Download as pdf or txt
Download as pdf or txt
You are on page 1of 3

&RQWDELOLWDWHDHIRUWDGDSWDUHVSD LXFRPXQLFDUH

H[SUHVLHUHFHSWDUHXQLWDWHvQGLYHUVLWDWH
,PHQV
GHVI

RDU

 SULQ RUL]RQW FDSWLYDQW

 L FRPSOH[

 SULQ SUREOHPDWLF

 FRQWDELOLWDWHD VH

vQWLPSLVSD LXvQVHQVXOLFXVHPQLILFD LDSHFDUHOHGDXDF LXQHDXPDQ

6HQVXULOH L VHPQLILFD LD VXQW GHWHUPLQDWH QXPDL GH DF LXQHD XPDQ


VSD LXOFRQWDELOLW

LLP

VXUDHVWHGDW

'LQFRORGHRULFHS
GDU L SDVLXQHD VXSUHP

 GH D FXOWLYD DGHY

FXVHQWLPHQWXOGHSOLQF
DWXQFL FkQG WLP V

GRDUGHMXGHF

UWLQLUHLSUHMXGHFDW

LOHGHYDORDUHSURSULLJkQGLULLXPDQH

LGHLOHSUHVXSXQXQDQXPLWPRGGHJkQGLUH

UXO GLQFROR GH RULFH RSUHOLWH L FRQVWUkQJHUH

FHHDFHDPGREkQGLWvQ FXQRDWHUHD PHULW

G

 GHRDUHFH vQ

UXLP GH]LQWHUHVDW L V

P FXDGHY

UDWQXPDL

 GXFHP PDL GHSDUWH FHHD FH D IRVW GHMD

vQFHSXW
'HPHUVXO GH SURJUHV QHFHVDU SUHVXSXQH XQ HIRUW FRQWLQXX HIRUWXO HVWH GH VLQJXUD
OHJH GH PLFDUH vQ VSD LXO VRFLDO LDU DGDSWDUHD VLQJXUD FRQGL LH FDUH IDFH FD HIRUWXO V
DLE

