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UNIVERZITET SINGIDUNUM

Dejan ivkovi

JAVA PR O G R A M IR A N JE

Drugo izdanje

Beograd, 2013.
JAVA PROGRAMIRANJE

Autor:
dr Dejan ivkovi

Recenzent:
dr Dragan Cvetkovi
dr Slavko Pei

Izdava:
UNIVERZITET SINGIDUNUM
Beograd, Danijelova 32
www.singidunum.ac.rs

Za izdavaa:
dr Milovan Stanii

Tehnika obrada:
Dejan ivkovi

Dizajn korica:
Aleksandar Mihajlovi

Godina izdanja:
2013.

Tira:
300 primeraka

tampa:
Mladost Grup
Loznica

ISBN: 9788679124678

Copyright:
2013. Univerzitet Singidunum
Izdava zadrava sva prava.
Reprodukcija pojedinih delova ili celine ove publikacije nije dozvoljeno.
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  0 +

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  0 +

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  0 +

NFUPEB J[WSBWBKV OBSFECF V UFMV NFUPEB V[ QSFUIPEOJ QSFOPT BSHVNFOB


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EFMB
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0WF QSPNFOF TV QPUQVOP OF[BWJTOF PE ESVHJI QSPHSBNB LPKJ LPSJTUF


LMBTV 5DGQLN J UJ QSPHSBNJ TF OF NPSBKV VPQUF NFOKBUJ BL OJ QPOPWP QSF
WPEJUJ
EB CJ JTQSBWOP SBEJMJ LBP SBOJKF 6 PQUFN TMVBKV HFUFSJ J TFUFSJ
QB J PTUBMJ NFUPEJ WFSPWBUOP NPSBKV QSFUSQFUJ WFMJLF J[NFOF SBEJ QSFMBTLB
TB TUBSF OB OPWV JNQMFNFOUBDJKV LMBTF "MJ QPFOUB FOLBQTVMBDJKF KF EB TUBSJ
QSPHSBNJ LPKJ LPSJTUF OPWV WFS[JKV LMBTF OF NPSBKV VPQUF EB TF NFOKBKV

 4MVCFOB SF WKLV

0CKFLUOJ NFUPEJ OFLF LMBTF TF QSJNFOKVKV [B QPKFEJOF PCKFLUF UF LMBTF


J UPLPN TWPH J[WSBWBOKB UJ NFUPEJ LPSJTUF LPOLSFUOF WSFEOPTUJ QPMKB POJI
PCKFLBUB [B LPKF TV QP[WBOJ /B QSJNFS PCKFLUOJ NFUPE SRYHDM3ODWX
LMBTF 5DGQLN J[ QSFUIPEOPH PEFMKLB
SXEOLF YRLG SRYHDM3ODWX GRXEOH SURFHQDW ^
SODWD  SODWD SURFHQDW  
`

EPEFMKVKF OPWV WSFEOPTU QPMKV SODWD LPKF QSJQBEB PCKFLUV [B LPKJ TF PWBK
NFUPE QP[PWF &GFLBU QP[JWB SFDJNP
SHUDSRYHDM3ODWX  

TBTUPKJ TF PE QPWFBOKB WSFEOPTUJ QPMKB SODWD [B  POPH PCKFLUB OB LPKJ


VLB[VKF QSPNFOMKJWB SHUD UJQB 5DGQLN %SVHJN SFJNB PWBK FGFLBU KF FLWJ
WBMFOUBO J[WSBWBOKV OBSFECF EPEFMF
  ,

SHUDSODWD  SHUDSODWD   

4MJOP BLP OB OFLJ ESVHJ PCKFLBU LMBTF 5DGQLN VLB[VKF QSPNFOMKJWB OD
]D POEB TF QP[JWPN

OD]DSRYHDM3ODWX  

VWFBWB [B  WSFEOPTU QPMKB SODWD UPH ESVHPH PCKFLUB PEOPTOP UBK FGFLBU
KF FLWJWBMFOUBO J[WSBWBOKV OBSFECF EPEFMF
OD]DSODWD  OD]DSODWD   

1SFNB UPNF QP[JW PCKFLUOPH NFUPEB SRYHDM3ODWX TBESJ EWB BSHV


NFOUB 1SWJ JNQMJDJUOJ BSHVNFOU TF OBMB[J JTQSFE JNFOB NFUPEB J VLB[VKF
OB PCKFLBU LMBTF 5DGQLN [B LPKJ TF NFUPE QP[JWB %SVHJ FLTQMJDJUOJ BSHV
NFOU TF OBMB[J J[B JNFOB NFUPEB V [BHSBEBNB
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QP[JWB NFUPEB OBWPEF V EFOJDJKJ NFUPEB 4 ESVHF TUSBOF QBSBNFUBS LPKJ
PEHPWBSB JNQMJDJUOPN BSHVNFOUV TF OF OBWPEJ V EFOJDJKJ NFUPEB BMJ TF
NPF LPSJTUJUJ V TWBLPN NFUPEV /KFHPWB P[OBLB V +BWJ KF TMVCFOB SF
WKLV 6 PWPN TMVBKV EBLMF SF WKLV P[OBBWB QSPNFOMKJWV LMBTOPH UJQB
LPKB V USFOVULV QP[JWB NFUPEB EPCJKB WSFEOPTU SFGFSFODF OB PCKFLBU [B LPKJ
KF NFUPE QP[WBO 5P [OBJ EB TF SFDJNP V NFUPEV SRYHDM3ODWX NPF
QJTBUJ
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WKLVSODWD  WKLVSODWD SURFHQDW  
`

1SJNFUJNP EB KF PWEF SF WKLV V[ QPMKF SODWD OFQPUSFCOB J EB TF QPESB[V


NFWB *QBL OFLJ QSPHSBNFSJ VWFL LPSJTUF PWBK TUJM QJTBOKB KFS TF UBLP KBTOP
SB[MJLVKV PCKFLUOB QPMKB LMBTF PE MPLBMOJI QSPNFOMKJWJI NFUPEB
1SJMJLPN QP[JWB LPOTUSVLUPSB JNQMJDJUOJ QBSBNFUBS WKLV VLB[VKF OB
PCKFLBU LPKJ TF LPOTUSVJF ;CPH UPHB TF QBSBNFUSJNB LPOTUSVLUPSB FTUP
EBKV JTUB JNFOB LPKB JNBKV PCKFLUOB QPMKB LMBTF B V UFMV LPOTUSVLUPSB TF UB
QPMKB QJV TB QSFLTPN WKLV /B QSJNFS
SXEOLF 5DGQLN 6WULQJ LPH ORQJ MPEJ LQW VWD GRXEOH SODWD ^
WKLVLPH LPH
WKLVMPEJ MPEJ
WKLVVWD VWD
 4MVCFOB SF WKLV 

WKLVSODWD SODWD
`

1SFEOPTU PWPH TUJMB QJTBOKB LPOTUSVLUPSB KF UP UP OF NPSBKV TNJMKBUJ


EPCSB JNFOB [B QBSBNFUSF LPOTUSVLUPSB LPKJNB TF KBTOP VLB[VKF UB TWBLJ
PE OKJI [OBJ 1SJNFUJNP EB TF V UFMV LPOTUSVLUPSB NPSBKV QJTBUJ QVOB JNF
OB QPMKB TB QSFLTPN WKLV KFS OFNB TNJTMB QJTBUJ OBSFECV EPEFMF SFDJNP
LPH LPH 6 TUWBSJ UP CJ CJMP QPHSFOP KFS TF LPH V UFMV LPOTUSVLUPSV PE
OPTJ OB QBSBNFUBS LPOTUSVLUPSB ;BUP CJ TF OBSFECPN LPH LPH WSFEOPTU
QBSBNFUSB LPH PQFU EPEFMJMB OKFNV TBNPN B PCKFLUOP QPMKF LPH CJ PTUBMP
OFQSPNFOKFOP
6 QSFUIPEOJN QSJNFSJNB OJKF OFPQIPEOP LPSJTUJUJ QSPNFOMKJWV WKLV
6 QSWPN QSJNFSV TF POB JNQMJDJUOP EPEBKF QB KF OKFOP JTUJDBOKF WJF PE
MJLB MJOPH TUJMB 6 ESVHPN QSJNFSV TF NPF J[CFJ OKFOB VQPUSFCB EBWB
OKFN JNFOB QBSBNFUSJNB LPOTUSVLUPSB LPKB TV SB[MJJUB PE POJI LPKB JNBKV
PCKFLUOB QPMKB
*QBL V OFLJN TMVBKFWJNB KF QSPNFOMKJWB WKLV OFPQIPEOB J CF[ OKF TF
OF NPF EPCJUJ FMKFOB GVOLDJPOBMOPTU %B CJTNP UP QPLB[BMJ QSFUQPTUBWJ
NP EB KF LMBTJ 5DGQLN QPUSFCOP EPEBUJ PCKFLUOJ NFUPE LPKJN TF VQPSFVKV
EWB SBEOJLB OB PTOPWV OKJIPWJI QMBUB 5BOJKF USFCB OBQJTBUJ PCKFLUOJ NF
UPE YHH2G UBLP EB TF QP[JWPN UPH NFUPEB V PCMJLV OB QSJNFS
SHUDYHH2G OD]D

PE EWB EBUB PCKFLUB OB LPKF VLB[VKV QSPNFOMKJWF SHUD J OD]D LBP SF[VMUBU
EPCJKB SFGFSFODB OB POBK PCKFLBU LPKJ JNB WFV QMBUV 0WBK NFUPE NPSB LP
SJTUJUJ QSPNFOMKJWV WKLV KFS SF[VMUBU NFUPEB NPF CJUJ JNQMJDJUOJ QBSBNFUBS
NFUPEB
SXEOLF 5DGQLN YHH2G 5DGQLN GUXJL ^
LI WKLVJHW3ODWD ! GUXJLJHW3ODWD
UHWXUQ WKLV
HOVH
UHWXUQ GUXJL
`

0CSBUJUF PWEF QBOKV OB UP EB TF V [BQJTV WKLVJHW3ODWD NPF J[PTUBWJUJ


QSPNFOMKJWB WKLV KFS TF CF[ OKF QP[JW NFUPEB JHW3ODWD JPOBLP PEOPTJ OB
JNQMJDJUOJ QBSBNFUBS NFUPEB YHH2G P[OBFO QSPNFOMKJWPN WKLV 4 ESV
  ,

HF TUSBOF QSPNFOMKJWB WKLV KFTUF PCBWF[OB V OBSFECJ UHWXUQ WKLV V QSWPK


HSBOJ LI OBSFECF KFS KF SF[VMUBU NFUPEB YHH2G V UPK HSBOJ CB JNQMJDJUOJ
QBSBNFUBS PWPH NFUPEB
4MVCFOB SF WKLV JNB KP KFEOP QPUQVOP ESVHBJKF [OBFOKF PE QSFU
IPEOPH /BJNF LPOTUSVLUPS LMBTF KF PCJBO NFUPE LPKJ TF NPF QSFPQUFSF
JWBUJ QB KF NPHVF JNBUJ WJF LPOTUSVLUPSB TB SB[MJJUJN QPUQJTPN V JTUPK
LMBTJ 6 UPN TMVBKV TF SB[MJJUJ LPOTUSVLUPSJ NPHV NFVTPCOP QP[JWBUJ BMJ
TF QP[JW KFEOPH LPOTUSVLUPSB VOVUBS ESVHPH QJF V PCMJLV

