HPSU BiBloc 11-14

HPSU BiBloc 11-14
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
%Lϣ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
+
55/4&$
5+%+;&$
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
%Lϣ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
,WDOLDQR
6RPPDULR
6RPPDULR
3DQRUDPLFDGHLFROOHJDPHQWLHOHWWULFLSHUJOLDWWXDWRUL
HVWHUQLHGLQWHUQL ,QVWDOOD]LRQH 1RWHUHODWLYHDOODGRFXPHQWD]LRQH ,QIRUPD]LRQLVXTXHVWRGRFXPHQWR 3UHFDX]LRQLJHQHUDOLGLVLFXUH]]D 1RWHUHODWLYHDOODGRFXPHQWD]LRQH 6LJQLILFDWRGHOOHDYYHUWHQ]HHGHLVLPEROL 3HUO
LQVWDOODWRUH *HQHUDOH /XRJRG
LQVWDOOD]LRQH 5HIULJHUDQWH $FTXD &LUFXLWLHOHWWULFL ,QIRUPD]LRQLUHODWLYHDOO
LQYROXFUR 8QLWjLQWHUQD 3HUGLVLPEDOODUHO
XQLWjLQWHUQD 5LPR]LRQHGHJOLDFFHVVRULGDOO
XQLWjLQWHUQD 1RWHVXOOHXQLWjHGRS]LRQL ,GHQWLILFD]LRQH (WLFKHWWDG
LGHQWLILFD]LRQH8QLWjLQWHUQD &RPELQD]LRQLSRVVLELOLGLXQLWjHGRS]LRQL (OHQFRGLRS]LRQLSHUO
XQLWjLQWHUQD 3RVVLELOLFRPELQD]LRQLGHOO
XQLWjLQWHUQDHGHOO
XQLWj
HVWHUQD 3RVVLELOLFRPELQD]LRQLGHOO
XQLWjLQWHUQDHGHO
VHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD /LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH 3DQRUDPLFD/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH ,PSRVWD]LRQHGHOVLVWHPDGLULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWH $PELHQWHVLQJROR $PELHQWLPXOWLSOL±8QD]RQD7PDQ $PELHQWLPXOWLSOL±'XH]RQH7PDQ ,PSRVWD]LRQHGLXQDIRQWHGLFDORUHDXVLOLDULDSHULO
ULVFDOGDPHQWRDPELHQWH ,PSRVWDUHLOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD /D\RXWVLVWHPD±6HUEDWRLR$&6LQWHJUDWR /D\RXWVLVWHPD±6HUEDWRLR$&6DXWRQRPR 6HOH]LRQHGHOYROXPHHGHOODWHPSHUDWXUDGHVLGHUDWD
SHULOVHUEDWRLR$&6 ,PSRVWD]LRQHHFRQILJXUD]LRQH±6HUEDWRLR$&6 3RPSD$&6SHUO
DFTXDFDOGDLVWDQWDQHD 3RPSD$&6SHUODGLVLQIH]LRQH ,PSRVWDUHODPLVXUD]LRQHHQHUJLD &DORUHSURGRWWR (QHUJLDFRQVXPDWD $OLPHQWD]LRQHDWDULIIDN:KQRUPDOH $OLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOH ,PSRVWD]LRQHGHOFRQWUROORFRQVXPRHOHWWULFR /LPLWD]LRQHSHUPDQHQWHGHOODSRWHQ]D /LPLWD]LRQHGHOODSRWHQ]DDWWLYDWDPHGLDQWHLQSXW
GLJLWDOL 3URFHVVRGLOLPLWD]LRQHGHOODSRWHQ]D ,PSRVWD]LRQHGLXQVHQVRUHGHOODWHPSHUDWXUDHVWHUQD 3UHSDUD]LRQHGHOOXRJRG
LQVWDOOD]LRQH 5HTXLVLWLGHOOXRJRG
LQVWDOOD]LRQHSHUO
XQLWjLQWHUQD 3UHSDUD]LRQHGHOOHWXED]LRQLLGUDXOLFKH 5HTXLVLWLSHULOFLUFXLWRLGUDXOLFR )RUPXODSHUFDOFRODUHODSUHSUHVVLRQHGHOVHUEDWRLR
G
HVSDQVLRQH &RQWUROORGHOYROXPHG
DFTXD 0RGLILFDGHOODSUHSUHVVLRQHGHOVHUEDWRLRGL
HVSDQVLRQH &RQWUROORGHOYROXPHG
DFTXD(VHPSL 3UHSDUD]LRQHGHOFDEODJJLRHOHWWULFR 1RWHUHODWLYHDOODSUHSDUD]LRQHGHOFDEODJJLR
HOHWWULFR 1RWHUHODWLYHDOO
DOLPHQWD]LRQHDWDULIIDN:K
SUHIHUHQ]LDOH 3DQRUDPLFDGHLFROOHJDPHQWLHOHWWULFLDGHFFH]LRQH
GHJOLDWWXDWRULHVWHUQL *XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH 3UHSDUD]LRQH $SHUWXUDGHOOHXQLWj $SHUWXUDGHOO
XQLWjLQWHUQD $SHUWXUDGHOFRSHUFKLRGHOTXDGURHOHWWULFRGHOO
XQLWj
LQWHUQD 0RQWDJJLRGHOO
XQLWjLQWHUQD ,QVWDOOD]LRQHGHOO
XQLWjLQWHUQD ,QVWDOOD]LRQHGHONLWGHOODEDFLQHOODGLGUHQDJJLR &ROOHJDPHQWRGHOODWXED]LRQHGHOO
DFTXD 3HUFROOHJDUHODWXED]LRQHGHOO
DFTXD 5LHPSLPHQWRGHOFLUFXLWRLGUDXOLFR 5LHPSLPHQWRGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
,VRODPHQWRGHOODWXED]LRQHGHOO
DFTXD &ROOHJDPHQWRGHOFDEODJJLRHOHWWULFR 1RWHVXOODFRQIRUPLWjFRQOHQRUPHHOHWWULFKH &ROOHJDPHQWRGHOFDEODJJLRHOHWWULFRDOO
XQLWjLQWHUQD
&ROOHJDPHQWRGHOO
DOLPHQWD]LRQHSULQFLSDOH &ROOHJDPHQWRGHOO
DOLPHQWD]LRQHGHOULVFDOGDWRUHGL
ULVHUYD &ROOHJDPHQWRGHOO
LQWHUIDFFLDXWHQWH &ROOHJDPHQWRGHOODYDOYRODGLLQWHUFHWWD]LRQH &ROOHJDPHQWRGHLFRQWDWRULGHOO
HQHUJLDHOHWWULFD &ROOHJDPHQWRGHOODSRPSDGHOO
DFTXDFDOGDVDQLWDULD
&ROOHJDPHQWRGHOO
XVFLWDDOODUPH &ROOHJDPHQWRGHOO
XVFLWD$77,9$72',6$77,9$72
GHOUDIIUHGGDPHQWRULVFDOGDPHQWRDPELHQWH &ROOHJDPHQWRGHOODFRPPXWD]LRQHDOODIRQWHGL
FDORUHHVWHUQD &ROOHJDPHQWRGHJOLLQSXWGLJLWDOLSHULOFRQVXPRGL
FRUUHQWH )LQLWXUDGHOO
LQVWDOOD]LRQHGHOO
XQLWjLQWHUQD )LVVDJJLRGHOFRSHUFKLRGHOO
LQWHUIDFFLDXWHQWH
DOO
XQLWjLQWHUQD &KLXVXUDGHOO
XQLWjLQWHUQD 3DQRUDPLFD&RQILJXUD]LRQH &ROOHJDPHQWRGHOFDYRGHO3&DOTXDGURHOHWWULFR $FFHVVRDLFRPDQGLSLXWLOL]]DWL &RSLDGHOOHLPSRVWD]LRQLGHOVLVWHPDGDOODSULPDDOOD
VHFRQGDLQWHUIDFFLDXWHQWH 3URFHGXUDJXLGDWDUDSLGD,PSRVWD]LRQHGHOOD\RXW
VLVWHPDGRSRODSULPD$77,9$=,21( &RQILJXUD]LRQHEDVH 3URFHGXUDJXLGDWDUDSLGD/LQJXDRUDHGDWD 3URFHGXUDJXLGDWDUDSLGD6WDQGDUG 3URFHGXUDJXLGDWDUDSLGD2S]LRQL 3URFHGXUDJXLGDWDUDSLGD&DSDFLWjPLVXUD]LRQH
HQHUJLD &RQWUROORGHOULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWH &RQWUROORGHOO
DFTXDFDOGDVDQLWDULD 1XPHURFRQWDWWRDVVLVWHQ]DFOLHQWL &RQILJXUD]LRQHDYDQ]DWDRWWLPL]]D]LRQH )XQ]LRQDPHQWRGLULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWHDYDQ]DWR &RQWUROORGHOO
DFTXDFDOGDVDQLWDULDDYDQ]DWR ,PSRVWD]LRQLGHOOHIRQWLGLFDORUH ,PSRVWD]LRQLGHOVLVWHPD 6WUXWWXUDGHLPHQX3DQRUDPLFD 6WUXWWXUDGHOPHQX3DQRUDPLFDGHOOHLPSRVWD]LRQLLQVWDOODWRUH
0HVVDLQIXQ]LRQH 3DQRUDPLFD0HVVDLQIXQ]LRQH /LVWDGLFRQWUROORSULPDGHOODSURYDGLIXQ]LRQDPHQWR )XQ]LRQHVSXUJRDULD 3HUHVHJXLUHXQRVSXUJRDULDPDQXDOH 3HUHVHJXLUHXQRVSXUJRDULDDXWRPDWLFR 3HULQWHUURPSHUHORVSXUJRDULD 3HUHVHJXLUHXQDSURYDGLIXQ]LRQDPHQWR 3HUHIIHWWXDUHXQDSURYDGLIXQ]LRQDPHQWRDWWXDWRUH 3RVVLELOLSURYHIXQ]LRQDPHQWRDWWXDWRUL $VFLXJDWXUDGHOPDVVHWWRGLULVFDOGDPHQWRDSDYLPHQWR 55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
1RWHUHODWLYHDOODGRFXPHQWD]LRQH
3HUSURJUDPPDUHXQSURJUDPPDGLDVFLXJDWXUDGHO
PDVVHWWRGHOULVFDOGDPHQWRDSDYLPHQWR 3HUDYYLDUHXQ
DVFLXJDWXUDGHOPDVVHWWRGHO
ULVFDOGDPHQWRDSDYLPHQWR 3HUOHJJHUHORVWDWRGLXQ
DVFLXJDWXUDGHOPDVVHWWR
GHOULVFDOGDPHQWRDSDYLPHQWR 3HULQWHUURPSHUHXQ
DVFLXJDWXUDGHOPDVVHWWRGHO
ULVFDOGDPHQWRDSDYLPHQWR 'RFXPHQWR
&RQVHJQDDOO
XWHQWH 0DQXWHQ]LRQHHDVVLVWHQ]D 3UHFDX]LRQLJHQHUDOLGLVLFXUH]]D $SHUWXUDGHOO
XQLWjLQWHUQD /LVWDGLFRQWUROORSHUODPDQXWHQ]LRQHDQQXDOHGHOO
XQLWj
LQWHUQD ,QGLYLGXD]LRQHHULVROX]LRQHGHLSUREOHPL /LQHHJXLGDJHQHUDOL 5LVROX]LRQHGHLSUREOHPLLQEDVHDLVLQWRPL 6LQWRPR/
XQLWj121ULVFDOGDQpUDIIUHGGDFRPH
SUHYLVWR 6LQWRPR,OFRPSUHVVRUH121VLDYYLD
ULVFDOGDPHQWRDPELHQWHRULVFDOGDPHQWRDFTXD
VDQLWDULD 6LQWRPR/DSRPSDqUXPRURVDFDYLWD]LRQH 6LQWRPR/DYDOYRODGLVLFXUH]]DVLDSUH 6LQWRPR/DYDOYRODGLVLFXUH]]DGHOO
DFTXDSHUGH 6LQWRPR/RVSD]LR121YLHQHULVFDOGDWRD
VXIILFLHQ]DLQFDVRGLEDVVHWHPSHUDWXUHHVWHUQH 6LQWRPR/DSUHVVLRQHDOSXQWRGLSUHOLHYRq
LQVROLWDPHQWHDOWDSHUXQSHULRGRWHPSRUDQHR 6LQWRPR,SDQQHOOLGHFRUDWLYLVLVWDFFDQRDFDXVDGHO
ULJRQILDPHQWRGHOVHUEDWRLR 6LQWRPR/DIXQ]LRQHGLGLVLQIH]LRQHGHOVHUEDWRLR
121YLHQHFRPSOHWDWDFRUUHWWDPHQWHHUURUH$+ 5LVROX]LRQHGHLSUREOHPLLQEDVHDLFRGLFLHUURUH &RGLFLGLHUURUH3DQRUDPLFD &RQWHQHQWH
)RUPDWR
3UHFDX]LRQL ,VWUX]LRQLGLVLFXUH]]DFKH &DUWDFHRQHOODVFDWROD
JHQHUDOLGL GHYRQRHVVHUHOHWWHSULPD GHOO
XQLWjLQWHUQD
VLFXUH]]D
GHOO
LQVWDOOD]LRQH
0DQXDOH
,VWUX]LRQLG
LQVWDOOD]LRQH
G
LQVWDOOD]LRQ
HGHOO
XQLWj
LQWHUQD
0DQXDOH
,VWUX]LRQLG
LQVWDOOD]LRQH
G
LQVWDOOD]LRQ
HGHOO
XQLWj
HVWHUQD
&DUWDFHRQHOODVFDWROD
GHOO
XQLWjHVWHUQD
*XLGDGL
ULIHULPHQWR
SHU
O
LQVWDOODWRUH
3UHSDUD]LRQH
&''9'QHOODVFDWROD
GHOO
LQVWDOOD]LRQH
GHOO
XQLWjLQWHUQD
VSHFLILFKHWHFQLFKHEXRQH
SUDWLFKHGDWLGL
ULIHULPHQWR«
6XSSOHPHQW
RDO
PDQXDOHSHU
OH
DSSDUHFFKLD
WXUH
RS]LRQDOL
,QIRUPD]LRQL
&DUWDFHRQHOODVFDWROD
VXSSOHPHQWDULVXFRPH
GHOO
XQLWjLQWHUQD
LQVWDOODUHOH
&''9' QHOOD VFDWROD
DSSDUHFFKLDWXUHRS]LRQDOL
GHOO
XQLWjLQWHUQD
3RWUHEEH HVVHUH GLVSRQLELOH XQD UHYLVLRQH SL UHFHQWH GHOOD
GRFXPHQWD]LRQH IRUQLWD DQGDQGR VXO VLWR ZHE UHJLRQDOH 5RWH[
RSSXUHFKLHGHQGRDOSURSULRULYHQGLWRUH
3UHFDX]LRQLJHQHUDOLGL
VLFXUH]]D
1RWHUHODWLYHDOODGRFXPHQWD]LRQH
*ORVVDULR 'DWLWHFQLFL 'LPHQVLRQLHVSD]LRSHUO
DVVLVWHQ]D 'LPHQVLRQLHVSD]LRSHUO
DVVLVWHQ]D8QLWjLQWHUQD &RPSRQHQWL &RPSRQHQWL8QLWjLQWHUQD &RPSRQHQWL4XDGURHOHWWULFRXQLWjLQWHUQD 6FKHPLIXQ]LRQDOL 6FKHPDIXQ]LRQDOH8QLWjLQWHUQD 6FKHPDGHOOHWXED]LRQL 6FKHPDGHOOHWXED]LRQL8QLWjLQWHUQD 6FKHPDHOHWWULFR 6FKHPDHOHWWULFR±FRPSRQHQWL8QLWjLQWHUQD 5DQJHGLIXQ]LRQDPHQWR 1HFHVVLWjGLXQDEDFLQHOODGLGUHQDJJLR &XUYD(63 &XUYD(638QLWjLQWHUQD ƒ /D GRFXPHQWD]LRQH RULJLQDOH q VFULWWD LQ LQJOHVH /D
GRFXPHQWD]LRQHLQWXWWHOHDOWUHOLQJXHqVWDWDWUDGRWWD
ƒ /H SUHFDX]LRQL GHVFULWWH QHO SUHVHQWH GRFXPHQWR WUDWWDQR
DUJRPHQWL PROWR LPSRUWDQWL VL UDFFRPDQGD GL DWWHQHUYLVL
VFUXSRORVDPHQWH
ƒ 7XWWH OH DWWLYLWj GHVFULWWH VXO PDQXDOH G
LQVWDOOD]LRQH GHYRQR
HVVHUHHVHJXLWHGDXQLQVWDOODWRUHDXWRUL]]DWR
6LJQLILFDWRGHOOHDYYHUWHQ]HHGHLVLPEROL
3(5,&2/2
,QGLFDXQDVLWXD]LRQHFKHSURYRFDOHVLRQLJUDYLROHWDOL
3(5,&2/25,6&+,2',6&266$(/(775,&$
1RWHUHODWLYHDOOD
GRFXPHQWD]LRQH
,QGLFD XQD VLWXDL]RQH FKH SRWUHEEH SURYRFDUH OD VFRVVD
HOHWWULFD
3(5,&2/25,6&+,2',867,21,
,QGLFD XQD VLWXDL]RQH FKH SRWUHEEH SURYRFDUH XVWLRQL D
FDXVDGHOOHWHPSHUDWXUHHVWUHPDPHQWHDOWHREDVVH
,QIRUPD]LRQLVXTXHVWRGRFXPHQWR
3XEEOLFRGLGHVWLQD]LRQH
$99(57(1=$
,QGLFDXQDVLWXD]LRQHFKHSRWUHEEHSURYRFDUHOHVLRQLJUDYL
ROHWDOL
,QVWDOODWRULDXWRUL]]DWL
$77(1=,21(
6HULHGLGRFXPHQWD]LRQL
4XHVWRGRFXPHQWRIDSDUWHGLXQDVHULHGLGRFXPHQWD]LRQL/DVHULH
FRPSOHWDqFRPSRVWDGD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
,QGLFD XQD VLWXD]LRQH FKH SRWUHEEH SURYRFDUH OHVLRQL
VHFRQGDULHRPRGHUDWH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
3UHFDX]LRQLJHQHUDOLGLVLFXUH]]D
127$
,QGLFD XQD VLWXD]LRQH FKH SRWUHEEH SURYRFDUH GDQQL DOOH
DSSDUHFFKLDWXUHRDOODSURSULHWj
,1)250$=,21,
,QGLFDVXJJHULPHQWLXWLOLRLQIRUPD]LRQLDJJLXQWLYH
6HFRQGR OD OHJLVOD]LRQH DSSOLFDELOH SRWUHEEH HVVHUH QHFHVVDULR
IRUQLUH XQ UHJLVWUR LQVLHPH DO SURGRWWR FRQWHQHQWH DOPHQR OH
LQIRUPD]LRQL VXOOD PDQXWHQ]LRQH VXL ODYRUL GL ULSDUD]LRQH L ULVXOWDWL
GHOOHSURYHLSHULRGLGLVWDQGE\
,QROWUH GRYUDQQR HVVHUH WHQXWH D GLVSRVL]LRQH OH VHJXHQWL
LQIRUPD]LRQLLQXQOXRJRDFFHVVLELOHSUHVVRLOSURGRWWR
ƒ ,VWUX]LRQLSHUO
DUUHVWRGHOVLVWHPDLQFDVRGLHPHUJHQ]D
3HUO
LQVWDOODWRUH
ƒ 1RPHHLQGLUL]]RGHOODVWD]LRQHGHL9LJLOLGHO)XRFRGHOOD3ROL]LDH
GHOO
RVSHGDOH
*HQHUDOH
ƒ 1RPH LQGLUL]]R H QXPHUL WHOHIRQLFL VLD GLXUQL FKH QRWWXUQL SHU
FKLDPDUHO
DVVLVWHQ]D
,Q FDVR GL GXEEL VX FRPH LQVWDOODUH R XVDUH O
XQLWj FRQWDWWDUH LO
SURSULRULYHQGLWRUH
127$
/
LQVWDOOD]LRQHRLOPRQWDJJLRLPSURSULGHOO
DSSDUHFFKLDWXUD
R GL XQ VXR DFFHVVRULR SRWUHEEHUR GDU OXRJR D VFRVVD
HOHWWULFD FRUWRFLUFXLWR SHUGLWH LQFHQGLR RSSXUH DOWUL GDQQL
GHOO
DSSDUHFFKLDWXUD 8WLOL]]DUH HVFOXVLYDPHQWH DFFHVVRUL
DSSDUHFFKLDWXUHRS]LRQDOLHULFDPELDSSURYDWLGD5RWH[
$99(57(1=$
$VVLFXUDUVL FKH O
LQVWDOOD]LRQH LO FROODXGR H L PDWHULDOL
DSSOLFDWL VLDQR FRQIRUPL DOOD OHJLVOD]LRQH DSSOLFDELOH ROWUH
DOOHLVWUX]LRQLGHVFULWWHQHOODGRFXPHQWD]LRQH5RWH[
$77(1=,21(
,QGRVVDUH XQ HTXLSDJJLDPHQWR SHUVRQDOH GL SURWH]LRQH
DGHJXDWR JXDQWL GL SURWH]LRQH RFFKLDOL GL VLFXUH]]D GXUDQWH L ODYRUL GL LQVWDOOD]LRQH PDQXWHQ]LRQH R
ULSDUD]LRQHGHOVLVWHPD
$99(57(1=$
,Q(XURSDODQRUPD(1RIIUHOHQHFHVVDULHLVWUX]LRQLSHUUHGLJHUH
TXHVWRUHJLVWUR
/XRJRG
LQVWDOOD]LRQH
ƒ 3UHYHGHUHXQRVSD]LRLQWRUQRDOO
XQLWjVXIILFLHQWHSHUJOLLQWHUYHQWL
GLULSDUD]LRQHHODFLUFROD]LRQHGHOO
DULD
ƒ $VVLFXUDUVLFKHLOOXRJRG
LQVWDOOD]LRQHSRVVDVRSSRUWDUHLOSHVRH
ODYLEUD]LRQHGHOO
XQLWj
ƒ $VVLFXUDUVLFKHO
DUHDVLDEHQYHQWLODWD
ƒ $VVLFXUDUVLFKHO
XQLWjVLDLQSLDQR
121 LQVWDOODUH O
XQLWj LQ OXRJKL LQ FXL VLDQR SUHVHQWL OH FRQGL]LRQL
VHJXHQWL
ƒ ,QDWPRVIHUHSRWHQ]LDOPHQWHHVSORVLYH
ƒ ,Q SUHVHQ]D GL PDFFKLQH FKH HPHWWRQR RQGH HOHWWURPDJQHWLFKH
/H RQGH HOHWWURPDJQHWLFKH SRWUHEEHUR GLVWXUEDUH LO VLVWHPD GL
FRQWUROORHFDXVDUHXQGLIHWWRGHOO
DSSDUHFFKLDWXUD
ƒ ,QOXRJKLLQFXLHVLVWHLOULVFKLRG
LQFHQGLRGRYXWRDOODSHUGLWDGLJDV
LQILDPPDELOL HVHPSLR GLOXHQWL R EHQ]LQD ILEUH GL FDUERQLR
SROYHUHLQFHQGLDELOH
/DFHUDUH H JHWWDUH YLD L VDFFKHWWL GHJOL LPEDOODJJL GL
SODVWLFD LQ PRGR FKH QHVVXQR LQ SDUWLFRODUH L EDPELQL OL
SRVVD XWLOL]]DUH SHU JLRFDUH 5LVFKLR SRVVLELOH
VRIIRFDPHQWR
ƒ ,QOXRJKLLQFXLVLSURGXFRQRJDVFRUURVLYLHVHPSLRJDVGLDFLGR
VROIRULFR /D FRUURVLRQH GHOOH WXED]LRQL GL UDPH R GHOOH SDUWL
VDOGDWHSXzFDXVDUHSHUGLWHGLUHIULJHUDQWH
3(5,&2/25,6&+,2',867,21,
5HIULJHUDQWH
ƒ 121 WRFFDUH OH WXED]LRQL GHO UHIULJHUDQWH OH WXED]LRQL
LGUDXOLFKH R L FRPSRQHQWL LQWHUQL GXUDQWH H
LPPHGLDWDPHQWH GRSR LO IXQ]LRQDPHQWR 4XHVWL
SRWUHEEHURHVVHUHWURSSRFDOGLRWURSSRIUHGGL/DVFLDUH
ORUR LO WHPSR GL WRUQDUH DOOD QRUPDOH WHPSHUDWXUD 1RQ
WRFFDUH TXHVWL FRPSRQHQWL LQGRVVDUH L JXDQWL GL
SURWH]LRQH
$VVLFXUDUVLFKHO
LQVWDOOD]LRQHGHOOHWXED]LRQLGLUHIULJHUDQWH
VLD FRQIRUPH DOOD OHJLVOD]LRQH DSSOLFDELOH,Q (XURSD OD
QRUPDWLYDDSSOLFDELOHqOD(1
ƒ 121 WRFFDUH GLUHWWDPHQWH LO UHIULJHUDQWH IXRULXVFLWR
DFFLGHQWDOPHQWH
$VVLFXUDUVL FKH OH WXED]LRQL H L FROOHJDPHQWL LQ ORFR QRQ
VLDQRVRJJHWWLDVROOHFLWD]LRQL
127$
127$
127$
$99(57(1=$
3UHYHGHUHPLVXUHDGHJXDWHSHULPSHGLUHFKHO
XQLWjSRVVD
HVVHUH XVDWD FRPH ULSDUR GD SLFFROL DQLPDOL , SLFFROL
DQLPDOL FKH GRYHVVHUR HQWUDUH LQ FRQWDWWR FRQ OH SDUWL
HOHWWULFKH SRVVRQR FDXVDUH PDOIXQ]LRQDPHQWL IXPR R
LQFHQGL
'XUDQWH OH SURYH 121 SRUWDUH 0$, LO SURGRWWR DG XQD
SUHVVLRQH SL DOWD GHOOD SUHVVLRQH PDVVLPD DPPHVVD
FRPHLQGLFDWRVXOODSLDVWUDLQIRUPDWLYDGHOO
XQLWj
$77(1=,21(
121 WRFFDUH O
HQWUDWD GHOO
DULD R OH DOHWWH GL DOOXPLQLR
GHOO
XQLWj
127$
ƒ 121SRVL]LRQDUHRJJHWWLRDSSDUHFFKLDWXUHVXOODSDUWH
VXSHULRUHGHOO
XQLWj
$99(57(1=$
3UHQGHUH VXIILFLHQWL SUHFDX]LRQL LQ FDVR GL SHUGLWD GL
UHIULJHUDQWH ,Q SUHVHQ]D GL SHUGLWH GL JDV UHIULJHUDQWH
YHQWLODUHLPPHGLDWDPHQWHO
DUHD5LVFKLSRVVLELOL
ƒ &RQFHQWUD]LRQLHFFHVVLYHGLUHIULJHUDQWHLQXQDPELHQWH
FKLXVR SRVVRQR FDXVDUH OD ULGX]LRQH GHOO
RVVLJHQR
QHOO
DPELHQWH
ƒ 6HLOJDVUHIULJHUDQWHHQWUDLQFRQWDWWRFRQXQDILDPPD
SXzJHQHUDUHJDVWRVVLFR
ƒ 121 VHGHUVL QRQ DUUDPSLFDUVL Qp VRVWDUH LQ SLHGL
VRSUDO
XQLWj
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
,QIRUPD]LRQLUHODWLYHDOO
LQYROXFUR
$99(57(1=$
$99(57(1=$
5HFXSHUDUH VHPSUH LO UHIULJHUDQWH 121 GLVSHUGHUOR
GLUHWWDPHQWH QHOO
DPELHQWH 8VDUH XQD SRPSD GHO YXRWR
SHUHYDFXDUHO
LPSLDQWR
ƒ 8WLOL]]DUHVRORILOLGLUDPH
ƒ , FROOHJDPHQWL HOHWWULFL LQ ORFR GHYRQR HVVHUH HVHJXLWL
FRQIRUPHPHQWHDOORVFKHPDHOHWWULFRIRUQLWRLQVLHPHDO
SURGRWWR
$FTXD
ƒ 121 VWULQJHUH 0$, DVVLHPH L IDVFL GL FDYL HG
DVVLFXUDUVL FKH TXHVWL QRQ HQWULQR LQ FRQWDWWR FRQ
WXED]LRQL H ERUGL WDJOLHQWL $VVLFXUDUVL FKH VXL
FROOHJDPHQWL GHL WHUPLQDOL QRQ JUDYL DOFXQD SUHVVLRQH
HVWHUQD
127$
$VVLFXUDUVL FKH OD TXDOLWj GHOO
DFTXD VLD FRQIRUPH DOOD
GLUHWWLYD8((&
ƒ 1RQGLPHQWLFDUHGLLQVWDOODUHLOFDEODJJLRGLWHUUD121
HIIHWWXDUH OD PHVVD D WHUUD GHOO
XQLWj WUDPLWH WXEL
DFFHVVRUL DVVRUELWRUL GL VRYUDWHQVLRQH R OD PHVVD D
WHUUD GHO WHOHIRQR 8QD PHVVD D WHUUD LQFRPSOHWD SXz
SURYRFDUHVFRVVHHOHWWULFKH
&LUFXLWLHOHWWULFL
3(5,&2/25,6&+,2',6&266$(/(775,&$
ƒ 'LVDWWLYDUH WXWWH OH VRUJHQWL GL DOLPHQWD]LRQH SULPD GL
ULPXRYHUH LO FRSHUFKLR GHO TXDGUR HOHWWULFR SULPD GL
FROOHJDUHFDYLHOHWWULFLRGLWRFFDUHSDUWLHOHWWULFKH
ƒ $FFHUWDUVLFKHYHQJDXVDWDXQFLUFXLWRG
DOLPHQWD]LRQH
GHGLFDWR121DOLPHQWDUH0$,O
DSSDUHFFKLRDWWUDYHUVR
XQD VRUJHQWH GL DOLPHQWD]LRQH DOOD TXDOH VRQR
FROOHJDWHDQFKHDOWUHXWHQ]H
ƒ 6FROOHJDUH OD VRUJHQWH GL DOLPHQWD]LRQH SHU SL GL
PLQXWR H PLVXUDUH OD WHQVLRQH DL WHUPLQDOL GHL
FRQGHQVDWRUL GHO FLUFXLWR SULQFLSDOH R GHL FRPSRQHQWL
HOHWWULFL SULPD GL LQWHUYHQLUH /D WHQVLRQH GHYH HVVHUH
PLQRUH GL 9 && SULPD FKH VLD SRVVLELOH WRFFDUH L
FRPSRQHQWL HOHWWULFL 3HU TXDQWR ULJXDUGD O
XELFD]LRQH
GHLWHUPLQDOLYHGHUHORVFKHPDHOHWWULFR
ƒ $FFHUWDUVL GL LQVWDOODUH L IXVLELOL R JOL LQWHUUXWWRUL
PDJQHWRWHUPLFLULFKLHVWL
ƒ 1RQ GLPHQWLFDUH GL LQVWDOODUH XQ LQWHUUXWWRUH GL
GLVSHUVLRQH D WHUUD ,O PDQFDWR ULVSHWWR GL TXHVWD
SUHFDX]LRQHSXzFDXVDUHVFRVVHHOHWWULFKHRLQFHQGL
ƒ 121 WRFFDUH L FRPSRQHQWL HOHWWULFL FRQ OH PDQL
EDJQDWH
ƒ 'XUDQWH O
LQVWDOOD]LRQH GHOO
LQWHUUXWWRUH GL GLVSHUVLRQH D
WHUUD DFFHUWDUVL GHOOD VXD FRPSDWLELOLWj FRQ O
LQYHUWHU
UHVLVWHQWH DL GLVWXUEL HOHWWULFL DG DOWD IUHTXHQ]D SHU
HYLWDUH LQXWLOL DSHUWXUH GHOO
LQWHUUXWWRUH GL GLVSHUVLRQH D
WHUUD
ƒ 121 ODVFLDUH O
XQLWj LQFXVWRGLWD VH q VWDWR ULPRVVR LO
FRSHUFKLRGLVHUYL]LR
$99(57(1=$
$ PHQR FKH QRQ VLD JLj VWDWR LQVWDOODWR DOOR VWDELOLPHQWR
VDUj QHFHVVDULR LQVWDOODUH QHO FDEODJJLR ILVVR XQ
LQWHUUXWWRUH JHQHUDOH R DOWUL PH]]L SHU OD VFRQQHVVLRQH
DYHQWL XQD VHSDUD]LRQH GHL FRQWDWWL SHU WXWWL L SROL FKH
SURYYHGD DOOD FRPSOHWD VFRQQHVVLRQH QHOOD FRQGL]LRQH GL
VRYUDWHQVLRQHFDWHJRULD,,,
,QVWDOODUHLFDYLGLDOLPHQWD]LRQHDGXQDGLVWDQ]DGLDOPHQRPHWUR
GD WHOHYLVRUL R UDGLR SHU SUHYHQLUH OH LQWHUIHUHQ]H $ VHFRQGD GHO
WLSR GL RQGH UDGLR OD GLVWDQ]D GL PHWUR SRWUHEEH QRQ HVVHUH
VXIILFLHQWH
$99(57(1=$
ƒ 'RSRDYHUFRPSOHWDWRLFROOHJDPHQWLHOHWWULFLDFFHUWDUVL
FKH RJQL FRPSRQHQWH HOHWWULFR H WHUPLQDOH DOO
LQWHUQR
GHOTXDGURHOHWWULFRVLDQRVDOGDPHQWHFRQQHVVL
ƒ $VVLFXUDUVL FKH WXWWL L FRSHUFKL VLDQR VWDWL FKLXVL SULPD
GLDYYLDUHO
XQLWj
,QIRUPD]LRQLUHODWLYH
DOO
LQYROXFUR
ƒ $OOD FRQVHJQD O
XQLWj GHYH HVVHUH FRQWUROODWD SHU YHULILFDUH
O
HYHQWXDOH SUHVHQ]D GL GDQQL (YHQWXDOL GDQQL GHEERQR HVVHUH
VHJQDODWL LPPHGLDWDPHQWH DOO
DJHQWH DGGHWWR DL UHFODPL GHO
WUDVSRUWDWRUH
ƒ 3HU HYLWDUH GDQQL GXUDQWH LO WUDVSRUWR SRUWDUH O
XQLWj DQFRUD
LPEDOODWDLOSLYLFLQRSRVVLELOHDOOXRJRG
LQVWDOOD]LRQHGHILQLWLYR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
,QIRUPD]LRQLUHODWLYHDOO
LQYROXFUR
8QLWjLQWHUQD
3HUGLVLPEDOODUHO
XQLWjLQWHUQD
,QFOLQDUH LO ODWR LQIHULRUH GHO SDQQHOOR DQWHULRUH YHUVR O
DOWR H
ULPXRYHUOR
5LPXRYHUHJOLDFFHVVRUL
a
a
h
i
j
D 0DQXDOHG
LQVWDOOD]LRQHPDQXDOHG
XVR&''9'
f
g
,1)250$=,21,
121 JHWWDUH YLD LO FRSHUFKLR GL FDUWRQH VXSHULRUH 6XOOD
SDUWH LQWHUQD GHO FRSHUFKLR GL FDUWRQH q VWDPSDWR OR
VFKHPDG
LQVWDOOD]LRQH
5LPR]LRQHGHJOLDFFHVVRULGDOO
XQLWj
LQWHUQD
a
b
1x
c
1x
f
g
1x
2x
d
1x
e
1x
h
1x
1x
i
j
1x
2x
,O PDQXDOH G
LQVWDOOD]LRQH GHOO
XQLWj LQWHUQD LO PDQXDOH G
XVR H LO
&''9' VL WURYDQR QHOOD SDUWH VXSHULRUH GHOOD VFDWROD 6HJXLUH OD
SURFHGXUDVRWWRSHUULPXRYHUHJOLDOWULDFFHVVRUL
5LPXRYHUHLOQDVWUR
k
1x
l
4x
D 3UHFDX]LRQLJHQHUDOLGLVLFXUH]]D
E 6XSSOHPHQWR DO PDQXDOH SHU OH DSSDUHFFKLDWXUH
RS]LRQDOL
F 0DQXDOHG
LQVWDOOD]LRQHGHOO
XQLWjLQWHUQD
G 0DQXDOHG
XVR
H &''9'
I .LW GHOO
LQWHUIDFFLD XWHQWH LQWHUIDFFLD XWHQWH YLWL GL
ILVVDJJLRWDSSL
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
1RWHVXOOHXQLWjHGRS]LRQL
J
K
L
M
N
O
9DOYRODGLLQWHUFHWWD]LRQH
&RSHUFKLRGHOO
LQWHUIDFFLDXWHQWH
3DQQHOORVXSHULRUHGHOO
XQLWjLQWHUQD
9LWL
3DQQHOORDFXVWLFR
9LWLSHUILVVDUHLOSDQQHOORDFXVWLFR
5LPXRYHUH JOL DFFHVVRUL NO 4XHVWL DFFHVVRUL VL WURYDQR VXO
IRQGRGHOO
LPEDOODJJLR
ƒ 3HUDYHUHXQ
LQWHUIDFFLDFRQWHQHQWHDOWUHOLQJXH
/
LQWHUIDFFLD XWHQWH DJJLXQWLYD 5.58&$/ FRQWLHQH OH OLQJXH
HXURSHH SL FRPXQL LQJOHVH WHGHVFR IUDQFHVH RODQGHVH LWDOLDQR
VSDJQROR
ÊSRVVLELOHFDULFDUHOHOLQJXHVXOO
LQWHUIDFFLDXWHQWHWUDPLWHLOVRIWZDUH
GHO 3& RSSXUH TXHVWH SRVVRQR HVVHUH FRSLDWH GD XQ
LQWHUIDFFLD
XWHQWHDOO
DOWUD
3HU OH LVWUX]LRQL G
LQVWDOOD]LRQH YHGHUH &ROOHJDPHQWR
GHOO
LQWHUIDFFLDXWHQWHDSDJLQD
1RWHVXOOHXQLWjHGRS]LRQL
7HUPRVWDWRDPELHQWH5.57:$5.575
,GHQWLILFD]LRQH
6LSXzFROOHJDUHXQWHUPRVWDWRDPELHQWHRS]LRQDOHDOO
XQLWjLQWHUQD
4XHVWR WHUPRVWDWR SXz HVVHUH FDEODWR 5.57:$ RSSXUH ZLUHOHVV
5.575
127$
6H VL GHYRQR LQVWDOODUH R ULSDUDUH YDULH XQLWj
FRQWHPSRUDQHDPHQWH DVVLFXUDUVL GL 121 VFDPELDUH L
FRSHUFKLGLVHUYL]LRWUDXQPRGHOORHO
DOWUR
(WLFKHWWDG
LGHQWLILFD]LRQH8QLWjLQWHUQD
8ELFD]LRQH
3HUOHLVWUX]LRQLG
LQVWDOOD]LRQHYHGHUHLOPDQXDOHG
LQVWDOOD]LRQHGHO
WHUPRVWDWR DPELHQWH H LO VXSSOHPHQWR DO PDQXDOH SHU OH
DSSDUHFFKLDWXUHRS]LRQDOL
6HQVRUHUHPRWRSHUWHUPRVWDWRZLUHOHVV(.57(76
6L SXz XWLOL]]DUH XQ VHQVRUH GHOOD WHPSHUDWXUD LQWHUQD ZLUHOHVV
(.57(76 VROR LQ FRPELQD]LRQH FRQ LO WHUPRVWDWR ZLUHOHVV
5.575
3HUOHLVWUX]LRQLG
LQVWDOOD]LRQHYHGHUHLOPDQXDOHG
LQVWDOOD]LRQHGHO
WHUPRVWDWR DPELHQWH H LO VXSSOHPHQWR DO PDQXDOH SHU OH
DSSDUHFFKLDWXUHRS]LRQDOL
6FKHGDFRQ,2GLJLWDOH(.53+%
/D VFKHGD FRQ ,2 GLJLWDOH q QHFHVVDULD SHU IRUQLUH L VHJQDOL
VHJXHQWL
ƒ 8VFLWDDOODUPH
ƒ 8VFLWD
ULVFDOGDPHQWRUDIIUHGGDPHQWR
',6$77,9$72
,GHQWLILFD]LRQHGHOPRGHOOR
$WWLYDWR
ƒ 3DVVDJJLRDIRQWHGLFDORUHHVWHUQD
(VHPSLR5+%+&$9
&RGLFH
DPELHQWH
'HVFUL]LRQH
3HU OH LVWUX]LRQL G
LQVWDOOD]LRQH YHGHUH LO PDQXDOH G
LQVWDOOD]LRQH
GHOOD VFKHGD FRQ ,2 GLJLWDOH H LO VXSSOHPHQWR DO PDQXDOH SHU OH
DSSDUHFFKLDWXUHRS]LRQDOL
5
0RGHOOR5RWH[
+%
+% 8QLWjLQWHUQDPRQWDWDDSDUHWH
+
ƒ + 6RORULVFDOGDPHQWR
6FKHGDDULFKLHVWD(.53$+7$
ƒ ; 5LVFDOGDPHQWRUDIIUHGGDPHQWR
3HUDELOLWDUHLOFRQWUROORFRQVXPRHOHWWULFRSHULOULVSDUPLRHQHUJHWLFR
PHGLDQWH JOL LQSXW GLJLWDOL q QHFHVVDULR LQVWDOODUH OD VFKHGD D
ULFKLHVWD
&ODVVHGLFDSDFLWj
ƒ N:
ƒ N:
ƒ N:
3HU OH LVWUX]LRQL G
LQVWDOOD]LRQH YHGHUH LO PDQXDOH G
LQVWDOOD]LRQH
GHOOD VFKHGD D ULFKLHVWD H LO VXSSOHPHQWR DO PDQXDOH SHU OH
DSSDUHFFKLDWXUHRS]LRQDOL
&$
6HULH
9
0RGHOORGHOULVFDOGDWRUHGLULVHUYD
6HQVRUHHVWHUQRUHPRWR(.56&$
ƒ 9
3HU LPSRVWD]LRQH SUHGHILQLWD LO VHQVRUH LQWHUQR DOO
XQLWj HVWHUQD
YHUUjXWLOL]]DWRSHUPLVXUDUHODWHPSHUDWXUDHVWHUQD
ƒ :
&RPELQD]LRQLSRVVLELOLGLXQLWjHGRS]LRQL
(OHQFRGLRS]LRQLSHUO
XQLWjLQWHUQD
&RPH RS]LRQH VL SXz LQVWDOODUH LO VHQVRUH HVWHUQR UHPRWR SHU
PLVXUDUHODWHPSHUDWXUDHVWHUQDLQXQ
DOWUDSRVL]LRQHSHUHVHPSLR
SHUHYLWDUHODOXFHGLUHWWDGHOVROHHGDYHUHFRVuXQFRPSRUWDPHQWR
PLJOLRUDWRGHOVLVWHPD
3HUOHLVWUX]LRQLG
LQVWDOOD]LRQHYHGHUHLOPDQXDOHG
LQVWDOOD]LRQHGHO
VHQVRUHHVWHUQRUHPRWR
,QWHUIDFFLDXWHQWH5.58&$/
/
LQWHUIDFFLD XWHQWH YLHQH IRUQLWD FRPH DFFHVVRULR LQVLHPH DOO
XQLWj
&RPHRSWLRQDOqGLVSRQLELOHXQ
LQWHUIDFFLDXWHQWHDJJLXQWLYD
/
LQWHUIDFFLDXWHQWHDJJLXQWLYDSXzHVVHUHFROOHJDWD
ƒ 3HUDYHUHHQWUDPEH
ƒ FRQWUROORYLFLQRDOO
XQLWjLQWHUQD
&RQILJXUDWRUHGHO3&(.3&&$%
,OFDYRSHU3&HVHJXHODFRQQHVVLRQHWUDLOTXDGURHOHWWULFRGHOO
XQLWj
LQWHUQD H XQ 3& (VVR Gj OD SRVVLELOLWj GL FDULFDUH ILOH FRQ OLQJXH
GLIIHUHQWL VXOO
LQWHUIDFFLD XWHQWH H GHL SDUDPHWUL LQWHUQL VXOO
XQLWj
LQWHUQD 3HU L ILOH GHOOH OLQJXH GLVSRQLELOL FRQWDWWDUH LO SURSULR
ULYHQGLWRUHORFDOH
ƒ IXQ]LRQH WHUPRVWDWR DPELHQWH QHOO
DPELHQWH SULQFLSDOH GD
ULVFDOGDUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
,OVRIWZDUHHOHLVWUX]LRQLRSHUDWLYHFRUULVSRQGHQWLVRQRGLVSRQLELOLVX
([WUDQHW5RWH[
3HU O
LQVWDOOD]LRQH GL TXHVWD RS]LRQH QHOO
XQLWj LQWHUQD FRQVXOWDUH LO
PDQXDOHG
LQVWDOOD]LRQHIRUQLWRFRQTXHVWRNLWRS]LRQDOH
3HUOHLVWUX]LRQLG
LQVWDOOD]LRQHYHGHUHLOPDQXDOHG
LQVWDOOD]LRQHGHO
FDYRSHU3&
6HUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
.LWGHOODEDFLQHOODGLGUHQDJJLR(.+%'3&$
,O VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD SXz HVVHUH FROOHJDWR DOO
XQLWj
LQWHUQDSHUIRUQLUHDFTXDFDOGDVDQLWDULD
/D EDFLQHOOD GL GUHQDJJLR VHUYH D UDFFRJOLHUH OD FRQGHQVD
DFFXPXODWD GDOO
XQLWj LQWHUQD (VVD q QHFHVVDULD GXUDQWH LO
IXQ]LRQDPHQWR GHO UDIIUHGGDPHQWR D EDVVD WHPSHUDWXUD GHOO
XQLWj
LQWHUQDHTXDQGRODWHPSHUDWXUDPDQXDOHqƒ&
3RVVLELOLFRPELQD]LRQLGHOO
XQLWjLQWHUQDHGHOO
XQLWjHVWHUQD
8QLWjHVWHUQD
8QLWjLQWHUQD
5+%+&$9
5+%;&$9
5+%+&$:
5+%;&$:
55/4&$9
2
2
2
2
55/4&$9
2
2
2
2
55/4&$9
2
2
2
2
55/4&$:
2
2
2
2
55/4&$:
2
2
2
2
55/4&$:
2
2
2
2
3RVVLELOLFRPELQD]LRQLGHOO
XQLWjLQWHUQDHGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
8QLWjLQWHUQD
6HUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
5.+:(
5+%+&$9
2
5+%;&$9
2
5+%+&$:
2
5+%;&$:
2
/LQHHJXLGDUHODWLYH
DOO
DSSOLFD]LRQH
3DQRUDPLFD/LQHHJXLGDUHODWLYH
DOO
DSSOLFD]LRQH
/HOLQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQHKDQQRORVFRSRGLRIIULUHXQD
SDQRUDPLFDGHOOHSRVVLELOLWjGHOVLVWHPDDSRPSDGLFDORUH5RWH[
127$
ƒ /H ILJXUH SUHVHQWL QHOOH OLQHH JXLGD UHODWLYH
DOO
DSSOLFD]LRQH VHUYRQR VROR FRPH ULIHULPHQWR H 121
GHYRQR HVVHUH XWLOL]]DWH FRPH VFKHPL LGUDXOLFL
GHWWDJOLDWL ,O GLPHQVLRQDPHQWR H ELODQFLDPHQWR
LGUDXOLFR GHWWDJOLDWL 121 ILJXUDQR H VRQR
UHVSRQVDELOLWjGHOO
LQVWDOODWRUH
ƒ 3HU PDJJLRUL LQIRUPD]LRQL VXOOH LPSRVWD]LRQL GL
FRQILJXUD]LRQH SHU RWWLPL]]DUH LO IXQ]LRQDPHQWR GHOOD
SRPSD GL FDORUH YHGHUH &RQILJXUD]LRQH D
SDJLQD
,PSRVWD]LRQHGHOVLVWHPDGL
ULVFDOGDPHQWRUDIIUHGGDPHQWRDPELHQWH
,O VLVWHPD D SRPSD GL FDORUH 5RWH[ IRUQLVFH DFTXD LQ XVFLWD DL
WUDVPHWWLWRULGLFDORUHLQXQRRSLDPELHQWL
'DWR FKH LO VLVWHPD RIIUH XQ
DPSLD IOHVVLELOLWj SHU FRQWUROODUH OD
WHPSHUDWXUDLQFLDVFXQDPELHQWHqQHFHVVDULRLQQDQ]LWXWWRGDUHXQD
ULVSRVWDDOOHGRPDQGHVHJXHQWL
ƒ 4XDQWL DPELHQWL YHQJRQR ULVFDOGDWL R UDIIUHGGDWL GDO VLVWHPD D
SRPSDGLFDORUH5RWH["
ƒ &KHWLSLGLWUDVPHWWLWRULGLFDORUHVRQRXWLOL]]DWLLQFLDVFXQDPELHQWH
HTXDOqODORURWHPSHUDWXUDPDQXDOHGLSURJHWWR"
8QD YROWD FKLDULWL L UHTXLVLWL GL ULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWH 5RWH[ UDFFRPDQGD GL VHJXLUH OH OLQHH JXLGD
G
LPSRVWD]LRQHULSRUWDWHVRWWR
$PELHQWHVLQJROR
5LVFDOGDPHQWRDSDYLPHQWRRUDGLDWRUL±
7HUPRVWDWRDPELHQWHFDEODWR
,PSRVWD]LRQH
4XHVWRFDSLWRORFRQWLHQHOHOLQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQHSHU
ƒ ,PSRVWD]LRQH GHO VLVWHPD GL ULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWH
ƒ ,PSRVWD]LRQHGLXQDIRQWHGLFDORUHDXVLOLDULDSHULOULVFDOGDPHQWR
DPELHQWH
A
B
ƒ ,PSRVWDUHLOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
ƒ ,PSRVWDUHODPLVXUD]LRQHHQHUJLD
ƒ ,PSRVWDUHLOFRQVXPRGLSRWHQ]D
ƒ ,PSRVWD]LRQHGLXQVHQVRUHGHOODWHPSHUDWXUDHVWHUQD
a
$ =RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
% 8QDPELHQWHVLQJROR
D ,QWHUIDFFLDXWHQWHXVDWDFRPHWHUPRVWDWRDPELHQWH
ƒ ,O ULVFDOGDPHQWR D SDYLPHQWR R L UDGLDWRUL VRQR FROOHJDWL
GLUHWWDPHQWHDOO
XQLWjLQWHUQD
ƒ ,O ULVFDOGDPHQWR D SDYLPHQWR R L UDGLDWRUL VRQR FROOHJDWL
GLUHWWDPHQWHDOO
XQLWjLQWHUQD
ƒ /D WHPSHUDWXUD DPELHQWH q FRQWUROODWD GDO WHUPRVWDWR DPELHQWH
HVWHUQRZLUHOHVVDSSDUHFFKLDWXUDRS]LRQDOH5.575
ƒ /DWHPSHUDWXUDDPELHQWH q FRQWUROODWD GDOO
LQWHUIDFFLD XWHQWH FKH
YLHQHXVDWDFRPHWHUPRVWDWRDPELHQWH,QVWDOOD]LRQLSRVVLELOL
&RQILJXUD]LRQH
ƒ ,QWHUIDFFLD XWHQWH DSSDUHFFKLDWXUD VWDQGDUG
QHOO
DPELHQWHHXWLOL]]DWDFRPHWHUPRVWDWRDPELHQWH
LQVWDOODWD
ƒ ,QWHUIDFFLD XWHQWH DSSDUHFFKLDWXUD VWDQGDUG LQVWDOODWD LQ
FRUULVSRQGHQ]D GHOO
XQLWj LQWHUQD H XVDWD SHU LO FRQWUROOR LQ
SURVVLPLWj
GHOO
XQLWj
LQWHUQD
LQWHUIDFFLD
XWHQWH
DSSDUHFFKLDWXUD
RS]LRQDOH
5.58&$/
LQVWDOODWD
QHOO
DPELHQWHHXWLOL]]DWDFRPHWHUPRVWDWRDPELHQWH
,PSRVWD]LRQH
9DORUH
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ >$@
&RQWU7$HVW,O
IXQ]LRQDPHQWRGHOO
XQLWjYLHQH
GHFLVRGDOWHUPRVWDWRHVWHUQR
ƒ &RGLFH>&@
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
]RQD7PDQ3ULQFLSDOH
ƒ >$@
&RQILJXUD]LRQH
ƒ &RGLFH>@
,PSRVWD]LRQH
9DORUH
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ >$@
ƒ &RGLFH>&@
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
&RQWU7$,OIXQ]LRQDPHQWR
GHOO
XQLWjYLHQHGHFLVRLQEDVH
DOODWHPSHUDWXUDDPELHQWH
GHOO
LQWHUIDFFLDXWHQWH
7HUPRVWDWRDPELHQWHHVWHUQRSHU &RQILJXUDUHLQEDVH
OD]RQDSULQFLSDOH
DOO
LPSRVWD]LRQH
ƒ >$@
ƒ ) WHUP 212)) 4XDQGR
LO WHUPRVWDWR DPELHQWH HVWHUQR
R LO FRQYHWWRUH GHOOD SRPSD GL
FDORUH XWLOL]]DWL SRVVRQR VROR
LQYLDUH
XQD
FRQGL]LRQH
$77,9$72',6$77,9$72 GHO
WHUPRVWDWR
1HVVXQD
VHSDUD]LRQH WUD OD ULFKLHVWD GL
ULVFDOGDPHQWR
R
GL
UDIIUHGGDPHQWR
ƒ &RGLFH>&@
]RQD7PDQ3ULQFLSDOH
ƒ >$@
ƒ &RGLFH>@
%HQHILFL
ƒ 5LFK UDIIULVF 4XDQGR LO
WHUPRVWDWR DPELHQWH HVWHUQR
XWLOL]]DWR SXz LQYLDUH XQD
FRQGL]LRQH
$77,9$72
',6$77,9$72 GHO WHUPRVWDWR
GHO
ULVFDOGDPHQWR
UDIIUHGGDPHQWRVHSDUDWD
ƒ (IILFDFH QHOOD ULGX]LRQH GHL FRVWL 121 q QHFHVVDULR XQ
WHUPRVWDWRDPELHQWHHVWHUQRDJJLXQWLYR
ƒ 0DVVLPR FRPIRUW HG HIILFLHQ]D /D IXQ]LRQDOLWj GHO WHUPRVWDWR
DPELHQWH LQWHOOLJHQWH SXz GLPLQXLUH R DXPHQWDUH OD WHPSHUDWXUD
PDQXDOH ULFKLHVWD LQ EDVH DOOD WHPSHUDWXUD DPELHQWH HIIHWWLYD
PRGXOD]LRQH4XHVWRSRUWDDGRWWHQHUH
ƒ 8QD WHPSHUDWXUD DPELHQWH VWDELOH FRUULVSRQGHQWH DOOD
WHPSHUDWXUDGHVLGHUDWDFRPIRUWSLHOHYDWR
%HQHILFL
ƒ 0HQR FLFOL $77,9$72',6$77,9$72 PLQRUH UXPRURVLWj
PDJJLRUHFRPIRUWHPDJJLRUHHIILFLHQ]D
ƒ :LUHOHVV ,O WHUPRVWDWR DPELHQWH HVWHUQR 5RWH[ q GLVSRQLELOH LQ
XQDYHUVLRQHZLUHOHVV
ƒ 7HPSHUDWXUDPDQXDOHSLEDVVDSRVVLELOHPDJJLRUHHIILFLHQ]D
ƒ (IILFLHQ]D %HQFKp LO WHUPRVWDWR DPELHQWH HVWHUQR LQYLL VROR
VHJQDOL $77,9$72',6$77,9$72 HVVR q VSHFLILFDWDPHQWH
SURJHWWDWRSHULOVLVWHPDGHOODSRPSDGLFDORUH
ƒ )DFLOLWj GL XWLOL]]R 6L SXz LPSRVWDUH IDFLOPHQWH OD WHPSHUDWXUD
DPELHQWHGHVLGHUDWDDWWUDYHUVRO
LQWHUIDFFLDXWHQWH
ƒ 3HUOHSURSULHHVLJHQ]HTXRWLGLDQHVLSRVVRQRXWLOL]]DUHLYDORUL
HSURJUDPPLSUHLPSRVWDWL
ƒ 3HUSDVVDUHDXQXWLOL]]RDOGLIXRULGHOOHHVLJHQ]HTXRWLGLDQHq
SRVVLELOH E\SDVVDUH WHPSRUDQHDPHQWH L YDORUL H L SURJUDPPL
SUHLPSRVWDWLHXVDUHLOPRGRYDFDQ]D«
5LVFDOGDPHQWRDSDYLPHQWRRUDGLDWRUL±
7HUPRVWDWRDPELHQWHZLUHOHVV
,PSRVWD]LRQH
ƒ &RPIRUW ,Q FDVR GL ULVFDOGDPHQWR D SDYLPHQWR LO WHUPRVWDWR
DPELHQWHHVWHUQRZLUHOHVVSUHYLHQHODIRUPD]LRQHGLFRQGHQVDVXO
SDYLPHQWR GXUDQWH LO IXQ]LRQDPHQWR GHO UDIIUHGGDPHQWR
PLVXUDQGRO
XPLGLWjGHOO
DPELHQWH
&RQYHWWRULFRQSRPSDGLFDORUH
,PSRVWD]LRQH
A
B
A
B
a
a
b
$
%
D
E
=RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
8QDPELHQWHVLQJROR
5LFHYLWRUHSHUWHUPRVWDWRDPELHQWHHVWHUQRZLUHOHVV
7HUPRVWDWRDPELHQWHHVWHUQRZLUHOHVV
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
$ =RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
% 8QDPELHQWHVLQJROR
D &RPDQGR D GLVWDQ]D GHL FRQYHWWRUL
SRPSDGLFDORUH
FRQ
ƒ , FRQYHWWRUL FRQ SRPSD GL FDORUH VRQR FROOHJDWL GLUHWWDPHQWH
DOO
XQLWjLQWHUQD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
ƒ /D WHPSHUDWXUD DPELHQWH GHVLGHUDWD YLHQH LPSRVWDWD WUDPLWH LO
FRPDQGRDGLVWDQ]DGHLFRQYHWWRULFRQSRPSDGLFDORUH
ƒ ,O VHJQDOH GL ULFKLHVWD GL ULVFDOGDPHQWRUDIIUHGGDPHQWR DPELHQWH
YLHQH LQYLDWR DG XQ LQSXW GLJLWDOH VXOO
XQLWj LQWHUQD ;0 H
;0
ƒ ,O PRGR IXQ]LRQDPHQWR DPELHQWH YLHQH LQYLDWR DL FRQYHWWRUL FRQ
SRPSD GL FDORUH PHGLDQWH XQ
XVFLWD GLJLWDOH VXOO
XQLWj LQWHUQD
;0H;0
,1)250$=,21,
6H VL XWLOL]]DQR SL FRQYHWWRUL FRQ SRPSD GL FDORUH
DVVLFXUDUVLFKHFLDVFXQRULFHYDLOVHJQDOHDJOLLQIUDURVVLGDO
FRPDQGRDGLVWDQ]DGHLFRQYHWWRULFRQSRPSDGLFDORUH
&RQILJXUD]LRQH
,PSRVWD]LRQH
9DORUH
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ >$@
&RQWU7$HVW,O
IXQ]LRQDPHQWRGHOO
XQLWjYLHQH
GHFLVRGDOWHUPRVWDWRHVWHUQR
ƒ &RGLFH>&@
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
]RQD7PDQ3ULQFLSDOH
% 8QDPELHQWHVLQJROR
D &RPDQGR D GLVWDQ]D
SRPSDGLFDORUH
ƒ /D WHPSHUDWXUD DPELHQWH GHVLGHUDWD YLHQH LPSRVWDWD WUDPLWH LO
FRPDQGRDGLVWDQ]DGHLFRQYHWWRULFRQSRPSDGLFDORUH
ƒ ,O VHJQDOH GL ULFKLHVWD GL ULVFDOGDPHQWRUDIIUHGGDPHQWR DPELHQWH
YLHQH LQYLDWR DG XQ LQSXW GLJLWDOH VXOO
XQLWj LQWHUQD ;0 H
;0
ƒ ,OPRGRIXQ]LRQDPHQWRDPELHQWHYLHQHLQYLDWRPHGLDQWHXQ
XVFLWD
GLJLWDOH;0H;0VXOO
XQLWjLQWHUQDD
ƒ ,FRQYHWWRULFRQSRPSDGLFDORUH
ƒ /DYDOYRODGLLQWHUFHWWD]LRQH
&RQILJXUD]LRQH
,PSRVWD]LRQH
9DORUH
ƒ &RGLFH>@
ƒ >$@
7HUPRVWDWRDPELHQWHHVWHUQRSHU )WHUP212))4XDQGRLO
OD]RQDSULQFLSDOH
WHUPRVWDWRDPELHQWHHVWHUQRRLO
FRQYHWWRUHGHOODSRPSDGLFDORUH
ƒ >$@
XWLOL]]DWLSRVVRQRVRORLQYLDUH
ƒ &RGLFH>&@
XQDFRQGL]LRQH$77,9$72
',6$77,9$72GHOWHUPRVWDWR
1HVVXQDVHSDUD]LRQHWUDOD
ULFKLHVWDGLULVFDOGDPHQWRRGL
UDIIUHGGDPHQWR
ƒ &RGLFH>&@
ƒ (IILFLHQ]D (IILFLHQ]D HQHUJHWLFD RWWLPDOH JUD]LH DOOD IXQ]LRQH GL
LQWHUFROOHJDPHQWR
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
&RQWU7$HVW,O
IXQ]LRQDPHQWRGHOO
XQLWjYLHQH
GHFLVRGDOWHUPRVWDWRHVWHUQR
]RQD7PDQ3ULQFLSDOH
ƒ >$@
ƒ &RGLFH>@
7HUPRVWDWRDPELHQWHHVWHUQRSHU )WHUP212))4XDQGRLO
OD]RQDSULQFLSDOH
WHUPRVWDWRDPELHQWHHVWHUQRRLO
FRQYHWWRUHGHOODSRPSDGLFDORUH
ƒ >$@
XWLOL]]DWLSRVVRQRVRORLQYLDUH
ƒ &RGLFH>&@
XQDFRQGL]LRQH$77,9$72
',6$77,9$72GHOWHUPRVWDWR
1HVVXQDVHSDUD]LRQHWUDOD
ULFKLHVWDGLULVFDOGDPHQWRRGL
UDIIUHGGDPHQWR
%HQHILFL
ƒ (OHJDQWH
&RPELQD]LRQH5LVFDOGDPHQWRDSDYLPHQWR
&RQYHWWRULFRQSRPSDGLFDORUH
ƒ 5DIIUHGGDPHQWR ,O FRQYHWWRUH FRQ SRPSD GL FDORUH RIIUH ROWUH
DOOD FDSDFLWj GL ULVFDOGDPHQWR DQFKH XQ
HFFHOOHQWH FDSDFLWj GL
UDIIUHGGDPHQWR
ƒ (IILFLHQ]D ,O ULVFDOGDPHQWR D SDYLPHQWR RIIUH OH PLJOLRUL
SUHVWD]LRQLFRQ5RWH[+368
ƒ ,OULVFDOGDPHQWRDPELHQWHqIRUQLWRGD
ƒ ,OULVFDOGDPHQWRDSDYLPHQWR
ƒ &RPIRUW /D FRPELQD]LRQH GHL GXH WLSL GL WUDVPHWWLWRUL GL FDORUH
RIIUH
ƒ ,FRQYHWWRULFRQSRPSDGLFDORUH
ƒ ,O UDIIUHGGDPHQWR DPELHQWH q IRUQLWR VROR GDL FRQYHWWRUL FRQ
SRPSDGLFDORUH,OULVFDOGDPHQWRDSDYLPHQWRYLHQHVSHQWRGDOOD
YDOYRODGLLQWHUFHWWD]LRQH
,PSRVWD]LRQH
ƒ 8QFRPIRUWHFFHOOHQWHGHOULVFDOGDPHQWRDSDYLPHQWR
ƒ 8Q FRPIRUW HFFHOOHQWH GL UDIIUHGGDPHQWR GHL FRQYHWWRUL FRQ
SRPSDGLFDORUH
(VHPSLR6HLOVLVWHPDDSRPSDGLFDORUHYLHQHXVDWRSHUULVFDOGDUH
XQ SLDQR GRYH WXWWL JOL DPELHQWL KDQQR JOL VWHVVL WUDVPHWWLWRUL GL
FDORUH
M1
a
$ =RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
$PELHQWLPXOWLSOL±8QD]RQD7PDQ
6H q QHFHVVDULD XQD VROD ]RQD GL WHPSHUDWXUD PDQXDOH SRLFKp OD
WHPSHUDWXUDPDQXDOHGLSURJHWWRGLWXWWLLWUDVPHWWLWRULGLFDORUHqOD
VWHVVD 121 q ULFKLHVWD XQD VWD]LRQH FRQ YDOYROD GL PLVFHOD]LRQH
ULGX]LRQHGHLFRVWL
A
B
FRQ
ƒ 8QD YDOYROD GL LQWHUFHWWD]LRQH GD UHSHULUH LQ ORFR q LQVWDOODWD
SULPDGHOULVFDOGDPHQWRDSDYLPHQWRSHUSUHYHQLUHODIRUPD]LRQH
GL FRQGHQVD VXO SDYLPHQWR GXUDQWH LO IXQ]LRQDPHQWR GHO
UDIIUHGGDPHQWR
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ 5DIIUHGGDPHQWR ,O FRQYHWWRUH FRQ SRPSD GL FDORUH RIIUH ROWUH
DOOD FDSDFLWj GL ULVFDOGDPHQWR DQFKH XQ
HFFHOOHQWH FDSDFLWj GL
UDIIUHGGDPHQWR
FRQYHWWRUL
ƒ , FRQYHWWRUL FRQ SRPSD GL FDORUH VRQR FROOHJDWL GLUHWWDPHQWH
DOO
XQLWjLQWHUQD
ƒ >$@
%HQHILFL
GHL
5LVFDOGDPHQWRDSDYLPHQWRRUDGLDWRUL±9DOYROH
WHUPRVWDWLFKH
6HVLULVFDOGDQRGHJOLDPELHQWLWUDPLWHULVFDOGDPHQWRDSDYLPHQWRR
UDGLDWRULXQPRGRPROWRFRPXQHGLDJLUHFRQVLVWHQHOFRQWUROODUHOD
WHPSHUDWXUD GHOO
DPELHQWH SULQFLSDOH XWLOL]]DQGR XQ WHUPRVWDWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
TXHVWR SXz HVVHUH R O
LQWHUIDFFLD XWHQWH RSSXUH XQ WHUPRVWDWR
DPELHQWH HVWHUQR PHQWUH JOL DOWUL DPELHQWL VRQR FRQWUROODWL GDOOH
FRVLGGHWWHYDOYROHWHUPRVWDWLFKHFKHVLDSURQRHVLFKLXGRQRLQEDVH
DOODWHPSHUDWXUDDPELHQWH
