5852&,Ą*,1U
:VWĊS
$NWXDOQ\ VWDQ ZLHG]\ WHFKQLF]QHM L HNRQRPLF]QHM
XPRĪOLZLD Z\NRQDQLH ZLHORDVSHNWRZHM DQDOL]\ LQZHVW\
FML SROHJDMąFHM QD EXGRZLH JD]RFLąJX SU]HV\áRZHJR
.RPSOHPHQWDUQH SRGHMĞFLH GR WHJR ]DJDGQLHQLD PXVL
XZ]JOĊGQLDü SR]LRP EH]SLHF]HĔVWZD VIHUĊ HNRQRPLF]
QąRUD]ZSá\ZQDĞURGRZLVNRQDWXUDOQH3DUDPHWU\WH
PRĪQDRJyOQLHSRG]LHOLüQDSLHUZRWQHZDUWRĞFLNWyU\FK
]RVWDá\ZVSRVyEĞZLDGRP\XVWDORQHSU]H]XVWDZRGDZ
FĊLOXESURMHNWDQWDQDZWyUQHRSLVXMąFHHIHNW\UHDOL]D
FMLLQZHVW\FMLĝZLDGRPRĞüLVWQLHQLD]DOHĪQRĞFLZ\VWĊSX
MąF\FKSRPLĊG]\SDUDPHWUDPL]PXV]DGRZ\NRU]\VWDQLD
Z DQDOL]LH LQZHVW\FML EXGRZ\ JD]RFLąJX SU]HV\áRZHJR
]áRĪRQHJR PRGHOX XZ]JOĊGQLDMąFHJR ZLHORZ\PLDURZą
IXQNFMĊ &]\ REOLJDWRU\MQH VWRVRZDQLH ZVSyáF]\QQLND
SURMHNWRZHJRGODJD]RFLąJyZXNáDGDQ\FKZNODVLH
ORNDOL]DFML
LQLHXZ]JOĊGQLHQLHZ50*5R]SRU]ąG]HQLX
0LQLVWUD*RVSRGDUNLZVSUDZLHZDUXQNyZWHFKQLF]Q\FK
MDNLP SRZLQQ\ RGSRZLDGDü VLHFL JD]RZH '] 8 QU
SR] SU]\SDXW ZSá\ZX SU]HSURZDG]HQLD VSH
FMDOQHMSUyE\Z\WU]\PDáRĞFLJD]RFLąJXQDSR]LRPMHJR
EH]SLHF]HĔVWZD Z SHáQL SRWZLHUG]D WĊ ĞZLDGRPRĞü"
'DQHOLWHUDWXURZHSRWZLHUG]DMąĪHZ3ROVFHVWDZLDQHVą
]QDF]ąFRZ\ĪV]HZ\PDJDQLDFRGRZ\WU]\PDáRĞFLJD
]RFLąJyZSU]HV\áRZ\FKZSRUyZQDQLX]LQQ\PLNUDMDPL
HXURSHMVNLPLL86$
:VSyáF]\QQLNSURMHNWRZ\JD]RFLąJyZSU]HV\áRZ\FK
Z3ROVFH
=D MHGHQ ] LVWRWQ\FK SDUDPHWUyZ SLHUZRWQ\FK
RFKDUDNWHU]HWHFKQLF]Q\PPDMąF\PLVWRWQH]QDF]HQLH
GOD REV]DUyZ EH]SLHF]HĔVWZD L HNRQRPLL D SRĞUHGQLR
UyZQLHĪGODRFKURQ\ĞURGRZLVNDX]QDMHVLĊZVSyáF]\Q
QLNSURMHNWRZ\
:VSyáF]\QQLN SURMHNWRZ\ SRZV]HFKQLH Z OLWHUDWX
U]HLSU]HSLVDFK]DUyZQRNUDMRZ\FKMDN
L]DJUDQLF]Q\FK
GH¿QLRZDQ\MHVWMDNRZDUWRĞüLORUD]XQDSUĊĪHĔREZRGR
Z\FK Z\ZRáDQ\FK Z\áąF]QLH G]LDáDQLHP FLĞQLHQLD ZH
ZQĊWU]QHJRZJD]RFLąJXLPLQLPDOQHMJUDQLF\SODVW\F]
QRĞFLVWDOL]NWyUHMZ\NRQDQ\MHVWJD]RFLąJ
35=(*/Ą':$572ĝ&,:63Ïà&=<11,.$352-(.72:(*2
67262:$1(*2:5(*8/$&-$&+35$:1<&+8(
2'126=Ą&<&+6,ĉ'2*$=2&,Ą*Ï:35=(6<à2:<&+
=8:=*/ĉ'1,(1,(0:3à<:81$32=,20%(=3,(&=(ē67:$
:2-&,(&+$8*867<1:2-&,(&+'8'(.
:RMFLHFK$XJXVW\Q:RMFLHFK'XGHN
%6L3**D]RSURMHNW6$ZH:URFáDZLX
3U]HJOąGZDUWRĞFLZVSyáF]\QQLNDSURMHNWRZHJRVWRVRZDQHJRZUHJXODFMDFKSUDZQ\FK8(RGQRV]ąF\FK
VLĊGRJD]RFLąJyZSU]HV\áRZ\FK]XZ]JOĊGQLHQLHPZSá\ZXQDSR]LRPEH]SLHF]HĔVWZD
tƐƉſųĐnjLJŶŶŝŬ
ƉƌŽũĞŬƚŽǁLJ
ĞƐŝŐŶ&ĂĐƚŽƌ
1XW]XQJVJUDG
коэффициент
надежности
tƐƚħƉ
$NWXDOQ\VWDQZLHG]\WHFKQLF]QHMLHNRQRPLF]QHMXPRĪOLZLDZ\NRQDQLHZLHORDVSHNWRZHM
DQDOL]\LQZHVW\FMLSROHJDMąFHMQDEXGRZLHJD]RFLąJXSU]HV\áRZHJR.RPSOHPHQWDUQHSRGHMĞFLH
GR WHJR ]DJDGQLHQLD PXVL XZ]JOĊGQLDü SR]LRP EH]SLHF]HĔVWZD VIHUĊ HNRQRPLF]Qą RUD]
ZSá\ZQDĞURGRZLVNRQDWXUDOQH3DUDPHWU\WHPRĪQDRJyOQLHSRG]LHOLüQDSLHUZRWQHZDUWRĞFL
NWyU\FK]RVWDá\ZVSRVyEĞZLDGRP\XVWDORQHSU]H]XVWDZRGDZFĊLOXESURMHNWDQWDLQDZWyUQH
RSLVXMąFH HIHNW\ UHDOL]DFML LQZHVW\FML ĝZLDGRPRĞü LVWQLHQLD ]DOHĪQRĞFL Z\VWĊSXMąF\FK
SRPLĊG]\ SDUDPHWUDPL ]PXV]D GR Z\NRU]\VWDQLD Z DQDOL]LH LQZHVW\FML EXGRZ\ JD]RFLąJX
SU]HV\áRZHJR]áRĪRQHJRPRGHOXXZ]JOĊGQLDMąFHJRZLHORZ\PLDURZąIXQNFMĊ&]\REOLJDWRU\MQH
VWRVRZDQLHZVSyáF]\QQLNDSURMHNWRZHJRGODJD]RFLąJyZXNáDGDQ\FKZNODVLHORNDOL]DFML
L QLH XZ]JOĊGQLHQLH Z 50* 5R]SRU]ąG]HQLX 0LQLVWUD *RVSRGDUNL
ǁ ƐƉƌĂǁŝĞ ǁĂƌƵŶŬſǁ
ƚĞĐŚŶŝĐnjŶLJĐŚ͕ ũĂŬŝŵ ƉŽǁŝŶŶLJ ŽĚƉŽǁŝĂĚĂđ ƐŝĞĐŝ ŐĂnjŽǁĞ
;nj͘ h͘ Ŷƌ ϵϳ ƉŽnj͘ ϭϬϱϱͿ͕ ƉƌnjLJƉ͘ĂƵƚ͘Ϳ
ZSá\ZX
SU]HSURZDG]HQLDVSHFMDOQHMSUyE\Z\WU]\PDáRĞFLJD]RFLąJXQDSR]LRPMHJREH]SLHF]HĔVWZD
ZSHáQLSRWZLHUG]DWĊĞZLDGRPRĞü"'DQHOLWHUDWXURZHSRWZLHUG]DMąĪHZ3ROVFHVWDZLDQHVą
]QDF]ąFRZ\ĪV]HZ\PDJDQLDFRGRZ\WU]\PDáRĞFLJD]RFLąJyZSU]HV\áRZ\FKZSRUyZQDQLX]
LQQ\PLNUDMDPLHXURSHMVNLPLL86$
tƐƉſųĐnjLJŶŶŝŬƉƌŽũĞŬƚŽǁLJŐĂnjŽĐŝČŐſǁƉƌnjĞƐLJųŽǁLJĐŚǁWŽůƐĐĞ
=D MHGHQ ] LVWRWQ\FK SDUDPHWUyZ SLHUZRWQ\FK R FKDUDNWHU]H WHFKQLF]Q\P PDMąF\P
LVWRWQH ]QDF]HQLH GOD REV]DUyZ EH]SLHF]HĔVWZD L HNRQRPLL D SRĞUHGQLR UyZQLHĪGOD RFKURQ\
