spm trial 2010 phy q&a (sbp)

8/8/2019 Spm Trial 2010 Phy Q&A (Sbp)

1/93

)L]LN

.HUWDV

2*26

MDP

%$+$*,$13(1*8586$1

6(.2/$+%(5$65$0$3(18+'$16(.2/$+./867(5

.(0(17(5,$13(/$-$5$10$/$


2/93

68/,7

68/,7

7KHIROORZLQJLQIRUPDWLRQPD\EHXVHIXO7KHV\PEROVKDYHWKHLUXVXDOPHDQLQJ

0DNOXPDWEHULNXWPXQJNLQEHUIDHGDK6LPEROVLPEROPHPSXQ\DLPDNQD\DQJELDVD

D YX 3RZHU3 HQHUJ\

W WLPH

YXDV 9,5

VXW DW 3RZHU3,9

NXDVD

0RPHQWXPPY 1V9V 1S9S

)PD (IILFLHQF\ ,V9V[

NHFHNDSDQ ,S9S

.LQHWLFHQHUJ\ PY

7HQDJDNLQHWLN 7HQDJDNHXSD\DDQ I X Y

3RWHQWLDOHQHUJ\ PJK QVLQL 7HQDJDNHXSD\DDQ VLQU

(ODVWLFSRWHQWLDOHQHUJ\ )[ Q 5HDOGHSWK7HQDJDNHXSD\DDQNHQ\DO $SSDUHQWGHSWK

P D[

9 '

3UHVVXUHKSJ 4,W

7HNDQDQ

3UHVVXUH) (,5U 7HNDQDQ $

H9PY

+HDW4 PF +DED JPV

39&RQVWDQWSHPDODU

(PF

YI

papercollection


3/93

68/,7

68/,7

$QVZHUDOOTXHVWLRQV(DFKTXHVWLRQLVIROORZHGE\HLWKHUWKUHHRUIRXURSWLRQV

&KRRVHWKHEHVWRSWLRQIRUHDFKTXHVWLRQWKHQEODFNHQWKHFRUUHFWVSDFHRQWKHDQVZHUVKHHW -DZDEVHPXDVRDODQ7LDSWLDSVRDODQGLLNXWLROHKVDPDDGDWLJDDWDXHPSDWSLOLKDQMDZDSDQ3LOLKVD

MDZDSDQ\DQJWHUEDLNEDJLVHWLDSVRDODQGDQKLWDPNDQUXDQJDQ\DQJ

VHSDGDQSDGDNHUWDVMDZDSDQREMHNWLIDQGD

:KLFKRIWKHIROORZLQJYDOXHRISUHIL[LVFRUUHFW"


4/93

68/,7

68/,7

$PP

%PP

& PP

'PP

:KLFKRIWKHIROORZLQJVWXGHQWVUHFRUGHGWKHFRUUHFWUHDGLQJRIWKHWKLFNQHVVRIDWH[WERRN"

0DQDNDKDQWDUDSHODMDUEHULNXW\DQJPHPEHULNDQEDFDDQ\DQJEHWXOEDJLNHWHEDODQVHEXDKEXNX

WHNV"

6WXGHQW3HODMDU

5XOHU3HPEDULV

FP

9HUQLHU&DOOLSHUV$QJNXSYHUQLHUFP

0LFURPHWHU6FUHZ*DXJH7RORNVNUXPLNURPHWHUFP

$

%

&

'

3

4

5

6

7KHHTXDWLRQEHORZVKRZVWKHUHODWLRQVKLSEHWZHHQLPDJHGLVWDQFHYZLWKPDJQLILFDWLRQ0IRU

FRQYH[OHQV

3HUVDPDDQGLEDZDKPHQXQMXNNDQKXEXQJDQDQWDUDMDUDNLPHMYGHQJDQSHPEHVDUDQ0

XQWXNVHEXDKNDQWDFHPEXQJ

Y0

:KLFKRIWKHIROORZLQJJUDSKVVKRZVWKHUHODWLRQVKLSEHWZHHQYDQG0IRUWKHDERYHHTXDWLRQ"

$QWDUDJUDIJUDIEHULNXW\DQJPDQDNDKPHQXQMXNNDQKXEXQJDQDQWDUDYGDQ 0EDJLSHUVDPDDQGLDWDV"

papercollection


5/93

68/,7

68/,7

'LDJUDPVKRZVIRXUFXEHVPDGHIURPIRXUGLIIHUHQWW\SHVRIPDWHULDOGURSSHGIURPDWDOOEHQFK5DMDKPHQXQMXNNDQHPSDWNXEXV\DQJGLSHUEXDWGDULSDGDHPSDWMHQLVEDKDQEHUODLQDQ

GLMDWXKNDQGDULSDGDVHEXDKEDQJNX\DQJWLQJJL

:KLFKFXEHVKDYHWKHVDPHDFFHOHUDWLRQ".XEXVPDQD\DQJDNDQPHPSXQ\DLSHFXWDQ\DQJVDPD"

$/HDGDQGJODVVRQO\

3OXPEXPGDQNDFDVDKDMD

%5XEEHUDQGEDOVDZRRGRQO\*HWDKGDQND\XEDOVDVDKDMD

/HDG3OXPEXP 5XEEHU*HWDK *ODVV.DFD %DOVDZRRG.D\XEDOVD

'LDJUDP

5DMDK

papercollection


6/93

68/,7

68/,7

&*ODVVUXEEHUDQGOHDGRQO\.DFDJHWDKGDQSOXPEXPVDKDMD

'/HDGUXEEHUJODVVDQGEDOVDZRRG

3OXPEXPJHWDKNDFDGDQND\XEDOVD

'LDJUDPVKRZVDJUDSKRIYHORFLW\DJDLQVWWLPHIRUWKHPRWLRQRIDEXV

5DMDKPHQXQMXNNDQJUDIKDODMXWHUKDGDSPDVDEDJLSHUJHUDNDQVHEXDKEDV

+RZIDUGRHVWKHEXVWUDYHOEHIRUHLWUHDFKHVDVWHDG\YHORFLW\" %HUDSDMDXKNDKEDVLWXDNDQEHUJHUDNVHEHOXPPHQFDSDLKDODMX\DQJVHUDJDP"

$ P% P

& P

' P

'LDJUDPVKRZVDWLFNHUWDSHWKDWZDVREWDLQHGIURPDQH[SHULPHQWE\XVLQJWUROOH\$RIPDVV

NJDQGDWUROOH\%7UROOH\$ZDVUHOHDVHGIURPRQHHQGRISODWIRUPVRWKDWLWPRYHVGRZQZDUG

DQGFROOLGHVZLWKWKHVWDWLRQDU\WUROOH\%$IWHUWKHFROOLVLRQWKH\VWLFNDQGPRYHWRJHWKHU:KDWWKHPDVVRIWUROOH\%"5DMDK PHQXQMXNNDQ SLWD GHWLN \DQJ GLSHUROHKL GDULSDGD VDWX HNVSHULPHQ \DQJ PHQJJXQDN

WUROL$EHUMLVLPNJGDQWUROL%7UROL$GLOHSDVNDQGDULSDGDKXMXQJVHEXDKODQGDVDQVXSD\DEHUJHUDNNHEDZDKGDQEHUODQJJDUGHQJDQWUROL%\DQJSHJXQ6HOHSDVSHUODQJJDUDQNHGXDGX

WUROLLWXEHUFDQWXPGDQEHUJHUDNEHUVDPDVDPD%HUDSDNDKMLVLPEDJLWUROL%

WV

Y P

'LDJUDP

5DMDK

%HIRUH&ROOLVLRQ $IWHUFROOLVLRQ

6HEHOXPSHUODQJJDUDQ 6HOHSDVSHUODQJJDUDQ

'LDJUDP

5DMDK

papercollection


7/93

68/,7

68/,7

$ NJ

% NJ& NJ

' NJ

'LDJUDPVKRZVDF\FOLVWULGLQJDORQJDKLOO\URDG$WZKLFKSRVLWLRQGRHVWKHF\FOLVWKDYHWKHKLJKHVWNLQHWLFHQHUJ\"

5DMDKGLEDZDKPHQXQMXNNDQVHRUDQJSHQXQJJDQJEDVLNDOGLMDODQ\DQJEHUEXNLWEXNDX3DGDNHGXGXNDQPDQDNDKSHQXQJJDQJLWXPHPSXQ\DLWHQDJDNLQHWLN\DQJSDOLQJWLQJJL"

'LDJUDPVKRZVDUHDGLQJRIDZHLJKLQJPDFKLQHZKHQWKHOLIWLVVWDWLRQDU\5DMDKPHQXQMXNNDQEDFDDQPHVLQSHQLPEDQJNHWLNDOLISHJXQ

'LDJUDP

5DMDK

:HLJKLQJ

PDFKLQH /LIW

'LDJUDP

5DMDK

papercollection


8/93

68/,7

68/,7

:KDWLVWKHUHDGLQJRIWKHZHLJKLQJPDFKLQHLIWKHOLIWH[SHULHQFHVDIUHHIDOO"%HUDSDNDKEDFDDQPHVLQSHQLPEDQJNHWLNDOLIMDWXKEHEDV"

'LDJUDPVKRZVWZRLGHQWLFDOVSULQJVDUHDUUDQJHGSDUDOOHOWRHDFKRWKHU$ORDGRI1LV

VXVSHQGHGWRWKHVSULQJV(DFKVSULQJH[WHQGVE\FPZKHQ1LVVXVSHQGHGIURPLW

5DMDKPHQXQMXNNDQGXDVSULQJ\DQJVHUXSDGLVXVXQVHFDUDVHODULDQWDUDVDWXVDPDODLQ%HEDQ

1GLJDQWXQJNHSDGDNHGXDGXDVSULQJWHUVHEXW6HWLDSVSULQJDNDQPHPDQMDQJVHEDQ\DNFPDSDELODEHEDQ1GLJDQWXQJ

:KDWLVWKHH[WHQVLRQRIHDFKVSULQJLQ'LDJUDP"

%HUDSDNDKSHPDQMDQJDQEDJLVHWLDSVSULQJGDODP5DMDK"

'LDJUDP

5DMDK

papercollection


9/93

68/,7

68/,7

$FP

%FP

&FP

'FP

'LDJUDPVKRZVD)RUPXODUDFLQJFDU5DMDKPHQXQMXNNDQVHEXDKNHUHWDOXPED)RUPXOD

:K\GRHVWKHFDUVGHVLJQHQJLQHHUXVHOLJKWFRPSRVLWHPDWHULDOVIRUPDNLQJWKHERG\RIWKHFDUDOWKRXJKLWVHQJLQHLVSRZHUIXO"

0HQJDSDNDKEDGDQNHUHWDOXPEDWHUVHEXWSHUOXGLSHUEXDWGDULSDGDEDKDQNRPSRVLW

\DQJULQJDQZDODXSXQHQMLQQ\DEHUNXDVDWLQJJL"

$ $FFHOHUDWLRQLQFUHDVHVLIPDVVGHFUHDVHV 3HFXWDQDNDQEHUWDPEDKMLNDMLVLPQ\DEHUNXUDQJ

% $VPDOOPDVVSURGXFHVDODUJHIRUFH -LVLP\DQJUHQGDKPHQJKDVLONDQGD\D\DQJWLQJJL

& $ODUJHIRUFHSURGXFHVDODUJHLQHUWLD

'D\D\DQJEHVDUPHQJKDVLONDQLQHUVLD\DQJEHVDU

' 7KHFRVWRIFRPSRVLWHPDWHULDORIVPDOOPDVVLVORZ .RVEDJLEDKDQNRPSRVLW\DQJEHUMLVLPUHQGDKDGDODKNHFLO

'LDJUDP

5DMDK

papercollection


10/93

68/,7

68/,7

'LDJUDPVKRZVDVLPSOHPHUFXU\EDURPHWHU7KHEDURPHWHUUHDGLQJLVKFPRIPHUFXU\

5DMDKGLEDZDKPHQXQMXNNDQVHEXDKEDURPHWHUPHUNXULULQJNDV%DFDDQEDURPHWHULQLLDODKKFPPHUNXUL

'LDJUDP5DMDK

7KHSK\VLFDOTXDQWLW\PHDVXUHGKLVWKH

.XDQWLWLIL]LN\DQJGLXNXUROHKKLDODK

$OLTXLGSUHVVXUH 7HNDQDQFHFDLU

%YDFXXPYDNXP

&DWPRVSKHULFSUHVVXUH7HNDQDQDWPRVIHUD

'JDVSUHVVXUH

7HNDQDQJDV

'LDJUDPEHORZVKRZVWZRW\SHVRIZKHHOIURPWZRGLIIHUHQWFDUWV2QHFDUWKDVIRXUQDUURZZKHHOVDQGWKHRWKHUKDVIRXUZLGHZKHHOV

5DMDKPHQXQMXNNDQGXDMHQLVURGDGDULSDGDGXDNHQGHUDDQ\DQJEHUEH]D6DWXNHQGHUDDQPHPSXQ\DLHPSDWURGD\DQJWLUXVGDQVHEXDKODJLNHQGHUDDQPHPSXQ\DLURGD\DQJOHEDU

1DUURZZKHHO ZLGHZKHHOURGDWLUXV URGDOHEDU

'LDJUDP

5DMDK

papercollection


11/93

68/,7

68/,7

,QUDLQ\ZHDWKHUZKLFKFDUWVLQNVOHVVLQWRVRIWJURXQGDQGZK\"

'DODPNHDGDDQKXMDQURGD\DQJPDQDNDK\DQJNXUDQJWHQJJHODPNHGDODPWDQDKGDQPHQJDSD"

