Download as pdf or txt
Download as pdf or txt
You are on page 1of 5

 ,QWHUQHWDQGPHPHWLFV

7KH,QWHUQHWDQG0HPHWLFV
*DUU\0DUVKDOO

6FKRRORI&RPSXWLQJ6FLHQFH0LGGOHVH[8QLYHUVLW\7UHQW3DUN%UDPOH\5RDG/RQGRQ1;6
(QJODQG

HPDLO*DUU\#PG[DFXN


$EVWUDFW
7KHIXQFWLRQLQJDQGXVDJHRIWKH,QWHUQHWDUHH[DPLQHGLQWHUPVRIPHPHVDQGPHPHWLFV,WLVVKRZQWKDWPHPHWLF
V\VWHPVFDQEHGLVWLQJXLVKHGDWYDULRXVOHYHOVRI,QWHUQHWRSHUDWLRQDQGWKDWWKHVHV\VWHPVEHFRPHLQFUHDVLQJO\
VLPSOHDVWKH\PRYHIXUWKHUIURPWKHXVHUOHYHO,QWKLVZD\PHPHWLFVSURYLGHVDXQLILHGIUDPHZRUNIRUH[DPLQLQJWKH
RYHUDOOEHKDYLRXURIWKH,QWHUQHWDQGLWVXVHUV

,QWURGXFWLRQ
0HPHWLFVSURYLGHVDSRZHUIXOQHZZD\WRWKLQNDERXWWKLQJVVXFKDVIRUH[DPSOHFUHDWLYLW\ *DERUD
 7KHDLPRIWKLVSDSHULVWRXVHPHPHWLFVDVWKHEDVLVIRUREWDLQLQJDEHWWHUXQGHUVWDQGLQJRIWKH
,QWHUQHWERWKLQLWVRSHUDWLRQDQGLQWKHZD\LWLVXVHG$SULPDU\SXUSRVHRIDQHWZRUNVXFKDVWKH
,QWHUQHWLVWRVXSSRUWFRPPXQLFDWLRQ,QWKLVUROHDQGHVSHFLDOO\DVDFDUULHURIHPDLOPHVVDJHVLWVHUYHV
WRGLVSHUVHPHPHVVSUHDGLQJWKHPDFURVVWKHQHWZRUNUDSLGO\DQGDFFXUDWHO\5HFHQWO\WKHSULQFLSDOXVH
RIWKH,QWHUQHWKDVPRYHGIURPHPDLOWRWKH:RUOG:LGH:HE:KLOHHPDLOLVVWLOOZLGHO\XVHGWKH
PRYHWRWKH:RUOG:LGH:HEKDVFDXVHGDVKLIWLQHPSKDVLVIURPFDUU\LQJPHVVDJHVWRWKHVWRUDJHRI
LQWHUFRQQHFWHGGRFXPHQWV +H\OLJKHQ 7KHUHVXOWVRIWKLVFKDQJHDUHDPRQJRWKHUVWRHQVXUHWKH
ORQJHYLW\RIPHPHVDQGWROLQNWRJHWKHUUHODWHGPHPHV7KHFRQVHTXHQFHRIWKHDYDLODELOLW\RIERWKH
PDLODQGWKH:RUOG:LGH:HELVWKDWWKH,QWHUQHWLVIRULWVXVHUVDQLGHDOPHGLXPIRUWKHVSUHDG
UHSOLFDWLRQDQGVWRUDJHRIPHPHV

7KH,QWHUQHWOLNHDOOFRPSXWHUQHWZRUNVLVGHVLJQHGDQGFRQVWUXFWHGLQDOD\HUHGIDVKLRQZLWKOD\HUVRI
VRIWZDUHDGGHGWRWKHEDVLFKDUGZDUH7KHOD\HULQJIDFLOLWDWHVWKHV\QWKHVLVRIDFRPSOH[DQGFRPSOLFDWHG
V\VWHPEXWLWKDVDOZD\VEHHQGLIILFXOWWRGHVFULEHWKHRSHUDWLRQRIWKHOD\HUVLQDFRQVLVWHQWZD\VRWKDW
WKHDFWLYLWLHVLQRQHOD\HUFRXOGEHUHODWHGGLUHFWO\WRWKRVHLQDQRWKHU0RUHLPSRUWDQWO\WKHEDVLF
UDWLRQDOHIRUOD\HULQJLVWRIDFLOLWDWHPHWDV\VWHPFRQVWUXFWLRQEXWLWKDVQHYHUEHHQHQWLUHO\FOHDUWKDW
WKLVKDVEHHQDFKLHYHGLQDQ\FRKHUHQWZD\,QDQ\HYHQWLIDPDMRUSXUSRVHRIWKHQHWZRUNLVWR
FRPPXQLFDWHDQGVWRUHPHPHVRQHZRXOGH[SHFWWRILQGPHPHWLFLGHDVSUHVHQWLQLWVGHVLJQDQG
LPSOHPHQWDWLRQHYHQWKRXJKLWVGHVLJQHUVPD\QRWKDYHFDOOHGRQWKHPH[SOLFLWO\