ĞURGRZLVNDX]QDMHVLĊZVSyáF]\QQLNSURMHNWRZ\
:VSyáF]\QQLN SURMHNWRZ\ SRZV]HFKQLH Z OLWHUDWXU]H L SU]HSLVDFK ]DUyZQR NUDMRZ\FK MDN
L ]DJUDQLF]Q\FK GHILQLRZDQ\ MHVW MDNR ZDUWRĞü LORUD]X QDSUĊĪHĔ REZRGRZ\FK Z\ZRáDQ\FK
Z\áąF]QLHG]LDáDQLHPFLĞQLHQLDZHZQĊWU]QHJRZJD]RFLąJXLPLQLPDOQHMJUDQLF\SODVW\F]QRĞFL
VWDOL]NWyUHMZ\NRQDQ\MHVWJD]RFLąJ
W
D
5
I
V
JG]LH
D
V
PDNV\PDOQHQDSUĊĪHQLDREZRGRZHZ\ZRáDQHFLĞQLHQLHPZHZQĊWU]Q\P>03D@
W
5
PLQLPDOQDZDUWRĞüJUDQLF\SODVW\F]QRĞFLVWDOL>03D@
:DUWRĞüZVSyáF]\QQLNDSURMHNWRZHJRZVSRVyELORĞFLRZ\GHWHUPLQXMH]DWHPVWRSLHĔ
Z\NRU]\VWDQLDQRĞQRĞFLJD]RFLąJX
JG]LH
ı
D
±PDNV\PDOQHQDSUĊĪHQLDREZRGRZHZ\ZRáDQHFLĞQLH
QLHPZHZQĊWU]Q\P>03D@
5
W
±PLQLPDOQDZDUWRĞüJUDQLF\SODVW\F]QRĞFLVWDOL>03D@
:DUWRĞüZVSyáF]\QQLNDSURMHNWRZHJRZVSRVyELOR
ĞFLRZ\ GHWHUPLQXMH ]DWHP VWRSLHĔ Z\NRU]\VWDQLD QRĞQR
ĞFLJD]RFLąJX
: 3ROVFH SRGVWDZRZ\P ĨUyGáHP LQIRUPDFML R Z\
PDJDQ\FK ZDUWRĞFLDFK ZVSyáF]\QQLND SURMHNWRZHJR GOD
LQVWDODFML JD]RZQLF]\FK MHVW 5R]SRU]ąG]HQLH 0LQLVWUD
*RVSRGDUNLZVSUDZLHZDUXQNyZWHFKQLF]Q\FKMDNLPSR
ZLQQ\RGSRZLDGDüVLHFLJD]RZH:DUWRĞüZVSyáF]\QQLND
SURMHNWRZHJR Z SU]\SDGNX JD]RFLąJyZ SU]HV\áRZ\FK
X]DOHĪQLRQD MHVW RG NODV\ ORNDOL]DFML JD]RFLąJX 2ERZLą
]XMąFH PDNV\PDOQH ZDUWRĞFL ZVSyáF]\QQLND SURMHNWRZH
JRZRGQLHVLHQLXGRJD]RFLąJyZVWDORZ\FKZ\QRV]ąRG
SRZLHGQLRSNW
±
'ODSLHUZV]HMNODV\ORNDOL]DFML
±
'ODGUXJLHMNODV\ORNDOL]DFML
8VWDOHQLHNODV\ORNDOL]DF\MQHMPDZSHZQ\P]DNUH
VLHFKDUDNWHUX]QDQLRZ\LMHVWF]ĊVWRSURSRQRZDQHSU]H]
SURMHNWDQWDL]DWZLHUG]DQHSU]H]RSHUDWRUDVLHFLJD]RZHM
QDSRGVWDZLHSODQyZ]DJRVSRGDURZDQLDSU]HVWU]HQQHJR
RUD]ZL]MLORNDOQ\FK1LHSUHF\]\MQRĞüSU]\WRF]RQ\FKVIRU
PXáRZDĔ ]DZDUW\FK Z SU]HGPLRWRZ\P UR]SRU]ąG]HQLX
QS ÄWHUHQ R LQWHQV\ZQ\P UXFKX NRáRZ\P´ ÄWHUHQ R UR]
ZLQLĊWHMLQIUDVWUXNWXU]HSRG]LHPQHM´SRZRGXMąĪHQLHMHG
QRNURWQLH RSHUDWRU DVHNXUDF\MQLH ]DOLF]D FDá\ JD]RFLąJ
EąGĨMHJRRGFLQNLR]QDF]QHMGáXJRĞFLGRSLHUZV]HMNODV\
ORNDOL]DFML(IHNWHPWHJRMHVWVWRVRZDQLHGREXGRZ\JD]R
FLąJyZUXU]GXĪ\P]DSDVHPJUXERĞFLĞFLDQNL
1LHVSyMQRĞüSROVNLHJRV\VWHPXSUDZQHJR
:SU]\ZRáDQ\PZF]HĞQLHMUR]SRU]ąG]HQLXSNW
QDND]XMHVLĊUyZQLHĪZ\NRQ\ZDQLHREOLF]HĔZ\WU]\PD
áRĞFLRZ\FK ]JRGQLH ] Z\W\F]Q\PL ]DZDUW\PL Z 3ROVNLFK
1RUPDFK : SUDNW\FH R]QDF]D WR PRĪOLZRĞü NRU]\VWDQLD
ZHGáXJ X]QDQLD ] QRUP\ 310 OXE QRUP\
5852&,Ą*,1U
]KDUPRQL]RZDQHM31(1:SLHUZV]HM]Z\PLH
QLRQ\FKQRUPZRJyOHQLHVWRVXMHVLĊSRMĊFLDZVSyáF]\QQLND
SURMHNWRZHJR QDWRPLDVW ZDUWRĞFL ZVSyáF]\QQLND SRGDQH
ZGUXJLHMQRUPLHQLHVąVSyMQH]RNUHĞORQ\PLZHZF]HĞQLHM
SU]\ZRáDQ\PUR]SRU]ąG]HQLX:SU]\SDGNXVWDORZ\FKJD
]RFLąJyZ SU]HV\áRZ\FK QRUPD 31(1 RNUHĞOD
QDVWĊSXMąFH PDNV\PDOQH ZDUWRĞFL ZVSyáF]\QQLND SURMHN
WRZHJRSNW
±
2GFLQNLSRG]LHPQH]DZ\MąWNLHPVWDFML
±
5XURFLąJLZWXQHODFKSRGSDUWHZVSRVyEFLąJá\
: RGQLHVLHQLX GR SUyE Z\WU]\PDáRĞFL UXURFLąJyZ
SU]HGPLRWRZH50*XZ]JOĊGQLD]DUyZQRSUyE\VWDQGDUGR
ZHSDUXVW>F\W@´1DSUĊĪHQLDZ\ZRáDQHFLĞQLHQLHP
SUyE\Z\WU]\PDáRĞFLRNWyU\PPRZDZXVWSNWLQLH
SRZLQQ\SU]HNURF]\üPLQLPDOQHMJUDQLF\SODVW\F]QRĞFL
5
W
´MDNLVSHFMDOQHSDUW\PQLHPQLHMQLHRNUHĞODGOD
QLFKVSRVREXLZDUXQNyZLFKSU]HSURZDG]HQLDRGV\áDMąFGR
RGUĊEQ\FKSU]HSLVyZNWyU\FKEUDN:WHMV\WXDFMLSURMHNWDQW
MHVW]PXV]RQ\NLHURZDüZW\P]DNUHVLHGRVWĊSQ\PLQRUPD
PLWHFKQLF]Q\PLZáDVQDZLHG]ąLGRĞZLDGF]HQLHP:SUDN
W\FHEXGRZ\JD]RFLąJyZF]ĊVWRVWRVXMHVLĊSUyE\VSHFMDOQH
F]\OL QDSUĊĪHQLD Z\ZRáDQH FLĞQLHQLHP SUyE\ SU]HNUDF]DMą
5
W
QLH]JRGQLH]RERZLą]XMąF\PSUDZHP
2]QDF]D WR ĪH SURMHNWDQW JD]RFLąJX MXĪ SRGF]DV
ZVWĊSQHJR Z\PLDURZDQLD SU]HNURMX JD]RFLąJX D ZLĊF
QDSRF]ąWNXSURFHVXSURMHNWRZHJRVSRW\NDVLĊ]SUREOH
PDPLZ\QLNDMąF\PL]ZHZQĊWU]QHMQLHVSyMQRĞFLSROVNLHJR
V\VWHPXSUDZQHJR
3U]HJOąGZDUWRĞFLZVSyáF]\QQLNyZSURMHNWRZ\FKJD
]RFLąJyZSU]HV\áRZ\FKZNUDMDFK8(LSR]D(XURSą
