Detaylı kullanım talimatları kullanım kılavuzunun içindedir.
[. . . ] 4 0RQLW|UoDO×ŕW×UPD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 *|UQWQQ(Qī\L'XUXPD*HWLULOPHVL 10 6PDUW, PDJH. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [. . . ] (NUDQGDNL6PDUW, PDJHJ|UQWVVDQL\H HNUDQGDNDODFDNW×UYH\D´7DPDPµWXŕXQD EDVDUDNRQD\OD\DELOLUVLQL]
6PDUW, PDJH|]HO|QF3KLOLSVWHNQRORMLVLROXS 4. 6PDUW, PDJHHWNLQOHŕWLULOGLĚLQGHV5*%ŕHPDV× HNUDQ×Q×]GDJ|VWHULOHQLoHULĚLDQDOL]HGHU6HoWLĚLQL] RWRPDWLNRODUDNHQJHOOHQLUV5*%·\LNXOODQPDN VHQDU\R\DEDĚO×RODUDNJ|VWHULOHQLoHULĚLL\LOHŕWLUPHN LoLQ6PDUW, PDJH·×PRQLW|UQ]Q|QN×VP×QGDQ LoLQ6PDUW, PDJHNRQWUDVW×UHQNGR\JXQOXĚXQXYH GĚPHVLLOHHQJHOOHPHOLVLQL] J|UQWOHULGLQDPLNRODUDNJHOLŕWLULU²WDPDP×WHN ELUGĚPH\HEDV×ODUDNJHUoHN]DPDQO×\DS×OPDNWDG×U $ŕDĚ×LQPHNLoLQ WXŕXQXNXOODQPDQ×QG×ŕ×QGD GĚPHOHULQHEDVDUDNVHoLP\DSDELOLUYH´7DPDPµ DEDVDUDNVHoLPLRQD\OD\DELOLUYH6PDUW, PDJH 26'·\LNDSDWDELOLUVLQL]
10
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
6HoHELOHFHĚLQL]DOW×PRGYDUG×U2IILFH2ILV3KRWR )RWRĚUDI0RYLH)LOP*DPH2\XQ(FRQRP\ (NRQRPLYH2II. DSDO×
(FRQRP\(NRQRPL%XSURÀOGHSDUODNO×N YHNRQWUDVWD\DUODQ×UYHJQONRÀV X\JXODPDODU×Q×QGRĚUXJ|VWHULOPHVLYHGDKDD] JoWNHWLPLLoLQD\G×QODWPDLQFHD\DU×\DS×O×U 2II. DSDO×6PDUW, PDJHLOHRSWLPL]DV\RQ\RN
6PDUW&RQWUDVW %XQHGLU" *|VWHULOHQLoHULĚLGLQDPLNRODUDNDQDOL]HGHQYH D]DPLJ|UVHOQHWOLNYHNH\LIOLJ|UQWOHPHLoLQ PRQLW|UQQNRQWUDVWRUDQ×Q×RWRPDWLNRODUDN RSWLPL]HHGHQHŕVL]WHNQRORMLQHWNHVNLQYH SDUODNJ|UQWHOGHHWPHNLoLQ×ŕ×Ě×DUW×U×U\DGD J|UQWOHULNR\XDUNDSODQGDQHWJ|VWHUPHNLoLQ ×ŕ×Ě×GŕUU 1H\HLKWL\DF×PYDU" 2IÀFH2ÀV0HWQLJHOLŕWLULUYHSDUODNO×Ě× GŕUHUHNRNXQDELOLUOLĚLDUW×U×UYHJ|] \RUXOPDV×Q×GŕUU+HVDSoL]HOJHVL3') GRV\DODU×WDUDQDQGRV\DODUYH\DGLĚHUJHQHORÀV X\JXODPDODU×LOHoDO×ŕ×UNHQEXPRGRNXQDELOLUOLĚL YHUHWNHQOLĚL|QHPOLRUDQGDDUW×U×U 3KRWR)RWRĚUDI%XSURÀOUHQNGR\JXQOXĚXQX GLQDPLNNRQWUDVW×YHQHWOLNL\LOHŕWLUPHVLQL ELUOHŕWLUHUHNIRWRĚUDÁDU×YHGLĚHUJ|UQWOHUL FDQO×UHQNOHULOHELUOLNWHPNHPPHOQHWOLN VDĚOD\DFDNŕHNLOGHJ|VWHULU²KLoELULQGH\DSD\ YHVROJXQUHQN\RNWXU 0RYLH)LOP$UWDQSDUODNO×NGHULQUHQN GR\JXQOXĚXGLQDPLNNRQWUDVWYHNHVNLQQHWOLN SDUODNDODQODUGDNLUHQN\×NDPDODU×ROPDGDQ YLGHRODU×Q×]×QNR\XE|OJHOHULQGHNLKHUD\U×QW×\× J|VWHUHUHNVRQYLGHRJ|VWHULPLLoLQGLQDPLN GRĚDOGHĚHUOHULVDĚODU *DPH2\XQ(QL\L\DQ×WVUHVLLoLQK×]O×VUŕ GHYUHVLQLDo×QHNUDQGDK×]O×KDUHNHWHGHQ QHVQHOHULoLQoHQWLNOLNHQDUODU×D]DOW×QSDUODNYH NDUDQO×NŕHPDLoLQNRQWUDVWRUDQ×Q×L\LOHŕWLULQ EXSURÀOR\XQFXODULoLQHQL\LR\XQGHQH\LPLQL VXQDU +HUWULoHULNLoLQHQL\LJ|UVHOQHWOLNYH J|UQWOHPHUDKDWO×Ě×LVWL\RUVXQX]6PDUW&RQWUDVW NRQWUDVW×GLQDPLNRODUDNNRQWUROHGHUYHQHW NHVNLQSDUODNR\XQR\QDPDYHYLGHRJ|UQWOHPH LoLQ×ŕ×Ě×D\DUODU\DGDRILVLŕLLoLQPHWLQOHULQHWYH RNXQDELOLUJ|VWHULU0RQLW|UQ]QJoWNHWLPLQL GŕUHUHNHQHUMLPDOL\HWOHULQL]LGŕUUYH PRQLW|UQ]Q|PUQX]DW×UV×Q×] 1DV×OoDO×ŕ×U" 6PDUW&RQWUDVW·×HWNLQOHŕWLUGLĚLQL]GHUHQNOHUL D\DUODPDNYH×ŕ×N\RĚXQOXĚXQXNRQWUROHWPHNLoLQ J|VWHUGLĚLQL]LoHULĚLJHUoHN]DPDQO×RODUDNDQDOL] HGHU%XLŕOHYYLGHRL]OHUNHQYH\DR\XQR\QDUNHQ PXKWHŕHPHĚOHQFHGHQH\LPLLoLQNRQWUDVW×GLQDPLN RODUDNDUW×U×U
11
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
6PDUW6DWXUDWH %XQHGLU" 6PDUWWHNQRORMLVLUHQNGR\JXQOXĚXQXNRQWURO HGHU²HNUDQUHQNOHULQGHQELULNRPŕXUHQNOHULOH KDUPDQODQ×U²YLGHRODU×L]OHUNHQGDKDID]ODHĚOHQFH LoLQ]HQJLQYHFDQO×J|UQWOHUVXQDU 1H\HLKWL\DF×PYDU" )RWRĚUDIODU×YH\DYLGHRODU×L]OHUNHQGDKDID]OD HĚOHQFHLoLQ]HQJLQFDQO×J|UQWOHULVWL\RUVXQX] 1DV×OoDO×ŕ×U" 6PDUW6DWXUHHNUDQ×Q×]×Q0RYLH)LOPYH\D *DPH2\XQPRGXQGDJ|UQW\DGDYLGHR L]OHGLĚLQL]GHGDKDID]ODHĚOHQFHLoLQ]HQJLQYHFDQO× ELUHNUDQVXQPDN]HUHUHQNGR\JXQOXĚXHNUDQ UHQJLQLQNRPŕXUHQNOHUOHKDUPDQODQG×Ě×GHUHFH\H JHOPHVLQLGLQDPLNRODUDNNRQWUROHGHU2IILFH2ILV X\JXODPDV×Q×QVWNDOLWHGHJ|VWHULPLYH(FRQRP\ (NRQRPLPRGXQGDJoWNHWLPLQLD]DOWPDNLoLQ NDSDW×O×U
6PDUW6KDUSQHVV %XQHGLU" (QVRQJ|UQWSHUIRUPDQV×DOPDQ×]JHUHNWLĚLQGH YHYLGHRODU×\DGDIRWRĚUDIODU×L]OHUNHQGDKDID]OD HĚOHQPHNLVWHGLĚLQL]GH6PDUWWHNQRORMLVLQHWOLĚL DUW×U×U 1H\HLKWL\DF×PYDU" )RWRĚUDIODU×YH\DYLGHRODU×L]OHUNHQGDKDID]OD HĚOHQFHLoLQHQL\LQHWOLĚLLVWL\RUVXQX] 1DV×OoDO×ŕ×U" 0RYLH)LOPYH\D*DPH2\XQPRGXQGDHQ VRQJ|UQWSHUIRUPDQV×Q×DOPDQ×]JHUHNWLĚLQGH YHYLGHRODU×\DGDIRWRĚUDIODU×L]OHUNHQGDKDID]OD HĚOHQPHNLVWHGLĚLQL]GH6PDUWWHNQRORMLVLQHWOLĚL DUW×U×U2IILFH2ILVX\JXODPDODU×Q×QVWNDOLWHGH J|VWHULPLYH(FRQRP\(NRQRPLPRGXQGDJo WNHWLPLQLD]DOWPDNLoLQNDSDW×O×U
12
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
3KLOLSV6PDUW&RQWURO3UHPLXP <HQL3KLOLSV6PDUW&RQWURO3UHPLXP\D]×O×P× HNUDQJUDILNDUDELULPLQLQNROD\NXOODQ×P×VD\HVLQGH PRQLW|UQ]NRQWUROHWPHQL]LVDĚODU%X NXOODQ×F×GRVWX\D]×O×Po|]QUONLQFHD\DU×5HQN NDOLEUDV\RQX6DDW)D]D\DUODU×5*%%H\D]QRNWD D\DU×YELQGHVL]L\|QOHQGLUHFHĚLQGHQNDUPDŕ×N D\DUODUDUW×NJHoPLŕWHNDOG× +×]O×LŕOHPYH\DQ×WYHUPHLoLQoHNLUGHNDOJRULWPDGD VRQWHNQRORML\OHGRQDW×OP×ŕEX:LQGRZVX\XPOX J|]DO×F×DQLPDV\RQOX6LPJHWDEDQO×\D]×O×P3KLOLSV PRQLW|UOHUOHGHQH\LPLQL]LDUW×UPD\DKD]×UG×U . XUXOXP 7DOLPDWODU×L]OH\LQYHNXUXOXPXWDPDPOD\×Q . XUXOXPWDPDPODQG×NWDQVRQUDEDŕODWDELOLUVLQL] 'DKDVRQUDEDŕODWPDNLVWL\RUVDQ×] PDVDVWQGHNLYH\DDUDooXEXĚXQGDNLN×VD\ROD W×NODPDO×V×Q×]
īONEDŕODWPD6LKLUED] 6PDUW&RQWURO3UHPLXP·\LNXUGXNWDQVRQUDLON NH]EDŕODWW×Ě×Q×]GDRWRPDWLNRODUDN6LKLUED]D JLGHFHNWLU 6LKLUED]PRQLW|UQ]QSHUIRUPDQV×Q×DG×P DG×PD\DUODPDNLoLQN×ODYX]ELOJLYHUHFHNWLU 6LKLUED]×GDKDVRQUDEDŕODWPDNLoLQHNOHPHOHU PHQVQHJLGHELOLUVLQL] 6WDQGDUWSHQFHUHGHQVLKLUED]\RNNHQGDKD ID]ODVHoHQHND\DUOD\DELOLUVLQL]