,QIDFWDVWKLVSDSHUVKRZVLQDOLPLWHGZD\WKHIXQFWLRQLQJRIWKHYDULRXVOD\HUVFDQEHLQWHUSUHWHG
PHPHWLFDOO\6XFKDQLQWHUSUHWDWLRQLVRIYDOXHQRWRQO\LQOLQNLQJWKHSXUSRVHDQGRSHUDWLRQRIWKH
QHWZRUNEXWDOVRLQVKRZLQJWKHH[WHQWWRZKLFKWKHPHPHWLFSURFHVVHVWKHQHWZRUNLVLQWHQGHGWR
VXSSRUWPDSRQWRWKHPHPHWLFSURFHVVHVFDUULHGRXWE\WKHXQGHUO\LQJOD\HUV$FOHDUDQGGLUHFWPDSSLQJ
ZLOOLQGLFDWHDZHOOGHVLJQHGQHWZRUNZKHUHDVWKHDEVHQFHRIDQ\GLUHFWPDSSLQJZLOOQRWRQO\LQGLFDWH
VKRUWFRPLQJVDQGLQHIILFLHQFLHVLQWKHZD\WKDWWKHQHWZRUNRSHUDWHVEXWDOVRKHOSWRLGHQWLI\WKHLU
KWWSSHVSPFYXEDFEH&RQI0HPH3DS0DUVKDOOKWPO 
 ,QWHUQHWDQGPHPHWLFV

FDXVHV7KLVSDSHUWKHQLVDQDWWHPSWWRH[SRVHWKHPHPHWLFV\VWHPVDQGSURFHVVHVRFFXUULQJDW
GLIIHUHQWOHYHOVRI,QWHUQHWRSHUDWLRQ,WDOVRVKRZVKRZWKHSURFHVVHVLQDGMDFHQWOD\HUVUHODWHWRRQH
DQRWKHUZKLFKLQWXUQH[SRVHVWKHPHWDV\VWHPWUDQVLWLRQV
 

0HPHWLFVDWWKHRSHUDWLRQDOOHYHO
:HEHJLQE\FRQVLGHULQJWKH:RUOG:LGH:HE+HUHDV\VWHPRIFRQQHFWLRQVRUOLQNVLVPDLQWDLQHGLQ
DGDWDVSDFHVRWKDWWKHVSDFHFDQEHQDYLJDWHG%XWWKLVGDWDVSDFHDVZLWKHYHU\WKLQJHOVHRQWKH
,QWHUQHWLVVXSSRUWHGE\WKHXQGHUO\LQJQHWZRUNDQGWKHFRQQHFWLRQVRIWKHQHWZRUNGRQRWFRUUHVSRQG
GLUHFWO\WRWKHFRQQHFWLRQVRIWKHGDWDVSDFH7RHQVXUHWKDWWKHXVHUVRIWKHYLUWXDOZRUOGSURYLGHGE\WKH
GDWDVSDFHDUHXQDZDUHRIWKHXQGHUO\LQJQHWZRUNDQ\FRQQHFWLRQWKDWLVWREHIROORZHGLQWKHGDWDVSDFH
PXVWDXWRPDWLFDOO\EHPDSSHGRQWRDURXWHLQWKHQHWZRUN7KLVPHDQVWKDWURXWLQJLVDQDVSHFWRI
QHWZRUNRSHUDWLRQWKDWLVYLWDOWRWKHVXFFHVVRIWKH:RUOG:LGH:HEMXVWDVLWLVIRURWKHU,QWHUQHW
VHUYLFHV