:KHHO

URGD

5HDVRQ

VHEDE

$ 1DUURZWLUXV

*UHDWHUSUHVVXUHRQWKHJURXQG7HNDQDQ\DQJWLQJJLNHDWDVWDQDK

% 1DUURZWLUXV

/HVVSUHVVXUHRQWKHJURXQG7HNDQDQ\DQJUHQGDKNHDWDVWDQDK

& :LGHOHEDU

*UHDWHUSUHVVXUHRQWKHJURXQG7HNDQDQ\DQJWLQJJLNHDWDVWDQDK

' :LGH

OHEDU

/HVVSUHVVXUHRQWKHJURXQG7HNDQDQ\DQJUHQGDKNHDWDVWDQDK

'LDJUDPVKRZVWKHVLGHYLHZRIDVZLPPLQJSRRO5DMDKPHQXQMXNNDQSDQGDQJDQVLVLVHEXDKNRODPUHQDQJ

7KHFRUUHFWFRPSDULVRQIRUWKHSUHVVXUHDW;


12/93

68/,7

68/,7

'LDJUDPVKRZVZDWHUVSXUWVRXWIURPDYHVVHOZKHQWKHSLVWRQLVSXVKHGGRZQZDUG

5DMDKPHQXQMXNNDQDLUPHPDQFXWNHOXDUGDULVHEXDKEHNDVELODRPERKGLWRODNNHEDZDK

'LDJUDP

5DMDK

:KLFKRIWKHSK\VLFVSULQFLSOHFDQH[SODLQWKHDERYHVLWXDWLRQ"0DQDNDKDQWDUDSULQVLSIL]LNEHULNXW\DQJGDSDWPHQHUDQJNDQVLWXDVLGLDWDV"

$ %HUQRXOOLV3ULQFLSOH3ULQVLS%HUQRXOOL

% 3DVFDOV3ULQFLSOH

3ULQVLS3DVFDO

& $UFKLPHGHV3ULQFLSOH 3ULQVLS$UFKLPHGHV

'LDJUDPVKRZVDER\LQDUDIW 5DMDKPHQXQMXNNDQVHRUDQJEXGDNGLDWDVUDNLW

'LDJUDP

5DMDK

papercollection


13/93

68/,7

68/,7

,IWKHZHLJKWRIWKHER\DQGWKHUDIWLV1ZKDWLVWKHYROXPHRIWKHUDIWZKLFKLVVXEPHUJHG

-LNDEHUDWEXGDNGDQUDNLWQ\DLDODK1DSDNDKLVLSDGXEDKDJLDQUDNLW\DQJWHQJJHODP"

>'HQVLW\RIZDWHUNJP

DQGJPV

@

>.HWXPSDWDQDLUNJPGDQJPV@

$ P

% P

& P

' P

'LDJUDPVKRZVDWKLVWOHIXQQHOFRQQHFWHGWRDPHUFXU\PDQRPHWHU

5DMDKPHQXQMXNNDQVHWUDGDVFRURQJWLVHO\DQJGLVDPEXQJNDQNHSDGDVHEXDKPDQRPHWHUPHUNXUL

:KHQWKHIXQQHOLVSXVKHGGHHSHULQWRWKHZDWHUZKDWKDSSHQVWRWKHPHUFXU\OHYHO;LQ

WKHPDQRPHWHU"

$SDELODFRURQJGLWRODNNHGDODPDLUDSDDNDQWHUMDGLSDGDDUDVPHUNXUL;GDODP

PDQRPHWHU"

$ 5HPDLQVXQFKDQJHG

7LDGDSHUXEDKDQ

% 5LVHV 0HQLQJNDW

& 'URSV

0HQXUXQ

'LDJUDP

5DMDK

WLXEJHWDK

FRURQJWLVHO

DLUPHUNXUL

papercollection


14/93

68/,7

68/,7

$VXEVWDQFHLVKHDWHGDWDVWHDG\UDWH,WFKDQJHVIURPVROLGVWDWHWROLTXLGVWDWHDQGWKHQWRJDV

7KHJUDSKLQ'LDJUDPVKRZVKRZLWVWHPSHUDWXUHFKDQJHVZLWKWLPH

6HMHQLVEDKDQGLSDQDVNDQGHQJDQNDGDU\DQJVHNDWD,DEHUXEDKGDULSDGDNHDGDDQSHSHMDOPHQMDGLNHDGDDQFHFDLUNHPXGLDQPHQMDGLJDV5DMDKPHQXQMXNNDQJUDI\DQJPHQXQMXNNDQ

EDJDLPDQDVXKXQ\DEHUXEDKWHUKDGDSPDVD

:KLFKSDUWVRIWKHJUDSKVKRZDFKDQJHRIVWDWHWDNLQJSODFH" %DKDJLDQPDQDNDKSDGDJUDIPHQXQMXNNDQEHUODNXQ\DSHUXEDKDQIDVD"

$3DQG53GDQ5

%3DQG6

3GDQ6&4DQG54GDQ5

'4DQG6

4GDQ6

'LDJUDP

5DMDK

VXKX

PDVD

papercollection


15/93

68/,7

68/,7

'LDJUDPVKRZVWZRLFHFXEHVRIPDVVHVPDQGPPHOWLQJDWURRPWHPSHUDWXUH

7KHWHPSHUDWXUHRIWKHLFHFXEHVZHUHLQLWLDOO\DW&5DMDKPHQXQMXNNDQGXDNHWXODQDLV\DQJPDVLQJPDVLQJEHUMLVLPPGDQPFDLUDSDELOD

EHUDGDGLGDODPVXKXELOLN6XKXDZDONHGXDGXDNHWXODQDLVLQLLDODK&

:KLFKJUDSKVKRZVWKHFRUUHFWWHPSHUDWXUHYHUVXVWLPHUHODWLRQVKLSIRUWKHWZRLFHFXEHV"

*UDIPDQDNDK\DQJPHQXQMXNNDQKXEXQJDQVXKXPHODZDQPDVD\DQJEHWXOEDJLNHGXDGXD

NHWXODQDLVLWX"

'LDJUDP

5DMDK

papercollection


16/93

68/,7

68/,7

(TXDOYROXPHVRIWHDDW&DUHSRXUHGLQWRWZRFRQWDLQHUVRIGLIIHUHQWPDWHULDOV'LDJUDPVKRZVWKHWKHUPRPHWHUUHDGLQJVDIWHUPLQXWHV$LUWHKSDGDVXKX&GDQVDPDEDQ\DNGLWXDQJNDQNHGDODPGXDEHNDV\DQJ

GLSHUEXDWGDULSDGDEDKDQ\DQJEHUEH]D5DMDKPHQXQMXNNDQEDFDDQ

WHUPRPHWHUVHOHSDVPLQLW

7KHWKHUPRPHWHUUHDGLQJVGLIIHUEHFDXVH %DFDDQWHUPRPHWHUEHUEH]DNHUDQD

$ WKHKHDWFDSDFLW\RIFRQWDLQHU;!WKHKHDWFDSDFLW\RIFRQWDLQHU


17/93

68/,7

68/,7

'LDJUDPVKRZVDPHUFXU\WKHUPRPHWHUZKLFKKDVQRWEHHQFDOLEUDWHG7KHOHQJWK

RIPHUFXU\FROXPQLQWKHWKHUPRPHWHULVFPDW&DQGFPDW

&

5DMDKPHQXQMXNNDQVHEXDKWHUPRPHWHUPHUNXUL\DQJEHOXPGLWHQWXNXU3DQMDQJ

WXUXVPHUNXULSDGDWKHUPRPHWHULDODKFPSDGD&GDQFPSDGD

&

'LDJUDP

5DMDK

:KHQWKHWKHUPRPHWHULVSODFHGLQKRWZDWHUWKHOHQJWKRIWKHPHUFXU\FROXPQLVFP

:KDWLVWKHWHPSHUDWXUHRIKRWZDWHU"

$SDELODWHUPRPHWHULWXGLPDVXNNDQNHGDODPDLUSDQDVSDQMDQJWXUXVPHUNXUL

PHQMDGLFP%HUDSDNDKVXKXDLUSDQDV"

$&

%&

&&

'&

'LDJUDPVKRZVDFDQGOHSODFHGLQIURQWRIDSODQHPLUURU

5DMDKPHQXQMXNNDQVHEXDKOLOLQ\DQJGLOHWDNNDQGLKDGDSDQVHEXDKFHUPLQVDWDK

5HIHUULQJWRWKHDERYHGLDJUDPZKLFKLVWKHFRUUHFWSRVLWLRQRIWKHLPDJHRIWKHFDQGOH"%HUGDVDUNDQUDMDKGLDWDVGLPDQDNDKNHGXGXNDQ\DQJEHWXOEDJLLPHMOLOLQWHUVHEXW"

'LDJUDP

5DMDK

papercollection


18/93

68/,7

68/,7

'LDJUDPVKRZVDOLJKWUD\./01SDVVLQJWKURXJKWKUHHGLIIHUHQWPHGLXPV5DMDKPHQXQMXNNDQVDWXVLQDUFDKD\D./01PHUDPEDWPHODOXLWLJDPHGLXP\DQJ

EHUEH]D

'LDJUDP5DMDK

:KLFKRIWKHIROORZLQJLVWKHFULWLFDODQJOH" $QWDUDEHULNXW\DQJPDQDNDKVXGXWJHQWLQJ"

$ S

% T

& U

' V

'LDJUDPVKRZVDOLJKWUD\SDVVLQJWKURXJKPHGLXP;7KHFULWLFDODQJOHIRUPHGLXP;LV5DMDKPHQXQMXNNDQVLQDUFDKD\D\DQJPHODOXLPHGLXP;6XGXWJHQWLQJEDJLPHGLXP;LDODK

5HIHUULQJWRWKHDERYHGLDJUDPZKDWLVWKHOLJKWSDWKDIWHUSRLQW2"%HUGDVDUNDQUDMDKGLDWDVDSDNDKDUDKVLQDUVHOHSDVWLWLN2"

'LDJUDP

5DMDK

papercollection


19/93

68/,7

68/,7

:KLFKGUDZLQJVKRZVWKHFRUUHFWSDWKRIOLJKWUD\VSDVVLQJWKURXJKDFRQFDYHOHQV" /XNLVDQPDQDNDK\DQJPHQXQMXNNDQOLQWDVDQVLQDUFDKD\D\DQJPHODOXLNDQWDFHNXQJ\DQJEHWX

7KHSRZHURIDFRQYHVOHQVLV':KDWLVWKHIRFDOOHQJWKRIWKHOHQV

.XDVDVHEXDKNDQWDFHPEXQJDGDODK'%HUDSDNDKSDQMDQJIRNXVNDQWDWHUVHEXW"

$ FP

% FP

& FP

' FP

papercollection


20/93

68/,7

68/,7

:KLFKRIWKHIROORZLQJSURGXFHVORQJLWXGLQDOZDYHV"


21/93

68/,7

68/,7

:KDWLVWKHZDYHOHQJWKRIWKHZDWHUZDYHV"

%HUDSDNDKSDQMDQJJHORPEDQJDLU"

$ FP

% FP

& FP

' FP

:KLFKRIWKHGLDJUDPVEHORZVKRZVWKHSDWWHUQRIZDWHUZDYHVZKLFKSDVVHVWKURXJK

DVPDOOJDSFRUUHFWO\"

$QWDUDUDMDKEHULNXW\DQJPDQDNDKPHQXQMXNNDQFRUDNJHORPEDQJDLU\DQJPHODOXL

VDWXFHODKDQVHPSLWGHQJDQEHWXO"

papercollection


22/93

68/,7

68/,7

'LDJUDPVKRZVDQLQWHUIHUHQFHSDWWHUQSURGXFHGE\DULSSOHWDQN5DMDKGLEDZDKLDODKFRUDNLQWHUIHUHQVJHORPEDQJDLU\DQJGLKDVLONDQGDODPWDQJNLULDN

:KLFKRIWKHIROORZLQJVKRZVWKHSDWWHUQVIRUPHGDWSRLQW3456DQG7DWDFHUWDLQSHULRGRI

WLPH"$QWDUDEHULNXW\DQJPDQDNDKPHQXQMXNNDQFRUDNJHORPEDQJSDGDWLWLNWLWLN3456GDQ7SDGDVXDWXPDVDWHUWHQWX"

:DYHV

VRXUFHV

:DYHVVRXUFHV

'LDJUDP

5DMDK

papercollection


23/93

68/,7

68/,7

:KLFKRIWKHIROORZLQJGLDJUDPVKRZVWKHFRUUHFWODEHORIZDYHOHQJWKSURGXFHE\DVOLQN\VSULQJ

$QWDUDUDMDKEHULNXW\DQJPDQDNDKPHQXQMXNNDQODEHO\DQJEHWXOXQWXNSDQMDQJJHORPEDQJEDJJHORPEDQJ\DQJGLKDVLONDQROHKVSULQJVOLQNL"

7KHVSHHGRIVRXQGZDYHVYDULHVLQGLIIHUHQWVWDWHRIPDWWHU

:KLFKRIWKHIROORZLQJVKRZVWKHVSHHGRIVRXQGLQDVFHQGLQJRUGHU" /DMXJHORPEDQJEXQ\LEHUXEDKGLGDODPUXSDEHQWXNMLULP\DQJEHUEH]D

0DQDDQWDUDEHULNXWPHQXQMXNNDQODMXJHORPEDQJEXQ\LGDODPVXVXQDQPHQDLN"

/RZVSHHGKLJKVSHHG/DMXUHQGDK ODMXWLQJJL

$ $LU8GDUD

/LTXLGFHFDLU

6ROLGSHSHMDO

% 6ROLG3HSHMDO

/LTXLGFHFDLU

$LUXGDUD

& /LTXLG

FHFDLU

$LU

XGDUD

6ROLG

SHSHMDO

' /LTXLG

FHFDLU

6ROLG

SHSHMDO

$LU

XGDUD

papercollection


24/93

68/,7

68/,7

:KLFKFLUFXLWFDQEHXVHGWRGHWHUPLQHWKHHOHFWURPRWLYHIRUFHRIDGU\FHOO"/LWDUPDQDNDKEROHKGLJXQDNDQXQWXNPHQHQWXNDQGD\DJHUDNHOHNWULNVHEXDKVHONHULQJ"

