Gebruiksaanwijzing XEROX WORKCENTRE PRO 412

JeHandleiding biedt een gemeenschapsdienst van aandeel, archivering on line en van opzoeking van documentatie betreffende het gebruik van materialen of software : handleiding, gebruiksaanwijzing, installatiegids, technisch handboek… VERGEET NIET: ALTIJD DE HANDLEIDING LEZEN ALVORENS TE KOPEN!
Welk reserveonderdeel zoekt u?

Indien de inhoud van dit document met de handleiding overeenstemt, met de gebruiksaanwijzing, met de instructielijst, de installatielijst, of gebruikerslijst, met de handboek, met de montageschema of met de gids die u zoekt, aarzel niet die te teleladen. JeHandleiding laat u toe gemakkelijk toegang te hebben tot de informaties over de gebruiksaanwijzing XEROX WORKCENTRE PRO 412. Wij hopen dat dit XEROX WORKCENTRE PRO 412 handleiding nut zal zijn voor jou.

JeHandleiding laat toe de gebruiksaanwijzing XEROX WORKCENTRE PRO 412 te teleladen.


Mode d'emploi XEROX WORKCENTRE PRO 412
Download

U mag de volgende handleidingen teleladen die in verband staan met dit product :

   XEROX WORKCENTRE PRO 412 QUICK START GUIDE (341 ko)
   XEROX WORKCENTRE PRO 412 (2321 ko)
   XEROX WORKCENTRE PRO 412 ALOITUSOPAS (444 ko)
   XEROX WORKCENTRE PRO 412 QUICK START (341 ko)
   XEROX WORKCENTRE PRO 412 INFORMATION SHEET (372 ko)
   XEROX WORKCENTRE PRO 412 QUICK START GUIDE (341 ko)

Handleiding samenvatting: gebruikershandleiding XEROX WORKCENTRE PRO 412

Uitgebreide gebruiksaanwijzingen staan in de gebruikershandleiding.

