63
0CTEQ0CICIPKP
$NNCUEQRGTVCFK
(OHW (&,$
WURQ / (
3
L
$* FD,
¼
Q
$5'8,12<81
,
1
(
)XWXUD
XWXUD
*URXS
S
(GL]LRQL
]LRQL
6XSSOHPHQWRD(OHWWURQLFD,QQ
'QRQGUUGTVKFKXGTVKVQEQP$5'8,12812GPVTCPGNNnGTCFGNNn,PVGTPGVFGNNG&QUGEQPNCPWQXC
DQCTF$5'8,12<³1EJGVKEQPUGPVKT¹FKEQPPGVVGTGHCEKNOGPVGKVWQKRTQIGVVKCNYGD
KPVGTCIGPFQEQP)CEGDQQM7YKVVGTGEQPVCPV,CNVTKUGTXK\KQPNKPG
$5'8,12<Ô1qXQDVFKHGDFRQFRQQHVVLRQH
:L)LRQERDUGFKHFRPELQDODVHPSOLFLWjG·XVR
GHOVLVWHPD$UGXLQRFRQODSRWHQ]DGL/LQX[
6H$5'8,12812KDFRQVHQWLWRDPLJOLDLDGL
DSSDVVLRQDWLGLFUHDUHIDFLOPHQWHDSSOLFD]LRQL
OHJDWHDOPRQGRILVLFRSHUFRQWUROODUHOXFL
PRWRULHDOWULDWWXDWRULTXHVWDQXRYDERDUG
SHUPHWWHGLIDUHLQWHUDJLUH
²FRQDOWUHWWDQWDIDFLOLWj²
OHQRVWUHDSSOLFD]LRQLFRQPROWLVVLPLVHUYL]LZHE
8QDVFKHGDSHUIHWWDSHUO·,QWHUQHWGHOOH&RVH
SHUTXHOPRQGRVHPSUHFRQQHVVRFKHqDOOHSRUWH
1RQDFDVR<~QVLJQLILFDQXYROD
,QTXHVWROLEURO·DXWRUHFLFRQGXFHDOODVFRSHUWD
GHOOHQXRYHIXQ]LRQDOLWjOHJDWHDOO·LPSLHJRGL
/LQLQRLOSDUWLFRODUHVLVWHPDRSHUDWLYR/LQX[FXL
qDIILGDWDODJHVWLRQHGHOODVFKHGDGHOOHQXRYH
OLEUHULHFKHGDQQRODSRVVLELOLWjGLDFFHGHUH
LQPDQLHUDVHPSOLILFDWDDQXPHURVLVVLPH
SLDWWDIRUPHZHEHGHOEULGJHFKHFROOHJDOD
VH]LRQH$UGXLQRFRQTXHOOD/LQX[
1HOOLEURYHQJRQRDIIURQWDWLDQFKHWHPLOHJDWLDOOD
JHVWLRQHGHOOHUHWLHSURSRVWLSURJHWWLFRPSOHWL
KDUGZDUHHVRIWZDUH
,QWURGX]LRQH
$OODVFRSHUWDGL
$UGXLQR<~Q
GL0DUFR0DJDJQLQ
6XSSOHPHQWRDOQXPHURGL(OHWWURQLFD,Q'LFHPEUH*HQQDLR
5LYLVWDPHQVLOHUHJLVWUDWDSUHVVRLO7ULEXQDOHGL0LODQRFRQLOQLO
'LUHWWRUH5HVSRQVDELOH$UVHQLR6SDGRQL3UH]]RGLFRSHUWLQD(XUR
5HGD]LRQHH$PPLQLVWUD]LRQH)XWXUD*URXSVUO9LD$GLJH*DOODUDWH9$
7HOHIRQR)D[
,VFUL]LRQHDO5HJLVWUR2SHUDWRULGHOOD&RPXQLFD]LRQHQGHO
'LVWULEX]LRQHSHUO·,WDOLD62',3$QJHOR3DWX]]L6S$9LD%HWWROD&LQLVHOOR%DOVDPR0,
6WDPSD52726SD9LD7XUELJRE&DVWDQR3ULPR0,
‹)XWXUD*URXSVUO
$OODVFRSHUWDGL$UGXLQR<~Q
6RPPDULR
6RPPDULR
&$3,72/2
,QWURGX]LRQH
$5'8,12<Ò1qXQDVFKHGDFRQFRQQHVVLRQH:L)LRQERDUGFKHFRPELQDODVHPSOLFLWj
G¶XVRGHOVLVWHPD$UGXLQRFRQODSRWHQ]DGL/LQX[FRQVHQWHQGRDPLJOLDLDGLDSSDVVLRQDWL
GLIDUHLQWHUDJLUHOHSURSULHDSSOLFD]LRQLFRQ,QWHUQHWHFRQFHQWLQDLDGLVHUYL]LZHE
&$3,72/2
$SULDPRODVFDWROD
'LI¿FLOHFUHGHUHFKHLQXQDERDUGFRVuSLFFRODYLVLDWDQWDWHFQRORJLD
(DQFKHIDFLOHGDXVDUH
&$3,72/2
&DUDWWHULVWLFKHWHFQLFKH
6RIIHUPLDPRFLVXOOHFDUDWWHULVWLFKHWHFQLFKHHVXOOHULVRUVHKDUGZDUHHVRIWZDUHGHOODQXRYD
ERDUG$UGXLQR<~Q8QDQRWHYROHHYROX]LRQHULVSHWWRDOOHSUHFHGHQWLVFKHGHGHOODVWHVVD
IDPLJOLD
&$3,72/2
,OPRWRUHGL$UGXLQR<~Q
1RQFLDFFRQWHQWLDPRGLJXDUGDUH$UGXLQR<~QGDOGLIXRUL,YHULDSSDVVLRQDWLDO]DQRLOFRIDQR
HFXULRVDQRDOO¶LQWHUQR1HYDOHODSHQD
&$3,72/2
6KLHOGGLHVSDQVLRQH
8QFLUFXLWRWXWWRIDUHVLDSHUVSHULPHQWDUHWXWWHOHSRVVLELOLWjGHOODVFKHGD$UGXLQR<~QFKHSHU
UHDOL]]DUHOHQRVWUHDSSOLFD]LRQLQHOPRQGRUHDOH6HPSOLFLWjDJJLXQWDDVHPSOLFLWj
&$3,72/2
3URJHWWRZHE
)DFFLDPRIDUHDG$UGXLQR<~QTXHOORFKHQRQVLDPRPDLULXVFLWLDUHDOL]]DUHVLQRDGRUDFRQ
XQDVFKHGDGHOODIDPLJOLD$UGXLQR
&$3,72/2
*XDUGLDPRFLDWWRUQR
&ROOHJKLDPRXQDWHOHFDPHUDDOODVFKHGD$UGXLQR<~QSHUUHDOL]]DUHXQVLVWHPDGLYLVLRQH
FKHFLSHUPHWWDGLWHQHUHVRWWRFRQWUROORO¶DPELHQWHFLUFRVWDQWH³IRWRJUDIDQGR´TXDOVLDVLFRVD
VLPXRYDVRWWRLOVXRRFFKLR
6RPPDULR
6RPPDULR
&$3,72/2
5HWHGL<~Q
&KHIDUHTXDQGRYRJOLDPRUHDOL]]DUHXQSURJHWWRWURSSRSHVDQWHSHUXQDVRODVFKHGD$UGXLQR
<~Q"6HPSOLFHQHPHWWLDPRGXH,QUHWH
&$3,72/2
&ROOHJKLDPRFLDOPRQGR
1HLSURJHWWLSUHFHGHQWLDEELDPRWHQXWRFRQ¿QDWHOHQRVWUHVFKHGHLQDPELWRORFDOH9HGLDPR
FRPHqSRVVLELOHPHWWHUOHLQFRPXQLFD]LRQHFROUHVWRGHOPRQGR
&$3,72/2
*OLXOWLPLGHWWDJOL
&RPSOHWLDPRODSDQRUDPLFDVXOOHOLEUHULHGHOODIDPLJOLD%ULGJHVSHULPHQWDQGRLO
IXQ]LRQDPHQWRGL0DLOER[H&RQVROH
&$3,72/2
6\VDGPLQ/LQLQRH/X&,
1HOVLVWHPDRSHUDWLYR/LQLQRqFRQWHQXWRORVWUXPHQWRJUD¿FRGLDPPLQLVWUD]LRQHGHOVLVWHPD
/X&,8WLOL]]LDPRORSHUDOOHQDUFLDGLYHQWDUHDPPLQLVWUDWRULGLVLVWHPDV\VDGPLQ
&$3,72/2
<~QKDFNLQJ