5LVFDOGDPHQWRDSDYLPHQWRRUDGLDWRUL±
7HUPRVWDWLDPELHQWHHVWHUQLPXOWLSOL
,PSRVWD]LRQH
,PSRVWD]LRQH
A
B
A
B
C
M1
M2
C
b
T
a
a
a
$
%
&
D
$
%
&
D
E
=RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
$PELHQWH
$PELHQWH
,QWHUIDFFLDXWHQWH
ƒ ,O ULVFDOGDPHQWR D SDYLPHQWR GHOO
DPELHQWH SULQFLSDOH q FROOHJDWR
GLUHWWDPHQWHDOO
XQLWjLQWHUQD
ƒ /D WHPSHUDWXUD DPELHQWH GHOO
DPELHQWH SULQFLSDOH q FRQWUROODWD
GDOO
LQWHUIDFFLDXWHQWHXVDWDFRPHWHUPRVWDWR
ƒ 8QD
YDOYROD
WHUPRVWDWLFD
q
LQVWDOODWD
SULPD
ULVFDOGDPHQWRDSDYLPHQWRLQFLDVFXQRGHJOLDOWULDPELHQWL
GHO
,1)250$=,21,
)DUH DWWHQ]LRQH DOOH VLWXD]LRQL LQ FXL O
DPELHQWH SULQFLSDOH
SRWUHEEH ULVFDOGDWR GD XQ
DOWUD VRUJHQWH GL ULVFDOGDPHQWR
(VHPSLR&DPLQHWWL
&RQILJXUD]LRQH
,PSRVWD]LRQH
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ >$@
ƒ &RGLFH>&@
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
=RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
$PELHQWH
$PELHQWH
7HUPRVWDWRDPELHQWHHVWHUQR
9DOYRODGLE\SDVV
ƒ 3HU FLDVFXQ DPELHQWH YLHQH LQVWDOODWD XQD YDOYROD GL
LQWHUFHWWD]LRQH UHSHULWD LQ ORFR SHU HYLWDUH O
DOLPHQWD]LRQH GL
DFTXD LQ XVFLWD TXDQGR QRQ YL q ULFKLHVWD GL ULVFDOGDPHQWR R
UDIIUHGGDPHQWR
ƒ 6L GHYH LQVWDOODUH XQD YDOYROD GL E\SDVV SHU UHQGHUH SRVVLELOH LO
ULFLUFRORGHOO
DFTXDTXDQGRWXWWHOHYDOYROHGLLQWHUFHWWD]LRQHVRQR
FKLXVH
ƒ /
LQWHUIDFFLD XWHQWH FROOHJDWD DOO
XQLWj LQWHUQD GHFLGH LO PRGR
IXQ]LRQDPHQWRDPELHQWH5LFRUGDUHFKHLOPRGRIXQ]LRQDPHQWRGL
FLDVFXQ WHUPRVWDWR DPELHQWH GHYH HVVHUH LPSRVWDWR SHU
FRUULVSRQGHUHDOO
XQLWjLQWHUQD
ƒ , WHUPRVWDWL DPELHQWH YHQJRQR FROOHJDWL DOOH YDOYROH GL
LQWHUFHWWD]LRQHPD121GHYRQRHVVHUHFROOHJDWLDOO
XQLWjLQWHUQD
/
XQLWj LQWHUQD IRUQLUj FRVWDQWHPHQWH DFTXD LQ XVFLWD FRQ OD
SRVVLELOLWjGLSURJUDPPDUHXQSURJUDPPDFRUULVSRQGHQWH
9DORUH
&RQWU7$,OIXQ]LRQDPHQWR
GHOO
XQLWjYLHQHGHFLVRLQEDVH
DOODWHPSHUDWXUDDPELHQWH
GHOO
LQWHUIDFFLDXWHQWH
&RQILJXUD]LRQH
]RQD7PDQ3ULQFLSDOH
ƒ >$@
ƒ >$@
ƒ &RGLFH>@
,PSRVWD]LRQH
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ &RGLFH>&@
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
9DORUH
&RQWU7PDQ,O
IXQ]LRQDPHQWRGHOO
XQLWjYLHQH
GHFLVRLQEDVHDOODWHPSHUDWXUD
PDQXDOH
]RQD7PDQ3ULQFLSDOH
ƒ >$@
%HQHILFL
ƒ &RGLFH>@
ƒ (IILFDFHQHOODULGX]LRQHGHLFRVWL
ƒ )DFLOLWj GL XWLOL]]R 6WHVVR LPSLDQWR GL TXHOOR XVDWR SHU XQ VROR
DPELHQWHPDFRQYDOYROHWHUPRVWDWLFKH
%HQHILFL
&RQIURQWR FRQ LO ULVFDOGDPHQWR D SDYLPHQWR R L UDGLDWRUL SHU XQ
DPELHQWH
ƒ &RPIRUW 6L SXz LPSRVWDUH OD WHPSHUDWXUD DPELHQWH GHVLGHUDWD
LQFOXVL L SURJUDPPL SHU FLDVFXQ DPELHQWH DWWUDYHUVR L WHUPRVWDWL
DPELHQWH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
&RQYHWWRULFRQSRPSDGLFDORUH
&RPELQD]LRQH5LVFDOGDPHQWRDSDYLPHQWR
&RQYHWWRULFRQSRPSDGLFDORUH
,PSRVWD]LRQH
,PSRVWD]LRQH
A
B
C
A
B
C
M1
a
M1
a
b
a
$
%
&
D
=RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
$PELHQWH
$PELHQWH
&RPDQGR D GLVWDQ]D GHL FRQYHWWRUL
SRPSDGLFDORUH
FRQ
ƒ /D WHPSHUDWXUD DPELHQWH GHVLGHUDWD YLHQH LPSRVWDWD WUDPLWH LO
FRPDQGRDGLVWDQ]DGHLFRQYHWWRULFRQSRPSDGLFDORUH
ƒ /
LQWHUIDFFLD XWHQWH FROOHJDWD DOO
XQLWj LQWHUQD GHFLGH LO PRGR
IXQ]LRQDPHQWRDPELHQWH
ƒ ,VHJQDOLGLULFKLHVWDGLULVFDOGDPHQWRRUDIIUHGGDPHQWRGLFLDVFXQ
FRQYHWWRUHFRQSRPSDGLFDORUHVRQRFROOHJDWLLQSDUDOOHORDOO
LQSXW
GLJLWDOH VXOO
XQLWj LQWHUQD ;0 H ;0 /
XQLWj LQWHUQD IRUQLUj
ODWHPSHUDWXUDPDQXDOHVRORLQSUHVHQ]DGLXQDULFKLHVWDHIIHWWLYD
,1)250$=,21,
3HU DXPHQWDUH LO FRPIRUW H OH SUHVWD]LRQL 5RWH[ FRQVLJOLD
GLLQVWDOODUHO
RS]LRQHGHONLWYDOYROH(.9.+3&VXFLDVFXQ
FRQYHWWRUHFRQSRPSDGLFDORUH
&RQILJXUD]LRQH
,PSRVWD]LRQH
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ >$@
9DORUH
&RQWU7$HVW,O
IXQ]LRQDPHQWRGHOO
XQLWjYLHQH
GHFLVRGDOWHUPRVWDWRHVWHUQR
ƒ &RGLFH>&@
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
]RQD7PDQ3ULQFLSDOH
ƒ >$@
ƒ &RGLFH>@
$
%
&
D
E
=RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
$PELHQWH
$PELHQWH
7HUPRVWDWRDPELHQWHHVWHUQR
&RPDQGR D GLVWDQ]D GHL FRQYHWWRUL
SRPSDGLFDORUH
FRQ
ƒ 3HURJQLDPELHQWHFRQFRQYHWWRULFRQSRPSDGLFDORUHLFRQYHWWRUL
FRQSRPSDGLFDORUHVRQRFROOHJDWLGLUHWWDPHQWHDOO
XQLWjLQWHUQD
ƒ 3HU FLDVFXQ DPELHQWH FRQ ULVFDOGDPHQWR D SDYLPHQWR 6RQR
LQVWDOODWHGXHYDOYROHGLLQWHUFHWWD]LRQHGDUHSHULUHLQORFRSULPD
GHOULVFDOGDPHQWRDSDYLPHQWR
ƒ 8QD YDOYROD GL LQWHUFHWWD]LRQH SHU LPSHGLUH O
DOLPHQWD]LRQH GL
DFTXD FDOGD TXDQGR QRQ YL q ULFKLHVWD GL ULVFDOGDPHQWR SHU
O
DPELHQWH
ƒ 8QD YDOYROD GL LQWHUFHWWD]LRQH SHU SUHYHQLUH OD IRUPD]LRQH GL
FRQGHQVD VXO SDYLPHQWR GXUDQWH LO IXQ]LRQDPHQWR GHO
UDIIUHGGDPHQWR GHJOL DPELHQWL FRQ FRQYHWWRUL FRQ
SRPSDGLFDORUH
ƒ 3HU RJQL DPELHQWH FRQ FRQYHWWRUL FRQ SRPSD GL FDORUH /D
WHPSHUDWXUD DPELHQWH GHVLGHUDWD YLHQH LPSRVWDWD DWWUDYHUVR LO
FRPDQGRDGLVWDQ]DGHLFRQYHWWRULFRQSRPSDGLFDORUH
ƒ 3HU FLDVFXQ DPELHQWH FRQ ULVFDOGDPHQWR D SDYLPHQWR /D
WHPSHUDWXUD DPELHQWH GHVLGHUDWD YLHQH LPSRVWDWD DWWUDYHUVR LO
WHUPRVWDWRDPELHQWHHVWHUQRFDEODWRRZLUHOHVV
ƒ /
LQWHUIDFFLD XWHQWH FROOHJDWD DOO
XQLWj LQWHUQD GHFLGH LO PRGR
IXQ]LRQDPHQWR DPELHQWH 7HQHUH SUHVHQWH FKH LO PRGR
IXQ]LRQDPHQWR VX FLDVFXQ WHUPRVWDWR DPELHQWH HVWHUQR H VXO
FRPDQGR D GLVWDQ]D GHL FRQYHWWRUL FRQ SRPSD GL FDORUH GHYH
HVVHUH LPSRVWDWR LQ PRGR GD FRUULVSRQGHUH D TXHOOR GHOO
XQLWj
LQWHUQD
%HQHILFL
,1)250$=,21,
&RQIURQWRFRQLFRQYHWWRULFRQSRPSDGLFDORUHSHUXQDPELHQWH
3HU DXPHQWDUH LO FRPIRUW H OH SUHVWD]LRQL 5RWH[ FRQVLJOLD
GLLQVWDOODUHO
RS]LRQHGHONLWYDOYROH(.9.+3&VXFLDVFXQ
FRQYHWWRUHFRQSRPSDGLFDORUH
ƒ &RPIRUW 6L SXz LPSRVWDUH OD WHPSHUDWXUD DPELHQWH GHVLGHUDWD
LQFOXVLLSURJUDPPLSHUFLDVFXQDPELHQWHDWWUDYHUVRLOFRPDQGRD
GLVWDQ]DGHLFRQYHWWRULFRQSRPSDGLFDORUH
&RQILJXUD]LRQH
,PSRVWD]LRQH
9DORUH
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ >$@
ƒ &RGLFH>&@
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
&RQWU7PDQ,O
IXQ]LRQDPHQWRGHOO
XQLWjYLHQH
GHFLVRLQEDVHDOODWHPSHUDWXUD
PDQXDOH
]RQD7PDQ3ULQFLSDOH
ƒ >$@
ƒ &RGLFH>@
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
$PELHQWLPXOWLSOL±'XH]RQH7PDQ
,1)250$=,21,
6H L WUDVPHWWLWRUL GL FDORUH VHOH]LRQDWL SHU FLDVFXQ DPELHQWH VRQR
SURJHWWDWL SHU WHPSHUDWXUH PDQXDOL GLIIHUHQWL VL SRVVRQR XWLOL]]DUH
]RQHGLWHPSHUDWXUDPDQXDOHGLIIHUHQWLPDVVLPR
,QTXHVWRGRFXPHQWR
ƒ =RQDSULQFLSDOH =RQDFRQODSLEDVVDWHPSHUDWXUDGLSURJHWWR
SHU LO ULVFDOGDPHQWR H OD SL DOWD WHPSHUDWXUD GL SURJHWWR SHU LO
UDIIUHGGDPHQWR
ƒ =RQDDJJLXQWLYD /
DOWUD]RQD
3ULPDGHOODVWD]LRQHGHOODYDOYRODGLPLVFHOD]LRQHVLGHYH
LQVWDOODUH XQD YDOYROD GL UHJROD]LRQH GHOOD SUHVVLRQH
4XHVWRVHUYHDJDUDQWLUHLOFRUUHWWRHTXLOLEULRGHOODSRUWDWD
DFTXD WUD OD ]RQD GHOOD WHPSHUDWXUD PDQXDOH SULQFLSDOH H
OD]RQDGHOODWHPSHUDWXUDPDQXDOHDJJLXQWLYDLQUHOD]LRQH
FRQ OD FDSDFLWj ULFKLHVWD GL HQWUDPEH OH ]RQH GL
WHPSHUDWXUDGHOO
DFTXD
ƒ 3HUOD]RQDSULQFLSDOH
ƒ 3ULPD GHO ULVFDOGDPHQWR D SDYLPHQWR q LQVWDOODWD XQD VWD]LRQH
FRQYDOYRODGLPLVFHOD]LRQH
$77(1=,21(
4XDQGR YL q SL GL XQD ]RQD GHOO
DFTXD LQ XVFLWD VL GHYH
VHPSUHLQVWDOODUHXQDVWD]LRQHFRQYDOYRODGLPLVFHOD]LRQH
QHOOD ]RQD SULQFLSDOH SHU GLPLQXLUH SHU LO ULVFDOGDPHQWR
DXPHQWDUHSHULOUDIIUHGGDPHQWRODWHPSHUDWXUDPDQXDOH
TXDQGR q SUHVHQWH XQD ULFKLHVWD ULJXDUGDQWH OD ]RQD
DJJLXQWLYD
ƒ /D SRPSD GHOOD VWD]LRQH FRQ YDOYROD GL PLVFHOD]LRQH q
FRQWUROODWD GDO VHJQDOH $WWLYDWD',6$77,9$7$ VXOO
XQLWj LQWHUQD
;0H;0XVFLWDYDOYRODGLLQWHUFHWWD]LRQHQRUPDOPHQWH
FKLXVD
ƒ /D WHPSHUDWXUD DPELHQWH q FRQWUROODWD GDOO
LQWHUIDFFLD XWHQWH
FKHYLHQHXVDWDFRPHWHUPRVWDWRDPELHQWH
ƒ 3HUOD]RQDDJJLXQWLYD
(VHPSLRWLSLFR
$PELHQWH]RQD
ƒ , FRQYHWWRUL FRQ SRPSD GL FDORUH VRQR FROOHJDWL GLUHWWDPHQWH
DOO
XQLWjLQWHUQD
7UDVPHWWLWRUHLGLFDORUH
7HPSHUDWXUDGLSURJHWWR
6DORWWR]RQDSULQFLSDOH
ƒ /D WHPSHUDWXUD DPELHQWH GHVLGHUDWD YLHQH LPSRVWDWD WUDPLWH LO
FRPDQGR D GLVWDQ]D GHL FRQYHWWRUL FRQ SRPSD GL FDORUH SHU
FLDVFXQDPELHQWH
5LVFDOGDPHQWRDSDYLPHQWR
ƒ 3HULOULVFDOGDPHQWRƒ&
ƒ 3HU LO UDIIUHGGDPHQWR ƒ&
VROR DULD IUHVFD QRQ q
FRQVHQWLWR XQ YHUR H SURSULR
UDIIUHGGDPHQWR
&DPHUHGDOHWWR]RQD
DJJLXQWLYD
&RQYHWWRULFRQSRPSDGLFDORUH
ƒ 3HULOULVFDOGDPHQWRƒ&
ƒ 3HULOUDIIUHGGDPHQWRƒ&
,PSRVWD]LRQH
A
B
ƒ , VHJQDOL GL ULFKLHVWD GL ULVFDOGDPHQWR R UDIIUHGGDPHQWR GL
FLDVFXQ FRQYHWWRUH FRQ SRPSD GL FDORUH VRQR FROOHJDWL LQ
SDUDOOHOR DOO
LQSXW GLJLWDOH VXOO
XQLWj LQWHUQD ;0 H ;0
/
XQLWj LQWHUQD IRUQLUj OD WHPSHUDWXUD PDQXDOH DJJLXQWLYD
ULFKLHVWDVRORLQSUHVHQ]DGLXQDULFKLHVWDHIIHWWLYD
ƒ /
LQWHUIDFFLD XWHQWH FROOHJDWD DOO
XQLWj LQWHUQD GHFLGH LO PRGR
IXQ]LRQDPHQWR DPELHQWH 7HQHUH SUHVHQWH FKH LO PRGR
IXQ]LRQDPHQWRVXFLDVFXQFRPDQGRDGLVWDQ]DGHLFRQYHWWRULFRQ
SRPSDGLFDORUHGHYHHVVHUHLPSRVWDWRLQPRGRGDFRUULVSRQGHUH
DTXHOORGHOO
XQLWjLQWHUQD
&RQILJXUD]LRQH
C
,PSRVWD]LRQH
&RQWUROORWHPSHUDWXUDGHOO
XQLWj
ƒ >$@
ƒ &RGLFH>&@
a
d
c
a
9DORUH
&RQWU7$,OIXQ]LRQDPHQWR
GHOO
XQLWjYLHQHGHFLVRLQEDVH
DOODWHPSHUDWXUDDPELHQWH
GHOO
LQWHUIDFFLDXWHQWH
1RWD
ƒ $PELHQWH
SULQFLSDOH
LQWHUIDFFLD XWHQWH XWLOL]]DWR
FRPH IXQ]LRQH WHUPRVWDWR
DPELHQWH
D
E
ƒ $OWUL DPELHQWL
IXQ]LRQH
WHUPRVWDWRDPELHQWHHVWHUQR
1XPHURGL]RQHGLWHPSHUDWXUD
GHOO
DFTXD
]RQH7PDQ3ULQFLSDOH
DJJLXQWLYD
ƒ >$@
b
$
%
&
'
(
D
=RQDWHPSHUDWXUDPDQXDOHDJJLXQWLYD
$PELHQWH
$PELHQWH
=RQDWHPSHUDWXUDPDQXDOHSULQFLSDOH
$PELHQWH
&RPDQGR D GLVWDQ]D GHL FRQYHWWRUL
SRPSDGLFDORUH
E ,QWHUIDFFLDXWHQWH
F 6WD]LRQHFRQYDOYRODGLPLVFHOD]LRQH
G 9DOYRODGLUHJROD]LRQHGHOODSUHVVLRQH
ƒ &RGLFH>@
1HOFDVRGHLFRQYHWWRULFRQ
SRPSDGLFDORUH
FRQ
)WHUP212))4XDQGRLO
WHUPRVWDWRDPELHQWHHVWHUQRRLO
FRQYHWWRUHGHOODSRPSDGLFDORUH
7HUPRVWDWRDPELHQWHHVWHUQRSHU
XWLOL]]DWLSRVVRQRVRORLQYLDUH
OD]RQDDJJLXQWLYD
XQDFRQGL]LRQH$77,9$72
ƒ >$@
',6$77,9$72GHOWHUPRVWDWR
1HVVXQDVHSDUD]LRQHWUDOD
ƒ &RGLFH>&@
ULFKLHVWDGLULVFDOGDPHQWRRGL
UDIIUHGGDPHQWR
8VFLWDYDOYRODGLLQWHUFHWWD]LRQH
,PSRVWDUHSHUVHJXLUHODULFKLHVWD
WHUPRVWDWRGHOOD]RQDSULQFLSDOH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
,PSRVWD]LRQH
9DORUH
9DOYRODGLLQWHUFHWWD]LRQH
6HVLGHYHLQWHUFHWWDUHOD]RQD
SULQFLSDOHGXUDQWHLOPRGR
UDIIUHGGDPHQWRSHUSUHYHQLUHOD
IRUPD]LRQHGLFRQGHQVDVXO
SDYLPHQWRLPSRVWDUODGL
FRQVHJXHQ]D
$OODVWD]LRQHFRQYDOYRODGL
PLVFHOD]LRQH
,PSRVWDUHODWHPSHUDWXUD
PDQXDOHULFKLHVWDSULQFLSDOHSHULO
ULVFDOGDPHQWRHRLO
UDIIUHGGDPHQWR
,PSRVWD]LRQH
ƒ ,QWHJUDUHODFDOGDLDDXVLOLDULDFRPHVHJXH
6RORSHU5+%+;
a
b c
d e
f
g
h
j
M
h
i
%HQHILFL
ƒ &RPIRUW
k
f
ƒ /D IXQ]LRQDOLWj GHO WHUPRVWDWR DPELHQWH LQWHOOLJHQWH SXz
GLPLQXLUHRDXPHQWDUHODWHPSHUDWXUDPDQXDOHULFKLHVWDLQEDVH
DOODWHPSHUDWXUDDPELHQWHHIIHWWLYDPRGXOD]LRQH
l
ƒ /D FRPELQD]LRQH GHL GXH VLVWHPL GL WUDVPHWWLWRUL GL FDORUH RIIUH
O
HFFHOOHQWH FRPIRUW GHO ULVFDOGDPHQWR D SDYLPHQWR H
O
HFFHOOHQWH FRPIRUW GHO UDIIUHGGDPHQWR GHL FRQYHWWRUL FRQ
SRPSDGLFDORUH
i
n
FHL1
FHL2
ƒ (IILFLHQ]D
ƒ ,Q EDVH DOOD ULFKLHVWD O
XQLWj LQWHUQD DOLPHQWD XQD WHPSHUDWXUD
PDQXDOH GLIIHUHQWH FRUULVSRQGHQWH DOOD WHPSHUDWXUD GL SURJHWWR
GHLYDULWUDVPHWWLWRULGLFDORUH
ƒ ,O ULVFDOGDPHQWR D SDYLPHQWR RIIUH OH PLJOLRUL SUHVWD]LRQL FRQ
5RWH[+368
6RORSHU5+9+;
,PSRVWD]LRQHGLXQDIRQWHGLFDORUH
DXVLOLDULDSHULOULVFDOGDPHQWRDPELHQWH
a
b c de g
ƒ ,O ULVFDOGDPHQWR DPELHQWH SXz HVVHUH HVHJXLWR FRQ L VHJXHQWL
PH]]L
f
h
h
f
ƒ 8QDFDOGDLDDXVLOLDULDGDUHSHULUHLQORFRFROOHJDWDDOVLVWHPD
i
ƒ 4XDQGR LO WHUPRVWDWR DPELHQWH ULFKLHGH LO ULVFDOGDPHQWR O
XQLWj
LQWHUQD R OD FDOGDLD DXVLOLDULD LQL]LDQR D IXQ]LRQDUH LQ EDVH DOOD
WHPSHUDWXUD HVWHUQD VWDWR GL FRPPXWD]LRQH DOOD IRQWH GL FDORUH
HVWHUQD 6H YLHQH GDWD O
DXWRUL]]D]LRQH DOOD FDOGDLD DXVLOLDULD LO
ULVFDOGDPHQWR DPELHQWH GD SDUWH GHOO
XQLWj LQWHUQD YLHQH
',6$77,9$72
k
l
FHL1
m
,1)250$=,21,
FHL2
FHL3
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
)+/
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
i
n
ƒ ,OIXQ]LRQDPHQWRELYDOHQWHqSRVVLELOHVROWDQWRSHULOULVFDOGDPHQWR
DPELHQWH 121 SHU OD SURGX]LRQH GL DFTXD FDOGD VDQLWDULD
/
DFTXDFDOGDVDQLWDULDYLHQHVHPSUHSURGRWWDGDOVHUEDWRLR$&6
FROOHJDWRDOO
XQLWjLQWHUQD
ƒ 'XUDQWHLOIXQ]LRQDPHQWRGLULVFDOGDPHQWRGHOODFDOGDLD
DXVLOLDULD OD FDOGDLD DXVLOLDULD IXQ]LRQD SHU UDJJLXQJHUH
ODWHPSHUDWXUDGHOO
DFTXDULFKLHVWDLPSRVWDWDDWWUDYHUVR
LOFRPDQGRGHOODFDOGDLDDXVLOLDULD
j
M
ƒ /
XQLWjLQWHUQD
ƒ 'XUDQWH LO IXQ]LRQDPHQWR GL ULVFDOGDPHQWR GHOOD
SRPSD GL FDORUH OD SRPSD GL FDORUH IXQ]LRQD SHU
UDJJLXQJHUH OD WHPSHUDWXUD GHVLGHUDWD WUDPLWH
O
LQWHUIDFFLDXWHQWH4XDQGRLOIXQ]LRQDPHQWRGLSHQGHQWH
GD FRQGL]LRQL PHWHRURORJLFKH q DWWLYR OD WHPSHUDWXUD
GHOO
DFTXD YLHQH GHWHUPLQDWD DXWRPDWLFDPHQWH LQ EDVH
DOODWHPSHUDWXUDHVWHUQD
FHL3
m
8QLWjHVWHUQD
8QLWjLQWHUQD
6FDPELDWRUHGLFDORUH
5LVFDOGDWRUHGLULVHUYD
3RPSD
9DOYRODGLLQWHUFHWWD]LRQH
9DOYROD D YLH PRWRUL]]DWD LQ GRWD]LRQH FRQ LO
VHUEDWRLR$&6
9DOYRODGLULWHJQRGDUHSHULUHLQORFR
9DOYRODGLLQWHUFHWWD]LRQHGDUHSHULUHLQORFR
&ROOHWWRUHGDUHSHULUHLQORFR
&DOGDLDDXVLOLDULDGDUHSHULUHLQORFR
9DOYROD GL UHJROD]LRQH GHOO
DFTXD GD UHSHULUH LQ
ORFR
6HUEDWRLR$&65+%+;RS]LRQH
6HUSHQWLQDGHOORVFDPELDWRUHGLFDORUH
5LVFDOGDPHQWRDSDYLPHQWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
127$
ƒ $VVLFXUDUVL FKH OD FDOGDLD DXVLOLDULD H OD VXD
LQWHJUD]LRQH QHO VLVWHPD VLDQR FRQIRUPL FRQ OH OHJJL
DSSOLFDELOL
ƒ ,PSRVWD]LRQH(IIHWWXDUHLVHJXHQWLFROOHJDPHQWLHOHWWULFLLQORFR
L
A
K1A
K1A
ƒ $VVLFXUDUVLFKHO
DFTXDGLULWRUQRDOODSRPSDGLFDORUH121VXSHUL
Lƒ&3HUIDUHFLz
ƒ ,PSRVWDUH OD YDOYROD GL UHJROD]LRQH GHOO
DFTXD LQ PRGR FKH VL
FKLXGDDOGLVRSUDGLƒ&HVLDSUDDOGLVRWWRGLƒ&
ƒ ,QVWDOODUHGHOOHYDOYROHGLULWHJQR
ƒ $FFHUWDUVL GL DYHUH VROR XQ VHUEDWRLR GL HVSDQVLRQH QHO FLUFXLWR
LGUDXOLFR 8Q VHUEDWRLR GL HVSDQVLRQH q JLj SUHPRQWDWR QHOO
XQLWj
LQWHUQD
127$
ƒ ,QVWDOODUHODVFKHGDFRQ,2GLJLWDOHRS]LRQH(.53+%
ƒ $VVLFXUDUVL FKH LO FRQWDWWR DXVLOLDULR DEELD XQ
GLIIHUHQ]LDOH R XQ ULWDUGR WHPSRUDOH VXIILFLHQWH D
SUHYHQLUHODFRPPXWD]LRQHIUHTXHQWHWUDO
XQLWjLQWHUQD
HODFDOGDLDDXVLOLDULD
ƒ &ROOHJDUH ; H ; FRPPXWD]LRQH DOOD IRQWH GL FDORUH HVWHUQD
VXOODVFKHGDDOWHUPRVWDWRGHOODFDOGDLDDXVLOLDULD
ƒ 3HU LPSRVWDUH L WUDVPHWWLWRUL GL FDORUH YHGHUH ,PSRVWD]LRQH
GHO VLVWHPD GL ULVFDOGDPHQWRUDIIUHGGDPHQWR DPELHQWH D
SDJLQD
ƒ 6H LO FRQWDWWR DXVLOLDULR q XQ WHUPRVWDWR WHPSHUDWXUD
HVWHUQD LQVWDOODUH LO WHUPRVWDWR DOO
RPEUD LQPRGRFKH
TXHVWR 121 VLD LQIOXHQ]DWR R $77,9$72
',6$77,9$72GDOODOXFHGLUHWWDGHOVROH
&RQILJXUD]LRQH
7UDPLWHO
LQWHUIDFFLDXWHQWHSURFHGXUDJXLGDWDUDSLGD
ƒ /DFRPPXWD]LRQHIUHTXHQWHSXzFDXVDUHODFRUURVLRQH
GHOOD FDOGDLD DXVLOLDULD &RQWDWWDUH LO SURGXWWRUH GHOOD
FDOGDLDDXVLOLDULDSHUPDJJLRULLQIRUPD]LRQL
ƒ ,PSRVWDUH O
XVR GL XQ VLVWHPD ELYDOHQWH FRPH IRQWH GL FDORUH
HVWHUQD
ƒ ,PSRVWDUHODWHPSHUDWXUDHO
LVWHUHVLELYDOHQWL
ƒ /DFRPPXWD]LRQHIUHTXHQWHSXzFDXVDUHODFRUURVLRQH
GHOOD FDOGDLD DXVLOLDULD &RQWDWWDUH LO SURGXWWRUH GHOOD
FDOGDLDDXVLOLDULDSHUPDJJLRULLQIRUPD]LRQL
&RPPXWD]LRQHDOODIRQWHGLFDORUHHVWHUQDGHFLVDGDXQ
FRQWDWWRDXVLOLDULR
K2A
K2A
N
ƒ ,QVWDOODUH XQD YDOYROD GL UHJROD]LRQH GHOO
DFTXD QHOOD SRUWDWD
DFTXDGLULWRUQRGHOODSRPSDGLFDORUH
ƒ 'DWR FKH OD WHPSHUDWXUD HVWHUQD YLHQH PLVXUDWD GDO
WHUPLVWRUH DULD GHOO
XQLWj HVWHUQD LQVWDOODUH O
XQLWj
HVWHUQDDOO
RPEUDLQPRGRFKH121YHQJDLQIOXHQ]DWR
R$77,9$72',6$77,9$72GDOODOXFHGLUHWWDGHOVROH
BTI
X Y
%7, ,QJUHVVRWHUPRVWDWRGHOODFDOGDLD
$ &RQWDWWRDXVLOLDULRQRUPDOHFKLXVR
+ 7HUPRVWDWR DPELHQWH SHU LO ULVFDOGDPHQWR VX
ULFKLHVWDRS]LRQDOH
.$ 5HOq DXVLOLDULR GL DWWLYD]LRQH GHOO
XQLWj LQWHUQD GD
UHSHULUHLQORFR
.$ 5HOq DXVLOLDULR GL DWWLYD]LRQH GHOOD FDOGDLD QRQ GL
IRUQLWXUD
,QGRRU 8QLWjLQWHUQD
$XWR $XWRPDWLFR
%RLOHU &DOGDLD
ƒ ,PSRVWDUH OD WHPSHUDWXUD GHOO
DFTXD ULFKLHVWD WUDPLWH LO
FRPDQGRGHOODFDOGDLDDXVLOLDULDVXƒ&PDVVLPR
ƒ $VVLFXUDUVL FKH O
LVWHUHVL ELYDOHQWH DEELD XQ
GLIIHUHQ]LDOH VXIILFLHQWH D SUHYHQLUH OD FRPPXWD]LRQH
IUHTXHQWHWUDO
XQLWjLQWHUQDHODFDOGDLDDXVLOLDULD
Indoor
X2M
1 2 3 4
Indoor/Auto/Boiler
ƒ 5RWH[ 121 q UHVSRQVDELOH GL VLWXD]LRQL HUUDWH R QRQ
VLFXUH FKH GRYHVVHUR LQVRUJHUH QHO VLVWHPD GHOOD
FDOGDLDDXVLOLDULD
127$
Com
H
,PSRVWDUHLOVHUEDWRLRGHOO
DFTXDFDOGD
VDQLWDULD
,OVHUEDWRLR$&6SXzHVVHUH
ƒ ,QWHJUDWRQHOO
XQLWjLQWHUQD
ƒ ,QVWDOODWRFRPHRS]LRQHDXWRQRPD
/D\RXWVLVWHPD±6HUEDWRLR$&6LQWHJUDWR
6RORSHU5+9+;
a
b c
UI
d f
hh
i
M
ƒ 3RVVLELOHVROWDQWRQHOFRQWUROORWHUPRVWDWRDPELHQWHHVWHUQR(FRQ
XQD ]RQD WHPSHUDWXUD PDQXDOH YHGHUH ,PSRVWD]LRQH GHO
VLVWHPDGLULVFDOGDPHQWRUDIIUHGGDPHQWRDPELHQWHDSDJLQD
ƒ ,OFRQWDWWRDXVLOLDULRSXzHVVHUH
e
ƒ 8QWHUPRVWDWRWHPSHUDWXUDHVWHUQD
FHL1
ƒ 8QFRQWDWWRSHULOULVSDUPLRHQHUJHWLFR
FHL2
ƒ 8QFRQWDWWRD]LRQDWRPDQXDOPHQWH
FHL3
g
ƒ «
D
E
F
G
H
I
J
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
8QLWjHVWHUQD
8QLWjLQWHUQD
6FDPELDWRUHGLFDORUH
5LVFDOGDWRUHGLULVHUYD
3RPSD
9DOYRODDYLHPRWRUL]]DWD
6HUEDWRLR$&6
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
K
L
)+/
8,
6XJJHULPHQWLSHULOULVSDUPLRHQHUJHWLFR
9DOYRODGLLQWHUFHWWD]LRQH
&ROOHWWRUHGDUHSHULUHLQORFR
5LVFDOGDPHQWRDSDYLPHQWR
,QWHUIDFFLDXWHQWH
ƒ 6H LO FRQVXPR GL $&6 YDULD GD XQ JLRUQR DOO
DOWUR VL SXz
SURJUDPPDUH XQ SURJUDPPD VHWWLPDQDOH FRQ GLIIHUHQWL
WHPSHUDWXUHGHOVHUEDWRLR$&6GHVLGHUDWHSHUFLDVFXQJLRUQR
/D\RXWVLVWHPD±6HUEDWRLR$&6
DXWRQRPR
b c
d e
f
g
ƒ 0LQRUH OD WHPSHUDWXUD VHUEDWRLR $&6 GHVLGHUDWD PDJJLRUH VDUj
ODULGX]LRQHGHLFRVWL6HOH]LRQDQGRXQVHUEDWRLR$&6SLJUDQGH
VLSXzGLPLQXLUHODWHPSHUDWXUDVHUEDWRLR$&6GHVLGHUDWD
ƒ /DSRPSDGLFDORUHVWHVVDSXzSURGXUUHDFTXDFDOGDVDQLWDULDFRQ
XQD WHPSHUDWXUD PDVVLPD GL ƒ& ƒ& VH OD WHPSHUDWXUD
HVWHUQD q EDVVD /D UHVLVWHQ]D HOHWWULFD LQWHJUDWD QHOOD
SRPSD GL FDORUH SXz HVVHUH SL DOWD GL TXHVWD WHPSHUDWXUD
7XWWDYLD TXHVWD FRQVXPD SL HQHUJLD 5RWH[ UDFFRPDQGD GL
LPSRVWDUH OD WHPSHUDWXUD VHUEDWRLR $&6 GHVLGHUDWD DO GL VRWWR GL
ƒ&SHUHYLWDUHGLXVDUHODUHVLVWHQ]DHOHWWULFD
6RORSHU5+%+;
a
h
ƒ 3L DOWD OD WHPSHUDWXUD HVWHUQD PLJOLRUL VDUDQQR OH SUHVWD]LRQL
GHOODSRPSDGLFDORUH
M
ƒ 6H L SUH]]L GHOO
HQHUJLD ULPDQJRQR LGHQWLFL VLD GXUDQWH LO JLRUQR
FKH GXUDQWH OD QRWWH 5RWH[ UDFFRPDQGD GL ULVFDOGDUH LO
VHUEDWRLR$&6GXUDQWHLOJLRUQR
f
i
D
E
F
G
H
I
J
K
L
M
)+/
ƒ 6HLSUH]]LGHOO
HQHUJLDVRQRSLEDVVLQHOOHRUHQRWWXUQH5RWH[
UDFFRPDQGDGLULVFDOGDUHLOVHUEDWRLR$&6GXUDQWHODQRWWH
FHL1
j
FHL2
FHL3
8QLWjHVWHUQD
8QLWjLQWHUQD
6FDPELDWRUHGLFDORUH
5LVFDOGDWRUHGLULVHUYD
3RPSD
9DOYRODGLLQWHUFHWWD]LRQH
9DOYRODDYLHPRWRUL]]DWD
&ROOHWWRUHGDUHSHULUHLQORFR
6HUEDWRLR$&6
6HUSHQWLQDGHOORVFDPELDWRUHGLFDORUH
5LVFDOGDPHQWRDSDYLPHQWR
6HOH]LRQHGHOYROXPHHGHOODWHPSHUDWXUD
GHVLGHUDWDSHULOVHUEDWRLR$&6
ƒ 4XDQGR OD SRPSD GL FDORUH SURGXFH DFTXD FDOGD VDQLWDULD QRQ
SXzULVFDOGDUHXQDPELHQWH6HVLGRYHVVHDYHUELVRJQRGLDFTXD
FDOGD VDQLWDULD H ULVFDOGDPHQWR DPELHQWH FRQWHPSRUDQHDPHQWH
5RWH[ UDFFRPDQGD GL SURGXUUH DFTXD FDOGD VDQLWDULD GXUDQWH OD
QRWWHTXDQGRODULFKLHVWDGLULVFDOGDPHQWRDPELHQWHqPLQRUH
'HWHUPLQD]LRQHGHOFRQVXPRGL$&6
5LVSRQGHUH DOOH GRPDQGH VHJXHQWL H FDOFRODUH LO FRQVXPR GL $&6
YROXPHGLDFTXDFDOGDHTXLYDOHQWHDƒ&XVDQGRLYROXPLG
DFTXD
WLSLFL
'RPDQGD
9ROXPHG
DFTXDWLSLFR
4XDQWHGRFFHVRQRULFKLHVWHDO
JLRUQR"
GRFFLD PLQ[OPLQ
O
4XDQWLEDJQLGRFFHVRQRULFKLHVWL EDJQR O
DOJLRUQR"
4XDQWDDFTXDqQHFHVVDULDDO
ODYHOORGHOODFXFLQDDOJLRUQR"
ODYHOOR PLQ[OPLQ O
9LVRQRDOWUHHVLJHQ]HLQWHUPLQL
GLDFTXDFDOGDVDQLWDULD"
²
3HUODJHQWHO
DFTXDSXzGLUVLFDOGDTXDQGRKDXQDWHPSHUDWXUDGL
ƒ& 3HUWDQWR LO FRQVXPR GL $&6 YLHQH VHPSUH HVSUHVVR FRPH
YROXPH GL DFTXD FDOGD D ƒ& 7XWWDYLD VL SXz LPSRVWDUH OD
WHPSHUDWXUD VHUEDWRLR $&6 DG XQD WHPSHUDWXUD SL HOHYDWD
HVHPSLR ƒ& SHU SRL PLVFHODUOD FRQ DFTXD IUHGGD HVHPSLR
ƒ&
(VHPSLR 6H LO FRQVXPR JLRUQDOLHUR GL $&6 GL XQD IDPLJOLD SHUVRQHqFRPHVHJXH
/D VHOH]LRQH GHO YROXPH H GHOOD WHPSHUDWXUD GHVLGHUDWD SHU LO
VHUEDWRLR$&6FRQVLVWHQHOOHVHJXHQWLRSHUD]LRQL
'HWHUPLQDUHLOFRQVXPRGL$&6HTXLYDOHQWHDOYROXPHGLDFTXD
FDOGDDƒ&
'HWHUPLQDUH LO YROXPH H OD WHPSHUDWXUD GHVLGHUDWD SHU LO
VHUEDWRLR$&6
$OORUDLOFRQVXPRGL$&6 [O[O[O O
6HUEDWRLR$&6LQWHJUDWR
9ROXPLSRVVLELOL
ƒ O
ƒ O
6HUEDWRLR$&6DXWRQRPR
ƒ EDJQR
ƒ YROXPLGLODYHOOR
'HWHUPLQD]LRQHGHOYROXPHHGHOODWHPSHUDWXUDGHVLGHUDWDSHULO
VHUEDWRLR$&6
)RUPXOD
(VHPSLR
9 99[77
6H
ƒ 9 O
9ROXPLSRVVLELOLGHOVHUEDWRLR$&6
7LSR
ƒ GRFFH
ƒ 7 ƒ&
ƒ 7 ƒ&
4XLQGL9 O
ƒ O
ƒ O
ƒ O
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
)RUPXOD
(VHPSLR
9 9[777
3RPSD$&6SHUODGLVLQIH]LRQH
6H
ƒ 9 O
,PSRVWD]LRQH
ƒ 7 ƒ&
h
c
ƒ 7 ƒ&
a
$OORUD9 O
9
9
7
7
i
&RQVXPRGL$&6HTXLYDOHQWHDOYROXPHGLDFTXDFDOGDDƒ&
9ROXPHULFKLHVWRGHOVHUEDWRLR$&6VHULVFDOGDWRXQDYROWDVROD
7HPSHUDWXUDVHUEDWRLR$&6
7HPSHUDWXUDDFTXDIUHGGD
D
E
F
G
H
I
J
K
L
,PSRVWD]LRQHHFRQILJXUD]LRQH±
6HUEDWRLR$&6
ƒ 3HU L FRQVXPL GL $&6 HOHYDWL VL SXz ULVFDOGDUH LO VHUEDWRLR $&6
GLYHUVHYROWHGXUDQWHODJLRUQDWD
ƒ 3HU ULVFDOGDUH LO VHUEDWRLR $&6 DOOD WHPSHUDWXUD VHUEDWRLR $&6
GHVLGHUDWDVLSRVVRQRXWLOL]]DUHOHVHJXHQWLIRQWLGLHQHUJLD
ƒ &LFORWHUPRGLQDPLFRGHOODSRPSDGLFDORUH
ƒ 5LVFDOGDWRUHGLULVHUYDHOHWWULFRSHULOVHUEDWRLR$&6LQWHJUDWR
ƒ 6XUULVFDOGDWRUHHOHWWULFRSHULOVHUEDWRLR$&6DXWRQRPR
ƒ 3DQQHOOLVRODUL
ƒ 3HUPDJJLRULLQIRUPD]LRQLVX
ƒ 2WWLPL]]D]LRQH GHO FRQVXPR HQHUJHWLFR SHU OD SURGX]LRQH GL
DFTXDFDOGDVDQLWDULDYHGHUH&RQILJXUD]LRQHDSDJLQD
ƒ &ROOHJDPHQWR GHO FDEODJJLR HOHWWULFR GHO VHUEDWRLR $&6
DXWRQRPRDOO
XQLWjLQWHUQDYHGHUHLOPDQXDOHG
LQVWDOOD]LRQHGHO
VHUEDWRLR$&6
ƒ &ROOHJDPHQWR GHOOH WXED]LRQL LGUDXOLFKH GHO VHUEDWRLR $&6
DXWRQRPRDOO
XQLWjLQWHUQDYHGHUHLOPDQXDOHG
LQVWDOOD]LRQHGHO
VHUEDWRLR$&6
3RPSD$&6SHUO
DFTXDFDOGDLVWDQWDQHD
f
e
g
8QLWjLQWHUQD
6HUEDWRLR$&6
3RPSD$&6
(OHPHQWRULVFDOGDWRUH
9DOYRODGLULWHJQR
'RFFLD
$FTXDIUHGGD
$FTXDFDOGDVDQLWDULDLQ86&,7$
&ROOHJDPHQWRGLULFLUFROR
ƒ /D SRPSD $&6 H O
LPSLDQWR VRQR GD UHSHULUH LQ ORFR H VRQR
UHVSRQVDELOLWjGHOO
LQVWDOODWRUH
ƒ 3HULOVHUEDWRLR$&6LQWHJUDWRODWHPSHUDWXUDGHOVHUEDWRLR$&6
SXz HVVHUH LPSRVWDWD DG XQ PDVVLPR GL ƒ& 6H OH OHJJL
DSSOLFDELOLULFKLHGRQRXQDWHPSHUDWXUDSLDOWDSHUODGLVLQIH]LRQH
VLSRVVRQRFROOHJDUHXQDSRPSD$&6HXQHOHPHQWRULVFDOGDWRUH
FRPHLOOXVWUDWRVRSUD
ƒ 6H OH OHJJL DSSOLFDELOH SUHYHGRQR OD GLVLQIH]LRQH GHOOH WXED]LRQL
LGUDXOLFKH ILQR DO SXQWR GL SUHOLHYR DO UXELQHWWR VL SRVVRQR
FROOHJDUH XQD SRPSD $&6 H XQ HOHPHQWR ULVFDOGDWRUH VH
QHFHVVDULRFRPHPRVWUDWRVRSUD
&RQILJXUD]LRQH
/
XQLWj LQWHUQD SXz FRQWUROODUH LO IXQ]LRQDPHQWR GHOOD SRPSD $&6
3HUPDJJLRULLQIRUPD]LRQLYHGHUH&RQILJXUD]LRQHDSDJLQD
,PSRVWDUHODPLVXUD]LRQHHQHUJLD
ƒ $WWUDYHUVR O
LQWHUIDFFLD XWHQWH VL SRVVRQR OHJJHUH L VHJXHQWL GDWL
HQHUJHWLFL
,PSRVWD]LRQH
h
ƒ &DORUHSURGRWWR
c
a
i
f
b
g
D
E
F
I
J
K
L
d
b
8QLWjLQWHUQD
6HUEDWRLR$&6
3RPSD$&6
'RFFLD
$FTXDIUHGGD
$FTXDFDOGDVDQLWDULDLQ86&,7$
&ROOHJDPHQWRGLULFLUFROR
ƒ (QHUJLDFRQVXPDWD
ƒ 6LSRVVRQROHJJHUHLGDWLHQHUJHWLFL
ƒ 3HULOULVFDOGDPHQWRDPELHQWH
ƒ 3HULOUDIIUHGGDPHQWRDPELHQWH
ƒ 3HUODSURGX]LRQHGLDFTXDFDOGDVDQLWDULD
ƒ 6LSRVVRQROHJJHUHLGDWLHQHUJHWLFL
ƒ 0HQVLOL
ƒ $QQXDOL
,1)250$=,21,
ƒ &ROOHJDQGR XQD SRPSD $&6 VL SXz DYHUH D GLVSRVL]LRQH DO
UXELQHWWRDFTXDFDOGDLVWDQWDQHD
,O FDOFROR GHO FDORUH SURGRWWR H GHOO
HQHUJLD FRQVXPDWD
FRVWLWXLVFH VROR XQD VWLPD SHUWDQWR QRQ q SRVVLELOH
JDUDQWLUHXQDSUHFLVLRQHDVVROXWD
ƒ /D SRPSD $&6 H O
LPSLDQWR VRQR GD UHSHULUH LQ ORFR H VRQR
UHVSRQVDELOLWjGHOO
LQVWDOODWRUH
ƒ 3HU PDJJLRUL LQIRUPD]LRQL VXO FROOHJDPHQWR GHOOD FRQQHVVLRQH GL
ULFLUFROR
ƒ SHU LO VHUEDWRLR $&6 LQWHJUDWR YHGHUH ,QVWDOOD]LRQH D
SDJLQD
ƒ SHULOVHUEDWRLR$&6VHSDUDWRYHGHUHLOPDQXDOHG
LQVWDOOD]LRQH
SHULOVHUEDWRLR$&6
&DORUHSURGRWWR
ƒ $SSOLFDELOHSHUWXWWLLPRGHOOL
ƒ ,OFDORUHSURGRWWRYLHQHFDOFRODWRLQWHUQDPHQWHLQEDVHD
ƒ /DWHPSHUDWXUDDFTXDLQXVFLWDHDFTXDLQHQWUDWD
ƒ /DSRUWDWD
&RQILJXUD]LRQH
ƒ 3HU PDJJLRUL LQIRUPD]LRQL YHGHUH &RQILJXUD]LRQH D
SDJLQD
ƒ ,O FRQVXPR GL SRWHQ]D GHO VXUULVFDOGDWRUH VH DSSOLFDELOH QHO
VHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
ƒ 6LSXzSURJUDPPDUHXQSURJUDPPDSHUFRQWUROODUHODSRPSD$&6
DWWUDYHUVRO
LQWHUIDFFLDXWHQWH3HUPDJJLRULLQIRUPD]LRQLYHGHUHOD
JXLGDGLFRQVXOWD]LRQHSHUO
XWHQWH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
ƒ ,PSRVWD]LRQHHFRQILJXUD]LRQH
7LSRGLFRQWDWRUHGHOO
HQHUJLDHOHWWULFD
ƒ 1RQVRQRQHFHVVDULHDSSDUHFFKLDWXUHDJJLXQWLYH
ƒ 6RORQHOFDVRLQFXLQHOVLVWHPDVLDSUHVHQWHXQVXUULVFDOGDWRUH
PLVXUDUQH OD FDSDFLWj PLVXUD GHOOD UHVLVWHQ]D H LPSRVWDUH OD
FDSDFLWj DWWUDYHUVR O
LQWHUIDFFLD XWHQWH (VHPSLR 6H OD PLVXUD
GHOODUHVLVWHQ]DGLXQVXUULVFDOGDWRUHqGLȍODFDSDFLWjGHO
VXUULVFDOGDWRUHD9VDUjGL:
(QHUJLDFRQVXPDWD
3HU GHWHUPLQDUH O
HQHUJLD FRQVXPDWD VL SRVVRQR XVDUH L PHWRGL
VHJXHQWL
ƒ &DOFROR
ƒ 0LVXUD]LRQH
,1)250$=,21,
1RQ VL SRVVRQR FRPELQDUH LO FDOFROR GHOO
HQHUJLD
FRQVXPDWD HVHPSLR SHU LO ULVFDOGDWRUH GL ULVHUYD H OD
PLVXUD]LRQH GHOO
HQHUJLD FRQVXPDWD HVHPSLR SHU O
XQLWj
HVWHUQD,QWDOFDVRLGDWLHQHUJHWLFLQRQVDUDQQRYDOLGL
,QFDVRGL«
8VDUHXQFRQWDWRUH
GHOO
HQHUJLDHOHWWULFD«
ƒ 8QLWjHVWHUQDPRQRIDVH
0RQRIDVH
ƒ 5LVFDOGDWRUH
GL
ULVHUYD
DOLPHQWDWR GD XQD JULJOLD
PRQRIDVH FLRq LO PRGHOOR GL
ULVFDOGDWRUH GL ULVHUYD q 9 R
: FROOHJDWR DG XQD JULJOLD
PRQRIDVH
,QDOWULFDVLFLRqXQ
XQLWjHVWHUQD 7ULIDVH
WULIDVHHRXQPRGHOORGL
ULVFDOGDWRUHGLULVHUYD:
FROOHJDWRDGXQDJULJOLDWULIDVH
(VHPSLR
&RQWDWRUHGHOO
HQHUJLDHOHWWULFD &RQWDWRUHGHOO
HQHUJLDHOHWWULFD
PRQRIDVH
WULIDVH
0 0 58
&DOFRORGHOO
HQHUJLDFRQVXPDWD
0 0 58
0 5
1 0
0 5
1 0
a
a
ƒ $SSOLFDELOHVROWDQWRSHU5+%+;H5+9+;
ƒ /
HQHUJLDFRQVXPDWDYLHQHFDOFRODWDLQWHUQDPHQWHLQEDVHD


b
ƒ ,OFRQVXPRGLSRWHQ]DHIIHWWLYRGHOO
XQLWjHVWHUQD
ƒ /D FDSDFLWj LPSRVWDWD GHO ULVFDOGDWRUH GL ULVHUYD H GHO
VXUULVFDOGDWRUH
c
c
c
b
c
d
ƒ /DWHQVLRQH
ƒ ,PSRVWD]LRQH H FRQILJXUD]LRQH 3HU RWWHQHUH GDWL HQHUJHWLFL
DFFXUDWL PLVXUDUH OD FDSDFLWj PLVXUD]LRQH GHOOD UHVLVWHQ]D H
LPSRVWDUHODFDSDFLWjDWWUDYHUVRO
LQWHUIDFFLDXWHQWHSHU
d
A
g
e f
B
e
A
C
f
g
B
h
C
ƒ ,OULVFDOGDWRUHGLULVHUYDJUDGLQRHJUDGLQR
$8QLWjHVWHUQD
$8QLWjHVWHUQD
ƒ ,OVXUULVFDOGDWRUH
%8QLWjLQWHUQD
%8QLWjLQWHUQD
&6HUEDWRLR$&6
&6HUEDWRLR$&6
D$UPDGLRHOHWWULFR/1
D$UPDGLRHOHWWULFR///1
E$UPDGLRHOHWWULFR/1
E &RQWDWRUH GHOO
HQHUJLD HOHWWULFD
///1
0LVXUDGHOO
HQHUJLDFRQVXPDWD
ƒ $SSOLFDELOHSHUWXWWLLPRGHOOL
ƒ 0HWRGRSUHIHULWRSHUYLDGHOO
DFFXUDWH]]DSLHOHYDWD
ƒ 5LFKLHGHFRQWDWRULGHOO
HQHUJLDHOHWWULFDHVWHUQL
ƒ ,PSRVWD]LRQHHFRQILJXUD]LRQH
ƒ 3HU OH VSHFLILFKH GL FLDVFXQ WLSR GL FRQWDWRUH YHGHUH 'DWL
WHFQLFLDSDJLQD
ƒ 6H VL XVDQR GHL FRQWDWRUL GHOO
HQHUJLD HOHWWULFD LPSRVWDUH LO
QXPHUR GL LPSXOVLN:K SHU FLDVFXQ FRQWDWRUH DWWUDYHUVR
O
LQWHUIDFFLD XWHQWH , GDWL GHOO
HQHUJLD FRQVXPDWD SHU L PRGHOOL
5+9+; H 5+%+; VDUDQQR GLVSRQLELOL VROWDQWR VH q
FRQILJXUDWDTXHVWDLPSRVWD]LRQH
F)XVLELOH///1
G8QLWjHVWHUQD/1
G)XVLELOH/1
H8QLWjLQWHUQD/1
H8QLWjHVWHUQD///1
I5LVFDOGDWRUHGLULVHUYD/1
I8QLWjLQWHUQD///1
J6XUULVFDOGDWRUH/1
J 5LVFDOGDWRUH
///1
GL
ULVHUYD
K6XUULVFDOGDWRUH/1
,1)250$=,21,
(FFH]LRQH
1HO PLVXUDUH LO FRQVXPR GL HQHUJLD HOHWWULFD DVVLFXUDUVL
FKH7877,LSXQWLGLFRQVXPRGLHQHUJLDGHOVLVWHPDVLDQR
FRSHUWLGDLFRQWDWRULGHOO
HQHUJLDHOHWWULFD
ƒ 6LSXzXWLOL]]DUHXQVHFRQGRFRQWDWRUHGHOO
HQHUJLDHOHWWULFDVH
$OLPHQWD]LRQHDWDULIIDN:KQRUPDOH
5HJRODJHQHUDOH
Ê VXIILFLHQWH XQ FRQWDWRUH GHOO
HQHUJLD HOHWWULFD FKH FRSUD O
LQWHUR
VLVWHPD
,PSRVWD]LRQH
&ROOHJDUHLOFRQWDWRUHGHOO
HQHUJLDHOHWWULFDD;0H;0
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
F)XVLELOH/1
ƒ ,OFDPSRGLSRWHQ]DGLXQFRQWDWRUHqLQVXIILFLHQWH
ƒ ,O FRQWDWRUH HOHWWULFR QRQ SXz HVVHUH LQVWDOODWR IDFLOPHQWH
QHOO
DUPDGLRHOHWWULFR
ƒ /HJULJOLHWULIDVHGD9H9VRQRFRPELQDWHFRVDPROWR
LQVROLWDDFDXVDGLOLPLWD]LRQLWHFQLFKHGHLFRQWDWRULGHOO
HQHUJLD
HOHWWULFD
ƒ &ROOHJDPHQWRHLPSRVWD]LRQH
ƒ &ROOHJDUH LO VHFRQGR FRQWDWRUH GHOO
HQHUJLD HOHWWULFD D ;0 H
;0
ƒ 1HO VRIWZDUH YHQJRQR DJJLXQWL L GDWL VXL FRQVXPL GL HQHUJLD
HOHWWULFD GL HQWUDPEL L FRQWDWRUL FRVLFFKp 121 q QHFHVVDULR
LPSRVWDUHTXDOHFRQWDWRUHFRSUHTXDOHFRQVXPRGLFRUUHQWH6L
GHYH VROWDQWR LPSRVWDUH LO QXPHUR GL LPSXOVL GL FLDVFXQ
FRQWDWRUHGHOO
HQHUJLDHOHWWULFD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
ƒ 9HGHUH $OLPHQWD]LRQH D WDULIID N:K SUHIHUHQ]LDOH D
SDJLQD SHU XQ HVHPSLR FRQ GXH FRQWDWRUL GHOO
HQHUJLD
HOHWWULFD
,PSRVWD]LRQHGHOFRQWUROORFRQVXPR
HOHWWULFR
ƒ ,OFRQWUROORFRQVXPRHOHWWULFR
$OLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOH
ƒ ÊDSSOLFDELOHVROWDQWRSHU5+%+;H5+9+;
ƒ &RQVHQWH GL OLPLWDUH LO FRQVXPR HOHWWULFR GHOO
LQWHUR VLVWHPD
VRPPDGLXQLWjHVWHUQDXQLWjLQWHUQDULVFDOGDWRUHGLULVHUYDH
VXUULVFDOGDWRUHRS]LRQDOH
5HJRODJHQHUDOH
ƒ &RQWDWRUHGHOO
HQHUJLDHOHWWULFD0LVXUDO
XQLWjHVWHUQD
ƒ &RQILJXUD]LRQH ,PSRVWDUH LO OLYHOOR GL OLPLWD]LRQH GHOOD SRWHQ]D
H LO PRGR LQ FXL GHYH HVVHUH UDJJLXQWR DWWUDYHUVR O
LQWHUIDFFLD
XWHQWH
ƒ &RQWDWRUH GHOO
HQHUJLD 0LVXUD LO UHVWR FLRq O
XQLWj LQWHUQD LO
ULVFDOGDWRUHGLULVHUYDHLOVXUULVFDOGDWRUHRS]LRQDOH
ƒ ,O OLYHOOR GL OLPLWD]LRQH GHOOD SRWHQ]D SXz HVVHUH HVSUHVVR QHO
PRGRVHJXHQWH
,PSRVWD]LRQH
ƒ &ROOHJDUHLOFRQWDWRUHGHOO
HQHUJLDHOHWWULFDD;0H;0
ƒ &RUUHQWHPDVVLPDGLIXQ]LRQDPHQWRLQ$
ƒ &ROOHJDUHLOFRQWDWRUHGHOO
HQHUJLDHOHWWULFDD;0H;0
7LSLGLFRQWDWRUHGHOO
HQHUJLDHOHWWULFD
ƒ &RQVXPRGLSRWHQ]DPDVVLPRLQN:
ƒ ,OOLYHOORGLOLPLWD]LRQHGHOODSRWHQ]DSXzHVVHUHDWWLYDWR
ƒ ,QPRGRSHUPDQHQWH
ƒ &RQWDWRUH GHOO
HQHUJLD HOHWWULFD &RQWDWRUH GHOO
HQHUJLD HOHWWULFD
PRQRIDVHRWULIDVHLQEDVHDOO
DOLPHQWD]LRQHGHOO
XQLWjHVWHUQD
ƒ 3HUPH]]RGLLQSXWGLJLWDOL
ƒ &RQWDWRUHGHOO
HQHUJLDHOHWWULFD
,1)250$=,21,
ƒ ,Q FDVR GL XQD FRQILJXUD]LRQH FRQ ULVFDOGDWRUH GL ULVHUYD
PRQRIDVHXVDUHXQFRQWDWRUHGHOO
HQHUJLDHOHWWULFDPRQRIDVH
ƒ 1HJOL DOWUL FDVL XWLOL]]DUH XQ FRQWDWRUH GHOO
HQHUJLD HOHWWULFD
WULIDVH
(VHPSLR
8QLWjHVWHUQDPRQRIDVHFRQXQULVFDOGDWRUHGLULVHUYDWULIDVH
0 0 58
0 0 58
0 5
1 0
0 5
1 0
a
b


c
e
g
A
f
h
j
C
F
G
H
I
J
K
L
M
8QLWjHVWHUQD
8QLWjLQWHUQD
6HUEDWRLR$&6
$UPDGLRHOHWWULFR/1$OLPHQWD]LRQHDWDULIIDN:K
SUHIHUHQ]LDOH
$UPDGLRHOHWWULFR///1$OLPHQWD]LRQHDWDULIID
N:KQRUPDOH
&RQWDWRUHGHOO
HQHUJLDHOHWWULFD/1
&RQWDWRUHGHOO
HQHUJLDHOHWWULFD///1
)XVLELOH/1
)XVLELOH///1
8QLWjHVWHUQD/1
8QLWjLQWHUQD///1
5LVFDOGDWRUHGLULVHUYD///1
6XUULVFDOGDWRUH/1
/LPLWD]LRQHSHUPDQHQWHGHOODSRWHQ]D
/D OLPLWD]LRQH SHUPDQHQWH GHOOD SRWHQ]D q XWLOH SHU DVVLFXUDUH XQ
FRQVXPR PDVVLPR GL SRWHQ]D R GL FRUUHQWH GHO VLVWHPD ,Q FHUWL
SDHVL OD OHJLVOD]LRQH OLPLWD LO FRQVXPR GL SRWHQ]D PDVVLPR SHU LO
ULVFDOGDPHQWR DPELHQWH H OD SURGX]LRQH GL $&6 (VHPSLR ,O
FRQVXPR GL SRWHQ]D PDVVLPR GLSHQGH GDOO
DUHD GHOO
DELWD]LRQH H
GHYHHVVHUHSDJDWDXQDWDULIIDDQQXDOHDOO
D]LHQGDHOHWWULFDLQEDVH
DOOD FDSDFLWj GHO IXVLELOH LQVWDOODWR LQ ORFR /LPLWDQGR LQ PRGR
SHUPDQHQWH OD SRWHQ]D R OD FRUUHQWH PDVVLPD GHO VLVWHPD VL
SRVVRQRLQVWDOODUHGHLIXVLELOLLQORFRSLSLFFROL
127$
4XDQGR LO FRQWUROOR GHOOD FRUUHQWH q GHVWLQDWR D ULGXUUH OD
FDSDFLWjGHLIXVLELOLLQVWDOODWLLQORFRLOIXVLELOHLQORFRVFDWWD
SHU SURWHJJHUH L FROOHJDPHQWL LQ ORFR LQ FDVR GL
VRYUDFRUUHQWL FDXVDWH GDOO
XQLWj $VVLFXUDUVL FKH OD
VHOH]LRQH GHO IXVLELOH LQ ORFR VLD FRQIRUPH FRQ OH OHJJL
DSSOLFDELOL
e
i
E
d
B
$
%
&
D
1HOOH DSSOLFD]LRQL FRQ VXUULVFDOGDWRUH 121 6, 38Ñ
XWLOL]]DUHLOFRQWUROORFRQVXPRHOHWWULFR
Pi
DI
a
b
t
3L
W
',
D
E
&RQVXPRGLSRWHQ]D
7HPSR
,QSXWGLJLWDOHOLYHOORGLOLPLWD]LRQHGHOODSRWHQ]D
/LPLWD]LRQHGHOODSRWHQ]DDWWLYD
&RQVXPRGLSRWHQ]DHIIHWWLYR
,PSRVWD]LRQHHFRQILJXUD]LRQH
ƒ 1RQVRQRQHFHVVDULHDSSDUHFFKLDWXUHDJJLXQWLYH
ƒ 9HGHUHOHLPSRVWD]LRQLGHOFRQWUROORFRQVXPRHOHWWULFRLQ>$@
DWWUDYHUVR O
LQWHUIDFFLD XWHQWH SHU OD GHVFUL]LRQH GL WXWWH OH
LPSRVWD]LRQLYHGHUH&RQILJXUD]LRQHDSDJLQD
ƒ 6HOH]LRQDUHLOPRGRGLOLPLWD]LRQHDWHPSRSLHQR
ƒ 6HOH]LRQDUHLOWLSRGLOLPLWD]LRQHSRWHQ]DLQN:RFRUUHQWHLQ$
ƒ ,PSRVWDUHLOOLYHOORGLOLPLWD]LRQHGHOODSRWHQ]DGHVLGHUDWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQH
127$
3UHVWDUH DWWHQ]LRQH DOOH VHJXHQWL OLQHH JXLGD TXDQGR VL
VHOH]LRQDLOOLYHOORGLOLPLWD]LRQHGHOODSRWHQ]DGHVLGHUDWR
ƒ ,PSRVWDUH XQ FRQVXPR GL SRWHQ]D PLQLPR GL “ N:
SHU JDUDQWLUH LO IXQ]LRQDPHQWR GHOOR VEULQDPHQWR
$OWULPHQWLVHORVEULQDPHQWRGRYHVVHHVVHUHLQWHUURWWR
SDUHFFKLH YROWH OR VFDPELDWRUH GL FDORUH VL
FRQJHOHUHEEH
ƒ ,PSRVWDUHXQFRQVXPRGLSRWHQ]DPLQLPRGL“N:SHU
JDUDQWLUH LO ULVFDOGDPHQWR DPELHQWH H OD SURGX]LRQH GL
$&6 FRQVHQWHQGR LO IXQ]LRQDPHQWR GL DOPHQR XQ
ULVFDOGDWRUH HOHWWULFR JUDGLQR GHO ULVFDOGDWRUH GL
ULVHUYDRVXUULVFDOGDWRUH
/LPLWD]LRQHGHOODSRWHQ]DDWWLYDWD
PHGLDQWHLQSXWGLJLWDOL
ƒ 9HQJRQR XWLOL]]DWL TXDWWUR LQSXW GLJLWDOL PDVVLPR SHU DWWLYDUH LO
OLYHOORGLOLPLWD]LRQHGHOODSRWHQ]DFRUULVSRQGHQWH
ƒ ', OLPLWD]LRQHPLQLPDLOFRQVXPRGLHQHUJLDSLDOWR
ƒ ', OLPLWD]LRQHPDVVLPDLOFRQVXPRGLHQHUJLDSLEDVVR
ƒ 3HU OD VSHFLILFD H LO FROOHJDPHQWR GHJOL LQSXW GLJLWDOL YHGHUH
6FKHPD HOHWWULFR ± FRPSRQHQWL 8QLWj LQWHUQD D
SDJLQD
&RQILJXUD]LRQH
9HGHUH OH LPSRVWD]LRQL GHO FRQWUROOR FRQVXPR HOHWWULFR LQ >$@
DWWUDYHUVR O
LQWHUIDFFLD XWHQWH SHU OD GHVFUL]LRQH GL WXWWH OH
LPSRVWD]LRQLYHGHUH&RQILJXUD]LRQHDSDJLQD
ƒ 6HOH]LRQDUHO
DWWLYD]LRQHPHGLDQWHJOLLQSXWGLJLWDOL
ƒ 6HOH]LRQDUHLOWLSRGLOLPLWD]LRQHSRWHQ]DLQN:RFRUUHQWHLQ$
ƒ ,PSRVWDUH LO OLYHOOR GL OLPLWD]LRQH GHOOD SRWHQ]D GHVLGHUDWR
FRUULVSRQGHQWHDFLDVFXQLQSXWGLJLWDOH
/D OLPLWD]LRQH GHOOD SRWHQ]D q XWLOH DQFKH LQ FRPELQD]LRQH FRQ XQ
VLVWHPDGLJHVWLRQHGHOO
HQHUJLD
/D SRWHQ]D R FRUUHQWH GHOO
LQWHUR VLVWHPD 5RWH[ q OLPLWDWR
GLQDPLFDPHQWH PHGLDQWH LQSXW GLJLWDOL PDVVLPR TXDWWUR JUDGLQL
2JQL OLYHOOR GL OLPLWD]LRQH GHOOD SRWHQ]D YLHQH LPSRVWDWR DWWUDYHUVR
O
LQWHUIDFFLDXWHQWHOLPLWDQGRXQDGHOOHVHJXHQWLYRFL
ƒ &RUUHQWHLQ$
ƒ &RQVXPRGLSRWHQ]DLQN:
,O VLVWHPD GL JHVWLRQH GHOO
HQHUJLD GD UHSHULUH LQ ORFR GHFLGH
O
DWWLYD]LRQHGLXQFHUWROLYHOORGLOLPLWD]LRQHGHOODSRWHQ]D(VHPSLR
3HUOLPLWDUHODSRWHQ]DPDVVLPDGHOO
LQWHUDDELWD]LRQHLOOXPLQD]LRQH
HOHWWURGRPHVWLFLULVFDOGDPHQWRDPELHQWH«
,1)250$=,21,
1HO FDVR YL IRVVH SL GL LQJUHVVR GLJLWDOH FKLXVR
FRQWHPSRUDQHDPHQWH OD SULRULWj GHJOL LQJUHVVL GLJLWDOL q
ILVVD',SULRULWj!«!',
3URFHVVRGLOLPLWD]LRQHGHOODSRWHQ]D
/
XQLWj HVWHUQD KD XQ
HIILFLHQ]D PLJOLRUH GHL ULVFDOGDWRUL HOHWWULFL
3HUWDQWR L ULVFDOGDWRUL HOHWWULFL VRQR OLPLWDWL H LQQDQ]LWXWWR
