHVWDIXQFLyQVHSXHGHDVLJQDUXQREMHWRGHODUHGGHHVWXGLRDXQDYDULDEOH
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OLQHDPLHQWRGHORVSDUiPHWURVQHFHVDULRVSDUDHMHFXWDUODIXQFLyQHVDVtTXHHQHVWD
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)LJXUD$FFHVRDO0yGXORGH(VWXGLR\$VLJQDFLyQGHXQ(OHPHQWRGHOD5HGDXQD
9DULDEOH
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HOPLVPRTXHDSDUHFHGHVSXpVGHGDUGREOHFOLFVREUHHOHOHPHQWRHQOD)LJXUDVH
VHxDODHQGRQGHVHHQFXHQWUDQODVSURSLHGDGHV³'HYLFH1XPEHU´\³'HYLFH7\SH´GHO
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VLJXLHQWHVOtQHDVGHFyGLJR
dev=cp.study.GetDevice('340871_MTA',cp.enums.DeviceType.OverheadByPhase)
dev=cp.study.GetDevice('340871_MTA',cp.enums.DeviceType. SpotLoad)
3RUHOPRPHQWRDODYDULDEOH³GHY´VHDVLJQDUiXQDOtQHDDpUHDGHFRQILJXUDFLyQGHIDVH
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$KRUDELHQODYDULDEOH³GHY´VHFRQYLHUWHHQHOHOHPHQWRGHODUHGSRUORFXDOHVWDYDULDEOH
KHUHGDWRGDVVXVSURSLHGDGHVHVDVtTXHVLGHVHDVDEHUODORQJLWXGGHHVWDOtQHDH[LVWHQ
GRVPpWRGRVHOSULPHURGLUHFWDPHQWHFRQODVSURSLHGDGHVKHUHGDGHVGHOHOHPHQWR\HO
VHJXQGRFRQODIXQFLyQ³4XHU\,QIR´
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HMHPSORDODSURSLHGDG³/HQJWK´VHUtDODVLJXLHQWH
GHY*HW9DOXH
/HQJWK
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cp.study.QueryInfo('Length', dev, 5)
(OQ~PHUR³´KDFHUHIHUHQFLDDODFDQWLGDGGHGHFLPDOHVFRQORVFXDOHVVHGHVHDREWHQHU
ODORQJLWXGGHODOtQHD
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SULPHUDRSFLyQVHREWLHQHQPHGLDQWHODHMHFXFLyQGHOVLJXLHQWHFRPDQGR
cp.Describe('OverheadByPhase')
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(OUHVXOWDGRGHHVWHFyGLJRVHUiXQOLVWDGRFRQODVSURSLHGDGHVDFFHVLEOHVGHODOtQHD
FSVWXG\4XHU\,QIR
/LQH5D
GHY
VHSURFHGHGHLJXDOPDQHUDFRQODUHDFWDQFLDGHODIDVH³%´
FSVWXG\4XHU\,QIR
/LQH;E
GHY
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FXDOTXLHUWLSRGHHOHPHQWRHVWiQGLVSRQLEOHVHQODEDUUDGHPHQ~&XVWRPL]H.H\ZRUGV
(QHVWHPHQ~VHDEUHXQDQXHYDYHQWDQDHQGRQGHVHHQFXHQWUDQWRGDVODVSURSLHGDGHV
DODVFXDOHVVHSXHGHDFFHGHUPHGLDQWHODIXQFLyQ4XHU\,QIR
$KRUDELHQH[LVWHODSRVLELOLGDGGHFUHDUXQDOLVWDFRQWRGRVORVHOHPHQWRVGHFDGDWLSR
SRUHMHPSORXQDOLVWDGHWRGDVODVOtQHDVFDUJDVWUDQVIRUPDGRUHVQRGRVHWFGHOVLVWHPD
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GHGLVWULEXFLyQSDUDHVWHILQVHDVLJQDUiDODYDULDEOH³GHYBV´WRGRVORVWUDQVIRUPDGRUHV
GHXQVLVWHPDGLJLWDQGRORVLJXLHQWH
dev_s=cp.study.ListDevices(cp.enums.DeviceType.Transformer)
(ODFFHVRDORVHOHPHQWRVGHHVWDOLVWDVHORWDO FRPRVLVHWUDWDUDGHXQDOLVWDFRP~Q
FUHDGDHQ3\WKRQFRQODSDUWLFXODULGDGGHTXHFDGDHOHPHQWRHQHVWDOLVWDSRVHHFLHUWDV
SURSLHGDGHV D ODV TXH VH SXHGH DFFHGHU PHGLDQWH 4XHU\,QIR DVL SRU HMHPSOR SDUD
DVLJQDUHOHOHPHQWR³´GHODOLVWDDODYDULDEOH³GHY´VHHMHFXWDORVLJXLHQWH
dev=dev_s[9]
&DEH PHQFLRQDU TXH ODV OLVWDV HQ 3\WKRQ LQLFLDQ GHVGH HO tQGLFH ³´ GH DKt TXH HQ HO
FyGLJRDQWHULRUHOHOHPHQWR³´VHORLQGH[DFRQ³´
6L VH GHVHD DFFHGHU SRU HMHPSOR D OD SURSLHGDG ³3RWHQFLD 1RPLQDO´ GHO HOHPHQWR
DVLJQDGRDODYDULDEOHGHYVHORUHDOL]DPHGLDQWHODVVLJXLHQWHVOtQHDV
cp.study.QueryInfo('XfoKVANom', dev)
$FRUGH D OR PHQFLRQDGR DQWHULRUPHQWH ODV SDODEUDV FODYHV GH FDGD HOHPHQWR VH ODV
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GRQGH VH HVFULED HO SURJUDPD GH WDO PDQHUD TXH QR VHD QHFHVDULR HVFULELU HO FyGLJR
GHVSXpV GH FDGD HMHFXFLyQ SDUD HVWR VH DFFHGH D HVWH HGLWRU PHGLDQWH HO PHQ~ )LOH
7RROV3\WKRQ(GLWRU
8QDYH]DELHUWRHOHGLWRUGHFyGLJR3\WKRQWDOFRPRVHPXHVWUDHQOD)LJXUDVHHVFULEH
XQSHTXHxRSURJUDPDHQGRQGHVHDVLJQDORVSDUiPHWURVGHORQJLWXG\UHDFWDQFLDLQGXFWLYD
GHODIDVH³E´GHODVOtQHDVDpUHDVFRQILJXUDFLyQSRUIDVH
ϵϬ
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HQODIDVH³D´GHODVOtQHDVDpUHDVHVWHFyGLJRVHSXHGHDSUHFLDUHQOD)LJXUD
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LQIRUPDFLyQGHOSDTXHWH
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9DPNYROWDMH9EPOYROWDMH9FP
wQbn
imag 9DQ
9EQ
=DE
,
VLQD9EQFRVD9EQ
VLQD9DQ,
FRVD9DQ
waVan
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