$QFRUDXQSDVVRDOO¶LQWHUQRGHLVHJUHWLGL$UGXLQR<~QH*18/LQX[6FRSULDPRO¶DFFHVVR
GDOO¶HVWHUQRFRQLOSURWRFROOR66+OHVWUXWWXUHGLXWHQWLLSURFHVVLHLO¿OHV\VWHP
&$3,72/2
&RQFOXVLRQL
6SHULDPRFKHOD¿QHGLTXHVWROLEURFRLQFLGDFRQO¶LQL]LRGLQXRYHHVSHULHQ]HHGRSSRUWXQLWj
VRSUDWWXWWRLQFDPSRSURIHVVLRQDOHHVHVLHWHVWXGHQWLFKHSRVVDDLXWDUYLQHLYRVWULLPSHJQL
VFRODVWLFL
$SSHQGLFL
6RPPDULR
,QWURGX]LRQH
,QWURGX]LRQH
6H$UGXLQR812KDFRQVHQWLWRDPLJOLDLDGLDSSDVVLRQDWLGLFUHDUH
IDFLOPHQWHDSSOLFD]LRQLOHJDWHDOPRQGRÀVLFR$UGXLQR<~Q
FRQDOWUHWWDQWDIDFLOLWjFLFRQVHQWLUjGLHQWUDUHQHOPRQGR
GHOO·,QWHUQHWGHOOH&RVH
&KLVFULYHQRQqSLJLRYDQLVVLPR$LPLHLWHPSLO·HOHWWURQLFDO·LQIRUPDWLFDHGLOPRQGRLQ
JHQHUHHUDQRDVVDLGLYHUVLPDSHUFHUWLYHUVLVLPLOL
/HFULVLSHUHVHPSLRVRQRXQIHQRPHQRFKHGDVHPSUHFLFOLFDPHQWHLQYHVWHLOJHQHUHXPD
QR,QIRQGROHFULVLVRQRLOVHJQRFKHTXDOFRVDVWDFDPELDQGRHFKHTXDOFXQRHIRUVHPROWL
QRQVHQHVWDDFFRUJHQGRLQWHPSR$OO·HWjGHOODSLHWUDLSRSROLFKHSHUSULPLDEEUDFFLDURQR
ODWHFQRORJLDGHOUDPHFRQTXLVWDQGRLOPRQGRYHQQHURSRLVRSUDIIDWWLGDFKLDYHYDDFTXLVLWR
ODFDSDFLWjGLFRVWUXLUHDUPLLQIHUUR&RVuqVWDWRSHUOHWHFQLFKHGLFROWLYD]LRQHDJULFRODH
SHULWUDVSRUWLGDLFDYDOOLDLWUHQLGDOOHDXWRPRELOLDJOLDHUHLGDOOHSLURJKHDOOHQDYLPDULQHH
VSD]LDOL'DOODVFULWWXUDDOOHFRPXQLFD]LRQLODFRQRVFHQ]DGHOOHVWHOOHOHSUHYLVLRQLGHOWHPSR
HGHOOHVWDJLRQL'DOORVFLDPDQHVLPRDOODPHGLFLQD
2JQLFULVLRJQLSDVVDJJLRKDSRUWDWRDQXRYHFRQRVFHQ]HHGLQGHILQLWLYDDGXQEHQHVVHUH
VHPSUHPDJJLRUHDPDJJLRUHVHUHQLWjHWUDQTXLOOLWj
1HOFDPSRGHOOHFDSDFLWjGLFDOFRORHGHOWUDWWDPHQWRGHOOHLQIRUPD]LRQLXQOXQJRILORSDUWH
GDOOHWDYROHWWHG·DUJLOODUHGDWWHLQFDUDWWHULFXQHLIRUPLHDUULYDILQRDLPRGHUQLFDOFRODWRUL8QD
FDUDWWHULVWLFD GHOO·HYROX]LRQH WHFQRORJLFD HFRQRPLFD H VRFLDOH q OD FRQWLQXD DFFHOHUD]LRQH
QHLFLFOLGLHYROX]LRQH,SULPLJUDQGLFLFOLKDQQRULFKLHVWRPLOOHQQLSHUFRPSLHUVLSRLVHFROL
GHFHQQLHGRUDVRORSRFKLDQQL(FFRFKHODQRVWUDYLWDFKHVHFROLIDSRWHYDWUDVFRUUHUHLQ
XQPRQGRLPPXWDELOHRJJLYLHQHLQYHVWLWDGDRQGDWHGLFDPELDPHQWLVHPSUHSLIUHTXHQWLH
UDSLGLFKHSRUWDQRFRQVpXQVHQVRGLLQVLFXUH]]DHGLDQVLD
1LHQWHGLQXRYRDOORUD"'DXQFHUWRSXQWRGLYLVWDQXOODGLQXRYRPDGDXQDOWURWURSSH
YHUDPHQWHWURSSHQRYLWj
&KHIDUH"/DULVSRVWDqVFRQWDWDPDQRQEDQDOH$GHJXDUVLDQWLFLSDUHLFDPELDPHQWLIDUVL
WURYDUHSUHSDUDWLDQDOL]]DUHLOFRQWHVWRFHUFDQGRGLFRJOLHUHODGLUH]LRQHGHOFDPELDPHQWR
ILQGDLSULPLWHQXLVHJQDOL&HUFDUHGLVWDUHDYDQWLLQYHFHGLFRQWLQXDUHDULQFRUUHUH,QXQD
SDURODVWXGLDUH
(IRUVHTXHVWDSDURODFRQWLHQHXQDGLYHUVLWjLPSRUWDQWHULVSHWWRDOSDVVDWR8QWHPSRLP
SDUDUHHUDSUDWLFDPHQWHLPSRVVLELOHVRSUDWWXWWRVHQRQVLDSSDUWHQHYDDGXQDGHOOHSRFKH
FODVVLSULYLOHJLDWH1HOO·DQWLFR(JLWWRJOLVFULELVLWUDPDQGDYDQRLOPHVWLHUHGLSDGUHLQILJOLR
,QWURGX]LRQH
,QWURGX]LRQH
ODFXOWXUDGHOOHFDVWHLPSHGLYDSUHVVRFKpTXDOVLDVL´PRELOLWjVRFLDOHµ1HLVHFROLOHFRVHVRQR
PLJOLRUDWHDQFKHVHQRQGLPROWRGRSRODSULPDULYROX]LRQHLQGXVWULDOHVLSRWHYDDFFHGHUHDL
PHVWLHULDQFKHDTXHOOLQRQGLIDPLJOLDPDODYLWDGHOO·DSSUHQGLVWDGHOO·XOWLPRDUULYDWRHUD
GHFLVDPHQWHGXUD
*OL ´DQ]LDQLµ QRQ FHGHYDQR IDFLOPHQWH OH ORUR FRQRVFHQ]H OH VFXROH H OH XQLYHUVLWj HUDQR
FRVWRVH*OLDPELHQWLSURGXWWLYLHUDQRLOIUXWWRGLLQYHVWLPHQWLFRORVVDOLHO·DFFHVVRDOOHWHF
QRORJLHLQQRYDWLYHPROWRGLIILFLOHHGRVWDFRODWR&KLHUDDGHJXDWDPHQWHTXDOLILFDWRFXVWRGLYD
JHORVDPHQWHLOSURSULRVDSHUH
%LVRJQDYDOHWWHUDOPHQWHFLWDQGRXQGHWWRGHOO·HSRFD´UXEDUHLOPHVWLHUH´HODVWUDGDGHOO·DX
WRDSSUHQGLPHQWRULFKLHGHYDVIRU]LDQFKHHFRQRPLFLQRWHYROL
3HUULPDQHUHQHOFDPSRGHOO·LQIRUPDWLFDDJOLLQL]LQRQHUDFHUWRSRVVLELOHGLVSRUUHGLXQJL
JDQWHVFRPDLQIUDPHSHULPSDUDUH9DOHYDODOHJJHGHJOLDQ]LDQL$OWHPSRGHLSULPLSHUVRQDO
FRPSXWHUSHUDOOHVWLUHXQODERUDWRULRDOILQHGLLPSDUDUHGDVROLDSURJUDPPDUHWUD3&OLEUL
FRVWRVLHGDQFRUSLFRVWRVLVRIWZDUHGLVYLOXSSRHUDQHFHVVDULRXQLQYHVWLPHQWRDOODSRUWDWD
GLSRFKL
2JJLWXWWRqFDPELDWRWXWWRqPROWRGLYHUVRHVWXGLDUHqPROWRSLIDFLOH
*UD]LHLQSULPROXRJRDG,QWHUQHWFKHKDPHVVRDGLVSRVL]LRQLJUDWXLWDPHQWHODSRVVLELOLWjGL
