Mitsubishi Electric FR-A500 Series Technical Manual Download Page 1

Page: 1 / 303

Summary of Contents for FR-A500 Series

Page 1: ......

Page 2: ...õ RU FRUUHVSRQGHQFHVñ UHIHU WR WKH DERYH WDEOHïô DPSOH z ìïçïëä èðSRLQW IOH LEOH 9î FKDUDFWHULVWLF 3Uï æìñ ìíí WR ìíä èíí RUUHVSRQGV WR WKH 5ð èíí VHULHVï W GRHV QRW FRUUHVSRQG WR WKH 5ð èíí VHULHVï z ìïçïæ 2XWSXW IUHTXHQF UDQJH 20021 RUUHVSRQGV WR ERWK WKH 5ð èíí DQG 5ð èíí VHULHVï éï 6 7 16758 7 216 z 7R HQVXUH FRUUHFW DQG VDIH RSHUDWLRQñ DOZD V UHDG WKH û QVWUXFWLRQ 0DQXDOû EHIRUH XVLQJ WKH HTX...

Page 9: ...ï 2SHUDWLRQ FRQWLQXHV ìèPV LI YROWDJH GURSV IURP UDWHG YDOXH WR OHVV WKDQ ìçè9ï 3RZHU VXSSO 3RZHU VXSSO V VWHP FDSDFLW õN9 ô õ1RWH çô ìïè ëïè éïè èïè ä ìë ìæ ëí ëå êé éì èë çç åí ìíí 3URWHFWLYH VWUXFWXUH õ 0 ìíêíô QFORVHG W SH õ 3ëí 1 0 ìô õ1RWH æô 2SHQ W SH õ 3ííô RROLQJ V VWHP 6HOIðFRROLQJ RUFHG DLU FRROLQJ SSUR ï ZHLJKW õNJ õOEVôôñ ZLWK 8 ëïí õéïéô ëïè õèïèìô êïè õæïæëô êïè õæïæëô êïè õæïæëô çï...

Page 10: ...QFORVHG W SH õ 3ëí 1 0 ìô õ1RWH æô 2SHQ W SH õ 3ííô RROLQJ V VWHP 6HOIðFRROLQJ RUFHG DLU FRROLQJ SSUR ï ZHLJKW õNJ õOEVôô LWK 8 êïè õæïæëô êïè õæïæëô êïè õæïæëô êïè õæïæëô êïè õæïæëô çïí õìêïëêô çïí õìêïëêô ìêïí õëåïççô ìêïí õëåïççô ìêïí õëåïççô ìêïí õëåïççô ëéïí õèëïäìô êèïí õææïìçô êèïí õææïìçô êçïí õæäïêæô 1RWHã ìï 7KH DSSOLFDEOH PRWRU FDSDFLW LQGLFDWHG LV WKH PD LPXP FDSDFLW DSSOLFDEOH ZKHQ 0L...

Page 11: ...è íïä ìïè ëïè 3URWHFWLYH VWUXFWXUH õ 0ìíêíô QFORVHG W SH õ 3ëíô RROLQJ V VWHP 6HOIðFRROLQJ RUFHG DLU FRROLQJ SSUR LPDWH ZHLJKW õNJô íïç íïç ìïí ìïæ 1RWHãìï 7KH DSSOLFDEOH PRWRU FDSDFLW LQGLFDWHG LV WKH PD LPXP FDSDFLW DSSOLFDEOH ZKHQ D 0LWVXELVKL éðSROH VWDQGDUG PRWRU LV XVHGï 1RUPDOO ñ WKH UDWHG FXUUHQW õDW èí ô RI WKH PRWRU DSSOLHG VKRXOG QRW H FHHG WKH UDWHG FXUUHQWï ëï 7KH UDWHG RXWSXW FDSDFLW...

Page 12: ... VHW LQGLYLGXDOO ïô RJ RSHUDWLRQ VHOHFWLRQ 3URYLGHG ZLWK MRJ RSHUDWLRQ PRGH VHOHFW WHUPLQDO õ1RWH ìô XUUHQW LQSXW VHOHFWLRQ QSXW RI IUHTXHQF VHWWLQJ VLJQDO é WR ëíP õWHUPLQDO éô LV VHOHFWHGï 2XWSXW VWRS QVWDQWDQHRXV VKXWðRII RI LQYHUWHU RXWSXW õIUHTXHQF ñ YROWDJHô QSXW VLJQDOV ODUP UHVHW ODUP UHWDLQHG DW WKH DFWLYDWLRQ RI SURWHFWLYH IXQFWLRQ LV UHVHWï 2SHUDWLRQ IXQFWLRQV 0D LPXPîPLQLPXP IUHTXHQF V...

Page 13: ...Q 3URWHFWLYHîDODUP IXQFWLRQV 2YHUFXUUHQW VKXWðRII õGXULQJ DFFHOHUDWLRQñ GHFHOHUDWLRQñ FRQVWDQW VSHHGôñ UHJHQHUDWLYH RYHUYROWDJH VKXWðRIIñ XQGHUYROWDJHñ LQVWDQWDQHRXV SRZHU IDLOXUHñ RYHUORDG VKXWðRII õHOHFWURQLF RYHUFXUUHQW SURWHFWLRQôñ EUDNH WUDQVLVWRU DODUP õ1RWH ëôñ JURXQG IDXOW FXUUHQWñ RXWSXW VKRUW FLUFXLWñ PDLQ FLUFXLW GHYLFH RYHUKHDWñ VWDOO SUHYHQWLRQñ RYHUORDG DODUPñ EUDNH UHVLVWRU RYHUKHDW...

Page 14: ...G WR UHVHW DODUP RXWSXW SURYLGHG ZKHQ SURWHFWLYH IXQFWLRQ LV DFWLYDWHGï 0XOWLðVSHHG VHOHFWLRQ 8S WR ìè VSHHGV FDQ EH VHOHFWHGï õ DFK VSHHG FDQ EH VHW EHWZHHQ í DQG éíí ñ UXQQLQJ VSHHG FDQ EH FKDQJHG GXULQJ RSHUDWLRQ IURP WKH FRQWURO SDQHOïô XUUHQW LQSXW VHOHFWLRQ 8VHG WR VHOHFW LQSXW RI IUHTXHQF VHWWLQJ VLJQDO é WR ëíP õWHUPLQDO éôï 2XWSXW VWRS QVWDQWDQHRXV VKXWðRII RI LQYHUWHU RXWSXW õIUHTXHQF ñ ...

Page 15: ... WUD èííP XS WR ëèííP õäìøôï 1RWHã ìï KHQ XQGHUYROWDJH RU LQVWDQWDQHRXV SRZHU IDLOXUH KDV RFFXUUHGñ DODUP GLVSOD RU DODUP RXWSXW LV QRW SURYLGHG EXW WKH LQYHUWHU LWVHOI LV SURWHFWHGï 2YHUFXUUHQWñ UHJHQHUDWLYH RYHUYROWDJH RU RWKHU SURWHFWLRQ PD EH DFWLYDWHG DW SRZHU UHVWRUDWLRQ DFFRUGLQJ WR WKH RSHUDWLQJ VWDWXV õORDG VL Hñ HWFïô ëï 7HPSHUDWXUH DSSOLFDEOH IRU D VKRUW SHULRG LQ WUDQVLWñ HWFï êï 7KH E...

Page 16: ...W LQ íïìN LQFUHPHQWVô õ DFWRU VHWWLQJ ìéïèN ô 6WDOO SUHYHQWLRQ õí WR ëííøô õí WR ëííøô XUUHQW OLPLW DVWðUHVSRQVH FXUUHQW OLPLW íïé WR ìïèN ìèíø õUHVLVWRU EXLOWðLQô ìèíø õUHVLVWRU EXLOWðLQô ëïë WR êïæN ìííø õUHVLVWRU EXLOWðLQô ìííø õUHVLVWRU EXLOWðLQô èïè WR æïèN ìííø õUHVLVWRU EXLOWðLQô ìííø õUHVLVWRU EXLOWðLQô UDNLQJ FDSDELOLW ìì WR èèN ëíø õFDSDFLWRU UHJHQHUDWHGô ëíø õFDSDFLWRU UHJHQHUDWHGô QVWD...

Page 17: ...VLQJ WKH 5ð 5 SDUDPHWHU FRS XQLWô DQJXDJH GLVSOD 5ð 8íéã 1R ODQJXDJH GLVSOD 5ð38íéã å ODQJXDJHV õ DSDQHVHñ QJOLVKñ HUPDQñ UHQFKñ 6SDQLVKñ WDOLDQñ 6ZHGLVKñ LQQLVKô 5ð38íéã ì ODQJXDJH õ DSDQHVHô 5ð38íë ã ì ODQJXDJH õ QJOLVKô 5ð38íë 5ã é ODQJXDJHV õ QJOLVKñ HUPDQñ UHQFKñ 6SDQLVKô 5ð38íì DQQRW EH XVHG 0D EH XVHG õZLWK UHVWULFWLRQVô 5ð38íëî 5ð 5 DQQRW EH XVHG 0D EH XVHG 5ð38íêî 5ð 5 íê DQQRW EH XVHG 0D...

Page 18: ...WRU UHJHQHUDWHGô ëíø õFDSDFLWRU UHJHQHUDWHGô ìíPV ìíPV ìíPV 3URYLGHG DV VWDQGDUG 3URYLGHG DV VWDQGDUG u 0D ï ìè VSHHGV õZLWKRXW FRPSHQVDWLRQô 6SHHG FDQ EH YDULHG GXULQJ RSHUDWLRQ 0D ï ìè VSHHGV õZLWKRXW FRPSHQVDWLRQô 6SHHG FDQ EH YDULHG GXULQJ RSHUDWLRQ 0D ï ìè VSHHGV õZLWKRXW FRPSHQVDWLRQô 6SHHG FDQ EH YDULHG GXULQJ RSHUDWLRQ u u u u u u u u u u u u u u u u u u u u u u u u 2SHUDWLRQ SDQHO HTXLSSH...

Page 19: ...GH RXWSXW UHTXHQF VHWWLQJ VLJQDOV í WR è9ñ í WR ìí9 é WR ëíP í WR rè9ñí WR rìí9 í WR è9ñ í WR ìí9 é WR ëíP í WR rè9ñí WR rìí9 RQWURO FLUFXLW WHUPLQDOV 6FUHZ W SH WHUPLQDOV õ6ROGHUOHVV WHUPLQDOV XVDEOHô 6FUHZ W SH WHUPLQDOV õ6ROGHUOHVV WHUPLQDOV XVDEOHô 0DLQ FLUFXLW WHUPLQDOV 6FUHZ W SH WHUPLQDOV õ6ROGHUOHVV WHUPLQDOV XVDEOHô 6FUHZ W SH WHUPLQDOV õ6ROGHUOHVV WHUPLQDOV XVDEOHô RQWURO FLUFXLWöV VHSDU...

Page 20: ...QW IXQFWLRQV VHOHFWDEOH VVLJQDEOH WR ì WHUPLQDO õPXOWLðIXQFWLRQ SURGXFW RQO ô ìë GLIIHUHQW IXQFWLRQV VHOHFWDEOH VVLJQDEOH WR ì WHUPLQDO õ ñ ñ ô u u õPXOWLðIXQFWLRQ SURGXFW RQO ô õ3 WHUPLQDO LV XVHG DV SRZHU VXSSO ô u u u u u u u u í WR è9ñí WR ìí9 é WR ëíP XLOWðLQ DQDORJ SRWHQWLRPHWHU í WR è9ñí WR ìí9 é WR ëíP í WR è9 3OXJðLQ VFUHZ W SH WHUPLQDOV 6FUHZ W SH WHUPLQDOV õ6ROGHUOHVV WHUPLQDOV XVDEOHô ...

Page 21: ...Q õ1RWH èô 6HFRQG DFFHOHUDWLRQ îGHFHOHUDWLRQ WLPH õ1RWH èô 3URWHFWLRQ FLUFXLW XGJPHQW FLUFXLW õ1RWH éô õ1RWH éô 1RWHã ìï 7HUPLQDOV 35 DQG 3 DUH SURYLGHG IRU WKH 5ð èëíðíïé WR æïè DQG 5ð èéíðíïé WR æïè ï 5HPRYH WKLV MXPSHU ZKHQ XVLQJ WKH 5ð 5ï ëï 1RW QHHGHG ZKHQ WKH RSHUDWLRQ SDQHO RU SDUDPHWHU XQLW LV XVHG IRU FDOLEUDWLRQï êï 7KH 5ð èëíðìì RU PRUH DQG 5ð èéíðìì RU PRUH DUH QRW HTXLSSHG ZLWK WKH EX...

Page 22: ...HU RQWURO SRZHU VXSSO 9ROWDJH GHWHFWLRQ XUUHQW GHWHFWLRQ DWH GULYH FLUFXLW 3URWHFWLRQ FLUFXLW XGJPHQW FLUFXLW 3 0 FLUFXLW 2SWLRQ FRQQHFWRU DWH DUUD 2SHUDWLRQ SDQHO 0RWRU URXQG URXQG ODUP RXWSXW õ1RWH çô UHTXHQF PHWHU DOLEUDWLRQ UHVLVWRU 1RWHã ìï 7KH 5ð èëíðíïì DQG íïë FDQ QRW XVH D EUDNH UHVLVWRU DQG GR QRW FRQWDLQ D WUDQVLVWRUï ëï 3URYLGHG IRU WKH 5ð èëíðëïë WR æïè êï 1RW QHHGHG ZKHQ WKH RSHUDWLR...

Page 23: ...ZHU FRQVXPSWLRQ ëë RU OHVV çí9 êí WR èè åí9 RQQHFWHG ZLWK SRZHU LQSXW WHUPLQDOV 5ñ 6 õ ìñ ëô E MXPSHUVï KHQ KROGLQJ WKH DODUP GLVSOD RU DODUP RXWSXW RU ZKHQ XVLQJ WKH KLJK SRZHU IDFWRU FRQYHUWHU õ 5ð ôñ UHPRYH WKHVH MXPSHUV IURP DFURVV WHUPLQDOV 5ð5ì õ ìð ììô DQG 6ð6ì õ ëð ëìô DQG LQSXW H WHUQDO SRZHU WR WKHVH WHUPLQDOVï ìïéïë 3ñ 35 õòñ 35ô UDNH UHVLVWRU FRQQHFWLRQ WHUPLQDOV 5HPRYH WKH MXPSHU IURP...

Page 24: ... WKH LQYHUWHU IURP DXWRPDWLFDOO UHVWDUWLQJ ZKHQ SRZHU LV UHVWRUHG DIWHU D SRZHU IDLOXUHï õ1RWH ëô ìïéïè êðVSHHG VHOHFWLRQ WHUPLQDOV 6KRUW 5 ð6 WR SHUIRUP RSHUDWLRQ DW WKH IUHTXHQF VHW LQ 3Uï é IURP WKH RSHUDWLRQ SDQHO RU SDUDPHWHU XQLWï 6KRUW 50ð6 WR SHUIRUP RSHUDWLRQ DW WKH IUHTXHQF VHW LQ 3Uï èñ RU VKRUW 5 ð6 WR SHUIRUP RSHUDWLRQ DW WKH IUHTXHQF VHW LQ 3Uï çï KHQ DQ WZR RU PRUH WHUPLQDOV RI 5 ñ ...

Page 25: ...D VWRSï KHQ VWRSSLQJ WKH PRWRU ZLWK D PHFKDQLFDO EUDNH HWFï 7KLV WHUPLQDO LV XVHG WR VKXW RII WKH LQYHUWHU RXWSXWï HIRUH DSSO LQJ WKH EUDNHñ VKRUW WHUPLQDOV 056ð6 IRU ëíPV RU ORQJHUï 2SHQLQJ 056ð6 FDXVHV WKH LQYHUWHU WR RSHUDWH DV XVXDOï HQFHñ ZKLOH WKH PHFKDQLFDO EUDNH LV RSHUDWLQJñ NHHS 056ð 6 VKRUWHG RU RSHQ WKH VWDUW VLJQDO 67 õ675ôð6 WR VHW WKH LQYHUWHU LQ D QRQðRXWSXW VWDWXVï õ1RWH éô ìïéïìì...

Page 26: ...LQYHUWHUñ FRQQHFW WKH SRVLWLYH FRPPRQ RI WKH H WHUQDO SRZHU VXSSO WR SUHYHQW D PDOIXQFWLRQ GXH WR OHDNDJH FXUUHQWï 7HUPLQDOV 3 ð6 FDQ EH XVHG DV D ëé9 ñ íïì SRZHU RXWSXWï KHQ VRXUFH ORJLF LV FKRVHQ IRU èíí ñ WKLV WHUPLQDO DFWV DV D FRQWDFW LQSXW FRPPRQï ìïéïìè ìí è9ríïë9 3HUPLVVLEOH ORDG FXUUHQW ìíP ìí UHTXHQF VHWWLQJ SRZHU VXSSO WHUPLQDOV ìí9ríïé9 3HUPLVVLEOH ORDG FXUUHQW ìíP 8VHG DV D SRZHU VXSS...

Page 27: ... FROOHFWRU RXWSXW 3HUPLVVLEOH ORDG ëé9 íïì 7KLV RSHQ FROOHFWRU RXWSXW LV ORZ ZKHQ WKH RXWSXW IUHTXHQF LV KLJKHU WKDQ WKH VWDUWLQJ IUHTXHQF DQG LV KLJK GXULQJ D VWRS RU G QDPLF EUDNH RSHUDWLRQï 6ZLWFKHG KLJK ZKHQ WKH SURWHFWLYH IXQFWLRQ LV DFWLYDWHGï 7KH ëé9 ORDG SRZHU VXSSO XVHG VKRXOG KDYH OHVV WKDQ rìíø ULSSOH õHTXLYDOHQW WR êðSKDVH IXOOðZDYH UHFWLILFDWLRQôï õ1RWH èô õ1RWH çô 68 8SðWRð IUHTXHQF ...

Page 28: ... õZKHQ 0ð6 DUH RSHQô õ1RWH åôñ ZKLFK LV SURSRUWLRQDO WR WKH RXWSXW IUHTXHQF ï 7KH RXWSXW YROWDJH LV D å9 SXOVHðVKDSHG ZDYHIRUPï RQQHFW D ìP PRYLQJðFRLO W SH DPPHWHUï 0 7HUPLQDO IRU GLVSOD õIUHTXHQF PHWHUô 3KRWRFRXSOHU LVRODWHG 3HUPLVVLEOH ORDG FXUUHQW ìP KHQ WKH IUHTXHQF LV DV VHW LQ 3Uï èè RU WKH FXUUHQW LV DV VHW LQ 3Uï èç õí WR èíí ôñ WKH RXWSXW SXOVH IUHTXHQF LV ìééí SXOVHVîVHFï ìïéïìæ DFWRU ð...

Page 29: ...LQJ RQîRII WKH VLJQDO DFURVV WKH LQYHUWHU WHUPLQDOV 67 RU 675 DQG 6 ï I WKH 0 LV XVHG WR VWRS WKH PRWRUñ WKH PRWRU FRDVWV WR D VWRS EHFDXVH UHJHQHUDWLYH EUDNLQJ LQKHUHQW LQ WKH LQYHUWHU LV QRW DSSOLHGï I WKH 0 LV XVHG WR VWDUW WKH PRWRU GXULQJ FRDVWLQJ ZKHQñ IRU H DPSOHñ ORDG ë LV H WUHPHO ODUJHñ WKH SURWHFWLYH FLUFXLW õRYHUYROWDJH ï29ì WR ï29êô PD EH DFWLYDWHG WR VKXW RII WKH LQYHUWHU RXWSXWï KHQ...

Page 30: ...RXWSXW VKXWðRII 6WDUWLQJ IUHTXHQF RDVWLQJ SSUR LPDWHO ìíPV 3Uï ìê èíí HWZHHQ PRUH WKDQ ìèPV DQG OHVV WKDQ èí WR ìííPV èíí 0RUH WKDQ ìèPV õ1RWH ìô QVWDQWDQHRXV SRZHU IDLOXUH 3 õ1RWH ìô ODUP RXWSXW UHOD LWKLQ ìèPV LWKLQ ìíPV èíí èíí 0RUH WKDQ ìíPV èíí õ1RWH ìô 1RWHã ìï RU èíí ñ DFWLYDWHG ZKHQ WKH SRZHU LV UHVWRUHG ZLWKLQ ìè WR ìííPVï 1RWH WKDW WKH DODUP RXWSXW VLJQDO LV QRW VZLWFKHG RQ ZKHQ í RU DQ ...

Page 31: ...WR WKH ORZHU WHUPLQDOV õ5ìñ 6ìôï õ ìô õ ëô õ êô RU 5ð èëíðíïé WR êïæ ñ 5ð èéíðíïé WR êïæ 6 7 0 5ì6ì 3RZHU VXSSO WHUPLQDO EORFN IRU FRQWURO FLUFXLW 0DLQ SRZHU VXSSO 3RZHU VXSSO WHUPLQDO EORFN IRU FRQWURO FLUFXLW OZD V FRQQHFW WKH VHSDUDWH SRZHU VXSSO WR WKH XSSHU WHUPLQDOVï RQQHFWLQJ LW WR WKH ORZHU WHUPLQDOV ZLOO GDPDJH WKH LQYHUWHUï ìô RRVHQ WKH XSSHU VFUHZVï ëô 5HPRYH WKH ORZHU VFUHZVï êô 3XOO D...

Page 32: ...U VXSSO KHQ WKH RWKHU SRZHU LV VXSSOLHG IURP 5ì DQG 6ìñ çí9 RU PRUH LV UHTXLUHGï QUXVK FXUUHQW RI DSSUR LPDWHO éí IORZV õìïêPVôï ìïéïê 6ZLWFKLQJ WKH LQYHUWHU RXWSXW 0 RQîRII õ8ñ 9ñ ô 20021 I WKH PDJQHWLF FRQWDFWRU LV VZLWFKHG RQ GXULQJ LQYHUWHU RSHUDWLRQ õRXWSXWôñ D ODUJH VWDUWLQJ FXUUHQW DFWLYDWHV WKH FXUUHQW OLPLW IXQFWLRQñ UHGXFLQJ WKH RXWSXW IUHTXHQF ï õìô QYHUWHU RXWSXW 0 VZLWFKðRQ PRGH õZLWK...

Page 33: ...LRQ í ì 50 0LGGOHðVSHHG RSHUDWLRQ JURXS VHOHFWLRQ 5HPRWH VHWWLQJ õGHFHOHUDWLRQô 3URJUDPPHG RSHUDWLRQ JURXS VHOHFWLRQ ë 5 LJKðVSHHG RSHUDWLRQ FRPPDQG 5HPRWH VHWWLQJ õVHWWLQJ FOHDUô 3URJUDPPHG RSHUDWLRQ JURXS VHOHFWLRQ ê 57 6HFRQG IXQFWLRQ VHOHFWLRQï 6WRSðRQ FRQWDFW VHOHFWLRQ ì é 8 XUUHQW LQSXW VHOHFWLRQ è 2 RJ RSHUDWLRQ VHOHFWLRQ ç 6 XWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH VHOHFWLRQ æ 2 ...

Page 34: ...RPPDQG õ50ô ìåë 5 WHUPLQDO IXQFWLRQ VHOHFWLRQ í WR ìå ëñ LJKðVSHHG RSHUDWLRQ FRPPDQG õ5 ô ìåê 056 WHUPLQDO IXQFWLRQ VHOHFWLRQ í WR ìå çñ 2XWSXW VKXWðRII õ056ô 6HWWLQJ 6LJQDO 1DPH XQFWLRQV 3Uï èä í 3Uï èä ìñ ë ó í 5 RZðVSHHG RSHUDWLRQ FRPPDQG 5HPRWH VHWWLQJ õDFFHOHUDWLRQô ì 50 0LGGOHðVSHHG RSHUDWLRQ FRPPDQG 5HPRWH VHWWLQJ õGHFHOHUDWLRQô ë 5 LJKðVSHHG RSHUDWLRQ FRPPDQG 5HPRWH VHWWLQJ õVHWWLQJ FOHDUô...

Page 35: ...QW 6LQN ORJLF W SH 3 67 675 XUUHQW 6RXUFH ORJLF W SH ìô RRVHQ WKH WZR PRXQWLQJ VFUHZV LQ ERWK HQGV RI WKH FRQWURO FLUFXLW WHUPLQDO EORFNï õ7KH VFUHZV FDQQRW EH UHPRYHGïô LWK ERWK KDQGVñ SXOO GRZQ WKH WHUPLQDO EORFN IURP WKH EDFN RI WKH FRQWURO FLUFXLW WHUPLQDOVï ëô 5HPRYH WKH FRQQHFWRU IURP WKH UHDU VXUIDFH RI WKH FRQWURO FLUFXLW WHUPLQDO EORFN DQG SODFH LQ UHTXLUHG RJLF SRVLWLRQ õHLWKHU 6LQN RU 6...

Page 36: ...G RI G QDPLF EUDNH RSHUDWLRQ WLPH VHW LQ 3Uï ìì õIDFWRU VHWWLQJ íïè VHFRQGVô DW QRW PRUH WKDQ WKH G QDPLF EUDNH RSHUDWLRQ IUHTXHQF RU DW QRW PRUH WKDQ íïè ï 7R GLVDEOH WKH G QDPLF EUDNH IXQFWLRQñ VHW ûíû LQ HLWKHU RI 3Uï ìì õ G QDPLF EUDNH RSHUDWLRQ WLPHô DQG 3Uï ìë õ G QDPLF EUDNH YROWDJHôï Q WKLV FDVHñ WKH PRWRU LV FRDVWHG WR D VWRS DW QR PRUH WKDQ WKH IUHTXHQF VHW LQ 3Uï ìí õ G QDPLF EUDNH RSHU...

Page 37: ...í9 DFURVV WHUPLQDOV ëðè 6723 NH 6HW IUHTXHQF FKDQJHG WR í G QDPLF EUDNH HQDEOHG G QDPLF EUDNH RSHUDWHG DW QRW PRUH WKDQ WKH G QDPLF EUDNH RSHUDWLRQ IUHTXHQF VHW LQ 3Uï ìí G QDPLF EUDNH RSHUDWHG DW íïè RU OHVVï G QDPLF EUDNH RSHUDWHG DW QRW PRUH WKDQ WKH G QDPLF EUDNH RSHUDWLRQ IUHTXHQF VHW LQ 3Uï ìí G QDPLF EUDNH RSHUDWHG DW íïè RU OHVVï G QDPLF EUDNH GLVDEOHG RDVWHG WR D VWRS DW QRW PRUH WKDQ WKH...

Page 38: ...Q SSUR LPDWHO ìíPV SSUR LPDWHO ìíPV SSUR LPDWHO ìíPV 6WDUW VLJQDO WHUPLQDO FURVV 67 ð6 FURVV 675ð6 6WDUWLQJ IUHTXHQF 3Uï ìê õ1RWH ìô õ1RWH éô G QDPLF EUDNH RSHUDWLRQ IUHTXHQF 3Uï ìí G QDPLF EUDNH RSHUDWLRQ WLPH 3Uï ìì õ1RWH êô RUZDUGð5HYHUVH 5RWDWLRQ 6ZLWFKð2YHU 7LPLQJ KDUW 1RWHã ìï 7KH VWDUWLQJ IUHTXHQF 3Uï ìê õIDFWRU ðVHW WR íïè ô PD EH VSHFLILHG EHWZHHQ í DQG çí ï ëï I WKH QH W VWDUW VLJQDO LV ...

Page 39: ... RXWSXW IUHTXHQF LV QRW H FHHGHGï õêô õìô õëô í WR è9 õí WR ìí9 ô ìí ìí ìí9 è9 ë ì é è í WR rìí9 í WR rè9 é WR ëíP õòô UHTXHQF VHWWLQJ SRWHQWLRPHWHU ìîë ìN RPPRQ õðô DLQ 3Uï äíê LDV 3Uï äíë DLQ 3Uï äíè LDV 3Uï äíé õêô õìô õëô í WR è9 õí WR ìí9 ô ìí è9 ë é è è9 é WR ëíP õòô 2SHUDWLRQ SDQHO XLOWðLQ SRWHQWLRPHWHU UHTXHQF VHWWLQJ SRWHQWLRPHWHU ìîë ìN RPPRQ õðô DLQ 3Uï äëê DLQ 3Uï äíê LDV 3Uï äëë LDV 3...

Page 40: ...RPPDQG í õIDFWRU VHWWLQJô 2SHUDWLRQ SDQHOöV EXLOWðLQ SRWHQWLRPHWHU ì LJLWDO IUHTXHQF ääää õ1RWH ìô KHQ GLJLWDO IUHTXHQF VHWWLQJ íïíí ñ WKH RSHUDWLRQ SDQHOöV EXLOWðLQ SRWHQWLRPHWHU LV YDOLGï õ1RWH ëô KHQ GLJLWDO IUHTXHQF VHWWLQJ z íïíí ñ WKH GLJLWDO IUHTXHQF LV YDOLGï 1RWHã ìï KHQ 3Uï æä íñ WKH 38 RSHUDWLRQ PRGH LV VHOHFWHG DW SRZHUðRQï ëï XULQJ RSHUDWLRQ ZLWK WKH IUHTXHQF VHWWLQJ IURP SRWHQWLRPHWH...

Page 41: ...RQ VLJQDO RI WHUPLQDO ì PD DOVR EH DGGHG WR WKH PXOWLðVSHHG VHWWLQJ RU é WR ëíP FXUUHQW LQSXWï òè9 õòìí9ô í ðëïè9 õðè9ô ðè9 õðìí9ô òè9 õòìí9ô í ðëïè9 õðè9ô ðè9 õðìí9ô òëïè9 õòè9ô òëïè9 õòè9ô 2XWSXW IUHTXHQF ëïè9 õè9ô DFURVV WHUPLQDOV ëðè í9 DFURVV WHUPLQDOV ëðè 7HUPLQDO ì KHQ 67 ð6 LV 21 RUZDUG URWDWLRQ RUZDUG URWDWLRQ õDô 3Uï æê VHWWLQJ LV í WR è 2XWSXW IUHTXHQF ëïè9 õè9ô DFURVV WHUPLQDOV ëðè í9 ...

Page 42: ...D ã RYHUULGH FRPSHQVDWLRQ YDOXH ø õ QDORJ LQSXW DFURVV WHUPLQDOV ëðèô ìèíø ìííø èíø í ëïè õèô RPSHQVDWLRQ YDOXH õDô 7HUPLQDO ë è õìíô 2YHUULGH 6HWWLQJ 6LJQDO DQG RPSHQVDWLRQ 9DOXH 7LPH õWô 2XWSXW IUHTXHQF õ ô LJK VSHHG 0LGGOH VSHHG RZ VSHHG RPSHQVDWLRQ UDQJH E RYHUULGH 2YHUULGH 2SHUDWLRQ IRU 0XOWLSOH 6SHHGV 67 675 6 5 50 5 ìí ë è 1 0 3RZHU VXSSO RUZDUG URWDWLRQ 5HYHUVH URWDWLRQ 6SHHG VHOHFWLRQ QYH...

Page 43: ...SHHG ìè 7LPH 6SHHG å 0XOWLð6SHHG 6HWWLQJ 7HUPLQDO QSXW 6SHHG 5 ð6 5 ð6 50ð6 5 ð6 XQFWLRQ 1XPEHU 6HW UHTXHQF 5DQJH 5HPDUNV 6SHHG ì õKLJK VSHHGô 2 21 2 2 3Uï é í WR éíí 6SHHG ë õPLGGOH VSHHGô 2 2 21 2 3Uï è í WR éíí 6SHHG ê õORZ VSHHGô 2 2 2 21 3Uï ç í WR éíí 6SHHG é 2 2 21 21 3Uï ëé í WR éíí ñääää 3Uï ç VHWWLQJ ZKHQ 3Uï ëé ääää 6SHHG è 2 21 2 21 3Uï ëè í WR éíí ñääää 3Uï ç VHWWLQJ ZKHQ 3Uï ëè ääää ...

