Loading ...
Loading ...
Loading ...

)LOWU\ ] ZęJOHP DNW\ZQ\P GR WU\EX SUDF\ Z RELHJX
]DPNQLęW\P
)LOWU\]ZęJOHPDNW\ZQ\PSRFKãDQLDMĉQLHSRŰĉGDQH]DSDFK\Z
WU\ELHSUDF\ZRELHJX]DPNQLęW\P3U]\VWDQGDUGRZ\P
XŰ\WNRZDQLXILOWUD]ZęJOHPDNW\ZQ\PFRG]LHQQLHSU]H]RN
JRG]LQęQDOHŰ\Z\PLHQLDþILOWU[ZURNX
:VND]yZND )LOWU\]ZęJOHPDNW\ZQ\PQLH]DZLHUDMĉVXEVWDQFML
V]NRGOLZ\FKLPRŰQDMHZ\U]XFDþ]RGSDGDPLNRPXQDOQ\PL
ptpt
ì
,QVWUXo}HVGHPRQWDJHP
: ,QVWUXo}HVGHVHJXUDQoDLPSRUWDQWHV
/HLDDWHQWDPHQWHRSUHVHQWHPDQXDO6yDVVLPSRGHUiXWLOL]DUR
VHX DSDUHOKR GH IRUPD VHJXUD H FRUUHFWD *XDUGH DV LQVWUXo}HV GH
XWLOL]DomRHPRQWDJHPSDUDFRQVXOWDVIXWXUDVRXSDUDIXWXURV
XWLOL]DGRUHV
6y FRP XPD PRQWDJHP HVSHFLDOL]DGD H HP FRQIRUPLGDGH FRP DV
LQVWUXo}HV GH PRQWDJHP SRGH VHU JDUDQWLGD D VHJXUDQoD GXUDQWH
DXWLOL]DomR2LQVWDODGRUpUHVSRQViYHOSHORIXQFLRQDPHQWR
FRUUHWRQRORFDOGHPRQWDJHP
3HULJRGHIHULPHQWRV
2DSDUHOKRSRGHFDLUVHQmRHVWLYHUFRUUHWDPHQWHIL[DGR7RGRV
RVHOHPHQWRVGHIL[DomRWrPGHVHUPRQWDGRVGHIRUPDIL[DH
VHJXUD
3HULJRGHFKRTXHHOpWULFR
2VFRPSRQHQWHVLQWHULRUHVGRDSDUHOKRSRGHPWHUDUHVWDVYLYDV
2 FDER GH OLJDomR SRGH ILFDU GDQLILFDGR 1mR GREUDU QHP HQWDODU R
FDERHOpWULFRGXUDQWHDLQVWDODomR
3HULJRGHIHULPHQWRV
2VFRPSRQHQWHVLQWHULRUHVGRDSDUHOKRSRGHPWHUDUHVWDVYLYDV
8VHOXYDVGHSURWHomR
3HULJRGHDVIL[LD
2PDWHULDOGHHPEDODJHPpSHULJRVRSDUDDVFULDQoDV1XQFD
GHL[HDVFULDQoDVEULQFDUHPFRPRPDWHULDOGHHPEDODJHP
,QVWDODomR
$WHQomR
&HUWLILTXHVH GH TXH QmR H[LVWHP FDERV HOpWULFRV WXERV GH JiV RX
GHiJXDQD]RQDGRVIXURV
1RWD $SRVLomRGRPyGXORGHFLUFXODomRGHDUGL]UHVSHLWRj
DUHVWDVXSHULRUGRSDLQHOGHFRUDWLYRGDFKDPLQp
0DUFDUDVSRVLo}HVSDUDRVSDUDIXVRVHRFRQWRUQRGD]RQDGH
VXVSHQVmR
)D]HUIXURVFRPGHPPHPPGHSURIXQGLGDGHH
LQWURGX]LUDVEXFKDVQLYHODGDVFRPDSDUHGH)LJXUD
5HWLUDURILOWURGHFDUYmRDWLYRHUHPRYHUDSHOtFXOD)LJXUD
$SDUDIXVDURPyGXORGHFLUFXODomRGHDUHRHVTXDGURGH
IL[DomRSDUDRSDLQHOGHFRUDWLYRGDFKDPLQp)LJXUD