13
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
6WDQGDUWSHQFHUHGHQEDŕODW $\DUPHQV $GMXVW$\DU0HQV%ULJKWQHVV3DUODNO×Ě× &RQWUDVW. RQWUDVW×)RFXV2GDĚ×3RVLWLRQ . RQXPXYH5HVROXWLRQd|]QUOĚ D\DUODPDQ×]DRODQDNVDĚODU 7DOLPDWODU×L]OH\HELOLUYHD\DU\DSDELOLUVLQL] &DQFHO. XUXOXPXLSWDOHWPHNLVWL\RUVDQ×] NXOODQ×F×X\DU×ODU×Q×LSWDOHGLQ
14
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
5HQNPHQV &RORU0HQX5HQN0HQV5*%%ODFN /HYHO6L\DK6HYL\HVL:KLWH3RLQW%H\D] 1RNWD'LVSOD\*DPPD(NUDQ*DPPD &RORU&DOLEUDWLRQ5HQN. DOLEUDV\RQXYH 6PDUW, PDJH·×D\DUODPDQ×]DRODQDNVDĚODU /WIHQ6PDUW, PDJHE|OPQHEDN×Q×] 7DOLPDWODU×L]OH\HELOLUYHD\DU\DSDELOLUVLQL] *LULŕLQL]HEDĚO×RODUDNDOWPHQ|ĚHVLLoLQ DŕDĚ×GDNLWDEOR\DEDN×Q×] &RORU&DOLEUDWLRQ5HQN. DOLEUDV\RQXLoLQ gUQHN
1. ´6KRZ0Hµ´%DQD*|VWHUµUHQNNDOLEUDV\RQX HĚLWLPLQHEDŕODU 2. 6WDUW%DŕODW²DG×PO×UHQNNDOLEUDV\RQX V×UDV×Q×EDŕODW×U 3. 4XLFN9LHZ+×]O×*|UQWOHPHJ|UQWOHUGHQ |QFHVRQUD\NOHU 4. &RORU5HQNDQDSHQFHUHVLQHG|QPHNLoLQ &DQFHOīSWDOGĚPHVLQHW×NOD\×Q 5. 5HQNNDOLEUDV\RQXQXHWNLQOHŕWLULU²YDUVD\×ODQ RODUDNDo×NW×U(ĚHULŕDUHWOLGHĚLOVHUHQN NDOLEUDV\RQXQXQROPDV×QDRODQDNVDĚODPD] EDŕODWPDYHK×]O×J|UQWOHPHGĚPHOHULQL NDUDUW×U 6. . DOLEUDV\RQHNUDQ×QGDSDWHQELOJLVLQHVDKLS ROPDO×V×Q×] 15
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
īONUHQNNDOLEUDV\RQHNUDQ×
(&23RZHU
īNLQFLUHQNHNUDQ×HQJHOOHQLQFH\HNDGDU 3UHYLRXV|QFHNLGĚPHHQJHOOHQLU 6RQUDV×QGD1H[WVRQUDNLKHGHIHJLGHU KHGHI )LQDO6RQRODUDN'RV\D!3UHVHWSDQHgQ D\DUODUSHQFHUHVLQHJLGHU . XOODQ×F×$UD\]Q&DQFHOīSWDOLOHNDSDW×Q YHHNOHQWLVD\IDV×QDG|QQ
7KHIW'HWHUUHQFH3DQH+×UV×]O×N(QJHOOHPH 3HQFHUHVL\DOQ×]FDDŕDĚ×Do×O×U(NOHQWLPHQVQGHQ +×UV×]O×N(QJHOOHPH\LVHoWLĚLQL]GHHWNLQOHŕWLULOHFHNWLU
6PDUW, PDJH . XOODQ×F×Q×QLoHULĚHEDĚO×RODUDNGDKDL\LHNUDQ J|UQWVVDĚODPDV×LoLQD\DU×GHĚLŕWLUPHVLQH RODQDNVDĚODU (ĚOHQFHD\DUODQG×Ě×QGD6PDUW&RQWUDVWYH 6PDUW5HVSRQVHHWNLQOHŕWLULOLU
16
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
7KHIW'HWHUUHQFH+×UV×]O×N(QJHOOHPH\L HWNLQOHŕWLUPHNLoLQ7KHIW'HWHUUHQFH0RGH +×UV×]O×N(QJHOOHPH0RGXQX(WNLQOHŕWLUGĚPHVL W×NODW×OG×Ě×QGDDŕDĚ×GDNLHNUDQJHOLU
2SWLRQV!3UHIHUHQFHV6HoHQHNOHU! 7HUFLKOHU²<DOQ×]FDīQGLUPHOL2SWLRQ6HoHQHNOHU PHQVQGHQ3UHIHUHQFHV7HUFLKOHULVHoWLĚLQL]GH HWNLQOHŕWLULOHFHNWLU''&&, |]HOOLĚLEXOXQDQ GHVWHNOHQPH\HQELUHNUDQGD\DOQ×]FD+HOS<DUG×P . XOODQ×F×\DOQ×]FDLOHDUDV×QGDVD\×GDQROXŕDQ YH2SWLRQV6HoHQHNOHUVHNPHOHULNXOODQ×ODELOLU 3, 1·LJLUHELOLU 3, 1·LJLUGLNWHQVRQUD$FFHSW. DEXO GĚPHVLQHW×NODG×Ě×Q×]GDNXOODQ×F×VRQUDNL VD\IDGDDo×ODQLOHWLŕLPNXWXVXQDJLGHU 0LQLPXPGDNLND·HD\DUO×G×U. D\G×U×F× YDUVD\×ODQRODUDN·HD\DUO×G×U 7KHIW'HWHUUHQFH0RGH+×UV×]O×N(QJHOOHPH PRGXQDJLWPHNLoLQHNUDQ×QIDUNO×ELUDQD VLVWHPHWDN×OPDV×JHUHNPH]
3, 1ROXŕWXUGXNWDQVRQUD7KHIW'HWHUUHQFH3DQH +×UV×]O×N. RUXPDSHQFHUHVLQGH7KHIW'HWHUUHQFH (QDEOHG+×UV×]O×N. RUXPD(WNLQJ|VWHULOHFHN YH3, 12SWLRQ3, 16HoHQHNOHULGĚPHVL VDĚODQDFDNW×U 7KHIW'HWHUUHQFH(QDEOHG+×UV×]O×N6DSWDPD (WNLQJ|VWHULOHFHNWLU 7KHIW'HWHUUHQFH0RGH+×UV×]O×N(QJHOOHPH 0RGXQX'HYUH'×ŕ×%×UDNVRQUDNLVD\IDGDNL HNUDQE|OPHVLQLDoDU 3, 16HoHQHNOHULGĚPHVL\DOQ×]FDNXOODQ×F×3, 1·L ROXŕWXUGXNWDQVRQUDNXOODQ×ODELOLUGĚPH\H EDV×ODUDNJYHQLOLU3, 1ZHEVLWHVLDo×O×U
0HYFXWWHUFLKD\DUODU×Q×J|VWHULU īŕDUHWOLELUNXWX|]HOOLĚLHWNLQOHŕWLULU2QD\ NXWXVXGHĚLŕWLULOHELOLU īoHULN0HQVQPDVDVWQGHHWNLQOHŕWLU YDUVD\×ODQRODUDN$o×NNRQXPXQDJHWLULOLU īoHULĚLHWNLQOHŕWLUPHQVgQD\DU6Ho VHoHQHNOHULLoLQ6PDUW&RQWURO3UHPLXP·X YHPDVDVWQGHVDĚW×NODQDQLoHULN PHQVQGH$\DU(NUDQ×Q×J|VWHULU'HYUH'×ŕ× 6PDUW&RQWURO3UHPLXP·XVDĚW×NODWPDEDĚODP PHQVQGHQNDOG×U×U *|UHYL(WNLQOHŕWLU7HSVLVLVLPJHVLYDUVD\×ODQ RODUDN$o×N·DLŕDUHWOLGLU%DĚODPPHQVQ HWNLQOHŕWLU6PDUW&RQWURO3UHPLXPLoLQJ|UHY WHSVLVLPHQVQJ|VWHULU*|UHYWHSVLVL VLPJHVLQHVDĚW×NODQPDV×+HOS<DUG×P 7HFKQLFDO6XSSRUW7HNQLN'HVWHNLoLQ PHQVHoHQNOHULQLJ|VWHULU8SJUDGH <NVHOWPH$ERXW+DNN×QGDYH([LWd×N×ŕ·× LŕDUHWOH\LQ*|UHYLHWNLQOHŕWLUWHSVLVLPHQV HQJHOOHQGLĚLQGHJ|UHYWHSVLVLQLQVLPJHVL \DOQ×]FDd, . , Ŕ·WDJ|VWHULOHFHNWLU
17
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
5XQDW6WDUXS%DŕODQJ×o·WDdDO×ŕW×UYDUVD\×ODQ RODUDN$o×N·DD\DUO×G×U(QJHOOHQGLĚLQGH 6PDUW&RQWURO3UHPLXPEDŕODQJ×oWD\DGDJ|UHY WHSVLVLQGHEDŕODWPD\DFDNW×U6PDUW&RQWURO 3UHPLXP¶XEDŕODWPDQ×QWHN\ROXPDVDVW N×VD\ROXQGDQ\DGDSURJUDPGRV\DV×QGDQG×U %XNXWXQXQLŕDUHWLNDOG×U×OG×Ě×QGDEDŕODQJ×oWD oDO×ŕW×UPDNLoLQRODQKHUKDQJLELU|QD\DU \NOHQPH\HFHNWLU'LVDEOHG(QJHOOL ŔHIIDÁ×NPRGXQXHWNLQOHŕWLU:LQGRZV9LVWD ;39DUVD\×ODQPDWW×U
2SWLRQV!$XGLR6HoHQHNOHU!6HV²<DOQ×]FD īQGLUPHOL6HoHQHNOHUPHQVQGHQ6HV6HYL\HVLQL VHoWLĚLQL]GHHWNLQOHŕWLULOHFHNWLU ''&&, |]HOOLĚLEXOXQDQGHVWHNOHQPH\HQELU HNUDQGD\DOQ×]FD+HOS<DUG×PYH6HoHQHNOHU VHNPHOHULNXOODQ×ODELOLU
2SWLRQV!, QSXW6HoHQHNOHU!*LULŕ²<DOQ×]FD īQGLUPHOL6HoHQHNOHUPHQVQGHQ, QSXW*LULŕL 2SWLRQVHoWLĚLQL]GHHWNLQOHŕWLULOHFHNWLU''& &, |]HOOLĚLEXOXQDQGHVWHNOHQPH\HQELUHNUDQGD \DOQ×]FD+HOS<DUG×PYH6HoHQHNOHUVHNPHOHUL NXOODQ×ODELOLU'LĚHUWP6PDUW&RQWURO3UHPLXP VHNPHOHULNXOODQ×ODPD]
2SWLRQ!$XWR3LYRW6HoHQHN!2WR'ĚPHVL
. D\QDNWDOLPDWSHQFHUHVLQLYHPHYFXWJLULŕ ND\QDND\DU×Q×J|VWHULQ 7HNOLJLULŕHNUDQODU×QGDEXSHQFHUH J|UQPH\HFHNWLU
18
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
+HOS!8VHU0DQXDO<DUG×P!. XOODQ×F× (ONLWDEײ<DOQ×]FDīQGLUPHOL<DUG×PPHQVQGHQ 8VHU0HQX. XOODQ×F×(ONLWDE×Q×VHoWLĚLQL]GH HWNLQOHŕHFHNWLU''&&, |]HOOLĚLEXOXQDQ GHVWHNOHQPH\HQELUHNUDQGD\DOQ×]FD+HOS<DUG×P YH2SWLRQ6HoHQHNOHUVHNPHOHULNXOODQ×ODELOLU
