νбЩНЪχСЯЫбЮПСξЪТЫЮЩНаХЫЪψеЯаСЩЯηНЯХПЯΑζЬЬШХПНаХЫЪЯΑНЪРλбабЮСιХЮСПаХЫЪЯHκРХаХЫЪηе
χХПФНЮРοЫФЪЯЫЪΑπСвХЪθНЮШЯЫЪΑςХПФНСШπНвНЪНУФΪωСЯаηНЪЧΪθФНЬаСЮЯӓаЫӓӗ
ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко
KXPDQUHVRXUFHLQIRUPDWLRQV\VWHPVHBOPVB7%
4XHVWLRQV $QVZHUV
7KHDOLJQPHQWRIWKH+50IXQFWLRQZLWKRUJDQL]DWLRQDOJRDOVWRFRQWULEXWHWRFRPSHWLWLYH
DGYDQWDJHLVUHIHUUHGWRDVBBBBBB
$ DQ+5EDODQFHGVFRUHFDUG
% VWUDWHJLFKXPDQUHVRXUFHVPDQDJHPHQW
& FRQFUHWHQHVVRUFRQJUXHQFH
' KXPDQUHVRXUFHVSURJUDPHYDOXDWLRQ
&RUUHFW$QVZHU
%VWUDWHJLFKXPDQUHVRXUFHVPDQDJHPHQW
:KDWGRHVWKHKXPDQUHVRXUFHPDQDJHPHQWIXQFWLRQZRUNWRDOLJQHPSOR\HHH[SHUWLVHZLWK"
$ KLULQJTXRWDV
ΝϋϙϚχϔϑ
% +5DFWLYLWLHV
& MREGHVFULSWLRQV
' VWUDWHJLFREMHFWLYHV
&RUUHFW$QVZHU
'VWUDWHJLFREMHFWLYHV
:KLFKRIWKHIROORZLQJLVDULVNRIDQ+5,6"
Ό ΜϚϛϊϋϔϚϙΑϋϒϖΌ
$ SULYDF\DQGVHFXULW\
% LQFUHDVHGWLPHUHTXLUHPHQWV
& LQFUHDVHGUHFUXLWPHQWFRVWV
' UHGXFHGTXDOLW\RIGHFLVLRQPDNLQJ
&RUUHFW$QVZHU
$SULYDF\DQGVHFXULW\
2QHRIWKHPDMRUSXUSRVHVRIWKHLPSOHPHQWDWLRQRIDQ+5,6LVWRDOORZ+5HPSOR\HHVWRVSHQG
OHVVWLPHRQBBBBBB
$ WUDGLWLRQDODFWLYLWLHV
% WUDQVDFWLRQDODFWLYLWLHV
& WUDQVIRUPDWLRQDODFWLYLWLHV
' WKHRUHWLFDODFWLYLWLHV
&RUUHFW$QVZHU
%WUDQVDFWLRQDODFWLYLWLHV
7KHELUWKRIWKHILHOGRIKXPDQUHVRXUFHPDQDJHPHQWWRRNSODFHGXULQJWKHBBBBBBHUD
$ ³WKH&ORXG´DQG0RELOH7HFKQRORJ\
% SRVW±:RUOG:DU,,
& &RVW−(IIHFWLYHQHVV
' 6RFLDO,VVXHV
ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко ΝϋϙϚχϔϑΑϛϓχϔΛϋϙϕϛϘωϋΒϔόϕϘϓχϚϏϕϔΜϟϙϚϋϓϙкϙϚΎϊϏϚϏϕϔϟΛϏωώχϘϊΓϕώϔϙϕϔ ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
,ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко
&RUUHFW$QVZHU
'6RFLDO,VVXHV
:KHQGRHVDQHPSOR\HHRUSRWHQWLDOHPSOR\HHILUVWLQWHUDFWZLWKDQHPSOR\HU¶V+5,6"
$ ZKHQWKH\DUHKLUHG
% ZKHQWKH\DUHILUHG
& ZKHQWKH\FRQVLGHUZRUNLQJIRUDILUP
' RQWKHILUVWDQQLYHUVDU\RIWKHLUKLULQJ
&RUUHFW$QVZHU
&ZKHQWKH\FRQVLGHUZRUNLQJIRUDILUP
$FFRUGLQJWRWKHERRNDQ+5,6BBBBBB
$ LVGHILQHGRQO\E\WKHVRIWZDUH±KDUGZDUHFRQILJXUDWLRQLWXVHV