WKLV OLVWDDUJXPHQDWD 

/B QSJNFS VLPMJLP LMBTJ 5DGQLN USFCB EPEBUJ KP KFEBO LPOTUSVLUPS LP


KJN TF JOJDJKBMJ[VKF QSJQSBWOJL CF[ SBEOPH TUBB J TB LTOPN QMBUPN UP TF
NPF VSBEJUJ OB TUBOEBSEBO OBJO
SXEOLF 5DGQLN 6WULQJ LPH ORQJ MPEJ ^
WKLVLPH LPH
WKLVMPEJ MPEJ
WKLVVWD 
WKLVSODWD 
`

"MJ VNFTUP UPHB OPWJ LPOTUSVLUPS TF NPF LSBF QJTBUJ


SXEOLF 5DGQLN 6WULQJ LPH ORQJ MPEJ ^
WKLV LPHMPEJ 
`

6 UFMV PWPH LPOTUSVLUPSB KF [BQJTPN


WKLV LPHMPEJ 

P[OBFO QP[JW QSWPCJUOPH LPOTUSVLUPSB LMBTF 5DGQLN TB FUJSJ QBSBNFUSB


" J[WSBWBOKF UPH LPOTUSVLUPSB TB OBWFEFOJN BSHVNFOUJNB KF FLWJWBMFOUOP
CB POPNF UP USFCB VSBEJUJ [B QSJQSBWOJLB
1SFEOPTU QSJNFOF TMVCFOF SFJ WKLV V PWPN LPOUFLTUV KF EBLMF UP UP
TF [BKFEOJLF OBSFECF [B LPOTUSVJTBOKF PCKFLBUB NPHV QJTBUJ TBNP OB KFE
OPN NFTUV V OBKPQUJKFN LPOTUSVLUPSV 0OEB TF QP[JWPN UPH LPOTUSVL
UPSB QPNPV WKLV TB PEHPWBSBKVJN BSHVNFOUJNB NPHV PCF[CFEJUJ ESVHJ
LPOTUSVLUPSJ [B JOJDJKBMJ[PWBOKF TQFDJOJKJI PCKFLBUB 1SJ UPNF USFCB JNBUJ
 4MVCFOB SF WKLV 

V WJEV J KFEOP PHSBOJFOKF QP[JW OFLPH LPOTUSVLUPSB QPNPV WKLV NPSB


CJUJ QSWB OBSFECB V ESVHPN LPOTUSVLUPSV ;BUP OJKF JTQSBWOP QJTBUJ
SXEOLF 5DGQLN 6WULQJ LPH ORQJ MPEJ ^
6\VWHPRXWSULQWOQ .RQVWUXLVDQ SULSUDYQLN   
WKLV LPHMPEJ 
`

BMJ KFTUF JTQSBWOP


SXEOLF 5DGQLN 6WULQJ LPH ORQJ MPEJ ^
WKLV LPHMPEJ 
6\VWHPRXWSULQWOQ .RQVWUXLVDQ SULSUDYQLN   
`
(-"7" 

TOPWOB KFEJOJDB [B VWBOKF QPEBUBLB V QSPHSBNV KF QSPNFOMKJWB

0 "MJ KFEOB QSPNFOMKJWB V TWBLPN USFOVULV NPF TBESBUJ TBNP KFE


OV WSFEOPTU "LP KF V QSPHSBNV QPUSFCOP JTUPWSFNFOP JNBUJ OB
SBTQPMBHBOKV WJF TSPEOJI QPEBUBLB LPKJ JOF KFEOV DFMJOV POEB TF V +BWJ
POJ NPHV VWBUJ V GPSNJ PCKFLUB LPKJ TF TBTUPKJ TBNP PE QPMKB CF[ NFUPEB
5BLWB GPSNB PSHBOJ[BDJKF QPEBUBLB TF V ESVHJN KF[JDJNB OB[JWB TMPH 5P NF
VUJN JNB TNJTMB TBNP [B NBMJ CSPK QPEBUBLB KFS EFOJTBOKF WFMJLPH CSPKB
QPMKB OJKF MBLP J[WPEMKJWP [CPH UPHB UP TWB QPMKB NPSBKV JNBUJ SB[MJJUB JNF
OB
*TUPWSFNFOP SBTQPMBHBOKF WFMJLJN BL OFPHSBOJFOJN
CSPKFN QPEB
UBLB [BIUFWB QPTFCBO OBJO SBEB TB OKJNB LPKJ PNPHVBWB SFMBUJWOP MBLP
EPEBWBOKF VLMBOKBOKF QSFUSBJWBOKF J TMJOF PQFSBDJKF TB QPKFEJOBOJN QP
EBDJNB "LP TF JNB V WJEV LPMFLDJKB QPEBUBLB PSHBOJ[PWBOJI V PWPN TNJ
TMV POEB TF HPWPSJ P TUSVLUVSJ QPEBUBLB 6 PWPN QPHMBWMKV TF HPWPSJ P OBK
PTOPWOJKPK TUSVLUVSJ QPEBUBLB V +BWJ LPKB TF OB[JWB OJ[

 +FEOPEJNFO[JPOBMOJ OJ[PWJ

/J[ KF TUSVLUVSB QPEBUBLB LPKB QSFETUBWMKB OVNFSJTBO OJ[ QSPNFOMKJWJI


JTUPH UJQB 1PKFEJOBOF QSPNFOMKJWF V OJ[V TF OB[JWBKV FMFNFOUJ OJ[B B OKJ
IPW SFEOJ CSPK V OJ[V TF OB[JWB JOEFLT 6LVQBO CSPK FMFNFOBUB OJ[B TF OB[J
WB EVJOB OJ[B %VJOB OJ[B KF KFEJOB tIPSJ[POUBMOBu EJNFO[JKB OJ[B FMFNF
OBUB QSPNFOMKJWJI
QB TF [B PWV WSTUV OJ[PWB LBF EB TV KFEOPEJNFO[JP


  /

OBMOJ VLPMJLP JI KF QPUSFCOP SB[MJLPWBUJ PE WJFEJNFO[JPOBMOJI LPKJ QPSFE


EVJOF NPHV JNBUJ J WJTJOV EVCJOV J UBLP EBMKF
6 +BWJ OVNFSBDJKB FMFNFOBUB OJ[B QPJOKF PE OVMF 5P [OBJ EB BLP KF
EVJOB OJ[B POEB JOEFLT OFLPH FMFNFOUB OJ[B NPF CJUJ V JOUFSWBMV PE 
EP 4WJ FMFNFOUJ OJ[B NPSBKV CJUJ JTUPH UJQB LPKJ TF OB[JWB CB[OJ UJQ OJ[B
;B CB[OJ UJQ FMFNFOBUB OJ[B OFNB PHSBOJFOKB UP NPF CJUJ CJMP LPKJ UJQ
V +BWJ QSJNJUJWOJ JMJ LMBTOJ
/J[ FMFNFOBUB TF LBP DFMJOB V QSPHSBNV QSFETUBWMKB KFEOPN QSPNFOMKJ
WPN TQFDJKBMOPH OJ[PWOPH UJQB 3BEJ KFEOPTUBWOJKFH J[SBBWBOKB PWB TBNB
QSPNFOMKJWB TF FTUP OB[JWB OJ[ NBEB KF QSFDJ[OJKF SFJ tQSPNFOMKJWB LPKB
VLB[VKF OB OJ[ FMFNFOBUBu ;B P[OBBWBOKF CJMP LPH FMFNFOUB OJ[B TF LP
SJTUJ [BQJT LPKJ TF TBTUPKJ PE JNFOB UF QSPNFOMKJWF J JOEFLTB PEHPWBSBKVFH
FMFNFOUB V VHMBTUJN TSFEOKJN
[BHSBEBNB /B QSJNFS OJ[ D PE  FMF
NFOBUB TF TBTUPKJ PE  QSPNFOMKJWJI JTUPH UJQB JKJ KF LPODFQUVBMOJ J[HMFE
QSJLB[BO OB TMJDJ 

D>@ D>@ D>@ D>@

4MJLB  /J[ D PE  FMFNFOBUB

4WBLJ FMFNFOU OJ[B KF PCJOB QSPNFOMKJWB CB[OPH UJQB OJ[B J NPF JNBUJ
CJMP LPKV WSFEOPTU CB[OPH UJQB /B QSJNFS BLP KF CB[OJ UJQ OJ[B D OB TMJDJ 
EFOJTBO EB CVEF LQW POEB KF TWBLB PE  QSPNFOMKJWJI D>@ D>@ D>@
w D>@ PCJOB DFMPCSPKOB QSPNFOMKJWB LPKB TF V QSPHSBNV NPF LPSJTUJUJ
OB TWBLPN NFTUV HEF TV EP[WPMKFOF DFMPCSPKOF QSPNFOMKJWF

%FOJTBOKF OJ[PWB
6 +BWJ KF OJ[ FMFNFOBUB SFBMJ[PWBO OB PCKFLUOP PSJKFOUJTBO OBJO OJ[PWJ
TF V +BWJ TNBUSBKV TQFDJKBMOPN WSTUPN PCKFLBUB 1PKFEJOBOJ FMFNFOUJ OJ[B
TV V TVUJOJ QPMKB VOVUBS PCKFLUB OJ[B T UJN UP TF POB OF P[OBBWBKV TWPKJN
JNFOJNB OFHP JOEFLTJNB
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1PTFCOPTU OJ[PWB V +BWJ TF PHMFEB J V UPNF UP NBEB LBP PCKFLUJ NPSBKV


QSJQBEBUJ OFLPK LMBTJ OKJIPWB LMBTB OF NPSB EB TF EFOJF V QSPHSBNV /B
JNF TWBLPN QPTUPKFFN UJQV 7 TF BVUPNBUTLJ QSJESVVKF LMBTB OJ[PWB LPKB
TF P[OBBWB 7>@ 0WB LMBTB 7>@ KF VQSBWP POB LPKPK QSJQBEB PCKFLBU OJ[B
JKJ TV QPKFEJOBOJ FMFNFOUJ UJQB 7 5BLP OB QSJNFS UJQV LQW PEHPWBSB LMB
TB LQW>@ JKJ TV PCKFLUJ TWJ OJ[PWJ CB[OPH UJQB LQW *MJ BLP KF V QSPHSBNV
EFOJTBOB LMBTB 6WXGHQW POEB KF BVUPNBUTLJ SBTQPMPJWB J LMBTB 6WXGHQW>@
LPKPK QSJQBEBKV TWJ PCKFLUJ OJ[PWB CB[OPH UJQB 6WXGHQW
;B PCKFLUF LMBTF 7>@ TF LPSJTUJ LSBJ UFSNJO tOJ[ CB[OPH UJQB 7u JMJ FF
KP LSBJ tOJ[ UJQB 7u 1SJNFUJNP EB TV TUSPHP HPWPSFJ UJ UFSNJOJ OFQSFDJ[OJ
KFS TF POEB OJ[PN OB[JWB J LMBTB J PCKFLBU /BEBNP TF JQBL EB QPTMF QPFU
OPH VQP[OBWBOKB PWB EWPTNJTMFOPTU OFF J[B[WBUJ LPOGV[JKV LPE JUBMBDB
1PTUPKBOKF LMBTOPH UJQB OJ[B SFDJNP LQW>@ PNPHVBWB EB TF EFOJF
OFLB QSPNFOMKJWB UPH LMBTOPH UJQB /B QSJNFS
LQW>@ D