īoHULĚH+DVVDVPHQ īoHULĚH+DVVDVPHQYDUVD\×ODQRODUDNHWNLQOHŕWLULOLU LoHULĚL(WNLQOHŕWLU0HQV2SWLRQ!3UHIHUHQFHV 6HoHQHNOHU!7HUFLKOHUHNUDQ×QGDHWNLQOHŕWLULOLUVH EXGXUXPGDPHQJ|UQURODFDNW×U
+HOS!9HUVLRQ<DUG×P!6UP²<DOQ×]FD īQGLUPHOL<DUG×PPHQVQGHQ9HUVLRQ6UP VHoWLĚLQL]GHHWNLQOHŕWLULOHFHNWLU''&&, |]HOOLĚL EXOXQDQGHVWHNOHQPH\HQELUHNUDQGD\DOQ×]FD +HOS<DUG×PYH2SWLRQ6HoHQHNOHUVHNPHOHUL NXOODQ×ODELOLU
īoHULN0HQVQGHG|UWJLULŕYDUG×U 6PDUW&RQWURO3UHPLXP²6HoLOGLĚLQGH$ERXW 6FUHHQ+DNN×QGD(NUDQ×J|VWHULOLU gQD\DU×6Ho²$Q×QGDNXOODQ×PLoLQND\GHGLOHQ |QD\DUODU×QKL\HUDUŕLNPHQVQVXQDU%LURQD\ LŕDUHWLPHYFXWVHoLOHQ|QD\DU×J|VWHULU)DEULND gQD\DU×GDLQGLUPHOLPHQGHQoDĚU×ODELOLU 7XQH'LVSOD\$\DU(NUDQײ6PDUW&RQWURO 3UHPLXPGHQHWLPPDVDV×Q×DoDU 6PDUW, PDJH²2DQNLD\DUODU×2IÀFH2ÀV 3KRWR)RWRĚUDI0RYLH)LOP*DPH2\XQ (FRQRP\(NRQRPL 2II. DSDO×·\×NRQWUROHGLQ
19
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
*|UHY7HSVLVL0HQV(WNLQ *|UHYWHSVLVLPHQV6PDUW&RQWURO 3UHPLXPVLPJHVLQHJ|UHYWHSVLVLQGHQVDĚW×NOD\DUDN J|VWHULOHELOLU6RO7×NODG×Ě×Q×]GDX\JXODPD\× EDŕODWDFDNW×U
*|UHY7HSVLVL0HQV(QJHOOL 7DVN7UD\*|UHY7HSVLVLWHUFLKNODV|UQGH HQJHOOHQGLĚLQGH\DOQ×]FDd, . , ŔVHoLPLNXOODQ×ODELOLU 6PDUW&RQWUROO3UHPLXP·XJ|UHYWHSVLVLQGHQ WDPDPHQo×NDUPDNLoLQ6HoHQHNOHU!7HUFLKOHU·GH dDO×ŕW×U·×GHYUHG×ŕ×E×UDN×Q 1RW %XE|OPGHNLWPUHVLPOHU\DOQ×]FDUHIHUDQV DPDF×\ODYHULOPLŕWLU6PDUW&RQWURO\D]×O×P×VUP ELOGLULPROPDGDQGHĚLŕWLULOHELOLU6PDUW&RQWURO \D]×O×P×Q×QVRQVUPQDOPDNLoLQOWIHQKHU ]DPDQZZZSRUWUDLWFRPGWXQHSKOHQXLQGH[ DGUHVLQGHNLUHVPL3RUWUDLWZHEVLWHVLQL]L\DUHWHGLQ
*|UHYWHSVLVLQGHEHŕJLULŕYDUG×U +HOS<DUG×P²8VHU0HQX. XOODQ×F×(ONLWDE× GRV\DV×QDHULŕLP9DUVD\×ODQWDUD\×F×SHQFHUHVLQL NXOODQDUDN8VHU0HQX. XOODQ×F×(ONLWDE× GRV\DV×Q×Do×Q 7HFKQLFDO6XSSRUW7HNQLN'HVWHN²WHNQLN GHVWHNVD\IDV×Q×J|VWHULU &KHFNIRU83GDWH*QFHOOHPHOHUL. RQWURO HW². XOODQ×F×\×3', īQLŕLQHJHWLULUYHPHYFXW RODQHQ\HQLVUPOHNXOODQ×F×VUPQ NDUŕ×ODŕW×U×U $ERXW+DNN×QGD²$\U×QW×O×UHIHUDQVELOJLOHULQL J|VWHULUUQVUPo×N×ŕELOJLVLYHUQDG× ([LWd×N×ŕ²6PDUW&RQWURO3UHPLXP¶XNDSDW×Q 6PDUW&RQWUROO3UHPLXP·\LWHNUDUoDO×ŕW×UPDN LoLQ3URJUDPPHQVQGHQ6PDUW&RQWUROO 3UHPLXP·\LVHoLQ\DGDPDVDVW3&·QL]HoLIW W×NOD\×QYH\DVLVWHPL\HQLGHQEDŕODW×Q
20
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
6PDUW'HVNWRS. ×ODYX]X 6PDUW'HVNWRS 6PDUW'HVNWRS6PDUW&RQWURO3UHPLXPLoLQGH \HUDO×U6PDUW&RQWURO3UHPLXP
X\NOH\LQYH 2SWLRQV
GDQ6HoHQHNOHU6PDUW'HVNWRS
×VHoLQ
3HQFHUHOHUL6UNOH\LS%×UDNPD %|OPHOHU\DS×ODQG×U×OG×Ě×QGDYH$OLJQWRSDUWLWLRQ %|OPHKL]DODVHoLOGLĚLQGHE|OPHVUNOHQHQ SHQFHUHOHURWRPDWLNRODUDNKL]DODQDFDNW×U3HQFHUH YHIDUHLPOHFLDODQ×QLoLQGH\NHQDODQYXUJXODQP×ŕ GXUXPDJHOHFHNWLU 1RW 6KRZZLQGRZVFRQWHQWVZKLOHGUDJJLQJ 6UNOHUNHQSHQFHOHULJ|VWHUVHoLOLGHĚLONHQ SHQFHUHVUNOHPHV×UDV×QGDDODQ×QG×ŕKDWODU× J|UQPH](WNLQOHŕWLUPHNLoLQ 'HQHWLP0DVDV×
QGD6LVWHP
LW×NODW×Q *HOLŕPLŕVLVWHPD\DUODU×Q×W×NODW×Q9LVWD YH:LQīŕOHWLPVLVWHPOHULLoLQVRONHQDU oXEXĚXQGDEXOXQXU 3HUIRUPDQVE|OPQGH$\DUODU
×W×NODW×Q . XWXGD6UNOHUNHQSHQFHUHLoHULNOHULQL J|VWHU
LLŕDUHWOH\LQYH7DPDP
×W×NODW×Q 'LĚHUDOWHUQDWLI\RO 9LVWD 'HQHWLP0DVDV×!. LŕLVHOOHŕWLUPH!3HQFHUH5HQJL YH*|UQP!'DKDoRNUHQNVHoHQHĚLLoLQ NODVLNJ|UQP|]HOOLNOHULQLDo×W×NODW×Q!(IHNWOHU GĚPHVLQLW×NODW×Q!6UNOHUNHQSHQFHUHLoHULĚLQL J|VWHU ;3 *|UQWg]HOOLNOHUL!*|UQP!(IHNWOHU! 6UNOHUNHQSHQFHUHLoHULĚLQLJ|VWHU
LLŕDUHWOH\LQ :LQ %DŕNDDOWHUQDWLIELU\ROEXOXQPDPDNWDG×U
$ OLJQWRSDUWLWLRQ%|OPHKL]DODRQD\NXWXVX WDQ×PO×E|OPHVUNOHQGLĚLQGHSHQFHUHQLQ RWRPDWLNKL]DODQPDV×Q×VDĚOD\DFDNW×U V LPJHVLQLW×NODWDUDNLVWHGLĚLQL]E|OPVHoLQ %|OPPDVDVWQHX\JXODQDFDNYHVLPJHVL YXUJXODQDFDNW×U , GHQWLI\WDQ×PODWDEOR\XJ|UPHQLQK×]O×ELU \ROXGXU
21
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
%DŕO×NdXEXĚX6HoHQHNOHUL 0DVDVWE|OPQHHWNLQSHQFHUHQLQEDŕO×N oXEXĚXQGDQXODŕ×ODELOLU%XGXUXPPDVDVWQ \|QHWPHQLQYHKHUKDQJLELUSHQFHUH\LVUNOH\LS E×UDNPDN]RUXQGDNDOPDGDQKHUKDQJLELUE|OPH J|QGHUPHQLQNROD\FDK×]O×ELU\ROXQXVXQDU$ŕDĚ× Do×O×UPHQ\HXODŕPDNLoLQLPOHFLHWNLQSHQFHUH EDŕO×NoXEXĚXQDJ|WUQ
1RW %LUGHQID]ODHNUDQEDĚO×\VDNXOODQ×F×E|OP GHĚLŕWLUPHNLoLQKHGHÁHQHQHNUDQ×VHoHELOLU6HoLOHQ VLPJHRV×UDGDHWNLQRODQE|OPWHPVLOHGHU , GHQWLI\3DUWLWLRQ%|OP 7DQ×POD ²0DVDVWQGHJHoHUOLE|OPHLoLQG×ŕ ×]JDUD\×J|VWHULU $ OLJQ2Q$OLJQ2II+L]DODPD$o×N+L]DODPD . DSDOײ6UNOHPHYHE×UDNPDRWRPDWLN KL]DODPD|]HOOLĚLQLHWNLQOHŕWLULUNDSDW×U ( [LWd×N×ŕ²'HVNWRS3DUWLWLRQ
×0DVDVW %|OPYH'LVSOD\7XQH
XNDSDW×U7HNUDU EDŕODWPDNLoLQEDŕODWPHQVQGHQ\DGD PDVDVWQGHQ'LVSOD\7XQH
XEDŕODW×Q
6DĚ7×NODPD0HQV $ŕDĚ×Do×O×UPHQ\J|UPHNLoLQ0DVDVW%|OP VLPJHVLQLVDĚW×NODW×Q
1. )LQG:LQGRZV3HQFHUH\H%XO²%D]× GXUXPODUGDNXOODQ×F×D\Q×E|OPHELUGHQID]OD SHQFHUHJ|QGHUHELOPHNWHGLU)LQG:LQGRZ 3HQFHUHEXOWPDo×NSHQFHUHOHULJ|VWHUHFHN YHVHoLOHQSHQFHUH\L|QHJHWLUHFHNWLU ' HVNWRS3DUWLWLRQ0DVDVW %|OP²0DVDVW%|OPRV×UDGDVHoLOL RODQE|OPJ|VWHULUYHNXOODQ×F×QDŕDĚ×Do×O×U PHQGHJ|VWHULOHQE|OPOHUGHQKHUKDQJL ELULQHoDEXFDNJHoPHVLQLVDĚODU
22
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
6RO7×NODPD0HQV 'HVNWRS3DUWLWLRQ0DVDVW%|OPVLPJHVL VUNOH\LSE×UDNPD\×JHUHNWLUPHGHQHWNLQSHQFHUH\L oDEXFDNKHUKDQJLELUE|OPHJ|QGHUPHQL]LVDĚODU )DUHQLQE×UDN×OPDV×SHQFHUH\LYXUJXODQDQE|OPH J|QGHULU
*|UHY7HSVLVL6DĚ7×NODPD %XJ|UHYWHSVLVLGHEDŕO×NoXEXĚXQGDGHVWHNOHQHQ |]HOOLNOHULQELUoRĚXQXGDLoHULUELUSHQFHUH\L RWRPDWLNRODUDNKHUKDQJLELUE|OPHJ|QGHUPH KDULo
