&HWWHIRQFWLRQHVWXWLOLVpHSRXUUpJOHUOHW\SHGHVRQ
8WLOLVH]OHVWRXFKHVŻŹSRXUGLPLQXHURXDXJPHQWHUODYDOHXUGHOpOpPHQW
&HWWHIRQFWLRQHVWXWLOLVpHSRXUUpJOHUODVRUWLHDXGLR
QXPpULTXH
$SSX\H]VXUODWRXFKH
S
T
SRXUVpOHFWLRQQHUO¶RSWLRQ©'HVFULSWLRQYLGpRª
$SSX\H]VXUODWRXFKHŸźSRXUVpOHFWLRQQHU
O¶RSWLRQ©7\SHGHVRUWLHQXPpULTXHª
$SSX\H]VXUODWRXFKHŻŹSRXUVpOHFWLRQQHUXQ
W\SHGHVRUWLHQXPpULTXHHQPR'0,
7\SHGHVRUWLHQXPpULTXH
5HWDUG$XGLR
$SSX\H]VXUODWRXFKHŸźSRXUVpOHFWLRQQHU©'pODLVDXGLRªSXLVDSSX\H]VXU(QWHURXVXW
OHERXWRQŹSRXUHQWUHUGDQVOHVRXVPHQX
'HVFULSWLRQ
YLGpR
$SSX\H]VXUŻŹ
SRXUVpOHFWLRQQHU©$FWLYpª
U[
©'pVDFWLYpª
8WLOLVDWLRQGXV\VWqPHGHPHQXV
*XLGHGXV\VWqPHGHPHQX
6RQ
6HWWLQJ
/RFN
3URJUDP
1HWZRUN
$ERXW
6RXQG
W
2II
X
W
2II
X
W
2II
X
3LFWXUH
6RXQG
W
2II
X
%DODQFH
$XWR9ROXPH/LPLW
6XUURXQG6RXQG
'ROE\$XGLR3URFHVV
'LJLWDORXWSXWW\SH
$XGLR'HOD\
9LGHR'HVFULSWLRQ
W
$XWR
X