DFFHGHUHDPLJOLDLDGLIRQWLGLIIHUHQWL
0DDQFKHDOODILORVRILDGHOO·RSHQVRXUFHJUD]LHDOODTXDOHqSRVVLELOHWURYDUHGRFXPHQWD]LRQH
KDUGZDUHHVRIWZDUHFRPSOHWDPHQWHJUDWXLWDSURJUDPPLFKHSRVVRQRHVVHUHXWLOL]]DWLJUD
WXLWDPHQWHDPSOLDQGRDGLVPLVXUDODSRVVLELOLWjGLDFFHGHUHDIRQWLGLFRQRVFHQ]DHPDWHULDOL
GLVWXGLRGDSDUWHGLFRPXQLWjVHPSUHSLDPSLHQHOOHSLVYDULDWHGLVFLSOLQH
/DGLVSRQLELOLWjQHOFDVRGHOO·LQIRUPDWLFDGLKDUGZDUHDEDVVRFRVWRFRQSUHVWD]LRQLHTXLYD
OHQWLDTXHOOHGLXQPDLQIUDPHGLSRFKLGHFHQQLIDKDIDWWRODGLIIHUHQ]D
2JJLFRQSRFKHGHFLQHGLHXURqSRVVLELOHDYHUHDGLVSRVL]LRQHOHSUHVWD]LRQLGLXQ3&FKH
QHVVXQRSRWHYDSHUPHWWHUVLVRORSRFKLDQQLID
ËTXHOORFKHKDQQRFDSLWRLUHVSRQVDELOLGHOO·LVWUX]LRQHGLPROWLSDHVLLQYLDGLVYLOXSSRFRPH
*KDQD%XWDQ3DNLVWDQHFKHJUD]LHDQFKHDIRQGD]LRQLRFFLGHQWDOLFKHOLVXSSRUWDQRVWDQQR
GDQGRJUDQGHLPSXOVRDOODIRUPD]LRQH´LQIRUPDWLFDµGHOOHORURVFXROHILQGDLSULPLOLYHOOLSHU
SUHSDUDUHOHJHQHUD]LRQLFKHULVFDWWHUDQQRQHOIXWXUROHFRQGL]LRQLVYDQWDJJLDWHGLSDUWHQ]D
'DTXHVWRSXQWRGLYLVWDYDULFRQRVFLXWRLOPHULWRDOO·LQL]LDWLYD$UGXLQRFKHKDSHUPHVVRD
PLJOLDLDGLDSSDVVLRQDWLGLDSSURIRQGLUHOHFRQRVFHQ]HQHOOHWHFQRORJLHGHLPLFURFRQWUROORUL
JUD]LHDOODPHVVDDGLVSRVL]LRQHGLVFKHGHGLEDVVRFRVWRHGLXWLOL]]RVHPSOLILFDWRJUD]LHD
VWUXPHQWLEHQLQJHJQHUL]]DWLFKHOLUHQGRQRXWLOL]]DELOLDQFKHGDXWHQWLDOOHSULPHDUPL
&RQO·DUULYRGL$UGXLQR<~QVLUHSOLFDFRQXQRJJHWWRDQQXQFLDWRFRPHLOSULPRGLXQDQXRYD
IDPLJOLDGDOOHGLPHQVLRQLULGRWWHGDLFRVWLFRQWHQXWLHGDOOHSRWHQ]LDOLWjHTXLYDOHQWLVHQRQ
VXSHULRULDTXHOOHGLXQPDLQIUDPHHQRUPHFRVWRVRHGDVVHWDWRGLHQHUJLDGLTXDQGRHUR
JLRYDQH
$UGXLQR<~QLQWHJUDOHIXQ]LRQDOLWjGLXQPLFURFRQWUROORUHHUHGLWDWHGDOODIDPLJOLDGLSURGRWWL
GDLTXDOLGLVFHQGHFRQTXHOOHGLXQDFRPSOHWDVWUXWWXUDGLHODERUD]LRQHGRWDWDGLXQVLVWHPD
RSHUDWLYR GHOOD IDPLJOLD *18/LQX[ XQ DOWUR ´ILJOLR G·DUWHµ GL XQD IDPLJOLD FKH DIIRQGD OH
VXHRULJLQLLQXQORQWDQRSHULRGRHYROXWLYRGHOODVSHFLH´FRPSXWHUµ,QSDUWLFRODUHLOJHQHUH
´81,;µKDFDUDWWHUL]]DWRLOSDVVDJJLRGDLVLVWHPL&,6&DL5,6&GXHVLJOHFKHLQWHPSLQRQ
PROWR UHPRWL KDQQR VLJQLILFDWR XQD SURIRQGD ´FULVLµ FKH KD ODVFLDWR VXO FDPSR GHFLQH GL
PLJOLDLDGLODYRUDWRULQHOPRQGRGHOO·LQIRUPDWLFDPHQWUHOHD]LHQGHSL´HYROXWHµFHUFDYDQR
VXOPHUFDWRDOWUHPLJOLDLDGLILJXUHSURIHVVLRQDOL´LQQRYDWLYHµFKHVHPSOLFHPHQWHQRQF·HUDQR
DQFRUD
,Q TXHL WHPSL JLUDYD OD EDWWXWD FKH OD 1$6$ HUD DOOD GLVSHUDWD ULFHUFD GL DVWURQDXWL ´FRQ
HVSHULHQ]Dµ
&DSLWROR
,QWURGX]LRQH
7RUQDQGRDO*18/LQX[GL$UGXLQR<~QGLVFHQGHQWHGDOSDWULDUFD81,;HILJOLRGL0,1,;
TXHVWR VL SRQH RJJL DOO·DYDQJXDUGLD GHL VLVWHPL RSHUDWLYL ,O VXR LPSLHJR VWD GLYHQWDQGR
XQLYHUVDOHGDOOHSLFFROHVFKHGHFRPHOD<~QDSSXQWRDJOLVPDUWSKRQHWDEOHWQRWHERRN
3&HVHUYHUILQRDLSLLUUDJJLXQJLELOLVXSHUFRPSXWHUGLXQLYHUVLWjHFHQWULGLULFHUFDFKH
VFUXWDQRQHOO·XQLYHUVRSLORQWDQRHQHOO·DWRPRSLLQILQLWHVLPRDOODULFHUFDGHOODFRQRVFHQ
]DDVVROXWD
/·XQLRQHGLXQPLFURFRQWUROORUHGHOODFODVVH´$UGXLQRµLQWHJUDWDFRQXQSURFHVVRUHFKHRVSLWD
LOVLVWHPDRSHUDWLYR/LQLQRTXHVWRqLOQRPHGHOODGLVWULEX]LRQH*18/LQX[GL<~QQHIDQQR
XQVLVWHPD´HPEHGGHGµSDUWLFRODUPHQWHDGDWWRDUHDOL]]DUHDSSOLFD]LRQLSHUO·,QWHUQHWGHOOH
&RVHRYYHURSHUGDUH´LQWHOOLJHQ]DµDGRJJHWWLHVLVWHPLFKHLQWHUDJLUDQQRWUDORURJUD]LH
DOODUHWH,QWHUQHW
2JJHWWLFKHTXLQGLGHEERQRGLVSRUUHGLXQDFRQQHVVLRQHDOOD5HWHPHJOLRVHGLWLSRZLUHOHVV
SHUSRWHURSHUDUHVHQ]DFRQQHVVLRQHILVLFD
(WUDOHFDUDWWHULVWLFKHGL$UGXLQR<~QYLqSURSULRODGLVSRQLELOLWjGLXQPRGXOR:L)LLQJUDGR
GLFRQQHWWHUVLIDFLOPHQWHDTXDOVLDVLUHWH/$1HFRQWUROODWRDOWUHWWDQWRIDFLOPHQWHGDOVLVWH
PDRSHUDWLYR/LQLQR
$OPRPHQWR$UGXLQR<~QUDSSUHVHQWDODVLQWHVLLGHDOHSHUDIIURQWDUHTXHVWR´QXRYRPRQGRµ
GHOO·HYROX]LRQHWHFQRORJLFDHVRFLDOHHQRQIDUVLWURYDUHLPSUHSDUDWLDOOHVILGHGHOIXWXUR)X
WXURGRYHQHFHVVDULDPHQWHSDVVHUHPRLOUHVWRGHOODQRVWUDYLWD
3HUFKLqTXHVWROLEUR
4XHVWROLEURYXROHHVVHUHXQSLFFRORFRQWULEXWRSHUIDUFRPSLHUHLSULPLSDVVLQHOPRQGRGHOOD