HIHFWHGHWHUPLQDWH
'DF

 QH UHIHULP OD VSD LXO VRFLDO DO FRQWDELOLW

LL DSDUHILUHDVF

 QHYRLD GH FODULILFDUH

DVXSUDURVWXULORUILQDOHDOHDF LXQLLXPDQHGHILQLWHvQFRQGL LLGHWHUPLQDWH


,GHDOXO SURSULX WLLQ HL vQ VSD LXO FRQWDELOLW
GHVLJXUFHDPDLPDUHLFHDPDLJHQHURDV

LL HVWH FXOWLYDW GH HGXFD LH GDU HVWH

SUREOHP

SHFkWGHQRELO

LGHOLFDW

SHDWkW

GHJUHDGLQPXOWHSXQFWHGHYHGHUH
$GDSWDUHvQVHDPQ


SRVLELOLWDWHDGHDJ

VLVROX LLLYDULDQWH

vQGUXPDUHXPDQ

UHOHYDQ D YDORULL PRUDOH DXWHQWLFH VHQV L VHPQLILFD LH DVXSUD DFWHORU XPDQH DVXPDWH

HILFLHQW

VW

SkQLUHGHVLQHRUGLQHPRUDO

UHVSRQVDELOvQLGHHDGHSURJUHV


VSLULWGHVDFULILFLXDEQHJD LHLSHUPDQHQW
(VWHGHVLJXURFHUWLWXGLQHIDSWXOF

H[FOXVLYDOFROLLFLRGHOLFDW

SUREOHP

'LQFROR GH SDUDGLJPD WLLQ LILF

F

XWDUH

SULQQDWXUDHLFRQWDELOLWDWHDQXHVWHGRDUXQIDSW

GHPHGLXVRFLDO
 SURSULH vQ IRUPXOD VRFLDO

HFRQRPLF FRQWDELOLWDWHD DUH XQ VWDWXW DSDUWH FDUH vL FRQIHU

 YLWDO

 D RUJDQLVPXOXL

 GUHSWXO OD UHFHSWDUH

UD LRQDOLVPUD LRQDOLWDWHUD LRQDPHQWUD LXQH


&XP UD LXQHD WLLQ LILF

 HVWH L]YRU L WHPHL DO FXQRDWHULL DXWHQWLFH FRQWDELOLWDWHD

SUHVXSXQH GH DOWIHO XQ OLPEDM LQWHOLJLELO JkQGLUH UD LXQH L FRPSRUWDPHQW XPDQ LDU vQ
H[SUHVLH LGHDO

 DILUPDUHD GHSOLQ

HJRLVPXOXLLLQGLYLGXDOLW

 D DGDSW

ULL L D HIRUWXOXL  FD R SHUPDQHQW

 JKLORWLQ

 D

LL

5HIRUPD VWUXFWXULORU vQ SODQXO FRQWDELOLW

LL HVWH GH VRUJLQWH LQWHOHFWXDO

 GDU FXP

WRWXODLFLHVWHRPHQHVFHVWHLPSHUIHFWFHHDFHQXH[FOXGHSHUIHFWLELOLWDWHD
(IRUWXOSHQWUXSURJUHVHVWHFXFHUWLWXGLQHVLQJXUDQREOH HFHVHGLVWLQJHSHRDPHQL
FH SRDWH IL PDL QRELO GHFkW DFHO DQJDMDPHQW YROXQWDU DO FDSDFLW

LL SURSULL LQGLYLGXOXL VDX

JUXSXOXLVRFLDOSHQWUXUHDOL]DUHDFXUDQGDPHQWDXQHLDF LXQLDVXPDWHUHVSRQVDELO"
/D

QLYHO

VRFLDO

VXQW

GHVLJXU

QXPHURDVH

DUJXPHQWHLLQWHUIHUHQ HvQVSD LXOFRQWDELOLW


6SD LX vQVHDPQ

JUXSXUL

LQWHUHVDWH

SULQ

FRQVHFLQ H

LL

 D GHWHUPLQD JUDQL H D VWDELOL VWUXFWXUL VHQVLELOH GHSHQGHQW GH

JUDGXOGHFXQRDWHUH
(IRUWXOLDGDSWDUHDSRWP
R GDW

ULFRQVLGHUDELOVSD LLOHGHFXQRDWHUHGDUvQDFHODLWLPS

 FX HOHPHQWHOH GLPHQVLRQDOH DSDU SURSULHW

LOH OHJDWH GH LQWHUDF LXQHD GLQWUH

DFHVWHDIDFWRULFDX]HLFRQGL LL
0LFDUHDSURSULHvQVSD LXOFRQWDELOLW

LLvQVHDPQ

5D LRQDO L LGHDO UHDOLWDWHD RELHFWLY

H[SUHVLHOLPEDMUHFHSWDUH

 GLQ VSD LXO FRQWDELOLW

LL LPSOLF

 DF LXQL

FRQFHSWH QR LXQL REVHUYD LL L H[SHULHQ H SULQ FDUH VH RE LQ VH YHKLFXOHD]
WUDQVIRUP

VHYDORULILF

LQIRUPD LLGHVSUHUHDOLWDWHDHFRQRPLF

RELHFWLY

 VH

0HGLXOHFRQRPLFLQWHJUHD]

VSD LXOFRQWDELOLW

2 DQXPH H[SUHVLH GLQ VSD LXO FRQWDELOLW

LL

LL SUHVXSXQH R H[SHULHQ

 FXDQWLILFDW

 GLQ

PHGLXOHFRQRPLF
'LPHQVLXQHDVRFLDO
5HFHSWDUHDDFWLY

LPSOLF

XQHRULLGHDOLVPVXELHFWLY

SUHVXSXQHRUHOD LHQHPLMORFLW

ED]DW

2ULFH VLVWHP GHWHUPLQDW SULQ FDUH VH SUHOXFUHD]


LQIRUPD LLGHVHPQHD]

SHFXQRDWHUH

 VH FRPXQLF

 VDX VH YDORULILF

XQOLPEDM

Q WHUPHQL WLLQ LILFL OLPEDMXO XWLOL]DW FD PLMORF GH FRPXQLFDUH SUHVXSXQH R H[SUHVLH
ORJLF

JkQGLW

GHILQLW

OH[LFLJUDPDWLF

LSUHOXFUDW

/H[LFXO FRQWDELOLW
VHPDQWLF

GXS

UHJXOLVWUXFWXUDOHSUHFLVHSULQFHHDFHGHQXPLP


LL VH UHIHU

 OD WRWDOLWDWHD HOHPHQWHORU VWUXFWXUDOH FX YDORDUH

 FH FRQVWLWXLH LQIRUPD LL VXVFHSWLELOH vQ H[SUHVLL FDOLWDWLYH GHWHUPLQDWH MXGHFDWH

vQUDSRUWFXRPHWRGRORJLHVSHFLILF

*UDPDWLFD PHFDQLVPHORU VRFLDOH DOH FRQWDELOLW

LL GHVHPQHD]