[. . . ] [. . . ] (LJHQVFKDSSHQ VHOHFWHUHQ RI KHW SULQWHUSLFWRJUDP LQ GH PDS 3ULQWHUV VHOHFWHUHQ HQ PHW GH UHFKWHUPXLVNQRS NOLNNHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh## YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh#% YrXx8rrQ# !Chqyrvqvtqrtrivxr 'LW KRRIGVWXN EHYDW LQIRUPDWLH RYHU GH IXQFWLH )D[HQ HQ RYHU GH EHVFKLNEDUH WRHSDVVLQJHQ (U ZRUGHQ VWDSYRRUVWDS LQVWUXFWLHV JHJHYHQ YRRU KHW YHU]HQGHQ HQ RQWYDQJHQ YDQ ID[HQ PHW DOOH EHVFKLNEDUH WRHSDVVLQJHQ HQ IXQFWLHV 'H YROJHQGH RQGHUZHUSHQ ZRUGHQ EHKDQGHOG )D[HQ SURFHGXUH . LHVPHWKRGHQ )D[ RQWYDQJHQ 6WDQGDDUGID[WRHSDVVLQJHQ *HDYDQFHHUGH ID[WRHSDVVLQJHQ )D[RYHU]LFKWHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh$ )D[HQ )D[HQ )D[HQ SURFHGXUH 6QHOOH URXWH 'H RULJLQHOHQ SODDWVHQ 'H WRHWV . RSLs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htvh$! YrXx8rrQ# !Chqyrvqvtqrtrivxr FDUERQSDSLHU RI SDSLHU PHW HHQ DFKWHUYHO YDQ FDUERQ JHFRDW SDSLHU FHOORIDDQ RI GXQ SDSLHU JHULPSHOG RI JHNUHXNW SDSLHU JHNUXOG RI JHUROG SDSLHU JHVFKHXUG SDSLHU *HHQ GRFXPHQWHQ SODDWVHQ GLH EHVWDDQ XLW YHUVFKLOOHQGH IRUPDWHQ RI JHZLFKWHQ 230(5. , 1* , QGLHQ XZ GRFXPHQW LQ HHQ YDQ GH]H FDWHJRULHs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh$# YrXx8rrQ# !Chqyrvqvtqrtrivxr &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLsUHQ)D[HQ 6FDQQHQ@ RS KHW EHGLHQLQJ VSDQHHO KHUKDDOGHOLMN LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ RS GH RQGHUVWH UHJHO YDQ KHW /&' YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ 7RHWV . RSLsUHQ)D[HQ 7RHWV 6HOHFWHUHQ 6FDQQHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh$$ )D[HQ 'H WRHWV . RSLs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htvh$% YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh$' YrXx8rrQ# !Chqyrvqvtqrtrivxr (U ]LMQ YHUVFKLOOHQGH NLHVPHWKRGHQ EHVFKLNEDDU RS GH :RUN&HQWUH 3UR . LH]HQ PHW GH DDQWDOWRHWVHQ 'H YROJHQGH LQVWUXFWLHV JHEUXLNHQ RP GH ID[ WH YHU]HQGHQ YLD NLH]HQ PHW GH DDQWDOWRHWVHQ +HW GRFXPHQWGH GRFXPHQWHQ PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' SODDWVHQ RI HHQ HQNHO GRFXPHQW PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW SODDWVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLsUHQ)D[HQ6FDQQHQ@ LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ 0HW GH DDQWDOWRHWVHQ KHW WHOHIRRQQXPPHU YDQ KHW H[WHUQH ID[DSSDUDDW LQYRHUHQ >6WDUW@ LQGUXNNHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh$( )D[HQ . LHVPHWKRGHQ 6QHONLH]HQ 8 NXQW PD[LPDDO QXPPHUV RSVODDQ RS HHQ RI WZHHFLMIHULJH VQHONLHVORFDWLHV 1XPPHU YRRU VQHONLH]HQ RSVODDQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLs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htvh$ YrXx8rrQ# !Chqyrvqvtqrtrivxr +HW GRFXPHQWGH GRFXPHQWHQ PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' SODDWVHQ RI HHQ HQNHO GRFXPHQW PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW SODDWVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLsUHQ)D[HQ6FDQQHQ@ LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ 'H JHZHQVWH WRHSDVVLQJHQ YRRU GH RSGUDFKW SURJUDP PHUHQ >6QHONLH]HQ@ RS KHW EHGLHQLQJVSDQHHO LQGUXNNHQ +HW VQHONLHVQXPPHU LQYRHUHQ >6WDUW@ LQGUXNNHQ +HW ID[QXPPHU GDW RS GH VQHONLHVORFDWLH LV RSJHVODJHQ ZRUGW DXWRPDWLVFK JHNR]HQ ZDQQHHU KHW H[WHUQH ID[DSSDUDDW DQWZRRUGW ZRUGW KHW GRFXPHQW YHU]RQGHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh$ )D[HQ 6QHONLH]HQ JHEUXLNHQ *URHSVNLH]HQ YRRU YHU]HQGLQJ QDDU PHHUGHUH DGUHVVHQ 6QHONLHVQXPPHUV NXQQHQ LQ HHQ JURHS ZRUGHQ VDPHQ JHYRHJG 'RRU KHW JURHSVQXPPHU WH JHEUXLNHQ NXQW X HHQ GRFXPHQW LQ ppQ EHZHUNLQJ QDDU PHHUGHUH SHUVRQHQ YHU]HQGHQ 'H QXPPHUV ZRUGHQ GRRU KHW DSSDUDDW LQ GH RSJHVODJHQ YROJRUGH JHNR]HQ , QGLHQ KHW QXPPHU EH]HW LV ZRUGW KHW YROJHQGH QXPPHU JHNR]HQ HQ QDGDW DOOH QXPPHUV ]LMQ JHNR]HQ ZRUGW DXWRPDWLVFK KHW QXPPHU JHNR]HQ GDW HHUGHU EH]HW ZDV $OYRUHQV GH]H WRHSDVVLQJ NDQ ZRUGHQ JHEUXLNW GLHQHQ GH JURHSVQXPPHUV WH ZRUGHQ JHFR|UGLQHHUG HQ RSJHVODJHQ 6QHONLHVQXPPHUV DDQ HHQ JURHS WRHZLM]HQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLs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htvh$ ! YrXx8rrQ# !Chqyrvqvtqrtrivxr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sUHQ)D[HQ6FDQQHQ@ LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ >0HQX$IVOXLWHQ@ RS KHW EHGLHQLQJVSDQHHO LQGUXNNHQ +HW HHUVWH PHQX 6<67((0*(*(9(16 ZRUGW ZHHUJHJHYHQ RI LQGUXNNHQ WRWGDW *52(36. , (=(1 ZRUGW ZHHUJHJHYHQ HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ RI LQGUXNNHQ RP %(:(5. (1 WH VHOHFWHUHQ HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ +HW JURHSVQXPPHU LQYRHUHQ GDW X ZLOW EHZHUNHQ HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ (U ZRUGW JHYUDDJG HHQ VQHONLHVQXPPHU LQ WH YRHUHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh$ # YrXx8rrQ# !Chqyrvqvtqrtrivxr 'H]H WRHSDVVLQJ JHEUXLNHQ RP GH GRFXPHQWHQ QDDU PHHUGHUH ORFDWLHV WH YHU]HQGHQ 1D KHW YHU]HQGHQ ZRUGHQ GH GRFXPHQWHQ DXWRPDWLVFK XLW KHW JHKHXJHQ JHZLVW +HW GRFXPHQWGH GRFXPHQWHQ PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' SODDWVHQ RI HHQ HQNHO GRFXPHQW PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW SODDWVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLs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ppQ ORFDWLH PRHW ]HQGHQ RI YDQ PHHU GDQ ppQ ORFDWLH PRHW RQWYDQJHQ GDQ NXQQHQ HU QX JHHQ DQGHUH ID[QXPPHUV ZRUGHQ LQJHYRHUG >6HOHFWHUHQ@ LQGUXNNHQ HQ HHQ DQGHU ID[QXPPHU LQYRHUHQ YLD GH DDQWDOWRHWVHQ 8 NXQW RRN >6QHONLH]HQ@ LQGUXNNHQ HHQ VQHONLHVQXPPHU LQYRHUHQ HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ 8 NXQW JHHQ JURHSVQXPPHUV YRRU HHQ DQGHU ID[QXPPHU JHEUXLNHQ +HW QXPPHU ZRUGW ZHHUJHJHYHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh$ $ )D[HQ +DQGPDWLJ JURHSVNLH]HQ >6HOHFWHUHQ@ LQGUXNNHQ RP KHW QXPPHU WH EHYHVWLJHQ >0HQX$IVOXLWHQ@ LQGUXNNHQ RP QDDU HHQ ORFDWLH WH ]HQGHQ RI ZDQQHHU GH LQVWHOOLQJ YDQ KHW ODDWVWH ID[QXPPHU LV YROWRRLG +HW GRFXPHQW ZRUGW Yyy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htvh$ % YrXx8rrQ# !Chqyrvqvtqrtrivxr +HW GRFXPHQWGH GRFXPHQWHQ PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' SODDWVHQ RI HHQ HQNHO GRFXPHQW PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW SODDWVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLs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sUHQ)D[HQ6FDQQHQ@ LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ >3DX]H2SQLHXZ NLH]HQ@ LQGUXNNHQ , QGLHQ HU HHQ GRFXPHQW LV JHSODDWVW LQ GH $2' RI RS GH JODVSODDW EHJLQW KHW DSSDUDDW DXWRPDWLVFK PHW YHU]HQGHQ =RHNHQ LQ KHW JHKHXJHQ YDQ 2SQLHXZ NLH]HQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLsUHQ)D[HQ6FDQQHQ@ LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ >3DX]H2SQLHXZ NLH]HQ@ VHFRQGHQ LQGUXNNHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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sLQGLJG GH SHUVRRQ RS GH H[WHUQH ORFDWLH YUDJHQ KHW ID[DSSDUDDW WH VWDUWHQ HQ RS WH KDQJHQ 'H HHUVWH ID[WRQHQ ZRUGHQ GRRU KHW H[WHUQH ID[DS SDUDDW YHU]RQGHQ :DFKWHQ WRWGDW X GH ID[WRRQ YDQ KHW H[WHUQH DSSDUDDW KRRUW 'H GRFXPHQWHQ LQ GH $2' SODDWVHQ >6WDUW@ LQGUXNNHQ HQ GH KRRUQ RSOHJJHQ Qhtvh$ ' YrXx8rrQ# !Chqyrvqvtqrtrivxr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sUHQ LV LV GH WRHWV +DQGPDWLJ NLH]HQ QLHW JHDFWLYHHUG &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh$! YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh$!! YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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s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htvh$!