) LQG:LQGRZV3HQFHUH\H%XO²%D]× GXUXPODUGDNXOODQ×F×D\Q×E|OPHELUGHQID]OD SHQFHUHJ|QGHUHELOPHNWHGLU)LQG:LQGRZ 3HQFHUHEXOWPDo×NSHQFHUHOHULJ|VWHUHFHN YHVHoLOHQSHQFHUH\L|QHJHWLUHFHNWLU ' HVNWRS3DUWLWLRQ0DVDVW %|OP²0DVDVW%|OPRV×UDGDVHoLOL RODQE|OPJ|VWHULUYHNXOODQ×F×QDŕDĚ×Do×O×U PHQGHJ|VWHULOHQE|OPOHUGHQKHUKDQJL ELULQHoDEXFDNJHoPHVLQLVDĚODU , GHQWLI\3DUWLWLRQ%|OP7DQ×POD² 0DVDVWQGHJHoHUOLE|OPHLoLQG×ŕ×]JDUD\× J|VWHULU $ OLJQ2Q$OLJQ2II+L]DODPD$o×N+L]DODPD . DSDOײ6UNOHPHYHE×UDNPDRWRPDWLN KL]DODPD|]HOOLĚLQLHWNLQOHŕWLULUNDSDW×U
23
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
6PDUW'HVNWRS%|OP7DQ×PODU× īVLP )XOO'HVNWRS 7DP0DVDVW $o×NODPD 7PD\DUODU×PDVDVWQQKHSVLQHX\JXODU *|UQW
9HUWLFDO'LNH\
(NUDQo|]QUOĚQGHĚHUOHQGLULUYHHNUDQ×WDPHŕLW ER\XWOXGLNH\DODQDD\×U×U LoLQGLNH\\DS×ODQG×UPD\×NRUX\XQ
<DWD\
(NUDQo|]QUOĚQGHĚHUOHQGLULUYHHNUDQ×WDPHŕLW ER\XWOX\DWD\DODQDD\DU×U LoLQ\DWD\\DS×ODQG×UPD\×NRUX\XQ
9HUWLFDO7ULSOH 'LNH\hoO
(NUDQo|]QUOĚQGHĚHUOHQGLULUYHHNUDQ×HŕLWER\XWOX oGLNH\DODQDD\DU×U
%|OP\DWD\VW%|OP\DWD\RUWD%|OP\DWD\DOW LoLQ %|OP\DWD\VW%|OP\DWD\RUWD%|OP\DWD\ DOWLoLQ 9HUWLFDO6SOLW/HIW'LNH\ (NUDQo|]QUOĚQGHĚHUOHQGLULUYHHNUDQ×LNLGLNH\ %|OPH6RO E|OPH\HD\×U×UVROWDUDIWHNE|OPHLNHQVDĚWDUDILNLHŕLW ER\XWOXDODQDE|OQU %|OPVWWH%|OPYHDOWWDLoLQ %|OPDOWWD%|OPYHVWWH (NUDQo|]QUOĚQGHĚHUOHQGLULUYHHNUDQ×LNLGLNH\ E|OPH\HD\×U×UVDĚWDUDIWHNE|OPHLNHQVROWDUDILNLHŕLW ER\XWOXDODQDE|OQU %|OPYHVWWH%|OPHDOWWD %|OPVWWH%|OPYHDOWWD
9HUWLFDO6SOLW5LJKW 'LNH\%|OPH6DĚ
24
*|UQWQQ(Qī\L'XUXPD*HWLULOPHVL
īVLP +RUL]RQWDO6SOLW7RS <DWD\%|OPHhVW
$o×NODPD (NUDQo|]QUOĚQGHĚHUOHQGLULUYHHNUDQ×LNLHŕLW\DWD\ E|OPH\HD\×U×UVWWDUDIWHNE|OPHLNHQDOWWDUDILNLHŕLW ER\XWOXDODQDE|OQU
*|UQW
%|OPVDĚWDUDIWDYH'LNH\%|OPYHVROWDUDIWD 'LNH\ %|OPVROWDUDIWDYH'LNH\%|OPYHVDĚWDUDIWD 'LNH\ +RUL]RQWDO6SOLW%RWWRP (NUDQo|]QUOĚQGHĚHUOHQGLULUYHHNUDQ×LNLHŕLW\DWD\ E|OPH\HD\×U×UDOWWDUDIWHNE|OPHLNHQVWWDUDILNLHŕLW <DWD\%|OPH$OW ER\XWOXDODQDE|OQU %|OPYHVDĚWDUDIWDYH'LNH\%|OPVROWDUDIWD 'LNH\ %|OPYHVROWDUDIWDYH'LNH\%|OPVDĚWDUDIWD 'LNH\ (NUDQo|]QUOĚQGHĚHUOHQGLULUYHHNUDQ×HŕLWER\XWOX G|UWDODQDD\DU×U
(YHQ6SOLW (ŕLW%|OPH
25
3RZHU6HQVRU
3RZHU6HQVRUTM
%XWHNQRORMLQDV×OoDO×ŕ×U" 3 RZHU6HQVRUNXOODQ×F×Q×QYDUO×Ě×Q×DOJ×ODPDN LoLQ]DUDUV×]N×]×O|WHVLVLQ\DOOHULQLOHWLPLYHDO×P× LONHVLQHJ|UHoDO×ŕ×U . XOODQ×F×Q×QD\DUODG×Ě×|QFHGHQEHOLUOHQPLŕ D\DUODUGD3DUODNO×NNRQWUDVWUHQNYENXOODQ×F× PRQLW|UQNDUŕ×V×QGD\NHQPRQLW|UQRUPDO oDO×ŕ×U gUQHĚLQPRQLW|UQSDUODNO×ND\DU×QD JHWLULOGLĚLIDU]HGLOGLĚLQGHNXOODQ×F×\HULQGHQ D\U×OG×Ě×QGDYHDUW×NPRQLW|UQNDUŕ×V×QGD EXOXQPDG×Ě×QGDPRQLW|URWRPDWLNRODUDNJo WNHWLPLQL
HNDGDUD]DOW×U
. XOODQ×F×NDUŕ×V×QGD . XOODQ×F×\RN
9 DUVD\×ODQPRGDLVWHGLĚLQL]]DPDQG|QHELOLUVLQL] D\DU
. ×VD\ROWXŕX 6HQV|UPHVDIHVL
<DWD\'LNH\PRG
<XNDU×GDNLUHVLPOHU\DOQ×]FDUHIHUDQVDPDF×\ODYHULOPLŕWLU
<XNDU×GDJ|VWHULOHQJoWNHWLPL\DOQ×]FDUHIHUDQVDPDoO×G×U
$\DUODU 9DUVD\×ODQD\DUODU 9DUVD\×ODQD\DU×QGD$\DU3RZHU6HQVRU HNUDQGDQYHFPYHLQoX]DNO×NWDNL YHPRQLW|UQEHŕGHUHFHVROYH\DVDĚ×QGDNL NXOODQ×F×Q×QYDUO×Ě×Q×DOJ×ODU g]HOD\DUODU <XNDU×GDOLVWHOHQHQoHYUHG×ŕ×QGDELU\HUGHGXUPD\× WHUFLKHGL\RUVDQ×]RSWLPDODOJ×ODPDYHULPOLOLĚL LoLQGDKD\NVHNJoOELUVLQ\DOVHoLQ$\DUQH NDGDU\NVHNVHDOJ×ODPDVLQ\DOLRNDGDUJoOROXU 0DNVLPXP3RZHU6HQVRUYHULPOLOLĚLYHG]JQ DOJ×ODPDLoLQOWIHQGRĚUXGDQPRQLW|UQ|QQH RWXUXQ 0RQLW|UGHQFPYH\DLQoX]DNWD GXUPD\×WHUFLKHGL\RUVDQ×]FPYH\D LQoHNDGDURODQX]DNO×NODUGDPDNVLPXP DOJ×ODPDVLQ\DOLQLNXOODQ×QD\DU %D]×NR\XUHQNOLN×\DIHWOHUNXOODQ×F×HNUDQGDQ FPYH\DLQoX]DNWDROVDELOHN×]×O|WHVL ×ŕ×QODU×Q×HPPHHĚLOLPLJ|VWHULUVL\DKYH\DGLĚHU NR\XWRQODUGDELUN×\DIHWJL\HUNHQVLQ\DOJFQ DUW×U×Q 26
$\DUODUQDV×OD\DUODQ×U 3RZHU6HQVRUYDUVD\×ODQDUDO×NGDKLOLQGHYH\D KDULFLQGHG]JQoDO×ŕP×\RUVDDOJ×ODPD\DŕXŕHNLOGH LQFHD\DU\DSDELOLUVLQL] 3RZHU6HQVRUN×VD\ROWXŕXQDEDV×Q $\DUoXEXĚXQGDYDUVD\×ODQNRQXPRODQ
EXODFDNV×Q×] 3RZHU6HQVRUDOJ×ODPDV×D\DU×Q×$\DU
HJHWLULQ YH7DPDP
DEDV×Q 3RZHU6HQVRU
QEXOXQGXĚXQX]\HUGHQG]JQ ŕHNLOGHVL]LDOJ×ODG×Ě×Q×J|UPHNLoLQ\HQLD\DU× WHVWHGLQ 3RZHU6HQVRULŕOHYL\DOQ×]FD\DWD\PRGGD oDO×ŕPDN]HUHWDVDUODQP×ŕW×U3RZHU6HQVRU Do×OG×NWDQVRQUDPRQLW|UGLNH\PRGGDLVH GHUHFHGLNNRQXPRWRPDWLNRODUDN . $3$1$&$. 7, 5PRQLW|UYDUVD\×ODQ \DWD\PRGDG|QPŕVHRWRPDWLNRODUDN $d, /$&$. 7, 5 1RW 0DQXHORODUDNVHoLOL3RZHU6HQVRUPRGX\HQLGHQ D\DUODQ×QFD\DYH\DYDUVD\×ODQD\DUJHULoDĚU×O×QFD\D NDGDUoDO×ŕ×\RUNDODFDN3RZHU6HQVRU
QKHUKDQJL ELUQHGHQOH\DN×QODUGDNLKDUHNHWOHUHNDUŕ×Dŕ×U× GX\DUO×ROGXĚXQXJ|UG\VHQL]OWIHQGDKDGŕN ELUVLQ\DOJFQHD\DUOD\×Q
7HNQLNg]HOOLNOHU
7HNQLNg]HOOLNOHU
5HVLP(NUDQ 0RQLW|USDQHOLWU $UND$\G×QODWPD 3DQHOER\XWX (QER\RUDQ× 3LNVHO1RNWDV× 3DUODNO×N 6PDUW&RQWUDVW . RQWUDVWRUDQ×WLSLN <DQ×WVUHVLWLSLN 2SWLPXPo|]QUON *|UQWOHPHDo×V× 5HVLP*HOLŕWLUPH (NUDQUHQNOHUL 'LNH\\HQLOHPHK×]× <DWD\)UHNDQV V5*% %DĚODQDELOLUOLN 6LQ\DOJLULŕL USB *LULŕVLQ\DOL 6HV*LULŕLd×N×ŕ× *YHQLOLUOLN 'DKLOLKRSDUO|UOHU . XOODQ×F×. ROD\O×Ě× 26''LOOHUL 'LĚHUNROD\O×NODU 7DNYHdDO×ŕW×U8\XPOX 6HKSD (ĚLP '|QHU <NVHNOLN$\DU×
7)7/&' /('
:FP [PP FGPô PV [#+] +9#&5! 6PDUW, PDJH 0 +]+] N+]N+] (9(7 '9, ''LMLWDO9*$$QDORJ 86%[ $\U×6HQN<HŕLOh]HULQGH6HQN 3&VHVJLULŕLNXODNO×No×N×ŕ× :[ īQJLOL]FH)UDQV×]FD$OPDQFDīWDO\DQFD5XVoDīVSDQ\ROFD %DVLWOHŕWLULOPLŕdLQFH3RUWHNL]FH 9(6$PRQWDM×[PP. HQVLQJWRQNLOLGL ''&&, V5*%:LQGRZV9LVWD;30DF26;/LQX[ PP
27
7HNQLNg]HOOLNOHU
*o%/ $o×NPRG $o×NPRG(&2PRGXWLSLN (QHUML7NHWLPL (QHUJ\6WDUWHVW\|QWHPL
1RUPDOdDO×ŕPDWLSLN 8\NXWLSLN . DSDO× , V×'DĚ×WPD
1RUPDOdDO×ŕPD 8\NXWLSLN . DSDO× *o/('J|VWHUJHVL *o%HVOHPHVL (EDW 6HKSDEXOXQDQUQ*[<[' 6HKSDEXOXQPD\DQUQ *[<[' . XWXHEDW×*[<[' $Ě×UO×N 6HKSDEXOXQDQUQ 6HKSDEXOXQPD\DQUQ $PEDODMO×UQ dDO×ŕPD'XUXPX 6×FDNO×NDUDO×Ě× %DĚ×OQHP 5DN×P 07%)