)L[DUDPDQJXHLUDFRPDVGXDVEUDoDGHLUDVQRPyGXORGH
FLUFXODomRGHDUHQDPDQJDGHDUGRH[DXVWRU
$ PDQJXHLUD GHYH HVWDU HVWLFDGD FRUWDU VH QHFHVViULR )LJXUD 
0RQWDURSDLQHOGHFRUDWLYRGDFKDPLQpHSUHQGHUHQWUHR
HVTXDGURGHIL[DomRHDSDUHGH)LJXUD
$SRQWDURVHQWDOKHVGRSDLQHOGHFRUDWLYRLQWHULRUSDUDEDL[R
0RQWDURILOWURGHFDUYmRDWLYR)LJXUD
0RQWDU D DED LQFOLQDGD SUHPLU OHYHPHQWH SDUD FLPD H HPSXUUDU
SDUDWUiV2VUHEDL[RVGRIULVRGHFRUDWLYRGHYHPVHUDOLQKDGRV
SRUFLPDGRVSLQRVGHVHJXUDQoD)LJXUD
)LOWURGHFDUYmRDWLYRSDUDIXQFLRQDPHQWRFRP
UHFLUFXODomRGHDU
2VILOWURVGHFDUYmRDWLYRDJOXWLQDPDVVXEVWkQFLDVRGRUtIHUDVQR
IXQFLRQDPHQWRFRPUHFLUFXODomRGHDU&RPXWLOL]DomRQRUPDO
DSUR[KRUDSRUGLDVXEVWLWXDRILOWURGHFDUYmRDWLYR[SRU
DQR
1RWD 2V ILOWURV GH FDUYmR DWLYR QmR FRQWrP VXEVWkQFLDV QRFLYDV H
SRGHPVHUHOLPLQDGRVMXQWDPHQWHFRPROL[RGRPpVWLFR
ro
í
,QVWUXFŘLXQLGHPRQWDM
: ,QVWUXFŘLXQLGHVLJXUDQŘćLPSRUWDQWH
&LWLŘLFXDWHQŘLHDFHVWHLQVWUXFŘLXQL1XPDLDVWIHOSXWHŘLXWLOL]D
DSDUDWXOFRUHFWüLvQVLJXUDQŘć3ćVWUDŘLLQVWUXFŘLXQLOHGHXWLOL]DUHüL
GH PRQWDM SHQWUX R FRQVXOWDUH XOWHULRDUć VDX SHQWUX HYHQWXDOL YLLWRUL
SURSULHWDUL
1XPDLODPRQWDMXOUHJXODPHQWDUFRUHVSXQ]ćWRULQVWUXFŘLXQLLGH
PRQWDMHVWHJDUDQWDWćVLJXUDQŘDODXWLOL]DUH,QVWDODWRUXOHVWH
UHVSRQVDELOSHQWUXIXQFŘLRQDUHDLUHSURüDELOćODORFXOGHLQVWDODUH
3HULFROGHUćQLUH
'DFćDSDUDWXOQXHVWHIL[DWFRUHVSXQ]ćWRUDFHVWDSRDWHFćGHD
7RDWHHOHPHQWHOHGHIL[DUHWUHEXLHPRQWDWHELQHüLVLJXU
3HULFROGHHOHFWURFXWDUH
&RPSRQHQWHOHGLQLQWHULRUXODSDUDWXOXLSRWDYHDPXFKLLDVFXŘLWH
&DEOXOGHUDFRUGDUHVHSRDWHGHWHULRUD1XvQGRLŘLüLQXSULQGHŘL
FDEOXOGHUDFRUGDUHvQWLPSXOLQVWDOćULL
3HULFROGHUćQLUH
&RPSRQHQWHOHGLQLQWHULRUXODSDUDWXOXLSRWDYHDPXFKLLDVFXŘLWH
3XUWDŘLPćQXüLGHSURWHFŘLH
3HULFROGHVXIRFDUH
0DWHULDOXOGHDPEDODMHVWHSHULFXORVSHQWUXFRSLL1XOćVDŘL
QLFLRGDWćFRSLLLVćVHMRDFHFXPDWHULDOGHDPEDODM
,QVWDODUHD
$WHQŘLH
$VLJXUDŘLYćFćvQ]RQDvQFDUHVHUHDOL]HD]ćJćXULOHQXVHDIOć