Page 44: ...XUð6SHHG 6HWWLQJ DPSOH 7HUPLQDO QSXW 6SHHG XQFWLRQ 1XPEHU 6HW 9DOXH 5 ð6 5 ð6 50ð6 5 ð6 5XQQLQJ UHTXHQF õ ô 6SHHG ì õKLJK VSHHGô 3Uï é çí 2 21 2 2 çí 6SHHG ë õPLGGOH VSHHGô 3Uï è êí 2 2 21 2 êí 6SHHG ê õORZ VSHHGô 3Uï ç ìí 2 2 2 21 ìí 6SHHG é 3Uï ëé ìè 2 2 21 21 ìè 6SHHG è 3Uï ëè ääää 2 21 2 21 ìí 6SHHG ç 3Uï ëç ääää 2 21 21 2 êí 6SHHG æ 3Uï ëæ ääää 2 21 21 21 ìí 6SHHG å 3Uï ëêë ääää 21 2 2 2 ìí 6...

Page 45: ...QG UHYHUVH URWDWLRQ NH V DUH XVHG WR SHUIRUP MRJ RSHUDWLRQï Q WKH MRJ RSHUDWLRQ PRGHñ PXOWLðVSHHG FRPSHQVDWLRQ DQG SRODULW UHYHUVLEOH RSHUDWLRQ DUH PDGH LQYDOLGï íïè ê 7LPH õWô 21 2XWSXW IUHTXHQF RJ IUHTXHQF 3Uï ìè RUZDUG URWDWLRQ G QDPLF EUDNH 5HYHUVH URWDWLRQ FURVV 2 ð6 RUZDUG URWDWLRQ FURVV 67 ð6 5HYHUVH URWDWLRQ FURVV 675ð6 21 21 RJ 2SHUDWLRQ 7LPLQJ KDUW ìïéïä WHUQDO WKHUPDO UHOD LQSXW õ2 ô 20...

Page 46: ...DQJHGï 7KH YDOXH LV DV VHW LQ 3Uï éå ZKHQ WHUPLQDOV 57ð6 DUH VKRUWHGñ DQG LV DV VHW LQ 3Uï ä ZKHQ WHUPLQDOV 57ð6 DUH RSHQHGï KHQ WKH VHFRQG õWKLUGô GHFHOHUDWLRQ WLPH VHW LQ 3Uï éè õ 3Uï ìììô LV ääää 7KH DFFHOHUDWLRQ WLPH DQG GHFHOHUDWLRQ WLPH DUH HTXDO DQG DV VHW LQ WKH VHFRQG õWKLUGô DFFHOHUDWLRQîGHFHOHUDWLRQ WLPH 3Uï éé 3Uï ììíôï KHQ WKH VHFRQG õWKLUGô GHFHOHUDWLRQ WLPH VHW LQ 3Uï éè õ 3Uï ìììô ...

Page 47: ...S WKH RXWSXWï 2SHQ WHUPLQDOV 056ð6 WR UHVXPH RSHUDWLRQ LQ DERXW ìíPVï 7HUPLQDO 056 PD EH XVHG DV GHVFULEHG EHORZã õìô7R VWRS WKH PRWRU E PHFKDQLFDO EUDNH õHïJï HOHFWURPDJQHWLF EUDNHô 7HUPLQDOV 056ð6 PXVW EH VKRUWHG ZKHQ WKH PHFKDQLFDO EUDNH LV RSHUDWHG DQG EH RSHQHG EHIRUH PRWRU UHVWDUWï õëô7R SURYLGH LQWHUORFN WR GLVDEOH RSHUDWLRQ E WKH LQYHUWHU IWHU 056ð6 KDYH EHHQ VKRUWHGñ WKH LQYHUWHU FDQQRW E...

Page 48: ...J RSHUDWLRQ WR EH XQDFFHSWHGï 6HWWLQJ RI 5HVHW QSXW 6HOHFWLRQ 3Uï æè 3Uï æè 6HWWLQJ 5HVHW 6HOHFWLRQ 38 LVFRQQHFWLRQ HWHFWLRQ 38 6WRS 6HOHFWLRQ í 5HVHW LQSXW QRUPDOO HQDEOHG ì 5HVHW LQSXW LV HQDEOHG RQO ZKHQ SURWHFWLYH IXQFWLRQ LV DFWLYDWHG 2SHUDWLRQ LV FRQWLQXHG XQFKDQJHG LI WKH 38 LV UHPRYHGï ë 5HVHW LQSXW QRUPDOO HQDEOHG ê 5HVHW LQSXW LV HQDEOHG RQO ZKHQ SURWHFWLYH IXQFWLRQ LV DFWLYDWHG KHQ WKH ...

Page 49: ...UHVWRUH WKH SRZHU LV ORQJHU WKDQ WKH FRDVWLQJðWRðVWRS WLPHñ WKH PRWRU LV UHVWDUWHG DIWHU LW KDV VWRSSHG RQFHï KHQ WKH IXQFWLRQ RI DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH KDV EHHQ VHOHFWHGñ SRZHUðUHODWHG DODUP RXWSXWV õLQVWDQWDQHRXV SRZHU IDLOXUH õ ï 3 ô DQG XQGHUYROWDJH õ ï897ôô DUH QRW SURYLGHG LI DQ LQVWDQWDQHRXV SRZHU IDLOXUH RFFXUVï 1RWH WKDW WKH LQYHUWHU FDQQRW EH RSHUDWHG ZKHQ WH...

Page 50: ...RQJ LQVWDQWDQð HRXV SRZHU IDLOXUHñ WKH RSHUDWLRQ RI DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH LV QRW SHUIRUPHG DW WKH WLPH RI SRZHU UHVWRUDWLRQ DQG WKH PRWRU VWDUWV DW WKH VWDUWLQJ IUHTXHQF ï Q WKLV FDVHñ WKH RSHUDWLRQ SHUIRUPHG LV DV GHVFULEHG LQ SDUDJUDSK êô KHQ RX GR QRW XVH WKH IXQFWLRQ RI DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH Q WKLV FDVHñ WKH PRWRU VSHHG LV QRW GHWHFWH...

Page 51: ... õ1RWH êô õ1RWH ìô õ1RWH ëô 5HDFWRU ë õ 5ð íëô 5HVLVWRU QYHUWHU õ1RWH ìô 1RWHã ìï OZD V NHHS WKH LQYHUWHUöV SRZHU LQSXW WHUPLQDOV 5ñ 6ñ 7 RSHQï I FRQQHFWLRQV DUH PDGH WR WKHP DFFLGHQWDOO ñ WKH LQYHUWHU ZLOO EH GDPDJHGï OVRñ UHYHUVH SRODULW RI WHUPLQDOV 3 DQG 1 ZLOO GDPDJH WKH KLJK SRZHU IDFWRU FRQYHUWHU DQG LQYHUWHUï ëï RU ñ VHSDUDWH SRZHU PD EH VXSSOLHG WR WHUPLQDOV 5ì DQG 6ìï êï 0DNH QR FRQQHFWL...

Page 52: ...QFWLRQ GXH WR OHDNDJH FXUUHQW FDQQRW EH SUHYHQWHGï ìëîëé9 íí í9 6 67 3 3KRWRFRXSOHU 3 WHUQDO SRZHU VXSSO IRU 0 6 QYHUWHU 3KRWRFRXSOHU QYHUWHU FRQWURO SRZHU VXSSO 7HUPLQDO 3 RQQHFWLRQ DPSOH KHQ WHUPLQDO 3 LV QRW XVHG KHQ WKH FRQWURO SRZHU VXSSO YROWDJH LQ WKH LQYHUWHU FRQQHFWHG ZLWK WKH RXWSXW PRGXOH õRSHQ FROOHFWRU RXWSXWô RI WKH SURJUDPPDEOH FRQWUROOHU KDV EHFRPH KLJKHU WKDQ WKH H WHUQDO SRZHU VX...

Page 53: ...LV DFWLYDWHGï 3Uï ëëñ ëêñ ççñ ìéåñ ìéäñ ìèé é ìíé 8 2XWSXW IUHTXHQF GHWHFWLRQ 5HIHU WR 3Uï éë 3Uï éê õRXWSXW IUHTXHQF GHWHFWLRQôï 3Uï éëñ éê è ìíè 8ë 6HFRQG RXWSXW IUHTXHQF GHWHFWLRQ 5HIHU WR 3Uï èí ûVHFRQG RXWSXW IUHTXHQF GHWHFWLRQûï 3Uï èí ç ìíç 8ê 7KLUG RXWSXW IUHTXHQF GHWHFWLRQ 5HIHU WR 3Uï ììç ûWKLUG RXWSXW IUHTXHQF GHWHFWLRQûï 3Uï ììç æ ìíæ 5 3 5HJHQHUDWLYH EUDNH SUHðDODUP 2XWSXW ZKHQ åèø RI...

Page 54: ...O IXQFWLRQ VHOHFWLRQ í WR ää ää õDODUP RXWSXW õ ôô 6HWWLQJ 3RVLWLYH ORJLF 6LJQDO 1DPH XQFWLRQ 2SHUDWLRQ 5HODWHG 3DUDPHWHUV í 581 QYHUWHU UXQQLQJ 2XWSXW GXULQJ RSHUDWLRQ ZKHQ WKH LQYHUWHU RXWSXW IUHTXHQF ULVHV WR RU DERYH WKH VWDUWLQJ IUHTXHQF ì 68 8S WR IUHTXHQF 5HIHU WR 3Uï éì ûXSðWRðIUHTXHQF VHQVLWLYLW ûï 3Uï éì ê 2 2YHUORDG DODUP 2XWSXW ZKLOH VWDOO SUHYHQWLRQ IXQFWLRQ LV DFWLYDWHGï 3Uï ëëñ ëêñ ...

Page 55: ...V ORVW DQG WKH DODUP RXWSXW VLJQDO FDQQRW EH NHSW RQï 7R NHHS WKH DODUP RXWSXW VLJQDO RQñ WKH DODUP RXWSXW FRQWDFW õDFURVV WHUPLQDOV ð ô PXVW EH NHSW RSHQ E WKH H WHUQDO FLUFXLWï RU èíí ñ WKH DODUP RXWSXW VLJQDO FDQ EH NHSW RQ E XVLQJ WHUPLQDOV 5ìñ 6ì WR FRQQHFW WKH FRQWURO FLUFXLW ZLWK WKH RWKHU SRZHU VXSSO ï õ5HIHU WR 6HFWLRQ ìïéïëïô Q WKLV FDVHñ LI WKH FXUUHQW OLPLW IXQFWLRQñ VWDOO SUHYHQWLRQñ ...

Page 56: ...SðWRðIUHTXHQF VHQVLWLYLW UDQJHï ORQJ DFFHOHUDWLRQîGHFHOHUDWLRQ WLPH ZLOO PDNH WKH RXWSXW LQVWDEOHï êô UHTXHQF GHWHFWLRQ õ 8ñ 8ë õ1RWH ìôñ 8ê õ1RWH ìôô 20021 7KH RXWSXW LV VZLWFKHG RQ ZKHQ WKH RXWSXW IUHTXHQF õHVWLPDWHG VSHHG IRU DGYDQFHG õJHQHUDOðSXUSRVHô PDJQHWLF IOX YHFWRU FRQWUROô KDV UHDFKHG RU H FHHGHG WKH IUHTXHQF VHW LQ WKH RXWSXW IUHTXHQF GHWHFWLRQ SDUDPHWHUï 8 ã 6HW LQ 3Uï éë õ 3Uï éê IRU...

Page 57: ... 3Uï ìèéã 9ROWDJH UHGXFWLRQ VHOHFWLRQ GXULQJ VWDOO SUHYHQWLRQ RSHUDWLRQ 1RWHã ìï 1RW SURYLGHG IRU èíí ï W 2 21 21 6WDOO SUHYHQWLRQ RSHUDWLRQ FXUUHQW RU RSHUDWLRQ UHJHQHUDWLYH YROWDJH 2SHUDWLRQ OHYHO 2YHUORDG õ2 ô æô 5HJHQHUDWLYH EUDNH SUHðDODUP õ5 3ô èíí 7KH SUHðDODUP VLJQDO LV RXWSXW õVZLWFKHG ORZô ZKHQ åèø RI WKH UHJHQHUDWLYH EUDNH GXW VHW LQ 3Uï æí LV UHDFKHGï 7KH SUHðDODUP VLJQDO LV UHVHW õVZL...

Page 58: ...VHW LQ 3Uï ìêëï 7KH 3 IRUZDUGðUHYHUVH URWDWLRQ RXWSXW õ5 ô LV SURYLGHG õVZLWFKHG ORZô ZKHQ WKH RXWSXW LQGLFDWLRQ RI WKH SDUDPHWHU XQLW LV IRUZDUG URWDWLRQ õ ôï 7KLV RXWSXW LV QRW SURYLGHG ZKHQ WKH LQGLFDWLRQ LV UHYHUVH URWDWLRQ õ5 9ô RU VWRS õ6723ôï 3Uï ìêë 3Uï ìêì 21 2 2 0HDVXUHPHQW VLJQDO 7LPH õWô 8SSHU OLPLW õ 83ô RZHU OLPLW õ 1ô 21 ìéô RPPHUFLDO SRZHU VXSSO ðLQYHUWHU VZLWFKð RYHU õ0 ìñ 0 ëñ 0 ...

Page 59: ...RQ DFWLYDWLQJ WHPSHUDWXUHï ï 1 21 7HPSHUDWXUH åèø LQ RYHUKHDW SURWHFWLRQ LQ RYHUKHDW SUHDODUP õ 1ô õìííøô 7LPH õWô ìåô LJKW IDXOW RXWSXW õ ô 20021 7KH RXWSXW LV SURYLGHG õVZLWFKHG ORZô ZKHQ D PLQRU IDXOW RFFXUVï ìäô ODUP RXWSXW õ ô 20021 7KH RXWSXW LV SURYLGHG õVZLWFKHG ORZô ZKHQ WKH LQYHUWHUöV SURWHFWLYH IXQFWLRQ LV DFWLYDWHG WR VWRS WKH RXWSXW õPDMRU IDXOWôï ...

Page 60: ...RW UHTXLUHG ZKHQ FDOLEUDWHG IURP WKH RSHUDWLRQ SDQHO RU SDUDPHWHU XQLWï 7 SHV RI 0HWHUV RQQHFWHG 8S WR WZR PHWHUV PD EH XVHG LQ SDUDOOHO EXW D GLJLWDO PHWHU FDQQRW EH XVHG ZLWK DQ DQDORJ PHWHUï 2XWSXW ZDYHIRUP RI WHUPLQDO 0 7KH RXWSXW VLJQDO RI WHUPLQDO 0 KDV D SXOVH ZDYHIRUP DV VKRZQ LQ WKH WDEOH EHORZ DQG WKH QXPEHU RI LWV SXOVHV LV SURSRUWLRQDO WR WKH LQYHUWHU RXWSXW IUHTXHQF ï 7KH RXWSXW YROWD...

Page 61: ...XWSXW DFURVV 0ð6 WR ìééí SXOVHVîVHFRQG DW WKH LQYHUWHU RXWSXW FXUUHQW RI ìè ñ VHW ìè õ ô 3Uï èçï õ DFWRU VHWWLQJã UDWHG LQYHUWHU FXUUHQWô ìïéïìå QDORJ RXWSXW DGMXVWPHQW õ 0ô èíí IXOOðVFDOH ìí9 DQDORJ VLJQDO FDQ EH RXWSXW IURP DFURVV WHUPLQDOV 0ðèï 7KH DQDORJ RXWSXW OHYHO FDQ EH FDOLEUDWHG E WKH RSHUDWLRQ SDQHO RU SDUDPHWHU XQLWï 7HUPLQDO 0 IXQFWLRQ VHOHFWLRQ FDQ EH VHW LQ 3Uï ìèåï 6LQFH WHUPLQDO 0...

Page 62: ... ULJKWñ WKH LQSXW VLJQDOV RI WKH LQYHUWHU FDQ FRQWURO WHUPLQDOV 67 ñ 675ñ 6723 õ1RWHôñ 5 ñ 50ñ 5 ñ 2 õ1RWHôñ 57 õ1RWHôñ 056ñ 5 6ñ 8 õ1RWHôñ 6 õ1RWHôï 1RWHã 1RW SURYLGHG IRU èíí ï OHFWULFDO FKDUDFWHULVWLFV UHTXLUHG IRU WKH H WHUQDO WUDQVLVWRU x ã ROOHFWRU FXUUHQW ìíP RU PRUH I WKH UDWLQJ LV VPDOOñ WKH H WHUQDO WUDQVLVWRU PD EH GDPDJHG RU WKH LQYHUWHU LQSXW PD QRW EH DFWLYHï x9 ã 2SHQðWLPH SHUPLVVLE...

Page 63: ...QHFWHGñ WKH 38 FRQQHFWRU FDQ EH XVHG IRU FRPPXQLFDWLRQ RSHUDWLRQ IURP D SHUVRQDO FRPSXWHU HWFï á38 FRQQHFWRU SLQðRXWV 9LHZHG IURP WKH LQYHUWHU õUHFHSWDFOH VLGHô IURQW ìô 6 ëô 3è6 êô 5 éô 6 èô 6 çô 5 æô 6 åô 3è6 åô WR ìô RU èíí åô WR ìô ìô ðððððð ëô 3è6 êô 5 éô 6 èô 6 çô 5 æô 6 åô 3è6 RU èíí 8VH WKH FRQQHFWRU DQG FDEOH DV GHWDLOHG EHORZï x RQQHFWRUã 5 éè FRQQHFWRU DPSOHãèðèèéæëíðêñ 1LSSRQ 03 x DEOH...

Page 64: ...í WR êçíí Vî í WR êçí V íïè V RJ RSHUDWLRQ ìïçïç ìïçïå ìæ 056 LQSXW VHOHFWLRQ íñë í 2XWSXW VWRS LQSXW VHOHFWLRQ ìïçïìê ìå LJKðVSHHG PD LPXP IUHTXHQF ìëí WR éíí ìëí 2SHUDWLRQ RYHU ìëí ìïçïæ ìä DVH IUHTXHQF YROWDJH õ1RWH ìô í WR ìííí9ñ ååååñ ääää ääää 0D ï RXWSXW YROWDJH OLPLW ìïçïä ëí FFHOHUDWLRQîGHFHOHUDWLRQ UHIHUHQFH IUHTXHQF ì WR éíí çí ëì FFHOHUDWLRQîGHFHOHUDWLRQ WLPH LQFUHPHQWV íñì í FFHOHUDWL...

Page 65: ...UW FRDVWLQJ WLPH íñ íïì WR è Vñ ääää ääää XWRPDWLF UHVWDUW IXQFWLRQV èå 5HVWDUW FXVKLRQ WLPH í WR çí V ìïí V 5HVWDUW RSHUDWLRQ ìïçïìä GGLWLRQDO IXQFWLRQ èä 5HPRWH VHWWLQJ IXQFWLRQ VHOHFWLRQ íñ ìñ ë í 6SHHG DGMXVWPHQW IURP UHPRWH ORFDWLRQ ìïçïç çí QWHOOLJHQW PRGH VHOHFWLRQ í WR å í çì 5HIHUHQFH IRU LQWHOOLJHQW PRGH í WR èíí ñ ääää ääää çë 5HIï IRU LQWHOOLJHQW PRGH DFFHOï í WR ëííøñ ääää ääää çê 5HI...

Page 66: ...HTXHQF ô õ1RWH ìô í WR éíí ñ ääää ääää ìíì 9î ì õILUVW IUHTXHQF YROWDJHô õ1RWH ìô í WR ìííí9 í ìíë 9î ë õVHFRQG IUHTXHQF ô õ1RWH ìô í WR éíí ñ ääää ääää ìíê 9î ë õVHFRQG IUHTXHQF YROWDJHô õ1RWH ìô í WR ìííí9 í ìíé 9î ê õWKLUG IUHTXHQF ô õ1RWH ìô í WR éíí ñ ääää ääää ìíè 9î ê õWKLUG IUHTXHQF YROWDJHô õ1RWH ìô í WR ìííí9 í ìíç 9î é õIRXUWK IUHTXHQF ô õ1RWH ìô í WR éíí ñ ääää ääää ìíæ 9î é õIRXUWK IU...

Page 67: ... VZLWFKð RYHU ìêä XWRPDWLF LQYHUWHUðFRPPHUFLDO SRZHU VXSSO VZLWFKðRYHU IUHTXHQF í WR çíïíí ñ ääää ääää RU FRPPHUFLDO SRZHU VXSSO ð LQYHUWHU VZLWFKð RYHU RSHUDWLRQ ìïçïêë ìéí DFNODVK DFFHOHUDWLRQ VWRSSLQJ IUHTXHQF õ1RWH æô í WR éíí ìïíí ìéì DFNODVK DFFHOHUDWLRQ VWRSSLQJ WLPH õ1RWH æô í WR êçí V íïè V ìéë DFNODVK GHFHOHUDWLRQ VWRSSLQJ IUHTXHQF õ1RWH æô í WR éíí ìïíí DFNODVK ìéê DFNODVK GHFHOHUDWLRQ ...

Page 69: ... Vñ ääää ääää 3RZHU IDLOXUH VWRS IXQFWLRQ ëçç 3RZHUðIDLOXUH GHFHOHUDWLRQ WLPH VZLWFKð RYHU IUHTXHQF í WR éíí çí 6HOHFWLRQ RI GHFHOHUDWLRQ WR VWRS DW SRZHU IDLOXUH ìïçïéí 6HOHFWLRQ IXQFWLRQ ëæí 6WRSðRQðFRQWDFWîORDG WRUTXH KLJKðVSHHG IUHTXHQF FRQWURO VHOHFWLRQ íñ ìñ ëñ ê í RQWURO VHOHFWLRQ ìïçïéì ëæì LJKðVSHHG VHWWLQJ PD LPXP FXUUHQW í WR ëííø èíø ëæë 0LGðVSHHG VHWWLQJ PLQLPXP FXUUHQW í WR ëííø ìííø...

Page 70: ...HWHU VHWWLQJV ZKLFK DUH LJQRUHG ZKHQ WKH DGYDQFHG PDJQHWLF IOX YHFWRU FRQWURO PRGH LV VHOHFWHGï ëï 7KH IDFWRU VHWWLQJ RI WKH 5ð èéí õéíí9 FODVVô LV éíí9ï êï DQ EH VHW ZKHQ 3Uï åíñ 3Uï åì z ääääñ 3Uï çí æ RU åï éï DQ EH DFFHVVHG ZKHQ 3Uï åíñ 3Uï åì z ääääñ 3Uï ææ åíìï èï DQ EH DFFHVVHG ZKHQ 3Uï ëæí ì RU êñ 3Uï åíñ 3Uï åì z ääääï çï 7KH VHWWLQJ GHSHQGV RQ WKH LQYHUWHU FDSDFLW ï æï DQ EH DFFHVVHG ZKH...

Page 71: ...ìå LJKðVSHHG PD LPXP IUHTXHQF ìëí WR éíí ìëí 2SHUDWLRQ RYHU ìëí ìïçïæ ìä DVH IUHTXHQF YROWDJH õ1RWH ìô í WR ìííí9ñ ååååñääää ääää 0D ï RXWSXW YROWDJH OLPLW ìïçïä ëí FFHOHUDWLRQîGHFHOHUDWLRQ UHIHUHQFH IUHTXHQF ì WR éíí çí ëì FFHOHUDWLRQîGHFHOHUDWLRQ WLPH LQFUHPHQWV íñì í FFHOHUDWLRQî GHFHOHUDWLRQ WLPH VHWWLQJ ìïçïå ëë 6WDOO SUHYHQWLRQ RSHUDWLRQ OHYHO í WR ëííø ìèíø ëê 6WDOO SUHYHQWLRQ RSHUDWLRQ OHY...

Page 72: ...OHFWLRQ íñìñë í 6SHHG DGMXVWPHQW IURP UHPRWH ORFDWLRQ ìïçïç çí 6KRUWHVW DFFHOHUDWLRQîGHFHOHUDWLRQ PRGH íñìñëñììñìë í çì 5HIHUHQFH FXUUHQW í WR èíí ñ ääää ääää çë 5HIHUHQFH FXUUHQW IRU DFFHOHUDWLRQ í WR ëííøñ ääää ääää çê 5HIHUHQFH FXUUHQW IRU GHFHOHUDWLRQ í WR ëííøñ ääää ääää QWHOOLJHQW RSHUDWLRQ ìïçïëí çè 5HWU VHOHFWLRQ íñìñëñê í 5HWU RSHUDWLRQ ìïçïëì çç 6WDOO SUHYHQWLRQ RSHUDWLRQ OHYHO UHGXFWLRQ...

Page 73: ...HQWLDO WLPH íïíì WR ìíïíí Vñ ääää ääää RU RSHUDWLRQ XQGHU 3 FRQWURO ìïçïêì GGLWLRQDO IXQFWLRQ ìéç IUHTXHQF VHWWLQJ FRPPDQG VHOHFWLRQ íñ ìñ ääää í XLOWðLQ SRWHQWLRPHWHU VHOHFWLRQ ìïéïç ìèí 2XWSXW FXUUHQW GHWHFWLRQ OHYHO í WR ëííø ìèíø ìèì 2XWSXW FXUUHQW GHWHFWLRQ SHULRG í WR ìí V í ìèë HUR FXUUHQW GHWHFWLRQ OHYHO í WR ëííïíø èïíø XUUHQW GHWHFWLRQ ìèê HUR FXUUHQW GHWHFWLRQ SHULRG íïíè WR ì V íïè V X...

Page 74: ... WHUPLQDO FDOLEUDWLRQ RU H WHUQDO PHWHU FDOLEUDWLRQ ìïçïè äíë UHTXHQF VHWWLQJ YROWDJH ELDV í WR ìí9 í WR çí í9 í äíê UHTXHQF VHWWLQJ YROWDJH JDLQ í WR ìí9 ì WR éíí è9 çí äíé UHTXHQF VHWWLQJ FXUUHQW ELDV í WR ëíP í WR çí éP í äíè UHTXHQF VHWWLQJ FXUUHQW JDLQ í WR ëíP ì WR éíí ëíP çí DOLEUDWLRQ RI RXWSXW IUHTXHQF WR IUHTXHQF VHWWLQJ VLJQDO ìïçïç äëë XLOWðLQ IUHTXHQF VHWWLQJ SRWHQWLRPHWHU ELDV í WR è...

Page 75: ...RWH ìô è 3URJUDPPHG RU 38 RSHUDWLRQ PD EH VHOHFWHGï 38 2SHUDWLRQ SDQHO õSDUDPHWHU XQLWô u u 38 2SHUDWLRQ SDQHO õSDUDPHWHU XQLWô u ç 38 RU H WHUQDO RSHUDWLRQ PD EH VHOHFWHG GXULQJ RSHUDWLRQ õVZLWFKðRYHU PRGHôï 7 WHUQDO VLJQDO õ67 ñ 675ô 38 2SHUDWLRQ SDQHO õSDUDPHWHU XQLWô u æ 38 DQG H WHUQDO RSHUDWLRQV PD EH LQWHUORFNHG E ìë õ056ô VLJQDOï 7 WHUQDO VLJQDO õ67 ñ 675ô 38 2SHUDWLRQ SDQHO õSDUDPHWHU XQL...

Page 76: ...HWXUQ WR H WHUQDO RSHUDWLRQ EHIRUH VWDUWLQJ RSHUDWLRQï 1 0 5 õ ìô 6 õ ëô 7 õ êô 8 9 67 675 5 50 5 2 57 056 5 6 6 0 6 5ð 8íé 9 021 7 38 21752 3 1 02 6 7 5 9 6723 5 6 7 5 9 ìí ë è 3RZHU VXSSO RUZDUG URWDWLRQ VWDUW 5HYHUVH URWDWLRQ VWDUW 0XOWLðVSHHG VHOHFWLRQ LJKðVSHHG VHWWLQJ 0LGGOHðVSHHG VHWWLQJ RZðVSHHG VHWWLQJ RJ PRGH VHOHFWLRQ 6HFRQG DFFHOïîGHFHOï WLPH VHOHFWLRQ 2XWSXW VWRS 5HVHW UHTXHQF VHWWLQJ...

Page 77: ...RWHã 7KH PRWRU DQG LQYHUWHU PXVW EH JURXQGHGï RU WKH JURXQGLQJ PHWKRGñ UHIHU WR 6HFWLRQ ìïäïæï RQQHFWLRQ DPSOH IRU RPELQHG 2SHUDWLRQ VWDUWã H WHUQDO VLJQDOñ UXQQLQJ IUHTXHQF ã RSHUDWLRQ SDQHO õéô RPELQHG RSHUDWLRQ õSHUIRUPLQJ RSHUDWLRQ E SURYLGLQJ VWDUW VLJQDO IURP RSHUDWLRQ SDQHO DQG VHWWLQJ UXQQLQJ IUHTXHQF IURP H WHUQDO SRWHQWLRPHWHUô 20021 0DNH FRQQHFWLRQV DV VKRZQ EHORZ DQG VHW ûéû LQ 3Uï æäñ...

Page 78: ...ûèû õSURJUDPPHG RSHUDWLRQô LQ 3Uï æä GLVDEOHV WKH IROORZLQJ IXQFWLRQV IURP EHLQJ XVHG LI WKH FRUUHVSRQGLQJ LQERDUG RSWLRQ LV LQVWDOOHGã 2ULHQWDWLRQ FRQWURO 3 IHHGEDFN FRQWURO ìëðELW GLJLWDO LQSXW 3 FRQWURO ëô QSXW WHUPLQDO LQIRUPDWLRQ KHQ WKH SURJUDPPHG RSHUDWLRQ LV SHUIRUPHG E VHWWLQJ ûèû õSURJUDPPHG RSHUDWLRQô LQ 3Uï æäñ WKH IROORZLQJ WHUPLQDOV DUH PDGH YDOLG DQG LQYDOLG DV LQGLFDWHG EHORZã 9DOL...

Page 79: ...Q LVSOD ëíì 6HW35 ì LUHFWLRQ ì 6HW 7LPH êíïíí é ã êíV 7R VHOHFW WKH WLPH XQLWñ XVH SDUDPHWHU 3Uï ëíí õSURJUDPPHG RSHUDWLRQ PLQXWHîVHFRQG VHOHFWLRQôï x 7KH LQSXW RI ìãåí õH FHVV RI èä PLQXWHV RU èä VHFRQGVô UHVXOWV LQ HUURUï x 6HW ääää IRU QR VHWWLQJï LQ XQLWV RI PLQXWHV 3Uï ëíí ìñ ê LQ XQLWV RI VHFRQGV 3Uï ëíí íñ ë RXU 0LQXWH 0LQXWH 6HFRQG 1RWHã KHQ XVLQJ WKH RSHUDWLRQ SDQHO IRU VHWWLQJñ UHDG WKH ...

Page 80: ...H WKH VDPH DV WKRVH RI 38 RSHUDWLRQï õ1RWH ìô u RPSXWHU OLQN RSHUDWLRQ WR H WHUQDO RSHUDWLRQ 7KH VZLWFKðRYHU FRPPDQG WR WKH H WHUQDO PRGH LV VHQW IURP WKH FRPSXWHUï x 5RWDWLRQ GLUHFWLRQ LV GHWHUPLQHG E WKH H WHUQDO RSHUDWLRQ LQSXW VLJQDOï x 6HW IUHTXHQF LV GHWHUPLQHG E WKH H WHUQDO IUHTXHQF VHWWLQJ VLJQDOï õ1RWH ìô u RPSXWHU OLQN RSHUDWLRQ WR 38 RSHUDWLRQ 6HOHFW WKH 38 RSHUDWLRQ PRGH ZLWK WKH RSHU...

