7$%/(2)&217(176
,1752'8&7,21
)($785(6
63(&,),&$7,216
,167$//$7,21
3UHFDXWLRQV
3DFNDJH&RQWHQWV
&211(&7,217(50,1$/6
7KH2Q%RDUG/(',QGLFDWRUV
7KH3DFL¿HU7RQHV 7KH/('6LJQDOV
7KH-XPSHUIRU%DFN/LW6HOHFWLRQ
)($785(352*5$00,1* 23(5$7,21,16758&7,216
6HW6\VWHPLQ3URJUDPPLQJ0RGHZLWK7KH0DVWHU&RGH
'LUHFW$FFHVVWR3URJUDPPLQJ0RGHZLWK7KH³'$3´&RGH±
5HIUHVK7KH6\VWHPZLWK7KH³5HIUHVKLQJ&RGH´
7KH'HIDXOW9DOXHVRI7KH.H\SDG
.(<3$'352*5$00,1*0$.(6,03/(±)RU*HQHUDO8VHUV
)($785(352*5$00,1*.(<,1$1'6725(7+('(6,5('9$/8(6
3URJUDPPLQJ&ULWHULDIRU&RGHV
5HFRUG$0DVWHU&RGH
5HFRUG$6XSHU8VHU3,1
2SHUDWLRQ$QG)XQFWLRQVRI7KH6XSHU8VHU3,1
5HFRUG7KH&RPPRQ8VHU3,1VIRU2XWSXW
5HFRUG'HOHWH3,1VRU&DUGVIRU2XWSXW
([DPSOHV±3URJUDPPLQJ$QG2SHUDWLRQ
9LVLWRU&RGHV)RU2XWSXW2QO\
&RQ¿JXUDWLRQRI7KH2XWSXW0RGHVIRU2XWSXW
3HUVRQDO6DIHW\$QG6\VWHP/RFN2XW
8VHU3,1(QWU\0RGH
3DFL¿HU7RQHV2Q2II6HOHFWLRQ
2XWSXW2SHUDWLRQ$QQRXQFHU
6WDWXV/(')ODVKLQJ2Q2IIGXULQJ6WDQGE\
,QWHOOLJHQW(JUHVV%XWWRQ±$Q8QLTXH)HDWXUHRI$&RQWHPSRUDU\.H\SDG
:KHUH$QG:K\³*RLQJ2XW´1HHGV$WWHQWLRQ
(JUHVV'HOD\DQG:DUQLQJ
&RQ¿JXUDWLRQVRI7KH(JUHVV:DUQLQJ$QG$ODUP
&ORVH7KH3URJUDPPLQJ0RGH
7+(:,5(+$51(66)25³:,(*$1''$7$287387´ ³$32'$7$,2´
6SOLWGHFRGHG.H\SDG6\VWHP
7KH:LUH+DUQHVV
$33/,&$7,21+,176)257+($8;,/,$5<7(50,1$/6
7KHWDPSHUVZLWFKLV1RUPDOO\&ORVHGZKLOHWKH
NH\SDGLVVHFXUHGRQJDQJER[,WLVRSHQZKHQ
WKHNH\SDGLVUHPRYHGIURPWKHJDQJER[7R
SUHYHQWVDERWDJHFRQQHFWWKHVHWHUPLQDOVLQ
VHULHVZLWKDKRXU1&SURWHFWLRQ]RQHRIDQ
DODUPV\VWHPLIUHTXLUHG
$7$03(51&