 WRWDOLWDWHD UHJXOLORU

SULYLWRDUH OD FRQVWUXF LLORU FH LDX QDWHUH vQWUH XWLOL]DWRULL UHJXOLORU OH[LFDOH SRUQLQG GH
FRQVLGHUHQWXO QHFHVLW

LL XQLW

LL GH YRFDEXODU L D UHOD LLORU FDX]

GHLQIRUPD LLEUXWHLH[SORDWDUHDRSWLP

DLQIRUPD LLORUHODERUDWH

&RQWDELOLWDWHD HVWH vQ HFRQRPLD GH SLD


PRWLYDW

 GH LQWHUHVH XPDQH vQ OHJ

  HIHFW vQWUH HPLVLXQHD

WXU

 R UH HD VWUXFWXUDW

 VRFLDO GH LQIRUPD LL L

 FX DQDOL]D L FRQWUROXO IOX[XULORU FH FDUDFWHUL]HD]

VWDUHDLHYROX LDHFRQRPLHL
(VWH XQ DGHY
HFRQRPLF
MXGHF

 LPSOLF

SULYLQ

VXUD WUDQVIRUP

ULORU HFRQRPLFH GLQ SODQXO VRFLDO HVWH UHIOH[XO VFKLPE

&XP QLPLF QX HVWH vQWkPSO

&kWLJDW

 FRQWDELOLWDWHD HVWH DQLPDW

 ILUHVF SULQ HGXFD LH DXWHQWLF


FXWGXS

(VWH SUREDELO VLQJXUD DUW

OHJHLPRUDO
 FDSDELO

V

'HV
QRELO

VXUD XQXL SHUPDQHQW  HIRUW SULQ

 vL UHOHYH RPXOXL VHQVXO LQWLP FDUH WUHEXLH V

vLJXYHUQH]HDFWHOHFXWHPHLUD LRQDOHFRQRPLFvQJ
 D FDSDFLW

VLUHDF

LLGHHFKLOLEUXSHQWUXIRORVLUHD

LORU GH FXOWLYDUH D VSLULWXOXL GH RUGLQH GHSOLQ

YkULW

DUHVSRQVDELOLW

 SXWHUHD L JXVWXO SHQWUX

LL

 GH R HYROX LH PLOHQDU

 SH DWkW GH GLILFLO

L FX

 VDX GLQ QHYRLD GH GLDORJ VRFLDO PRWLYDW GH

LQWHUHVH FRQWDELOLWDWHD vL vPSOLQHWH PHQLUHD SH P

RSWLP

 DFXP GH DFHODL VSLULW

YkULW OD RULJLQL DQVD RPXOXL FXQRDWHUHD SURSULHL LGHQWLW

DVXPDUHDFRQWLHQW

ULL GH

WRU vQ OHJLOH GH PLFDUH DOH HFRQRPLHL LDU MXGHFDUHD

VXUDWLPSXOXLLDVSD LXOXLSHFDUHOHWUDYHUVHD]