WHFQRORJLDHPEHGGHGGDSDUWHGLFKLSURYLHQHGDOPRQGRGHLPLFURFRQWUROORUL$UGXLQRLQSDU
WLFRODUHPDDQFKHGLFKLVLDYYLFLQDSHUODSULPDYROWDDTXHVWLVLVWHPLËULYROWRVRSUDWWXWWR
D FKL FRQRVFH OD IDPLJOLD GL FRQWUROORUL $UGXLQR H YXROH DJJLXQJHUH DOOH VXH FRQRVFHQ]H OH
FDUDWWHULVWLFKHHOHSRVVLELOLWjGLLPSLHJRGHOODQXRYDVFKHGD$UGXLQR<~QSUREDELOPHQWHVROR
ODSULPDGLXQDQXRYDIDPLJOLDGLVLVWHPLFKHDIILDQFDQRODSUHVHQ]DGLXQPLFURFRQWUROORUHD
TXHOODGLXQSURFHVVRUHFKHRVSLWDXQVLVWHPDRSHUDWLYRGLFRQWUROORHJHVWLRQHFRPH*18
/LQX[
2YYLDPHQWHVRQREHQYHQXWLDQFKHLFXOWRULGHOO·HOHWWURQLFDDQDORJLFDGLJLWDOHHDQDORJLFD
GLJLWDOHJOLVYLOXSSDWRULGLVLVWHPLVXPLFURFRQWUROORULGRWDWLGL,2GLJLWDOLHGDQDORJLFLLSUR
JHWWLVWLGLVLVWHPLGLVWULEXLWLEDVDWLVXEXVFDEODWLUHWLGLFRPXQLFD]LRQHFRQHVHQ]DILOLFKH
YRJOLDQRFRPSUHQGHUHFRPHLQWHJUDUHOHORURDSSOLFD]LRQLLQVLVWHPLPXOWLSURFHVVRHPXOWL
WKUHDGHGRWDUOHGLFRQQHWWLYLWj,QWHUQHWHYLVLELOLWj:(%
$TXDQWLVRQRFRPSOHWDPHQWHDGLJLXQRGLSURJUDPPD]LRQHPDYRJOLRQRIRUWHPHQWHHQWUDUH
LQTXHVWRPRQGRFRQVLJOLDPRSULPDGLDIIURQWDUHODOHWWXUDGLTXHVWROLEURGLOHJJHUHHVWX
GLDUHLQRVWULSUHFHGHQWLOLEULGHGLFDWLDOPRQGR$UGXLQR
´3ULPLSDVVLFRQ$UGXLQR´H´$UGXLQR8123URJUDPPD]LRQHDYDQ]DWDHOLEUHULHGLVLVWHPDµ
6LVWHPLVWLDPPLQLVWUDWRULHVYLOXSSDWRUL*18/LQX[FKHFRQRVFRQRJOLDQIUDWWLSLUHFRQGLWL
GHOVLVWHPDRSHUDWLYRSLOLEHURGHOPRQGRQRQKDQQRFHUWRELVRJQRGLTXHVWHQRWH
6RQRFRPXQTXHLEHQYHQXWLVHYRJOLRQRVRGGLVIDUHODFXULRVLWjGLLQWHUIDFFLDUHLOORUREHQLD
PLQRFRQODVHPSOLFLWjSURSULDGHOODILORVRILDGL$UGXLQRD´RJJHWWLµILVLFLFRPHSHULIHULFKHGL
PLVXUDHFRQWUROORRDOWULPLFURFRQWUROORULLQPRGRGLUHWWRYLDUHWHRYLDEXV
&RV·qTXHVWROLEUR
/·LQWHQWRGLTXHVWROLEURqGLIRUQLUHXQVXSSRUWRFRQVSLHJD]LRQLSURJHWWLSUDWLFLPDSSHH
VFKHGHGLULIHULPHQWRSHUTXDQWLYRJOLRQRDSSURIRQGLUHO·DUFKLWHWWXUDFKHJRYHUQDODQXRYD
VFKHGD$UGXLQR<~QHFKHFRQFUHWL]]DLQXQRJJHWWRDOODSRUWDWDGLWXWWLLOPRQGRFKHLQWHJUD
HOHWWURQLFD VLVWHPL D PLFURFRQWUROORUL SHULIHULFKH KDUGZDUH VLVWHPL HPEHGGHG H ,QWHUQHW
FRQLOORURFRUUHGRGLVLVWHPLRSHUDWLYLHVRIWZDUHG·DPELHQWHHGLVYLOXSSR
,QWURGX]LRQH
,QWURGX]LRQH
&RVDQRQqTXHVWROLEUR
4XHVWROLEURQRQSXzHQRQYXROHHVVHUHXQPDQXDOHSHULPSDUDUHDSURJUDPPDUHFRQTXHVWR
RTXHOOLQJXDJJLRRGXQWXWRULDOSHULPSDUDUHDFRQILJXUDUHUHWLDPPLQLVWUDUHVLVWHPL*18
/LQX[RVYLOXSSDUHDSSOLFD]LRQL´FHUWLILFDWHµ3HUDIIURQWDUHLQPRGRVLVWHPDWLFRXQRRSLGH
JOLDUJRPHQWLWUDWWDWLHVLVWRQROLEULGHGLFDWLPROWREHQUHGDWWLHGXWLOLDLILQLGLGDWWLFL,QWHUQHW
qXQDLQHVDXULELOHIRQWHGLLQIRUPD]LRQLSHUDSSURIRQGLUHVLQJROLDUJRPHQWLRWURYDUHULVSRVWD
DSUREOHPDWLFKHVSHFLILFKHGLDUJRPHQWLGHLTXDOLVLKDJLjXQDGLVFUHWDSDGURQDQ]D,QTXHVWR
OLEURVLFHUFKHUjLQYHFHGLGDUHLOPDVVLPRGHOOHLQGLFD]LRQLSHURULHQWDUVLHGLVWULFDUVLLQIXWXUR
QHOODPDJJLRUSDUWHGHOOHVLWXD]LRQLLQFXLFLVLSXzWURYDUHQHOO·XWLOL]]DUHOHQXRYHDUFKLWHWWXUH
GHOODIDPLJOLD$UGXLQR8QDYROWDVXSHUDWHOHGLIILFROWjLQL]LDOLGRSRDYHUFRVWUXLWRFRQOHSUR
SULHPDQLXQ·DSSOLFD]LRQH´HPEHGGHGµFRPSOHWDHQRQSURSULREDQDOHDQFKHVHSUDWLFDPHQWH
VROR GLGDWWLFD FLDVFXQR SRWUj SURVHJXLUH OXQJR XQ SHUFRUVR SURSULR H FRQ SURSUL RELHWWLYL
VHJXHQGRHVLJHQ]HGLFUHVFLWDSURIHVVLRQDOHRDQFKHVRORGLVHPSOLFHFXULRVLWj
$UJRPHQWLWUDWWDWL
,QTXHVWROLEURYHQJRQRDIIURQWDWLDOOLYHOORGLSURIRQGLWjQHFHVVDULRSHU´DQGDUHDYDQWLµXQD
VHULHGLDPELHQWLDSSOLFD]LRQLHOLQJXDJJLGLSURJUDPPD]LRQHWXWWLULJRURVDPHQWHXWLOL]]DELOL
FRQOLFHQ]HRSHQ/·KDUGZDUHLQYHFHELVRJQDFRPSUDUORFKHVLWUDWWLGHOODVFKHGD$UGXLQR
<~QGLEDVHRGHLSURGRWWLHPDWHULDOLDJJLXQWLYLSHUUHDOL]]DUHLSURJHWWLSUHVHQWDWL,QSDUWLFR
ODUHLQTXHVWROLEURDSSURIRQGLDPRLVHJXHQWLDUJRPHQWL
‡/HFDUDWWHULVWLFKHWHFQLFKHGHOODVFKHGD$UGXLQR<~Q
‡/HQXRYHFDUDWWHULVWLFKHGHOO·,'(GLVYLOXSSR
‡/·DQDOLVLDSSURIRQGLWDGHOO·DUFKLWHWWXUDHGHOOHIXQ]LRQDOLWjGHOODQXRYDOLEUHULD%ULGJHFKH
FRVWLWXLVFHLOSRQWHGLFRPXQLFD]LRQHWUDLOPLFURFRQWUROORUH$UGXLQR$7PHJDXHLOSUR
FHVVRUH*18/LQX[/LQLQR$WKHURV$5
‡/·XWLOL]]RGHOODWHFQRORJLD5(67SHUORVYLOXSSRGLDSSOLFD]LRQLZHE
‡/RVYLOXSSRGLXQDDSSOLFD]LRQHGLDXWRPD]LRQHFRQJHVWLRQHGLLQJUHVVLHXVFLWHGLJLWDOLHG
DQDORJLFKHDFFHVVLELOHYLDSDJLQH+70/
‡/·LQVWDOOD]LRQHHFRQILJXUD]LRQHGHOSDFFKHWWRPRWLRQSHUODJHVWLRQHGLXQIOXVVRYLGHRFRQ
ODSRVVLELOLWjGLLQWHUFHWWDUHPRYLPHQWLQHOFDPSRYLVLYRGHOODWHOHFDPHUD
‡/DFRQILJXUD]LRQHGLXQDUHWHGLVFKHGH$UGXLQR<~Q
‡/·LQWHJUD]LRQHGHLGXHSURJHWWLSUHFHGHQWLLQXQ·XQLFDDSSOLFD]LRQHZHEPXOWLSDJLQD
‡&RPHVSHGLUHPDLOHPHVVDJJLGD$UGXLQR<~Q
‡/DFRQILJXUD]LRQHGLXQDUHWHGLVFKHGH$UGXLQR<~Q
‡/·DPELHQWHGLDPPLQLVWUD]LRQHGLVLVWHPD/X&,
‡6HUYHU66+
‡7HUPLQDOHDOLQHDGLFRPDQGRHVKHOO%DVK
‡/LQJXDJJLR3\WKRQ
‡+70/
‡-DYDVFULSW
‡$MD[
1HOOLEURVRQRFRQWHQXWLWXWWLLOLVWDWLGHLSURJUDPPLHGHOOHFRQILJXUD]LRQLQHFHVVDULHDUHDOL]
]DUHLSURJHWWLGLULIHULPHQWRGHVFULWWLDOO·LQWHUQRGHOOLEURVWHVVR
,QRJQLFDVRSHUHYLWDUHGLHGLWDUOLLSURJUDPPLVRQRVFDULFDELOLOLEHUDPHQWHGDOVLWRGL(OHW
WURQLFD,QDOO·LQGLUL]]RKWWSOLEULHOHWWURQLFDLQLW
(VFOXVLRQL
,QTXHVWROLEURQRQqLQFOXVDODVFKHGD$UGXLQR<~QLFLUFXLWLVWDPSDWLHWXWWLJOLDOWULFRPSR
QHQWLKDUGZDUHSHUUHDOL]]DUHLSURJHWWLGHVFULWWL,QRJQLFDVRWXWWLLFRPSRQHQWLVRQRIDFLOPHQ
WHUHSHULELOLSUHVVR)XWXUD(OHWWURQLFDZZZIXWXUDVKRSLW
&DSLWROR
,QWURGX]LRQH
1RQVRQRFRPSUHVLDQFKHFDIIqELELWHWHPSRGDGHGLFDUHQRWWLLQVRQQLFRUWRFLUFXLWLHWXWWD
OD IDWLFD H OD GHWHUPLQD]LRQH QHFHVVDULD D OHJJHUH FDSLUH SURYDUH HG DFTXLVLUH FRQFHWWL H
DUJRPHQWLGLGLVFLSOLQHGLYHUVHDVYLOXSSDUHQXRYHFRQRVFHQ]HHGDELOLWj
6WUXWWXUDHFRQYHQ]LRQLDGRWWDWHQHOOLEUR
1HOODVWHVXUDGLTXHVWROLEURVLqSULYLOHJLDWRLOULVSHWWRGHOSHUFRUVRSDVVRSDVVRFRUUHGDWR
GDLPPDJLQLFKHVSHULDPRDLXWLQRDFKLDULUHGXEELHLQFHUWH]]H$EELDPRDSSURIRQGLWRDOFXQL
DUJRPHQWLIRUQHQGRWDEHOOHGLFRPDQGLRVFKHPLGLIXQ]LRQDPHQWRSHUTXHJOLDUJRPHQWLFKH
ULWHQLDPRVLDQRGLXWLOLWjJHQHUDOHDFKLVLYXROHLQWHUHVVDUHD*18/LQX[$EELDPRLQVHULWR
DQFKHGXH´PDSSHGLULIHULPHQWRµGHOO·DSSOLFD]LRQHFKHDQGLDPRDUHDOL]]DUHXQDFRQORVFKH
PDJHQHUDOHGHOO·DSSOLFD]LRQHDUULFFKLWDGLULTXDGULFRQFRPDQGLXWLOLULIHULPHQWLDOO·KDUGZDUH
HDOOHFRQILJXUD]LRQLVRIWZDUHROWUHDJOLVSD]LSHUULFRUGDUHXWHQWLHSDVVZRUGGHLYDULDPELHQ
WL/DVHFRQGDPDSSDqGHGLFDWDDOODVWUXWWXUDGDWLGLVXSSRUWRDOO·DSSOLFD]LRQH,OFRQVLJOLRq
GLIRWRFRSLDUOHHWHQHUOHVHPSUHD´SRUWDWDGLPDQRµXQSR·FRPHOHFDUWLQHJHRJUDILFKHQHL
YLDJJLYHUL
8OWLPHDYYHUWHQ]H
/HWHFQRORJLHHGLSURGRWWLSUHVHQWDWLLQTXHVWROLEURVRQRLQFRQWLQXDHYROX]LRQH)LQRDOOD
GDWDGLSXEEOLFD]LRQHDEELDPRPDQWHQXWRDJJLRUQDWHOHYHUVLRQLGLSDFFKHWWLHOLEUHULHXWLOL]]D
WHPDQRQSRVVLDPRSUHYHGHUHTXDOFKHFDPELDPHQWRGLFRPSRUWDPHQWRQHLULODVFLVXFFHVVLYL
1RQRVWDQWHODQRVWUDDWWHQ]LRQHSXzHVVHUHVFDSSDWRDQFKHTXDOFKHHUURUHGHOODTXDOFRVD
FLVFXVLDPRLQDQWLFLSR
1RQFLSUHQGLDPRUHVSRQVDELOLWjSHUTXHVWRWLSRGLHUURULRGRPLVVLRQL
1HLOLPLWLGHOSRVVLELOHQHOVLWRGRYHSRWHWHVFDULFDUHLOLVWDWLGHJOLHVHPSLLQVHULUHPRQRWHGL
DLXWRHGHYHQWXDOLFRUUH]LRQL
%HQHPHWWHWHYLFRPRGLHEXRQDOHWWXUD
,QWURGX]LRQH
$SULDPRODVFDWROD
$SULDPR
ODVFDWROD
'LIÀFLOHFUHGHUHFKHLQXQDVFDWRODFRVuSLFFRODYLVLDWDQWD
WHFQRORJLD(DQFKHIDFLOHGDXVDUH
3UHVDLQPDQRODFRQIH]LRQHQDVFHODSULPDGRPDQGDVLFXULFKHVLDXQD<~Q"/DVFDWRODq
GHOOHVWHVVHGLPHQVLRQLGLTXHOODGL$UGXLQR8QR6uqSURSULRXQD<~Q$SSHQDSUHVDLQPDQR
HWROWDGDOODVFDWRODQRQVLUHVLVWHDOODWHQWD]LRQHGLSURYDUODSHUYHULILFDUQHOHFDUDWWHULVWLFKH
LQQRYDWLYHDQWLFLSDWHQHOOHSUHVHQWD]LRQLXIILFLDOL/DVFKHGDLQWHJUDOHFDUDWWHULVWLFKHGLXQ
$UGXLQR/HRQDUGRVWDQGDUGFRQXQDVH]LRQHKDUGZDUHDJJLXQWLYDGRWDWDGLXQSURFHVVRUHLQ
JUDGRGLRVSLWDUHXQDGLVWULEX]LRQH*18/LQX[FRPSOHWDQHOODIDWWLVSHFLH/LQLQRXQGHULYDWR
GL2SHQ:57VSHFLILFDWDPHQWHGHVWLQDWDDOODFRQQHWWLYLWj,QWHUQHWqODGLVWULEX]LRQHRSHQ
VRXUFHXWLOL]]DWDQHLURXWHUHGDFFHVVSRLQW:L)L$SSDUHHYLGHQWHDQFKHODSUHVHQ]DGLXQ
PRGXOR:L)L5LJLUDQGRODWUDOHPDQLVLQRWDQRDQFRUDGXHSUHVH86%XQDSUHVD(WKHUQHW
)LJ
$SULDPRODVFDWROD
$SULDPRODVFDWROD
)LJ