% LVXVHGWRVWRUHGDWDIRUXVHE\WKH0,6GHSDUWPHQW
& LQFOXGHVSHRSOHIRUPVSROLFLHVSURFHGXUHVDQGGDWD
' FDQQRWEHXVHGWRPDQLSXODWHDQGDQDO\]HGDWD
&RUUHFW$QVZHU
&LQFOXGHVSHRSOHIRUPVSROLFLHVSURFHGXUHVDQGGDWD
ΝϋϙϚχϔϑ
7RFRPSHWHLQWKHPDUNHWSODFHZKDWUHVRXUFHVGRILUPVQHHGWRDFKLHYHSURILWDQGVXUYLYH"
$ WHFKQRORJ\KXPDQDQGLQYHQWRU\
% SK\VLFDOKXPDQDQGWHFKQRORJ\
& ILQDQFLDOWHFKQRORJ\DQGLQYHQWRU\
' SK\VLFDORUJDQL]DWLRQDODQGKXPDQ
ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
&RUUHFW$QVZHU
'SK\VLFDORUJDQL]DWLRQDODQGKXPDQ
7KHBBBBBBDSSURDFKUHIHUVWRWKHRZQHUVKLSRI+5,6KDUGZDUHEHORQJVWRWKHRUJDQL]DWLRQ
UDWKHUWKDQWKHYHQGRUDIWHUSXUFKDVH
$ RQ−SUHPLVH
% RII−SUHPLVH
& PXOWLWHQDQW
' FORXGFRPSXWLQJ
&RUUHFW$QVZHU
$RQ−SUHPLVH
7KHDFWLYLWLHVGXULQJWKHSUH±:RUOG:DU,,HUDLQFOXGHGDOOWKHIROORZLQJ(;&(37IRUBBBBBB
$ UHFRUGNHHSLQJRIHPSOR\HHLQIRUPDWLRQ
% DQXQSUHFHGHQWHGLQFUHDVHLQWKHDPRXQWRIODERUOHJLVODWLRQ
& VFLHQWLILFPDQDJHPHQWDVWKHSUHYDLOLQJSKLORVRSK\
' YHU\IHZJRYHUQPHQWLQIOXHQFHVLQHPSOR\PHQWUHODWLRQV
&RUUHFW$QVZHU
&VFLHQWLILFPDQDJHPHQWDVWKHSUHYDLOLQJSKLORVRSK\
7KHKLVWRULFDOHUDLQZKLFKHPSOR\HHVVWDUWHGIRUPLQJODERUXQLRQVZDVWKHBBBBBB
$ SUH±:RUOG:DU,,HUD
% SRVW±:RUOG:DU,,HUD
ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко ΝϋϙϚχϔϑΑϛϓχϔΛϋϙϕϛϘωϋΒϔόϕϘϓχϚϏϕϔΜϟϙϚϋϓϙкϙϚΎϊϏϚϏϕϔϟΛϏωώχϘϊΓϕώϔϙϕϔ ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
,ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко
& 6RFLDO,VVXHVHUD
' &RVW−(IIHFWLYHQHVVHUD
&RUUHFW$QVZHU
%SRVW±:RUOG:DU,,HUD
:KLFKNH\KXPDQUHVRXUFHDFWLYLW\HQKDQFHVWKHFDSDELOLWLHVRIWKHRUJDQL]DWLRQHQDEOLQJ
KLJKHUOHYHOVRISHUIRUPDQFH"
$ WUDLQLQJ
% WUDGLWLRQDO
& WUDQVDFWLRQDO
' WUDQVIRUPDWLRQDO
&RUUHFW$QVZHU
'WUDQVIRUPDWLRQDO
$FRPSDQ\WKDWOHGWKH(53PDUNHWLQWKHODWH
VZDVBBBBBB
$ $SSOH
% 6$3
& 7HVOD
ΝϋϙϚχϔϑ
' 7RVKLED
&RUUHFW$QVZHU
%6$3
(QWHULQJHPSOR\HHSD\UROOLQIRUPDWLRQLVDQH[DPSOHRIDQ+5WUDQVDFWLRQDODFWLYLW\
$ 7UXH
% )DOVH
ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