Page 81: ... VWRS LVDOORZHG o GLVDOORZHG LVDOORZHG WHUQDO XULQJ RSHUDWLRQ 6KRUWHG o RSHQ WHUQDO 2XWSXW VWRS o GXULQJ RSHUDWLRQ LVDOORZHG o GLVDOORZHG LVDOORZHG 1RWHã ìï RU èíí ñ ZKHQ 3Uï æä æ DQG WKH 38 RSHUDWLRQ H WHUQDO LQWHUORFN VLJQDO õ ìë õ056ôô LV 2 ñ QHWZRUN RSHUDWLRQ VXFK DV FRPSXWHU OLQN FDQQRW EH XVHGï ëï I WKH ìë õ056ô VLJQDO LV RQñ WKH RSHUDWLRQ PRGH FDQQRW EH VZLWFKHG WR WKH 38 RSHUDWLRQ PRGH ZKH...

Page 82: ... PRGH WR IRUFLEO FKDQJH LW WR WKH H WHUQDO RSHUDWLRQ PRGHï 2SHQ ìçð6 WR VZLWFK WR WKH 38 RSHUDWLRQ PRGHï 1RWH WKDW WKLV VZLWFKLQJ LV RQO HQDEOHG GXULQJ DQ LQYHUWHU VWRS DQG FDQQRW EH GRQH GXULQJ RSHUDWLRQï 1RWHã OORFDWH WKH ìç VLJQDO WR DQ RI WKH LQSXW WHUPLQDOVï 1 0 5 õ ìô 6 õ ëô 7 õ êô 8 9 67 675 ìç 6 5ð 8íé 9 021 7 38 21752 3 1 02 6 7 5 9 6723 5 6 7 5 9 3RZHU VXSSO RUZDUG URWDWLRQ VWDUW 5HYHUVH...

Page 83: ...W RI FHSWLRQV WR 3Uï ææñ 3DUDPHWHU ULWH QKLELW 6HOHFWLRQñ IRU èíí 3Uï ææ 6HWWLQJ í õ ULWH HQDEOHG RQO GXULQJ VWRS LQ 38 RSHUDWLRQ PRGHô ì õ ULWH LQKLELWô ë õ ULWH DOZD V HQDEOHGô 38 õ38ò ô 7 38ò 35 38 38ò 7 35 2SHUDWLRQ PRGH 3Uï æä VHWWLQJ íñ ìñ ê æñ å è íñ ëñ æñ å é è íñ ìñ èñ æñ å ê é íñ ë è í WR éñ æñ å è 38 RSHUDWLRQ IUHTXHQF 3Uï é WR çñëëñëé WR ëæñ èë WR èçñæèñìçíñëêë WR ëêäñëæì WR ëæéñäííñäí...

Page 84: ...DUG GLUHFWLRQ ZKHQ LW LV GHVLUHG WR UXQ WKH PRWRU RQO LQ RQH GLUHFWLRQï 7KLV IXQFWLRQ LV YDOLG LQ DQ RSHUDWLRQ PRGH IRU WKH UHYHUVH RU IRUZDUG URWDWLRQ NH RQ WKH RSHUDWLRQ SDQHO õSDUDPHWHU XQLWô DQG WKH UHYHUVH RU IRUZDUG URWDWLRQ VWDUW LQSXW VLJQDO WHUPLQDO 675 RU 67 ï 3DUDPHWHU 1XPEHU 6HW 9DOXH HVFULSWLRQ DFWRU 6HWWLQJ í RWK IRUZDUG DQG UHYHUVH URWDWLRQV DOORZHG ì 5HYHUVH URWDWLRQ GLVDOORZHG õIR...

Page 85: ...íì DUH QRW SURYLGHG IRU èíí ïô 7KH RXWSXW IUHTXHQF RI WKH LQYHUWHU FDQ EH GLVSOD HG RQ WKH IUHTXHQF PRQLWRU RI WKH RSHUDWLRQ SDQHO õSDUDPHWHU XQLWôï OVR WKH RXWSXW FXUUHQW RI WKH RXWSXW WHUPLQDO 0 IRU PHWHU õIUHTXHQF PHWHUô FDQ EH LQGLFDWHG E D ìP DPPHWHU HWFï Q DGGLWLRQñ WKH PRWRU VSHHG õUîPLQôñ ORDG VKDIW VSHHGñ OLQH VSHHG õPîPLQôñ HWFï FDQ EH GLVSOD HGï õìô 6SHHG GLVSOD 3Uï êæñ 3Uï ìéé ìô èíí K...

Page 86: ...QJ 5DQJH DFWRU 6HWWLQJ êæ 6SHHG GLVSOD íñíïíì WR äääå í õ2XWSXW IUHTXHQF ô 7R GLVSOD WKH PDFKLQH VSHHGñ VHW WKH PDFKLQH VSHHG IRU çí RSHUDWLRQ LQ 3Uï êæï OVRñ XVH WKH IUHTXHQF DV WKH XQLWV RI WKH UXQQLQJ VSHHG VHWWLQJ LQ WKH 38 RSHUDWLRQ PRGH DQG SDUDPHWHU VHWWLQJ XVHG IRU IUHTXHQF VHWWLQJï 1RWHã ìï 5HIHU WR 3Uï èë DQG 3Uï èê ZKHQ LW LV GHVLUHG WR FKDQJH WKH PRQLWRU õ38 PDLQ GLVSOD ô RI WKH RSHUDW...

Page 87: ...í SXOVHVîVHFRQG ï V VKRZQ EHORZñ WKH SXOVH VSHHG LV SURSRUWLRQDO WR WKH LQYHUWHU RXWSXW FXUUHQWï 1RWH WKDW WKH PD LPXP VSHHG RI WKH SXOVH WUDLQ LV ëéíí SXOVHVîVHFRQG ï ëéíí ìééí èíí 3XOVH VSHHG õSXOVHVîVHFRQGô 5DWHG RXWSXW FXUUHQW õ DFWRU VHWWLQJô 3Uï èç VHWWLQJ UDQJH 7HUPLQDO 0 3XOVH 6SHHG õ XUUHQW UHIHUHQFHô êô 0HWHU õIUHTXHQF PHWHUô FDOLEUDWLRQ 3Uï äíí 7KH RXWSXW YROWDJH RI WHUPLQDO 0 KDV D SXO...

Page 88: ...WSXW YROWDJH RI WHUPLQDO 0 LV ìí9 ï V VKRZQ EHORZñ WKH RXWSXW YROWDJH LV SURSRUWLRQDO WR WKH FXUUHQW YDOXHï ìí9 èíí 2XWSXW YROWDJH 5DWHG RXWSXW FXUUHQW õ DFWRU VHWWLQJô 3Uï èç VHWWLQJ 2XWSXW 9ROWDJH RI 7HUPLQDO 0 õ XUUHQW UHIHUHQFHô êô 2XWSXW YROWDJH FDOLEUDWLRQ 3Uï äíì 7KH RXWSXW YROWDJH RI WHUPLQDO 0 LV DQ DQDORJ YROWDJH RI í WR ìí9 ï DOO 3Uï äíì DQG SUHVV WKH î NH DV DSSURSULDWHï 7KLV FKDQJHV W...

Page 89: ... PRGHï 7KH PD EH FKDQJHG GXULQJ RSHUDWLRQï õ RU IXOO LQIRUPDWLRQ RQ WKH RSHUDWLRQ SURFHGXUHñ UHIHU WR 6HFWLRQ ìïéïæïô ëô I WZR RU PRUH WHUPLQDOV RI 5 ñ 50 DQG 5 KDYH EHHQ VZLWFKHG RQñ WKH ORZHU VSHHG WHUPLQDO KDV SULRULW RYHU WKH RWKHUVï 3DUDPHWHU 1XPEHU 1DPH 6HWWLQJ 5DQJH 0LQLPXP 6HWWLQJ QFUHPHQWV DFWRU 6HWWLQJ WHUQDO 7HUPLQDO 1DPH é LJK VSHHG õVSHHG ìô çí 5 è 0LGGOH VSHHG õVSHHG ëô êí 50 ç RZ VS...

Page 90: ...RPPDQG YROWDJH UDQJHô VHOHFWLRQ 3Uï æê 20021 ìô èíí HSHQGLQJ RQ WKH 3Uï æê VHWWLQJñ WKH DQDORJ LQSXWV õIUHTXHQF VHWWLQJ LQSXW VLJQDOVô FDQ EH FRPELQHG DV GHVFULEHG EHORZã Dô 7KH LQSXW YROWDJH RI WHUPLQDO ë LV XVHG LQGHSHQGHQWO DV í WR è9 RU í WR ìí9ï Eô HQWHULQJ LQSXW õí WR rè9 RU í WR rìí9ô WR WHUPLQDO ìñ IRUZDUGðUHYHUVH URWDWLRQ VZLWFKLQJ RSHUDWLRQ FDQ EH SHUIRUPHG GHSHQGLQJ RQ WKH SRODULW ñ DV ...

Page 91: ...ï äíè YROWDJH JDLQñ 3Uï äíé í Ií í ìí Ií õ ð éôîìç ò 9ìîìí ì õIDFWRU VHWWLQJô ìì í WR rìí9 Ií õ ð éôîìç ò 9ìîìí ë ìë í WR rè9 Ií õ ð éôîìç ò 9ìîè GGLWLRQ FRPSHQð VDWLRQ ê ìê QYDOLG Ií õ ð éôîìç ò 9ìîè é í WR ìí9 QYDOLG Ií u õ ð éô u õ9ëòèôîìçí 2YHUULGH è í WR è9 í WR ëíP Ií u õ ð é ô u õ9ëòëïèôîåí 1RWHã 7KH PD LPXP YDOXH LV Iíñ DQG WKH PLQLPXP YDOXH LV í ZLWKRXW SRODULW UHYHUVLEOH RU LV QHJDWLYH õ...

Page 92: ...LQLPXP YDOXH LV í ï z 8 VLJQDO ïïï 21ñ 5 ñ 5 ñ 50ñ 5 VLJQDOV ïïï 2 6HW IUHTXHQF IRUPXOD õ1RWHô ã LQSXW FXUUHQWñ Ií 3Uï êä RU 3Uï äíè FXUUHQW JDLQñ 3Uï äíé í éP 1RWHã 7KH PD LPXP YDOXH LV Ií DQG WKH PLQLPXP YDOXH LV í ï õèô UHTXHQF VHWWLQJ YROWDJH ELDVñ JDLQ 3Uï êåñ äíëñ äíê 20021 ìô 6HW WKH UHODWLRQVKLS EHWZHHQ WKH IUHTXHQF VHWWLQJ LQSXW VLJQDO HQWHUHG DFURVV WHUPLQDOV ëð è DQG WKH RXWSXW IUHTXHQF...

Page 93: ...H IUHTXHQF VHWWLQJ SRZHU VXSSO WHUPLQDO ìí ð è õìí õQRW SURYLGHG IRU èíí ôô EXLOW LQWR WKH LQYHUWHUñ WKH YROWDJH VHW LQ 3Uï æê õIUHTXHQF FRPPDQG YROWDJH UDQJH VHOHFWLRQô LV XVHG DV UHIHUHQFHï RU èíí x 3Uï æê LV DQ RI ìñ êñ èñ ììñ ìê DQG ìèã è9 x 3Uï æê LV DQ RI íñ ëñ éñ ìíñ ìë DQG ìéã ìí9 RU èíí x 3Uï æê LV íã è9 x 3Uï æê LV ìã ìí9 ëï I WKH 3Uï äíê RU 3Uï äíè õJDLQ DGMXVWPHQWô YDOXH LV FKDQJHGñ WK...

Page 94: ...QF DW è9 õìí9ô LQSXW ì WR éíí íïíì çí õçô UHTXHQF VHWWLQJ FXUUHQW ELDVñ JDLQ 3Uï êäñ äíéñ äíè 20021 ìô 6HW WKH UHODWLRQVKLS EHWZHHQ WKH IUHTXHQF VHWWLQJ LQSXW VLJQDO LQSXW WR WHUPLQDO é DQG WKH RXWSXW IUHTXHQF ï 7KH UHODWLRQVKLS EHWZHHQ WKH IUHTXHQF VHWWLQJ LQSXW FXUUHQW DQG RXWSXW IUHTXHQF LV DV VKRZQ EHORZï ëô KHQ VHWWLQJ WKH IUHTXHQF VHWWLQJ JDLQ LQ 3Uï äíèñ LW LV QRW QHFHVVDU WR LQSXW D FXUUHQ...

Page 95: ...HWWLQJ VLJQDO ZLWKRXW XVLQJ WKH VWDUW VLJQDO õWHUPLQDO 67 RU 675ôï 3Uï æê DOORZV VHOHFWLRQ EHWZHHQ HQDEOH DQG GLVDEOH RI SRODULW UHYHUVLEOH RSHUDWLRQï ëô 7KH PRWRU LV QRW VWDUWHG XQWLO WKH DQDORJ LQSXW YROWDJH HTXLYDOHQW WR RU JUHDWHU WKDQ WKH VWDUWLQJ IUHTXHQF LQ 3Uï ìê LV HQWHUHGï KHQ SRODULW KDV EHHQ VZLWFKHGñ WKH PRWRU LV GHFHOHUDWHG WR íïè DQG WKHQ UXQ LQ WKH RSSRVLWH GLUHFWLRQ DW WKH VWDUWLQ...

Page 96: ...RU ûëû LQ 3Uï èäñ WKH IXQFWLRQV RI WKH 5 DQG 50 VLJQDOV FDQ EH FKDQJHG WR WKH UHPRWH VHWWLQJ LQSXW IXQFWLRQï 7KLV IXQFWLRQ PD EH VHW HLWKHU LQ WKH 38 RU H WHUQDO RSHUDWLRQ PRGHï 1RWH WKDW WKLV IXQFWLRQ LV GLIIHUHQW IURP WKH IXQFWLRQ RI WKH RSWLRQDO PRWRUL HG VSHHG VHWWHU õ 5ð ôï 1RWHã IWHU 5 ð6 DQG 50ð6 DUH NHSW RSHQHG IRU PRUH WKDQ DERXW RQH PLQXWHñ WKH UXQQLQJ IUHTXHQF VHWWLQJ DW WKDW WLPH LV VW...

Page 97: ...LJQDO WXUQV RQñ WKH VHW IUHTXHQF YDULHV DFFRUGLQJ WR WKH UDPS VHW LQ 3Uï éé RU 3Uï éèï OVRñ WKH DFFHOHUDWLRQî GHFHOHUDWLRQ WLPH RI WKH RXWSXW IUHTXHQF LV DV VHW LQ 3Uï æî 3Uï åï HQFHñ WKH DFWXDO RXWSXW IUHTXHQF YDULHV LQ WKH WLPH RI ORQJHU VHWWLQJï ëï KHQ WKH UHPRWH RSHUDWLRQ IXQFWLRQ KDV EHHQ VHOHFWHG õì RU ë LV VHW LQ 3Uï èäôñ WKH IROORZLQJ IXQFWLRQ LV LQYDOLGã x 0XOWLðVSHHG RSHUDWLRQ êï KHQ HLW...

Page 98: ... 3Uï ìíï RU GHFHOHUDWLRQ WR D VWRS PDGH E JLYLQJ WKH FRPPDQG IUHTXHQF RI í õVWDUW VLJQDO LV RQôñ WKH RXWSXW IUHTXHQF LV RXWSXW XS WR WKH DERYH FRQVWDQW VSHHG IUHTXHQF ï URP WKH DERYHñ WKH UXQQLQJ IUHTXHQF UDQJH LV VXPPDUL HG DV VKRZQ RQ WKH ULJKWï 7KH VHWWLQJ FRQGLWLRQV RI WKH UHOHYDQW IXQFWLRQV õSDUDPHWHUVô DUH LQGLFDWHG LQ WKH ULJKW WDEOHï 3Uï ìõ 3Uï ìåô 3Uï ìê 3Uï ë 2XWSXW IUHTXHQF õ ô 0D LPXP ...

Page 99: ...UDPHWHU XQLWôñ VHW WKH PLQLPXP IUHTXHQF OLPLW WKDW FDQ EH RXWSXW GXULQJ FRQVWDQWðVSHHG RSHUDWLRQï KHQ WKH DQDORJ IUHTXHQF VHWWLQJ LQSXW VLJQDO LV XVHGñ WKH RXWSXW IUHTXHQF LV FODPSHG DQG GRHV QRW GURS EHORZ WKH PLQLPXP IUHTXHQF OLPLW LI WKDW IUHTXHQF VHWWLQJ LQSXW VLJQDO LV OHVV WKDQ WKH PLQLPXP IUHTXHQF OLPLW LQ 3Uï ë õWKLV DOVR DSSOLHV WR WKH LQSXW RI íôï Q YDOXH OHVV WKDQ WKH PLQLPXP IUHTXHQF O...

Page 100: ...VHWWLQJ LV êçí VHFRQGVï KHQ WKH YDOXH LV VHW IURP WKH RSHUDWLRQ SDQHO ZLWK 3Uï ëì ìñ WKH VHWWLQJ LQFUHPHQWV DUH íïì VHFRQG IRU WKH VHWWLQJ RI ìíí VHFRQGV RU PRUHïô ìô WHUQDO RSHUDWLRQ PRGH 20021 õ8VLQJ IUHTXHQF VHWWLQJ VLJQDO WHUPLQDO ëðèô õ DPSOH ìô FFHOHUDWLRQ LV PDGH WR WKH RXWSXW IUHTXHQF RI èí LQ ëïè V DW WKH 3Uï ëí õDFFHOHUDWLRQîGHFHOHUDWLRQ UHIHUHQFH IUHTXHQF ô VHWWLQJ RI çí õIDFWRU VHWWLQJ...

Page 101: ...G IRU OLQHDU DFFHOHUDWLRQ IURP D VWRS WR WKH PD LPXP RSHUDWLQJ IUHTXHQF XQGHU WKH ORDG DQG PRWRU FRQGLWLRQV XVHGï 8VLQJ WKH IROORZLQJ IRUPXODñ FDOFXODWH WKH DFFHOHUDWLRQ WLPH IURP VWRS WR WKH DFFHOHUDWLRQîGHFHOHUDWLRQ UHIHUHQFH IUHTXHQF ñ 3Uï ëíñ DQG VHW LW LQ 3Uï æï FFHOHUDWLRQîGHFHOHUDWLRQ WLPH VHWWLQJ FFHOHUDWLRQîGHFHOHUDWLRQ UHIHUHQFH IUHTXHQF ñ õ 3Uï ëíô 0D LPXP RSHUDWLQJ IUHTXHQF ð 6WDUWLQJ ...

Page 102: ...WLQJ RI ääää õIDFWRU VHWWLQJô LQ 3Uï ììì FDXVHV WKH WKLUG GHFHOHUDWLRQ WLPH WR EH WKH YDOXH VHW LQ 3Uï ìììñ PDNLQJ WKH DFFHOHUDWLRQ DQG GHFHOHUDWLRQ WLPHV HTXDOï KHQ ERWK WKH 57 DQG ä VLJQDOV DUH RQñ 3Uï ìíí DQG 3Uï ììì DUH PDGH YDOLGï õæô FFHOHUDWLRQîGHFHOHUDWLRQ WLPH IRU MRJ RSHUDWLRQ 3Uï ìç 20021 OORZV WKH DFFHOHUDWLRQîGHFHOHUDWLRQ WLPH WR EH VHW IRU MRJ RSHUDWLRQ LQ WKH 38 RU H WHUQDO RSHUDWLR...

Page 103: ...H EDVH IUHTXHQF ñõ 3Uï êôñ RI çí ñ VHW ìïè VHFRQGV LQ 3Uï æ DQG 3Uï åï ëô 6ðSDWWHUQ DFFHOHUDWLRQîGHFHOHUDWLRQ 20021 7 SH PDNHV 6ðSDWWHUQ DFFHOHUDWLRQ îGHFHOHUDWLRQ ZKHQ WKH IUHTXHQF VHWWLQJ õUXQQLQJ IUHTXHQF E WKH H WHUQDO LQSXW VLJQDO RU IURP WKH RSHUDWLRQ SDQHOô FKDQJHV WR FRPSHQVDWH IRU WKH VKRFN RFFXUULQJ DW VWDUW DQG VWRSñ WKHUHE SUHYHQWLQJ WKH FROODSVH RI FDUJR EHLQJ WUDQVIHUUHGï RU LQVWDQFH...

Page 104: ...Wë 3Uï ìéê 3Uï ìéë Ië DFNODVK RPSHQVDWLRQ XQFWLRQ 5HODWHG WR DFNODVK RPSHQVDWLRQ 3DUDPHWHU QXPEHU 1DPH 6HWWLQJ 5DQJH 0LQLPXP 6HWWLQJ QFUHPHQWV DFWRU 6HWWLQJ 5HPDUNV ëä FFHOHUDWLRQîGHFHOHUDWLR Q SDWWHUQ VHOHFWLRQ íñìñëñê í êã DFNODVK FRPSHQVDWLRQ ìéí 6WRSSLQJ IUHTXHQF IRU EDFNODVK DFFHOHUDWLRQ í WR éíí íïíì ì ìéì 6WRSSLQJ IUHTXHQF IRU EDFNODVK DFFHOHUDWLRQ í WR êçí V íïì V íïè V ìéë 6WRSSLQJ IUHTXH...

Page 105: ...XWSXW YROWDJH DW WKH RXWSXW IUHTXHQF RI í LQ 3Uï í õPDQXDO WRUTXH ERRVWô WR FRQWURO WKH PRWRU VWDUWLQJ WRUTXHï z ø LQGLFDWHG IRU WKH WRUTXH ERRVW õPDQXDOôñ 3Uï íñ DVVXPHV WKDW WKH RXWSXW YROWDJH DW QRW OHVV WKDQ WKH EDVH IUHTXHQF õQHDUO HTXDO WR WKH SRZHU VXSSO YROWDJHô LV ìííøï KHQ D YDOXH KDV EHHQ VHW LQ 3Uï ìäñ EDVH IUHTXHQF YROWDJHñ WKDW YDOXH LV UHJDUGHG DV ìííøï XQFWLRQV 5HODWHG WR 2XWSXW 9R...

Page 106: ...RUTXH ORDG KDV EHHQ VHOHFWHGñ WKH PD LPXP IUHTXHQF OLPLW VHW LQ 3Uï ì VKRXOG EH HTXDO WR RU OHVV WKDQ WKH EDVH IUHTXHQF VHW LQ 3Uï ê õQRUPDOO èí RU çíô XQOHVV WKH PRWRU FDSDFLW LV FRQVLGHUDEO VXIILFLHQWï KHQ WKH YDULDEOHðWRUTXH ORDG KDV EHHQ VHOHFWHGñ WKH RXWSXW YROWDJH LV DSSUR LPDWHO SURSRUWLRQDO WR WKH VTXDUH RI WKH RXWSXW IUHTXHQF ï 3Uï í íïè í ìíí 3Uï ìñ 3Uï ê 2XWSXW YROWDJH õøô 9DULDEOHðWRUT...

Page 107: ... êô HQHUDOO ñ VHWWLQJ WKH EDVH IUHTXHQF WR KLJKHU WKDQ çí KDV QR DGYDQWDJHï éô 7KH IROORZLQJ GHSHQGV RQ ZKHWKHU WKH EDVH IUHTXHQF KDV EHHQ VHW WR èí RU çí ã õDô 6HOHFWLRQ RI GDWD RQ WKH WRUTXH FDSDELOLW RI WKH VWDQGDUG PRWRU XVHG ZLWK WKH LQYHUWHUï õEô 5DWHG WRUTXH YDOXH õLQ øô RI WKH VWDQGDUG PRWRU FRUUHVSRQGLQJ WR ìííø WRUTXHï I WKH EDVH IUHTXHQF XVHG LV RWKHU WKDQ èí RU çí ñ D VSHFLDO PRWRU GHV...

Page 108: ...WRU VHWWLQJñ WKH FRQWLQXRXVO XVDEOH IUHTXHQF UDQJH LV QDUURZHG EHFDXVH WKH QRðORDG FXUUHQW RI WKH PRWRU LQFUHDVHVï KHQ WKH WRUTXH ERRVW YDOXH LV åøñ IRU H DPSOHñ WKH IUHTXHQF RI ìè RU OHVV FDQQRW EH XVHG FRQWLQXRXVO ï ëï I WKH VWDUWLQJ IUHTXHQF õ 3Uï ìêô VHWWLQJ LV WRR KLJKñ WKH VWDUWLQJ FXUUHQW LQFUHDVHVñ DFWLYDWLQJ WKH FXUUHQW OLPLW IXQFWLRQï êï 7RR KLJK VHWWLQJ RI WKH WRUTXH ERRVW VDWXUDWHV WKH...

Page 109: ... RSHUDWLRQ WLPH GLVDEOHV WKH G QDPLF EUDNH DQG FDXVHV WKH UHJHQHUDWLYH EUDNH WR EH DSSOLHG GRZQ WR íïè õIUHTXHQF VHW LQ 3Uï ìê LI WKH 3Uï ìê YDOXH LV OHVV WKDQ íïè ô RU WKH G QDPLF EUDNH RSHUDWLRQ IUHTXHQF ñ FRDVWLQJ WKH PRWRU WR D VWRSï èï ORQJHU WLPH VKRXOG EH VHW LI ORDG ë LV WRR ODUJH WR VWRS WKH PRWRU LQ WKH EUDNH RSHUDWLRQ WLPH RI íïè VHFRQGVï çï 6HWWLQJ í õøô LQ WKH G QDPLF EUDNH YROWDJH FR...

Page 110: ...í 6SHFLDO UHJHQHUDWLYH EUDNH GXW õ1RQHô íïìø íø 5HIHU WR 7HFKQLFDO 1RWH 1Rï ëëï ìì RU PRUH õ1RWH êô 1RWHã ìï 1RW SURYLGHG IRU èíí ï ëï RU èíí ñ WKH EUDNH UHVLVWRU LV QRW EXLOW LQï êï 7KH 5ð èëíðíïì ñ íïë ñ 5ð èëíðìì RU PRUH DQG 5ð èéíðìì RU PRUH FDQQRW XVH WKH EUDNH UHVLVWRUï õëô LJK SRZHU IDFWRU FRQYHUWHU FRQQHFWLRQ 20021 RU FRQQHFWLRQ ZLWK WKH KLJK SRZHU IDFWRU FRQYHUWHUñ UHIHU WR 6HFWLRQ ìïéïìé...

Page 111: ...6HFWLRQV ìïçïëè DQG ìïçïëçïô 3URFHGXUH ìï 6HW ûìûLQ 3Uï æìñ DSSOLHG PRWRUï ëï 6HW WKH FXUUHQW YDOXH RI WKH FRQVWDQWð WRUTXH PRWRU LQ 3Uï äñ HOHFWURQLF WKHUPDO UHOD ï WXUQLQJ RQ WKH 57 VLJQDO LQ èíí ñ WKHUPDO UHOD RSHUDWLRQ LV SHUIRUPHG DV VHW LQ 3Uï éåï VVLJQ WKH 57 VLJQDO WR DQ RI WKH LQSXW WHUPLQDOV E LQSXW WHUPLQDO IXQFWLRQ VHOHFWLRQï KHQ WKH 57 VLJQDO LV RQñ WKH RWKHU VHFRQG IXQFWLRQ LV DOVR V...

Page 112: ...HQ DQG SUHVV WKH 6 7 NH ï õFô 7XUQ RQ WKH 67 RU 675 VLJQDOï ëô RU SDUDPHWHU XQLW õ 5ð38íéô õDô IWHU FRPSOHWLRQ RI GHFHOHUDWLRQ WR D VWRSñ WXUQ RII WKH 67 RU 675 VLJQDOï õEô 3UHVV WKH 7 NH ï õFô 7XUQ RQ WKH 67 RU 675 VLJQDOï 5HVHW 7HUPLQDO XQFWLRQ KRLFHV 5HVHW 7HUPLQDO XQFWLRQ 6HOHFWLRQ 38 LVFRQQHFWLRQ HVî1R 6HOHFWLRQ 38 6WRS 6HOHFWLRQ 3Uï æè 6HWWLQJ 5HVHW QRUPDOO HQDEOH 5HVHW HQDEOH DW DODUP RQO 3...

Page 113: ...QJ IUHTXHQF í WR éíí íïíì çí 1RWHã ìï 1RW SURYLGHG IRU èíí ï ëï ääää FDQ EH VHW IRU èíí ï 5HIHU WR SDUDJUDSK õéôï êï KHQ WKH VWDOO SUHYHQWLRQ LV DFWLYDWHGñ WKH RXWSXW VLJQDO LV VZLWFKHG RQðRII DV VKRZQ RQ WKH ULJKWï KHQ WKH VHFRQG õWKLUGô VWDOO SUHYHQWLRQ LV DFWLYDWHGñ WKH RXWSXW VLJQDO LV DOVR VZLWFKHG RQðRIIï éï LJKHU SULRULW LV JLYHQ WR WKH VPDOOHU VHWWLQJ RI 3Uï ëë DQG 3Uï éåï èï KHQ WKH FXUUH...

Page 114: ...QîGHFHOHUDWLRQ WLPH DUH DOVR VHOHFWHGï õêô RXEOHðVSHHG VWDOO SUHYHQWLRQ 3Uï ëêñ çç 20021 KHQ WKH PRWRU LV DFFHOHUDWHG XS WR WKH FRQVWDQW RXWSXW UDQJH RI QRW OHVV WKDQ çí ñ WKH PRWRU PD QRW EH DFFHOHUDWHG EHFDXVH WKH FXUUHQW GRHV QRW LQFUHDVH LI WKH PRWRU VOLS LQFUHDVHVï 7R LPSURYH WKH DFFHOHUDWLRQ FKDUDFWHULVWLF LQ WKLV FDVHñ WKH FXUUHQW OLPLW OHYHO LQ WKH FRQVWDQW RXWSXW UDQJH LV UHGXFHG LQ LQYHU...

Page 115: ...ì LQSXW LV H FOXVLYHO XVHG IRU VHWWLQJ WKH VWDOO SUHYHQWLRQ OHYHOï 7KHUHIRUHñ WKH DX LOLDU LQSXW DQG RYHUULGH IXQFWLRQV RI WHUPLQDO ì DUH QRW DFWLYDWHGï õèô6WDOO SUHYHQWLRQ RSHUDWLRQ VHOHFWLRQ 3Uï ìèéñ ìèç 20021 3Uï ìèç FDQ EH VHW WR GLVDEOH WKH VWDOO SUHYHQWLRQ RSHUDWLRQ õIDVWðUHVSRQVH FXUUHQW OLPLW IXQFWLRQô RU WR VWRS RSHUDWLRQ ZLWK WKH 2 VLJQDO RXWSXWï 6HWWLQJ H DPSOH DQîSXPS ïïïïïïïïïï í OHYD...

Page 116: ...RQîGHFHOHUDWLRQ WLPH LV VKRUWñ WKH VWDOO SUHYHQWLRQ PD EH DFWLYDWHG DQG WKH PRWRU QRW VWRSSHG LQ WKH SUHVHW DFFHOHUDWLRQîGHFHOHUDWLRQ WLPHï 7KHUHIRUHñ VHW RSWLPXP YDOXHV IRU WKH 3Uï ìèç VWDOO SUHYHQWLRQ RSHUDWLRQ OHYHOï RU èíí ñ WKH RXWSXW YROWDJH FDQ EH UHGXFHGï KHQ WKH YROWDJH UHGXFHVñ DQ RYHUFXUUHQW WULS LV PRUH XQOLNHO WR RFFXU EXW WKH WRUTXH UHGXFHVï KHQ WKH UHGXFWLRQ LQ WRUTXH ZLOO QRW JLYH ...

Page 117: ...SRLQWV WR EH DYRLGHGñ QRW D MXPS YDOXHï õêô XPS SRLQW Q WKH MXPS UDQJHñ VHW WKH MXPS SRLQW DW ZKLFK RSHUDWLRQ LV SHUIRUPHGï I WKH MXPS UDQJH VHWWLQJ LV EHWZHHQ êë DQG êå ñ IRU H DPSOHñ GHWHUPLQH DW ZKLFK IUHTXHQF ñ êë RU êå ñ WKH RSHUDWLRQ LV WR EH SHUIRUPHG ZKHQ WKH IUHTXHQF VHWWLQJ VLJQDO LV ZLWKLQ WKH DERYH UDQJHï 7KLV MXPS SRLQW LV GHILQHG E WKH IUHTXHQF VHW LQ 3Uï êìñ 3Uï êê RU 3Uï êè õIUHTXH...