7KHGHYLFH;LQ'LDJUDPEHORZLVGHVLJQHGWRFXWRIIWKHHOHFWULFLW\VXSSO\DXWRPDWLFDOO\LI

H[FHVVFXUUHQWIORZV

$ODW;GDODPOLWDUSDGD5DMDKGLEDZDKGLUHNDXQWXNPHPDWLNDQEHNDODQHOHNWULNVHNLUDQ\DDOLUDQDUXVEHUOHELKDQPHQJDOLU

'LDJUDP

5DMDK

papercollection


25/93

68/,7

68/,7

:KDWLVGHYLFH;"

$SDNDKDODW;"

$ DIXVH

ILXV

% DUHOD\ JHJDQWL

& DUHVLVWRU

SHULQWDQJ

' DQDPPHWHU DPPHWHU

$UHVLVWRUDQGDUHVLVWRUDUHFRQQHFWHGLQVHULHVDFURVVD9GFVXSSO\:KDWLVWKHFXUUHQWLQWKHFLUFXLW"

6HEXDKSHULQWDQJGDQSHULQWDQJGLVDPEXQJNDQVHFDUDVHVLULPHUHQWDVLEHNDODQDW$SDNDKQLODLDUXVGDODPOLWDUWHUVHEXW"

$ $

% $

& $

' $

'LDJUDPVKRZVLGHQWLFDOUHVLVWRULVFRQQHFWHGLQFLUFXLW34DQG5:KLFKRIWKHIROORZLQJLVFRUUHFWIRU,S,TDQG,U5DMDKPHQXQMXNNDQSHULQWDQJ\DQJVHUXSDGLVDPEXQJGDODPOLWDU34GDQ5$QWDUDEHULNX

\DQJPDQDNDKEHWXOEDJL,S,TGDQ,U

'LDJUDP

5DMDK

papercollection


26/93

68/,7

68/,7

$ ,S,T,U

% ,S,U,T

& ,T,S,U

' ,T,U,S

'LDJUDPVKRZVDJUDSKZKLFKVKRZVKRZWKHSRWHQWLDOGLIIHUHQFH9DFURVVWKHWHUPLQDOVRID

FHOOFKDQJHVZLWKWKHFXUUHQW,WKURXJKWKHFHOO

5DMDKPHQXQMXNNDQJUDIEH]DNHXSD\DDQ9PHUHQWDVLWHUPLQDOVHEXDKVHOEHUXEDKGHQJDQ

DUXV,PHODOXLVHOLWX

'LDJUDP

5DMDK

:KDWLVWKHLQWHUQDOUHVLVWDQFHRIWKHFHOO" %HUDSDNDKULQWDQJDQGDODPVHOLWX"

$

%

&

'

99

,$

papercollection


27/93

68/,7

68/,7

'LDJUDPVKRZVDVROHQRLGFRQQHFWHGWRDVHQVLWLYHJDOYDQRPHWHUFHQWHUHG]HUR5DMDKPHQXQMXNNDQVHEXDKVROHQRLG\DQJGLVDPEXQJNDQNHSDGDVHEXDKJDOYDQRPHWHU

EHUSXVDWVLIDU

:KLFKRIWKHIROORZLQJZRXOGJLYHD]HURUHDGLQJRQWKHYROWPHWHU"

$QWDUD\DQJEHULNXW\DQJPDQDNDKDNDQPHPEHULEDFDDQVLIDUSDGDYROWPHWHU"

$ PRYLQJWKHVROHQRLGWRZDUGVWKHPDJQHW PHQJJHUDNNDQVROHQRLGNHDUDKPDJQHW

% PRYLQJWKHPDJQHWDZD\IURPWKHVROHQRLG PHQJJHUDNNDQPDJQHWPHQMDXKLVROHQRLG

& PRYLQJWKHPDJQHWWRZDUGVWKHVROHQRLG PHQJJHUDNNDQPDJQHWPHQGHNDWLVROHQRLG

' PRYLQJWKHPDJQHWDQGWKHVROHQRLGLQWKHVDPHGLUHFWLRQZLWKFRQVWDQWYHORFLW\ PHQJJHUDNNDQPDJQHWGDQVROHQRLGGDODPDUDK\DQJVDPDGHQJDQKDODMXPDODU

'LDJUDP

5DMDK

papercollection


28/93

68/,7

68/,7

;DQG


29/93

68/,7

68/,7

'LDJUDPVKRZVDWUDQVIRUPHU

5DMDKPHQXQMXNNDQVHEXDKWUDQVIRUPHU

'LDJUDP

5DMDK

:KLFKRIWKHIROORZLQJPHWKRGLVXVHGWRLQFUHDVHWKHHIILFLHQF\RIWKHWUDQVIRUPHUDERYH"

0DQDNDKDQWDUDODQJNDKEHULNXWGLJXQDNDQXQWXNPHQLQJNDWODJLNHFHNDSDQWUDQVIRUPHUGLDWDV

$ 8VHDWKLQQHUZLUH0HQJJXQDNDQZD\DUOHELKQLSLV

% 8VHVROLGLURQFRUH

0HQJJXQDNDQWHUDVEHVLSHMDO

& 8VHVWHHOLURQFRUH0HQJJXQDNDQWHUDVEHVLNHOXOL

' 8VHODPLQDWHGLURQFRUH0HQJJXQDNDQWHUDVEHVLEHUODPLQD

'LDJUDPVKRZVWKHLQWHUQDOSDUWVRIDFDWKRGHUD\RVFLOORVFRSH 5DMDKPHQXQMXNNDQEDKDJLDQGDODPEDJLVHEXDKRVLORVNRSVLQDUNDWRG

'LDJUDP 5DMDK

papercollection


30/93

68/,7

68/,7

:KLFKSDUWRIWKHRVFLOORVFRSHVKRZQLQ'LDJUDPHPLWVHOHFWURQ"

%DKDJLDQPDQDNDKSDGDRVLORVNRSGL5DMDK\DQJPHQJHOXDUNDQHOHNWURQ"

:KLFKRIWKHIROORZLQJLVWKHV\PEROIRUDOLJKWVHQVLWLYHFRPSRQHQW"


31/93


32/93


33/93

68/,7

68/,7

$FDWKRGHUD\RVFLOORVFRSH&52LVFRQQHFWHGLQDFLUFXLWDVVKRZQLQ'LDJUDP

6HEXDKRVLORVNRSVLQDUNDWRG26.GLVDPEXQJNDQNHSDGDVHEXDKOLWDUVHSHUWL\DQJGLWXQMXNNDGDODP5DMDK

:KLFKRIWKHIROORZLQJWUDFHLVSURGXFHGE\WKH&DWKRGH5D\2VFLOORVFRSH&52

VFUHHQLQWKHFLUFXLWRI'LDJUDP"

0DQDNDKDQWDUDVXULKDQEHULNXWGLKDVLONDQROHKVNULQ2VLORVNRS6LQDU.DWRG26.

SDGDOLWDUGL5DMDK"

'LDJUDP5DMDK

papercollection


34/93

68/,7

68/,7

'LDJUDPVKRZVDQHOHFWULFFLUFXLWVHWXSE\DVWXGHQW+HGLVFRYHUHGWKDWWKHEXOEGLG

QRWOLJKWXS:KDWQHHGVWREHFKDQJHGLQWKHFLUFXLWVRWKDWWKHEXOEOLJKWVXS"

5DMDKPHQXQMXNNDQVHEXDKOLWDUHOHNWULN\DQJGLSDVDQJROHKVHRUDQJSHODMDU%HOLDX

PHQGDSDWLPHQWROWLGDNPHQ\DOD$SDNDK\DQJSHUOXGWXNDUVXSD\DPHQWROGDSDWPHQ\DOD"

7KHILJXUHEHORZVKRZVWKHGHFD\LQJVHULHVRIWKHLVRWRSH8UDQLXP3HUVDPDDQGLEDZDKPHQXQMXNNDQVDWXVLULUHSXWDQEDJLLVRWRS8UDQLXP

&DOFXODWHWKHQXPEHURIDOSKDDQGEHWDSDUWLFOHVHPLWWHG+LWXQJNDQELODQJDQ]DUDKDOIDGDQ]DUDKEHWD\DQJGLSDQFDUNDQ"

$&RQQHFWDIXVHWRWKHFLUFXLW

6DPEXQJNDQILXVNHGDODPOLWDU

%5HYHUVHWKHSRODULW\RIWKHEDWWHU\0HQ\RQJVDQJNDQVDPEXQJDQEDWHUL

&&KDQJHWKHSRZHUVXSSO\WRD9EDWWHU\

0HQXNDUVXPEHUEHNDODQNXDVDNHSDGDEDWHUL9

'&KDQJHWKHEXOEZLWKDQHZRQH

0HQJJDQWLNDQPHQWROGLDWDVGHQJDQPHQWRO\DQJEDUX

9:

'LDJUDP

5DMDK

papercollection


35/93

68/,7

68/,7

&KRRVHWKHVWDWHPHQWZKLFKGRHVQRWH[SODLQWKHKDOIOLIHRIDQLVRWRSH

3LOLKSHUQ\DWDDQ\DQJWLGDNEHQDUWHQWDQJVHWHQJDKKD\DWVXDWXLVRWRSUDGLRDNWLI

$ 7LPHLVKDOYHG

0DVDGLVHSDUXKNDQ

% ,VRWRSHVDFWLYLW\LVKDOYHG

.HDNWLIDQUDGLRLVRWRSGLVHSDUXKNDQ

& ,VRWRSHVPDVVLVKDOYHG

-LVLPUDGLRLVRWRSGLVHSDUXKNDQ

' 7KHQXPEHURIXQVWDEOHQXFOHLLVKDOYHG

%LODQJDQQXNOHXV\DQJWLGDNVWDELOGLVHSDUXKNDQ

'LDJUDPVKRZVKRZWKHWKLFNQHVVRISDSHULVPHDVXUHGGXULQJPDQXIDFWXUH,IWKHVKHHWLVWRRWKLFNIHZHUEHWDSDUWLFOHVFDQUHDFKWKHGHWHFWRU

5DMDKPHQXQMXNNDQNHWHEDODQNHUWDV\DQJGLXNXUGDODPVDWXLQGXVWULSHPEXDWDQNHUWDV

6HNLUDQ\DNHWHEDODQNHUWDVDGDODKWHUODOXWLQJJLKDQ\DVHGLNLWVDKDMD]DUDKEHWDDNDQVDPSDLNH

DODWSHQJHVDQ

1XPEHURIDOSKDSDUWLFOHV

%LODQJDQ]DUDKDOID

1XPEHURIEHWDSDUWLFOHV

%LODQJDQ]DUDKEHWD

$

%

&

'

3DSHUSXOS

3XOSDNHUWDV

5ROOHUVSHQJJXOXQJ

6RXUFHRIEHWD

SDUWLFOHVSXQFD

]DUDKEHWD

'HWHFWRUSHQJHVDQ

6KHHWRISDSHU

NHSLQJDQNHUWDV

'LDJUDP

5DMDK

papercollection


36/93


37/93

1$0$ 7LQJNDWDQ

)L]LN

.HUWDV

2*26

-DP%$+$*,$13(1*8586$1

6(.2/$+%(5$65$0$3(18+'$16(.2/$+./867(5

.(0(17(5,$13(/$-$5$10$/$


38/93

7KHIROORZLQJLQIRUPDWLRQPD\EHXVHIXO7KHV\PEROVKDYHWKHLUXVXDOPHDQLQJ0DNOXPDWEHULNXWPXQJNLQEHUIDHGDK6LPEROVLPEROPHPSXQ\DLPDNQD\DQJELDVD

D W

XY

Y

X

DV

VXW

DW

0RPHQWXPPY

)PD

.LQHWLFHQHUJ\PY

*UDYLWDWLRQDOSRWHQWLDOHQHUJ\PJK

(ODVWLFSRWHQWLDOHQHUJ\

)[

3RZHU3HQHUJ\

WLPH

9

P

3UHVVXUHSKJ

3UHVVXUHS $

)

+HDW4PF

+HDW4P

3939

99dd

33dd

7

39

FRQVWDQW

Q U

L

VLQ

VLQ

QUHDOGHSWK

DSSDUHQWGHSWK

YXI +=

/LQHDUPDJQLILFDWLRQPY

3I

YI

'D[

4,W

(94

9,5

(9,U

3RZHU39,

3

6

3

6

9

9

1

1=

(IILFLHQF\ 33

66

9,

9,

[

H9PY

(PF

JPV

papercollection


39/93

6HFWLRQ$%DKDJLDQ$

>PDUNV@>PDUNDK@

$QVZHUDOOTXHVWLRQVLQWKLVVHFWLRQ -DZDEVHPXDVRDODQGDODPEDKDJLDQLQL

'LDJUDPVKRZVD%DUWRQVSHQGXOXPZKLFKFRQVLVWVRIILYHVLPSOHSHQGXOXPV

KDQJLQJRQDKRUL]RQWDOVWULQJ:KHQ$LVSXOOHGDQGUHOHDVHGLWZLOOFDXVHWKHRWKHUIRXUSHQGXOXPVWRRVFLOODWH

5DMDKPHQXQMXNNDQEDQGXO%DUWRQ\DQJPHQJDQGXQJLOLPDEDQGXOULQJNDVGLJDQWXQJSDGDWDOL\DQJPHQJXIXN%LOD$GLWDULNGDQGLOHSDVNDQLDPHQ\HEDENDQHPSDWEDQGXO\DQJODLQWXUXWEHUD\XQ

'LDJUDP

5DMDK,WLVREVHUYHGWKDWWKHIRXUSHQGXOXPV%&'DQG(ZLOORVFLOODWHZLWKGLIIHUHQWDPSOLWXGHVEXWZLWKWKHVDPHIUHTXHQF\

'LGDSDWLHPSDWEDQGXO%&'GDQ(DNDQEHUD\XQGHQJDQDPSOLWXG\DQJEHUEH]DWHWDSLPHPSXQ\DLIUHNXHQVL\DQJVDPD

D :KDWLVWKHPHDQLQJRIDPSOLWXGH" $SDNDK\DQJGLPDNVXGNDQGHQJDQDPSOLWXG"