5RXWLQJLVLQHVVHQFHDFKLHYHGZLWKURXWLQJWDEOHV(DFKQRGHRIWKHQHWZRUNKDVDURXWLQJWDEOHWKDW
GHWHUPLQHVIURPWKHGHVWLQDWLRQRIDPHVVDJHKRZWKDWPHVVDJHVKRXOGEHIRUZDUGHGIURPWKDWQRGH$
PHVVDJHLVGHOLYHUHGWRLWVGHVWLQDWLRQDIWHUEHLQJIRUZDUGHGLQWKLVZD\E\DVHULHVRIQRGHV,QWHUQHW
URXWLQJKRZHYHUQRWRQO\SURYLGHVURXWHVEXWDOVRSURYLGHVWKHPLQDZD\WKDWDGDSWVWRWKHVWDWHRIWKH
QHWZRUN 3DUNHU 7KHDLPRIWKLVDGDSWLYHURXWLQJLVWRSURYLGHDOOWKHXVHUVRIWKHQHWZRUNZLWK
WKHEHVWSRVVLEOHFRPPRQOHYHORIVHUYLFHUHJDUGOHVVRIWKHSDWWHUQRIWUDIILFFDUULHGE\WKHQHWZRUN7KH
DGDSWDWLRQLVFRQWUROOHGE\QHWZRUNPDQDJHPHQWFHQWUHVWKDWFROOHFWVWDWXVLQIRUPDWLRQIURPQHWZRUN
QRGHVXVHWKLVLQIRUPDWLRQWRFRQVWUXFWDUHSUHVHQWDWLRQRIWKHVWDWHRIWKHQHWZRUNDQGWKHQVHQGRXW
PHVVDJHVWRFKDQJHWKHURXWLQJWDEOHVDVQHFHVVDU\

7KLVZD\RIDFKLHYLQJDGDSWLYHURXWLQJFDQEHLQWHUSUHWHGDVDPHPHWLFV\VWHP7KHPHVVDJHVFDUU\LQJ
WKHFKDQJHVWRWKHURXWLQJWDEOHVFDQEHVHHQDVPHPHVVLQFHWKH\DUHLQHVVHQFHLQIRUPDWLRQSDWWHUQV
7KHSDWWHUQVFDQEHLQWHUSUHWHGE\QRGHVLQVXFKDZD\DVWREULQJDERXWWKHUHTXLUHGFKDQJHVWRWKH
URXWLQJWDEOHVDQGVRWRWKHEHKDYLRXURIWKHQHWZRUN7KH\VSUHDGDFURVVWKHQHWZRUNE\EHLQJ
WUDQVPLWWHGDQGFDQEHUHSOLFDWHGDVQHFHVVDU\IRUH[DPSOHLIWKHVDPHFKDQJHVDUHQHHGHGDWGLIIHUHQW
QRGHV$QHWZRUNPDQDJHPHQWFHQWUHFDXVHVWKHPHPHVWREHPRGLILHGLQDFFRUGDQFHZLWKLWV
UHSUHVHQWDWLRQRIWKHVWDWHRIWKHQHWZRUN7KHDLPRIWKHPRGLILFDWLRQLVWRFDXVHWKHRYHUDOOQHWZRUNWR
UHPDLQILWIRULWVSXUSRVHGHVSLWHLWVFKDQJLQJHQYLURQPHQW7KHV\VWHPFDQEHUHGHVFULEHGLQWHUPVRID
VRFLHW\1RGHVFDQEHVHHQDVWKHPHPEHUVRID QHWZRUNVRFLHW\ 7KHLUFDSDELOLW\LVUDWKHUOLPLWHGLQ
WKDWDVIDUDVURXWLQJLVFRQFHUQHGWKH\PHUHO\IRUZDUGWKHPHVVDJHVWKDWFRPHWRWKHP$OOWKHVDPH
WKH\FRRSHUDWHZLWKHDFKRWKHULQDQDOWUXLVWLFZD\WRVXSSRUWURXWHVDFURVVWKHQHWZRUN,QIDFWDQRGH
ZLOOKDYHQRVHQVHRIWKHRYHUDOOURXWHRIDPHVVDJHPHUHO\SDVVLQJLWRQWRWKHQH[WKRSRILWVMRXUQH\
)XUWKHULWZLOOKDYHQRNQRZOHGJHRIPHVVDJHVLQRWKHUSDUWVRIWKHQHWZRUNDQG\HWWKHRWKHUPHVVDJHV
ZLOOEHGHOLYHUHGWRWKHVDPHSHUIRUPDQFHVSHFLILFDWLRQDVWKHRQHVLWKDQGOHV7KHSXUSRVHRIWKHPHPHV
LVWRHQVXUHWKDWWKHURXWLQJWDEOHVDUHPDLQWDLQHGLQVXFKDZD\WKDWWKH QHWZRUNVRFLHW\ PHHWVLWVJRDO
QRPDWWHUKRZWKHVWDWHRIWKHQHWZRUNFKDQJHV7KHFODLPWKDWWKLVLVDPHPHWLFV\VWHPPXVWEH
DFFRPSDQLHGE\WKHULGHUWKDWLWLVUDWKHUDOLPLWHGRQH7KHPHPHVGRQRWPXWDWHRUUHFRPELQHEXWDUH
PRGLILHGE\DFHQWUDOFRQWUROOHULQUHVSRQVHWRLWVSHUFHSWLRQRIZKDWLVQHFHVVDU\,QWKHWHUPLQRORJ\
XVHGE\:LONLQV  WKHPHPHVDUHLQVWUXFWHG