',6$77,9$7, ,O VLVWHPD OLPLWD LO FRQVXPR GL SRWHQ]D QHOO
RUGLQH
VHJXHQWH
/LPLWDFHUWLULVFDOGDWRULHOHWWULFL
6H«KDODSULRULWj
4XLQGLLPSRVWDUHODSULRULWj
GHLULVFDOGDWRULDWWUDYHUVR
O
LQWHUIDFFLDXWHQWHVX«
D
a
A8P
c
b
A
3URGX]LRQHGLDFTXDFDOGD
VDQLWDULD
5
4
3
2
1
B
5LVFDOGDPHQWRDPELHQWH
8QLWjHVWHUQD
8QLWjLQWHUQD
6HUEDWRLR$&6
6LVWHPDGLJHVWLRQHGHOO
HQHUJLD
$WWLYD]LRQH GHOOD OLPLWD]LRQH GHOOD SRWHQ]D LQSXW
GLJLWDOL
E 5LVFDOGDWRUHGLULVHUYD
F 6XUULVFDOGDWRUH
Pi
5LVFDOGDWRUHGLULVHUYD
5LVXOWDWR ,O VXUULVFDOGDWRUH
YHUUj ',6$77,9$72 SHU
SULPR
',6$77,9$WXWWLLULVFDOGDWRULHOHWWULFL
/LPLWDO
XQLWjHVWHUQD
',6$77,9$O
XQLWjHVWHUQD
(VHPSLR
6HODFRQILJXUD]LRQHqODVHJXHQWH
a
ƒ ,O OLYHOOR GL OLPLWD]LRQH GHOOD SRWHQ]D 121 FRQVHQWH LO
IXQ]LRQDPHQWR VLD GHO VXUULVFDOGDWRUH FKH GHO ULVFDOGDWRUH GL
ULVHUYDJUDGLQRHJUDGLQR
DI3
ƒ 3ULRULWjGHLULVFDOGDWRUL 6XUULVFDOGDWRUH
b
DI1
4XLQGLLOFRQVXPRGLSRWHQ]DqOLPLWDWRFRPHVHJXH
t
3L
W
',
D
E
Ph
&RQVXPRGLSRWHQ]D
7HPSR
,QSXWGLJLWDOLOLYHOOLGLOLPLWD]LRQHGHOODSRWHQ]D
/LPLWD]LRQHGHOODSRWHQ]DDWWLYD
&RQVXPRGLSRWHQ]DHIIHWWLYR
,PSRVWD]LRQH
ƒ 6FKHGDDULFKLHVWDRS]LRQH(.53$+7$QHFHVVDULD
e
d
c
b
a
A
B
3K
&H
$
%
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
5LVXOWDWR ,O ULVFDOGDWRUH GL
ULVHUYD YHUUj ',6$77,9$72
SHUSULPR
C
$
%
&
'
D
DI4
6XUULVFDOGDWRUH
C
Ce
&DORUHSURGRWWR
(QHUJLDFRQVXPDWD
8QLWjHVWHUQD
6XUULVFDOGDWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
3UHSDUD]LRQH
'LVWDQ]DPDVVLPDWUDODYDOYRODDYLHHO
XQLWj
LQWHUQDVRORSHUOHLQVWDOOD]LRQLFRQVHUEDWRLR
GHOO
DFTXDFDOGDVDQLWDULD
P
'LVWDQ]DPDVVLPDWUDLOVHUEDWRLRGHOO
DFTXDFDOGD
VDQLWDULDHO
XQLWjLQWHUQDVRORSHUOHLQVWDOOD]LRQL
FRQVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
P
D &RQWUROODUHLOPDQXDOHG
LQVWDOOD]LRQHGHOO
XQLWjHVWHUQD
E 6HPqQHFHVVDULRULFDULFDUHO
XQLWjHVWHUQDFRQWUROODUHLOPDQXDOH
G
LQVWDOOD]LRQHGHOO
XQLWjHVWHUQD
,PSRVWD]LRQHGLXQVHQVRUHGHOOD
WHPSHUDWXUDHVWHUQD
Ê SRVVLELOH FROOHJDUH XQ VHQVRUH WHPSHUDWXUD HVWHUQR (VVR SXz
PLVXUDUH OD WHPSHUDWXUD DPELHQWH HVWHUQD 5RWH[ UDFFRPDQGD GL
XWLOL]]DUHXQVHQVRUHWHPSHUDWXUDHVWHUQDQHLFDVLVHJXHQWL
ƒ 7HQHUH FRQWR GHOOH VHJXHQWL OLQHH JXLGD UHODWLYH DOOR VSD]LR SHU
O
LQVWDOOD]LRQH
200
5LVFDOGDWRUHGLULVHUYD
)XQ]LRQDPHQWRGHOO
XQLWjHVWHUQDOLPLWDWR
)XQ]LRQDPHQWRGHOO
XQLWjHVWHUQDFRPSOHWR
6XUULVFDOGDWRUH$77,9$72
*UDGLQRULVFDOGDWRUHGLULVHUYD$77,9$72
*UDGLQRULVFDOGDWRUHGLULVHUYD$77,9$72
200
&
D
E
F
G
H
7HPSHUDWXUDDPELHQWHHVWHUQD
ƒ 1HOO
XQLWj HVWHUQD YLHQH PLVXUDWD OD WHPSHUDWXUD DPELHQWH
HVWHUQD 3HUWDQWR O
XQLWj HVWHUQD GHYH HVVHUH LQVWDOODWD LQ XQ
OXRJR
ƒ 6XOODWRQRUGGHOODFDVDRSSXUHVXOODWRGHOODFDVDGRYHVLWURYD
ODPDJJLRUSDUWHGHLWUDVPHWWLWRULGLFDORUH
ƒ &KH121qHVSRVWRDOODOXFHGLUHWWDGHOVROH
ƒ 6H TXHVWR 121 IRVVH SRVVLELOH 5RWH[ UDFFRPDQGD GL FROOHJDUH
XQVHQVRUHHVWHUQRUHPRWRRS]LRQH(.56&$
10
10
≥1150
ƒ &RQILJXUD]LRQH3HUOHLVWUX]LRQLG
LQVWDOOD]LRQHYHGHUHLOPDQXDOH
G
LQVWDOOD]LRQHGHOVHQVRUHLQWHUQRUHPRWR
500
ƒ &RQILJXUD]LRQH6HOH]LRQDUHXQVHQVRUHHVWHUQR>$%@
ƒ 'XUDQWH OD VRVSHQVLRQH YHGHUH &RQILJXUD]LRQH D
SDJLQD O
XQLWj HVWHUQD YLHQH VSHQWD SHU ULGXUUH OH SHUGLWH GL
HQHUJLD LQ VWDQGE\ 'L FRQVHJXHQ]D OD WHPSHUDWXUD DPELHQWH
HVWHUQD121YLHQHOHWWD
ƒ 6H OD WHPSHUDWXUD PDQXDOH ULFKLHVWD GLSHQGH GD FRQGL]LRQL
PHWHRURORJLFKHODPLVXUD]LRQHGHOODWHPSHUDWXUDHVWHUQDDWHPSR
SLHQR q LPSRUWDQWH 4XHVWR q XQ DOWUR PRWLYR SHU LQVWDOODUH LO
VHQVRUHWHPSHUDWXUDDPELHQWHHVWHUQRRS]LRQDOH
,1)250$=,21,
,GDWLGHOVHQVRUHHVWHUQRGHOO
DPELHQWHHVWHUQRRODPHGLD
GHL GDWL R L GDWL LVWDQWDQHL YHQJRQR XWLOL]]DWL QHOOH FXUYH
FOLPDWLFKH GL FRQWUROOR H QHOOD ORJLFD GL FRPPXWD]LRQH GHO
ULVFDOGDPHQWRUDIIUHGGDPHQWR DXWRPDWLFD 3HU SURWHJJHUH
O
XQLWj HVWHUQD YLHQH VHPSUH XWLOL]]DWR LO VHQVRUH LQWHUQR
GHOO
XQLWjHVWHUQD
(mm)
121 LQVWDOODUH O
XQLWj LQ OXRJKL LQ FXL VLDQR SUHVHQWL OH FRQGL]LRQL
VHJXHQWL
ƒ ,QSUHVHQ]DGLROLPLQHUDOLQHEELDG
ROLRRDOWULYDSRUL
/HSDUWLLQSODVWLFDSRVVRQRGHWHULRUDUVLHGLFRQVHJXHQ]DFDGHUH
RSURYRFDUHSHUGLWHG
DFTXD
ƒ 121LQVWDOODUHO
XQLWjLQDUHHFKHULFKLHGRQRVLOHQ]LRSHUHVHPSLR
QHOOHYLFLQDQ]HGLXQDFDPHUDGDOHWWRHVLPLOLRQGHHYLWDUHFKHLO
UXPRUHGHOIXQ]LRQDPHQWRSRVVDFDXVDUHGLVDJLRDOOHSHUVRQH
ƒ /DIRQGD]LRQHGHYHHVVHUHDEEDVWDQ]DUHVLVWHQWHGDVRVWHQHUHLO
SHVRGHOO
XQLWj&RQVLGHUDUHLOSHVRGHOO
XQLWjFRQXQVHUEDWRLRSHU
O
DFTXDFDOGDVDQLWDULDSLHQRG
DFTXD
,Q FDVR GL SHUGLWH G
DFTXD q EHQH DVVLFXUDUVL FKH O
DFTXD QRQ
SRVVD FDXVDUH GDQQL DOOR VSD]LR G
LQVWDOOD]LRQH H DOO
DUHD
FLUFRVWDQWH
ƒ 1HL OXRJKL FRQ XQ
XPLGLWj HOHYDWD PD[ 85 SHU HVHPSLR
LQXQEDJQR
3UHSDUD]LRQH
ƒ 1HL OXRJKL LQ FXL q SRVVLELOH OD IRUPD]LRQH GL JKLDFFLR /D
WHPSHUDWXUDDPELHQWHDWWRUQRDOO
XQLWjLQWHUQDGHYHHVVHUH!ƒ&
3UHSDUD]LRQHGHOOXRJRG
LQVWDOOD]LRQH
121 LQVWDOODUH O
XQLWj LQ OXRJKL FKH YHQJRQR XWLOL]]DWL VSHVVR FRPH
VHGH GL DWWLYLWj ODYRUDWLYH ,Q FDVR GL ODYRUL GL FRVWUX]LRQH DG HV
PRODWXUD LQ FXL VL JHQHUD XQD JUDQGH TXDQWLWj GL SROYHUH O
XQLWj
GHYHHVVHUHFRSHUWD
6FHJOLHUH XQ OXRJR G
LQVWDOOD]LRQH FRQ VSD]LR D VXIILFLHQ]D SHU
WUDVSRUWDUHO
XQLWjGHQWURHIXRULGDTXHVWR
5HTXLVLWLGHOOXRJRG
LQVWDOOD]LRQHSHU
O
XQLWjLQWHUQD
ƒ 7HQHUHDPHQWHOHOLQHHJXLGDSHUOHPLVXUH
/XQJKH]]DPDVVLPDGHOOHWXED]LRQLGHOUHIULJHUDQWH
WUDXQLWjLQWHUQDHGXQLWjHVWHUQD
PD
/XQJKH]]DPLQLPDGHOOHWXED]LRQLGHOUHIULJHUDQWH
WUDXQLWjLQWHUQDHGXQLWjHVWHUQD
PE
'LIIHUHQ]DGLDOWH]]DPDVVLPDWUDXQLWjLQWHUQDHG
XQLWjHVWHUQD
P
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
ƒ /
XQLWjLQWHUQDqSURJHWWDWDVRORSHUO
LQVWDOOD]LRQHLQLQWHUQLHSHU
WHPSHUDWXUH DPELHQWH FRPSUHVH QHO UDQJH aƒ& QHO PRGR
UDIIUHGGDPHQWRHaƒ&QHOPRGRULVFDOGDPHQWR
3UHSDUD]LRQHGHOOHWXED]LRQLLGUDXOLFKH
5HTXLVLWLSHULOFLUFXLWRLGUDXOLFR
ƒ 8VDUHO
XQLWjLQWHUQDVRORLQXQVLVWHPDLGUDXOLFRFKLXVR
/
XVR GHO VLVWHPD LQ XQ VLVWHPD LGUDXOLFR DSHUWR FRPSRUWHUj XQD
FRUURVLRQHHFFHVVLYD
ƒ /DSUHVVLRQHDFTXDPDVVLPDqEDU
3UHYHGHUH GHOOH SURWH]LRQL GL VLFXUH]]D DGHJXDWH QHO FLUFXLWR
LGUDXOLFR SHU DVVLFXUDUH FKH 121 YHQJD VXSHUDWD OD SUHVVLRQH
PDVVLPD
ƒ 7XWWH OH WXED]LRQL H L UHODWLYL DFFHVVRUL LQVWDOODWL YDOYROD
FROOHJDPHQWL«GHYRQRVRSSRUWDUHOHVHJXHQWLWHPSHUDWXUH
,1)250$=,21,
/D ILJXUD FKH VHJXH q XQ HVHPSLR H SRWUHEEH 121
FRUULVSRQGHUHDOOD\RXWVLVWHPDLQTXHVWLRQH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
3UHSDUD]LRQH
ƒ 8VDUH VROR DWWUH]]L DSSURSULDWL SHU PDQLSRODUH O
RWWRQH FKH q XQ
PDWHULDOHWHQHUR,QFDVRFRQWUDULRVLGDQQHJJHUDQQRLWXEL
65°C
i
ƒ 6HOH]LRQDUH LO GLDPHWUR GHOOD WXED]LRQH LGUDXOLFD LQ UHOD]LRQH DOOD
SRUWDWDDFTXDULFKLHVWDHDOODSUHVVLRQHVWDWLFDHVWHUQDGLVSRQLELOH
GHOOD SRPSD 9HGHUH 'DWL WHFQLFL D SDJLQD SHU OH FXUYH
GHOODSUHVVLRQHVWDWLFDHVWHUQDGHOO
XQLWjLQWHUQD
i
T
a
b c
d e
f
g
h
M
M
ƒ , GDWL UHODWLYL DOOD SRUWDWD DFTXD PLQLPD ULFKLHVWD SHU LO
IXQ]LRQDPHQWRGHOO
XQLWjLQWHUQDVLWURYDQRQHOODWDEHOODVHJXHQWH
6H OD SRUWDWD DFTXD IRVVH LQIHULRUH VDUj YLVXDOL]]DWR O
HUURUH GL
IOXVVR+HO
XQLWjLQWHUQDVLDUUHVWHUj
HPC1
HPC2
HPC3
i
i
FHL1
FHL2
k
FHL3
89°C
j
D
E
F
G
H
I
J
K
L
M
N
O
+3&
)+/
7
0LQLPDSRUWDWDDFTXDOPLQ
ƒ 6HVLXVDXQDYDOYRODDYLHQHOFLUFXLWRLGUDXOLFRDVVLFXUDUVLFKH
LOFLUFXLWRGHOO
DFTXDFDOGDVDQLWDULDHLOFLUFXLWRGLULVFDOGDPHQWRD
SDYLPHQWRVLDQRFRPSOHWDPHQWHVHSDUDWL
f
l
0RGHOOR
8QLWjHVWHUQD
8QLWjLQWHUQD
6FDPELDWRUHGLFDORUH
5LVFDOGDWRUHGLULVHUYD
3RPSD
9DOYRODGLLQWHUFHWWD]LRQH
9DOYROD D YLH PRWRUL]]DWD IRUQLWD FRQ LO VHUEDWRLR
GHOO
DFTXDFDOGDVDQLWDULD
9DOYRODDYLHPRWRUL]]DWDGDUHSHULUHLQORFR
&ROOHWWRUH
6HUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
6HUSHQWLQDGHOORVFDPELDWRUHGLFDORUH
6XUULVFDOGDWRUH
&RQYHWWRUHFRQSRPSDGLFDORUHRS]LRQDOH
$QHOORGLULVFDOGDPHQWRDSDYLPHQWR
7HUPRVWDWRDPELHQWHRS]LRQDOH
ƒ , FROOHJDPHQWL GL WXWWH OH WXED]LRQL LGUDXOLFKH GHYRQR HVVHUH
HVHJXLWL LQ FRQIRUPLWj FRQ OH OHJJL DSSOLFDELOL H FRQ OR VFKHPD
G
DVVLHPHIRUQLWRFRQO
XQLWjULVSHWWDQGROHLQGLFD]LRQLGLHQWUDWDH
GLXVFLWDDFTXD
ƒ 121HVHUFLWDUHXQDIRU]DHFFHVVLYDSHUFROOHJDUHODWXED]LRQH/D
GHIRUPD]LRQHGHOODWXED]LRQHSXzSURYRFDUHGLIHWWLDOO
XQLWj
ƒ 3UHYHGHUHGHLUXELQHWWLGLVFDULFRLQWXWWLLSXQWLEDVVLGHOVLVWHPD
SHUFRQVHQWLUHLOGUHQDJJLRFRPSOHWRGHOFLUFXLWRLGUDXOLFR
ƒ 3UHYHGHUH XQR VFDULFR DGHJXDWR SHU OD YDOYROD GL VLFXUH]]D SHU
HYLWDUHFKHO
DFTXDSRVVDHQWUDUHLQFRQWDWWRFRQOHSDUWLHOHWWULFKH
ƒ 3UHYHGHUHGHJOLVILDWLSHUO
DULDLQWXWWLLSXQWLDOWLGHOVLVWHPDLTXDOL
GRYUDQQR DQFKH HVVHUH IDFLOPHQWH DFFHVVLELOL SHU OD
PDQXWHQ]LRQH Ê SUHYLVWR XQR VSXUJR DULD DXWRPDWLFR QHOO
XQLWj
LQWHUQD 9HULILFDUH FKH OD YDOYROD GL VSXUJR DULD 121 VLD WURSSR
VHUUDWD LQ PRGR GD JDUDQWLUH O
HYDFXD]LRQH DXWRPDWLFD GHOO
DULD
QHOFLUFXLWRLGUDXOLFR
ƒ 8WLOL]]DUH VROR PDWHULDOL FRPSDWLELOL FRQ O
DFTXD XWLOL]]DWD QHO
VLVWHPDHFRQLPDWHULDOLXWLOL]]DWLQHOO
XQLWjLQWHUQD
ƒ $FFHUWDUVL FKH WXWWL L FRPSRQHQWL QHOOH WXED]LRQL LQ ORFR VLDQR LQ
JUDGR GL UHVLVWHUH DOOD SUHVVLRQH DFTXD H DOOD WHPSHUDWXUD
GHOO
DFTXD
ƒ 6H VL LPSLHJDQR WXED]LRQL PHWDOOLFKH QRQ GL RWWRQH LVRODUH
DGHJXDWDPHQWH TXHOOH GL RWWRQH H TXHOOH QRQ GL RWWRQH LQ PRGR
FKH 121 SRVVDQR YHQLUH D FRQWDWWR OH XQH FRQ OH DOWUH 4XHVWR
VHUYHDSUHYHQLUHODFRUURVLRQHJDOYDQLFD
ƒ 6HVLXWLOL]]DXQDYDOYRODDYLHRXQDYDOYRODDYLHQHOFLUFXLWR
LGUDXOLFR LO WHPSR GL FRPPXWD]LRQH PDVVLPR GHOOD YDOYROD GRYUj
HVVHUHGLVHFRQGL
ƒ 6L FRQVLJOLD YLYDPHQWH GL LQVWDOODUH XQ ILOWUR VXSSOHPHQWDUH VXO
FLUFXLWRLGUDXOLFRGLULVFDOGDPHQWR,QSDUWLFRODUHSHUULPXRYHUHOH
SDUWLFHOOHPHWDOOLFKHGDOODWXED]LRQHGLULVFDOGDPHQWRLQVWDOODWDVL
FRQVLJOLD GL XWLOL]]DUH XQ ILOWUR PDJQHWLFR R D FLFORQH LQ JUDGR GL
ULPXRYHUH OH SDUWLFHOOH GL SLFFROH GLPHQVLRQL /H SDUWLFHOOH GL
SLFFROH GLPHQVLRQL SRVVRQR GDQQHJJLDUH O
XQLWj H 121 YHQJRQR
ULPRVVHGDOILOWURVWDQGDUGGHOVLVWHPDGHOODSRPSDGLFDORUH
ƒ 3RVVRQRLQVRUJHUHGHLSUREOHPLLQFDVRGLHQWUDWDGLDULDXPLGLWj
RSROYHUHQHOFLUFXLWRLGUDXOLFR3HUHYLWDUHTXHVWRSUREOHPD
ƒ 8VDUHVRORWXELSXOLWL
ƒ 7HQHUH O
HVWUHPLWj GHO WXER ULYROWD YHUVR LO EDVVR TXDQGR VL
ULPXRYHODEDYD
ƒ &RSULUH O
HVWUHPLWj GHO WXER SULPD GL LQVHULUOR DWWUDYHUVR XQD
SDUHWH LQ PRGR GD HYLWDUH O
HQWUDWD QHO WXER GL SROYHUH HR
SDUWLFHOOH
ƒ 8VDUH XQ VLJLOODQWH SHU ILOHWWDWXUH DGDWWR SHU VLJLOODUH L
FROOHJDPHQWL
ƒ 3HUUDJLRQLGLVLFXUH]]Dq9,(7$7$O
DJJLXQWDGLTXDOVLDVLJHQHUH
GLJOLFROHQHOFLUFXLWRLGUDXOLFR
ƒ 3HUHYLWDUHODVWDJQD]LRQHGHOO
DFTXDqLPSRUWDQWHFKHODFDSDFLWj
GLDFFXPXORGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULDFRUULVSRQGDDO
FRQVXPRJLRUQDOLHURGLDFTXDFDOGDVDQLWDULD
1HL FDVL LQ FXL O
DFTXD FDOGD GRYHVVH UHVWDUH LQXWLOL]]DWD SHU
SHULRGL GL WHPSR SL OXQJKL VL GRYUj ODYDUH O
DSSDUHFFKLDWXUD FRQ
DFTXDGROFHSULPDGHOO
XVR
/D IXQ]LRQH GL GLVLQIH]LRQH SUHYLVWD SHU O
DSSDUHFFKLDWXUD q
VSHFLILFDWDQHOPDQXDOHG
XVRGHOO
XQLWjLQWHUQD
ƒ 6L FRQVLJOLD GL HYLWDUH L WUDWWL GL WXED]LRQH WURSSR OXQJKL WUD LO
VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD H LO SXQWR ILQDOH GL XVFLWD
GHOO
DFTXD FDOGD GRFFLD YDVFD GD EDJQR« H GL HYLWDUH L WUDWWL
VHQ]DVERFFR
ƒ /
LPSLDQWRGHYHHVVHUHFRQIRUPHDOOHOHJJLDSSOLFDELOLHSRWUHEEH
ULFKLHGHUHGHOOHPLVXUHLJLHQLFKHDJJLXQWLYHSHUO
LQVWDOOD]LRQH
ƒ 6HFRQGROHOHJJLDSSOLFDELOLSRWUHEEHHVVHUHQHFHVVDULRLQVWDOODUH
GHOOHYDOYROHGLPLVFHOD]LRQHWHUPRVWDWLFKH
ƒ 6XELWR GRSR O
LQVWDOOD]LRQH q QHFHVVDULR ODYDUH FRQ JHWWL
DEERQGDQWL GL DFTXD GROFH LO VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD
4XHVWDSURFHGXUDGHYHHVVHUHULSHWXWDDOPHQRXQDYROWDDOJLRUQR
SHULSULPLJLRUQLFRQVHFXWLYLGRSRO
LQVWDOOD]LRQH
ƒ 6HFRQGROHOHJJLDSSOLFDELOLSRWUHEEHHVVHUHQHFHVVDULRFROOHJDUH
XQDSRPSDGLULFLUFRORWUDLOSXQWRILQDOHGLXVFLWDGHOO
DFTXDFDOGD
H LO FROOHJDPHQWR GL ULFLUFROR GHO VHUEDWRLR GHOO
DFTXD FDOGD
VDQLWDULD
ƒ 1RQ XWLOL]]DUH PDL FRPSRQHQWL ULYHVWLWL LQ ]LQFR QHO FLUFXLWR
LGUDXOLFR 'DWR FKH LO FLUFXLWR LGUDXOLFR LQWHUQR GHOO
XQLWj XWLOL]]D
WXED]LRQLGLUDPHVLSRWUHEEHYHULILFDUHXQDFRUURVLRQHHFFHVVLYD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
3UHSDUD]LRQH
0 9DOYROD PRWRUL]]DWD LQGLYLGXDOH SHU LO FRQWUROOR
GHOO
DQHOOR)+/GDUHSHULUHLQORFR
a
0DVVLPRYROXPHG
DFTXD
c
d
b
D
E
F
G
8VDUH LO JUDILFR TXL GL VHJXLWR SHU VWDELOLUH LO PDVVLPR YROXPH
G
DFTXDSHUODSUHSUHVVLRQHFDOFRODWD
&ROOHJDPHQWRGLULFLUFROR
&ROOHJDPHQWRSHUO
DFTXDFDOGD
'RFFLD
3RPSDGLULFLUFROR
a
2.5
2
)RUPXODSHUFDOFRODUHODSUHSUHVVLRQHGHO
VHUEDWRLRG
HVSDQVLRQH
1.5
/D SUHSUHVVLRQH 3J GHO VHUEDWRLR GLSHQGH GDOOD GLIIHUHQ]D
G
DOWH]]DGHOO
LPSLDQWR+
1
3J +EDU
0.5
0.3
0 20 50
&RQWUROORGHOYROXPHG
DFTXD
/
XQLWjLQWHUQDKDXQVHUEDWRLRG
HVSDQVLRQHGLOLWULFRQXQDSUH
SUHVVLRQHLPSRVWDWDDOODIDEEULFDGLEDU
3HUDVVLFXUDUVLFKHO
XQLWjIXQ]LRQLFRUUHWWDPHQWH
ƒ 6LGHYHFRQWUROODUHLOYROXPHG
DFTXDPLQLPRHPDVVLPR
ƒ 3RWUHEEH HVVHUH QHFHVVDULR UHJRODUH OD SUHSUHVVLRQH GHO
VHUEDWRLRG
HVSDQVLRQH
100
150
200
250
300
'LIIHUHQ]DGL
DOWH]]D
GHOO
LPSLDQWR
b
9ROXPHG
DFTXD
”O
!O
”P
1RQqULFKLHVWDOD
UHJROD]LRQHGHOODSUH
SUHVVLRQH
,QFDVRGLSURFHVVLGLIILFLOLRQHJOLDPELHQWLSDUWLFRODUPHQWH
FDOGL SRWUHEEH HVVHUH QHFHVVDULR XQ YROXPH GL DFTXD
DJJLXQWLYR
!P
127$
3URFHGHUHFRPHVHJXH
ƒ $XPHQWDUH
SUHVVLRQH
4XDQGR OD FLUFROD]LRQH LQ FLDVFXQ DQHOOR GL ULVFDOGDPHQWR
DPELHQWHqFRQWUROODWDGDYDOYROHDGD]LRQDPHQWRUHPRWR
q LPSRUWDQWH FKH VLD JDUDQWLWR LO YROXPH G
DFTXD PLQLPR
DQFKHVHWXWWHOHYDOYROHVRQRFKLXVH
f
g
T1
T2
M2
OD
SUH
OD
SUH
,OVHUEDWRLRGLHVSDQVLRQH
GHOO
XQLWjLQWHUQDqWURSSR
SLFFRORSHUO
LPSLDQWR
D 4XHVWD q OD GLIIHUHQ]D GL DOWH]]D P WUD LO SXQWR SL DOWR GHO FLUFXLWR
LGUDXOLFRHO
XQLWjLQWHUQD6HO
XQLWjLQWHUQDVLWURYDQHOSXQWRSLDOWR
GHOO
LPSLDQWRO
DOWH]]DGLLQVWDOOD]LRQHqFRQVLGHUDWDP
h
T3
M3
ƒ 'LPLQXLUH
SUHVVLRQH
ƒ &RQWUROODUH
VH
LO
YROXPH G
DFTXD 121
VXSHUD LO PDVVLPR
YROXPH
G
DFTXD
DPPHVVR
M1
3URFHGHUHFRPHVHJXH
ƒ &RQWUROODUH
VH
LO
YROXPH G
DFTXD 121
VXSHUD LO PDVVLPR
YROXPH
G
DFTXD
DPPHVVR
,1)250$=,21,
d
450
D
&RQWUROODUH FKH LO YROXPH WRWDOH GL DFTXD QHOO
LQVWDOOD]LRQH
(6&/862 LO YROXPH G
DFTXD LQWHUQR GHOO
XQLWj LQWHUQD VLD GL OLWUL
PLQLPR
b c
400
(VHPSLR 0DVVLPR YROXPH G
DFTXD H SUHSUHVVLRQH GHO
VHUEDWRLRG
HVSDQVLRQH
9ROXPHG
DFTXDPLQLPR
a
350
D 3UHSUHVVLRQHEDU
E 0DVVLPRYROXPHG
DFTXDO
0RGLILFDGHOODSUHSUHVVLRQHGHOVHUEDWRLR
GLHVSDQVLRQH
127$
e f
/D SUHSUHVVLRQH GHO VHUEDWRLR GL HVSDQVLRQH SXz HVVHUH
UHJRODWDVRORGDXQLQVWDOODWRUHDXWRUL]]DWR
FHL1
FHL2
FHL3
D
E
F
G
H
I
J
K
)+/
8QLWjHVWHUQD
8QLWjLQWHUQD
6FDPELDWRUHGLFDORUH
5LVFDOGDWRUHGLULVHUYD
3RPSD
9DOYRODGLLQWHUFHWWD]LRQH
&ROOHWWRUHGDUHSHULUHLQORFR
9DOYRODE\SDVVGDUHSHULUHLQORFR
$QHOOR GL ULVFDOGDPHQWR D SDYLPHQWR GD UHSHULUH LQ
ORFR
7 7HUPRVWDWRDPELHQWHVLQJRORRS]LRQDOH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
4XDQGR q QHFHVVDULR PRGLILFDUH OD SUHSUHVVLRQH SUHLPSRVWDWD GHO
VHUEDWRLRGLHVSDQVLRQHEDUWHQHUHFRQWRGHOOHOLQHHJXLGDVRWWR
ULSRUWDWH
ƒ 8WLOL]]DUH VROR D]RWR VHFFR SHU LPSRVWDUH OD SUHSUHVVLRQH GHO
VHUEDWRLRGLHVSDQVLRQH
ƒ 8Q
LPSRVWD]LRQH LQDGHJXDWD GHOOD SUHSUHVVLRQH GHO VHUEDWRLR GL
HVSDQVLRQHSXzSURYRFDUHXQGLIHWWRGHOVLVWHPD
/D PRGLILFD GHOOD SUHSUHVVLRQH GHO VHUEDWRLR GL HVSDQVLRQH GHYH
HVVHUH HVHJXLWD VFDULFDQGR R DXPHQWDQGR OD SUHVVLRQH GHOO
D]RWR
DWWUDYHUVRODYDOYROD6FKUlGHUGHOVHUEDWRLRGLHVSDQVLRQH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
3UHSDUD]LRQH
3UHSDUD]LRQHGHOFDEODJJLRHOHWWULFR
1RWHUHODWLYHDOODSUHSDUD]LRQHGHO
FDEODJJLRHOHWWULFR
$99(57(1=$
ƒ /D IDVH 1 GHOO
DOLPHQWD]LRQH PDQFD R QRQ q FRUUHWWD
O
DSSDUHFFKLDWXUDVLJXDVWHUj
a
ƒ 'HWHUPLQD]LRQH GHOOD PHVVD D WHUUD DGHJXDWD 121
HIIHWWXDUH OD PHVVD D WHUUD GHOO
XQLWj WUDPLWH WXEL
DFFHVVRUL DVVRUELWRUL GL VRYUDWHQVLRQH R OD PHVVD D
WHUUD GHO WHOHIRQR 8QD PHVVD D WHUUD LQFRPSOHWD SXz
SURYRFDUHVFRVVHHOHWWULFKH
D 9DOYROD6FKUlGHU
ƒ ,QVWDOODUHLIXVLELOLRJOLLQWHUUXWWRULGLGLVSHUVLRQHDWHUUD
QHFHVVDUL
&RQWUROORGHOYROXPHG
DFTXD(VHPSL
ƒ $VVLFXUDUH LO FDEODJJLR HOHWWULFR FRQ GHOOH IDVFHWWH LQ
PRGR WDOH FKH L FDYL 121 HQWULQR LQ FRQWDWWR FRQ OH
WXED]LRQL R FRQ VSLJROL YLYL LQ SDUWLFRODUH GDO ODWR DOWD
SUHVVLRQH
(VHPSLR
/
XQLWj LQWHUQD q LQVWDOODWD P DO GL VRWWR GHO SXQWR SL DOWR QHO
FLUFXLWR LGUDXOLFR ,O YROXPH GL DFTXD WRWDOH QHO FLUFXLWR LGUDXOLFR q
O
ƒ 121XVDUHILOLQDVWUDWLILOLFRQFRQGXWWRULDWUHIRORFDYL
GLSUROXQJDRFRQQHVVLRQLGDXQVLVWHPDDVWHOOD(VVL
SRVVRQRSURYRFDUHVXUULVFDOGDPHQWRVFRVVHHOHWWULFKH
RLQFHQGL
1RQVRQRQHFHVVDULLQWHUYHQWLRUHJROD]LRQL
(VHPSLR
ƒ 121 LQVWDOODUH XQ FRQGHQVDWRUH SHU O
DQWLFLSR GL IDVH
SRLFKp TXHVWD XQLWj q GRWDWD GL XQ LQYHUWHU 8Q
FRQGHQVDWRUHSHUO
DQWLFLSRGLIDVHULGXUUjOHSUHVWD]LRQL
HSRWUHEEHSURYRFDUHLQFLGHQWL
/
XQLWj LQWHUQD q LQVWDOODWD QHO SXQWR SL DOWR GHO FLUFXLWR LGUDXOLFR ,O
YROXPHGLDFTXDWRWDOHQHOFLUFXLWRLGUDXOLFRqO
,QWHUYHQWL
$99(57(1=$
ƒ 'DWRFKHLOYROXPHGLDFTXDWRWDOHOqPDJJLRUHGHOYROXPH
GLDFTXDSUHGHILQLWROVLGHYHULGXUUHODSUHSUHVVLRQH
ƒ 7XWWLLFDEODJJLGHYRQRHVVHUHHVHJXLWLGDXQHOHWWULFLVWD
DXWRUL]]DWR H GHYRQR HVVHUH FRQIRUPL FRQ OH OHJJL
DSSOLFDELOL
ƒ /DSUHSUHVVLRQHULFKLHVWDq
3J +EDU EDU EDU
ƒ ,O PDVVLPR YROXPH GL DFTXD FRUULVSRQGHQWH D EDU q O
9HGHUHLOJUDILFRQHOFDSLWRORVRSUD
ƒ (VHJXLUHLFROOHJDPHQWLHOHWWULFLFRQLOFDEODJJLRILVVR
ƒ 7XWWL L FRPSRQHQWL UHSHULWL LQ ORFR H WXWWL L FROOHJDPHQWL
HOHWWULFL HIIHWWXDWL GHYRQR HVVHUH FRQIRUPL DOOH OHJJL
DSSOLFDELOL
ƒ 'DO PRPHQWR FKH O q PLQRUH GL O LO VHUEDWRLR GL
HVSDQVLRQHqDGDWWRSHUO
LPSLDQWR
$99(57(1=$
,O ULVFDOGDWRUH GL ULVHUYD GHYH DYHUH XQ
DOLPHQWD]LRQH
GHGLFDWD
$99(57(1=$
3HULFDYLGLDOLPHQWD]LRQHXWLOL]]DUHVHPSUHFDYLGHOWLSRD
SLWUHIROL
1RWHUHODWLYHDOO
DOLPHQWD]LRQHDWDULIID
N:KSUHIHUHQ]LDOH
/
RELHWWLYRGHOOHD]LHQGHIRUQLWULFLGLHQHUJLDHOHWWULFDGLWXWWRLOPRQGR
q TXHOOR GL IRUQLUH VHUYL]L HOHWWULFL D SUH]]L FRPSHWLWLYL FRQ OD
SRVVLELOLWj LQ PROWL FDVL GL DSSOLFDUH DL FOLHQWL WDULIIH ULGRWWH DG
HVHPSLR WDULIIH EDVDWH VXOOD IDVFLD RUDULD WDULIIH VWDJLRQDOL R OD
³:lUPHSXPSHQWDULI´WDULIIDSHUULVFDOGDPHQWRFRQSRPSHGLFDORUH
LQ*HUPDQLDHLQ$XVWULD
4XHVWD DSSDUHFFKLDWXUD FRQVHQWH XQ FROOHJDPHQWR D VLVWHPL GL
HURJD]LRQHGHOO
DOLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOH
3HU YDOXWDUH O
RSSRUWXQLWj GL FROOHJDUH O
DSSDUHFFKLDWXUD D XQR GHL
VLVWHPL GL IRUQLWXUD GHOO
DOLPHQWD]LRQH D WDULIID N:K SUHIHUHQ]LDOH
HYHQWXDOPHQWH GLVSRQLELOL FRQVXOWDUH O
D]LHQGD IRUQLWULFH GL HQHUJLD
HOHWWULFDQHOO
DUHDLQFXLO
DSSDUHFFKLDWXUDGHYHHVVHUHLQVWDOODWD
6H O
DSSDUHFFKLDWXUD q FROOHJDWD D XQ
DOLPHQWD]LRQH D WDULIID N:K
SUHIHUHQ]LDOHO
D]LHQGDIRUQLWULFHGLHQHUJLDHOHWWULFDqDXWRUL]]DWDD
ƒ LQWHUURPSHUH O
DOLPHQWD]LRQH GHOO
DSSDUHFFKLDWXUD SHU GHWHUPLQDWL
SHULRGLGLWHPSR
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
3UHSDUD]LRQH
ƒ ULFKLHGHUH FKH LQ GHWHUPLQDWL SHULRGL GL WHPSR LO FRQVXPR GL
HOHWWULFLWjGHOO
DSSDUHFFKLDWXUDVLDVRWWRSRVWRDOLPLWD]LRQL
/
XQLWj LQWHUQD q SURJHWWDWD SHU ULFHYHUH XQ VHJQDOH LQ LQJUHVVR
WUDPLWHLOTXDOHO
XQLWjSDVVDDOPRGRGLVDWWLYDWRIRU]DWR,QWDOFDVRLO
FRPSUHVVRUHGHOO
XQLWjHVWHUQDVPHWWHGLIXQ]LRQDUH
$ VHFRQGD FKH O
DOLPHQWD]LRQH YHQJD LQWHUURWWD RSSXUH QR LO
FDEODJJLRGLFROOHJDPHQWRFRQO
XQLWjVDUjGLIIHUHQWH
3DQRUDPLFDGHLFROOHJDPHQWLHOHWWULFLDGHFFH]LRQHGHJOLDWWXDWRULHVWHUQL
$OLPHQWD]LRQHQRUPDOH
$OLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOH
/
DOLPHQWD]LRQH121YLHQHLQWHUURWWD
b
a
0 0 58
0 0 58
0 5
1 0
3
/
DOLPHQWD]LRQHYLHQHLQWHUURWWD
1
3
a
0 0 58
0 5
1 0
4
5
1
0 0 58
0 5
1 0
4
3
'XUDQWHO
DWWLYD]LRQHGHOO
DOLPHQWD]LRQHDWDULIID
N:K SUHIHUHQ]LDOH O
DOLPHQWD]LRQH 121 YLHQH
LQWHUURWWD /
XQLWj HVWHUQD YLHQH GLVDWWLYDWD GDO
FRQWUROOR
1RWD /D VRFLHWj HOHWWULFD GHYH VHPSUH
FRQVHQWLUH LO FRQVXPR GL FRUUHQWH GHOO
XQLWj
LQWHUQD
$OLPHQWD]LRQHQRUPDOH
$OLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOH
$OLPHQWD]LRQHSHUO
XQLWjHVWHUQD
&DYR GL DOLPHQWD]LRQH HG LQWHUFRQQHVVLRQH FRQ
O
XQLWjLQWHUQD
$OLPHQWD]LRQHGHOULVFDOGDWRUHGLULVHUYD
$OLPHQWD]LRQH D WDULIID N:K SUHIHUHQ]LDOH FRQWDWWR
SXOLWR
/
DOLPHQWD]LRQH D WDULIID N:K QRUPDOH SHU
DOLPHQWDUH OD VFKHGD GHOO
XQLWj LQWHUQD LQ FDVR GL
LQWHUUX]LRQH GHOO
DOLPHQWD]LRQH D WDULIID N:K
SUHIHUHQ]LDOH
D
E
3DQRUDPLFDGHLFROOHJDPHQWLHOHWWULFLSHU
JOLDWWXDWRULHVWHUQLHGLQWHUQL
E
F
G
H
9RFH
/D ILJXUD FKH VHJXH q XQ HVHPSLR H SRWUHEEH 121
FRUULVSRQGHUHDOOD\RXWVLVWHPDLQTXHVWLRQH
1
'XUDQWHO
DWWLYD]LRQHGHOO
DOLPHQWD]LRQHDWDULIID
N:K SUHIHUHQ]LDOH O
DOLPHQWD]LRQH YLHQH
LQWHUURWWD
GDOOD
VRFLHWj
HOHWWULFD
LPPHGLDWDPHQWH RSSXUH GRSR SRFR WHPSR ,Q
TXHVWR FDVR O
XQLWj LQWHUQD GHYH HVVHUH
DOLPHQWDWD GD XQD QRUPDOH DOLPHQWD]LRQH
VHSDUDWD
5LVFDOGDWRUHGLULVHUYD
8QLWjLQWHUQD
6HUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
6XUULVFDOGDWRUH
'HVFUL]LRQH
)LOL
&RUUHQWHGL
IXQ]LRQDPH
QWR
PDVVLPD
$OLPHQWD]LRQHGHOO
XQLWjHVWHUQDHGHOO
XQLWjLQWHUQD
$OLPHQWD]LRQHSHU
O
XQLWjHVWHUQD
*1'R*1'
D
&DYRGLDOLPHQWD]LRQH
HGLQWHUFRQQHVVLRQH
FRQO
XQLWjLQWHUQD
F
$OLPHQWD]LRQHGHO
ULVFDOGDWRUHGLULVHUYD
9HGHUHODWDEHOOD ²
VRWWR
$OLPHQWD]LRQHDWDULIID
N:KSUHIHUHQ]LDOH
FRQWDWWRSXOLWR
H
$OLPHQWD]LRQHDWDULIID
N:KQRUPDOH
$
I
/DILJXUDVHJXHQWHPRVWUDLFROOHJDPHQWLLQORFRQHFHVVDUL
,1)250$=,21,
0 5
1 0
2
2
2
b
,QWHUIDFFLDXWHQWH
12
15
b
13
7
M
9DOYRODDYLH
P$E
$OLPHQWD]LRQHSHULO
VXUULVFDOGDWRUHH
SURWH]LRQHWHUPLFD
GDOO
XQLWjLQWHUQD
*1'
F
$OLPHQWD]LRQHSHULO
*1'
VXUULVFDOGDWRUHDOO
XQLWj
LQWHUQD
$
7HUPLVWRUHGHO
VHUEDWRLRGHOO
DFTXD
FDOGDVDQLWDULD
G
$OLPHQWD]LRQHSHU
ULVFDOGDWRUHSLDVWUD
IRQGR
E
16
14
17
9
19
,QWHUIDFFLDXWHQWH
$SSDUHFFKLDWXUHRS]LRQDOL
6
21
14
18
c
20
M
8 10
d
e
a
D 6LQJROD DOLPHQWD]LRQH GHOO
XQLWj HVWHUQD GHO
ULVFDOGDWRUHGLULVHUYDHGHOVXUULVFDOGDWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
,QVWDOOD]LRQH
9RFH
'HVFUL]LRQH
)LOL
&RUUHQWHGL
IXQ]LRQDPH
QWR
PDVVLPD
7HUPRVWDWRDPELHQWH
R
P$E
6HQVRUHWHPSHUDWXUD
DPELHQWHHVWHUQD
E
6HQVRUHWHPSHUDWXUD
DPELHQWHLQWHUQD
E
&RQYHWWRUHFRQSRPSD GLFDORUH
P$E
&RPSRQHQWLIRUQLWLLQORFR
9DOYRODGL
LQWHUFHWWD]LRQH
P$E
&RQWDWRUHHOHWWULFR
SHUFRQWDWRUH
E
3RPSDGHOO
DFTXDFDOGD VDQLWDULD
E
8VFLWDDOODUPH
E
3DVVDJJLRDOFRQWUROOR
GHOODIRQWHGLFDORUH
HVWHUQD
E
&RQWUROORGHO
IXQ]LRQDPHQWRGL
UDIIUHGGDPHQWR
ULVFDOGDPHQWR
DPELHQWH
E
,QSXWGLJLWDOLGHO
FRQVXPRGLSRWHQ]D
SHUVHJQDOHLQ
LQJUHVVR
E
2x
,QFOLQDUHLOSDQQHOORDQWHULRUHYHUVRGLVpHULPXRYHUOR
9HGHUHODWDUJKHWWDLQIRUPDWLYDVXOO
XQLWjHVWHUQD
6H]LRQHPLQLPDGHOFDYRPPð
6H]LRQHGHOFDYRPPð
, FDYL GHO WHUPLVWRUH H GL FROOHJDPHQWR P VRQR IRUQLWL FRQ LO
VHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
H 6H]LRQH GHO FDYR GD PPð D PPð OXQJKH]]D PDVVLPD
P,OFRQWDWWRSXOLWRGRYUjDVVLFXUDUHLOFDULFRPLQLPRDSSOLFDELOHGL
9&&P$
I 6H]LRQH GHO FDYR GD PPð D PPð OXQJKH]]D PDVVLPD
P $SSOLFDELOH SHU OD FRQQHVVLRQH VLD GHOO
LQWHUIDFFLD XWHQWH
VLQJRODFKHGHOO
LQWHUIDFFLDXWHQWHGRSSLD
$SHUWXUDGHOFRSHUFKLRGHOTXDGUR
HOHWWULFRGHOO
XQLWjLQWHUQD
D
E
F
G
127$
3HU WURYDUH DOWUH VSHFLILFKH WHFQLFKH UHODWLYH DL YDUL
FROOHJDPHQWLYHGHUH
0RQWDJJLRGHOO
XQLWjLQWHUQD
,QVWDOOD]LRQHGHOO
XQLWjLQWHUQD
$77(1=,21(
ƒ 6FKHPDHOHWWULFRDSDJLQD
121 IDUH SUHVD VXOOD WXED]LRQH SHU VROOHYDUH O
XQLWj
LQWHUQD
$OLPHQWD]LRQH
1XPHURULFKLHVWRGL
FRQGXWWRUL
9
[9
*1'
:
[9
*1'SRQWL
[9
*1'SRQWH
[9
*1'
,QVWDOOD]LRQH
$SHUWXUDGHOOHXQLWj
$SHUWXUDGHOO
XQLWjLQWHUQD
$OOHQWDUHHWRJOLHUHOHYLWLFKHILVVDQRLOSDQQHOORVXSHULRUH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
ƒ 6FKHPDHOHWWULFRQHOTXDGURHOHWWULFRGHOO
XQLWj
7LSRGL
ULVFDOGDWRUHGL
ULVHUYD
4x
(VWUDUUHO
XQLWjGDOO
LPEDOODJJLRVROOHYDQGROD
1
60kg
5LPXRYHUH OH YLWL H LO SDQQHOOR DFXVWLFR VXO IRQGR
GHOO
LPEDOODJJLR
7RJOLHUH OH YLWL GDO IRQGR GHOO
XQLWj 6JDQFLDUH H ULPXRYHUH L
SDQQHOOLODWHUDOL
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
,QVWDOOD]LRQH
2
3
1
2
2
2
3
1 4x
$IILJJHUH LO GLVHJQR GHOO
LQVWDOOD]LRQH YHGHUH LPEDOODJJLR VXO
PXURHVHJXLUHLSDVVLFRPHLOOXVWUDWRVRWWR
2x
2
1
2
3
4
6ROOHYDUHO
XQLWj
4x
2
1
3
,QFOLQDUH OD SDUWH VXSHULRUH GHOO
XQLWj FRQWUR OD SDUHWH QHOOD
SRVL]LRQHGHOOHYLWLLQVHULWH
$JJDQFLDUHO
XQLWjFRQWURODSDUHWH
,QVWDOOD]LRQHGHONLWGHOODEDFLQHOODGL
GUHQDJJLR
6H q QHFHVVDULR XQ NLW GHOOD EDFLQHOOD GL GUHQDJJLR (.+%'3&$
LQVWDOODUOR SULPD GL FROOHJDUH L WXEL GHO UHIULJHUDQWH H GHOO
DFTXD H LO
FDEODJJLRHOHWWULFR
3HU O
LQVWDOOD]LRQH YHGHUH LO PDQXDOH G
LQVWDOOD]LRQH GHO NLW GHOOD
EDFLQHOODGLGUHQDJJLR
&ROOHJDPHQWRGHOODWXED]LRQHGHOO
DFTXD
3HUFROOHJDUHODWXED]LRQHGHOO
DFTXD
2x
127$
121 HVHUFLWDUH XQD IRU]D HFFHVVLYD SHU FROOHJDUH OD
WXED]LRQH/DGHIRUPD]LRQHGHOODWXED]LRQHSXzSURYRFDUH
GLIHWWLDOO
XQLWj
2x
1
2
$VVHPEODUHO
XQLWj
3
3HUIDFLOLWDUHO
DVVLVWHQ]DHODPDQXWHQ]LRQHVRQRSUHYLVWHYDOYROH
GL LQWHUFHWWD]LRQH 0RQWDUH OH YDOYROH VXOO
HQWUDWD GHOO
DFTXD H
VXOO
XVFLWD GHOO
DFTXD )DUH DWWHQ]LRQH DOOD ORUR SRVL]LRQH
/
RULHQWDPHQWRGHOOHYDOYROHGLGUHQDJJLRLQWHJUDWHqLPSRUWDQWHSHU
O
DVVLVWHQ]D
,QVWDOODUHOHYDOYROHGLLQWHUFHWWD]LRQHVXLWXELGHOO
DFTXD
1
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
,QVWDOOD]LRQH
b
a
D (QWUDWDDFTXD
E 8VFLWDDFTXD
4x
1
2
127$
3HU HYLWDUH GDQQL DOOH DUHH FLUFRVWDQWL LQ FDVR GL SHUGLWD
G
DFTXD VL UDFFRPDQGD GL FKLXGHUH OH YDOYROH GL DUUHVWR
GHOO
HQWUDWDGHOO
DFTXDIUHGGDGXUDQWHLSHULRGLGLDVVHQ]D
$YYLWDUHLGDGLGHOO
XQLWjLQWHUQDVXOOHYDOYROHGLLQWHUFHWWD]LRQH
&ROOHJDUHOHWXED]LRQLLQORFRVXOOHYDOYROHGLLQWHUFHWWD]LRQH
,Q FDVR GL FROOHJDPHQWR FRQ LO VHUEDWRLR RS]LRQDOH GHOO
DFTXD
FDOGDVDQLWDULDYHGHUHLOUHODWLYRPDQXDOHG
LQVWDOOD]LRQH
127$
ƒ ,QVWDOODUHXQGLVSRVLWLYRGLGUHQDJJLRHXQGLVSRVLWLYRGL
VFDULFR GHOOD SUHVVLRQH VXO FROOHJDPHQWR GHOO
HQWUDWD
GHOO
DFTXD IUHGGD GHOOD ERPEROD GHOO
DFTXD FDOGD
VDQLWDULD
3
5LHPSLPHQWRGHOFLUFXLWRLGUDXOLFR
&ROOHJDUH LO WXER IOHVVLELOH GL DOLPHQWD]LRQH GHOO
DFTXD DOOD
YDOYRODGLVFDULFRHGLULHPSLPHQWR
$SULUHODYDOYRODGLVFDULFRHGLULHPSLPHQWR
$VVLFXUDUVL FKH OD YDOYROD DXWRPDWLFD GL VSXUJR DULD VLD DSHUWD
DOPHQRJLUL
ƒ 3HU HYLWDUH O
HIIHWWR VLIRQH D ULWURVR VL FRQVLJOLD GL
LQVWDOODUH XQD YDOYROD GL QRQ ULWRUQR VXOO
HQWUDWD
GHOO
DFTXD GHO VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD QHO
ULVSHWWRGHOOHOHJJLDSSOLFDELOL
ƒ 6L FRQVLJOLD GL LQVWDOODUH XQD YDOYROD GL ULGX]LRQH GHOOD
SUHVVLRQH VXOO
HQWUDWD GHOO
DFTXD IUHGGD QHO ULVSHWWR
GHOOHOHJJLDSSOLFDELOL
ƒ ,QVWDOODUH XQ VHUEDWRLR DG HVSDQVLRQH VXOO
HQWUDWD
GHOO
DFTXDIUHGGDVHFRQGROHOHJJLDSSOLFDELOL
ƒ 6L UDFFRPDQGD GL LQVWDOODUH OD YDOYROD GL VFDULFR GHOOD
SUHVVLRQH LQ XQD SRVL]LRQH SL DOWD SHU HVHPSLR OD
VRPPLWjGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
,OULVFDOGDPHQWRGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
ID Vu FKH O
DFTXD VL GLODWL H VHQ]D OD YDOYROD GL VFDULFR
GHOOD SUHVVLRQH q SRVVLELOH FKH OD SUHVVLRQH DFTXD
DOO
LQWHUQR GHO VHUEDWRLR VDOJD DO GL VRSUD GHOOD
SUHVVLRQHGLSURJHWWRGHOVHUEDWRLR,QROWUHO
LPSLDQWRLQ
ORFR WXED]LRQL SXQWL GL SUHOLHYR HFF FROOHJDWR DO
VHUEDWRLRqVRJJHWWRDTXHVW
DOWDSUHVVLRQH3HUHYLWDUH
TXDQWR VRSUD VL GHYH LQVWDOODUH XQD YDOYROD GL VFDULFR
GHOODSUHVVLRQH
/D SUHYHQ]LRQH GHOOD VRYUDSUHVVLRQH GLSHQGH GDO
FRUUHWWR IXQ]LRQDPHQWR GHOOD YDOYROD GL VFDULFR GHOOD
SUHVVLRQH LQVWDOODWD LQ ORFR 6H TXHVWD 121 GRYHVVH
IXQ]LRQDUHFRUUHWWDPHQWHODVRYUDSUHVVLRQHGHIRUPHUj
LO VHUEDWRLR H VL SRWUj YHULILFDUH XQD SHUGLWD G
DFTXD
3HUDVVLFXUDUHXQFRUUHWWRIXQ]LRQDPHQWRqQHFHVVDULR
HVHJXLUHXQDPDQXWHQ]LRQHUHJRODUH
,1)250$=,21,
3HU O
XELFD]LRQH GHOOD YDOYROD GL VSXUJR DULD YHGHUH
&RPSRQHQWL8QLWjLQWHUQDDSDJLQD
5LHPSLUHLOFLUFXLWRFRQDFTXDILQRDTXDQGRLOPDQRPHWURQRQ
LQGLFKHUjXQDSUHVVLRQHGLFLUFD“EDU
6SXUJDUHTXDQWRSLSRVVLELOHO
DULDGDOFLUFXLWRLGUDXOLFR
127$
ƒ /
DULDSUHVHQWHQHOFLUFXLWRLGUDXOLFRSXzFDXVDUHGLIHWWL
DO ULVFDOGDWRUH GL ULVHUYD 'XUDQWH LO ULHPSLPHQWR
SRWUHEEHQRQHVVHUHSRVVLELOHULPXRYHUHWXWWDO
DULDGDO
FLUFXLWR /
DULD ULPDQHQWH IXRULXVFLUj GDOOH YDOYROH GL
VSXUJR DULD DXWRPDWLFKH GXUDQWH OH SULPH RUH GL
IXQ]LRQDPHQWRGHOVLVWHPD,QVHJXLWRSRWUHEEHHVVHUH
QHFHVVDULRUDEERFFDUHO
DFTXD
,QVWDOODUHLOSDQQHOORDFXVWLFRFRPHLOOXVWUDWRQHOODILJXUDVRWWR
ƒ 3HU VSXUJDUH LO VLVWHPD XVDUH OD IXQ]LRQH VSHFLDOH
GHVFULWWD DO FDSLWROR 0HVVD LQ IXQ]LRQH D
SDJLQD 4XHVWD IXQ]LRQH GHYH HVVHUH XWLOL]]DWD
SHU VSXUJDUH OD VHUSHQWLQD GHOOR VFDPELDWRUH GL FDORUH
GHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&KLXGHUHODYDOYRODGLVFDULFRHGLULHPSLPHQWR
6FROOHJDUH LO WXER IOHVVLELOH GL DOLPHQWD]LRQH GHOO
DFTXD GDOOD
YDOYRODGLVFDULFRHGLULHPSLPHQWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
,QVWDOOD]LRQH
127$
/DSUHVVLRQHDFTXDLQGLFDWDVXOPDQRPHWURYDULHUjLQEDVH
DOOD WHPSHUDWXUD GHOO
DFTXD OD SUHVVLRQH DXPHQWD FRQ
O
DXPHQWDUHGHOODWHPSHUDWXUDGHOO
DFTXD
7XWWDYLDODSUHVVLRQHDFTXDGHYHHVVHUHVHPSUHULPDQHUH
DOGLVRSUDGLEDUSHUHYLWDUHO
LQJUHVVRGLDULDQHOFLUFXLWR
6RORSHUXQLWjLQWHUQH
9HGHUH &ROOHJDPHQWR GHOO
DOLPHQWD]LRQH GHO ULVFDOGDWRUH GL
ULVHUYDDSDJLQD
5LHPSLPHQWRGHOVHUEDWRLRGHOO
DFTXD
FDOGDVDQLWDULD
3HUOHLVWUX]LRQLG
LQVWDOOD]LRQHYHGHUHLOPDQXDOHG
LQVWDOOD]LRQHGHO
VHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
&ROOHJDPHQWRGHOFDEODJJLRHOHWWULFR
DOO
XQLWjLQWHUQD
3HU DSULUH O
XQLWj LQWHUQD YHGHUH $SHUWXUD GHOO
XQLWj
LQWHUQDDSDJLQD
,OFDEODJJLRGHYHHQWUDUHQHOO
XQLWjGDOIRQGR
/
LQVWUDGDPHQWR GHO FDEODJJLR DOO
LQWHUQR GHOO
XQLWj GHYH HVVHUH
HVHJXLWRQHOVHJXHQWHPRGR
,VRODPHQWRGHOODWXED]LRQHGHOO
DFTXD
7XWWH OH WXED]LRQL GHOO
LQWHUR FLUFXLWR LGUDXOLFR GHYRQR HVVHUH LVRODWH
LQ PRGR GD SUHYHQLUH OD IRUPD]LRQH GL FRQGHQVD GXUDQWH
O
RSHUD]LRQH GL UDIIUHGGDPHQWR H OD ULGX]LRQH GHOOD FDSDFLWj VLD GL
ULVFDOGDPHQWRFKHGLUDIIUHGGDPHQWR
b
6HODWHPSHUDWXUDqSLDOWDGLƒ&HO
XPLGLWjUHODWLYDqPDJJLRUH
GHOO
DOORUD OR VSHVVRUH GHL PDWHULDOL VLJLOODQWL GRYUj HVVHUH
DOPHQR GL PP SHU HYLWDUH OD IRUPD]LRQH GL FRQGHQVD VXOOD
VXSHUILFLHGHOODVLJLOODWXUD
a
c
c
&ROOHJDPHQWRGHOFDEODJJLRHOHWWULFR
3(5,&2/25,6&+,2',6&266$(/(775,&$
,1)250$=,21,
3HU DYHUH PDJJLRUL LQIRUPD]LRQL VXOOD OHJHQGD H
VXOO
XELFD]LRQH GHOOR VFKHPD HOHWWULFR GHOO
XQLWj DQGDUH
VX6FKHPDHOHWWULFRDSDJLQD
$99(57(1=$
3HULFDYLGLDOLPHQWD]LRQHXWLOL]]DUHVHPSUHFDYLGHOWLSRD
SLWUHIROL
,1)250$=,21,
3HU O
LQVWDOOD]LRQH GL FDYL GD UHSHULUH LQ ORFR R SHU OH
RS]LRQL SUHYHGHUH XQD OXQJKH]]D VXIILFLHQWH GHJOL VWHVVL
,Q TXHVWR PRGR VDUj SRVVLELOH ULPXRYHUHULSRVL]LRQDUH LO
TXDGURHOHWWULFRHDFFHGHUHDGDOWULFRPSRQHQWLGXUDQWHOD
PDQXWHQ]LRQH
1RWHVXOODFRQIRUPLWjFRQOHQRUPH
HOHWWULFKH
6RORSHU55/4&$955/4&$9
$SSDUHFFKLDWXUDFRQIRUPHDOODQRUPD(1,(&ತತ6WDQGDUG
WHFQLFR HXURSHRLQWHUQD]LRQDOH FKH GHILQLVFH L OLPLWL GL FRUUHQWH
DUPRQLFDSURGRWWDGDDSSDUHFFKLDWXUHFROOHJDWHDVLVWHPLSXEEOLFLD
EDVVDWHQVLRQHFRQFRUUHQWHGLHQWUDWD!$H”$SHUIDVH
,QVWUDGDPHQWR
&DYLSRVVLELOLDVHFRQGDGHOWLSRGLXQLWjHGHOOHRS]LRQLLQVWDOODWH
D
ƒ ,QWHUIDFFLDXWHQWH
%DVVDWHQVLRQH
ƒ 7HUPLVWRUHGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULDRS]LRQH
ƒ ,QSXWGLJLWDOLGHOFRQVXPRGLFRUUHQWHGDUHSHULUHLQORFR
ƒ 6HQVRUHWHPSHUDWXUDDPELHQWHHVWHUQDRS]LRQH
ƒ 6HQVRUHWHPSHUDWXUDDPELHQWHLQWHUQDRS]LRQH
ƒ &RQWDWRULGHOO
HQHUJLDHOHWWULFDGDUHSHULUHLQORFR
E
$OLPHQWD]LRQH
WHQVLRQH
ƒ &DYRGLLQWHUFRQQHVVLRQH
DG
DOWD ƒ $OLPHQWD]LRQHDWDULIIDN:KQRUPDOH
ƒ $OLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOH
ƒ $OLPHQWD]LRQHGHOULVFDOGDWRUHGLULVHUYD
ƒ $OLPHQWD]LRQHSHULOULVFDOGDWRUHSLDVWUDIRQGRRS]LRQH
ƒ $OLPHQWD]LRQHSHULOVXUULVFDOGDWRUHDOO
XQLWjLQWHUQD
ƒ $OLPHQWD]LRQHSHULOVXUULVFDOGDWRUHHSURWH]LRQHWHUPLFDGDOO
XQLWjLQWHUQD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
,QVWDOOD]LRQH
,QVWUDGDPHQWR
&DYLSRVVLELOLDVHFRQGDGHOWLSRGLXQLWjHGHOOHRS]LRQLLQVWDOODWH
F
ƒ &RQWDWWRGHOO
DOLPHQWD]LRQHSUHIHUHQ]LDOH
6HJQDOH GL FRQWUROOR DOWD ƒ &RQYHWWRUHFRQSRPSDGLFDORUHRS]LRQH
WHQVLRQH
ƒ 7HUPRVWDWRDPELHQWHRS]LRQH
ƒ 9DOYRODDYLH
ƒ 9DOYRODGLLQWHUFHWWD]LRQHGDUHSHULUHLQORFR
ƒ 3RPSDGHOO
DFTXDFDOGDVDQLWDULDGDUHSHULUHLQORFR
ƒ 8VFLWDDOODUPH
ƒ 3DVVDJJLRDOFRQWUROORGHOODIRQWHGLFDORUHHVWHUQD
ƒ &RQWUROORGHOIXQ]LRQDPHQWRGLULVFDOGDPHQWRUDIIUHGGDPHQWRDPELHQWH
)LVVDUH LO FDYR DJOL DSSRVLWL VXSSRUWL XWLOL]]DQGR OH IDVFHWWH SHU
JDUDQWLUHODUHVLVWHQ]DDOOHVROOHFLWD]LRQLHSHUHYLWDUHFKH121
HQWULLQFRQWDWWRFRQOHWXED]LRQLHJOLVSLJROLYLYL
,1)250$=,21,
,Q FDVR GL DOLPHQWD]LRQH FRQ WDULIID N:K SUHIHUHQ]LDOH OD
QHFHVVLWj GL VHSDUDUH O
DOLPHQWD]LRQH FRQ WDULIID N:K
QRUPDOH SHU O
XQLWj LQWHUQD E ;0 GLSHQGH GDO WLSR
GLDOLPHQWD]LRQHFRQWDULIIDN:KSUHIHUHQ]LDOH
$77(1=,21(
121VSLQJHUHQpSRVL]LRQDUHFDYLGLOXQJKH]]DHFFHVVLYD
QHOO
XQLWj
,OFROOHJDPHQWRVHSDUDWRFRQO
XQLWjLQWHUQDqULFKLHVWRQHL
VHJXHQWLFDVL
&ROOHJDPHQWRGHOO
DOLPHQWD]LRQH
SULQFLSDOH
ƒ VH O
DOLPHQWD]LRQH FRQ WDULIID N:K SUHIHUHQ]LDOH YLHQH
LQWHUURWWDTXDQGRDWWLYD23385(
ƒ VH QRQ q DPPHVVR DOFXQ FRQVXPR HOHWWULFR GHOO
XQLWj
LQWHUQD DOOD WDULIID N:K SUHIHUHQ]LDOH TXDQGR q DWWLYD
O
DOLPHQWD]LRQH
&ROOHJDUHO
DOLPHQWD]LRQHSULQFLSDOH
,QFDVRGLDOLPHQWD]LRQHDWDULIIDN:KQRUPDOH
X1A X19A
X5M
X6YB
X2M
30 31
$77(1=,21(
X6Y
X6YA
6H O
XQLWj LQWHUQD SUHVHQWD XQ VHUEDWRLR FRQ XQ
VXUULVFDOGDWRUH HOHWWULFR LQFRUSRUDWR XVDUH XQ FLUFXLWR GL
DOLPHQWD]LRQHGHGLFDWRSHULOULVFDOGDWRUHGLULVHUYDHSHULO
VXUULVFDOGDWRUH 121 DOLPHQWDUH 0$, O
DSSDUHFFKLR
DWWUDYHUVRXQFLUFXLWRGLDOLPHQWD]LRQHDFXLVRQRFROOHJDWH
DQFKHDOWUHXWHQ]H,OFLUFXLWRGLDOLPHQWD]LRQHGHYHHVVHUH
SURWHWWRPHGLDQWHLGLVSRVLWLYLGLVLFXUH]]DULFKLHVWLDLVHQVL
GHOODOHJLVOD]LRQHDSSOLFDELOH
X1M
a
/DFDSDFLWjGHOULVFDOGDWRUHGLULVHUYDSXzYDULDUHLQEDVHDOPRGHOOR
GHOO
XQLWj LQWHUQD $VVLFXUDUVL FKH O
DOLPHQWD]LRQH VLD FRQIRUPH DOOD
FDSDFLWj GHO ULVFDOGDWRUH GL ULVHUYD FRPH HOHQFDWR QHOOD WDEHOOD
VRWWR
123
123
/HJHQGDYHGHUHODILJXUDVRWWR
,QFDVRGLDOLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOH
X1A
X5M
X19A
X6Y
X6YB
3 4
X2M
30 31
X6YA
X1M
c
S1S
b
a
LN
123
LN
123
D &DYR GL LQWHUFRQQHVVLRQH DOLPHQWD]LRQH
SULQFLSDOH
E $OLPHQWD]LRQHDWDULIIDN:KQRUPDOH
F &RQWDWWRGHOO
DOLPHQWD]LRQHSUHIHUHQ]LDOH
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&ROOHJDPHQWRGHOO
DOLPHQWD]LRQHGHO
ULVFDOGDWRUHGLULVHUYD
