Professional Documents
Culture Documents
3URYD(VFULWDGH0DWHPiWLFD
7XUPD$3URYD $QR
3DUWH
3DUDFDGDXPDGD V VHJXLQWHV TXHVW}HV GH HVFROKD P~OWLSOD VHOHFFLRQHD UHVSRVWD FRUUHFWDGHHQ WUHD V DOWHUQDWLYDV
TXHOKHVmRDSUHVHQWDGDVHHVFUHYDQDVXDIROKDGHUHVSRVWDVDOHWUDTXHOKHFRUUHVSRQGH
$WHQomR 6HDS UHVHQWDU PDLV GR TXH XPD UHVSRVWDDTXH VWmR VHUiDQX ODGD R PHVPRD FRQWHFHQGRH P FDVRGH
UHVSRVWDDPEtJXD&RWDomRFDGDUHVSRVWDFHUWDSRQWRVFDGDUHVSRVWDHUUDGDSRQWRVTXHVWmRQmR UHVSRQGLGD
RXDQXODGDSRQWRV
2VFOLHQWHVGHXPEDQFRGHYHPHVFROKHUXPFyGLJRIRUPDGRSRUTXDWURDOJDULVPRVGHDGHWDOIRUPDTXHQmR
KDMDDOJDULVPRVUHSHWLGRVHPSRVLo}HVFRQVHFXWLYDV
$VVLPRFyGLJRpYiOLGRPDVQmRp
2Q~PHURGHFyGLJRVYiOLGRVp
[ [ $ &
>(@ >)@
>*@ [ >+@ [ % (
[
1XPUHIHUHQFLDORUWRQRUPDGRUHODWLYDPHQWHjKLSpUEROHGHHTXDomR \ [
[
>(@ ) pXPGRVVHXVIRFRV >)@ $UHFWDGHHTXDomR \ pXPDDVVLPSWRWD
$ SUHVVmRGDiJXDGRPDUYDULDFRPDSURIXQGLGDGH6DEHVHTXHDSUHVVmRGDiJXDDRQtYHOGRPDUpGHDWP
DWPRVIHUDHTXHDFDGDPGHSURIXQGLGDGHDSUHVVmRVRIUHXPDFUpVFLPRGH DWP
$H[SUHVVmRTXHGiDSUHVVmRSHPDWPRVIHUDVHPIXQomRGDSURIXQGLGDGHKHPPHWURVp
3$ 3iJLQD
$ILJXUDDRODGRPRVWUDXPDVHTXrQFLDGH
WULkQJXORVGH6LHUSLQVN\
2SURFHVVRFRPHoDQRQtYHO]HURFRPXP
WULmQJXORHTXLOiWHURGHiUHD(PFDGDSDVVRD
VHJXLUFDGDWULkQJXORHTXLOiWHURpGLYLGLGR
DWUDYpVGRVVHJPHQWRVTXHOLJDPRVSRQWRV 1tYHO 1tYHO 1tYHO
PpGLRVGRVVHXVODGRVHpHOLPLQDGRRWULkQJXOR
FHQWUDODVVLPIRUPDGR$iUHDTXHUHVWDQRQtYHOQ LQGLFDGDQDVILJXUDVSHORVRPEUHDGRpGDGDSRU
>(@ Q >)@ Q >*@ Q >+@ Q
2JUiILFRDRODGRpRGDGHULYDGDJ
GHXPDIXQomRJ \
8PJUiILFRSRVVtYHOSDUDJ p
[
\ \ \ \
[ [ [ [
/DQoRXVHWUrVYH]HVDRDUXPDPRHGDHTXLOLEUDGDWHQGRVDtGRVHPSUHDIDFHFDUD
4XDOpDSUREDELOLGDGHGHQXPTXDUWRODQoDPHQWRVDLUDIDFHFRURD"
>(@ >)@ >*@ >+@
3DUWH
1DVTXHVW}HVVHJXLQWHVDSUHVHQWHR VHXUDFLRFtQLRGH IRUPDFODUDLQGLFDQGRWRGRVRVFiOFXORVTXHWLYHUGHHIHFWXDUH
DVMXVWLILFDo}HVTXHHQWHQGHUQHFHVViULDV
