5REHUW%RVFK+DXVJHUlWH*PE+
LW
&RQJUDWXOD]LRQLSHUO¶DFTXLVWRGLTXHVWR
DSSDUHFFKLRGHOQRVWURPDUFKLR%RVFK
$YHWHDFTXLVWDWRXQSURGRWWRHVWUH
PDPHQWHYDOLGRHQHVDUHWHPROWR
VRGGLVIDWWL
/HSUHVHQWLLVWUX]LRQLSHUO¶XVRGHVFULYRQR
XQDVSD]]RODPRGHOODFDSHOOLDGDULDFDOGD
FRQDFFHVVRUL
(OHPHQLGLFRPDQGR
HDFFHVVRUL
,QWHUUXWWRUHWHPSHUDWXUDSRVL]LRQLH
SRVL]LRQHFRRO
3
7DVWRGLVEORFFR
6SD]]RODWRQGDFRQVHWROHPLVWHVHWROH
QDWXUDOLSRUWDVHWROHFRQULYHVWLPHQWRLQ
FHUDPLFD
6SD]]RODFRQ±VSD]]ROHUHWUDWWLOL
SRUWDVHWROHFRQULYHVWLPHQWRLQFHUDPLFD
)HUPDFDYR
8WLOL]]R
1RQFRSULUHPDLODIXRULXVFLWDRODSUHVD
G¶DULD$VVLFXUDUVLFKHOHSUHVHG¶DULDQRQ
YHQJDQRRVWUXLWHGDSHOLHFDSHOOL,QFDVR
GLVXUULVFDOGDPHQWRDGHVGRYXWRDOOD
FRSHUWXUDGLXQDSUHVDG¶DULDODVSD]]ROD
VRI¿DQWHPRGHOODQWHVLVSHJQHDXWRPDWLFD
PHQWHHVLULDFFHQGHGRSRTXDOFKHPLQXWR
$SSOLFDUHJOLDFFHVVRULLQFRUULVSRQGHQ]D
GHOVHJQR
Ɣ
HEORFFDUOLUXRWDQGROLVXź
3HUVRVWLWXLUHXQDFFHVVRULR
SUHPHUHLOWDVWRGLVEORFFR
HGHVWUDUORUXRWDQGRORLQVHQVR
FRQWUDULR
6SD]]ROH
6FHJOLHUHODVSD]]RODDVHFRQGDGHOOD
OXQJKH]]DGHLFDSHOOLHGHOODSHWWLQDWXUD
GHVLGHUDWD
$UURWRODUHXQDVRWWLOHFLRFFDGLFDSHOOLXPLGL
DSDUWLUHGDOOHSXQWH
6SRVWDUHO¶LQWHUUXWWRUHVX³FDUH´
RVX
p
SHUDVFLXJDUHODFLRFFD
GLFDSHOOL
³FDUH´±GHOLFDWRFDOGRPHVVD
LQSLHJDGHOLFDWDSHUFDSHOOL
VRWWLOL
p
±IRUWHFDOGRPHVVDLQ
SLHJDUDSLGDSHUFDSHOOLJURVVL
$]LRQDQGRLOWDVWRFRRO
3
¿VVDUHHPRGHOODUHLOULFFLROR
FRQDULDIUHVFD
/DVSD]]RODKDOHVHWROH
UHWUDWWLOL&LzDXPHQWDOD
WHQVLRQHGHOULFFLRORHIDFLOLWD
O¶HVWUD]LRQHGHOODVSD]]RODGDOOD
FLRFFDGLFDSHOOL
&RQVLJOLR
/DVFLDUHUDIIUHGGDUHFRPSOHWD
PHQWHLFDSHOOLSULPDGLSHWWLQDUOLODSHWWLQD
WXUDGXUHUjSLDOXQJR
3HUPDJJLRULLQIRUPD]LRQLVXOWHPD6W\OLQJ
FRQJOLHOHWWURGRPHVWLFL%RVFKFRQVXOWDWH
ODSDJLQD
ZZZERVFKSHUVRQDOVW\OHFRP
'DFRQVHUYDUH
3ULPDGLULSRUUHO¶DSSDUHFFKLR
ODVFLDUORUDIIUHGGDUHHGHVWUDUUH
ODVSLQDHOHWWULFD
$YYROJHUHLOFDYRH¿VVDUORFRQ
O¶DSSRVLWRIHUPDFDYR