# YrXx8rrQ# !Chqyrvqvtqrtrivxr 8 NXQW KHW DSSDUDDW LQVWHOOHQ RP HHQ ID[ RS HHQ ODWHU WLMGVWLS WH YHU]HQGHQ X KRHIW ]HOI QLHW DDQZH]LJ WH ]LMQ +HW GRFXPHQWGH GRFXPHQWHQ PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' SODDWVHQ RI HHQ HQNHO GRFXPHQW PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW SODDWVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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yy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htvh$!% YrXx8rrQ# !Chqyrvqvtqrtrivxr 8 NXQW GRFXPHQWHQ WRHYRHJHQ DDQ GH XLWJHVWHOGH YHU]HQGLQJ GLH HHUGHU LV RSJHVODJHQ LQ KHW JHKHXJHQ YDQ KHW DSSDUDDW +HW GRFXPHQWGH GRFXPHQWHQ PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' SODDWVHQ RI HHQ HQNHO GRFXPHQW PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW SODDWVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh$!& )D[HQ 'RFXPHQWHQ WRHYRHJHQ DDQ HHQ XLWJHVWHOGH YHU]HQGLQJ 3ULRULWHLW YHU]HQGHQ :DQQHHU 3ULRULWHLW YHU]HQGHQ LV LQJHVFKDNHOG NDQ HHQ GRFXPHQW PHW KRJH SULRULWHLW YyyU JHUHVHUYHHUGH EHZHUNLQJHQ ZRUGHQ YHU]RQGHQ +HW GRFXPHQW ZRUGW LQ KHW JHKHXJHQ JHVFDQG HQ YHU]RQGHQ ZDQQHHU GH KXLGLJH EHZHUNLQJ LV EHsLQGLJG 'DDUQDDVW RQGHUEUHHNW HHQ YHU]HQGLQJ PHW SULRU LWHLW HHQ URQG]HQGEHZHUNLQJ WXVVHQ VWDWLRQV GZ] ZDQQHHU YHU]HQGLQJ QDDU VWDWLRQ $ LV EHsLQGLJG HQ YRRU YHU]HQGLQJ QDDU VWDWLRQ % EHJLQW RI WXVVHQ SRJLQJHQ RP HHQ QXPPHU RSQLHXZ WH NLH]HQ +HW GRFXPHQWGH GRFXPHQWHQ PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' SODDWVHQ RI HHQ HQNHO GRFXPHQW PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW SODDWVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLsUHQ)D[HQ6FDQQHQ@ LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ 'H JHZHQVWH WRHSDVVLQJHQ YRRU GH RSGUDFKW SURJUDP PHUHQ >0HQX$IVOXLWHQ@ RS KHW EHGLHQLQJVSDQHHO LQGUXNNHQ RI LQGUXNNHQ WRWGDW 35, 25, 7 9(5= YHUVFKLMQW HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ +HW QXPPHU YDQ KHW H[WHUQH DSSDUDDW YLD GH DDQWDOWRHWVHQ LQYRHUHQ 8 NXQW RRN 6QHONLH]HQ LQGUXNNHQ HHQ VQHONLHVQXPPHU LQYRHUHQ HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ +HW QXPPHU ZRUGW ZHHUJHJHYHQ >6HOHFWHUHQ@ LQGUXNNHQ RP KHW QXPPHU WH EHYHVWLJHQ (U ZRUGW JHYUDDJG HHQ , ' LQ WH YRHUHQ , QGLHQ X HHQ QDDP DDQ GH YHU]HQGLQJ ZLOW WRHZLM]HQ GH QDDP LQYRHUHQ $QGHUV GH]H VWDS RYHUVODDQ 9RRU LQIRUPDWLH RYHU KHW LQYRHUHQ YDQ HHQ QDDP YLD GH DDQWDOWRHWVHQ +RRIGVWXN 3URGXFWRYHU]LFKW RS SDJLQD UDDGSOHJHQ Qhtvh$!' YrXx8rrQ# !Chqyrvqvtqrtrivxr +HW GRFXPHQW ZRUGW LQ KHW JHKHXJHQ JHVFDQG Yyy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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh$!( )D[HQ >6HOHFWHUHQ@ LQGUXNNHQ +HW GRFXPHQWGH GRFXPHQWHQ PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' SODDWVHQ RI HHQ HQNHO GRFXPHQW PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW SODDWVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ GH WLMG ZRUGHQ ZHHUJHJHYHQ )$;PRGH , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLs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htvh$" YrXx8rrQ# !Chqyrvqvtqrtrivxr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sUHQ)D[HQ6FDQQHQ@ LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ >0HQX$IVOXLWHQ@ RS KHW EHGLHQLQJVSDQHHO LQGUXNNHQ RI LQGUXNNHQ WRWGDW 32//(1 YHUVFKLMQW HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ RI LQGUXNNHQ RP 8, 767 217932/ WH VHOHFWHUHQ HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh$"! YrXx8rrQ# !Chqyrvqvtqrtrivxr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s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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh$"# YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh$"$ )D[HQ 0XOWLFRPPXQLFDWLHRYHU]LFKW 'LW RYHU]LFKW ZRUGW DXWRPDWLVFK DIJHGUXNW QD KHW YHU]HQGHQ RI RQWYDQJHQ YDQ GRFXPHQWHQ QDDU RI YDQ PHHUGHUH ORFDWLHV Qhtvh$"% YrXx8rrQ# !Chqyrvqvtqrtrivxr 'H :RUN&HQWUH 3UR LV XLWJHUXVW PHW HHQ 7UXH &RORU VFDQQHU ZDDUPHH NOHXUHQJUDILHNHQ IRWRV DIEHHOGLQJHQ HQ DIJHGUXNWH WHNVW NXQQHQ ZRUGHQ JHUHSURGXFHHUG 'LW KRRIGVWXN RPYDW :RUN&HQWUH 3UR 7:$, 1VFDQQHUSURJUDPPD 6FDQQHQ SURFHGXUH 6WDQGDDUGVFDQDSSOLFDWLH FRQILJXUHUHQ 6WDQGDDUGVFDQWRHSDVVLQJHQ *HDYDQFHHUG VFDQQHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh% 6FDQQHQ 6FDQQHQ :RUN&HQWUH 3UR 7:$, 1VFDQQHUSURJUDPPD +HW :RUN&HQWUH 3UR 7:$, 1VFDQQHUSURJUDPPD ZRUGW JHEUXLNW YRRU KHW VFDQQHQ YDQ GRFXPHQWHQ HQ IRWRV 8 NXQW EHSDOHQ ZHON JHGHHOWH YDQ HHQ GRFXPHQW ZRUGW JHVFDQG HQ GH KHOGHUKHLG HQ KHW FRQWUDVW GH NOHXUEDODQV GH UHVROXWLH HQ YHOH DQGHUH VFDQQHULQVWHOOLQJHQ LQVWHOOHQ 'H]H LQVWHOOLQJHQ ZRUGHQ YROOHGLJ EHVFKUHYHQ LQ GH +HOS IXQFWLH YDQ KHW VFDQQHUSURJUDPPD Qhtvh%! YrXx8rrQ# !Chqyrvqvtqrtrivxr 6QHOOH URXWH 'H RULJLQHOHQ SODDWVHQ +HW SURJUDPPD 6FDQQHQ 'H WRHWV . RSLs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh%" 6FDQQHQ 6FDQQHQ SURFHGXUH JHULPSHOG RI JHNUHXNW SDSLHU JHNUXOG RI JHUROG SDSLHU JHVFKHXUG SDSLHU *HHQ GRFXPHQWHQ SODDWVHQ GLH EHVWDDQ XLW YHUVFKLOOHQGH IRUPDWHQ RI JHZLFKWHQ 230(5. , 1* , QGLHQ XZ GRFXPHQW LQ HHQ YDQ GH]H FDWHJRULHs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htvh%# YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh%$ 6FDQQHQ *ODVSODDW +HW SURJUDPPD 6FDQQHQ QDDU 3& XLWYRHUHQ &RQWUROHUHQ RI KHW SURJUDPPD 6FDQQHQ QDDU 3& ZRUGW XLWJHYRHUG 2S GH :LQGRZV >6WDUW@WRHWV NOLNNHQ HQ YHUYROJHQV 3URJUDPPDV !6FDQQHQ QDDU 3& VHOHFWHUHQ 'H WRHWV . RSLsUHQ)D[HQ6FDQQHQ LQGUXNNHQ &RQWUROHUHQ RI RS KHW /&' . /$$5 9 6&$11(1 ZRUGW ZHHUJHJHYHQ , QGLHQ GLW QLHW KHW JHYDO LV GH WRHWV >. RSLsUHQ)D[HQ 6FDQQHQ@ RS KHW EHGLHQLQJ VSDQHHO KHUKDDOGHOLMN LQGUXNNHQ WRWGDW 6&$102'( ZRUGW ZHHUJH JHYHQ RS GH RQGHUVWH UHJHO YDQ KHW /&' YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ 7RHWV . RSLsUHQ)D[HQ 7RHWV 6HOHFWHUHQ 6FDQQHQ Qhtvh%% YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh%' YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh% YrXx8rrQ# !Chqyrvqvtqrtrivxr 'H]H RSWLH JHEUXLNHQ RP KHW FRQWUDVW YDQ KHW JHVFDQGH EHHOG DDQ WH SDVVHQ >/LFKWHUGRQNHUGHU@ RS KHW EHGLHQLQJVSDQHHO LQGUXNNHQ RP GH KXLGLJH LQVWHOOLQJ ZHHU WH JHYHQ >/LFKWHUGRQNHUGHU@ KHUKDDOGHOLMN LQGUXNNHQ RP GRRU GH NHX]HV WH VFKXLYHQ 8 NXQW XLW FRQWUDVWLQVWHOOLQJHQ NLH]HQ (ONH NHHU GDW X GH WRHWV LQGUXNW JDDW KHW VHOHFWLHEORNMH QDDU OLQNV RI UHFKWV $OV KHW VHOHFWLHEORNMH QDDU UHFKWV ZRUGW YHUSODDWVW ZRUGW KHW FRQWUDVW GRQNHUGHU >6HOHFWHUHQ@ LQGUXNNHQ RP GH VHOHFWLH RS WH VODDQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh% ! YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh% " 6FDQQHQ *HDYDQFHHUG VFDQQHQ Qhtvh% # YrXx8rrQ# !Chqyrvqvtqrtrivxr 2S JH]HWWH WLMGHQ GLHQW DDQ KHW