>PDUN@E L :KLFKSHQGXOXPRVFLOODWHVZLWKWKHPD[LPXPDPSOLWXGH"

%DQGXO\DQJPDQDNDKEHUD\XQGHQJDQDPSOLWXGPDNVLPXP"

>PDUN@

$

%

&

'

(

papercollection


40/93

LL6WDWHRQHUHDVRQIRU\RXUDQVZHULQEL 1\DWDNDQVDWXVHEDEEDJLMDZDSDQDQGDGLEL

>PDUN@

F 1DPHWKHSKHQRPHQRQVWDWHGLQE

1DPDNDQIHQRPHQD\DQJGLQ\DWDNDQGLE

>PDUN@ 'LDJUDPVKRZVDFURVVVHFWLRQRIDEXQVHQEXUQHU 5DMDKPHQXQMXNNDQNHUDWDQUHQWDVVHEXDKSHQXQXEXQVHQ

'LDJUDP

5DMDK

D L1DPHWKH3K\VLFVSULQFLSOHLQYROYHGLQWKHZRUNLQJSULQFLSOHRIEXQVHQEXUQHU 1DPDNDQSULQVLSIL]LN\DQJWHUOLEDWGDODPSULQVLSNHUMDSHQXQXEXQVHQ

>PDUN@

LL:KLFKUHJLRQ;PDUN@

papercollection


41/93

E 6WDWHRQHUHDVRQIRU\RXUDQVZHULQDLL 1\DWDNDQVDWXVHEDEXQWXNMDZDSDQDQGDGDODPDLL

>PDUN@

F ([SODLQKRZDEXQVHQEXUQHUFDQSURGXFHGEOXHIODPH 7HUDQJNDQ EDJDLPDQD SHQXQX EXQVHQ EROHK PHQJKDVLONDQ Q\DODDQ DSL \DQJ EHUZDUQD

ELUX

>PDUNV@

'LDJUDPVKRZVRQHRIWKHW\UHVRI(Q+DVVDQVFDUEHIRUHWUDYHOOLQJIURP.XDOD

/XPSXUWR.XDOD7HUHQJJDQX5DMDKPHQXQMXNNDQVDODKVDWXWD\DUNHUHWD(Q+DVVDQVHEHOXPSHUMDODQDQGDUL.XDOD/XPSXUNH.XDOD7HUHQJJDQX

'LDJUDP

5DMDK

D $IWHUDORQJMRXUQH\ 6HOHSDVVDWXSHUMDODQDQ\DQJMDXK

L 6WDWHZKDWKDSSHQVWRWKHSUHVVXUHRIWKHDLULQWKHW\UH" 1\DWDNDQDSDNDK\DQJEHUODNXNHSDGDWHNDQDQXGDUDGLGDODPWD\DU"

>PDUN@

papercollection


42/93

LL*LYHUHDVRQVWR\RXUDQVZHULQDL%HULNDQVHEDENHSDGDMDZDSDQDQGDGLDL

>PDUNV@

E 1DPHWKH*DV/DZLQYROYHGLQD 1DPDNDQ+XNXP*DV\DQJWHUOLEDWGDODPD

>PDUN@F %HIRUHWKHMRXUQH\(Q+DVVDQFKHFNHGWKHDLUSUHVVXUHRIKLVFDUW\UH7KHDLU

SUHVVXUHRIWKHW\UHLVN3DDWDWHPSHUDWXUHRI&$IWHUWKHMRXUQH\WKHWHPSHUDWXUHRIWKHW\UHEHFRPHV

R&&DOFXODWHWKHDLUSUHVVXUHRIWKHW\UHDWWKLV

WHPSHUDWXUH

6HEHOXPPHPXODNDQSHUMDODQDQ(Q+DVVDQWHODKPHPHULNVDWHNDQDQXGDUDWD\DU

NHUHWDQ\D7HNDQDQXGDUDWD\DUQ\DDGDODKN3DSDGDVXKX&6HOHSDVSHUMDODQDQWHUVHEXWVXKXXGDUDPHQMDGLR&+LWXQJNDQWHNDQDQXGDUDGDODPWD\DUWHUVHEXWSDGD

VXKXLQL

>PDUNV@

'LDJUDPVKRZVDJLUOVWDQGLQJRQDZHLJKLQJVFDOHLQDVWDWLRQDU\OLIW'LDJUDP

VKRZVWKHVDPHJLUOLQDOLIWZKLFKLVDFFHOHUDWLQJXSZDUGVDWPV

5DMDK PHQXQMXNNDQ VHRUDQJ EXGDN SHUHPSXDQ EHUGLUL GL DWDV SHQLPEDQJ EHUDW GL

GDODPOLI\DQJSHJXQ5DMDKPHQXQMXNNDQEXGDN\DQJVDPDEHUDGDGLGDODPOLI\DQJ

EHUJHUDNNHDWDVGHQJDQSHFXWDQPV

papercollection


43/93

D :KLFKRIWKHWZRZHLJKLQJVFDOHVVKRZVWKHELJJHUUHDGLQJ"

0DQDNDKGLDQWDUDGXDSHQLPEDQJPHQXQMXNNDQEDFDDQ\DQJOHELKEHVDU"

>PDUN@

E 1DPHDQGODEHOWKHWZRIRUFHVDFWLQJRQWKHJLUOLQ'LDJUDP 1DPDNDQGDQODEHONDQGXDGD\D\DQJEHUWLQGDNNHDWDVEXGDNLWXGDODP5DMDK

>PDUNV@

F ,IWKHPDVVRIWKHJLUOLVNJZKDWLVWKHUHDGLQJRIWKHZHLJKLQJVFDOHLQ'LDJUDP

" -LNDMLVLPEXGDNLWXLDODKNJEHUDSDNDKEDFDDQSHQLPEDQJEHUDWGDODP5DMDK"

>PDUN@

G &DOFXODWHWKHUHDGLQJRIWKHZHLJKLQJVFDOHLQ'LDJUDP +LWXQJNDQEDFDDQSHQLPEDQJGDODP5DMDK

>PDUNV@

H ,I WKH FDEOH RI WKH OLIW LQ 'LDJUDP E VQDSV ZKDW ZLOO EH WKH UHDGLQJ RI WKHZHLJKLQJVFDOH"

$WUHVW

3HJXQ

PV

0RYLQJXS%HUJHUDNQDLN

'LDJUDP'LDJUDP5DMDK 5DMDK

papercollection


44/93


45/93

F ,QRUGHUIRUDSHUVRQWRVHHFOHDUO\VWDWHZKHUHVKRXOGWKHLPDJHIRUPHGLQWKHH\H"

%DJL PHPEROHKNDQ VHVHRUDQJ PHOLKDW GHQJDQ MHODV Q\DWDNDQ GL PDQDNDK LPHMWHUEHQWXNGLGDODPPDWD"

>PDUN@G %DVHGRQ'LDJUDPDQG'LDJUDPVWDWHWKHW\SHRIOHQVWKDW FDQEHXVHGWRFRUUHFWWKHVLWXDWLRQLQ

%HUGDVDUNDQ5DMDKGDQ5DMDKQ\DWDNDQMHQLVNDQWD\DQJEROHKGLJXQDNDQXQWXNPHPEHWXONDQNHDGDDQGDODP

L 'LDJUDP

5DMDK

> PDUN@

LL'LDJUDP 5DMDK

> PDUN@H %\XVLQJ\RXUDQVZHULQGLGUDZWKHOHQVLQWKHER[SURYLGHGDQGFRPSOHWHWKH

UD\GLDJUDPLQ'LDJUDPWRVKRZKRZP\RSLDFDQEHFRUUHFWHG 'HQJDQPHQJJXQDNDQMDZDSDQDQGDGDODPGLOXNLVNDQNDQWDGDODPNRWDN\DQJ

GLVHGLDNDQGDQOHQJNDSNDQJDPEDUDMDKVLQDUGDODP5DMDKXQWXNPHQXQMXNNDQ

EDJDLPDQDPDVDODKP\RSLDEROHKGLDWDVL

'LDJUDP

5DMDK 'LDJUDP DQG 'LDJUDP VKRZ FLUFXLWV XVHG WR LQYHVWLJDWH WKH UHODWLRQVKLS

EHWZHHQUHVLVWDQFHDQGFURVVVHFWLRQDODUHDRIDZLUH&RQVWDQWDQZLUHRIVZJDQGVZJZLWKVDPHOHQJWKDUHXVHG

5DMDKGDQ5DMDKPHQXQMXNNDQOLWDU\DQJGLJXQDNDQXQWXNPHQ\LDVDWKXEXQJDQDQWDUDULQWDQJDQGDQOXDVNHUDWDQUHQWDVGDZDL'DZDLNRQVWDQWDQVZJGDQVZJ

GHQJDQSDQMDQJ\DQJVDPDGLJXQDNDQ

papercollection


46/93

'LDJUDP'LDJUDP

5DMDK5DMDKD :KDWLVWKHPHDQLQJRIUHVLVWDQFH" $SDNDKPDNVXGULQWDQJDQ"

>PDUN@

E 8VLQJ'LDJUDPDQG'LDJUDP 'HQJDQPHQJJXQDNDQ5DMDKGDQ5DMDK

L &RPSDUHWKHFURVVVHFWLRQDODUHDRIWKHFRQVWDQWDQZLUHV %DQGLQJNDQOXDVNHUDWDQUHQWDVGDZDLNRQVWDQWDQ

>PDUN@

LL&RPSDUHWKHSRWHQWLDOGLIIHUHQFHDFURVVWKHFRQVWDQWDQZLUHV %DQGLQJNDQEH]DNHXSD\DDQPHODOXLGDZDLNRQVWDQWDQ

>PDUN@

LLL&RPSDUHWKHPDJQLWXGHRIWKHFXUUHQWWKDWIORZDORQJWKHFRQVWDQWDQZLUHV %DQGLQJNDQPDJQLWXGDUXV\DQJPHQJDOLUPHODOXLGDZDLGDZDLNRQVWDQWDQWHUVHEXW

>PDUN@

papercollection


47/93

F 8VLQJ\RXUDQVZHUVLQE 'HQJDQPHQJJXQDNDQMDZDSDQDQGDGDODPE

L &RPSDUHWKHUHVLVWDQFHRIWKHFRQVWDQWDQZLUHV %DQGLQJNDQULQWDQJDQGDZDLNRQVWDQWDQ

>PDUN@

LL5HODWHWKHFURVVVHFWLRQDODUHDRIFRQVWDQWDQZLUHWRWKHUHVLVWDQFHRIWKHZLUH

+XEXQJNDLWOXDVNHUDWDQUHQWDVGDZDLNRQVWDQWDQGHQJDQULQWDQJDQGDZDL

>PDUN@

G :KDWZLOOKDSSHQWRWKHUHDGLQJRIYROWPHWHUZKHQDQRWKHUFRQVWDQWDQZLUHVZJ

RIWKHVDPHOHQJWKLVFRQQHFWHGSDUDOOHOWRWKHZLUHLQFLUFXLW'LDJUDP"

([SODLQ\RXUDQVZHU $SDNDK\DQJEHUODNXNHSDGDEDFDDQYROWPHWHUDSDELODGDZDLNRQVWDQWDQVZJ\DQJ

VDPDSDQMDQJGLSDVDQJVHODULGHQJDQGDZDLGDODPOLWDU5DMDK"-HODVNDQMDZDSDQDQGD

>PDUNV@

'LDJUDPVKRZVDIL[HGFRLOLVSODFHGLQEHWZHHQDQLURQURGDQGDEDUPDJQHW 5DMDKPHQXQMXNNDQVDWXJHJHOXQJ\DQJWHWDSGLOHWDNNDQGLDQWDUDVHEDWDQJURGEHVLGDQ

VHEXDKPDJQHWEDU

'LDJUDP

5DMDK

papercollection


48/93

:KHQWKHVZLWFKLVFORVHGERWKRIWKHLURQURGDQGWKHEDUPDJQHWDUHDWWUDFWHG

WRZDUGVWKHFRLO $SDELODVXLVGLKLGXSNDQNHGXDGXDURGEHVLGDQPDJQHWEDUWHUWDULNNHSDGDJHJHOXQJ

D 6WDWHWKHSRODULW\DW; 1\DWDNDQNXWXEGL;

>PDUN@

E 6XJJHVWWZRPRGLILFDWLRQVWKDWFDQEHGRQHLQ'LDJUDPLQRUGHUWRLQFUHDVHWKH

IRUFHRIDWWUDFWLRQEHWZHHQWKHFRLODQGWKHLURQURG&DGDQJNDQGXDSHQJXEDKVXDLDQ\DQJEROHKGLODNXNDQGDODP5DMDKEDJLPHQDPEDKNDQGD\DWDULNDQDQWDUDJHJHOXQJGDQURGEHVL