0HPHWLFVDWWKHVHUYLFHOHYHO

KWWSSHVSPFYXEDFEH&RQI0HPH3DS0DUVKDOOKWPO 
 ,QWHUQHWDQGPHPHWLFV

$JHQWWHFKQRORJ\LVEHFRPLQJHYHUPRUHZLGHO\XVHGRQWKH,QWHUQHWDVDPHDQVRIVXSSRUWLQJVHUYLFHV
QRWDEO\VHDUFKHQJLQHVDQG SXVK VHUYLFHV

$QDJHQWFDQEHGHILQHGDVDPHVVDJHWKDWFDQEHVHQWLQWRWKHQHWZRUNWRSHUIRUPVRPHWDVNDQGWR
UHWXUQZLWKWKHUHVXOW6RWRJLYHDQH[DPSOH-DQJR WREHIRXQGDWKWWSZZZMDQJRFRP LVWKHQDPH
RIDQDJHQWWKDWFDQVHDUFKRQOLQH,QWHUQHWVWRUHVIRUSURGXFWDYDLODELOLW\DQGSULFHLQIRUPDWLRQ&OHDUO\
WKLVDJHQWPXVWEHDEOHWRORFDWHVLWHVRIRQOLQHVWRUHVGHWHUPLQHWKHSURGXFWVDYDLODEOHDWHDFKVLWHDQG
ILQGWKHLUSULFHV,QRWKHUZRUGVLWPXVWKDYHDFFHVVWRDSURJUDPWKDWWHOOVLWKRZWRSHUIRUPWKHWDVN
UHTXLUHGRILW$VDQLQIRUPDWLRQSDWWHUQWKDWFDQEHUHSOLFDWHGDQGVSUHDGDFURVVDQHWZRUNDQDJHQWLVD
PHPH6LQFHLWFDUULHVDSURJUDPIRUSHUIRUPLQJDWDVNLWSURYLGHVDZD\RIGLVVHPLQDWLQJWKLVSURJUDP
DQGZKHQWKHUHDUHGLIIHUHQWDJHQWVIRUWKHVDPHWDVNWKH\SURYLGHDEDVLVIRUWKHVHOHFWLRQRIWKHEHVW
ZD\RISHUIRUPLQJWKDWWDVN1RZFRQVLGHUWKHVLWXDWLRQZKHQVHYHUDODJHQWVDUULYHDWDQRGHWRFDUU\RXW
WKHLUYDULRXVWDVNV7KH\FRXOGVLPSO\TXHXHWRFDUU\RXWWKHLUWDVNVLQVXFFHVVLRQVRWKDWHYHQWXDOO\DOO
WKHWDVNVZRXOGEHGRQH,WZRXOGKRZHYHUPDNHEHWWHUXVHRIWKHVFDUFHUHVRXUFHDWWKHLUGLVSRVDOLI
WKH\FRRSHUDWHGZLWKHDFKRWKHUE\IRUH[DPSOHVKDULQJFRPPRQWDVNVDQGRUGHULQJWKHWDVNVWR
IDFLOLWDWHWKHH[HFXWLRQRIWKHRYHUDOOVHWRIWDVNV,QWKLVFDVHWKHVHWRIDJHQWVFDQEHVHHQDVDPHPH
FRPSOH[DQGZKHQWKH\FRRSHUDWHWKH\ZLOOLIQRWH[DFWO\UHFRPELQHDWOHDVWUHSURJUDPRQHDQRWKHU
,QWHUPVRIDVRFLHW\WKHDJHQWVFDQEHVHHQDVWKHPHPEHUVHDFKKDYLQJDVLQJOHSRVVLEO\FRPSOH[
FDSDELOLW\QDPHO\WRSHUIRUPWKHWDVNUHTXLUHGRIWKHP7KHRYHUDOODLPRIWKHVRFLHW\LVWRSHUIRUPWKH
VHWRIWDVNVFRQWULEXWHGE\LWVPHPEHUV