XQDOORJJLDPHQWRSHUXQDPLFUR6'&DUGHLFRQQHWWRULVWDQGDUGGLXQDVFKHGD$UGXLQR6RQR
LQROWUHSUHVHQWLWUHSXOVDQWLHXQFRQQHWWRUHSHUFROOHJDUHXQ·DQWHQQDHVWHUQDDOPRGXOR:L)L
,OWXWWRFLUFRQGDWRGDXQDPDQFLDWDGLHOHWWURQLFD60'SRVL]LRQDWDVXHQWUDPEHOHIDFFHGHO
FLUFXLWRVWDPSDWR1RWLDPRXQ·XOWHULRUHFDUDWWHULVWLFDGDOO·LQGXEELDXWLOLWjVXLODWLHVWHUQLGHL
FRQQHWWRULSHUJOLVKLHOGVRQRVHULJUDIDWLLULIHULPHQWLSULQFLSDOLGHLVLQJROLSLQFKHSHUPHWWRQR
GLXWLOL]]DUHODVFKHGDVHQ]DELVRJQRGHOORVFKHPDGHLFROOHJDPHQWL9ROHQGRDYHUHXQDSSURF
FLRWLSLFRGD´VPDQHWWRQLµSULPDGLDSSURIRQGLUHXOWHULRUPHQWHOHFDUDWWHULVWLFKHGHOODVFKHGD
SURYLDPRDYHGHUHFRVDVXFFHGHGDQGRWHQVLRQH'XQTXHFROOHJKLDPRXQFDYRGLUHWHDOOD
SUHVD(WKHUQHWGL$UGXLQR<~QSHUFRQQHWWHUODDOODQRVWUDUHWH/$1RSSXUHSLVHPSOLFH
PHQWHGLDPRDOLPHQWD]LRQHPHGLDQWHXQDOLPHQWDWRUHD9FRQSUHVDPLFUR86%TXHOODSHU
ODULFDULFDGHLWHOHIRQLQLSHULQWHQGHUFLGDFROOHJDUHDOFRQQHWWRUHPLFUR86%SRVL]LRQDWR
DOFHQWURGHOODVFKHGD,O/('21VLDFFHQGHGLXQEHOYHUGH6HFROOHJKLDPRLOFDYRGLUHWH
GRSR XQ SR· LO /(' :$1 GLYHQWD JLDOOR $OWULPHQWL DQGLDPR QHOOD IXQ]LRQH ´9LVXDOL]]D UHWL
GLVSRQLELOLµGHOODFRQQHVVLRQH:L)LGHOQRVWUR3&HDVSHWWLDPRGLYHGHUHDSSDULUHXQ$FFHVV
3RLQWGLQRPH´$UGXLQR<~QPDFDGGUHVVGHOODVFKHGD!µ&RQQHWWLDPRFL
$SULDPRXQEURZVHUHGLJLWLDPRO·LQGLUL]]R
KWWSDUGXLQRORFDO
6RUSUHVDRWWHQLDPRODSDJLQDYLVLELOHLQ)LJ
,QVHULDPRODSDVVZRUG´DUGXLQRµqODSDVVZRUGGHOO·XWHQWH´URRWµSUHGHILQLWRQRQVSDYHQWD
WHYLqXQVLVWHPD*18/LQX[QHOUHVWRGHOOLEURYHGUHPRGLIXJDUHRJQLGXEELRHYHGLDPR
FRVDVXFFHGH2WWHQLDPRODSDJLQDYLVLELOHLQ)LJFKHFLPRVWUDODFRQILJXUD]LRQHGHOOH
LQWHUIDFFHGLUHWHDWWLYH*LjTXHVWDSDJLQDFLGLFHPROWHFRVH<~QQDVFHFRQXQVLVWHPD
RSHUDWLYR*18/LQX[SUHLQVWDOODWRFRQOHLQWHUIDFFHGLUHWHJLjFRQILJXUDWHHGXQZHEVHUYHU
DWWLYRFRQO·DSSOLFD]LRQH/X&,VSLHJKHUHPRDQFKHTXHVWRJLjLQVWDOODWDSHUFRQVHQWLUHXQD
VHPSOLFHFRQILJXUD]LRQHGHOIXQ]LRQDPHQWRODWR*18/LQX[
$SURSRVLWRDYHWHQRWDWRFKHSHULOSULPRDFFHVVRDEELDPRXVDWRXQQRPHDUGXLQRORFDO
HQRQXQLQGLUL]]R,3"4XHVWRVLJQLILFDFKHVHFLFROOHJKLDPRDGXQD/$1HVLVWHQWHQRQq
QHFHVVDULRGDUHODFDFFLDDOO·LQGLUL]]R,3DVVHJQDWRD<~QGDOVHUYHU'+&3'\QDPLF+RVW
&RQILJXUDWLRQ3URWRFROGHOODQRVWUDUHWHPDSRVVLDPRDFFHGHUHGLUHWWDPHQWHFRQLOQRPH
KRVWGHOODVFKHGDLQTXDQWRODGLVWULEX]LRQH*18/LQX[GL<~QRULHQWDWDDOODFRQQHWWLYLWjq
GRWDWDGLXQVHUYHU'16'RPDLQ1DPH6\VWHPLQWHUQR
1HOOD)LJYHGLDPRSRLTXDO·qO·LQGLUL]]R,3DVVHJQDWRDOODVFKHGDODWR:$1VHDEELDPR
&DSLWROR
$SULDPRODVFDWROD
FROOHJDWR XQ FDYR GL UHWH H OD FRQILJXUD]LR
QH GHOOD VH]LRQH :L)L JLj DWWLYD H SUHFRQIL
JXUDWDFRPHDFFHVVSRLQWFRQXQ,3VWDWLFR
1LHQWH PRQLWRU QLHQWH
WDVWLHUD Qp PRXVH YROHQGR QLHQWH FROOHJD
PHQWR86%FRO3&HQLHQWHFDYRGLUHWH,O
WXWWRqILQDOL]]DWRDIDFLOLWDUHOHFRVHDFKLq
DOOHSULPHDUPL
&RQWLQXLDPRDFXULRVDUHHIDFFLDPRFOLFVXO
JURVVRSXOVDQWH´&RQILJXUHµLQDOWRDGHVWUD
GHOOD SDJLQD RWWHQLDPR XQ·XOWHULRUH SDJLQD
GL FRQILJXUD]LRQH )LJ FKH ULSRUWD LQ
DOWRDGHVWUDXQOLQNFKHDWWLUDODQRVWUDDW
WHQ]LRQH 3ULPD SHUz QH DSSURILWWLDPR SHU
FRQILJXUDUH OD 7,0(=21( FRUUHWWD (XUR
SH5RPHHVHOH]LRQDUHLOFKHFNER[´2SHQµ
QHOOD VH]LRQH ´5HVW $3, $FFHVVµ GL TXHVWR
SDUOHUHPRLQVHJXLWR
%HQHFOLFFKLDPRVXOOLQN´DGYDQFHGFRQILJX
UDWLRQ SDQHOµ HG HQWULDPR LQ XQ YHUR H SUR
SULR DPELHQWH GL DPPLQLVWUD]LRQH YLVLELOH
LQ )LJ 'DO PHQX LQ DOWR LQ VWLOH *RR
JOH SRVVLDPR DFFHGHUH DOOH GLYHUVH VH]LRQL
GL DPPLQLVWUD]LRQH GHO VLVWHPD *18/LQX[
)LJH
/D GLVWULEX]LRQH SHUVRQDOL]]DWD SHU $UGXLQR
<~Q VL FKLDPD ´/LQLQRµ H FRPH JLj GHWWR
H FRPH SRVVLDPR YHGHUH GDO PHQX GL FRQ
ILJXUD]LRQH q GHULYDWD GD 2SHQ :57 6H
SHUFXULRVLWjDQGLDPRDOODVH]LRQH´1HWZRUNµ
! ´:LILµ H DOO·LQWHUQR GHOOD SDJLQD FOLFFKLD
PR VXO SXOVDQWH ´(GLWµ VFRUUHQGR OD SDJLQD
YHUVR LO EDVVR WURYLDPR OD VH]LRQH FKH FL
SHUPHWWHGLFRQILJXUDUHLOPRGXOR:L)LGHOOD
VFKHGDQHOOHGLYHUVHPRGDOLWj$FFHVV3RLQW
&OLHQW$G+RFHFF/HDOWUHVH]LRQLFLFRQ