&RUUHFW$QVZHU
$7UXH
5HFUXLWLQJQHZHPSOR\HHVIURPWKHH[WHUQDOODERUPDUNHWLVDQH[DPSOHRIDQ+5WUDQVDFWLRQDO
DFWLYLW\
$ 7UXH
% )DOVH
&RUUHFW$QVZHU
%)DOVH
7KHUHFUXLWPHQWDQGWUDLQLQJIXQFWLRQVRIDQ+5GHSDUWPHQWDUHWUDGLWLRQDODFWLYLWLHV
$ 7UXH
% )DOVH
&RUUHFW$QVZHU
$7UXH
7KHPRELOL]DWLRQRIODERUGXULQJ:RUOG:DU,,ZDVWKHPDLQIDFWRUOHDGLQJWRWKHGHYHORSPHQWRI
WKH+5EDODQFHGVFRUHFDUG
$ 7UXH
% )DOVH
&RUUHFW$QVZHU
%)DOVH
+5KDVEHHQVORZHUWKDQRWKHUEXVLQHVVIXQFWLRQVLQDGRSWLQJFRPSXWHUWHFKQRORJ\
ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко ΝϋϙϚχϔϑΑϛϓχϔΛϋϙϕϛϘωϋΒϔόϕϘϓχϚϏϕϔΜϟϙϚϋϓϙкϙϚΎϊϏϚϏϕϔϟΛϏωώχϘϊΓϕώϔϙϕϔ ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
, ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко
$7UXH
%)DOVH
&RUUHFW$QVZHU
$7UXH
7KHV\VWHPXVHGWRDFTXLUHVWRUHPDQLSXODWHDQDO\]HUHWULHYHDQGGLVWULEXWHLQIRUPDWLRQ
UHJDUGLQJDQRUJDQL]DWLRQ¶VKXPDQUHVRXUFHVLVFDOOHGWKHWUDGLWLRQDOLQIRUPDWLRQV\VWHP
$7UXH
%)DOVH
&RUUHFW$QVZHU
%)DOVH
$GYDQFHVLQWHFKQRORJ\KDYHHQDEOHG+5,6WRH[SDQGWKHLUIXQFWLRQDOLW\DQGEUHDGWKLQWKH
VXSSRUWRIKXPDQUHVRXUFHPDQDJHPHQW
$7UXH
%)DOVH
&RUUHFW$QVZHU
$7UXH
+5DFWLYLWLHVRUSURJUDPVWKDWLQFUHDVHWKHVWUDWHJLFLPSRUWDQFHDQGYLVLELOLW\RIWKH+5IXQFWLRQ
ΝϋϙϚχϔϑ
LQWKHILUPDUHUHIHUUHGWRDVWUDQVIRUPDWLRQDODFWLYLWLHV
$7UXH
%)DOVH
&RUUHFW$QVZHU
$7UXH
7LPH−DQG−PRWLRQVWXGLHVLQIOXHQFHGWKHVFLHQWLILFPDQDJHPHQWSKLORVRSK\RIPDQDJLQJ
ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
HPSOR\HHV
$7UXH
%)DOVH
&RUUHFW$QVZHU
$7UXH
%XVLQHVVSURFHVVUHHQJLQHHULQJDQGWKHFUHDWLRQRIWKH+5VFRUHFDUGZDVFKDUDFWHULVWLFRIWKH
&RVW−(IIHFWLYHQHVVHUD
$7UXH
%)DOVH
&RUUHFW$QVZHU
%)DOVH
%HFDXVHWKHUHLVQRRQHEHVWZD\WRVWUDWHJLFDOO\GHSOR\+5UHVRXUFHVUHVHDUFKHUV
LQFUHDVLQJO\HPSKDVL]HWKHEHVW−SUDFWLFHDSSURDFKWRVWUDWHJLF+50DVRSSRVHGWRWKHEHVW−ILW
DSSURDFK
$7UXH
%)DOVH
&RUUHFW$QVZHU
%)DOVH
,QUHFHQW\HDUVFORXG−EDVHG+5V\VWHPVKDYHEHFRPHOHVVSRSXODU
$7UXH
ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко ΝϋϙϚχϔϑΑϛϓχϔΛϋϙϕϛϘωϋΒϔόϕϘϓχϚϏϕϔΜϟϙϚϋϓϙкϙϚΎϊϏϚϏϕϔϟΛϏωώχϘϊΓϕώϔϙϕϔ ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