,QIRUPDFMHRZDUWRĞFLDFKZVSyáF]\QQLNyZSURMHNWR
Z\FKRERZLą]XMąF\FKZSU]\NáDGRZ\FKNUDMDFKSU]HGVWD
ZLRQRZWDEHOL>@
::LHONLHM%U\WDQLLZVSyáF]\QQLNSURMHNWRZ\RZDU
WRĞFLGRW\F]\
±
NODV\ORNDOL]DFMLJD]RFLąJyZRPDNV\PDOQ\PFLĞQLH
QLXURERF]\P03DQLHGRW\F]\JD]RFLąJyZSU]HV\
áRZ\FK'ODSU]HGPLRWRZ\FKJD]RFLąJyZF]\QQLNLHP
GHF\GXMąF\PR]ZLĊNV]RQHMJUXERĞFLĞFLDQNLQLHMHVWFL
ĞQLHQLHZHZQĊWU]QHDOHSU]HGHZV]\VWNLPNRUR]\MQRĞü
±
NODV\ORNDOL]DFMLJD]RFLąJyZ:W\PSU]\SDGNXZDU
WRĞü PRĪH E\ü L MHVW ]DVWĊSRZDQD ZVSyáF]\QQL
NLHP SRG ZDUXQNLHP SU]HSURZDG]HQLD DQDOL]\
U\]\NDNWyUDMHVWF]ĊĞFLąRFHQ\EH]SLHF]HĔVWZDSUR
MHNWRZDQHJRJD]RFLąJX
3RGREQLHMDN&]HFK\Z\PLHQLRQHZWDEQULQQH
NUDMH EĊGąFH F]áRQNDPL (XURSHMVNLHJR .RPLWHWX 1RUPD
OL]DF\MQHJR]RERZLą]DQHVąGRQDGDQLDQRUPLH(1
VWDWXVXQRUP\NUDMRZHM.UDMDPLW\PLVą$XVWULD%HOJLD
%XáJDULD&\SU5HSXEOLND&]HVND'DQLD(VWRQLD)LQODQ
GLD)UDQFMD*UHFMD+LV]SDQLD+RODQGLD,UODQGLD,VODQ
GLD/LWZD/XNVHPEXUJàRWZD0DOWD1LHPF\1RUZHJLD
3RUWXJDOLD 5XPXQLD 6áRZDFMD 6áRZHQLD 6]ZDMFDULD
6]ZHFMD:ĊJU\:áRFK\L:LHOND%U\WDQLD
3RGVXPRZXMąF PRĪQD VWZLHUG]Lü ĪH QDMZ\ĪV]H
Z\PDJDQLDFRGRZDUWRĞFLZVSyáF]\QQLNyZSURMHNWRZ\FK
VWRVRZDQ\FK Z Z\PLHQLRQ\FK NUDMDFK ]DZDUWH Vą
ZQRUPLHDPHU\NDĔVNLHM$60(%LSROVNLP50*
7DEHODQU3U]\NáDGRZHZDUWRĞFLZVSyáF]\QQLNDSURMHNWRZHJRZV\VWHPDFKSUDZQ\FKLWHFKQLF]Q\FKQDĞZLHFLH
.UDM
3U]HSLVSUDZQ\LOXEQRUPD
DĂŬƐLJŵĂůŶĂĚŽƉƵƐnjĐnjĂůŶĂǁĂƌƚŽƑđ
ǁƐƉſųĐnjLJŶŶŝŬĂƉƌŽũĞŬƚŽǁĞŐŽĨ
Ϭ
3ROVND
5R]SRU]ÈG]HQLH0LQLVWUD*RVSRGDUNLǁƐƉƌĂǁŝĞǁĂƌƵŶŬſǁƚĞĐŚŶŝĐnjŶLJĐŚ͕ũĂͲ
ŬŝŵƉŽǁŝŶŶLJŽĚƉŽǁŝĂĚĂđƐŝĞĐŝŐĂnjŽǁĞ
31(1
.ODVDORNDOL]DFML
.ODVDORNDOL]DFML
86$
&RGHRI)HGHUDO5HJXODWLRQV7LWOH7UDQVSRUWDWLRQ3DUWļdƌĂŶƐƉŽƌƚĂͲ
ƟŽŶŽĨEĂƚƵƌĂůĂŶĚŽƚŚĞƌ'ĂƐďLJWŝƉĞůŝŶĞ͗DŝŶŝŵƵŵ&ĞĚĞƌĂů^ĂĨĞƚLJ^ƚĂŶͲ
ĚĂƌĚƐ
$60(%'ĂƐdƌĂŶƐŵŝƐƐŝŽŶĂŶĚŝƐƚƌŝďƵƟŽŶWŝƉŝŶŐƐLJƐƚĞŵƐ
.ODVDORNDOL]DFML
.ODVDORNDOL]DFML
.ODVDORNDOL]DFML
.ODVDORNDOL]DFML
$XVWUDOLD
$6$XVWUDOLDQ6WDQGDUG3LSHOLQHVļ*DVDQG/LTXLG3HWUROHXP
GR
1LHPF\
%XQGHVPLQLVWHULXPIXHU8PZHOW1DWXUVFKXW]XQG5HDNWRUVLFKHUKHLWĞŬĂŶŶƚͲ
ŵĂĐŚƵŶŐĚĞƌdĞĐŚŶŝƐĐŚĞŶZĞŐĞůĨƵĞƌZŽŚƌĨĞƌŶůĞŝƚƵŶŐĞŶŶĂĐŚΑϵďƐ͘ϱĚĞƌ
ZŽŚƌĨĞƌŶůĞŝƚƵŶŐƐǀĞƌŽƌĚŶƵŶŐ
'9*:*'ĂƐůĞŝƚƵŶŐĞŶĂƵƐ^ƚĂŚůƌŽŚƌĞŶǀŽŶŵĞŚƌĂůƐϭϲďĂƌĞƚƌŝĞďƐͲ
ĚƌƵĐŬ
',1^ƚĂŚůƌŽŚƌĞ͘ĞƌĞĐŚŶƵŶŐĚĞƌtĂŶĚĚŝĐŬĞǀŽŶ^ƚĂŚůƌŽŚƌĞŶŐĞŐĞŶ
/ŶŶĞŶĚƌƵĐŬ͘
',1'ĂƐůĞŝƚƵŶŐĞŶĂƵƐ^ƚĂŚůƌŽŚƌĞŶŵŝƚnjƵůĂĞƐƐŝŐĞŶĞƚƌŝĞďƐĚƌƵĞĐŬĞŶ
ǀŽŶŵĞŚƌĂůƐϭϲďĂƌ͘ŶĨŽƌĚĞƌƵŶŐĞŶĂŶĚŝĞZŽŚƌůĞŝƚƵŶŐƐƚĞŝůĞ͕
',1(1
GR
:LHOND%U\
WDQLD
,*(07'^ƚĞĞůƉŝƉĞůŝŶĞƐĨŽƌŚŝŐŚƉƌĞƐƐƵƌĞŐĂƐƚƌĂŶƐŵŝƐƐŝŽŶ
3'ŽĚĞŽĨƉƌĂĐƟĐĞĨŽƌƉŝƉĞůŝŶĞƐ͘^ƚĞĞůƉŝƉĞůŝŶĞƐŽŶůĂŶĚ
.ODVDORNDOL]DFML
.ODVDORNDOL]DFML
.ODVDORNDOL]DFML
&]HFK\
o61(1
73*WůLJŶŽǀŽĚLJĂƉƎşƉŽũŬLJnjŽĐĞůŝƐŶĞũǀLJƓƓşŵƉƌŽǀŽnjŶşŵƚůĂŬĞŵĚŽ
ϭϬϬďĂƌƽǀēĞƚŶĢ
*D]RFLÈJLSRG]LHPQH
5852&,Ą*,1U
:Sá\ZSU]HSURZDG]HQLDSUyE\VSHFMDOQHMQDZDUWRĞü
ZVSyáF]\QQLNDSURMHNWRZHJR
-HGQ\P]ZLRGąF\FKNUDMyZZ]DNUHVLHSU]HSURZDG]D
QLD SUyE VSHFMDOQ\FK JD]RFLąJyZ SU]HV\áRZ\FK Vą 1LHPF\
3U]HSURZDG]HQLH SUyE VSHFMDOQ\FK JD]RFLąJyZ ZJ SU]HSL
VyZQLHPLHFNLFKLQVWUXNFML'9*:*MHVWZDĪQ\PF]\Q
QLNLHPXPRĪOLZLDMąF\PRVLąJQLHFLHZ\PDJDQHJRZ\VRNLHJR
SR]LRPXEH]SLHF]HĔVWZD=ZUDFDXZDJĊZ\MąWNRZDGRNáDG
QRĞüRNUHĞOHQLDZDUWRĞFLZVSyáF]\QQLNDSURMHNWRZHJRDĪGR
MHJRF]ĊĞFLW\VLĊF]Q\FK3U]\]DFKRZDQLXVWRVXQNRZRZ\VR
NLHMZDUWRĞFLZVSyáF]\QQLNDSURMHNWRZHJRZSRUyZQD
QLXGRRUD]VSHáQLHQLXZDUXQNXSU]HSURZDG]HQLDSUyE\
VSHFMDOQHM ]JRGQLH ] SU]HSLVDPL QLHPLHFNLPL PRĪOLZH MHVW
RVLąJQLĊFLHZ\VWDUF]DMąFRGXĪHJRSR]LRPXEH]SLHF]HĔVWZD
QDZHW GOD WHUHQyZ PRFQR ]XUEDQL]RZDQ\FK RNUHĞODQ\FK
Z3ROVFHWHUHQDPLNODV\ORNDOL]DFML-DNZLDGRPRVWDOHVWR
VRZDQHGRZ\UREXUXUFKDUDNWHU\]XMąVLĊ]QDF]QąUH]HUZą
Z\WU]\PDáRĞFL QDZHW SR SU]HNURF]HQLX REFLąĪHĔ Z\ZRáXMą
F\FKQDSUĊĪHQLDRGSRZLDGDMąFHXPRZQHMJUDQLF\SODVW\F]QR
ĞFL-HVWWRHIHNWXPRFQLHQLDSODVW\F]QHJR
1DSUĊĪHQLD REZRGRZH Z UXURFLąJX SRGGDQ\P
G]LDáDQLXFLĞQLHQLDSUyE\VSHFMDOQHMPRJąRVLąJQąüZDU
