Professional Documents
Culture Documents
/RJLQ
+RPH
$ERXWXV
'HSDUWPHQWV
$FDGHPLFV
$OXPLQL
)HHGEDFN
)DFXOW\$FKLHYHPHQWV
&RQWDFW8V
:HRIIHUHGXFDWLRQLQDQHWKLFDO SURIHVVLRQDOHQYLURQPHQW
LQZKLFKTXDOLW\GHQWDOFDUHLVSURYLGHGWRWKHSDWLHQW
+RPH
15+00RELOH'HQWDO&OLQLF
&LWL]HQV&KDUWHU
5HVHDUFK 'HYHORSPHQWV
'HQWDO+HDOWK0HOD
9LUWXDO7RXU
6WRFN3RVLWRQV
5HVHDUFK 'HYHORSPHQWV
7RRWK%UXVKLQJ7HFKQLTXH
5LJKW7R,QIRUPDWLRQ
7HQGHU 1RWLFHV
3KRWR*DOOHU\
1HZV (YHQWV
5HFUXLWPHQW
8VHIXO/LQNV
*XHVW%RRN
'LUHFWRU\
'LVFODLPHU
)$4
5HVHDUFK 'HYHORSPHQWV
7KHVWXG\RIHSLGHPLRORJ\HWLRORJ\DQGSURYLGLQJRSWLPDOWUHDWPHQWWRWKHSDWLHQWVRIFOHIW
OLSDQGSDODWHLQ'HOKL1&5UHJLRQ
3ULQFLSDO,QYHVWLJDWRU'U0DKHVK9HUPD
&R,QYHVWLJDWRU'U5DNHVK6KDUPD
0DXODQD$]DG,QVWLWXWHRI'HQWDOVFLHQFHV1HZ'HOKLVWDUWHGDUHVHDUFKSURMHFWRQFOHIWOLSDQGSDODWHLQ
DVVRFLDWLRQ ZLWK &RXQFLO IRU 6FLHQWLILF ,QGXVWULDO 'HYHORSPHQW 5HVHDUFK 1HZ 'HOKL 7KH VWXG\ LV D
PXOWLSKDVHVWXG\ZLWKSKDVH,LQYROYLQJHSLGHPLRORJ\RIFOHIWLQ'HOKLDQGFRUUHODWLQJWKHHWLRORJLFIDFWRUV
SURSRVHG 3KDVH ,, LQYROYHV WUHDWPHQW DQG UHKDELOLWDWLRQ RI WKH SDWLHQWV WR EH IROORZHG E\ 3KDVH ,,,
LQYROYLQJWKHIROORZXSRIWKHWUHDWHGSDWLHQWV
7KHILUVWGLVWULFWWREHVHOHFWHGZDVWKH(DVW'HOKLUHJLRQ'LUHFWRUDWHRIKHDOWKVHUYLFHVZDVLQVWUXPHQWDO
LQ VHOHFWLQJ DQG RUJDQL]LQJ FDPSV DW YDULRXV *RYHUQPHQW RI 'HOKL GLVSHQVDULHV 'XULQJ WKHVH FDPSV
SDWLHQWV ZHUH VFUHHQHG HGXFDWHG DQG PRWLYDWHG WR XQGHUJR WUHDWPHQW DW 0DXODQD $]DG ,QVWLWXWH RI
'HQWDO6FLHQFHV1HZ'HOKL:LWKWKHRXWVWDQGLQJVXSSRUW DQG LQYROYHPHQW RI 'HSDUWPHQW RI &RPPXQLW\
'HQWLVWU\ 0$,'6 WKH VWXG\ SURMHFW LV DOVR JRLQJ WR FRYHU RUSKDQDJHV FKLOGUHQ KRPHV DQG VOXPV
$DQJDQZDGL ZRUNHUV ORFDO 1*2V VRFLDO DQG KHDOWK ZRUNHUV KDYH DOVR EHHQ URSHG LQ WR UHDFK WKH
PD[LPXP QXPEHU RI SHRSOH SRVVLEOH 7LOO GDWH PRUH WKDQ VXEMHFWV KDYH EHHQ VFUHHQHG DQG
LGHQWLILHG SDWLHQWV DUH XQGHUJRLQJ PXOWLGLVFLSOLQDU\ UHKDELOLWDWLRQ 7KH XOWLPDWH JRDO RI WKH SURMHFW LV WR
EULQJVPLOHVRQWKHIDFHVRIWKRXVDQGVRIDIIHFWHGSDWLHQWVLQWKH'HOKL1&5DUHD
(YDOXDWLRQRIWKH2UDO6WHUHRJQRVWLF$ELOLW\RI2UDO6XEPXFRXV)LEURVLV3DWLHQWV$Q,Q9LYR
6WXG\
3ULQFLSDO,QYHVWLJDWRU'U0DKHVK9HUPD
&R,QYHVWLJDWRU'U.RPDO0DKHVKZDUL
7KH SUHVHQW VWXG\ LV EHLQJ FRQGXFWHG LQ WKH 'HSDUWPHQW RI 3URVWKRGRQWLFV 0DXODQD $]DG ,QVWLWXWH RI
'HQWDO 6FLHQFHV LQ DVVRFLDWLRQ ZLWK &RXQFLO IRU 6FLHQWLILF ,QGXVWULDO 'HYHORSPHQW 5HVHDUFK 1HZ 'HOKL