Page 118: ...URXS RSHUDWLRQ 2 2YHUORDG DODUP õ 3Uï ìäê êô ODUP FRGH ELW ì 6HFRQG JURXS RSHUDWLRQ 8 UHTXHQF GHWHFWLRQ õ 3Uï ìäé éô ODUP FRGH ELW í XULQJ QRUPDO RSHUDWLRQ ïïï 5XQQLQJ VWDWXV VLJQDO õ6DPH DV LQ VHWWLQJ RI íô õ1RWH ìô W DODUP RFFXUUHQFH ïïï ODUP FRGH VLJQDO õ1RWH ëô LUVW JURXS RSHUDWLRQ 1RWHã ìï 7KH UXQQLQJ VWDWXV VLJQDO õVHWWLQJ íô FKDQJHV DFFRUGLQJ WR WKH RXWSXW WHUPLQDO DVVLJQPHQW VHW LQ 3Uï ìäì...

Page 119: ...O IXQFWLRQ VHOHFWLRQ QGLFDWHG E DQDORJ PHWHU IURP WHUPLQDO 0 ì õRXWSXW IUHTXHQF LQGLFDWHG LQ ô ëô QDORJ PRQLWRULQJ UHIHUHQFH VHWWLQJ 3Uï èèñ èç PRQJ WKH DQDORJ GLVSOD V õ38 OHYHO GLVSOD ñ 0 WHUPLQDO DQG 0 WHUPLQDOôñ WKH IXOOðVFDOH YDOXH FDQ EH VHW LQ 3Uï èè õIUHTXHQF ô DQG 3Uï èç õFXUUHQWô IRU WKH IROORZLQJ IUHTXHQF DQG FXUUHQW GLVSOD GDWDã QDORJ 0RQLWRULQJ XQFWLRQV 3DUDPHWHU 1XPEHU 1DPH 6HWWLQJ 5...

Page 120: ...YDOXH 9 ìë ó ìë ìë ìë éíí9 RU åíí9 QSXW SRZHU N ìê ó ìê ìê ìê 5DWHG SRZHU RI LQYHUWHU UDWLQJ u ë 2XWSXW SRZHU N ìé ó ìé ìé ìé 5DWHG SRZHU RI LQYHUWHU UDWLQJ u ë QSXW WHUPLQDO VWDWXV u ó u u u 2XWSXW WHUPLQDO VWDWXV u ó u u u RDG PHWHUóó ø ìæ ìæ ìæ ìæ ìæ 3Uï èç 0RWRU H FLWLQJ FXUUHQW ìå ìå ìå ìå ìå 3Uï èç 3RVLWLRQ SXOVH ìä ìä u u u XPXODWLYH RSHUDWLRQ WLPH KU ëí ëí u u u 5HIHUHQFH YROWDJH RXWSXW u ...

Page 121: ...UDWLRQ SDQHO õ 5ð 8íéô LV XVHGñ WKH GLVSOD XQLW LV ñ 9 RU RQO ï ììï7KH RULHQWDWLRQ VWDWXV IXQFWLRQV ZKHQ WKH 5ð è 3 RSWLRQ LV XVHGï I WKH RSWLRQ LV QRW XVHGñ ûëëû PD EH VHW LQ 3Uï èë DQG WKH YDOXH GLVSOD HG UHPDLQV ûíû DQG WKH IXQFWLRQ LV LQYDOLGï ìëï6LQFH ìééí SXOVHVîVHF DUH RXWSXW IURP WKH 0 WHUPLQDO ZKHQ ûëìû LV VHW LQ 3Uï èéñ D ìP DPPHWHU FDQ EH FRQQHFWHG WR WKH 0 WHUPLQDO IRU XVH DV DQ 0 RXWS...

Page 122: ...IHU DV LQGLFDWHG EHORZã 3Uï èë í ìíí XULQJ RSHUDWLRQîGXULQJ VWRS XULQJ VWRS XULQJ RSHUDWLRQ 2XWSXW IUHTXHQF 2XWSXW IUHTXHQF 6HW IUHTXHQF 2XWSXW IUHTXHQF 2XWSXW FXUUHQW 2XWSXW FXUUHQW 2XWSXW YROWDJH 2XWSXW YROWDJH ODUP GLVSOD ODUP GLVSOD XULQJ DQ HUURUñ WKH RXWSXW IUHTXHQF DW HUURU RFFXUUHQFH LV VKRZQï XULQJ RXWSXW VKXWðRII õ056 VLJQDO 21ôñ WKH GDWD GLVSOD HG LV WKH VDPH DV GXULQJ D VWRSï XULQJ RII...

Page 123: ...HTXHQF XQFKDQJHGñ LQGHSHQGHQWO RI WKH FRDVWLQJ VSHHG RI WKH PRWRUï 7KLV V VWHP LV QRW D PRWRU FRDVWLQJ VSHHG GHWHFWLRQ V VWHP õIUHTXHQF VHDUFK V VWHPô DV LQ ìô LWK IUHTXHQF VHDUFKñ EXW LV D V VWHP ZKHUH WKH RXWSXW IUHTXHQF DW WKH RFFXUUHQFH RI DQ LQVWDQWDQHRXV SRZHU IDLOXUH LV RXWSXWï HQFHñ LI WKH LQVWDQWDQHRXV SRZHU IDLOXUH WLPH LV ORQJHU WKDQ íïë VHFRQGVñ WKH LQYHUWHU FDQQRW VWRUH DQG KROG WKH R...

Page 124: ... VWHP 6HOHFWLRQ RUUHVSRQGLQJ 0RGHO 3Uï çí 6HWWLQJ WHP HVFULSWLRQ 3DUDPHWHUV KDQJHG õ9DOXHVô GYDQFHG õJHQHUDOð SXUSRVHô PDJQHWLF IOX YHFWRU 9î èíí èíí í 2UGLQDU PRGH 2UGLQDU RSHUDWLRQ PRGH LQ ZKLFK SDUDPHWHUV DUH VHW LQGLYLGXDOO ï 9DOLG 9DOLG ì 6KRUWHVW DFFHOHUDWLRQî GHFHOHUDWLRQ PRGH KLOH VLPXOWDQHRXVO DFWLYDWLQJ FXUUHQW OLPLWñ PDNHV DFFHOHUDWLRQî GHFHOHUDWLRQ LQ WKH VKRUWHVW WLPHñ LQGHSHQGHQWO RI...

Page 125: ...XVO DFWLYDWLQJ FXUUHQW OLPLWñ PDNHV DFFHOHUDWLRQî GHFHOHUDWLRQ LQ WKH VKRUWHVW WLPHñ LQGHSHQGHQWO RI WKH DFFHOHUDWLRQîGHFHOHUDWLð RQ WLPH VHWWLQJï 8VH WKLV PRGH ZKHQ XVLQJ WKH EUDNH UHVLVWRU RU EUDNH XQLW IRU èíí ï XUUHQW OLPLW YDOXH ìåíø 3Uï æã DFFHOHUDWLRQ WLPH 3Uï åã GHFHOHUDWLRQ WLPH 3Uï ëëã FXUUHQW OLPLW YDOXH 9DOLG FFHOHUDWLRQî GHFHOHUDWLRQ LV PDGH LQ DGYDQFHG õJHQHUDOð SXUSRVHô PDJQHWLF IOX...

Page 126: ... WLPHôñ 3Uï å õGHFHOHUDWLRQ WLPHô DQG 3Uï ëë õFXUUHQW OLPLW OHYHOô DUH LJQRUHGï 6LQFH WKH LQYHUWHU LWVHOI DWWHPSWV WR FKDQJH WKH VKRUWHVW WLPH õí VHFRQGVô KDV EHHQ VHWñ DFFHOHUDWLRQî GHFHOHUDWLRQ LV PDGH ZLWK WKH FXUUHQW OLPLW IXQFWLRQ EHLQJ DFWLYDWHGï 7KH VKRUWHVW DFFHOHð UDWLRQîGHFHOHUDWLRQ PRGHV DQG DUH GLIIHUHQW RQO LQ WKH FXUUHQW OLPLW YDOXHï 5HWXUQ 3Uï çí WR í õRUGLQDU PRGHô WR PDNH WKH VHWW...

Page 127: ...H FXUUHQW õIDFWRU VHWWLQJ UDWHG LQYHUWHU FXUUHQWô WR MXGJH ZKHWKHU 3Uï íñ 3Uï æ DQG 3Uï å VKRXOG EH LQFUHDVHG RU GHFUHDVHGñ DQG PRUH DSSURSULDWH YDOXHV DUH FDOFXODWHG E DULWKPHWLF RSHUDWLRQï 7KH RSHUDWLRQ UHVXOWV DUH VHW LQ 3Uï íñ 3Uï æ DQG 3Uï å DV WKH RSWLPXP YDOXHV DW WKDW SRLQWï IWHU WKDWñ RSHUDWLRQ LV SHUIRUPHG XQGHU WKH FRQGLWLRQV RI 3Uï íñ 3Uï æ DQG 3Uï å VHWñ DQG PRUH DSSURSULDWH YDOXHV DU...

Page 128: ...SHUIRUP RSHUDWLRQ ZLWK WKH PLQLPXP RXWSXW SRZHUï ìô RQWURO PHWKRG IWHU WKH RXWSXW IUHTXHQF KDV EHFRPH FRQVWDQW õDFFHOHUDWLRQ RU GHFHOHUDWLRQ LV FRPSOHWHôñ WKH RXWSXW YROWDJH LV UHGXFHG JUDGXDOO DQG RSHUDWLRQ LV SHUIRUPHG ZLWK WKH RXWSXW SRZHU õSURGXFW RI FXUUHQW DQG YROWDJHô EHLQJ PLQLPXPï KHQ WKH RXWSXW FXUUHQW EHJLQV WR LQFUHDVH GXH WR WKH LQFUHDVH LQ ORDG WRUTXHñ WKH RXWSXW YROWDJH LV LQFUHDVHG...

Page 129: ...í RRVW YDOXH õøô RRVW YDOXH í 0RGH 0RGH 5HJHQHUDWLYH FXUUHQW õøô ULYLQJ FXUUHQW õøô 7RUTXH RRVW KDUDFWHULVWLF õ7RUTXH ERRVW VHWWLQJ çøô 7KH VWDUWLQJ IUHTXHQF LV IDFWRU ðVHW WR ë ñ WKH FXUUHQW OLPLW OHYHO WR ìèíø õRU ìåíøôñ DQG WKH EDVH IUHTXHQF YROWDJH WR ëëí9ï HQFHñ WKH 3Uï ìê õVWDUWLQJ IUHTXHQF ôñ 3Uï ìä õEDVH IUHTXHQF YROWDJHô DQG 3Uï ëë õFXUUHQW OLPLW YDOXHô YDOXHV DUH LJQRUHGï 7KH HOHYDWRU PR...

Page 130: ...IHUHQW LQ FDSDFLW ñ IRU H DPSOHñ DQG LW LV GHVLUHG WR GHILQH WKH PRWRU UDWLQJ DV UHIHUHQFHñ VHW WKH UHIHUHQFH FXUUHQW YDOXH LQ WKLV SDUDPHWHUï 3Uï çé ã8VHG WR VHW WKH VWDUWLQJ IUHTXHQF õ ô LQ WKH HOHYDWRU PRGHï ääää ã 6WDUWLQJ IUHTXHQF LV VHW WR ë ï í WR ìí ã 6HW YDOXH LV WKH VWDUWLQJ IUHTXHQF õ ôï 6HW WKLV SDUDPHWHU ZKHQ LW LV GHVLUHG WR LQFUHDVHî GHFUHDVH WKH VWDUWLQJ WRUTXHï õèô UDNH VHTXHQFH P...

Page 131: ... 3Uï çåñ WKH LQYHUWHU UHVWDUWV DJDLQ DIWHU WKH WLPH VHW LQ 3Uï çå KDV HODSVHGï KHQ UHWULHV DUH PDGH PRUH WKDQ WKH QXPEHU RI WLPHV VHW LQ 3Uï çæ õõVHWWLQJ ð ìííô WLPHV ZKHQ WKH VHWWLQJ LV DQ RI ìíì WR ììíôñ UHWU FRXQW H FHVV DODUP ï5 7 FDXVHV WKH LQYHUWHU RXWSXW WR VWRSï 1RWHã ìï I DQ 3 RU 897 DODUP KDV RFFXUUHG ZLWK WKH IXQFWLRQ RI DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH EHLQJ VHOHFWHG...

Page 132: ...3 z z ï897 z z ï 1 ï z z ï z z ï ï2 7 z ï2 7 z z ï237 z z ï23ì z z ï23ë z z ï23ê z z ï 3 z z ï38 ï5 7 ï 38 ï0 ì z z ï0 ë z z ï0 ê z z ï0 é z z ï0 è z z ï0 ç z z ï0 æ z z ï3ëé ï 7 1RWHã z LQGLFDWHV WKH HUURUV VHOHFWHG IRU UHWU ï ëô èíí UURUV 5HVHW IRU 5HWU 3Uï çè 6HWWLQJ LVSOD 0 1 2 3 ï2 ì z z z ï2 ë z z z ï2 ê z z z ï29ì z z z ï29ë z z z ï29ê z z z ï7 0 z ï7 7 z ï 1 ï z ï2 7 z ï2 7 z ï237 z ï 3 z ...

Page 133: ...HFWLRQ ìïìïì õëôïô í ëN éN çN åN ìíN ìëN í ë é í çN ëN éN ìëN åN ìíN 1RLVH OHYHO 7LPH V UHTXHQF í ëN éN çN åN ìíN ìëN í ë é í çN ëN éN ìëN åN ìíN 1RLVH OHYHO 7LPH V UHTXHQF õDô LWK 6RIWð3 0 LVWULEXWHG IUHTXHQF FRPSRQHQWV SURYLGH DQ LQRIIHQVLYH WRQH ZLWK OLWWOH PHWDOOLF VRXQGï õEô LWKRXW 6RIWð3 0 RQFHQWUDWHG IUHTXHQF FRPSRQHQWV SURYLGH DQ RIIHQVLYH PHWDOOLF VRXQGï 0RWRU 1RLVH DWD DPSOHV õ6 ð 5 éðSR...

Page 134: ...VHGñ XVH WKLV IXQFWLRQ DIWHU SHUIRUPLQJ RIIOLQH DXWR WXQLQJ ZLWK WKH DXWR WXQLQJ IXQFWLRQ õUHIHU WR 6HFWLRQ ìïçïëçôï x 7KH QXPEHU RI PRWRU SROHV LV DQ RI ëñ é RU çï õé SROHV RQO IRU WKH FRQVWDQWðWRUTXH PRWRUô x 6LQJOHðPRWRU RSHUDWLRQ õRQH PRWRU IRU RQH LQYHUWHUô LV SHUIRUPHGï x 7KH ZLULQJ OHQJWK EHWZHHQ WKH LQYHUWHU DQG PRWRU LV ZLWKLQ êíPï õ I WKH OHQJWK LV RYHU êíPñ SHUIRUP RIIOLQH DXWR WXQLQJ Z...

Page 135: ...V ìåð6 WR FKRRVH 9î FRQWURO LI RX KDYH VHW WKH QXPEHU RI PRWRU SROHVï ìëã RUUHVSRQGLQJ WR ëðSROH PRWRU ìéã RUUHVSRQGLQJ WR éðSROH PRWRU ìçã RUUHVSRQGLQJ WR çðSROH PRWRU õéô LQH DGMXVWPHQW PHWKRG IRU DGYDQFHG PDJQHWLF IOX YHFWRU FRQWURO RU DGMXVWPHQW RI PRWRU VSHHG IOXFWXDWLRQ GXH WR ORDG YDULDWLRQï 3Uï åä FDQ EH XVHG WR DGMXVW PRWRU VSHHG IOXFWXDWLRQ ZKHQ WKH ORDG YDULHVï õ KHQ RX KDYH FKDQJHG WKH...

Page 136: ...LRQï x 7KH PRWRU FDSDFLW LV HTXDO WR RU RQH UDQN ORZHU WKDQ WKH LQYHUWHU FDSDFLW ï 1RWH WKDW WKH PRWRU FDSDFLW VKRXOG EH íïìN RU PRUHï x 7KH QXPEHU RI PRWRU SROHV LV DQ RI ëñ éñ RU çï õé SROHV RQO IRU WKH FRQVWDQWðWRUTXH PRWRUï 7KH QXPEHU RI SROHV QHHG QRW EH VHWïô x 6LQJOHðPRWRU RSHUDWLRQ õRQH PRWRU IRU RQH LQYHUWHUô LV SHUIRUPHGï x 7KH ZLULQJ OHQJWK EHWZHHQ WKH LQYHUWHU DQG PRWRU LV ZLWKLQ êíPï ...

Page 137: ...RWRU ìç RQVWDQWðWRUTXH PRWRU HOWD FRQQHFWLRQ LUHFW LQSXW RI PRWRU FRQVWDQWV HQDEOHG æ 6WDQGDUG PRWRU ìæ RQVWDQWðWRUTXH PRWRU 6WDU FRQQHFWLRQ å 6WDQGDUG PRWRU æì SSOLHG PRWRU õ1RWH ìô í WR çñ ìê WR ìçñ ëíñ ëêñ ëé ìå RQVWDQWðWRUTXH PRWRU HOWD FRQQHFWLRQ LUHFW LQSXW RI PRWRU FRQVWDQWV ò RIIOLQH DXWR WXQLQJ ääää åë 0RWRU H FLWLQJ FXUUHQW í WR èíí ñ ääää í WR èíí 0RWRU H FLWLQJ FXUUHQW õ ô FDQ EH VHW D...

Page 138: ...DOXHV PHDVXUHG E DXWR WXQLQJ DUH VHW DXWRPDWLFDOO ï õìô KHFNLQJ WKH ZLULQJ DQG ORDG HIRUH VWDUWLQJ WKH DXWR WXQLQJñ PDNH WKH IROORZLQJ FKHFNVã ìô 0DNH VXUH WKDW WKH PRWRU LV FRQQHFWHG DQG DGYDQFHG õJHQHUDOðSXUSRVHô PDJQHWLF IOX YHFWRU FRQWURO LV VHOHFWHGï 1RWH WKDW ZKHQ WKH WXQLQJ LV VWDUWHGñ WKH PRWRU VKRXOG EH DW D VWRSï ëô XWR WXQLQJ PD EH PDGH LI WKH PRWRU LV FRQQHFWHG ZLWK D ORDG õHïJï IULFWL...

Page 139: ... WLPH VHWWLQJV DV LQGLFDWHG EHORZã XWR WXQLQJ WLPH DFFHOHUDWLRQ WLPH ò GHFHOHUDWLRQ WLPH ò DSSUR LPDWHO êí VHFRQGV ëï KHQ ûìíìû LV VHW LQ 3Uï äçñ JXDUG DJDLQVW KD DUG EHFDXVH WKH PRWRU URWDWHVï êï XULQJ DXWR WXQLQJñ WKH î2 VLJQDO VWDWHV DUH DV LQGLFDWHG EHORZã RU èíí RU èíí 9DOLG VLJQDOV 9DOLG WHUPLQDOV 9DOLG VLJQDOV 9DOLG WHUPLQDOV QSXW VLJQDOV 6723 2 056 57ñ 6 5 6 67 î675 2XWSXW WHUPLQDOV 581 2 ...

Page 140: ...OD õ RU LQYHUWHU WULSô ìï 6HWWLQJ ëï 7XQLQJ LQ SURJUHVV êï RPSOHWLRQ UURUðDFWLYDWHG HQG ì ë ê LVSOD HG YDOXH õ1RWHô ìíì ìíë ìíê ä 1RWHã RU èíí ñ ìíì WR ìíê DUH QRW GLVSOD HGï z 3DUDPHWHU XQLW õ 5ð38íéô PDLQ PRQLWRU õ RU LQYHUWHU WULSô ìï 6HWWLQJ ëï 7XQLQJ LQ SURJUHVV êï RPSOHWLRQ UURUðDFWLYDWHG HQG 6723 38 ì 38 ë 67 781 6723 38 ê 67 781 203 7 21 LVSOD õ1RWHô 6723 38 ìíì 38 ìíë 67 781 6723 38 ìíê 6...

Page 141: ... RSHUDWLRQñ PDNH VXUH WKDW WKH IROORZLQJ SDUDPHWHU YDOXHV KDYH EHHQ VHWã 3DUDPHWHU 1XPEHU HVFULSWLRQ ä õ8VHG DV HLWKHU WKH UDWHG PRWRU FXUUHQW RU HOHFWURQLF RYHUFXUUHQW SURWHFWLRQ SDUDPHWHUô æì SSOLHG PRWRU åí 0RWRU FDSDFLW õGRZQ WR RQH UDQN ORZHUñ EHWZHHQ íïéN DQG èèN ô åì 1XPEHU RI PRWRU SROHV éô LYH WKH UXQ FRPPDQG LQ WKH 38 RU H WHUQDO RSHUDWLRQ PRGHï 1RWHã ìï I DQ RI WKH LQYHUWHU VWDUWLQJ FRQ...

Page 142: ...QW LV VPDOOñ IRU H DPSOHñ D ODUJH WRUTXH LV UHTXLUHG DW VWDUWðXS RQO ñ WKHUHIRUH VHW D 9î SDWWHUQ ZKLFK ZLOO LQFUHDVH WKH YROWDJH RQO LQ WKH ORZ VSHHG UDQJH ï 0 9î è 9î é 9î ê 9î ë 9î ì 9ROWDJH UHTXHQF 7RUTXH ERRVW õ 3Uï íô DVH YROWDJH õ 3Uï ìäô DVH IUHTXHQF õ 3Uï êô 1RWH ìã KHQ YDOXHV RWKHU WKDQ ääää KDYH EHHQ VHW LQ ERWK 3Uï åí DQG 3Uï åìñ WKH VHWWLQJ RI WKH èðSRLQW IOH LEOH 9î FKDUDFWHULVWLF LV...

Page 143: ...HFWRUï 6HW WKH LQYHUWHU VWDWLRQ QXPEHUV ZKHQ WZR RU PRUH LQYHUWHUV DUH FRQQHFWHG WR RQH SHUVRQDO FRPSXWHUï í éå éåíí EDXG äç äçíí EDXG ììå RPPXQLFDWLRQ VSHHG ìäë ìäëíí EDXG í 6WRS ELW OHQJWK ì ELW å ELWV ì 6WRS ELW OHQJWK ë ELWV ìí 6WRS ELW OHQJWK ì ELW ììä 6WRS ELW OHQJWKî GDWD OHQJWK æ ELWV ìì 6WRS ELW OHQJWK ë ELWV í EVHQW ì 2GG SDULW SUHVHQW ìëí 3DULW FKHFN SUHVHQFHî DEVHQFH ë YHQ SDULW SUHVHQ...

Page 144: ... EVHQW EVHQW EVHQW 1R HUURU 1R SURFHVVLQJ EVHQW EVHQW EVHQW EVHQW èô QVZHU IURP FRPSXWHU LQ UHVSRQVH WR UHSO GDWD ê õ DWD ê LV FKHFNHG IRU HUURUô LWK HUURU GDWD ê LV RXWSXW EVHQW EVHQW EVHQW EVHQW õêô DWD IRUPDW H DGHFLPDO GDWD LV XVHGï DWD LV DXWRPDWLFDOO WUDQVIHUUHG LQ 6 EHWZHHQ WKH FRPSXWHU DQG LQYHUWHUï DWD IRUPDW W SHV ìô RPPXQLFDWLRQ UHTXHVW GDWD IURP FRPSXWHU WR LQYHUWHU óê 14 óé ì ë ê é è ...

Page 145: ... õ6WDUW RI GDWDô 7 íê QG RI 7H W õ QG RI GDWDô 14 íè QTXLU õ RPPXQLFDWLRQ UHTXHVWô íç FNQRZOHGJH õ1R GDWD HUURU GHWHFWHGô í LQH HHG 5 í DUULDJH 5HWXUQ 1 ìè 1HJDWLYH FNQRZOHGJH õ DWD HUURU GHWHFWHGô ëô QYHUWHU VWDWLRQ QXPEHU 6SHFLI WKH VWDWLRQ QXPEHU RI WKH LQYHUWHU ZKLFK FRPPXQLFDWHV ZLWK WKH FRPSXWHUï êô QVWUXFWLRQ FRGH 6SHFLI WKH SURFHVVLQJ UHTXHVW õHïJï RSHUDWLRQñ PRQLWRULQJô JLYHQ E WKH FRPSXW...

Page 146: ...KHQ WKH GDWD IURP WKH FRPSXWHU KDV DQ HUURUñ WKH LQYHUWHU ZLOO QRW DFFHSW WKDW GDWDï ëï Q GDWD FRPPXQLFDWLRQñ HïJï UXQ FRPPDQGñ PRQLWRULQJñ LV VWDUWHG ZKHQ WKH FRPSXWHU JLYHV D FRPPXQLFDWLRQ UHTXHVWï LWKRXW WKH FRPSXWHUöV FRPPDQGñ WKH LQYHUWHU GRHV QRW UHWXUQ DQ GDWDï RU PRQLWRULQJñ WKHUHIRUHñ GHVLJQ WKH SURJUDP WR FDXVH WKH FRPSXWHU WR SURYLGH D GDWD UHDG UHTXHVW DV UHTXLUHGï êï DWD IRU OLQN SDUD...

Page 147: ...SHQLQJ ã LUFXLW FRQWURO VLJQDO õ56ñ 5ô 21î2 VHWWLQJ ã QWHUUXSW GHILQLWLRQ DW GDWD UHFHLYH ã QWHUUXSW HQDEOH 7UDQVPLVVLRQ GDWD VHWWLQJ ã GGLWLRQ RI FRQWURO DQG VXP FRGHV DWD WUDQVPLVVLRQ QWHUUXSW GDWD UHFHLYH ã QWHUUXSW RFFXUUHQFH DW GDWD UHFHLYH 5HFHLYH GDWD SURFHVVLQJ DWD LPSRUW 6FUHHQ GLVSOD HQHUDO IORZFKDUW LQH QXPEHU ìí éí èí ìéí QSXW ILOH LQLWLDO VHWWLQJ 7UDQVPLVVLRQ GDWD SURFHVVLQJ DWD VHWWL...

Page 148: ... é GLJLWV 6SHFLDO PRQLWRU æë íííí WR ã 0RQLWRUHG GDWD VHOHFWHG E LQVWUXFWLRQ FRGH ê é GLJLWV íì WR í 0RQLWRU VHOHFWLRQ GDWD DWD HVFULSWLRQ QFUHPHQWV DWD HVFULSWLRQ QFUHPHQWV íì 2XWSXW IUHTXHQF íïíì íä 5HJHQHUDWLYH EUDNH íïìø 5HDG æê íë 2XWSXW FXUUHQW íïíì í OHFWURQLF RYHUFXUUHQW SURWHFWLRQ ORDG IDFWRU íïìø íê 2XWSXW YROWDJH íïì9 í 2XWSXW FXUUHQW SHDN YDOXH íïíì íè UHTXHQF VHWWLQJ íïíì í RQYHUWHU R...

Page 149: ...UHVHW RQ VWDUW RI FRPPXQLFDWLRQ E WKH FRPSXWHUñ WKH LQYHUWHU FDQQRW VHQG UHSO GDWD EDFN WR WKH FRPSXWHUï é GLJLWV OO SDUDPHWHUV UHWXUQ WR WKH IDFWRU VHWWLQJVï Q RI IRXU GLIIHUHQW FOHDU RSHUDWLRQV LV SHUIRUPHG DFFRUGLQJ WR WKH GDWDï 3Uï DWD RPPXQLFDWLRQ 3Uï DOLEUDWLRQ 2WKHU 3Uï ê äçäç u ääçç è è u u èè u æ OO FOHDU KHQ DOO SDUDPHWHU FOHDU LV H HFXWHG IRU äçäç RU ääççñ FRPPXQLFDWLRQð UHODWHG SDUDPHW...

Page 150: ...FKHFN HUURU 7KH VXP FKHFN FRGH LQ WKH FRPSXWHU GRHV QRW PDWFK WKDW RI WKH GDWD UHFHLYHG E WKH LQYHUWHUï ê 3URWRFRO HUURU DWD UHFHLYHG E WKH LQYHUWHU LV LQ WKH ZURQJ SURWRFROñ GDWD UHFHLYH LV QRW FRPSOHWHG ZLWKLQ WKH JLYHQ WLPHñ RU 5 DQG DUH QRW DV VHW LQ WKH SDUDPHWHUï é UDPLQJ HUURU 7KH VWRS ELW OHQJWK LV QRW DV VSHFLILHGï è 2YHUUXQ HUURU 1HZ GDWD KDV EHHQ VHQW E WKH FRPSXWHU EHIRUH WKH LQYHUWHU ...

Page 151: ...HUVï ëï W RFFXUUHQFH RI 56ðéåè FRPPXQLFDWLRQ IDXOWñ WKH LQYHUWHU FDQQRW EH UHVHW IURP WKH FRPSXWHUï êï V VHW LQ 3Uï æèï éï V VHW LQ 3Uï ææï èï èíí GRHV QRW KDYH DQ LQERDUG RSWLRQï õäô2SHUDWLRQ DW DODUP RFFXUUHQFH 2SHUDWLRQ 0RGH DXOW RFDWLRQ HVFULSWLRQ RPPXQLFDWLRQ 2SHUDWLRQ õ38 FRQQHFWRUô WHUQDO 2SHUDWLRQ RPSXWHU OLQN 2SHUDWLRQ õLQERDUG RSWLRQ XVHGô QYHUWHU RSHUDWLRQ 6WRS 6WRS 6WRS 38 FRQQHFWRU RQ...

Page 152: ...DEOH DV WKDW IRU WKH SURSRUWLRQDO õ3ô DFWLRQï V WKH LQWHJUDO WLPH GHFUHDVHVñ WKH VHW SRLQW LV UHDFKHG HDUOLHU EXW KXQWLQJ RFFXUV PRUH HDVLO ï ì V ìêí 3 LQWHJUDO WLPH ääää 1R LQWHJUDO FRQWUROï í WR ìííø 6HW WKH XSSHU OLPLWï I WKH IHHGEDFN YDOXH H FHHGV WKH VHWWLQJñ WKH 83 VLJQDO LV RXWSXWï õ3URFHVV YDOXH RI éP LV HTXLYDOHQW WR íø DQG ëíP WR ìííøïô ìêì 8SSHU OLPLW ääää 1R IXQFWLRQ í WR ìííø 6HW WKH ...

Page 153: ...FWLRQ DFWLRQ 3 DFWLRQ 6HW SRLQW HYLDWLRQ 3URFHVV YDOXH êô 3 DFWLRQ 7KH 3 DFWLRQ DQG 3 DFWLRQ DUH FRPELQHG WR XWLOL H WKH DGYDQWDJHV RI ERWK DFWLRQV IRU FRQWUROï 1RWHã 7KH 3 DFWLRQ LV WKH VXP RI 3 DQG DQG DFWLRQVï éô 5HYHUVH DFWLRQ QFUHDVHV WKH PDQLSXODWHG YDULDEOH õRXWSXW IUHTXHQF ô LI GHYLDWLRQ õVHW SRLQW ð SURFHVV YDOXHô LV SRVLWLYHñ DQG GHFUHDVHV WKH PDQLSXODWHG YDULDEOH LI GHYLDWLRQ LV QHJDWLY...

