9g/.(5:$1'(581*
GHV 9DWHUV O % VWH GHU )UDX Q U U % VWH GHV 6RKQHV Q O GDU EHU Π 6WHUQ Θ GDUXQWHU %HL]HLFKHQ 5 'XQNHO EUDXQH 3DWLQD JXWHV VV ±
2910
$QGURQLNRV ,, XQG 0LFKDHO ,; 3DODLRORJRL Q &KU %DVLOLNRQ J FD Q &KU 0]VW .RQVWDQWLQRSHO 9V ,& ;& WKURQHQGHU &KULVWXV PLW .R GH[ 5V 0;Λ +($1Π $Π1Δ3$,. $QGURQLNRV ,, PLW %DUW U X 0LFKDHO ,; RKQH %DUW O KDOWHQ JHPHLQVDP HLQ 3DWULDUFKHQNUHX] '2& 6HDU /3& 6RPPHU 0%5 /LDQWD /%& 5 3UlJHVFKZlFKHQ IDVW Y] ± 2916
2911
2912
$QGURQLNRV ,,, 3DODLRORJRV Q &KU %DVLOLNRQ J 0]VW .RQVWDQWLQRSHO 9V 0+3 Θ9 0DULD 2UDQV VHLWOLFK LP )HOG %ā UHWU ā% 5V Δ+0+77, UHWU Γ 2 $ $1Δ,,$ O +O 'HPHWULXV GHU HLQ .UHX] YRU GHU %UXVW KlOW X U $QGURQLNRV ,,, '2& 6HDU /3& 6RPPHU 0%5 /LDQWD /%& 55 7|QXQJ VV ±
-RKDQQHV 9 3DODLRORJRV Q &KU DQRQ\P " %LOORQ 7RUQHVH J 9V $ Γ , Δ 0+ 7 +O 'HPHWULRV PLW 6FKLOG LQ GHU 5HFKWHQ X /DQ]H LQ GHU /LQNHQ 5V .UHX] GDUXP >Π2Λ,7,.@21 " LQ ]ZHL .UHLVHQ '2& 6HDU /3& 6RPPHU 0%5 /LDQWD /%& 555 /HLFKWH 7|QXQJ VV ±
%\]DQWLQLVFKHV %OHLVLHJHO HLQHV 0HJDV 6DNHOODULRV J FD -K Q &KU 9V =HQWUDO WKURQHQGH .RQVWDQWLQRSROLV " PLW =HSWHU X HUKREHQHU /LQNHQ GDQHEHQ ;(3 ;9 XPODXIHQG ,QVFKULIW 5V 6HFKV]HLOLJH ,QVFKULIW =DFRV /DXUHQW &RUSXV 555 %HLJH 3DWLQD VV Y] ±
9g/.(5:$1'(581*
2917
81%(67,007( 9g/.(5:$1'(581*6=(,7/,&+( %(,6&+/b*( LP 1DPHQ GHV 7KHRGRVLXV ,, Q &KU 7UHPLVVLV J 9V '1 7+(2'2 6,9 3) $9* GUDSLHUWH 3DQ]HUE VWH PLW 3HUOHQGLDGHP Q U 5V &2,,2% .UDQ] GDULQ .UHX] 5,& YJO ]XP 5V 7\SXV 5,& ; 6 $HOLD 3XOFKHULD 5 *ROG .UDW]HU X 'UXFN VWHOOHQ 5V *UDIILWL X 3UlJHVFKZlFKHQ VV ±
2918
9$1'$/(1 *HOLPHU Q &KU 9LHUWHOVLOLTXD J 0]VW .DUWKDJR 9V >'1 5(; *@(,,$0,5 GUD SLHUWH 3DQ]HUE VWH PLW 3HUOHQGLDGHP Q U 5V '1 GDU EHU .UHX] GDUXQWHU OLHJHQGHV / GDV *DQ]H LP .UDQ] 0,% , 0(& %0& 5 .UDW]HU 6FKU|WOLQJVULVV VV Y] ±
2919
267*27(1 *HSLGHQ XQWHU 7KHRGHULFK Q &KU 9LHUWHOVLOLTXD J Q &KU LP 1DPHQ GHV $QDVWDVLXV , 0]VW 6LUPLXP 9V ' 1 $1$67$69, 3 $* WHLOZHLVH UHWU %XFKVWDEHQ GUDSLHUWH 3DQ]HUE VWH PLW 3HU OHQGLDGHP Q U 5V 0,19,7 $50$' I U ,19,&7$ 520$ WHLOZHLVH UHWU %XFKVWDEHQ 0RQRJUDPP GHV 7KHR GHULFK 0,% YJO , 'HPR YJO 5 5V 'UXFNVWHO OH Y] ±
6,(*(/ 2913
2914
2915
5|PLVFKHV 6LHJHO DXV 7RQ J -K Q &KU 0HKU VFKLFKWLJHU .OXPSHQ DXV URWEUDXQHP 7RQ DXI GHU 2EHU IOlFKH GHU $EUXFN HLQHU UXQGHQ *HPPH 0lQQOLFKHU .RSI EHU $GOHU ]ZLVFKHQ ]ZHL 6WDQGDUWHQ Y] ±
%OHLPHGDLOORQ J FD -K Q &KU $XI GHU 9V LP 3HUONUHLV % VWH HLQHV 0DQQHV PLW +HOP X /RURV " Q O *UDXH 3DWLQD VV Y] ±
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