>PDUNV@

F L :KDWZLOOKDSSHQWRWKHLURQURGDQGWKHEDUPDJQHWZKHQWKHFRQQHFWLRQVWR

WKHWHUPLQDOV

RIWKHEDWWHU\DUHUHYHUVHG"$SDNDKDNDQEHUODNXNHSDGDURGEHVLGDQPDJQHWEDUMLNDVDPEXQJDQNHSDGDWHUPLQDOEDWHULGLWHUEDOLNNDQ

>PDUNV@

LL([SODLQ\RXUDQVZHULQFL 7HUDQJNDQMDZDSDQDQGDGLFL

>PDUNV@

G 7KHEDWWHU\LVWKHQUHSODFHGE\DORZDOWHUQDWLQJFXUUHQWSRZHUVXSSO\7KHVZLWFK

LVWKHQFORVHG%DWHULNHPXGLDQGLWXNDUGHQJDQEHNDODQDUXVXODQJDOLN\DQJEHUNXDVDUHQGDK6XLVGLKLGXSNDQ

papercollection


49/93

'LDJUDP

5DMDK

L 'HVFULEHWKHPRWLRQRIWKHLURQURG -HODVNDQSHUJHUDNDQURGEHVL

>PDUN@

LL'HVFULEHWKHPRWLRQRIWKHEDUPDJQHW -HODVNDQSHUJHUDNDQPDJQHWEDU

>PDUN@H 8VLQJ\RXUDQVZHUVLQFDQGGVWDWHRQHDSSOLFDWLRQRILURQURGZLWKWKHFRLO

LQHYHU\GD\OLIH 'HQJDQPHQJJXQDNDQMDZDSDQDQGDGDODPFGDQGQ\DWDNDQVDWXDSOLNDVLURGEHVL

EHUVDPDJHJHOXQJGDODPNHKLGXSDQKDULDQ

>PDUN@

'LDJUDPVKRZVDJUDSKRIWKHQXPEHURIUDGLRDFWLYHQXFOHL1YHUVXVWLPHIRUD

UDGLRLVRWRSH3 5DMDKPHQXQMXNNDQJUDIELODQJDQQXNOHXVUDGLRDNWLI1ODZDQPDVDEDJLVDWX

UDGLRLVRWRS3

0DVDWDKX

1RRIUDGLRDFWLYHQXFOHL1%LOQXNOHXVUDGLRDNWLI1

7LPH\HDUV

0DVDWDKXQ

papercollection


50/93

D :KDWLVWKHPHDQLQJRIKDOIOLIH"

$SDNDK\DQJGLPDNVXGNDQGHQJDQVHSDUXKKD\DW"

>PDUN@E 'HWHUPLQHWKHKDOIOLIHRIUDGLRLVRWRSH3IURPWKHJUDSKLQ'LDJUDP 7HQWXNDQVHSDUXKKD\DWEDJLUDGLRLVRWRS3GDULJUDISDGD5DMDK

>PDUNV@

F 7KHHTXDWLRQEHORZVKRZVWKHGHFD\RI$FWLQLXP$FWR7KRULXP7KE\HPLWWLQJDEHWDSDUWLFOH

3HUVDPDDQGLEDZDKPHQXQMXNNDQSHUHSXWDQEDJL$FWLQLXP$FPHQMDGL7KRULXP7KGHQJDQPHPDQFDU]DUDKEHWD

L )LQGWKHYDOXHRIDDQGE &DULQLODLEDJLDGDQE

D E

>PDUNV@

LL'HWHUPLQHWKHQXPEHURISURWRQVDQGQHXWURQVRI$FWLQLXP 7HQWXNDQELODQJDQSURWRQGDQQHXWURQEDJL$FWLQLXP

3URWRQ

1HXWURQ

>PDUNV@

G $FRPSDQ\ZKLFKPDQXIDFWXUHVEUHDNIDVWFHUHDOVZLVKHVWRFKHFNWKHOHYHORIFHUHDOLQWKHSDFNHGER[HV$UDGLRDFWLYHVRXUFHDQGDGHWHFWRUDUHXVHGWRGHWHFWWKHOHYHORIFHUHDOLQWKHER[HVDVVKRZQLQ'LDJUDP

6HEXDKV\DULNDWELMLULQVDUDSDQSDJLLQJLQPHPHULNVDDUDVELMLULQGLGDODPNRWDNEXQJNXVDQ6DWXVXPEHUUDGLRDNWLIGDQVHEXDKSHQJHVDQGLJXQDNDQXQWXNPHQJHVDQDUDVELMLULQGLGDODPNRWDNEXQJNXVDQVHSHUWLGLWXQMXNNDQGDODP5DMDK

papercollection


51/93

'LDJUDP

5DMDK

7DEOHVKRZVWKHSURSHUWLHVRIIRXUUDGLRDFWLYHVRXUFHV -DGXDOPHQXQMXNNDQVLIDWVLIDWVXPEHUUDGLRDNWLI

6RXUFH

6XPEHU

7\SHRIUDGLDWLRQ

-HQLV6LQDUDQ

+DOIOLIH

6HSDUXKKD\DW

$ $OSKD$OID

\HDUVWDKXQ

% *DPPD

JDPD

GD\V

KDUL

& %HWD

EHWD

\HDUV

WDKXQ' *DPPD

JDPDPLQXWHV

PLQLW

7DEOH-DGXDO

%DVHGRQ7DEOHVWDWHWKHVXLWDEOHSURSHUWLHVRIWKHUDGLRDFWLYHVRXUFHVWRGHWHFW

WKHOHYHORIFHUHDOLQWKHSDFNHGER[HV*LYHUHDVRQIRUWKHVXLWDELOLW\RIWKHSURSHUWLHV

%HUGDVDUNDQ-DGXDOQ\DWDNDQVLIDWVLIDWVXPEHUUDGLRDNWLI\DQJVHVXDLXQWXNPHQJHVDQSDUDVELMLULQGDODPNRWDNEXQJNXVDQ%HULVHEDEPHQJDSDVLIDWVLIDWLWXVHVXDL

L 7\SHRIUDGLDWLRQ

-HQLV6LQDUDQ

%R[RIFHUHDO

.RWDN%LMLULQ

&RQYH\RUEHOW

7DOLVDZDW

/HYHORIFHUHDO

$UDVELMLULQ

5DGLRDFWLYHVRXUFH

6XPEHUUDGLRDNWLI

'HWHFWRU

SHQJHVDQ

papercollection


52/93

5HDVRQ

6HEDE

>PDUNV@

LL+DOIOLIH 6HSDUXKKD\DW

5HDVRQ

6HEDE

>PDUNV@

H %DVHGRQWKHDQVZHUVLQGGHWHUPLQHWKHPRVWVXLWDEOHUDGLRDFWLYHVRXUFHLQ

7DEOHWRGHWHFWWKHOHYHORIFHUHDOLQWKHSDFNHGER[HV%HUGDVDUNDQMDZDSDQGLGWHQWXNDQVXPEHUUDGLRDNWLIGDODP-DGXDO\DQJSDOLQJVHVXDL\DQJEROHKGLJXQDNDQXQWXNPHQJHVDQSDUDVFHUHDOGLGDODPNRWDNEXQJNXVDQ

>PDUN@

papercollection


53/93

6HFWLRQ%

%DKDJLDQ%

>PDUNV@>PDUNDK@

$QVZHUDQ\RQHTXHVWLRQIURPWKLVVHFWLRQ

-DZDEPDQDPDQDVDWXVRDODQGDULSDGDEDKDJLDQLQL

D 'LDJUDP VKRZV WZR LGHQWLFDO IHHGLQJ ERWWOHV IORDWLQJ LQ OLTXLG 3 DQG OLTXLG 4UHVSHFWLYHO\7KHIHHGLQJERWWOHIORDWVEHFDXVHWKHQHWIRUFHDFWLQJRQWKHERWWOHLV]HUR

5DMDK PHQXQMXNNDQ GXD ERWRO VXVX \DQJ VHUXSD WHUDSXQJ GDODP FHFDLU 3 GDQFHFDLU4 PDVLQJPDVLQJ %RWROVXVXLWXWHUDSXQJNHUDQDGD\DEHUVLK\DQJEHUWLQGDNNHDWDVERWROLWXDGDODKVLIDU

L :KDWLVWKHPHDQLQJRIQHWIRUFH" $SDNDKPDNVXGGD\DEHUVLK"

PDUN@

LL 8VLQJ 'LDJUDP FRPSDUH WKH SRVLWLRQ RI WKH ERWWOHV LQ OLTXLG 3 DQG OLTXLG 4

&RPSDUHDOVRWKHZHLJKWVDQGWKHEXR\DQWIRUFHVWKDWDUHDFWLQJRQWKHERWWOHVLQOLTXLG3DQGOLTXLG4&RPSDUHWKHGHQVLW\RIOLTXLG3DQGOLTXLG45HODWHWKHSRVLWLRQRIWKHERWWOHDQGWKHGHQVLW\RIOLTXLGWRGHGXFHDUHOHYDQWSK\VLFVFRQFHSW0HQJJXQDNDQ5DMDKEDQGLQJNDQNHGXGXNDQERWROVXVXGDODPFHFDLU3GDQFHFDLU4%DQGLQJNDQMXJDEHUDWERWROGDQGD\DMXODQJDQ\DQJEHUWLQGDNNHDWDVERWROGDODPFHFDLU3GDQFHFDLU4%DQGLQJNDQNHWXPSDWDQFHFDLU3GDQFHFDLU4

+XEXQJNDLWNDQNHGXGXNDQERWROGHQJDQNHWXPSDWDQFHFDLUEDJLPHQJKDVLONDQVDWXNRQVHSIL]LN\DQJVHVXDL

>PDUNV@

'LDJUDP5D DK

papercollection


54/93

E'LDJUDPVKRZVDVLPSOHK\GUDXOLFMDFN 5DMDKPHQXQMXNNDQVDWXMHNKLGUDXOLN\DQJULQJNDV

([SODLQKRZORDG0FDQEHOLIWHGDQGJLYHDUHDVRQZK\WKHFURVVVHFWLRQDODUHDRISLVWRQ

$LVVPDOOHUWKDQWKHFURVVVHFWLRQDODUHDRISLVWRQ%

7HUDQJNDQEDJDLPDQDSHPEHUDW0EROHKGLDQJNDWGDQEHULNDQVDWXVHEDEPHQJDSDOXDVNHUDWDQUHQWDVRPERK$OHELKNHFLOGDULOXDVNHUDWDQUHQWDVRPERK%

>PDUNV@

F7KHVLPSOHK\GUDXOLFMDFNLQ'LDJUDPLVQRWVXLWDEOHWRXVHWROLIWDFDULQD

ZRUNVKRS8VLQJVXLWDEOHSK\VLFVFRQFHSWVH[SODLQWKHUHTXLUHGPRGLILFDWLRQWKDWQHHGWREHGRQHWRHQDEOHWKHPDFKLQHWROLIWDFDUHDVLO\LQDZRUNVKRS

PDUNV

'LDJUDP5D DK

papercollection


55/93


56/93

.RWDN


57/93

'LDJUDP

5DMDK$WHFKQLFLDQZDQWVWKUHHIDQVODEHOOHG9:LQDURRPWREHDXWRPDWLFDOO\

VZLWFKHGRQZKHQWKHURRPLVKRW

6XJJHVWPRGLILFDWLRQVWKDWFDQEHPDGHWRWKHFLUFXLWLQ'LDJUDPVRWKDWWKHWKUHHIDQVFDQEHDXWRPDWLFDOO\VZLWFKHGRQZKHQWKHURRPLVKRWEDVHGRQWKH

IROORZLQJDVSHFW6HRUDQJ MXUXWHNQLN LQJLQ WLJD EXDK NLSDV EHUWDQGD 9 : GDODP VHEXDK ELOLNGLKLGXSNDQVHFDUDRWRPDWLNDSDELODELOLNLWXSDQDV

&DGDQJNDQSHQJXEDKVXDLDQ\QDJEROHKGLODNXNDQSDGDOLWDUGDODP5DMDKVXSD\DWLJDEXDKNLSDVGDSDWGLKLGXSNDQVHFDUDRWRPDWLNDSDELODELOLNLWXSDQDVEHUGDVDUNDQ

DVSHNDVSHNEHULNXW

6WDWHDQGH[SODLQWKHPRGLILFDWLRQVEDVHGRQWKHIROORZLQJDVSHFWV

1\DWDNDQGDQEHULSHQHUDQJDQWHQWDQJSHQJXEDKVXDLDQLWXEHUGDVDUNDQDVSHNDVSHNEHULNXW

7KHHOHFWULFFRPSRQHQWWRUHSODFHOLJKWGHSHQGHQWUHVLVWRULQWKHFLUFXLW

.RPSRQHQHOHFWULNXQWXNPHQJJDQWLNDQSHULQWDQJSHNDFDKD\D 7KHSRVLWLRQRIHOHFWULFFRPSRQHQW

.HGXGXNDQNRPSRQHQHOHNWULN WKHXVHGRIUHOD\VZLWFKLQWKHFLUFXLW

3HQJJXQDDQVXLVJHJDQWLGDODPOLWDU WKHDUUDQJHPHQWRIWKHWKUHHIDQ 6XVXQDQWLJDNLSDV

HOHFWULFFRPSRQHQWWRSURWHFWWKHWUDQVLVWRU

NRPSRQHQHOHNWULNXQWXNPHOLQGXQJLWUDQVLVWRU

>PDUNV@

papercollection


58/93

6HFWLRQ&

%DKDJLDQ&

>PDUNV@

>PDUNDK@$QVZHUDQ\RQHTXHVWLRQIURPWKLVVHFWLRQ


'LDJUDPVKRZV1HZWRQVFUDGOHZKLFKFRQVLVWVRIILYHLGHQWLFDOEDOOV

VXVSHQGHGLQDURZIURPDZRRGHQIUDPHE\ZLUHV

5DMDKPHQXQMXNNDQ1HZWRQVFUDGOH\DQJWHUGLULGDULSDGDOLPDELMLEROD\DQJVHUXSDWHUJDQWXQJGDODPVDWXEDULVSDGDVDWXNHUDQJNDND\XGHQJDQPHQJJXQDNDQGDZDL

'LDJUDP

5DMDK

:KHQWKHEDOORQOHIWHQGLVSXOOHGDVLGH'LDJUDPDQGDOORZHGWRIDOOWKHEDOORQWKHIDUHQGLVNQRFNHGDZD\IURPWKHRWKHUVZLWKWKHVDPHVSHHGDVWKHILUVWEDOO'LDJUDP

$SDELOD EROD SDGD KXMXQJ NLUL GLWDULN 5DMDK GDQ GLMDWXKNDQ EROD \DQJEHUDGD SDGD KXMXQJ VDWX ODJL DNDQ GL NHWXN MDXK GDULSDGD ERODEROD \DQJ ODLQGHQJDQODMX\DQJVDPDVHSHUWLEROD\DQJSHUWDPD5DMDK