8PFOXEHGHIRWRJUDILD)RWR)L[HpFRQVWLWXtGRSRUPHPEURVUDSDULJDVHUDSD]HV
$SUHVLGHQWHGRFOXEHpXPDUDSDULJD
3UHWHQGHVHFRQVWLWXLUXPDFRPLVVmRSDUDRUJDQL]DUXPDH[SRVLomRGHPDWHULDOIRWRJUiILFR$FRPLVVmRGHYHVHU
IRUPDGDSRUUDSDULJDVHUDSD]HV$FRUGRXVHTXHXPDGDVUDSDULJDVGDFRPLVVmRVHUiQHFHVVDULDPHQWHD
SUHVLGHQWHGRFOXEH
D 4XDQWDVFRPLVV}HVGLIHUHQWHVVHSRGHFRQVWLWXLU"
E $GPLWDTXHRVPHPEURVGDFRPLVVmRGHSRLVGHFRQVWLWXtGDYmRSRVDUSDUDXPDIRWRJUDILDFRORFDQGRVHXQV
DRODGRGRVRXWURV
6XSRQGRTXHHOHVVHFRORFDPDRDFDVRTXDOpDSUREDELOLGDGHGHRVUDSD]HVILFDUHPWRGRVMXQWRV"
$SUHVHQWHRUHVXOWDGRQDIRUPDGHGt]LPDFRPDSUR[LPDomRjVPLOpVLPDV
3iJLQD 3$
1RUHIHUHQFLDORUWRQRUPDGRGDILJXUDFRQVLGHUH
'\
x 6HMD%XPSRQWRGHFRRUGHQDGDV
x $FDGDSRQWR&[GRHL[R2[FRP [ ! ID]VH
FRUUHVSRQGHUXPSRQWR'\GRHL[R2\GHPRGR %
TXH%&H'VHMDPFROLQHDUHV
D 0RVWUHTXH
[
D \ H[SULPH\ HPIXQomRGH[ SDUD [ !
[
&[
D $iUHD $[ GRWULkQJXOR>2&'@ pGDGDSRU
2
[
$ [ [ !
[
[ [
D $
[ $
GHVLJQDDGHULYDGDGH$
[
F 'HWHUPLQHFRPDSUR[LPDomRjVFHQWpVLPDVRSHUtPHWURGRWULkQJXOR>2&'@ TXHWHPiUHDPtQLPD
G (VWXGHDH[LVWrQFLDGHDVVLPSWRWDVDRJUiILFRGDIXQomR$
2HVTXHPDVHJXLQWHpXPH[FHUWRGHXP
WUDEDOKRUHDOL]DGRSRUDOXQRVGRDQRQR \
kPELWRGDÈUHD(VFROD 7DEXOHLURVXSHULRU
8WLOL]DQGRRVYDORUHVUHJLVWDGRVRUHIHUHQFLDO
DVVRFLDGRDXQLGDGHpRPHWURHDGPLWLQGRTXH P
RDUFRUHSUHVHQWDGRpXPDUFRGHSDUiEROD
PRVWUHTXH
7DEXOHLURLQIHULRU
2 [
\ [ P
pXPDHTXDomRGDSDUiERODTXHFRQWpPHVVHDUFRHGHWHUPLQHDVFRRUGHQDGDVGRIRFRGHVVDSDUiERODHDHTXDomR
GDGLUHFWUL]
2EVHUYHDILJXUDRQGH>$%&'@pXPUHFWkQJXOR
\
' &
D 'HWHUPLQHXPDHTXDomRGDHOLSVHLQVFULWDQR
UHFWkQJXOR>$%&'@
& o
E 4XHSRGHDILUPDUVREUHRVYHFWRUHV X H $& VHYHULILFDPD
& o & o 3
FRQGLomR X $& __ X __ __ $& __ "
$ %
F 0RVWUHTXH '3
[
o o
68*(672'HWHUPLQH FRV %'Ö & DSDUWLUGRSURGXWR '& '%
),0
23URIHVVRU
3$ 3iJLQD
&27$d®(6
SRQWRV
D
E
SRQWRV
D
D
D
E
F
G
SRQWRV
SRQWRV
D
E
F
7RWDO SRQWRV
3iJLQD 3$