WRĞüZLĊNV]ąRGJUDQLF\SODVW\F]QRĞFLVWDOL5
W
5XURFLąJ
]EXGRZDQ\ MHVW ] RGFLQNyZ UXU R UyĪQHM Z\WU]\PDáRĞFL
:SU]\SDGNXNDĪGHJR]RGFLQNyZZ\NRU]\VWDQ\FKGREX
GRZ\JD]RFLąJXZLRGąF\ZSá\ZQDZ\WU]\PDáRĞüPDMą
WU]\SRGVWDZRZHSDUDPHWU\U]HF]\ZLVWDJUXERĞüĞFLDQNL
XZ]JOĊGQLDMąFD WROHUDQFMH ZJ 31(1 RUD] U]H
F]\ZLVWD JUDQLFD SODVW\F]QRĞFL VWDOL SRWZLHUG]RQD DWH
VWHPKXWQLF]\P:F]DVLHSRGQRV]HQLDZDUWRĞFLFLĞQLHQLD
SUyE\QDMSLHUZRGFLQNLUXURQDMPQLHMV]HMZ\WU]\PDáRĞFL
SRVDGRZLRQHQDMQLĪHMRGNV]WDáFDMąVLĊWUZDOHGRF]DVX
NLHG\ SODVW\F]QH RGNV]WDáFHQLD REZRGRZH UXU\ RVLąJQą
ZDUWRĞü UyZQą ZLHONRĞFL GRSXV]F]DOQHM RNUHĞORQHM ZJ
=1* EąGĨ PDNV\PDOQH QDSUĊĪHQLD REZRGRZH
Z\ZRáDQHFLĞQLHQLHPSUyE\QLHSU]HNURF]ąZDUWRĞFLGR
SXV]F]DOQ\FK5
W
]JRGQLH]SRQLĪV]\PZ]RUHP
]
W
SZ
'
5
J
S
PLQ
PD[
d
JG]LH
nj
Ͳ
ĞUHGQLFD]HZQĊWU]QD
;
Ő
ŵŝŶ
Z
ƚϬ͕ϱ
Ϳ
Ϯ͕ϱй
Ͳ
UXU ] RJyOQHM OLF]E\ UXU RNUHĞORQHM GRVWDZ\ RGF]\WDQD ]H
VWDW\VW\F]QHM NU]\ZHM Z\QLNyZ SRPLDUyZ U]HF]\ZLVW\FK
SDUDPHWUyZZ
ƚϬ͕ϱ
ŝŐ
ŵŝŶ
͘
3RZ\ZRáDQLXZUXURFLąJXPQLHMV]HM]GZyFKGRSXV]F]DOQ\FKZDUWRĞFLSURFHVSRGQRV]HQLD
FLĞQLHQLD PXVL VLĊ ]DNRĔF]\ü DE\ ]DSRELHF XV]NRG]HQLX JD]RFLąJX : UH]XOWDFLH
SU]HSURZDG]RQHM SUyE\ PRĪOLZH MHVW Z\]QDF]HQLH U]HF]\ZLVWHM Z\WU]\PDáRĞFL WHVWRZDQHJR
RGFLQND XVXQLĊFLH GHIRUPDFML SU]HNURMX EHGąF\FK HIHNWHP ZF]HĞQLHMV]\FK HWDSyZ
Z\WZDU]DQLDLEXGRZ\DWDNĪH]DSRELHĪHQLHUR]ZRMXXNU\W\FKZDGPDWHULDáRZ\FK2NUHĞORQD
QDGURG]HSUyE\VSHFMDOQHMZ\WU]\PDáRĞüJUDQLFDSODVW\F]QRĞFLSRZLQQD]RVWDüSRUyZQDQD]
Z\QLNDPLDWHVWyZKXWQLF]\FK
'HILQLFMD ZVSyáF]\QQLND SURMHNWRZHJR ]DZDUWD Z 50* MHVW RF]\ZLĞFLH SRSUDZQD DOH
REOLJDWRU\MQD ZDUWRĞü GRSXV]F]DOQD ZVSyáF]\QQLND GOD JD]RFLąJyZ SRáRĪRQ\FK Z NODVLH
ORNDOL]DFML SU]\S DXW SR]ZDOD GRP\VODü VLĊ ĪH OHJLVODWRU QLH XZ]JOĊGQLá RVLąJQLĊü
ZVSyáF]HVQHMWHFKQLNLZW\P]DNUHVLHĝZLDGRPHZSURZDG]HQLHSU]H]SURMHNWDQWDJD]RFLąJX
Z\PRJX SU]HSURZDG]HQLD SUyE\ VSHFMDOQHM SRZLQQR XPRĪOLZLDü VWRVRZDQLH ZVSyáF]\QQLND
SURMHNWRZHJRRZ\ĪV]HMZDUWRĞFLMDNPDWRPLHMVFHQSZ1LHPF]HFK
&]\ZVSyáF]\QQLNLSURMHNWRZHSU]HGVWDZLRQHZQRUPLH$60(%RG]ZLHUFLHGODMąREHFQ\VWDQZLHG]\
WHFKQLF]QHM"
6SUDZR]GDQLH´(YDOXDWLRQRISLSHOLQHGHVLJQIDFWRUV´RSUDFRZDQHSU]H]7KH+DUWIRUG6WHDP
%RLOHU,QVSHFWLRQDQG,QVXUDQFH&RPSDQ\LSU]\JRWRZDQHGOD*DV5HVHDUFK,QVWLWXWHLQVW\WXWX
EDGDZF]R UR]ZRMRZHJR Z EUDQĪ\ JD]RZQLF]HM SRWZLHUG]D ĪH NODV\ ORNDOL]DFML JD]RFLąJyZ
SU]HV\áRZ\FK L G\VWU\EXF\MQ\FK ZUD] ] RGSRZLDGDMąF\PL LP ZVSyáF]\QQLNDPL SURMHNWRZ\PL
]RVWDá\ ZSURZDG]RQH GR QRUP\ $60( % Z URNX D SRGVWDZą LFK NODV\ILNDFML E\áD
JĊVWRĞü ]DOXGQLHQLD 3R SU]HSURZDG]HQLX DQDOL]\ PHWRGRORJLL REOLF]HĔ Z\WU]\PDáRĞFLRZ\FK
JD]RFLąJyZ Z\VRNLHJR FLĞQLHQLD QD ĞZLHFLH DXWRU]\ RSUDFRZDQLD VWZLHUG]DMą ĪH ZDUWRĞFL
ZVSyáF]\QQLNyZ ]DZDUW\FK Z SU]HGPLRWRZHM QRUPLH ]GH]DNWXDOL]RZDá\ VLĊ SRQLHZDĪ QLH
XZ]JOĊGQLDMą UR]ZRMX SURFHVyZ Z\WZDU]DQLD VWDOL SURFHVyZ WHFKQRORJLL VSDZDQLD
QRZRF]HVQ\FK WHFKQRORJLL EXGRZ\ JD]RFLąJyZ 6WZLHUG]DMą UyZQLHĪ ĪH $60( %
SU]HGVWDZLD NRQVHUZDW\ZQą PHWRG\NĊ REOLF]HĔ Z\WU]\PDáRĞFLRZ\FK L ]DOHFD F]áRQNRP
.RPLWHWX 1RUPDOL]DF\MQHJR % Z\PLDURZDQLH JD]RFLąJyZ PHWRGą VWDQyZ JUDQLF]Q\FK ]
XZ]JOĊGQLHQLHP DQDOL]\ U\]\ND NWyUD MHVW F]ĊĞFLą RFHQ\ EH]SLHF]HĔVWZD SURMHNWRZDQ\FK
JD]RFLąJyZ : DPHU\NDĔVNLHM OLWHUDWXU]H WHFKQLF]QHM SRMDZLáR VLĊ ZLHOH SXEOLNDFML QRUP
JG]LH
'
]
±ĞUHGQLFD]HZQĊWU]QD
J
PLQ
î5
W
± UXU ] RJyOQHM OLF]E\ UXU RNUHĞORQHM
GRVWDZ\RGF]\WDQD]HVWDW\VW\F]QHMNU]\ZHMZ\QLNyZ
SRPLDUyZU]HF]\ZLVW\FKSDUDPHWUyZ5
W
LJ
PLQ
3R Z\ZRáDQLX Z UXURFLąJX PQLHMV]HM ] GZyFK GR
SXV]F]DOQ\FK ZDUWRĞFL SURFHV SRGQRV]HQLD FLĞQLHQLD
PXVLVLĊ]DNRĔF]\üDE\]DSRELHFXV]NRG]HQLXJD]RFLą
JX:UH]XOWDFLHSU]HSURZDG]RQHMSUyE\PRĪOLZHMHVWZ\
]QDF]HQLH U]HF]\ZLVWHM Z\WU]\PDáRĞFL WHVWRZDQHJR RG