WHPHLQLFLDOXFUXOXLELQHI

UHL

LL

IDSWHORU SUHVXSXQH UHIOHF LD PHWRGLF


VXEOLP FH D GHV

 D RULF

DWLWXGLQHvQSODQXOFRQWDELOLW

DUJXPHQWHSHP

 vQ RULFH FRQGL LL FXQRDWHUHD

 FHUWLWXGLQHD FLIUHORU LDU FRQWDELOLWDWHD HVWH ED]D RELHFWLY

LvQDFHDVW
0

U WRW PDL PXOW UHFXQRVFXW IDSWXO F

 SH P

VXUD SURJUHVXOXL XPDQLW

LL SH FkW GH

 FRQWDELOLWDWHD HVWH OD VFDUD LQGLYLGXOXL L]YRU L WHPHL SHQWUX

RQHVWLWDWH
Q P

VXUD vQ FDUH FRQWDELOLWDWHD HVWH XQ LPEROG UHDO F

UH]XOWDW DO FXOWLY


SHQWUXGHVI

ULL UD LXQLL L YRLQ HL H[LVW

XUDUHDDUPRQLRDV

'LVFXW

P GHVSUH UHIRUP

LGXUDELO
 LQWHJU

 SULQ V

WUH DF LXQHD PRUDO

DWUDQVIRUP

ULORUGLQHFRQRPLH

P vQ VWUXFWXUL QRL VFKHPH PRGHOH LSRVWD]H L

WHRULL FXQRDWHP L UHFXQRDWHP vQ VROX LL GLVWLQFWH SUREOHPH QRL GHILQLP SUHJ
VWUXFWXU

 L XQ

YkULUHD HL R FDOH D IHULFLULL R JDUDQ LH

WLP L

PRUL]RQWXULGHFRPXQLFDUH

'LVWLQJHP vQWUH FXQRDWHUHD FRPXQ


DGDSWDUHD VWUXFWXUDO

 L FXQRDWHUHD DXWHQWLF

 HVWHGHIDSW FDSDFLWDWHD GH D GREkQGL WU

 L vQ HOHJHP F

WXUL GH VWUXFWXU

 FDUH V

DVLJXUHFRQFRUGDQ DVLVWHPXOXLGHFRQWDELOLWDWHFXPHGLXOSHQWUXFDUHDFHDVWDDFWLYHD]
'DF

 SXWHP DFFHSWD LGHHD GH VSD LX vQ FRQWDELOLWDWH SULQ WRW DWkWHD GLPHQVLXQL

VWUXFWXUDOHGLQSHUVSHFWLY
QHFRQWUDGLFWRULLGHWHUPLQ

FRQFHSWXDO
H[SUHVLL

H[SULPDUHDLPDQLIHVWDUHDFRRUGRQDW

vQWHUPHQL

([SUHVLD HVWH UH]XOWDWXO vPELQ


DEVWUDFW

ULL FRQFLVH GH QR LXQL L FRQFHSWH L WRWRGDW

 D XQXL FRQ LQXW LQIRUPD LRQDO 'HILQLP H[SUHVLL UHDF LRQ

 ORJLFD

P SULPLP L DVLPLO

SULQ PLMORDFH SURSULL LQIRUPD LL DDGDU UHFHSWDUHD L FRPXQLFDUHD UHSXQ vQ SDUDPHWULL
IXQF LRQDOLFRQH[LXQLOHvQWUHFRPSRQHQWHOHVLVWHPXOXL
,GHHD IXQGDPHQWDO
DFHHD D XQLW

 vQ FRQWH[WXO GLDORJXOXL QHFHVDU GLQ VSD LXO FRQWDELOLW

LL GH LQWHUHVH GLQWUH SDUWLFLSDQ LL OD VFKLPEXO GH LQIRUPD LL GLQ SHUVSHFWLYD

PRGXOXLSULQFDUHFRQWDELOLWDWHDHVWHvQ HOHDV
3ULQH[FHOHQ

DSOLFDW

LYDORULILFDW

FRQWDELOLWDWHDHVWHXQIDFWRUYLUWXDOGHSURJUHVGDUQXPDLvQP

vQFDUHWR LDFHLDFDUHVXQWFKHPD LV

VXUD XQXL FRUS FRQWDELO FRQWLHQW GH PHQLUHD

VD LDU vQ DFHVW FRQWH[W SULQ FRUS FRQWDELO VH DUH vQ YHGHUH GHRSRWULY
vQVSLULWXOLSHP

'HVLJXU F

VXUDFRQWDELOLW

7UHEXLH V
DXWHQWLF

 UHFXQRDWHP F

 LDU GLIX]LD VSD LDO

VHPQLILFD LH GHFkW SH P

 SH WR L DFHLD FDUH

LL

 vQ FRQWH[WXO PHGLXOXL VRFLDO DO FRQWDELOLW

GHHGXFD LHLIRUPDUHSURIHVLRQDO

VXUD

SDUWLFLSHODUHDOL]DUHDHLVXQWSHGHSOLQFRQWLHQ LGH

PHQLUHD ORU 8Q SURJUDP GHYLQH YLDELO SH P


DFWLYHD]

