&RRSHU 5LYHU %ULGJHV
7\SLFDO EXLOGLQJV RQ 4XHHQ VWUHHW
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·W KDYH D VLPLODU RSSRUWXQLW\ WR UHPDLQ DFWLYH DIWHU UHWLUH PHQW $QG ZK\ QRW JLYH WKHP FRQWLQXHG RSSRUWXQLWLHV WR OHDUQ DV ZHOO" %DFN LQ WKH 8 6 .QRZOWRQ VKDUHG VWRULHV RI KLV WUDYHOV ZLWK %LDQFR WKHQ GLUHFWRU RI UHVLGHQWLDO OLIH DW WKH 8QLYHUVLW\ RI 1HZ +DPSVKLUH :K\ VKRXOG ROGHU $PHULFDQV EH H[SHFWHG WR GLVDSSHDU TXLHWO\ LQWR D PXQGDQH UHWLUHPHQW" %LDQFR DIWHU KHDULQJ DERXW .QRZOWRQ·V H[SHULHQFHV VDLG LQ D EXUVW RI HQWKXVLDVP ´7KLV FDPSXV RXJKW QRW WR EH KDYLQJ D \RXWK KRVWHO LW RXJKW WR EH KDYLQJ DQ HOGHU KRVWHO µ 7KH QDPH ZDV ERUQ DQG D OHDUQLQJ SURJUDP ZDV FRQFHLYHG WKDW FRPELQHG VWLPXODWLQJ QRW IRU FUHGLW FODVVHV RQ D ZLGH YDULHW\ RI VXEMHFWV ZLWK FRPIRUWDEOH LQH[SHQVLYH ORGJ LQJV 7RGD\ (OGHUKRVWHO KDV HYROYHG DV DQ RUJDQL]DWLRQ DQG VR KDYH RXU SUR JUDPV DQG SDUWLFLSDQWV 6LQFH RXU ¿UVW SURJUDPV DW ¿YH FROOHJHV DQG XQLYHUVLWLHV LQ 1HZ +DPSVKLUH LQ WRGD\·V 5RDG 6FKRODU SURJUDPV LQFOXGH DQ H[WUDRUGLQDU\ UDQJH RI WRSLFV IRUPDWV DQG ORFDWLRQV LQ HYHU\ VWDWH LQ WKH 8 6 LQ FRXQWULHV DQG DERDUG VKLSV DQG VDLOLQJ YHV VHOV RQ ZDWHUZD\V WKURXJKRXW WKH ZRUOG 7KH ´KRVWHOµ ORGJLQJ RI PRUH WKDQ \HDUV DJR KDV JLYHQ ZD\ WR WRGD\·V FRPIRUWDEOH KRWHOV LQQV DQG RWKHU PRUH OX[XULRXV \HW DIIRUGDEOH DFFRPPRGDWLRQV $W WKH KHDUW RI WRGD\·V RUJDQL]DWLRQ DUH WKH SDUWLFLSDQWV ZKR DUH OLIHORQJ OHDUQHUV HQJDJHG LQ SURJUDPV WKDW IRVWHU FDPDUDGHULH DQG D VHQVH RI FRPPXQLW\
([LVWLQJ SDUNLQJ ORW WR EHFRPH WKH VLWH
7KH 2EMHFWLYH
)DFDGH VWXG\ ZLWK FRQWH[W ZLQGRZ SDWWHUQ
7R JHQHUDWH D GHVLJQ WKDW LV FRQFHUQHG ZLWK DGMDFHQ FLHV VL]HV DQG ORFDWLRQV RI DOO WKH SURJUDPPDWLF HOH PHQWV LQ D ZD\ WKDW ¿WV ZHOO LQ WKH VXUURXQGLQJ FRQ WH[W 0LPLFNLQJ WKH VWUXFWXUHV RI WKH SDVW LV QRW WKH RQO\ RSWLRQ DQ DUFKLWHFW KDV LI KH LV WR GHVLJQ LQ D FLW\ WKDW KDV D ULFK KLVWRULFDO VHWWLQJ , FUHDWHG D VWUXFWXUH WKDW DHVWKHWLFDOO\ ZDV FRPSOHWHO\ GLIIHUHQW IURP WKH H[LVWLQJ DQG \HW LW EHFRPHV SDUW RI WKH XUEDQ IDEULF E\ UHVSHFWLQJ WKH SDUDPHWHUV VHW E\ WKH H[LVW LQJ IDEULF QRW WKH IRUP RI WKH VWUXFWXUHV WKDW PDNH XS WKH IDEULF