DSSDUDDW RQGHUKRXG WH ZRUGHQ XLWJHYRHUG , Q GLW KRRIGVWXN ZRUGHQ VWDSYRRUVWDS LQVWUXFWLHV JHJHYHQ YRRU RQGHUKRXG DDQ KHW DSSDUDDW HQ KHW YHUYDQJHQ YDQ YHUEUXLNVDUWLNHOHQ , Q GLW KRRIGVWXN ZRUGW KHW YROJHQGH EHVSURNHQ 5HLQLJHQ 9HUEUXLNVDUWLNHOHQ EHVWHOOHQ 'RRU NODQW YHUYDQJEDUH HHQKHGHQ 3DSLHU SODDWVHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh&! YrXx8rrQ# !Chqyrvqvtqrtrivxr :DQQHHU GH JODVSODDW VFKRRQ LV ZRUGHQ KHU NRSLHs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh&" 2QGHUKRXG YDQ KHW SURGXFW *ODVSODDW HQ DIGHNNOHS UHLQLJHQ 9HUEUXLNVDUWLNHOHQ EHVWHOOHQ 'H WRQHUFDVVHWWH HQ DIGUXNPRGXOH NXQQHQ GRRU GH JHEUXLNHU ZRUGHQ YHUYDQJHQ 'H RQGHUGHHOQXPPHUV ZRUGHQ KLHURQGHU ZHHUJHJHYHQ 9HUYDQJEDUH HHQKHLG 2QGHUGHHOQXPPHU (XURSD 7RQHUFDVVHWWH $IGUXNPRGXOH 5 5 96 HQ &DQDGD 5 5 9HUEUXLNVDUWLNHOHQ EHVWHOW X GRRU FRQWDFW RS WH QHPHQ PHW KHW ;HUR[ :HOFRPH &HQWHU %LM GH EHVWHOOLQJ GLHQW X XZ EHGULMIV QDDP KHW SURGXFWQXPPHU HQ KHW ELMEHKRUHQGH VHULHQXPPHU GRRU WH JHYHQ +LHURQGHU NXQW X KHW WHOHIRRQQXPPHU QRWHUHQ 7HOHIRRQQXPPHU YRRU KHW EHVWHOOHQ YDQ YHUEUXLNVDUWLNHOHQ 7HO BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB Qhtvh&# YrXx8rrQ# !Chqyrvqvtqrtrivxr 7RQHUFDVVHWWH 9HUZDFKWH OHYHQVGXXU 'H OHYHQVGXXU YDQ GH WRQHUFDVVHWWH LV DIKDQNHOLMN YDQ GH KRHYHHOKHLG WRQHU GLH ZRUGW JHEUXLNW YRRU GH DIGUXNRS GUDFKWHQ :DQQHHU X ELMYRRUEHHOG HHQ QRUPDOH ]DNHOLMNH EULHI DIGUXNW PHW HHQ SDJLQDEHGHNNLQJ YDQ RQJHYHHU LV GH YHUZDFKWH OHYHQVGXXU RQJHYHHU SDJLQDV SDJLQDV YRRU GH WRQHUFDVVHWWH GLH ELM KHW DSSDUDDW LV JHOHYHUG +HW HLJHQOLMNH DDQWDO NDQ YDULs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh&% YrXx8rrQ# !Chqyrvqvtqrtrivxr +HW YRRUSDQHHO RSHQHQ 'H RQWJUHQGHOLQJVKHQGHO RPKRRJ GUDDLHQ RP GH WRQHU FDVVHWWH WH RQWJUHQGHOHQ 'H WRQHUFDVVHWWH XLW KHW DSSDUDDW KDOHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh&' YrXx8rrQ# !Chqyrvqvtqrtrivxr 'H JHEUXLNWH FDVVHWWH QDDU EXLWHQ WUHNNHQ 'H QLHXZH WRQHUFDVVHWWH YLHU RI YLMIPDDO KRUL]RQWDDO VFKXGGHQ 'H YHUSDNNLQJ EHZDUHQ YRRU YHU]HQGLQJ 'H QLHXZH WRQHUFDVVHWWH QDDU ELQQHQ VFKXLYHQ WRWGDW GH]H YHUJUHQGHOW 'H YHUJUHQGHOLQJVKHQGHO QDDU EHQHGHQ GUDDLHQ WRW GH]H YDVW]LW +HW YRRUSDQHHO HQ YHUYROJHQV KHW ]LMSDQHHO VOXLWHQ +HW DSSDUDDW NHHUW WHUXJ LQ GH PRGH 6WDQGE\ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh& YrXx8rrQ# !Chqyrvqvtqrtrivxr 'H DIGUXNPRGXOH GLHQW WH ZRUGHQ YHUYDQJHQ ZDQQHHU LQ HHQ EHULFKW KHW HLQGH YDQ GH OHYHQVGXXU ZRUGW ZHHUJHJHYHQ 'LW LV QD RQJHYHHU NRSLHs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh& 2QGHUKRXG YDQ KHW SURGXFW $IGUXNPRGXOH $IGUXNPRGXOH YHUYDQJHQ 'H OHYHQVGXXU YDQ GH DIGUXNPRGXOH LV RQJHYHHU NRSLHsQ 2S KHW /&' ZRUGW '580:$$56&+8:, 1* ZHHUJHJHYHQ ZDQQHHU KHW HLQGH YDQ GH OHYHQVGXXU ELMQD LV EHUHLNW (U NXQQHQ QRJ RQJHYHHU NRSLHsQ ZRUGHQ JHPDDNW PDDU X GLHQW HHQ YHUYDQJHQGH PRGXOH RS YRRUUDDG WH KHEEHQ :DQQHHU '580 9(59$1*(1 ZRUGW ZHHUJH JHYHQ VWRSW KHW DSSDUDDW WRWGDW GH DIGUXNPRGXOH LV YHUYDQJHQ +HW ]LMSDQHHO HQ YHUYROJHQV KHW YRRUSDQHHO RSHQHQ +HW ]LMGHNVHO GLHQW RSHQ WH ]LMQ DOYRUHQV KHW ]LMSDQHHO NDQ ZRUGHQ JHRSHQG 'H RQWJUHQGHOLQJVKHQGHO QDDU ERYHQ GUDDLHQ RP GH WRQHUFDVVHWWH ORV WH PDNHQ HQ GH]H YHUYROJHQV YHUZLM GHUHQ Qhtvh& ! YrXx8rrQ# !Chqyrvqvtqrtrivxr 230(5. , 1* 'H WRQHUFDVVHWWH GLHQW WH ZRUGHQ YHUZLMGHUG RP GH DIGUXNPRGXOH WH NXQQHQ YHUYDQJHQ 'H JHEUXLNWH DIGUXNPRGXOH YHUZLMGHUHQ 'H QLHXZH DIGUXNPRGXOH XLW GH YHUSDNNLQJ KDOHQ HQ RS GH SODDWV VFKXLYHQ +HW RSSHUYODN YDQ GH DIGUXN PRGXOH QLHW DDQUDNHQ 'H WRQHUFDVVHWWH WHUXJS ODDWVHQ HQ GH KHQGHO YHUJUHQ GHOHQ +HW YRRUSDQHHO HQ YHUYROJHQV KHW ]LMSDQHHO VOXLWHQ +HW DSSDUDDW NHHUW WHUXJ LQ GH PRGH 6WDQGE\ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh& # YrXx8rrQ# !Chqyrvqvtqrtrivxr E , QGLHQ HU YHHO SDSLHUVWRULQJHQ RSWUHGHQ pp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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh& $ 2QGHUKRXG YDQ KHW SURGXFW D 1DDU JHODQJ GH SDSLHUGLNWH NDQ GH PD[LPXPFDSDFLWHLW PLQGHU ZRUGHQ 'H GUXNSODDW QDDU EHQHGHQ GXZHQ WRW GH]H YDVWNOLNW 'H DFKWHUVWH SDSLHUJHOHLGHU LQVWHOOHQ RS KHW JHZHQVWH SDSLHUIRUPDDW 'H]H LV YRRULQJHVWHOG RS $ IRUPDDW RI [ LQFK LG L FO LIO A4 LT R 2P HHQ DQGHU IRUPDDW WH SODDWVHQ GH DFKWHUVWH JHOHLGHU RSWLOOHQ HQ LQ GH MXLVWH SRVLWLH SODDWVHQ $FKWHUVWH JHOHLGHU Qhtvh& % YrXx8rrQ# !Chqyrvqvtqrtrivxr +HW SDSLHU XLWZDDLHUHQ HQ LQ GH FDVVHWWH SODDWVHQ , QGLHQ EULHIKRRIGSDSLHU ZRUGW JHSODDWVW GLW PHW KHW RQWZHUS RPKRRJ SODDWVHQ 'H ERYHQVWH UDQG YDQ KHW YHO PHW KHW ORJR GLHQW DDQ GH UHFKWHUNDQW WH ZRUGHQ JHSODDWVW YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh& & 2QGHUKRXG YDQ KHW SURGXFW &RQWUROHUHQ RI KHW SDSLHU RQGHU GH XLWVWHHNVHOV LV JHSODDWVW 8LWVWHHNVHO 'H SDSLHUVWDSHO PDJ QLHW ERYHQ GH PD[ YXOOLMQ XLWNRPHQ 0D[ YXOOLMQ Qhtvh& ' YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh&! YrXx8rrQ# !Chqyrvqvtqrtrivxr 'H KDQGPDWLJH LQYRHU DDQ GH UHFKWHUNDQW YDQ KHW DSSDUDDW RPODDJ EUHQJHQ 'H YHUOHQJLQJ DOV JHWRRQG XLWNODSSHQ 3DSLHU VWHXQ +DQGPDWLJH LQYRHU (HQ VWDSHO SDSLHU RI HQYHO RSSHQ YRRUEHUHLGHQ GRRU GH]H HHQ SDDU PDDO RP WH EXLJHQ 'H VWDSHO RS HHQ SODW RSSHUYODN UHFKW WLNNHQ 7, 3 7UDQVSDUDQWHQ ELM GH UDQGHQ YDVWKRXGHQ ]RGDW GH DIGUXN]LMGH QLHW ZRUGW DDQJHUDDNW +XLGROLH DINRPVWLJ YDQ XZ YLQJHUV GLH WHUHFKW NRPW RS GH WUDQVSDUDQWHQ NDQ SUREOHPHQ PHW GH DIGUXNNZDOLWHLW YHURRU]DNHQ +HW DIGUXNPDWHULDDO PHW GH DIGUXN]LMGH RPODDJ HQ WHJHQ GH UHFKWHUNDQW YDQ GH FDVVHWWH SODDWVHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh&!! YrXx8rrQ# !Chqyrvqvtqrtrivxr 'H YROJHQGH ULFKWOLMQHQ LQ DFKW KRXGHQ ELM KHW VHOHFWHUHQ RI SODDWVHQ YDQ SDSLHU HQYHORSSHQ RI DQGHU VSHFLDDO DIGUXN PDWHULDDO :DQQHHU ZRUGW DIJHGUXNW RS YRFKWLJ JHNUXOG JHNUHXNW RI JHVFKHXUG SDSLHU NXQQHQ SDSLHUVWRULQJHQ RI HHQ VOHFKWH DIGUXNNZDOLWHLW KHW JHYROJ ]LMQ $OOHHQ NRSLHHUSDSLHU YDQ HHQ KRJH NZDOLWHLW JHEUXLNHQ *HHQ SDSLHU JHEUXLNHQ PHW UHOLs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh&!# YrXx8rrQ# !Chqyrvqvtqrtrivxr 1LHW PHHU GDQ ppQ YHO HWLNHWWHQ WHJHOLMN LQ KHW DSSDUDDW LQYRHUHQ 'H NOHYHQGH DFKWHU]LMGH LV RQWZRUSHQ YRRU ppQ GRRUYRHU GRRU KHW SURGXFW *HHQ HWLNHWWHQ JHEUXLNHQ GLH ORV]LWWHQ YDQ KHW DFKWHUYHO RI GLH JHNUHXNW ]LMQ RI EREEHOV EHYDWWHQ RI DQGHUV]LQV ]LMQ EHVFKDGLJG YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh&!$ 2QGHUKRXG YDQ KHW SURGXFW &RQWUROHUHQ RI HU WXVVHQ GH HWLNHWWHQ JHHQ NOHYHQG PDWHULDDO ]LFKWEDDU LV %ORRWJHVWHOGH JHELHGHQ NXQQHQ WRW JHYROJ KHEEHQ GDW HWLNHWWHQ ORVUDNHQ WLMGHQV KHW DIGUXNNHQ KHWJHHQ SDSLHUVWRULQJHQ WRW JHYROJ NDQ KHEEHQ 'LW NDQ VFKDGH DDQ GH RQGHUGHOHQ YDQ KHW DSSDUDDW YHURRU]DNHQ Qhtvh&!