7KHTXHVWLRQWKDWDULVHVLV+RZVKRXOGWKHDJHQWVFRRSHUDWH"0HPHVIRUFRRSHUDWLRQDUHQHHGHG&R
RSHUDWLRQFDQWDNHSODFHLQPDQ\ZD\VLQFOXGLQJWKRVHWKDWDUHEHQHYROHQWRUVHOILVKGLVUXSWLYHRUFR
RSHUDWLYHDJJUHVVLYHRUVXEPLVVLYH$JHQWVDVUHSUHVHQWDWLYHVRIWKHLUGLVSDWFKHUVVKRXOGSUHVXPDEO\
FRRSHUDWHLQWKHVDPHZD\DVZRXOGWKHLUGLVSDWFKHUV7KLVPDNHVLWKDUGWRHQYLVDJHDXQLIRUPVW\OHRI
FRRSHUDWLRQIRUDJHQWVDQGDQDJHQWWKDWLVGLVSRVHGWRFRRSHUDWHLQDSDUWLFXODUVW\OHPXVWEHDEOHWR
UHDFWDSSURSULDWHO\WRDQDJHQWWKDWDWWHPSWVFRRSHUDWLRQLQDGLIIHUHQWIDVKLRQ)XUWKHUMXVWDVQRUPV
DQGODZVJRYHUQFRRSHUDWLRQLQWKHUHDOZRUOGVRLQWKHILHOGRIPXOWLDJHQWV\VWHPVLWLVDSSUHFLDWHG
WKDWVRFLDOQRUPVDQGODZVDUHUHTXLUHGIRUDJHQWFRRSHUDWLRQ &RQWHDQG)DOFRQH 7RVXPPDULVH
WKLVZHFDQVD\WKDWZKHQVHUYLFHVDUHLPSOHPHQWHGXVLQJDJHQWWHFKQRORJ\RQHDJHQWFDQEHVHHQDVD
PHPHDQGDJURXSRIDJHQWVJDWKHUHGLQWKHVDPHSODFHDVDPHPHFRPSOH[,QWKLVFRQWH[WDPHPHLV
DJDLQLQWKHWHUPLQRORJ\XVHGE\:LONLQV  DQLQWHUDFWRU7KHLQGLYLGXDOPHPHVRIDPHPH
FRPSOH[LQWHUDFWZLWKHDFKRWKHUPRGLI\LQJWKHPVHOYHVDVUHTXLUHGWRDFKLHYHWKHRYHUDOODLPRIWKH
JURXSZKLFKLVWRDFKLHYHWKHLUVHWRIWDVNVLQDZD\WKDWLVWRWKHJHQHUDOEHQHILW


0HPHWLFVDWWKHXVHUOHYHO
7KH,QWHUQHWDVPHQWLRQHGHDUOLHUVXSSRUWVWKHUDSLGDQGDFFXUDWHZRUOGZLGHWUDQVPLVVLRQRIWKHPHPHV
RILWVXVHUV7KLVLVDVXSSOHPHQWWRDQGQRWDUHSODFHPHQWIRUWKHWUDGLWLRQDOPHDQVRIVSUHDGLQJPHPHV
,WLVDOVRFOHDUO\DPHDQVZKLFKPDNHVXVHRIDGLIIHUHQWPHGLXP7RWKHH[WHQWWKDWWKHFKDUDFWHULVWLFV
RIWKHPHGLXPGLIIHUIURPWKRVHRIWKHWUDGLWLRQDOPHGLXPVRWKHUHVXOWRIGLVSHUVLQJPHPHVLVLQWXUQ
GLIIHUHQW