FLQNDXVXQLĊFLHGHIRUPDFMLSU]HNURMXEHGąF\FKHIHNWHP
ZF]HĞQLHMV]\FK HWDSyZ Z\WZDU]DQLD L EXGRZ\ D WDNĪH
]DSRELHĪHQLHUR]ZRMXXNU\W\FKZDGPDWHULDáRZ\FK2NUH
ĞORQDQDGURG]HSUyE\VSHFMDOQHMZ\WU]\PDáRĞüJUDQLFD
SODVW\F]QRĞFL SRZLQQD ]RVWDü SRUyZQDQD ] Z\QLNDPL
DWHVWyZKXWQLF]\FK
'H¿QLFMD ZVSyáF]\QQLND SURMHNWRZHJR ]DZDUWD
Z50*MHVWRF]\ZLĞFLHSRSUDZQDDOHREOLJDWRU\MQDZDUWRĞü
GRSXV]F]DOQD ZVSyáF]\QQLND GOD JD]RFLąJyZ SRáRĪRQ\FK
ZNODVLHORNDOL]DFMLSU]\SDXWSR]ZDODGRP\VODüVLĊ
ĪHOHJLVODWRUQLHXZ]JOĊGQLáRVLąJQLĊüZVSyáF]HVQHMWHFKQLNL
ZW\P]DNUHVLHĝZLDGRPHZSURZDG]HQLHSU]H]SURMHNWDQWD
JD]RFLąJX Z\PRJX SU]HSURZDG]HQLD SUyE\ VSHFMDOQHM SR
ZLQQRXPRĪOLZLDüVWRVRZDQLHZVSyáF]\QQLNDSURMHNWRZHJR
RZ\ĪV]HMZDUWRĞFLMDNPDWRPLHMVFHQSZ1LHPF]HFK
&]\ZVSyáF]\QQLNLSURMHNWRZHSU]HGVWDZLRQHZQRU
PLH$60(%RG]ZLHUFLHGODMąREHFQ\VWDQZLHG]\
WHFKQLF]QHM"
6SUDZR]GDQLH´(YDOXDWLRQRISLSHOLQHGHVLJQIDFWRUV´
RSUDFRZDQH SU]H]
7KH +DUWIRUG 6WHDP %RLOHU ,QVSHFWLRQ
DQG ,QVXUDQFH &RPSDQ\ L SU]\JRWRZDQH GOD *DV 5HVH
DUFK ,QVWLWXWH LQVW\WXWX EDGDZF]R UR]ZRMRZHJR Z EUDQĪ\
JD]RZQLF]HM SRWZLHUG]D ĪH NODV\ ORNDOL]DFML JD]RFLąJyZ
SU]HV\áRZ\FK L G\VWU\EXF\MQ\FK ZUD] ] RGSRZLDGDMąF\PL
LPZVSyáF]\QQLNDPLSURMHNWRZ\PL]RVWDá\ZSURZDG]RQHGR
QRUP\$60(%ZURNXDSRGVWDZąLFKNODV\¿NDFML
E\áDJĊVWRĞü]DOXGQLHQLD3RSU]HSURZDG]HQLXDQDOL]\PH
WRGRORJLL REOLF]HĔ Z\WU]\PDáRĞFLRZ\FK JD]RFLąJyZ Z\VR
NLHJRFLĞQLHQLDQDĞZLHFLHDXWRU]\RSUDFRZDQLDVWZLHUG]DMą
ĪH ZDUWRĞFL ZVSyáF]\QQLNyZ ]DZDUW\FK Z SU]HGPLRWRZHM
QRUPLH ]GH]DNWXDOL]RZDá\ VLĊ SRQLHZDĪ QLH XZ]JOĊGQLDMą
UR]ZRMXSURFHVyZZ\WZDU]DQLDVWDOLSURFHVyZWHFKQRORJLL
VSDZDQLD QRZRF]HVQ\FK WHFKQRORJLL EXGRZ\ JD]RFLąJyZ
6WZLHUG]DMą UyZQLHĪ ĪH $60( % SU]HGVWDZLD NRQVHU
ZDW\ZQą PHWRG\NĊ REOLF]HĔ Z\WU]\PDáRĞFLRZ\FK L ]DOHFD
F]áRQNRP.RPLWHWX1RUPDOL]DF\MQHJR%Z\PLDURZDQLH
JD]RFLąJyZPHWRGąVWDQyZJUDQLF]Q\FK]XZ]JOĊGQLHQLHP
DQDOL]\ U\]\ND NWyUD MHVW F]ĊĞFLą RFHQ\ EH]SLHF]HĔVWZD
SURMHNWRZDQ\FK JD]RFLąJyZ : DPHU\NDĔVNLHM OLWHUDWXU]H
WHFKQLF]QHMSRMDZLáRVLĊZLHOHSXEOLNDFMLQRUPEUDQĪRZ\FK
RSLVXMąF\FK SU]HGPLRWRZH ]DJDGQLHQLD MDNNROZLHN SU]\
QDMPQLHMMDNGRWHMSRU\QLH]RVWDá\RQHZSURVWLZSHáQ\P
]DNUHVLHZSURZDG]RQHGRQRUP\$60(%1DOHĪ\]D
XZDĪ\üĪHMXĪQDZVWĊSLHSU]HGPLRWRZHMQRUP\]QDMGXMHVLĊ
]DSLV>F\W@´7KHGHVLJQHULVFDXWLRQHGWKDWWKH&RGHLVQRW
DGHVLJQKDQGERRNLWGRHVQRWHOLPLQDWHWKHQHHGIRUWKH
GHVLJQHURUIRUFRPSHWHQWHQJLQHHULQJMXGJPHQW´3RZ\ĪV]\
]DSLVR]QDF]DĪH$60(%SU]HGVWDZLDQLHREOLJDWRU\MQH
Z\PDJDQLDWHFKQLF]QHGODJD]RFLąJyZSU]HV\áRZ\FKG\V
WU\EXF\MQ\FKLWáRF]QLJD]X=GDQLHPDXWRUyZVSUDZR]GDQLD
ZSURZDG]HQLHGRSU]HGPLRWRZHMQRUP\
]DJDGQLHĔZ\PLDUR
ZDQLDJD]RFLąJyZPHWRGąVWDQyZJUDQLF]Q\FK]XZ]JOĊG
QLHQLHP DQDOL]\ U\]\ND ZSá\QĊáRE\ SR]\W\ZQLH ]DUyZQR
5852&,Ą*,1U
QD DVSHNW HNRQRPLF]Q\ EXGRZ\ JD]RFLąJyZ MDN L SR]LRP
LFK EH]SLHF]HĔVWZD
: RGQLHVLHQLX GR SUyE FLĞQLHQLRZ\FK
%]DOHFDVWRVRZDQLHVWDQGDUGRZ\FKSUyEZ\WU]\PDáR
ĞFLMDNNROZLHN]JRGQLH]SRZ\ĪV]\PF\WDWHPQLHXQLHPRĪOL
ZLDSU]HSURZDG]HQLDSUyEVSHFMDOQ\FK
:\PDJDQLD Z\WU]\PDáRĞFLRZH JD]RFLąJyZ
ZJ QRU
P\$60(%L50*
6]F]HJyáRZD DQDOL]D QRUP\ $60( % SRWZLHU
G]D ĪH SROVNLH UR]SRU]ąG]HQLH VWDZLD QDZHW Z\ĪV]H Z\
PDJDQLD Z\WU]\PDáRĞFLRZH GOD
JD]RFLąJyZ SU]HV\áRZ\FK
RGDPHU\NDĔVNLFKPLPRWHJRĪH$60(%Z\GDMHVLĊ
E\üĨUyGáHPQLHNWyU\FK]DSLVyZ]DZDUW\FKZ50*3HZQH
VIRUPXáRZDQLDZSROVNLPUR]SRU]ąG]HQLXVąGRVáRZQ\PWáX
PDF]HQLHP]DSLVyZ]DZDUW\FKZQRUPLH$60(%1D
SU]\NáDGSU]\RNUHĞODQLXNODV\ORNDOL]DFML50*SU]\WDF]D
ZDUWRĞü ZVSyáF]\QQLND RUD] VIRUPXáRZDQLD WDNLH MDN
ÄLQWHQV\ZQ\ UXFK NRáRZ\´ ÄLQIUDVWUXNWXUD SRG]LHPQD´ ,GHQ
W\F]QHVIRUPXáRZDQLDZ\VWĊSXMąUyZQLHĪZQRUPLHDPHU\
NDĔVNLHMSU]\RNUHĞODQLXQDMEDUG]LHMU\JRU\VW\F]QHMNODV\
ORNDOL]DFMLRNUHĞODMąFHMQDMZ\ĪV]\SR]LRPEH]SLHF]HĔVWZD
$VSHNWHNRQRPLF]Q\VWRVRZDQLDZVSyáF]\QQLNDSUR
MHNWRZHJR