,BP J TWBLB QSPNFOMKJWB LMBTOPH UJQB PWB QSPNFOMKJWB D NPF TBESBUJ SFGF
SFODV OB OFLJ PCKFLBU LMBTF LQW>@ " LBP UP TNP VQSBWP PCKBTOJMJ PCKFLUJ
LMBTF LQW>@ TV OJ[PWJ CB[OPH UJQB LQW ,BP J TWBLJ PCKFLBU PCKFLBU OJ[B UJQB
LQW>@ TF LPOTUSVJF PQFSBUPSPN QHZ EPEVF V QPTFCOPN PCMJLV B SFGFSFO
DB OB UBK OPWJ OJ[ TF [BUJN NPF EPEFMJUJ QSPNFOMKJWPK D /B QSJNFS
D QHZ LQW>@

6 PWPK OBSFECJ EPEFMF WSFEOPTU  V VHMBTUJN [BHSBEBNB J[B SFJ LQW PESF
VKF CSPK FMFNFOBUB OJ[B LPKJ TF LPOTUSVJF 1SFUIPEOB EWB LPSBLB TF LBP
UP KF UP VPCJBKFOP NPHV LSBF QJTBUJ KFEOPN OBSFECPN
LQW>@ D QHZ LQW>@

0WPN OBSFECPN TF BMPDJSB QSPNFOMKJWB D LMBTOPH UJQB LQW>@ LPOTUSVJF TF


PCKFLBU OJ[B PE  FMFNFOBUB LPKJ TV TWJ QSJNJUJWOPH UJQB LQW J SFGFSFODB
OB OPWPLPOTUSVJTBOJ PCKFLBU OJ[B EPEFMKVKF TF QSPNFOMKJWPK D &GFLBU QSFU
IPEOF OBSFECF KF JMVTUSPWBO OB TMJDJ 
4WBLJ PE  FMFNFOBUB LPOTUSVJTBOPH OJ[B D KF PCJOB QSPNFOMKJWB UJQB
LQW JKJ TBESBK NPF CJUJ CJMP LPKB DFMPCSPKOV WSFEOPTU UJQB LQW 1PNFOVMJ
TNP EB TF FTUP [B QSPNFOMKJWV LPKB VLB[VKF OB OFLJ OJ[ LSBF LBF EB KF POB
TN UBK OJ[ 5BLP TF V PWPN QSJNFSV LSBF LBF tOJ[ D PE  FMFNFOBUBu
  /

D>@ D>@ D>@ D>@

4MJLB  0CKFLBU OJ[B D PE  FMFNFOBUB DFMPCSPKOPH UJQB

.FVUJN QSPNFOMKJWB D KF PCJOB QSPNFOMKJWB LMBTOPH UJQB J OKFOB WSFE


OPTU NPF CJUJ TBNP SFGFSFODB OB OFLJ PCKFLBU OJ[B JMJ TQFDJKBMOB SFGFSFODB
QXOO
%FOJDJKB OJ[B JKJ KF CB[OJ UJQ ESVHBJKJ QSJNJUJWOJ UJQ PE LQW OJKF NOP
HP ESVHBJKB SF LQW USFCB [BNFOUJ JNFOPN ESVHPH QSJNJUJWOPH UJQB J V
VHMBTUJN [BHSBEBNB OBWFTUJ QPUSFCOV EVJOV OJ[B /FUP TMJOP WBJ J [B
OJ[PWF JKJ KF CB[OJ UJQ OFLJ LMBTOJ UJQ /B QSJNFS
6WXGHQW>@ V QHZ 6WXGHQW>@

0WPN EFOJDJKPN TF BMPDJSB QSPNFOMKJWB V LMBTOPH UJQB 6WXGHQW>@ LPO


TUSVJF TF OJ[ PE  FMFNFOBUB LMBTOPH UJQB 6WXGHQW J SFGFSFODB OB OPWJ OJ[ TF
EPEFMKVKF QSPNFOMKJWPK V 4WBLJ PE  FMFNFOBUB PWPH OJ[B QSFETUBWMKB QSP
NFOMKJWV LMBTOPH UJQB 6WXGHQW JKJ TBESBK NPF CJUJ SFGFSFODB OB PCKFLUF
LMBTF 6WXGHQW JMJ QXOO +FEBO QSJNFS TBESBKB OJ[B V QSJLB[BO KF OB TMJDJ 
V

QXOO

V>@ V>@ V>@ V>@

6WXGHQW 6WXGHQW

4MJLB  0CKFLBU OJ[B V TB FMFNFOUJNB LMBTOPH UJQB 6WXGHQW

6 PQUFN TMVBKV BLP KF 1 DFMPCSPKOJ J[SB[ POEB TF PQFSBUPSPN QHZ V


J[SB[V
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QHZ ED]QLWLS>1@

LPOTUSVJF OJ[ LPKJ LBP PCKFLBU QSJQBEB LMBTJ ED]QLWLS>@ J WSBB TF SFGFSFO
DB OB UBK OJ[ *[SBVOBUB WSFEOPTU DFMPCSPKOPH J[SB[B 1 V VHMBTUJN [BHSB
EBNB PESFVKF EVJOV UPH OJ[B PEOPTOP CSPK OKFHPWJI FMFNFOBUB
/BLPO LPOTUSVJTBOKB OFLPH OJ[B CSPK FMFNFOUB UPH OJ[B TF OF NPF
QSPNFOJUJ 1SFNB UPNF JBLP TF NPF QJTBUJ SFDJNP
LQW N 
GRXEOH>@ [ QHZ GRXEOH> N@

UP OF [OBJ EB KF CSPK FMFNFOBUB SFBMOPH OJ[B [ QSPNFOMKJW WF KF LTJSBO


V USFOVULV OKFHPWPH LPOTUSVJTBOKB WSFEOPV DFMPCSPKOPH J[SB[B  N V
VHMBTUJN [BHSBEBNB LPKB J[OPTJ  6 PWPN QSJNFSV EBLMF OJ[ [ JNB UBOP
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QPWFBUJ
4WBLJ OJ[ V +BWJ QPSFE TWPKJI FMFNFOBUB BVUPNBUTLJ TBESJ J KFEOP KBW
OP DFMPCSPKOP QPMKF OHQJWK V LPKFN TF OBMB[J EVJOB OJ[B ;BUP V QSFUIPE
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OF LMBTF 'HWH 0WBK OBEKBBO NFUPE JNB QSJTUVQ QPMKJNB LPH J X]UDVW QB
NPF QSJLB[BUJ OKJIPWF WSFEOPTUJ /B QSJNFS J[WSBWBOKFN OBSFECF
8HQLN X QHZ 8HQLN /D]D /D]L  JLPQD]LMD  

EPCJKBKV TF TMFEFJ QPEBDJ OB FLSBOV


.RQVWUXLVDQ XHQLN 

,PH /D]D /D]L


8]UDVW 
NROD JLPQD]LMD
5D]UHG 

1SJNFUJNP KP EB CJ CJMP QPHSFOP EB TF V NFUPEV SULNDL LMBTF 8H


  /

QLN QP[JWB OBEKBBO NFUPE LMBTF 'HWH CF[ SFJ VXSHU JTQSFE NFUPEB SULND
L  5P CJ POEB [OBJMP EB TF [BQSBWP SFLVS[JWOP QP[JWB NFUPE SULNDL
LMBTF 8HQLN QB CJ TF EPCJP CFTLPOBBO MBOBD QP[JWB UPH NFUPEB
0WBK NBMJ QSJNFS OBTMFJWBOKB QPLB[VKF V TUWBSJ HMBWOV QSJNFOV TMV
CFOF SFJ VXSHU V PQUFN TMVBKV /BJNF POB TF LPSJTUJ V TMVBKFWJNB LBEB
OPWJ NFUPE TB JTUJN QPUQJTPN V LMBTJ OBTMFEOJDJ OF USFCB EB QPUQVOP [B
NFOJ GVOLDJPOBMOPTU OBTMFFOPH NFUPEB WF OPWJ NFUPE USFCB EB QSPJSJ
GVOLDJPOBMOPTU OBTMFFOPH NFUPEB 6 OPWPN NFUPEV TF UBEB NPF LPSJ
TUJUJ TMVCFOB SF VXSHU [B QP[JWBOKF OBEKBBOPH NFUPEB J[ OBTMFFOF LMBTF
B EPEBUOJN OBSFECBNB TF NPF QSPJSJUJ OKFHPWB GVOLDJPOBMOPTU 6 QSFU
IPEOPN QSJNFSV KF NFUPE SULNDL [B QSJLB[JWBOKF QPEBUBLB P VFOJLV
QSPJSJWBP GVOLDJPOBMOPTU NFUPEB SULNDL [B QSJLB[JWBOKF QPEBUBLB P
EFUFUV
6 QSFUIPEOPN QSJNFSV CJ TF NPHMP QSJHPWPSJUJ EB OJTNP OJ NPSBMJ EB
LPSJTUJNP SF VXSHU /BJNF EB TNP EP[WPMJMJ EB QSJTUVQ QPMKJNB LPH J X]
UDVW OBTMFFOF LMBTF 'HWH CVEF KBWBO JMJ [BUJFO V NFUPEV SULNDL QSP
JSFOF LMBTF 8HQLN NPHMJ CJTNP EB EJSFLOP QSJLBFNP OKJIPWF WSFEOPTUJ
"MJ PCSBUJUF QBOKV OB UP EB TNP LPSJFOKFN SFJ VXSHU V QSFUIPEOPN QSJ
NFSV NPHMJ EB QSPJSJNP GVOLDJPOBMOPTU NFUPEB SULNDL LMBTF 8HQLN
BL J EB OJTNP [OBMJ LBLP KF OBQJTBO OBEKBBO NFUPE V LMBTJ 'HWH " UP KF UJ
QJOJ TMVBK V QSBLTJ KFS QSPHSBNFSJ WSMP FTUP QSPJSVKV OFJKF HPUPWF LMBTF
JKJ J[WPSOJ UFLTU OF QP[OBKV JMJ OF NPHV EB NFOKBKV

3BEJ LPNQMFUOPTUJ QPNFOJNP OB LSBKV J NPHVOPTU TQSFBWBOKB EB OF
LJ NFUPE V OBTMFFOPK LMBTJ CVEF OBEKBBO 5P TF PCF[CFVKF OBWPFOKFN
NPEJLBUPSB ILQDO V [BHMBWMKV NFUPEB /B QSJNFS
SXEOLF ILQDO YRLG QHNL0HWRG ^  `