χХПФНЮРοЫФЪЯЫЪΑπСвХЪθНЮШЯЫЪΑςХПФНСШπНвНЪНУФΪωСЯаηНЪЧΪθФНЬаСЮЯӓаЫӓӗ
ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко
KXPDQUHVRXUFHLQIRUPDWLRQV\VWHPVHBOPVB7%
4XHVWLRQV $QVZHUV
7KHDOLJQPHQWRIWKH+50IXQFWLRQZLWKRUJDQL]DWLRQDOJRDOVWRFRQWULEXWHWRFRPSHWLWLYH
DGYDQWDJHLVUHIHUUHGWRDVBBBBBB
$ DQ+5EDODQFHGVFRUHFDUG
% VWUDWHJLFKXPDQUHVRXUFHVPDQDJHPHQW
& FRQFUHWHQHVVRUFRQJUXHQFH
' KXPDQUHVRXUFHVSURJUDPHYDOXDWLRQ
&RUUHFW$QVZHU
%VWUDWHJLFKXPDQUHVRXUFHVPDQDJHPHQW
:KDWGRHVWKHKXPDQUHVRXUFHPDQDJHPHQWIXQFWLRQZRUNWRDOLJQHPSOR\HHH[SHUWLVHZLWK"
$ KLULQJTXRWDV
ΝϋϙϚχϔϑ
% +5DFWLYLWLHV
& MREGHVFULSWLRQV
' VWUDWHJLFREMHFWLYHV
&RUUHFW$QVZHU
'VWUDWHJLFREMHFWLYHV
:KLFKRIWKHIROORZLQJLVDULVNRIDQ+5,6"
Ό ΜϚϛϊϋϔϚϙΑϋϒϖΌ
$ SULYDF\DQGVHFXULW\
% LQFUHDVHGWLPHUHTXLUHPHQWV
& LQFUHDVHGUHFUXLWPHQWFRVWV
' UHGXFHGTXDOLW\RIGHFLVLRQPDNLQJ
&RUUHFW$QVZHU
$SULYDF\DQGVHFXULW\
2QHRIWKHPDMRUSXUSRVHVRIWKHLPSOHPHQWDWLRQRIDQ+5,6LVWRDOORZ+5HPSOR\HHVWRVSHQG
OHVVWLPHRQBBBBBB
$ WUDGLWLRQDODFWLYLWLHV
% WUDQVDFWLRQDODFWLYLWLHV
& WUDQVIRUPDWLRQDODFWLYLWLHV
' WKHRUHWLFDODFWLYLWLHV
&RUUHFW$QVZHU
%WUDQVDFWLRQDODFWLYLWLHV
7KHELUWKRIWKHILHOGRIKXPDQUHVRXUFHPDQDJHPHQWWRRNSODFHGXULQJWKHBBBBBBHUD
$ ³WKH&ORXG´DQG0RELOH7HFKQRORJ\
% SRVW±:RUOG:DU,,
& &RVW−(IIHFWLYHQHVV
' 6RFLDO,VVXHV
ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко ΝϋϙϚχϔϑΑϛϓχϔΛϋϙϕϛϘωϋΒϔόϕϘϓχϚϏϕϔΜϟϙϚϋϓϙкϙϚΎϊϏϚϏϕϔϟΛϏωώχϘϊΓϕώϔϙϕϔ ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
,ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко
&RUUHFW$QVZHU
'6RFLDO,VVXHV
:KHQGRHVDQHPSOR\HHRUSRWHQWLDOHPSOR\HHILUVWLQWHUDFWZLWKDQHPSOR\HU¶V+5,6"
$ ZKHQWKH\DUHKLUHG
% ZKHQWKH\DUHILUHG
& ZKHQWKH\FRQVLGHUZRUNLQJIRUDILUP
' RQWKHILUVWDQQLYHUVDU\RIWKHLUKLULQJ
&RUUHFW$QVZHU
&ZKHQWKH\FRQVLGHUZRUNLQJIRUDILUP
$FFRUGLQJWRWKHERRNDQ+5,6BBBBBB
$ LVGHILQHGRQO\E\WKHVRIWZDUH±KDUGZDUHFRQILJXUDWLRQLWXVHV