Page 154: ...LRQ VLJQDO LQSXW QWHU WKH GHYLDWLRQ VLJQDO FDOFXODWHG H WHUQDOO ï QSXW é é 3URFHVV YDOXH LQSXW QWHU WKH é WR ëíP SURFHVV YDOXH VLJQDO IURP WKH GHWHFWRUï 83 8SSHU OLPLW RXWSXW 2XWSXW WR LQGLFDWH WKDW WKH SURFHVV YDOXH VLJQDO H FHHGHG WKH XSSHU OLPLW YDOXHï 1 RZHU OLPLW RXWSXW 2XWSXW WR LQGLFDWH WKDW WKH SURFHVV YDOXH VLJQDO H FHHGHG WKH ORZHU OLPLW YDOXHï õ 3Uï ìëå ëíñ ëìô 5 HSHQGLQJ RQ 3Uï ìäì WR ...

Page 155: ... RQ WKH VWDUW VLJQDOï V WKH SURFHVV YDOXH VWHDG GMXVW SDUDPHWHUVï 6HW WKH SURSRUWLRQDO EDQG DQG LQWHJUDO WLPH WR VOLJKWO KLJKHU YDOXHV DQG VHW WKH GLIIHUHQWLDO WLPH WR D VOLJKWO ORZHU YDOXH WR VWDELOL H WKH SURFHVV YDOXHï 1 2SWLPL H SDUDPHWHUVï KLOH WKH SURFHVV YDOXH LV VWHDG ñ WKH SURSRUWLRQDO EDQG DQG LQWHJUDO WLPH PD EH UHGXFHG DQG WKH GLIIHUHQWLDO WLPH LQFUHDVHG WKURXJKRXW WKH RSHUDWLRQï xxxxx...

Page 156: ...SRLQW VHWWLQJ HWHFWLRQ YDOXH HYLDWLRQ õøô 0DQLSXODWHG YDULDEOH 0DQLSXODWHG YDULDEOH õ ô 1RWHã ìï I WKH PXOWLðVSHHG õ5 ñ 50ñ 5 ô VLJQDO RU MRJ RSHUDWLRQ õMRJô VLJQDO LV HQWHUHG ZLWK WKH ìé VLJQDO RQñ 3 FRQWURO LV VWRSSHG DQG PXOWLðVSHHG RU MRJ RSHUDWLRQ LV VWDUWHGï ëï KHQ ûëíû RU ûëìû LV VHW LQ 3Uï ìëåñ QRWH WKDW WKH LQSXW DFURVV LQYHUWHU WHUPLQDOV ìðè LV DGGHG WR WKH VHW SRLQW DFURVV WHUPLQDOV ëðè...

Page 157: ...V õIRU GHWDLOVñ UHIHU WR WKH QH W SDJHô FURVV 0 ìð6 ã 2XWSXWV WKH LQYHUWHU LQSXW VLGH PDJQHWLF FRQWDFWRU 0 ì RSHUDWLRQ WLPLQJ VLJQDOï FURVV 0 ëð6 ã 2XWSXWV WKH LQYHUWHU RXWSXW VLGH PDJQHWLF FRQWDFWRU 0 ê RSHUDWLRQ WLPLQJ VLJQDOï FURVV 0 êð6 ã 2XWSXWV WKH FRPPHUFLDO SRZHU VXSSO RSHUDWLRQ PDJQHWLF FRQWDFWRU 0 ë RSHUDWLRQ WLPLQJ VLJQDOï õëô2SHUDWLRQ PHWKRG ìô 7R SHUIRUP FRPPHUFLDO SRZHU VXSSO RSHUDWL...

Page 158: ...ðððððððððððððð21 RPPHUFLDO SRZHU VXSSO ð LQYHUWHU RSHUDWLRQ GLVDEOH ðððððððððððððððððððððððððððððððð2 u 8QFKDQJHG 6 HSHQGLQJ RQ 3Uï ìåí WR 3Uï ìåç QYHUWHUðFRPPHUFLDO SRZHU VXSSO VZLWFKðRYHU QYHUWHU RSHUDWLRQ 21 RPPHUFLDO SRZHU VXSSO RSHUDWLRQ ððððððððððððððððð2 u u 67 õ675ô 67 õ675ô QYHUWHU RSHUDWLRQ FRPPDQG õLQYDOLG IRU FRPPHUFLDO SRZHU VXSSO ô õ1RWHô RUZDUG õUHYHUVHô URWDWLRQ ððððððððððððððððððð...

Page 159: ...RUV HTXLSSHG ZLWK PDFKLQH LQWHUORFN PHFKDQLVP DV WKH LQYHUWHU RXWSXW VLGH 0 ê DQG FRPPHUFLDO SRZHU VXSSO RSHUDWLRQ VLGH 0 ëï õéô3DUDPHWHU VHWWLQJ 6HOHFW ZKHWKHU WKH FRPPHUFLDO SRZHU VXSSO ð LQYHUWHU VZLWFKðRYHU VHTXHQFH IXQFWLRQ LV DFWLYDWHG RU QRWï KHQ WKH VHWWLQJ LV í õFRPPHUFLDO SRZHU VXSSO ðLQYHUWHU VZLWFKðRYHU VHTXHQFH IXQFWLRQ LV QRW VHOHFWHGôñ WKH LQYHUWHU RSHUDWHV DV DQ RUGLQDU LQYHUWHU ZK...

Page 160: ...HFWHG DIWHU WKH LQYHUWHU RSHUDWLRQ 0 KDV WXUQHG RQï I WKH WLPH VHWWLQJ LV VKRUWHU WKDQ WKH 0 ê WXUQðRQ WLPHñ WKH FRDVWLQJ WLPH FDQQRW EH GHWHFWHG SURSHUO DQG DQ DODUP PD WDNH SODFHï KHQ WKH IXQFWLRQ RI DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH LV QRW VHOHFWHGñ WKH LQYHUWHU VWDUWV DW WKH VWDUWLQJ IUHTXHQF DIWHU WKH WLPH VHW LQ 3Uï ìêæ KDV HODSVHGï õèô QVWUXFWLRQV ìô 0DLQ FLUFXLWï 1RWH WKH...

Page 161: ... WKH WHUPLQDO XVHG IRU ìê VLJQDO RXWSXWïô KHQ WKH LQYHUWHUöV RXWSXW FXUUHQW IDOOV WR ûíûñ WRUTXH ZLOO QRW EH JHQHUDWHGï 7KLV PD FDXVH D JUDYLW GURS ZKHQ WKH LQYHUWHU LV XVHG LQ YHUWLFDO OLIW DSSOLFDWLRQï 7R SUHYHQW WKLVñ WKH RXWSXW FXUUHQW û HURû VLJQDO FDQ EH RXWSXW IURP WKH LQYHUWHU WR FORVH WKH PHFKDQLFDO EUDNH ZKHQ WKH RXWSXW FXUUHQW KDV IDOOHQ WR û HURûï 2 21 2 21 2 21 ìííPV 2XWSXW FXUUHQW í ...

Page 162: ...é 21752 3 1 021 7 38 9 5 9 ìô ëô êô éô èô 6 7 6 7 ìïè V 7KH QXPEHU RI SDUDPHWHUV UHJLVWHUHG IRU XVHU VHWWLQJ DSSHDUVï 8VLQJ WKH 83î 2 1 NH ñ FKRRVH WKH SDUDPHWHU QXPEHU WR EH UHJLVWHUHGï 8VLQJ WKH 83î 2 1 NH ñ PRYH WR WKH QH W SDUDPHWHU WR EH UHJLVWHUHGï 8VLQJ WKH 6 7 NH ñ PDNH UHJLVWUDWLRQï ïïïïï OLFNHULQJ ïïïïï ïïïïï ïïïïï 3Uï ìæê UHDGLQJ 3Uï ê LV UHJLVWHUHG WR XVHU JURXS ìï õëô3DUDPHWHU GHOHWLR...

Page 163: ...LVWHUHGï õìô7R VHW ûìû LQ 3Uï æ DQG ûëû LQ 3Uï å DV XVHUöV LQLWLDO YDOXHVï õ2SHUDWLRQ IURP WKH 5ð 8íéô çô 7KURXJK WKH DERYH VWHSVñ WKH LQLWLDO YDOXHV RI 3Uï æ DQG 3Uï å DUH UHJLVWHUHGï ìô 6HW ûìû õWDUJHW LQLWLDO YDOXHô LQ 3Uï æï ëô 6HW ûëû õWDUJHW LQLWLDO YDOXHô LQ 3Uï åï êô 3UHVV WKH 6 7 NH WR UHDG 3Uï ìääï 7KH QXPEHU RI SDUDPHWHUV KDYLQJ XVHUöV LQLWLDO YDOXHV DUH WKHQ GLVSOD HGï éô XUWKHU SUHVV ...

Page 164: ... 5RWDWLRQ LUHFWLRQ 5XQQLQJ UHTXHQF 7LPH RI D 3DUDPHWHU 1XPEHU 1DPH 6HWWLQJ UDQJH DFWRU VHWWLQJ 6HWWLQJ UDQJH DFWRU VHWWLQJ 6HWWLQJ UDQJH DFWRU VHWWLQJ ëíì 3URJUDP ì VHW ëíë 3URJUDP ë VHW ëíê 3URJUDP ê VHW ëíé 3URJUDP é VHW ëíè 3URJUDP è VHW ëíç 3URJUDP ç VHW ëíæ 3URJUDP æ VHW ëíå 3URJUDP å VHW ëíä 3URJUDP ä VHW ëìí URXS ì 3URJUDP ìí VHW íã 6WRS ìã RUZDUG URWDWLRQ ëã 5HYHUVH URWDWLRQ í ääääã 1R VHW...

Page 165: ...VWRS GXULQJ WKH IDQ 21 FRPPDQG RU WKH IDQ VWDUWV GXULQJ WKH IDQ 2 FRPPDQGï 1RWHã 1RW SURYLGHG IRU èíí ï ìïçïêä 6WRS VHOHFWLRQ 3Uï ëèí 20021 8VHG WR VHOHFW WKH VWRSSLQJ PHWKRG õGHFHOHUDWLRQ WR D VWRS RU FRDVWLQJô ZKHQ WKH VWDUW VLJQDO õ67 î675ô VZLWFKHV RIIï 3DUDPHWHU 1XPEHU 1DPH 6HW 9DOXH HVFULSWLRQ DFWRU 6HWWLQJ í WR ìíí V 2XWSXW LV VKXW RII ZKHQ SUHVHW WLPH KDV HODSVHG DIWHU VWDUW VLJQDO KDG WXU...

Page 166: ...FKDQJH DV LQGLFDWHG EHORZï 67 ðððððð6WDUW VLJQDOñ 675 ððððð 5RWDWLRQ GLUHFWLRQ VLJQDO 67 675 QYHUWHU 2SHUDWLQJ 6WDWXV 2 2 2 21 6WRS 21 2 RUZDUG URWDWLRQ 21 21 5HYHUVH URWDWLRQ éô KHQ WKH 3Uï ëèí YDOXH LV EHWZHHQ ìííí WR ììíí VHFRQGVï IRU èíí ñ WKH IXQFWLRQV RI WHUPLQDOV 67 ñ 675 DUH WKH VDPH DV ZKHQ 3Uï ëèí ååååï 7KH ZD RI VWRSSLQJ ZKHQ WKH VWDUW VLJQDO WXUQV RII LV WR VKXW RII WKH RXWSXW õFRDVWLQ...

Page 167: ... ëçê 6XEWUDFWLRQ VWDUWLQJ IUHTXHQF ääää 7KH LQYHUWHU LV GHFHOHUDWHG WR D VWRSñ VWDUWLQJ DW WKH YDOXH IRXQG E VXEWUDFWLQJ WKH IUHTXHQF VHW LQ 3Uï ëçë IURP WKH RXWSXW IUHTXHQF DW RFFXUUHQFH RI XQGHUYROWDJH RU SRZHU IDLOXUHï í WR êçíí V õ 3Uï ëì íô ëçé 3RZHUðIDLOXUH GHFHOHUDWLRQ WLPH ì í WR êçí V õ 3Uï ëì ìô 6HW D GHFHOHUDWLRQ VORSH GRZQ WR WKH IUHTXHQF VHW LQ 3Uï ëççï 6HW WKH VORSH LQ WHUPV RI WLPH ...

Page 168: ...RU H DPSOH WR PLQLPL H WKH LQFRPLQJîRXWJRLQJ WLPH LQ D PXOWLðVWRU SDUNLQJ ORWï 0RUH VSHFLILFDOO ñ WKH PDJQLWXGH RI WKH ORDG LV MXGJHG DFFRUGLQJ WR WKH DYHUDJH FXUUHQW DW D FHUWDLQ WLPH DIWHU VWDUWLQJ WR SHUIRUP RSHUDWLRQ DW KLJKHU WKDQ WKH SUHVHW IUHTXHQF XQGHU OLJKW ORDGï 3DUDPHWHU 1XPEHU 1DPH 6HWWLQJ 5DQJH 0LQLPXP 6HWWLQJ QFUHPHQWV DFWRU 6HWWLQJ 5HPDUNV é LJKðVSHHG IUHTXHQF í WR éíí íïíì çí Q YD...

Page 169: ...UHJLRQñ WKH RXWSXW FXUUHQW PD LQFUHDVH LQ WKH FRQVWDQWðRXWSXW UHJLRQï ëï 1RWH WKDW ZKHQ WKH FXUUHQW LV VPDOOñ WKH IUHTXHQF ULVHV DQG WKH GHFHOHUDWLRQ WLPH LQFUHDVHVï u 3Uï è 3Uï è ì ë 67 õ675ô 6 21 2 u 3Uï è ì ë 3Uï è 3Uï é YHUDJH FXUUHQW OHVV WKDQ 3Uï ëæì DQG GULYHQ ORDG YHUDJH FXUUHQW QRW OHVV WKDQ 3Uï ëæë RU UHJHQHUDWLYH ORDG RDG 7RUTXH LJKð6SHHG UHTXHQF RQWURO 2SHUDWLRQ DPSOH 1RWHã KHQ WHUPLQD...

Page 170: ...DFW VKRXOG EH DV ORZ DV SRVVLEOH õDERXW ë ôï 7KH VHWWLQJ RI RYHU êí LV UHJDUGHG DV êí ï KHQ VWRSðRQð FRQWDFW FRQWURO LV H HUFLVHG DW WKH WLPH RI 3 IHHGEDFN FRQWUROñ 3 IHHGEDFN FRQWURO LV RYHUULGGHQ E WKH VWRSðRQðFRQWDFW FRQWURO PRGHï 6WRSðRQðFRQWDFW FRQWURO FDQ LQFUHDVH ORZðVSHHG H FLWDWLRQ IRU DGYDQFHG PDJQHWLF IOX YHFWRU FRQWURO DQG LQFUHDVH WRUTXHï 1RUPDOO VHW LW EHWZHHQ ìêí DQG åíøï WRR ODUJH ...

Page 171: ...SXWV D EUDNH FRQWURO VLJQDO IURP WKH LQYHUWHU WR RSHUDWH WKH PHFKDQLFDO EUDNH DW D SURSHU WLPHï 7R DFWLYDWH WKLV IXQFWLRQñ RX FDQ HLWKHU LQSXW RU QRW LQSXW WKH PHFKDQLFDO EUDNH RSHUDWLRQ FRQILUPDWLRQ VLJQDO WR WKH LQYHUWHUï 1RWH WKDW WKLV IXQFWLRQ LV RQO YDOLG IRU WKH H WHUQDO RSHUDWLRQ XQGHU DGYDQFHG PDJQHWLF IOX YHFWRU FRQWURO ZKLFK LV WKH PRVW DSSURSULDWH IRU YHUWLFDO OLIW DSSOLFDWLRQVñ DQG FDQ...

Page 172: ...SHUDWLRQ WLPH VHW LQ 3Uï ëåì KDV HODSVHGï 5 õ ìô 8 6 õ ëô 9 7 õ êô 0 67 5 5 6 2 6 0 ðD 0 ëé9 6WDUW VLJQDO 0XOWLðVSHHG VLJQDO UDNH RSHQLQJ FRPSOHWLRQ VLJQDO 0HFKDQLFDO EUDNH 0RWRU UDNH UHOHDVH UHTXHVW õ1RWHô 1RWHã 1RWH WKH SHUPLVVLEOH FXUUHQW RI WKH LQYHUWHUöV LQWHUQDO WUDQVLVWRUï UDNH 6HTXHQFH LUFXLW RQQHFWLRQ DPSOH W D VWRSñ WKH EUDNH RSHQLQJ UHTXHVW õ 2 ô LV WXUQHG RII ZKHQ VSHHG LV GHFUHDVHG GR...

Page 173: ...Vï OVR ZKHQ WKLV IXQFWLRQ LV VHOHFWHGñ WKH IXQFWLRQ RI DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH LV QRW DFWLYDWHGï õêô3URWHFWLYH IXQFWLRQV I DQ RI WKH IROORZLQJ HUURUV RFFXU LQ WKH EUDNH VHTXHQFH PRGHñ WKH LQYHUWHU UHVXOWV LQ DQ DODUPñ VKXWV RII WKH RXWSXW DQG VZLWFKHV RII WKH EUDNH RSHQLQJ UHTXHVW VLJQDO õ 2 WHUPLQDOôï 2Q WKH RSHUDWLRQ SDQHO õ 5ð 8íéô DQG SDUDPHWHU XQLW õ 5ð38íéô VFUHHQ...

Page 174: ...QJ WKH GURRS FRQWUROï ìô 7KLV IXQFWLRQ LV YDOLG ZKHQ 3Uï ëåç z ûíû GXULQJ XQEDODQFHG IOX YHFWRU DQG YHFWRU FRQWUROï ëô 7KLV IXQFWLRQ LV YDOLG ZKHQ WKH RSHUDWLRQ VWDWH LV FRQVWDQW VSHHG RSHUDWLRQï êô 7KH XSSHU OLPLW RI WKH GURRS FRPSHQVDWLRQ IUHTXHQF LV ìëí ï éô 7KH UDWHG FXUUHQW ZKLFK IROORZV LV WKH YDOXH VHW LQ 3Uï ä û0RWRU UDWHG FXUUHQW õHOHFWURQLF WKHUPDO 2î UHOD ôûï ìííø UHTXHQF õ ô URRS FRPSH...

Page 175: ...HWKHU WKH RSHUDWLRQ VRXQG ûEOLSû LV SURYLGHG RU QRW ZKHQ WKH RSHUDWLRQ SDQHO õ 5ð 8íéô RU SDUDPHWHU XQLW õ 5ð38íéô NH V DUH SUHVVHGï 7KH RSHUDWLRQ SDQHO RI WKH èíí GRHV QRW SURYLGH WKH RSHUDWLRQ VRXQGï 3Uï ääí 6HWWLQJ H 2SHUDWLRQ 6RXQG DFWRU 6HWWLQJ í 1RW SURYLGHG ì 3URYLGHG ìïçïéä FRQWUDVW 3Uï ääì 20021 RX FDQ DGMXVW WKH FRQWUDVW RI WKH SDUDPHWHU XQLW õ 5ð38íéô ï KDQJH WKH YDOXH ZLWK WKH 83î 2 1 ...

Page 176: ...WRSñ RYHUORDG HWFï WKH SURWHFWLYH FLUFXLW LV DFWLYDWHG WR VWRS WKH LQYHUWHU RXWSXWï XULQJ GHFHOHUDWLRQ õ2 êô 2F XULQJ HF XULQJ DFFHOHUDWLRQ õ29ìô 2Y XULQJ FF XULQJ FRQVWDQW VSHHG õ1RWH ìô õ29ëô 6WHDG 6SG 2Y 5HJHQHUDWLYH RYHUYROWDJH VKXWðRII KHQ WKH PDLQ FLUFXLW YROWDJH LQ WKH LQYHUWHU KDV UHDFKHG RU H FHHGHG WKH VSHFLILHG YDOXH GXULQJ DFFHOHUDWLRQîGHFHOHUDWLRQ RU FRQVWDQWðVSHHG RSHUDWLRQ GXH WR UH...

Page 177: ...VSHFLILHG YDOXHñ SUHðDODUP õ5 LQGLFDWLRQô RFFXUVï I WKH VSHFLILHG YDOXH LV H FHHGHGñ WKH EUDNH FLUFXLW RSHUDWLRQ LV VWRSSHG WHPSRUDULO WR SURWHFW WKH EUDNH UHVLVWRU IURP RYHUKHDWLQJï õ I WKH EUDNH LV RSHUDWHG LQ WKLV VWDWHñ UHJHQHUDWLYH RYHUYROWDJH VKXWðRII ZLOO RFFXUïô KHQ WKH EUDNH UHVLVWRU KDV FRROHGñ WKH EUDNH RSHUDWLRQ LV UHVXPHGï 1R LQGLFDWLRQ õ õ29êôô 1R LQGLFDWLRQ õ5HJHQHUDWLYH RYHUYROWDJH...

Page 178: ...LOWðLQ 38 GRHV QRW HQG ZLWKLQ D SUHGHWHUPLQHG SHULRGñ WKH LQYHUWHU VHOIðGHWHUPLQHV LW KDV DQ DODUP DQG VWRSV WKH RXWSXWï õ 38ô 38 DXOW 38 GLVFRQQHFWLRQ KHQ FRPPXQLFDWLRQ EHWZHHQ WKH LQYHUWHU DQG 38 LV VWRSSHGñ HïJï ZKHQ WKH 38 KDV EHHQ UHPRYHG DW WKH 3Uï æè VHWWLQJ RI ë RU êñ WKH LQYHUWHU RXWSXW LV VWRSSHGï õ38 ô ëé9 SRZHU RXWSXW VKRUW FLUFXLW KHQ ëé9 SRZHU RXWSXW IURP WKH 3 WHUPLQDO LV VKRUWHGñ W...

Page 179: ...UHQW KDV UHGXFHG EHORZ ìèíøñ WKH IUHTXHQF LV GHFUHDVHG DJDLQï õ2 7ô 2 FRGH LV GLVSOD HG RQ WKH PDLQ PRQLWRUï 6WOO 3UHY 673 LV GLVSOD HG DW D VWRSï DQ VWRS õ1RWH éô RU WKH LQYHUWHU ZKLFK FRQWDLQV D FRROLQJ IDQñ 1 LV GLVSOD HG RQ WKH RSHUDWLRQ SDQHO ZKHQ WKH FRROLQJ IDQ VWRSV GXH WR D IDXOW RU RSHUDWHV GLIIHUHQWO IURP WKH VHWWLQJ RI 3Uï ëéé ûFRROLQJ IDQ RSHUDWLRQ VHOHFWLRQûï 7KH LQYHUWHU GRHV QRW VW...

Page 180: ... ODUP RGH 1RUPDO RSHUDWLRQ í í í í í XULQJ DFFHOHUDWLRQ ï 2 ì í í í ì ì XULQJ FRQVWDQW VSHHG ï 2 ë í í ì í ë 2YHUFXUUHQW VKXWðRII XULQJ GHFHOHUDWLRQ ï 2 ê í í ì ì ê 5HJHQHUDWLYH RYHUYROWDJH VKXWðRII ï 29ì WR ï 29ê í ì í í é 0RWRU SURWHFWLRQ ï 7 0 í ì í ì è OHFWURQLF WKHUPDO UHOD QYHUWHU SURWHFWLRQ ï 7 7 í ì ì í ç QVWDQWDQHRXV SRZHU IDLOXUH ï 3 í ì ì ì æ 8QGHUYROWDJH ï 897 ì í í í å LQ RYHUKHDW ï 1...

Page 181: ...ô 0D LPXP FXUUHQW DOORZHG WR IORZ FRQWLQXRXVO ï 2YHUORDG FDSDFLW ððððððð õìèíø RU KLJKHUô XUUHQW DOORZHG WR IORZ IRU RQH PLQXWH FRQWLQXRXVO ï 6XIILFLHQW FRROLQJ WLPH LV UHTXLUHG IRU UHSHDWHG XVHï XUUHQW OLPLW ðððððððððð DFWLYDWLRQ õVWDOO SUHYHQWLRQ DFWLYDWLRQô FWLYDWHV WKH FXUUHQW OLPLW IXQFWLRQï 2YHUFXUUHQWððððððððððððððð VKXWðRII õëííø RU KLJKHUô FWLYDWHV WKH SURWHFWLYH FLUFXLW LQVWDQWDQHRXVO WR...

Page 182: ...VSHHG RSHUDWLRQô 7KH LQYHUWHU KDV D IXQFWLRQ IRU OLPLWLQJ WKH PRWRU FXUUHQWï I WKH FXUUHQW UHDFKHV RU H FHHGV ìèíø RI WKH UDWHG FXUUHQWñ WKH LQYHUWHU ORZHUV WKH RXWSXW IUHTXHQF GXULQJ DFFHOHUDWLRQ RU FRQVWDQWðVSHHG RSHUDWLRQ WR UHGXFH WKH ORDG FXUUHQWñ DQG ZDLWV IRU WKH GHFUHDVH RI WKH ORDG FXUUHQWï KHQ WKH FXUUHQW UHWXUQV WR ZLWKLQ ìèíøñ WKH LQYHUWHU LQFUHDVHV WKH IUHTXHQF DJDLQñ DFFHOHUDWHV DQG ...

Page 183: ...YROWDJH VKXWðRII IURP EHLQJ DFWLYDWHGï I WKH GHFHOHUDWLRQ WLPH LV H WUHPHO VKRUW RU WKH ORDG ë LV YHU ODUJHñ WKH VWDOO SUHYHQWLRQ PD QRW EH HQRXJK WR SUHYHQW UHJHQHUDWLYH RYHUYROWDJH VKXWðRIIï HFHOHUDWLRQ VWDUW 5HJHQHUDWLYH ððððððððððððððð EUDNH RSHUDWLRQ õDSSUR LPDWHO êçí9 ô õ1RWH ìô 6ZLWFKHV RQ WKH EUDNH WUDQVLVWRU WR VWDUW D FXUUHQW LQ WKH EUDNH GLVFKDUJH UHVLVWRUï 5HJHQHUDWLYH EUDNH ððððððð GX...

Page 184: ... LQVWHDGï 5HIHU WR 6HFWLRQ ëïìïçï 7KH EUDNH UHVLVWRU RYHUKHDW SURWHFWLRQ IXQFWLRQ LV UHVHW WR WKH LQLWLDO õFROGô VWDWH E VZLWFKLQJ RQ WKH LQYHUWHU SRZHU RU WKH UHVHW VLJQDO õDFURVV WHUPLQDOV 5 6 DQG 6 ôï 8QQHFHVVDU UHVHW DQG SRZHUðRII VKRXOG WKHUHIRUH EH DYRLGHGï 7KH LQYHUWHU PXVW QRW EH LQVWDOOHG RQ DQ FRPEXVWLEOH VXUIDFHñ VXFK DV ZRRGñ EHFDXVH WKH WHPSHUDWXUH RI WKH EXLOWðLQ EUDNH UHVLVWRU UHDFK...

Page 185: ...KH HOHFWURQLF WKHUPDO UHOD YDULHV VOLJKWO GHSHQGLQJ RQ WKH RXWSXW IUHTXHQF ï 7R SURWHFW WKH PRWRU VXIILFLHQWO ñ XVH D PRWRU ZKLFK KDV D EXLOWðLQ WKHUPDO UHOD ï z KHQ WKH PRWRU RI XS WR ìïèN LV UXQ XQGHU DGYDQFHG PDJQHWLF IOX YHFWRU FRQWURO IRU èíí RU XQGHU JHQHUDOðSXUSRVH PDJQHWLF IOX YHFWRU FRQWURO IRU èíí ñ LW FDQ EH UXQ ZLWK WKH VDPH FKDUDFWHULVWLFV DV WKRVH RI WKH HOHFWURQLF WKHUPDO UHOD GHGLF...

Page 186: ...ëíðêïæ 6HW YDOXH ìèïë u ìïì ìçïæë õ ô HQFHñ VHW WR ìçïæ õ ô KDUDFWHULVWLF ZKHQ HOHFWURQLF WKHUPDO UHOD IRU PRWRU SURWHFWLRQ LV VZLWFKHG RII õ6HW YDOXH í õ ôô ó 2QO WKLV FKDUDFWHULVWLF FXUYH DSSOLHV ZKHQ WKH HOHFWURQLF WKHUPDO UHOD GHGLFDWHG WR 0LWVXELVKL FRQVWDQW WRUTXH PRWRU KDV EHHQ VHWï óó 6HW YDOXH õFXUUHQW YDOXHô èíø RI UDWHG LQYHUWHU RXWSXW FXUUHQW OHFWURQLF WKHUPDO UHOD IRU WUDQVLVWRU SURWH...

Page 187: ...U IDLOXUHô WR PDNH D UHVWDUW ZKLOH WKH PRWRU LV FRDVWLQJï õëô3RZHU VXSSO XQGHUYROWDJH SURWHFWLRQ õ897ô FWLYDWHV WKH SURWHFWLYH IXQFWLRQ LI WKH SRZHU VXSSO YROWDJH GURSV EHORZ DSSUR LPDWHO ìèí9 õDSSUR LPDWHO êíí9 IRU WKH éíí9 VHULHVôï õêô5HVHW 2QFH DFWLYDWHGñ WKH LQVWDQWDQHRXV SRZHU IDLOXUH SURWHFWLRQ IXQFWLRQ UHPDLQV DFWLYDWHGï 7R UHVHWñ VZLWFK RII WKH VWDUW VLJQDOñ WKHQ XVH DQ RI WKH IROORZLQJ PH...

Page 188: ...LQVWDQWO ï DWH LV VKXW RII LQVWDQWO ï DWH LV VKXW RII LQVWDQWO ï UHTXHQF PHWHU GLVSOD 5HVHW WR í LQVWDQWO ï 5HVHW WR í LQVWDQWO ï 5HVHW WR í LQVWDQWO ï 2SHUDWLRQ SDQHO ODUP FRGH LQGLFDWLRQ 6KRUW WHUPLQDOV WR HUDVH WKH LQGLFDWLRQ RQFHï KHQ WHUPLQDOV 5 6ð6 DUH NHSW VKRUWHGñ UUï DSSHDUVï 9DOXH EHLQJ PRQLWRUHG LV UHVHW WR í LQVWDQWO ï 1RWH WKDW WKLV GHSHQGV RQ WKH GDWD PRQLWRUHGï 3DUDPHWHU XQLW GLVSOD...

Page 189: ...EOHï 5DWLQJ IRU 6LQJOHð3KDVH 3RZHU 6XSSO QSXW õëíí9 ODVVô 7 SH 5ð èëíðíïé 5ð èëíðíïæè 5ð èëíðìïè 5ð èëíðëïë 5ð èëíðêïæ 5DWHG RXWSXW FXUUHQW õ ô ìïè ëïè é è ä 5DWHG RXWSXW YROWDJH êðSKDVH ëíí WR ëëí9 èí ñ ëíí WR ëéí9 çí 3RZHU VXSSO YROWDJH 6LQJOHðSKDVH ëíí WR ëëí9 èí ñ ëíí WR ëéí9 çí 3RZHU VXSSO FDSDFLW õN9 ô ìïè ëïè éïè èïè ä LQSXW FXUUHQW õ ô éïè æïç ììïë ìëïä ìæïé 1 5 õ ìô 6 õ ëô 7 õ êô 8 9 0 67...

Page 190: ...WHV LQ WKH VDPH GLUHFWLRQ õSKDVH URWDWLRQô LQ ERWK WKH FRPPHUFLDO SRZHU VXSSO RSHUDWLRQ DQG LQYHUWHU RSHUDWLRQï 1 5 õ ìô 6 õ ëô 7 õ êô 8 9 0 ì 2 5 0 0 ë 0 3RZHU VXSSO QYHUWHU 7R EH PHFKDQLFDOO LQWHUORFNHG 0RWRU 0DNH FRQQHFWLRQV DIWHU FRQILUPLQJ WKDW SKDVH URWDWLRQ RI FRPPHUFLDO SRZHU VXSSO LV LQ 5o6o7 õ ìo ëo êô VHTXHQFHï RPPHUFLDO 3RZHU 6XSSO ð QYHUWHU 6ZLWFKð2YHU LUFXLW VKRUW FLUFXLW RU JURXQG I...