1PETFUJNP TF EB TF NPEJLBUPSPN ILQDO [B QSPNFOMKJWF J QPMKB


POF
NPHVBWB QSPNFOB OKJIPWF WSFEOPTUJ OBLPO OKJIPWF JOJDJKBMJ[BDJKF 6 TMV
BKV NFUPEB NPEJLBUPSPN ILQDO TF POFNPHVBWB OBEKBBWBOKF UBLWPH
NFUPEB V CJMP LPKPK LMBTJ LPKB OBTMFVKF POV V LPKPK KF NFUPE EFOJTBO
6 TUWBSJ NPEJLBUPS ILQDO TF NPF LPSJTUJUJ J [B LMBTF "LP TF ILQDO
OBMB[J V [BHMBWMKV EFOJDJKF OFLF LMBTF UP [OBJ EB TF UB LMBTB OF NPF OBTMF
EJUJ /B QSJNFS
 4MVCFOB SF VXSHU 

SXEOLF ILQDO FODVV 1HND.ODVD ^  `

%SVHBJKF HMFEBOP ILQDO LMBTB KF LPOBOJ [BWSFUBL HSBOF V TUBCMV OFLF


IJKFSBSIJKF LMBTB /B OFLJ OBJO ILQDO LMBTB TF NPF TNBUSBUJ HFOFSBMJ[BDJ
KPN ILQDO NFUPEB KFS TWJ OKFOJ NFUPEJ BVUPNBUTLJ QPTUBKV ILQDO NFUPEJ
"MJ T ESVHF TUSBOF UP OF WBJ [B OKFOB QPMKB POB OF EPCJKBKV OJLBLWP EP
EBUOP TQFDJKBMOP [OBFOKF V ILQDO LMBTJ
3B[MP[J [CPH LPKJI TF PCJOP LPSJTUF ILQDO LMBTF J NFUPEJ TV CF[CFE
OPTU J PCKFLUOP PSJKFOUJTBOJ EJ[BKO /B QSJNFS BLP TV OFLF LMBTF JMJ NFUPEJ
UPMJLP WBOJ EB CJ OKJIPWP NFOKBOKF NPHMP VHSP[JUJ JTQSBWBO SBE DFMPH QSP
HSBNB POEB JI USFCB EFOJTBUJ TB NPEJLBUPSPN ILQDO 6QSBWP KF PWP
SB[MPH [BUP TV TUBOEBSEOF LMBTF 6\VWHP J 6WULQJ EFOJTBOF EB CVEV ILQDO
LMBTF %SVHP BLP OFLB LMBTB LPODFQDJKTLJ OFNB TNJTMB EB JNB OBTMFEOJDV
POB TF NPF EFOJTBUJ EB CVEF ILQDO LMBTB 3B[MPHF [B VQPUSFCV NPEJ
LBUPSB ILQDO V TWBLPN LPOLSFUOPN TMVBKV USFCB JQBL EPCSP PENFSJUJ KFS
UBK NPEJLBUPS JNB OFHBUJWJTUJLV VMPHV PHSBOJBWBOKB QPESB[VNFWBOJI
NFIBOJ[BNB V +BWJ

,POTUSVLUPSJ V LMBTBNB OBTMFEOJDBNB


,POTUSVLUPS UFIOJLJ OF QSJQBEB LMBTJ QB TF OJ OF NPF OBTMFEJUJ V LMB
TJ OBTMFEOJDJ 5P [OBJ EB BLP OJKFEBO LPOTUSVLUPS OJKF EFOJTBO V LMBTJ
OBTMFEOJDJ UPK LMBTJ TF EPEBKF QPESB[VNFWBOJ LPOTUSVLUPS CF[ PC[JSB OB
LPOTUSVLUPSF V OBTMFFOPK LMBTJ %SVHJN SFJNB BLP TF FMJ OFLJ QPTFCBO
LPOTUSVLUPS V LMBTJ OBTMFEOJDJ PO TF NPSB QJTBUJ PE QPFULB
5P NPF QSFETUBWMKBUJ QSPCMFN VLPMJLP USFCB QPOPWJUJ TWF JOJDJKBMJ[BDJ
KF POPH EFMB LPOTUSVJTBOPH PCKFLUB LMBTF OBTMFEOJDF LPKF PCBWMKB LPOTUSVL
UPS OBTMFFOF LMBTF 5P NPF CJUJ J OFNPHV [BEBUBL VLPMJLP OJTV QP[OBUJ
EFUBMKJ SBEB LPOTUSVLUPSB OBTMFFOF LMBTF KFS J[WPSOJ UFLTU OBTMFFOF LMBTF
OJKF EPTUVQBO
JMJ LPOTUSVLUPS OBTMFFOF LMBTF JOJDJKBMJ[VKF QSJWBUOB QPMKB
OBTMFFOF LMBTF
3FFOKF PWPH QSPCMFNB TF TBTUPKJ V NPHVOPTUJ QP[JWBOKB LPOTUSVLUPSB
OBTMFFOF LMBTF VQPUSFCPN TMVCFOF SFJ VXSHU 0WB NPHVOPTU KF QPWF
[BOB TB VMPHPN SFJ VXSHU [B QP[JWBOKF OBEKBBOPH NFUPEB OBTMFFOF LMBTF
V TNJTMV EB TF QP[JWB LPOTUSVLUPS OBTMFFOF LMBTF .FVUJN OBJO QP[JWB
OKB LPOTUSVLUPSB OBTMFFOF LMBTF KF ESVHBJKJ PE VPCJBKFOPH QP[JWB OBEKB
  /

BOPH NFUPEB KFS TF OJ LPOTUSVLUPSJ OF QP[JWBKV LBP PTUBMJ NFUPEJ 1P[JW


LPOTUSVLUPSB OBTMFFOF LMBTF V PQUFN PCMJLV J[HMFEB LBP EB KF SF VXSHU
JNF UPH NFUPEB JBLP POB UP OJKF
VXSHU OLVWDDUJXPHQDWD

1SJNFUJNP EB KF OB PWBK OBJO V LPOTUSVLUPSV LMBTF 8HQLN QSFUIPEOPH


QSJNFSB QP[WBO LPOTUSVLUPS OBTMFFOF LMBTF 'HWH SBEJ JOJDJKBMJ[BDJKF QPMKB
LPH J X]UDVW LPOTUSVJTBOPH PCKFLUB LMBTF 8HQLN

VXSHU LPHX]UDVW 

0CSBUJUF QBOKV OB UP EB QP[JW LPOTUSVLUPSB OBTMFFOF LMBTF VQPUSF


CPN SFJ VXSHU NPSB CJUJ QSWB OBSFECB V LPOTUSVLUPSV LMBTF OBTMFEOJDF
3BEJ QPUQVOPTUJ OBQPNFOJNP J EB BLP TF LPOTUSVLUPS OBTMFFOF LMBTF OF
QP[JWB FLTQMJDJUOP OB PWBK OBJO POEB TF BVUPNBUTLJ QP[JWB QPESB[VNFWB
OJ LPOTUSVLUPS OBTMFFOF LMBTF CF[ BSHVNFOBUB
6 TUWBSJ QPUQVO QPTUVQBL [B NFVTPCOP QP[JWBOKF LPOTUSVLUPSB J JOJ
DJKBMJ[BDJKV PCKFLUOJI QPMKB QSJMJLPN LPOTUSVJTBOKB OFLPH PCKFLUB PQFSBUP
SPN QHZ TBTUPKJ TF PE PWJI LPSBLB
r "LP KF QSWB OBSFECB QP[WBOPH LPOTUSVLUPSB PCJOB OBSFECB PEOP
TOP OJKF QP[JW ESVHPH LPOTUSVLUPSB QPNPV TMVCFOJI SFJ WKLV JMJ
VXSHU JNQMJDJUOP TF EPEBKF QP[JW VXSHU SBEJ QP[JWBOKB QPESB[V
NFWBOPH
LPOTUSVLUPSB OBTMFFOF LMBTF CF[ BSHVNFOBUB 1PTMF [BWS
FULB UPH QP[JWB TF JOJDJKBMJ[VKV PCKFLUOB QPMKB J OBTUBWMKB TF TB J[WSB
WBOKFN BLUVFMOPH LPOTUSVLUPSB
r "LP QSWB OBSFECB QP[WBOPH LPOTUSVLUPSB KFTUF QP[JW LPOTUSVLUPSB
OBTMFFOF LMBTF QPNPV TMVCFOF SFJ VXSHU QP[JWB TF UBK LPOTUSVL
UPS OBTMFFOF LMBTF 1PTMF [BWSFULB UPH QP[JWB TF JOJDJKBMJ[VKV PCKFLU
OB QPMKB J OBTUBWMKB TF TB J[WSBWBOKFN BLUVFMOPH LPOTUSVLUPSB
r "LP QSWB OBSFECB QP[WBOPH LPOTUSVLUPSB KFTUF QP[JW QSFPQUFSFF
OPH LPOTUSVLUPSB QPNPV TMVCFOF SFJ WKLV POEB TF QP[JWB PEHP
WBSBKVJ QSFPQUFSFFOJ LPOTUSVLUPS LMBTF 1PTMF [BWSFULB UPH QP[JWB
TF PENBI OBTUBWMKB TB J[WSBWBOKFN BLUVFMOPH LPOTUSVLUPSB 1P[JW
LPOTUSVLUPSB OBTMFFOF LMBTF TF J[WSBWB VOVUBS QSFPQUFSFFOPH LPO
TUSVLUPSB CJMP FLTQMJDJUOP JMJ JNQMJDJUOP UBLP EB TF J JOJDJKBMJ[BDJKB
PCKFLUOJI QPMKB OBTMFFOF LMBTF UBNP [BWSBWB
 ,MBTB 2EMHFW 

 ,MBTB 2EMHFW


(MBWOB PEMJLB PCKFLUOP PSJKFOUJTBOPH QSPHSBNJSBOKB KF NPHVOPTU OB
TMFJWBOKB LMBTB J EFOJTBOKB OPWF LMBTF OB PTOPWV QPTUPKFF LMBTF /PWB
LMBTB OBTMFVKF TWF BUSJCVUF J NPHVOPTUJ QPTUPKFF LMBTF BMJ JI NPF NPEJ
LPWBUJ JMJ EPEBUJ OPWF
0CKFLUOP PSJKFOUJTBOJ KF[JL +BWB KF LBSBLUFSJTUJBO QP UPNF UP TBESJ
TQFDJKBMOV LMBTV 2EMHFW LPKB TF OBMB[J OB WSIV PHSPNOF IJKFSBSIJKF LMBTB LP
KB PCVIWBUB TWF ESVHF LMBTF V +BWJ ,MBTB 2EMHFW EFOJF PTOPWOF NPHVOP
TUJ LPKF NPSBKV JNBUJ TWJ PCKFLUJ QSPWFSBWBOKF KFEOBLPTUJ PCKFLUB TB ESVHJN
PCKFLUJNB HFOFSJTBOKF KFEJOTUWFOPH LPEOPH CSPKB PCKFLUB LPOWFSUPWBOKB
PCKFLUB V TUSJOH LMPOJSBOKF PCKFLUB J UBLP EBMKF
4UBCMP OBTMFJWBOKB V +BWJ KF PSHBOJ[PWBOP UBLP EB TWBLB LMBTB PTJN TQF
DJKBMOF LMBTF 2EMHFW KFTUF EJSFLUOB JMJ JOEJSFLUOB
OBTMFEOJDB OFLF LMBTF
/BJNF OFLB LMBTB LPKB OJKF FLTQMJDJUOP EFOJTBOB LBP OBTMFEOJDB ESVHF LMB
TF BVUPNBUTLJ QPTUBKF OBTMFEOJDB LMBTF 2EMHFW 5P [OBJ EB EFOJDJKB TWBLF
LMBTF LPKB OF TBESJ SF H[WHQGV OB QSJNFS
SXEOLF FODVV 1HND.ODVD ^  `