:WLSLN:PDNV6HVYH86%[LOH : 9$&9$& 9$&9$& 9$&9$& +]+] +]+] +]+] GHĚHULQGH$&*LULŕ GHĚHULQGH$&*LULŕ GHĚHULQGH$&*LULŕ 9ROWDM× 9ROWDM× 9ROWDM× : : : : : : 0W 0W 0W 9$&9$& 9$&9$& 9$&9$& +]+] +]+] +]+] GHĚHULQGH$&*LULŕ GHĚHULQGH$&*LULŕ GHĚHULQGH$&*LULŕ 9ROWDM× 9ROWDM× 9ROWDM× %78 %78 %78 %78 %78 %78 0 BTU 0 BTU 0 BTU $o×NPRG%H\D]%HNOHPHGH8\NXPRGX%H\D]\DQ×SV|Q\RU 'DKLOL9$&+] [[PP [[PP [[PP NJ NJ NJ 6DNODPD&& dDO×ŕW×UPD&& LOHDUDV× dDO×ŕPDG×ŕ×IWP dDO×ŕW×UPDIWP VDDW
28
7HNQLNg]HOOLNOHU
dHYUH 52+6 (3($7 (QHUJ\6WDU $PEDODM g]HO0DGGHOHU 8\XPYHVWDQGDUWODU ']HQOH\LFL2QD\ODU . DELQ 5HQN . DSODPD
(9(7 $OW×QZZZHSHDWQHW 5. 0 JHULG|QŕPO 39&%)5VHUEHVWJ|YGH %60, &(LŕDUHWL)&&6×Q×I%*2676(0. 2 TCO Certified Edge8/F8/, 62789*6789(UJR 6L\DK*Pŕ 'RNX
1RW (3($7*ROG\DGD6LOYHU\DOQ×]FD3KLOLSV
LQUQND\GHWWLĚL\HUOHUGHJHoHUOLGLU/WIHQONHQL]GHNLND\×W GXUXPXLoLQZZZHSHDWQHWDGUHVLQL]L\DUHWHGLQ %XYHULOHU|QFHGHQKDEHUYHULOPHGHQGHĚLŕWLULOHELOLU. LWDSo×Ě×QVRQVUPQNDUŕ×GDQ\NOHPHNLoLQ ZZZSKLOLSVFRPVXSSRUWDGUHVLQHJLGLQ
29
7HNQLNg]HOOLNOHU
d|]QUONYHgQ$\DU0RGODU× $]DPLd|]QUON [#+]GHĚHULQGHDQDORJ JLULŕ [#+]GHĚHULQGHGLMLWDOJLULŕ gQHULOHQd|]QUON [#+]GHĚHULQGHGLMLWDOJLULŕ <IUHNN+] d|]QUON [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ 'IUHN+]
1RW (NUDQ×Q×]×Q[+]DV×Oo|]QUONWH HQL\LoDO×ŕW×Ě×Q×KDW×UODW×U×](QL\LJ|UQWNDOLWHVL LoLQOWIHQEXo|]QUON|QHULVLQLX\JXOD\×Q
30
*o<|QHWLPL
*o<|QHWLPL
2WRPDWLN*o7DVDUUXIX (ĚHU9(6$'30X\XPOXHNUDQNDUW×Q×]YDUVD YH\D3&
QL]H\D]×O×PNXUXOPXŕVDPRQLW|U NXOODQ×OPDG×Ě×QGDJoWNHWLPLQLRWRPDWLNRODUDN GŕUHELOLU(ĚHUNODY\HGHQIDUHGHQYH\DGLĚHUJLULŕ \DSDELOHFHĚLQL]ELUD\J×WWDQJLULŕ\DSW×Ě×Q×]DOJ×ODQ×UVD PRQLW|URWRPDWLNRODUDN
X\DQ×U
$ŕDĚ×GDNL WDEORJoWNHWLPLQLYHEXRWRPDWLNJoWDVDUUXI |]HOOLĚLQLQVLQ\DOOHQPHVLQLJ|VWHUPHNWHGLU *o7NHWLPL7DQ×P×
9(6$ 0RGX (WNLQ 9LGHR $d, . <VHQN (YHW 'VHQN . XOODQ×ODQ*o /('UHQJL (YHW :WLSLN :PDNV 6HVYH 86%[LOH : %H\D]
8\NX WLSLN . DSDWPD
. $3$/,
+D\×U
+D\×U
. $3$/,
0W
%H\D] <DQ×S V|Q\RU . $3$/,
$ŕDĚ×GDNLD\DUEXPRQLW|UGHNLJoWNHWLPLQL |OoPHNLoLQNXOODQ×O×U 'RĚDOo|]QUON[ . RQWUDVW 3DUODNO×NQLWV 5HQNV×FDNO×Ě×7DPEH\D]PRGHOLOHN 6HVYH86%(WNLQ'HĚLO. DSDO× 1RW %XYHULOHU|QFHGHQKDEHUYHULOPHGHQGHĚLŕWLULOHELOLU
31
<|QHWPHQOLN%LOJLOHUL
<|QHWPHQOLN%LOJLOHUL
/HDGIUHH3URGXFW Lead free display promotes environmentally sound recovery and disposal of waste from electrical and electronic equipment. Toxic substances like Lead has been eliminated and compliance with European community’s stringent RoHs directive mandating restrictions on hazardous substances in electrical and electronic equipment have been adhered to in order to make Philips monitors safe to use throughout its life cycle. TCO Certified Edge Congratulations, Your display is designed for both you and the planet!The display you have just purchased carries the TCO Certified Edge label. [. . . ] EHL(UVDW]GHU%LOGU|KUHQXUHLQHEDXDUWJOHLFKH HLQJHEDXWZLUG $XVHUJRQRPLVFKHQ*UQGHQZLUGHPSIRKOHQ GLH*UXQGIDUEHQ%ODXXQG5RWQLFKWDXIGXQNOHP 8QWHUJUXQG]XYHUZHQGHQVFKOHFKWH/HVEDUNHLW XQGHUK|KWH$XJHQEHODVWXQJEHL]XJHULQJHP =HLFKHQNRQWUDVWZlUHQGLH)ROJH 'HUDUEHLWVSODW]EH]RJHQH6FKDOOGUXFNSHJHOQDFK ', 1EHWUlJWG%$RGHUZHQLJHU $&+781*%(, 0$8)67(//(1 ', (6(6*(5b7(6'$5$8) $&+7(1'$1(7=67(&. (581' 1(7=. $%(/$16&+/8/(, &+7 =8*b1*/, &+6, 1'
&KLQD 5R+6 7KH3HRSOH
V5HSXEOLFRI&KLQDUHOHDVHGD UHJXODWLRQFDOOHG0DQDJHPHQW0HWKRGVIRU &RQWUROOLQJ3ROOXWLRQE\(OHFWURQLF, QIRUPDWLRQ 3URGXFWVRUFRPPRQO\UHIHUUHGWRDV&KLQD 5R+6$OOSURGXFWVDUHSURGXFHGDQGVROGIRU &KLQDPDUNHWKDYHWRPHHW&KLQD5R+6UHTXHVW
⦃ֱՓ⫼ᳳ䰤 ℸᷛ䆚ᣛᳳ䰤˄कᑈ˅ˈ⬉ᄤֵᙃѻકЁ ᳝ⱘ᳝↦᳝ᆇ⠽䋼ܗ㋴ℷᐌՓ⫼ⱘᴵӊ ϟϡӮথ⫳⊘さবˈ⬉ᄤֵᙃѻક⫼᠋ Փ⫼䆹⬉ᄤֵᙃѻકϡӮᇍ⦃๗䗴៤Ϲ䞡∵ ᶧᇍ݊Ҏ䑿ǃ䋶ѻ䗴៤Ϲ䞡ᤳᆇⱘᳳ䰤DŽ
ljᑳᓗ⬉఼⬉ᄤѻકಲᬊ໘⧚ㅵ⧚ᴵ՟NJᦤ⼎ᗻ䇈ᯢ
Ўњདഄ݇⠅ঞֱᡸഄ⧗ˈᔧ⫼᠋ϡݡ䳔㽕ℸѻકѻકᇓ ੑ㒜ℶᯊˈ䇋䙉ᅜᆊᑳᓗ⬉఼⬉ᄤѻકಲᬊ໘⧚Ⳍ݇⊩ᕟ⊩ 㾘ˈᇚ݊Ѹ㒭ᔧഄ᳝ᆊ䅸ৃⱘಲᬊ໘⧚䌘䋼ⱘॖଚ䖯㸠ಲ ᬊ໘⧚DŽ
37
0ŕWHUL+L]PHWOHULYH*DUDQWL
0ŕWHUL+L]PHWOHULYH*DUDQWL
3KLOLSV)ODW3DQHO0RQLW|UOHULQ3LNVHO+DWD <|QWHPL 3KLOLSV\NVHNNDOLWHOLUQOHUVDWPD\DoDO×ŕPDNWDG×U %L]HQJHOLŕPLŕUHWLPWHNQLNOHULQLNXOODQPDNWDYH V×N×ELUNDOLWHNRQWUROPHNDQL]PDV×X\JXODPDNWD\×] )DNDWIODWSDQHOPRQLW|UOHULQGHNXOODQ×ODQ7)7 PRQLW|USDQHOOHULQGHNLSLNVHOYH\DDOWSLNVHO KDWDODU×LOHED]HQNDUŕ×ODŕPDNWD\×]hUHWLFLOHUGHQ KLoELULSDQHOOHULQKLoELULQGHSLNVHOKDWDV× EXOXQPD\DFDĚ×Q×JDUDQWLHGHPH]IDNDW3KLOLSV NDEXOHGLOPH]VD\×GDKDWDEXOXQDQPRQLW|UOHULQ JDUDQWLNDSVDP×QGDWDPLUHGLOHFHĚLQLYH\D\HQLVL LOHGHĚLŕWLULOHFHĚLQLJDUDQWLHWPHNWHGLU%XE|OPGH IDUNO×SLNVHOKDWDWLSOHULDo×NODQPDNWDYHKHUWLSLoLQ NDEXOHGLOHELOLUSLNVHOVHYL\HOHULWDQ×PODQPDNWDG×U *DUDQWLNDSVDP×QGDWDPLUYH\D\HQLVLLOHGHĚLŕWLUPH \DSDELOPHNLoLQ7)7PRQLW|USDQHOLQGHNLSLNVHO KDWDODU×Q×QVD\×V×NDEXOHGLOHELOLUVHYL\HOHUGHQID]OD ROPDO×G×UgUQHNYHUHFHNROXUVDNELUPRQLW|UGHDOW SLNVHORUDQ×Q×Q
GHQID]ODROPDPDV×KDWDO× RODELOLU%XQODU×Q\DQ×QGDED]×SLNVHOKDWDWLSOHULYH\D NRPELQDV\RQXQXQIDUNHGLOPHVLGLĚHUOHULQGHQGDKD NROD\ROGXĚXLoLQ3KLOLSVEXWLSKDWDODULoLQGDKD \NVHNNDOLWHVWDQGDUWODU×EHOLUOHPLŕWLU%XSROLWLND WPGQ\DGDJHoHUOLGLU
3LNVHOYH$OW3LNVHOOHU %LUSLNVHOYH\DUHVLPHOHPDQ×WHPHOUHQNOHULN×UP×]× \HŕLOYHPDYLRODQoDOWSLNVHOGHQROXŕPDNWDG×U 3LNVHOOHUELUDUD\DJHOHUHNELUJ|UQWROXŕWXUXU 3LNVHOGHNLDOWSLNVHOOHULQKHSVLDo×NVDUHQNOLoDOW SLNVHOEHUDEHUEH\D]ELUUHVLPJLELJ|UQU+HSVL NR\X\VDUHQNOLoDOWSLNVHOEHUDEHUWHNELUVL\DK SLNVOHJLELJ|UQU$o×NYHNR\XSLNVHOOHULQGLĚHU NRPELQDV\RQXGLĚHUUHQNWHWHNELUSLNVHOJLEL J|UQU 3LNVHO+DWD7UOHUL 3LNVHOYHDOWSLNVHOKDWDODU×HNUDQGDIDUNO× ŕHNLOOHUGHJ|UQU3LNVHOKDWDODU×LoLQLNLNDWHJRUL EXOXQPDNWDG×UYHKHUNDWHJRULGHoHŕLWOLDOWSLNVHO KDWDWUOHULPHYFXWWXU 3DUODN1RNWD+DWDODU× 3DUODNQRNWDKDWDODU×GDLPD\DQDQYH\DDo×NRODQ SLNVHOYH\DDOWSLNVHORODUDNJ|UQU3DUODNQRNWD PRQLW|UNR\XELU|UQHNJ|VWHUGLĚLQGHHNUDQGD EXOXQDQELUDOWSLNVHOGLUdHŕLWOLWLSOHUGHSDUODN QRNWDKDWDODU×EXOXQPDNWDG×U
%LUDo×NN×UP×]×\HŕLOYH\DPDYLDOWSLNVHO
38
0ŕWHUL+L]PHWOHULYH*DUDQWL
īNLELWLŕLNDOWSLNVHO . ×UP×]×0DYL <HŕLO . ×UP×]×\HŕLO 6DU× <HŕLO0DYL $o×N0DYL
3LNVHO+DWDODU×Q×Q<DN×QO×Ě× %LUELULQH\DN×QRODQD\Q×WUSLNVHOYHDOWSLNVHO KDWDODU×Q×QIDUHGLOPHVLGDKDNROD\ROGXĚXLoLQ 3KLOLSVSLNVHOKDWDODU×Q×Q\DN×QO×Ě×NRQXVXQGDGD WROHUDQVODUEHOLUOHPLŕWLU 3LNVHO+DWD7ROHUDQVODU× *DUDQWLVUHVLQGHSLNVHOKDWDODU×QGDQND\QDNODQDQ WDPLUYH\D\HQLVLLOHGHĚLŕWLUPHLŕOHPOHULQL JHUoHNOHŕWLUPHNLoLQELU3KLOLSVIODWSDQHOLQGHNL7)7 PRQLW|USDQHOLQGHEXOXQDQSLNVHOYH\DDOWSLNVHO KDWDODU×DŕDĚ×GDNLWDEORGDEHOLUWLOHQVD\×ODUGDQID]OD ROPDO×G×U
hoELWLŕLNDOWSLNVHOELUEH\D]SLNVHO 1RW . ×UP×]×YH\DPDYLUHQNWHNLSDUODNQRNWDNRPŕX QRNWDODU×QSDUODNO×Ě×QGDQ\]GHGDKDSDUODN ROXUNHQ\HŕLOSDUODNQRNWDLVHNRPŕXQRNWDODUGDQ \]GHGDKDSDUODNROPDO×G×U 6L\DK1RNWD+DWDODU× 6L\DKQRNWDKDWDODU×KHU]DPDQNR\XYH\D NDSDO×RODQSLNVHOYH\DDOWSLNVHORODUDNJ|UQU . R\XQRNWDPRQLW|UDo×NELU|UQHNJ|VWHUGLĚLQGH HNUDQGDEXOXQDQELUDOWSLNVHOGLU$ŕDĚ×GDVL\DK QRNWDKDWDWLSOHULJ|VWHULOPHNWHGLU
39
0ŕWHUL+L]PHWOHULYH*DUDQWL
3$5/$. 12. 7$. 8685/$5, J|UQHQDOWSLNVHOOHU ELWLŕLNJ|UQHQDOWSLNVHOOHU ELWLŕLNJ|UQHQDOWSLNVHOOHUELUEH\D]SLNVHO īNLSDUODNQRNWDNXVXUXDUDV×QGDNLX]DNO×N
7PWLSOHUGHNLWRSODPSDUODNQRNWDNXVXUODU× 6ī<$+12. 7$. 8685/$5, NR\XDOWSLNVHO NRPŕXNR\XDOWSLNVHO NRPŕXNR\XDOWSLNVHO , NL6L\DKQRNWDNXVXUXDUDV×QGDNLPHVDIH
+HUWUGHNLWRSODPVL\DKQRNWDNXVXUODU× 723/$012. 7$+$6$5/$5, +HUWUGHNLWRSODPSDUODNQRNWDNXVXUODU×
. $%8/('ī/(%ī/ī56(9ī<( 3 1 0 !PP 3 . $%8/('ī/(%ī/ī56(9ī<( YH\DGDKDD] YH\DGDKDD] 0 !PP YH\DGDKDD] . $%8/('ī/(%ī/ī56(9ī<( YH\DGDKDD]
1RW YH\DNRPŕXDOWSLNVHODU×]DV× QRNWDDU×]DV× %XPRQLW|U, 62X\XPOXGXU, 62(OHNWURQLNJ|UVHOHNUDQODULoLQHUJRQRPL JHUHNVLQLPLDQDOL]YHX\XPWHVWOHUL\|QWHPOHUL
40
0ŕWHUL+L]PHWOHULYH*DUDQWL
0ŕWHUL+L]PHWOHULYH*DUDQWL 0ŕWHUL+L]PHWOHULYH*DUDQWL *DUDQWLNDSVDP×ELOJLOHULYHE|OJHQL]HDLWHNGHVWHNNRŕXOODU×KDNN×QGDD\U×QW×O×ELOJLLoLQOWIHQZZZSKLOLSV FRPVXSSRUWZHEVLWHVLQL]L\DUHWHGLQ$ŕDĚ×GDOLVWHOHQPLŕRODQ\HUHO3LKLOLSV0ŕWHUL6RUXQODU×WHOHIRQ QXPDUDV×Q×GDDUD\DELOLUVLQL] %DW×$YUXSDE|OJHVLLoLQī57ī%$7%ī/*ī6ī hONH $XVWULD %HOJLXP 'HQPDUN )LQODQG )UDQFH *HUPDQ\ *UHHFH , UHODQG , WDO\ /X[HPERXUJ 1HWKHUODQGV 1RUZD\ 3RODQG 3RUWXJDO 6ZLW]HUODQG 6SDLQ 6ZHGHQ 8QLWHG. LQJGRP $6& 6LHPHQV, 6 (&DUH $QRYR $QRYR $QRYR 6LHPHQV, 6 $OOPDQ+HOODV , QYHF6FRWODQG $QRYR (&DUH (&DUH $QRYR =ROWHU (DWVD6SDLQ $QRYR (DWVD6SDLQ $QRYR , QYHF6FRWODQG 0ŕWHULGHVWHNQXPDUDV× )L\DW € 0. 07 € 0. 06 /RFDOFDOOWDULII /RFDOFDOOWDULII € 0. 09 € 0. 09 )UHHRIFKDUJH /RFDOFDOOWDULII € 0. 08 /RFDOFDOOWDULII € 0. 10 /RFDOFDOOWDULII /RFDOFDOOWDULII /RFDOFDOOWDULII /RFDOFDOOWDULII € 0. 10 /RFDOFDOOWDULII /RFDOFDOOWDULII
41
0ŕWHUL+L]PHWOHULYH*DUDQWL
257$9('2ę8$9583$E|OJHVLLOHWLŕLPELOJLOHUL hONH %HODUXV %XOJDULD &URDWLD &]HFK5HS (VWRQLD +XQJDU\ /DWYLD /LWKXDQLD 5RPDQLD 5XVVLD 6HUELD 0RQWHQHJUR 6ORYDNLD 6ORYHQLD 8NUDLQH 7XUNH\ dDĚU×PHUNH]L 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ $6& , %$ /$16HUYLFH 5HQRSURP $VXSSRUW )8-, 768 6HUZDUH 3URÀ6HUYLFH ´6HUYLFH1HW/9µ/WG 8$%6HUYLFHQHW %OXH5LGJH, QWO &36 &(((3DUWQHUV . LP7HFGRR 'DWDODQ6HUYLFH 3&+DQG &RPHO 7RSD]6HUYLFH&RPSDQ\ 7HFKSUR 0ŕWHULGHVWHNQXPDUDV× 800 100 697 IRUUHSDLU IRUVDOHV
/$7ī1$0(5ī. $E|OJHVLLOHWLŕLPELOJLOHUL hONH $UJHQWLQD %UD]LO dDĚU×PHUNH]L 9HUPRQW 9HUPRQW 0ŕWHULGHVWHNQXPDUDV× 0800 3330 856
. 8=(<$0(5ī. $LOHWLŕLPELOJLOHUL hONH
&DQDGD 86$
dDĚU×PHUNH]L
6XSHUFRP TOS
$6&
6XSHUFRP 7HOHSODQ
0ŕWHULGHVWHNQXPDUDV×
dLQLOHWLŕLPELOJLOHUL dLQ 0ŕWHULGHVWHNQXPDUDV× 42
0ŕWHUL+L]PHWOHULYH*DUDQWL
$30($$V\D3DVLÀN2UWDGRĚXYH$IULNDE|OJHVLLOHWLŕLPELOJLOHUL hONH
$XVWUDOLD %DQJODGHVK &DPERGLD +RQJ. RQJ 0DFDX , QGLD , QGRQHVLD , VUDHO 0DOD\VLD 1HSDO 1HZ=HDODQG 3DNLVWDQ 3KLOLSSLQHV 6LQJDSRUH 6RXWK$IULFD 6RXWK. RUHD 6UL/DQND 7DLZDQ 7KDLODQG 8QLWHG$UDE (PLUDWHV 9LHWQDP
dDĚU×PHUNH]L
1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 3&&: 7HOHVHUYLFHV 7DLZDQ 1$ 1$ 1$
$6&
$*261(7:25. 37</7' 'LVWULEXWRU&RPSXWHU6RXUFH /WGZDUUDQW\EX\RXW
0ŕWHULGHVWHNQXPDUDV×
1300 360 386
'LVWULEXWRU1HDW7HFKQRORJ\3WH /WG6LQJDSRUHZDUUDQW\EX\ RXW 6PDUW3L[HOV7HFKQRORJ\/WG 5(', 1*721, 1', $/7' 37*DGLQJVDULHOHNWURQLND3ULPD (DVWURQLFV/7' +RQJ. RQJ7HO 0DFDX7HO 7HO 6063+, /, 36WR 7HO 7511530
$IWHU0DUNHW6ROXWLRQV&(6GQ 603 7953 3370 %KG 'LVWULEXWRU6\DNDU&R/WG ZDUUDQW\EX\RXW 9LVXDO*URXS/WG 3KLOLSV&RQVXPHU6HUYLFH *OHH(OHFWURQLFV, QF 0800 657447 WR WR
3KLOLSV(OHFWURQLFV6LQJDSRUH 3WH/WG3KLOLSV&RQVXPHU&DUH &HQWHU 6\OYDUD7HFKQRORJLHV3W\/WG 3&62QH. RUHD/WG QRGLVWULEXWRUDQGRUVHUYLFH SURYLGHUFXUUHQWO\ )(7(&&2 086 0000 888
$[LV&RPSXWHU6\VWHP&R/WG $/6+$+'&20387(5//& 00971 4 2276525
+R&KL0LQK&LW\ )376HUYLFH, QIRUPDWLF&RPSDQ\ 'DQDQJ&LW\ /WG &DQWKR3URYLQFH
43
6RUXQ*LGHUPHYH666·ODU
6RUXQ*LGHUPHYH666·ODU
6RUXQ*LGHUPH %XVD\IDGDNXOODQ×F×WDUDI×QGDQJLGHULOHELOHFHN VRUXQODUHOHDO×QP×ŕW×U %Xo|]POHULGHQHGLNWHQVRQUDVRUXQKDOD o|]OPH]VH3KLOLSVPŕWHULKL]PHWOHULWHPVLOFLVLLOH WHPDVDJHoLQ *HQHO6RUXQODU 5HVLP<RN*o/('
L\DQP×\RU *oNDEORVXQXQHOHNWULNSUL]LQHYHPRQLW|UQ DUNDV×QGDNL\HULQHWDN×OG×Ě×QGDQHPLQROXQ īONRODUDNPRQLW|UQ|QQGHNLJoGĚPHVLQLQ . $3$/, NRQXPGDROGXĚXQGDQHPLQROXQ DUG×QGDQ$d, .
