*5,(&+(1
3285
3280
b*,1$
b*,1$ 6WDWHU J FD Y &KU 9V 6HHVFKLOGNU|WH ]ZHL *HJHQVWHPSHO HLQHU PLW )UDXHQNRSI Q U HLQHU PLW .HU\NHLRQ 5V ) QIJHWHLOWHV ,QFXVXP PLW GUHL JHI OOWHQ )HOGHUQ +*& 0HDGRZV *URXS ,,F /HLFKWH 7|QXQJ 9V *HJHQVWHPSHO PLW .RSI X .HU\NHLRQ VV ±
6WDWHU J Y &KU 9V 3HJDVRV Q O IOLHJHQG GDUXQWHU .RSSD 5V .RSI GHU $WKHQD PLW NRULQWKLVFKHP +HOP Q O O X U YRP +DOV Δ−Ι GDKLQWHU =HXV PLW %OLW]E QGHO XQG $GOHU DXI GHU DXVJHVWUHFNWHQ /LQNHQ Q U VLW]HQG &DOFLDWL 5DYHO %&' .RULQWK +*& 'XQNOH 7|QXQJ 5V 6\PERO YHUVFKZRPPHQ VV ± (KHPDOLJHU /DJHUEHVWDQG GHU 0 QFKQHU 0 Q]KDQGOXQJ .DUO .UHVV YRU
3281 3286
6WDWHU J FD Y &KU 9V 6HHVFKLOGNU|WH LQ 'UDXIVLFKW 5V 4XDGUDWXP LQFXVXP LQ I QI )HOGHU XQWHUWHLOW +*& 0HDGRZV *URXS ,,,E 'XQNHO JHW|QW 9V HWZDV GH]HQWULHUW VV ±
6WDWHU J Y &KU 9V 1DFK OLQNV IOLHJHQGHU 3HJDVRV GDUXQWHU .RSSD 5V .RSI GHU $WKHQD PLW NRULQWKLVFKHP +HOP Q O ]ZLVFKHQ $ 3 'DKLQWHU &KLPlUH &DOFLDWL +*& 5DYHO VV ±
3287 3282
.25,17+
6WDWHU J Y &KU 9V 3HJDVRV LQ /HYDGH Q U GDUXQWHU .RSSD 5V .RSI GHU $WKHQD PLW NRULQWKLVFKHP +HOP Q U LQ 4XDGUDWXP LQFXVXP &DOFLDWL 3HJDVL /HLFKWH 7|QXQJ VV ± (UZRUEHQ LQ GHQ HU -DKUHQ EHL 0 OOHU 6ROLQJHQ
+HPLGUDFKPH J Y &KU 9V 3HJDVRV Q O IOLHJHQG 5V .RSI GHU $SKURGLWH PLW $PS\[ LP +DDU Q O GDKLQWHU Δ %&' YDU Δ KLQWHU GHP .RSI 5 5V .UDW]HU VV ±
3288
3(/23211(6 3283
.25,17+ 6WDWHU J FD Y &KU 9V 1DFK U IOLHJHQGHU 3HJDVRV GDUXQWHU .RSSD 5V .RSI GHU $WKHQD PLW NRULQWKLVFKHP +HOP LP 4XDGUDWXP LQFXVXP Q U &DOFLDWL +*& 5DYHO 9V 6FKU|WOLQJVIHKOHU VV ±
$&+b,6&+( /,*$ 0DQWLQHLD DOV $QWLJRQHLD +HPLGUDFKPH J FD Y &KU 9V .RSI GHV =HXV PLW /RUEHHUNUDQ] Q U 5V ,P .UDQ] JUR HV ; ]ZLVFKHQ $ 1 GDUXQWHU 1DPH GHV 0DJLVWUDWHV +*& 6FK|QH 7|QXQJ 9V GH]HQWULHUW JXWHV VV ±
3289
$5*26 +HPLGUDFKPH J FD Y &KU 9V :ROIVSURWRPH Q U 5V =ZHLJHWHLOWHV 4XDGUDWXP LQFXVXP GDULQ JUR HV $ GDUXQWHU 3XQNW +*& %&' 3HORSRQQHV 3DUWLHOO JHW|QW VV ±
3284
6WDWHU J Y &KU 9V 3HJDVRV Q O IOLHJHQG GDUXQWHU .RSSD 5V .RSI GHU $WKHQD PLW NRULQWKLVFKHP +HOP Q O O X U YRP +DOV Δ−Ι GDKLQWHU =HXV PLW %OLW]E QGHO XQG $GOHU DXI GHU DXVJHVWUHFNWHQ /LQNHQ Q U VLW]HQG &DOFLDWL 5DYHO %&' .RULQWK +*& 3DUWLHOO +RUQVLOEHU XQG (LVHQR[LG $XIODJHQ 6WHPSHO IHKOHU VV ±
3290
+HPLGUDFKPH J FD Y &KU 9V :ROIVSURWRPH Q U 5V 4XDGUDWXP LQFXVXP GDUXQWHU 'UHL]DFN GDUXP Δ $ 0$3 %0& +*& %&' 3HORSRQQHV 6FK|QH 7|QXQJ 9V VFKZDFK DXVJHSUlJW VV Y] ± (UZRUEHQ EHL GHU 0 Q]KDQGOXQJ 5LWWHU ' VVHOGRUI