QPUQVOP KF FLWJWBMFOUOB TB


SXEOLF FODVV 1HND.ODVD H[WHQGV 2EMHFW ^  `

,BLP KF TWBLB LMBTB V +BWJ OBTMFEOJDB LMBTF 2EMHFW UP QSFNB QSJODJQV


QPEUJQB [OBJ EB QSPNFOMKJWB EFLMBSJTBOPH UJQB 2EMHFW NPF [BQSBWP TBES
BUJ SFGFSFODV OB PCKFLBU CJMP LPH UJQB 0WB JOKFOJDB KF JTLPSJFOB V +BWJ
[B SFBMJ[BDJKV TUBOEBSEOJI TUSVLUVSB QPEBUBLB LPKF TV EFOJTBOF UBLP EB TB
ESF FMFNFOUF UJQB 2EMHFW "MJ LBLP KF TWBLJ PCKFLBU VKFEOP J JOTUBODB LMBTF
2EMHFW PWF TUSVLUVSF QPEBUBLB NPHV [BQSBWP TBESBUJ PCKFLUF QSPJ[WPMK
OPH UJQB
6 LMBTJ 2EMHFW KF EFOJTBOP OFLPMJLP PCKFLUOJI NFUPEB LPKJ OBTMFJWB
OKFN QPTUBKV EFP TWBLF LMBTF 0WJ NFUPEJ TF [BUP NPHV CF[ J[NFOB LPSJTUJUJ
V TWBLPK LMBTJ BMJ TF NPHV J OBEKBBUJ VLPMJLP OKJIPWB PTOPWOB GVOLDJPOBM
OPTU OJKF PEHPWBSBKVB 6 OBTUBWLV TV QPNFOVUJ TBNP POJ NFUPEJ J[ LMBTF
2EMHFW LPKJ TV LPSJTOJ [B KFEOPTUBWOJKF QSJNFOF PTUBMJ NFUPEJ TF LPSJTUF
[B TMPFOJKF WJFOJUOF QSPHSBNF J OKJIPW PQJT TF NPF OBJ V [WBOJOPK EP
LVNFOUBDJKJ KF[JLB +BWB
  /

HTXDOV

.FUPE HTXDOV WSBB MPHJLV WSFEOPTU UBOP JMJ OFUBOP QSFNB UPNF
EB MJ KF OFLJ PCKFLBU LPKJ KF OBWFEFO LBP BSHVNFOU NFUPEB KFEOBL POPN
PCKFLUV [B LPKJ KF NFUPE QP[WBO 1SFDJ[OJKF BLP TV R J R QSPNFOMKJWF
LMBTOPH UJQB 2EMHFW V LMBTJ 2EMHFW KF NFUPE HTXDOV EFOJTBO UBLP EB KF
RHTXDOV R FLWJWBMFOUOP TB R R 0WBK NFUPE EBLMF KFEOPTUBWOP
QSPWFSBWB EB MJ EWF QSPNFOMKJWF LMBTOPH UJQB 2EMHFW VLB[VKV OB JTUJ PCKFLBU
0WBK QPKBN KFEOBLPTUJ EWB PCKFLUB OFLF ESVHF LPOLSFUOJKF LMBTF PCJOP
OJKF PEHPWBSBKVJ QB V UPK LMBTJ USFCB OBEKBBUJ PWBK NFUPE SBEJ SFBMJ[BDJKF
QPKNB KFEOBLPTUJ OKFOJI PCKFLBUB
/B QSJNFS EWB EFUFUB QSFETUBWMKFOB LMBTPN 'HWH J[ QSFUIPEOPH PEFMKLB
NPHV TF TNBUSBUJ KFEOBLJN VLPMJLP JNBKV JTUP JNF J V[SBTU ;BUP V LMBTJ
'HWH USFCB OBEKBBUJ PTOPWOJ NFUPE HTXDOV OB TMFEFJ OBJO

SXEOLF ERROHDQ HTXDOV 2EMHFW R ^


LI R QXOO __  R LQVWDQFHRI 'HWH
UHWXUQ IDOVH

 .RQYHU]LMD SDUDPHWUD PHWRGD X WLS 'HWH


'HWH GUXJR'HWH 'HWH R

LI WKLVLPH GUXJR'HWHLPH
WKLVX]UDVW GUXJR'HWHX]UDVW
 'UXJR GHWH LPD LVWR LPH L X]UDVW NDR RYR GHWH
 SD VH SRGUD]XPHYD GD VX WD GHFD MHGQDNL REMHNWL
UHWXUQ WUXH
HOVH
UHWXUQ IDOVH
`

%SVHJ QSJNFS KF NFUPE HTXDOV V TUBOEBSEOPK LMBTJ 6WULQJ LPKJN TF


EWB TUSJOHB LMBTF 6WULQJ TNBUSBKV KFEOBLJN VLPMJLP TF TBTUPKF PE UBOP JTUJI
OJ[PWB [OBLPWB V JTUPN SFEPTMFEV
6WULQJ LPH 3HUD
  
LI LPHHTXDOV NRULVQLNR,PH
ORJLQ NRULVQLNR,PH 
 ,MBTB 2EMHFW 

  

0CSBUJUF QBOKV OB UP EB PWP OJKF MPHJLJ FLWJWBMFOUOP TB PWJN UFTUPN


LI LPH NRULVQLNR,PH  3RJUHQR

0WPN LI OBSFECPN TF QSPWFSBWB EB MJ EWF QSPNFOMKJWF LMBTOPH UJQB 6WULQJ


VLB[VKV OB JTUJ TUSJOH UP KF EPWPMKOP BMJ OJKF OFPQIPEOP EB EWB TUSJOHB
CVEV KFEOBLB

KDVK&RGH

.FUPE KDVK&RGH LBP SF[VMUBU EBKF LPEOJ CSPK PCKFLUB [B LPKJ TF QP
[JWB 0WBK tOBTVNJOP J[BCSBOu DFP CSPK LPKJ NPF CJUJ OFHBUJWBO
TMVJ
[B JEFOUJLBDJKV PCKFLUB J QPQVMBSOP TF OB[JWB OKFHPW IF LE )F LPEPWJ
TF LPSJTUF [B SBE TB PCKFLUJNB V UBLP[WBOJN IF UBCFMBNB 5P TV OBSPJUF
TUSVLUVSF QPEBUBLB LPKF PNPHVBWBKV FLBTOP VWBOKF J OBMBFOKF PCKFLB
UB
0TOPWOJ NFUPE KDVK&RGH V LMBTJ 2EMHFW QSPJ[WPEJ KFEJOTUWFO IF
LE [B TWBLJ PCKFLBU %SVHJN SFJNB KFEOBLJ PCKFLUJ JNBKV JTUJ IF LE
J SB[MJJUJ PCKFLUJ JNBKV SB[MJJUF IF LEPWF 1SJ UPNF TF QPE KFEOBLPV
PCKFLBUB QPESB[VNFWB POB KFEOBLPTU LPKV SFBMJ[VKF NFUPE HTXDOV LMB
TF 2EMHFW ;CPH UPHB VLPMJLP TF V OFLPK LMBTJ OBEKBBWB NFUPE HTXDOV
NPSB TF OBEKBBUJ J NFUPE KDVK&RGH  6TMPW LPKJ OBEKBBOB WFS[JKB NFUP
EB KDVK&RGH NPSB [BEPWPMKJUJ SBEJ JTQSBWOF SFBMJ[BDJKF IF UBCFMB EPOF
LMF KF PTMBCMKFO V PEOPTV OB POBK LPKJ [BEPWPMKBWB QPESB[VNFWBOB WFS[JKB
LMBTF 2EMHFW /BJNF OPWP
KFEOBLJ PCKFLUJ NPSBKV JNBUJ JTUJ IF LE BMJ
SB[MJJUJ PCKFLUJ OF NPSBKV EPCJUJ SB[MJJU IF LE

WR6WULQJ

.FUPE WR6WULQJ LBP SF[VMUBU EBKF TUSJOH PCKFLBU UJQB 6WULQJ


LPKJ
QSFETUBWMKB PCKFLBU [B LPKJ KF NFUPE QP[WBO ;OBBK NFUPEB WR6WULQJ
TF TBTUPKJ V UPNF UP VLPMJLP TF OFLJ PCKFLBU LPSJTUJ V LPOUFLTUV V LPKFN
TF PFLVKF TUSJOH SFDJNP LBEB TF PCKFLBU QSJLB[VKF OB FLSBOV POEB TF UBK
PCKFLBU BVUPNBUTLJ LPOWFSUVKF V TUSJOH QP[JWBOKFN NFUPEB WR6WULQJ 
7FS[JKB NFUPEB WR6WULQJ LPKB KF EFOJTBOB V LMBTJ 2EMHFW [B PCKFLBU
[B LPKJ KF PWBK NFUPE QP[WBO QSPJ[WPEJ TUSJOH LPKJ TF TBTUPKJ PE JNFOB LMBTF
  /

LPKPK UBK PCKFLBU QSJQBEB [BUJN [OBLB # J OB LSBKV IF LPEB UPH PCKFLUB V
IFLTBEFLBEOPN [BQJTV /B QSJNFS BLP QSPNFOMKJWB NOLQDF VLB[VKF OB OF
LJ PCKFLBU LMBTF 'HWH J[ QSFUIPEOPH PEFMKLB POEB CJ TF LBP SF[VMUBU QP[JWB
NOLQDFWR6WULQJ

EPCJP TUSJOH PCMJLB 'HWH#I 1PUP PWP OJKF NOPHP LPSJTOP V


TPQTUWFOJN LMBTBNB USFCB EFOJTBUJ OPW NFUPE WR6WULQJ LPKJ F OBEKB
BUJ PWV OBTMFFOV WFS[JKV /B QSJNFS V LMBTJ 'HWH J[ QSFUIPEOPH PEFMKLB
NPF TF EPEBUJ TMFEFJ NFUPE
SXEOLF 6WULQJ WR6WULQJ ^
UHWXUQ LPH     X]UDVW   
`