7LSRGL
&DSDFLWj $OLPHQWD]LR &RUUHQWHGL
ULVFDOGDWRUH
GHO
QH
IXQ]LRQDPHQ
GLULVHUYD ULVFDOGDWRU
WRPDVVLPD
HGL
ULVHUYD
=PD[ȍ
9
N:
a9
$
:
N:
a9
$
²
²
N:
a9
$DE
N:
a9
$E
²
N:
1a9
$
²
N:
1a9
$
²
D $SSDUHFFKLDWXUD FRQIRUPH DOOD QRUPD (1,(& ತತ 6WDQGDUG
WHFQLFR HXURSHRLQWHUQD]LRQDOH FKH GHILQLVFH L OLPLWL GL FRUUHQWH
DUPRQLFD SURGRWWD GD DSSDUHFFKLDWXUH FROOHJDWH D VLVWHPL SXEEOLFL D
EDVVDWHQVLRQHFRQFRUUHQWHGLHQWUDWD!$H”$SHUIDVH
E 4XHVWD DSSDUHFFKLDWXUD q FRQIRUPH DOOD QRUPD (1,(& ತತ
6WDQGDUG WHFQLFR HXURSHRLQWHUQD]LRQDOH FKH GHILQLVFH L OLPLWL SHU OH
YDULD]LRQL OH IOXWWXD]LRQL GL WHQVLRQH H OR VIDUIDOOLR QHOOH UHWL GL
DOLPHQWD]LRQH SXEEOLFD D EDVVD WHQVLRQH SHU DSSDUHFFKLDWXUH FRQ
FRUUHQWH QRPLQDOH GL ” $ SXUFKp O
LPSHGHQ]D GHO VLVWHPD =V\V VLD
PLQRUH GL R XJXDOH D =PD[ DO SXQWR G
LQWHUIDFFLD WUD O
DOLPHQWD]LRQH
GHOO
XWHQWH H LO VLVWHPD SXEEOLFR Ê UHVSRQVDELOLWj GHOO
LQVWDOODWRUH R
GHOO
XWHQWH GHOO
DSSDUHFFKLDWXUD GL YHULILFDUH FRQVXOWDQGRVL FRQ
O
RSHUDWRUH GHOOD UHWH GL GLVWULEX]LRQH VH QHFHVVDULR FKH
O
DSSDUHFFKLDWXUD VLD FROOHJDWD HVFOXVLYDPHQWH DG XQ
DOLPHQWD]LRQH
FRQXQLPSHGHQ]DGHOVLVWHPD=V\VPLQRUHRXJXDOHD=PD[
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
,QVWDOOD]LRQH
&ROOHJDUHO
DOLPHQWD]LRQHGHOULVFDOGDWRUHGLULVHUYD
3HULPRGHOOL9XVDUHXQIXVLELOHDSRORVLQJRORSHU)%3HUL
PRGHOOL:XVDUHXQIXVLELOHDSRORGRSSLRSHU)%
7LSRGL
&ROOHJDPHQWLFRQ
ULVFDOGDWRUHGL
O
DOLPHQWD]LRQHGHO
ULVHUYDD
ULVFDOGDWRUHGLULVHUYD
F1B
N:a9
9
&ROOHJDPHQWLFRQL
WHUPLQDOL
&RPHLQGLFDWRQHOODWDEHOODVRSUDSHUFRQILJXUDUHXQULVFDOGDWRUHGL
ULVHUYD L FROOHJDPHQWL DL WHUPLQDOL ;0 H ;0 GHYRQR HVVHUH
PRGLILFDWL 9HGHUH OD ILJXUD VRWWR FKH VHJQDOD O
DWWHQ]LRQH GD
SUHVWDUHQHOPDQHJJLDUHLWHUPLQDOL
²
L N
F1B
N:a9
:
L
X6M
1 2 3 4
X7M
5 6 7 8
X6M
1 2 3 4
X7M
5 6 7 8
N
N:a9
:
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
&RQILJXUDUH O
LQWHUIDFFLD XWHQWH SHU OD ULVSHWWLYD DOLPHQWD]LRQH
9HGHUH 3URFHGXUD JXLGDWD UDSLGD 6WDQGDUG D
SDJLQD
N:a9
:
F1B
X6M
1 2 3 4
X7M
5 6 7 8
L1 L2 L3
'XUDQWH LO FROOHJDPHQWR GHO ULVFDOGDWRUH GL ULVHUYD q SRVVLELOH
FRPPHWWHUHHUURULQHLFROOHJDPHQWLHOHWWULFL3HUULOHYDUHXQSRVVLELOH
HUURUHGLFROOHJDPHQWRHOHWWULFRVLFRQVLJOLDYLYDPHQWHGLPLVXUDUHLO
YDORUHGHOODUHVLVWHQ]DGHJOLHOHPHQWLGHOULVFDOGDWRUH$VHFRQGDGHL
YDUL WLSL GL ULVFDOGDWRUL GL ULVHUYD VL GRYUDQQR PLVXUDUH L VHJXHQWL
YDORULGHOODUHVLVWHQ]DYHGHUHODWDEHOODVRWWR0LVXUDUH6(035(OD
UHVLVWHQ]DVXLPRUVHWWLGHOFRQWDWWRUH.0.0H.0
N:1a9
:
F1B
N:1a9
:
L1 L2 L3
X6M
1 2 3 4
X7M
5 6 7 8
D 3HU OD FRQILJXUD]LRQH GHO ULVFDOGDWRUH GL ULVHUYD YHGHUH
3URFHGXUDJXLGDWDUDSLGD6WDQGDUGDSDJLQD
2VVHUYD]LRQHVSHFLDOHSHULIXVLELOL
N:
N:
N:
N:
N:
a a a 1a 1a 9
9
9
9
9
.0
.0 ȍ
ȍ
ȍ
’
.0
’
’
’
ȍ ȍ
’
.0
’
’
’
ȍ ȍ
.0
.0
ȍ
ȍ
ȍ
ȍ ȍ
.0
.0 ’
ȍ
ȍ
’
’
.0
’
’
’
ȍ
ȍ
.0
’
’
’
ȍ
ȍ
.0
.0
ȍ
ȍ
ȍ
ȍ
ȍ
.0
.0
’
’
’
’
’
(VHPSLRGLPLVXUD]LRQHGHOODUHVLVWHQ]DWUD.0H.0
Ω
K1M
K2M
1 3 5 13
1 3 5 13
2 4 6 14
2 4 6 14
Ω
K5M
1 3 5 13
2 4 6 14
2VVHUYD]LRQHVSHFLDOHSHULWHUPLQDOL
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&ROOHJDPHQWRGHOO
LQWHUIDFFLDXWHQWH
&ROOHJDUHLOFDYRGHOO
LQWHUIDFFLDXWHQWHDOO
XQLWjLQWHUQD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
,QVWDOOD]LRQH
D $SULUH TXHVWR IRUR GL SDVVDJJLR SHU LO FDEODJJLR
WUDPLWHXQWURQFKHVLQRRXQDWWUH]]RDQDORJR
E )LVVDUHLOFDEODJJLRDOODSDUWHDQWHULRUHGHOO
LQYROXFUR
XVDQGRLOULWHJQRSHUFDEODJJLRHLOPRUVHWWR
12
X5M
X2M
5LPRQWDUH OD SLDVWUD IURQWDOH VXOOD SLDVWUD SHU LO ILVVDJJLR D
SDUHWH
127$
A2P
3UHVWDUHDWWHQ]LRQHD121SL]]LFDUHLOFDEODJJLRTXDQGRVL
ILVVDODSLDVWUDIURQWDOHDOO
XQLWj
A2P
3HUILVVDUHO
LQWHUIDFFLDXWHQWHDOODSDUHWHLQFDVR
GLLQVWDOOD]LRQHFRPHWHUPRVWDWRDPELHQWH
a
b
,QVHULUHXQFDFFLDYLWHQHOOHIHVVXUHVRWWRDOO
LQWHUIDFFLDXWHQWHH
VHSDUDUH FRQ FDXWHOD OD SLDVWUD IURQWDOH GDOOD SLDVWUD SHU LO
ILVVDJJLRDSDUHWH
D ,QWHUIDFFLDXWHQWHIRUQLWDLQVLHPHDOO
XQLWj
E ,QWHUIDFFLDXWHQWHRS]LRQDOH
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
3HUILVVDUHO
LQWHUIDFFLDXWHQWHVXOO
XQLWj
127$
,QVHULUHXQFDFFLDYLWHQHOOHIHVVXUHVRWWRDOO
LQWHUIDFFLDXWHQWHH
VHSDUDUH FRQ FDXWHOD OD SLDVWUD IURQWDOH GDOOD SLDVWUD SHU LO
ILVVDJJLRDSDUHWH
/D VFKHGD q PRQWDWD QHOOD SLDVWUD IURQWDOH GHOO
LQWHUIDFFLD
XWHQWH3UHVWDUHDWWHQ]LRQHD121GDQQHJJLDUOD
)LVVDUHODSLDVWUDSHULOILVVDJJLRDSDUHWHGHOO
LQWHUIDFFLDXWHQWH
DOODSDUHWH
&ROOHJDUHLILOLDOO
LQWHUIDFFLDXWHQWHFRPHLOOXVWUDWRVRWWR
'DOODSDUWHSRVWHULRUH
127$
/D VFKHGD q PRQWDWD QHOOD SLDVWUD IURQWDOH GHOO
LQWHUIDFFLD
XWHQWH3UHVWDUHDWWHQ]LRQHD121GDQQHJJLDUOD
)LVVDUHODSLDVWUDSHULOILVVDJJLRDSDUHWHGHOO
LQWHUIDFFLDXWHQWH
DOODSLDVWUDIURQWDOHGHOO
XQLWj
PCB
1x
a
b
'DVLQLVWUD
PCB
1x
a
127$
b
3UHVWDUHDWWHQ]LRQHD121GHIRUPDUHODVDJRPDGHOUHWUR
GHOO
LQWHUIDFFLD XWHQWH VHUUDQGR HFFHVVLYDPHQWH OH YLWL GL
PRQWDJJLR
'DOODSDUWHVXSHULRUH
7DJOLDUHYLDXQFRQGXWWRUHDILOL
&ROOHJDUHLILOLDOO
LQWHUIDFFLDXWHQWHFRPHLOOXVWUDWRVRWWR
a
b
'DOODSDUWHSRVWHULRUH
PCB
PCB
1x
1x
b
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
b
a
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
,QVWDOOD]LRQH
'DOODSDUWHFHQWUDOHVXSHULRUH
7 8 910
X5M
a
X2M
b
PCB
S2S S3S
1x
b
D $SULUH TXHVWR IRUR GL SDVVDJJLR SHU LO FDEODJJLR
WUDPLWHXQWURQFKHVLQRRXQDWWUH]]RDQDORJR
E )LVVDUHLOFDEODJJLRDOODSDUWHDQWHULRUHGHOO
LQYROXFUR
XVDQGRLOULWHJQRSHUFDEODJJLRHLOPRUVHWWR
5LPRQWDUH OD SLDVWUD IURQWDOH VXOOD SLDVWUD SHU LO ILVVDJJLR D
SDUHWH
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
&ROOHJDPHQWRGHOODSRPSDGHOO
DFTXD
FDOGDVDQLWDULD
&ROOHJDUH LO FDYR GHOOD SRPSD GHOO
DFTXD FDOGD VDQLWDULD DL
WHUPLQDOLDSSURSULDWLFRPHLOOXVWUDWRQHOODILJXUDVRWWR
34 35
X2M
127$
3UHVWDUHDWWHQ]LRQHD121SL]]LFDUHLOFDEODJJLRTXDQGRVL
ILVVDODSLDVWUDIURQWDOHDOO
XQLWj
&ROOHJDPHQWRGHOODYDOYRODGL
LQWHUFHWWD]LRQH
&ROOHJDUH LO FDYR GL FRQWUROOR GHOOD YDOYROD DL WHUPLQDOL
DSSURSULDWLFRPHLOOXVWUDWRQHOODILJXUDVRWWR
127$
M2P
,O FROOHJDPHQWR HOHWWULFR q GLYHUVR SHU XQD YDOYROD 1&
QRUPDOPHQWH FKLXVD H XQD YDOYROD 12 QRUPDOPHQWH
DSHUWD
NO
5
NC
67
567
X2M
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
X2M
M
1~
&ROOHJDPHQWRGHOO
XVFLWDDOODUPH
&ROOHJDUH LO FDYR GHOO
XVFLWD DOODUPH DL WHUPLQDOL DSSURSULDWL
FRPHLOOXVWUDWRQHOODILJXUDVRWWR
a
29
X2M
A4P
X1M
X1M
YC Y1 Y2 Y3 Y4
X1M
X1M
X2M
M2S
M2S
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
&ROOHJDPHQWRGHLFRQWDWRULGHOO
HQHUJLD
HOHWWULFD
D ÊQHFHVVDULDO
LQVWDOOD]LRQHGHOODVFKHGD(.53+%
,1)250$=,21,
,Q FDVR GL XQ FRQWDWRUH HOHWWULFR FRQ XVFLWD DWWUDYHUVR
WUDQVLVWRUFRQWUROODUHODSRODULWj/DSRODULWjSRVLWLYD'(9(
HVVHUH FROOHJDWD D ;0 H ;0 OD SRODULWj QHJDWLYD D
;0H;0
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
&ROOHJDPHQWRGHOO
XVFLWD$77,9$72
',6$77,9$72GHOUDIIUHGGDPHQWR
ULVFDOGDPHQWRDPELHQWH
&ROOHJDUH LO FDYR GL XVFLWD $77,9$72',6$77,9$72 GHO
UDIIUHGGDPHQWRULVFDOGDPHQWR DPELHQWH DL WHUPLQDOL DSSURSULDWL
FRPHLOOXVWUDWRQHOODILJXUDVRWWR
&ROOHJDUH LO FDYR GHL FRQWDWRUL GHOO
HQHUJLD HOHWWULFD DL WHUPLQDOL
DSSURSULDWLFRPHLOOXVWUDWRQHOODILJXUDVRWWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
a
)LQLWXUDGHOO
LQVWDOOD]LRQHGHOO
XQLWj
LQWHUQD
)LVVDJJLRGHOFRSHUFKLRGHOO
LQWHUIDFFLD
XWHQWHDOO
XQLWjLQWHUQD
29
X1M
A4P
YC Y1 Y2 Y3 Y4
X2M
X1M
X2M
$VVLFXUDUVL FKH LO SDQQHOOR DQWHULRUH VLD ULPRVVR GDOO
XQLWj
LQWHUQD9HGHUH$SHUWXUDGHOO
XQLWjLQWHUQDDSDJLQD
,QVHULUHLOFRSHUFKLRGHOO
LQWHUIDFFLDXWHQWHQHOOHFHUQLHUH
0RQWDUHLOSDQQHOORIURQWDOHVXOO
XQLWjLQWHUQD
D ÊQHFHVVDULDO
LQVWDOOD]LRQHGHOODVFKHGD(.53+%
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
&ROOHJDPHQWRGHOODFRPPXWD]LRQHDOOD
IRQWHGLFDORUHHVWHUQD
&ROOHJDUHODFRPPXWD]LRQHDOFDYRGHOODIRQWHGLFDORUHHVWHUQD
DLWHUPLQDOLDSSURSULDWLFRPHLOOXVWUDWRQHOODILJXUDVRWWR
a
X1M
X1M
A4P
X2M
X1 X2 X3 X4
&KLXVXUDGHOO
XQLWjLQWHUQD
&KLXGHUHLOFRSHUFKLRGHOTXDGURHOHWWULFR
5LPRQWDUHLOSDQQHOORDQWHULRUH
127$
1HOFKLXGHUHLOFRSHUFKLRGHOO
XQLWjLQWHUQDDVVLFXUDUVLFKH
ODFRSSLDGLVHUUDJJLR121VXSHULLOYDORUHGL1‡P
LN
D ÊQHFHVVDULDO
LQVWDOOD]LRQHGHOODVFKHGD(.53+%
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
&ROOHJDPHQWRGHJOLLQSXWGLJLWDOLSHULO
FRQVXPRGLFRUUHQWH
&ROOHJDUHLOFDYRGHJOL LQSXW GLJLWDOL GHO FRQVXPR GL FRUUHQWHDL
WHUPLQDOLDSSURSULDWLFRPHLOOXVWUDWRQHOODILJXUDVRWWR
&RQILJXUD]LRQH
3DQRUDPLFD&RQILJXUD]LRQH
6H LO VLVWHPD 121 YLHQH FRQILJXUDWR FRUUHWWDPHQWH SRWUHEEH 121
IXQ]LRQDUH FRPH SUHYLVWR Ê SRVVLELOH FRQILJXUDUH LO VLVWHPD
DWWUDYHUVRO
LQWHUIDFFLDXWHQWH
a
X801M
1 23 4 5
X2M
4XDQGR VL DWWLYD O
LQWHUIDFFLD XWHQWH SHU OD SULPD YROWD DWWUDYHUVR
O
XQLWj LQWHUQD SDUWH XQD SURFHGXUD JXLGDWD UDSLGD FKH DLXWD D
FRQILJXUDUH LO VLVWHPD 6H QHFHVVDULR q SRVVLELOH DSSRUWDUH GHOOH
PRGLILFKHDOODFRQILJXUD]LRQHDQFKHLQVHJXLWR
A8P
X1M
/
LQVWDOODWRUHSXzSUHSDUDUHODFRQILJXUD]LRQHVX3&SULPDGLUHFDUVL
VXO OXRJR G
LQVWDOOD]LRQH H VXFFHVVLYDPHQWH FDULFDUH OD
FRQILJXUD]LRQH QHO VLVWHPD WUDPLWH LO FRQILJXUDWRUH GHO 3& 9HGHUH
&ROOHJDPHQWR GHO FDYR GHO 3& DO TXDGUR HOHWWULFR D
SDJLQDSHUDYHUHPDJJLRULLQIRUPD]LRQLVXOFROOHJDPHQWR
S6S
S7S
S8S
S9S
D Ê QHFHVVDULD
(.53$+7$
/DFRQILJXUD]LRQHLQIOXLVFHVXTXDQWRVHJXH
O
LQVWDOOD]LRQH
GHOOD
VFKHGD
)LVVDUHLOFDYRDJOLDSSRVLWLVXSSRUWLXWLOL]]DQGROHIDVFHWWH
ƒ ,FDOFROLGHOVRIWZDUH
ƒ &LzFKHVLSXzYHGHUHVXHIDUHFRQO
LQWHUIDFFLDXWHQWH
/HJHQGDSHUOHWDEHOOHGHOOHLPSRVWD]LRQL
ƒ %UHDGFUXPEQHOODVWUXWWXUDGHOPHQX
ƒ &RGLFH&RGLFHQHOODSDQRUDPLFDLPSRVWD]LRQL
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
6H YHQJRQR PRGLILFDWH OH LPSRVWD]LRQL LQVWDOODWRUH LO VLVWHPD
FKLHGHUj XQD FRQIHUPD &RPSOHWDWD OD FRQIHUPD OR VFKHUPR VL
VSHJQHUjSHUXQEUHYHLVWDQWHHDSSDULUjSHUDOFXQLVHFRQGLODVFULWWD
EXV\RFFXSDWR
'DOOD VWUXWWXUD GHO PHQX q SRVVLELOH DFFHGHUH DOOH LPSRVWD]LRQL
G
LQVWDOOD]LRQH XWLOL]]DWH SL FRPXQHPHQWH /D ORUR XELFD]LRQH q
PHQ]LRQDWD GDOO
LQGLFD]LRQH EUHDGFUXPE ,QROWUH WXWWH OH
LPSRVWD]LRQL LQVWDOODWRUH VRQR UHSHULELOL DQFKH LQ 6WUXWWXUD GHL
PHQX3DQRUDPLFDGHOOHLPSRVWD]LRQLLQVWDOODWRUHDSDJLQD
3HU DFFHGHUH DL FRGLFL LPSRVWD]LRQH YHGHUH $FFHVVR DOOH
LPSRVWD]LRQLLQVWDOODWRUHDSDJLQD
$WWUDYHUVR OD VWUXWWXUD GHO PHQX QRQ WXWWH OH LPSRVWD]LRQL VRQR
DFFHVVLELOL $OFXQH VRQR DFFHVVLELOL VROR DWWUDYHUVR LO ORUR FRGLFH
4XLQGLQHOODWDEHOODLOOXVWUDWDVRWWRODEUHDGFUXPEqLPSRVWDWDFRPH
1$QRQDSSOLFDELOH
&ROOHJDPHQWRGHOFDYRGHO3&DOTXDGUR
HOHWWULFR
&ROOHJDUHLOFDYRWUDPLWHODFRQQHVVLRQH86%DOSURSULR3&
&ROOHJDUHODVSLQDGHOFDYRD;$VX$3GHOTXDGURHOHWWULFR
GHOO
XQLWjLQWHUQD
A1P
5LVXOWDWR$SSDULUj VXOOHSDJLQHLQL]LDOL
3HUSDVVDUHGDXQOLYHOORDXWRUL]]D]LRQHXWHQWH
DOO
DOWURXWHQWHILQDOHHXWHQWHILQDOHDYDQ]DWR
$QGDUHD>@RVXXQRGHLVXRLVRWWRPHQX
3UHPHUH
!,QIRUPD]LRQL
SHUSLGLVHFRQGL
5LVXOWDWR,OOLYHOORDXWRUL]]D]LRQHXWHQWHSDVVDD8WHQILQDY
6RQR YLVXDOL]]DWH GHOOH LQIRUPD]LRQL DJJLXQWLYH H LO VHJQR ³´
YLHQHDJJLXQWRDOWLWRORGHOPHQX
6H121VLSUHPHDOFXQSXOVDQWHSHUSLGLRUDRVHVLSUHPH
SHUSLGLVHFRQGLLOOLYHOORDXWRUL]]D]LRQHXWHQWH
GLQXRYR
WRUQDD8WHQWHILQDOH
&RSLDGHOOHLPSRVWD]LRQLGHOVLVWHPDGDOOD
SULPDDOODVHFRQGDLQWHUIDFFLDXWHQWH
6H q FROOHJDWD XQ
LQWHUIDFFLD XWHQWH RS]LRQDOH O
LQVWDOODWRUH GHYH
DWWHQHUVL LQQDQ]LWXWWR DOOH LVWUX]LRQL VRWWR SHU XQD FRUUHWWD
FRQILJXUD]LRQHGHOOHGXHLQWHUIDFFHXWHQWH
X10A
6H121VLSUHPHDOFXQSXOVDQWHSHUSLGLRUDRVHVLSUHPH
SHUSLGLVHFRQGLLOOLYHOORDXWRUL]]D]LRQH
GLQXRYR
LQVWDOODWRUHWRUQDD8WHQWHILQDOH
4XDQGR VL DFFHQGH O
DSSDUHFFKLDWXUD SHU OD SULPD YROWD VX
HQWUDPEHOHLQWHUIDFFHXWHQWHDSSDUH
0DU 8LQGLUDXWR
3UHPLVHFSHUFRQW
3UHVWDUHSDUWLFRODUHDWWHQ]LRQHDOODSRVL]LRQHGHOODVSLQD
3UHPHUH
SHUVHFVXOO
LQWHUIDFFLDXWHQWHSHUODTXDOHVL
GHVLGHUDDYYLDUHODSURFHGXUDJXLGDWDUDSLGD
H JST
,1)250$=,21,
2
3
4
'XUDQWH OD SURFHGXUD JXLGDWD UDSLGD VXOOD VHFRQGD
LQWHUIDFFLD XWHQWH DSSDUH 2FFXSDWR H QRQ VDUj SRVVLELOH
HIIHWWXDUHDOFXQLQWHUYHQWR
5
/DSURFHGXUDJXLGDWDUDSLGDRIIULUjOHLVWUX]LRQLSDVVRSDVVR
3HULOFRUUHWWRIXQ]LRQDPHQWRGHOVLVWHPDLGDWLORFDOLGHOOHGXH
LQWHUIDFFH XWHQWH GHYRQR HVVHUH LGHQWLFL ,Q FDVR FRQWUDULR VX
HQWUDPEHOHLQWHUIDFFHXWHQWHDSSDULUj
6LQFURQL]]D]LRQH
5LOHYDWDGLIIHUHQ]DGDWL
6HOH]LRQDD]LRQH
,QYLDGDWL
$FFHVVRDLFRPDQGLSLXWLOL]]DWL
&RQIHUPD
$FFHVVRDOOHLPSRVWD]LRQLLQVWDOODWRUH
,PSRVWDUHLOOLYHOORDXWRUL]]D]LRQHXWHQWHVX,QVWDOODWRUH
$QGDUHD>$@
$FFHVVRDOODSDQRUDPLFDLPSRVWD]LRQL
,PSRVWDUHLOOLYHOORDXWRUL]]D]LRQHXWHQWHVX,QVWDOODWRUH
$QGDUHD>$@
LPSRVWD]LRQL
!,PSRVWD]LRQLLQVWDOODWRUH!3DQRUDPLFD
6HOH]LRQDUHO
D]LRQHULFKLHVWD
ƒ ,QYLDGDWLO
LQWHUIDFFLDXWHQWHFKHVLVWDXWLOL]]DQGRFRQWLHQHL
GDWL FRUUHWWL H L GDWL GHOO
DOWUD LQWHUIDFFLD XWHQWH YHUUDQQR
VRYUDVFULWWL
ƒ 5LFHYL GDWL O
LQWHUIDFFLD XWHQWH FKH VL VWD XWLOL]]DQGR QRQ
FRQWLHQH L GDWL FRUUHWWL H L GDWL GHOO
DOWUD LQWHUIDFFLD XWHQWH
YHUUDQQRXWLOL]]DWLSHUVRYUDVFULYHUHLSULPL
!,PSRVWD]LRQLLQVWDOODWRUH
5HJROD]LRQH
/
LQWHUIDFFLD XWHQWH FKLHGH FRQIHUPD VH VL q VLFXUL GL YROHU
SURFHGHUH
,PSRVWD]LRQHGHOOLYHOORDXWRUL]]D]LRQHXWHQWHVX
,QVWDOODWRUH
$QGDUHD>@
XWHQWH
3UHPHUH
!,QIRUPD]LRQL!/LYHOORDXWRUL]]D]LRQH
SHUSLGLVHFRQGL
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
$YYLDFRSLD
6LGHVLGHUDYHUDPHQWHDYYLDUH
RSHUD]LRQHGLFRSLD"
2.
$QQXOOD
&RQIHUPD
5HJROD]LRQH
&RQIHUPDUHODVHOH]LRQHVXOORVFKHUPRSUHPHQGR
HWXWWLL
GDWL OLQJXH SURJUDPPL HFF VDUDQQR VLQFURQL]]DWL
GDOO
LQWHUIDFFLDXWHQWHVRUJHQWHVHOH]LRQDWDDOO
DOWUD
,1)250$=,21,
ƒ 'XUDQWH OD FRSLD HQWUDPEL L VLVWHPL GL FRPDQGR
YLVXDOL]]HUDQQR2FFXSDWRHQRQVDUjSRVVLELOHHVHJXLUH
DOFXQ LQWHUYHQWR 1RQ VSHJQHUH Qp VFROOHJDUH
O
LQWHUIDFFLDXWHQWH
ƒ /
RSHUD]LRQH GL FRSLD SRWUHEEH ULFKLHGHUH ILQR D PLQXWL
,O VLVWHPD RUD q LPSRVWDWR SHU HVVHUH XWLOL]]DWR WUDPLWH OH GXH
LQWHUIDFFHXWHQWH
$ /D\RXWVLVWHPD
6WDQGDUG
2S]LRQL
&DSDFLW¢
&RQIHUPDOD\RXW
3URFHGXUDJXLGDWDUDSLGD,PSRVWD]LRQH
GHOOD\RXWVLVWHPDGRSRODSULPD
$77,9$=,21(
'RSR OD SULPD $77,9$=,21( GHO VLVWHPD OD SURFHGXUD JXLGDWD
PRVWUD DOO
XWHQWH FRPH HVHJXLUH OH LPSRVWD]LRQL LQL]LDOL WUDPLWH
O
LQWHUIDFFLDXWHQWH
6HOH]LRQH
6FRUULPHQWR
&RQIHUPDUHSUHPHQGR
&RQIHUPDOD\RXW
&RQIHUPDUHOD\RXWVLVWHPD
,OVLVWHPDULSDUWLU¢HVDU¢
SURQWRSHULOSULPR
DYYLR
2.
$QQXOOD
&RQIHUPD
5HJROD]LRQH
/
LQWHUIDFFLD XWHQWH VL ULLQL]LDOL]]D H VL SXz SURFHGHUH FRQ
O
LQVWDOOD]LRQH LPSRVWDQGR OH DOWUH LPSRVWD]LRQL DSSOLFDELOL H
SURFHGHQGRFRQODPHVVDLQIXQ]LRQHGHOVLVWHPD
6H YHQJRQR PRGLILFDWH OH LPSRVWD]LRQL LQVWDOODWRUH LO VLVWHPD
FKLHGHUj XQD FRQIHUPD &RPSOHWDWD OD FRQIHUPD OR VFKHUPR VL
VSHJQHUjSHUXQEUHYHLVWDQWHHDSSDULUjSHUDOFXQLVHFRQGLODVFULWWD
EXV\RFFXSDWR
&RQILJXUD]LRQHEDVH
3URFHGXUDJXLGDWDUDSLGD/LQJXDRUDH
GDWD
ƒ OLQJXD
ƒ GDWD
&RGLFH
'HVFUL]LRQH
ƒ RUD
>$@
1$
/LQJXD
ƒ OD\RXWVLVWHPD
>@
1$
2UDHGDWD
&RQIHUPDQGRLOOD\RXWVLVWHPDVLSXzSURFHGHUHFRQO
LQVWDOOD]LRQHH
ODPHVVDLQIXQ]LRQHGHOVLVWHPD
$OO
$77,9$=,21(ODSURFHGXUDJXLGDWDUDSLGDVLDYYLDSXUFKpLO
OD\RXWVLVWHPD121VLDDQFRUDVWDWRFRQIHUPDWRLPSRVWDQGROD
OLQJXD
&RQILJXUD]LRQHGHOULVFDOGDWRUHGLULVHUYDVRORSHUPRGHOOR
:
,O ULVFDOGDWRUH GL ULVHUYD GL XQ PRGHOOR : q DGDWWR DG HVVHUH
FROOHJDWR DOOH SL FRPXQL UHWL HOHWWULFKH HXURSHH 2OWUH DOOD
FRQILJXUD]LRQHKDUGZDUHVXOO
LQWHUIDFFLDXWHQWHELVRJQDLPSRVWDUHLO
WLSRGLULVFDOGDWRUHGLULVHUYD
/LQJXD
6HOH]LRQDOLQJXDGHVLGHUDWD
&RQIHUPD
3URFHGXUDJXLGDWDUDSLGD6WDQGDUG
5
5HJROD]LRQH
>$@
&RGLFH
>'@
'HVFUL]LRQH
7LSR5LVF5LV
ƒ 3N:a9:
,PSRVWDUHODGDWDHO
RUDFRUUHQWL
ƒ 31N:1a9:
'DWD
4XDOªODGDWDGLRJJL"
ƒ 31 N: 1a 9
:
'RP *HQ &RQIHUPD
5HJROD]LRQH
H
ƒ 3N:a9:
6FRUULPHQWR
2UD
&KHRUDªDGHVVR"
,PSRVWD]LRQLGHOULVFDOGDPHQWRUDIIUHGGDPHQWRDPELHQWH
,O VLVWHPD SXz ULVFDOGDUH R UDIIUHGGDUH XQ DPELHQWH $ VHFRQGD GHO
WLSRGLDSSOLFD]LRQHOHLPSRVWD]LRQLGLULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWHGHEERQRHVVHUHIDWWHGLFRQVHJXHQ]D
&RQIHUPD
5HJROD]LRQH
H
6FRUULPHQWR
'HILQLUH OH LPSRVWD]LRQL GHO OD\RXW VLVWHPD 6WDQGDUG 2S]LRQL
&DSDFLWj 3HU PDJJLRUL GHWWDJOL YHGHUH &RQILJXUD]LRQH
EDVHDSDJLQD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
>$@
&RGLFH
>&@
'HVFUL]LRQH
0HW&RQWUROOR
>$@
ƒ &RQWU 7PDQ ,O IXQ]LRQDPHQWR
GHOO
XQLWj q GHFLVR LQ EDVH DOOD
WHPSHUDWXUD
PDQXDOH
LQGLSHQGHQWHPHQWH GDOOD WHPSHUDWXUD
DPELHQWHHIIHWWLYDHRGDOODULFKLHVWDGL
ULVFDOGDPHQWR
R
UDIIUHGGDPHQWR
GHOO
DPELHQWH
ƒ &RQWU 7$ HVW ,O IXQ]LRQDPHQWR
GHOO
XQLWj q GHFLVR GDO WHUPRVWDWR
HVWHUQR R HTXLYDOHQWH SHU HVHPSLR LO
FRQYHWWRUHGHOODSRPSDGLFDORUH
&RGLFH
>@
'HVFUL]LRQH
,OVLVWHPDSXzHURJDUHDFTXDLQXVFLWDDG
XQPDVVLPRGL]RQHGLWHPSHUDWXUD
DFTXD'XUDQWHODFRQILJXUD]LRQHVL
GHYHFRQILJXUDUHLOQXPHURGL]RQH
G
DFTXD
1XPHURGL]RQH7PDQ
ƒ ]RQD 7PDQLPSRVWD]LRQH
SUHGHILQLWD 6ROR ]RQD WHPSHUDWXUD
DFTXD LQ XVFLWD 4XHVWD ]RQD q GHWWD
]RQD GL WHPSHUDWXUD DFTXD LQ XVFLWD
SULQFLSDOH
ƒ &RQWU 7$ ,O IXQ]LRQDPHQWR
GHOO
XQLWj YLHQH GHFLVR LQ EDVH DOOD
WHPSHUDWXUD DPELHQWH GHOO
LQWHUIDFFLD
XWHQWH
>$%@
1$
6RORVHYLVRQRLQWHUIDFFHXWHQWH
LQVWDOODWDQHOO
DPELHQWHLQVWDOODWD
VXOO
XQLWjLQWHUQD
a
ƒ D=RQD7PDQSULQFLSDOH
a
b
ƒ D6XOO
XQLWj
ƒ E 1HOO
DPELHQWH FRPH WHUPRVWDWR
DPELHQWH
8ELFLQWHUIXWHQWH
ƒ 3UHVVR XQLWj O
DOWUD LQWHUIDFFLD XWHQWH
YLHQH DXWRPDWLFDPHQWH LPSRVWDWD VX
1HOO
DPELHQWH H VH q VHOH]LRQDWR LO
FRQWUROOR
7$
IXQ]LRQD
FRPH
WHUPRVWDWRDPELHQWH
ƒ ]RQH 7PDQ ]RQH GL
WHPSHUDWXUD DFTXD LQ XVFLWD /D ]RQD
FRQODWHPSHUDWXUDDFTXDLQXVFLWDSL
EDVVD QHO ULVFDOGDPHQWR q FKLDPDWD
]RQD GL WHPSHUDWXUD DFTXD LQ XVFLWD
SULQFLSDOH/D]RQDFRQODWHPSHUDWXUD
DFTXD LQ XVFLWD SL DOWD QHO
ULVFDOGDPHQWR q FKLDPDWD ]RQD GL
WHPSHUDWXUD
DFTXD
LQ
XVFLWD
DJJLXQWLYD ,Q SUDWLFD OD ]RQD GL
WHPSHUDWXUDDFTXDLQXVFLWDSULQFLSDOH
q FRPSRVWD GDL WUDVPHWWLWRUL GL FDORUH
FRQLOFDULFRSLDOWRHXQDVWD]LRQHGL
PLVFHOD]LRQH
q
LQVWDOODWD
SHU
UDJJLXQJHUH OD WHPSHUDWXUD PDQXDOH
ULFKLHVWD
a
ƒ 1HOO
DPELHQWHLPSRVWD]LRQH
SUHGHILQLWD O
DOWUD LQWHUIDFFLD XWHQWH
YLHQH DXWRPDWLFDPHQWH LPSRVWDWD VX
3UHVVR XQLWj H VH q VHOH]LRQDWR LO
FRQWUROOR
7$
IXQ]LRQD
FRPH
WHUPRVWDWRDPELHQWH
b
ƒ D=RQD7PDQDJJLXQWLYD
ƒ E=RQD7PDQSULQFLSDOH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
>$@
&RGLFH
>)'@
'HVFUL]LRQH
&RGLFH
4XDQGRLOFRQWUROORGHOULVFDOGDPHQWR
UDIIUHGGDPHQWRDPELHQWHYLHQH
',6$77,9$72GDOO
LQWHUIDFFLDXWHQWHOD
SRPSDqVHPSUH',6$77,9$7$
4XDQGRLOFRQWUROORGHOULVFDOGDPHQWR
UDIIUHGGDPHQWRDPELHQWHq$WWLYDWRq
SRVVLELOHVHOH]LRQDUHLOPRGRGL
IXQ]LRQDPHQWRSRPSDGHVLGHUDWR
DSSOLFDELOHVROWDQWRGXUDQWHLO
ULVFDOGDPHQWRUDIIUHGGDPHQWR
d
c
e
b
ƒ &RQWLQXR )XQ]LRQDPHQWR SRPSD
FRQWLQXR LQGLSHQGHQWHPHQWH GDOOD
FRQGL]LRQH
$77,9$72
R
',6$77,9$72
GHO
WHUPRVWDWR
2VVHUYD]LRQH SHU LO IXQ]LRQDPHQWR
SRPSD FRQWLQXR q QHFHVVDULD SL
HQHUJLD GHO IXQ]LRQDPHQWR SRPSD
FDPSLRQHRVXULFKLHVWD
a
b
c
c
ƒ E',6$77,9$72
ƒ F$77,9$72
ƒ G
5LFKLHVWD
ULVFDOGDPHQWR
PHGLDQWH
WHUPRVWDWR
UHPRWR
HVWHUQRRWHUPRVWDWRDPELHQWH
ƒ H)XQ]LRQDPHQWRSRPSD
c
d
b
ƒ D &RQWUROOR GHO ULVFDOGDPHQWR
UDIIUHGGDPHQWR
DPELHQWH
LQWHUIDFFLDXWHQWH
0RGRGLIXQ]SRPSD
b
'HVFUL]LRQH
ULFKLHVWD 121 q GLVSRQLELOH QHO
FRQWUROORWHPSHUDWXUDPDQXDOH
a
b
c
3URFHGXUDJXLGDWDUDSLGD2S]LRQL
,PSRVWD]LRQLGHOO
DFTXDFDOGDVDQLWDULD
ƒ D &RQWUROOR GHO ULVFDOGDPHQWR
UDIIUHGGDPHQWR
DPELHQWH
LQWHUIDFFLDXWHQWH
4XHVWRFDSLWRORVLDSSOLFDVRORDLVLVWHPLFRQXQVHUEDWRLRGHOO
DFTXD
FDOGDVDQLWDULDLQVWDOODWR
ƒ E',6$77,9$72
ƒ 5+%+; q GLVSRQLELOH XQ VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD
RS]LRQDOH
ƒ F$77,9$72
ƒ G)XQ]LRQDPHQWRSRPSD
ƒ &DPSLRQHLPSRVWD]LRQH
SUHGHILQLWD /D SRPSD q $77,9$7$
,QFDVRGLULFKLHVWDGLULVFDOGDPHQWRR
UDIIUHGGDPHQWR SHUFKp OD WHPSHUDWXUD
PDQXDOH QRQ KD UDJJLXQWR DQFRUD OD
WHPSHUDWXUD GHVLGHUDWD 4XDQGR VL
YHULILFD OD FRQGL]LRQH GL WHUPRVWDWR
',6$77,9$72 OD SRPSD IXQ]LRQD
RJQL PLQXWL SHU FRQWUROODUH OD
WHPSHUDWXUD GHOO
DFTXD H ULFKLHGHUH LO
ULVFDOGDPHQWR R LO UDIIUHGGDPHQWR VH
QHFHVVDULR2VVHUYD]LRQH,OFDPSLRQH
121 q GLVSRQLELOH FRQ LO FRQWUROOR
WHUPRVWDWR DPELHQWH HVWHVR R FRQ LO
FRQWUROORWHUPRVWDWRDPELHQWH
a
b
c
d
g
b
e
f
ƒ 5+9+; XQ VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD q LQVWDOODWR GL
VHULHQHOO
XQLWjLQWHUQD
6LGRYUDQQRHIIHWWXDUHGLFRQVHJXHQ]DOHLPSRVWD]LRQLVHJXHQWL
>$@
&RGLFH
>(@
'HVFUL]LRQH
)XQ]LRQDP$&6
ƒ 1R 121 LQVWDOODWR &RQGL]LRQH
SUHGHILQLWDSHU5+%+;
ƒ 6u
,QVWDOODWR
&RQGL]LRQH
SUHGHILQLWD
SHU
5+9+;
2VVHUYD]LRQH 3HU 5+9+; LO
VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD q
LQVWDOODWRFRPHFRQGL]LRQHSUHGHILQLWD
121PRGLILFDUHTXHVWDLPSRVWD]LRQH
>$@
>(@
'XUDQWHODSUHSDUD]LRQHGHOO
DFTXDFDOGD
VDQLWDULDODSRPSDGLFDORUHSXzHVVHUH
DVVLVWLWDGDXQULVFDOGDWRUHHOHWWULFRSHU
DVVLFXUDUHODSUHSDUD]LRQHGHOO
DFTXD
FDOGDVDQLWDULDDQFKHLQFDVRGLDOWH
WHPSHUDWXUHGHVLGHUDWHGHOVHUEDWRLR
5LVFVHUE$&6
c
ƒ D &RQWUROOR GHO ULVFDOGDPHQWR
UDIIUHGGDPHQWR
DPELHQWH
LQWHUIDFFLDXWHQWH
ƒ E',6$77,9$72
ƒ F$77,9$72
ƒ 6XUULVF RUL]] ,QVWDOODWR VXO ILDQFR
GHO VHUEDWRLR &RQGL]LRQH SUHGHILQLWD
SHU5+%+;
ƒ 5LVF
ULVHUYD
&RQGL]LRQH
SUHGHILQLWDSHU5+9+;,OULVFDOGDWRUH
GL ULVHUYD YHUUj DQFKH XWLOL]]DWR QHO
ULVFDOGDPHQWR
GHOO
DFTXD
FDOGD
VDQLWDULD
ƒ G7HPSHUDWXUD7PDQ
ƒ H(IIHWWLYD
ƒ I'HVLGHUDWD
ƒ J)XQ]LRQDPHQWRSRPSD
ƒ 5LFKLHVWD )XQ]LRQDPHQWR GHOOD
SRPSDLQEDVHDOODULFKLHVWD(VHPSLR
/
XVR GL XQ WHUPRVWDWR DPELHQWH FUHD
XQD
FRQGL]LRQH
$77,9$72
',6$77,9$72GHOWHUPRVWDWR6HQRQ
q SUHVHQWH WDOH ULFKLHVWD OD SRPSD q
',6$77,9$7$ 2VVHUYD]LRQH /D
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
&RGLFH
>$$@
>'@
'HVFUL]LRQH
>$@
/
XQLWjLQWHUQDRIIUHODSRVVLELOLWjGL
FROOHJDUVLDGXQDSRPSDGHOO
DFTXD
FDOGDVDQLWDULDIRUQLWDLQORFRWLSR
$WWLYDWD',6$77,9$7$$VHFRQGD
GHOO
LQVWDOOD]LRQHHFRQILJXUD]LRQH
VXOO
LQWHUIDFFLDXWHQWHIDFFLDPRGHOOH
GLVWLQ]LRQLWUDOHVXHIXQ]LRQDOLWj
&RGLFH
>&@
1HO FRQWUROOR GHO WHUPRVWDWR DPELHQWH
HVWHUQR VL GHYH LPSRVWDUH LO WLSR GL
FRQWDWWR GHO WHUPRVWDWR DPELHQWH
RS]LRQDOH R GHO FRQYHWWRUH GHOOD SRPSD
GL FDORUH SHU OD ]RQD GL WHPSHUDWXUD
DFTXD LQ XVFLWD SULQFLSDOH 9HGHUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQHD
SDJLQD
3RPSD$&6
ƒ 1RLPSRVWD]LRQHSUHGHILQLWD121
LQVWDOODWR
ƒ ) WHUP 212)) ,O WHUPRVWDWR
DPELHQWH HVWHUQR FROOHJDWR R LO
FRQYHWWRUHGHOODSRPSDGLFDORUHLQYLD
OD ULFKLHVWD GL ULVFDOGDPHQWR R
UDIIUHGGDPHQWR SHU PH]]R GHOOR
VWHVVRVHJQDOHGDWRFKHqFROOHJDWRD
VROWDQWR LQJUHVVR GLJLWDOH ULVHUYDWR
SHU OD ]RQD GL WHPSHUDWXUD DFTXD LQ
XVFLWD SULQFLSDOH VXOO
XQLWj LQWHUQD
;0 6HOH]LRQDUH TXHVWR YDORUH LQ
FDVR GL XQ FROOHJDPHQWR FRQ LO
FRQYHWWRUH GHOOD SRPSD GL FDORUH
5):;9
ƒ 5LWRUQR VHF ,QVWDOODWR SHU DFTXD
FDOGD LVWDQWDQHD TXDQGR VL DSUH LO
UXELQHWWR /
XWHQWH ILQDOH LPSRVWD OD
WHPSLVWLFD GL IXQ]LRQDPHQWR WHPSR
GHO SURJUDPPD VHWWLPDQDOH GHOOD
SRPSD GHOO
DFTXD FDOGD VDQLWDULD
TXDQGR GRYUHEEH IXQ]LRQDUH ,O
FRQWUROOR GL TXHVWD SRPSD SXz HVVHUH
IDWWRDWWUDYHUVRO
XQLWjLQWHUQD
ƒ 6KXQW GLVLQIH] ,QVWDOODWD SHU OD
GLVLQIH]LRQH (VVD IXQ]LRQD TXDQGR q
DWWLYD OD IXQ]LRQH GL GLVLQIH]LRQH GHO
VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD
1RQ
VRQR
ULFKLHVWH
XOWHULRUL
LPSRVWD]LRQL
ƒ 5LFK
UDIIULVFLPSRVWD]LRQH
SUHGHILQLWD ,O WHUPRVWDWR DPELHQWH
HVWHUQR FROOHJDWR LQYLD XQD ULFKLHVWD
VHSDUDWD
GL
ULVFDOGDPHQWR
H
UDIIUHGGDPHQWR H SHUWDQWR q FROOHJDWR
DL LQJUHVVL GLJLWDOL ULVHUYDWL SHU OD
]RQD GL WHPSHUDWXUD DFTXD LQ XVFLWD
SULQFLSDOH VXOO
XQLWj LQWHUQD ;0 H
6HOH]LRQDUH TXHVWR YDORUH LQ FDVR
GL FROOHJDPHQWR FRQ LO WHUPRVWDWR
DPELHQWH 5.57:$ FDEODWR RSSXUH
FRQ LO WHUPRVWDWR DPELHQWH 5.575
ZLUHOHVV
9HGHUHDQFKHOHILJXUHVRWWR
3RPSDGHOO
DFTXDFDOGDVDQLWDULDLQVWDOODWDSHU
$FTXDFDOGDLVWDQWDQHD
'LVLQIH]LRQH
c
a
f
c
a
d
f
e
g
b
b
g
>$@
D
E
F
G
H
I
J
'HVFUL]LRQH
7LSRFRQWSULQ
>&@
7LSRFRQWDJJ
1HO FRQWUROOR GHO WHUPRVWDWR DPELHQWH
HVWHUQRFRQ]RQHGLWHPSHUDWXUDDFTXD
LQ XVFLWD VL GHYH LPSRVWDUH LO WLSR GL
WHUPRVWDWR DPELHQWH RS]LRQDOH SHU OD
]RQD GL WHPSHUDWXUD DFTXD LQ XVFLWD
DJJLXQWLYD 9HGHUH /LQHH JXLGD
UHODWLYHDOO
DSSOLFD]LRQHDSDJLQD
8QLWjLQWHUQD
6HUEDWRLR
3RPSDGHOO
DFTXDFDOGDVDQLWDULD
(OHPHQWRULVFDOGDWRUH
9DOYRODGLULWHJQR
'RFFLD
$FTXDIUHGGD
ƒ ) WHUP 212)) 9HGHUH 7LSR
FRQW SULQ &ROOHJDWR DOO
XQLWj LQWHUQD
;0D
7HUPRVWDWLHVHQVRULHVWHUQL
9HGHUH/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQHDSDJLQD
ƒ 5LFK
UDIIULVFLPSRVWD]LRQH
SUHGHILQLWD 9HGHUH 7LSR FRQW SULQ
&ROOHJDWR DOO
XQLWj LQWHUQD ;0D H
D
>$%@
>&@
6HQVRUHHVWHUQR
6HYLHQHFROOHJDWRXQVHQVRUHDPELHQWH
HVWHUQR RS]LRQDOH VL GHYH LPSRVWDUH LO
WLSR GL VHQVRUH 9HGHUH /LQHH JXLGD
UHODWLYHDOO
DSSOLFD]LRQHDSDJLQD
ƒ 1RLPSRVWD]LRQHSUHGHILQLWD121
LQVWDOODWR ,O WHUPLVWRUH QHOO
LQWHUIDFFLD
XWHQWH H QHOO
XQLWj HVWHUQD YHQJRQR
XWLOL]]DWLSHUODPLVXUD]LRQH
ƒ 6HQVRUH HVW ,QVWDOODWR ,O VHQVRUH
HVWHUQR YHUUj XVDWR SHU PLVXUDUH OD
WHPSHUDWXUD
DPELHQWH
HVWHUQD
2VVHUYD]LRQH3HUDOFXQHIXQ]LRQDOLWj
LO VHQVRUH WHPSHUDWXUD QHOO
XQLWj
HVWHUQDYLHQHDQFRUDXWLOL]]DWR
ƒ 6HQVDPELHQWH121DSSOLFDELOH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
6FKHGDFRQ,2GLJLWDOH
6FKHGDDULFKLHVWD
/D PRGLILFD GL TXHVWH LPSRVWD]LRQL q QHFHVVDULD VRODPHQWH VH q
LQVWDOODWDXQDVFKHGDFRQ,2GLJLWDOHRS]LRQDOH/DVFKHGDFRQ,2
GLJLWDOHKDYDULHIXQ]LRQDOLWjFKHGHYRQRHVVHUHFRQILJXUDWH9HGHUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQHDSDJLQD
/D VFKHGD D ULFKLHVWD YLHQH XVDWD SHU DELOLWDUH LO FRQWUROOR FRQVXPR
HOHWWULFRDWWUDYHUVRGHJOLLQSXWGLJLWDOL9HGHUH/LQHHJXLGDUHODWLYH
DOO
DSSOLFD]LRQHDSDJLQD
>$@
&RGLFH
>&@
'HVFUL]LRQH
>$@
&RGLFH
>'@
6UFULVFULVHVW
$SSOLFDELOHVROWDQWRSHU5+%+;H
5+9+; ,QGLFD VH q LQVWDOODWD OD
VFKHGDDULFKLHVWDRS]LRQDOH
,QGLFD VH LO ULVFDOGDPHQWR DPELHQWH
YLHQH HIIHWWXDWR DQFKH SHU PH]]R GL
XQ
DOWUD IRQWH GL FDORUH GLYHUVD GDO
VLVWHPD
ƒ 1RLPSRVWD]LRQHSUHGHILQLWD121
LQVWDOODWR
ƒ 1RLPSRVWD]LRQHSUHGHILQLWD121
LQVWDOODWR
ƒ %LYDOHQWH ,QVWDOODWR /D FDOGDLD
DXVLOLDULD FDOGDLD D JDV EUXFLDWRUH D
ROLR HQWUD LQ IXQ]LRQH TXDQWR OD
WHPSHUDWXUD DPELHQWH HVWHUQD q
EDVVD 'XUDQWH LO IXQ]LRQDPHQWR
ELYDOHQWH OD SRPSD GL FDORUH q
',6$77,9$7$ ,PSRVWDUH TXHVWR
YDORUH QHO FDVR YHQJD XWLOL]]DWD XQD
FDOGDLD DXVLOLDULD 9HGHUH /LQHH
JXLGD UHODWLYH DOO
DSSOLFD]LRQH D
SDJLQD
>$@
>'@
.LWVRODUH
$SSOLFDELOH VROWDQWR SHU 5+%+; ,QGLFD
VH LO VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD
YLHQHDQFKHULVFDOGDWRGDLSDQQHOOLVRODUL
WHUPLFL
ƒ 6u ,QVWDOODWR ,O FRQWUROOR FRQVXPR
HOHWWULFR PHGLDQWH LQSXW GLJLWDOL SXz
HVVHUHVHOH]LRQDWRLQ>$@
0LVXUD]LRQHHQHUJLD
4XDQGR VL HIIHWWXD OD PLVXUD]LRQH HQHUJLD WUDPLWH O
XVR GL FRQWDWRUL
GHOO
HQHUJLD HOHWWULFD HVWHUQL FRQILJXUDUH OH LPSRVWD]LRQL FRPH
GHVFULWWR VRWWR 6HOH]LRQDUH O
XVFLWD GHOOD IUHTXHQ]D G
LPSXOVR GL
FLDVFXQ FRQWDWRUH GHOO
HQHUJLD HOHWWULFD VHFRQGR OH VSHFLILFKH GHO
FRQWDWRUH GHOO
HQHUJLD HOHWWULFD 6L SRVVRQR FROOHJDUH GHL FRQWDWWRUL
GHOO
HQHUJLD HOHWWULFD ILQR DG XQ PDVVLPR GL FRQ IUHTXHQ]H
G
LPSXOVR GLIIHUHQWL 6H YLHQH XWLOL]]DWR FRQWDWRUH GHOO
HQHUJLD
HOHWWULFD VROWDQWR R QHVVXQ FRQWDWRUH VHOH]LRQDUH 1R SHU LQGLFDUH
FKHO
LQSXWGHOO
LPSXOVRFRUULVSRQGHQWH121qXWLOL]]DWR
>$@
&RGLFH
>'@
ƒ 1RLPSRVWD]LRQHSUHGHILQLWD121
LQVWDOODWR
ƒ 6u ,QVWDOODWR ,O VHUEDWRLR
GHOO
DFTXD FDOGD VDQLWDULD SXz DQFKH
HVVHUH ULVFDOGDWR ±ROWUH FKH GDOOD
SRPSD GL FDORUH DQFKH GDL SDQQHOOL
VRODULWHUPLFL,PSRVWDUHTXHVWRYDORUH
VH VRQR LQVWDOODWL GHL SDQQHOOL VRODUL
WHUPLFL9HGHUH/LQHHJXLGDUHODWLYH
DOO
DSSOLFD]LRQHDSDJLQD
>$@
>&@
ƒ ,QVWDOODWRLPSN:K
ƒ ,QVWDOODWRLPSN:K
ƒ ,QVWDOODWRLPSN:K
ƒ ,QVWDOODWRLPSN:K
ƒ ,QVWDOODWRLPSN:K
>$@
>'@
>$@
>)@
5LVFSLDVWUDLQI
$SSOLFDELOH VROWDQWR SHU 5+%+; H
5+9+; ,QGLFD VH q LQVWDOODWR XQ
ULVFDOGDWRUH SLDVWUD IRQGR RS]LRQDOH
VXOO
XQLWj HVWHUQD ,Q TXHVWR FDVR OD
FRUUHQWH GHO ULVFDOGDWRUH SLDVWUD IRQGR q
DOLPHQWDWDGDOO
XQLWjLQWHUQD
ƒ ,QVWDOODWRLPSN:K
ƒ ,QVWDOODWRLPSN:K
ƒ ,QVWDOODWRLPSN:K
ƒ ,QVWDOODWRLPSN:K
ƒ ,QVWDOODWRLPSN:K
3URFHGXUDJXLGDWDUDSLGD&DSDFLWj
PLVXUD]LRQHHQHUJLD
/H FDSDFLWj GL WXWWL L ULVFDOGDWRUL HOHWWULFL GHYRQR HVVHUH LPSRVWDWH
DIILQFKpODPLVXUD]LRQHHQHUJLDHRODIXQ]LRQHGLFRQWUROORFRQVXPR
HOHWWULFR IXQ]LRQLQR FRUUHWWDPHQWH 3HU PLVXUDUH LO YDORUH GHOOD
UHVLVWHQ]DGLFLDVFXQULVFDOGDWRUHVLSXzLPSRVWDUHO
HVDWWDFDSDFLWj
GHOULVFDOGDWRUHHTXHVWRSHUPHWWHUjGLRWWHQHUHGDWLVXOO
HQHUJLDSL
DFFXUDWL
>$@
&RGLFH
>@
ƒ 1RLPSRVWD]LRQHSUHGHILQLWD121
LQVWDOODWR
ƒ 6u ,QVWDOODWR 2VVHUYD]LRQH 6H q
LPSRVWDWR TXHVWR YDORUH QRQ q
SRVVLELOH XWLOL]]DUH O
XVFLWD VXOOD
VFKHGDFRQ,2GLJLWDOHSHUO
XVFLWDGHO
ULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWH 9HGHUH /LQHH JXLGD
UHODWLYHDOO
DSSOLFD]LRQHDSDJLQD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQWDWRUHN:KHVWHUQRRS]LRQDOH
ƒ 1R121LQVWDOODWR
,QGLFD OD ORJLFD GHOO
XVFLWD DOODUPH VXOOD
VFKHGD FRQ ,2 GLJLWDOH GXUDQWH XQ
GLIHWWR
ƒ 1RUP &KLXVR 6H VL YHULILFD XQ
DOODUPH O
XVFLWD DOODUPH 121 YHUUj
DOLPHQWDWD
'HVFUL]LRQH
&RQWDWRUHN:KHVWHUQRRS]LRQDOH
ƒ 1R121LQVWDOODWR
8VFLWDDOODUPH
ƒ 1RUP
$SHUWRLPSRVWD]LRQH
SUHGHILQLWD 6H VL YHULILFD XQ DOODUPH
O
XVFLWD DOODUPH YHUUj DOLPHQWDWD
,PSRVWDQGR TXHVWR YDORUH YLHQH IDWWD
XQD GLVWLQ]LRQH WUD GLIHWWR H
ULOHYDPHQWR GL XQ DPPDQFR GL
FRUUHQWHGHOO
XQLWj
'HVFUL]LRQH
6FKHGDDULFKLHVWD
'HVFUL]LRQH
6XUULVFDOGDWRUH6LDSSOLFDVROWDQWRDL
VHUEDWRLGHOO
DFTXDFDOGDVDQLWDULDFRQ
VXUULVFDOGDWRUHLQWHUQR5.+:/D
FDSDFLWjGHOVXUULVFDOGDWRUHDOODWHQVLRQH
QRPLQDOH,PSRVWD]LRQHSUHGHILQLWD
aN:LQJUDGLQLGLN:
>$@
>@
5LV5VW/DFDSDFLWjGHOSULPRJUDGLQR
GHOULVFDOGDWRUHGLULVHUYDDOODWHQVLRQH
QRPLQDOH9DORUHQRPLQDOHN:9DORUH
SUHGHILQLWRN:
aN:LQJUDGLQLGLN:
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
>$@
&RGLFH
>@
'HVFUL]LRQH
5LV5VW6LDSSOLFDVRORDGXQ
ULVFDOGDWRUHGLULVHUYDDGXHJUDGLQL
:/DGLIIHUHQ]DGLFDSDFLWjWUDLO
VHFRQGRHLOSULPRJUDGLQRGHO
ULVFDOGDWRUHGLULVHUYDDOODWHQVLRQH
QRPLQDOH,OYDORUHQRPLQDOHGLSHQGH
GDOODFRQILJXUD]LRQHGHOULVFDOGDWRUHGL
ULVHUYD
ƒ N:1a9N:
ƒ N:1a9N:N:N:
ƒ N:a9N:N:N:
ƒ N:1a9N:N:N:
ƒ N:1a9N:N:N:
aN:LQJUDGLQLGLN:
ƒ 9YDORUHSUHGHILQLWRN:
ƒ :YDORUHSUHGHILQLWRN:
>$@
>@
5LVFSLDVWUDLQI6LDSSOLFDVRORDGXQ
ULVFDOGDWRUHSLDVWUDIRQGRRS]LRQDOH/D
FDSDFLWjGHOULVFDOGDWRUHSLDVWUDIRQGR
RS]LRQDOHDOODWHQVLRQHQRPLQDOH9DORUH
SUHGHILQLWR:
a:LQJUDGLQLGL:
&RQWUROORGHOULVFDOGDPHQWR
UDIIUHGGDPHQWRDPELHQWH
,QTXHVWRFDSLWRORVRQRGHVFULWWHOHLPSRVWD]LRQLULFKLHVWHGLEDVHSHU
FRQILJXUDUH LO ULVFDOGDPHQWRUDIIUHGGDPHQWR DPELHQWH GHO SURSULR
VLVWHPD /H LPSRVWD]LRQL LQVWDOODWRUH GLSHQGHQWL GD FRQGL]LRQL
PHWHRURORJLFKH GHILQLVFRQR L SDUDPHWUL SHU LO IXQ]LRQDPHQWR
GHOO
XQLWj GLSHQGHQWH GD FRQGL]LRQL PHWHRURORJLFKH 4XDQGR LO
IXQ]LRQDPHQWRGLSHQGHQWHGDFRQGL]LRQLPHWHRURORJLFKHqDWWLYROD
WHPSHUDWXUD GHOO
DFTXD YLHQH GHWHUPLQDWD DXWRPDWLFDPHQWH LQ EDVH
DOODWHPSHUDWXUDHVWHUQD%DVVHWHPSHUDWXUHHVWHUQHGDUDQQROXRJR
D XQD WHPSHUDWXUD SL HOHYDWD GHOO
DFTXD H YLFHYHUVD 'XUDQWH LO
IXQ]LRQDPHQWR GLSHQGHQWH GD FRQGL]LRQL PHWHRURORJLFKH O
XWHQWH
SXz DXPHQWDUH R GLPLQXLUH OD WHPSHUDWXUD WDUJHW GHOO
DFTXD GL XQ
PDVVLPRGLƒ&
9HGHUH OD JXLGD GL ULIHULPHQWR SHU O
XWHQWH HR LO PDQXDOH G
XVR SHU
DYHUHPDJJLRULLQIRUPD]LRQLVXTXHVWDIXQ]LRQH
7HPSHUDWXUDPDQXDOH=RQDSULQFLSDOH
>$@
&RGLFH
1$
'HVFUL]LRQH
7PDQVHWPRG
ƒ $VVROXWRLPSRVWD]LRQHSUHGHILQLWD
/DWHPSHUDWXUDPDQXDOHULFKLHVWDq
ƒ 121 GLSHQGHQWH GD FRQGL]LRQL
PHWHRURORJLFKH FLRq QRQ GLSHQGH
GDOOD
WHPSHUDWXUD
DPELHQWH
HVWHUQD
ƒ ILVVD QHO WHPSR FLRq QRQ q
SURJUDPPDWD
ƒ 'LS GD PHWHR /D WHPSHUDWXUD
PDQXDOHULFKLHVWDq
ƒ GLSHQGHQWH
GD
FRQGL]LRQL
PHWHRURORJLFKHFLRqGLSHQGHGDOOD
WHPSHUDWXUDDPELHQWHHVWHUQD
ƒ ILVVD QHO WHPSR FLRq QRQ q
SURJUDPPDWD
ƒ $EV SURJUDPP /D WHPSHUDWXUD
PDQXDOHULFKLHVWDq
ƒ 121 GLSHQGHQWH GD FRQGL]LRQL
PHWHRURORJLFKH
FLRq
121
GLSHQGH
GDOOD
WHPSHUDWXUD
DPELHQWHHVWHUQD
ƒ LQEDVHDXQSURJUDPPD/HD]LRQL
SURJUDPPDWH
FRQVLVWRQR
LQ
WHPSHUDWXUH PDQXDOL ULFKLHVWH
SUHLPSRVWDWH
RSSXUH
SHUVRQDOL]]DWH
2VVHUYD]LRQH 4XHVWR YDORUH SXz
HVVHUH LPSRVWDWR VROWDQWR QHO
FRQWUROORWHPSHUDWXUDPDQXDOH
ƒ &OLPDWLFDSURJ /D
PDQXDOHULFKLHVWDq
WHPSHUDWXUD
ƒ GLSHQGHQWH
GD
FRQGL]LRQL
PHWHRURORJLFKHFLRqGLSHQGHGDOOD
WHPSHUDWXUDDPELHQWHHVWHUQD
ƒ LQEDVHDXQSURJUDPPD/HD]LRQL
SURJUDPPDWH
FRQVLVWRQR
LQ
WHPSHUDWXUH PDQXDOL ULFKLHVWH
SUHLPSRVWDWH
RSSXUH
SHUVRQDOL]]DWH
2VVHUYD]LRQH 4XHVWR YDORUH SXz
HVVHUH LPSRVWDWR VROWDQWR QHO
FRQWUROORWHPSHUDWXUDPDQXDOH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
>$@
&RGLFH
>@
'HVFUL]LRQH
,PSRVWDFOLPDWLFDULVFDOG
>@
>$@
Tt
>ತ@
[1-02]
>@
[1-03]
[1-08]
[1-09]
[1-00]
[1-01]
[1-06]
Ta
[1-07]
Ta
ƒ 7W 7HPSHUDWXUD PDQXDOH RULJLQDOH
GHVLGHUDWD
ƒ 7W 7HPSHUDWXUD PDQXDOH RULJLQDOH
GHVLGHUDWD
ƒ 7D7HPSHUDWXUDHVWHUQD
ƒ 7D7HPSHUDWXUDHVWHUQD
ƒ >@
7HPSHUDWXUD
DPELHQWH
HVWHUQD EDVVD ±ƒ&aƒ& YDORUH
SUHGHILQLWRíƒ&
ƒ >@
7HPSHUDWXUD
DPELHQWH
HVWHUQD EDVVD ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
ƒ >@
7HPSHUDWXUD
DPELHQWH
HVWHUQD DOWD ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
ƒ >@
7HPSHUDWXUD
DPELHQWH
HVWHUQD DOWD ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
ƒ >@ /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD TXDQGR OD WHPSHUDWXUD
HVWHUQDqXJXDOHDOODRVFHQGHDOGL
VRWWR GHOOD WHPSHUDWXUD DPELHQWH
EDVVD
7UD WHPSHUDWXUD PDQXDOH PLQLPD H
PDVVLPDYDORUHSUHGHILQLWRƒ&
1RWD4XHVWRYDORUHGHYHHVVHUHSL
DOWR GL >@ GDWR FKH SHU
WHPSHUDWXUH HVWHUQH EDVVH q
ULFKLHVWDDFTXDSLFDOGD
ƒ >@ /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD TXDQGR OD WHPSHUDWXUD
HVWHUQDqXJXDOHDOODRVFHQGHDOGL
VRWWR GHOOD WHPSHUDWXUD DPELHQWH
EDVVD
7UD WHPSHUDWXUD PDQXDOH PLQLPD H
PDVVLPD GL ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
1RWD4XHVWRYDORUHGHYHHVVHUHSL
DOWR GL >@ GDWR FKH SHU
WHPSHUDWXUH HVWHUQH EDVVH q
VXIILFLHQWHDFTXDPHQRIUHGGD
ƒ >@ /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD TXDQGR OD WHPSHUDWXUD
HVWHUQD q XJXDOH DOOD R VDOH DO GL
VRSUD GHOOD WHPSHUDWXUD DPELHQWH
DOWD
7UD WHPSHUDWXUD PDQXDOH PLQLPD H
PDVVLPDYDORUHSUHGHILQLWRƒ&
1RWD4XHVWRYDORUHGHYHHVVHUHSL
EDVVR GL >@ GDWR FKH SHU
WHPSHUDWXUH HVWHUQH DOWH q ULFKLHVWD
DFTXDPHQRFDOGD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