VHQWRQRGLLPSRVWDUHOHUHJROHGLVLFXUH]]D
GHJOLDFFHVVL)LUHZDOOOHUHJROHGL5RXWLQJ
OD FRQILJXUD]LRQH GHL VHUYHU '+&3 H '16
,QGHILQLWLYDFLWURYLDPRGLIURQWHDGXQYHUR
H SURSULR GLVSRVLWLYR GL FRQQHWWLYLWj FKH FL
SHUPHWWHUjGLULVROYHUHXQDYDVWDJDPPDGL
DSSOLFD]LRQLGLHVLJHQ]HGLHODERUD]LRQHHGL
FRQILJXUD]LRQHGLUHWH
&RQFLzFKHDEELDPRDSSHQDYLVWRFLVDUHE
EH PDWHULDOH VXIILFLHQWH D VFULYHUH XQ OLEUR
DSSXQWRVXOOHSRVVLELOLWjGLTXHVWDVFKHGD
ODTXDOHFRQWLHQHXQDYHUDHSURSULDDUFKLWHW
WXUDLQWHJUDWDFKHULXQLVFHLQSRFKLFHQWLPH
WULTXDGUDWLXQDFFHVVSRLQW:L)LXQVLVWHPD
*18/LQX[ FRQ DSSOLFD]LRQL ZHE JLj GLVSR
)LJ
)LJ
)LJ
$SULDPRODVFDWROD
$SULDPRODVFDWROD
QLELOLHGXQPLFURFRQWUROORUH$UGXLQRLQJUDGR
GL LQWHUIDFFLDUVL DO PRQGR HVWHUQR QHL PRGL
FKH JLj FRQRVFLDPR $K JLj TXDVL FL VWDYD
PRGLPHQWLFDQGRFKHVWLDPRXWLOL]]DQGRXQD
VFKHGD$UGXLQR
$TXHVWRSXQWRQRQSRVVLDPRQRQVRWWROLQH
DUHODYDOHQ]DGLGDWWLFDGLTXHVWRGLVSRVLWLYR
FKHDOO·DSSURFFLRVHPSOLILFDWRDOODSURJUDP
PD]LRQH GHL PLFURFRQWUROORUL GHOOD IDPLJOLD
$UGXLQRDIILDQFDODSRVVLELOLWjGLDYYLFLQDUVL
LQ PRGR DOWUHWWDQWR VHPSOLILFDWR DO PRQGR
*18/LQX[QHOODVXDFRQILJXUD]LRQHHPEHG
GHGHGDOPRQGRGHOODFRQQHWWLYLWjZLUHOHVVH
GLUHWHLQJHQHUDOHQHOOHVXHGLYHUVHFRQILJX
UD]LRQL6FRSRGLTXHVWROLEURqDSSURIRQGLUH
SURSULR TXHVWL DUJRPHQWL EHQ FRQVDSHYROL
FKHLPRQGLGHOO·HOHWWURQLFDGHOO·LQIRUPDWLFD
HGHOOHDUFKLWHWWXUHGLUHWHVLVWDQQRIRQGHQ
GRLQXQWXWW·XQRIRUWHPHQWHLQWHJUDWR
'D TXHVWR SXQWR GL YLVWD $UGXLQR <~Q UDS
SUHVHQWD LO SXQWR GL SDUWHQ]D RWWLPDOH SHU
LQL]LDUH D VSHULPHQWDUH O·LQWHJUD]LRQH GHOOH
GLYHUVH GLVFLSOLQH HOHWWURQLFKH LQIRUPDWLFKH
HGLUHWHROWUHFKHSHUUHDOL]]DUHDSSOLFD]LRQL
FKHXQLVFRQRO·DFTXLVL]LRQHHGHODERUD]LRQH
GL GDWL SURYHQLHQWL GD VHQVRUL FRQ OD SXEEOL
FD]LRQH H JHVWLRQH GHJOL VWHVVL GDO PRQGR
HVWHUQR6LFXUDPHQWHVXOPHUFDWRDSSDULUDQ
QRQXRYHHSLSRWHQWLERDUGFKHVLULIDUDQ
QR D TXHVWD ILORVRILD PD L FRQFHWWL GL EDVH
UHODWLYLDOO·LPSLHJRGL/LQX[HGDOODJHVWLRQH
GHOOHUHWLQRQFDPELHUDQQR,FRQFHWWLDSSUH
VLULPDUUDQQRVHPSUHYDOLGL
3RWUHPRWURYDUHVFKHGHFRQDERUGRXQVROR
SURFHVVRUHXQSURFHVVRUHDIILDQFDWRGDXQ
PLFURFRQWUROORUHXQSURFHVVRUH´JHVWLRQDOHµ
SLXQWHVVXWR)3*$HYLDGLVHJXLWRPDOH
FRQILJXUD]LRQL GL EDVH H TXHOOH UHODWLYH DOOD
FRQQHWWLYLWjQRQFDPELHUDQQR
)LJ
)LJ
/·,'(GL$UGXLQR
9LVWRFKH VWLDPRXWLOL]]DQGR XQD VFKHGD $U
GXLQR DQFKH VH XQ SR· VSHFLDOH SURYLDPR
DFRPSLODUHHFDULFDUHXQSULPRVNHWFK3HU
IDUOR QHOOD PLJOLRUH WUDGL]LRQH GHOOH VFKHGH
$UGXLQR XWLOL]]LDPR O·,'( GL VYLOXSSR 6LF
FRPH DEELDPR D FKH IDUH FRQ XQD VFKHGD
QXRYD DEELDPR ELVRJQR GHOO·,'( SL QXRYR
SRVVLELOH/RVFDULFKLDPRGDOVLWRGL$UGXLQR
DOO·LQGLUL]]R KWWSDUGXLQRFFHQPDLQVRI
WZDUH Ë QHFHVVDULR VFDULFDUH L GXH ILOH DU
)LJ
&DSLWROR
$SULDPRODVFDWROD
GXLQRUZLQGRZVH[H H DUGXLQR
UZLQGRZV]LSRVHHVLVWRQROHUHOHDVHSL
DJJLRUQDWH,OSULPRILOHSHUPHWWHGLFDULFDUH
LGULYHU86%QHFHVVDULDULFRQRVFHUHODVFKH
GD<~QHDGLQVWDOODUHO·DSSOLFDWLYR,'(YHUR
HSURSULR4XLQGLHVHJXLDPRLOSULPRILOHDF
FHWWLDPR L WHUPLQL GL OLFHQ]D VHOH]LRQLDPR
WXWWHOHRS]LRQLFRPHLQ)LJ
$OOH ULFKLHVWH GHOOH VFKHUPDWH VXFFHVVLYH
ULVSRQGLDPR FRQ ´,QVWDOODµ )LJ HG
DOOD ILQH FRQIHUPLDPR FRQ ´&ORVHµ )LJ
7HUPLQDWDO·LQVWDOOD]LRQHODQFLDPRO·,'(
GDOO·LFRQD VXO GHVNWRS R GDO PHQX ´6WDUWµ
,Q TXHVWR PRGR DSULDPR OD FRQVXHWD LQWHU
IDFFLDGHOO·,'(FRQWHQHQWHDOFXQHQRYLWj,Q
)LJYHGLDPRODFRQILJXUD]LRQHGHOODSRU
WDGLFRPXQLFD]LRQHWUD,'(HVFKHGD<~QLQ
UHDOWjFLYLHQHSUHVHQWDWRO·LQGLUL]]R,3GHOOD
VFKHGDORVHOH]LRQLDPRHGDWWLYLDPRLOFDQD
OH GL FRPXQLFD]LRQH VHQ]D QHFHVVLWj GL FRO
OHJDUHFDYL86%HLQVWDOODUHGULYHU
7HQLDPR SUHVHQWH FKH TXHVWR PHWRGR IXQ
]LRQDVLDFKHODVFKHGDVLDFROOHJDWDLQPR
GDOLWjZLUHOHVVFKHPHGLDQWHLOFDYRGLUHWH
(WKHUQHW 4XHVWR FRVWLWXLVFH XQD JURVVD LQ
QRYD]LRQHULVSHWWRDOSDVVDWRSHUPHWWHQGR
GLSURJUDPPDUHHFRQILJXUDUHOD<~QDQFKH
VH TXHVWD VL WURYD LQ XQ OXRJR LQDFFHVVLEL