Page 191: ...WXUQHG IURP WKH PRWRU WR WKH LQYHUWHUñ FDXVLQJ DQ RYHUFXUUHQW VKXWðRII õ2 7ôï 7KHUHIRUHñ SURYLGH D FRDVWLQJ LQWHUORFN FLUFXLW VR WKDW WKH LQYHUWHU PD RQO VWDUW WKH PRWRU DW D PRWRU VWRS VWDWHï õ5HIHU WR 6HFWLRQ êïëïëïô 6LQFH D VLPLODU SKHQRPHQRQ ZLOO WDNH SODFH ZKHQ WKH UHVHW õ5 6ô WHUPLQDO LV XVHG GXULQJ LQYHUWHU RSHUDWLRQñ QRWH WKH GHVLJQ RI WKH FLUFXLWï õ5HIHU WR 6HFWLRQ ìïéïìëïô RZHYHUñ WKH ID...

Page 192: ...ôï RU WKH SRZHU VXSSO FDSDFLW RI ìííí 9 RU PRUHñ LQVHUW D SRZHU IDFWRU LPSURYLQJ UHDFWRUï õ RU GHWDLOVñ UHIHU WR 6HFWLRQ ëïéïæïô ìïäïæ URXQGLQJ OZD V JURXQG WKH PRWRU DQG LQYHUWHUï õìô3XUSRVH RI JURXQGLQJ HQHUDOO ñ DQ HOHFWULFDO DSSDUDWXV KDV DQ HDUWK WHUPLQDO DQG WKLV PXVW EH FRQQHFWHG WR WKH JURXQG EHIRUH XVHï Q HOHFWULFDO FLUFXLW LV XVXDOO LQVXODWHG E DQ LQVXODWLQJ PDWHULDO DQG HQFDVHGï RZHYHUñ...

Page 193: ...XQGLQJ ZLWK VWHHO IUDPHV DQG FDUU RXW HOHFWULF VKRFN SUHYHQWLRQ W SH JURXQGLQJ XVLQJ WKH LQGHSHQGHQW JURXQGLQJ PHWKRGï ëô 8VH ODVV ê JURXQGLQJ õJURXQGLQJ UHVLVWDQFH ìíí RU OHVVô IRU WKH ëíí9 FODVV LQYHUWHUñ DQG XVH VSHFLDO ODVV ê JURXQGLQJ õJURXQGLQJ UHVLVWDQFH ìí RU OHVVô IRU WKH éíí9 FODVV LQYHUWHUï êô 8VH WKH WKLFNHVW SRVVLEOH JURXQG FDEOHï 7KH JURXQG FDEOH VKRXOG EH RI QRW OHVV WKDQ WKH VL H L...

Page 195: ...WKH FRQYHQWLRQDO WUDQVLVWRUL HG LQYHUWHU H HUFLVH FRQWURO WR PDNH WKH UDWLR RI IUHTXHQF õIô WR 9 õRXWSXW YROWDJHô õ9îIô FRQVWDQW DV LQGLFDWHG E WKH GRWWHG OLQH LQ WKH ILJXUH EHORZï 7KLV V VWHP LV WKHUHIRUH FDOOHG 9î FRQWUROï Q WKLV V VWHPñ D VXIILFLHQW WRUTXH ZLOO QRW EH GHYHORSHG VLQFH WKH DFWXDOO HIIHFWLYH YROWDJH UHGXFHV GXH WR D YROWDJH GURS LQ WKH ZLULQJ DQG PRWRUöV SULPDU ZLQGLQJï 7KLV SKHQR...

Page 196: ...HG 6OLS FRPSHQVDWLRQ SDUDPHWHUV SURYLGHG LQGLYLGXDOO 3URYLGHG 3URYLGHG 6OLS FRPSHQVDWLRQ KDUDFð WHULVWLF 6SHHG IOXFWXDWLRQ UDWLRã ë WR èø õ HSHQGV RQ ORDG PDJQLWXGHô 6SHHG IOXFWXDWLRQ UDWLRã ë WR èø õ HSHQGV RQ ORDG PDJQLWXGHô 6SHHG IOXFWXDWLRQ UDWLRã ìø õ1RW LQIOXHQFHG E ORDGô 6SHHG IOXFWXDWLRQ UDWLRã ìø õ1RW LQIOXHQFHG E ORDGô 7RUTXH FRQWURO 1RW SURYLGHG 1RW SURYLGHG 1RW SURYLGHG 1RW SURYLGHG 6S...

Page 197: ...KHQ WKH PRWRU FXUUHQW YDULHV GXH WR ORDG IOXFWXDWLRQñ WKH YROWDJH GURS RI WKH PRWRUöV SULPDU VLGH õLQFOXGLQJ WKH ZLULQJô DOVR FKDQJHVñ DIIHFWLQJ WKH PDJQLWXGH RI WKH H FLWLQJ FXUUHQWï 7KLV YROWDJH GURS LV IRXQG IURP WKH PRWRU DQG SULPDU ZLULQJ FRQVWDQWV DQG WRUTXH FXUUHQW PDJQLWXGHñ DQG WKH RXWSXW YROWDJH RI WKH LQYHUWHU LV FRPSHQVDWHG IRU õLQFUHDVHGîGHFUHDVHGô WR NHHS WKH SULPDU PDJQHWLF IOX RI W...

Page 198: ...P WKH PRWRU DQG SULPDU ZLULQJ FRQVWDQWV DQG WRUTXH FXUUHQW PDJQLWXGHñ DQG WKH RXWSXW YROWDJH RI WKH LQYHUWHU LV FRPSHQVDWHG IRU õLQFUHDVHGîGHFUHDVHGô WR NHHS WKH SULPDU PDJQHWLF IOX RI WKH PRWRU FRQVWDQWï GYDQFHG PDJQHWLF IOX YHFWRU FRQWURO LV GLIIHUHQW LQ JUH ðVKDGRZHG DUHDV IURP JHQHUDOðSXUSRVH PDJQHWLF IOX YHFWRU FRQWURO DQG FDQ GHYHORS D KLJK WRUTXH GRZQ WR D ORZ VSHHGï ëíí ìíí í ðìíí ðëíí ëíí...

Page 199: ...OHO E RQH LQYHUWHUñ RU ZKHQ DQ RSHUDWLRQ SDWWHUQ RU ORDG WRUTXH KDV EHHQ VSHFLILHGï õìô2SHUDWLRQ RI RQH PRWRU 20021 6HOHFW WKH LQYHUWHU WR VDWLVI WKH IROORZLQJ FRQGLWLRQã 5DWHG LQYHUWHU RXWSXW FXUUHQW t UDWHG PRWRU FXUUHQW u ìïì õ7KH FXUUHQW WKDW IORZV ZKHQ D VWDQGDUG PRWRU LV GULYHQ E WKH LQYHUWHU LV DERXW ìïì WLPHV ODUJHU WKDQ WKH FXUUHQW WKDW IORZV ZKHQ WKH PRWRU LV UXQ ZLWK WKH FRPPHUFLDO SRZH...

Page 200: ... VPDOOHU WKDQ WKH UDWHG FXUUHQWï HQFHñ FRVW PD EH UHGXFHG E XVLQJ DQ LQYHUWHU KDYLQJ D VPDOOHU UDWHG FDSDFLW WKDQ WKH PRWRU FDSDFLW ï Q WKLV FDVHñ WKH IROORZLQJ PXVW EH QRWHG LQ GHWHUPLQLQJ WKH UDWHG LQYHUWHU FDSDFLW ã Q H FLWLQJ FXUUHQW õQRðORDG FXUUHQWôñ êí WR èíø RI WKH UDWHG PRWRU FXUUHQWñ IORZV LQ D VWDQGDUG PRWRUñ LI XQGHU QR ORDGï RU WKLV UHDVRQñ DQ LQYHUWHU ZLWK H WUHPHO VPDOO UDWHG FDSDFL...

Page 201: ...HFWRU FRQWURO V VWHP èíí 6HOHFW WKH JHQHUDOðSXUSRVH PDJQHWLF IOX YHFWRU FRQWURO ZKHQ RX QHHG D ODUJH VWDUWLQJ WRUTXH õê ëííø WRUTXHô IRU D VPDOO FDSDFLW RU ZKHQ LW LV GHVLUHG WR VKRUWHQ WKH DFFHOHUDWLRQ WLPHï KHQ FKRRVLQJ WKH JHQHUDOðSXUSRVH PDJQHWLF IOX YHFWRU FRQWUROñ VHW WKH FDSDFLW õN ô RI WKH DSSOLHG PRWRUï KHQ XVLQJ D FRQVWDQWðWRUTXH PRWRUñ VHW ûìûï õFRQVWDQWðWRUTXH PRWRUô LQ 3Uï æì õDSSOLHG...

Page 202: ... LQWHUVHFWLRQ RI õìèíø RI WKH UDWHG LQYHUWHU RXWSXW FXUUHQWô DQG WKH FXUUHQW FKDUDFWHULVWLF DW HDFK IUHTXHQF LV WKH PD LPXP WRUTXH õVKRUWðGXUDWLRQ UDWLQJô JHQHUDWHG E WKH PRWRUï Q WKH H DPSOH VKRZQ RQ WKH ULJKWñ WKH VWDUWLQJ WRUTXH DW WKH VSHHG RI í LV ììåø õSRLQW ôï KHQ WKH FDSDFLW RI WKH LQYHUWHU XVHG ZLWK WKH PRWRU LV LQFUHDVHG E RQH UDQNñ WKH VWDUWLQJ WRUTXH DQG PD LPXP WRUTXH LQFUHDVH LQ SURS...

Page 203: ...KH DLUJDS PDJQHWLF IOX WR EH DSSUR LPDWHO FRQVWDQW DQG WKH WRUTXH FKDUDFWHULVWLF WR EH FORVH WR WKH FRQVWDQW WRUTXH FKDUDFWHULVWLF DV VKRZQ LQ WKH ILJXUH RQ WKH ULJKWï 7KH 5 VHULHV LQYHUWHUV KDYH D IXQFWLRQ WR DGMXVW WKH LQYHUWHU RXWSXW YROWDJH õWRUTXH ERRVWôï KHQ WKH VWDUWLQJ ORDG WRUTXH LV ODUJHñ WKH SULPDU PRWRU FXUUHQW õ ìô LV KLJKHU WKDQ LQ WKH HTXLYDOHQW FLUFXLW LQ ULJKW ILJXUH DQG ì LV UHGX...

Page 204: ...LQYHUWHUï 7KH DFFHOHUDWLRQ RU GHFHOHUDWLRQ WLPH õIXQFWLRQ QXPEHU 3Uï æ RU 3Uï åô YDOXH VHW IURP WKH SDUDPHWHU XQLW õ38ô LV WKH OHQJWK RI WLPH EHWZHHQ HUR DQG WKH DFFHOHUDWLRQîGHFHOHUDWLRQ UHIHUHQFH IUHTXHQF õIXQFWLRQ QXPEHU 3Uï ëíôï 7KH WLPH UHTXLUHG WR UHDFK WKH VHW IUHTXHQF FDQ EH FDOFXODWHG E SURSRUWLRQ DV LQGLFDWHG LQ HUFLVH ìï 7KH IUHTXHQF LV IRXQG IURP WKH RSHUDWLQJ VSHHG DQG WKH QXPEHU RI P...

Page 205: ...LRQ DQG GHFHOHUDWLRQ WLPHV õVLPSOH PHWKRGô ë 7 u 1 FFHOHUDWLRQ WLPH õWDô êåïë u õ70 u D ð 7 PD ô ò WF VHFï ë 7 u 1 HFHOHUDWLRQ WLPH õWGô êåïë u õ70 u E ò 7 PLQô VHFï ZKHUHñ ë 7 ã XOO ë PRWRU ë 0 ò ORDG ë õUHGXFHG WR DQ HTXLYDOHQW ë DW WKH PRWRU VKDIWô NJI P ë 1 ã LIIHUHQFH EHWZHHQ PRWRU VSHHGV EHIRUH DQG DIWHU DFFHOHUDWLRQî GHFHOHUDWLRQ 1ì ð 1ë UîPLQ USP 70 ã 5DWHG PRWRU WRUTXH äèèí u 3 70 1 1 P P...

Page 206: ...ô 6XSSRVLQJ WKDW WKH WRUTXH ERRVW LV VWDQGDUGñ D ìïëè íïìåè u ìåíí WD êåïë u õììïçæ u ìïëè ð äïåô ìïåë VHFRQGV E ìïí íïìåè u ìåíí WG êåïë u õììïçæ u ìïí ò èïååô íïèí VHFRQGV HQFHñ VHW WKH DFFHOHUDWLRQ WLPH WR ìïä VHFRQGV RU ORQJHU DQG WKH GHFHOHUDWLRQ WLPH WR íïè VHFRQGV RU ORQJHUï õêô KHQ WKHUH LV D UHVWULFWLRQ RQ DFFHOHUDWLRQ WLPH õOLQHDU DFFHOHUDWLRQ PRGHô 20021 7KH DFFHOHUDWLRQ DQG GHFHOHUDWLR...

Page 207: ... LQYHUWHU XQLW ZLOO ULVH WR D KLJK WHPSHUDWXUHï DUHIXOO VHOHFW WKH LQVWDOODWLRQ SODFH RI WKH LQYHUWHUï RU IXOO LQIRUPDWLRQ RQ KRZ WR VHOHFW WKH EUDNH UHVLVWRUñ EUDNH XQLW DQG RWKHU EUDNLQJ XQLWVñ UHIHU WR DQ RI WKH IROORZLQJ PDQXDOV DFFRUGLQJ WR WKH RSHUDWLRQ SDWWHUQã x 7HFKQLFDO 1RWH 1Rï ëë ã DSDFLW 6HOHFWLRQ õ DWD 3DUWô x 7HFKQLFDO 1RWH 1Rï ëê ã DSDFLW 6HOHFWLRQ õ RQWLQXRXV 2SHUDWLRQô x 7HFKQLFD...

Page 208: ...HFRQGô HFHOHUDWLRQ 3DWWHUQ ìô DOFXODWH WKH EUDNH WRUTXH UHTXLUHG WR GHFHOHð UDWH WKH PRWRU LQ WKH GHWHUPLQHG GHFHOHUDWLRQ SDWWHUQã ë 7 u õ1ì ð 1ëô 7 êåïë u W ð 7 PLQ 1 P ëô DOFXODWH WKH SHUFHQWDJH RI WKH FDOFXODWHG WRUTXH õ7 ô WR WKH UDWHG WRUTXH RI WKH PRWRU XVHG õ70ô WR ILQG WKH UHTXLUHG EUDNH WRUTXH FRHIILFLHQW õEô ã 7 UDNH WRUTXH FRHIILFLHQW õEô 70 êô URP WKH 7HFKQLFDO 1RWH 1Rï ëë õ DWD 3DUWôñ...

Page 209: ...QWHUYDOV RI ìè VHFRQGVï ë ìèíë u ìè ëíí 7KH 8ðêæíí FDQ EH XVHG EHFDXVH LWV SHUPLVVLEOH FRQWLQXRXV SRZHU LV êíí DFFRUGLQJ WR WKH GDWD LQ WKH PDQXDOï Q DGGLWLRQ WR WKLV FDOFXODWLRQñ LW LV DOVR QHFHVVDU WR H DPLQH ZKHWKHU WKH PRWRU PD EH XVHG UHSHDWHGO ï õèô RQWLQXRXV XVH RI WKH 8 EUDNH XQLW 20021 KHQ WKH PRWRU LV XVHG LQ WKH EUDNH UHJLRQñ VHOHFW D EUDNH XQLW ZKLFK VDWLVILHV WKH FRQGLWLRQ WKDW WKH EU...

Page 210: ...FKDUDFWHULVWLF õPDJQHWLF IOX YHFWRU PRGHô 7RUTXH õøô RPELQDWLRQ RI VWDQGDUG PRWRU DQG LQYHUWHU õ9î PRGHô RQVWDQW RXWSXW FKDUDFWHULVWLF õEDVH IUHTXHQF RU KLJKHUô DVH IUHTXHQF UHTXHQF õ ô 0RWRU 7RUTXH XH WR WKH LQYHUWHU FKDUDFWHULVWLFñ D YROWDJH DERYH WKH SRZHU VXSSO YROWDJH FDQQRW EH GHYHORSHG DW WKH IUHTXHQF RI KLJKHU WKDQ èí RU çí RU KLJKHUï RU WKLV UHDVRQñ WKH YROWDJH õ9ô LV NHSW FRQVWDQWñ RQO W...

Page 211: ...WKH RYHUDOO HIILFLHQF 1 3 19 õ 1ô 30 õ 1ô 0 30õ287ô LQYHUWHU 0RWRU 3 19õ 1ô ã QYHUWHU LQSXW SRZHU N 30õ 1ô ã 0RWRU LQSXW SRZHU N 30õ287ô ã 0RWRU RXWSXW N z QYHUWHU HIILFLHQF õK 19ô QGLFDWHV WKH HIILFLHQF RI WKH LQYHUWHU LWVHOI DQG LV IRXQG E WKH IROORZLQJ H SUHVVLRQ IURP WKH LQYHUWHU LQSXW SRZHU õ3 19õ 1ôô DQG WKH PRWRU LQSXW SRZHU õ30õ 1ô ô õ LQYHUWHU RXWSXW SRZHUôã 30õ 1ô K 19 3 19õ 1ô u ìíí ø z...

Page 212: ... ñ IRU H DPSOHñ XVLQJ D IOH LEOH FRXSOLQJ RU SURYLGLQJ UXEEHU YLEUDWLRQ LQVXODWRUV XQGHU WKH PRWRU EDVHï 1RWH WKDW UHVRQDQFH DUHDV FDQ EH DYRLGHG GXULQJ RSHUDWLRQ E XVLQJ WKH IUHTXHQF MXPS IXQFWLRQï KHQ D WZRðSROH PRWRU LV UXQ DW KLJK VSHHG EH RQG çí ñ DEQRUPDO RVFLOODWLRQ PD RFFXUï Q RI WKH IROORZLQJ PHDVXUHV PD EH WDNHQ WR UHPHG PRWRU RVFLOODWLRQã ìô 8VH RI ORZðYLEUDWLRQ PRWRU GHQWLFDO LQ VL H W...

Page 213: ...V VWDQGDUGï õ9HUWLFDO RU IODQJH W SH PD DOVR EH XVHGïô SORVLRQ SURWHFWHG W SH ð ð1 3 éé 0RWRU DQG LQYHUWHU FRPELQDWLRQ UHTXLUHV H SORVLRQðSURRI RIILFLDO DSSURYDO õVDIHW DSSURYDOôï RU PRUH LQIRUPDWLRQñ VHH 6HFWLRQ ëïêïæï ëïêïë RQVWDQWð7RUTXH 0RWRU FRQVWDQWðWRUTXH PRWRU LV D PRWRU GHGLFDWHG WR LQYHUWHU RSHUDWLRQ ZKLFK FDQ EH UXQ FRQWLQXRXVO ZLWKRXW UHGXFLQJ WKH ORDG WRUTXH HYHQ LQ WKH ORZ VSHHG UDQJ...

Page 214: ...èí0 êäå éíïç 5ð èéí ðæè äí ëåí6 éæå éèïæ 5ð èéí ðäí ììí ëåí0 èåé èäïè 5ð èéí ðììí ìêë êìè0 æíí æìïé 5ð èéí ðìêë ìèí êìè0 æäç åìïë 5ð èéí ðìçí ìçí êìè0 åéä åçïç 5ð èéí ðìçí ìåè êìè äåë ìíí 5ð èéí ðëëí ëíí êìè ìíçì ìíå 5ð èéí ðëëí ëëí êìè ììçæ ììä 5ð èéí ðëëí ëèí êèè ìêëç ìêè 5ð èéí ðëåí ëåí é 7RWDOO ðHQFORVHG IDQðFRROHG W SH 6 ð êèè ìéåç ìèë ODVV éíí9îèí éíí9îçí ééí9îçí ç WR çí 5ð èéí ðëåí 1RWHã 7K...

Page 215: ...DU RI WKH LQYHUWHUï õ0RGLILFDWLRQV PXVW EH PDGH WR D PRWRU ZLWK EUDNH ZKHUH WKH PRWRU WHUPLQDOV DUH FRQQHFWHG ZLWK WKH EUDNH WHUPLQDOV LQVLGH WKH PRWRUñ HïJï D FXUUHQW W SH EUDNH ZKLFK RSHUDWHV WKH EUDNH XVLQJ D ODUJH VWDUWLQJ FXUUHQWïô 7R VWRS WKH PRWRU ZLWK WKH PDJQHWLF EUDNHñ FRQQHFW WKH RXWSXW VWRS WHUPLQDO 056 DQG 6 RI WKH LQYHUWHUñ DQG DW WKH VDPH WLPHñ VZLWFK RII WKH VWDUW LQSXW VLJQDO õDFU...

Page 216: ...WXUH ULVHï 3DUWLFXODUO LQ D FDQQHG V VWHPñ WKH LQFUHDVH LQ FDQ ORVV FDXVHV WKH VXEPHUVLEOH PRWRU GULYHQ E WKH LQYHUWHU WR EH DERXW ìèø KLJKHU LQ WHPSHUDWXUH WKDQ WKH RQH GULYHQ IURP D FRPPHUFLDO SRZHU VXSSO ï RU IXUWKHU GHWDLOVñ UHIHU WR WKH 0LWVXELVKL LQYHUWHUðGULYHQ VXEPHUVLEOH PRWRU WHFKQLFDO PDQXDOï ëô 3URWHFWLRQ RI VXEPHUVLEOH PRWRUï 6LQFH WKH VXEPHUVLEOH PRWRU PD EH LQVWDOOHG GHHS LQ D ZHOOñ...

Page 217: ...ñ D KLJK YROWDJH GHYHORSHG E WKH LQYHUWHU PD EXUQ RXW WKH PRWRU LI LQVXODWLRQ LV ORZHU WKDQ ìí0 ï KHFN WKDW WKH LQVXODWLRQ RI WKH VXEPHUVLEOH PRWRU KDV QRW GHWHULRUDWHGï çô QVWDOODWLRQ RI OHDNDJH FXUUHQW UHOD ï 7KH LQVWDOODWLRQ RI D OHDNDJH FXUUHQW UHOD LQIRUPV RI DQ DODUP RU DQ LQVXODWLRQ IDXOW RI WKH VXEPHUVLEOH PRWRU DQG FDEOHñ DOORZLQJ PHDVXUHV WR EH WDNHQ LQ DGYDQFHï DUJHU LQ QRUPDO OHDNDJH F...

Page 218: ...ìêë0 æïè 5ð ð æïè ìçí0 ìì 5ð ð ìì ìçí ìè 5ð ð ìè ìåí0 ëë ODVV 5ð ð ëë ëíí êí 5ð ð êí ëëè6 êæ 5ð ð êæ ð ëëè0 éè é ODVV RU FODVV ëíí9î èí ëíí9î çí ëëí9î çí Gë é 5ð ð éè 1RWH ã RU GDWD RWKHU WKDQ WKH DERYH VSHFLILFDWLRQVñ FRQWDFW RXU QHDUHVW VDOHV UHSUHVHQWDWLYHï 0RGHOV RI éíí9 FODVVñ RXWGRRU W SH DQG FRUURVLRQðSURRI W SH DUH DOVR DYDLODEOHï RU WKH éíí9 FODVVñ WKH DSSOLHG LQYHUWHUV DUH GLIIHUHQW IURP...

Page 219: ...HG RSHUDWLRQ EH RQG çí ñ SOHDVH FRQVXOW WKH PDQXIDFWXUHUï õìô0LWVXELVKL VWDQGDUG JHDUHG PRWRUV 7KH JUHDVHðOXEULFDWHG 0ð DQG PD EH XVHG EHWZHHQ ORZ VSHHG DQG KLJK VSHHG RI æí WR ìëí ï 7KH RLOðOXEULFDWHG 0ð DQG DUH IRXUð SROH PRWRUV DQG PD EH XVHG EHWZHHQ ëè DQG KLJK VSHHG RI çè WR ìëí ï 0HFKDQLFDO OLIH RI WKH 0ð DQG õíïì WR ëëN ô 3HUPLVVLEOH QXPEHU RI VWDUW WLPHV ZKHQ GULYHQ E LQYHUWHU 1 t ë u ìí ç...

Page 220: ...YHUWLFDO W SHñ WKH OXEULFDWLRQ V VWHP PXVW EH FRQVLGHUHG DFFRUGLQJ WR WKH ZRUNLQJ VSHHG UDQJHï êô 1RWH WKH VWDUWLQJ FKDUDFWHULVWLF DW ORZ WHPSHUDWXUHï 7KH ORVV RI WKH F FOR VSHHG UHGXFHU GHSHQGV RQ WKH DPELHQW WHPSHUDWXUHñ LQSXW VSHHGñ ORDG IDFWRU DQG OXEULFDQWï 7KH VWDUWLQJ FKDUDFWHULVWLF PXVW EH QRWHG XQGHU KRVWLOH FRQGLWLRQV ZKHUH VXGGHQ DFFHOHUDWLRQ LV PDGH IURP WKH VWDUW WR ìåííUSP XQGHU ORDG...

Page 221: ... WHUPLQDOVï 7KLV YROWDJH LV LQIOXHQFHG E WKH LQYHUWHUðWRðPRWRU ZLULQJ OHQJWK DV VKRZQ RQ WKH ULJKWï 6LQFH WKLV YROWDJH PD GHWHULRUDWH WKH PRWRU LQVXODWLRQñ WKH IROORZLQJ DFWLRQV DUH QHHGHGã õìô RZ WR HQKDQFH PRWRU LQVXODWLRQ RU D éíí9 FODVV PRWRUñ XVH DQ LQVXODWLRQð HQKDQFHG PRWRUï 6SHFLILFDOO ã ìô 6SHFLI WKH ûéíí9 FODVV LQYHUWHUðGULYHQñ LQVXODWLRQðHQKDQFHG PRWRUûï ëô V D GHGLFDWHG PRWRU VXFK DV D...

Page 222: ... LQYHUWHU LQSXWñ WKH SRZHU IDFWRU LV FDOFXODWHG IURP DQ DSSDUHQW SRZHU DQG D WKUHHðSKDVH LQSXW SRZHU IRXQG WKURXJK WKH WKUHHðZDWWPHWHU PHWKRGï 7KH SRZHU IDFWRU WKXV FDOFXODWHG LV FDOOHG DQ RYHUDOO SRZHU IDFWRUï 3RZHU 6XSSO XUUHQW DQG 3RZHU DFWRU RI RQYHUWHU LUFXLW LQ QYHUWHU G 3RZHU DFWRU RUP DFWRU UHVW õSHDNô DFWRU G ìïêè9 èåïæø RU OHVV ìïää RU PRUH ëïìç RU PRUH G ìïêè9 èåïæø ìïää ëïìç ìïêè9 G ìï...

Page 223: ...RU FRUUHFWLQJ UHDFWRU 9ROWDJH XUUHQW Eô LWK SRZHUðIDFWRU FRUUHFWLQJ UHDFWRU QYHUWHU QSXW XUUHQW DYHIRUPV ëïéïê QUXVK XUUHQW Q D 3 0 LQYHUWHU ZKLFK FRPSULVHV RI D FDSDFLWRUð LQSXW ILOWHU FLUFXLWñ DQ LQUXVK FXUUHQW IORZV LQWR WKH VPRRWKLQJ HOHFWURO WLF FDSDFLWRU ZKHQ WKH LQSXW 1 LV VZLWFKHG RQï 7KLV LQUXVK FXUUHQWñ ZKLFK IORZV RQO IRU WKH FDSDFLWRU FKDUJLQJ WLPHñ LV H WUHPHO ODUJH GHVSLWH LWV VKRUW ...

Page 224: ...WLQJ WKH FRQWURO WUDQVIRUPHUñ PDJQHWLF FRQWDFWRU IRU VKRUWLQJ WKH LQUXVK FXUUHQW SUHYHQWLQJ UHVLVWRUñ DQG WKH OLNHï Q DGGLWLRQñ WKH UHJHQHUDWLYH EUDNH FDSDELOLW ZLOO EH UHGXFHGñ PRUH RIWHQ UHVXOWLQJ LQ 29ì WR 29ê õUHJHQHUDWLYH RYHUYROWDJHôï RQYHUVHO ñ LI WKH YROWDJH LV UHGXFHG JUHDWO ñ XQGHUYROWDJH SURWHFWLRQ õ897ô LV DFWLYDWHG DQG RSHUDWLRQ PD QRW EH SHUIRUPHG SURSHUO ï 3DUWLFXODUO ZKHQ WKH SRZHU...

Page 225: ...OHFWLQJ 3HULSKHUDO TXLSPHQWûï z KHQ DQ DXWRPDWLF SRZHUðIDFWRU UHJXODWRU RU D WK ULVWRU W SH FRQWUROOHU LV FRQQHFWHG WR WKH SRZHU VXSSO OLQH ZKHUH WKH LQYHUWHU LV FRQQHFWHG õVHH EHORZôï I WKH SRZHU VXSSO YROWDJH LV GLVWRUWHG E UXQQLQJ WKH DERYH GHYLFHVñ WKH SHDN YDOXH RI WKH LQYHUWHU LQSXW FXUUHQW PD LQFUHDVHñ GDPDJLQJ WKH LQYHUWHUï KHQ VXFK D FRQGLWLRQ LV H SHFWHG WR RFFXUñ LQVHUW WKH SRZHUðIDFWRU...

Page 226: ...LWFKLQJ IUHTXHQF DQG YROWDJH 3URSDJDWLRQ SDWK OHFWULF FKDQQHOñ VSDFHñ LQGXFWLRQ OHFWULF FKDQQHO QVXODWLQJ PDWHULDO 7UDQVPLVVLRQ DPRXQW LVWDQFHñ ZLULQJ URXWH LQH LPSHGDQFH DSDFLWDQFH IIHFWHG HTXLSPHQW DQG LQIOXHQFH 6HQVRUñ HWFïã 0LVðGHWHFWLRQ 5DGLRñ ZLUHOHVV HTXLSPHQWã 1RLVH 3RZHU FDSDFLWRUã HDW JHQHUDWLRQ 1RQðXWLOLW JHQHUDWRUã HDW JHQHUDWLRQ DUWK OHDNDJH FLUFXLW EUHDNHUã 8QQHFHVVDU RSHUDWLRQ 7KHUP...

Page 227: ...LQJ H SUHVVLRQã VQ Q FQ U F V Q V VQ Q F Q Q U FQ 3RZHU VXSSO QYHUWHU QYHUWHU TXLYDOHQW LUFXLW 5HJDUGLQJ WKH QYHUWHU DV D DUPRQLF 9ROWDJH 6RXUFH Q V FQ õ Q V ò Q U ð FîQ ô u Q FQã DUPRQLF FXUUHQW IORZLQJ LQWR WKH FDSDFLWRU V ã 3RZHU VXSSO LPSHGDQFH U ã PSHGDQFH RI VHULHV UHDFWRU F ã PSHGDQFH RI SRZHU FDSDFLWRU Q ã DUPRQLF RUGHU I Q V ò Q U ð FîQ í LQ WKH DERYH H SUHVVLRQñ UHVRQDQFH RFFXUV DQG D YH...

Page 228: ... QHJDWLYH SKDVHðVHTXHQFH FXUUHQWñ WKH LQIOXHQFH UHVXOWLQJ IURP WKH KDUPRQLFV RI WKH V QFKURQRXV JHQHUDWRU VKRXOG EH VXFK WKDW WKH HTXLYDOHQW QHJDWLYH SKDVHðVHTXHQFH FXUUHQW FDXVHG E KDUPRQLFV LV WKH ìèø RU OHVV SHUPLVVLEOH QHJDWLYH SKDVHðVHTXHQFH FXUUHQW SURYLGHG IRU LQ 0ìêèé õ LHVHO QJLQH ULYLQJ DQG 6 QFKURQRXV HQHUDWRUVôï TXLYDOHQW QHJDWLYH SKDVHðVHTXHQFH FXUUHQW õ ëôï Q ë õ é ë Qô ë Q ã DUPRQLF...