,WKDVEHHQDUJXHGWKDWWKH,QWHUQHW VFDSDELOLW\WRVSUHDGPHPHVDFURVVWKHZRUOGERWKDFFXUDWHO\DQG
LQVWDQWDQHRXVO\VXSSRUWVDWHQGHQF\WRZDUGVKRPRJHQHLW\LQZRUOGFXOWXUH +H\OLJKHQ 0HPHV
FDQDSSHDUDWPXFKWKHVDPHWLPHLQGLIIHUHQWSDUWVRIWKHZRUOGUHJDUGOHVVRIJHRJUDSKLFDODQGFXOWXUDO
ERXQGDULHVWRH[HUWWKHLUHIIHFWV,WKDVDOVREHHQDUJXHGWKDWWKHVSHHGRIWUDQVPLVVLRQDQGWKHUHVXOWLQJ
UDSLGFDVFDGHRIPHPHVDFURVVWKH,QWHUQHWPDNHVLWPRUHGLIILFXOWWRGLVWLQJXLVKEHWZHHQWKHPRUHDQG
OHVVYDOXDEOHPHPHV 7D\ORU 7KHUHLVDSUHPLXPRQVKRUWFDWFK\PHPHVDVRSSRVHGWRPRUH
KWWSSHVSPFYXEDFEH&RQI0HPH3DS0DUVKDOOKWPO 
 ,QWHUQHWDQGPHPHWLFV

FRPSOH[PHPHVVXFKDVOHQJWK\VWRULHV,QIHFWLRXVQHVVDVVXPHVDQLPSRUWDQFHIDUJUHDWHUWKDQWKDWRI
DWWULEXWHVWKDWPD\ZHOOKDYHJUHDWHUORQJWHUPYDOXHVXFKDVXWLOLW\DQGDXWKRULW\

:LWKWKHVHLQVLJKWVLWLVSRVVLEOHWRVNHWFKWKHHVVHQWLDOGLIIHUHQFHVEHWZHHQYLUWXDODQGUHDOZRUOG
FRPPXQLWLHV9LUWXDOFRPPXQLWLHVDUHQRWVWUXFWXUHGLQWKHVDPHZD\DVUHDOZRUOGFRPPXQLWLHV
&RQVWUDLQWVRIJHRJUDSK\DQGVWDWXVGRQRWFRPHLQWRSOD\ZKDWPDWWHUVLVDFRPPRQLQWHUHVW%XWD
GLYHUVHFROOHFWLRQRISHRSOHSHUKDSVGUDZQIURPDOOSDUWVRIWKHZRUOGDQGXQLWHGE\RQO\DFRPPRQ
LQWHUHVWQHHGVWRFRQVWUXFWLWVRZQFXOWXUH7KHQHWZRUNIDFLOLWDWHVWKLVZLWKFRPPXQLFDWLRQDQGWKH
VSUHDGRIPHPHV%XWE\FRPSDULVRQZLWKWKHUHDOZRUOGPHPHVDUHVSUHDGUDSLGO\DQGDFFXUDWHO\7KLV
FDXVHVYLUWXDOFRPPXQLWLHVWRGHYHORSFXOWXUHVWKDWDUHQDUURZRIWHQH[WUHPHDQGLQFRQVHTXHQFHUDWKHU
SUHFDULRXV 0DUVKDOO 7KHLUSUHFDULRXVQDWXUHLVUHLQIRUFHGE\WKHIDYRXULQJRILQIHFWLRXVPHPHV
RYHUPHPHVWKDWPLJKWEULQJJUHDWHUEHQHILWVLQWKHORQJWHUPLQWKDWWKHLUDGRSWLRQFDQUHVXOWLQDJDS
EHWZHHQWKHFRQFHSWLRQVRIWKHYLUWXDOZRUOGDQGWKRVHRIWKHUHDOZRUOGWKDWLVVRJUHDWDVWREHFRPH
XQVXVWDLQDEOH 8PSOHE\ 

7KHLQFUHDVHGXVHRIDJHQWVEULQJVDQRWKHUDVSHFWWRWKHVLWXDWLRQLQWKDWWKH\FDQEHXVHGWRFRQWUROWKH
PHPHVWRZKLFKWKHLUGLVSDWFKHUVDUHH[SRVHG$JHQWVDUHDNH\HOHPHQWLQWKHVRFDOOHG SXVK
WHFKQRORJ\ZLWKZKLFKXVHUVFDQVSHFLI\WKHVRUWRILQIRUPDWLRQWKH\ZDQWWRUHFHLYHDIWHUZKLFKWKH
QHWZRUNZLOO SXVK WKDWDQGRQO\WKDWLQIRUPDWLRQWRWKHP$VZLWKDQ\IRUPRI QDUURZFDVWLQJ WKLV
OHDGVWRWKHUHLQIRUFHPHQWRIH[LVWLQJEHOLHIVDQGWKHDYRLGDQFHRIWKHXQFHUWDLQW\DVVRFLDWHGZLWK
RSSRVLQJFRQIOLFWLQJRUHYHQMXVWGLIIHUHQWLGHDV 6DOHPDQG*UDW] 7KLVNLQGRIVHOHFWLYH
DWWHQWLRQSURGXFHVLQGLYLGXDOVZKRDUHXQDZDUHRIRUHYHQDIUDLGRIRWKHUYLHZVDQGRIJURXSVKROGLQJ
WKHVHYLHZV,QWXUQWKLVOHDGVWRVRFLDOIUDJPHQWDWLRQDQGWKHSURGXFWLRQRILQFRPSDWLEOHVRFLDO
VHJPHQWV