.FUPE WR6WULQJ TF BVUPNBUTLJ QP[JWB [B LPOWFSUPWBOKF PCKFLUB V


TUSJOH VLPMJLP TF OFLJ PCKFLBU LPSJTUJ V LPOUFLTUV V LPKFN TF PFLVKF TUSJOH
/B QSJNFS J[WSBWBOKFN QSPHSBNTLPH GSBHNFOUB
'HWH NOLQDF QHZ 'HWH $FD  
6\VWHPRXWSULQW 0RM PDOL MH   NOLQDF 
6\VWHPRXWSULQWOQ  OMXEL JD PDMND 

OB FLSBOV TF QSJNFOPN QSFUIPEOPH OBEKBBOPH NFUPEB WR6WULQJ EPCJ


KB SF[VMUBU
0RM PDOL MH $FD   OMXEL JD PDMND

FORQH

.FUPE FORQH QSPJ[WPEJ LPQJKV PCKFLUB [B LPKJ KF QP[WBO 1SBWMKFOKF


LPQJKF OFLPH PCKFLUB J[HMFEB QSJMJOP KFEOPTUBWBO [BEBUBL KFS OB QSWJ QP
HMFE USFCB TBNP LPQJSBUJ WSFEOPTUJ TWJI QPMKB V ESVHV JOTUBODV JTUF LMBTF
"MJ QPTUBWMKB TF QJUBOKF UB BLP QPMKB PSJHJOBMOPH PCKFLUB TBESF SFGFSFODF
OB PCKFLUF OFLF ESVHF LMBTF ,PQJSBOKFN PWJI SFGFSFODJ F QPMKB LMPOJSB
OPH PCKFLUB UBLPF VLB[JWBUJ OB JTUF PCKFLUF ESVHF LMBTF 5P NPEB OJKF
FGFLBU LPKJ TF FMJ NPEB TWJ PCKFLUJ ESVHF LMBTF OB LPKF VLB[VKV QPMKB
LMPOJSBOPH PCKFLUB USFCB UBLPF EB CVEV OF[BWJTOF LPQJKF
3FFOKF PWPH QSPCMFNB OJKF UBLP KFEOPTUBWOP J QSFWB[JMB[J PLWJSF PWF
LOKJHF 0WEF FNP TBNP QPNFOVUJ EB TF SF[VMUBUJ QSFUIPEOB EWB QSJTUVQB
 1PMJNPS[BN 

LMPOJSBOKB OB[JWBKV QMJULB LPQJKB J EVCPLB LPQJKB PSJHJOBMOPH PCKFLUB 7FS[J


KB NFUPEB FORQH V LMBTJ 2EMHFW LPKV OBTMFVKV TWF LMBTF QSPJ[WPEJ QMJULV
LPQJKV PCKFLUB

 1PMJNPS[BN

5SJ TUVCB OB LPKB TF PTMBOKB PCKFLUOP PSJKFOUJTBOP QSPHSBNJSBOKF TV FO


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UPE FRPSDUH7R NPSB [BJTUB VQPSFEJUJ EWB PCKFLUB [ J \ EBKVJ SF[VMUBU LPKJ
VLB[VKF LPKJ PE OKJI KF WFJ 1SFDJ[OJKF PWBK NFUPE USFCB EB WSBUJ OFHBUJWBO
CSPK BLP KF [ NBOKF PE \ OVMV BLP TV KFEOBLJ J QP[JUJWBO CSPK BLP KF [ WFF
PE \
6[ EFOJDJKF TWJI NFUPEB JOUFSGFKTB TWBLB LMBTB LPKB JNQMFNFOUJSB OFLJ
JOUFSGFKT NPSB TBESBUJ J FLTQMJDJUOV EFLMBSBDJKV EB POB JNQMFNFOUJSB EBUJ
JOUFSGFKT 5P TF QPTUJF QJTBOKFN TMVCFOF SFJ LPSOHPHQWV J JNFOB UPH JO
UFSGFKTB J[B JNFOB LMBTF LPKB TF EFOJF /B QSJNFS
SXEOLF FODVV 5DGQLN LPSOHPHQWV &RPSDUDEOH ^

6WULQJ LPH  LPH L SUH]LPH UDGQLND


GRXEOH SODWD  SODWD UDGQLND

  2VWDOD SROMD L PHWRGL

SXEOLF LQW FRPSDUH7R 2EMHFW R ^

5DGQLN GUXJL5DGQLN 5DGQLN R

LI WKLVSODWD  GUXJL5DGQLNSODWD UHWXUQ 


LI WKLVSODWD ! GUXJL5DGQLNSODWD UHWXUQ 
UHWXUQ 
`
`

0CSBUJUF QBOKV OB UP EB TF SBEOJDJ V NFUPEV FRPSDUH7R LMBTF 5DGQLN


VQPSFVKV OB PTOPWV OKJIPWF QMBUF "LP PCKFLUJ OJTV KFEOBLJ QP[JUJWOF JMJ
OFHBUJWOF WSFEOPTUJ LPKF TV SF[VMUBU NFUPEB FRPSDUH7R OJTV CJUOJ
*TUP
UBLP [B PWBK LPOLSFUBO NFUPE TF NPSB OBWFTUJ TQFDJLBUPS QSJTUVQB SXEOLF
JBLP UP OJKF CJMP PCBWF[OP [B OKFHPWV BQTUSBLUOV EFLMBSBDJKV V JOUFSGFKTV
&RPSDUDEOH

1SFUQPTUBWJNP EB V QSPHSBNV LPOLSFUOB LMBTB 5DGQLN LPKB JNQMFNFOUJ


 *OUFSGFKTJ 

SB JOUFSGFKT &RPSDUDEOH TMVJ [B QSFETUBWMKBOKF QPKFEJOJI SBEOJLB OFLF SNF


"LP EPEBUOP QSFUQPTUBWJNP EB TV TWJ SBEOJDJ QSFETUBWMKFOJ OJ[PN CB[OPH
UJQB 5DGQLN POEB TF PWJ SBEOJDJ NPHV KFEOPTUBWOP TPSUJSBUJ QP SBTUVFN
SFEPTMFEV OKJIPWJI QMBUB
5DGQLN>@ UDGQLFL QHZ 5DGQLN>@

  'UXJH QDUHGEH

$UUD\VVRUW UDGQLFL 

/BQPNFOJNP KP EB TF V WF[J TB JOUFSGFKTJNB FTUP LPSJTUJ KFEBO LSBJ


UFSNJOPMPLJ J[SB[ /BJNF LBF TF EB OFLJ PCKFLBU JNQMFNFOUJSB JOUFSGFKT
JBLP TF [BQSBWP NJTMJ EB UBK PCKFLBU QSJQBEB LMBTJ LPKB JNQMFNFOUJSB EBUJ
JOUFSGFKT 5BLP V QSFUIPEOPN QSJNFSV NPF TF SFJ EB PCKFLBU UJQB 5DGQLN
JNQMFNFOUJSB JOUFSGFKT &RPSDUDEOH

0TPCJOF JOUFSGFKTB
1P TWPKPK HMBWOPK OBNFOJ JOUFSGFKTJ TBESF KFEBO JMJ WJF BQTUSBLUOJI NF
UPEB BMJ NPHV JNBUJ J LPOTUBOUF
 *OUFSGFKTJ TF TMJOP LMBTBNB QJV V EBUPUF
LBNB TB FLTUFO[JKPN MDYD B QSFWFEFOB WFS[JKB CBKULPE
JOUFSGFKTB TF OBMB[J
V EBUPUFDJ TB FLTUFO[JKPN FODVV 0OP UP KF JTUP UBLP WBOP OBHMBTJUJ KF
TUF UB JOUFSGFKTJ OF NPHV JNBUJ *OUFSGFKTJ OF NPHV JNBUJ PCKFLUOB QPMKB
OJUJ NFUPEJ JOUFSGFKTB NPHV JNBUJ JNQMFNFOUBDJKV %PEBWBOKF QPMKB J JN
QMFNFOUBDJKF NFUPEB KF [BEBUBL LMBTB LPKF JNQMFNFOUJSBKV JOUFSGFKT 1SFNB
UPNF JOUFSGFKTJ TV TMJOJ BQTUSBLUOJN LMBTBNB CF[ PCKFLUOJI QPMKB
*BLP TV TMJOJ BQTUSBLUOJN
LMBTBNB JOUFSGFKTJ OJTV LMBTF 5P [OBJ EB TF
JOUFSGFKTJ OF NPHV LPSJTUJUJ [B LPOTUSVJTBOKF PCKFLBUB 1JTBOKFN OB QSJNFS
QHZ &RPSDUDEOH

QSPJ[WPEJ TF HSFLB V QSPHSBNV


4MJOP LBP [B LMBTF EFOJDJKPN OFLPH JOUFSGFKTB TF V QSPHSBNV UFIOJLJ
VWPEJ OPWJ LMBTOJ UJQ QPEBUBLB 7SFEOPTUJ UPH LMBTOPH UJQB TV PCKFLUJ LMBTB
LPKF JNQMFNFOUJSBKV EFOJTBOJ JOUFSGFKT 5P [OBJ EB TF JNF JOUFSGFKTB NPF
LPSJTUJUJ [B UJQ QSPNFOMKJWF V OBSFECJ EFLMBSBDJKF LBP J [B UJQ GPSNBMOPH
QBSBNFUSB J [B UJQ SF[VMBUBUB V EFOJDJKJ OFLPH NFUPEB 1SFNB UPNF V +BWJ
  1

UJQ NPF CJUJ LMBTB JOUFSGFKT JMJ KFEBO PE PTBN QSJNJUJWOJI UJQPWB 5P TV
KFEJOF NPHVOPTUJ BMJ TBNP LMBTF TMVF [B LPOTUSVJTBOKF OPWJI PCKFLBUB
6 QSPHSBNV TF EBLMF NPHV EFLMBSJTBUJ LMBTOF QSPNFOMKJWF JKJ UJQ QSFE
TUBWMKB OFLJ JOUFSGFKT OB QSJNFS
&RPSDUDEOH [  2.

1PUP TF JOUFSGFKTJ JNQMFNFOUJSBKV B OF OBTMFVKV LBP BQTUSBLUOF LMBTF


JOUFSGFKTOB QSPNFOMKJWB UK QSPNFOMKJWB JKJ KF UJQ OFLJ JOUFSGFKT
NPF VLB
[JWBUJ TBNP OB PCKFLUF POJI LMBTB LPKF JNQMFNFOUJSBKV EBUJ JOUFSGFKT 5BLP
[B QSFUIPEOJ QSJNFS LMBTF 5DGQLN LPKB JNQMFNFOUJSB JOUFSGFKT &RPSDUDEOH
NPFNP QJTBUJ
&RPSDUDEOH [ QHZ 5DGQLN   2.