'HVFUL]LRQH
,PSRVWDFOLPDWLFDUDIIU
>@
Tt
>@
>@
&RGLFH
>@
ƒ >@ /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD TXDQGR OD WHPSHUDWXUD
HVWHUQD q XJXDOH DOOD R VDOH DO GL
VRSUD GHOOD WHPSHUDWXUD DPELHQWH
DOWD
7UD WHPSHUDWXUD PDQXDOH PLQLPD H
PDVVLPD GL ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
1RWD4XHVWRYDORUHGHYHHVVHUHSL
EDVVR GL >@ GDWR FKH SHU
WHPSHUDWXUH HVWHUQH DOWH q ULFKLHVWD
DFTXDSLIUHGGD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
7HPSHUDWXUDPDQXDOH=RQDDJJLXQWLYD
$SSOLFDELOHVROWDQWRVHVRQRSUHVHQWL]RQHGLWHPSHUDWXUDDFTXDLQ
XVFLWD
>$@
&RGLFH
1$
'HVFUL]LRQH
>$@
&RGLFH
>@
'HVFUL]LRQH
,PSRVWDFOLPDWLFDULVFDOG
>@
Tt
>@
7PDQVHWPRG
>@
ƒ $VVROXWRLPSRVWD]LRQHSUHGHILQLWD
/DWHPSHUDWXUDPDQXDOHULFKLHVWDq
ƒ 121 GLSHQGHQWH GD FRQGL]LRQL
PHWHRURORJLFKH FLRq QRQ GLSHQGH
GDOOD
WHPSHUDWXUD
DPELHQWH
HVWHUQD
ƒ ILVVD QHO WHPSR FLRq QRQ q
SURJUDPPDWD
ƒ 'LS GD PHWHR /D WHPSHUDWXUD
PDQXDOHULFKLHVWDq
[0-01]
[0-00]
[0-03]
[0-02]
Ta
ƒ 7W 7HPSHUDWXUD PDQXDOH RULJLQDOH
GHVLGHUDWD
ƒ 7D7HPSHUDWXUDHVWHUQD
ƒ GLSHQGHQWH
GD
FRQGL]LRQL
PHWHRURORJLFKHFLRqGLSHQGHGDOOD
WHPSHUDWXUDDPELHQWHHVWHUQD
ƒ >@
7HPSHUDWXUD
DPELHQWH
HVWHUQD EDVVD ±ƒ&aƒ& YDORUH
SUHGHILQLWRíƒ&
ƒ ILVVD QHO WHPSR FLRq QRQ q
SURJUDPPDWD
ƒ >@
7HPSHUDWXUD
DPELHQWH
HVWHUQD DOWD ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
ƒ $EV SURJUDPP /D WHPSHUDWXUD
PDQXDOHULFKLHVWDq
ƒ 121 GLSHQGHQWH GD FRQGL]LRQL
PHWHRURORJLFKH
FLRq
121
GLSHQGH
GDOOD
WHPSHUDWXUD
DPELHQWHHVWHUQD
ƒ LQEDVHDXQSURJUDPPD/HD]LRQL
SURJUDPPDWH VRQR $WWLYDWD R
',6$77,9$7$
2VVHUYD]LRQH 4XHVWR YDORUH SXz
HVVHUH LPSRVWDWR VROWDQWR QHO
FRQWUROORWHPSHUDWXUDPDQXDOH
ƒ &OLPDWLFDSURJ /D
PDQXDOHULFKLHVWDq
WHPSHUDWXUD
ƒ GLSHQGHQWH
GD
FRQGL]LRQL
PHWHRURORJLFKHFLRqGLSHQGHGDOOD
WHPSHUDWXUDDPELHQWHHVWHUQD
ƒ LQEDVHDXQSURJUDPPD/HD]LRQL
SURJUDPPDWH VRQR $WWLYDWD R
',6$77,9$7$
2VVHUYD]LRQH 4XHVWR YDORUH SXz
HVVHUH LPSRVWDWR VROWDQWR QHO
FRQWUROORWHPSHUDWXUDPDQXDOH
ƒ >@ /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD TXDQGR OD WHPSHUDWXUD
HVWHUQDqXJXDOHDOODRVFHQGHDOGL
VRWWR GHOOD WHPSHUDWXUD DPELHQWH
EDVVD
7UD WHPSHUDWXUD PDQXDOH PLQLPD H
PDVVLPD GL ƒ&aD VHFRQGD
GHOO
XQLWj HVWHUQD LPSRVWD]LRQH
SUHGHILQLWDƒ&
1RWD4XHVWRYDORUHGHYHHVVHUHSL
DOWR GL >@ GDWR FKH SHU
WHPSHUDWXUH HVWHUQH EDVVH q
ULFKLHVWDDFTXDSLFDOGD
ƒ >@ /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD TXDQGR OD WHPSHUDWXUD
HVWHUQD q XJXDOH DOOD R VDOH DO GL
VRSUD GHOOD WHPSHUDWXUD DPELHQWH
DOWD
7UD WHPSHUDWXUD PDQXDOH PLQLPD H
PDVVLPD GL ƒ&aD VHFRQGD
GHOO
XQLWj HVWHUQD LPSRVWD]LRQH
SUHGHILQLWDƒ&
1RWD4XHVWRYDORUHGHYHHVVHUHSL
EDVVR GL >@ GDWR FKH SHU
WHPSHUDWXUH HVWHUQH DOWH q ULFKLHVWD
DFTXDPHQRFDOGD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
>$@
&RGLFH
>@
'HVFUL]LRQH
,PSRVWDFOLPDWLFDUDIIU
>@
>$@
&RGLFH
>$@
Tt
>@
>@
[0-05]
[0-04]
7HPSHUDWXUDPDQXDOH0RGXOD]LRQH
[0-07]
[0-06]
Ta
ƒ 7W 7HPSHUDWXUD PDQXDOH RULJLQDOH
GHVLGHUDWD
ƒ 7D7HPSHUDWXUDHVWHUQD
ƒ >@
7HPSHUDWXUD
DPELHQWH
HVWHUQD EDVVD ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
ƒ >@
7HPSHUDWXUD
DPELHQWH
HVWHUQD DOWD ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
ƒ >@ /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD TXDQGR OD WHPSHUDWXUD
HVWHUQDqXJXDOHDOODRVFHQGHDOGL
VRWWR GHOOD WHPSHUDWXUD DPELHQWH
EDVVD
7UD WHPSHUDWXUD PDQXDOH PLQLPD H
PDVVLPD GL ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
1RWD4XHVWRYDORUHGHYHHVVHUHSL
DOWR GL >@ GDWR FKH SHU
WHPSHUDWXUH HVWHUQH EDVVH q
VXIILFLHQWHDFTXDPHQRIUHGGD
ƒ >@ /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD TXDQGR OD WHPSHUDWXUD
HVWHUQD q XJXDOH DOOD R VDOH DO GL
VRSUD GHOOD WHPSHUDWXUD DPELHQWH
DOWD
7UD WHPSHUDWXUD PDQXDOH PLQLPD H
PDVVLPD GL ƒ&aƒ& YDORUH
SUHGHILQLWRƒ&
1RWD4XHVWRYDORUHGHYHHVVHUHSL
EDVVR GL >@ GDWR FKH SHU
WHPSHUDWXUH HVWHUQH DOWH q ULFKLHVWD
DFTXDSLIUHGGD
7HPSHUDWXUDPDQXDOH7UDVPHWWLWRUH'HOWD7
'LIIHUHQ]D GL WHPSHUDWXUD SHU O
DFTXD LQ HQWUDWD H O
DFTXD LQ XVFLWD
/
XQLWj q SURJHWWDWD SHU VXSSRUWDUH LO IXQ]LRQDPHQWR GHJOL DQHOOL D
SDYLPHQWR /D WHPSHUDWXUD PDQXDOH FRQVLJOLDWD LPSRVWDWD WUDPLWH
O
LQWHUIDFFLD XWHQWH SHU JOL DQHOOL D SDYLPHQWR q GL ƒ& ,Q TXHVWR
FDVR O
XQLWj VDUj FRQWUROODWD SHU UHDOL]]DUH XQD GLIIHUHQ]D GL
WHPSHUDWXUDGLƒ&LOFKHVLJQLILFDFKHO
DFTXDLQHQWUDWDQHOO
XQLWjq
DWWRUQR D ƒ& $ VHFRQGD GHOO
DSSOLFD]LRQH LQVWDOODWD UDGLDWRUL
FRQYHWWRUH FRQ SRPSD GL FDORUH DQHOOL D SDYLPHQWR R GHOOD
VLWXD]LRQH SXz HVVHUH SRVVLELOH PRGLILFDUH OD GLIIHUHQ]D WUD OD
WHPSHUDWXUD GHOO
DFTXD LQ HQWUDWD H OD WHPSHUDWXUD GHOO
DFTXD LQ
XVFLWD1RWDUHFKHODSRPSDUHJROHUjLOSURSULRIOXVVRSHUPDQWHQHUH
LOǻW
>$@
&RGLFH
>@
'HVFUL]LRQH
5LVFDOGDPHQWRGLIIHUHQ]DGL
WHPSHUDWXUDULFKLHVWDWUDDFTXDLQ
HQWUDWDHDFTXDLQXVFLWD5DQJH
aƒ&LQJUDGLQLGLƒ&YDORUH
SUHGHILQLWRƒ&
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
'HVFUL]LRQH
5DIIUHGGDPHQWRGLIIHUHQ]DGL
WHPSHUDWXUDULFKLHVWDWUDDFTXDLQ
HQWUDWDHDFTXDLQXVFLWD5DQJH
aƒ&LQJUDGLQLGLƒ&YDORUH
SUHGHILQLWRƒ&
$SSOLFDELOHVROWDQWRLQFDVRGLFRQWUROORGHOWHUPRVWDWRDPELHQWH6H
VL XVD OD IXQ]LRQDOLWj GHO WHUPRVWDWR DPELHQWH LO FOLHQWH GHYH
LPSRVWDUHODWHPSHUDWXUDDPELHQWHGHVLGHUDWD/
XQLWjIRUQLUjDFTXD
FDOGDDLWUDVPHWWLWRULGLFDORUHHO
DPELHQWHYHUUjULVFDOGDWR,QROWUHVL
GHYHFRQILJXUDUHDQFKHODWHPSHUDWXUDPDQXDOHULFKLHVWDTXDQGRVL
DWWLYD OD PRGXOD]LRQH OD WHPSHUDWXUD PDQXDOH ULFKLHVWD YHUUj
FDOFRODWD DXWRPDWLFDPHQWH GDOO
XQLWj VXOOD EDVH GHOOH WHPSHUDWXUH
SUHLPSRVWDWH VH q VHOH]LRQDWR LO PRGR GLSHQGHQWH GD FRQGL]LRQL
PHWHRURORJLFKH OD PRGXOD]LRQH YHUUj HIIHWWXDWD LQ EDVH DOOH
WHPSHUDWXUH GLSHQGHQWL GD FRQGL]LRQL PHWHRURORJLFKH ULFKLHVWH
TXDQGRVLGLVDWWLYDODPRGXOD]LRQHVLSXzLPSRVWDUHODWHPSHUDWXUD
PDQXDOHULFKLHVWDVXOO
LQWHUIDFFLDXWHQWH,QROWUHFRQODPRGXOD]LRQH
DWWLYDWDODWHPSHUDWXUDPDQXDOHULFKLHVWDYLHQHDEEDVVDWDRDO]DWD
LQIXQ]LRQHGHOODWHPSHUDWXUDDPELHQWHGHVLGHUDWDHGHOODGLIIHUHQ]D
WUD OD WHPSHUDWXUD DPELHQWH HIIHWWLYD H OD WHPSHUDWXUD DPELHQWH
ULFKLHVWD4XHVWRSRUWDDGRWWHQHUH
ƒ WHPSHUDWXUH DPELHQWH VWDELOL FKH ULVSHFFKLDQR HVDWWDPHQWH OD
WHPSHUDWXUDGHVLGHUDWDPDJJLRUHOLYHOORGLFRPIRUW
ƒ PHQR FLFOL $WWLYDWR',6$77,9$72 PLQRUH UXPRURVLWj PDJJLRUH
FRPIRUWHPDJJLRUHHIILFLHQ]D
ƒ WHPSHUDWXUH GHOO
DFTXD SL EDVVH SRVVLELOL SHU ULVSHFFKLDUH OD
WHPSHUDWXUDGHVLGHUDWDPDJJLRUHHIILFLHQ]D
>$@
&RGLFH
>@
'HVFUL]LRQH
7PDQPRGXODQWH
ƒ 1R
LPSRVWD]LRQH
SUHGHILQLWD
GLVDELOLWDWD
1RWD 6L GHYH LPSRVWDUH OD
WHPSHUDWXUD
PDQXDOH
ULFKLHVWD
VXOO
LQWHUIDFFLDXWHQWH
ƒ 6uDELOLWDWD
1RWD /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD SXz HVVHUH OHWWD VROWDQWR
VXOO
LQWHUIDFFLDXWHQWH
7HPSHUDWXUDPDQXDOH7LSRGLWUDVPHWWLWRUH
$SSOLFDELOH VROWDQWR LQ FDVR GL FRQWUROOR GHO WHUPRVWDWR DPELHQWH $
VHFRQGD GHO YROXPH G
DFTXD GHO VLVWHPD H GHO WLSR GL WUDVPHWWLWRUL
GHO FDORUH ULVFDOGDUH R UDIIUHGGDUH XQ DPELHQWH SXz ULFKLHGHUH XQ
WHPSRSLOXQJR4XHVWDLPSRVWD]LRQHSXzFRPSHQVDUHODOHQWH]]D
R OD UDSLGLWj GHO VLVWHPD GL ULVFDOGDPHQWRUDIIUHGGDPHQWR GXUDQWH LO
FLFORGLULVFDOGDPHQWRUDIIUHGGDPHQWR
1RWD /
LPSRVWD]LRQH GHO WLSR GL WUDVPHWWLWRUL LQIOXHQ]HUj OD
PRGXOD]LRQH PDVVLPD GHOOD WHPSHUDWXUD PDQXDOH ULFKLHVWD H OD
SRVVLELOLWjGLXWLOL]]RGHOODFRPPXWD]LRQHDXWRPDWLFDUDIIUHGGDPHQWR
ULVFDOGDPHQWRLQEDVHDOODWHPSHUDWXUDDPELHQWHLQWHUQD
ÊTXLQGLLPSRUWDQWHLPSRVWDUHTXHVWRYDORUHFRUUHWWDPHQWH
>$@
&RGLFH
>%@
'HVFUL]LRQH
7LSRGLWUDVPHWWLWRUH
7HPSRGLUHD]LRQHGHOVLVWHPD
ƒ 5DSLGR (VHPSLR 3LFFROR YROXPH
G
DFTXDHYHQWLOFRQYHWWRUL
ƒ /HQWR (VHPSLR *UDQGH YROXPH
G
DFTXD DQHOOL GL ULVFDOGDPHQWR D
SDYLPHQWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
&RQWUROORGHOO
DFTXDFDOGDVDQLWDULD
$SSOLFDELOH VROWDQWR QHO FDVR VLD LQVWDOODWR XQ VHUEDWRLR GHOO
DFTXD
FDOGDVDQLWDULDRS]LRQDOH
&RGLFH
>$@
1$
ƒ &RPHWHPSHUDWXUD
&RQILJXUD]LRQHGHOODWHPSHUDWXUDVHUEDWRLRULFKLHVWD
/
DFTXDFDOGDVDQLWDULDSXzHVVHUHSUHSDUDWDLQPRGLGLYHUVL(VVL
GLIIHULVFRQR O
XQR GDOO
DOWUR SHU LO PRGR LQ FXL YLHQH LPSRVWDWD OD
WHPSHUDWXUD VHUEDWRLR ULFKLHVWD H LO PRGR LQ FXL O
XQLWj DJLVFH VX
TXHVWD
>$@
&RGLFH
>'@
ƒ &RPH JUDILFR /D WHPSHUDWXUD GHYH
HVVHUH YLVXDOL]]DWD FRPH DFTXD FDOGD
GLVSRQLELOH SHU [ SHUVRQH )DFHQGR
TXHVWD VFHOWD VL GHYH DQFKH
FRQILJXUDUH TXDOH QXPHUR FRUULVSRQGH
D TXDOH WHPSHUDWXUD LQ >$@a>$
@
'HVFUL]LRQH
$FTXDFDOGDVDQLWDULD0RGRVHWS
ƒ 6RORUSUPDQWÊDPPHVVRVRORLO
IXQ]LRQDPHQWR GHO ULVFDOGDPHQWR
SUHYHQWLYRHPDQWHQLPHQWR
ƒ 5 SUPDQWSU ,O VHUEDWRLR
GHOO
DFTXD FDOGD VDQLWDULD YLHQH
ULVFDOGDWRLQEDVHDGXQSURJUDPPDH
WUD XQ FLFOR H O
DOWUR GHO ULVFDOGDPHQWR
SURJUDPPDWR
q
DPPHVVR
LO
IXQ]LRQDPHQWR GHO ULVFDOGDPHQWR
SUHYHQWLYRHPDQWHQLPHQWR
ƒ 6ROR SURJUDPP ,O VHUEDWRLR
GHOO
DFTXD FDOGD VDQLWDULD SXz HVVHUH
ULVFDOGDWR 62/2 LQ EDVH DG XQ
SURJUDPPD
>$@
1$
>$@
1$
/HWWXUDGHOODWHPSHUDWXUDVHUEDWRLRULFKLHVWD
SHUVRQH
,QFUHPHQWR GHOOD WHPSHUDWXUD GHO
VHUEDWRLRULFKLHVWDSHUSHUVRQHULVSHWWR
DGSHUVRQDaƒ&YDORUHSUHGHILQLWR
ƒ&
>$@
1$
SHUVRQH
,QFUHPHQWR GHOOD WHPSHUDWXUD VHUEDWRLR
ULFKLHVWD SHU SHUVRQH ULVSHWWR D SHUVRQH aƒ& YDORUH SUHGHILQLWR
ƒ&
,1)250$=,21,
,O ULVFKLR GL SUREOHPL GL OLPLWD]LRQH GHOOD FDSDFLWjFRPIRUW
GHO ULVFDOGDPHQWR DPELHQWH UDIIUHGGDPHQWR q QRWHYROH
LQ FDVR GL IXQ]LRQDPHQWR IUHTXHQWH GHOO
DFTXD FDOGD
VDQLWDULD VL YHULILFKHUDQQR GHOOH LQWHUUX]LRQL IUHTXHQWL H
OXQJKHGHOUDIIUHGGDPHQWRULVFDOGDPHQWRDPELHQWH
SHUVRQD
/D WHPSHUDWXUD VHUEDWRLR ULFKLHVWD
DVVROXWDSHUSHUVRQDaƒ&YDORUH
SUHGHILQLWRƒ&
9HGHUH &RQWUROOR GHOO
DFTXD FDOGD VDQLWDULD DYDQ]DWR D
SDJLQDSHUXOWHULRULGHWWDJOL
6LUDFFRPDQGDGL121XWLOL]]DUHODVHOH]LRQHGL>ತ'@ >$@ $FTXD FDOGD VDQLWDULD 0RGR VHWS 6ROR U SUPDQW
LQ FDVR GL VHUEDWRLR SHU O
DFTXD FDOGD VDQLWDULD VHQ]D
VXUULVFDOGDWRUHLQWHUQR
'HVFUL]LRQH
,QFKHPRGRODWHPSHUDWXUDVHUEDWRLR
GHYHHVVHUHYLVXDOL]]DWDVXOO
LQWHUIDFFLD
XWHQWH"
>$@
1$
SHUVRQH
,QFUHPHQWR GHOOD WHPSHUDWXUD VHUEDWRLR
ULFKLHVWD SHU SHUVRQH ULVSHWWR D SHUVRQH aƒ& YDORUH SUHGHILQLWR
ƒ&
>$@
1$
SHUVRQH
,QFUHPHQWR GHOOD WHPSHUDWXUD VHUEDWRLR
ULFKLHVWD SHU SHUVRQH ULVSHWWR D SHUVRQH aƒ& YDORUH SUHGHILQLWR
ƒ&
>$@
1$
SHUVRQH
,QFUHPHQWR GHOOD WHPSHUDWXUD VHUEDWRLR
ULFKLHVWD SHU SHUVRQH ULVSHWWR D SHUVRQH aƒ& YDORUH SUHGHILQLWR
ƒ&
/D WHPSHUDWXUD VHUEDWRLR ULFKLHVWD q YLVXDOL]]DWD VXOO
LQWHUIDFFLD
XWHQWH &RQ OH LPSRVWD]LRQL VHJXHQWL VL SXz FRQILJXUDUH LO PRGR LQ
FXLYLHQHYLVXDOL]]DWDODWHPSHUDWXUDVHUEDWRLR
ƒ FRQLOVXRYDORUHQXPHULFR
ƒ FRQXQYDORUHHTXLYDOHQWH
,1)250$=,21,
8WLOL]]DUH LO YDORUH QXPHULFR QHO FDVR LQ FXL LO FOLHQWH FRPSUHQGD
FKLDUDPHQWH OD WHPSHUDWXUD VHUEDWRLR 6XOO
LQWHUIDFFLD XWHQWH LO
FOLHQWHSXzLPSRVWDUHODWHPSHUDWXUDVHUEDWRLRULFKLHVWDGLƒ&3HUL
FOLHQWLFKHKDQQRPHQRIDPLJOLDULWjFRQOHWHPSHUDWXUHGHOVHUEDWRLR
VFHJOLHUHODYLVXDOL]]D]LRQHFRQLOQXPHURHTXLYDOHQWHGLSHUVRQH,Q
TXHVWR PRGR OD WHPSHUDWXUD VHUEDWRLR ULFKLHVWD SRWUj HVVHUH
LPSRVWDWD LQGLFDQGR LO SURSULR FRQVXPR GL DFTXD FDOGD VDQLWDULD LQ
WHUPLQLGLXQQXPHURGLSHUVRQH
/DWHPSHUDWXUDVHUEDWRLRULFKLHVWDHIIHWWLYDqGHILQLWDGDOOD
WHPSHUDWXUD VHUEDWRLR ULFKLHVWD DVVROXWD VHOH]LRQDWD H GDO
QXPHURGLSHUVRQHLYDORULGLLQFUHPHQWRVHOH]LRQDWL
&RPHLQVWDOODWRUHGRYHWHFRQILJXUDUHODFRQYHUVLRQHWUDLOFRQVXPR
HTXLYDOHQWH GL DFTXD FDOGD VDQLWDULD SHU SHUVRQD DG FLFOR GL
ULVFDOGDPHQWRHODWHPSHUDWXUDVHUEDWRLRHIIHWWLYDULFKLHVWD6LSUHJD
GL WHQHUH FRQWUR GHOOH GLPHQVLRQL GHO VHUEDWRLR LQVWDOODWR ,QROWUH
XVDQGR LO GLVSOD\ JUDILFR LO FOLHQWH q UHVR FRQVDSHYROH FLUFD OD
TXDQWLWjGLDFTXDFDOGDVDQLWDULDFRQVXPDWD
(VHPSLRSHUVRQHLPSRVWD]LRQLSUHGHILQLWH
7HPSHUDWXUD VHUEDWRLR ULFKLHVWD HIIHWWLYD >$@>$
@>$@
7HPSHUDWXUDVHUEDWRLRULFKLHVWDHIIHWWLYD ƒ&
7HPSHUDWXUDVHUEDWRLRPDVVLPD
/D WHPSHUDWXUD PDVVLPD FKH JOL XWHQWL SRVVRQR VHOH]LRQDUH SHU
O
DFTXD FDOGD VDQLWDULD 6L SXz XVDUH TXHVWD LPSRVWD]LRQH SHU
OLPLWDUHOHWHPSHUDWXUHDLUXELQHWWLGHOO
DFTXDFDOGD
,1)250$=,21,
'XUDQWH OD GLVLQIH]LRQH GHO VHUEDWRLR GHOO
DFTXD FDOGD
VDQLWDULD OD WHPSHUDWXUD VHUEDWRLR SXz VXSHUDUH TXHVWD
WHPSHUDWXUDPDVVLPD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
,1)250$=,21,
/LPLWDUH OD WHPSHUDWXUD GHOO
DFTXD FDOGD PDVVLPD LQ EDVH
DOODOHJLVOD]LRQHDSSOLFDELOH
&RGLFH
>$@
>(@
'HVFUL]LRQH
>@
ƒ >(@ aƒ& YDORUH SUHGHILQLWR
ƒ&VRORSHU5+9+;
>@
1$
/D WHPSHUDWXUD PDVVLPD 121 q
DSSOLFDELOH GXUDQWH OD IXQ]LRQH GL
GLVLQIH]LRQH 9HGHUH OD IXQ]LRQH GL
GLVLQIH]LRQH
>@
1$
'HVFUL]LRQH
,OQXPHURDFXLSRVVRQRWHOHIRQDUHJOL
XWHQWLLQFDVRGLSUREOHPL
&RQILJXUD]LRQHDYDQ]DWDRWWLPL]]D]LRQH
)XQ]LRQDPHQWRGLULVFDOGDPHQWR
UDIIUHGGDPHQWRDPELHQWHDYDQ]DWR
7HPSHUDWXUDPDQXDOHSUHLPSRVWDWD
6LSRVVRQRGHILQLUHOHWHPSHUDWXUHPDQXDOLSUHLPSRVWDWH
ƒ HFRQRPLD GHQRWD OD WHPSHUDWXUD PDQXDOH ULFKLHVWD FKH Gj LO SL
EDVVRFRQVXPRHQHUJHWLFR
ƒ FRPIRUWGHQRWDODWHPSHUDWXUDPDQXDOHULFKLHVWDFKHGjLOSLDOWR
FRQVXPRHQHUJHWLFR
, YDORUL SUHLPSRVWDWL IDFLOLWDQR O
XVR GHOOR VWHVVR YDORUH QHO
SURJUDPPDRODUHJROD]LRQHGHOODWHPSHUDWXUDPDQXDOHULFKLHVWDLQ
EDVH DOOD WHPSHUDWXUD DPELHQWH YHGHUH OD PRGXOD]LRQH 6H VL
GHVLGHUD FDPELDUH LO YDORUH q QHFHVVDULR IDUOR VROR LQ XQ SXQWR $
VHFRQGD FKH OD WHPSHUDWXUD PDQXDOH ULFKLHVWD VLD GLSHQGHQWH GD
FRQGL]LRQL PHWHRURORJLFKH R QR VL GHYH VSHFLILFDUH OD WHPSHUDWXUD
PDQXDOHULFKLHVWDDVVROXWDRSSXUHLYDORULGLVFRVWDPHQWRGHVLGHUDWL
127$
/H WHPSHUDWXUH PDQXDOL SUHLPSRVWDWH VRQR DSSOLFDELOL
VRODPHQWH SHU OD ]RQD SULQFLSDOH GDWR FKH LO SURJUDPPD
SHU OD ]RQD DJJLXQWLYD FRQVLVWH LQ D]LRQL $WWLYDWR
',6$77,9$72
127$
6HOH]LRQDUH OH WHPSHUDWXUH PDQXDOL SUHLPSRVWDWH LQ EDVH
DO SURJHWWR H DL WUDVPHWWLWRUL GL FDORUH VHOH]LRQDWL SHU
DVVLFXUDUH O
HTXLOLEULR WUD OD WHPSHUDWXUD DPELHQWH H OD
WHPSHUDWXUDPDQXDOHULFKLHVWH
'HVFUL]LRQH
(FRUDIIUHGGDPHQWR
>@a>@YDORUHSUHGHILQLWRƒ&
1$
&RGLFH
&RPIRUWUDIIUHGGDP
3UHLPSRVWDUHODWHPSHUDWXUDPDQXDOHYDORUHGLVFRVWDPHQWRSHU
OD]RQDGLWHPSHUDWXUDPDQXDOHRULJLQDOHQHOFDVRVLDGLSHQGHQWH
GDFRQGL]LRQLPHWHRURORJLFKH
>@
&RGLFH
>@
>@a>@YDORUHSUHGHILQLWRƒ&
1$
1XPHURFRQWDWWRDVVLVWHQ]DFOLHQWL
1$
>@
>@
ƒ >(@ aƒ& YDORUH SUHGHILQLWR
ƒ& SHU 5+%+; LQ FRPELQD]LRQH
FRQ5.+:
>@
>@
'HVFUL]LRQH
(FRULVFDOGDPHQWR
>@a>@YDORUHSUHGHILQLWRƒ&
6H
>$@
6HWSRLQWPD[
/D WHPSHUDWXUD PDVVLPD FKH JOL XWHQWL
SRVVRQR VHOH]LRQDUH SHU O
DFTXD FDOGD
VDQLWDULD 6L SXz XVDUH TXHVWD
LPSRVWD]LRQH SHU OLPLWDUH OD WHPSHUDWXUD
DLUXELQHWWLGHOO
DFTXDFDOGD
&RGLFH
>@
&RPIRUWULVFDOGDP
íaƒ&YDORUHSUHGHILQLWRƒ&
(FRULVFDOGDPHQWR
íaƒ&YDORUHSUHGHILQLWRíƒ&
&RPIRUWUDIIUHGGDP
íaƒ&YDORUHSUHGHILQLWRƒ&
(FRUDIIUHGGDPHQWR
íaƒ&YDORUHSUHGHILQLWRƒ&
5DQJHWHPSHUDWXUHWHPSHUDWXUHPDQXDOL
/RVFRSRGLTXHVWDLPSRVWD]LRQHqTXHOORGLSUHYHQLUHODVHOH]LRQHGL
XQDWHPSHUDWXUDPDQXDOHHUUDWDFLRqWURSSRFDOGDRWURSSRIUHGGD
4XL VL SRVVRQR FRQILJXUDUH LO UDQJH WHPSHUDWXUH GL ULVFDOGDPHQWR
ULFKLHVWH H LO UDQJH WHPSHUDWXUH GL UDIIUHGGDPHQWR ULFKLHVWH
GLVSRQLELOL
127$
1HO FDVR GL XQ
DSSOLFD]LRQH FRQ ULVFDOGDPHQWR D
SDYLPHQWRqLPSRUWDQWHOLPLWDUH
ƒ OD WHPSHUDWXUD PDQXDOH PDVVLPD GXUDQWH LO
IXQ]LRQDPHQWR GHO ULVFDOGDPHQWR LQ EDVH DOOH
VSHFLILFKH GHOO
LQVWDOOD]LRQH GHO ULVFDOGDPHQWR D
SDYLPHQWR
ƒ OD WHPSHUDWXUD PDQXDOH PLQLPD GXUDQWH LO
IXQ]LRQDPHQWR GHO UDIIUHGGDPHQWR D aƒ& SHU
SUHYHQLUHODIRUPD]LRQHGLFRQGHQVDVXOSDYLPHQWR
127$
ƒ 4XDQGRVLUHJRODQRLUDQJHGHOOHWHPSHUDWXUHPDQXDOL
YHQJRQR UHJRODWH DQFKH WXWWH OH WHPSHUDWXUH PDQXDOL
ULFKLHVWHSHUJDUDQWLUHFKHULHQWULQRQHLOLPLWL
ƒ &UHDUH VHPSUH XQ HTXLOLEULR WUD WHPSHUDWXUD PDQXDOH
ULFKLHVWD FRQ OD WHPSHUDWXUD DPELHQWH ULFKLHVWD HR OD
FDSDFLWj LQ EDVH DO SURJHWWR H DOOD VHOH]LRQH GHL
WUDVPHWWLWRUL GL FDORUH /D WHPSHUDWXUD PDQXDOH
ULFKLHVWD q LO ULVXOWDWR GL QXPHURVH LPSRVWD]LRQL YDORUL
SUHLPSRVWDWL YDORUL GL VFRVWDPHQWR FXUYH FOLPDWLFKH
PRGXOD]LRQH'LFRQVHJXHQ]DVLSRWUHEEHURYHULILFDUH
WHPSHUDWXUH PDQXDOL WURSSR DOWH R WURSSR EDVVH FKH
SRWUHEEHUR FRQGXUUH D VRYUDWHPSHUDWXUH R D
XQ
LQVXIILFLHQ]D GHOOD FDSDFLWj /LPLWDQGR LO UDQJH
WHPSHUDWXUH PDQXDOL D YDORUL DGHJXDWL LQ EDVH DO
WUDVPHWWLWRUH GL FDORUH VL SRVVRQR HYLWDUH WDOL
VLWXD]LRQL
(VHPSLR ,PSRVWDUH OD WHPSHUDWXUD PDQXDOH PLQLPD VX ƒ& SHU
HYLWDUH GL 121 ULXVFLUH D ULVFDOGDUH O
DPELHQWH OH WHPSHUDWXUH
PDQXDOL GHYRQR HVVHUH VXIILFLHQWHPHQWH SL DOWH GHOOH WHPSHUDWXUH
DPELHQWHQHOULVFDOGDPHQWR
3UHLPSRVWDUHODWHPSHUDWXUDPDQXDOHSHUOD]RQDGLWHPSHUDWXUD
PDQXDOHRULJLQDOHQHOFDVR121VLDGLSHQGHQWHGDFRQGL]LRQL
PHWHRURORJLFKH
>@
>@
&RPIRUWULVFDOGDP
>@a>@YDORUHSUHGHILQLWRƒ&
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
Tt
Tt
L
L
R
0°C
R
TA
a
&RGLFH
>$@ >@
>$@ >@
b
D 7HPSHUDWXUDPDQXDOHULFKLHVWDDVVROXWD
E 7HPSHUDWXUD PDQXDOH ULFKLHVWD GLSHQGHQWH GD
FRQGL]LRQLPHWHRURORJLFKH
'HVFUL]LRQH
,OUDQJHWHPSHUDWXUHPDQXDOLSHUOD]RQDGLWHPSHUDWXUDPDQXDOH
RULJLQDOH OD]RQDGLWHPSHUDWXUDPDQXDOHFRQODSLEDVVD
WHPSHUDWXUDPDQXDOHGXUDQWHLOIXQ]LRQDPHQWRGHOULVFDOGDPHQWRH
ODSLDOWDWHPSHUDWXUDPDQXDOHGXUDQWHLOIXQ]LRQDPHQWRGHO
UDIIUHGGDPHQWR
1$
&RGLFH
>'@
7HPSPD[ULVF
DELOLWDWR/ ƒ&
aD VHFRQGD GHOO
XQLWj HVWHUQD YDORUH
SUHGHILQLWRƒ&
5 ƒ&íƒ&7$ƒ&
7HPSPLQULVF
DELOLWDWR/ ƒ&
5 ƒ&íƒ&7$ƒ&
7HPSPD[UDIIU
aƒ&YDORUHSUHGHILQLWRƒ&
>$@ >@
DELOLWDWR/ ƒ&
7HPSPLQUDIIU
5 ƒ&íƒ&7$ƒ&
aƒ&YDORUHSUHGHILQLWRƒ&
,OUDQJHWHPSHUDWXUHPDQXDOLSHUOD]RQDGLWHPSHUDWXUDPDQXDOH
DJJLXQWLYD OD]RQDGLWHPSHUDWXUDPDQXDOHFRQODSLEDVVD
WHPSHUDWXUDPDQXDOHGXUDQWHLOIXQ]LRQDPHQWRGHOULVFDOGDPHQWRH
ODSLDOWDWHPSHUDWXUDPDQXDOHGXUDQWHLOIXQ]LRQDPHQWRGHO
UDIIUHGGDPHQWR
>$@ >@
>$@ >@
aD VHFRQGD GHOO
XQLWj HVWHUQD YDORUH
SUHGHILQLWRƒ&
$SSOLFDELOHVROWDQWRQHOFRQWUROORGHOWHUPRVWDWRDPELHQWHHTXDQGR
q DELOLWDWD OD PRGXOD]LRQH /D PRGXOD]LRQH PDVVLPD YDULDQ]D
GHOOD WHPSHUDWXUD PDQXDOH ULFKLHVWD GHFLVD LQ EDVH DOOD GLIIHUHQ]D
WUD OD WHPSHUDWXUD DPELHQWH HIIHWWLYD H OD WHPSHUDWXUD DPELHQWH
ULFKLHVWD SHU HVHPSLR XQD PRGXOD]LRQH GL ƒ& VLJQLILFD FKH OD
WHPSHUDWXUDPDQXDOHULFKLHVWDSXzHVVHUHDXPHQWDWDRGLPLQXLWDGL
ƒ& /
DXPHQWR GHOOD PRGXOD]LRQH SHUPHWWH GL RWWHQHUH PLJOLRUL
SUHVWD]LRQL PHQR HYHQWL $WWLYDWR',6$77,9$72 ULVFDOGDPHQWR SL
UDSLGR PD ELVRJQD QRWDUH FKH D VHFRQGD GHO WUDVPHWWLWRUH GL
FDORUH YL GHYH VHPSUH HVVHUH XQ HTXLOLEULR YHGHUH LO SURJHWWR H OD
VHOH]LRQH GHL WUDVPHWWLWRUL GL FDORUH WUD OD WHPSHUDWXUD PDQXDOH
ULFKLHVWDHODWHPSHUDWXUDDPELHQWHULFKLHVWD
7HPSPLQULVF
7HPSPD[UDIIU
7HPSPLQUDIIU
aƒ&YDORUHSUHGHILQLWRƒ&
7HPSHUDWXUDVXSHUDPHQWRWHPSRUDQHRGHOODWHPSHUDWXUD
PDQXDOH
4XHVWDIXQ]LRQHGHILQLVFHGLTXDQWRODWHPSHUDWXUDGHOO
DFTXDSRVVD
VDOLUH DO GL VRSUD GHOOD WHPSHUDWXUD PDQXDOH ULFKLHVWD SULPD FKH VL
DUUHVWL LO FRPSUHVVRUH ,O FRPSUHVVRUH VL ULPHWWHUj LQ IXQ]LRQH XQD
YROWD FKH OD WHPSHUDWXUD PDQXDOH VDUj VFHVD DO GL VRWWR GHOOD
WHPSHUDWXUD PDQXDOH ULFKLHVWD 7DOH IXQ]LRQH q DSSOLFDELOH
VRODPHQWHQHOODPRGDOLWjGLULVFDOGDPHQWR
1$
&RGLFH
>@
5 ƒ&íƒ&7$ƒ&
0RGXOD]LRQHPDVVLPDGHOODWHPSHUDWXUDPDQXDOH
aƒ&YDORUHSUHGHILQLWRƒ&
>$@ >@
DELOLWDWR/ ƒ&
7HPSPD[ULVF
aƒ&YDORUHSUHGHILQLWRƒ&
>$@ >@
'HVFUL]LRQH
GLVDELOLWDWRYDORUHSUHGHILQLWR
aƒ&YDORUHSUHGHILQLWRƒ&
>$@ >@
TA
0°C
'HVFUL]LRQH
aƒ&YDORUHSUHGHILQLWRƒ&
&RPSHQVD]LRQHDWWRUQRDƒ&GHOODWHPSHUDWXUDPDQXDOH
'XUDQWHLOIXQ]LRQDPHQWRGHOULVFDOGDPHQWRODWHPSHUDWXUDPDQXDOH
ULFKLHVWD YLHQH DXPHQWDWD ORFDOPHQWH DWWRUQR DG XQD WHPSHUDWXUD
HVWHUQD GL ƒ& 4XHVWD FRPSHQVD]LRQH SXz HVVHUH VHOH]LRQDWD
XWLOL]]DQGR XQD WHPSHUDWXUD GHVLGHUDWD DVVROXWD R GLSHQGHQWH GD
FRQGL]LRQLPHWHRURORJLFKHYHGHUHODILJXUDVRWWR8WLOL]]DUHTXHVWD
LPSRVWD]LRQH SHU FRPSHQVDUH SRVVLELOL SHUGLWH GL FDORUH GHOO
HGLILFLR
TXDQGR OD WHPSHUDWXUD HVWHUQD q DWWRUQR D ƒ& SHU HVHPSLR QHL
SDHVLFRQFOLPDIUHGGR
1$
&RGLFH
>@
'HVFUL]LRQH
aƒ&YDORUHSUHGHILQLWRƒ&
9DORUHGLUHFXSHURGHOUDIIUHGGDPHQWRGLSHQGHQWHGDFRQGL]LRQL
PHWHRURORJLFKH
$SSOLFDELOH VROWDQWR SHU 5+%; H 5+9; ,O UDIIUHGGDPHQWR
GLSHQGHQWH GD FRQGL]LRQL PHWHRURORJLFKH SXz HVVHUH GLVDELOLWDWR LO
FKH VLJQLILFD FKH OD WHPSHUDWXUD PDQXDOH ULFKLHVWD QHO
IXQ]LRQDPHQWR GL UDIIUHGGDPHQWR QRQ GLSHQGH GDOOD WHPSHUDWXUD
DPELHQWH HVWHUQD H TXHVWR LQGLSHQGHQWHPHQWH GDO IDWWR FKH OD
IXQ]LRQH GLSHQGHQWH GD FRQGL]LRQL PHWHRURORJLFKH VLD VHOH]LRQDWD
RSSXUH 12 6LD SHU OD ]RQD GL WHPSHUDWXUD PDQXDOH RULJLQDOH FKH
SHU OD ]RQD GL WHPSHUDWXUD PDQXDOH DJJLXQWLYD TXHVWR SXz HVVHUH
LPSRVWDWRVHSDUDWDPHQWH
1$
&RGLFH
>@
'HVFUL]LRQH
,OUDIIUHGGDPHQWRGLSHQGHQWHGD
FRQGL]LRQLPHWHRURORJLFKHGHOOD]RQDGL
WHPSHUDWXUDPDQXDOHRULJLQDOHq«
GLVDELOLWDWRYDORUHSUHGHILQLWR
DELOLWDWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
&RGLFH
1$
>@
'HVFUL]LRQH
,OUDIIUHGGDPHQWRGLSHQGHQWHGD
FRQGL]LRQLPHWHRURORJLFKHGHOOD]RQDGL
WHPSHUDWXUDPDQXDOHDJJLXQWLYDq«
GLVDELOLWDWRYDORUHSUHGHILQLWR
DELOLWDWR
5DQJHWHPSHUDWXUHWHPSHUDWXUDDPELHQWH
$SSOLFDELOH VROWDQWR QHO FRQWUROOR GHO WHUPRVWDWR DPELHQWH 3HU
ULVSDUPLDUH HQHUJLD LPSHGHQGR LO VXUULVFDOGDPHQWR R LO
UDIIUHGGDPHQWR LQVXIILFLHQWH GHOO
DPELHQWH q SRVVLELOH OLPLWDUH LO
UDQJH WHPSHUDWXUH DPELHQWH SHU LO ULVFDOGDPHQWR HR LO
UDIIUHGGDPHQWR
6IDOVDPHQWRWHPSHUDWXUDDPELHQWH
$SSOLFDELOH VROWDQWR LQ FDVR GL FRQWUROOR GHO WHUPRVWDWR DPELHQWH ,O
VHQVRUH GHOOD WHPSHUDWXUD DPELHQWH HVWHUQD SXz HVVHUH WDUDWR Ê
SRVVLELOH DVVHJQDUH XQR VIDOVDPHQWR DO YDORUH GHO WHUPLVWRUH
DPELHQWH PLVXUDWR WUDPLWH LQWHUIDFFLD XWHQWH R VHQVRUH DPELHQWH
HVWHUQR/HLPSRVWD]LRQLSRVVRQRHVVHUHXWLOL]]DWHSHUFRPSHQVDUH
OH VLWXD]LRQL LQ FXL QRQ q SRVVLELOH LQVWDOODUH O
LQWHUIDFFLD XWHQWH R LO
VHQVRUH DPELHQWH HVWHUQR QHOOD SRVL]LRQH G
LQVWDOOD]LRQH LGHDOH
YHGHUH LO PDQXDOH G
LQVWDOOD]LRQH HR OD JXLGD GL ULIHULPHQWR
GHOO
LQVWDOODWRUH
&RGLFH
>$@
>$@
127$
4XDQGR VL UHJRODQR L UDQJH GHOOH WHPSHUDWXUH DPELHQWH
YHQJRQR UHJRODWH DQFKH WXWWH OH WHPSHUDWXUH DPELHQWH
ULFKLHVWHSHUJDUDQWLUHFKHULHQWULQRQHLOLPLWL
&RGLFH
>@
>@
>$@
>@
6IDOVVHQVDPEHVW$SSOLFDELOHVRORVHqLQVWDOODWDHFRQILJXUDWD
O
RS]LRQHGHOVHQVRUHDPELHQWHHVWHUQRYHGHUH>&@
>$@
7HPSPLQULVF
aƒ&YDORUHSUHGHILQLWRƒ&
>@
7HPSPD[UDIIU
127$
$QFKHVHLOFRQWUROORWHUPRVWDWRDPELHQWHq',6$77,9$72
VXOO
LQWHUIDFFLD XWHQWH OD SURWH]LRQH DQWLJHOR DPELHQWH
ULPDQHDWWLYD
7HPSPLQUDIIU
aƒ&YDORUHSUHGHILQLWRƒ&
*UDGLQRGHOODWHPSHUDWXUDDPELHQWH
$SSOLFDELOH VROR QHO FRQWUROOR GHO WHUPRVWDWR DPELHQWH H TXDQGR OD
WHPSHUDWXUDqYLVXDOL]]DWDLQƒ&
>$@
&RGLFH
1$
*UDGLQRWHPSDPELHQWH
ƒ ƒ& /D WHPSHUDWXUD DPELHQWH
ULFKLHVWD VXOO
LQWHUIDFFLD XWHQWH q
LPSRVWDELOH LQ JUDGLQL GL ƒ& /D
WHPSHUDWXUD DPELHQWH HIIHWWLYD YLHQH
YLVXDOL]]DWD FRQ XQD SUHFLVLRQH GL
ƒ&
,VWHUHVLGHOODWHPSHUDWXUDDPELHQWH
$SSOLFDELOHVROWDQWRLQFDVRGLFRQWUROORGHOWHUPRVWDWRDPELHQWH/D
IDVFLD G
LVWHUHVL DWWRUQR DOOD WHPSHUDWXUD DPELHQWH ULFKLHVWD SXz
HVVHUH LPSRVWDWD 5RWH[ VHJQDOD GL 121 PRGLILFDUH O
LVWHUHVL GHOOD
WHPSHUDWXUDDPELHQWHGDWRFKHqLPSRVWDWDSHUXQXVRRWWLPDOHGHO
VLVWHPD
a
1$
'HVFUL]LRQH
3URWDQWLJHORDPE
GLVDELOLWDWR
DELOLWDWDLPSRVWD]LRQHSUHGHILQLWD
1$
>@
7HPSHUDWXUDDQWLJHORDPELHQWH
aƒ&YDORUHSUHGHILQLWRƒ&
9DOYRODGLLQWHUFHWWD]LRQH
$SSOLFDELOHVRORLQFDVRGL]RQHGLWHPSHUDWXUDPDQXDOH
/
XVFLWDGHOODYDOYRODGLLQWHUFHWWD]LRQHFKHqOD]RQDGLWHPSHUDWXUD
PDQXDOHRULJLQDOHqFRQILJXUDELOH
,1)250$=,21,
'XUDQWH O
RSHUD]LRQH GL VEULQDPHQWR OD YDOYROD GL
LQWHUFHWWD]LRQHqVHPSUHDSHUWD
)XQ]WHUPLFD$WW'LVODYDOYRODVLFKLXGHLQEDVHD>)%@TXDQGR
QRQ YL q DOFXQ ULVFDOGDPHQWR HR ULFKLHVWD GHOO
DPELHQWH QHOOD ]RQD
SULQFLSDOH$ELOLWDUHTXHVWDLPSRVWD]LRQHVX
ƒ HYLWDUHODIRUQLWXUDGLDFTXDLQXVFLWDDLWUDVPHWWLWRULGLFDORUHQHOOD
]RQD 7PDQ RULJLQDOH DWWUDYHUVR OD VWD]LRQH GHOOD YDOYROD GL
PLVFHOD]LRQH TXDQGR q SUHVHQWH XQD ULFKLHVWD SURYHQLHQWH GDOOD
]RQD7PDQDJJLXQWLYD
7HPSHUDWXUDLQWHUQD
7HPSHUDWXUDDPELHQWHHIIHWWLYD
7HPSHUDWXUDDPELHQWHGHVLGHUDWD
7HPSR
&RGLFH
>&@
'HVFUL]LRQH
aƒ&YDORUHSUHGHILQLWRƒ&
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RGLFH
>@
ƒ DWWLYDUH OD SRPSD GL $WWLYD]LRQH',6$77,9$=,21( GHOOD VWD]LRQH
GHOOD YDOYROD GL PLVFHOD]LRQH VROR VH F
q XQD ULFKLHVWD 9HGHUH
/LQHHJXLGDUHODWLYHDOO
DSSOLFD]LRQHDSDJLQD
b
c
d
D
E
F
G
1$
'HVFUL]LRQH
ƒ ƒ&
YDORUH
SUHGHILQLWR
/D
WHPSHUDWXUD
DPELHQWH
ULFKLHVWD
VXOO
LQWHUIDFFLD XWHQWH q LPSRVWDELOH LQ
JUDGLQLGLƒ&
[9-0C]
íaƒ&JUDGLQRGLƒ&YDORUH
SUHGHILQLWRƒ&
$SSOLFDELOHVROWDQWRLQFDVRGLFRQWUROORGHOWHUPRVWDWRDPELHQWH6H
OD WHPSHUDWXUD DPELHQWH HIIHWWLYD VFHQGH DO GL VRWWR GHOOD
WHPSHUDWXUD GL JHOR DPELHQWH O
XQLWj IRUQLUj DFTXD LQ XVFLWD QHO
PRGR IXQ]LRQDPHQWR ULVFDOGDPHQWR DL WUDVPHWWLWRUL GL FDORUH SHU
ULVFDOGDUHQXRYDPHQWHO
DPELHQWH
aƒ&YDORUHSUHGHILQLWRƒ&
>$@
>@
3URWH]LRQHDQWLJHORDPELHQWH
7HPSPD[ULVF
aƒ&YDORUHSUHGHILQLWRƒ&
>$@
íaƒ&JUDGLQRGLƒ&YDORUH
SUHGHILQLWRƒ&
'HVFUL]LRQH
5DQJHWHPSDPELHQWH
>$@
'HVFUL]LRQH
6IDOVWHPSDPE6IDOVDPHQWRGHOODWHPSHUDWXUDDPELHQWH
HIIHWWLYDPLVXUDWDVXOVHQVRUHGHOO
LQWHUIDFFLDXWHQWH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
&RGLFH
>$@ >)%@
/DYDOYRODGLLQWHUFHWWD]LRQH
1RLPSRVWD]LRQHSUHGHILQLWD121q
LQIOXHQ]DWD
GDOOD
ULFKLHVWD
GL
ULVFDOGDPHQWRRUDIIUHGGDPHQWR
6u VL FKLXGH VH QRQ YL q 1(6681$
ULFKLHVWD
GL
ULVFDOGDPHQWR
R
UDIIUHGGDPHQWR
,1)250$=,21,
/
LPSRVWD]LRQH>)%@qYDOLGDVRORVHYLqXQWHUPRVWDWRR
XQ
LPSRVWD]LRQH GL ULFKLHVWD GL XQ WHUPRVWDWR DPELHQWH
HVWHUQR 121 QHO FDVR GL LPSRVWD]LRQH GHOOD WHPSHUDWXUD
PDQXDOH
5DIIUHGGDPHQWR$SSOLFDELOHVROWDQWRSHU5+%;H5+9;/DYDOYROD
GLLQWHUFHWWD]LRQHVLFKLXGHLQEDVHD>)&@TXDQGRO
XQLWjIXQ]LRQD
QHO PRGR IXQ]LRQDPHQWR GL UDIIUHGGDPHQWR $ELOLWDUH
TXHVW
LPSRVWD]LRQHSHUHYLWDUHODSUHVHQ]DGLDFTXDLQXVFLWDIUHGGD
DWWUDYHUVRLOWUDVPHWWLWRUHGLFDORUHHODIRUPD]LRQHGLFRQGHQVDSHU
HVHPSLR DWWUDYHUVR JOL DQHOOL GL ULVFDOGDPHQWR D SDYLPHQWR R L
UDGLDWRUL
&RGLFH
>$@ >)&@
'HVFUL]LRQH
/DYDOYRODGLLQWHUFHWWD]LRQH
1R 121 q LQIOXHQ]DWD GDO
FDPELDPHQWR GHO PRGR IXQ]LRQDPHQWR
DPELHQWHLQUDIIUHGGDPHQWR
6uLPSRVWD]LRQH SUHGHILQLWD VL
FKLXGH TXDQGR LO PRGR IXQ]LRQDPHQWR
DPELHQWHqLOUDIIUHGGDPHQWR
5DQJHGLIXQ]LRQDPHQWR
,Q EDVH DOOD WHPSHUDWXUD HVWHUQD PHGLD LO IXQ]LRQDPHQWR GHOO
XQLWj
GHO ULVFDOGDPHQWR DPELHQWH R QHO UDIIUHGGDPHQWR DPELHQWH q
SURLELWR
7HPS GLV ULVF DPE 6H OD WHPSHUDWXUD HVWHUQD PHGLD VDOH DO GL
VRSUD GL TXHVWR YDORUH LO ULVFDOGDPHQWR DPELHQWH YLHQH
',6$77,9$72SHUHYLWDUHLOVXUULVFDOGDPHQWR
>$@
&RGLFH
>@
UDIIUHGGDPHQWR6HLOPRGRIXQ]LRQDPHQWRDPPHVVRFDPELDVROR
LQ UDIIUHGGDPHQWR LO PRGR IXQ]LRQDPHQWR FDPELD LQ
UDIIUHGGDPHQWR6HLOPRGRIXQ]LRQDPHQWRDPPHVVRFDPELDVROR
LQULVFDOGDPHQWRLOPRGRIXQ]LRQDPHQWRFDPELDLQULVFDOGDPHQWR
'HVFUL]LRQH
'HVFUL]LRQH
ƒ 5+%+; H 5+9+;
aƒ&YDORUHSUHGHILQLWRƒ&
ƒ 5+%+; H 5+9+; aƒ&
YDORUHSUHGHILQLWRƒ&
ƒ 7HPSHUDWXUD HVWHUQD PHGLD LO PRGR IXQ]LRQDPHQWR YHUUj
FDPELDWR SHU ULHQWUDUH VHPSUH QHO UDQJH GHWHUPLQDWR GDOOD
WHPSHUDWXUD GHO ULVFDOGDPHQWR DPELHQWH ',6$77,9$72 SHU LO
ULVFDOGDPHQWR H GDOOD WHPSHUDWXUD GHO UDIIUHGGDPHQWR DPELHQWH
$WWLYDWRSHULOUDIIUHGGDPHQWR6HODWHPSHUDWXUDHVWHUQDVFHQGH
LOPRGRIXQ]LRQDPHQWRSDVVDDULVFDOGDPHQWRHYLFHYHUVD1RWDUH
FKH OD PHGLD GHOOD WHPSHUDWXUD HVWHUQD YHUUj IDWWD LQ EDVH DO
WHPSRYHGHUH&RQILJXUD]LRQHDSDJLQD
6H OD WHPSHUDWXUD HVWHUQD q FRPSUHVD WUD OD WHPSHUDWXUD GL
UDIIUHGGDPHQWRDPELHQWH$WWLYDWRHODWHPSHUDWXUDGLULVFDOGDPHQWR
DPELHQWH',6$77,9$72LOPRGRIXQ]LRQDPHQWRULPDQHLQYDULDWRD
PHQR FKH LO VLVWHPD QRQ VLD FRQILJXUDWR QHO FRQWUROOR WHUPRVWDWR
DPELHQWHFRQXQD]RQDGLWHPSHUDWXUDPDQXDOHHGHLWUDVPHWWLWRULGL
ULVFDOGDPHQWRUDSLGR,QWDOFDVRLOPRGRIXQ]LRQDPHQWRFDPELHUjLQ
EDVHD
ƒ 7HPSHUDWXUD LQWHUQD PLVXUDWD ROWUH DOOD WHPSHUDWXUD DPELHQWH
ULFKLHVWD SHU LO ULVFDOGDPHQWR H LO UDIIUHGGDPHQWR O
LQVWDOODWRUH
LPSRVWDXQYDORUHG
LVWHUHVLSHUHVHPSLRGXUDQWHLOULVFDOGDPHQWR
TXHVWR YDORUH q FROOHJDWR DOOD WHPSHUDWXUD GL UDIIUHGGDPHQWR
ULFKLHVWD H XQ YDORUH GL VIDOVDPHQWR SHU HVHPSLR GXUDQWH LO
ULVFDOGDPHQWR TXHVWR YDORUH q FROOHJDWR DOOD WHPSHUDWXUD GL
ULVFDOGDPHQWR ULFKLHVWD (VHPSLR OD WHPSHUDWXUD DPELHQWH
ULFKLHVWDSHULOULVFDOGDPHQWRqGLƒ&HSHULOUDIIUHGGDPHQWRqGL
ƒ& FRQ XQ YDORUH G
LVWHUHVL GL ƒ& HG XQR VIDOVDPHQWR GL ƒ&
/D FRPPXWD]LRQH GDO ULVFDOGDPHQWR DO UDIIUHGGDPHQWR VL
YHULILFKHUjTXDQGRODWHPSHUDWXUDDPELHQWHVDOLUjDOGLVRSUDGHOOD
WHPSHUDWXUD PDVVLPD GL UDIIUHGGDPHQWR ULFKLHVWD DGGL]LRQDWD GHO
YDORUH G
LVWHUHVL TXLQGL ƒ& H DO GL VRSUD GHOOD WHPSHUDWXUD GL
ULVFDOGDPHQWR ULFKLHVWD DGGL]LRQDWD GHO YDORUH GL VIDOVDPHQWR
TXLQGLƒ&$OFRQWUDULRODFRPPXWD]LRQHGDOUDIIUHGGDPHQWRDO
ULVFDOGDPHQWRVLYHULILFKHUjVHODWHPSHUDWXUDDPELHQWHVFHQGHUj
DOGLVRWWRGHOPLQLPRGHOODWHPSHUDWXUDGLULVFDOGDPHQWRULFKLHVWD
GLPLQXLWD GHO YDORUH G
LVWHUHVL TXLQGL ƒ& H DO GL VRWWR GHOOD
WHPSHUDWXUD GL UDIIUHGGDPHQWR ULFKLHVWD GLPLQXLWD GHO YDORUH GL
VIDOVDPHQWRTXLQGLƒ&
ƒ 7LPHU GL SURWH]LRQH SHU HYLWDUH FDPELDPHQWL WURSSR IUHTXHQWL GDO
ULVFDOGDPHQWRDOUDIIUHGGDPHQWRHYLFHYHUVD
,PSRVWD]LRQL GL FRPPXWD]LRQH FROOHJDWH DOOD WHPSHUDWXUD HVWHUQD
VRORVHqVHOH]LRQDWR$XWRPDWLFR
>$@
&RGLFH
>@
/D VWHVVD LPSRVWD]LRQH YLHQH XVDWD
DQFKH QHOOD FRPPXWD]LRQH DXWRPDWLFD
ULVFDOGDPHQWRUDIIUHGGDPHQWR
ƒ 5+%+; H 5+9+;
aƒ&YDORUHSUHGHILQLWRƒ&
7HPSDWWUDIIUDPE$SSOLFDELOHVROWDQWRSHU5+%;H5+9;6HOD
WHPSHUDWXUD HVWHUQD PHGLD VFHQGH DO GL VRWWR GL TXHVWR YDORUH LO
UDIIUHGGDPHQWRDPELHQWHYLHQH',6$77,9$72
>$@
&RGLFH
>)@
'HVFUL]LRQH
aƒ&YDORUHSUHGHILQLWRƒ&
/D VWHVVD LPSRVWD]LRQH YLHQH XVDWD
DQFKH QHOOD FRPPXWD]LRQH DXWRPDWLFD
ULVFDOGDPHQWRUDIIUHGGDPHQWR
&RPPXWD]LRQHDXWRPDWLFDULVFDOGDPHQWRUDIIUHGGDPHQWR
$SSOLFDELOHVROWDQWRSHU5+%;H5+9;/
XWHQWHILQDOHLPSRVWDLO
'HVFUL]LRQH
7HPSGLVULVFDPE6HODWHPSHUDWXUD
HVWHUQDVDOHDOGLVRSUDGLTXHVWRYDORUH
LOPRGRIXQ]LRQDPHQWRFDPELHUjLQ
UDIIUHGGDPHQWR
ƒ 5+%+; H 5+9+; aƒ&
YDORUHSUHGHILQLWRƒ&
>$@
>)@
7HPSDWWUDIIUDPE6HODWHPSHUDWXUD
HVWHUQDVFHQGHDOGLVRWWRGLTXHVWR
YDORUHLOPRGRIXQ]LRQDPHQWRFDPELHUj
LQULVFDOGDPHQWR
aƒ&YDORUHSUHGHILQLWRƒ&
,PSRVWD]LRQLGLFRPPXWD]LRQHFROOHJDWHDOODWHPSHUDWXUDLQWHUQD
$SSOLFDELOHVROWDQWRVHqVHOH]LRQDWR$XWRPDWLFRHLOVLVWHPDq
FRQILJXUDWRQHOFRQWUROORWHUPRVWDWRDPELHQWHFRQ]RQDGL
WHPSHUDWXUDPDQXDOHHGHLWUDVPHWWLWRULGLULVFDOGDPHQWRUDSLGR
PRGR
IXQ]LRQDPHQWR
GHVLGHUDWR
VXOO
LQWHUIDFFLD
XWHQWH
5LVFDOGDPHQWR 5DIIUHGGDPHQWR R $XWRPDWLFR YHGHUH DQFKH LO
PDQXDOH G
XVROD JXLGD GL ULIHULPHQWR SHU O
XWHQWH 6H VL VHOH]LRQD
$XWRPDWLFRLOFDPELDPHQWRGHOPRGRIXQ]LRQDPHQWRVLEDVDVX
ƒ 9DORUH GL UHFXSHUR PHQVLOH SHU LO ULVFDOGDPHQWR HR
UDIIUHGGDPHQWR O
XWHQWH ILQDOH LQGLFD VX EDVH PHQVLOH TXDOH
RSHUD]LRQH q DPPHVVD >@ HQWUDPEL ULVFDOGDPHQWR
UDIIUHGGDPHQWR R VROR ULVFDOGDPHQWR RSSXUH VROR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
1$
&RGLFH
>%@
'HVFUL]LRQH
aƒ& JUDGLQL
SUHGHILQLWRƒ&
1$
>'@
GL
ƒ&
YDORUH
6IDOVDPHQWR$VVLFXUDFKHSRVVDHVVHUH
UDJJLXQWDODWHPSHUDWXUDDPELHQWH
ULFKLHVWDDWWLYD(VHPSLRVHOD
FRPPXWD]LRQHGDULVFDOGDPHQWRD
UDIIUHGGDPHQWRVLSRWUHEEHYHULILFDUHDO
GLVRWWRGHOODWHPSHUDWXUDDPELHQWH
ULFKLHVWDGXUDQWHLOULVFDOGDPHQWRTXHVWD
WHPSHUDWXUDDPELHQWHULFKLHVWDQRQ
SRWUHEEHPDLHVVHUHUDJJLXQWD
aƒ& JUDGLQL
SUHGHILQLWRƒ&
,VWHUHVL$VVLFXUDFKHODFRPPXWD]LRQH
DYYHQJDVRORTXDQGRQHFHVVDULR
(VHPSLRLOPRGRIXQ]LRQDPHQWR
DPELHQWHFDPELDGDUDIIUHGGDPHQWRD
ULVFDOGDPHQWRVRORVHODWHPSHUDWXUD
DPELHQWHVFHQGHDOGLVRWWRGHOOD
WHPSHUDWXUDGLULVFDOGDPHQWRULFKLHVWD
GLPLQXLWDGHOO
LVWHUHVL
GL
ƒ&
YDORUH
&RQWUROORGHOO
DFTXDFDOGDVDQLWDULD
DYDQ]DWR
>@
/HLPSRVWD]LRQLLQVWDOODWRUHGLSHQGHQWLGDFRQGL]LRQLPHWHRURORJLFKH
GHILQLVFRQRLSDUDPHWULSHULOIXQ]LRQDPHQWRGHOO
XQLWjGLSHQGHQWHGD
FRQGL]LRQL PHWHRURORJLFKH 4XDQGR q DWWLYR LO IXQ]LRQDPHQWR
GLSHQGHQWH GD FRQGL]LRQL PHWHRURORJLFKH OD WHPSHUDWXUD VHUEDWRLR
ULFKLHVWD YLHQH GHWHUPLQDWD DXWRPDWLFDPHQWH LQ EDVH DOOD
WHPSHUDWXUDHVWHUQDPHGLDEDVVHWHPSHUDWXUHHVWHUQHSRUWHUDQQRD
WHPSHUDWXUH VHUEDWRLR ULFKLHVWH SL DOWH GDWR FKH GDO UXELQHWWR
GHOO
DFTXD IUHGGD XVFLUj DFTXD SL IUHGGD H YLFHYHUVD ,Q FDVR GL
SUHSDUD]LRQH GL DFTXD FDOGD VDQLWDULD SURJUDPPDWD RSSXUH
SURJUDPPDWDVRJJHWWDDULVFDOGDPHQWRSUHYHQWLYRHPDQWHQLPHQWR
ODWHPSHUDWXUDGLFRPIRUWFRQVHUYD]LRQHqGLSHQGHQWHGDFRQGL]LRQL
PHWHRURORJLFKH LQ EDVH DOOD FXUYD FOLPDWLFD OD WHPSHUDWXUD GL
HFRQRPLD GL FRQVHUYD]LRQH H OD WHPSHUDWXUD GL ULVFDOGDPHQWR
SUHYHQWLYR H PDQWHQLPHQWR 121 VRQR GLSHQGHQWL GD FRQGL]LRQL
PHWHRURORJLFKH,QFDVRGLSUHSDUD]LRQHGLDFTXDFDOGDVDQLWDULDFRQ
LO VROR ULVFDOGDPHQWR SUHYHQWLYR H PDQWHQLPHQWR OD WHPSHUDWXUD
VHUEDWRLR ULFKLHVWD q GLSHQGHQWH GD FRQGL]LRQL PHWHRURORJLFKH LQ
EDVH DOOD FXUYD FOLPDWLFD 'XUDQWH LO IXQ]LRQDPHQWR GLSHQGHQWH GD
FRQGL]LRQL PHWHRURORJLFKH O
XWHQWH ILQDOH QRQ SXz UHJRODUH OD
WHPSHUDWXUDVHUEDWRLRULFKLHVWDVXOO
LQWHUIDFFLDXWHQWH
>$@
$SSOLFDELOH VROR VH OD SUHSDUD]LRQH GHOO
DFTXD FDOGD VDQLWDULD q
SURJUDPPDWD RSSXUH SURJUDPPDWD VRJJHWWD D ULVFDOGDPHQWR
SUHYHQWLYRHPDQWHQLPHQWR
6LSRVVRQRGHILQLUHGHOOHWHPSHUDWXUHVHUEDWRLRSUHLPSRVWDWH
ƒ HFRQRPLDFRQVHUYD]LRQH
ƒ FRPIRUWFRQVHUYD]LRQH
ƒ ULVFDOGDPHQWRSUHYHQWLYRHPDQWHQLPHQWR
, YDORUL SUHLPSRVWDWL IDFLOLWDQR O
XWLOL]]R GHOOR VWHVVR YDORUH QHO
SURJUDPPD 6H SL DYDQWL VL YROHVVH FDPELDUH LO YDORUH VDUHEEH
DOORUDQHFHVVDULRIDUORVROWDQWRLQSRVWRYHGHUHDQFKHLOPDQXDOH
G
XVRHRODJXLGDGLULIHULPHQWRSHUO
XWHQWH
&RPIRUWFRQVHUYD]$SSOLFDELOHVROWDQWRVHODWHPSHUDWXUDVHUEDWRLR
ULFKLHVWD 121 q GLSHQGHQWH GD FRQGL]LRQL PHWHRURORJLFKH /D
WHPSHUDWXUD GL FRPIRUW FRQVHUYD]LRQH GHQRWD OD WHPSHUDWXUD
VHUEDWRLR ULFKLHVWD SL DOWD GRYH LO FLFOR GL ULVFDOGDPHQWR VHUEDWRLR
ULFHYH OD SULRULWj ILQR DO VHW SRLQW GHO ULVFDOGDPHQWR SUHYHQWLYR H
PDQWHQLPHQWR (VVD q OD WHPSHUDWXUD GHVLGHUDWD TXDQGR q
SURJUDPPDWD XQ
D]LRQH GL FRPIRUW FRQVHUYD]LRQH SUHIHULELOPHQWH
GXUDQWHODQRWWH
>@
&RGLFH
>$@
'HVFUL]LRQH
'HVFUL]LRQH
aƒ&YDORUHSUHGHILQLWRƒ&
'LSHQGHQWHGDFRQGL]LRQLPHWHRURORJLFKH
7HPSHUDWXUHVHUEDWRLRSUHLPSRVWDWH
&RGLFH
>&@
&RGLFH
1$
'HVFUL]LRQH
/DWHPSHUDWXUDVHUEDWRLRULFKLHVWD
GLSHQGHQWHGDFRQGL]LRQLFOLPDWLFKHq
ƒ $VVROXWR LPSRVWD]LRQH SUHGHILQLWD
GLVDELOLWDWD 7XWWH OH WHPSHUDWXUH
VHUEDWRLR ULFKLHVWH 121 VRQR
GLSHQGHQWLGDFRQGL]LRQLFOLPDWLFKH
ƒ 'LS GD PHWHR DELOLWDWD 1HO PRGR
SURJUDPPDWR RSSXUH SURJUDPPDWR