% LVXVHGWRVWRUHGDWDIRUXVHE\WKH0,6GHSDUWPHQW
& LQFOXGHVSHRSOHIRUPVSROLFLHVSURFHGXUHVDQGGDWD
' FDQQRWEHXVHGWRPDQLSXODWHDQGDQDO\]HGDWD
&RUUHFW$QVZHU
&LQFOXGHVSHRSOHIRUPVSROLFLHVSURFHGXUHVDQGGDWD
ΝϋϙϚχϔϑ
7RFRPSHWHLQWKHPDUNHWSODFHZKDWUHVRXUFHVGRILUPVQHHGWRDFKLHYHSURILWDQGVXUYLYH"
$ WHFKQRORJ\KXPDQDQGLQYHQWRU\
% SK\VLFDOKXPDQDQGWHFKQRORJ\
& ILQDQFLDOWHFKQRORJ\DQGLQYHQWRU\
' SK\VLFDORUJDQL]DWLRQDODQGKXPDQ
ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
&RUUHFW$QVZHU
'SK\VLFDORUJDQL]DWLRQDODQGKXPDQ
7KHBBBBBBDSSURDFKUHIHUVWRWKHRZQHUVKLSRI+5,6KDUGZDUHEHORQJVWRWKHRUJDQL]DWLRQ
UDWKHUWKDQWKHYHQGRUDIWHUSXUFKDVH
$ RQ−SUHPLVH
% RII−SUHPLVH
& PXOWLWHQDQW
' FORXGFRPSXWLQJ
&RUUHFW$QVZHU
$RQ−SUHPLVH
7KHDFWLYLWLHVGXULQJWKHSUH±:RUOG:DU,,HUDLQFOXGHGDOOWKHIROORZLQJ(;&(37IRUBBBBBB
$ UHFRUGNHHSLQJRIHPSOR\HHLQIRUPDWLRQ
% DQXQSUHFHGHQWHGLQFUHDVHLQWKHDPRXQWRIODERUOHJLVODWLRQ
& VFLHQWLILFPDQDJHPHQWDVWKHSUHYDLOLQJSKLORVRSK\
' YHU\IHZJRYHUQPHQWLQIOXHQFHVLQHPSOR\PHQWUHODWLRQV
&RUUHFW$QVZHU
&VFLHQWLILFPDQDJHPHQWDVWKHSUHYDLOLQJSKLORVRSK\
7KHKLVWRULFDOHUDLQZKLFKHPSOR\HHVVWDUWHGIRUPLQJODERUXQLRQVZDVWKHBBBBBB
$ SUH±:RUOG:DU,,HUD
% SRVW±:RUOG:DU,,HUD
ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко ΝϋϙϚχϔϑΑϛϓχϔΛϋϙϕϛϘωϋΒϔόϕϘϓχϚϏϕϔΜϟϙϚϋϓϙкϙϚΎϊϏϚϏϕϔϟΛϏωώχϘϊΓϕώϔϙϕϔ ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
,ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко
& 6RFLDO,VVXHVHUD
' &RVW−(IIHFWLYHQHVVHUD
&RUUHFW$QVZHU
%SRVW±:RUOG:DU,,HUD
:KLFKNH\KXPDQUHVRXUFHDFWLYLW\HQKDQFHVWKHFDSDELOLWLHVRIWKHRUJDQL]DWLRQHQDEOLQJ
KLJKHUOHYHOVRISHUIRUPDQFH"
$ WUDLQLQJ
% WUDGLWLRQDO
& WUDQVDFWLRQDO
' WUDQVIRUPDWLRQDO
&RUUHFW$QVZHU
'WUDQVIRUPDWLRQDO
$FRPSDQ\WKDWOHGWKH(53PDUNHWLQWKHODWH
VZDVBBBBBB
$ $SSOH
% 6$3
& 7HVOD
ΝϋϙϚχϔϑ
' 7RVKLED
&RUUHFW$QVZHU
%6$3
(QWHULQJHPSOR\HHSD\UROOLQIRUPDWLRQLVDQH[DPSOHRIDQ+5WUDQVDFWLRQDODFWLYLW\
$ 7UXH
% )DOVH
ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
&RUUHFW$QVZHU