%BMKF QP[OBUP KF EB TF PQFSBUPS LQVWDQFHRI NPF LPSJTUJUJ [B QSPWF


SBWBOKF EB MJ OFLJ PCKFLBU QSJQBEB TQFDJOPK LMBTJ 5BK PQFSBUPS TF NPF
LPSJTUJUJ J [B QSPWFSBWBOKF EB MJ OFLJ PCKFLBU JNQMFNFOUJSB EBUJ JOUFSGFKT
LI QHNL2EMHNDW LQVWDQFHRI &RPSDUDEOH   

,BP UP TF NPHV QSBWJUJ IJKFSBSIJKF LMBTB UBLP TF NPHV QSPJSJWBUJ J JO


UFSGFKTJ *OUFSGFKT LPKJ QSPJSVKF ESVHJ JOUFSGFKT OBTMFVKF TWF OKFHPWF EFLMB
SJTBOF NFUPEF )JKFSBSIJKF JOUFSGFKTB TV OF[BWJTOF PE IJKFSBSIJKB LMBTB BMJ
JNBKV JTUV VMPHV UP KF OBJO EB TF PE OFLPH OBKPQUJKFH FOUJUFUB OB WSIV
IJKFSBSIJKF J[SB[J WFJ TUFQFO TQFDJKBMJ[BDJKF LBLP TF QSFMB[J OB EPOKF OJWPF
IJKFSBSIJKF /B QSJNFS
SXEOLF LQWHUIDFH 5DGLR ^
YRLG XNOMXL 
YRLG LVNOMXL 
`

SXEOLF LQWHUIDFH .ODVLQL5DGLR H[WHQGV 5DGLR ^


YRLG L]DEHUL6WDQLFX 
`
SXEOLF LQWHUIDFH ,QWHUQHW5DGLR H[WHQGV 5DGLR ^
YRLG L]DEHUL6DMW 
`

;B SB[MJLV PE LMBTF LPKB NPF EJSFLUOP QSPJSJUJ TBNP KFEOV LMBTV JO
 *OUFSGFKTJ 

UFSGFKT NPF EJSFLUOP QSPJSJWBUJ WJF JOUFSGFKTB 6 UPN TMVBKV TF J[B SFJ
H[WHQGV OBWPEF TWJ OB[JWJ JOUFSGFKTB LPKJ TF QSPJSVKV SB[EWPKFOJ [BQFUBNB
.BEB JOUFSGFKTJ OF NPHV JNBUJ PCKFLUOB QPMKB J TUBUJLF NFUPEF V OKJNB
TF NPHV OBMB[JUJ LPOTUBOUF /B QSJNFS
SXEOLF LQWHUIDFH .ODVLQL5DGLR H[WHQGV 5DGLR ^
GRXEOH % 
GRXEOH 678',2B% 
YRLG L]DEHUL6WDQLFX 
`

4MJOP LBP UP TF [B NFUPEF JOUFSGFKTB QPESB[VNFWB EB TV SXEOLF NFUPEJ


TWB OBWFEFOB QPMKB JOUFSGFKTB BVUPNBUTLJ QPTUBKV SXEOLF VWDWLF ILQDO LPO
TUBOUF
6 VWPEOPN EFMV P JOUFSGFKTJNB TNP TQPNFOVMJ EB V +BWJ OJKF PNPHVF
OP WJFTUSVLP OBTMFJWBOKF LMBTB "MJ UP TF NPF OBEPNFTUJUJ UJNF UP LMBTF
NPHV JTUPWSFNFOP JNQMFNFOUJSBUJ WJF JOUFSGFKTB 6 EFLMBSBDJKJ KFEOF UB
LWF LMBTF TF OB[JWJ JOUFSGFKTB LPKJ TF JNQMFNFOUJSBKV OBWPEF SB[EWPKFOJ [B
QFUBNB /B QSJNFS V +BWJ KF EFOJTBO JOUFSGFKT &ORQHDEOH UBLP EB QP LPO
WFODJKJ LMBTF LPKF JNQMFNFOUJSBKV PWBK JOUFSGFKT USFCB EB OBEKBBKV NFUPE
FORQH LMBTF 2EMHFW ;BUP VLPMJLP FMJNP EB TF PCKFLUJ OFLF LMBTF NPHV
SFDJNP LMPOJSBUJ J VQPSFJWBUJ V EFOJDJKJ LMBTF UJI PCKFLBUB USFCB OBWFTUJ
EB TF JNQMFNFOUJSBKV JOUFSGFKTJ &ORQHDEOH J &RPSDUDEOH /B QSJNFS
SXEOLF FODVV 5DGQLN LPSOHPHQWV &ORQHDEOH &RPSDUDEOH ^  `

/BSBWOP UFMP PWF LMBTF 5DGQLN TBEB NPSB TBESBUJ EFOJDJKF NFUPEB FOR
QH J FRPSDUH7R 

*OUFSGFKTJ J BQTUSBLUOF LMBTF


1BMKJWJKJ JUBPDJ TF WFSPWBUOP QJUBKV [BUP TV QPUSFCOJ JOUFSGFKTJ LBEB TF
POJ OBJ[HMFE NPHV QPUQVOP [BNFOJUJ BQTUSBLUOJN LMBTBNB ;BUP SFDJNP
JOUFSGFKT &RPSDUDEOH OF CJ NPHBP CJUJ BQTUSBLUOB LMBTB /B QSJNFS
DEVWUDFW FODVV &RPSDUDEOH ^  =DWR QH"
SXEOLF DEVWUDFW LQW FRPSDUH7R 2EMHFW R 
`
  1

0OEB CJ LMBTB 5DGQLN NPHMB QSPTUP EB OBTMFEJ PWV BQTUSBLUOV LMBTV J


EB EFOJF NFUPE FRPSDUH7R 
SXEOLF FODVV 5DGQLN H[WHQGV &RPSDUDEOH ^  =DWR QH"

6WULQJ LPH  LPH L SUH]LPH UDGQLND


GRXEOH SODWD  SODWD UDGQLND

  2VWDOD SROMD L PHWRGL

SXEOLF LQW FRPSDUH7R 2EMHFW R ^

5DGQLN GUXJL5DGQLN 5DGQLN R

LI WKLVSODWD  GUXJL5DGQLNSODWD UHWXUQ 


LI WKLVSODWD ! GUXJL5DGQLNSODWD UHWXUQ 
UHWXUQ 
`
`

(MBWOJ QSPCMFN LPE LPSJFOKB BQTUSBLUOJI LMBTB [B J[SBBWBOKF BQTUSBLU


OJI NPHVOPTUJ PCKFLBUB KF UP UP OFLB LMBTB V +BWJ NPF EJSFLUOP OBTMFEJUJ
TBNP KFEOV LMBTV "LP QSFUQPTUBWJNP EB LMBTB 5DGQLN WF OBTMFVKF KFEOV
LMBTV SFDJNP 2VRED POEB LMBTB 5DGQLN OF NPF OBTMFEJUJ J ESVHV
SXEOLF FODVV 5DGQLN H[WHQGV 2VRED &RPSDUDEOH  *5(.$

"MJ OFLB LMBTB V +BWJ NPF JNQMFNFOUJSBUJ WJF JOUFSGFKTB TB OBTMFJWBOKFN


KFEOF LMBTF JMJ CF[ UPHB

SXEOLF FODVV 5DGQLN H[WHQGV 2VRED LPSOHPHQWV &RPSDUDEOH  2.

 6HOKFFOF LMBTF

%P TBEB TNP OBVJMJ EB TF V +BWJ OFLF QSPHSBNTLF LPOTUSVLDJKF NPHV


VHOKFBWBUJ OB QSJNFS VQSBWMKBLF OBSFECF EPL TF ESVHF OF NPHV VHOKF
BWBUJ OB QSJNFS NFUPEJ 1PTUBWMKB TF TBEB QJUBOKF EB MJ TF LMBTF LBP OBK
TMPFOJKJ WJE QSPHSBNTLF DFMJOF NPHV VHOKFBWBUJ J EB MJ UP JNB TNJTMB
 6HOKFFOF LMBTF 

0EHPWPS OB PCB QJUBOKB KF NPEB NBMP J[OFOBVKVF QPUWSEBO


6HOKFFOB LMBTB KF LMBTB LPKB KF EFOJTBOB VOVUBS ESVHF LMBTF 0WBLBW
QSJTUVQ V EJ[BKOV QSPHSBNB KF LPSJTUBO VHMBWOPN J[ USJ SB[MPHB
 ,BEB KF OFLB LMBTB QPNPOB [B HMBWOV LMBTV J OF LPSJTUJ TF WBO UF WFF
LMBTF OFNB SB[MPHB EB QPNPOB LMBTB CVEF J[EWPKFOB LBP TBNPTUBM
OB LMBTB
 ,BEB OFLB LMBTB TMVJ [B LPOTUSVJTBOKF TBNP KFEOPH PCKFLUB UF LMB
TF QSJSPEOJKF KF UBLWV LMBTV EFOJTBUJ OB LSBJ OBJO
CB OB NFTUV
LPOTUSVJTBOKB OKFOPH KFEJOTUWFOPH PCKFLUB
 .FUPEJ VHOKFFOF LMBTF NPHV LPSJTUJUJ TWB QPMKB PCVIWBUBKVF LMB
TF BL J OKFOB QSJWBUOB QPMKB LBP J PCSOVUP
5FNB VHOKFFOJI LMBTB KF QSJMJOP TMPFOB J TWJ OKFOJ EFUBMKJ QSFWB[J
MB[F PLWJSF PWF LOKJHF ;BUP FNP PWEF QPNFOVUJ TBNP POF NPHVOPTUJ
VHOKFBWBOKB LMBTB V +BWJ LPKF TV EPWPMKOF [B SB[VNFWBOKF KFEOPTUBWOJKJI
QSPHSBNTLJI UFIOJLB 1SJNFOB VHOKFFOJI LMBTB KF OBSPJUP LPSJTOB LPE
HSBLPH QSPHSBNJSBOKB P FNV TF HPWPSJ V QPHMBWMKV  6 UPN QPHMBWMKV
FNP VQP[OBUJ J QSBLUJOF QSJNFSF V LPKJNB TF OBKFF LPSJTUF VHOKFFOF
LMBTF
1SF TWFHB OFLB LMBTB TF NPF EFOJTBUJ VOVUBS ESVHF LMBTF OB JTUJ OBJO
OB LPKJ TF EFOJV VPCJBKFOJ MBOPWJ TQPMKBOKF LMBTF QPMKB J NFUPEJ 5P
[OBJ EB TF VHOKFFOB LMBTB NPF EFLMBSJTBUJ TB JMJ CF[ NPEJLBUPSB VWDWLF
QB TF QSFNB UPNF SB[MJLVKV TUBUJLF J PCKFLUOF VHOKFFOF LMBTF
FODVV 6SROMDQMD.ODVD ^