)DFDGH VWXG\
)DFDGH VWXG\ ZLWK EULGJH HOHPHQW
6NHWFKHV RI EULGJH HOHPHQW
7KH (OGHUKRVWHO 7KH (OGHUKRVWHO RUJDQL]DWLRQ LV LQWHUHVWHG LQ HVWDEOLVKLQJ D EDVH RI RSHUDWLRQ LQ WKH FLW\ RI &KDUOHVWRQ 6RXWK &DUROLQD WR VSRQVRU QDWLRQDO DQG LQWHUQDWLRQDO WUDYHO DQG VWXG\ SURJUDPV 7KH SURJUDP ZLOO EH RSHQ WR DQ\RQH RYHU WKH DJH RI IRFXVLQJ RQ &KDUOHVWRQ·V KLVWRU\ DQG FXOWXUH DQG UDQJH IURP OHFWXUHV PXVHXP WRXUV IRRG ZLQH WDVWLQJV WR FURVV FRXQWU\ ELNLQJ FDQRHLQJ DQG ZKLWH ZDWHU UDIWLQJ 7KH SURJUDP FRQVLVWV RI D PHHWLQJ KDOO WKDW ZRXOG KRXVH EDQTXHWV DQG VHUYH DV D SOHDVDQW JDWKHULQJ VSDFH IRU SHRSOH LQYROYHG LQ WKH SURJUDP 7KHUH ZLOO DOVR EH D PDMRU GLVSOD\ JDOOHU\ VSDFH ZKHUH H[KLELWLRQV UHODWHG WR WKH SURJUDP ZRXOG EH KRXVHG +RXVLQJ IRU WKH SUHVHQWHUV ZLOO EH SURYLGHG DQG D ZLQJ ZLWK DGPLQLVWUDWLYH RI¿FHV LV DOVR QHFHVVDU\
%XLOGLQJ LQ FRQWH[W
%XLOGLQJ LQ FRQWH[W
)LUVW )ORRU 3ODQ > @
3URJUDP
(QWU\ /REE\ ; ,QIRUPDWLRQ &HQWHU 5HVWURRPV
0HHWLQJ +DOO ; 0DLQ +DOO )RRG 3UHSDUDWLRQ 6WRUDJH 6SDFH
6HPLQDU 5RRPV ; VHPLQDU URRPV
'LVSOD\ ; *DOOHU\
/LEUDU\ ; 5HDGLQJ 5RRP /LEUDULDQ &RXQWHU
$GPLQLVWUDWLYH 2I多FH ; 6HFUHWDU\ 6XLWH %RRNNHHSHU 2I多FH 'LUHFWRU 2I多FH $VVLVWDQW 'LUHFWRU 2I多FH 6PDOO &RQIHUHQFH 5RRP 6WRUDJH 5RRPV
3UHVHQWHUV +RXVLQJ ; VWXGLR DSDUWPHQWV
6HFRQG )ORRU 3ODQ > @
7KLUG )ORRU 3ODQ > @
6WUXFWXUDO 0RGHO
7KH &RQFHSW 7KH VLJQL¿FDQFH RI WKH &RRSHU 5LYHU %ULGJHV LV WKH PDLQ DSSURDFK , KDYH XVHG WR UHODWH P\ GHVLJQ ZLWK WKH ULFK KLVWRULF OHJDF\ RI WKH FLW\ RI &KDUOHVWRQ 7KH PDLQ IXQFWLRQ RI WKHVH KLVWRULF ODQGPDUNV LV WR FRQQHFW WKH FLW\ RI &KDUOHVWRQ WR WKH UHVW RI WKH ZRUOG 0\ FRQ FHSW LV EDVHG RQ WKH IDFW WKDW WKH PDLQ SXUSRVH RI WKLV IDFLOLW\ LV WR FRQQHFW LWV YLVL WRUV WR WKH FLW\ RI &KDUOHVWRQ DQG LW·V KLVWRU\ 7KH PDLQ IXQFWLRQV RI WKH EXLOGLQJ DUH FRQQHFWHG WRJHWKHU E\ D VWHHO IUDPH PRGHOHG DIWHU WKH %ULGJH WKDW VWDUWV DW WKH IDo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