DEDV×Q 5HVLP<RN*o/('
LEH\D]\DQ×SV|Q\RU %LOJLVD\DU×Q×]×QDo×OG×Ě×QGDQHPLQROXQ 6LQ\DONDEORVXQXQELOJLVD\DU×Q×]DGRĚUX EDĚODQG×Ě×QGDQHPLQROXQ 0RQLW|UNDEORVXQXQEDĚODQW×WDUDI×QGDHĚLOHQ SLPLEXOXQPDG×Ě×QGDQHPLQROXQ(ĚHUYDUVD NDEOR\XRQDU×Q\DGDGHĚLŕWLULQ (QHUML7DVDUUXIX|]HOOLĚLHWNLQOHŕWLULOHELOLU (NUDQGDEHOLUWLOHQOHU
272GĚPHVLoDO×ŕP×\RU 2WRLŕOHYL\DOQ×]FD9*$$QDORJPRGXQGD NXOODQ×ODELOLU6RQXoWDQPHPQXQNDO×QPD]VD 26'PHQV\OHPDQHORODUDN D\DUOD\DELOLUVLQL] 1RW 2WRLŕOHYL'9, 'LMLWDOPRGDJHUHNOLROPDG×Ě×QGDQ NXOODQ×ODPD] *|UOHELOLUGXPDQYH\DN×Y×OF×PEHOLUWLOHUL 6RUXQJLGHUPHDG×PODU×Q×JHUoHNOHŕWLUPH\LQ *YHQOLNLoLQPRQLW|UGHUKDOHOHNWULNJo ND\QDĚ×QGDQD\×U×Q 'HUKDO3KLOLSVPŕWHULKL]PHWOHULWHPVLOFLVL\OH LUWLEDWDJHoLQ *|UQWOHPH6RUXQODU× *|UQWRUWDODQDP×\RU 26'$QD. RQWUROOHULQGHNL2WRLŕOHYL\OH J|UQWNRQXPXQXD\DUOD\×Q 26'$QD. RQWUROOHULQGH)D]. XUXOXP6DDWL
QL NXOODQDUDNJ|UQWNRQXPXQXD\DUOD\×Q <DOQ×]FD9*$PRGXQGDJHoHUOLGLU *|UQWHNUDQGDWLWUHU 6LQ\DONDEORVXQXQJUDILNNDUW×QDYH\D3&
\H VDĚODPELUŕHNLOGHEDĚODQG×Ě×Q×NRQWUROHGLQ 'LNH\WLWUHPHROXŕXU
0RQLW|UNDEORVXQXQELOJLVD\DU×Q×]DGRĚUX EDĚODQG×Ě×QGDQHPLQROXQ$\U×FD+×]O× %DŕODWPD. ×ODYX]X
QDEDN×Q 0RQLW|UNDEORVXQXQSLPOHULQLQHĚLOLS HĚLOPHGLĚLQHEDNDUDNNRQWUROHGLQ %LOJLVD\DU×Q×]×QDo×OG×Ě×QGDQHPLQROXQ
26'$QD. RQWUROOHULQGHNL2WRLŕOHYL\OH J|UQWNRQXPXQXD\DUOD\×Q 26'$QD. RQWUROOHULQGH)D]. XUXOXP6DDWL
QL NXOODQDUDNGLNH\oL]JLOHULRUWDGDQNDOG×U×Q <DOQ×]FD9*$PRGXQGDJHoHUOLGLU
44
6RUXQ*LGHUPHYH666·ODU
<DWD\WLWUHPHROXŕXU
26'$QD. RQWUROOHULQGHNL2WRLŕOHYL\OH J|UQWNRQXPXQXD\DUOD\×Q 26'$QD. RQWUROOHULQGH)D]. XUXOXP6DDWL
QL NXOODQDUDNGLNH\oL]JLOHULRUWDGDQNDOG×U×Q <DOQ×]FD9*$PRGXQGDJHoHUOLGLU
*|UQWER]XNJ|UQU0HWLQEXODQ×NYH\D GRQXN 3&
QLQHNUDQo|]QUOĚQPRQLW|UQ |QHULOHQGRĚDOHNUDQo|]QUOĚLOHD\Q× GHĚHUHJHWLULQ (NUDQGD\HŕLON×UP×]×PDYLNR\XYHEH\D] QRNWDODUEHOLULU *HULGHNDODQQRNWDODUJQP]WHNQRORMLVLQGH NXOODQ×ODQQRUPDONDUDNWHUOHUGLU/WIHQGDKD ID]ODELOJLLoLQSLNVHOSROLWLNDV×QDEDN×Q *oDo×N×ŕ×Ě×oRNJoOYHEHQLUDKDWV×]HGL\RU 26'DQDNRQWUROOHULQGH. XUXOXPGDNL Jo/('
LQLNXOODQDUDNJoDo×N×ŕ×Ě×Q× D\DUOD\DELOLUVLQL] 6HVVRUXQX 6HV\RN 6HVNDEORVXQXQELOJLVD\DUYHPRQLW|UHGRĚUX EDĚODQG×Ě×Q×NRQWUROHGLQ 6HVLQN×V×OPDG×Ě×QGDQHPLQROXQ26' 0HQ\HEDV×Q6HVLYHDUG×QGDQ6HVVL]L VHoLQ. DSDO×NRQXPGDROGXĚXQXNRQWUROHGLQ 6HVVHYL\HVLQLD\DUODPDNLoLQ26'DQD NRQWUROQGH6HV6HYL\HVLQHEDV×Q 86%VRUXQX 86%oHYUHELULPOHULoDO×ŕP×\RU <XNDU×DN×ŕNDEORVXQXQPRQLW|UQ]HGRĚUX EDĚODQ×SEDĚODQPDG×Ě×Q×NRQWUROHGLQ 0RQLW|UQ]ELUGHID. $3$7, 3$d, 186% VUFOHULQLELOJLVD\DU×Q×]D\NOHPHQL]\HQLGHQ \NOHPHQL]YHKXE·×QoDO×ŕW×Ě×QGDQHPLQ ROPDQ×]JHUHNHELOLU 86%oHYUHELULPOHULQL]L\HQLGHQEDĚOD\×Q 'DKDID]OD\DUG×PLoLQ7NHWLFL%LOJL0HUNH]L OLVWHVLQHEDN×QYH3KLOLSVPŕWHULKL]PHWOHUL WHPVLOFLVLLOHWHPDVDJHoLQ
G|UQWEXODQ×NEHOLUVL]\DGDoRNNDUDQO×N J|UQU . RQWUDVW×YHSDUODNO×Ě×(NUDQhVW . XPDQGDV×QGDQD\DUOD\×Q $UG×OJ|UQW\DQPDYH\DKD\DOHWJ|UQW JoNDSDW×OG×NWDQVRQUDHNUDQGDNDO×U 6DELW\DGDVWDWLNJ|UQWOHULQX]XQVUH NHVLQWLVL]RODUDNHNUDQGDNDOPDV×\DQPD\D VHEHSRODELOLUEXD\Q×]DPDQGDHNUDQ×Q×]GDNL DUG×OJ|UQWYH\DKD\DOHWJ|UQWRODUDN GDDQ×OPDNWDG×U<DQPDHWNLVLDUG×ŕ×N J|UQW\DGDJ|OJHOLJ|UQWPRQLW|U SDQHOLWHNQRORMLVLQGHELOLQHQELUGXUXPGXU %LUoRNGXUXPGD\DQPDYH\DDUG×OJ|UQW YH\DKD\DOHWJ|UQWJoNDSDW×OG×NWDQVRQUD ]DPDQJHoWLNoH\DYDŕ\DYDŕND\ERODFDNW×U 0RQLW|UQ]J|]HWLPVL]E×UDNW×Ě×Q×]GDGDLPD KDUHNHWHGHQELUHNUDQNRUX\XFXVXSURJUDP×Q× HWNLQKDOHJHWLULQ 0RQLW|UQ]GHĚLŕPH\HQVDELWLoHULN J|VWHUHFHNVHGDLPDSHUL\RGLNELUHNUDQ \HQLOHPHX\JXODPDV×Q×HWNLQKDOHJHWLULQ %LUHNUDQNRUX\XFX\X\DGDSHUL\RGLNHNUDQ \HQLOHPHX\JXODPDV×Q×HWNLQOHŕWLUPHPHN VXQXFXQXQ´\DQPDV×µLOHVRQXoODQDELOLUYH\D ´J|UQWVRQUDV×µYH\D´J|OJHJ|UQWµ GXUXPODU×Q×QND\EROPDPDV×\DGDRQDU×OPDPDV× LOHVRQXoODQDELOLU<XNDU×GDEDKVHGLOHQKDVDU JDUDQWLNDSVDP×QGDGHĚLOGLU
45
6RUXQ*LGHUPHYH666·ODU
6PDUW&RQWURO3UHPLXP666·ODU 6 %LUELOJLVD\DUGDNLPRQLW|UGHĚLŕWLUGLPYH 6PDUW&RQWURONXOODQ×ODPD]KDOHJHOGLQH \DSPDO×\×P"
6
6PDUW&RQWURO3UHPLXP·X\NOHGLNWHQ VRQUD6PDUW&RQWURO3UHPLXPVHNPHVL W×NODW×OG×Ě×QGDELUVUHVRQUDKLoELUŕH\ J|VWHUPL\RUYH\DELUKDWDLOHWLVLJ|VWHUL\RU QHROGX"
&YS %LOJLVD\DU×Q×]×\HQLGHQEDŕODW×QYH 6PDUW&RQWURO3UHPLXP·XQoDO×ŕ×S oDO×ŕPDG×Ě×Q×NRQWUROHGLQ$NVLKDOGH 6PDUW&RQWURO3UHPLXP
NDOG×U×S\HQLGHQ NXUDUDNGRĚUXVUFQQNXUXOGXĚXQGDQ HPLQROPDO×V×Q×] 6 6PDUW&RQWURO3UHPLXPLŕOHYOHUL|QFHGHQ L\LoDO×ŕ×\RUGXDQFDNDUW×NoDO×ŕP×\RUQH \DSDELOLULP"
&YS $ŕDĚ×GDNLLŕOHPOHU\DS×OP×ŕVDPRQLW|U VUFVQQ\HQLGHQNXUXOPDV×JHUHNOLGLU 9LGHRJUDILNDGDSW|UQGHĚLŕWLULQ 9LGHRVUFVQJQFHOOH\LQ 6HUYLVSDNHWLYH\D\DPDJLELīŕOHWLP 6LVWHPLQGHHWNLQOHŕWLULQ :LQGRZV8SGDWH
LYHJQFHOOHQHQ PRQLW|UYHYH\DYLGHRVUFVQ oDO×ŕW×U×Q 0RQLW|UNDSDO×YH\DEDĚODQW×V×NHVLNNHQ :LQGRZV\HQLGHQEDŕODW×O×U%XOPDN LoLQOWIHQ%LOJLVD\DU×P
DVDĚW×NOD\×Q YHg]HOOLNOHU!'RQDQ×P!$\J×W <|QHWLFLVL
QHW×NOD\×Q0RQLW|UN×VP×QGD 7DNYHdDO×ŕW×U0RQLW|UJ|UUVHQL]EX GXUXPGD\HQLGHQNXUPDQ×]JHUHNOLGLU 6PDUW&RQWURO3UHPLXP·X\HQLGHQ \NOH\LQ