% YrXx8rrQ# !Chqyrvqvtqrtrivxr 'LW KRRIGVWXN EHYDW LQIRUPDWLH RYHU KHW RSORVVHQ YDQ SUREOHPHQ GLH ELM GH :RUN&HQWUH 3UR NXQQHQ RSWUHGHQ , Q GLW KRRIVWXN YLQGW X WDEHOOHQ PHW IRXWEHULFKWHQ HQ IRXWFRGHV SUREOHPHQ HQ PRJHOLMNH RSORVVLQJHQ , Q GLW KRRIGVWXN ZRUGW KHW YROJHQGH EHKDQGHOG 'RFXPHQWVWRULQJHQ 3DSLHUVWRULQJHQ ;HUR[ :HOFRPH &HQWHU EHOOHQ )RXWEHULFKWHQ RS /&' 3UREOHPHQ RSORVVHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh' $OJHPHQH SUREOHPHQ RSORVVHQ $OJHPHQH SUREOHPHQ RSORVVHQ 'RFXPHQWVWRULQJHQ , QGLHQ HHQ GRFXPHQW WLMGHQV LQYRHULQJ YLD GH $2' YDVWORRSW ZRUGW '2&80(176725, 1* ZHHUJHJHYHQ +LHURQGHU ZRUGW LQIRUPDWLH JHJHYHQ YRRU KHW RSORVVHQ YDQ GH GULH W\SHQ PRJHOLMNH SDSLHUVWRULQJHQ )RXWLHYH LQYRHU +HW ERYHQGHNVHO YDQ GH $2' RSHQHQ +HW GRFXPHQW YRRU]LFKWLJ QDDU UHFKWV XLW GH $2' WUHNNHQ +HW ERYHQGHNVHO YDQ GH $2' VOXLWHQ 'H GRFXPHQWHQ RSQLHXZ YLD GH $2' LQYRHUHQ Qhtvh'! YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh'# YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh'$ $OJHPHQH SUREOHPHQ RSORVVHQ +HW IRXWLHI LQJHYRHUGH SDSLHU YRRU]LFKWLJ YHUZLMGHUHQ LQ GH JHWRRQGH ULFKWLQJ 'H SDSLHUFDVVHWWH SODDWVHQ +HW DFKWHUVWH JHGHHOWH YDQ GH FDVVHWWH RPODDJ EUHQJHQ RP GH DFKWHUVWH UDQG RS HHQ OLMQ WH EUHQJHQ PHW GH ELMEH KRUHQGH VOHXI RS KHW DSSDUDDW HQ GH FDVVHWWH YHUYROJHQV YROOHGLJ QDDU ELQQHQ GXZHQ Qhtvh'% YrXx8rrQ# !Chqyrvqvtqrtrivxr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sQ WRW JHYROJ KHHIW +HW YDVWJHORSHQ SDSLHU LQ GH DDQJHWRRQGH ULFKWLQJ YHUZLM GHUHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh'& $OJHPHQH SUREOHPHQ RSORVVHQ )XVHU]RQH 'H IXVHUKHQGHO QDDU ERYHQ EUHQJHQ HQ KHW ]LMSDQHHO VOXLWHQ Qhtvh'' YrXx8rrQ# !Chqyrvqvtqrtrivxr , QGLHQ KHW SDSLHU LQ GH XLWYRHU]RQH LV YDVWJHORSHQ ZRUGW 3$3, (56725, 1* ZHHUJHJHYHQ 'H RQWJUHQGHOLQJVKHQGHO LQGUXNNHQ RP KHW ]LMSDQHHO WH RSHQHQ +HW YRRUSDQHHO RSHQHQ 'H IXVHUKHQGHO QDDU EHQHGHQ GUXNNHQ ]RDOV ZRUGW JHWRRQG +LHUGRRU ZRUGW GH GUXN RS KHW SDSLHU RSJHKHYHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh'( $OJHPHQH SUREOHPHQ RSORVVHQ 3DSLHUXLWYRHU]RQH 'H VWRULQJVKHQGHO LQ GH ULFKWLQJ YDQ GH SLMO GUDDLHQ RP KHW SDSLHU QDDU GH XLWYR HU]RQH WH YHUSODDWVHQ HQ KHW YHUYROJHQV YLD GH XLWYRHU]RQH YHUZLMGHUHQ 'H IXVHUKHQGHO RPKRRJ ]HWWHQ Qhtvh' YrXx8rrQ# !Chqyrvqvtqrtrivxr 'H VWRULQJVKHQGHO LQ GH RRUVSURQNHOLMNH VWDQG WHUXJ ]HWWHQ +HW YRRUSDQHHO HQ KHW ]LMSDQHHO VOXLWHQ 2 1 YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh' $OJHPHQH SUREOHPHQ RSORVVHQ 6WRULQJ LQ ]LMGLJH PRGXOH , QGLHQ HHQ SDSLHUVWRULQJ LQ GH ]LMGLJH PRGXOH RSWUHHGW ZRUGW '83/(; 6725, 1* ZHHUJHJHYHQ 'H RQWJUHQGHOLQJVKHQGHO LQGUXNNHQ RP KHW ]LMSDQHHO WH RSHQHQ +HW YDVWJHORSHQ SDSLHU YHUZLMGHUHQ +HW ]LMSDQHHO VOXLWHQ 6WRULQJ LQ +DQGPDWLJH LQYRHU 6725, 1* +$1'0$7, *( , 192(5 ZRUGW ZHHUJHJHYHQ ZDQQHHU KHW DSSDUDDW JHHQ SDSLHU ZDDUQHHPW LQ GH KDQGPDWLJH LQYRHU RPGDW KHW SDSLHU RS LV RI LQFRUUHFW LV JHSODDWVW ELM DIGUXNNHQ YLD GH KDQGPDWLJH LQYRHU 'H]H VWRULQJ NDQ RRN RSWUHGHQ ZDQQHHU KHW SDSLHU YLD GH KDQGPDWLJH LQYRHU QLHW FRUUHFW LV LQJHYRHUG LQ KHW DSSDUDDW , QGLHQ KHW EHULFKW 6725, 1* +$1'0$7, *( , 192(5 ZRUGW ZHHUJHJHYHQ HQ HU SDSLHU LV JHSODDWVW KHW SDSLHU XLW KHW DSSDUDDW WUHNNHQ HQ RSQLHXZ SODDWVHQ Qhtvh' ! YrXx8rrQ# !Chqyrvqvtqrtrivxr , QGLHQ KHW SUREOHHP DDQKRXGW FRQWDFW RSQHPHQ PHW KHW ;HUR[ :HOFRPH &HQWHU RI XZ ;HUR[OHYHUDQFLHU +HW VHULH QXPPHU YDQ KHW DSSDUDDW HQ HYHQWXHOH IRXWFRGHV ELM GH KDQG KRXGHQ ;HUR[ :HOFRPH &HQWHU RS SDJLQD UDDGSOHJHQ YRRU PHHU LQIRUPDWLH RYHU GH ORFDWLH YDQ KHW VHULHQXPPHU 7HOHIRRQQXPPHU YDQ KHW ;HUR[ :HOFRPH &HQWHU +HW WHOHIRRQQXPPHU YDQ KHW ;HUR[ :HOFRPH &HQWHU RI XZ ;HUR[OHYHUDQFLHU ZRUGW RYHUKDQGLJG ZDQQHHU KHW DSSDUDDW ZRUGW JHwQVWDOOHHUG 8 NXQW KHW WHOHIRRQQXPPHU KLHURQGHU QRWHUHQ ]RGDW X GLW LQ GH WRHNRPVW HHQYRXGLJ NXQW WHUXJYLQGHQ 7HOHIRRQQXPPHU :HOFRPH &HQWHU RI ;HUR[OHYHUDQFLHU 7HO BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB ;HUR[ :HOFRPH &HQWHU 1HGHUODQG ;HUR[ :HOFRPH &HQWHU %HOJLs YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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wQVWDOOHHUG +HW SDSLHU LQ GH SDSLHUFDVVHWWH LV RS 3DSLHU LV YDVWJHORSHQ LQ GH LQYRHU]RQH Qhtvh' # YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh' % YrXx8rrQ# !Chqyrvqvtqrtrivxr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sQ GRQNHUGHU WH PDNHQ , QGLHQ KHW RULJLQHHO WH GRQNHU LV GH WRHWV /LFKWHUGRQNHUGHU JHEUXLNHQ RP GH DFKWHUJURQG YDQ GH NRSLHsQ OLFKWHU WH PDNHQ , QGLHQ GH GHIHFWHQ RS KHW RULJLQHHO ]LWWHQ GH WRHWV /LFKWHUGRQNHUGHU LQGUXNNHQ RP GH DFKWHU JURQG YDQ GH NRSLHsQ OLFKWHU WH PDNHQ , QGLHQ GH GHIHFWHQ QLHW RS KHW RULJLQHHO ]LWWHQ GH JODVSODDW HQ GH RQGHU]LMGH YDQ GH DIGHNNOHS UHLQLJHQ &RQWUROHUHQ RI KHW RULJLQHHO FRUUHFW RS GH JODVSODDW LV JHSODDWVW &RQWUROHUHQ RI KHW NRSLHHUSDSLHU FRUUHFW LV JHSODDWVW &RQWUROHUHQ RI KHW RULJLQHHO PHW GH EHHOG]LMGH RPODDJ RS GH JODVSODDW RI PHW GH EHHOG]LMGH RPKRRJ LQ GH $2' LV JHSODDWVW . RSLHsQ ]LMQ WH OLFKW RI WH GRQNHU 6PHUHQ VWUHSHQ PDUNHULQJHQ RI YOHNNHQ RS NRSLHsQ *HNRSLHHUG EHHOG LV VFKHHI %ODQFR NRSLHsQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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sQ 2ULJLQHOHQ EHYDWWHQ DIEHHOGLQJHQ YROYODNNHQ RI PHW GH WRQHUFDVVHWWH ZRUGHQ GLNNH OLMQHQ 2ULJLQHOHQ ]LMQ IRUPXOLHUHQ QLHXZV JHPDDNW GDQ YHUZDFKW EULHYHQ ERHNHQ HQ] +HW DSSDUDDW LV YDDN LQ HQ XLWJHVFKDNHOG 'H DIGHNNOHS YDQ GH JODVSODDW LV RSHQ WLMGHQV KHW NRSLsUHQ Qhtvh' ' YrXx8rrQ# !Chqyrvqvtqrtrivxr 3UREOHHP +HW DSSDUDDW GUXNW QLHW DI 0RJHOLMNH RRU]DDN 'H , ((( SDUDO OHOOH NDEHO RI 86% NDEHO LV QLHW FRUUHFW DDQJHVORWHQ 'H , ((( SDUDO OHOOH NDEHO RI 86% NDEHO LV NDSRW 'H SRRUWLQVWHOOLQJ LV LQFRUUHFW $DQEHYROHQ RSORVVLQJ 'H NDEHODDQVOXLWLQJ FRQWUROHUHQ 'H NDEHO FRQWUROHUHQ RS HHQ FRPSXWHU HQ SULQWHU GLH ZHUNHQ , QGLHQ DIGUXNNHQ QLHW PRJHOLMN LV GH NDEHO YHUYDQJHQ 'H SULQWHULQVWHOOLQJHQ FRQWUROHUHQ LQ KHW :LQGRZV &RQILJXUDWLHVFKHUP HQ HUYRRU ]RUJHQ GDW GH DIGUXNRSGUDFKW QDDU GH FRUUHFWH SRRUW ZRUGW YHU]RQGHQ ELMYRRU EHHOG /37 &RQWUROHUHQ RI GH WRQHUFDVVHWWH HQ DIGUXNPRGXOH FRUUHFW ]LMQ JHwQVWDOOHHUG 'H VRIWZDUH RSQLHXZ LQVWDOOHUHQ 'H WRQHUFDVVHWWH HQ DIGUXNPRGXOH ]LMQ QLHW FRUUHFW JHwQVWDOOHHUG 'H SULQWHUGULYHU LV PRJHOLMN QLHW FRUUHFW JHwQVWDOOHHUG 'H VSHFLILFDWLHV YRRU GH SDUDOOHOOH SRRUW NDEHO ]LMQ PRJHOLMN QLHW FRUUHFW 'H KHOIW YDQ GH SDJLQD LV EODQFR 'H SDJLQDRSPDDN LV WH FRPSOH[ 'H SDJLQDULFKWLQJ LV PRJHOLMN QLHW FRUUHFW 'H , ((( SDUDOOHOOH SRRUWNDEHO JHEUXLNHQ GLH ELM KHW DSSDUDDW LV JHOHYHUG RI GH]H YHUYDQJHQ GRRU HHQ , (((FRPSDWLEHOH NDEHO 'H UHVROXWLH YHUODJHQ YDQ GSL QDDU GSL 0HHU 5$0 LQ GH FRPSXWHU LQVWDOOHUHQ 'H SDJLQDULFKWLQJ ZLM]LJHQ LQ KHW GLDORRJYHQVWHU PHW SULQWHULQVWHOOLQJHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh' ( $OJHPHQH SUREOHPHQ RSORVVHQ 2SORVVLQJHQ YRRU DIGUXNSUREOHPHQ 3UREOHHP $IGUXNNHQ JDDW WH ODQJ]DDP 0RJHOLMNH RRU]DDN 'H SDUDOOHOOH SRRUW YDQ GH FRPSXWHU LV PRJHOLMN QLHW LQJHVWHOG YRRU FRPPXQLFDWLH PHW KRJH VQHOKHLG , QGLHQ :LQGRZV ZRUGW JHEUXLNW LV GH VSRROLQVWHOOLQJ PRJHOLMN LQFRUUHFW LQJHVWHOG $DQEHYROHQ RSORVVLQJ , QGLHQ XZ FRPSXWHU LV XLWJHUXVW PHW HHQ SDUDOOHOOH (&3SRRUW GH]H ZHUNLQJVPRGH LQVFKDNHOHQ 'H SDUDJUDDI RYHU KHW LQVFKDNHOHQ YDQ KRJH VQHOKHLGSULQWHUFRPPXQLFDWLH LQ GH KDQGOHLGLQJ YDQ XZ 3& UDDGSOHJHQ 2S 6WDUW LQ GH WDDNEDON NOLNNHQ HQ YHUYROJHQV RS , QVWHOOLQJHQ 3ULQWHUV NOLNNHQ 0HW GH UHFKWHUPXLVNQRS RS KHW SLFWRJUDP YDQ KHW DSSDUDDW NOLNNHQ 2S (LJHQVFKDSSHQ NOLNNHQ HQ YHUYROJHQV RS VSRROLQVWHOOLQJHQ RS KHW WDEEODG 'HWDLOV 'H JHZHQVWH LQVWHOOLQJ XLW GH EHVFKLNEDUH NHX]HV VHOHFWHUHQ 0HHU 5$0 LQ XZ FRPSXWHU LQVWDOOHUHQ &RPSXWHU KHHIW PRJHOLMN QLHW YROGRHQGH JHKHXJHQ 5$0 $IGUXNRSGUDFKW LV WH JURRW 2QUHJHOPDWLJ YHUYDDJGH DIGUXNJHGHHOWHQ 5HVROXWLH YHUODJHQ YDQ GSL QDDU GSL (U LV HHQ SUREOHHP PHW $OOHHQ SDSLHU JHEUXLNHQ GDW YROGRHW DDQ GH SDSLHUNZDOLWHLW GH VSHFLILFDWLHV YRRU KHW SURGXFW 7RQHU LV RQUHJHOPDWLJ YHUGHHOG 'H WRQHUFDVVHWWH YHUZLMGHUHQ HQ YRRU] LFKWLJ VFKXGGHQ RP GH WRQHU JHOLMNPDWLJ WH YHUGHOHQ 'H WRQHUFDVVHWWH YHUYROJHQV ZHHU WHUXJSODDWVHQ =ZDUWH YOHNNHQ /HJH WHNHQV (U LV HHQ SUREOHHP PHW $OOHHQ SDSLHU JHEUXLNHQ GDW YROGRHW DDQ GH SDSLHUNZDOLWHLW GH VSHFLILFDWLHV YRRU KHW SURGXFW +HW SDSLHU LV PRJHOLMN WH GURRJ 3UREHUHQ DI WH GUXNNHQ PHW HHQ DQGHUH VWDSHO SDSLHU Qhtvh'! YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh'!! YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh'!" $OJHPHQH SUREOHPHQ RSORVVHQ $SSDUDDW KHUVWHOOHQ , QGLHQ X SUREOHPHQ RQGHUYLQGW RI LQGLHQ KHW DSSDUDDW YDVWORRSW NDQ KHW QRGLJ ]LMQ KHW DSSDUDDW WH KHUVWHOOHQ 'H YROJHQGH LQVWUXFWLHV JHEUXLNHQ YRRU KHUVWHOOHQ HQ RSQLHXZ RSVWDUWHQ YDQ KHW DSSDUDDW 230(5. , 1* 'H]H SURJUDPPHHUUHHNV GLHQW ELQQHQ VHFRQGHQ WH ZRUGHQ XLWJHYRHUG 'H WRHWV >:LVVHQ$OOHV ZLVVHQ@ LQGUXNNHQ 'H QDYLJDWLHWRHWV 'H QDYLJDWLHWRHWV LQGUXNNHQ LQGUXNNHQ 'H WRHWV >:LVVHQ$OOHV ZLVVHQ@ QRJPDDOV LQGUXNNHQ Qhtvh'!# YrXx8rrQ# !Chqyrvqvtqrtrivxr (U GLHQHQ YHUVFKLOOHQGH V\VWHHPLQVWHOOLQJHQ WH ZRUGHQ JHFRQ ILJXUHHUG DOYRUHQV GH :RUN&HQWUH 3UR WH JHEUXLNHQ &RQWURO&HQWUH LV RRN EHVFKLNEDDU RP KHW DSSDUDDW H[WHUQ LQ WH VWHOOHQ RS XZ 3& RI ZHUNVWDWLRQ 'H YROJHQGH RQGHUZHUSHQ ZRUGHQ EHKDQGHOG 6\VWHHPLQVWHOOLQJHQ /XLGVSUHNHUYROXPH DDQSDVVHQ , QVWHOOLQJHQ 6\VWHHPJHJHYHQV 2YHU]LFKWHQ *HKHXJHQ ZLVVHQ &RQWURO&HQWUH YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh( 6\VWHHP LQVWHOOHQ 6\VWHHP LQVWHOOHQ 6\VWHHPLQVWHOOLQJHQ , Q KHW PHQX 6\VWHHPLQVWHOOLQJHQ NXQW X YHUVFKLOOHQGH LQVWHOO LQJHQ RS KHW DSSDUDDW ZLM]LJHQ 2SWLHV YDQ 6\VWHHPLQVWHOOLQJHQ 2SWLH 2QWYDQJVWPRGH %HVFKULMYLQJ +HW DSSDUDDW LV LQJHVWHOG RP DXWRPDWLVFK HHQ ID[ WH RQWYDQJHQ (U ]LMQ YHUVFKLOOHQGH DQGHUH RQWYDQJVWPRGHV EHVFKLNEDDU 7(/ , Q GH PRGH 7(/ LV DXWRPDWLVFKH ID[EHDQWZRRUGLQJ HQ RQWYDQJVW XLWJHVFKDNHOG 2P HHQ ID[ KDQGPDWLJ WH RQWYDQJHQ GH KRRUQ RSQHPHQ RI +DQGPDWLJ NLH]HQ LQGUXNNHQ RP GH RSURHS WH DFFHSWHUHQ 8 KRRUW HHQ VWHP RI GH ID[WRRQ YLD KHW H[WHUQH DSSDUDDW 9HUYROJHQV >6WDUW@ LQGUXNNHQ HQ GH KRRUQ RSOHJJHQ )$; +HW DSSDUDDW EHDQWZRRUGW HHQ ELQQHQNRPHQGH RSURHS HQ VFKDNHOW RQPLGGHOOLMN RYHU RS GH ID[RQWYDQJVWPRGH 7(/)$; +HW DSSDUDDW EHDQWZRRUGW HHQ ELQQHQNRPHQGH RSURHS , QGLHQ HU JHHQ ID[VLJQDDO ZRUGW ZDDUJHQRPHQ LV HHQ ULQNHOHQGH WRRQ KRRUEDDU RP DDQ WH JHYHQ GDW HU HHQ JHVSUHN ELQQHQNRPW 2P KHW JHVSUHN WH EHDQWZRRUGHQ >6WDUW@ LQGUXNNHQ RS KHW EHGLHQLQJVSDQHHO HQ GH KRRUQ RSQHPHQ , QGLHQ GH KRRUQ QLHW ZRUGW RSJHQRPHQ WHUZLMO GH WHOHIRRQ ULQNHOW VFKDNHOW KHW DSSDUDDW DXWRPDWLVFK RYHU RS GH ID[RQWYDQJVWPRGH $17:)$; *HEUXLNHQ LQGLHQ HU HHQ DQWZRRUGDSSDUDDW LV DDQJHVORWHQ RS GH ;HUR[ :RUN&HQWUH 3UR , QGLHQ KHW DSSDUDDW HHQ ID[WRRQ ZDDUQHHPW ZRUGW DXWRPDWLVFK RYHUJH VFKDNHOG RS GH )$;PRGH 8 NXQW HHQ YRRUNLHVQXPPHU YDQ PD[LPDDO FLMIHUV LQVWHOOHQ 'LW NLHVQXPPHU ZRUGW JHNR]HQ YRRUGDW HHQ DXWRNLHVQXPPHU ZRUGW JHVWDUW 'LW LV KDQGLJ ELM EHOOHQ YLD HHQ FHQWUDOH 9RRUNLHVQU Qhtvh(! YrXx8rrQ# !Chqyrvqvtqrtrivxr 2SWLH 9ROXPH EHOVLJQDDO %HVFKULMYLQJ 8 NXQW KHW YROXPH YDQ KHW EHOVLJQDDO LQVWHOOHQ (U ]LMQ QLYHDXV EHVFKLNEDDU 8 KRRUW KHW JHVHOHFWHHUGH YROXPH HQ KHW QLYHDX ZRUGW RS KHW VFKHUP ZHHUJHJHYHQ 'RRU GH LQVWHOOLQJ ]RYHHO PRJHOLMN OLQNV LQ WH VWHOOHQ ZRUGW KHW EHOVLJQDDO XLWJH VFKDNHOG +HW DSSDUDDW ZHUNW QRUPDDO RRN DO LV KHW EHOVLJQDDO XLWJHVFKDNHOG :DQQHHU GH]H RSWLH LV LQJHVWHOG RS $$1 LV KHW DODUPVLJQDDO KRRUEDDU ELM HHQ IRXW RI ZDQQHHU ID[FRPPXQLFDWLH LV YROWRRLG :DQQHHU GH]H RSWLH LV LQJHVWHOG RS $$1 LV HHQ WRHWVJHOXLG KRRUEDDU ELM KHW LQGUXNNHQ YDQ HHQ WRHWV 8 NXQW GH OXLGVSUHNHU RS $$1 8, 7 RI &20 LQVWHOOHQ :DQQHHU GH]H RSWLH LV LQJHVWHOG RS &20 VWDDW GH OXLGVSUHNHU DDQ WRWGDW KHW H[WHUQH DSSDUDDW DQWZRRUGW 8 NXQW GH YROJHQGH VFKHUPWDOHQ VHOHFWHUHQ (QJHOV )UDQV 6SDDQV 3RUWXJHHV 'XLWV , WDOLDDQV 1HGHUODQGV 'HHQV =ZHHGV )LQV HQ 1RRUV 'RRU GH RSWLH /$1' 6(/(&7(5(1 WH VHOHFWHUHQ ZRUGHQ GH FRUUHFWH LQVWHOOLQJHQ YRRU ID[FRPPXQLFDWLH YRRU KHW 3671 V\VWHHP YDQ LHGHU ODQG LQJHVWHOG 8 NXQW NLH]HQ XLW 2RVWHQULMN 'HQHPDUNHQ )LQODQG 'XLWVODQG *ULHNHQODQG =ZLWVHUODQG , WDOLs 1HGHUODQG 1RRUZHJHQ =ZHGHQ %HOJLs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh(" 6\VWHHP LQVWHOOHQ 2SWLH $IGUXNNZDOLWHLW %HVFKULMYLQJ 'H]H RSWLH JHEUXLNHQ RP GH VWDQGDDUGDIGUXNNZDOLWHLW YRRU KHW DSSDUDDW LQ WH VWHOOHQ RS EDVLV YDQ KHW W\SH RULJLQHHO GDW ZRUGW JHNRSLHHUG 1250$$/ JHEUXLNHQ LQGLHQ KHW DSSDUDDW YRRU DOOH VRRUWHQ RULJLQHOHQ ZRUGW JHEUXLNW 7(. 67 LQGLHQ HU KRRIG]DNHOLMN GRFXPHQWHQ ZRUGHQ JHNRSLHHUG PHW GXQQHQ OLMQHQ HQ WHNVW HQ %((/' LQGLHQ KHW DSSDUDDW ZRUGW JHEUXLNW YRRU KHW NRSLsUHQ YDQ GRFXPHQWHQ GLH VFKDNHULQJHQ RI NOHXUHQ EHYDWWHQ Qhtvh(# YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh($ 6\VWHHP LQVWHOOHQ 'H RSWLHV YDQ 6\VWHHPLQVWHOOLQJHQ ZLM]LJHQ /XLGVSUHNHUYROXPH DDQSDVVHQ 'H YROJHQGH LQVWUXFWLHV JHEUXLNHQ RP KHW YROXPH YDQ GH OXLGVSUHNHU DDQ WH SDVVHQ &RQWUROHUHQ RI RS KHW /&' GH GDWXP HQ WLMG ZRUGHQ ZHHUJH JHYHQ PRGH )D[ 6WDQGE\ , QGLHQ GLW QLHW KHW JHYDO LV >. RSLsUHQ)D[HQ6FDQQHQ@ LQGUXNNHQ WRWGDW )$; ZRUGW ZHHUJHJHYHQ HQ YHUYROJHQV >6HOHFWHUHQ@ LQGUXNNHQ >+DQGPDWLJ NLH]HQ@ LQGUXNNHQ 8 KRRUW HHQ NLHVWRRQ RI KHUKDDOGHOLMN LQGUXNNHQ WRWGDW X KHW JHZHQVWH YROXPH KHHIW 2S KHW VFKHUP ZRUGW KHW KXLGLJH YROXPH ZHHUJHJHYHQ >6WRS@ LQGUXNNHQ RP GH LQVWHOOLQJ RS WH VODDQ HQ WHUXJ WH NHUHQ QDDU GH PRGH 6WDQGE\ Qhtvh(% YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh(' YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh( YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh( ! YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh( " 6\VWHHP LQVWHOOHQ *HKHXJHQ ZLVVHQ &RQWURO&HQWUH 0HW ;HUR[ :RUN&HQWUH 3UR &RQWURO&HQWUH NXQW X ID[RSWLHV LQVWHOOHQ JHJHYHQV LQ KHW WHOHIRRQERHN LQYRHUHQ HQ EHZHUNHQ RI LQIRUPDWLH RYHU XZ :RUN&HQWUH 3UR EHNLMNHQ RS XZ FRPSXWHU 1DGDW ID[JHJHYHQVRSWLHV ]LMQ LQJHVWHOG RI WHOHIRRQERHNHQ ]LMQ JHPDDNW RS >7RHSDVVHQ@ NOLNNHQ LQ KHW &RQWURO&HQWUH VFKHUP RP GH QLHXZH LQVWHOOLQJHQ WH GRZQORDGHQ QDDU GH :RUN&HQWUH 3UR &RQWURO&HQWUH LQVWDOOHUHQ :DQQHHU X GH ;HUR[ :RUN&HQWUH 3UR VRIWZDUH LQVWDOOHHUW ZRUGW KHW KXOSSURJUDPPD ;HUR[ :RUN&HQWUH 3UR &RQWURO &HQWUH DXWRPDWLVFK JHwQVWDOOHHUG 7, 3 9RRU LQIRUPDWLH RYHU KHW LQVWDOOHUHQ YDQ GH :RUN&HQWUH 3UR VRIWZDUH +RRIGVWXN 3URGXFWRYHU]LFKW UDDGSOHJHQ &RQWURO&HQWUH XLWYRHUHQ 'H YROJHQGH LQVWUXFWLHV XLWYRHUHQ RP &RQWURO&HQWUH WH DFWLYHUHQ 'H :LQGRZVVRIWZDUH VWDUWHQ 2S GH WRHWV >6WDUW@ RS KHW EXUHDXEODG YDQ XZ FRPSXWHU NOLNNHQ , Q 3URJUDPPDV >;HUR[ :RUN&HQWUH 3UR @ VHOHFWHUHQ HQ YHUYROJHQV >&RQWURO&HQWUH @ +HW ;HUR[ :RUN&HQWUH 3UR &RQWURO&HQWUH VFKHUP ZRUGW ZHHUJHJHYHQ Qhtvh( # YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh( % YrXx8rrQ# !Chqyrvqvtqrtrivxr 2S KHW WDEEODG >*HDYDQFHHUG@ NOLNNHQ RP GH VWDQGDDUGRSWLHV YRRU GH ID[V\VWHHPLQVWHOOLQJHQ WH ZLM]LJHQ 