'LDJUDP'LDJUDP

5DMDK5DMDK

:RRGHQ)UDPH

.HUDQJNDND\X

papercollection


59/93

D 1DPHWKHSK\VLFVSULQFLSOHLQYROYHGZKLFKPDNHVWKHEDOORQWKHRWKHUIDUHQGLVNQRFNHG

DZD\IURPWKHRWKHUV

1DPDNDQSULQVLSIL]LN\DQJWHUOLEDW\DQJPHPEXDWNDQERODSDGDKXMXQJ\DQJVDWXODJLWHUWRODNPHQMDXKLEROD\DQJODLQ

>PDUN@E ([SODLQLQWHUPRIPRPHQWXPDQGHQHUJ\WUDQVIHUZK\WKHEDOORQWKHRSSRVLWHHQGLVNQRFNHGDZD\IURPWKHRWKHUV

7HUDQJNDQGDODPNRQWHNVPRPHQWXPGDQSHPLQGDKDQWHQDJDPHQJDSDERODSDGDKXMXQJ\DQJEHUWHQWDQJDQWHUWRODNPHQMDXKLEROD\DQJODLQ

>PDUNV@F 'LDJUDPVKRZVILYHGHVLJQVRI1HZWRQV&UDGOH3456DQG7ZLWKGLIIHUHQW

VSHFLILFDWLRQV


60/93

1HZWRQV&UDGOH4

0DWHULDOXVHGWRPDNHWKHEDOOV

VWHHO%DKDQ\DQJGLJXQDNDQXQWXN

PHPEXDWEHEROD.HOXOL

1HZWRQV&UDGOH5

0DWHULDOXVHGWRPDNHWKHEDOOV

VWHHO%DKDQ\DQJGLJXQDNDQXQWXN

PHPEXDWEHEROD.HOXOL

1HZWRQV&UDGOH6

0DWHULDOXVHGWRPDNHWKHEDOOVVWHHO

%DKDQ\DQJGLJXQDNDQXQWXNPHPEXDWEHEROD.HOXOL

1HZWRQV&UDGOH70DWHULDOXVHGWRPDNHWKHEDOOV

UXEEHU

%DKDQ\DQJGLJXQDNDQXQWXNPHPEXDWEHEROD*HWDK

'LDJUDP

5DMDK

([SODLQWKHVXLWDELOLW\RIWKHDVSHFWV-XVWLI\\RXUFKRLFH

7HUDQJNDQNHVHVXDLDQDVSHNDVSHNLWX%HULVHEDEEDJLSLOLKDQDQGD>PDUNV@

papercollection


61/93

G ,QDJDPHDJZKLWHEDOORIVSHHGPV

KLWVDJUHGEDOODWUHVW,IWKHZKLWHEDOO

VWRSVDIWHUWKHFROOLVLRQFDOFXODWH

'DODPVDWXSHUPDLQDQVHELMLERODSXWLKJGHQJDQNHODMXDQPV

EHUODQJJDUGHQJDQVHELML

ERODPHUDKJ\DQJSHJXQ-LNDERODSXWLKEHUKHQWLVHOHSDVSHUODQJJDUDQKLWXQJ

LWKHYHORFLW\RIWKHUHGEDOODIWHUWKHHODVWLFFROOLVLRQNHODMXDQERODPHUDKVHOHSDVSHUODQJJDUDQHODVWLNLWXLLWKHFKDQJHRIWKHPRPHQWXPRIWKHZKLWHEDOOSHUXEDKDQPRPHQWXPERODSXWLK

LLLWKHLPSXOVLYHIRUFHDFWLQJRQWKHZKLWHEDOOGXULQJWKHFROOLVLRQLILWLVVWRSSHGLQVHFRQGV

GD\DLPSXOV\DQJEHUWLQGDNWHUKDGDSERODSXWLKNHWLNDSHUODQJJDUDQMLNDLDGLEHUKHQWLNDQGDODPPDVDVDDW

>PDUNV@

D 'LDJUDPVKRZVWKHSDWWHUQRIVHDZDYHVZKHQDSSURDFKLQJWKH

EHDFK

5DMDKPHQXQMXNNDQEHQWXNJHORPEDQJDLUVHPDVDPHQJKDPSLULSDQWDL

'LDJUDP

5DMDK

L 1DPHWKHZDYHSKHQRPHQRQVKRZQLQ'LDJUDP

1DPDNDQIHQRPHQDJHORPEDQJ\DQJGLWXQMXNNDQGDODP5DMDK >PDUN@

papercollection


62/93

LL([SODLQLQWHUPVRIWKHZDYHSKHQRPHQDLQDLZK\WKHZDWHU

ZDYHVIROORZWKHVKDSHRIWKHEHDFKDVLWDSSURDFKHVWKHVKRUH

7HUDQJNDQGDODPNRQWHNVIHQRPHQDJHORPEDQJGDODPDLPHQJDSDJHORPEDQJDLUPHQJLNXWEHQWXNSDQWDLDSDELODPHQJKDPSLUL

WHSLSDQWDL >PDUNV@

E 7KHEHDFKLQ'LDJUDPZLOOEHXVHGDVDSODFHZKHUHILVKHUPDQERDWVDUHNHSW

3DQWDL\DQJGLWXQMXNNDQGDODPUDMDKDNDQGLJXQDNDQVHEDJDLWHPSDWERWERWQHOD\DQEHUODEXK


63/93


64/93

'HVLJQ5

'HVLJQ6

papercollection


65/93

F 'LDJUDPVKRZDSDWWHUQRIZDYHIRUPHGZKHQWKHZDWHUZDYHVZLWKDVSHHG

RIFPV

SURSDJDWHVIURPDGHHSHUDUHDWRDVKDOORZUHJLRQLQDULSSOHWDQN

5DMDKPHQXQMXNNDQFRUDNJHORPEDQJDLU\DQJWHUKDVLODSDELODJHORPEDQJDLUGHQJDQODMXFPV

PHUDPEDWGDULNDZDVDQGDODPNHNDZDVDQFHWHNGL

GDODPVHEXDKWDQJNLULDN

'HHSDUHD6KDOORZDUHD

.DZDVDQGDODPNDZDVDQFHWHN:DYHOHQJWKFP:DYHOHQJWKFP3DQMDQJJHORPEDQJFP SDQMDQJJHORPEDQJFP

'LDJUDP5DMDK

&DOFXODWH+LWXQJNDQ

LLL WKHIUHTXHQF\RIZDWHUZDYHVDWWKHGHHSHUUHJLRQ

IUHNXHQVLJHORPEDQJDLUSDGDNDZDVDQGDODP

LY WKHVSHHGRIWKHZDWHUZDYHVDWVKDOORZUHJLRQODMXJHORPEDQJDLUSDGDNDZDVDQFHWHN

>PDUNV@

(1'2)48(67,213$3(5

.(57$662$/$17$0$7

papercollection


66/93

1$0$ 7LQJNDWDQ

)L]LN

.HUWDV

2JRV

MDP

%$+$*,$13(1*8586$1

6(.2/$+%(5$65$0$3(18+'$16(.2/$+./867(5

.(0(17(5,$13(/$-$5$10$/$


67/93

68/,7

,/d

6HFWLRQ$

%DKDJLDQ$>PDUNV@

>PDUNDK@

$QVZHUDOOTXHVWLRQVLQWKLVVHFWLRQ

-DZDEVHPXDVRDODQGDODPEDKDJLDQLQL

$VWXGHQWFDUULHGRXWDQH[SHULPHQWWRVWXG\WKHUHODWLRQVKLSEHWZHHQGLVWDQFHRILPDJH

YDQGOLQHDUPDJQLILFDWLRQPSURGXFHIURPWKHEHDNHUILOOHGZLWKZDWHUFPRI

ZDWHUILOOHGLQWRWKHEHDNHUDQGSXWLWEHWZHHQDOLJKWEXOEDQGDVFUHHQ7KHDUUDQJHPHQW

RIWKHDSSDUDWXVIRUWKLVH[SHULPHQWLVVKRZQLQ'LDJUDP

6HRUDQJSHODMDU PHQMDODQNDQVDWXHNVSHULPHQXQWXNPHQJNDML KXEXQJDQGLDQWDUDMDUDN LPHMY

GDQ SHPEHVDUDQ OLQHDU P \DQJ WHUKDVLO GDULSDGD ELNDU \DQJ EHULVL DLU FP DLU GLLVL NHGDODPELNDUGDQGLOHWDNNDQGLDQWDUDPHQWROGDQVNULQ6XVXQDQUDGDVEDJLHNVSHULPHQDGDODK

GLWXQMXNNDQLGDODP5DMDK

7KHOLJKWEXOELVVZLWFKRQDQGWKHEHDNHUILOOHGZLWKZDWHULVSODFHGDWDGLVWDQFHFPIURP

WKH OLJKW EXOE 6FUHHQSRVLWLRQ LV DGMXVWHG XQWLOD VKDUS LPDJH DSSHDU RQ WKH VFUHHQ 'LVWDQFH

EHWZHHQVFUHHQDQGEHDNHUILOOHGZLWKZDWHUYLVPHDVXUHG7KHUHDOGLVWDQFHEHWZHHQVFUHHQ

DQGEHDNHUILOOHGZLWKZDWHUYDUHVKRZQLQ'LDJUDP7KHH[SHULPHQW UHSHDWHGZLWK GLIIHUHQW YDOXHRIGLVWDQFHEHWZHHQ OLJKWEXOE DQGEHDNHU ILOOHG

ZLWK ZDWHU VXFK DV X FP FP FP FP DQG FP 7KH UHDO GLVWDQFH

EHWZHHQWKHVFUHHQDQGWKHEHDNHUILOOHGZLWKZDWHUYDUHVKRZQLQ'LDJUDP

DQG

(TXDWLRQRIOLQHDUPDJQLILFDWLRQPLVVKRZQDVEHORZ

X

YP =

6&5((1/,*+7

%8/%0(75(58/(

3HPEDULV

%($.(5),//(':,7+:$7(5

'LDJUDP

5DMDK

papercollection


68/93

68/,7

,/d

0HQWROGLQ\DODNDQGDQELNDU\DQJGLLVLGHQJDQDLUGLOHWDNNDQFPGDULSDGDPHQWRO.HGXGXNDQVNULQGLXEDKXEDKVHKLQJJDLPHMWDMDPWHUEHQWXNGLDWDVVNULQ-DUDNGLDQWDUDVNULQGDQELNDUEHULVLDLUY

GLXNXU-DUDNVHEHQDUDQWDUDVNULQGDQELNDUEHULVLDLUYDGDODKVHSHUWLGLWXQMXNNDQGDODP5DMDK(NVSHULPHQ GLXODQJPHQJJXQDNDQQLODL\DQJEHUODLQDQXQWXN PHQWROGDQ EHNDVEHULVLDLULDLWXXFP FP FP FP GDQ FP -DUDN VHEHQDU DQWDUD VNULQ GDQ ELNDU EHULVL DLU YGLWXQMXNNDQVHSHUWLGDODP5DMDKGDQ

3HUVDPDDQSHPEHVDUDQOLQHDUGLWXQMXNNDQVHSHUWLGLEDZDK

X

YP =

8FP9FP

8FP9FP

%($.(5),//(':,7+:$7(5

%($.(5),//(':,7+

:$7(5

6FUHHQ6NULQ

6FUHHQ

6NULQ

'LDJUDP5DMDK

'LDJUDP

5DMDK

papercollection


69/93

68/,7

,/d

8FP9FP

8FP9FP

8FP9FP

6FUHHQ6NULQ

%($.(5),//(':,7+

%($.(5),//(':,7+:$7(5

%($.(5),//(':,7+

:$7(5

6FUHHQ

6NULQ

6FUHHQ

6NULQ

'LDJUDP

5DMDK

'LDJUDP

5DMDK

'LDJUDP

5DMDK

papercollection


70/93


71/93

68/,7

,/d

E%DVHGRQ'LDJUDPDQGPHDVXUHWKHYDOXHRIYZKHQEHDNHU

ILOOHGZLWKZDWHULVSXWDWWKHGLVWDQFHRIFPFPFPFPFPDQG

FP7DEXODWH\RXUUHVXOWVIRUWKHYDOXHRIXYDQGPIRUHYHU\UHVXOWLQWKHVSDFHEHORZ%HUGDVDUNDQ5DMDKGDQXNXUQLODLYELODELNDU\DQJGLLVLGHQJDQDLUGLOHWDNNDQSDGDNHGXGXNDQFPFPFPFPFPDQGFP

-DGXDONDQNHSXWXVDQDQGDXQWXNQLODLXYGDQPGDODPUXDQJGLEDZDK

> PDUNV@> PDUNDK@

F2QWKHJUDSKSDSHURQSDJHSORWDJUDSKRIYDJDLQVWP3DGDNHUWDVJUDIGLKDODPDQOXNLVJUDIYDJDLQVWP

> PDUNV@

> PDUNDK@

G%DVHGRQ\RXUJUDSKVWDWHWKHUHODWLRQVKLSEHWZHHQYDQGP%HUGDVDUNDQJUDIDQGDQ\DWDNDQKXEXQJDQDQWDUDYGDQP

> PDUN@> PDUNDK@

H6WDWHRQHSUHFDXWLRQWKDWVKRXOGEHWDNHQWRLPSURYHWKHUHVXOWRIWKLVH[SHULPHQW

1\DWDNDQVDWXODQJNDKEHUMDJDMDJD\DQJSHUOXGLDPELOXQWXNPHPSHUEDLNLNHSXWXVDQHNVSHULPHQLQL

>PDUN@

> PDUNDK@

papercollection


72/93

68/,7

,/d

YDJDLQVWP

papercollection


73/93


74/93


75/93

68/,7

,/d

'LDJUDP5DMDK

papercollection


76/93

68/,7

,/d

6HFWLRQ%

%DKDJLDQ%

$QVZHUDQ\RQHTXHVWLRQIURPWKLVVHFWLRQ


$PDQZKRLVILVKLQJSXOOHGRXWDILVKRXWRIWKHZDWHUDVVKRZQLQ'LDJUDP,W

EHFRPHVPRUHGLIILFXOWWRSXOORXWWKHILVKRXWRIWKHZDWHUDQGWKHURGLVJHWWLQJEHQGHU LQ'LDJUDP 6HRUDQJOHODNL\DQJVHGDQJPHPDQFLQJPHQDULNNHOXDUVHHNRULNDQGDULGDODPDLUVHSHUWLGDODP 5DMDKGLEDZDK'LDPHQGDSDWLDGDODKVHPDNLQVXNDUPHQDULNNHOXDULNDQGDULGDODPDLU