ULVFDOGDPHQWR
SUHYHQWLYR
H
PDQWHQLPHQWR OD WHPSHUDWXUD GL
FRPIRUW FRQVHUYD]LRQH q GLSHQGHQWH
GD FRQGL]LRQL PHWHRURORJLFKH /H
WHPSHUDWXUH
GL
HFRQRPLD
GL
FRQVHUYD]LRQH H GL ULVFDOGDPHQWR
SUHYHQWLYRHPDQWHQLPHQWR121VRQR
GLSHQGHQWL
GD
FRQGL]LRQL
PHWHRURORJLFKH 1HO PRGR GL
ULVFDOGDPHQWR
SUHYHQWLYR
H
PDQWHQLPHQWR
OD
WHPSHUDWXUD
VHUEDWRLR ULFKLHVWD q GLSHQGHQWH GD
FRQGL]LRQLPHWHRURORJLFKH
1RWD 6H OD WHPSHUDWXUD VHUEDWRLR
YLVXDOL]]DWD
q
GLSHQGHQWH
GD
FRQGL]LRQL PHWHRURORJLFKH QRQ SXz
HVVHUHUHJRODWDVXOO
LQWHUIDFFLDXWHQWH
aƒ&YDORUHSUHGHILQLWRƒ&
0RGR HFRQ FRQVHUY /D WHPSHUDWXUD GHOO
HFRQRPLD GL
FRQVHUYD]LRQH GHQRWD OD WHPSHUDWXUD VHUEDWRLR ULFKLHVWD SL EDVVD
(VVDqODWHPSHUDWXUDGHVLGHUDWDTXDQGRqSURJUDPPDWDXQ
D]LRQH
GLHFRQRPLDGLFRQVHUYD]LRQHSUHIHULELOPHQWHGXUDQWHLOJLRUQR
>@
&RGLFH
>%@
'HVFUL]LRQH
aƒ&YDORUHSUHGHILQLWRƒ&
5LVF SUHY H PDQWHQ 9LHQH XVDWD OD WHPSHUDWXUD VHUEDWRLR GL
ULVFDOGDPHQWRSUHYHQWLYRHPDQWHQLPHQWRULFKLHVWD
ƒ QHO PRGR SURJUDPPDWR PRGR ULVFDOGDPHQWR SUHYHQWLYR H
PDQWHQLPHQWR FRPH WHPSHUDWXUD VHUEDWRLR PLQLPD JDUDQWLWD VH
OD WHPSHUDWXUD VHUEDWRLR VFHQGH DO GL VRWWR GL TXHVWR YDORUH LO
VHUEDWRLRYLHQHULVFDOGDWR
ƒ GXUDQWH LO FRPIRUW FRQVHUYD]LRQH SHU GDUH OD SULRULWj DOOD
SUHSDUD]LRQH GHOO
DFTXD FDOGD VDQLWDULD 4XDQGR OD WHPSHUDWXUD
VHUEDWRLR VDOH DO GL VRSUD GL TXHVWR YDORUH YHQJRQR HVHJXLWL LQ
VHTXHQ]D OD SUHSDUD]LRQH GHOO
DFTXD FDOGD VDQLWDULD H LO
ULVFDOGDPHQWRUDIIUHGGDPHQWRDPELHQWH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
>$@
&RGLFH
>(@
&XUYDFOLPDWLFD
>'@
>&@
)XQ]LRQDPHQWRGHOVXUULVFDOGDWRUHHGHOODSRPSDGLFDORUH
'HVFUL]LRQH
3HU L VLVWHPL FRQ VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD VHSDUDWR
VRORSHU5+%+;
TDHW
[0-0C]
1$
>%@
[0-0B]
[0-0E]
ƒ 7'+: /D
ULFKLHVWD
[0-0D]
Ta
WHPSHUDWXUD
VHUEDWRLR
ƒ 7D /D WHPSHUDWXUD DPELHQWH HVWHUQD
PHGLD
ƒ >(@ WHPSHUDWXUD DPELHQWH HVWHUQD
EDVVD íaƒ& YDORUH SUHGHILQLWR
íƒ&
ƒ >'@ WHPSHUDWXUD DPELHQWH HVWHUQD
DOWD aƒ& YDORUH SUHGHILQLWR
ƒ&
ƒ >&@WHPSHUDWXUDVHUEDWRLRULFKLHVWD
TXDQGR OD WHPSHUDWXUD HVWHUQD q
XJXDOH DOOD R VFHQGH DO GL VRWWR GHOOD
WHPSHUDWXUD
DPELHQWH
EDVVD
aƒ&YDORUHSUHGHILQLWRƒ&
ƒ >%@WHPSHUDWXUDVHUEDWRLRULFKLHVWD
TXDQGR OD WHPSHUDWXUD HVWHUQD q
XJXDOH DOOD R VDOH DO GL VRSUD GHOOD
WHPSHUDWXUD DPELHQWH DOWD aƒ&
YDORUHSUHGHILQLWRƒ&
>$@
1$
7HPSHUSURJUDPPD
/H D]LRQL SRVVLELOL GHOOD WHPSHUDWXUD
VHUEDWRLRVRQR
ƒ )XQ]
SUHLPS
LPSRVWD]LRQH
SUHGHILQLWDOHWHPSHUDWXUHSUHGHILQLWH
FRPIRUW FRQVHUYD]LRQH HFRQRPLD
FRQVHUYD]LRQH
H
DUUHVWR
FRQVHUYD]LRQH
/H
WHPSHUDWXUH
SUHGHILQLWH YHQJRQR LPSRVWDWH QHOOD
VWUXWWXUDGHOPHQX
ƒ 3HUVRQDOL]]
OH
WHPSHUDWXUH
SHUVRQDOL]]DWHHQWURLOUDQJHDPPHVVR
HO
DUUHVWRFRQVHUYD]LRQH
1RWD 4XDQGR VL VHOH]LRQD TXHVWR
YDORUH121qSRVVLELOHVHOH]LRQDUHOH
WHPSHUDWXUH VHUEDWRLR GLSHQGHQWL GD
FRQGL]LRQLPHWHRURORJLFKH
&RGLFH
>@
'HVFUL]LRQH
'HILQLVFHLOSHUPHVVRGLIXQ]LRQDPHQWR
GHOVXUULVFDOGDWRUHDVHFRQGDGHOOD
WHPSHUDWXUDDPELHQWHGHOODWHPSHUDWXUD
GHOO
DFTXDFDOGDVDQLWDULDRGHOPRGR
IXQ]LRQDPHQWRGHOODSRPSDGLFDORUH
4XHVWDLPSRVWD]LRQHqDSSOLFDELOH
VROWDQWRQHOPRGRULVFDOGDPHQWR
SUHYHQWLYRHPDQWHQLPHQWRSHU
DSSOLFD]LRQLFRQVHUEDWRLRGHOO
DFTXD
FDOGDVDQLWDULDVHSDUDWR
ƒ ,OIXQ]LRQDPHQWRGHOVXUULVFDOGDWRUH
121 q DPPHVVR HFFHWWR FKH SHU OD
)XQ]LRQH
GLVLQIH]LRQH
H
LO
5LVFDOGDPHQWR 3RZHUIXO GHOO
DFTXD
VDQLWDULD
8WLOL]]DUH TXHVWD IXQ]LRQH VROR QHO
FDVR LQ FXL OD FDSDFLWj GHOOD
SRPSD GL FDORUH SRVVD FRSULUH OH
HVLJHQ]H
GL
ULVFDOGDPHQWR
GHOO
DELWD]LRQH H GL DFTXD FDOGD
VDQLWDULD SHU O
LQWHUD VWDJLRQH GL
ULVFDOGDPHQWR
6H OD WHPSHUDWXUD HVWHUQD q LQIHULRUH
DOO
LPSRVWD]LRQH >@ H >@ O
DFTXD FDOGD VDQLWDULD QRQ YHUUj
ULVFDOGDWD /D WHPSHUDWXUD GHOO
DFTXD
FDOGDVDQLWDULDSXzHVVHUHDOPDVVLPR
ODWHPSHUDWXUDFRQODSRPSDGLFDORUH
',6$77,9$7$
ƒ ,OIXQ]LRQDPHQWRGHOVXUULVFDOGDWRUH
qDPPHVVRTXDQGRULFKLHVWR
ƒ ,O VXUULVFDOGDWRUH q DPPHVVR DO GL
IXRUL GHO UDQJH GL IXQ]LRQDPHQWR GHOOD
SRPSD GL FDORUH SHU LO IXQ]LRQDPHQWR
GHOO
DFTXDFDOGDVDQLWDULD
,O IXQ]LRQDPHQWR GHO VXUULVFDOGDWRUH q
DPPHVVRVROWDQWRVH
ƒ /D WHPSHUDWXUD DPELHQWH q DO GL
IXRUL GHO UDQJH GL IXQ]LRQDPHQWR
7D>@R7D!ƒ&
ƒ /D WHPSHUDWXUD GHOO
DFTXD FDOGD
VDQLWDULD q GL ƒ& LQIHULRUH DOOD
WHPSHUDWXUDFRQODSRPSDGLFDORUH
',6$77,9$7$
,O VXUULVFDOGDWRUH SRWUj IXQ]LRQDUH VH
7D>@GLSHQGHUjGDOORVWDWRGL>@
6H q DELOLWDWR LO IXQ]LRQDPHQWR ELYDOHQWH
H LO VHJQDOH GL DXWRUL]]D]LRQH SHU OD
FDOGDLD DXVLOLDULD q $77,9$72 LO
VXUULVFDOGDWRUH VDUj OLPLWDWR DQFKH
TXDQGR7D>@9HGHUH>&@
ƒ LPSRVWD]LRQH SUHGHILQLWD ,O
VXUULVFDOGDWRUH q DPPHVVR TXDQGR OD
SRPSD GL FDORUH 121 q DWWLYD QHO
IXQ]LRQDPHQWR
GHOO
DFTXD
FDOGD
VDQLWDULD
,GHQWLFR DOO
LPSRVWD]LRQH SHUz LO
IXQ]LRQDPHQWR
VLPXOWDQHR
GHOOD
SRPSD GL FDORUH GHOO
DFTXD FDOGD
VDQLWDULD H LO IXQ]LRQDPHQWR GHO
VXUULVFDOGDWRUHQRQqDPPHVVR
4XDQGR VL LPSRVWD >@ LO
IXQ]LRQDPHQWR GHO VXUULVFDOGDWRUH SXz
DQFRUDHVVHUHOLPLWDWRGDOSURJUDPPDGL
UHFXSHURGHOVXUULVFDOGDWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
&RGLFH
1$
>@
7HPSHUDWXUDVXSHUDPHQWRWHPSRUDQHR
'LIIHUHQ]DGLWHPSHUDWXUDDOGLVRSUD
GHOODWHPSHUDWXUDGHOVHWSRLQWGHOO
DFTXD
FDOGDVDQLWDULDSULPDFKHLO
VXUULVFDOGDWRUHYHQJD',6$77,9$72/D
WHPSHUDWXUDVHUEDWRLRGHOO
DFTXDFDOGD
VDQLWDULDDXPHQWHUjFRQ>@DOGL
VRSUDGHOVHWSRLQWGHOODWHPSHUDWXUD
VHOH]LRQDWR
,QWHUYDOOR
aƒ&
SUHGHILQLWD
1$
>@
>@
>@
&RGLFH
>@
1$
>@
LPSRVWD]LRQH
LPSRVWD]LRQH
LPSRVWD]LRQH
ƒ 6H LO OD\RXW VLVWHPD  &RQWUROOR
WHUPRVWDWR DPELHQWH 4XHVWR YDORUH
SUHLPSRVWDWR YLHQH VHPSUH SUHVR LQ
FRQVLGHUD]LRQH
TDHW
THP MAX
THP OFF
[7-01]
[7-00]
TBH OFF 73
TBH ON 71
TU 70
7HPSRGLIXQ]LRQDPHQWRPDVVLPRSHULO
IXQ]LRQDPHQWRGHOO
DFTXDFDOGDVDQLWDULD
,OULVFDOGDPHQWRGHOO
DFTXDFDOGD
VDQLWDULDVLDUUHVWDDQFKHVH121YLHQH
UDJJLXQWDODWHPSHUDWXUDGHOO
DFTXDFDOGD
VDQLWDULDWDUJHW,OWHPSRGL
IXQ]LRQDPHQWRHIIHWWLYRPDVVLPR
GLSHQGHDQFKHGDOO
LPSRVWD]LRQH>@
ƒ 4XDQGR LO OD\RXW VLVWHPD &RQWUROOR
WHUPRVWDWR DPELHQWH 4XHVWR YDORUH
SUHLPSRVWDWR
YLHQH
SUHVR
LQ
FRQVLGHUD]LRQH VROR VH YL q XQD
ULFKLHVWD GL ULVFDOGDPHQWR R GL
UDIIUHGGDPHQWR DPELHQWH 6H QRQ F
q
1(6681$ ULFKLHVWD GL ULVFDOGDPHQWR
UDIIUHGGDPHQWR DPELHQWH LO VHUEDWRLR
YLHQH ULVFDOGDWR ILQR DOOD WHPSHUDWXUD
GL ',6$77,9$=,21( GHOOD SRPSD GL
FDORUH
'LIIHUHQ]DGLWHPSHUDWXUDFKHGHWHUPLQD
ODWHPSHUDWXUDGL',6$77,9$=,21(
GHOODSRPSDGLFDORUH
,QWHUYDOOR
aƒ&
SUHGHILQLWD
'HVFUL]LRQH
7HPSRGLIXQ]LRQDPHQWRPLQLPRSHULO
IXQ]LRQDPHQWRGHOO
DFTXDFDOGDVDQLWDULD
'XUDQWHTXHVWRWHPSRLOULVFDOGDPHQWR
UDIIUHGGDPHQWRDPELHQWH121VRQR
DPPHVVLQHDQFKHVHYLHQHUDJJLXQWDOD
WHPSHUDWXUDGHOO
DFTXDFDOGDVDQLWDULD
WDUJHW
,QWHUYDOOR a PLQXWL LPSRVWD]LRQH
SUHGHILQLWD
'LIIHUHQ]DGLWHPSHUDWXUDFKHGHWHUPLQD
ODWHPSHUDWXUDGL$77,9$=,21(GHOOD
SRPSDGLFDORUH
,QWHUYDOOR
aƒ&
SUHGHILQLWD
1$
1$
LPSRVWD]LRQH
,VWHUHVL'LIIHUHQ]DGLWHPSHUDWXUDWUDOD
WHPSHUDWXUDFRQVXUULVFDOGDWRUH
$77,9$72HODWHPSHUDWXUDFRQ
VXUULVFDOGDWRUH',6$77,9$72/D
WHPSHUDWXUDGHOO
LVWHUHVLPLQLPDqƒ&
,QWHUYDOOR
aƒ&
SUHGHILQLWD
1$
7LPHU
'HVFUL]LRQH
,QWHUYDOOR a PLQXWL LPSRVWD]LRQH
SUHGHILQLWD
60
50
48
[6-01]
1$
[6-00]
THP ON 41
40
20
HP
7HPSRDQWLULFLFODJJLR
7HPSR PLQLPR WUD GXH FLFOL SHU O
DFTXD
FDOGD VDQLWDULD ,O WHPSR DQWLULFLFODJJLR
HIIHWWLYRGLSHQGHDQFKHGDOO
LPSRVWD]LRQH
>@
30
10
>@
BH
TU
[7-00]
[6-01]
[6-00]
= 70°C
= 3°C
= 2°C
= 7°C
,QWHUYDOOR a RUH LPSRVWD]LRQH
SUHGHILQLWDLQFUHPHQWRRUDVROR
SHU5+%+;
HP
5
t
,QWHUYDOOR a RUH LPSRVWD]LRQH
SUHGHILQLWD LQFUHPHQWR RUD
VRORSHU5+9+;
%+ 6XUULVFDOGDWRUH
+3 3RPSD GL FDORUH 6H LO WHPSR GL ULVFDOGDPHQWR GD
SDUWHGHOODSRPSDGLFDORUHqHFFHVVLYRqSRVVLELOH
ULFRUUHUH DO ULVFDOGDPHQWR DXVLOLDULR GD SDUWH GHO
VXUULVFDOGDWRUH
7%+2)) 7HPSHUDWXUD GL VSHJQLPHQWR GHO VXUULVFDOGDWRUH 78
>@
7%+21 7HPSHUDWXUD GL DFFHQVLRQH GHO VXUULVFDOGDWRUH 7%+
2))í>@
7+30$; 7HPSHUDWXUD PDVVLPD GHOOD SRPSD GL FDORUH LQ
FRUULVSRQGHQ]DGHOVHQVRUHQHOVHUEDWRLRGHOO
DFTXD
FDOGDSHUXVLGRPHVWLFL
7+32)) 7HPSHUDWXUD GL VSHJQLPHQWR GHOOD SRPSD GL FDORUH
7+30$;í>@
7+321 7HPSHUDWXUD GL DFFHQVLRQH GHOOD SRPSD GL FDORUH
7+32))í>@
7'+: 7HPSHUDWXUDGHOO
DFTXDFDOGDVDQLWDULD
78 7HPSHUDWXUD GHO VHWSRLQW GHOO
XWHQWH FRPH
LPSRVWDWDQHOO
LQWHUIDFFLDGHOO
XWHQWH
W 7HPSR
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
1$
&RGLFH
>@
'HVFUL]LRQH
7LPHUGLULWDUGRGHOVXUULVFDOGDWRUH
1
4
0
6RORSHU5.+:
7HPSR GL ULWDUGR QHOO
DYYLR SHU LO
VXUULVFDOGDWRUH TXDQGR q DWWLYR LO PRGR
DFTXDFDOGDVDQLWDULD
1
3
0
ƒ 4XDQGRLOPRGRDFTXDFDOGDVDQLWDULD
121 q DWWLYR LO WHPSR GL ULWDUGR q GL
PLQXWL
1
0
ƒ ,O WLPHU GL ULWDUGR SDUWH GDOOD
WHPSHUDWXUD GL $77,9$=,21( GHO
VXUULVFDOGDWRUH
1
ƒ $GDWWDQGR LO WHPSR GL ULWDUGR GHO
VXUULVFDOGDWRUH ULVSHWWR DO WHPSR GL
IXQ]LRQDPHQWR PDVVLPR q SRVVLELOH
WURYDUH XQ HTXLOLEULR RWWLPDOH WUD
O
HIILFLHQ]D HQHUJHWLFD H LO WHPSR GL
ULVFDOGDPHQWR
0
)XQ]LRQDPHQWR GHO VXUULVFDOGDWRUH DWWLYR QRQ
DWWLYR
0RGDOLWj GL ULVFDOGDPHQWR GHOO
DFTXD SHU XVL
GRPHVWLFL FRQ OD SRPSD GL FDORUH DWWLYD QRQ
DWWLYD
5LFKLHVWD GL DFTXD FDOGD SHU LO VXUULVFDOGDWRUH
ULFKLHVWD QHVVXQDULFKLHVWD
5LFKLHVWD GL DFTXD FDOGD SHU OD SRPSD GL FDORUH
ULFKLHVWD QHVVXQDULFKLHVWD
W 7HPSR
ƒ 6H LO WHPSR GL ULWDUGR GHO
VXUULVFDOGDWRUH q LPSRVWDWR VX XQ
YDORUHWURSSRHOHYDWRSRWUHEEHHVVHUH
QHFHVVDULR PROWR WHPSR SULPD FKH
O
DFTXD FDOGD VDQLWDULD UDJJLXQJD OD
VXDWHPSHUDWXUDLPSRVWDWD
ƒ /
LPSRVWD]LRQH >@ KD VLJQLILFDWR
VROWDQWR VH O
LPSRVWD]LRQH >@ /
LPSRVWD]LRQH >@ OLPLWD
DXWRPDWLFDPHQWH LO VXUULVFDOGDWRUH LQ
UHOD]LRQH DO WHPSR GL IXQ]LRQDPHQWR
GHOOD SRPSD GL FDORUH QHO PRGR
ULVFDOGDPHQWRDFTXDVDQLWDULD
ƒ $VVLFXUDUVL FKH >@ VLD VHPSUH LQ
UHOD]LRQH
FRQ
LO
WHPSR
GL
IXQ]LRQDPHQWRPDVVLPR>@
>@7HPSRGLHVHFX]LRQHDJJLXQWLYRD>@>)@
t
t
[8-01]+
[8-04]
[8-01]+
[8-04]
[8-02]
[8-02]
[8-01]
[8-01]
,QWHUYDOOR a PLQXWL LPSRVWD]LRQH
SUHGHILQLWD
1$
>@
7HPSRGLIXQ]LRQDPHQWRDJJLXQWLYRSHULO
WHPSRGLIXQ]LRQDPHQWRPDVVLPR
GLSHQGHQWHGDOODWHPSHUDWXUDHVWHUQD
>@R>)@
0
[5-03]
[4-02]
0
TA
[F-01]
35C
TA
7$ 7HPSHUDWXUDDPELHQWHHVWHUQD
W 7HPSR
7HPSRDQWLULFLFOR
&RUUHQWHGLIXQ]LRQDPHQWRPDVVLPD
,QWHUYDOOR a PLQXWL LPSRVWD]LRQH
SUHGHILQLWD
>@7HPSRDQWLULFLFOR
t
[8-03]
1
'LVLQIH]LRQH
0
$SSOLFDELOHVRORDOOHLQVWDOOD]LRQLGRWDWHGLVHUEDWRLRGHOO
DFTXDFDOGD
VDQLWDULD
/D IXQ]LRQH GL GLVLQIH]LRQH GLVLQIHWWD LO VHUEDWRLR GHOO
DFTXD FDOGD
VDQLWDULD PHGLDQWH LO ULVFDOGDPHQWR SHULRGLFR GHOO
DFTXD FDOGD
VDQLWDULDDGXQDWHPSHUDWXUDVSHFLILFD
1
0
[8-00]
[8-01]
$77(1=,21(
[8-02]
t
0RGDOLWj GL ULVFDOGDPHQWR GHOO
DFTXD SHU XVL
GRPHVWLFL FRQ OD SRPSD GL FDORUH DWWLYD QRQ
DWWLYD
5LFKLHVWD GL DFTXD FDOGD SHU OD SRPSD GL FDORUH
ULFKLHVWD QHVVXQDULFKLHVWD
W 7HPSR
/H LPSRVWD]LRQL GHOOD IXQ]LRQH GL GLVLQIH]LRQH GHYRQR
HVVHUH FRQILJXUDWH GDOO
LQVWDOODWRUH FRQIRUPHPHQWH DOOD
OHJLVOD]LRQHDSSOLFDELOH
>@5LWDUGRGHOVXUULVFDOGDWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
&RGLFH
>$@
>@
'HVFUL]LRQH
$77(1=,21(
)XQ]*LRUQR
ƒ 6DEDWR
,O SURJUDPPD GL DXWRUL]]D]LRQH GHO VXUULVFDOGDWRUH YLHQH
XVDWR SHU YLHWDUH R FRQVHQWLUH LO IXQ]LRQDPHQWR GHO
VXUULVFDOGDWRUH LQ EDVH DG XQ SURJUDPPD VHWWLPDQDOH
&RQVLJOLR 3HU HYLWDUH FKH OD IXQ]LRQH GLVLQIH]LRQH QRQ
ULHVFD FRQVHQWLUH LO IXQ]LRQDPHQWR GHO VXUULVFDOGDWRUH LQ
EDVHDOSURJUDPPDVHWWLPDQDOHSHUXQPLQLPRGLRUHD
SDUWLUH GDOO
DYYLR SURJUDPPDWR GHOOD GLVLQIH]LRQH 6H
GXUDQWH OD GLVLQIH]LRQH OD IXQ]LRQH GHO VXUULVFDOGDWRUH
GRYHVVH HVVHUH OLPLWDWD HVVD 121 DQGUj D EXRQ ILQH H
YHUUjJHQHUDWRLOUHODWLYR$+GLDYYHUWHQ]DDSSOLFDELOH
ƒ 'RPHQLFD
,1)250$=,21,
ƒ 2JQLJLRUQR
ƒ /XQHGu
ƒ 0DUWHGu
ƒ 0HUFROHGu
ƒ *LRYHGu
ƒ 9HQHUGu
>$@
>@
'LVLQIH]LRQH
6HqVWDWRJHQHUDWRLOFRGLFHHUURUH$+HQRQVLqYHULILFDWD
DOFXQD LQWHUUX]LRQH GHOOD IXQ]LRQH GL GLVLQIH]LRQH SHU YLD
GHOOD GRPDQGD GL DFTXD FDOGD VDQLWDULD VL FRQVLJOLD GL
SURFHGHUHFRPHVHJXH
ƒ 1R
ƒ 6u
>$@
>@
2UDLQL]LRaJUDGLQR
>$@
>@
7DUJHWWHPS
ƒ 4XDQGR q VWDWR VHOH]LRQDWR $FTXD FDOGD VDQLWDULD !
0RGRVHWS!5LVFSUHYHPDQWHQR5SUPDQWSUVL
FRQVLJOLD GL SURJUDPPDUH O
DYYLR GHOOD IXQ]LRQH GL
GLVLQIH]LRQH DOPHQR RUH GRSR O
XOWLPR SUHOLHYR
FRQVLVWHQWH GL DFTXD FDOGD SUHYLVWR 4XHVWR DYYLR SXz
HVVHUH LPSRVWDWR WUDPLWH OH LPSRVWD]LRQL LQVWDOODWRUH
IXQ]LRQHGLVLQIH]LRQH
ƒ &RQ VXUULVFDOGDWRUH aƒ& YDORUH
SUHGHILQLWRƒ&
ƒ 6HQ]DVXUULVFDOGDWRUHƒ&ILVVR
>$@
>@
'XUDWD
ƒ &RQ VXUULVFDOGDWRUH a PLQXWL
YDORUHSUHGHILQLWRPLQXWL
ƒ 4XDQGR q VWDWR VHOH]LRQDWR $FTXD FDOGD VDQLWDULD !
0RGR VHWS ! 6ROR SURJUDPP VL FRQVLJOLD GL
SURJUDPPDUH XQ 0RGR HFRQ FRQVHUY RUH SULPD
GHOO
LQL]LR SURJUDPPDWR GHOOD IXQ]LRQH GLVLQIH]LRQH SHU
SUHULVFDOGDUHLOVHUEDWRLR
ƒ 6HQ]D VXUULVFDOGDWRUH a PLQXWL
YDORUHSUHGHILQLWRPLQXWL
TDHW
[2-03]
[2-04]
,1)250$=,21,
/DIXQ]LRQHGLGLVLQIH]LRQHYHUUjULDYYLDWDQHOFDVRLQFXLOD
WHPSHUDWXUD GHOO
DFTXD FDOGD VDQLWDULD GRYHVVH VFHQGHUH
GL ƒ& DO GL VRWWR GHOOD WHPSHUDWXUD WDUJHW GL GLVLQIH]LRQH
HQWURLOWHPSRGLGXUDWD
TH
TU
00.00
01.00
22.00
23.00
24.00
,PSRVWD]LRQLGHOOHIRQWLGLFDORUH
t
5LVFDOGDWRUHGLULVHUYD
[2-02]
7'+:
78
7+
W
7HPSHUDWXUDGHOO
DFTXDFDOGDVDQLWDULD
7HPSHUDWXUDGHOVHWSRLQWXWHQWH
7HPSHUDWXUDHOHYDWDGHOVHWSRLQW>@
7HPSR
$99(57(1=$
'RSR XQ
RSHUD]LRQH GL GLVLQIH]LRQH OD WHPSHUDWXUD
GHOO
DFTXDFDOGDVDQLWDULDFKHHVFHGDOUXELQHWWRGHOO
DFTXD
FDOGD FRUULVSRQGH DO YDORUH VHOH]LRQDWR QHOO
LPSRVWD]LRQH
LQORFR>@
6H O
HOHYDWD WHPSHUDWXUD GHOO
DFTXD FDOGD VDQLWDULD SXz
FRVWLWXLUH XQ ULVFKLR SHU OD VLFXUH]]D SHUVRQDOH YD
LQVWDOODWD XQD YDOYROD PLVFHODWULFH GD UHSHULUH LQ ORFR VXO
FROOHJDPHQWR LQ XVFLWD GHO VHUEDWRLR GHOO
DFTXD FDOGD
VDQLWDULD 4XHVWD YDOYROD PLVFHODWULFH JDUDQWLVFH FKH OD
WHPSHUDWXUD GHOO
DFTXD FDOGD FKH HVFH GDO UXELQHWWR QRQ
VXSHUL PDL LO YDORUH PDVVLPR VWDELOLWR /D WHPSHUDWXUD
PDVVLPD FRQVHQWLWD GHOO
DFTXD FDOGD YD LPSRVWDWD LQ
FRQIRUPLWjFRQODOHJLVOD]LRQHDSSOLFDELOH
$77(1=,21(
$VVLFXUDUVL FKH O
RUD GL DYYLR >$@ GHOOD IXQ]LRQH GL
GLVLQIH]LRQH FRQ GXUDWD GHILQLWD >$@ 121 YHQJD
LQWHUURWWDGDSRVVLELOLULFKLHVWHGLDFTXDFDOGDVDQLWDULD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
3HU VLVWHPL VHQ]D VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD R FRQ
VHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULDVHSDUDWRVRORSHU5+%+;
0RGRIXQ]LRQDPHQWRGHOULVFDOGDWRUHGLULVHUYDGHILQLVFHTXDQGRq
DELOLWDWR R GLVDELOLWDWR LO IXQ]LRQDPHQWR GHO ULVFDOGDWRUH GL ULVHUYD
4XHVWD LPSRVWD]LRQH YLHQH E\SDVVDWD VROR TXDQGR q ULFKLHVWR LO
ULVFDOGDPHQWR GL ULVHUYD GXUDQWH O
RSHUD]LRQH GL VEULQDPHQWR R XQ
JXDVWRDOO
XQLWjHVWHUQDTXDQGR>$@>@qDELOLWDWR
3HU L VLVWHPL FRQ VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD LQWHJUDWR
VRORSHU5+9+;
0RGR IXQ]LRQDPHQWR GHO ULVFDOGDWRUH GL ULVHUYD GHILQLVFH TXDQGR LO
IXQ]LRQDPHQWR GHO ULVFDOGDWRUH GL ULVHUYD q GLVDELOLWDWR R DPPHVVR
VROWDQWRGXUDQWHLOIXQ]LRQDPHQWRGHOO
DFTXDFDOGDVDQLWDULD4XHVWD
LPSRVWD]LRQH YLHQH E\SDVVDWD VROR TXDQGR q ULFKLHVWR LO
ULVFDOGDPHQWR GL ULVHUYD GXUDQWH O
RSHUD]LRQH GL VEULQDPHQWR R XQ
JXDVWRDOO
XQLWjHVWHUQDTXDQGR>$@>@qDELOLWDWR
>$@
&RGLFH
>@
'HVFUL]LRQH
)XQ]LRQDPHQWRGHOULVFDOGDWRUHGL
ULVHUYD
ƒ 'LVDELOLWDWR
ƒ $ELOLWDWD
ƒ /LPLWDWRDELOLWDWRVRODPHQWHGXUDQWH
LO IXQ]LRQDPHQWR GHOO
DFTXD FDOGD
VDQLWDULD SHU LO VLVWHPD FRQ VHUEDWRLR
GHOO
DFTXDFDOGDVDQLWDULDLQWHJUDWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
&RGLFH
>$@
>@
'HVFUL]LRQH
'HILQLVFHVHGXUDQWHLOIXQ]LRQDPHQWR
G
HPHUJHQ]DLOULVFDOGDWRUHGLULVHUYDq
ƒ $PPHVVR
a
[C-04]
b
ƒ 121DPPHVVR
7$ 7HPSHUDWXUDHVWHUQD
D FKLXVR
E DSHUWR
6H
VL
YHULILFDQR
GHWHUPLQDWL
PDOIXQ]LRQDPHQWL GHOO
XQLWj HVWHUQD LO
IXQ]LRQDPHQWR GL HPHUJHQ]D DYYLHUj LO
ULVFDOGDWRUHGLULVHUYD
>$@
>@
$77(1=,21(
$VVLFXUDUVL GL ULVSHWWDUH WXWWH OH UHJROH LQGLFDWH QHOOD
GLUHWWLYD GHOO
DSSOLFD]LRQH TXDQGR q DELOLWDWD OD IXQ]LRQH
GLIXQ]LRQDPHQWRELYDOHQWH
'HILQLVFHVHODVHFRQGDIDVHGHO
ULVFDOGDWRUHGLULVHUYDq
ƒ $PPHVVR
5RWH[ GHFOLQD RJQL UHVSRQVDELOLWj SHU HYHQWXDOL GDQQL
GRYXWLDOODPDQFDWDRVVHUYDQ]DGLTXHVWDUHJROD
ƒ 121DPPHVVR
,Q TXHVWR PRGR q SRVVLELOH OLPLWDUH OD
FDSDFLWjGHOULVFDOGDWRUHGLULVHUYD
1$
>@
,1)250$=,21,
,OIXQ]LRQDPHQWRGHOULVFDOGDWRUHGL
ULVHUYDqDPPHVVRDOGLVRSUDGHOOD
WHPSHUDWXUDGLHTXLOLEULRGXUDQWHLO
IXQ]LRQDPHQWRGHOULVFDOGDPHQWR
DPELHQWH"
ƒ /D FRPELQD]LRQH GHOO
LPSRVWD]LRQH >@ FRQ
IXQ]LRQDPHQWR ELYDOHQWH DG XQD EDVVD WHPSHUDWXUD
HVWHUQD SXz SRUWDUH DG XQ
LQVXIILFLHQ]D GL DFTXD FDOGD
VDQLWDULD
ƒ ,OIXQ]LRQDPHQWRELYDOHQWHQRQLQIOXLVFHVXOODPRGDOLWjGL
ULVFDOGDPHQWR GHOO
DFTXD FDOGD VDQLWDULD /
DFTXD FDOGD
VDQLWDULD YLHQH ULVFDOGDWD HVFOXVLYDPHQWH GDOO
XQLWj
LQWHUQD
ƒ 121DPPHVVR
ƒ $PPHVVR
>$@
>@
7HPSHUDWXUDGLHTXLOLEULR
7HPSHUDWXUD HVWHUQD DO GL VRWWR GHOOD
TXDOH q DPPHVVR LO IXQ]LRQDPHQWR GHO
ULVFDOGDWRUHGLULVHUYD
ƒ ,O VHJQDOH GL DXWRUL]]D]LRQH SHU OD FDOGDLD DXVLOLDULD VL
WURYD VX (.53+% VFKHGD FRQ ,2 GLJLWDOH
$OO
DWWLYD]LRQH LO FRQWDWWR ; ; YLHQH FKLXVR H YLHQH
ULDSHUWR DOOD GLVDWWLYD]LRQH 9HGHUH OD ILJXUD VRWWR SHU
FRQRVFHUHODSRVL]LRQHVFKHPDWLFDGLTXHVWRFRQWDWWR
,1)250$=,21,
X2M
X1 X2 X3 X4
6ROR SHU VLVWHPL FRQ VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD
LQWHJUDWR 6H LO VHW SRLQW GHOOD WHPSHUDWXUD GL
FRQVHUYD]LRQHqVXSHULRUHDƒ&5RWH[FRQVLJOLDGL121
GLVDELOLWDUH OD VHFRQGD IDVH GHO ULVFDOGDWRUH GL ULVHUYD
SRLFKp FLz LQFLGHUHEEH VLJQLILFDWLYDPHQWH VXO WHPSR
QHFHVVDULR DOO
XQLWj SHU ULVFDOGDUH LO VHUEDWRLR GHOO
DFTXD
FDOGDVDQLWDULD
TA
[C-03]
OFF ON
SS1
%LYDOHQWH
6LDSSOLFDVRORDOOHLQVWDOOD]LRQLFRQFDOGDLDDXVLOLDULDIXQ]LRQDPHQWR
DOWHUQDWRFROOHJDPHQWRLQSDUDOOHOR/RVFRSRGLTXHVWDIXQ]LRQHq
GHWHUPLQDUH²LQEDVHDOODWHPSHUDWXUDHVWHUQD²TXDOHVRUJHQWHGL
ULVFDOGDPHQWR IRUQLUj LO ULVFDOGDPHQWR DPELHQWH YDOH D GLUH O
XQLWj
LQWHUQD'DLNLQRXQDFDOGDLDDXVLOLDULD
/
LPSRVWD]LRQH LQ ORFR IXQ]LRQDPHQWR ELYDOHQWH VL DSSOLFD VROR DO
IXQ]LRQDPHQWR GHO ULVFDOGDPHQWR DPELHQWH FRQ XQLWj LQWHUQD H DO
VHJQDOHGLDXWRUL]]D]LRQHSHUODFDOGDLDDXVLOLDULD
4XDQGR OD IXQ]LRQH IXQ]LRQDPHQWR ELYDOHQWH q DWWLYDWD O
XQLWj
LQWHUQD LQWHUURPSH DXWRPDWLFDPHQWH O
RSHUD]LRQH GL ULVFDOGDPHQWR
GHOO
DPELHQWH VH OD WHPSHUDWXUD HVWHUQD VFHQGH DO GL VRWWR GHOOD
WHPSHUDWXUD GL DFFHQVLRQH ELYDOHQWH H VH LO VHJQDOH GL
DXWRUL]]D]LRQHGHOODFDOGDLDDXVLOLDULDYLHQHDWWLYDWR
X1M
YC Y1 Y2 Y3 Y4
1$
ƒ >&@,VWHUHVLELYDOHQWHGHILQLVFHODGLIIHUHQ]DGLWHPSHUDWXUDWUD
WHPSHUDWXUD GL $77,9$=,21( ELYDOHQWH H WHPSHUDWXUD GL
',6$77,9$=,21(ELYDOHQWH
6HJQDOHGLDXWRUL]]D]LRQH;±;(.53+%
'HVFUL]LRQH
7HPSHUDWXUDGL$77,9$=,21(
6H OD WHPSHUDWXUD HVWHUQD VFHQGH DO GL
VRWWRGLTXHVWDWHPSHUDWXUDVDUjDWWLYRLO
VHJQDOH GL DXWRUL]]D]LRQH GHOOD IRQWH GL
FDORUHELYDOHQWH
1$
6HODIXQ]LRQHELYDOHQWHqGLVDWWLYDWDLOULVFDOGDPHQWRGHOO
DPELHQWH
PHGLDQWH XQLWj LQWHUQD q SRVVLELOH D WXWWH OH WHPSHUDWXUH HVWHUQH
YHGHUHJOLLQWHUYDOOLGLIXQ]LRQDPHQWRHLOVHJQDOHGLDXWRUL]]D]LRQH
SHUODFDOGDLDDXVLOLDULDqVHPSUHGLVDWWLYDWR
ƒ >&@ 7HPSHUDWXUD GL $77,9$=,21( ELYDOHQWH GHILQLVFH OD
WHPSHUDWXUDHVWHUQDDOGLVRWWRGHOODTXDOHYLHQHDWWLYDWRLOVHJQDOH
GL DXWRUL]]D]LRQH SHU OD FDOGDLD DXVLOLDULD FKLXVR .&5 VX
(.53+% H LO ULVFDOGDPHQWR DPELHQWH PHGLDQWH XQLWj LQWHUQD
YLHQHLQWHUURWWR
&RGLFH
>&@
>&@
,VWHUHVL
'LIIHUHQ]D GL WHPSHUDWXUD WUD OD IRQWH GL
FDORUH ELYDOHQWH $77,9$7$ H TXHOOD
',6$77,9$7$
SHU
SUHYHQLUH
XQ
HFFHVVLYDFRPPXWD]LRQH
,PSRVWD]LRQLGHOVLVWHPD
3ULRULWj
3HU L VLVWHPL FRQ VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD VHSDUDWR
VRORSHU5+%+;
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
1$
&RGLFH
>@
'HVFUL]LRQH
1$
3ULRULWjGHOULVFDOGDPHQWRDPELHQWH
&RGLFH
>@
'HILQLVFH VH LO ULVFDOGDWRUH GL ULVHUYD
RIIULUj DVVLVWHQ]D DOOD SRPSD GL FDORUH
GXUDQWH LO IXQ]LRQDPHQWR GHOO
DFTXD
FDOGDVDQLWDULD
'HILQLVFH VH O
DFTXD FDOGD VDQLWDULD q
SURGRWWD GDO VXUULVFDOGDWRUH VROR
TXDQGR OD WHPSHUDWXUD HVWHUQD q
LQIHULRUHDOODWHPSHUDWXUDGLSULRULWjGHO
ULVFDOGDPHQWR
DPELHQWH
6L
UDFFRPDQGD GL DELOLWDUH TXHVWD
IXQ]LRQH SHU DEEUHYLDUH LO WHPSR GL
IXQ]LRQDPHQWR GHO ULVFDOGDPHQWR
VHUEDWRLRHRWWHQHUHLOFRPIRUWJDUDQWLWR
GHOO
DFTXDFDOGDVDQLWDULD
&RQVHJXHQ]D 0LQRU WHPSR GL
IXQ]LRQDPHQWR GHO ULVFDOGDPHQWR GHO
VHUEDWRLR H LQWHUUX]LRQH SL EUHYH GHO
FLFORGLULVFDOGDPHQWRDPELHQWH
4XHVWD LPSRVWD]LRQH '(9( HVVHUH
VHPSUH
ƒ GLVDELOLWDWR
>@7HPSHUDWXUDGLHTXLOLEULRH>@
7HPSHUDWXUD
GL
SULRULWj
GHO
ULVFDOGDPHQWRDPELHQWHVRQRFROOHJDWH
DO ULVFDOGDWRUH GL ULVHUYD 3HUWDQWR VL
GHYH LPSRVWDUH >@ XJXDOH D R GL
DOFXQLJUDGLSLDOWRGL>@
ƒ DELOLWDWR
>@7HPSHUDWXUDGLHTXLOLEULRH>@
7HPSHUDWXUD
GL
SULRULWj
GHO
ULVFDOGDPHQWRDPELHQWHVRQRFROOHJDWH
DO ULVFDOGDWRUH GL ULVHUYD 3HUWDQWR VL
GHYH LPSRVWDUH >@ XJXDOH D R GL
DOFXQLJUDGLSLDOWRGL>@
>@
,QWHUYDOOR aƒ&
SUHGHILQLWD
1$
>@
>&@
1$
>@
7HPSHUDWXUDGLSULRULWjULVFDOGDPHQWR
DPELHQWH
'HILQLVFH OD WHPSHUDWXUD HVWHUQD DO GL
VRWWR GHOOD TXDOH LO ULVFDOGDWRUH GL
ULVHUYD RIIULUj DVVLVWHQ]D GXUDQWH LO
ULVFDOGDPHQWR
GHOO
DFTXD
FDOGD
VDQLWDULD
LPSRVWD]LRQH
&RUUH]LRQHGHOVHWSRLQWSHUOD
WHPSHUDWXUDGHOO
DFTXDFDOGDVDQLWDULD
FRUUH]LRQHGHOVHWSRLQWSHUOD
WHPSHUDWXUDGHOO
DFTXDFDOGDVDQLWDULD
ULFKLHVWDGDDSSOLFDUVLDGXQDEDVVD
WHPSHUDWXUDHVWHUQDTXDQGRqDELOLWDWD
ODSULRULWjGHOULVFDOGDPHQWRDPELHQWH
,OVHWSRLQWFRUUHWWRSLDOWRDVVLFXUD
FKHO
LQWHUDFDSDFLWjGLULVFDOGDPHQWR
GHOO
DFTXDQHOVHUEDWRLRUHVWLDOO
LQFLUFD
LQYDULDWDFRPSHQVDQGRORVWUDWR
LQIHULRUHGLDFTXDSLIUHGGDGHO
VHUEDWRLRSHUFKpODVHUSHQWLQDGHOOR
VFDPELDWRUHGLFDORUHQRQqLQ
IXQ]LRQHFRQXQRVWUDWRVXSHULRUHSL
FDOGR
,QWHUYDOOR
aƒ&
SUHGHILQLWD
>$@
6H LO IXQ]LRQDPHQWR GHO ULVFDOGDWRUH GL
ULVHUYD q OLPLWDWR >@ H OD
WHPSHUDWXUD HVWHUQD q PLQRUH
GHOO
LPSRVWD]LRQH >@ O
DFTXD FDOGD
VDQLWDULD QRQ YHUUj ULVFDOGDWD FRQ LO
ULVFDOGDWRUHGLULVHUYD
7HPSHUDWXUDGLSULRULWjULVFDOGDPHQWR
DPELHQWH
'HILQLVFH OD WHPSHUDWXUD HVWHUQD DO GL
VRWWRGHOODTXDOHO
DFTXDFDOGDVDQLWDULD
YHUUj
ULVFDOGDWD
VROWDQWR
GDO
VXUULVFDOGDWRUH
'HVFUL]LRQH
3ULRULWjGHOULVFDOGDPHQWRDPELHQWH
>$@
>&@
6HqLQVWDOODWRXQNLWVRODUHTXDOH
HOHPHQWRDYUjODSULRULWjSHULO
ULVFDOGDPHQWRGHOVHUEDWRLR"
ƒ .LWVRODUH
ƒ 3RPSDGLFDORUH
>$@
>&@
6HqSUHVHQWHXQDULFKLHVWDVLPXOWDQHD
GLULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWHHULVFDOGDPHQWRGLDFTXD
FDOGDVDQLWDULDPHGLDQWH
SRPSDGLFDORUHTXDOHPRGR
IXQ]LRQDPHQWRKDODSULRULWj"
ƒ +D OD SULRULWj LO PRGR
IXQ]LRQDPHQWR FRQ OD ULFKLHVWD SL
DOWD
LPSRVWD]LRQH
6HqLQVWDOODWRXQNLWVRODUHTXDOH
HOHPHQWRDYUjODSULRULWjSHULO
ULVFDOGDPHQWRGHOVHUEDWRLR"
ƒ +D VHPSUH OD SULRULWj
ULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWH
LO
ƒ .LWVRODUH
>$@
>&@
ƒ 3RPSDGLFDORUH
5LDYYLRDXWRPDWLFR
6HqSUHVHQWHXQDULFKLHVWDVLPXOWDQHD
GLULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWHHULVFDOGDPHQWRGLDFTXD
FDOGDVDQLWDULDPHGLDQWH
SRPSDGLFDORUHTXDOHPRGR
IXQ]LRQDPHQWRKDODSULRULWj"
4XDQGR O
DOLPHQWD]LRQH HOHWWULFD YLHQH ULDWWLYDWD GRSR
XQ
LQWHUUX]LRQHODIXQ]LRQHGLULDYYLRDXWRPDWLFRDSSOLFDGLQXRYROH
LPSRVWD]LRQL GHO FRPDQGR D GLVWDQ]D LQ XVR TXDQGR VL q YHULILFDWD
O
LQWHUUX]LRQH GHOO
HQHUJLD HOHWWULFD 3HUWDQWR 5RWH[ UDFFRPDQGD GL
DELOLWDUHVHPSUHODIXQ]LRQH
ƒ +D OD SULRULWj LO PRGR
IXQ]LRQDPHQWR FRQ OD ULFKLHVWD SL
DOWD
6HO
DOLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOHqGHOWLSRFKHSUHYHGH
XQ
LQWHUUX]LRQH GHOO
DOLPHQWD]LRQH ODVFLDUH VHPSUH DELOLWDWD OD
IXQ]LRQHGLULDYYLRDXWRPDWLFR,OFRQWUROORFRVWDQWHGHOO
XQLWjLQWHUQD
SXz
HVVHUH
JDUDQWLWR
LQGLSHQGHQWHPHQWH
GDOOR
VWDWR
GHOO
DOLPHQWD]LRQH D WDULIID N:K SUHIHUHQ]LDOH FROOHJDQGR O
XQLWj
LQWHUQDDGXQ
DOLPHQWD]LRQHDWDULIIDN:KQRUPDOH
ƒ +D VHPSUH OD SULRULWj
ULVFDOGDPHQWRUDIIUHGGDPHQWR
DPELHQWH
LO
3HU L VLVWHPL FRQ VHUEDWRLR GHOO
DFTXD FDOGD VDQLWDULD LQWHJUDWR
VRORSHU5+9+;
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
>$@
&RGLFH
>@
'HVFUL]LRQH
)XQ]LRQHGLULDYYLRDXWRPDWLFR
ƒ $ELOLWDWR
ƒ 'LVDELOLWDWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
$OLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOH
$
&RGLFH
>Gತ@
>G@
'HVFUL]LRQH
&ROOHJDPHQWRDGXQ
DOLPHQWD]LRQHFRQ
WDULIIDN:KSUHIHUHQ]LDOH
ƒ /
XQLWj HVWHUQD q FROOHJDWD DG
XQ
DOLPHQWD]LRQH FRQ WDULIID N:K
SUHIHUHQ]LDOH
4XDQGR
O
D]LHQGD
HOHWWULFD LQYLD LO VHJQDOH GHOOD WDULIID
N:KSUHIHUHQ]LDOHVLFKLXGHLOFRQWDWWR
HO
XQLWjHQWUDLQPRGRGLVSHJQLPHQWR
IRU]DWR 4XDQGR LO VHJQDOH YLHQH
QXRYDPHQWH ULODVFLDWR LO FRQWDWWR
SXOLWR VL FKLXGH H O
XQLWj ULSUHQGH LO
IXQ]LRQDPHQWR 3HUWDQWR DELOLWDUH
VHPSUH OD IXQ]LRQH GL ULDYYLR
DXWRPDWLFR
>$@
>G@
&RPSUHVVRUH
$PPHVVR
)XQ]LRQHULVSDUPLRHQHUJHWLFR
ƒ LPSRVWD]LRQH SUHGHILQLWD /
XQLWj
HVWHUQD
q
FROOHJDWD
DG
XQ
DOLPHQWD]LRQHQRUPDOH
ƒ /
XQLWj HVWHUQD q FROOHJDWD DG
XQ
DOLPHQWD]LRQH FRQ WDULIID N:K
SUHIHUHQ]LDOH
4XDQGR
O
D]LHQGD
HOHWWULFD LQYLD LO VHJQDOH GHOOD WDULIID
N:KSUHIHUHQ]LDOHVLDSUHLOFRQWDWWRH
O
XQLWj HQWUD LQ PRGR GL VSHJQLPHQWR
IRU]DWR 4XDQGR LO VHJQDOH YLHQH
QXRYDPHQWH ULODVFLDWR LO FRQWDWWR
SXOLWR VL FKLXGH H O
XQLWj ULSUHQGH LO
IXQ]LRQDPHQWR 3HUWDQWR DELOLWDUH
VHPSUH OD IXQ]LRQH GL ULDYYLR
DXWRPDWLFR
5LVFDOGDWRUHGLULVHUYD
,1)250$=,21,
$SSOLFDELOHVROWDQWRSHU55/4a&$9
'HILQLVFH VH O
DOLPHQWD]LRQH GHOO
XQLWj HVWHUQD SXz HVVHUH LQWHUURWWD
LQWHUQDPHQWH GDO FRQWUROOR GHOO
XQLWj LQWHUQD LQ FRQGL]LRQL GL
DVVHQ]D GL ULFKLHVWH QHVVXQD ULFKLHVWD GL ULVFDOGDPHQWR
UDIIUHGGDPHQWRDPELHQWHQpGLDFTXDFDOGDVDQLWDULD/DGHFLVLRQH
ILQDOH SHU FRQVHQWLUH O
LQWHUUX]LRQH GHOO
DOLPHQWD]LRQH GHOO
XQLWj
HVWHUQD LQ FRQGL]LRQL GL DVVHQ]D GL ULFKLHVWH GLSHQGH GDOOD
WHPSHUDWXUDDPELHQWHGDOOHFRQGL]LRQLGHOFRPSUHVVRUHHGDLWLPHU
LQWHUQLPLQLPL
3HU DELOLWDUH O
LPSRVWD]LRQH GHOOD IXQ]LRQH ULVSDUPLR HQHUJHWLFR VL
GHYH DELOLWDUH >(@ LQ FRUULVSRQGHQ]D GHOO
LQWHUIDFFLD XWHQWH LQ
FRPELQD]LRQH FRQ OD ULPR]LRQH GHO FRQQHWWRUH GL ULVSDUPLR
HQHUJHWLFRVXOO
XQLWjHVWHUQD
127$
,O FRQQHWWRUH GL ULVSDUPLR HQHUJHWLFR VXOO
XQLWj HVWHUQD
GRYUj HVVHUH ULPRVVR VROWDQWR TXDQGR O
DOLPHQWD]LRQH
SULQFLSDOHGHOO
DSSOLFD]LRQHq',6$77,9$7$
,QFDVRGL55/4a&$9
'LTXDOLULVFDOGDWRULqDPPHVVRLO
IXQ]LRQDPHQWRGXUDQWHO
DOLPHQWD]LRQH
FRQWDULIIDN:KSUHIHUHQ]LDOH"
ƒ SUHGHILQLWR1HVVXQR
ƒ 6RORLOVXUULVFDOGDWRUH
ƒ 6RORLOULVFDOGDWRUHGLULVHUYD
ƒ 7XWWLLULVFDOGDWRUL
6ROR SHU 5+%+; 5.+: 9HGHUH OD
WDEHOODVRWWR
6ROR SHU 5+9+; 9HGHUH OD WDEHOOD
VRWWR
/HLPSRVWD]LRQLHKDQQRXQYDORUH
VROWDQWR VH O
DOLPHQWD]LRQH D WDULIID N:K
SUHIHUHQ]LDOH q GHO WLSR RSSXUH VH
O
XQLWj LQWHUQD q FROOHJDWD DG
XQ
DOLPHQWD]LRQH D WDULIID N:K QRUPDOH
WUDPLWH ;0 H LO ULVFDOGDWRUH GL
ULVHUYD H LO VXUULVFDOGDWRUH 121 VRQR
FROOHJDWL DOO
DOLPHQWD]LRQH D WDULIID N:K
SUHIHUHQ]LDOH
3x
123
1$
&RGLFH
>(@
6RORSHU5+%+;5.+:
>G@
6XUULVFDOGDWRUH
5LVFDOGDWRUHGL
ULVHUYD
'HVFUL]LRQH
)XQ]LRQHULVSDUPLRHQHUJHWLFRSHUO
XQLWj
HVWHUQD
ƒ 'LVDELOLWDWR
&RPSUHVVRUH
ƒ LPSRVWD]LRQHSUHGHILQLWD$ELOLWDWD
',6$77,9$=,21 ',6$77,9$=,21 ',6$77,9$=,2
SUHGHILQLWR (IRU]DWD
(IRU]DWD
1(IRU]DWD
,QFDVRGL55/4a&$9H55/4a&$:
3HUPHVVR
121PRGLILFDUHO
LPSRVWD]LRQHSUHGHILQLWD
',6$77,9$=,21 3HUPHVVR
(IRU]DWD
1$
3HUPHVVR
SUHGHILQLWR
5LVFDOGDWRUHGLULVHUYD
',6$77,9$=,21(
IRU]DWD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
'HVFUL]LRQH
)XQ]LRQHULVSDUPLRHQHUJHWLFRSHUO
XQLWj
HVWHUQD
ƒ SUHGHILQLWR'LVDELOLWDWD
6RORSHU5+9+;121XVDUHR
>G@
&RGLFH
>(@
&RPSUHVVRUH
ƒ $ELOLWDWD
',6$77,9$=,21(
IRU]DWD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
&RQWUROORFRQVXPRHOHWWULFR
$SSOLFDELOH VROWDQWR SHU 5+%+; 5+9+; 9HGHUH
/LQHH JXLGD UHODWLYH DOO
DSSOLFD]LRQH D SDJLQD SHU DYHUH
LQIRUPD]LRQLGHWWDJOLDWHVXTXHVWDIXQ]LRQDOLWj
>$@
&RGLFH
>@
ƒ 1HVVXQRLPSRVWD]LRQH
SUHGHILQLWD ,O ULVFDOGDWRUH GL ULVHUYD
H LO VXUULVFDOGDWRUH SRVVRQR
IXQ]LRQDUHVLPXOWDQHDPHQWH
&RQWUROORFRQVXPRHOHWWULFR
>$@
&RGLFH
>@
'HVFUL]LRQH
0RGR
ƒ 6XUULVFDOG ,O VXUULVFDOGDWRUH KD
ODSULRULWj
ƒ 1HVVXQD OLPLWLPSRVWD]LRQH
SUHGHILQLWD'LVDELOLWDWD
ƒ 5LVFULV,OULVFDOGDWRUHGLULVHUYD
KDODSULRULWj
ƒ &RQWLQXR $ELOLWDWD Ê SRVVLELOH
LPSRVWDUH XQ YDORUH GL OLPLWD]LRQH
GHOODSRWHQ]DLQ$RN:DFXLVDUj
VHPSUH OLPLWDWR LO FRQVXPR HOHWWULFR
GHOVLVWHPD
&RQWUROOR
FRQVXPR
$%,/,7$72>ತ@ R
>@
ƒ 6XUULVFDOG ,Q EDVH DO OLYHOOR GL
OLPLWD]LRQH GHOOD SRWHQ]D YHUUj
OLPLWDWR SHU SULPR LO ULVFDOGDWRUH GL
ULVHUYD SULPD FKH YHQJD OLPLWDWR LO
VXUULVFDOGDWRUH
7LSR
ƒ &RUUHQWH , YDORUL GL OLPLWD]LRQH
VRQRLPSRVWDWLLQ$
ƒ 5LVF ULV ,Q EDVH DO OLYHOOR GL
OLPLWD]LRQH GHOOD SRWHQ]D YHUUj
OLPLWDWR SHU SULPR LO VXUULVFDOGDWRUH
SULPD FKH YHQJD OLPLWDWR LO
ULVFDOGDWRUHGLULVHUYD
ƒ 3RWHQ]DSUHGHILQLWR , YDORUL GL
OLPLWD]LRQHVRQRLPSRVWDWLLQN:
>$@
>@
9DORUH$SSOLFDELOHVRORLQFDVRGL
PRGRGLOLPLWD]LRQHGHOODSRWHQ]DD
WHPSRSLHQR
a$JUDGLQR$YDORUHSUHGHILQLWR
$
>$@
>@
9DORUH$SSOLFDELOHVRORLQFDVRGL
PRGRGLOLPLWD]LRQHGHOODSRWHQ]DD
WHPSRSLHQR
a N: JUDGLQR N: YDORUH
SUHGHILQLWRN:
/LPLWL$SHU,'$SSOLFDELOHVRORLQFDVRGLPRGRGLOLPLWD]LRQHGHOOD
SRWHQ]DEDVDWRVXJOLLQSXWGLJLWDOLHVXLYDORULGHOODFRUUHQWH
>$@
>@
/LPLWH,'
1RWD1HOFDVRVLD',6$%,/,7$72LOFRQWUROORFRQVXPRHOHWWULFRSHU
WXWWL L PRGHOOL O
LPSRVWD]LRQH >@ GHILQLVFH VH LO ULVFDOGDWRUH GL
ULVHUYD H LO VXUULVFDOGDWRUH SRVVRQR IXQ]LRQDUH VLPXOWDQHDPHQWH
RSSXUH VH LO VXUULVFDOGDWRUHULVFDOGDWRUH GL ULVHUYD KD OD SULRULWj VXO
ULVFDOGDWRUHGLULVHUYDVXUULVFDOGDWRUH
1HO FDVR VLD $%,/,7$72 LO FRQWUROOR FRQVXPR HOHWWULFR VROR SHU
5+%+; H 5+9+; O
LPSRVWD]LRQH >ತ@ GHILQLVFH OD
SULRULWjGHLULVFDOGDWRULHOHWWULFLLQEDVHDOODOLPLWD]LRQHDSSOLFDELOH
>$@
&RGLFH
>@
a$JUDGLQR$YDORUHSUHGHILQLWR
$
>$@
>@
/LPLWH,'
a$JUDGLQR$YDORUHSUHGHILQLWR
$
>$@
>@
>@
/LPLWH,'
/LPLWH,'
ƒ 5LVFULV,OULVFDOGDWRUHGLULVHUYD
KD OD SULRULWj 6H q DELOLWDWR LO
FRQWUROOR FRQVXPR HOHWWULFR VDUj
OLPLWDWR SHU SULPR LO VXUULVFDOGDWRUH
SULPD FKH YHQJD OLPLWDWR LO
ULVFDOGDWRUHGLULVHUYD
a$JUDGLQR$YDORUHSUHGHILQLWR
$
/LPLWLN:SHU,'$SSOLFDELOHVRORLQFDVRGLPRGRGLOLPLWD]LRQH
GHOODSRWHQ]DEDVDWRVXJOLLQSXWGLJLWDOLHVXLYDORULGHOODSRWHQ]D
>$@
>@
/LPLWH,'
a N: JUDGLQR N: YDORUH
SUHGHILQLWRN:
>$@
>$@
/LPLWH,'
>$@
>%@
>&@
7LPHUFRQYDORUHPHGLR
/LPLWH,'
,O WLPHU FRQ YDORUH PHGLR FRUUHJJH O
LQIOXHQ]D GHOOH YDULD]LRQL GHOOD
WHPSHUDWXUD DPELHQWH ,O FDOFROR GHO VHW SRLQW GLSHQGHQWH GD
FRQGL]LRQL PHWHRURORJLFKH YLHQH HIIHWWXDWR VXOOD EDVH GHOOD
WHPSHUDWXUDHVWHUQDPHGLD
a N: JUDGLQR N: YDORUH
SUHGHILQLWRN:
/DPHGLDGHOODWHPSHUDWXUDHVWHUQDYLHQHIDWWDVXOSHULRGRGLWHPSR
VHOH]LRQDWR
a N: JUDGLQR N: YDORUH
SUHGHILQLWRN:
>$@
'HVFUL]LRQH
ƒ 1HVVXQRSUHGHILQLWR 1HVVXQ
ULVFDOGDWRUH KD OD SULRULWj 6H q
DELOLWDWR LO FRQWUROOR FRQVXPR
HOHWWULFR VDUj OLPLWDWR SHU SULPR LO
VXUULVFDOGDWRUH
ƒ 6XUULVFDOG ,O VXUULVFDOGDWRUH KD
OD SULRULWj 6H q DELOLWDWR LO FRQWUROOR
FRQVXPR HOHWWULFR YHUUj OLPLWDWR SHU
SULPRLOULVFDOGDWRUHGLULVHUYDIDVH
HRIDVHSULPDFKHYHQJDOLPLWDWR
LOVXUULVFDOGDWRUH
a$JUDGLQR$YDORUHSUHGHILQLWR
$
>$@
HOHWWULFR
ƒ 1HVVXQRLPSRVWD]LRQH
SUHGHILQLWD ,Q EDVH DO OLYHOOR GL
OLPLWD]LRQH GHOOD SRWHQ]D YHUUj
OLPLWDWR SHU SULPR LO VXUULVFDOGDWRUH
SULPD FKH YHQJD OLPLWDWR LO
ULVFDOGDWRUHGLULVHUYD
ƒ ,QSXWGLJLWDOL$ELOLWDWDÊSRVVLELOH
LPSRVWDUHILQRDTXDWWURGLYHUVLYDORUL
GL OLPLWD]LRQH GHOOD SRWHQ]D LQ $ R
N: D FXL VDUj OLPLWDWR LO FRQVXPR
HOHWWULFRGHOVLVWHPDTXDQGRULFKLHVWR
GDOO
LQSXWGLJLWDOHFRUULVSRQGHQWH
>$@
'HVFUL]LRQH
&RQWUROORFRQVXPRHOHWWULFR
',6$%,/,7$72>ತ@ /LPLWH,'
a N: JUDGLQR N: YDORUH
SUHGHILQLWRN:
3ULRULWj$SSOLFDELOHVRORLQFDVRGL5.+:RS]LRQDOH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
>$@
&RGLFH
>$@
'HVFUL]LRQH
7LPHUFRQYDORUHPHGLRGHOOD
WHPSHUDWXUDHVWHUQD
ƒ 1HVVXQD
SUHGHILQLWD
PHGLD
1$
&RGLFH
>)@
ƒ 'LVDELOLWDWR VH OD WHPSHUDWXUD
HVWHUQDqSLDOWDGL>@RSLEDVVD
GL >)@ D VHFRQGD GHO PRGR GL
IXQ]LRQDPHQWR GHO ULVFDOGDPHQWR
UDIIUHGGDPHQWR
LPSRVWD]LRQH
ƒ RUH
ƒ RUH
ƒ 3RVVLELOH D WXWWH OH WHPSHUDWXUH
HVWHUQH
ƒ RUH
ƒ RUH
,1)250$=,21,
6H q DWWLYDWD OD IXQ]LRQH ULVSDUPLR HQHUJHWLFR YHGHUH
>(@ LO FDOFROR GHOOD WHPSHUDWXUD HVWHUQD PHGLD q
SRVVLELOH VROWDQWR QHO FDVR YHQJD XWLOL]]DWR LO VHQVRUH
WHPSHUDWXUD DPELHQWH HVWHUQD LQVWDOODWR HVWHUQDPHQWH
9HGHUH,PSRVWD]LRQHGLXQVHQVRUHGHOODWHPSHUDWXUD
HVWHUQDDSDJLQD
6IDOVDPHQWRWHPSHUDWXUDGHOVHQVRUHDPELHQWHHVWHUQR
LQVWDOODWRHVWHUQDPHQWH
$SSOLFDELOH VROR QHO FDVR LQ FXL VLD LQVWDOODWR H FRQILJXUDWR XQ
VHQVRUHDPELHQWHHVWHUQRLQVWDOODWRHVWHUQDPHQWH
,O VHQVRUH GHOOD WHPSHUDWXUD DPELHQWH HVWHUQD LQVWDOODWR
HVWHUQDPHQWH SXz HVVHUH WDUDWR Ê SRVVLELOH DVVHJQDUH XQR
VIDOVDPHQWR DO YDORUH GHO WHUPLVWRUH /
LPSRVWD]LRQH SXz HVVHUH
XWLOL]]DWDSHUFRPSHQVDUHVLWXD]LRQLLQFXLQRQqSRVVLELOHLQVWDOODUHLO
VHQVRUH DPELHQWH HVWHUQR LQVWDOODWR HVWHUQDPHQWH QHOOD SRVL]LRQH
G
LQVWDOOD]LRQHLGHDOHYHGHUHLQVWDOOD]LRQH
>$@
&RGLFH
>%@
'HVFUL]LRQH
)XQ]LRQDPHQWRGHOODSRPSD
,O IXQ]LRQDPHQWR GHOOD SRPSD GXUDQWH O
DQRPDOLD GHO IOXVVR >)@
GHILQLVFH VH OD SRPSD VL DUUHVWD LQ RFFDVLRQH GHOO
DQRPDOLD GHO
IOXVVR RSSXUH FRQVHQWH GL FRQWLQXDUH LO IXQ]LRQDPHQWR TXDQGR VL
YHULILFD O
DQRPDOLD GHO IOXVVR 4XHVWD IXQ]LRQDOLWj q YDOLGD VROR LQ
FRQGL]LRQL VSHFLILFKH LQ FXL q SUHIHULELOH PDQWHQHUH OD SRPSD DWWLYD
TXDQGR 7Dƒ& OD SRPSD YHUUj DWWLYDWD SHU PLQXWL H GLVDWWLYDWD
GRSR PLQXWL 5RWH[ '(&/,1$ RJQL UHVSRQVDELOLWj SHU HYHQWXDOL
GDQQLULVXOWDQWLGDTXHVWDIXQ]LRQDOLWj
1$
&RGLFH
>)@
'HVFUL]LRQH
/DSRPSDFRQWLQXDLOIXQ]LRQDPHQWRLQ
FDVRGLDQRPDOLDGHOIOXVVR
ƒ /DSRPSDYHUUjGLVDWWLYDWD
ƒ /D SRPSD YHUUj DWWLYDWD VH 7Dƒ&
PLQXWL $77,9$7$ ± PLQXWL
',6$77,9$7$
'HVFUL]LRQH
íaƒ&JUDGLQRGLƒ&YDORUH
SUHGHILQLWRƒ&
6EULQDPHQWRIRU]DWR
ÊSRVVLELOHDYYLDUHPDQXDOPHQWHXQ
RSHUD]LRQHGLVEULQDPHQWR
/DGHFLVLRQHGLHIIHWWXDUHO
RSHUD]LRQHGLVEULQDPHQWRPDQXDOHYLHQH
SUHVD GDOO
XQLWj HVWHUQD H GLSHQGH GDOOH FRQGL]LRQL GHOO
DPELHQWH H
GHOOR VFDPELDWRUH GL FDORUH 4XDQGR O
XQLWj HVWHUQD KD DFFHWWDWR
O
RSHUD]LRQH GL VEULQDPHQWR IRU]DWR VXOO
LQWHUIDFFLD XWHQWH VDUj
YLVXDOL]]DWR 6H 121YLHQHYLVXDOL]]DWRHQWURPLQXWLGRSRFKH
q VWDWD DELOLWDWD O
RSHUD]LRQH GL VEULQDPHQWR IRU]DWR O
XQLWj HVWHUQD
LJQRUDODULFKLHVWDGLVEULQDPHQWRIRU]DWR
>$@
&RGLFH
1$
'HVFUL]LRQH
6LGHVLGHUDDYYLDUHXQ
RSHUD]LRQHGL
VEULQDPHQWR"
ƒ 2.