$7UXH
5HFUXLWLQJQHZHPSOR\HHVIURPWKHH[WHUQDOODERUPDUNHWLVDQH[DPSOHRIDQ+5WUDQVDFWLRQDO
DFWLYLW\
$ 7UXH
% )DOVH
&RUUHFW$QVZHU
%)DOVH
7KHUHFUXLWPHQWDQGWUDLQLQJIXQFWLRQVRIDQ+5GHSDUWPHQWDUHWUDGLWLRQDODFWLYLWLHV
$ 7UXH
% )DOVH
&RUUHFW$QVZHU
$7UXH
7KHPRELOL]DWLRQRIODERUGXULQJ:RUOG:DU,,ZDVWKHPDLQIDFWRUOHDGLQJWRWKHGHYHORSPHQWRI
WKH+5EDODQFHGVFRUHFDUG
$ 7UXH
% )DOVH
&RUUHFW$QVZHU
%)DOVH
+5KDVEHHQVORZHUWKDQRWKHUEXVLQHVVIXQFWLRQVLQDGRSWLQJFRPSXWHUWHFKQRORJ\
ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко ΝϋϙϚχϔϑΑϛϓχϔΛϋϙϕϛϘωϋΒϔόϕϘϓχϚϏϕϔΜϟϙϚϋϓϙкϙϚΎϊϏϚϏϕϔϟΛϏωώχϘϊΓϕώϔϙϕϔ ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
, ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко
$7UXH
%)DOVH
&RUUHFW$QVZHU
$7UXH
7KHV\VWHPXVHGWRDFTXLUHVWRUHPDQLSXODWHDQDO\]HUHWULHYHDQGGLVWULEXWHLQIRUPDWLRQ
UHJDUGLQJDQRUJDQL]DWLRQ¶VKXPDQUHVRXUFHVLVFDOOHGWKHWUDGLWLRQDOLQIRUPDWLRQV\VWHP
$7UXH
%)DOVH
&RUUHFW$QVZHU
%)DOVH
$GYDQFHVLQWHFKQRORJ\KDYHHQDEOHG+5,6WRH[SDQGWKHLUIXQFWLRQDOLW\DQGEUHDGWKLQWKH
VXSSRUWRIKXPDQUHVRXUFHPDQDJHPHQW
$7UXH
%)DOVH
&RUUHFW$QVZHU
$7UXH
+5DFWLYLWLHVRUSURJUDPVWKDWLQFUHDVHWKHVWUDWHJLFLPSRUWDQFHDQGYLVLELOLW\RIWKH+5IXQFWLRQ
ΝϋϙϚχϔϑ
LQWKHILUPDUHUHIHUUHGWRDVWUDQVIRUPDWLRQDODFWLYLWLHV
$7UXH
%)DOVH
&RUUHFW$QVZHU
$7UXH
7LPH−DQG−PRWLRQVWXGLHVLQIOXHQFHGWKHVFLHQWLILFPDQDJHPHQWSKLORVRSK\RIPDQDJLQJ
ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ
HPSOR\HHV
$7UXH
%)DOVH
&RUUHFW$QVZHU
$7UXH
%XVLQHVVSURFHVVUHHQJLQHHULQJDQGWKHFUHDWLRQRIWKH+5VFRUHFDUGZDVFKDUDFWHULVWLFRIWKH
&RVW−(IIHFWLYHQHVVHUD
$7UXH
%)DOVH
&RUUHFW$QVZHU
%)DOVH
%HFDXVHWKHUHLVQRRQHEHVWZD\WRVWUDWHJLFDOO\GHSOR\+5UHVRXUFHVUHVHDUFKHUV
LQFUHDVLQJO\HPSKDVL]HWKHEHVW−SUDFWLFHDSSURDFKWRVWUDWHJLF+50DVRSSRVHGWRWKHEHVW−ILW
DSSURDFK
$7UXH
%)DOVH
&RUUHFW$QVZHU
%)DOVH
,QUHFHQW\HDUVFORXG−EDVHG+5V\VWHPVKDYHEHFRPHOHVVSRSXODU
$7UXH
ΝϋϙϚχϔϑΌώχϖϚϋϘϙкко ΝϋϙϚχϔϑΑϛϓχϔΛϋϙϕϛϘωϋΒϔόϕϘϓχϚϏϕϔΜϟϙϚϋϓϙкϙϚΎϊϏϚϏϕϔϟΛϏωώχϘϊΓϕώϔϙϕϔ ΌΜϚϛϊϋϔϚϙΑϋϒϖΌ