LL HVWH

LL H[LVW

 XQ FDGUXO LQVWLWX LRQDO

RFURWLWGHOHJH
 DVLPLODUHD FRQWDELOLW

LL HVWH R SUREOHP

 GH HGXFD LH

 GH FXQRWLQ H QRL vQ PHGLXO VRFLDO QX SRDWH F

VXUD SUHJ

WD VHQV L

WLULL DGHFYDWH D PLVLXQLL DFHORUD FDUH DX GHSOLQ

WDWHD

FXQRWLQ HORUQHFHVDUH
Q HOHJHUHDDGHFYDW
DPkQXLFXLQWHOLJHQ
'LQ S

PRWLYDUHDPRGDOLW

WHKQLFDLDUWDFRQWDELOLW

LORUVSHFLILFHGHUH]ROYDUHSRVLELOLWDWHDGH
LLQXSRDWHILUH]XOWDQWDUXWLQHL

FDWH GLQ PRWLYH JUHX GH H[SOLFDW vQ VSD LXO SURSULX FRQWDELOLW

LL H[LVW

 GRX

FDWHJRULLGHSUDFWLFLGHRVHELWHvQWUHHOHLFDUHVXQWMXVWLILFDWHGLIHULW
3HGHRSDUWHDVLPLODUHDSULQUHIOHF LHWLLQ LILF

SHGHDOW

SDUWHSHUSHWXDUHDUXWLQHL

5HIOHF LDHVWHDGYHUVDUXOUXWLQHL
Q PRG SDUDGR[DO DVLPLODUHD FRQWDELOLW
SRVLELOLWDWHD GH D GREkQGL DQVD FRPXQLF
FRQWDELOLW

LLWUHEXLHV

GLPHQVLXQH ILUHDVF
J

LL WLLQ LILFH QX HVWH GH OD VLQH HJDO

ULL 'DF

 VXQWHP GH DFRUG F

HYROXH]HvQPRGQHFHVDULV

 XQLYHUVDO

 DWXQFL WUHEXLH V

 FX

 VSD LXO VRFLDO DO

VHDGDSWH]HvQLQWHJUDOLWDWHDOXLODR

 VSXQHP GHVFKLV F

 VXQWHP GDWRUL V

VLPIRUPHDGHFYDWHGHLPSOLFDUH
7RFPDL GH DFHHD XQ FXUV XQLYHUVLWDU GH FRQWDELOLWDWH SXEOLF

H[SOLFH VFRSXO F

UHLD vL HVWH VXERUGRQDW

 HVWH vQ P

VXU

V

 vQWUHDJD DFWLYLWDWH GH JHVWLXQH FRQWDELO

 D

UHVXUVHORUSUHFXPLPLMORDFHOHSULQFDUHVHSRDWHUHDOL]DSURJUHVXO
 ILP GH DFRUG F

7UHEXLH V
PRGLILF
UHIHU

 vQ WHUPHQL GH HGXFD LH vQY

DUHD FRQWDELOLW

LL vL

 SDUDPHWULL L SHUVSHFWLYD vQ UDSRUW FX VSHFLILFXO WLSXOXL GH DFWLYLWDWH OD FDUH VH


8QLWDWHD GH LQWHUHVH L GH RSLQLL SULQ LQWHUPHGLXO XQXL VLVWHP FRQWDELO XQLWDU L

FRHUHQW HVWH vQ P

VXU

FRQWLLQ DVFKLPE

ULLGDULDWLWXGLQHDPRWLYDW

V

 UHIDF

 OHJ

WXUL QHFHVDUH V

&RQWLLQ D OHJLL VH WUDGXFH vQ IDSW


DXWHQWLFH

DQVD

GH]EDWHUH SUHJ
FRHUHQW

GHILQLW

DGHY

UDWHL

DXWRULW

L

LFRRUGRQDW

LP SULQ SURSULD QRDVWU


 XLW

FDUH

 H[LVW

 SH P

SUHVXSXQH

DP vQ HOHJH F

VXUD FXQRDWHULL

RSLQLH

FRPSHWHQW

 L

GDIDSW VXQWHP FX WR LLGDWRUL V

 DWLWXGLQH GLQFROR GH SUHVLXQHD FXWLHL ILHUELQ L D

DDQVDPEOXOXLGHYHQLULLFRQWDELOLW

P GH SDVLXQL L SUHMXGHF


 U

 QXPDL GDF

PRUDOH

PRPHQWXOXLGLQSHUVSHFWLYDRODU
GUHS L GDU V

 OD XQ QXPLWRU FRPXQ

WLUH VROLFLWDUH UHFHSWDUH L FRPXQLFDUH vQWUR H[SUHVLH XQLWDU

&HPXOWDPDYHDGHFkWLJDWGDF
QH GHS

 UHXQHDVF

DSURJUHVXOXL

L V

 H[DJHU

LL

P PDL SX LQ V

 ILP PDL EXQL L PDL

PkQHP FX UD LXQHD YRLQ D L LQLPD DSURDSH GH LGHDOXO FRQWDELOLW

LL

DXWHQWLFH
OSXWHPH[SOLFDvOSXWHPXUP
YDVWDvQSXWLQ

ULLvOSXWHPUHFRQVWUXLFXILHFDUHQRX

]LDWkWFkWQH

You might also like