  2VWDOD SROMD L PHWRGL

VWDWLF FODVV 6WDWLND8JQMHHQD.ODVD ^
  
`

FODVV 2EMHNWQD8JQMHHQD.ODVD ^
  

 6 TUWBSJ QSBWJMOJKF KF NPEB HPWPSJUJ P VHOKFBWBOKV UJQPWB B OF LMBTB KFS TF NPHV

EFOJTBUJ J JOUFSGFKTJ VOVUBS LMBTB 5V EPEBUOV LPNQMJLBDJKV OFFNP SB[NBUSBUJ V LOKJ[J


  1

`
`

4UBUJLF J PCKFLUOF VHOKFFOF LMBTF TF TNBUSBKV PCJOJN MBOPWJNB


PCVIWBUBKVF LMBTF UP [OBJ EB TF [B OKJI NPHV LPSJTUJUJ TQFDJLBUPSJ QSJ
TUVQB SXEOLF SULYDWH J SURWHFWHG JMJ OJKFEBO PE OKJI 1PETFUJNP TF EB
TF PCJOF LMBTF NPHV EFOJTBUJ TBNP TB TQFDJLBUPSPN QSJTUVQB SXEOLF JMJ
CF[ OKFHB

%SVHB NPHVOPTU LPE VHOKFBWBOKB LMBTB KF EFOJTBOKF KFEOF LMBTF


VOVUBS OFLPH NFUPEB UBOJKF VOVUBS CMPLB OBSFECJ
ESVHF LMBTF 5BLWF
VHOKFFOF LMBTF NPHV CJUJ MPLBMOF JMJ BOPOJNOF 0WF VHOKFFOF LMBTF
JNBKV LPODFQDJKTLJ TMJOF PTPCJOF LBP MPLBMOF QSPNFOMKJWF NFUPEB

4UBUJLF VHOKFFOF LMBTF


%FOJDJKB TUBUJLF VHOKFFOF LMBTF JNB JTUJ PCMJL LBP EFOJDJKB PCJOF
LMBTF PTJN UP TF OBMB[J VOVUBS ESVHF LMBTF J TBESJ NPEJLBUPS VWDWLF
4UBUJLB VHOKFFOB LMBTB KF EFP TUBUJLF TUSVLUVSF PCVIWBUBKVF LMBTF MP
HJLJ QPUQVOP JTUP LBP TUBUJLB QPMKB J NFUPEJ UF LMBTF ,BP J TUBUJLJ NFUPE
OB QSJNFS TUBUJLB VHOKFFOB LMBTB OJKF WF[BOB [B PCKFLUF PCVIWBUBKVF
LMBTF J QPTUPKJ OF[BWJTOP PE OKJI
6 NFUPEJNB PCVIWBUBKVF LMBTF TF TUBUJLB VHOKFFOB LMBTB NPF LP
SJTUJUJ [B LPOTUSVJTBOKF PCKFLBUB OB VPCJBKFOJ OBJO "LP OJKF EFLMBSJTBOB
LBP QSJWBUOB TUBUJLB VHOKFFOB LMBTB TF UBLPF NPF LPSJTUJUJ J[WBO PCV
IWBUBKVF LMBTF BMJ TF POEB UBLBOPUBDJKPN NPSB OBWFTUJ OKFOP MBOTUWP V
PCVIWBUBKVPK LMBTJ
/B QSJNFS QSFUQPTUBWJNP EB LMBTB .RRUG6LVWHP QSFETUBWMKB LPPSEJOBU
OJ TJTUFN V EWPEJNFO[JPOBMOPK SBWOJ 1SFUQPTUBWJNP KP EB LMBTB .RRUG6L
VWHP TBESJ TUBUJLV VHOKFFOV LMBTV 'X LPKB QSFETUBWMKB KFEOV EV J[NF
V EWF UBLF /B QSJNFS

 /FTUBUJLF VHOKFFOF LMBTF UK PCKFLUOF MPLBMOF J BOPOJNOF


FTUP TF OB[JWBKV VOV

USBOKF LMBTF
 /BCSPKJWJ UJQ EFOJTBO VOVUBS OFLF LMBTF TNBUSB TF TUBUJLPN VHOKFFOPN LMBTPN

JBLP TF V OKFHPWPK EFOJDJKJ OF OBWPEJ NPEJLBUPS VWDWLF


 6HOKFFOF LMBTF 

SXEOLF FODVV .RRUG6LVWHP ^



  2VWDOD SROMD L PHWRGL

 8JQMHHQD NODVD NRMD SUHGVWDYOMD GX X UDYQL RG
 WDNH [\ GR WDNH [\
SXEOLF VWDWLF FODVV 'X ^

GRXEOH [ \


GRXEOH [ \
`
`

0CKFLBU LMBTF 'X CJ TF VOVUBS OFLPH NFUPEB LMBTF .RRUG6LVWHP LPOTUSVJ


TBP J[SB[PN QHZ 'X  *[WBO LMBTF .RRUG6LVWHP CJ TF NPSBP LPSJTUJUJ J[SB[
QHZ .RRUG6LVWHP'X 
0CSBUJUF QBOKV OB UP EB LBEB TF QSFWFEF LMBTB .RRUG6LVWHP EPCJKBKV
TF [BQSBWP EWF EBUPUFLF CBKULPEB *BLP TF EFOJDJKB LMBTF 'X OBMB[J VOVUBS
LMBTF .RRUG6LVWHP OKFO CBKULPE TF TNFUB V QPTFCOV EBUPUFLV JKF KF JNF
.RRUG6LVWHP'XFODVV #BKULPE LMBTF .RRUG6LVWHP TF TNFUB LBP UP KF
UP VPCJBKFOP V EBUPUFLV .RRUG6LVWHPFODVV
4UBUJLB VHOKFFOB LMBTB KF WSMP TMJOB SFHVMBSOPK LMBTJ OB OBKWJFN OJ
WPV +FEOB PE SB[MJLB KF UP UP TF OKFOP JNF IJKFSBSIJKTLJ OBMB[J VOVUBS QSP
TUPSB JNFOB PCVIWBUBKVF LMBTF TMJOP LBP UP TF JNF SFHVMBSOF LMBTF OBMB[J
VOVUBS QSPTUPSB JNFOB PEHPWBSBKVFH QBLFUB 1PSFE UPHB TUBUJLB VHOKF
FOB LMBTB JNB QPUQVO QSJTUVQ TUBUJLJN MBOPWJNB PCVIWBUBKVF LMBTF
BL J BLP TV POJ EFLMBSJTBOJ LBP QSJWBUOJ 0CSOVUP KF UBLPF UBOP PCV
IWBUBKVB LMBTB JNB QPUQVO QSJTUVQ TWJN MBOPWJNB VHOKFFOF LMBTF 5P
NPF CJUJ KFEBO PE SB[MPHB [B EFOJTBOKF TUBUJLF VHOKFFOF LMBTF KFS UBLP
KFEOB LMBTB NPF EPCJUJ QSJTUVQ QSJWBUOJN MBOPWJNB ESVHF LMBTF B EB TF QSJ
UPNF UJ MBOPWJ OF PULSJWBKV ESVHJN LMBTBNB

0CKFLUOF VHOKFFOF LMBTF


0CKFLUOB VHOKFFOB LMBTB KF LMBTB LPKB KF EFOJTBOB LBP MBO PCVIWBUB
KVF LMBTF CF[ TMVCFOF SFJ VWDWLF "LP KF TUBUJLB VHOKFFOB LMBTB BOBMPH
  1

OB TUBUJLPN QPMKV JMJ TUBUJLPN NFUPEV POEB KF PCKFLUOB VHOKFFOB LMB


TB BOBMPHOB PCKFLUOPN QPMKV JMJ PCKFLUOPN NFUPEV ;CPH UPHB KF PCKFLUOB
VHOKFFOB LMBTB WF[BOB [BQSBWP [B PCKFLBU PCVIWBUBKVF LMBTF
/FTUBUJLJ MBOPWJ OFLF PCJOF LMBTF PESFVKV UB F TF OBMB[JUJ V TWB
LPN LPOTUSVJTBOPN PCKFLUV UF LMBTF 5P WBJ J [B PCKFLUOF VHOKFFOF LMB
TF CBS MPHJLJ PEOPTOP NPF TF TNBUSBUJ EB TWBLJ PCKFLBU PCVIWBUBKVF
LMBTF JNB TPQTUWFOJ QSJNFSBL PCKFLUOF VHOKFFOF LMBTF 0WBK QSJNFSBL
JNB QSJTUVQ EP TWJI QPTFCOJI QSJNFSBLB QPMKB J NFUPEB OFLPH PCKFLUB BL
J POJI LPKJ TV EFLMBSJTBOJ LBP QSJWBUOJ %WB QSJNFSLB PCKFLUOF VHOKFFOF
LMBTF V SB[MJJUJN PCKFLUJNB TF SB[MJLVKV KFS LPSJTUF SB[MJJUF QSJNFSLF QP
MKB J NFUPEB V SB[MJJUJN PCKFLUJNB 6 TUWBSJ QSBWJMP OB PTOPWV LPKFH TF
NPF PEMVJUJ EB MJ VHOKFFOB LMBTB USFCB EB CVEF TUBUJLB JMJ PCKFLUOB KF
KFEOPTUBWOP BLP VHOKFFOB LMBTB NPSB LPSJTUJUJ OFLP PCKFLUOP QPMKF JMJ
PCKFLUOJ NFUPE PCVIWBUBKVF LMBTF POB J TBNB NPSB CJUJ PCKFLUOB
0CKFLUOB VHOKFFOB LMBTB TF J[WBO PCVIWBUBKVF LMBTF NPSB LPSJTUJUJ
V[ LPOTUSVJTBOJ PCKFLBU PCVIWBUBKVF LMBTF V GPSNBUV
SURPHQOMLYD2EMHNWQD8JQMHHQD.ODVD

6 PWPN [BQJTV SURPHQOMLYD P[OBBWB JNF QSPNFOMKJWF LPKB VLB[VKF


OB PCKFLBU PCVIWBUBKVF LMBTF 0WB NPHVOPTU TF V QSBLTJ JQBL SFULP LPSJ
TUJ KFS TF PCKFLUOB VHOKFFOB LMBTB PCJOP LPSJTUJ TBNP VOVUBS PCVIWBUB
KVF LMBTF B POEB KF EPWPMKOP OBWFTUJ OKFOP QSPTUP JNF
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  1

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Na osnovu lana 23. stav 2. taka 7. Zakona o porezu na dodatu vrednost (Slubeni
glasnik RS, br. 84/04... i 61/07), Odlukom Senata Univerziteta Singidunum, Beograd,
broj 260/07 od 8. juna 2007. godine, ova knjiga je odobrena kao osnovni udbenik na
Univerzitetu.

CIP -
,

004.438JAVA(075.8)
004.42:004.738.5(075.8)

, , 1956-
Java programiranje / Dejan ivkovi. - 2.
izd. - Beograd : Univerzitet Singidunum,
2013 (Loznica : Mladost Grup). - VI, 451 str.
: ilustr. ; 24 cm

Tira 300. - Bibliografija: str. 443-444. -


Registar.

ISBN 978-86-7912-467-8

a) Java b) -

COBISS.SR-ID 195968268

2013.
Sva prava zadrana. Nijedan deo ove publikacije ne moe biti reprodukovan u bilo
kom vidu i putem bilo kog medija, u delovima ili celini bez prethodne pismene saglas-
nosti izdavaa.

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