7, 3 9RRU PHHU JHJHYHQV RYHU GH RSWLHV YDQ 6\VWHHPLQVWHOO LQJHQ 6\VWHHP LQVWHOOHQ UDDGSOHJHQ RS SDJLQD YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh( ' YrXx8rrQ# !Chqyrvqvtqrtrivxr 2S KHW WDEEODG >, QIRUPDWLH@ NOLNNHQ RP GH VRIWZDUHYHUVLH HQ YHUVFKLOOHQGH WHOOHUV WH EHNLMNHQ 'RRU PLGGHO YDQ GH WHOOHUV NXQW X QDJDDQ KRHYHHO VFDQV HQ DIGUXNNHQ HU ]LMQ JHPDDNW HQ KRHYHHO SDSLHUVWRULQJHQ LQ KHW DSSDUDDW ]LMQ RSJHWUHGHQ $DQWDO VFDQV YLD GH JODVSODDW $DQWDO DIGUXNNHQ XLWJHYRHUG GRRU KHW DSSDUDDW $DQWDO SDSLHUVWRULQJHQ LQ GH $2' $DQWDO VFDQV YLD GH $2' $DQWDO DIGUXNNHQ YLD GH DIGUXNPRGXOH $DQWDO SDSLHU VWRULQJHQ WLMGHQV DIGUXNNHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh( ( 6\VWHHP LQVWHOOHQ 7DEEODG , QIRUPDWLH 7DEEODG )LUPZDUHXSGDWH 2S KHW WDEEODG >)LUPZDUHXSGDWH@ NOLNNHQ RP GH ILUPZDUH RS KHW DSSDUDDW ELM WH ZHUNHQ 230(5. , 1* 'H]H WRHSDVVLQJ GLHQW WH ZRUGHQ JHEUXLNW GRRU HHQ ;HUR[PHGHZHUNHU 9RRU PHHU LQIRUPDWLH FRQWDFW RSQHPHQ PHW KHW ;HUR[ :HOFRPH &HQWHU RI HHQ JHDXWR ULVHHUGH GHDOHU Qhtvh(! YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh6 %LMODJH $ 9HLOLJKHLGVEHSDOLQJHQ %LMODJH $ 9HLOLJKHLGVEHSDOLQJHQ +HW JHEUXLN YDQ HHQ YHUOHQJVQRHU PHW GLW SURGXFW ZRUGW QLHW DDQEHYROHQ HQ LV QLHW JRHGJHNHXUG *HEUXLNHUV GLHQHQ GH ERXZYHURUGHQLQJHQ HQ GH YHU]HNHULQJVYRRUZDDUGHQ WH FRQWUROHUHQ LQGLHQ WRFK JHEUXLN GLHQW WH ZRUGHQ JHPDDNW YDQ HHQ FRUUHFW JHDDUG YHUOHQJVQRHU &RQWUROHUHQ RI KHW WRWDDO DDQWDO DPSqUHV YDQ GH SURGXFWHQ GLH ZRUGHQ DDQJHVORWHQ RS KHW YHUOHQJVQRHU KHW PD[LPDDO WRHJHVWDQH DDQWDO DPSqUHV YDQ KHW YHUOHQJVQRHU QLHW RYHUVFKULMGW 7HYHQV FRQWUROHUHQ RI KHW WRWDDO DDQWDO DPSqUHV YDQ DOOH SURGXFWHQ GLH ZRUGHQ DDQJHVORWHQ KHW PD[LPDDO WRHJHVWDQH DDQWDO DPSq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htvh6! YrXx8rrQ# !Chqyrvqvtqrtrivxr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s YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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htvh6# YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh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s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htvh6% YrXx8rrQ# !Chqyrvqvtqrtrivxr 5LFKWOLMQ EHWUHIIHQGH UDGLRDSSDUDWXXU HQ WHOHFRPPXQLFDWLHWHUPLQDODSSDUDWXXU 'LW ;HUR[SURGXFW LV GRRU ;HUR[ ]HOI JHFHUWLILFHHUG YRRU SDQ (XURSHVH HQNHOH HLQGDDQVOXLWLQJ RS KHW DQDORJH RSHQEDUH WHOHIRRQQHWZHUN 3671 LQ RYHUHHQVWHPPLQJ PHW 5LFKWOLMQ (* 'LW DSSDUDDW LV ]R RQWZRUSHQ GDW KHW IXQFWLRQHHUW PHW GH QDWLRQDOH 3671V HQ FRPSDWLEHOH 3%;V YDQ GH YROJHQGH ODQGHQ 2RVWHQULMN %HOJLs 'HQHPDUNHQ )UDQNULMN )LQODQG 'XLWVODQG , -VODQG , HUODQG , WDOLs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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh6& %LMODJH $ 9HLOLJKHLGVEHSDOLQJHQ &HUWLILFHULQJ YROJHQV (* 0LOLHXEHSDOLQJHQ (QHUJ\ 6WDU ;(52; &RUSRUDWLRQ KHHIW GLW SURGXFW ]R RQWZRUSHQ GDW KHW YROGRHW DDQ GH ULFKWOLMQHQ YDQ KHW (1(5*< 67$5 SURJUDPPD YDQ GH (QYLURQPHQWDO 3URWHFWLRQ $JHQF\ $OV (1(5*< 67$5 SDUWQHU KHHIW ;(52; YDVWJHVWHOG GDW GLW DSSDUDDW YROGRHW DDQ GH (1(5*< 67$5 ULFKWOLMQHQ YRRU HIILFLsQW HQHUJLHYHUEUXLN Qhtvh6' YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh7 %LMODJH % 6SHFLILFDWLHV %LMODJH % 6SHFLILFDWLHV 3ULQWHU VSHFLILFDWLHV , WHP (PXODWLH 5HVROXWLH $IGUXNVQHOKHLG (IIHFWLHYH DIGUXNEUHHGWH 3&/ 7UXH [ GSL GSL NODVVH SDJLQDV SHU PLQXXW $ /HWWHU PP LQFK YRRU /HWWHU /HJDO [ PP [ LQFK PP LQFK YRRU $ VHFRQGHQ RSZDUPHQ %HVFKULMYLQJ $IOHYHULQJ HHUVWH DIGUXN Qhtvh7! YrXx8rrQ# !Chqyrvqvtqrtrivxr , WHP *HVFKLNWH OLMQ &RPSDWLELOLWHLW 5HVROXWLH %HVFKULMYLQJ * 3671 3XEOLF 6ZLWFKHG 7HOHSKRQH 1HWZRUN , 78 *URHS 6WDQGDDUG )LMQ =HHU ILMQ [ GSL [ GSL [ GSL *HJHYHQVFRGHULQJ 0D[ PRGHPVQHOKHLG 9HU]HQGVQHOKHLG *HKHXJHQ $IGUXNVQHOKHLG (IIHFWLHYH VFDQEUHHGWH (IIHFWLHYH DIGUXNEUHHGWH 0+05005-3(* NESV VHFRQGHQ VWDQGDDUGUHVROXWLH 005 NESV 0E\WHV SDJLQDV SHU PLQXXW $ /HWWHU PP LQFK PP LQFK YRRU /HWWHU /HJDO [ PP [ PP LQFK YRRU $ $2' *ODVSODDW &DVVHWWH $2' *ODVSODDW a PP a LQFK a JP a OE 0D[ IRUPDDW /HJDO [ PP [ LQFK YHOOHQ YDQ JP OE 0D[ SDJLQDV YDQ JP OE SDJLQD %UHHGWH HQ JHZLFKW GRFXPHQWHQ &DSDFLWHLW LQYRHUODGH 'RFXPHQWLQYRHU YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh7" %LMODJH % 6SHFLILFDWLHV )D[ VSHFLILFDWLHV 6FDQQHU HQ NRSLHHUDSSDUDDW VSHFLILFDWLHV , WHP 6FDQPHWKRGH 6FDQVQHOKHLG &&' )ODWEHG *ODVSODDW HHQ GRFXPHQW PHHUGHUH DIGUXNNHQ NRSLHsQ SHU PLQXXW $2' HHQ GRFXPHQW PHHUGHUH DIGUXNNHQ NRSLHsQ SHU PLQXXW $2' PHHUGHUH GRFXPHQWHQ HHQ DIGUXN NRSLHsQ SHU PLQXXW ELM WHNVWJHPHQJG NRSLHsQ SHU PLQXXW ELM IRWR [ GSL GSL NODVVH 7UXH FRORU JULMV ]ZDUWZLW =ZDUWZLW PP LQFK PP LQFK a a a LQ VWDSSHQ YDQ LQ VWDSSHQ YDQ YLD JODVSODDW YLD $2' %HVFKULMYLQJ 6FDQUHVROXWLH 6FDQPRGH . RSLHHUPRGH (IIHFWLHYH VFDQEUHHGWH 0D[ EUHHGWH GRFXPHQW %HUHLN NRSLHsQ 9HUNOHLQLQJ YHUJURWLQJ 0D[ PDUJH DIGUXNUDQG %RYHQNDQW RQGHUNDQW ]LMNDQWHQ PP LQFK Qhtvh7# YrXx8rrQ# !Chqyrvqvtqrtrivxr , WHP &DSDFLWHLW LQYRHUODGH &DSDFLWHLW RSYDQJEDN /HYHQVGXXU WRQHUFDVVHWWH /HYHQVGXXU DIGUXNPRGXOH 2PJHYLQJ 3DSLHUIRUPDDW HQ JHZLFKW %HVFKULMYLQJ &DVVHWWH YHOOHQ YDQ JP OE +DQGPDWLJH LQYRHU YHOOHQ YDQ JP OE YHOOHQ YDQ JP OE SDJLQDV VWDUWHUVFDVVHWWH SDJLQDV EHGHNNLQJ YDQ SDJLQDV EHGHNNLQJ 7HPSHUDWXXU & ) a OXFKWYRFKWLJKHLG &DVVHWWH UHODWLHYH $ /HWWHU )ROLR /HJDO [ PP [ LQFK a JP a OE +DQGPDWLJH LQYRHU$ a /HJDO [ PP [ PP a JP a OE ]LMGLJH PRGXOH$ /HWWHU )ROLR /HJDO [ PP [ LQFK a JP a OE a PP a LQFK a JP OE a OE *ODVSODDW0D[ IRUPDDW OHJDO [ PP [ LQFK YHOOHQ YDQ JP OE $& a 9 (XURSD +] $& a 9 96 &DQDGD +] : LQ (QHUJLHVSDDUVWDQG : LQ PRGH 6WDQGE\ : WLMGHQV ZHUNLQJ NJ OE LQFOXVLHI DIGUXNPRGXOH HQ WRQHUFDVVHWWH [ [ PP [ [ LQFK $2' %UHHGWH HQ JHZLFKW RULJLQHOHQ &DSDFLWHLW $2' 7RHODDWEDUH EHODVWLQJ (QHUJLHYHUEUXLN *HZLFKW $IPHWLQJHQ %['[+ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh7$ %LMODJH % 6SHFLILFDWLHV $OJHPHQH VSHFLILFDWLHV 3DSLHU VSHFLILFDWLHV , WHP %HVFKLNEDUH SDSLHUVRRUWHQ %HVFKULMYLQJ *HZRRQ SDSLHU 2+3ILOP HWLNHWWHQ HQYHORSSHQ NDUWRQ EULHINDDUW 3DSLHUVRRUW /HWWHU /HJDO -, 6 % $ ([HFXWLYH $ 3DSLHUIRUPDWHQ $NDDUW %ULHINDDUW [ +DJD. L HQYHORS &20HQYHORS '/HQYHORS &HQYHORS . HX]H % [ / PP [ [ [ [ [ [ [ [ [ [ [ [ [ [ a [ % [ / LQFK [ ; [ [ [ [ [ [ [ [ [ [ [ [ a [ Qhtvh7% YrXx8rrQ# !Chqyrvqvtqrtrivxr , WHP %URQ %HVFKULMYLQJ 3DSLHUVRRUWHQ )RUPDWHQ 'LNWH a JP OE a OE 3DSLHUFDVVHWWH *HZRRQ SDSLHU $ /HWWHU /HJDO )ROLR +DQGPDWLJH LQYRHU , QYRHUEURQ ]LMGLJH HHQKHLG *HZRRQ SDSLHU HQYHO RSSHQ WUDQVSDUDQWHQ HWLNHWWHQ NDUWRQ $ /HWWHU /HJDO a JP )ROLR ([HFXWLYH OE a OE $ % $ 0RQDUFK &20 QU & '/ . HX]H a JP OE a OE *HZRRQ SDSLHU $ /HWWHU )ROLR /HJDO % EHWHNHQW -, 6 HQ , 62 'LNWH WUDQVSDUDQWILOP P ]LH OLMVW PHW DDQEHYROHQ SDSLHUVRRUWHQ 'LNWH SDSLHUHQ HWLNHWWHQ P ]LH OLMVW PHW DDQEHYROHQ SDSLHU VRRUWHQ YrXx8rrQ# !Chqyrvqvtqrtrivxr Qhtvh7& %LMODJH % 6SHFLILFDWLHV Qhtvh7' YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Dqrv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qrvv YrXx8rrQ# !Chqyrvqvtqrtrivxr *ODVSODDW 3-6 5-4 6-5 *URHSVNLH]HQ 5-12 *URHSVNLH]HQ JHEUXLNHQ 5-14 *URHSVQXPPHUV EHZHUNHQ 5-13 6QHONLHVQXPPHU DDQ HHQ JURHS WRHZLM]HQ *URHSVNLH]HQ JHEUXLNHQ 5-14 *URHSVQXPPHUV EHZHUNHQ 5-13 +DQGPDWLJ JURHSVNLH]HQ 5-15 +DQGPDWLJ NLH]HQ 5-17 +DQGPDWLJ RQWYDQJHQ LQ PRGH 7(/ 5-20 +DQGPDWLJH LQYRHU 7-19 7-21 +DQGPDWLJH LQYRHU JHEUXLNHQ 7-19 +HOSOLMVW 9-12 5-12 + 7\SH RSGUDFKW 3-11 9HUNOHLQHQYHUJURWHQ 3-12 . RSLHHUWRHSDVVLQJHQ KHUVWHOOHQ 3-13 . RSLHHUWRHSDVVLQJHQ VHOHFWHUHQ 3-7 . RSLsUHQ 3-1 . RSLsUHQ SURFHGXUH 3-2 2ULJLQHOHQ SODDWVHQ 3-4 . RSLs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rXx8rrQ# !Chqyrvqvtqrtrivxr Dqrvvv , QGH[ =RHNHQ LQ KHW JHKHXJHQ YDQ 2SQLHXZ NLH]HQ 5-17 2SWLHV YDQ RQWYDQJVWPRGHV 5-19 2SWLHV YDQ 6\VWHHPJHJHYHQV 9-7 2SWLHV YDQ 6\VWHHPJHJHYHQV LQVWHOOHQ 9-10 2SWLHV YDQ 6\VWHHPLQVWHOOLQJHQ 9-2 2SWLHV YDQ 6\VWHHPLQVWHOOLQJHQ ZLML]LJHQ 2SWLHV YDQ 6\VWHHPLQVWHOOLQJHQ ZLM]LJHQ 9-5 2ULJLQHHOVRRUW 3-10 5-22 6-10 )RWR 3-10 5-22 6-10 *HPHQJG 3-10 5-22 6-10 7HNVW 3-10 5-22 6-10 2ULJLQHOHQ SODDWVHQ 3-4 5-2 6-3 $XWRPDWLVFKH RULJLQHOHQGRRUYRHU $2' *ODVSODDW 3-6 5-4 6-5 2YHUL]LFKWHQ DIGUXNNHQ 5-35 2YHU]LFKW EHGLHQLQJVSDQHHO 2-6 2YHU]LFKW JHSODQGH RSGUDFKWHQ 9-11 2YHU]LFKWHQ 9-11 $OOH RYHU]LFKWHQ 9-11 %HULFKW EHYHVWLJHQ 5-34 9-11 )D[RYHU]LFKWHQ 5-34 +HOSOLMVW 9-12 , QIRUPDWLH JHSODQGH RSGUDFKWHQ 5-34 0XOWLFRPPXQLFDWLHRYHU]LFKW 5-35 9-12 2QWYDQJVWRYHU]LFKW 5-34 9-12 2YHU]LFKW JHSODQGH RSGUDFKWHQ 9-11 2YHU]LFKWHQ DIGUXNNHQ 5-35 6WURRPVWRULQJVRYHU]LFKW 9-12 6\VWHHPJHJHYHQVOLMVW 9-11 7HOHIRRQERHNOLMVW 5-34 9-11 9HU]HQGRYHU]LFKW 5-34 9-12 3DSLHU ELMYXOOHQ 2-18 3DSLHU LQ KDQGPDWLJH LQYRHU SODDWHQ 7-21 3DSLHU LQ SDSLHUFDVVHWWH SODDWHQ 7-15 3DSLHU SODDWVHQ 2-18 7-14 +DQGPDWLJH LQYRHU JHEUXLNHQ 7-19 3DSLHU LQ KDQGPDWLJH LQYRHU SODDWVHQ 7-21 3DSLHU LQ SDSLHUFDVVHWWH SODDWVHQ 7-15 5LFKWOLMQHQ VSHFLDDO DIGUXNPDWHULDDO 7-24 5LFKWOLMQHQ YRRU DIGUXNPDWHULDDO 7-23 3DSLHU SODDWVHQ 2-18 7-14 3DSLHU 5LFKWOLMQHQ VSHFLDDO DIGUXNPDWHULDDO 3DSLHU 5LFKWOLMQHQ YRRU DIGUXNPDWHULDDO 7-23 3DSLHU VSHFLILFDWLHV B-6 3DSLHUEURQ 6HOHFWHUHQ 3-3 3DSLHUEURQ VHOHFWHUHQ 3-3 3DSLHUFDVVHWWH 7-15 3DX]H LQYRHJHQ 2-10 3DX]H LQYRHJHQ 2-10 3ROOHQ 5-29 RQWYDQJVWSRO 5-31 8LWVWHO RQWYDQJVWSRO 5-31 9HU]HQGSRO 5-29 :DW LV SROOHQ" 5-29 3ULQWHU VSHFLILFDWLHV B-2 3ULQWHULQVWHOOLQJHQ 4-3 $FWLYHUHQ 4-3 $FWLYHUHQ YDQXLW :LQGRZV 4-4 $FWLYHUHQ YDQXLW :LQGRZV 0H 4-3 $FWLYHUHQ YDQXLW :LQGRZV 17 4-4 3ULQWHULQVWHOOLQJHQ DFWLYHUHQ 4-3 3ULRULWHLW YHU]HQGHQ 5-28 3UREOHHPRSORVVLQJ 2SORVVHQ YDQ SUREOHPHQ 8-17 3UREOHPHQ RSORVVHQ 8-1 8-17 $SSDUDDW KHUVWHOOHQ 8-24 /&'IRXWEHULFKWHQ 8-14 7DEHO PHW RSORVVLQJHQ YRRU DIGUXNSUREOHPHQ 8-19 7DEHO PHW RSORVVLQJHQ YRRU SUREOHPHQ PHW ID[HQ 8-22 7DEHO PHW RSORVVLQJHQ YRRU SUREOHPHQ PHW NRSLHHUDSSDUDDW 8-17 3URGXFWRYHU]LFKW 2-1 3URJUDPPD 6FDQQHQ QDDU 3& XLWYRHUHQ 6-6 5HFKWH KDNHQ FRQYHQWLHV 1-7 5HLQLJHQ 7-2 $2' HQ RSYDQJEDN 7-3 %HGLHQLQJVSDQHHO HQ /&'VFKHUP 7-3 7-24 9-5 3-4 5-2 6-3 3 5 Dqrv YrXx8rrQ# !Chqyrvqvtqrtrivxr *ODVSODDW HQ DIGHNNOHS 7-3 :RUN&HQWUH 3UR 7-2 5HVROXWLH 5-21 6-9 )LMQ 5-21 6WDQGDDUG 5-21 =HHU ILMQ 5-21 5LFKWLQJ FRQYHQWLHV 1-5 5LFKWOLMQHQ VSHFLDDO DIGUXNPDWHULDDO 7-24 5LFKWOLMQHQ YRRU SDSLHU 7-23 5LFKWOLMQHQ YRRU VSHFLDDO DIGUXNPDWHULDDO 7-24 6FDQDSSOLFDWLH 6WDQGDDUGFRQILJXUDWLH 6-8 6FDQQH 7:$, 1VFDQQHUSURJUDPPD 6-2 6FDQQHQ 6-1 2ULJLQHOHQ SODDWVHQ 6-3 6FDQQHQ SURFHGXUH 6-3 6WDQGDDUGVFDQDSSOLFDWLH FRQILJXUHUHQ 6-8 6WDQGDDUGWRHSDVVLQJHQ 6-9 6FDQQHQ SURFHGXUH 6-3 6FDQQHU HQ NRSLHHUDSSDUDDW VSHFLILFDWLHV B-4 6FDQQHURQWJUHQGHOLQJ 2-2 6FDQRSWLHV 5-22 6-9 6FDQWRHSDVVLQJHQ *HDYDQFHHUG VFDQQHQ 6-13 /LFKWHUGRQNHUGHU 6-11 2ULJLQHHOVRRUW 6-10 5HVROXWLH 6-9 6FDQRSWLHV 6-9 6FDQWRHSDVVLQJHQ KHUVWHOOHQ 6-12 9HUNOHLQHQYHUJURWHQ 6-12 6FDQWRHSDVVLQJHQ KHUVWHOOHQ 6-12 6FDQWRHSDVVLQJHQ VHOHFWHUHQ 6-7 6QHONLHVQXPPHUV DDQ HHQ JURHS WRHZLM]HQ 6 6RIWZDUHLQVWDOODWLH 2-26 6SHFLDOH NRSLHHUWRHSDVVLQJHQ 3-14 $XWRSDVVHQ 3-14 . ORQHQ 3-15 6SHFLILFDWLHV $OJHPHHQ B-5 %LMODJH % B-1 )D[ B-3 3DSLHU B-6 3ULQWHU B-2 6FDQQHU HQ NRSLHHUDSSDUDDW B-4 :RUN&HQWUH 3UR B-1 6WDQGDDUGID[WRHSDVVLQJHQ 5-21 6WDQGDDUGNRSLHHUWRHSDVVLQJHQ 3-9 6WDQGDDUGVFDQDSSOLFDWLH FRQILJXUHUHQ 6-8 6WDQGDDUGVFDQDSSOLFDWLH FRQILJXUHUHQ 6-8 6WDQGDDUGVFDQWRHSDVVLQJHQ 6-9 6WDQGDDUGV\VWHHPLQVWHOOLQJHQ 9-1 6WDUW LQGUXNNHQ 3-8 5-7 6-7 6WDUW WRHWV 6WDUW LQGUXNNHQ 6-7 6WDUWWRHWV 6WDUW LQGUXNNHQ 3-8 5-7 6WURRPVWRULQJVRYHU]LFKW 9-12 6\VWHHP LQVWHOOHQ 9-1 &RQWURO&HQWUH 9-14 &RQWURO&HQWUH LQVHOOHQ 9-14 *HKHXJHQ ZLVVHQ 9-13 /XLGVSUHNHUYROXPH DDQSDVVHQ 9-6 6<67((0*(*(9(16 9-13 6\VWHHPJHJHYHQVOLMVW 9-11 6<67((0, ' 9-13 6\VWHHPLQVWHOOLQJHQ 9-2 6\VWHHPLQVWHOOLQJHQ ZLM]LJHQ 9-1 7DDO LQVWHOOHQ 2-22 7DDO LQVWHOOHQ 2-22 7DEEODG )LUPZDUHXSGDWH 9-20 7DEEODG *HDYDQFHHUG 9-17 7DEEODG , QIRUPDWLH 9-19 7DEEODG , QVWHOOLQJHQ 9-16 7DEEODG 7HOHIRRQERHN 9-18 7DEEODGHQ PHW HLJHQVFKDSSHQ 4-5 5-12 6QHONLH]HQ 5-10 7 1XPPHU RSVODDQ 5-10 6QHONLHVQXPPHUV DDQ HHQ JURHS WRHZL M]HQ 5-12 6QHONLH]HQ JHEUXLNHQ 5-11 6QHONLH]HQ JHEUXLNHQ 5-11 6QHOOH URXWH FRQYHQWLHV 1-7 6RIWZDUH LQVWDOOHUHQ 2-26 YrXx8rrQ# !Chqyrvqvtqrtrivxr Dqr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sUHQ $IOHYHULQJ 3-12 $XWRSDVVHQ 3-14 8-19 . ORQHQ 3-15 . RSLHHUWRHSDVVLQJHQ KHUVWHOOHQ 3-13 /LFKWHUGRQNHUGHU 3-9 2ULJLQHHOVRRUW 3-10 6SHFLDDO 3-14 7\SH RSGUDFKW 3-11 7RHSDVVLQJHQ 6FDQQHQ *HDYDQFHHUGH VFDQWRHSDVVLQJHQ 6-13 /LFKWHUGRQNHUGHU 6-11 2ULJLQHHOVRRUW 6-10 5HVROXWLH 6-9 6FDQRSWLHV 6-9 6FDQWRHSDVVLQJHQ KHUVWHOOHQ 6-12 9HUNOHLQHQYHUJURWHQ 6-12 7RHSDVVLQJHQ. RSLsUHQ 9HUNOHLQHQYHUJURWHQ 3-12 7RHWV . RSLsUHQ)D[HQ6FDQQHQ 3-2 5-5 7RHWV . RSLsUHQ)D[HQ6FDQQHQ LQGUXNNHQ 7RHWV . RSLsUHQ6FDQQHQ)D[HQ 6-6 7RHWVHQ 2-6 7RHZLM]LQJ YDQ WHNHQV 2-10 7RQHU YHUGHOHQ 7-8 7RQHUEHVSDUHQGH PRGH 7-5 7RQHUFDVHWWH 7-5 7RQHUFDVVHWWH $SSDUDDW LQVWHOOHQ RP WRQHUPHOGLQJ WH YHU]HQGHQ 7-10 7RQHU YHUGHOHQ 7-8 7RQHUEHVSDUHQGH PRGH 7-5 7RQHUFDVVHWWH YHUYDQJHQ 7-6 7-8 9HUZDFKWH OHYHQVGXXU 7-5 7RQHUFDVVHWWH YHUYDQJHQ 7-6 7-8 7RQHUFDVVHWWH LQVWDOOHUHQ 2-14 7RQHUPHOGLQJ 7-10 7:$, 1VFDQQHUSURJUDPPD 6-2 7\SH RSGUDFKW 3-11 . RUWH NDQW 3-11 /DQJH NDQW 3-11 8LWJHVWHOG YHU]HQGHQ 5-24 5-25 8LWVWHO RQWYDQJVWSRO 5-31 3-2 5-5 6-6 8 Dqrv YrXx8rrQ# !Chqyrvqvtqrtrivxr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rXx8rrQ# !Chqyrvqvtqrtrivxr Dqrvv , QGH[ 9 9HU]HQGRYHU]LFKW %HULFKW EHYHVWLJHQ 5-34 Dqrvvv YrXx8rrQ# !Chqyrvqvtqrtrivxr [. . . ] [. . . ]

VOORWAARDEN VAN TELELADING VAN DE HANDLEIDING XEROX WORKCENTRE PRO 412

JeHandleiding biedt een gemeenschapsdienst van aandeel, archivering on line en van opzoeking van documentatie betreffende het gebruik van materialen of software : handleiding, gebruiksaanwijzing, installatiegids, technisch handboek…
In geen enkel geval zal JeHandleiding verantwoordelijk zijn indien het document dat u zoekt niet beschikbaar is, onvolledig is, in een andere taal is dan de uwe of indien de benaming en de taal niet overeenstemmen. JeHandleiding, in het bijzonder, verzekert geen vertalingsdienst.

Klik op "De handleiding teleladen" indien u de formulering van dit contract aanvaardt. De telelading van de handleiding XEROX WORKCENTRE PRO 412 zal dan beginnen.

Een gebruiksaanwijzing opzoeken

 

Copyright © 2015 - JeHandleiding - Alle rechten voorbehouden
De aangehaalde merknamen behoren tot hun respectieve eigenaars toe.

flag