FDEOXULHOHFWULFHŘHYLGHJD]VDXGHDSć
,QGLFDŘLH 3R]LŘLD PRGXOHORU GH UHFLUFXODUH D DHUXOXL GHSLQGH üL GH
PDUJLQHDVXSHULRDUćDPćüWLLFRüXOXLGHIXP
0DUFDŘL SR]LŘLLOH SHQWUX üXUXEXUL üL FRQWXUXO ]RQHL GH VXVSHQGDUH
5HDOL]DŘLJćXULFXPPüLDGkQFLPHDJćXULLGHPPüL
DSćVDŘLGLEOXULOHSHSHUHWHILJXUD
6FRDWHŘLILOWUXOGHFDUERQDFWLYüLvQGHSćUWDŘLIROLDILJXUD
3ULQGHŘLFXüXUXEXULPRGXOXOGHUHFLUFXODUHDDHUXOXLüLFRUQLHUXO
GHVXVŘLQHUHSHQWUXPDVFDFRüXOXLGHIXPILJXUD
)L[DŘLIXUWXQXOFXFHOHGRXćFROLHUHSHQWUXŘHDYćSHPRGXOXOGH
UHFLUFXODUHDDHUXOXLüLSHüWXŘXOGHDHUDOKRWHL
)XUWXQXO WUHEXLH ILH vQWLQV GDFć HVWH QHFHVDU VFXUWDŘLO ILJXUD

$üH]DŘLPDVFDFRüXOXLGHIXPüLIL[DŘLRvQWUHFRUQLHUXOGH
VXVŘLQHUHüLSHUHWHILJXUD
)DQWHOH PćüWLL LQWHULRDUH D FRüXOXL GH IXP WUHEXLH ILH RULHQWDWH
vQMRV
,QWURGXFHŘLILOWUXOGHFDUERQDFWLYILJXUD
$üH]DŘLSDQRXOXüRUvQFOLQDWDSćVDŘLXüRUSDUWHDVXSHULRDUćüL
vPSLQJHŘLvQVSDWH2ULILFLLOHGHSHSDQRXWUHEXLHVćVHDIOHvQ
GUHSWXOüXUXEXULORUGHIL[DUHILJXUD
)LOWUXGHFDUERQDFWLYSHQWUXUHJLPXOFXDHU
UHFLUFXODW
)LOWUHOHGHFDUERQDFWLYFDSWHD]ćVXEVWDQŘHOHFXPLURVXULvQ
UHJLPXOFXDHUUHFLUFXODWÍQFD]XOXQHLXWLOL]ćULQRUPDOH
DSUR[LPDWLYRUćSH]LvQORFXLŘLILOWUXOGHFDUERQDFWLYRGDWćSH
DQ
,QGLFDŘLH )LOWUHOH GH FDUERQ DFWLY QX FRQŘLQ VXEVWDQŘH GćXQćWRDUH
üLSRWILHYDFXDWHvQJXQRLXOPHQDMHU
ru
î
Ημπροςιυηώξνλνμρίες
: Αίεμϊδξοίαηκίρδτμηιηΰδζνξίπμνπρη
ΌηβζΪμίεφηθικθρβμΪγμίήΪηηθίκνδθάθήλμάθΘηθιθζθΰίμάΪζ
ηΪνρβμφλωικΪάβεφηθβΫίαθιΪληθιθεφαθάΪμφλωικβΫθκθζ
ΛθοκΪηωγμίκνδθάθήλμάθιθχδλιενΪμΪπββββηλμκνδπβψιθ
ζθημΪΰνήεωήΪεφηίγςίέθβλιθεφαθάΪηβωβεβήεωιίκίήΪρβ
ηθάθζνάεΪήίεφπν
΋ίαθιΪληθλμφχδλιενΪμΪπββέΪκΪημβκνίμλωμθεφδθικβ
δάΪεβξβπβκθάΪηηθγλΫθκδίλλθΫεψήίηβίζβηλμκνδπββιθ
ζθημΪΰνΑΪΫίανικίρηθλμφξνηδπβθηβκθάΪηβωθμάίμλμάίηηθλμφ
ηίλϋμζθημϋκ
Νξίπμνπρϋροίαληοναίμηώ
ΏλεβικβΫθκηίαΪξβδλβκθάΪηηΪήείΰΪσβζθΫκΪαθζθηζθΰίμ
νιΪλμφΌλίχείζίημυδκίιείηβωήθεΰηυΫυμφηΪήϋΰηθ
νλμΪηθάείηυ
Loading ...
Loading ...
Loading ...