WHUVHEXWGDQPHQ\HEDENDQEDWDQJMRUDQQ\DPHOHQWXUOHELKVHSHUWLGDODP5DMDK

'LDJUDP 'LDJUDP

5DMDK 5DMDK

%DVHGRQWKHLQIRUPDWLRQDQG\RXUREVHUYDWLRQDERYH%HUGDVDUNDQPDNOXPDWGDQSHPHUKDWLDQGLDWDV

D 6WDWHRQHVXLWDEOHLQIHUHQFH 1\DWDNDQVDWXLQIHUHQV\DQJVHVXDL

>PDUN@ >PDUNDK@

E 6WDWHRQHVXLWDEOHK\SRWKHVLV 1\DWDNDQVDWXKLSRWHVLV\DQJVHVXDL

>PDUN@>PDUNDK@

papercollection


77/93

68/,7

,/d

F :LWKWKHXVHRIDSSDUDWXVVXFKDVPHDVXULQJF\OLQGHUVSULQJEDODQFHPHWDOURGDQGRWKHU

DSSDUDWXVGHVFULEHDQH[SHULPHQWIUDPHZRUNWRLQYHVWLJDWHWKHK\SRWKHVLVVWDWHGLQE

'HQJDQPHQJJXQDNDQUDGDVVHSHUWLVLOLQGHUSHQ\XNDWQHUDFDVSULQJURGORJDPGDQODLQODLQUDGDVWHUDQJNDQVDWXUDQJNDNHUMDHNVSHULPHQXQWXNPHQ\LDVDWKLSRWHVLV\DQJDQGDQ\DWDNDQGLE

,Q\RXUGHVFULSWLRQVWDWHFOHDUO\WKHIROORZLQJ'DODPSHQHUDQJDQDQGDMHODVNDQSHUNDUDEHULNXW

L7KHDLPRIWKHH[SHULPHQW

7XMXDQHNVSHULPHQ

LL 7KHYDULDEOHVLQWKHH[SHULPHQW 3HPEROHKXEDKGDODPHNVSHULPHQ

LLL 7KHOLVWRIDSSDUDWXVDQGPDWHULDOV 6HQDUDLUDGDVGDQEDKDQ

LY 7KHDUUDQJHPHQWRIWKHDSSDUDWXV 6XVXQDQUDGDV

Y 7KHSURFHGXUHXVHGLQWKHH[VSHULPHQW

'HVFULEH KRZ WR FRQWURO WKH PDQLSXODWHG YDULDEOH DQG KRZ WR PHDVXUH WKHUHVSRQGLQJYDULDEOH

3URVHGXU\DQJGLJXQDNDQGDODPHNVSHULPHQ

7HUDQJNDQEDJDLPDQDPHQJDZDOSHPEROHKXEDKGLPDQLSXODVLNDQGDQEDJDLPDQDPHQJXNXUSHPEROHKEHUJHUDNEDODV

YL 7KHZD\\RXZRXOGWDEXODWHWKHGDWD &DUDXQWXNPHQMDGXDONDQGDWD

Y 7KHZD\\RXZRXOGDQDO\VHWKHGDWD &DUDXQWXNPHQJDQDOLVLVGDWD

>PDUNV@

>PDUNDK@

papercollection


78/93

68/,7

,/d

'LDJUDP VKRZVWZRDXGLRWHFKQLFLDQVLV JRLQJWRVHWD FORVHKDOOVRWKDW WKH DXGLHQW FDQ

HQMR\ WKH VRXQG SHUIRUP E\ D VLQJHU FOHDUO\ :KHQ WKH ZRUNHUV EULQJ WKH WZR VSHDNHUV

FORVHO\WRDQRWKHUWKHGLVWDQFHEHVLGHWZRFKDLUVPXVWEHVHWIXUWKHUDSDUWVRWKDWWKHVRXQGHIIHFWLVJRRGHQRXJK7KHZRUNVFDQEHLOOXVWUDWHGDVVKRZQLQWKHGLDJUDPEHORZ

5DMDK PHQXQMXNNDQ GXD RUDQJ MXUXWHNQLN DXGLR VHGDQJ PHPEXDW SHUVLDSDQ GL VHEXDK GHZDQWHUWXWXSVXSD\DSDUDSHQGHQJDUGDSDWPHQLNPDWLEXQ\LGHQJDQEDLN$SDELODSHNHUMDSHNHUMDLWX

PHOHWDNNDQ GXD SHPEHVDUVXDUD OHELK GHNDW PDND MDUDN GL DQWDUD GXDNHUXVL EHUVHEHODKDQ SHUOX

GLMDXKNDQ VHGLNLW VXSD\D NHVDQ EXQ\L PHQMDGL EDLN .HUMDNHUMD LQL GDSDW GLLOXVWUDVLNDQ VHSHUWL

JDPEDUDMDKGLEDZDK

%DVHGRQWKHVLWXDWLRQDERYH

D 6WDWHRQHVXLWDEOHLQIHUHQFH1\DWDNDQVDWXLQIHUHQV\DQJVHVXDL

>PDUN@

>PDUNDK@E 6WDWHRQHK\SRWKHVLVWKDWFRXOGEHLQYHVWLJDWHG 1\DWDNDQVDWXKLSRWHVLV\DQJEROHKGLVLDVDW

>PDUN@

> PDUNDK@

t

W t

W

^

'LDJUDP

5DMDK

papercollection


79/93

68/,7

,/d

F :LWKWKHXVHRIDSSDUDWXVVXFKORXGVSHDNHUVDXGLRVLJQDOJHQHUDWRUDQGRWKHUVWRVHW\RXUDSSDUDWXVGHVFULEHDQH[SHULPHQWIUDPHZRUNWRLQYHVWLJDWHWKH

K\SRWKHVLVVWDWHGLQE 'HQJDQPHQJXQDNDQDODWUDGDVVHSHUWLVSHDNHUSHQMDQDLV\DUDWDXGLRGDQODLQ

ODLQUDGDVWHUDQJNDQVDWXUDQJNDHNVSHULPHQXQWXNPHQ\LDVDWKLSRWHVLV\DQJDQGD

Q\DWDNDQGLE ,Q\RXUGHVFULSWLRQVWDWHFOHDUO\WKHIROORZLQJ 'DODPSHQHUDQJDQDQGDMHODVNDQSHUNDUDEHULNXW

L 7KHDLPRIWKHH[SHULPHQW

7XMXDQHNVSHULPHQ

LL 7KHYDULDEOHVLQWKHH[SHULPHQW 3HPEROHKXEDKGDODPHNVSHULPHQ

LLL 7KHOLVWRIDSSDUDWXVDQGPDWHULDOV

6HQDUDLUDGDVGDQEDKDQ

LY 7KHDUUDQJHPHQWRIWKHDSSDUDWXV

6XVXQDQUDGDV

YL 7KHSURFHGXUHXVHGLQWKHH[VSHULPHQW

'HVFULEHKRZWRFRQWUROWKHPDQLSXODWHGYDULDEOHDQGKRZWRPHDVXUHWKH

UHVSRQGLQJYDULDEOH3URVHGXU\DQJGLJXQDNDQGDODPHNVSHULPHQ

7HUDQJNDQ EDJDLPDQD PHQJDZDO SHPEROHKXEDK GLPDQLSXODVLNDQ GDQEDJDLPDQDPHQJXNXUSHPEROHKEHUJHUDNEDODV

YL 7KHZD\\RXZRXOGWDEXODWHWKHGDWD

&DUDXQWXNPHQMDGXDONDQGDWD

Y 7KHZD\\RXZRXOGDQDO\VHWKHGDWD

&DUDXQWXNPHQJDQDOLVLVGDWD

>PDUNV@

>PDUNDK@

(1'2)48(67,2162$/$17$0$7

papercollection


80/93

%$+$*,$13(1*8586$1

6(.2/$+%(5$65$0$3(18+'$16(.2/$+./867(5

.(0(17(5,$13(/$-$5$10$/$


81/93

3K\VLFV3DSHU

7ULDO([DPLQDWLRQ6%3

0DUNLQJ6FKHPH

% %

' $

' $

$ &

' $

& %

% $

' ' & $

% %

$ %

& &

' '

% &

% %

$ '

% '

' '

$ ' $ $

& &

& %

& &

$ $

% $

>PDUNV@

papercollection


82/93

0$5.,1*6&+(0(3$3(5

3$57$1R $QVZHU 0DUN

D 0D[LPXPGLVSODFHPHQWIURPWKHUHVWSRLQW

E L &

LL 7KHOHQJWKRISHQGXOXP&VDPHDV$

F 5HVRQDQFH

7RWDO

D L %HUQRXOOLVSULQFLSOH

LL


83/93

D 5HVLVWDQFHLVWKHUDWLRRISRWHQWLDOGLIIHUHQFHWRWKHFXUUHQWIORZD

GHYLFHWKDWUHVLVWVLPSHGHVWKHFXUUHQWHOHFWURQIORZLQDFLUFXLW

E L &URVVVHFWLRQDODUHD!

LL 3RWHQWLDOGLIIHUHQFH!

LLL &XUUHQWIRUERWKFLUFXLWVDUHWKHVDPH F L 5HVLVWDQFH!

LL $VWKHFURVVVHFWLRQDODUHDLQFUHDVHVUHVLVWDQFHGHFUHDVHV

G 'HFUHDVHV

%HFDXVHWRWDOHIIHFWLYHUHVLVWDQFHGHFUHDVHV

7RWDO

D 1RUWKSROH

E ,QFUHDVHWKHQXPEHURIWXUQVRIFRLO

,QFUHDVHPDJQLWXGHRIFXUUHQWUHGXFHUHVLVWDQFHLQWKHUKHRVWDW

F L 6RIWLURQURGLVDWWUDFWHGWRWKHFRLOV

%DUPDJQHWSXVKHGDZD\

LL ;EHFRPHV6RXWKSROHDQGVWLOODWWUDFWWKHLURQURG


84/93

3$57%

12 0$5.,1*&5,7(5,$ 0$5.

68% 727$/

DL

LL

E

F

6XPRIWZRRUPRUHIRUFHVWRSURGXFHRQHUHVXOWDQWIRUFH

%RWWOHLQOLTXLG4IORDWVORZHU :HLJKWDQGWKHEXR\DQWIRUFHDUHHTXDODQGWKHVDPHLQ

ERWKFDVHV

'HQVLW\RIOLTXLG3LVKLJKHU $VWKHGHQVLW\RIOLTXLGGHFUHDVHVWKHORZHUWKHERWWOH

IORDWV

:KHQGHQVLW\RIOLTXLGGHFUHDVHVWKHYROXPHRIOLTXLGGLVSODFHGLQFUHDVHVWRSURGXFHWKHVDPHEXR\DQWIRUFH

:KHQIRUFHLVDSSOLHGWRSLVWRQ$ 3UHVVXUHLVSURGXFHGDQGWUDQVPLWWHGXQLIRUPO\

WKURXJKRXWWKHOLTXLGWRZDUGVSLVWRQ%3DVFDOV

3ULQFLSOH

3UHVVXUHPXOWLSO\E\WKHVXUIDFHDUHDRISLVWRQ%ZLOOSURGXFHWKHRXWSXWIRUFHWKDWOLIWORDG0

&URVVVHFWLRQDODUHDRISLVWRQ$LVVPDOOHUWKDQSLVWRQ%

WRSURGXFHODUJHRXWSXWIRUFH

6XJJHVWLRQ 5HDVRQV

)L[DORQJKDQGOHRQSLVWRQ$ 6PDOOIRUFHFDQSURGXFHELJJHUIRUFHWRUTXHWRSUHVVSLVWRQ$

(TXLSWKHK\GUDXOLFMDFN

ZLWKYDOYHV

/LTXLGFDQIORZLQRQH

GLUHFWLRQDQGGRHVQRWEDFN

IORZ

8VHUHOHDVHGYDOYHV /LTXLGIORZVEDFNWRWKHVWRUDJH

UHVHUYRLU

3LVWRQ$LVPDGH

VPDOOHUSLVWRQ%

ELJJHU

7RSURGXFHODUJHRXWSXWIRUFH

2LODVOLTXLG 'RHVQRWHYDSRUDWHHDVLO\

GRHVQRWIORZRXWHDVLO\SUHYHQWIURPUXVW

PDUNV

papercollection


85/93

12 0$5.,1*&5,7(5,$ 0$5.