&YS *UDILNEDĚGDŕW×U×F×Q×]6PDUW&RQWURO 3UHPLXPLOHX\XPOXROPD\DELOLU(ĚHU JUDILNDGDSW|UQ]\XNDU×GDEHOLUWLOHQ PDUNDODUGDQELULLVHHQVRQJQFHOOHQHQ JUDILNDGDSW|UVUFVQLOJLOLŕLUNHWLQ ZHEVLWHVLQGHQLQGLUPH\HoDO×ŕ×Q6UF\ NXUXQ6PDUW&RQWURO3UHPLXP¶XNDOG×U×QYH ELUNH]GDKDNXUXQ +DODoDO×ŕP×\RUVDJUDILNDGDSW|UQ] GHVWHNOHQPL\RURODELOLU/WIHQ3KLOLSV ZHEVLWHVLQL]L\DUHWHGLQYH6PDUW&RQWURO 3UHPLXPVUFVQQROXSROPDG×Ě×Q× NRQWUROHGLQ 6 hUQELOJLVLQHW×NODG×Ě×PGD\DOQ×]FDN×VPL ELOJLOHUJ|UQU QHROGX"
&YS *UDILNNDUW×DGDSW|UQQVUFV''& &, DUD\]QWDPGHVWHNOH\HQHQVRQ JQFHOOHQHQVUPROPD\DELOLU/WIHQ LOJLOLŕLUNHWOHULQZHEVLWHVLQGHQHQVRQ JQFHOOHQHQJUDILNDGDSW|UQLQGLUPH\H oDO×ŕ×Q6UF\NXUXQ6PDUW&RQWURO 3UHPLXP¶XNDOG×U×QYHELUNH]GDKDNXUXQ
46
6RUXQ*LGHUPHYH666·ODU
6
+×UV×]O×NgQOHPHīŕOHYLLoLQRODQ3, 1 QXPDUDP×XQXWWXP1H\DSDELOLULP"
&YS 3KLOLSV6HUYLVPHUNH]LPRQLW|UQVDKLEL ROGXĚXQXWHVSLWHWPHNLoLQ\DVDONLPOLNYH \HWNLVRUPDKDNN×QDVDKLSWLU dDO×QPD\DNDUŕ×HQJHOOHPHLŕOHYLQLQ \DOQ×]FDNXOODQ×ŕO×YHFUHWVL]ELUVHoHQHN RODUDNYHULOGLĚLQLXQXWPD\×Q3, 1 QXPDUDODU×Q\|QHWLOPHVLQLQ\DOQ×]FDEXQODU× EHOLUOH\HQNXOODQ×F×Q×Q\DGDNXUXOXŕODU×Q VRUXPOXOXĚXQGDROGXĚXQXXQXWPD\×Q 3, 1QXPDUDV×XQXWXOXUVD3KLOLSVVHUYLV PHUNH]LUQHVDKLSROGXĚXQX]X GRĚUXODG×NWDQVRQUDX\JXQELUFUHW NDUŕ×O×Ě×QGDVL]LQLoLQ3, 1
LWHNUDU D\DUOD\DELOHFHNWLU%XLŕOHPLQVWDQGDUW JDUDQWLNRŕXOODU×NDSVDP×QGDROPDG×Ě×Q× XQXWPD\×Q 6PDUWOPDJH|]HOOLĚLEXOXQDQELUPRQLW|UGH 6PDUW&RQWURO3UHPLXP·GDNLUHQNV×FDNO×N LŕOHYLQLQV5*%ŕHPDV×\DQ×WYHUPL\RU QHGHQ"
6
&YS 6PDUW, PDJHHWNLQOHŕWLULOGLĚLQGHV5*% ŕHPDV×RWRPDWLNRODUDNHQJHOOHQLU V5*%
\LNXOODQPDNLoLQ6PDUW, PDJH
× PRQLW|UQ]Q|QN×VP×QGDQ GĚPHVL LOHHQJHOOHPHOLVLQL]
47
6RUXQ*LGHUPHYH666·ODU
*HQHO666
ODU 6 0RQLW|UP]LONNH]NXUGXĚXPGD HNUDQGD
%XYLGHRPRGXQXJ|VWHUHPL\RU
J|UUVHPQH\DSPDO×\××P"
6
&'520
GDNLLQIYHLFPGRV\DODU× QHOHUGLU"6UFOHULQDV×ONXUDU×PLQIYH LFP"
&YS %XQODUPRQLW|UQ]LoLQRODQVUF GRV\DODU×G×U. XOODQ×F×HONLWDE×Q×]GDNL WDOLPDWODU×L]OH\HUHNVUFOHULNXUXQ &YS %XPRQLW|ULoLQ|QHULOHQo|]P 0RQLW|UQ]LONGHIDNXUDUNHQ [#+] ELOJLVD\DU×Q×]PRQLW|UVUFOHULQL]LLQIYH 7PNDEORODU×o×NDU×QDUG×QGDQ3&
QL]L LFPGRV\DODU×YH\DVUFGLVNLQLLVWH\HELOLU |QFHGHQNXOODQG×Ě×Q×]PRQLW|UHEDĚOD\×Q %XSDNHWWHNLQLHNOHPHN&'520UHKEHUL :LQGRZV%DŕODW0HQVQGH$\DUODU LoLQWDOLPDWODU×L]OH\LQ0RQLW|UVUFOHUL 'HQHWLP0DVDV×
Q×VHoLQ'HQHWLP0DVDV× LQIYHLFPGRV\DODU×RWRPDWLNRODUDN 3HQFHUHVLQGH*|UQWVLPJHVLQLVHoLQ NXUXODFDNW×U 'HQHWLP0DVDV×Q×*|VWHULoLQGH
$\DUODU
VHNPHVLQLVHoLQ$\DUODUVHNPHVLQGH 6 d|]QUOĚQDV×OD\DUODU×P"
PDVDVWDODQ×
HWLNHWOLNXWXGDND\DU oXEXĚX[SLNVHOHJHWLULQ &YS *|UQWNDUW×Q×]JUDILNVUFQ]YH
*HOLŕPLŕg]HOOLNOHU
LDo×QYH<HQLOHPH PRQLW|UQ]PHYFXWo|]QUONOHULELUOLNWH +×]×Q×+]GHĚHULQHD\DUOD\×QDUG×QGDQ EHOLUOHUīVWHGLĚLQL]o|]QUOĚ:LQGRZV® 7DPDP
DW×NOD\×Q 'HQHWLP0DVDV×QGD*|UQW|]HOOLNOHULLOH %LOJLVD\DU×Q×]×\HQLGHQEDŕODW×QYH$G×P ELUOLNWHVHoHELOLUVLQL] YH
WHNUDUOD\DUDN3&
QL]LQ[ #+]GHĚHULQHD\DUODQG×Ě×Q×GRĚUXOD\×Q 6 0RQLW|UD\DUODU×Q×\DSDUNHQND\EROXUVDP %LOJLVD\DU×Q×]×NDSDW×QHVNLPRQLW|UQ]Q QH\DSPDO×\×P" EDĚODQW×V×Q×NHVLQYH3KLOLSVPRQLW|UQ] &YS 6DGHFH7DPDPWXŕXQDEDV×QDUG×QGDQ EDĚOD\×Q
6×I×UOD
\×VHoHUHNLONIDEULNDYDUVD\×ODQ 0RQLW|UQ]Do×QYHDUG×QGDQ3&
QL]L D\DUODU×Q×oDĚU×Q Do×Q 6 0RQLW|ULoLQ|QHULOHQ\HQLOHPHK×]×QHGLU" 6 0RQLW|UHNUDQ×oL]LNOHUHNDUŕ×GD\DQ×NO× P×G×U"
&YS 0RQLW|UOHUGH|QHULOHQ\HQLOHPHK×]× +]
GLUHNUDQGDELUER]XOPDROPDV× GXUXPXQGD+]GHĚHULQHNDGDU D\DUOD\DUDNER]XNOXĚXQJLGLSJLWPHGLĚLQL J|UHELOLUVLQL]
&YS 3DQHO\]H\LQLQJHQHORODUDNDŕ×U×GDUEHOHUH PDUX]NDOPDPDV×YHNHVNLQ\DGDN|U QHVQHOHUHNDUŕ×NRUXQPDV×|QHULOLU0RQLW|U NXOODQ×UNHQSDQHO\]H\LQGHNLWDUDIDEDV×Qo \DGDNXYYHWX\JXODQPDG×Ě×QGDQHPLQROXQ %XGXUXPJDUDQWLŕDUWODU×Q×HWNLOH\HELOLU
48
6RUXQ*LGHUPHYH666·ODU
6
0RQLW|U\]H\LQLQDV×OWHPL]OHPHOL\LP"
6
&YS 1RUPDOWHPL]OLNLoLQWHPL]\XPXŕDN ELUEH]NXOODQ×Q. DSVDPO×WHPL]OLNLoLQ OWIHQL]RSURSLODONRONXOODQ×Q(WLODONRO HWDQRODVHWRQKHNVDQYEGLĚHUo|]FOHUL NXOODQPD\×Q 6 %LOJLVD\DU×P×QUHQND\DU×Q×GHĚLŕWLUHELOLU PL\LP"
0RQLW|UPKHUKDQJLELU3&
\HLŕ LVWDV\RQXQDYH\D0DF
HEDĚOD\DELOLUPL\LP"
&YS (YHW7P3KLOLSVPRQLW|UOHULVWDQGDUW 3&
OHU0DF
OHUYHLŕLVWDV\RQODU×LOHWDP X\XPOXGXU0RQLW|U0DFVLVWHPLQH EDĚODPDNLoLQELUNDEORDGDSW|UQHLKWL\Do GX\DELOLUVLQL]'DKDID]ODELOJLLoLQOWIHQ 3KLOLSVVDW×ŕWHPVLOFLQL]LOHWHPDVDJHoLQL]
6 3KLOLSVPRQLW|UOHUL7DNdDO×ŕW×UP×G×U" &YS (YHW5HQND\DU×Q×]×26'NRQWUROQGHQŕX &YS (YHWPRQLW|UOHU7DNdDO×ŕW×UROXS:LQGRZV SURVHGUOHULOHGHĚLŕWLUHELOLUVLQL] 9LVWD;3170DF26;YH/LQX[LOH 26'(NUDQPHQVQJ|VWHUPHNLoLQ X\XPOXGXU 7DPDPDEDV×Q 5HQNVHoHQHĚLQLEHOLUOHPHNLoLQ$ŕDĚ× 2NDEDV×QYHDUG×QGDQUHQND\DU×QD 6 0RQLW|USDQHOOHULQGHNL*|UQW<DS×ŕPDV× JLUPHNLoLQ7DPDPDEDV×Q$ŕDĚ×GDNLJLEL YH\D*|UQW<DQPDV×YH\D$UG×O*|UQW oDGHWD\DUYDUG×U YH\D+D\DOHW*|UQWQHGLU" 1. 5HQN6×FDNO×Ě×$OW×D\DUŕXQODUG×U &YS 6DELW\DGDVWDWLNJ|UQWOHULQX]XQ . . . . . VUHNHVLQWLVL]RODUDNHNUDQGDNDOPDV× YH. . DUDO×Ě×QGDNLD\DUODU \DQPD\DVHEHSRODELOLUEXD\Q×]DPDQGD LOHSDQHON×UP×]×EH\D]UHQNWRQXQGD HNUDQ×Q×]GDNLDUG×OJ|UQWYH\DKD\DOHW ¶V×FDN
J|UQU. V×FDNO×NLVH J|UQWRODUDNGDDQ×OPDNWDG×U<DQPD VRĚXNPDYLEH\D]WR]VXQDU HWNLVLDUG×ŕ×NJ|UQW\DGDJ|OJHOL 2. [. . . ]