Page 229: ...XSSUHVVLRQ WHFKQLTXH LV UHTXLUHG RU QRWï VSHFLILF SURFHGXUH ZLOO EH GHVFULEHG EHORZï õDô DOFXODWLRQ RI UDWHG FDSDFLW N9 8VHG WR FDOFXODWH WKH çðSXOVH HTXLYDOHQW FDSDFLW WR MXGJH ZKHWKHU WKH LQYHUWHU LV FRYHUHG E WKH áKDUPRQLF VXSSUHVVLRQ JXLGHOLQH IRU FRQVXPHUV UHFHLYLQJ SRZHU RI KLJK YROWDJH RU VSHFLDOO KLJK YROWDJH ï QGHSHQGHQWO RI ZKHWKHU WKH LQYHUWHU KDV D UHDFWRU RU QRWñ WKH UDWHG FDSDFLW N9 ...

Page 230: ...ïæ éïê êïì ëïç ìïå LWK UHDFWRU õ VLGHô êå ìéïè æïé êïé êïë ìïä ìïæ ìïê LWK UHDFWRU õ VLGHô êí ìê åïé èïí éïæ êïë êïí ëïë 7KUHHðSKDVH EULGJH õFDSDFLWRU VPRRWKHGô LWK UHDFWRU õ ñ VLGHVô ëå äïì æïë éïì êïë ëïé ìïç ìïé êô 6SHFLILF FDOFXODWLRQ H DPSOHï KHQ D êíN éíí9 PRWRU LV GULYHQ E WKH 5ð èéíðêí LQYHUWHU z XQGDPHQWDO ZDYH FXUUHQW RI WKH PRWRU LV éäïå ï z 5DWHG FDSDFLW ê u 9 u IXQGDPHQWDO ZDYH FXUUHQ...

Page 231: ... FDQ EH H SHFWHGï 7KHUHIRUHñ WKH FRQYHUVLRQ FRHIILFLHQW IRU çðSXOVH UHIHUHQFH LV KDOYHGï õGô ILOWHU FDSDFLWRU DQG D UHDFWRU DUH XVHG WRJHWKHU WR UHGXFH LPSHGDQFH IRU D VSHFLILF IUHTXHQF ñ SURGXFLQJ D JUHDW HIIHFW RI DEVRUELQJ KDUPRQLF FXUUHQWVï 7KH ILOWHU H KLELWV DQ HIIHFW RQ D VSHFLILF IUHTXHQF ï KHQ WKHUH LV PRUH WKDQ RQH KDUPRQLF FXUUHQW GHJUHHñ WKH ILOWHU PXVW EH LQVWDOOHG IRU HDFK GHJUHHï õH...

Page 232: ... 8 7 21 2 287 2 1 5021 855 176 2XWJRLQJ KDUPRQLF FXUUHQWV DW D UHFHLYLQJ SRLQW VKDOO EH DV IROORZVã õìô 2QO WKH PDJQLWXGH RI DQ RXWJRLQJ KDUPRQLF FXUUHQW LV FDOFXODWHG DQG WKH éíWK RU OHVV GHJUHHV VKDOO EH FRYHUHG E WKLV JXLGHOLQHï õëô Q RXWJRLQJ KDUPRQLF FXUUHQW DW D UHFHLYLQJ SRLQW LV IRXQG E VXPPLQJ XS KDUPRQLF FXUUHQWV JHQHUDWHG LQ WKH UDWHG RSHUDWLQJ VWDWXV RI LQGLYLGXDO KDUPRQLF JHQHUDWLQJ H...

Page 233: ...WLRQ á RUPDW ì èWK æWK ììWK ìêWK ìæWK ìäWK ëêWK ëèWK HJUHH 0D LPXP FXUUHQW YDOXH õP ô 0D LPXP 2XWJRLQJ DUPRQLF XUUHQW 9DOXH õ0D LPXP RXWJRLQJ KDUPRQLF YDOXH SHU N FRQWUDFW u FRQWUDFW SRZHUô DOFXODWLRQ VKHHW IRU RXWJRLQJ KDUPRQLF FXUUHQWV IURP KDUPRQLF JHQHUDWLQJ HTXLSPHQW õ3DUW ëô XVWRPHU 1DPH XVLQHVV DWHJRU 5HFHLYHG 3RZHU 9ROWDJH N9 RQWUDFW 3RZHU N9 DWH RI FFHSWDQFH SSOLFDWLRQ 1Rï DWH RI SSOLFDWL...

Page 234: ... HTXLSPHQWñ HOHFWURQLF HTXLSPHQW HWFï PDLQO FDXVHG E LQGXFWLRQ QRLVH DQG WKH PDOIXQFWLRQV RI UDGLRV DQG SUR LPLW VZLWFKHV FKLHIO FDXVHG E UDGLDWLRQ QRLVHï RU GHWDLOV RI QRLVH UHGXFWLRQ WHFKQLTXHVñ UHIHU WR WKH 7HFKQLFDO 1RWH 1Rï ëì á1RLVH DQG OHDNDJH FXUUHQWV ï LUðSURSDJDWHG QRLVH 0DJQHWLF LQGXFWLRQ QRLVH 6WDWLF LQGXFWLRQ QRLVH DEOHðSURSDJDWHG QRLVH 1RLVH GLUHFWO UDGLð DWHG E LQYHUWHU 1RLVH UDGLDW...

Page 235: ... HOHFWURQLF HTXLSPHQW PXVW QRW EH JURXQGHG MRLQWO ï VSHFLDOO DV D FRXQWHUPHDVXUH DJDLQVW QRLVHñ UXQ WKH FDEOHV LQ WKH VKRUWHVW GLVWDQFH DQG WZLVW WKHPï OVRñ JURXQGLQJ VKRXOG EH FDUULHG RXW VHFXUHO XVLQJ D ODUJHðGLDPHWHU FDEOH RYHU WKH VKRUWHVW GLVWDQFHï õëô5DGLR QRLVH KHQ WKH PRWRU LV GULYHQ IURP WKH LQYHUWHUñ KLJKð IUHTXHQF QRLVH LV UDGLDWHG WR WKH DLU IURP WKH LQYHUWHUï LNH UDGLRðZDYH QRLVHñ WKL...

Page 236: ...HG E DQ RI WKH IROORZLQJ PHWKRGVã õDô RQQHFW WKH UDGLR QRLVH ILOWHU õ 5ð ô GHGLFDWHG WR 5 VHULHV LQYHUWHUV DFURVV WKH LQYHUWHU LQSXW SRZHU VXSSO WHUPLQDOV õSKDVHV 5ñ 6ñ 7 õ ìñ ëñ êôô DQG VHFXUHO JURXQG LW ZLWK WKH JURXQG FDEOHï 7KLV LV HIIHFWLYH ZKHQ WKH ZLULQJ GLVWDQFH EHWZHHQ WKH LQYHUWHU DQG PRWRU LV VKRUWï 1RWHã Q WKLV FDVHñ RQH 5ð FDXVHV DQ DSSUR LPDWHï éP OHDNDJH FXUUHQW WR IORZï 1 5ð 5 õ ìô...

Page 237: ...ï QVWDOO LQVXODWLQJ WUDQVIRUPHU RU QRLVH UHGXFWLRQ WUDQVIRUPHUï QSXW VLGH 6HSDUDWH SRZHU VXSSO OLQHï QVWDOO 5ð 6 íì RU 5ð OLQH QRLVH ILOWHUï 5XQ RXWSXW FDEOHV LQ PHWDO FRQGXLW RU XVH VKLHOGHG FDEOHV DV RXWSXW FDEOHVï 2XWSXW VLGH 8VH éðFRUH FDEOH DV PRWRU SRZHU OLQH DQG XVH RQH ZLUH DV JURXQG FDEOHï 8VH WZLVWHG SDLU VKLHOGHG FDEOH DV VHQVRU VLJQDO OLQHï RQQHFW VKLHOG WR FRPPRQ RI VHQVRU VLJQDOï 0 R...

Page 238: ...DO èï ï RZHU FDUULHU IUHTXHQF ï QYHUWHU ï QVWDOO ILOWHU õ 5ð ñ 5ð 6 íìô RQ LQYHUWHU RXWSXW VLGHï 0RWRU RQWURO ER RU PDFKLQH HQFORVXUH ï 8VH WZLVWHG SDLU VKLHOGHG FDEOHï SRZHU VXSSO IRU VHQVRU 6HQVRU 8VH VHQVRU RI KLJK QRLVH LPPXQLW ï ï R QRW HDUWK VKLHOG EXW FRQQHFW LW WR VLJQDO FRPPRQ ZLUHï 0ï R QRW HDUWK WR FRQWURO ER GLUHFWO ï 1ï DUWK WR FRQWURO ER YLD íïì WR íïíìP FDSDFLWRUï DXWLRQã RU UDGLR Q...

Page 239: ...HUWHU 6KRUWHVW 1XPEHU RI ZLQGV ZLWKLQ ê WLPHV õé7ôï 0RWRU 5ð 5ð 6 íì LQH QRLVH ILOWHU DEOH 5RXWLQJ LQ RQWURO R 8ï 0DVNLQJ VKLHOG 6ï 6HSDUDWH E PRUH WKDQ êíFP õDW OHDVW ìíFPôï QYHUWHU 1RLVH ILOWHU 7HUPLQDO EORFN RQQHFWLRQ 7HUPLQDO EORFN 3RZHU VXSSO RQWURO VXSSO 7ï 5XQ FDEOHV DV VHSDUDWHO DV SRVVLEOH DQG GR QRW UXQ FDEOHV LQ SDUDOOHO RU WRJHWKHUï URVV WKHP ZKHUH LQHYLWDEOHï 0LFURFRPSXWHU ERDUG 3URJU...

Page 240: ...KH RSHUDWLQJ FXUUHQW RI WKH HDUWK OHDNDJH FLUFXLW EUHDNHUñ DFWXDWLQJ WKH HDUWK OHDNDJH FLUFXLW EUHDNHUï õDô7KH HDUWK OHDNDJH FLUFXLW EUHDNHU õ19ìô LV DFWXDWHG ZKHQ OHDNDJH FXUUHQW IORZV WKURXJK WRðJURXQG FDSDFLWDQFHV õ ô LQ SDWKV ô DQG ô LQGLFDWHG E GRWWHG OLQHV DQG H FHHG WKH VHWWLQJ RI WKH HDUWK OHDNDJH FLUFXLW EUHDNHU LQ WKH VDPH OLQHï õEô7KH HDUWK OHDNDJH FLUFXLW EUHDNHU 19ë RU 19ì LQ WKH RWKH...

Page 241: ...DEOH WR GLYLGH FXUUHQWñ WKHUHE UHGXFLQJ WRðJURXQG OHDNDJH FXUUHQWï ëô FWLRQV WR EH WDNHQ IRU WKHUPDO UHOD PDOIXQFWLRQï õFô QVWDOO WKH UHDFWRU õ 5ð 2 ô LQ WKH LQYHUWHU RXWSXW VLGHï QFUHDVH WKH LPSHGDQFH LQ WKH KLJK IUHTXHQF UHJLRQ WR GHFUHDVH OLQHðWRðOLQH OHDNDJH FXUUHQWVï õGô8VH WKH HOHFWURQLF WKHUPDO UHOD EXLOW LQWR WKH LQYHUWHUï 7KH HOHFWURQLF WKHUPDO UHOD GHWHFWV KLJK IUHTXHQF FRPSRQHQWV DIWHU ...

Page 242: ...H KDUPRQLFîVXUJH UHGXFWLRQ 19ï õJô 8VH FDEOHV RI VPDOO FDSDFLWDQFHîPLQLPL H ZLULQJ OHQJWKï 0RWRU IIHFWV RI DFWLRQV FWLRQV PDUNHG DUH UHFRPPHQGHG IRU SKHQRPHQD RFFXUULQJ GXH WR WKH LQIOXHQFH RI OHDNDJH FXUUHQWï 1Rï 3KHQRPHQRQ õDô DUPRQLFî VXUJH UHGXFWLRQ EUHDNHU õEô HGLFDWHG JURXQG FDEOH õFô QVWDOODWLRQ RI UHDFWRU RQ RXWSXW VLGH õGô 8VH RI HOHFWURQLF WKHUPDO UHOD õHô 7KHUPDO UHOD VHWWLQJ FKDQJH õIô...

Page 243: ...ð ìèí ìíí ìíí éè 5ð èëíðéè 7 SH 1 éííñ 7 SH 19éíí êíí 7 SH 1 éííñ 7 SH 19éíí êíí 6ð ìåí ìíí ìíí ëíí9 FODVV èè 5ð èëíðèè 7 SH 1 éííñ 7 SH 19éíí éíí 7 SH 1 éííñ 7 SH 19éíí êèí 6ð ëëí ìèí ìèí íïé 5ð èéíðíïé 7 SH 1 êíñ 7 SH 19êí è 7 SH 1 êíñ 7 SH 19êí è 6ð1ìí ë ë íïæè 5ð èéíðíïæè 7 SH 1 êíñ 7 SH 19êí è 7 SH 1 êíñ 7 SH 19êí è 6ð1ìí ë ë ìïè 5ð èéíðìïè 7 SH 1 êíñ 7 SH 19êí ìí 7 SH 1 êíñ 7 SH 19êí ìí 6ð1ì...

Page 244: ...SXW RU FLUFXLW ZKHQ WKH SRZHU WUDQVIRUPHU LV ODUJHï õëô6HWWLQJ WKH UDWHG FXUUHQW RI LQYHUWHU SULPDU 1 7KH 1 LQ WKH LQYHUWHU SULPDU FLUFXLW LV XVHG WR SURWHFW WKH LQYHUWHU SULPDU ZLULQJ IURP RYHUORDG DQG VKRUW FLUFXLWï 6LQFH WKH LQYHUWHU KDV D FRQYHUWHU FLUFXLW DQG D ODUJHðFDSDFLW VPRRWKLQJ HOHFWURO WLF FDSDFLWRUñ LW VHUYHV DV D FDSDFLWRUðLQSXW UHFWLILHU ZLWK UHVSHFW WR WKH SRZHU VXSSO DQG D SXOVHð...

Page 245: ...RU WKH DERYH SXUSRVHVñ WKH QXPEHU RI RQîRII WLPHV LV H WUHPHO VPDOOï 6HOHFW WKH 0 ZKLFK FRQIRUPV WR 0ìíêåð ODVV ê LQ UHODWLRQ WR WKH LQYHUWHU LQSXW FXUUHQWï 1RWHã 7KH LQYHUWHU PD EH UXQ DQG VWRSSHG E VZLWFKLQJ WKH 0 RQ DQG RIIï RZHYHUñ IUHTXHQW VWDUWLQJ DQG VWRSSLQJ RI WKH LQYHUWHU XVLQJ WKH 0 PXVW EH DYRLGHG EHFDXVH DQ LQUXVK FXUUHQW UHSHDWHG DW SRZHUðRQ UHGXFHV WKH OLIH RI WKH FRQYHUWHU FLUFXLW ...

Page 246: ...PDU FXUUHQW PXVW EH QRWHG EHFDXVH D FXUUHQW ODUJHU WKDQ WKH PRWRU FXUUHQW PD IORZ GHSHQGLQJ RQ WKH LQYHUWHU LQSXW SRZHU IDFWRU õVHH 6HFWLRQ ëïéïìôï I WKH ZLULQJ GLVWDQFH RI WKH FDEOH EHWZHHQ WKH LQYHUWHU DQG PRWRU LV ORQJñ WKH YROWDJH GURS LQFUHDVHVñ FDXVLQJ D UHGXFWLRQ LQ PRWRU WRUTXH DQG WKH FXUUHQW WR LQFUHDVHï Q DQ H WUHPH FDVHñ WKH PRWRU PD RYHUKHDWï 1RWH WKDW HVSHFLDOO ZKHQ WKH RXWSXW IUHTXH...

Page 247: ...D WHUPLQDO ER HV z LULQJ OHQJWK WR WKH PRWRU KHQ WKH ZLULQJ GLVWDQFH EHWZHHQ WKH LQYHUWHU DQG PRWRU LV ORQJñ RYHUFXUUHQW SURWHFWLRQ PD EH DFWLYDWHG E WKH LQIOXHQFH RI WKH FKDUJLQJ FXUUHQW õOHDNDJH FXUUHQWô GXH WR WKH VWUD FDSDFLW RI WKH ZLULQJ LQ DGGLWLRQ WR WKH DIRUHPHQWLRQHG YROWDJH GURSï HQFHñ WKH ZLULQJ OHQJWK VKRXOG EH èííP õPD LPXPôï õ KHQ VHYHUDO PRWRUV DUH FRQQHFWHGñ WKH RYHUDOO OHQJWK VKR...

Page 248: ... õSRZHU VXSSO ô VLGH RI WKH LQYHUWHUï ëï URXQG IDXOW LQ WKH VHFRQGDU VLGH RI WKH LQYHUWHU FDQ EH GHWHFWHG DW WKH UXQQLQJ IUHTXHQF RI ìëí RU ORZHUï êï Q WKH VWDUðFRQQHFWLRQ QHXWUDO SRLQW JURXQGLQJ V VWHPñ WKH VHQVLWLYLW FXUUHQW LV SXULILHG DJDLQVW D JURXQG IDXOW LQ WKH LQYHUWHU VHFRQGDU VLGHï 7KHUHIRUHñ WKH SURWHFWLYH JURXQG UHVLVWDQFH RI WKH ORDG HTXLSPHQW VKRXOG EH ìí RU OHVVï í ëí éí çí åí ìíí ì...

Page 249: ...QW 7KH UDWHG VHQVLWLYLW FXUUHQWñ SURWHFWLYH JURXQG UHVLVWDQFH YDOXH DQG FRQWLQXRXV OHDNDJH FXUUHQW RI DQ HOHFWULFDO SDWK DUH LQWHUUHODWHGï URP WKH VWDQGSRLQW RI SURWHFWLRQ IURP HOHFWULF VKRFNñ WKH UHODWLRQVKLS EHWZHHQ WKH UDWHG VHQVLWLYLW FXUUHQW DQG SURWHFWLYH JURXQG UHVLVWDQFH YDOXH LV LPSRUWDQWï URP WKH VWDQGSRLQW RI XQQHFHVVDU RSHUDWLRQ SUHYHQWLRQñ WKH UHODWLRQVKLS EHWZHHQ WKH UDWHG VHQVLWLYLW...

Page 250: ...JHU FRQWLQXRXV OHDNDJH FXUUHQWï KHQ D UHFHQW JURXQG IDXOW LQWHUUXSWHU SURYLGHG ZLWK D KDUPRQLF HOLPLQDWLQJ FLUFXLW WR SUHYHQW PDOIXQFWLRQ õHïJï 0LWVXELVKL 6XSHU 6FUXP 6HULHVô LV XVHGñ VHOHFWLRQ FDQ EH PDGH LQ WKH VDPH ZD DV LQ WKH FRQYHQWLRQDO LQYHUWHU õVHH VHFWLRQ ëïçïèôï KHQ WKH 5ð ëíí VHULHV LV XVHG ZLWK WKH JURXQG IDXOW LQWHUUXSWHU ZKLFK LV QRW SURYLGHG ZLWK WKH KDUPRQLF HOLPLQDWLQJ FLUFXLWñ D...

Page 251: ...ïå íïè æïì ìêïæ éïè æïä éïæ 13 éïæ ëì ROH ìïì u ë 6ZLWFK H DPSOH õ1LSSRQ DLKHLNL ô 6LQJOHðSROHñ GRXEOHðWKURZ VZLWFK õ0ðëíìë ð ð ô 3DQHO GULOOLQJ GLDJUDP õ8QLWã PPô LPHQVLRQ òíïê í òíïê í LWKRXW EH HO LWK EH HO ìëïè u Q ìëïèòìèïçõQðìô ìèïä òíïìè ðíïì ëïçïå UHTXHQF VHWWLQJ SRWHQWLRPHWHU 7 SHã ë ë6 ìN õ DSDQ 5HVLVWRUô LUHðZRXQG YDULDEOH UHVLVWRU ë ìN ñ FKDUDFWHULVWLFï I30 ëí Iç ìë ëè ì ë ê êíq 0 5ëè ...

Page 252: ...U KDYLQJ WKH IROORZLQJ VSHFLILFDWLRQVï 7KH YDULDEOH UHVLVWRU LV QRW UHTXLUHG ZKHQ FDOLEUDWLRQ LV PDGH ZLWK WKH SDUDPHWHU XQLWï DOLEUDWLRQ UHVLVWRU ìîê RU PRUHñ ìíN 7KH IROORZLQJ IUHTXHQF PHWHU DQG FDOLEUDWLRQ UHVLVWRU DUH DYDLODEOH IRU XVHï z UHTXHQF PHWHU 7 SHã 0ëíç5 ìP UDGXDWLRQVã í WR çèñ ìêí ñ GRXEOH JUDGXDWLRQV çé çí Ièê ìí ëè éê ìíïè ëé ëé ëé ëé õ8QLWã PPô 30 60 20 40 10 20 0 40 80 50 100 60...

Page 253: ...2 õPPô 6WUXFWXUH õZLUHVîPPô RQGXFWRU UHVLVWDQFH õå îNPô 5DWHG YROWDJH õ9ô 3HUPLVVLEOH WHPSHUDWXUH õq ô RORU ë u íïê ë u ìïè ìë î íïìå çéïé PD ï êíí çí 5HGîZKLWH DPSOHã 0XOWLðFRUH VKLHOGHG FDEOH 7 SHã 9 7ð6ê u íïè64 õ7RNLZD DEOHô KDUDFWHULVWLFV RI D 6LQJOH DEOH 4W ï u 6L H õPP ë ô LQLVK 2 õPPô 6WUXFWXUH õZLUHVîPPô 5DWHG YROWDJH õ9ô RORU ê u íïê åïê ëíîíïìå çíí UD ...

Page 254: ... DQ DLUðFRQGLWLRQHG HOHFWULFDO URRPï Fô ORFN GLUHFW VXQOLJKWï Gô 3URYLGH D PDVNLQJ VKLHOG VR WKDW WKH SDQHO LV QRW H SRVHG WR WKH UDGLDQW KHDW DQG ZDUP DLU RI D KHDW VRXUFHï Hô PSURYH YHQWLODWLRQ DURXQG WKH SDQHOï ëô 0HDVXUHV DJDLQVW ORZ WHPSHUDWXUH Dô 3URYLGH D VSDFH KHDWHU LQVLGH WKH SDQHOï Eô R QRW VZLWFK RII WKH LQYHUWHU SRZHUï õ7KH LQYHUWHU VWDUW VLJQDO VKRXOG EH RIIïô êô 6XGGHQ WHPSHUDWXUH F...

Page 255: ...ORVLYH DQG IODPPDEOH JDVHV HVLJQHG WR EH QRQðH SORVLRQðSURRIñ WKH LQYHUWHU PXVW EH KRXVHG LQ DQ H SORVLRQðSURRI SDQHOï I XVHG LQ DQ SODFH ZKHUH DQ H SORVLRQ PD RFFXU GXH WR H SORVLYH JDVHVñ GXVW DQGîRU GLUWñ WKH SDQHO PXVW FRQIRUP LQ VWUXFWXUH WR WKH EDVLF JXLGHOLQH RI WKH ODZ DQG EH RIILFLDOO DSSURYHGñ UHVXOWLQJ LQ KLJKHU SULFHï 7KH EHVW ZD LV WR DYRLG VXFK D SODFH DQG VHOHFW D QRQðKD DUGRXV SODF...

Page 256: ...ì éè ìè æíí çåè èíí ìíí ëìå åçí êç èè êéë ìåïè äëí åêí éí çí ëë ììëí äèè èë çè éèí êí ììçí ìëíí ìíëí ìçê êìç ìæèí çí äí êæ ìêåí ìèäí çæ ììí çæí éè ìåìí ìäëí äè ìéí èè ëéíí ëéèí ìæäí ëêé éæê ëæíí ìíí ìæí ìíìí 1RWHã ìï 7KH KHDW JHQHUDWHG E WKH VLQJOHðSKDVH ëíí9 FODVV LV WKH VDPH DV WKDW JHQHUDWHG E WKH WKUHHðSKDVH ëíí9 FODVVï ëï 7KH KHDW JHQHUDWHG E WKH ëíí9 FODVV LV WKH VDPH DV WKDW JHQHUDWHG E WKH...

Page 257: ...WHU KDYH WKH VDPH UDQNô ìíí æè èí ëè í ëí ìíí éí çí åí XW õø ô HDW JHQHUDWHG õøô XW YHUVXV HDW HQHUDWHG õëô UDNH XQLWðJHQHUDWHG KHDW KHQ D EUDNH XQLW LV XVHGñ KHDW LV JHQHUDWHG E WKH EUDNH XQLW DQG WKH EUDNH UHVLVWRUï ìô HDW JHQHUDWHG E WKH EUDNH XQLW õH FOXGLQJ WKDW RI WKH EUDNH UHVLVWRUô LV IRXQG DFFRUGLQJ WR WKH GLDJUDP DV VKRZQ EHORZï ëô HDW ORVV RI WKH EUDNH UHVLVWRU LV FDOFXODWHG E WKH IROOR...

Page 258: ...í 5ð èéíðèè æêè ìëïê ëííí uèíí uìííí HDW LVVLSDWLRQ UHD RI WKH QFORVHG XVWð3URRI RQWURO 3DQHO õ OO XQLWV FRQWDLQHG LQ SDQHOô QFORVHG XVWð3URRI 7 SH õ 3è ô QYHUWHU DSDFLW RVV õ5DWHGô õ ô UHD UHTXLUHG IRU KHDW GLVVLSDWLRQ õP ë ô SSUR LPDWH ER GLPHQVLRQV õPPô 5ð èëíðíïé èè íïäë éíí uçíí uëèí 5ð èëíðíïæè æí ìïë èèí uçíí uëèí 5ð èëíðìïè ììí ìïä èèí uåíí uéíí 5ð èëíðëïë ìèí ëïè åíí uåíí uéíí 5ð èëíðêïæ ...

Page 259: ...RU LQVWDOODWLRQï 6XLWDEOH IRU UHGXFWLRQ LQ SDQHO VL H DQG FRVWñ RIWHQ XVHGï RUFHG FRROLQJ HDW SLSH 19 HDW SLSH 7RWDOO HQFORVHG W SH DOORZLQJ WKH SDQHO WR EH FRPSDFWï õëô RROLQJ HIIHFW FDOFXODWLRQ ìô DOFXODWLRQ RI KHDW GLVVLSDWLRQ HQHUJ E QDWXUDO KHDW GLVVLSDWLRQ IURP SDQHO VXUIDFHã ì ì u u W ì ã HDW GLVVLSDWLRQ HQHUJ SHU VHFRQG ã IIHFWLYH KHDW GLVVLSDWLRQ DUHD P ë W ã 7HPSHUDWXUH GLIIHUHQFH EHWZHH...

Page 260: ...H LQYHUWHUï éô 3RVLWLRQV RI WZR RU PRUH LQYHUWHUV KRXVHG LQ RQH SDQHOï KHQ VHYHUDO LQYHUWHUV DUH KRXVHG LQ WKH VDPH SDQHOñ RUGLQDULO DUUDQJH WKHP DV LQGLFDWHG EHORZï I WKH LQYHUWHUV KDYH WR EH OLQHG YHUWLFDOO WR PLQLPL H WKH SDQHO VSDFHñ WKH WHPSHUDWXUH LQ WKH WRS LQYHUWHUV ULVHV GXH WR WKH KHDW RI WKH ORZHU LQYHUWHUVñ UHVXOWLQJ LQ LQYHUWHU IDLOXUHï QYHUWHU QYHUWHU RQWURO SDQHO QYHUWHU QYHUWHU QYH...

Page 261: ...KH UHVLVWRUð JHQHUDWHG KHDW õPD LPXP VXUIDFH WHPSHUDWXUH LV DSSUR LPDWHO ìèí WR êííq ô PXVW EH WDNHQ LQWR FRQVLGHUDWLRQï 7DNH PHDVXUHV WR SUHYHQW WKH FDEOHV IURP PDNLQJ FRQWDFW ZLWK WKH UHVLVWRUï 8VH KHDWðUHVLVWDQW FDEOHV õVXFK DV JODVVð EUDLGHG FDEOHVôñ RU FRYHU WKH FDEOHV ZLWK VLOLFRQH WXEHVï 8VH FDEOHV RI ëPP ë RU ODUJHU VL Hï õêô 8 EUDNH XQLW DQG GLVFKDUJH UHVLVWRU ìô QVWDOODWLRQ SRVLWLRQï RU ...

Page 262: ... QRW PDNH FRQWDFW ZLWK FDEOHV DQG IODPPDEOHVï ëô LULQJï Dô LUH WKH EUDNH XQLW õ 5ð 8ô DQG UHVLVWRU XQLWñ QRWLQJ KLJK YROWDJH DSSOLFDWLRQ DQG UHVLVWRU XQLWðJHQHUDWHG KHDWï Eô 7KH ZLULQJ GLVWDQFHV EHWZHHQ WKH LQYHUWHU DQG EUDNH XQLW DQG EHWZHHQ WKH UHVLVWRU XQLW DQG EUDNH XQLW VKRXOG EH DV VKRUW DV SRVVLEOHï I WKH GLVWDQFH H FHHGV èPñ WZLVW WKH FDEOHVï õ I WKH FDEOHV DUH WZLVWHGñ WKH GLVWDQFH PXVW Q...

Page 263: ...PLQH LWV LQVWDOODWLRQ SRVLWLRQ LQ FRQVLGHUDWLRQ RI WKH IROORZLQJã Dô KHQ XVHG LQ WKH LQYHUWHU SRZHU VXSSO FLUFXLWñ LQVWDOO WKH QRLVH ILOWHU LQ D SRVLWLRQ ZKHUH WKH ZLULQJ GLVWDQFH IURP WKH LQYHUWHU LQSXW WHUPLQDOV LV VKRUWï Eô KHQ XVHG DOVR LQ WKH LQYHUWHU RXWSXW FLUFXLWñ LQVWDOO WKH QRLVH ILOWHU LQ D SRVLWLRQ ZKHUH WKH ZLULQJ GLVWDQFH IURP WKH LQYHUWHU RXWSXW WHUPLQDOV LV WKH VKRUWHVWï õ7KH 5ð UD...

Page 264: ...WHUPLQDOV VKRXOG EH ZLWKLQ èPï 7KH ZLULQJ OHQJWK EHWZHHQ WKH ILOWHU RXWSXW WHUPLQDOV DQG PRWRU LQSXW WHUPLQDOV VKRXOG EH ZLWKLQ êíPï Fô 7KH FDEOH VL H PD EH DQ VL H LI LW LV DV UHFRPPHQGHG IRU WKH LQYHUWHUï Gô 7KH FDEOH W SH UHFRPPHQGHG IRU XVH LV D KHDWðUHVLVWDQW FDEOHï 1RWH WKDW WKH WHPSHUDWXUH RI WKH UHVLVWRU VHFWLRQ RI WKH ILOWHU ULVHV DERXW æíq ZKHQ WKH ILOWHU LV VZLWFKHG RQï 7KHUHIRUHñ LI WK...

Page 265: ...DOV õ 0ñ 6 ô RYHU D ZLULQJ GLVWDQFH RI ëííP PD LPXPï I WKH GLVWDQFH H FHHGV ëííPñ WKH GLVSOD õIUHTXHQF ô PHWHU UHDGLQJ PD UHVXOW LQ D ODUJHU HUURUï êô 5XQ WKH FRQWURO FLUFXLW FDEOHV DZD IURP WKH SRZHU OLQH RYHU WKH VKRUWHVW GLVWDQFHï DPSOH ì ã 6KLHOGHG FDEOHV QYHUWHU ìí ë è QYHUWHU ìí ë è êíP RU OHVV á RUUHFW á QFRUUHFW URQJ FRQQHFWLRQ RQQHFWLQJ WKH 6KLHOGHG DEOHV DPSOH ë ã 6KLHOGHG FDEOHV MRLQHG ...