ƒ $QQXOOD
)XQ]LRQDPHQWRGHOODSRPSD
/
LPSRVWD]LRQHLQORFRGHOIXQ]LRQDPHQWRGHOODSRPSDVLDSSOLFDDOOD
ORJLFDGLIXQ]LRQDPHQWRSRPSDVRORVH>)'@ 4XDQGR LO IXQ]LRQDPHQWR GHOOD SRPSD q GLVDWWLYDWR OD SRPSD VL
DUUHVWDVHODWHPSHUDWXUDHVWHUQDqVXSHULRUHDOYDORUHLPSRVWDWRGD
>@ R VH OD WHPSHUDWXUD HVWHUQD VFHQGH DO GL VRWWR GHO YDORUH
LPSRVWDWR GD >)@ 4XDQGR LO IXQ]LRQDPHQWR GHOOD SRPSD q
DWWLYDWR LO IXQ]LRQDPHQWR GHOOD SRPSD q SRVVLELOH D WXWWH OH
WHPSHUDWXUHHVWHUQH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
&RQILJXUD]LRQH
>@
6WUXWWXUDGHLPHQX3DQRUDPLFD
,PSRVWDRUDGDWD
'DWD
2UD
2UDOHJDOH
)RUPDWRRUD
>@
!
9DFDQ]D
9DFDQ]D
0RGRYDFDQ]D
'D
)LQFK«
8VDUHSURJUDPPDJLRUQR
>@
0RGDOLW¢VLOHQ]LRVD
>@
0RGRIXQ]
>@
6HOH]LRQDSURJUDPPL
$FDVD
>@
9DFDQ]D
9DFDQ]D
0RGRYDFDQ]D
'D
)LQFK«
0RGRIXQ]
5LVFDOGDPHQWR
5DIIUHGGDPHQWR
)XRULFDVD
7HPSHUDWXUDDPELHQWH
9DORUHSULQFLSDOH7PDQ
9DORUHDJJLXQWLYR7PDQ
7HPSHUDWXUDVHUEDWRLR
>@
,QIRUPD]LRQL
,QIRUPD]LRQLVHQVRUH
0LVXUD]LRQHHQHUJLD
*HVWLRQHHUURUH
/LYHOORDXWRUL]]D]LRQHXWHQWH
$WWXDWRUL
0RGLRSHUDWLYL
2UHGLIXQ]LRQDPHQWR
9HUVLRQH
>@
0LVXUD]LRQHHQHUJLD
(OHWWULFFRQV
(QHUJLDSURGRWWD
>@
,QIRUPD]LRQLHUURUH
6WRULFRHUURUL
1FRQWDWWRDVVLVWFOLHQWL
>@
9HUVLRQH
,QWHUIDFFLDXWHQWH
8QLWjLQWHUQD
8QLW¢HVWHUQD
>@
,PSRVWD]LRQLXWHQWH
'LVSOD\
%ORFFRWHPSHUDWXUD
3URJUDPPLLPSRVWDWL
9DORULSUHLPSRVWDWL
0RGRIXQ]DPP
8QLW¢GLPLVXUD
>@
'LVSOD\
&RQWUDVWR
7HPSRUHWURLOO/&'
3URILORXWHQWH
3DJLQHLQL]LDOLGLVSRQLELOL
>@
3URJUDPPLLPSRVWDWL
7HPSDPELHQWH
9DORUHSULQFLSDOH7PDQ
9DORUHDJJLXQWLYR7PDQ
7HPSVHUEDWRLR
$XWRUL]]D]LRQHVXUULVFDOGDWRUH
0RGDOLW¢VLOHQ]LRVD
3RPSD$&6
>@
9DORULSUHLPSRVWDWL
7HPSHUDWXUDDPELHQWH
9DORUHSULQFLSDOH7PDQ
7HPSHUDWXUDVHUEDWRLR
/LYHOORVLOHQ]LRVR
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQILJXUD]LRQH
6WUXWWXUDGHOPHQX3DQRUDPLFDGHOOHLPSRVWD]LRQLLQVWDOODWRUH
>$@ ,PSRVWD]LRQLLQVWDOODWRUH
/LQJXD
/D\RXWVLVWHPD
)XQ]LRQDPHQWRDPELHQWH
$FTXDFDOGDVDQLWDULD$&6
)RQWLGLFDORUH
)XQ]LRQDPHQWRVLVWHPD
0HVVDLQIXQ]LRQH
3DQRUDPLFDLPSRVWD]LRQL
>$@ /D\RXWVLVWHPD
6WDQGDUG
2S]LRQL
&DSDFLW¢
&RQIHUPDOD\RXW
>$@ )XQ]LRQDPHQWRDPELHQWH
,PSRVWD]LRQL7PDQ
7HUPRVWDWRDPELHQWH
5DQJHGLIXQ]LRQDPHQWR
>$@ 6WDQGDUG
7LSRXQLW¢
7LSRGLFRPSUHVVRUH
7LSRVRIWZDUHSHULQW
*UDGLQLULVFDOGGLULVHUYD
7LSR5LVF5LV
7DULIIDN:KSUHI
0HW&RQWUROOR
1XPHURGL]RQH7PDQ
0RGRGLIXQ]SRPSD
5LVSDUPLRHQHUJSRVVLELOH
8ELFLQWHUIXWHQWH
>$@ 2S]LRQL
)XQ]LRQDP$&6
5LVFVHUE$&6
7LSRFRQWSULQ
7LSRFRQWDJJ
6FKHGDFRQ,2GLJLWDOH
6FKHGDDULFKLHVWD
&RQWN:KHVWHUQR
&RQWN:KHVWHUQR
3RPSD$&6
6HQVRUHHVWHUQR
>$@ ,PSRVWD]LRQL7PDQ
3ULQFLSDOH
$JJLXQWLYR
7UDVPHWW'HOWD7
>$@ 7HUPRVWDWRDPELHQWH
5DQJHWHPSDPELHQWH
6IDOVWHPSDPE
*UDGLQRWHPSDPELHQWH
>$@ $FTXDFDOGDVDQLWDULD$&6
0RGRVHWS
$&6SURJUDPPDWD
/HWWXUDVHWSRLQW
'LVLQIH]LRQH
6HWSRLQWPD[
>$@ 5DQJHGLIXQ]LRQDPHQWR
7HPSGLVULVFDPE
7HPSDWWUDIIUDPE
>$@ $&6SURJUDPPDWD
7HPSHUSURJUDPPD
0RG63DFFXPXOR
&XUYDFOLPDWLFD
>$@ 6FKHGDFRQ,2GLJLWDOH
6UFULVFULVHVW
.LWVRODUH
8VFLWDDOODUPH
5LVFSLDVWUDLQI
>$@ 3ULQFLSDOH
7PDQVHWPRG
5DQJHWHPSHUDWXUH
,PSRVWDFOLPDWLFDULVFDOG
,PSRVWDFOLPDWLFDUDIIU
7PDQPRGXODQWH
9DOYRODGLLQWHUFHWWD]LRQH
7LSRGLWUDVPHWWLWRUH
>$@ $JJLXQWLYR
7PDQVHWPRG
5DQJHWHPSHUDWXUH
,PSRVWDFOLPDWLFDULVFDOG
,PSRVWDFOLPDWLFDUDIIU
>$@ /HWWXUDVHWSRLQW
7LSROHWWXUDVHWSRLQW
3HUVRQHSHUFRQYHUV
>$@ )RQWLGLFDORUH
5LVFDOGDWRUHGLULVHUYD
>$@ )XQ]LRQDPHQWRVLVWHPD
5LDYYLRDXWRPDWLFR
7DULIIDN:KSUHI
&RQWUROORFRQVXPRHOHWWULFR
7HPSRHODERUD]PHGLD
6IDOVVHQVDPEHVW
6EULQDPHQWRIRU]DWR
>$@ 0HVVDLQIXQ]LRQH
3URYDGLIXQ]LRQDPHQWR
$VFPDVVHWWRULVFDSDYLPHQWR
6SXUJRDULD
3URYDIXQ]LRQDPHQWRDWWXDWRUH
>$@ 'LVLQIH]LRQH
'LVLQIH]LRQH
)XQ]*LRUQR
2UDLQL]LR
7DUJHWWHPS
'XUDWD
>$@ 5LVFDOGDWRUHGLULVHUYD
0RGRIXQ]
)XQ]HPHUJDXWRP
$ELOJUDGLQR5LVF5LV
7HPSGLHTXLO
>$@ 7DULIIDN:KSUHI
5LVFDPPHVVR
3RPSDIRU]VSHQWD
>$@ &RQWUROORFRQVXPRHOHWWULFR
0RGR
7LSR
9DORUH$
9DORUHN:
/LPLWL$SHU,'
/LPLWLN:SHU,'
3ULRULW¢
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
0HVVDLQIXQ]LRQH
121YLVRQRSHUGLWHGLUHIULJHUDQWH
0HVVDLQIXQ]LRQH
, WXEL GHO UHIULJHUDQWH JDVVRVR H OLTXLGR VRQR LVRODWL
WHUPLFDPHQWH
,1)250$=,21,
Ê LQVWDOODWD OD GLPHQVLRQH GHL WXEL FRUUHWWD H L WXEL VRQR
FRUUHWWDPHQWHLVRODWL
ƒ 'XUDQWH LO SULPR SHULRGR GL IXQ]LRQDPHQWR GHOO
XQLWj OD
TXDQWLWj GL HQHUJLD ULFKLHVWD SRWUHEEH ULVXOWDUH SL
HOHYDWD GL TXHOOD LQGLFDWD VXOOD WDUJKHWWD LQIRUPDWLYD
GHOO
XQLWj 4XHVWR IHQRPHQR q GRYXWR DO IDWWR FKH LO
FRPSUHVVRUH QHFHVVLWD GL XQ URGDJJLR GL RUH SHU
UDJJLXQJHUH XQ IXQ]LRQDPHQWR VFRUUHYROH H XQ
FRQVXPRGLHQHUJLDVWDELOH
121YLVRQRSHUGLWHG
DFTXDQHOO
XQLWjLQWHUQD
/H YDOYROH GL LQWHUFHWWD]LRQH VRQR FRUUHWWDPHQWH
LQVWDOODWHHFRPSOHWDPHQWHDSHUWH
/H YDOYROH GL DUUHVWR SHU LO JDV H LO OLTXLGR VXOO
XQLWj
HVWHUQDVRQRFRPSOHWDPHQWHDSHUWH
ƒ 3ULPD GHOO
DYYLR q QHFHVVDULR WHQHUH DFFHVR O
LPSLDQWR
SHU DOPHQR RUH SHU FRQVHQWLUH LO IXQ]LRQDPHQWR
GHOO
HOHWWURULVFDOGDWRUHGHOO
ROLR
$VVLFXUDUVL FKH OD YDOYROD GHOOR VSXUJR DULD VLD DSHUWD
DOPHQRJLUL
/D YDOYROD GL VLFXUH]]D GHYH VSXUJDUH DFTXD TXDQGR q
DSHUWD
3DQRUDPLFD0HVVDLQIXQ]LRQH
127$
/DPHVVDLQIXQ]LRQHWLSLFDPHQWHVLFRPSRQHGHOOHIDVLVHJXHQWL
&RQWUROOR GHOOD ³/LVWD GL FRQWUROOR SULPD GHOOD SURYD GL
IXQ]LRQDPHQWR´
(VHFX]LRQHGLXQRVSXUJRDULD
(VHFX]LRQHGLXQDSURYDGLIXQ]LRQDPHQWRSHULOVLVWHPD
6H QHFHVVDULR HVHFX]LRQH GL XQD SURYD GL IXQ]LRQDPHQWR SHU
XQRRSLDWWXDWRUL
6H QHFHVVDULR HVHJXLUH XQ
DVFLXJDWXUD GHO PDVVHWWR GHO
ULVFDOGDPHQWRDSDYLPHQWR
3ULPD GL DYYLDUH LO VLVWHPD VL GHYH DFFHQGHUH O
XQLWj SHU
DOPHQRRUH/
HOHWWURULVFDOGDWRUHGHOO
ROLRGHYHULVFDOGDUH
O
ROLRGHOFRPSUHVVRUHSHUHYLWDUHDPPDQFKLGLROLRHJXDVWL
DOFRPSUHVVRUHGXUDQWHO
DYYLR
127$
121 D]LRQDUH 0$, O
XQLWj VHQ]D L WHUPLVWRUL VL SRWUHEEH
LQIDWWLEUXFLDUHLOFRPSUHVVRUH
127$
121 D]LRQDUH O
XQLWj ILQFKp OH WXED]LRQL GHO UHIULJHUDQWH
QRQ VDUDQQR VWDWH FRPSOHWDWH VH D]LRQDWR SULPD LO
FRPSUHVVRUHVLJXDVWHUj
/LVWDGLFRQWUROORSULPDGHOODSURYD
GLIXQ]LRQDPHQWR
121 PHWWHUH LQ IXQ]LRQH LO VLVWHPD SULPD FKH L VHJXHQWL FRQWUROOL
DEELDQRGDWRHVLWRSRVLWLYR
/
XQLWjLQWHUQDqFRUUHWWDPHQWHPRQWDWD
/
XQLWjHVWHUQDqFRUUHWWDPHQWHPRQWDWD
, VHJXHQWL FROOHJDPHQWL HOHWWULFL LQ ORFR VRQR VWDWL
HVHJXLWL LQ EDVH DO SUHVHQWH GRFXPHQWR H DOOH OHJJL
DSSOLFDELOL
ƒ 7UDLOSDQQHOORGLDOLPHQWD]LRQHORFDOHHO
XQLWjLQWHUQD
ƒ 7UDO
XQLWjLQWHUQDHOHYDOYROHVHDSSOLFDELOH
ƒ 7UD O
XQLWj LQWHUQD H LO WHUPRVWDWR DPELHQWH VH
DSSOLFDELOH
ƒ 7UD O
XQLWj LQWHUQD H LO VHUEDWRLR GHOO
DFTXD FDOGD
VDQLWDULDVHDSSOLFDELOH
,O VLVWHPD q FRUUHWWDPHQWH PHVVR D WHUUD H L WHUPLQDOL GL
WHUUDVRQRVHUUDWL
, IXVLELOL R L GLVSRVLWLYL GL SURWH]LRQH LQVWDOODWL ORFDOPHQWH
VRQR FRQIRUPL DO SUHVHQWH GRFXPHQWR H QRQ VRQR VWDWL
E\SDVVDWL
)XQ]LRQHVSXUJRDULD
,Q VHGH GL PHVVD LQ IXQ]LRQH H LQVWDOOD]LRQH GHOO
XQLWj q PROWR
LPSRUWDQWHIDUXVFLUHWXWWDO
DULDGDOFLUFXLWRLGUDXOLFR4XDQGRqDWWLYD
OD IXQ]LRQH VSXUJR DULD OD SRPSD IXQ]LRQD VHQ]D O
HIIHWWLYR
IXQ]LRQDPHQWR GHOO
XQLWj H KD LQL]LR O
HVSXOVLRQH GHOO
DULD SUHVHQWH
QHOFLUFXLWRLGUDXOLFR
(VLVWRQRPRGLSHUVSXUJDUHO
DULD
ƒ 0DQXDOPHQWHO
XQLWjIXQ]LRQDFRQODSRPSDDGXQDYHORFLWjILVVD
HLQXQDSRVL]LRQHILVVDRSHUVRQDOL]]DWDGHOODYDOYRODDYLH/D
SRVL]LRQHSHUVRQDOL]]DWDGHOODYDOYRODDYLHqXQDIXQ]LRQHXWLOH
FKH VHUYH D ULPXRYHUH WXWWD O
DULD GDO FLUFXLWR LGUDXOLFR QHO PRGR
ULVFDOGDPHQWRDPELHQWHRULVFDOGDPHQWRDFTXDFDOGDVDQLWDULD6L
SXz DQFKH LPSRVWDUH OD YHORFLWj GL IXQ]LRQDPHQWR GHOOD SRPSD
OHQWDRUDSLGD
ƒ $XWRPDWLFR O
XQLWj FDPELD DXWRPDWLFDPHQWH OD YHORFLWj GHOOD
SRPSD H OD SRVL]LRQH GHOOD YDOYROD D YLH WUD LO PRGR
ULVFDOGDPHQWR DPELHQWH R LO PRGR ULVFDOGDPHQWR DFTXD FDOGD
VDQLWDULD
/D IXQ]LRQH GL VSXUJR DULD VL DUUHVWD DXWRPDWLFDPHQWH GRSR
PLQXWL
/D WHQVLRQH GL DOLPHQWD]LRQH GHO SDQQHOOR GL
DOLPHQWD]LRQH ORFDOH q FRQIRUPH DOOD WHQVLRQH ULSRUWDWD
VXOODWDUJKHWWDGLLGHQWLILFD]LRQHGHOO
XQLWj
,1)250$=,21,
6LUDFFRPDQGDGLDYYLDUHODIXQ]LRQHVSXUJRDULDQHOPRGR
PDQXDOH 8QD YROWD ULPRVVD TXDVL WXWWD O
DULD VL
UDFFRPDQGDGLDYYLDUHLOPRGRDXWRPDWLFR6HQHFHVVDULR
ULSHWHUH LO PRGR DXWRPDWLFR ILQFKp QRQ VL DYUj OD FHUWH]]D
FKHGDOVLVWHPDqVWDWDULPRVVDWXWWDO
DULD
1RQ q SUHVHQWH 1(6681 FROOHJDPHQWR DOOHQWDWR R
FRPSRQHQWHHOHWWULFRGDQQHJJLDWRQHOTXDGURHOHWWULFR
1RQ F
q 1(6681 FRPSRQHQWH GDQQHJJLDWR R WXER
VFKLDFFLDWRDOO
LQWHUQRGHOOHXQLWjLQWHUQHHGHVWHUQH
$VHFRQGDGHOWLSRGLULVFDOGDWRUHGLULVHUYDO
LQWHUUXWWRUH
GLGLVSHUVLRQHDWHUUDGHOULVFDOGDWRUHGLULVHUYD)%R
)%VXOTXDGURHOHWWULFRq$77,9$72
6RORSHULVHUEDWRLFRQVXUULVFDOGDWRUHLQFRUSRUDWR
/
LQWHUUXWWRUHGLGLVSHUVLRQHDWHUUDGHOVXUULVFDOGDWRUH
)%VXOTXDGURHOHWWULFRq$77,9$72
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
3HUHVHJXLUHXQRVSXUJRDULDPDQXDOH
,PSRVWDUHLOOLYHOORDXWRUL]]D]LRQHXWHQWHVX,QVWDOODWRUH9HGHUH
,PSRVWD]LRQHGHOOLYHOORDXWRUL]]D]LRQHXWHQWHVX,QVWDOODWRUHD
SDJLQD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
0HVVDLQIXQ]LRQH
,PSRVWDUHLOPRGRVSXUJRDULDDQGDUHD>$@
!
,PSRVWD]LRQL LQVWDOODWRUH ! 0HVVD LQ IXQ]LRQH ! 6SXUJR DULD !
7LSR
6HOH]LRQDUH0DQXDOHHSUHPHUH
,PSRVWDUHODYHORFLWjSRPSDGHVLGHUDWDDQGDUHD>$@
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQIXQ]LRQH!9HORFLWj
6HOH]LRQDUHODYHORFLWjSRPSDGHVLGHUDWDHSUHPHUH
6HOH]LRQDUH2.HSUHPHUH
,1)250$=,21,
6HVRQRSUHVHQWLGXHLQWHUIDFFHXWHQWHVLSXzDYYLDUHXQD
SURYDGLIXQ]LRQDPHQWRGDHQWUDPEH
5LVXOWDWR%DVVR
ƒ /
LQWHUIDFFLD XWHQWH FKH q VWDWD XVDWD SHU DYYLDUH OD
SURYD GL IXQ]LRQDPHQWR YLVXDOL]]D XQD VFKHUPDWD GL
VWDWR
5LVXOWDWR$OWR
6HDSSOLFDELOHVHOH]LRQDUHODSRVL]LRQHGHVLGHUDWDGHOODYDOYROD
DYLH6HQRQDSSOLFDELOHDQGDUHD>$@
,PSRVWDUHODSRVL]LRQHGHVLGHUDWDGHOODYDOYRODDYLH!DQGDUH
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQIXQ]LRQH!
D>$@
6SXUJRDULD!&LUF
6HOH]LRQDUHLOFLUFXLWRGHVLGHUDWRHSUHPHUH
5LVXOWDWR5LVFUDIIUDPELHQWH
5LVXOWDWR6HUEDWRLR
$QGDUHD>$@
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQ
IXQ]LRQH!6SXUJRDULD!$YYLRVSXUJRDULDHSUHPHUH
SHU
DYYLDUHODIXQ]LRQHVSXUJRDULD
5LVXOWDWR/DSURYDGLIXQ]LRQDPHQWRKDLQL]LR8QDYROWDHIIHWWXDWD
HVVD VL DUUHVWD DXWRPDWLFDPHQWH “ PLQ 3HU DUUHVWDUOD
PDQXDOPHQWHSUHPHUH VHOH]LRQDUH2.HSUHPHUH ƒ /
DOWUD LQWHUIDFFLD XWHQWH YLVXDOL]]D XQD VFKHUPDWD
RFFXSDWD 0HQWUH OD VFKHUPDWD q RFFXSDWD QRQ q
SRVVLELOHDUUHVWDUHODSURYDGLIXQ]LRQDPHQWR
6HO
LQVWDOOD]LRQHGHOO
XQLWjqVWDWDHIIHWWXDWDFRUUHWWDPHQWHO
XQLWjVL
DYYLHUj GXUDQWH LO IXQ]LRQDPHQWR GL SURYD QHO PRGR IXQ]LRQDPHQWR
VHOH]LRQDWR 'XUDQWH LO PRGR GL SURYD q SRVVLELOH FRQWUROODUH LO
FRUUHWWR IXQ]LRQDPHQWR GHOO
XQLWj PRQLWRUDQGR OD WHPSHUDWXUD
GHOO
DFTXD LQ XVFLWD PRGR ULVFDOGDPHQWRUDIIUHGGDPHQWR H OD
WHPSHUDWXUDVHUEDWRLRPRGRDFTXDFDOGDVDQLWDULD
3HU PRQLWRUDUH OD WHPSHUDWXUD DQGDUH D >$@ H VHOH]LRQDUH OH
LQIRUPD]LRQLFKHVLGHVLGHUDFRQWUROODUH
5LVXOWDWR+DLQL]LRORVSXUJRDULDHDSSDUHODVHJXHQWHVFKHUPDWD
0DU 3HUHIIHWWXDUHXQDSURYDGLIXQ]LRQDPHQWR
DWWXDWRUH
6SXUJRDULD
/D SURYD GL IXQ]LRQDPHQWR DWWXDWRUH KD OR VFRSR GL FRQIHUPDUH LO
IXQ]LRQDPHQWRGHLYDULDWWXDWRULSHUHVHPSLRTXDQGRVLVHOH]LRQDLO
IXQ]LRQDPHQWRSRPSDDYUjLQL]LRXQDSURYDGLIXQ]LRQDPHQWRGHOOD
SRPSD
$UUHVWR
$VVLFXUDUVL FKH LO FRQWUROOR GHOOD WHPSHUDWXUD DPELHQWH LO
FRQWUROOR GHOOD WHPSHUDWXUD GHOO
DFTXD LQ XVFLWD H LO FRQWUROOR
GHOO
DFTXD FDOGD VDQLWDULD VLDQR ',6$77,9$7, DWWUDYHUVR
O
LQWHUIDFFLDXWHQWH
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQ
$QGDUHD>$@
IXQ]LRQH!3URYDIXQ]LRQDPHQWRDWWXDWRUH
6HOH]LRQDUHXQDWWXDWRUHHSUHPHUH
(VHPSLR3RPSD
6HOH]LRQDUH2.HSUHPHUH
3HUHVHJXLUHXQRVSXUJRDULDDXWRPDWLFR
,PSRVWDUHLOOLYHOORDXWRUL]]D]LRQHXWHQWHVX,QVWDOODWRUH9HGHUH
,PSRVWD]LRQHGHOOLYHOORDXWRUL]]D]LRQHXWHQWHVX,QVWDOODWRUHD
SDJLQD
,PSRVWDUHLOPRGRVSXUJRDULDDQGDUHD>$@
!
,PSRVWD]LRQL LQVWDOODWRUH ! 0HVVD LQ IXQ]LRQH ! 6SXUJR DULD !
7LSR
6HOH]LRQDUH$XWRPDWLFRHSUHPHUH
$QGDUHD>$@
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQ
IXQ]LRQH!6SXUJRDULD!$YYLRVSXUJRDULDHSUHPHUH
SHU
DYYLDUHODIXQ]LRQHVSXUJRDULD
5LVXOWDWR $YUj LQL]LR OR VSXUJR DULD H DSSDULUj OD VFKHUPDWD
VHJXHQWH
0DU 5LVXOWDWR/DSURYDGLIXQ]LRQDPHQWRDWWXDWRUHKDLQL]LR8QDYROWD
HIIHWWXDWD HVVD VL DUUHVWD DXWRPDWLFDPHQWH 3HU DUUHVWDUOD
PDQXDOPHQWHSUHPHUH VHOH]LRQDUH2.HSUHPHUH 3RVVLELOLSURYHIXQ]LRQDPHQWRDWWXDWRUL
ƒ 3URYDVXUULVFDOGDWRUH
ƒ 3URYDULVFDOGDWRUHULVHUYDVWHS
6SXUJRDULD
ƒ 3URYDULVFDOGDWRUHULVHUYDVWHS
ƒ 3URYDSRPSD
ƒ 3URYDSRPSDVRODUH
ƒ 3URYDYDOYRODDYLH
$UUHVWR
ƒ 3URYDYDOYRODDYLH
3HULQWHUURPSHUHORVSXUJRDULD
$QGDUHD>$@
3UHPHUH
DULD
HSUHPHUH
ƒ 3URYDULVFDOGDWRUHSLDVWUDIRQGR
ƒ 3URYDVHJQDOHELYDOHQWH
ƒ 3URYDXVFLWDDOODUPH
SHUFRQIHUPDUHODIXQ]LRQHVSXUJR
ƒ 3URYDVHJQDOHUDIIUHGGDPHQWRULVFDOGDPHQWR
ƒ 3URYDULVFDOGDPHQWRUDSLGR
3HUHVHJXLUHXQDSURYDGLIXQ]LRQDPHQWR
$QGDUHD>$@
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQ
IXQ]LRQH!3URYDGLIXQ]LRQDPHQWR
6HOH]LRQDUHXQDSURYDHSUHPHUH
(VHPSLR5LVFDOGDPHQWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
ƒ 3URYDSRPSDGLFLUFROD]LRQH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
0HVVDLQIXQ]LRQH
$VFLXJDWXUDGHOPDVVHWWRGL
ULVFDOGDPHQWRDSDYLPHQWR
,1)250$=,21,
4XHVWD IXQ]LRQH YLHQH XWLOL]]DWD SHU DVFLXJDUH LO PDVVHWWR GL XQ
VLVWHPDGLULVFDOGDPHQWRDSDYLPHQWRPROWROHQWDPHQWHGXUDQWHOD
FRVWUX]LRQH GL XQ
DELWD]LRQH (VVR FRQVHQWH DOO
LQVWDOODWRUH GL
SURJUDPPDUHHGHVHJXLUHTXHVWRSURJUDPPD
4XHVWD IXQ]LRQH SXz HVVHUH HVHJXLWD VHQ]D FKH VLD WHUPLQDWD
O
LQVWDOOD]LRQH HVWHUQD ,Q TXHVWR FDVR LO ULVFDOGDWRUH GL ULVHUYD
HVHJXLUjO
DVFLXJDWXUDGHOPDVVHWWRHIRUQLUjO
DFTXDLQXVFLWDVHQ]D
LOIXQ]LRQDPHQWRSRPSDGLFDORUH
Ê LPSRUWDQWH FKH QRQ YL VLD QHVVXQD IDVH YXRWD QHO
SURJUDPPD ,O SURJUDPPD YHUUj HVHJXLWR ILQFKp QRQ
WURYHUj XQD IDVH YXRWD SURJUDPPDWD 23385( GRSR IDVLFRQVHFXWLYH
,1)250$=,21,
/
DOLPHQWD]LRQHDWDULIIDN:KSUHIHUHQ]LDOHQRQSXzHVVHUH
XWLOL]]DWD LQ FRPELQD]LRQH FRQ O
DVFLXJDWXUD GHO PDVVHWWR
GHOULVFDOGDPHQWRDSDYLPHQWR
127$
/
LQVWDOODWRUHKDODUHVSRQVDELOLWjGL
ƒ FRQWDWWDUHLOSURGXWWRUHGHOPDVVHWWRSHUOHLVWUX]LRQLGL
ULVFDOGDPHQWR LQL]LDOH RQGH HYLWDUH FKH LO PDVVHWWR VL
FUHSL
ƒ SURJUDPPDUHLOSURJUDPPDGLDVFLXJDWXUDGHOPDVVHWWR
GHO ULVFDOGDPHQWR D SDYLPHQWR LQ EDVH DOOH VXGGHWWH
LVWUX]LRQLGHOSURGXWWRUHGHOPDVVHWWR
ƒ FRQWUROODUHDLQWHUYDOOLUHJRODULLOFRUUHWWRIXQ]LRQDPHQWR
GHOODFRQILJXUD]LRQH
ƒ VHOH]LRQDUH LO SURJUDPPD FRUUHWWR FKH VLD FRQIRUPH DO
WLSRGLPDVVHWWRXWLOL]]DWRSHULOSDYLPHQWR
ODGXUDWDGLXQQXPHURGLRUHILQRDGXQPDVVLPRGLRUH
ODWHPSHUDWXUDPDQXDOHULFKLHVWD
$QGDUHD>$@
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQ
IXQ]LRQH!$VFPDVVHWWRULVFDSDYLPHQWR
,PSRVWDUHXQSURJUDPPDGLDVFLXJDWXUD
6HOH]LRQDUH$YYLDDVFLXJDWXUDHSUHPHUH
6HOH]LRQDUH2.HSUHPHUH
5LVXOWDWR 6L DYYLD O
DVFLXJDWXUD GHO PDVVHWWR GHO ULVFDOGDPHQWR D
SDYLPHQWR H DSSDUH OD VHJXHQWH VFKHUPDWD 8QD YROWD HIIHWWXDWD
HVVD VL DUUHVWD DXWRPDWLFDPHQWH 3HU DUUHVWDUOD PDQXDOPHQWH
SUHPHUH VHOH]LRQDUH2.HSUHPHUH 0DU /
LQVWDOODWRUH SXz SURJUDPPDUH ILQR D IDVL LQ FXL SHU RJQL IDVH
GHYHLQVHULUH
$VFLXJPDVV
)DVHFRUUHQWH
5HVWDQWH
7PDQULFKLHVWD
(VHPSLR
T
3HUDYYLDUHXQ
DVFLXJDWXUDGHOPDVVHWWR
GHOULVFDOGDPHQWRDSDYLPHQWR
GK
r&
$UUHVWR
24h (1)
36h (2)
25°C (1)
A1
35°C (2)
3HUOHJJHUHORVWDWRGLXQ
DVFLXJDWXUDGHO
PDVVHWWRGHOULVFDOGDPHQWRDSDYLPHQWR
3UHPHUH
6DUDQQR YLVXDOL]]DWL OD IDVH FRUUHQWH GHO SURJUDPPD LO WHPSR
WRWDOHUHVWDQWHHWHPSHUDWXUDPDQXDOHULFKLHVWDFRUUHQWH
,1)250$=,21,
t
7
W
/D VWUXWWXUD GHO PHQX KD XQ DFFHVVR OLPLWDWR Ê SRVVLELOH
DFFHGHUHVRORDOPHQXVHJXHQWH
/DWHPSHUDWXUDPDQXDOHULFKLHVWDaƒ&
/DGXUDWDaRUH
)DVHG
LQWHUYHQWR
)DVHG
LQWHUYHQWR
3HUSURJUDPPDUHXQSURJUDPPDGL
DVFLXJDWXUDGHOPDVVHWWRGHO
ULVFDOGDPHQWRDSDYLPHQWR
$QGDUHD>$@
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQ
IXQ]LRQH ! $VF PDVVHWWR ULVF D SDYLPHQWR ! ,PSRVWD
SURJUDPPDDVFLXJDWXUD
8VDUHLWDVWL
ƒ 8VDUHLWDVWL
SURJUDPPD
ƒ 8VDUHLWDVWL
H
H
H
SHUSURJUDPPDUHLOSURJUDPPD
SHUORVFRUULPHQWRDWWUDYHUVRLO
ƒ ,QIRUPD]LRQL
ƒ ,PSRVWD]LRQL LQVWDOODWRUH ! 0HVVD LQ IXQ]LRQH ! $VF
PDVVHWWRULVFDSDYLPHQWR
6H LO SURJUDPPD VL DUUHVWD LQ VHJXLWR D XQ HUURUH DG XQR
VSHJQLPHQWR
GHO
IXQ]LRQDPHQWR
R
D
XQ
LQWHUUX]LRQH
GHOO
DOLPHQWD]LRQH YHUUj YLVXDOL]]DWR O
HUURUH 8 VXOO
LQWHUIDFFLD
XWHQWH 3HU ULVROYHUH O
HUURUH YHGHUH 5LVROX]LRQH GHLSUREOHPL
LQ EDVH DL FRGLFL HUURUH D SDJLQD 3HU UHVHWWDUH O
HUURUH 8 LO
SURSULR/LYHOORDXWRUL]]D]LRQHXWHQWHGHYHHVVHUH,QVWDOODWRUH
SHUODUHJROD]LRQHGHOODVHOH]LRQH
5LVXOWDWR 6H VL VHOH]LRQD XQ ODVVR GL WHPSR q SRVVLELOH
LPSRVWDUHODGXUDWDWUDHRUH
5LVXOWDWR6HVLVHOH]LRQDXQDWHPSHUDWXUDVLSXzLPSRVWDUH
ODWHPSHUDWXUDPDQXDOHULFKLHVWDWUDƒ&Hƒ&
3HU DJJLXQJHUH XQD QXRYD IDVH VHOH]LRQDUH ³±K´ R ³±´ LQ XQD
ULJDYXRWDHSUHPHUH 3HUHOLPLQDUHXQDIDVHLPSRVWDUHODGXUDWDVX³±´SUHPHQGR
3HUVDOYDUHLOSURJUDPPDSUHPHUH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
3HULQWHUURPSHUHXQ
DVFLXJDWXUDGHO
PDVVHWWRGHOULVFDOGDPHQWRDSDYLPHQWR
$QGDUH VXOOD VFKHUPDWD GL DVFLXJDWXUD GHO PDVVHWWR GHO
ULVFDOGDPHQWRDSDYLPHQWR
3UHPHUH
3HULQWHUURPSHUHLOSURJUDPPDSUHPHUH
6HOH]LRQDUH2.HSUHPHUH
5LVXOWDWR ,O SURJUDPPD GL DVFLXJDWXUD GHO PDVVHWWR GHO
ULVFDOGDPHQWRDSDYLPHQWRYLHQHDUUHVWDWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
&RQVHJQDDOO
XWHQWH
6H LO SURJUDPPD VL DUUHVWD LQ VHJXLWR D XQ HUURUH D XQR
VSHJQLPHQWR
GHO
IXQ]LRQDPHQWR
R
D
XQ
LQWHUUX]LRQH
GHOO
DOLPHQWD]LRQH q SRVVLELOH OHJJHUH OR VWDWR GHOO
DVFLXJDWXUD GHO
PDVVHWWRGHOULVFDOGDPHQWRDSDYLPHQWR
$QGDUHD>$@
!,PSRVWD]LRQLLQVWDOODWRUH!0HVVDLQ
IXQ]LRQH ! $VF PDVVHWWR ULVF D SDYLPHQWR ! 6WDWR DVFLXJ !
$UUHVWDWRDVHJXLWRGDOO
XOWLPDIDVHHVHJXLWD
0RGLILFDUHHULDYYLDUHO
HVHFX]LRQHGHOSURJUDPPD
ƒ 6XUULVFDOGDWRUHGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
3UHVVLRQHDFTXD
$FFHUWDUVLFKHODSUHVVLRQHDFTXDVLDVXSHULRUHDEDU6HLQIHULRUH
DJJLXQJHUHDFTXD
)LOWURGHOO
DFTXD
3XOLUHLOILOWURGHOO
DFTXD
127$
&RQVHJQDDOO
XWHQWH
8QDYROWDWHUPLQDWDODSURYDGLIXQ]LRQDPHQWRHDSSXUDWRFKHO
XQLWj
IXQ]LRQDFRUUHWWDPHQWHDVVLFXUDUVLFKHSHUO
XWHQWHVLDQREHQFKLDULL
SXQWLVHJXHQWL
ƒ &RPSLODUH OD WDEHOOD FRQ OH LPSRVWD]LRQL GHOO
LQVWDOODWRUH VXO
PDQXDOHG
XVRFRQOHLPSRVWD]LRQLHIIHWWLYH
ƒ $VVLFXUDUVL FKH O
XWHQWH VLD LQ SRVVHVVR GHO &''9' H GHOOD
GRFXPHQWD]LRQH VWDPSDWD H FKLHGHUJOLOH GL FRQVHUYDUOL SHU
FRQVXOWD]LRQLIXWXUH
ƒ 6SLHJDUHDOO
XWHQWHFRPHIDUIXQ]LRQDUHFRUUHWWDPHQWHLOVLVWHPDH
FKHFRVDIDUHLQFDVRGLSUREOHPL
0DQHJJLDUH LO ILOWUR GHOO
DFTXD FRQ FDXWHOD 121 DSSOLFDUH
XQD IRU]D HFFHVVLYD DO PRPHQWR GL UHLQVHULUH LO ILOWUR
GHOO
DFTXDLQPRGRGD121GDQQHJJLDUHODUHWLQDGHOILOWUR
GHOO
DFTXD
1
3
2
4
5
ƒ 0RVWUDUHDOO
XWHQWHTXDOLLQWHUYHQWLGHYHIDUHSHUODPDQXWHQ]LRQH
GHOO
XQLWj
ƒ 6SLHJDUH DOO
XWHQWH L VXJJHULPHQWL SHU LO ULVSDUPLR HQHUJHWLFR
GHVFULWWLVXOPDQXDOHG
XVR
9DOYRODGLVLFXUH]]DGHOO
DFTXD
0DQXWHQ]LRQHHDVVLVWHQ]D
$SULUH OD YDOYROD H FRQWUROODUQH LO FRUUHWWR IXQ]LRQDPHQWR /
DFTXD
SRWUHEEHHVVHUHPROWRFDOGD
(FFRLSXQWLGLFRQWUROOR
127$
/D PDQXWHQ]LRQH GHYH HVVHUH HVHJXLWD SUHIHULELOPHQWH
XQDYROWDDOO
DQQRGDXQLQVWDOODWRUHRDGGHWWRDOVHUYL]LRGL
DVVLVWHQ]D
3UHFDX]LRQLJHQHUDOLGLVLFXUH]]D
3(5,&2/25,6&+,2',6&266$(/(775,&$
3(5,&2/25,6&+,2',867,21,
ƒ 'DOODYDOYRODGLVLFXUH]]DIXRULHVFHGHOO
DFTXDFRQWHQHQWHGHWULWLR
VSRUFL]LD
ƒ DSULUH OD YDOYROD ILQFKp O
DFTXD VFDULFDWD QRQ FRQWHUUj SL
VSRUFL]LD
ƒ ODYDUH FRQ JHWWL DEERQGDQWL O
LPSLDQWR H LQVWDOODUH XQ ILOWUR
GHOO
DFTXD DJJLXQWLYR SUHIHULELOPHQWH XQ ILOWUR D FLFORQH
PDJQHWLFR
3HU HVVHUH VLFXUL FKH TXHVW
DFTXD SURYHQJD HIIHWWLYDPHQWH GDO
VHUEDWRLR HVHJXLUH LO FRQWUROOR GRSR XQ FLFOR GL ULVFDOGDPHQWR GHO
VHUEDWRLR
127$5LVFKLRGLVFDULFKHHOHWWURVWDWLFKH
6LFRQVLJOLDGLHVHJXLUHTXHVWDPDQXWHQ]LRQHSLIUHTXHQWHPHQWH
3ULPD GL HVHJXLUH TXDOVLDVL LQWHUYHQWR GL PDQXWHQ]LRQH R
DVVLVWHQ]D WRFFDUH XQD SDUWH PHWDOOLFD GHOO
XQLWj SHU
HOLPLQDUHO
HOHWWULFLWjVWDWLFDHSURWHJJHUHODVFKHGD
9DOYRODGLVLFXUH]]DGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULDGD
UHSHULUHLQORFR
$SHUWXUDGHOO
XQLWjLQWHUQD
9HGHUH $SHUWXUD GHO FRSHUFKLR GHO TXDGUR HOHWWULFR GHOO
XQLWj
LQWHUQDDSDJLQD
ƒ /D SRUWDWD DFTXD SURYHQLHQWH GDOOD YDOYROD GL VLFXUH]]D
GHY
HVVHUH VXIILFLHQWHPHQWH HOHYDWD QRQ YL GHYRQR HVVHUH
RVWUX]LRQLVRVSHWWHGHOODYDOYRODRWUDOHWXED]LRQL
/LVWDGLFRQWUROORSHUODPDQXWHQ]LRQH
DQQXDOHGHOO
XQLWjLQWHUQD
&RQWUROODUHTXDQWRVHJXHDOPHQRXQDYROWDDOO
DQQR
ƒ 3UHVVLRQHDFTXD
ƒ )LOWURGHOO
DFTXD
ƒ 9DOYRODGLVLFXUH]]DGHOO
DFTXD
ƒ 9DOYRODGLVLFXUH]]DGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
ƒ 4XDGURHOHWWULFR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
$SULUH OD YDOYROD H FRQWUROODUQH LO FRUUHWWR IXQ]LRQDPHQWR /
DFTXD
SRWUHEEHHVVHUHPROWRFDOGD
(FFRLSXQWLGLFRQWUROOR
ƒ /D SRUWDWD DFTXD SURYHQLHQWH GDOOD YDOYROD GL VLFXUH]]D
GHY
HVVHUH VXIILFLHQWHPHQWH HOHYDWD QRQ YL GHYRQR HVVHUH
RVWUX]LRQLVRVSHWWHGHOODYDOYRODRWUDOHWXED]LRQL
ƒ 'DOODYDOYRODGLVLFXUH]]DIXRULHVFHGHOO
DFTXDFRQWHQHQWHGHWULWLR
VSRUFL]LD
ƒ DSULUH OD YDOYROD ILQFKp O
DFTXD VFDULFDWD QRQ FRQWHUUj SL
VSRUFL]LD
ƒ ODYDUHFRQJHWWLDEERQGDQWLHSXOLUHO
LQWHURVHUEDWRLRLQFOXVHOH
WXED]LRQLWUDODYDOYRODGLVLFXUH]]DHO
HQWUDWDGHOO
DFTXDIUHGGD
3HU HVVHUH VLFXUL FKH TXHVW
DFTXD SURYHQJD HIIHWWLYDPHQWH GDO
VHUEDWRLR HVHJXLUH LO FRQWUROOR GRSR XQ FLFOR GL ULVFDOGDPHQWR GHO
VHUEDWRLR
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
,QGLYLGXD]LRQHHULVROX]LRQHGHLSUREOHPL
6LFRQVLJOLDGLHVHJXLUHTXHVWDPDQXWHQ]LRQHSLIUHTXHQWHPHQWH
3(5,&2/25,6&+,2',867,21,
4XDGURHOHWWULFR
ƒ (VHJXLUHXQ
DSSURIRQGLWDLVSH]LRQHYLVLYDGHOTXDGURHOHWWULFRSHU
FRQWUROODUH FKH QRQ HVLVWDQR GLIHWWL HYLGHQWL DG HVHPSLR
DOOHQWDPHQWLGHLFROOHJDPHQWLRGLIHWWLGHLFROOHJDPHQWLHOHWWULFL
5LVROX]LRQHGHLSUREOHPLLQEDVHDL
VLQWRPL
ƒ 6HUYHQGRVL GL XQ RKPPHWUR FRQWUROODUH LO FRUUHWWR IXQ]LRQDPHQWR
GHL FRQWDWWRUL .0 .0 .0 H .0 D VHFRQGD GHO SURSULR
LPSLDQWR 7XWWL L FRQWDWWL GL TXHVWL FRQWDWWRUL GHYRQR HVVHUH LQ
SRVL]LRQHDSHUWDTXDQGRO
DOLPHQWD]LRQHq',6$77,9$7$
6LQWRPR/
XQLWj121ULVFDOGDQp
UDIIUHGGDFRPHSUHYLVWR
$99(57(1=$
6H LO FDEODJJLR LQWHUQR q GDQQHJJLDWR GHYH HVVHUH
VRVWLWXLWR GDO SURGXWWRUH GDOO
DGGHWWR DO VHUYL]LR GL
DVVLVWHQ]DRGDSHUVRQDOHLQSRVVHVVRGHOORVWHVVRWLSRGL
TXDOLILFD
6XUULVFDOGDWRUHGHOVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
,1)250$=,21,
6ROR SHU OH XQLWj PRQWDWH D SDUHWH GRWDWH GL XQ VHUEDWRLR
GHOO
DFTXD FDOGD VDQLWDULD FRQ VXUULVFDOGDWRUH HOHWWULFR
LQFRUSRUDWR5.+:
6L FRQVLJOLD GL ULPXRYHUH O
DFFXPXOR GL FDOFDUH VXO VXUULVFDOGDWRUH
SHUSUROXQJDUQHODGXUDWDXWLOHLQSDUWLFRODUHQHOOHUHJLRQLFRQDFTXD
GXUD 3HU HVHJXLUH TXHVWD RSHUD]LRQH GUHQDUH LO VHUEDWRLR
GHOO
DFTXD FDOGD VDQLWDULD ULPXRYHUH LO VXUULVFDOGDWRUH GDO VHUEDWRLR
GHOO
DFTXD FDOGD VDQLWDULD H LPPHUJHUOR LQ XQ UHFLSLHQWH R VLPLOH
FRQXQSURGRWWRDQWLFDOFDUHSHURUH
,QGLYLGXD]LRQHHULVROX]LRQH
GHLSUREOHPL
/LQHHJXLGDJHQHUDOL
3ULPD GL DYYLDUH OD SURFHGXUD GL LQGLYLGXD]LRQH H ULVROX]LRQH GHL
SUREOHPL HVHJXLUH XQ
DSSURIRQGLWD LVSH]LRQH YLVLYD GHOO
XQLWj SHU
FRQWUROODUHFKHQRQHVLVWDQRGLIHWWLHYLGHQWLDGHVHPSLRDOOHQWDPHQWL
GHLFROOHJDPHQWLRGLIHWWLGHLFROOHJDPHQWLHOHWWULFL
$99(57(1=$
ƒ 3ULPD GL HVHJXLUH XQ
LVSH]LRQH GHO TXDGUR HOHWWULFR
GHOO
XQLWj DFFHUWDUVL VHPSUH FKH O
XQLWj VLD VFROOHJDWD
GDOOD UHWH GL DOLPHQWD]LRQH 6SHJQHUH LO ULVSHWWLYR
LQWHUUXWWRUHGLSURWH]LRQH
ƒ ,Q FDVR G
LQWHUYHQWR GL XQ GLVSRVLWLYR GL VLFXUH]]D
DUUHVWDUHO
XQLWjHGLQGLYLGXDUHLOPRWLYRGHOO
DWWLYD]LRQH
GL WDOH GLVSRVLWLYR SULPD GL UHVHWWDUOR 121 FROOHJDUH
0$, L GLVSRVLWLYL GL VLFXUH]]D FRQ XQ SRQWH Qp
PRGLILFDUQH L YDORUL LPSRVWDQGROL VX XQ YDORUH GLYHUVR
GDOO
LPSRVWD]LRQH SUHGHILQLWD GDOOD IDEEULFD 4XDORUD
QRQ VL ULXVFLVVH D LQGLYLGXDUH OD FDXVD GHO SUREOHPD
ULYROJHUVLDOULYHQGLWRUH
&DXVHSUREDELOL
$]LRQHFRUUHWWLYD
/
LPSRVWD]LRQHGHOODWHPSHUDWXUD &RQWUROODUHO
LPSRVWD]LRQHGHOOD
121qFRUUHWWD
WHPSHUDWXUDVXOFRPDQGRD
GLVWDQ]D&RQVXOWDUHLOPDQXDOH
G
XVR
/DSRUWDWDDFTXDqWURSSREDVVD &RQWUROODUHHGDVVLFXUDUVLFKH
ƒ 7XWWH
OH
YDOYROH
GL
LQWHUFHWWD]LRQH GHO FLUFXLWR
LGUDXOLFR VLDQR FRPSOHWDPHQWH
DSHUWH
ƒ ,O ILOWUR GHOO
DFTXD VLD SXOLWR
3XOLUHVHQHFHVVDULR
ƒ 1RQ YL VLD DULD QHO VLVWHPD
6SXUJDUH O
DULD VH QHFHVVDULR
Ê SRVVLELOH VSXUJDUH O
DULD
PDQXDOPHQWH
YHGHUH
3HU HVHJXLUH XQR
VSXUJR DULD PDQXDOH D
SDJLQD RSSXUHXWLOL]]DUHOD
IXQ]LRQH GL VSXUJR DULD
DXWRPDWLFD YHGHUH 3HU
HVHJXLUH XQR VSXUJR DULD
DXWRPDWLFRDSDJLQD
ƒ /DSUHVVLRQHDFTXDVLD!EDU
ƒ ,O VHUEDWRLR GL HVSDQVLRQH
121VLDURWWR
ƒ /D UHVLVWHQ]D QHO FLUFXLWR
LGUDXOLFR 121 VLD WURSSR
HOHYDWD SHU OD SRPSD YHGHUH
&XUYD
(63
D
SDJLQD
6H LO SUREOHPD SHUVLVWH GRSR
DYHU HIIHWWXDWR WXWWL L FRQWUROOL
VXGGHWWL FRQWDWWDUH LO SURSULR
ULYHQGLWRUH ,Q FHUWL FDVL q
QRUPDOH FKH O
XQLWj GHFLGD GL
XWLOL]]DUH XQD SRUWDWD DFTXD
PRGHVWD
,OYROXPHGHOO
DFTXDQHOO
LPSLDQWR $FFHUWDUVLFKHLOYROXPH
qWURSSRPRGHVWR
GHOO
DFTXDQHOO
LPSLDQWRVLD
VXSHULRUHDOYDORUHPLQLPR
ULFKLHVWRYHGHUH&RQWUROOR
GHOYROXPHG
DFTXDD
SDJLQD
3(5,&2/25,6&+,2',6&266$(/(775,&$
$99(57(1=$
3UHYHQLUH L ULVFKL GRYXWL DOO
LQYRORQWDULR UHVHWWDJJLR GHO
GLVJLXQWRUHWHUPLFRTXHVWRDSSDUHFFKLR121GHYHHVVHUH
DOLPHQWDWR DWWUDYHUVR XQ GLVSRVLWLYR GL FRPPXWD]LRQH
HVWHUQR DG HVHPSLR XQ WLPHU Qp FROOHJDWR D XQ FLUFXLWR
UHJRODUPHQWHDWWLYDWRHGLVDWWLYDWRGDOO
LPSLDQWR
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
,QGLYLGXD]LRQHHULVROX]LRQHGHLSUREOHPL
6LQWRPR,OFRPSUHVVRUH121VLDYYLD
ULVFDOGDPHQWRDPELHQWHRULVFDOGDPHQWR
DFTXDVDQLWDULD
&DXVHSUREDELOL
/
XQLWjGHYHDYYLDUVLDOGLIXRUL
GHOVXRUDQJHGLIXQ]LRQDPHQWR
ODWHPSHUDWXUDGHOO
DFTXDq
WURSSREDVVD
$]LRQHFRUUHWWLYD
6HODWHPSHUDWXUDGHOO
DFTXDq
WURSSREDVVDO
XQLWjXVDLO
ULVFDOGDWRUHGLULVHUYDSHU
UDJJLXQJHUHLQQDQ]LWXWWROD
WHPSHUDWXUDDFTXDPLQLPD
ƒ&
&RQWUROODUHHGDVVLFXUDUVLFKH
ƒ /
DOLPHQWD]LRQH DO ULVFDOGDWRUH
GL
ULVHUYD
VLD
FDEODWD
FRUUHWWDPHQWH
ƒ /D SURWH]LRQH WHUPLFD GHO
ULVFDOGDWRUHGLULVHUYD121VLD
DWWLYDWD
&DXVHSUREDELOL
,OFDULFRSLH]RPHWULFRGHOFLUFXLWR ,OFDULFRSLH]RPHWULFRGHOFLUFXLWR
LGUDXOLFRqWURSSRHOHYDWR
LGUDXOLFRqODGLIIHUHQ]DWUD
O
DOWH]]DGHOO
XQLWjLQWHUQDH
O
DOWH]]DGHOSXQWRSLDOWRGHO
FLUFXLWRLGUDXOLFR6HO
XQLWj
LQWHUQDVLWURYDQHOSXQWRSLDOWR
GHOO
LPSLDQWRO
DOWH]]D
GHOO
LPSLDQWRqFRQVLGHUDWDP,O
FDULFRSLH]RPHWULFRPDVVLPRGHO
FLUFXLWRLGUDXOLFRqP
ƒ , FRQWDWWRUL GHO ULVFDOGDWRUH GL
ULVHUYD121VLDQRURWWL
6H LO SUREOHPD SHUVLVWH GRSR
DYHU HIIHWWXDWR WXWWL L FRQWUROOL
VXGGHWWL FRQWDWWDUH LO SURSULR
ULYHQGLWRUH
/HLPSRVWD]LRQL
GHOO
DOLPHQWD]LRQHDWDULIIDN:K
SUHIHUHQ]LDOHHLFROOHJDPHQWL
HOHWWULFL121FRUULVSRQGRQR
/
D]LHQGDHOHWWULFDKDLQYLDWRLO
VHJQDOHGLWDULIIDN:K
SUHIHUHQ]LDOH
9LGHYHHVVHUHODFRUULVSRQGHQ]D
FRQLFROOHJDPHQWLFRPHVSLHJDWR
LQ1RWHUHODWLYHDOOD
SUHSDUD]LRQHGHOFDEODJJLR
HOHWWULFRDSDJLQDH
&ROOHJDPHQWR
GHOO
DOLPHQWD]LRQHSULQFLSDOHD
SDJLQD
$WWHQGHUHLOULSULVWLQR
GHOO
DOLPHQWD]LRQHRUHPD[
6LQWRPR/DSRPSDqUXPRURVD
FDYLWD]LRQH
&DXVHSUREDELOL
$]LRQHFRUUHWWLYD
,OYROXPHGHOO
DFTXDQHOO
LPSLDQWR $FFHUWDUVLFKHLOYROXPH
qHFFHVVLYR
GHOO
DFTXDQHOO
LPSLDQWRVLD
LQIHULRUHDOYDORUHPLQLPR
DPPHVVRYHGHUH
&RQWUROORGHOYROXPH
G
DFTXDDSDJLQDH
0RGLILFDGHOODSUH
SUHVVLRQHGHOVHUEDWRLRGL
HVSDQVLRQHDSDJLQD
&RQWUROODUH
G
LQVWDOOD]LRQH
L
UHTXLVLWL
6LQWRPR/DYDOYRODGLVLFXUH]]D
GHOO
DFTXDSHUGH
3UREDELOHFDXVD
/DVSRUFL]LDEORFFDO
XVFLWDGHOOD
YDOYRODGLVLFXUH]]DGHOO
DFTXD
$]LRQHFRUUHWWLYD
&RQWUROODUHVHODYDOYRODGL
VLFXUH]]DIXQ]LRQDFRUUHWWDPHQWH
UXRWDQGRODPDQRSRODURVVDVXOOD
YDOYRODLQVHQVRDQWLRUDULR
ƒ 6H 121 VL VHQWH XQ UXPRUH
VHFFR ULYROJHUVL DO SURSULR
ULYHQGLWRUH
ƒ 1HO FDVR O
DFTXD FRQWLQXL D
IXRULXVFLUH GDOO
XQLWj FKLXGHUH
OHYDOYROHGLLQWHUFHWWD]LRQHVLD
GHOO
HQWUDWD FKH GHOO
XVFLWD
GHOO
DFTXD TXLQGL ULYROJHUVL DO
SURSULRULYHQGLWRUH
$]LRQHFRUUHWWLYD
ÊSUHVHQWHDULDQHOVLVWHPD
6SXUJDUHO
DULDPDQXDOPHQWH
YHGHUH3HUHVHJXLUHXQR
VSXUJRDULDPDQXDOHD
SDJLQDRSSXUHXWLOL]]DUHOD
IXQ]LRQHGLVSXUJRDULD
DXWRPDWLFDYHGHUH3HU
HVHJXLUHXQRVSXUJRDULD
DXWRPDWLFRDSDJLQD
/DSUHVVLRQHDFTXDDOO
LQJUHVVR
QHOODSRPSDqWURSSREDVVD
&RQWUROODUHHGDVVLFXUDUVLFKH
ƒ /DSUHVVLRQHDFTXDVLD!EDU
ƒ ,OPDQRPHWURQRQVLDURWWR
ƒ ,O VHUEDWRLR GL HVSDQVLRQH QRQ
VLDURWWR
ƒ /
LPSRVWD]LRQH GHOOD SUH
SUHVVLRQH GHO VHUEDWRLR GL
HVSDQVLRQH
VLD
FRUUHWWD
YHGHUH 0RGLILFD GHOOD
SUHSUHVVLRQH GHO VHUEDWRLR GL
HVSDQVLRQHDSDJLQD
6LQWRPR/DYDOYRODGLVLFXUH]]DVLDSUH
&DXVHSUREDELOL
$]LRQHFRUUHWWLYD
,OVHUEDWRLRGLHVSDQVLRQHqURWWR 6RVWLWXLUHLOVHUEDWRLRGL
HVSDQVLRQH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
,QGLYLGXD]LRQHHULVROX]LRQHGHLSUREOHPL
6LQWRPR/RVSD]LR121YLHQHULVFDOGDWR
DVXIILFLHQ]DLQFDVRGLEDVVHWHPSHUDWXUH
HVWHUQH
3UREDELOHFDXVD
$]LRQHFRUUHWWLYD
6LQWRPR/DSUHVVLRQHDOSXQWRGL
SUHOLHYRqLQVROLWDPHQWHDOWDSHUXQ
SHULRGRWHPSRUDQHR
3UREDELOHFDXVD
,OIXQ]LRQDPHQWRGHOULVFDOGDWRUH &RQWUROODUHHGDVVLFXUDUVLFKH
GLULVHUYDQRQqDWWLYDWR
ƒ ,O PRGR IXQ]LRQDPHQWR GHO
ULVFDOGDWRUH GL ULVHUYD VLD
DELOLWDWR$QGDUHD
9DOYRODGLVLFXUH]]DJXDVWDRG
RVWUXLWD
ƒ >$@ ! ,PSRVWD]LRQL
LQVWDOODWRUH ! )RQWL GL FDORUH
! 5LVFDOGDWRUH GL ULVHUYD !