68% 727$/

D

E

FL

LL

G

'RSLQJLVDSURFHVVRIDGGLQJDFHUWDLQDPRXQWRIVSHFLILFLPSXULWLHV

WRVHPLFRQGXFWRUVWRLQFUHDVHWKHLUFRQGXFWLYLW\

'LDJUDP WKH S HQG RI GLRGH LV FRQQHFWHG WR QHJDWLYHWHUPLQDO RI GU\ FHOO 'LDJUDP WKH S HQG RI GLRGH LVFRQQHFWHGWRSRVLWLYHWHUPLQDORIGU\FHOO

%XOELQ'LDJUDPGRHVQRWOLJKWVXS

1RFXUUHQWIORZLQ'LDJUDP&XUUHQWIORZLQ'LDJUDP

7KHEXOEZLOOOLJKWVXSZKHQWKHSHQGRIGLRGHLVFRQQHFWHGWR

WKHSRVLWLYHWHUPLQDORIGU\FHOOYLFHYHUVD

&XUUHQWRQO\IORZLQWKHFLUFXLWZKHQSHQGRIGLRGHLVFRQQHFWHG

WRSRVLWLYHWHUPLQDORIGU\FHOORULQIRUZDUGELDV

'UDZFRUUHFWV\PERODQGFRUUHFWGLUHFWLRQ

'UDZVPRRWKZDYHIRUP&DSDVLWRUVVWRUHFKDUJHZKHQFXUUHQWIORZ&DSDVLWRUGLVFKDUJHZKHQFXUUHQWGRHVQRWIORZ

/'5LVUHSODFHE\WHUPLVWRUGLDJUDPUHVLVWDQFHGHFUHDVHZKHQWHPSHUDWXUHLQFUHDVH7HUPLVWRULVSODFHDW5DQG5UHSODFH/'5GLDJUDP

6RWKDW9DFURVV5LQFUHDVHZKHQWKHURRPLVKRW5HOD\VZLWFKUHSODFH/('

7RVZLWFKRQVHFRQGDU\FLUFXLWWRVZLWFKRQWKHIDQ)DQVDUHDUUDQJHGSDUDOOHO$OOIDQVUHFHLYHG9SRZHUVXSSO\RWKHUIDQVVWLOO

IXQFWLRQLQJHYHQWKRXJKRQHIDQGLGQRWIXQFWLRQ5HVLVWRUFRQQHFWHGWRWKHEDVHRIWUDQVLVWRU

OLPLWWKHFXUUHQWWRWKHWUDQVLVWRU

PDUNV

papercollection


86/93

3$57&

48(67,21

D 7KH3ULQFLSOHRI&RQVHUYDWLRQRI0RPHQWXP(QHUJ\

E :KHQWKHEDOORQRQHHQGLVSXOOHGXSDQGOHWWRIDOOLWVWULNHV WKH VHFRQG EDOO ZKLFK LV DW UHVW DQG FRPHV WR D

GHDGVWRS

7KHPRPHQWXPRIWKHEDOOEHFRPHV]HURDVLWVYHORFLW\LV]HUR

7KH3ULQFLSOHRI&RQVHUYDWLRQRI0RPHQWXPVWDWHVWKDWLQD FROOLVLRQ EHWZHHQ WZR REMHFWV WKH WRWDO PRPHQWXP RI

WKHREMHFWVLQWKHV\VWHPUHPDLQVXQFKDQJHG

7KH HQHUJ\ DQG PRPHQWXP IURP WKH ILUVW EDOO LVWUDQVIHUUHG WR WKH VHFRQG EDOO DQG WKHQ WUDQVPLWWHG

WKURXJKWKHEDOOVDWUHVWWRWKHEDOORQWKHRWKHUHQG %HFDXVHWKHPRPHQWXPDQGHQHUJ\LVPDLQWDLQHGLQWKLV

V\VWHP WKH EDOO RQ WKH RSSRVLWH VLGH ZLOO PRYH DW WKH

VDPHYHORFLW\DVWKHEDOOWKDWZHUHLQLQLWLDOPRWLRQ

DQ\IRXU

F

7KHEDOOVWRXFK

HDFKRWKHU

7KLVZLOOUHGXFHORVVHVRIHQHUJ\

ZKLFKZLOOUHGXFHWKHVSHHGRIWKHEDOOV

7KHW\SHRIPDWHULDO

XVHGWRPDNHWKH

EDOOVLVVWHHO

6WHHOEDOOVDUHKDUGDQGSURGXFHKLJKO\HODVWLFFROOLVLRQ(QHUJ\FDQHDVLO\SURSDJDWHVWKURXJKWKHLQWHUPHGLDWHEDOOV

7ZRVWULQJVXVHGWRKDQJHDFKEDOO

7KLVVWULQJDUUDQJHPHQWUHVWULFWVWKHEDOOVPRYHPHQWVWRWKHVDPHSODQH

WKHSRVLWLRQRIWKHEDOOWRVWDUWWKHRVFLOODWLRQ

+LJKSRVLWLRQRIWKHEDOOKLJKSRWHQWLDOHQHUJ\DQGZLOOFKDQJHWRKLJKNLQHWLFHQHUJ\7KHODVWHQG

EDOOZLOOVZLQJDWELJJHUVSHHG

7KHPRVWVXLWDEOHGHVLJQLV4EHFDXVHWKHEDOOVWRXFKHDFKRWKHU

PDGHIURPVWHHOXVHWZRVWULQJVDWWDFKHGWRHDFKEDOODQGWKH

LQLWLDOSRVLWLRQRIWKHEDOOLVKLJK

GL PXPXPYPYYYPV

LL PYPXNJPV

LLL ,PSXOVLYHIRUFH1

papercollection


87/93


88/93

0$5.,1*6&+(0(3$3(51R $QVZHU 0DUN

DL 0DQLSXODWHGYDULDEOH 2EMHFWGLVWDQFHX

LL 5HVSRQGLQJYDULDEOH ,PDJHGLVWDQFHY

LLL &RQVWDQWYDULDEOH 9ROXPHRIZDWHUXVHG9

E 7DEXODWH XY DQGP FRUUHFWO\LQWKHWDEOH$6KRZVDWDEOHXYDQGP

%6WDWHWKHFRUUHFWXQLWRIXYDQGP

&$OOYDOXHVRIXDUHFRUUHFW

'$OOYDOXHVRIYDUHFRUUHFW

($OOYDOXHVRIPDUHFRUUHFW)6WDWHDFRQVLVWHQWGHFLPDOSODFHIRUXYDQGP

XFP YFP P

F 'UDZWKHJUDSKRI YDJDLQVW P$/DEHO\D[LVDQG[D[LVFRUUHFWO\%6WDWHVWKHXQLWDWWKHD[LVFRUUHFWO\

&%RWKD[HVZLWKWKHHYHQDQGXQLIRUPVFDOH'SRLQWVFRUUHFWO\SORWWHG

(DVPRRWKEHVWVWUDLJKWOLQH

)PLQLPXPVL]HRIWKHJUDSKLV[VTXDUHVRI[FP

'UDZWKHJUDSKRI YDJDLQVWP$/DEHO\D[LVDQG[D[LVFRUUHFWO\%6WDWHVWKHXQLWDWWKHD[LVFRUUHFWO\

&%RWKD[HVZLWKWKHHYHQDQGXQLIRUPVFDOH'SRLQWVFRUUHFWO\SORWWHG

(DVPRRWKEHVWVWUDLJKWOLQH

)PLQLPXPVL]HRIWKHJUDSKLV[VTXDUHVRI[FP

1RRIWLFNV 6FRUH

G 6WDWHWKHFRUUHFWUHODWLRQVKLSEDVHGRQWKHFDQGLGDWHVJUDSK YLVGLUHFWO\SURSRUWLRQDOWRP Y LVLQFUHDVLQJOLQHDUO\WRP

H 7KHH\HVRIREVHUYHUPXVWEHSHUSHQGLFXODUWRWKHVFDOHUHDGLQJLQRUGHUWRDYRLGWKHSDUDOOD[HUURU

5HSHDWWKHH[SHULPHQWDQGILQGWKHDYHUDJH

727$/

papercollection


89/93

DL

6LQLLVGLUHFWO\SURSRUWLRQDOWRVLQU

LL

6KRZWKHYHUWLFDOOLQHFRUUHVSRQGLQJWRVLQUDWSRLQW

,GHQWLI\WKHYDOXHRIVLQL

6WDWHWKHYDOXHRILFRUUHFWO\

LLL

'UDZDVXIILFLHQWO\ODUJHWULDQJOHPLQLPXP[FP

&RUUHFWVXEVWLWXWLRQ)ROORZFDQGLGDWHVWULDQJOH

&RUUHFWDQVZHUDQGQRXQLW

E

QJUDGLHQW

Q

F

&RUUHFWVXEVWLWXWLRQ

[

Y

&RUUHFWDQVZHUZLWKFRUUHFWXQLW

Y[

PV

G 6WDWHRQHSUHFDXWLRQFRUUHFWO\

3RVLWLRQRIH\HVDUHSHUSHQGLFXODUWRWKHVFDOH5HSHDWWKHH[SHULPHQWDQGFDOFXODWHWKHDYHUDJH

0DNHVXUHGRWKHH[SHULPHQWLQWKHGDUNURRP

papercollection


90/93

0DUNLQJ6FKHPH

6HFWLRQ%

D

6WDWHDVXLWDEOHLQIHUHQFH7KHEXR\DQWIRUFHFDQEHGHWHUPLQHGE\ILQGLQJWKHZHLJKWRIZDWHUGLVSODFHG

E

6WDWHDUHOHYDQWK\SRWKHVLV7KHPRUHWKHURGLVLPPHUVHGWKHORZHUWKHUHDGLQJRQWKHVSULQJEDODQFH

FLL

6WDWHWKHDLPRIH[SHULPHQW

7RLQYHVWLJDWHWKHUHODWLRQVKLSEHWZHHQZHLJKWRIZDWHUGLVSODFHGDQGWKH

EXR\DQWIRUFH

6WDWHWKHPDQLSXODWHGYDULDEOHDQGWKHUHVSRQGLQJYDULDEOH0DQLSXODWHGOHQJWKRIURGEHORZWKHOLTXLGOHYHO

5HVSRQGLQJZHLJKWORVVLQZHLJKW

6WDWH21(YDULDEOHWKDWNHSWFRQVWDQW 'HQVLW\RIOLTXLG

&RPSOHWHOLVWRIDSSDUDWXVDQGPDWHULDOV%HDNHUURGVSULQJEDODQFHPHWUHUXOH

$UUDQJHPHQWRIDSSDUDWXV

6WDWHWKHPHWKRGRIFRQWUROOLQJWKHPDQLSXODWHGYDULDEOH $URGZKLFKLVFPORQJLVPDUNHGDWLQWHUYDOVRIFPDQGVXVSHQGHG

IURPWKHKRRNRIDVSULQJEDODQFH

7KHH[SHULPHQWLVVWDUWHGE\ORZHULQJWKHURGWRGHSWKRIFPDQGUHDGLQJRQWKHVSULQJEDODQFH:LVUHFRUGHG

papercollection


91/93

6WDWHWKHPHWKRGRIPHDVXULQJWKHUHVSRQGLQJYDULDEOH

7KHOHQJWKRIURGEHORZWKHOLTXLGOHYHOLVPHDVXUHGDQGWKHUHDGLQJRQWKHVSULQJEDODQFHLVUHFRUGHG

5HSHDWWKHH[SHULPHQWDWOHDVWWLPHV

7KHH[SHULPHQWLVUHSHDWHGE\ORZHULQJWKHURGWRGLIIHUHQWGHSWKVLH+FPFPFPDQGFP

7DEXODWLRQRIGDWD

KFP :1

$QDO\VHWKHGDWD:1KFP

7RWDOPDUNV

papercollection


92/93

D

6WDWHDVXLWDEOHLQIHUHQFH7KHGLVWDQFHEHWZHHQORXGVSHDNHUDIIHFWWKHGLVWDQFHEHWZHHQORXGRUVRIWVRXQG

E

6WDWHDUHOHYDQWK\SRWKHVLV:KHQWKHGLVWDQFHEHWZHHQWZRFRKHUHQWVRXUFHVRIVRXQGLVLQFUHDVHWKHGLVWDQFH

EHWZHHQWZRFRQVHFXWLYHFRQVWUXFWLYHRUGHVWUXFWLYHLQWHUIHUHQFHLVGHFUHDVH

FLL

6WDWHWKHDLPRIH[SHULPHQW7RLQYHVWLJDWHWKHUHODWLRQVKLSEHWZHHQWZRFRKHUHQWVRXUFHVDQGWKHGLVWDQFHEHWZHHQWZRFRQVHFXWLYHFRQVWUXFWLYHDQGGHVWUXFWLYHLQWHUIHUHQFH

6WDWHWKHPDQLSXODWHGYDULDEOHDQGWKHUHVSRQGLQJYDULDEOH0DQLSXODWHG'LVWDQFHEHWZHHQWZRFRKHUHQWVRXUFHVD 5HVSRQGLQJ'LVWDQFHEHWZHHQWZRFRQVHFXWLYHFRQVWUXFWLYHRUGHVWUXFWLYH,QWHUIHUHQFH[

6WDWH21(YDULDEOHWKDWNHSWFRQVWDQW 'LVWDQFHEHWZHHQWKHVRXUFHDQGWKHVFUHHQ

&RPSOHWHOLVWRIDSSDUDWXVDQGPDWHULDOV/RXGVSHDNHUDXGLRVLJQDOIUHTXHQF\JHQHUDWRUFRQQHFWLRQZLUHSRZHUVXSSO\

PHDVXULQJWDSH

$UUDQJHPHQWRIDSSDUDWXV

6WDWHWKHPHWKRGRIFRQWUROOLQJWKHPDQLSXODWHGYDULDEOH %\ XVLQJ D PHWUH UXOH WKH GLVWDQFH EHWZHHQ WKH OLVWHQHU IURP WKH ORXGVSHDNHU LV

PHDVXUHG' 7KHDXGLRIUHTXHQF\JHQHUDWRULVVZLWFKHGRQ

8VHDGLVWDQFHEHWZHHQWZRORXGVSHDNHUDP

7KHOLVWHQHULVUHTXHVWHGWRZDONLQDVWUDLJKWSDWK IURPOHIWWRULJKW

6WDWHWKHPHWKRGRIPHDVXULQJWKHUHVSRQGLQJYDULDEOH WKHGLVWDQFHEHWZHHQWZRVXFFHVVLYHORXGUHJLRQVLVPHDVXUHGE\DPHWUHUXOH[

papercollection


93/93

5HSHDWWKHH[SHULPHQWDWOHDVWWLPHV

7KH H[SHULPHQW LV UHSHDWHG XVLQJ D GLVWDQFH EHWZHHQ WZR ORXG VSHDNHU DPPPDQGP

7DEXODWLRQRIGDWDDP [P

$QDO\VHWKHGDWDDP

[FP

7RWDOPDUNV

papercollection

spm trial 2010 phy q&a (sbp)

Documents