Page 266: ...XVFHSWLEOH WR H WHUQDO QRLVHï 7KHUHIRUHñ UXQ WKH VLJQDO OLQHV DV IDU DZD DV SRVVLEOH IURP WKH SRZHU OLQHï I WKH LQYHUWHU LV FRQWUROOHG êíP RU IXUWKHU DZD IURP LWV LQVWDOODWLRQ SRVLWLRQñ LW LV UHFRPPHQGHG WR XVH DQ RI WKH IROORZLQJã Dô 6SHHG VHWWLQJ GHYLFHï 8VH WKH 5ð PRWRUL HG VSHHG VHWWHUï õ RU WKH RSHUDWLRQ LQIRUPDWLRQñ VHH WKH FRUUHVSRQGLQJ PDQXDOïô Eô WHUQDO VWDUWîVWRS VLJQDOï GG D UHOD LQ WKH...

Page 267: ... RU WKUHHðZDWWPHWHU PHWKRGï V WKH FXUUHQW LV OLDEOH WR EH LPEDODQFHG HVSHFLDOO LQ WKH LQSXW VLGHñ LW LV UHFRPPHQGHG WR XVH WKH WKUHHð ZDWWPHWHU PHWKRGï DPSOHV RI PHDVXUHPHQW YDOXH GLIIHUHQFHV SURGXFHG E GLIIHUHQW PHDVXULQJ PHWHUV DUH VKRZQ EHORZï Q HUURU ZLOO EH SURGXFHG E D GLIIHUHQFH EHWZHHQ PHDVXULQJ LQVWUXPHQWVñ HïJï SRZHU FDOFXODWLRQ W SH DQG WZRð RU WKUHHðZDWWPHWHU W SH WKUHHðSKDVH ZDWWPHWHU...

Page 268: ...SXW DQG RXWSXW VLGHV RI WKH LQYHUWHUï RZHYHUñ LI WKH FDUULHU IUHTXHQF H FHHGV èN ñ GR QRW XVH WKDW PHWHU VLQFH DQ RYHUFXUUHQW ORVV SURGXFHG LQ WKH LQWHUQDO PHWDO SDUWV RI WKH PHWHU ZLOO LQFUHDVH DQG WKH PHWHU PD EXUQ RXWï Q WKLV FDVHñ XVH DQ DSSUR LPDWHð HIIHFWLYH YDOXH W SHï V WKH LQYHUWHU LQSXW VLGH FXUUHQW LV HDVLO LPEDODQFHG õVHH 6HFWLRQ ëïéïçôñ PHDVXUHPHQW RI FXUUHQWV LQ DOO WKUHH SKDVHV LV U...

Page 269: ...WHU RXWSXW YROWDJH LV DSSUR LPDWHO ëæí WR êíí9 õDSSUR LPDWHO èéí WR çíí9 IRU WKH éíí9 FODVVô XQGHU QR ORDG DQG ORZHUV XQGHU ORDGï KHQ UHJHQHUDWLYH HQHUJ LV UHWXUQHG IURP WKH PRWRU GXULQJ GHFHOHUDWLRQñ IRU H DPSOHñ WKH FRQYHUWHU RXWSXW YROWDJH ULVHV WR QHDUO éíí9 õåíí9 IRU WKH éíí9 FODVVô PD LPXPï õ KHQ WKH FRQYHUWHU RXWSXW YROWDJH UHDFKHV DSSUR LPDWHO éíí9 IRU WKH ëíí9 FODVV RU DSSUR LPDWHO åíí9 I...

Page 270: ...IHU WR WKHVH FRQGLWLRQV VR WKDW WKH DPELHQW WHPSHUDWXUH RI WKH LQYHUWHU LV èíq RU OHVVï QYHUWHU 7 SH DELQHW 6L H õ8QLWã PPô 9HQW ROH UHD RROLQJ DQ 5ð èëíðíïæè ëìí u êçí u ìæè ìçí u çí õWRS DQG ERWWRPô 1RW UHTXLUHG 5ð èëíðìì êëí u éíí u ëéí ìêí u íæí õERWWRPô QVWDOO D FRROLQJ IDQ DW WRS RI WKH HQFORVXUH WR VXFN LQWHUQDO DLU WR WKH RXWVLGHï õ DQ DLU IORZã ìïæëPêîPLQ RU PRUHô 5ð èëíðëë RQWURO ER KDYL...

Page 271: ...R äí 5ð èéíðèïè éè 5ð èëíðæïè äí WR ìëè 5ð èéíðæïè çí 5ð èëíðìì ììè WR ìæè 5ð èéíðìì äí 5ð èëíðìè ìäí WR ëëè 5ð èéíðìè ììí 5ð èëíðìåïè ëëè WR êíí 5ð èéíðìåïè ìëè 5ð èëíðëë ëçè WR êèí 5ð èéíðëë ìèí 5ð èëíðêí êéí WR éèí 5ð èéíðêí ëëè 5ð èëíðêæ êæè WR èíí 5ð èéíðêæ ëèí 5ð èëíðéè éèí WR çíí 5ð èéíðéè êíí 5ð èëíðèè çíí 5ð èéíðèè êèí SSOLFDEOH QYHUWHU 7 SH 5DWLQJ õ ô 5ð èëíðíïì é 5ð èëíðíïë ç 5ð èëíðíïé...

Page 272: ...LRQîLQVWDOODWLRQ JXLGH VR WKDW PDFKLQHVîDSSDUDWXVHV LQFRUSRUDWLQJ LQYHUWHUV PD FRPSO ZLWK WKH 0 LUHFWLYH DV HDVLO DV SRVVLEOHï êô RZ 9ROWDJH LUHFWLYHã 6HWV IRUWK WKH VDIHW RI HOHFWULFDO HTXLSPHQW DQG EDVLFDOO UHTXLUHV WKDW DQ HOHFWULFDO HTXLSPHQW VKRXOG QRW WKUHDWHQ WKH KHDOWK DQG VDIHW RI OLYLQJ FUHDWXUHV DQG WKH VDIHW RI WKLQJV ZKHQ LW LV LQVWDOOHG DQG PDLQWDLQHG FRUUHFWO DQG RSHUDWHG SURSHUO ï ...

Page 273: ...9 FODVV LQYHUWHUVñ WKH UDWHG LQSXW YROWDJH UDQJH LV WKUHHðSKDVHñ êåí9 WR éìè9ñ èíîçí ï z RQQHFW WKH HTXLSPHQW WR WKH HDUWK VHFXUHO ï R QRW XVH DQ HDUWK OHDNDJH FLUFXLW EUHDNHU DV DQ HOHFWULF VKRFN SURWHFWRU ZLWKRXW FRQQHFWLQJ WKH HTXLSPHQW WR WKH HDUWKï z LUH WKH HDUWK WHUPLQDO LQGHSHQGHQWO ï õ R QRW FRQQHFW WZR RU PRUH FDEOHVïô z 8VH WKH QRðIXVH EUHDNHU DQG PDJQHWLF FRQWDFWRU ZKLFK FRQIRUP WR WKH...

Page 275: ... æê XWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH 3Uï èæñ 3Uï èå GMXVWPHQW RI EUDNH RSHUDWLRQ 3Uï ìíñ 3Uï ììñ 3Uï ìë 7LPLQJ RI PDJQHWLF EUDNH RSHUDWLRQ 3Uï éë LVSOD RI VSHHG HWFï 3Uï êæñ 3Uï èëñ 3Uï èê XQFWLRQ UHZULWH SUHYHQWLRQ 3Uï ææ 5HYHUVH URWDWLRQ SUHYHQWLRQ 3Uï æå 2SWLPXP DFFHOHUDWLRQîGHFHOHUDWLRQ ZLWKLQ FRQWLQXRXV UDWLQJ UDQJH 3Uï çí QHUJ ðVDYLQJ RSHUDWLRQ 3Uï çí XWRPDWLF UHVWDUW DIWHU...

Page 276: ... ë 7 7 0 ìí ë è 0 951 6 ë 6 ì 67 675 0 ìí ë è 956 û û û5 9û û21û 3 ì 0 0 3RZHU VXSSO õ1RWH ìô 7 õ1RWH êô õ RDVWLQJ LQWHUORFN WLPHUô 5HDG õ1RWH éô 5ð PDQXDO FRQWUROOHU û63 û UHTXHQF PHWHU DOLEUDWLRQ UHVLVWRU QYHUWHU 0RWRU URXQG û63 6 7û UHTXHQF VHWWLQJ SRWHQWLRPHWHU 1RWHã ìï 7KLV PDJQHWLF FRQWDFWRU LV SURYLGHG WR SUHYHQW DQ DXWRPDWLF UHVWDUW ZKHQ SRZHU LV UHVWRUHG DIWHU D SRZHU IDLOXUHï 8VH WKH VWD...

Page 277: ... ìP 5HODWHG SDUDPHWHU x 5HVHW VHOHFWLRQñ 3Uï æè 1RWHã ìï 7KLV PDJQHWLF FRQWDFWRU LV SURYLGHG WR SUHYHQW DQ DXWRPDWLF UHVWDUW ZKHQ SRZHU LV UHVWRUHG DIWHU D SRZHU IDLOXUHï 8VH WKH VWDUW VLJQDO õ21ð2 DFURVV WHUPLQDOV 67 ð6 ñ 675ð6 ô WR PDNH D VWDUW DQG VWRSï ëï 3URYLGH D FRQWURO WUDQVIRUPHU ZKHQ WKH SRZHU VXSSO LV éíí9 FODVVï êï 6HW ûìû ûUHVHW HQDEOHG RQO ZKHQ SURWHFWLYH IXQFWLRQ LV DFWLYDWHGû LQ 3U...

Page 278: ...JðFRLO W SH ìP 1RWHã ìï 7KLV PDJQHWLF FRQWDFWRU LV SURYLGHG WR SUHYHQW DQ DXWRPDWLF UHVWDUW ZKHQ SRZHU LV UHVWRUHG DIWHU D SRZHU IDLOXUHï 8VH WKH VWDUW VLJQDO õ21ð2 DFURVV WHUPLQDOV 67 ð6 ñ 675ð6 ô WR PDNH D VWDUW DQG VWRSï ëï 3URYLGH D FRQWURO WUDQVIRUPHU ZKHQ WKH SRZHU VXSSO LV éíí9 FODVVï êï 6HW ûìû ûUHVHW HQDEOHG RQO ZKHQ SURWHFWLYH IXQFWLRQ LV DFWLYDWHGû LQ 3Uï æè WR GLVDEOH UHVHWWLQJ WKH LQY...

Page 279: ...Q WKH UHYHUVH URWDWLRQ VLJQDO LV WXUQHG RQñ WKH UHJHQHUDWLYH EUDNH LV DSSOLHG GRZQ WR WKH IRUZDUG URWDWLRQ IUHTXHQF RI íïè ñ WKH RSSRVLWHðSKDVH EUDNH LV DSSOLHG DW RU OHVV WKDQ WKH VWDUWLQJ IUHTXHQF ñ DQG DFFHOHUDWLRQ LQ UHYHUVH URWDWLRQ LV VWDUWHG DW WKDW IUHTXHQF ï õ G QDPLF EUDNH LV QRW DSSOLHGïô 5 5 5 6SHHG KDQJHðRYHU IURP IRUZDUG URWDWLRQ WR UHYHUVH URWDWLRQ 7LPH FFHOHUDWLRQ 5HYHUVH URWDWLRQ ...

Page 280: ... ZKHQ SURWHFWLYH IXQFWLRQ LV DFWLYDWHGû LQ 3Uï æè WR GLVDEOH UHVHWWLQJ WKH LQYHUWHU GXULQJ QRUPDO RSHUDWLRQï õ I WKH LQYHUWHU LV UHVHW GXULQJ QRUPDO RSHUDWLRQñ WKH PRWRU FRDVWV WR D VWRSï 7KLV VHWWLQJ LV PDGH WR SUHYHQW WKH LQYHUWHU IURP UHVXOWLQJ LQ DQ DODUP LI WKH PRWRU LV VWLOO FRDVWLQJ ZKHQ WKH LQYHUWHU KDV UHWXUQHG IURP WKH UHVHW VWDWXVïô éï 3URYLGH D FRQWURO WUDQVIRUPHU ZKHQ WKH SRZHU VXSSO ...

Page 281: ...XW YROWDJH RI WKH LQYHUWHU LQFOXGHV KDUPRQLFVñ FRQWLQXRXV OHDNDJH FXUUHQW GXH WR WKH WRðJURXQG FDSDFLWDQFHV LQ WKH LQYHUWHUðWRðPRWRU HOHFWULF FKDQQHO LQFUHDVHV DQG WKH HDUWK OHDNDJH FLUFXLW EUHDNHU RU HDUWK OHDNDJH UHOD PD RSHUDWH XQQHFHVVDULO ï LUH WKH FDEOHV EHWZHHQ WKH LQYHUWHU DQG PRWRU RYHU WKH VKRUWHVW GLVWDQFH DQG LQFUHDVH WKH HOHFWULF FKDQQHOðWRðJURXQG GLVWDQFH õLïHï GLVWDQFH EHWZHHQ FDEOH...

Page 282: ...NHñ XVH WKH RXWSXW VWRS WHUPLQDO 056ð6 RI WKH LQYHUWHUï IDLOXUH WR GR VR FDXVHV D ORFN FXUUHQW WR IORZ LQ WKH PRWRU ZKHQ WKH EUDNH LV DSSOLHGñ DQG 2 7 PD RFFXUï ëï 7KH DERYH FDXWLRQ PXVW DOVR EH WDNHQ ZKHQ XVLQJ DQ RWKHU PHFKDQLFDO EUDNHï êï KHQ D PRWRU HTXLSSHG ZLWK D EUDNH LV UXQ DW RU OHVV WKDQ êí FRQWLQXRXVO ñ WKH EUDNH GLVF PD UDWWOH EXW WKH PRWRU PD EH XVHG ZLWKRXW DQ SUREOHP LI LW LV UXQ DW...

Page 283: ...WURQLF WKHUPDO UHOD SDUDPHWHU WR VZLWFK RII WKH HOHFWURQLF WKHUPDO UHOD ï ëï RZ WR VWRS WKH LQYHUWHU ZLWKRXW VZLWFKLQJ RII WKH PDJQHWLF FRQWDFWRU õ0 ô ZKHQ WKH H WHUQDO WKHUPDO UHOD LV DFWXDWHGã 8VH WKH H WHUQDO WKHUPDO UHOD LQSXW WHUPLQDO õ2 ô WR FDXVH WKH LQYHUWHU WR VWRS WKH RXWSXWï õ RU GHWDLOVñ UHIHU WR 6HFWLRQ ìïéïäïô 2 5ì 2 5ë 2 5ê 2 6 êï 0RWRU VHOHFWLRQï 1R SUREOHP ZLOO DULVH ZKHQ D VSHFLI...

Page 284: ...UHTXHQF VHWWLQJ SRWHQWLRPHWHU ë ìN 5DWLR VHWWLQJ SRWHQWLRPHWHU ìîê ìíN QYHUWHU 1Rï ì QYHUWHU 1Rï ë 7KH UDWLR VHWWLQJ SRWHQWLRPHWHU PD EH RPLWWHG E VHWWLQJ WKH IUHTXHQF VHWWLQJ JDLQîELDV IXQFWLRQ RI WKH RSHUDWLRQ SDQHO õSDUDPHWHU XQLWôï 1RWHã ìï XVLQJ WKH IUHTXHQF VHWWLQJ JDLQîELDV IXQFWLRQ RI WKH RSHUDWLRQ SDQHO õSDUDPHWHU XQLWôñ RX FDQ PDNH DGMXVWPHQW WR PDWFK WKH RXWSXW IUHTXHQFLHV RI WKH WKUHH ...

Page 285: ... UHVXOWLQJ LQ DQ 297 WULSï ëï 7KH WLPHV RI DFFHOHUDWLRQ DQG GHFHOHUDWLRQ PDGH E WKH 5ð VRIW VWDUWHU DUH DV LQGLFDWHG EHORZ DW WKH PD LPXP RXWSXW YROWDJHï õ RU WKH VSHFLILFDWLRQV RI äí VHFRQGV RU ORQJHUñ FRQWDFW WKH PDQXIDFWXUHUïô 6WDQGDUGã íïìè WR ìïê V DGMXVWDEOH ìð ë VKRUWHGã íïæè WR æïè Vï DGMXVWDEOH ìð ëð ê VKRUWHGãè WR èí Vï DGMXVWDEOH ìð ëð êð é VKRUWHGã ìí WR äí Vï DGMXVWDEOH êï 6HW WKH DFF...

Page 286: ...7 2 5 0 õ1RWH êô 8 9 0 0 0 3RZHU VXSSO QYHUWHU RUZDUG URWDWLRQ VWDUW UHTXHQF VHWWLQJ SRWHQWLRPHWHU ë ìN õ1RWH èô 0RWRU 1RWHã ìï RU WKH FRQWURO FLUFXLWñ UHIHU WR 6HFWLRQ êïçïëï ëï RU LQYHUWHU RSHUDWLRQñ WXUQ RQ 0 ë DQG 0 VLPXOWDQHRXVO ï õVWDUWðFRQQHFWLRQ RSHUDWLRQ FDQQRW EH SHUIRUPHGïô êï 3URYLGH HOHFWULFDO DQG PHFKDQLFDO LQWHUORFNV WR SUHYHQW WKH 0 ì DQG 0 ë IURP EHLQJ WXUQHG RQ DW WKH VDPH WLPHï ...

Page 287: ... SRZHU IDLOXUH õ 3 ôñ WKH PRWRU UHVWDUWV DXWRPDWLFDOO ZKHQ SRZHU LV UHVWRUHGï õ1RWH WKDW ZKHQ WKHUH LV QR 7 SH 5 LQVWDQWDQHRXV SRZHU IDLOXUH UHOD ñ WKH PRWRU LV FRDVWHG WR D VWRS ZKHQ WKH UHOD RU 06 WXUQV RIIñ DQG GRHV QRW UHVWDUW DXWRPDWLFDOO ïô êï KHQ DQ LQYHUWHU WULS RFFXUVñ LQYHUWHU RSHUDWLRQ LV FKDQJHG RYHU WR FRPPHUFLDO SRZHU VXSSO RSHUDWLRQï õ KHQ WKH 5 ì PDUNHG óê LV UHPRYHGñ FRPPHUFLDO SR...

Page 288: ...HU VXSSO RSHUDWLRQ QYHUWHU QYHUWHU RSHUDWLRQ VHOHFWLRQ QYHUWHU VWDUW RPPHUFLDO SRZHU VXSSO RSHUDWLRQ QYHUWHU WULS õ1RWH éô á KHQ VWRS SXVKEXWWRQ LV SUHVVHG LQ LQYHUWHU PRGH WKH PRWRU LV GHFHOHUDWHG WR D VWRS 3 óëã 0RGLI WKH FLUFXLW DV VKRZQ EHORZ ZKHQ SUHVVLQJ WKH VWRS SXVKEXWWRQ LQ WKH LQYHUWHU PRGH WR FRDVW WKH PRWRU WR D VWRSã 0 ë 0 ì 0 ë 0 5 ç 2 5 5ë 3 6WRS õ RPPHUFLDO SRZHU VXSSO ô 3 QYHUWHU ...

Page 289: ... 5 é õ6WRSô 5 é 6WRS QYHUWHU RSHUDWLRQ õ RPPHUFLDO SRZHU VXSSO oLQYHUWHU VZLWFKðRYHUô QYHUWHU QYHUWHU RSHUDWLRQ VWDUW QYHUWHU RSHUDWLRQ VHOHFWLRQ RPPHUFLDO SRZHU VXSSO RSHUDWLRQ QYHUWHU WULS õ1RWH éô á KHQ VWRS SXVKEXWWRQ LV SUHVVHG LQ LQYHUWHU PRGH WKH PRWRU LV GHFHOHUDWHG WR D VWRS RPPHUFLDO SRZHU VXSSO RSHUDWLRQ õ QYHUWHUoFRPPHUFLDO SRZHU VXSSO VZLWFKðRYHUô óéã 0RGLI WKH FLUFXLW DV VKRZQ EHORZ ...

Page 290: ...QJ WLPHñ 3Uï ìêæ x ODUPðWLPH FRPPHUFLDO SRZHU VXSSO ðLQYHUWHU VZLWFKðRYHUñ 3Uï ìêå x XWRPDWLF LQYHUWHUðFRPPHUFLDO SRZHU VXSSO VZLWFKðRYHUñ 3Uï ìêä 1RWHã ìï KHQ WKH LQYHUWHU SURWHFWLYH IXQFWLRQ LV DFWLYDWHGñ UHVHW WKH LQYHUWHU E WXUQLQJ RII WKH PDLQ EUHDNHU RQFH RU VKRUWLQJ WKH LQYHUWHU UHVHW WHUPLQDO õ5 6ô DQG õ6 ôï ëï 2SHUDWLRQ PD EH SHUIRUPHG ZLWKRXW WKH LQERDUG RSWLRQï Q WKLV FDVHñ KRZHYHUñ D ë...

Page 291: ...LQVWDQWDQHRXV SRZHU IDLOXUH RI ORQJHU WKDQ ìèPV RFFXUV GXULQJ LQYHUWHU RSHUDWLRQï 1RWHã ìï 7KH VWDUW VLJQDO õ67 ô PXVW EH RQ ZKHQ SRZHU LV UHVWRUHGï 5HVWDUW FDQQRW EH PDGH LI WKH VWDUW VLJQDO LV WXUQHG RII E WKH VHOIðKROGLQJ FLUFXLW GXH WR D SRZHU IDLOXUHï ëï 5HIHU WR WKH LQVWUXFWLRQ PDQXDO IRU RWKHU RSHUDWLRQDO GHWDLOV DQG DSSOLFDWLRQ LQVWUXFWLRQVï êï KHQ SHUIRUPLQJ WKLV RSHUDWLRQñ VKRUW WKH DERY...

Page 292: ... ODUP VLJQDO 0RWRU LDV 8SSHU OLPLW DLQ 6SHHG VHWWHU RXWSXW 5HODWHG SDUDPHWHUV x UHTXHQF VHWWLQJ FXUUHQW ELDVñ 3Uï äíé x UHTXHQF VHWWLQJ FXUUHQW JDLQñ 3Uï äíè é WR ëíP 1RWHã ìï KHQ WKH SRZHU VXSSO LV éíí9 FODVVñ SURYLGH D FRQWURO WUDQVIRUPHUï 8VLQJ WKH VHWWLQJ IXQFWLRQ RI WKH RSHUDWLRQ SDQHO õSDUDPHWHU XQLWôñ RX FDQ VHW WKH UHODWLRQVKLS EHWZHHQ VSHHG VHWWHU RXWSXW DQG RXWSXW IUHTXHQF DV VKRZQ DERYH...

Page 293: ...KH ORZHU VSHHG KDV SUHFHGHQFH LQ RSHUDWLRQï DPSOH KHQ WKH VSHHG FRPPDQGV DQG DUH WXUQHG RQ VLPXOWDQHRXVO ñ WKH ORZ VSHHG FRPPDQG LV XVHG LQ RSHUDWLRQï ëï 7KH 5ð èíí VHULHV æïè RU OHVV KDV D EXLOWðLQ GLVFKDUJH UHVLVWRU GHVLJQHG IRU UHJHQHUDWLYH EUDNLQJñ EXW LQ WKH DERYH GLDJUDP LW ZDV UHSODFHG E DQ HVSHFLDOO ODUJHðFDSDFLW H WHUQDO GLVFKDUJH UHVLVWRU IRU UHJHQHUDWLYH EUDNLQJï êï OVR UHIHU WR WKH FLU...

Page 294: ...WRU KDV IXOO GHFHOHUDWHG õ 8 VLJQDOôï ëï RQQHFW WHUPLQDOV ð WR WKH EUDNH FLUFXLW WR DOZD V FORVH WKH EUDNH ZKHQ DQ LQYHUWHU DODUP RFFXUVï êï 7KH EUDNH VKRXOG QRW EH RSHQHG H FHSW ZKHQ WKH LQYHUWHU SURYLGHV QRUPDO RXWSXW õ581 VLJQDO LV 21ôï éï QVWDOO DQ HPHUJHQF VWRS VZLWFK DV SURYLVLRQ DJDLQVW D IDLOXUHï Q FDVH RI DQ HPHUJHQF ñ GR QRW UHO RQ WKH HOHFWULF EUDNLQJ RI WKH LQYHUWHU EXW XVH WKH PHFKDQL...

Page 295: ...LV LQSXW WR WKH LQYHUWHUñ WKH RXWSXW LV SURYLGHG DW WKH VWDUWLQJ IUHTXHQF ñ DQG ZKHQ WKH JLYHQ IUHTXHQF õ 3Uï ëæåô LV UHDFKHGñ WKH EUDNH RSHQLQJ VLJQDO õ581ô LV RXWSXWï KHQ WKH JLYHQ WLPH õ 3Uï ëåìô KDV HODSVHG DIWHU WKH EUDNH RSHUDWLRQ FRPSOHWLRQ VLJQDO õ 8 RU 6723ô KDV EHHQ LQSXWñ WKH RXWSXW IUHTXHQF LV UDLVHG WR WKH SUHVHW VSHHGï x W VWRSã KHQ WKH VSHHG LV UHGXFHG WR WKH JLYHQ IUHTXHQF õ 3Uï ëå...

Page 296: ...FHVVLYH UHJHQHUDWLYH EUDNH GXW HWFï 0 8 9 5 õ ìô 6 õ ëô 7 õ êô 1 2 21 5 0 0 5 5 3 67 õ675ô 5 6 6 5ì õ ììô 6ì õ ëìô 0 7 7 0 3RZHU VXSSO 7 õ1RWH ëô 5HDG õ RDVWLQJ LQWHUORFN WLPHUô DLOXUH LQGLFDWRU ODPS QYHUWHU õ1RWH êô 0RWRU URXQG 6WDUW VZLWFK õ QYHUWHU UHVHWô 3 1RWHã ìï 6HW ûìû ûUHVHW HQDEOHG RQO ZKHQ SURWHFWLYH IXQFWLRQ LV DFWLYDWHGû LQ 3Uï æè WR GLVDEOH UHVHWWLQJ WKH LQYHUWHU GXULQJ QRUPDO RSHUDW...

Page 297: ... 6SHHG é 2 2 2 21 21 3Uï ëé 6SHHG è 2 2 21 2 21 3Uï ëè 6SHHG ç 2 2 21 21 2 3Uï ëç 6SHHG æ 2 2 21 21 21 3Uï ëæ 6SHHG å 2 21 2 2 2 3Uï ëêë 6SHHG ä 2 21 2 2 21 3Uï ëêê 6SHHG ìí 2 21 2 21 2 3Uï ëêé 6SHHG ìì 2 21 2 21 21 3Uï ëêè 6SHHG ìë 2 21 21 2 2 3Uï ëêç 6SHHG ìê 2 21 21 2 21 3Uï ëêæ 6SHHG ìé 2 21 21 21 2 3Uï ëêå 6SHHG ìè 2 21 21 21 21 3Uï ëêä LJKHVW VSHHG 2 21 2 2 2 2 3Uï ìñ 3Uï äíê 1RWHã RU WKH èí...

Page 298: ... VHWWLQJ SRWHQWLRPHWHU QYHUWHU õ1RWH êô 0DQXDO FRQWUROOHU 2 21 5 9 2 3DUW ë LWK MRJðGHGLFDWHG SXVKEXWWRQ ìí ë è 6 675 67 5 2 2 3 3 3 5 3 5 2 3 3 5 5 3 5 5 5 õ2IIô 3 õ RUZDUG URWDWLRQô 3 õ5HYHUVH URWDWLRQô 3 5 3 õ RUZDUG URWDWLRQ MRJô 3 õ5HYHUVH URWDWLRQ MRJô UHTXHQF VHWWLQJ SRWHQWLRPHWHU QYHUWHU õ1RWH êô 0DQXDO FRQWUROOHU 2 2 5 9 5 9 2 1RWHã ìï RJ VSHHG VHWWLQJñ 3Uï ìè õMRJ IUHTXHQF ôï ëï FFHOHUDW...

Page 299: ... ëï KHQ WKH 5ð èíí VHULHV æïè RU OHVV LV XVHG IRU F FOLF RU KHDY GXW RSHUDWLRQñ LW LV UHFRPPHQGHG WR LQVWDOO D PDJQHWLF FRQWDFWRU LQ WKH SULPDU VLGH WR SUHYHQW WKH EUDNH GLVFKDUJH UHVLVWRU IURP RYHUKHDWîEXUQRXW LI WKH UHJHQHUDWLYH EUDNH WUDQVLVWRU LV GDPDJHG GXH WR WKH WKHUPDO FDSDFLW VKRUWDJH RI WKH GLVFKDUJH UHVLVWRUñ DQ H FHVVLYH UHJHQHUDWLYH EUDNH GXW HWFï êï7XUQLQJ RQðRII WKH VLJQDO DFURVV WH...

Page 300: ...H LQYHUWHU ZLOO VWRS ZKHQ ERWK WHUPLQDOV 67 DQG 675 DUH FORVHG VLPXOWDQHRXVO ï êï XULQJ RSHUDWLRQñ VZLWFKðRYHU IURP ûIRUZDUG URWDWLRQû WR ûUHYHUVH URWDWLRQû PD EH PDGHï Q WKLV FDVHñ ZKHQ WKH UHYHUVH URWDWLRQ VLJQDO LV WXUQHG RQñ WKH UHJHQHUDWLYH EUDNH LV DSSOLHG GRZQ WR WKH IRUZDUG URWDWLRQ IUHTXHQF RI íïè ñ WKH RSSRVLWHðSKDVH EUDNH LV DSSOLHG DW RU OHVV WKDQ WKH VWDUWLQJ IUHTXHQF DQG DFFHOHUDWLRQ...

Page 301: ...H ìP 8VH 3Uï æê WR FKRRVH WKH YROWDJHV ZLWKLQ SDUHQWKHVHVï 5HODWHG SDUDPHWHUV x 5HVHW VHOHFWLRQñ 3Uï æè x 3RODULW UHYHUVLEOH VHOHFWLRQñ 3Uï æê 1RWHã ìï 7KLV PDJQHWLF FRQWDFWRU LV SURYLGHG WR SUHYHQW DQ DXWRPDWLF UHVWDUW ZKHQ SRZHU LV UHVWRUHG DIWHU D SRZHU IDLOXUHï 8VH WKH VWDUW VLJQDO õ21ð2 DFURVV WHUPLQDOV 67 ñ 675ð6 ô WR PDNH D VWDUW DQG VWRSï ëï 3URYLGH D FRQWURO WUDQVIRUPHU ZKHQ WKH SRZHU VXS...

Page 302: ...IUHTXHQF ñ 3Uï ç x 6WRSðRQðFRQWDFW H FLWLQJ FXUUHQW ORZðVSHHG PXOWLSO LQJ IDFWRUñ 3Uï ëæè x 6WRSðRQðFRQWDFW 3 0 FDUULHU IUHTXHQF ñ 3Uï ëæç x 6WRSðRQðFRQWDFW VHOHFWLRQñ 3Uï ëæí x 6HFRQG DFFHOHUDWLRQîGHFHOHUDWLRQ WLPHñ 3Uï éé x 6HFRQG GHFHOHUDWLRQ WLPHñ 3Uï éè 3Uï ééõ 3Uï éèô 1RWHã ìï I WKH VHWWLQJ RI WKH VWRSðRQðFRQWDFW H FLWLQJ FXUUHQW ORZðVSHHG PXOWLSO LQJ IDFWRU LV WRR ODUJHñ DQ RYHUFXUUHQW õ2 7...

Page 303: ......

Search results

Summary of Contents for FR-A500 Series

Reviews:

Related manuals for FR-A500 Series

Brands by name

Popular brands

Mitsubishi Electric FR-A500 Series, Technical Manual

Search results

Summary of Contents for FR-A500 Series

Reviews:

Related manuals for FR-A500 Series

Brands by name

Popular brands