<=B
FDVH VWXG\
+,3 )27 +, ,)Ç$&, 2+!"/+ J )"* +% K : ¯ ² ±
¯¦ : 0HGLDQWH D XWLOL]D©¥R GH PRGHUQRV VLVWHPDV GH FRQWUROR GD (QHUJLD SRGHUHPRV DXPHQWDU R FRQIRUWR QD LOXPLQD©¥R H UHGX]LU R FRQVXPR GH HQHUJLD 2 UHVXOWDGR « VXUSUHHQGHQWH FXV WRV RSHUDFLRQDLV UHGX]LGRV 'H XPD IRUPD JHUDO QDV LQVWDOD©·HV HGX FDWLYDV EDVWD WURFDU D WHFQRORJLD OXPLQ£ULDV SDUD TXH KDMD GHVGH ORJR XP PDLRU FRQIRUWR QD LOXPLQD©¥R PDLRU GXUD©¥R GD SUµSULD O¤P SDGD H LQWHUYDORV GH PDQXWHQ©¥R PDLV SUR ORQJDGRV $ DOWHUD©¥R GH EDODVWURV IHUURPDJ Q«WLFRV H RX O¤PSDGDV IOXRUHVFHQWHV 7 SDUD EDODVWURV HOHWUµQLFRV H O¤PSDGDV 7 SRGHP RULJLQDU SRXSDQ©DV HP FHUFD GH D QR FRQVXPR 6H D HVWDV DOWHUD©·HV DGLFLRQDUPRV XP FRQWUROR DXWRP£WLFR GH JHVW¥R GH LOXPLQD©¥R FXMD DWXD©¥R « IHLWD HP IXQ©¥R GD SUHVHQ©D RX Q¥R GRV XWLOL]DGRUHV H WDPE«P GD H[LV W¬QFLD GH OX] QDWXUDO GHQWUR GH OLPLWHV SU« GH ͤQLGRV HP UHJLPH GH 2Q 2II HVWD SRXSDQ©D SRGH DWLQJLU YDORUHV GD RUGHP GRV D UHODWLYDPHQWH ¢ VROX©¥R RULJLQDO &DVR RSWHPRV SRU XPD JHVW¥R GH LOX PLQD©¥R PDLV HODERUDGD FRP UHJXOD©¥R GH IOX[R OXPLQRVR GDV OXPLQ£ULDV HP IXQ©¥R GH VHQVRUHV GH OXPLQRVLGDGH LQVWDODGRV H FRP LVVR REWHPRV XP HTXLO¯EULR HP FRQW¯QXR HQ WUH OX] QDWXUDO H OX] DUWLͤFLDO D SRXSDQ©D UHOD WLYDPHQWH ¢ VROX©¥R EDVH SRGH DWLQJLU YDORUHV QD RUGHP GRV )RL FRP EDVH QRV SUHVVXSRVWRV DFLPD UHIHULGRV TXH R &RO«JLR 6XQGHUQ VLWXDGR QD $OHPDQKD GHFLGLX LQWURGX]LU QDV VXDV VDODV GH DXOD OXPLQ£ULDV 7ULOX[ $ JUDQGH SRXSDQ©D DWLQJLGD FHUFD GH Q¥R VH IH] HVSHUDU
ZZZ RHOHFWULFLVWD SW R HOHFWULFLVWD
/XPLQ£ULD &RQVXPR GR VLVWHPD SRU OXPLQ£ULD
,QVWDO $QWLJD
1RYD ,QVWDO
[ : .9*
[ : (9*
:
:
1¼PHUR GH OXPLQ£ULDV SRU DXOD
4XDQWLGDGH WRWDO GH $XODV
&RQVXPR GR VLVWHPD SRU DXOD
:
:
&RQVXPR WRWDO GR VLVWHPD
N:
N:
3RXSDQ©D SRU JHVW¥R GD LOXPLQD©¥R .LORZDWWV SRXSDQ©D SRU DQR
̰
N:K
N:K
3RWHQFLDO SRXSDQ©D
.LORZDWWV SRU KRUD DQXDOPHQWH SRXSDGRV
N:K
3RXSDQ©D GH FXVWRV
͍ 7RQHODGDV
&2 3RXSDQ©D DQXDO &2 &RUUHVSRQGHQWH ¢ HPLVV¥R GRV DXWRPµYHLV
NP
&2 (TXLYDOHQWH ¢ SRXSDQ©D GH £UYRUHV FRUWDGDV
UYRUHV
&£OFXOR EDVHDGR QR FXVWR GH 0HUFDGR GH &HQW SRU N:K
35,1&,3$,6 5(68/7$'26 2%7,'26 '( $&25'2 &20 2 &8672 '( 0(5&$'2 $/(0 2
$QWHV GD UHQRYD©¥R D VLWXD©¥R HUD D VH JXLQWH H[LVWLD XP VLVWHPD GH LOXPLQD©¥R HTXL SDGR FRP EDODVWURV IHUURPDJQ«WLFRV FRQYHQ FLRQDLV $VVLP QDV VDODV GH DXOD DQDOLVDGDV RV VLVWHPDV GH LOXPLQD©¥R HVWDYDP REVROHWRV H GHYHULDP VHU UHDELOLWDGRV XPD YH] TXH VH YHULͤFDYD XP HOHYDGR FRQVXPR GH HQHUJLD GH YLGR ¢ LOXPLQD©¥R PXLWR DQWLJD FRP OXPLQ£ ULDV [ : SRU VDOD GH DXOD $ SURSRVWD GD 7ULOX[ SDVVRX SHOD VXEVWLWXL ©¥R GDV OXPLQ£ULDV H[LVWHQWHV SRU OXPLQ£ULDV 7ULOX[ $WLULRQ [ : FRP EDODVWURV HOHWUµQL FRV UHJXO£YHLV (9* H SHOD LOXPLQD©¥R JHULGD GH DFRUGR FRP D OX] QDWXUDO H FRP FRQWUROR GH SUHVHQ©D 75,/8; /LJKWJDWH 3OXV 2V UHVXOWDGRV IDODP SRU VL PHOKR ULD GD TXDOLGDGH GD LOXPLQD©¥R DWUDY«V GD
RWLPL]D©¥R GR VLVWHPD GH LOXPLQD©¥R HFRQR PLD DGLFLRQDO GH HQHUJLD JUD©DV D XPD JHVW¥R PRGHUQD H HͤFD] FRP FRQWUROR GH LOXPLQD©¥R FRQVWDQWH H XPD SRXSDQ©D GH HQHUJLD GH ͍ DQR 'H DFRUGR FRP .LUN :LQNOHU GR 'HSDUWDPHQWR GH (FRQRPLD GR &RO«JLR 6XQGHUQ ̸JUD©DV DRV QRYRV VLVWHPDV GH LOX PLQD©¥R HFRQRPL]£PRV XPD JUDQGH TXDQWL GDGH GH HQHUJLD FXVWRV H &2 (VWD UHQRYD©¥R EHQHͤFLRX R PHLR DPELHQWH R DPELHQWH HVFR ODU H D DSUHQGL]DJHP DVVLP FRPR FRQWULEXLX SDUD XPD LPSRUWDQWH HFRQRPLD GH HQHUJLD ̹ /7; ̰ ,OXPLQD©¥R 7«FQLFD 6 $ 7HO y )D[ JHUDO#OW[ SW y ZZZ OW[