7KH SURMHFW DLPV WR HYDOXDWH RUDO VWHUHRJQRVWLF DELOLW\ RI SDWLHQWV KDYLQJ PLOG PRGHUDWH DQG DGYDQFHG
260) 6WXG\ JURXS DQG RI VXEMHFWV IUHH IURP DQ\ RUDO V\PSWRPV &RQWURO JURXS DQG WR UHODWH WKH
ILQGLQJVRIWKLVVWXG\WRFOLQLFDOLPSOLFDWLRQV LQ WKH WUHDWPHQW RI SURVWKHWLF SDWLHQWV 7KH VWXG\ FRPSULVHV
RI D VWXG\ JURXS *URXS 6 DQG D FRQWURO *URXS & JURXS 7ZHOYH WHVW SLHFHV PDGH IURP UDZ FDUURW
XVLQJ DQ DFU\OLF VKHHW LQ ZKLFK WKH VKDSHV KDYH EHHQ FXW XVLQJ D FRPSXWHUL]HG ODVHU PDFKLQH DUH EHLQJ
XVHGWRGHWHUPLQHWKH6WHUHRJQRVWLF$ELOLW\LQWKHVXEMHFWV
7KH WHVW SLHFHV DUH SUHVHQWHG LQ D UDQGRP RUGHU RQ WR WKH VXEMHFWV WRQJXH DQG WKH\ DUH WKHQ LQVWUXFWHG
WRPDQLSXODWHWKHLQWURGXFHGSLHFHIUHHO\LQWKHLURUDOFDYLW\1RWLPHOLPLWLVVHWIRUWKHWHVWDQGWKHWHVW
LVSHUIRUPHGWKUHHWLPHVE\HDFKVXEMHFWLQDOOWKHIRXUJURXSV
2UDO VWHUHRJQRVWLF DELOLW\ LV HYDOXDWHG RQ WKH EDVLV RI FRUUHFW UHFRJQLWLRQ UHVSRQVHV WR WKH WHVW SLHFHV
0RUHWKDQSDWLHQWVDUHFXUUHQWO\HQUROOHGLQWKHVWXG\LQYDULRXVJURXSV
6WXG\ RI YDULRXV PHFKDQLFDO SURSHUWLHV RI GHQWLQ SRVW LWV FRPSDULVRQ ZLWK FXUUHQWO\
DYDLODEOHSRVWV\VWHPVDQGLWVFOLQLFDOLPSOLFDWLRQVLQKXPDQVXEMHFWV
3ULQFLSDO,QYHVWLJDWRU'U0DKHVK9HUPD
&R,QYHVWLJDWRUV'U$PELFD.DWKXULD.KHWDUSDO
'U6DQJHHWD7DOZDU
0DQ\VWXGLHVKDYHVXJJHVWHGWKDWSRVWPDWHULDOVKRXOGKDYHDOOSURSHUWLHVVLPLODUWRGHQWLQ
KRZHYHUWKHUHLVDQHQWLUHODFNRILQYLWURDQGLQYLYRVWXGLHVUHJDUGLQJWKHXVDJHRIGHQWLQLWVHOIDVSRVW
PDWHULDO7KHSURSRVHGVWXG\LVEHLQJFDUULHGRXWDW'HSDUWPHQWRI&RQVHUYDWLYH'HQWLVWU\0DXODQD$]DG
,QVWLWXWH RI 'HQWDO 6FLHQFHV LQ DVVRFLDWLRQ ZLWK &RXQFLO IRU 6FLHQWLILF ,QGXVWULDO 'HYHORSPHQW 5HVHDUFK
1HZ 'HOKL 7KH DLP RI WKLV VWXG\ LV WR LQYHVWLJDWH YDULRXV SK\VLFDO DQG PHFKDQLFDO SURSHUWLHV RI GHQWLQ
SRVWV PLOOHG IURP KXPDQ URRW GHQWLQ VR WKDW D FRPSDULVRQ FDQ EH PDGH ZLWK RWKHU FXUUHQWO\ DYDLODEOH
SRVW V\VWHPV $Q XQGHUVWDQGLQJ RI WKLV DVSHFW ZRXOG SURYLGH DQ LQYDOXDEOH LQVLJKW LQ LPSURYLQJ WKH
FOLQLFDORXWFRPHLQSDWLHQWVUHTXLULQJSRVWDQGFRUHUHVWRUDWLRQVIRUDQWHULRUWHHWK
5HVHDUFK3URMHFWV$W0$,'6
VXFFHVVIXOO\FRPSOHWHG:+23URMHFWV
2QJRLQJ 1HZ 0LOOHQQLXP ,QGLDQ 7HFKQRORJ\ /HDGHUVKLS LQLWLDWLYH 'HQWDO ,PSODQW 3URMHFW 10,7/,
LQFROODERUDWLRQZLWK&6,5
2QJRLQJ&6,53URMHFWV
,&053URMHFWV
'HSWRI6FLHQFH 7HFKQRORJ\3URMHFW
FRPSOHWHGWKHVLVRQJRLQJWKHVLV