$VDILQDOSRLQWWKHJXOIEHWZHHQWKRVHZLWKDFFHVVWRWKHQHWZRUNDQGWKRVHZKRGRQRWLVDPSOLILHGE\
WKHIDFWWKDWWKHVHJURXSVH[FKDQJHGLIIHUHQWPHPHVLQGLIIHUHQWZD\V$V,QWHUQHWFXOWXUHGHYHORSVDQG
PRYHVIDUWKHUIURPUHDOZRUOGFXOWXUHLWEHFRPHVKDUGHUQRWQHFHVVDULO\WRJDLQDFFHVVEXWWRMRLQLQ
HIIHFWLYHO\RQFHDFFHVVLVJDLQHG%HVLGHVWKLVWKHUHLVWKHYHU\UHDOSRVVLELOLW\RIWKRVHZLWKDFFHVVWRWKH
QHWZRUNEHFRPLQJFXWRIIIURPWKHLUUHDOZRUOGKLVWRU\7KH\PD\KDYHQRLQWHUHVWLQLWWKRVHZKRGR
PD\QRWVKDUHWKHWHFKQLFDODQGFXOWXUDOLQWHUHVWVRIWKRVHZLWKDFFHVV7KHFRQVHTXHQFHFDQEHD
VHSDUDWLRQRIWKRVHZKRVSHQGPRVWRIWKHLUWLPHRQWKHQHWZRUNIURPWKHLURZQKLVWRU\ZKLFKFDQRQO\
VHUYHWRZLGHQIXUWKHUWKHJXOIEHWZHHQWKRVHZLWKDFFHVVDQGWKRVHZLWKRXW


&RQFOXVLRQV
7KLVSDSHUKDVVKRZQWKDWDFWLYLWLHVWDNLQJSODFHDWYDULRXVOHYHOVLQWKHRUJDQLVDWLRQRIWKH,QWHUQHWFDQ
EHLQWHUSUHWHGLQWHUPVRIPHPHVDQGPHPHWLFV7KLVSURYLGHVDXQLILHGIUDPHZRUNIRUH[DPLQLQJWKH
RYHUDOOIXQFWLRQLQJDQGEHKDYLRXURIWKH,QWHUQHW*LYHQWKDWWKH,QWHUQHWLVZLGHO\XVHGIRUWKH
FRPPXQLFDWLRQRIPHPHVWKLVXQLILHGDQDO\VLVKDVWKHUHDOEHQHILWRISURYLGLQJDQDFFRXQWRIWKH
RSHUDWLRQRIWKHQHWZRUNWKDWLVFRKHUHQWZLWKWKHXVDJHRIWKHQHWZRUN7RWKHH[WHQWWKDWWKH,QWHUQHWLV
DQDUFKHW\SDOQHWZRUNWKHVHFRQFOXVLRQVDSSO\HTXDOO\WRDQ\FRPSXWHUQHWZRUN

7KHOHYHOVKDYHEHHQH[DPLQHGVWDUWLQJIURPWKHERWWRP KDUGZDUH OHYHODQGZRUNLQJWRZDUGVWKHWRS


XVHU OHYHOWRUHYHDOWKHLUHPEHGGHGPHPHWLFV\VWHPV7KHILQGLQJVRIWKHSUHYLRXVVHFWLRQVVKRZWKDW
WKHVLPSOHPHPHWLFV\VWHPVXSSRUWHGDWWKHRSHUDWLRQDOOHYHOLQZKLFKWKHPHPHVDUHLQVWUXFWHGLVOHVV
FRPSOH[WKDQWKHV\VWHPVXSSRUWHGDWWKHVHUYLFHOHYHOZKHUHWKHPHPHVDUHLQWHUDFWRUV$JDLQWKH
V\VWHPDWWKHVHUYLFHOHYHOLVOHVVFRPSOH[WKDQWKDWDWWKHXVHUOHYHOZKLFKZLWKFHUWDLQUHVHUYDWLRQVLVD
IXOOEORZQPHPHWLFV\VWHP7KXVWKHPHPHWLFV\VWHPVXSSRUWHGDWDSDUWLFXODUOHYHOLVDOZD\VOHVV
KWWSSHVSPFYXEDFEH&RQI0HPH3DS0DUVKDOOKWPO 
 ,QWHUQHWDQGPHPHWLFV