:WDEHOLQUSU]HGVWDZLRQRSRUyZQDQLHZ\QLNyZ
GRERUX QRUPDW\ZQHM JUXERĞFL ĞFLDQNL JD]RFLąJX SU]HV\
áRZHJR Z\VRNLHJR FLĞQLHQLD GOD UyĪQ\FK ZDUWRĞFL ZVSyá
F]\QQLNDSURMHNWRZHJRLPDWHULDáXUXU
1DOHĪ\]ZUyFLüXZDJĊĪHQDHWDSLHZVWĊSQHJRGRER
UXJUXERĞFLĞFLDQNLUXURFLąJXGRSXV]F]DOQHZDUWRĞFLZVSyá
F]\QQLNyZ SURMHNWRZ\FK VáXĪą GR Z\]QDF]HQLD QDSUĊĪHĔ
GRSXV]F]DOQ\FK 5]HF]\ZLVWH REOLF]HQLRZH ZVSyáF]\QQLNL
SURMHNWRZHZ\]QDF]RQHGODGREUDQHMJUXERĞFLĞFLDQNL]Z\
NOHSU]\MPXMąZDUWRĞFL]QDF]QLHQLĪV]HRGZDUWRĞFLGRSXV]
7DEHODQU3RUyZQDQLHZ\PDJDĔZ\WU]\PDáRĞFLRZ\FKZJ$60(%RUD]50*
Wymagania
techniczne
USA
Polska
=DNUHVVWRVRZDQ\FKZDUWRĂFLZVSöïF]\QQL
NDSURMHNWRZHJRGODJD]RFLÈJöZ
GRϬ͕ϴ
GRϬ͕ϳϮ
NODVDORNDOL]DFMLGRW\F]\PLÚG]\LQQ\PL
JD]RFLąJyZXNáDGDQ\FKQDWHUHQDFKJáyZQLH
RnjĂďƵĚŽǁŝĞĐŽŶĂũŵŶŝĞũϰŬŽŶĚLJŐŶĂĐLJũŶĞũ
JD]RFLąJyZSRáRĪRQ\FKQDWHUHQDFKRnjĂďƵͲ
ĚŽǁŝĞũĞĚŶŽͲŝǁŝĞůŽƌŽĚnjŝŶŶĞũ
ZVSöïF]\QQLNLSURMHNWRZHGODWïRF]QLJD]X
GODWïRF]QLJD]XUöZQLHĝRERZLÈ]XMÈNODV\ORNDOL]DFML
MDNGODJD]RFLÈJöZ
GODNODV\ORNDOL]DFMLSU]\MPXMHVLÚZDUWRĂÊ
GODNODV\ORNDOL]DFMLSU]\MPXMHVLÚZDUWRĂÊ
GODRELHNWöZNXEDWXURZ\FKQLHLVWQLHMÈNODV\ORNDOL
]DFMLRERZLÈ]XMÈFDZDUWRĂÊZ\QRVL
7DEHODQU3RUyZQDQLHZ\QLNyZGRERUXJUXERĞFLĞFLDQNLJD]RFLąJXSU]HV\áRZHJR
ϭ
2
3
4
5
6
7
0DNV\PDOQHFLĞQLHQLHURER
F]HJD]X
DKW
DWĂ
ĝUHGQLFDQRPLQDOQD
'1
Ͳ
ĝUHGQLFD]HZQĊWU]QD
nj
ŵŵ
0DWHULDá
Ͳ
Ͳ
/0%
/0%
/0%
/0%
:DUWRĞüPLQLPDOQDJUDQLF\
SODVW\F]QRĞFL
DWĂ
.RQVWUXNFMDJD]RFLąJX
Ͳ
Ͳ
*D]RFLÈJSRG]LHPQ\
.ODVDORNDOL]DFMLJD]RFLąJX
Ͳ
Ͳ
0DNV\PDOQDGRSXV]F]DOQD
ZDUWRĞüZVSyáF]\QQLNDSURMHN
WRZHJR
Ͳ
ϭͿ
ϮͿ
ϯͿ
ϯͿ
:\PDJDQDQRUPDW\ZQDJUX
ERĞüĞFLDQNLUXU\
d
E
ŵŵ
2EOLF]HQLRZ\ZVSyáF]\QQLN
SURMHNWRZ\
GOD7
1
Ͳ
.RV]WMHGQRVWNRZ\UXU\
>3/1P@
.RV]WUXURFLąJXRGáXJRĞFL
NP
>POQ3/1
NP@
:DUWRĞüZVSyáF]\QQLNDSURMHNWRZHJRGREUDQDZHGáXJQRUP\31(1
:DUWRĞüZVSyáF]\QQLNDSURMHNWRZHJRGREUDQDZHGáXJSU]HSLVyZQLHPLHFNLFK
:DUWRĞüZVSyáF]\QQLNDSURMHNWRZHJRGREUDQDZHGáXJ50*
5852&,Ą*,1U
F]DOQ\FK
-HVWWRZ\QLNSU]HGHZV]\VWNLPUyĪQLF\SRPLĊG]\
JUXERĞFLą REOLF]HQLRZą ĞFLDQNL UXU\ D SU]\MĊWą ZJ 31(1
3U]\NáDGRZR]JRGQLH]WDEQUGODGUXJLHMNODV\
ORNDOL]DFMLLGREUDQHMJUXERĞFLĞFLDQNLPPVWRSLHĔ
Z\NRU]\VWDQLD QRĞQRĞFL JD]RFLąJX Z\QRVL FR RGSR
ZLDGDZVSyáF]\QQLNRZLSURMHNWRZHPX
:HGáXJ SODQyZ U]ąGRZ\FK Z 3ROVFH SODQXMH VLĊ
Z\EXGRZDQLH GR URNX RNRáR NP JD]RFLąJyZ
SU]HV\áRZ\FK 6WRVRZDQLH REOLJDWRU\MQ\FK ZDUWRĞFL GR
SXV]F]DOQ\FK ZVSyáF]\QQLNyZ SURMHNWRZ\FK ]DZDUW\FK
Z50*SU]\MHGQRF]HVQ\PXZ]JOĊGQLHQLXFHQSRGDQ\FK
ZWDEHOLQULSU]\MĊFLX]DáRĪHQLDĪHEXGRZDQHJD]RFLąJL
EĊGąSRáRĪRQHZNODVLHORNDOL]DFMLSR]ZDODV]DFRZDü
ĪHáąF]Q\NRV]WUXUXĪ\W\FKGREXGRZ\PRĪHE\üR
POQZLĊNV]\QLĪZSU]\SDGNXJG\E\VWRVRZDüUR]ZLą]D
QLDDQDORJLF]QHMDNZSU]HSLVDFKQLHPLHFNLFK
&]\ VWDQ WHFKQLNL VWRVRZDQH WHFKQRORJLH L ZDUXQNL
HNVSORDWDFML JD]RFLąJyZ SU]HV\áRZ\FK Vą ]QDF]ąFR
RGPLHQQHRGVSRW\NDQ\FKZLQQ\FKNUDMDFK8("
.RPLWHW 7HFKQLF]Q\ QU GV *D]RZQLFWZD G]LD
áDMąF\SU]\3ROVNLP.RPLWHFLH1RUPDOL]DF\MQ\PRGSRZLH
G]LDOQ\]DRSUDFRZDQLHZHUVMLSROVNLHMQRUP\]KDUPRQL]R
ZDQHM31(1ZNROHMQ\FKMHMZ\GDQLDFK
QLH]DPLHĞFLá]DSLVyZZVND]XMąF\FKQDRGPLHQQRĞü
VWRVRZDQ\FK UR]ZLą]DĔ WHFKQLF]Q\FK WHFKQRORJLL OXE ZD
UXQNyZ HNVSORDWDFML QD WHU\WRULXP 3ROVNL :DUWR UyZQLHĪ
]DXZDĪ\üĪHPLPRRERZLą]\ZDQLD5R]SRU]ąG]HQLD0*
ZQRUPLH31(1QLHZSURZDG]RQRPDNV\PDOQHMGR
SXV]F]DOQHMZDUWRĞFLZVSyáF]\QQLNDSURMHNWRZHJRGODJD
]RFLąJyZNODV\ORNDOL]DFML3RGHMĞFLHWDNLHZ\GDMHVLĊ
E\üZSHáQLX]DVDGQLRQHSRQLHZDĪ5]HF]SRVSROLWD3ROVND
MDNRSHáQRSUDZQ\F]áRQHN8(SRVLDGDVZRERGQ\GRVWĊS
GRDNWXDOQLHVWRVRZDQ\FKQRZRF]HVQ\FKPDWHULDáyZWHFK
QRORJLLZ\WZDU]DQLDLPRQWDĪXDWDNĪHVSHFMDOLVW\F]Q\FK
XVáXJ]ZLą]DQ\FK]V]HURNRUR]XPLDQ\PJD]RZQLFWZHP
&]\ ]PQLHMV]DQLH ZDUWRĞFL ZVSyáF]\QQLND SURMHNWR
ZHJRMHVWMHG\Q\PVNXWHF]Q\PVSRVREHPRVLąJQLĊ
FLDZ\PDJDQHJRSR]LRPXEH]SLHF]HĔVWZD"
