/,QYHUWHU
2
SHUDWL
RQV
DQG0RQLWRULQJ
±
2YHUORDG$GYDQFH1RWLFH6LJQDO
:KHQWKHRXWSXWFXUUHQWH[FHHGVDSUHVHW
YDOXHWKH>2/@WHUPLQDOVLJQDOWXUQV21
7KHSDUDPHWHU&BVHWVWKHRYHUORDG
WKUHVKROG7KHRYHUORDGGHWHFWLRQFLUFXLW
RSHUDWHVGXULQJSRZHUHGPRWRURSHUDWLRQ
DQGGXULQJUHJHQHUDWLYHEUDNLQJ7KH
RXWSXWFLUFXLWVXVHRSHQFROOHFWRU
WUDQVLVWRUVDQGDUHDFWLYHORZ
127(
7KHH[DPSOHFLUFXLWLQWKHWDEOHDERYHGULYHVDUHOD\FRLO1RWHWKHXVHRID
GLRGHWRSUHYHQWWKHQHJDWLYHJRLQJWXUQRIIVSLNHJHQHUDWHGE\WKHFRLOIURPGDPDJLQJ
WKHLQYHUWHU¶VRXWSXWWUDQVLVWRU
>2/@
6LJQDO
&
&
21
W
21
&XUUHQW
WKUHVKROG
UHJHQHUDWLRQ
SRZHUUXQQLQJ
WKUHVKROG
2SWLRQ
&RGH
7HUPLQDO
6\PERO
)XQFWLRQ1DPH
2XWSXW
6WDWH
'HVFULSWLRQ
2/
2YHUORDG$GYDQFH
1RWLFH6LJQDO
21
ZKHQRXWSXWFXUUHQWLVPRUHWKDQWKHVHWWKUHVK
ROGIRUWKHRYHUORDGVLJQDO
2))
ZKHQRXWSXWFXUUHQWLVOHVVWKDQWKHVHWWKUHVKROG
IRUWKHRYHUORDGVLJQDO
9DOLGIRURXWSXWV
5HTXLUHGVHWWLQJV
&B
1RWHV
7KHGHIDXOWYDOXHLV7RFKDQJHWKHOHYHO
IURPWKHGHIDXOWVHW&BRYHUORDGOHYHO
7KHDFFXUDF\RIWKLVIXQFWLRQLVWKHVDPHDVWKH
IXQFWLRQRIWKHRXWSXWFXUUHQWPRQLWRURQWKH>)0@
WHUPLQDOVHHSDJH
([DPSOHUHTXLUHVRXWSXWFRQILJXUDWLRQ²
VHHSDJH
5<
±
6HH,2VSHFVRQSDJH
/
+ 2
2,
)0
&0
,QYHUWHURXWSXW
WHUPLQDOFLUFXLW
2/