0RGRIXQ]2
ƒ >$@
!
,PSRVWD]LRQL
LQVWDOODWRUH ! 3DQRUDPLFD
LPSRVWD]LRQL>@
ƒ /D SURWH]LRQH WHUPLFD GHO
ULVFDOGDWRUH GL ULVHUYD QRQ VLD
VWDWD DWWLYDWD 6H VL q DWWLYDWD
FRQWUROODUH
ƒ 6RVWLWXLUH
VLFXUH]]D
3UREDELOHFDXVD
ƒ 6H q SUHVHQWH DULD QHO
VLVWHPD
ƒ ,O
IXQ]LRQDPHQWR
VSXUJRDULD
GHOOR
3UHPHUH
LO
SXOVDQWH
GL
UHVHWWDJJLR VXO TXDGUR HOHWWULFR
9HGHUH &RPSRQHQWL D
SDJLQD SHU O
XELFD]LRQH GHO
SXOVDQWHGLUHVHWWDJJLR
/DWHPSHUDWXUDGLHTXLOLEULRGHO
$XPHQWDUHOD³WHPSHUDWXUDGL
ULVFDOGDWRUHGLULVHUYDQRQqVWDWD HTXLOLEULR´SHUDWWLYDUHLO
FRQILJXUDWDFRUUHWWDPHQWH
IXQ]LRQDPHQWRGHOULVFDOGDWRUHGL
ULVHUYDDGXQDWHPSHUDWXUD
HVWHUQDSLDOWD$QGDUHD
$]LRQHFRUUHWWLYD
&RQWDWWDUHLOULYHQGLWRUHGL]RQD
$]LRQHFRUUHWWLYD
3URJUDPPDUHO
DYYLRGHOOD
IXQ]LRQHGLGLVLQIH]LRQHVHVL
SUHYHGHFKHSHUOHSURVVLPH
RUHQRQYLVDUj1(6681
SUHOLHYRGLDFTXDFDOGDVDQLWDULD
6LqYHULILFDWRUHFHQWHPHQWHXQ
LQJHQWHSUHOLHYRGLDFTXDFDOGD
VDQLWDULDSULPDGHOO
DYYLR
SURJUDPPDWRGHOODIXQ]LRQHGL
GLVLQIH]LRQH
4XDQGRqVWDWRVHOH]LRQDWR
$FTXDFDOGDVDQLWDULD!0RGR
VHWS!5LVFSUHYHPDQWHQR
5SUPDQWSUVLFRQVLJOLDGL
SURJUDPPDUHO
DYYLRGHOOD
IXQ]LRQHGLGLVLQIH]LRQHDOPHQR
RUHGRSRO
XOWLPRSUHOLHYR
FRQVLVWHQWHGLDFTXDFDOGD
SUHYLVWR4XHVWRDYYLRSXz
HVVHUHLPSRVWDWRWUDPLWHOH
LPSRVWD]LRQLLQVWDOODWRUH
IXQ]LRQHGLVLQIH]LRQH
4XDQGR q VWDWR VHOH]LRQDWR
$FTXD FDOGD VDQLWDULD ! 0RGR
VHWS ! 6ROR SURJUDPP VL
FRQVLJOLD GL SURJUDPPDUH XQ
0RGRHFRQFRQVHUYRUHSULPD
GHOO
LQL]LR SURJUDPPDWR GHOOD
IXQ]LRQH GLVLQIH]LRQH SHU SUH
ULVFDOGDUHLOVHUEDWRLR
&RQWUROODUHHGDVVLFXUDUVLFKHOH
LPSRVWD]LRQLGHOOD³SULRULWjGL
ULVFDOGDPHQWRDPELHQWH´VLDQR
VWDWHFRQILJXUDWHFRUUHWWDPHQWH
ƒ $XPHQWDUH OD ³WHPSHUDWXUD GL
SULRULWj GHO ULVFDOGDPHQWR
DPELHQWH´ SHU DWWLYDUH LO
IXQ]LRQDPHQWRGHOULVFDOGDWRUH
GL ULVHUYD DG XQD WHPSHUDWXUD
HVWHUQDSLDOWD$QGDUHD>$@
! ,PSRVWD]LRQL LQVWDOODWRUH !
3DQRUDPLFD
LPSRVWD]LRQL
>@
GL
6LQWRPR/DIXQ]LRQHGLGLVLQIH]LRQHGHO
VHUEDWRLR121YLHQHFRPSOHWDWD
FRUUHWWDPHQWHHUURUH$+
&DXVHSUREDELOL
ƒ >$@
!
,PSRVWD]LRQL
LQVWDOODWRUH ! 3DQRUDPLFD
LPSRVWD]LRQL>@
ƒ 9HULILFDUH FKH VLD VWDWR
DELOLWDWR OR ³VWDWR GL SULRULWj GHO
ULVFDOGDPHQWR
DPELHQWH´
$QGDUH D >$@ ! ,PSRVWD]LRQL
LQVWDOODWRUH ! 3DQRUDPLFD
LPSRVWD]LRQL>@
YDOYROD
/DIXQ]LRQHGLGLVLQIH]LRQHq
VWDWDLQWHUURWWDGDXQSUHOLHYRGL
DFTXDFDOGDVDQLWDULD
ƒ >$@
!
,PSRVWD]LRQL
LQVWDOODWRUH ! )RQWL GL FDORUH !
5LVFDOGDWRUH GL ULVHUYD !
7HPSGLHTXLO2
8QDSDUWHHFFHVVLYDGHOOD
FDSDFLWjGHOODSRPSDGLFDORUH
YLHQHXWLOL]]DWDSHUULVFDOGDUH
O
DFTXDFDOGDVDQLWDULD
DSSOLFDELOHVRORDJOLLPSLDQWLFRQ
XQVHUEDWRLRGHOO
DFTXDFDOGD
VDQLWDULD
OD
6LQWRPR,SDQQHOOLGHFRUDWLYLVLVWDFFDQR
DFDXVDGHOULJRQILDPHQWRGHOVHUEDWRLR
9DOYRODGLVLFXUH]]DJXDVWDRG
RVWUXLWD
ƒ /DSUHVVLRQHDFTXD
$]LRQHFRUUHWWLYD
ƒ /DYDUH FRQ JHWWL DEERQGDQWL H
SXOLUH O
LQWHUR VHUEDWRLR LQFOXVH
OH WXED]LRQL WUD OD YDOYROD GL
VLFXUH]]DHO
HQWUDWDGHOO
DFTXD
IUHGGD
5LVROX]LRQHGHLSUREOHPLLQEDVHDLFRGLFL
HUURUH
4XDQGR VL YHULILFD XQ SUREOHPD VXOO
LQWHUIDFFLD XWHQWH DSSDUH XQ
FRGLFH HUURUH $O ILQH GL SUHQGHUH OH GHELWH FRQWURPLVXUH SULPD GL
UHVHWWDUH LO FRGLFH HUURUH q LPSRUWDQWH FDSLUH TXDO q LO SUREOHPD
4XHVWRGHYHHVVHUHIDWWRGDXQLQVWDOODWRUHTXDOLILFDWRRGDOSURSULR
ULYHQGLWRUHGL]RQD
4XHVWRFDSLWRORIRUQLVFHXQDSDQRUDPLFDGLWXWWLLFRGLFLHUURUHHGHO
FRQWHQXWRGLFLDVFXQFRGLFHHUURUHFRVuFRPHDSSDUHVXOO
LQWHUIDFFLD
XWHQWH
3HU DYHUH LVWUX]LRQL SL GHWWDJOLDWH SHU O
LQGLYLGXD]LRQH H OD
ULVROX]LRQH GHL SUREOHPL UHODWLYL D FLDVFXQ HUURUH YHGHUH LOPDQXDOH
GLULSDUD]LRQH
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
,QGLYLGXD]LRQHHULVROX]LRQHGHLSUREOHPL
&RGLFLGLHUURUH3DQRUDPLFD
&RGLFLGLHUURUHGHOO
XQLWjLQWHUQD
&RGLFH
HUURUH
$
GL &RGLFH
HUURUH
GHWWDJOLDWR
&RGLFH
HUURUH
+&
GL &RGLFH
HUURUH
GHWWDJOLDWR
GL 'HVFUL]LRQH
&RQWDWWDUHLOULYHQGLWRUH
3UREOULOHYLQFURFLDWR]HUR
&-
5LVFGLULVHUYDVXUULVFDOGDWR
&RQWDWWDUHLOULYHQGLWRUH
+
&RQWDWWDUHLOULYHQGLWRUH
&RQWDWWDUHLOULYHQGLWRUH
3UREOHPDDEELQDPHQWR
$$
&RQWDWWDUHLOULYHQGLWRUH
&RQWDWWDUHLOULYHQGLWRUH
3UREOHPDSRUWDWDDFTXD
+-
&RQJHODPHQWRVFDPELDWFDORUH
+-
$XPHQWRDQRUPWHPSDFTXD
XVF
+-
)
$XPHQWRDQRUPWHPSDFTXD
XVF
ULVFDOGDWRUHGLULVHUYD$&'
$
$+
8
FRUUHWWDPHQWH
&RQWDWWDUHLOULYHQGLWRUH
,1)250$=,21,
3UREOHPDDVHQVRUHWHPS
6HqVWDWRJHQHUDWRLOFRGLFHHUURUH$+HQRQVLqYHULILFDWD
DOFXQD LQWHUUX]LRQH GHOOD IXQ]LRQH GL GLVLQIH]LRQH SHU YLD
GHOOD GRPDQGD GL DFTXD FDOGD VDQLWDULD VL FRQVLJOLD GL
SURFHGHUHFRPHVHJXH
VFDPELDWRUHGLFDORUH
&RQWDWWDUHLOULYHQGLWRUH
3UREOHPDWHPSHUDWXUDDFTXD
GLULWRUQR
&RQWDWWDUHLOULYHQGLWRUH
8
3UREOHPDGLFRPXQLFD]
LQWHUIDFFLDXWHQWH
8
3UREOHPDGLFRPXQLFD]
XQLWjLQWHUQDHVWHUQD
$&
&RQJHODPHQWRVFDPELDWFDORUH
3UREOHPDDVHQVRUHWHPSHU
DFTXDLQXVFLWD
&
)XQ]LRQHGLVLQIH]VHUEDWRLR
FRPSOHWDWDQRQFRUUHWWDPHQWH
)XQ]DVFLXJDWPDVVHWWRULVF
DSDYLPHQWRQRQFRPSOHWDWD
(UURUHGLOHWWXUD((3520
6HQVRUHIOXVVRGLIHWWRVR
&RQWDWWDUHLOULYHQGLWRUH
&RQJHODPHQWRVFDPELDWFDORUH
&
3UREOHPDVHQVSUHVVDFTXD
&RQWDWWDUHLOULYHQGLWRUH
ULVFDOGDWRUHGLULVHUYD
3UHVVLRQHFLUFXLWRLGUDXOLFR
WURSSREDVVD
+
3UHVVLRQHFLUFXLWRLGUDXOLFR
WURSSRDOWD
5LVFDOGDWRUHGLULVHUYDHVWHUQR
VXUULVFDOGDWR
XQLWjLQWHUQDXQLWjHVWHUQD
+
3UREOHPDDVHQVRUHWHPS
HVWHUQD
5LFKLHVWRUHVHWWSRWHQ]D
8$
3UREOHPDDVHQVRUHWHPS
DPELHQWH
&RQWDWWDUHLOULYHQGLWRUH
3UREOHPDDVHQVRUHWHPSHU
VHUEDWRLR
5LFKLHVWRUHVHWWSRWHQ]D
$$
GL 'HVFUL]LRQH
6XUULVFDOGDWRUHVXUULVFDOGDWR
ƒ 4XDQGR q VWDWR VHOH]LRQDWR $FTXD FDOGD VDQLWDULD !
0RGRVHWS!5LVFSUHYHPDQWHQR5SUPDQWSUVL
FRQVLJOLD GL SURJUDPPDUH O
DYYLR GHOOD IXQ]LRQH GL
GLVLQIH]LRQH DOPHQR RUH GRSR O
XOWLPR SUHOLHYR
FRQVLVWHQWH GL DFTXD FDOGD SUHYLVWR 4XHVWR DYYLR SXz
HVVHUH LPSRVWDWR WUDPLWH OH LPSRVWD]LRQL LQVWDOODWRUH
IXQ]LRQHGLVLQIH]LRQH
ƒ 4XDQGR q VWDWR VHOH]LRQDWR $FTXD FDOGD VDQLWDULD !
0RGR VHWS ! 6ROR SURJUDPP VL FRQVLJOLD GL
SURJUDPPDUH XQ 0RGR HFRQ FRQVHUY RUH SULPD
GHOO
LQL]LR SURJUDPPDWR GHOOD IXQ]LRQH GLVLQIH]LRQH SHU
SUHULVFDOGDUHLOVHUEDWRLR
&RQWDWWDUHLOULYHQGLWRUH
(&
$XPHQWRDQRUPDORWHPSHU
VHUEDWRLR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
*ORVVDULR
*ORVVDULR
5LYHQGLWRUH
'LVWULEXWRUHDGGHWWRDOODYHQGLWDGHOSURGRWWR
,QVWDOODWRUHDXWRUL]]DWR
7HFQLFR DGGHVWUDWR LQ SRVVHVVR GHOOH GRYXWH TXDOLILFKH SHU
O
LQVWDOOD]LRQHGHOSURGRWWR
8WHQWH
3HUVRQDFKHSRVVLHGHLOSURGRWWRHRORIDIXQ]LRQDUH
/HJLVOD]LRQHDSSOLFDELOH
7XWWH OH GLUHWWLYH OHJJL QRUPDWLYH HR SUHVFUL]LRQL ORFDOL
QD]LRQDOLHXURSHHHLQWHUQD]LRQDOLDWWLQHQWLHDSSOLFDELOLDXQ
GHWHUPLQDWRSURGRWWRRDPELWRG
LQVWDOOD]LRQH
6RFLHWjGLDVVLVWHQ]D
6RFLHWj TXDOLILFDWD FKH SXz HVHJXLUH R FRRUGLQDUH
O
LQWHUYHQWRGLDVVLVWHQ]DULFKLHVWRVXOSURGRWWR
0DQXDOHG
LQVWDOOD]LRQH
0DQXDOHGLLVWUX]LRQLVSHFLILFRSHUXQGHWHUPLQDWRSURGRWWRR
DSSOLFD]LRQH FKH LOOXVWUD OH PRGDOLWj G
LQVWDOOD]LRQH
FRQILJXUD]LRQHHPDQXWHQ]LRQH
0DQXDOHG
XVR
0DQXDOHGLLVWUX]LRQLVSHFLILFRSHUXQGHWHUPLQDWRSURGRWWRR
DSSOLFD]LRQHFKHLOOXVWUDOHPRGDOLWjGLIXQ]LRQDPHQWR
$FFHVVRUL
(WLFKHWWH PDQXDOL VFKHGH LQIRUPDWLYH HG DSSDUHFFKLDWXUH
FKH VRQR IRUQLWL LQVLHPH DO SURGRWWR H GHYRQR HVVHUH
LQVWDOODWLVHFRQGROHLVWUX]LRQLULSRUWDWHVXOODGRFXPHQWD]LRQH
GLDFFRPSDJQDPHQWR
$SSDUHFFKLDWXUHRS]LRQDOL
$SSDUHFFKLDWXUH IDEEULFDWH R DSSURYDWH GD 5RWH[ FKH
SRVVRQR HVVHUH FRPELQDWH FRQ LO SURGRWWR LQ EDVH DOOH
LVWUX]LRQLGHOODGRFXPHQWD]LRQHGLDFFRPSDJQDPHQWR
'DUHSHULUHLQORFR
$SSDUHFFKLDWXUH QRQ IDEEULFDWH GD 5RWH[ FKH SRVVRQR
HVVHUHFRPELQDWHFRQLOSURGRWWRLQEDVHDOOHLVWUX]LRQLGHOOD
GRFXPHQWD]LRQHGLDFFRPSDJQDPHQWR
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
TERMINALI QUADRO ELETTRICO PER SERBATOIO DELL'ACQUA CALDA SANITARIA (OPZIONE)
3D078464
'LPHQVLRQLHVSD]LRSHUO
DVVLVWHQ]D8QLWjLQWHUQD
SPORTELLO DI ASSISTENZA
TERMINALI QUADRO ELETTRICO
'LPHQVLRQLHVSD]LRSHUO
DVVLVWHQ]D
ENTRATA FILO DI ALIMENTAZIONE/COMUNICAZIONE
VALVOLA DI INTERCETTAZIONE CON VALVOLA DI SCARICO/RIEMPIMENTO (1-1/4" F BSP) (ACCESSORIO INCLUSO)
'DWLWHFQLFL
FILTRO DELL'ACQUA
SCAMBIATORE DI CALORE (REFRIGERANTE/ACQUA)
MANOMETRO
SERBATOIO DI ESPANSIONE
SPURGO ARIA
VALVOLA DI SICUREZZA (PRESSIONE)
INTERFACCIA UTENTE
POMPA
COLLEGAMENTO PER ASPIRAZIONE REFRIGERANTE Ø15,9 (SVASATO)
COLLEGAMENTO PER LIQUIDO REFRIGERANTE Ø6,35 (SVASATO)
COLLEGAMENTO ENTRATA ACQUA (1-1/4" F BSP)
COLLEGAMENTO USCITA ACQUA (1-1/4" F BSP)
FORI (Ø12) PER IL FISSAGGIO A PARETE
SPAZIO RICHIESTO PER L'ASSISTENZA E LA VENTILAZIONE
'DWLWHFQLFL
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
'DWLWHFQLFL
&RPSRQHQWL
&RPSRQHQWL8QLWjLQWHUQD
d
r
q
f
u
W 5LVFDOGDWRUHGLULVHUYD
)RUQLVFH XQ ULVFDOGDPHQWR DJJLXQWLYR LQ FDVR GL EDVVH
WHPSHUDWXUHHVWHUQH)XQJHLQROWUHGDULVHUYDLQFDVRGLGLIHWWR
GHOO
XQLWjHVWHUQD
X 9DOYRODGHOO
DULD
a
t
g
&RPSRQHQWL4XDGURHOHWWULFRXQLWj
LQWHUQD
s
c
b
d
d
b
c
Q1L
A7P
a
X6M
e
TR1
q
q
q
p
o
D 4XDGURHOHWWULFR
&RQWLHQH OH SDUWL HOHWWULFKH HG HOHWWURQLFKH SULQFLSDOL GHOO
XQLWj
LQWHUQD
E ,QWHUIDFFLDXWHQWHDFFHVVRULD
F 0DQRPHWUR
&RQVHQWH OD OHWWXUD GHOOD SUHVVLRQH GHOO
DFTXD QHO FLUFXLWR
LGUDXOLFR
G 9DOYRODGLVSXUJRDULD
/
DULD UHVWDQWH QHO FLUFXLWR LGUDXOLFR YLHQH DXWRPDWLFDPHQWH
HOLPLQDWDDWWUDYHUVRODYDOYRODGLVSXUJRGHOO
DULD
H 6HUEDWRLRGLHVSDQVLRQHO
I 6HQVRUHIOXVVR
)RUQLVFHXQIHHGEDFNDOO
LQWHUIDFFLDFLUFDLOIOXVVRHIIHWWLYR6XOOD
EDVH GL TXHVWD H DOWUH LQIRUPD]LRQL O
LQWHUIDFFLD UHJROD OD
YHORFLWjGHOODSRPSD
J 6FDPELDWRUHGLFDORUH
K 3RPSDDFTXD
)DFLUFRODUHO
DFTXDQHOFLUFXLWRLGUDXOLFR
L )LOWURGHOO
DFTXD
(OLPLQD OD VSRUFL]LD GDOO
DFTXD SHU HYLWDUH O
HYHQWXDOH
GDQQHJJLDPHQWR GHOOD SRPSD VWHVVD R LO EORFFR GHOOR
VFDPELDWRUHGLFDORUH
M 9DOYRODGLVLFXUH]]D
3UHYLHQH XQD SUHVVLRQH GHOO
DFTXD HFFHVVLYD QHO FLUFXLWR
LGUDXOLFRDSUHQGRVLDEDU
N &ROOHJDPHQWRGHOJDVUHIULJHUDQWH5$
O &ROOHJDPHQWRGHOOLTXLGRUHIULJHUDQWH5$
P &ROOHJDPHQWRGHOO
LQJUHVVRDFTXD
Q 9DOYROHGLGUHQDJJLRHGLULHPSLPHQWR
R 9DOYROHGLLQWHUFHWWD]LRQHDFFHVVRULR
&RQVHQWRQR O
LVRODPHQWR GHO ODWR FLUFXLWR LGUDXOLFR GHOO
XQLWj
LQWHUQDGDOODWRFLUFXLWRLGUDXOLFRUHVLGHQ]LDOH
S &ROOHJDPHQWRGHOO
XVFLWDDFTXD
T 7HUPLVWRUL
'HWHUPLQDQR OD WHPSHUDWXUD DFTXD H UHIULJHUDQWH LQ SXQWL
GLYHUVLGHOFLUFXLWR
U )XVLELOHWHUPLFRGHOULVFDOGDWRUHGLULVHUYD
,OIXVLELOHVLEUXFLDTXDQGRODWHPSHUDWXUDGLYHQWDVXSHULRUHDOOD
WHPSHUDWXUDGHOODSURWH]LRQHWHUPLFDGHOULVFDOGDWRUHGLULVHUYD
V 3URWH]LRQHWHUPLFDGHOULVFDOGDWRUHGLULVHUYD
/DSURWH]LRQHVLDWWLYDTXDQGRODWHPSHUDWXUDGHOULVFDOGDWRUHGL
ULVHUYDGLYHQWDWURSSRDOWD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
X7M
K2M
t
e
s
X9A
h
j
i
k
l
m
n
o
n
K1M
e
e
FU1
f
A1P
r
K5M
F1B
q
K3M
F2B
h
X13A
p
X6Y
X6YA
g
i
X6YB
X5M
j
X2M
o
l
n
k
X1M
X4M
m
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
6FKHGD$3GHOODSRPSDVFKHGDLQYHUWHU
3URWH]LRQHWHUPLFD4/GHOULVFDOGDWRUHGLULVHUYD
7UDVIRUPDWRUH75
7HUPLQDOL SHU LO ULVFDOGDWRUH GL ULVHUYD ;0;0 VROR PRGHOOL
:
&RQWDWWRUL.0.0H.0GHOULVFDOGDWRUHGLULVHUYD
&RQWDWWRUHGHOVXUULVFDOGDWRUH.0
&RQQHWWRUL;<$;<%;<
,QWHUUXWWRUHGLSURWH]LRQH)%GHOULVFDOGDWRUHGLULVHUYD
,QWHUUXWWRUHGLSURWH]LRQH)%GHOVXUULVFDOGDWRUH
0RUVHWWLHUD;0DOWDWHQVLRQH
0RUVHWWLHUD;0
0RUVHWWLHUD;0DOO
XQLWjHVWHUQD
6XSSRUWLDIDVFHWWDSHUFDYL
6FKHGD FRQ ,2 GLJLWDOH $3 VROR SHU JOL LPSLDQWL FRQ NLW
VFKHGDFRQ,2GLJLWDOH
6FKHGDDULFKLHVWDSHUOLPLWD]LRQHGHOODSRWHQ]D
0RUVHWWLHUD;0EDVVDWHQVLRQH
3UHVD;$ULFHYHLOFRQQHWWRUH.0
6FKHGDSULQFLSDOH$3
3UHVD ;$ ULFHYH LO FRQQHWWRUH GHO WHUPLVWRUH 6ROR SHU
LQVWDOOD]LRQLFRQVHUEDWRLRGHOO
DFTXDFDOGDVDQLWDULD
)XVLELOH)8GHOODVFKHGD
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
'DWLWHFQLFL
6FKHPLIXQ]LRQDOL
6FKHPDIXQ]LRQDOH8QLWjLQWHUQD
a
i
b
e
g
j
R1T
R2T
R4T
R3T
m
D
E
F
G
H
I
J
K
L
M
N
O
P
57
57
57
57
h
f c
d
l
k
8QLWjHVWHUQD
8QLWjLQWHUQD
6HUEDWRLRGLHVSDQVLRQH
0DQRPHWUR
9DOYRODGLVSXUJRDULD
9DOYRODGLVLFXUH]]D
5LVFDOGDWRUHGLULVHUYD
3RPSD
6HQVRUHIOXVVR
9DOYRODGLLQWHUFHWWD]LRQHXVFLWDDFTXDFRQYDOYRODGL
VFDULFRHULHPSLPHQWRLQVWDOOD]LRQHLQORFR
9DOYRODGLLQWHUFHWWD]LRQHHQWUDWDDFTXDFRQYDOYROD
GLVFDULFRLQVWDOOD]LRQHLQORFR
)LOWUR
6FDPELDWRUHGLFDORUH
7HUPLVWRUHGHOORVFDPELDWRUHGLFDORUHXVFLWDDFTXD
7HUPLVWRUHGHOULVFDOGDWRUHGLULVHUYDXVFLWDDFTXD
7HUPLVWRUHODWROLTXLGRUHIULJHUDQWH
7HUPLVWRUHDFTXDLQHQWUDWD
5LVFDOGDPHQWR
5DIIUHGGDPHQWR
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
'DWLWHFQLFL
6FKHPDGHOOHWXED]LRQL
6FKHPDGHOOHWXED]LRQL8QLWjLQWHUQD
LATO REFRIGERANTE
LATO ACQUA
Spurgo aria
INSTALLATA IN LOCO
Sensore
flusso
Riscaldatore
di riserva
R2T
uscita
acqua
USCITAREFR.
R1T
ENTRATAREFR.
valvola di
intercettazione
con valvola di
scarico/riempimento
Scambiatore di calore
a piastre
EVAPORATORE
CONDENSATORE
Manometro
Valvola
di sicurezza
INSTALLATA IN LOCO
pompa
Filtro
entrata
acqua
R4T
R3T
ENTRATAREFR.
USCITAREFR.
valvola di
intercettazione
con valvola di
scarico/riempimento
Serbatoio di
espansione
LEGENDA:
VALVOLA DI NON
RITORNO
COLL. A VITE
COLL. SVASATO
CONNETTORE
A SGANCIAMENTO
RAPIDO
TUBO CON INNESTO
A ROTAZIONE
COLL. A FLANGIA
TUBO PIZZICATO
COLL. BRASATO
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
R4T
R3T
R2T
R1T
Termistore acqua in entrata
Termistore lato liquido refrigerante
Termistore del riscaldatore di riserva uscita acqua
Termistore dello scambiatore di calore uscita acqua
TERMISTORE
DESCRIZIONE
3D078212
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
'DWLWHFQLFL
6FKHPDHOHWWULFR
6FKHPDHOHWWULFR±FRPSRQHQWL8QLWjLQWHUQD
9HGHUH OR VFKHPD HOHWWULFR LQWHUQR IRUQLWR FRQ O
XQLWj DOO
LQWHUQR GHO FRSHUFKLR GHO TXDGUR HOHWWULFR GHOO
XQLWj LQWHUQD 'L VHJXLWR q ULSRUWDWD OD
OHJHQGDGHOOHDEEUHYLD]LRQLXVDWH
NOTE da leggere prima di avviare l'unità
X6M, X7M
: Terminale principale
: Terminale del collegamento elettrico
in loco per la CA
: Terminale del collegamento elettrico X4M
in loco per la CC
: Collegamento a terra
X1M
X2M
X5M
15
**/12,2
1
LEGENDA
: terminale del riscaldatore di
riserva
: terminale del surriscaldatore
Per la traduzione, consultare il manuale di installazione.
: Filo numero 15
: Da reperire in loco
N. parte
Descrizione
: Il collegamento ** continua a pagina 12 colonna 2
A1P
scheda principale
M2P
#
A2P
scheda interfaccia utente
M2S
M3S
# Valvola a 2 vie per il modo raffreddamento
(*) Valvola a 3 vie per riscaldamento
a pavimento/acqua calda sanitaria
: Numerose possibilità di collegamenti elettrici
: Opzione
: Non montato nel quadro
elettrico
: Scheda
: Collegamento elettrico in base
al modello
A3P
*
A3P
*
A3P
*
A4P
A4P
*
*
3V3 (1N~, 230 V, 3 kW)
6V3 (1N~, 230 V, 6 kW)
POSIZIONE NEL QUADRO
ELETTRICO
6WN (3N~, 400 V, 6 kW)
9WN (3N~, 400 V, 9 kW)
Q1L
6T1 (3~, 230 V, 6 kW)
Opzioni installate
dall'utente:
A7P
TR1
X6M
X7M
K1M
K5M
Scheda con I/O digitale
Tman originale:
Termostato Attivato/DISATTIVATO
(cablato)
Termostato Attivato/DISATTIVATO
(wireless)
Termistore esterno
sensore flusso
R2T
relè stazione pompa solare
R2T
DS1 (A8P)
*
microinterruttore
R3T
E1H
elemento del riscaldatore di riserva (1 kW)
R4T
E2H
elemento del riscaldatore di riserva (2 kW)
R5T
(*) termistore acqua calda sanitaria
elemento del riscaldatore di riserva (3 kW)
E4H
FU1
F1U, F2U
PHC1
*
A4P
X1M
*
*
*
K1M, K2M
X4M
*
interfaccia utente del sensore ambiente
termostato Attivato/DISATTIVATO del
sensore ambiente
termistore del riscaldatore di riserva di uscita
*
sensore esterno (pavimento o ambiente)
termistore lato liquido refrigerante
termistore ingresso acqua
R6T
*
termistore esterno per ambiente interno
o esterno
riscaldatore di riserva a fusibile per sovracorrente
R1H (A3P)
S1S
*
#
sensore di umidità
surriscaldatore a fusibile per sovracorrente
riscaldatore di riserva a fusibile termico
S2S
#
input 1 impulso contatore dell'energia elettrica
fusibile 5 A 250 V per scheda con I/O digitale
S3S
#
input 2 impulso contatore dell'energia elettrica
fusibile T 6,3 A 250 V per scheda
S6S-S9S
#
input digitali di limitazione della corrente
circuito di ingresso dell'accoppiatore ottico
SS1 (A4P)
*
riscaldatore di riserva a contattore
T1R (A7P)
ponte raddrizzatore (solo per *16*)
surriscaldatore (3 kW)
Contatto alimentazione per tariffa kWh preferenziale
interruttore selettore
surriscaldatore a contattore
TR1
trasformatore dell'alimentazione
K5M
contattore di sicurezza per Risc Ris (solo *9W)
X*M
morsettiera a striscia
K*R
relè sulla scheda
X*Y
connettore
M1P
pompa di alimentazione principale
K3M
A8P
termistore dello scambiatore di calore uscita acqua
*
F1B F2B
X2M
Pompa solare e stazione di controllo
surriscaldatore con protezione termica
BSK
B1L
F1T
X5M
*
R1T
R1T (A3P)
K3M
X6Y
Termistore esterno per unità esterna
Q2L
scheda a richiesta
F2B
A1P
interruttore di dispersione a terra
riscaldatore di riserva con protezione termica
*
A8P
F1B
Termistore esterno per unità interna
Scheda a richiesta
K2M
Q1DI, Q2DI #
Q1L
R1T (A2P)
E3H
Riscaldatore piastra fondo
Serbatoio dell'acqua calda sanitaria
Serbatoio dell'acqua calda sanitaria
con collegamento solare
Interfaccia utente remota
scheda con I/O digitale
scheda ricevitore (termostato
Attivato/DISATTIVATO wireless)
scheda di comando pompa (solo per *16*)
A7P
Configurazione
del riscaldatore
di riserva (solo
per *9W)
scheda stazione pompa solare
Termostato Attivato/DISATTIVATO
(PC=circuito di alimentazione)
convettore con pompa di calore
pompa dell'acqua calda sanitaria
*
Convettore con pompa di calore
Tman aggiuntiva:
Termostato Attivato/DISATTIVATO
(cablato)
Termostato Attivato/DISATTIVATO
(wireless)
Termistore esterno
Convettore con pompa di calore
*: opzionale
(*): standard per *HV*, opzionale per *HB*
#: da reperire in loco
4D077028 pagina 1
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
'DWLWHFQLFL
solo per *KHWE*Z2
7
solo per *KHWS*Z2
7
serbatoio dell'acqua calda sanitaria
E4H
2
3
1
4
2
1
X6M
2
3
ROSSO
4
2
MARRONE
5
6
7
NERO
8
X7M
GRIGIO
1
X6M
2
ROSSO
3 4
5
6
7
2
3
1
4
1
X7M X6M
2
2
4
2
Q2L
1
2
ROSSO
3
E4H
X9M 1
1
2
5
MARRONE
6
7
8
X6M 1
2
X4M 1
2
1
K3M
2
NERO
8
serbatoio dell'acqua calda sanitaria
Q2L
GRIGIO
MARRONE
7
E4H
X6M 1
2
GRIGIO
solo per *KHWS*V3
serbatoio dell'acqua calda sanitaria
Q2L
X9M 1
NERO
7
E4H
Q2L
2
solo per *KHWE*V3
serbatoio dell'acqua calda sanitaria
NERO
X7M X6M
ROSSO
GRIGIO
1
2
3
4
5
6
7
3
2
4
1
MARRONE
8
X7M
3
F2B
I
I
2
4
Q1DI
E1H
E1H
E1H
E2H
E2H
F1T
F1T F1T
F1T
E1H
E2H
E1H
E1H
E2H
E2H
E2H
E1H
E1H
E1H
E2H
E2H
F1T F1T
F1T
E2H
E1H
E1H
E1H
E2H
E2H
11
E2H
1N~, 50 Hz
230 V CA
F1T
F1T
F1T
F1T
F1T F1T
F1T
F1T
F1T
F1T
F1T
F1T
F1T
F1T
L
N
solo per *KHW*V3
F1T
F1T
F1T
11
K1M
K5M
1
3
5
1
3
5
2
4
6
2
4
6
1
3
5
13
2
4
6
14
1
3
5
K2M
K1M
K5M
1
3
5
1
3
5
2
4
6
2
4
6
1
3
5
13
2
4
6
14
7
1
3
5
K2M
K1M
K5M
1
3
5
1
3
5
2
4
6
2
4
6
1
3
5
13
2
4
6
14
7
1
3
5
K2M
K1M
K5M
1
3
5
1
3
5
2
4
6
2
4
6
1
3
5
13
2
4
6
14
7
1
3
5
2~, 50 Hz
400 V CA
K2M
L1
L2
solo per *KHW*Z2
E3H
F1T
K1M
1
3
2
4
7
12
22
11
1
21
3
Q1L
I
I
I
2
F1B
I
4
6
I
8
I
I
2
4
F1B
I
6
I
I
8
2
I
4
F1B
I
6
I
I
2
8
I
F1B
I
4
6
8
F2B
I
Q1DI
Q1DI
Q1DI
I
2
Q1DI
4
Q1DI
1N~, 50 Hz L
230 V CA
N
1N~, 50 Hz L
230 V CA
per 3V3 (1N~, 230 V, 3 kW)
N
3N~, 50 Hz
400 V CA
per 6V3 (1N~, 230 V, 6 kW)
L1
L2
L3
N
3~, 50 Hz
230 V CA
L1
per 6WN (3N~, 400 V, 6 kW) e 9WN (3N~, 400 V, 9 kW)
L2
L3
1N~, 50 Hz
230 V CA L
per 6T1 (3~, 230 V, 6 kW)
N
solo per *3V
solo per *9W
4D077028 pagina 2
Scheda con I/O digitale
A1P
A4P
SS1
CN1:1
ATTIVATA
DISATTIVATA
3
X6A:1
2
5
6
-t°
R3T
KFR
X7A:1
2
X40A:1
KHR
X1 X2
X3 X4
YC
KHUR
Y1
PHC1
Y2
Y3
2
3
4
Y4
21
28
29
A3P
1
Fonte di calore est.
Carico massimo 0,3 A - 250 V CA
Carico min. 20 mA - 5 V CC
2
Contatto
dell'alimentazione a
tariffa kWh preferenziale:
Rilevamento a 16 V CC
(tensione alimentata
mediante scheda)
BSK
L N
Collegamento pompa solare
Per *KSOLHWAV1, vedere il
manuale d'uso
S3S
X2M.14
solo per opzione
acqua calda sanitaria
R5T
10
-t°
solo per modello
con montaggio
a pavimento
S2S
13a
-t°
X9A:1
2
3 4 7 8 9 10 X5M
S1S
X2M
X2M.13
Quadro
elettrico
10
-t°
R4T
7
8
Uscita allarme
Carico max.
0,3 A - 250 V CA
Carico min.
20 mA - 5 V CC
R5T
-t°
X8A:1
2
5
6
X2M.9
-t°
R2T
X85A:1 2 3 4
X18A:1 2
X22A:1
5 6
X4A:1
2
3
4
2
B1L
KCR
X5A:1
2
2
3
4
3
4
5
6
F1U
F2U
R1T
X33A:1
CN2:1
2
Input contatore a impulsi
energia elettrica:
rilevamento impulsi da
5 V CC (tensione fornita
mediante scheda)
solo per stazione pompa solare
Opzioni: uscita caldaia, collegamento pompa solare, uscita allarme
Quadro
elettrico
1 2 X5M
5 6 X5M
Quadro elettrico
A8P
A4P.Y2
4
X80A:1 2 3 4 5 6 7 8 9 10 11 12
P1 P2
4
R1T
-t°
al riscaldatore
piastra fondo
1 2 X1Y
UNITÀ
ESTERNA
solo per EKBPHT*
Risc/raff amb.
Uscita Attivato/DISATTIVATO
Carico massimo 0,3 A - 250 V CA
Carico min. 20 mA - 5 V CC
solo se non è EKBPHT*
Interfaccia
utente remota
P1 P2
R1T
-t°
Interfaccia
utente
ATTIVATA
DISATTIVATA
1
2
DS1
1234
1 2 3 4 5 X801M
R6T
-t°
opzione sensore
ambiente est.
(unità interna
o esterna)
Scheda a richiesta
S6S
S7S
S8S
S9S
A4P.YC
21
28
29
A4P.Y2
X2M.9
X2M.29
X2M
X2M.14
A2P
A2P
Input digitali per
limitazione potenza:
rilevamento a 12 V CC /
12 mA
(tensione alimentata
mediante scheda)
Solo per opzione scheda a richiesta
Opzioni: riscaldatore piastra fondo O uscita Attivato/DISATTIVATO
Solo per opzione scheda con I/O digitale
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
4D077028 pagina 3
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
'DWLWHFQLFL
Solo per alimentazione a tariffa kWh preferenziale (esterna)
Usare l'alimentazione a tariffa kWh normale per l'unità
50 Hz
interna
L N 1N~,
230 V CA
UNITÀ
Alimentazione
ESTERNA
a tariffa kWh
Q2DI
normale
1 2 3
X6YA
Solo per alimentazione normale (standard)
Unità interna alimentata dall'esterno
30 31
X1M
X2M
1 2 3
X6YB
1 2 3 X1M
31
11
32
12
A1
X1M
1 2 3 X1M
29 21
X6YA
X6Y
1
X2M
X2M.28
X2M.14
X6YB
X6Y
4/22/32
A2
X2M
30 31
Q2L
K5M
TR1
serbatoio
dell'acqua
calda
sanitaria
3/21/31
Q1L
UNITÀ
ESTERNA
1
solo per
opzione
serbatoio
smaltato
X9M 14 13
solo per
opzione acqua
calda sanitaria
solo per *9W
C COM H
R1T
L N
X2M.4
X2M.3
32
33
HC
L N
PC
PC
R1T
R2T
-t°
-t°
solo per
sensore est.
(pavimento
o ambiente)
FU2
X2A:1 3 5
X1M
R1H
%H20
R2T
X2M.3
solo per
sensore est.
(pavimento
o ambiente)
X11M 3 4 5 6
X2M 8
8a
9
10
Quadro elettrico
X12A:3 1
X13A:3 1
X2M
A1
A1
A1
A2
A2
A2
N
M2S
A3P
X3A:1 2 3 4
NC
M3S
tipo a 3 fili
(SPDT)
solo per modello con
montaggio a pavimento
X2M.9
X2M.8
8
X2M.10
X2M.7
X2M.5
Zona Tman aggiuntiva
M1P
M2S
Valvola NC
Valvola di intercettazione
L
M3S
tipo a 3 fili
(SPST)
solo per opzione
acqua calda
sanitaria
solo per opzione
serbatoio acqua
calda sanitaria
8
A7P
M2P
M
1~
Uscita pompa ACS
Carico max.:
2 A (prelievo breve e
abbondante) - 230 V CA
1 A (continuo)
MS
3~
9
solo per *16*
N
3
K2M
T1R
8
Convettore con pompa di calore
Zona Tman principale
Quadro 34 35
elettrico
3 5
X2A:4 3 2 1X1A:1
K1M
3 Valvola NA
A3P
K3R
K3M
X11M 3 4 5 6
Convettore con pompa di calore
K2R
X11A:3 1
X15A:1 3
X2M.28
X2M 5 6 7
X2M.4
X2M.1a
X2M.33
X2M.32
X2M.4
X2M.1
X2M.33
X2M.32
6
1
K1R
X2M.4
-t°
solo per termostato
Attivato/DISATTIVA
TO wireless
K6R
X25A:1 2 3 4 5 6 X16A:5 3
X20A:1 3 5
NO
5
E
Pompa ACS
PE
solo per termostato
Attivato/DISATTIVATO
wireless
KPR
MASSAX25A.1
PWM X25A.2
X16A.5
L
X16A.3
N
-t°
X1M
R1H
%H20
K4R
3
A3P
A3P
R1T
X2M.13a
X14A:1
A4P
COM
14
13
3
3
5
7
3
4
X2M.8
X2M.7
HC
X2M.2a
A4P
COM
X2M.1a
solo per termostato Attivato/DISATTIVATO cablato
6
X2M.4
X2M.3
X2M.2
5
X2M.1
solo per termostato Attivato/DISATTIVATO cablato
X2M.21
X21A:1
X24A:1
1a
2a
-t°
3
X3A:1
WHT
-t°
X26A:1 2 X31A:1 3
X19A:1 3 5
BLU
MARRONE
ROSSO
NERO
R1T
1
FU1
3
5
7
X2M
1
2
KVR
X2M.4
A3P
KCR
C COM H
X1A:3
X17A:1
X2M.1a
A3P
X2M.2a
6
X2M.1
X2M.4
X2M.2
A1P
5
MS
M1P
3~
9
solo per *04* e *08*
4D077028 pagina 4
$3
6FKHGDSULQFLSDOH
.5
5HOqVXOODVFKHGD
$3
6FKHGDLQWHUIDFFLDXWHQWH
03
3RPSDGLDOLPHQWD]LRQHSULQFLSDOH
$3
6FKHGDVWD]LRQHSRPSDVRODUH
03
3RPSDGHOO
DFTXDFDOGDVDQLWDULD
$3
7HUPRVWDWR$WWLYDWR',6$77,9$72
3& FLUFXLWRGLDOLPHQWD]LRQH
06
9DOYRODDYLHSHULOPRGRUDIIUHGGDPHQWR
06
9DOYRODDYLHSHUULVFDOGDPHQWRD
SDYLPHQWRDFTXDFDOGDVDQLWDULD
$3
&RQYHWWRUHFRQSRPSDGLFDORUH
$3
6FKHGDFRQ,2GLJLWDOH
4',4',
,QWHUUXWWRUHGLGLVSHUVLRQHDWHUUD
$3
6FKHGDULFHYLWRUHWHUPRVWDWR$77,9$72
',6$77,9$72ZLUHOHVV
4/
5LVFDOGDWRUHGLULVHUYDFRQSURWH]LRQH
WHUPLFD
$3
6FKHGDGLFRPDQGRSRPSDVRORSHU5+%+
;H5+9+;
4/
6XUULVFDOGDWRUHFRQSURWH]LRQHWHUPLFD
57
7HUPLVWRUHGHOORVFDPELDWRUHGLFDORUHXVFLWD
DFTXD
$3
6FKHGDDULFKLHVWD
%/
6HQVRUHIOXVVR
57$3
,QWHUIDFFLDXWHQWHGHOVHQVRUHDPELHQWH
%6.
5HOqVWD]LRQHSRPSDVRODUH
57$3
'6$3
0LFURLQWHUUXWWRUH
7HUPRVWDWR$77,9$72',6$77,9$72GHO
VHQVRUHDPELHQWH
(+
(OHPHQWRGHOULVFDOGDWRUHGLULVHUYDN:
57
(+
(OHPHQWRGHOULVFDOGDWRUHGLULVHUYDN:
7HUPLVWRUHGHOULVFDOGDWRUHGLULVHUYDGL
XVFLWD
(+
(OHPHQWRGHOULVFDOGDWRUHGLULVHUYDN:
57
6HQVRUHHVWHUQRSDYLPHQWRRDPELHQWH
(+
6XUULVFDOGDWRUHN:
57
7HUPLVWRUHODWROLTXLGRUHIULJHUDQWH
)%
5LVFDOGDWRUHGLULVHUYDDIXVLELOHSHU
VRYUDFRUUHQWH
57
7HUPLVWRUHDFTXDLQHQWUDWD
57
7HUPLVWRUHDFTXDFDOGDVDQLWDULD
)%
6XUULVFDOGDWRUHDIXVLELOHSHUVRYUDFRUUHQWH
57
)7
5LVFDOGDWRUHGLULVHUYDDIXVLELOHWHUPLFR
7HUPLVWRUHHVWHUQRSHUDPELHQWHLQWHUQRR
HVWHUQR
)8)8
)XVLELOH$9SHUVFKHGDFRQ,2
GLJLWDOH
5+$3
6HQVRUHGLXPLGLWj
66
)8
)XVLELOH7$9SHUVFKHGD
&RQWDWWRGHOO
DOLPHQWD]LRQHDWDULIIDN:K
SUHIHUHQ]LDOH
3+&
&LUFXLWRGLLQJUHVVRGHOO
DFFRSSLDWRUHRWWLFR
66
,QSXWLPSXOVRFRQWDWRUHGHOO
HQHUJLD
HOHWWULFD
.0.0
5LVFDOGDWRUHGLULVHUYDDFRQWDWWRUH
66
.0
6XUULVFDOGDWRUHDFRQWDWWRUH
,QSXWLPSXOVRFRQWDWRUHGHOO
HQHUJLD
HOHWWULFD
.0
5LVFDOGDWRUHGLULVHUYDDFRQWDWWRUHGL
VLFXUH]]DVRORSHU:
66a66
,QSXWGLJLWDOLGLOLPLWD]LRQHGHOODFRUUHQWH
66$3
,QWHUUXWWRUHVHOHWWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
'DWLWHFQLFL
75$3
3RQWHUDGGUL]]DWRUHVRORSHU5+%+;
H5+9+;
75
7UDVIRUPDWRUHGHOO
DOLPHQWD]LRQH
;0
0RUVHWWLHUDDVWULVFLD
&RQQHWWRUH
;<
2S]LRQDOH
6WDQGDUGSHU5+9+;RS]LRQDOHSHU
5+%+;
'DUHSHULUHLQORFR
%/.
1HUR
%51
0DUURQH
*5<
*ULJLR
5('
5RVVR
1RWHGDOHJJHUHSULPDGLDYYLDUHO
XQLWj
,QJOHVH
7UDGX]LRQH
;0
7HUPLQDOHSULQFLSDOH
;0
7HUPLQDOHGHOFROOHJDPHQWR
HOHWWULFRLQORFRSHUOD&$
;0
7HUPLQDOHGHOFROOHJDPHQWR
HOHWWULFRLQORFRSHUOD&&
;0;0
7HUPLQDOHGHOULVFDOGDWRUHGL
ULVHUYD
;0
7HUPLQDOHGHOVXUULVFDOGDWRUH
&ROOHJDPHQWRDWHUUD
15
)LORQXPHUR
'DUHSHULUHLQORFR
**/12.2
1
,OFROOHJDPHQWRFRQWLQXDD
SDJLQDFRORQQD
1XPHURVHSRVVLELOLWjGL
FROOHJDPHQWLHOHWWULFL
2S]LRQH
1RQPRQWDWRQHOTXDGURHOHWWULFR
&ROOHJDPHQWRHOHWWULFRLQEDVHDO
PRGHOOR
6FKHGD
%DFNXSKHDWHUFRQILJXUDWLRQ
RQO\IRU:
&RQILJXUD]LRQHGHOULVFDOGDWRUHGL
ULVHUYDVRORSHU:
8VHULQVWDOOHGRSWLRQV
2S]LRQLLQVWDOODWHGDOO
XWHQWH
%RWWRPSODWHKHDWHU
5LVFDOGDWRUHSLDVWUDIRQGR
'RPHVWLFKRWZDWHUWDQN
6HUEDWRLRGHOO
DFTXDFDOGD
VDQLWDULD
'RPHVWLFKRWZDWHUWDQNZLWK
VRODUFRQQHFWLRQ
6HUEDWRLRGHOO
DFTXDFDOGD
VDQLWDULDFRQFROOHJDPHQWR
VRODUH
5HPRWHXVHULQWHUIDFH
,QWHUIDFFLDXWHQWHUHPRWD
([WLQGRRUWKHUPLVWRU
7HUPLVWRUHLQWHUQRFRQSUROXQJD
([WRXWGRRUWKHUPLVWRU
7HUPLVWRUHHVWHUQRFRQSUROXQJD
'LJLWDO,23&%
6FKHGDFRQ,2GLJLWDOH
'HPDQG3&%
6FKHGDDULFKLHVWD
6RODUSXPSDQGFRQWUROVWDWLRQ
3RPSDVRODUHHVWD]LRQHGL
FRQWUROOR
0DLQ/:7
7HPSHUDWXUDPDQXDOHRULJLQDOH
2Q2))WKHUPRVWDWZLUHG
7HUPRVWDWR$WWLYDWR
',6$77,9$72FDEODWR
2Q2))WKHUPRVWDWZLUHOHVV
7HUPRVWDWR$WWLYDWR
',6$77,9$72ZLUHOHVV
([WWKHUPLVWRU
7HUPLVWRUHFRQSUROXQJD
+HDWSXPSFRQYHFWRU
&RQYHWWRUHFRQSRPSDGLFDORUH
$GG/:7
7HPSHUDWXUDPDQXDOHDJJLXQWLYD
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
'DWLWHFQLFL
5DQJHGLIXQ]LRQDPHQWR
1HFHVVLWjGLXQDEDFLQHOODGLGUHQDJJLR
Limite temperatura acqua in entrata per prevenire la condensa
Umidità relativa 40%
Umidità relativa 60%
Temperatura dell'acqua in entrata [°C]
Temperatura dell'acqua in entrata [°C]
Umidità relativa 80%
Esempio:
Con una temperatura ambiente di 25°C
e un'umidità relativa del 40%.
Se la temperatura dell'acqua in entrata
è inferiore a 12°C, si verificherà la formazione di condensa sulle tubazioni dell'acqua.
Temperatura a bulbo secco [°C]
1. Per ulteriori informazioni, vedere la tabella psicometrica.
2. Se si prevede la formazione di condensa, prendere in considerazione l'installazione del kit
bacinella di drenaggio EKHBDPCA2.
4D078990
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
'DWLWHFQLFL
&XUYD(63
&XUYD(638QLWjLQWHUQD
(+%+; 5+%+;
160
portata min. per risc. ris. 3V
140
portata min. per risc. ris. 9W
120
ESP (kPa)
100
80
60
40
20
0
0
5
10
15
20
25
30
35
40
45
50
55
Portata (l/min)
ESP
: Pressione statica esterna
Portata : Portata d'acqua attraverso l'unità
Note
1) La selezione di una portata al di fuori dell'area di funzionamento può causare danni o difetti
all'unità. Vedere anche il range di portate ammesse minime e massime nelle specifiche
tecniche.
2) La qualità dell'acqua deve essere conforme alla direttiva EN EC 98/83 EC
*XLGDGLULIHULPHQWRSHUO
LQVWDOODWRUH
4D078466_B
55/4&$5+%+;&$
%Lತ%ORFDEDVVDWHPSHUDWXUD5RWH[+368
3±
!
;$
( 5F
E
""
!& $
&
)1"
!:.11*
&
%
-.)
1=
8/8
/8
/8
,&4
-.)
1=
8/8
/8
33
:&%
B> 555
! "
#$%&"
'"(
)*
+
,
-..
/.0
1.0
1.)
2333
,&4
-..
/.0
1.)
2332
555&$$
&%&
&%FF&
&
!
#2')''
+)*,
6&
7%&"
1
:
=3328
(&
&
7%&
7
:
&%
%
-*2
3=
0)1)2)
:
,&4
-*2
3=
0)1)2===
:&%
B>4&%&
5554&%&
-*,*+.//$..0011
JJ
,&
&
#
)"
&
,:1/=/3
( BB
J%
-**
@3A*
/2
=)
8.
83
K
,&4
-**
@3A*
/2
=)
8.
8.
:&%
B>4B
K
5554B
$!%$
& %
65
#%L
!5
)3
#:2/23
&E
,
-*=@2
*/.A
2)
81
,&4
-*=@2
*/.A
38
81
JJ
#%M
&
:&%
B>&%&
5554: &
C
C&G&
%
&%F&
'#'('
7"
&
=
;
&
7&&
C:3/82/:(&
&
(&
,
-*.
@2*A
/
22=
31)
,&4
-*.
@2*A
/
22=
31*
:&%
B>4&
5554&
&%F& )*"''
;&%
& :
;
:
&&
.=)1
=.).:3=*
&
,
-*0)
=..
/)1
133
,&4
-*0)
=..
/)1
1)/
:&%
&%> %&
555 %&
;%
&&
&%
C
:
H&"
7
&%&
,%&&
)12"
#"
&I
/
:
3)..02
#
%
-.3
<
=)
<
*38
28
33
&%
BB>&$
))<=3)=
))<=3)=
))<=3)=
))<=3)=
))<=3)=
&%
C
!&%!
%
D
&
=)"
C&
,)=<.3="
:=*.0
#
&
%
-.*
==*1
*=0
08
,&4
-.*
==*1
*=0
08:233
5554: &
N
E &%
C
&
&%
&
4
(&%E
E&
B (
JE
O
B&
M
6
5IF
E ;$
D
E
C
#
,
#C
C(
E&
%
B&
J&
))<=3)=
;
(
E&
B&PQ
J&
))<=3)=
))<=3)=
%
%&
B&%
FE&
&5&?
)3
:8.*1*
9%
,
-.2@8)*0A)3*:3
,&4
-.2@8)*0A)3*:=33
: & % B > 4 5 5 5 4 3
Was this manual useful for you? yes no
Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Download PDF

advertising