-HGQ\P ] LVWRWQ\FK DVSHNWyZ EXGRZ\ L HNVSORDWD
FML NDĪGHJR JD]RFLąJX SU]HV\áRZHJR MHVW ]DSHZQLHQLH
Z\PDJDQHJR SR]LRPX EH]SLHF]HĔVWZD 3RZV]HFKQLH
VWRVRZDQą QD ĞZLHFLH PLDUą EH]SLHF]HĔVWZD MHVW SUDZ
GRSRGRELHĔVWZR Z\VWąSLHQLD ]GDU]HQLD DZDULL NWyUHJR
VNXWNL RNUHĞOD VLĊ MDNR NU\W\F]QH : FHOX Z\]QDF]HQLD
ZDUWRĞFLWHJRSUDZGRSRGRELHĔVWZDZ\NRQXMHVLĊLORĞFLR
ZąDQDOL]ĊU\]\ND:W\PSU]\SDGNXQLHVWHW\SRQRZQLH
XMDZQLDVLĊVáDERĞüSROVNLHJRV\VWHPXSUDZQHJRSRQLH
ZDĪ XVWDZRGDZFD QLH RNUHĞOLá GRSXV]F]DOQHJR SR]LRPX
U\]\NDOXEGRSXV]F]DOQHMZDUWRĞFLSUDZGRSRGRELHĔVWZD
Z\VWąSLHQLDDZDULLGODJD]RFLąJyZSU]HV\áRZ\FK
6WRVRZDQLH PDáHM ZDUWRĞFL ZVSyáF]\QQLND SURMHN
WRZHJR D Z NRQVHNZHQFML SRJUXELDQLH ĞFLDQNL JD]RFLą
JX SR]ZDOD QD RVLąJQLĊFLH Z\PDJDQHJR RNUHVX VWDQX
]GDWQRĞFL LQVWDODFML RUD] EH]SLHF]HĔVWZD MHM IXQNFMRQR
ZDQLD-HGQDNWHRULDLGREUDSUDNW\NDDQDOL]\U\]\NDSUR
FHVRZHJRQDND]XMąVWRVRZDQLH]DVDG\$/$53DQJ
$V
/RZ$V5HDVRQDEO\3UDFWLFDEOHR]QDF]DMąFHMWDNLGREyU
ĞURGNyZ]PQLHMV]DMąF\FKU\]\NRIXQNFMRQRZDQLDRELHNWX
WHFKQLF]QHJR NWyU\ MHVW SRZV]HFKQLH VWRVRZDQ\ ] GR
EU\PVNXWNLHPLMHGQRF]HĞQLHQLHJHQHUXMHQDGPLHUQ\FK
QLHX]DVDGQLRQ\FKQDNáDGyZ¿QDQVRZ\FK
-DN Z\QLND ] SU]HJOąGX UHJXODFML SUDZQ\FK L VWDQ
GDUGyZ WHFKQLF]Q\FK VWRVRZDQ\FK Z NUDMDFK (XURS\
SUDNW\F]QD UHDOL]DFMD ]DVDG\ $/$53 R]QDF]D VWRVR
ZDQLH ZLĊNV]\FK ZDUWRĞFL ZVSyáF]\QQLND SURMHNWRZHJR
ZSRUyZQDQLX]GODJD]RFLąJyZZNODVLHORNDOL]D
FML2GSRZLDGDMąFQDS\WDQLHSRVWDZLRQHZW\WXOHSXQNWX
QLHSRKDPRZDQH]ZLĊNV]DQLHJUXERĞFLĞFLDQNLJD]RFLąJX
SU]HV\áRZHJR QLH PRĪH E\ü X]QDQH ]D MHG\Q\ LZ SHáQL
X]DVDGQLRQ\ VSRVyE ]DSHZQLHQLD EH]SLHF]HĔVWZD XĪ\W
NRZDQLDLQVWDODFMLSU]HV\áRZHMJD]X]LHPQHJR
3RGVXPRZDQLH
5R]EXGRZ\ZDQ\ V\VWHP JD]RFLąJyZ SU]HV\áRZ\FK
Z3ROVFH]SHZQRĞFLąSRZLQLHQE\üQRZRF]HVQ\EH]SLHF]Q\
LQLH]DZRGQ\XZ]JOĊGQLDMąF\DVSHNW\HNRQRPLF]QHLĞURGR
ZLVNRZH6WRVRZDQHWHFKQRORJLHEXGRZ\LHNVSORDWDFMLJD]R
FLąJyZSU]HV\áRZ\FKZ3ROVFHQLHVąRGPLHQQHRGVSRW\ND
Q\FKZLQQ\FKNUDMDFK8(SRQLHZDĪ5]HF]SRVSROLWD3ROVND
MDNRSHáQRSUDZQ\F]áRQHN8(SRVLDGDVZRERGQ\GRVWĊSGR
DNWXDOQLHVWRVRZDQ\FKQRZRF]HVQ\FKPDWHULDáyZWHFKQRORJLL
Z\WZDU]DQLDUXULFKPRQWDĪXDWDNĪHVSHFMDOLVW\F]Q\FKXVáXJ
]ZLą]DQ\FK]V]HURNRUR]XPLDQ\PJD]RZQLFWZHP:]ZLą]
NX ] SRZ\ĪV]\P QLHX]DVDGQLRQD Z\GDMH VLĊ NRQLHF]QRĞü
VWRVRZDQLD RGPLHQQ\FK ]DVDG Z\PLDURZDQLD JD]RFLąJyZ
SURZDG]ąF\FKGRSU]HZ\PLDURZDQLDJUXERĞFLĞFLDQHNDW\P
VDP\P SRQRV]HQLD GRGDWNRZ\FK QLHX]DVDGQLRQ\FK QDNáD
GyZLQZHVW\F\MQ\FK&RZLĊFHMUR]ZLą]DQLHWDNLHSURZDG]L
W\ONR WHRUHW\F]QLH GR SRSUDZ\ EH]SLHF]HĔVWZD NRQVWUXNFML
]DSHZQLDMąFZ\ĪV]\ZVSyáF]\QQLNEH]SLHF]HĔVWZDSU]\MHG
QRF]HVQ\PZ]URĞFLHSUDZGRSRGRELHĔVWZDZ\VWąSLHQLDZDG
PDWHULDáRZ\FKLUR]U]XWXZáDVQRĞFLPHFKDQLF]Q\FKUXU
3LOQąSRWU]HEąMHVWRNUHĞOHQLHQDV]F]HEOXSDĔVWZD
GRSXV]F]DOQHJR SR]LRPX U\]\ND
Z RGQLHVLHQLX GR VLHFL
JD]RZ\FKDZV]F]HJyOQRĞFLJD]RFLąJyZSU]HV\áRZ\FK
-DNZVSRPQLDQRMXĪZF]HĞQLHMLVWRWQ\PSDUDPHWUHPWHFK
QLF]Q\P GHWHUPLQXMąF\P SRGVWDZRZH FHFK\ JD]RFLąJX
SU]HV\áRZHJRMHVWZVSyáF]\QQLNSURMHNWRZ\
3RSU]HSURZDG]RQHMDQDOL]LHZDUWRĞFLZVSyáF]\QQLNyZ
SURMHNWRZ\FKVWRVRZDQ\FKZUyĪQ\FKNUDMDFKĞZLDWDWZLHUG]L
P\ĪHGDOV]HVWRVRZDQLHZVSyáF]\QQLNDSURMHNWRZHJRQLH
PD X]DVDGQLHQLD WHFKQLF]QHJR DQL HNRQRPLF]QHJR 8ZDĪD
P\ĪHMHJRZDUWRĞü]ELHĪQD
]ZDUWRĞFLDPLVWRVRZDQ\PLZLQ
Q\FKNUDMDFK8(PD[SRZLQQDSRMDZLüVLĊGRFHORZR
ZUR]SRU]ąG]HQLX0LQLVWUD*RVSRGDUNLZVSUDZLHZDUXQNyZ
WHFKQLF]Q\FK MDNLP SRZLQQ\ RGSRZLDGDü VLHFL JD]RZH L LFK
5852&,Ą*,1U
XV\WXRZDQLHEH]PQRĪHQLDNODVORNDOL]DF\MQ\FK:\GDMHVLĊ
ZVND]DQHMDNRUR]ZLą]DQLHGRUDĨQHRSUDFRZDQLHGRNXPHQ
WX]DZLHUDMąFHJRV]F]HJyáRZHZ\W\F]QHPLQLVWHUVWZDXPRĪOL
ZLDMąFHZáDĞFLZąLQWHUSUHWDFMĊSU]HSLVyZZ\PLDURZDQLHJD]R
FLąJyZZ]DNUHVLHVSUĊĪ\VWRSODVW\F]Q\PL]DEH]SLHF]DMąFH
SU]HG SU]HZ\PLDURZDQLHP JUXERĞFL ĞFLDQNL :\PDJDQ\ SR