FRPSOH[DQGH[HUWVJUHDWHUFRQWUROWKDQWKDWVXSSRUWHGE\WKHOHYHODERYH7KLVILQGLQJLVLQWXQHZLWK
WKHUDWLRQDOHIRUDGRSWLQJDOD\HUHGDSSURDFKWRWKHGHVLJQRIDFRPSOH[V\VWHPZKLFKLVWKDWWKH
DGGLWLRQRIDOD\HUDGGVIXUWKHUFDSDELOLWLHVWRWKHRYHUDOOV\VWHPE\EXLOGLQJRQWKRVHWKDWDOUHDG\H[LVW
,QWKLVZD\WKHQHWZRUNVXSSRUWVWKHFDSDELOLW\WKDWXVHUVUHTXLUHE\SURJUHVVLYHO\EXLOGLQJXSWKLV
FDSDELOLW\LQDOD\HUHGZD\ZLWKFOHDUPHWDV\VWHPWUDQVLWLRQV7KHPHPHWLFDSSURDFKDGRSWHGKHUHKDV
PDGHLWSRVVLEOHWRUHYHDOWKLVFRQVLVWHQF\RIGHVLJQDQGRSHUDWLRQLQDFRKHUHQWZD\
 

5HIHUHQFHV
&RQWH5DQG)DOFRQH5 ,&0$6 1RUPV2EOLJDWLRQVDQGFRQYHQWLRQV $,0DJD]LQH:LQWHU
SS

*DERUD/0 0HPHVWKHFUHDWLYHVSDUN :LUHG-XQHSS

+H\OLJKHQ) (YROXWLRQRIPHPHVRQWKHQHWZRUNIURPFKDLQOHWWHUVWRJOREDOEUDLQ $UV(OHFWURQLFD


&DWDORJXH,QJULG)LVFKHU HG  6SULQJHU9LHQQD1HZ<RUN 

0DUVKDOO*- 7KHQDWXUHDQGFXOWXUHRIF\EHUVSDFH &\EHUQHWLFVDQG6\VWHPV 5REHUW7UDSSO HG 


$XVWULDQ6RFLHW\IRU&\EHUQHWLF6WXGLHV9LHQQD SS

3DUNHU7 7&3,3  6DPV3XEOLVKLQJ,QGLDQDSROLV 6DOHP3DQG*UDW]5 6RFLDO


GHYHORSPHQWDQGHOHFWURQLFFRPPXQLFDWLRQWHFKQRORJLHVDFRPSDULVRQDQGFRQWUDVWRIGHYHORSHGDQG
GHYHORSLQJFRXQWULHV 3URF:RUOG0XOWLFRQIHUHQFHRQ6\VWHPV&\EHUQHWLFVDQG,QIRUPDWLFVYRO1
&DOODRVHWDO HG  ,,,6 SS

7D\ORU0$ )LFWLRQDVDUWLILFLDOOLIHH[SORULQJWKHLGHRVSKHUH &\EHUQHWLFVDQG6\VWHPV 5REHUW


7UDSSO HG  $XVWULDQ6RFLHW\IRU&\EHUQHWLF6WXGLHV9LHQQD SS

8PSOHE\6$ )RXUPRGHOVIURPF\EHUQHWLFVWRJXLGHRXUXQGHUVWDQGLQJRIF\EHUVSDFH &\EHUQHWLFV


DQG6\VWHPV 5REHUW7UDSSO HG  $XVWULDQ6RFLHW\IRU&\EHUQHWLF6WXGLHV9LHQQD SS


:LONLQV-6 :KDW VLQDPHPH"UHIOHFWLRQVIURPWKHKLVWRU\DQGSKLORVRSK\RIHYROXWLRQDU\ELRORJ\


-RXUQDORI0HPHWLFV  

KWWSSHVSPFYXEDFEH&RQI0HPH3DS0DUVKDOOKWPO 

You might also like