OH R PRQWDWD VRSUD XQ GLVSRVLWLYR PRELOH
FRPH DG HVHPSLR XQ URERW )DWWD OD VFHOWD
GHOOD SRUWD GL FRPXQLFD]LRQH QRQ FL UHVWD
FKH FRQILJXUDUH LO WLSR GL GLVSRVLWLYR RY
YLDPHQWH $UGXLQR <~Q WUDPLWH LO SHUFRUVR
´6WUXPHQWLµ!!µ%RDUGµ
8QD VROD QRWD VH DYHWH OD VFKHGD FROOHJD
WD LQ :L)L H QRQ ULXVFLWH SURSULR D YHGHUOD
QHOO·HOHQFR GHOOH ´3RUWµ DQFKH GRSR GLYHUVL
WHQWDWLYL SUREDELOPHQWH LO FROOHJDPHQWR YLH
QHEORFFDWRGDO)LUHZDOODWWLYRVXOYRVWUR3&
QHOODFRQILJXUD]LRQHGLUHWHRQHOOHLPSRVWD
]LRQLGHOO·DQWLYLUXV6HQHFHVVDULRFRQILJXUD
WH LO ILUHZDOO LQ PRGR GD FRQVHQWLUH O·DFFHV
VR VXOOD SRUWD 8'3 VLD GD FKH YHUVR
O·HVWHUQRHGLOSUREOHPDVLGRYUHEEHULVROYH
UH,QDOWHUQDWLYDFROOHJDWH$UGXLQR<~QDOOD
/$1FRQXQFDYRGLUHWHRSSXUHYLD86%
)LJ
)LJ
)LJ
$FFHQGLDPRXQ/('
3HUSURYDUHFKHWXWWRIXQ]LRQLFDULFKLDPROR
VNHWFKGLHVHPSLRFKHFLSHUPHWWHGL´DFFHQ
GHUHXQ/('µFKHqO·HTXLYDOHQWHHVHUFL]LR
)LJ
$SULDPRODVFDWROD
$SULDPRODVFDWROD
)LJ
)LJ
HOHWWURQLFRGHOO·µ+HOOR:RUOGµSHULSURJUDPPLDSSOLFDWLYL
1HO PHQX GHOO·,'( DQGLDPR DOOD YRFH ´)LOHµ!!µ(VHPSLµ!!µ%DVLFVµ H VHOH]LRQLDPR
O·HVHPSLR´%OLQNµ
3HUTXHVWRHVHUFL]LRQRQDEELDPRELVRJQRGLFROOHJDUHDOFXQ/('LQTXDQWRORVNHWFKGLHVHP
SLRXWLOL]]DLOSLQFKHqFROOHJDWRDOSLFFROR/('URVVRVXOODVFKHGD
8QDYROWDFDULFDWRORVNHWFKSRVVLDPRWUDVIHULUORVXOODVFKHGDFRQLOWDVWR´&DULFDµTXHOOR
FRQO·LFRQDFKHUDSSUHVHQWDXQDIUHFFLDFRQODSXQWDDGHVWUD 1HOODPLJOLRUHWUDGL]LRQHGL
$UGXLQRORVNHWFKYLHQHSULPDFRPSLODWRHSRLWUDVIHULWR)LJ
$OWHUPLQHYHGUHPRODPSHJJLDUHLO/('URVVR)LJ6HORYHGHYDWHJLjODPSHJJLDUHSUL
PDGLFDULFDUHORVNHWFKVLJQLILFDFKHORVWHVVRVNHWFKqJLjVWDWRFDULFDWRLQIDEEULFD'LYHU
WLWHYLDPRGLILFDUHOHIUHTXHQ]HGLODPSHJJLR3HUFKpQRQPRGLILFDUHORVNHWFKSHUFRPXQLFDUH
´+HOORZRUOGµLQDOIDEHWRPRUVHFRQLOODPSHJJuRGHO/('"
6HVLHWHDOOHSULPHDUPLFRQ$UGXLQRGDTXHVWRPRPHQWRSRWHWHDSSURIRQGLUQHODFRQRVFHQ
]DFRQOHVSLHJD]LRQLHJOLHVHUFL]LFRQWHQXWLQHOOLEUR´3ULPLSDVVLFRQ$UGXLQRµËRUDLOPR
PHQWRGLIHUPDUVLXQDWWLPRHDSSURIRQGLUHOHFDUDWWHULVWLFKHJHQHUDOLGHOOD<~Q/DVFLDPROD
SXUHDFFHVDHSDVVLDPRDLFDSLWROLVXFFHVVLYL
&DSLWROR
&DUDWWHULVWLFKHWHFQLFKH
&DUDWWHULVWLFKH
WHFQLFKH
6RIIHUPLDPRFLVXOOHFDUDWWHULVWLFKHWHFQLFKHHVXOOHULVRUVH
KDUGZDUHHVRIWZDUHGHOODQXRYDERDUG$UGXLQR<~Q8QDQRWHYROH
HYROX]LRQHULVSHWWRDOOHSUHFHGHQWLVFKHGHGHOODVWHVVDIDPLJOLD
'DOSXQWRGLYLVWDDUFKLWHWWXUDOHODVFKHGD$UGXLQR<~QqODFRPELQD]LRQHGLXQPLFURFRQWURO
ORUHEDVDWRVXOFKLS$7PHJDXORVWHVVRGL$UGXLQR/HRQDUGRFRQXQSURFHVVRUH$WKHURV
$5,OSURFHVVRUH$WKHURVVXSSRUWDODGLVWULEX]LRQH*18/LQX[´/LQLQRµGHULYDWDDVXD
YROWDGDOODGLVWULEX]LRQH2SHQ:57ODGLVWULEX]LRQHSUHIHULWDSHUJOL$FFHVV3RLQW:L)LRSHQ
VRXUFH4XHVWDqODSULPDJUDQGHQRYLWjGLTXHVWDVFKHGDO·XWLOL]]RGLXQVLVWHPDGLJHVWLRQH
GHOOD FRQQHWWLYLWj EDVDWR VX *18/LQX[ /·DOWUD JUDQGH HYROX]LRQH q O·DGR]LRQH H O·LQWHJUD
]LRQHGLXQPRGXORZLUHOHVVLQJUDGRGLLQGLUL]]DUHOHFODVVLFKHIXQ]LRQDOLWj$UGXLQRYHUVRLO
PRQGR HVWHUQR HG LQ SDUWLFRODUH YHUVR O·,QWHUQHW GHOOH FRVH ,Q EHOOD YLVWD q LQIDWWL YLVLELOH
ROWUHDOFRQQHWWRUH(WKHUQHWXQPRGXOR:L)LFRQWDQWRGLSUHVDSHUFROOHJDUHXQ·DQWHQQD
HVWHUQD6RQRLQROWUHSUHVHQWLFRPHSHULIHULFKHGHOSURFHVVRUH$WKHURVXQDSRUWD86%GL
WLSR$JUDQGHXQRVORWSHUXQDPLFUR6'&DUGILQRD*%HGXHSXOVDQWLGLUHVHW,OPLFUR
FRQWUROORUHHVSRQHSLQGL,2VHWWHGHLTXDOLSRVVRQRHVVHUHXVDWLFRPHXVFLWH3:0H
FRPHLQJUHVVLDQDORJLFLXQDSRUWDPLFUR86%XQFRQQHWWRUH,&63HGXQSXOVDQWHGLUHVHW
6HWWH/('FRQLORURVHJQDOLFRORUDWLGDQQRLPPHGLDWDYLVLRQHGHOORVWDWRGLIXQ]LRQDPHQWR
GHOODVFKHGD
3HUFLDVFXQD´VH]LRQHµGHOODVFKHGDULSRUWLDPROHFDUDWWHULVWLFKHWHFQLFKHHGHOHWWULFKH
8QD SDUWLFRODUH DWWHQ]LRQH q ULFKLHVWD SHU O·DOLPHQWD]LRQH GHOOD VFKHGD $UGXLQR <~Q QRQ
)LJ
&DUDWWHULVWLFKHWHFQLFKH
,OWHVWRGLTXHVWRHVWUDWWR
JUDWXLWRILQLVFHTXL
,OOLEURFRPSOHWRqDFTXLVWDELOH
LQHGLFRODRSSXUH
RQOLQHVX
ZZZIXWXUDVKRSLW
&RG<81%22.
3UH]]Rĺ
Scarica

Senza titolo-1