]LRPEH]SLHF]HĔVWZD]ZáDV]F]DQDWHUHQDFKNZDOL¿NRZDQ\FK
GRNODV\ORNDOL]DFMLSRZLQLHQE\üRVLąJDQ\LSRWZLHUG]DQ\
SRSU]H] ]DVWRVRZDQLH RGSRZLHGQLFK SURFHGXU GLDJQRVW\F]
Q\FK±SU]HSURZDG]DQLHSUyEVSHFMDOQ\FKW]ZSU]HSUĊĪDQLH
JD]RFLąJXRUD]EDGDQLHSU]\XĪ\FLXWáRNyZGLDJQRVW\F]Q\FK
/LWHUDWXUD
1RUP\LSU]HSLV\SUDZQH
>@ 5R]SRU]ąG]HQLH0LQLVWUD*RVSRGDUNL]GQLDOLSFD
U Z VSUDZLH ZDUXQNyZ WHFKQLF]Q\FK MDNLP SR
ZLQQ\ RGSRZLDGDü VLHFL JD]RZH '] 8 QU SR]
>@ $60(%*DV7UDQVPLVVLRQDQG'LVWULEXWLRQ
3LSLQJ6\VWHP
>@ 310 *D]RFLąJL L LQVWDODFMH JD]RZQLF]H
2EOLF]HQLDZ\WU]\PDáRĞFLRZH
>@ 31(16\VWHP\GRVWDZ\JD]X5XURFLąJL
RPDNV\PDOQ\PFLĞQLHQLXURERF]\PSRZ\ĪHMEDU
:\PDJDQLDIXQNFMRQDOQH
>@ ',1 6WDKOURKUH %HUHFKQXQJ GHU :DQGGLFNH
YRQ6WDKOURKUHQJHJHQ,QQHQGUXFN
>@ ',1*DVOHLWXQJHQDXV6WDKOURKUHQPLW]XODHV
VLJHQ%HWULHEVGUXHFNHQYRQPHKUDOVEDU$QIRUGH
UXQJHQDQGLH5RKUOHLWXQJVWHLOH
>@ ,*(07' 6WHHO SLSHOLQHV IRU KLJK SUHVVXUH JDV
WUDQVPLVVLRQ
>@ 3'&RGHRISUDFWLFHIRUSLSHOLQHV6WHHOSLSH
OLQHVRQODQG
>@ ³(YDOXDWLRQRI3LSHOLQH'HVLJQ)DFWRUV´E\7KH+DUW
IRUG6WHDP%RLOHU,QVSHFWLRQDQG,QVXUDQFH&RPSDQ\
SUHSDUHGIRU*$65(6($5&+,167,787(
>@3URMHNW UR]SRU]ąG]HQLD 0LQLVWUD *RVSRGDUNL Z VSUD
ZLHZDUXQNyZWHFKQLF]Q\FKMDNLPSRZLQQ\RGSRZLD
GDüVLHFLJD]RZHLLFKXV\WXRZDQLHZHUVMD
:RMFLHFK$XJXVW\QDEVROZHQWZ\G]LDáXPHFKDQLF]QHJR3ROLWHFKQLNL:URFáDZVNLHMVSHFMDO
QRĞü3RMD]G\/ąGRZH:+RXVWRQ&RPPXQLW\&ROOHJH86$RGE\á6WXGLD]DRF]QHRFKDUDNWH
U]HRJyOQ\PDNDGHPLFNLPZ8QLYHUVLW\RI+RXVWRQ86$8]\VNDáW\WXá%60(,QĪ\QLHU0HFKD
QLNRVSHFMDOQRĞFLEXGRZDLHNVSORDWDFMDPDV]\Q:ODWDFKSUDFRZDáZ:LOVRQ0RKU
,QFQDVWDQRZLVNX$V\VWHQWD,QĪ\QLHUD±]DMPRZDáVLĊ3URMHNWRZDQLHPUXURZ\FKLQVWDODFMLSDOL
ZRZ\FKGRSLHFyZNRWáyZHQHUJHW\F]Q\FKEĊGąF\FKF]ĊĞFLąXNáDGyZDXWRPDW\F]QHMUHJXODFML
FLĞQLHQLDLSU]HSá\ZXJáyZQLHGODSRWU]HESU]HP\VáXSHWURFKHPLF]QHJRRUD]SURJUDPRZDQLHP
VWHURZQLNyZPLNURSURFHVRURZ\FK3/&QDNRQWUDNFLHZ&RKHUHQW7HFKQRORJLHV,QF
+RXVWRQMDNR,QĪ\QLHU(OHNWURPHFKDQLN±2SUDFRZ\ZDQLHGRNXPHQWDFMLWHFKQLF]QHMSU]\U]ąGX
$FFX*DJH VáXĪąFHJR GR SRPLDUyZ Z\VRNRĞFL FLHF]\ Z ]ELRUQLNDFK UD¿QHU\MQ\FK EĊGąFHJR
ZID]LHEDGDĔLUR]ZRMX.ROHMQ\NRQWDNWZODWDFKZ1LJHULL,/)&RQVXOWLQJ(QJLQH
HUV7HUPLQDO5RS\1DIWRZHM(NHWQDVWDQRZLVNX3URMHNWDQWDSURMHNWRZDáLQVWDODFMHJD]RZH
LZRGRFLąJRZH]JRGQLH]QRUPDPLDPHU\NDĔVNLPL3RSRZURFLH]1LJHULL]DMPRZDáVLĊSURMHN
WRZDQLHP LQVWDODFML VDQLWDUQ\FK RUD] XU]ąG]HĔ SU]HP\VáRZ\FK Z ¿UPLH 7UDQV&$' :URFáDZ
: %6L3* *$=2352-(.7 6$ RG U MHVW VSHFMDOLVWą GV REOLF]HĔ Z\WU]\PDáRĞFLRZ\FK
±DV\VWRZDáZSURMHNWRZDQLXWáRF]QLJD]XXV\WXRZDQ\FKZ=DPEURZLH6]DPRWXáDFK&LHFKDQR
ZLHZ-HOHQLRZLHL.U]\ZHMVWDFMLUHGXNF\MQRSRPLDURZ\FKL]HVSRáyZ]DSRURZRXSXVWRZ\FK
:\NRQ\ZDáREOLF]HPQLDZ\WU]\PDáRĞFLRZHJD]RFLąJyZRUD]LQVWDODFMLZ\VRNLHJRFLĞQLHQLDUX
URFLąJyZSDOLZRZ\FKRUD]HOHPHQWyZNV]WDáWRZ\FK2SUDFRZ\ZDáZDUXQNLWHFKQLF]QHZ\NR
QDQLDLRGELRUXJD]RFLąJyZZFRUD]Z\W\F]Q\FKSURMHNWyZSUyEZ\WU]\PDáRĞFLUXURFLąJyZGOD
RELHNWyZF]ĊĞFLNXEDWXURZ\FKLOLQLRZHM
:RMFLHFK'XGHNDEVROZHQW3ROLWHFKQL:URFáDZVNLHMQDZ\G]LDOHPHFKDQLF]Q\PVSHFMDOQRĞü±
'LDJQRVW\NDL(NVSORDWDFMD0DV]\Q6WXGLDSRG\SORPRZHQDÄ%H]SLHF]HĔVWZRSURFHVyZSU]HP\
VáRZ\FK´QD3ROLWHFKQLFHàyG]NLHM:\G]LDá,QĪ\QLHULL3URFHVRZHML2FKURQ\ĝURGRZLVND2G
]DWUXGQLRQ\Z3D)D:DJQDVWDQRZLVNXNRQVWUXNWRUD2GZ%6L3**$=2352-(.76$
:URFáDZ-DNR.LHURZQLN=HVSRáX$QDOL]1XPHU\F]Q\FK]DMPXMHVLĊRSUDFRZ\ZDQLHPPRGHOL
LZ\NRQ\ZDQLHPREOLF]HĔZ\WU]\PDáRĞFLRZ\FK0(6JD]RFLąJyZSU]HV\áRZ\FKLRELHNWyZNX
EDWXURZ\FKSURMHNWRZDQ\FKRELHNWyZJD]RZQLF]\FKPLQ6\VWHPX*D]RFLąJyZ7UDQ]\WRZ\FK
-DPDá(XURSD DQDOL]\ VNXWNyZ ¿]\F]Q\FK DZDU\MQ\FK XZROQLHĔ JD]X ]LHPQHJR Z SURJUDPLH
3KDVW3URIHVVLRQDORSUDFRZ\ZDQLHPGRNXPHQWyZEH]SLHF]HĔVWZD±5DSRUWyZREH]SLHF]HĔ
VWZLH:HZQĊWU]Q\FKSODQyZRSHUDF\MQRUDWRZQLF]\FKGODRELHNWyZJD]RZQLF]\FK