
e
L1
$SSOLFDWLRQ ,QIRUPDWLRQ
$33/,&$7,21 ,1)250$7,21
3RZHU 5HTXLUHPHQWV
7KH /;7êêì LV D ORZeSRZHU &026 GHYLFH ,W RSHUDWHV
IURP D VLQJOH òè 9 SRZHU VXSSO\ ZKLFK FDQ EH WLHG WR DOO
WKUHH 9&& LQSXWV +RZHYHU DOO LQSXWV PXVW EH ZLWKLQ ‘ ê
9 RI HDFK RWKHU DQG GHFRXSOHG WR WKHLU UHVSHFWLYH JURXQGV
VHSDUDWHO\ ,VRODWLRQ EHWZHHQ WKH WUDQVPLW DQG UHFHLYH FLUe
FXLWV LV SURYLGHG LQWHUQDOO\ 'XULQJ QRUPDO RSHUDWLRQ RU
DQDORJ ORRSEDFN WKH WUDQVPLWWHU SRZHUV GRZQ LI 7&/. LV
QRW VXSSOLHG
/LQH ,QWHUIDFH 5HTXLUHPHQWV
7DEOH OLVWV WUDQVIRUPHU YDOXHV IRU ìèéé 0ESV DQG íé
0ESV DSSOLFDWLRQV 7DEOH VKRZV FRPELQDWLRQV RI WUDQVe
IRUPHUV VHULHV UHVLVWRUV DQG WKH /(1
[Q
VHWWLQJV WKDW SURe
GXFH D YDULHW\ RI UHWXUQ ORVV YDOXHV
7DEOH 5HFRPPHQGHG 7UDQVIRUPHU 9DOXHV
ìèéé 0ESV 7ì $SSOLFDWLRQV
)LJXUH ìì RQ SDJH ìíí VKRZV D W\SLFDO KRVW PRGH DSSOLFDe
WLRQ 7KH HLJKW VHULDO LQWHUIDFH SLQV DUH JURXSHG DW WKH WRS
+RVW PRGH LV VHOHFWHG E\ WKH FORFN LQSXW WR 63( 2WKHU
PRGH VHOHFWLRQ SLQV DUH VKRZQ DW WKH ERWWRP :LWK WKH
7567( SLQ SXOOHG /RZ WKH /;7êêì RSHUDWHV QRUPDOO\
3XOOLQJ WKLV SLQ +LJK FDXVHV DOO RXWSXWV WR JR WR D KLJK
LPSHGDQFH VWDWH
)LJXUH ìì RQ
/;3íí$ &ORFN$GDSWHU&/$' FRQYHUWV WKH íé 0+]
EDFNSODQH FORFN WR SURYLGH WKH ìèéé 0+] LQSXW WR WKH
0&/. DQG 7&/. LQSXWV RI ERWK /,8 SRUWV
SDJH ìíí VKRZV D SDLU RI IUDPHUV $Q
7KH ')0 LQGLFDWRU VKRZQ LQ WKH GLDJUDP ORZHU OHIW LV
DYDLODEOH WR GULYH RSWLRQDO H[WHUQDO FLUFXLWV 7KH GULYHU
SRZHU VXSSO\ LQSXWV ERWWRP DUH WLHG WR D FRPPRQ EXV
ZLWK
μ
) GHFRXSOLQJ FDSDFLWRUV LQVWDOOHG 7KH SRZHU VXSe
SO\IRUWKHUHPDLQLQJQRQeGULYHUFLUFXLWU\LVVKRZQDWFHQe
WHU ULJKW ZLWK ìí
μ
) DQG íì
μ
) GHFRXSOLQJ FDSDFLWRUV
7KH OLQH LQWHUIDFH FLUFXLWU\ LV LGHQWLFDO IRU ERWK /,8 SRUWV
7KH SUHFLVLRQ UHVLVWRUV LQOLQH ZLWKWKH WUDQVPLW WUDQVIRUPHU
SURYLGH RSWLPDO UHWXUQ ORVV 7KH UHFRPPHQGHG WUDQVe
IRUPHUUHVLVWRU FRPELQDWLRQ LV OLVWHG DW WKH ERWWRP RI )LJe
XUH ìí ìì WUDQVIRUPHUV DUH XVHG RQ WKH UHFHLYH VLGH
íé 0ESV (ì $SSOLFDWLRQV
(ì &RD[LDO $SSOLFDWLRQV
)LJXUH ìì RQ SDJH ìíí VKRZV WKH OLQH LQWHUIDFH IRU D
W\SLFDO íé 0ESV (ì&(37 FRD[LDO è
DSSOLFDe
WLRQ7KH/(1FRGHVKRXOGEHVHWWRíííIRUFRD[:LWK
ì
5W UHVLVWRUV LQ OLQH ZLWK WKH ìRXWSXWWUDQVIRUPe
HUV WKH /;7êêì SURGXFHV ê 9 SHDN SXOVHV DV
UHTXLUHG IRU FRD[ DSSOLFDWLRQV $V LQ WKH 7ì DSSOLFDe
WLRQ VKRZQ LQ )LJXUH ìí ìì WUDQVIRUPHUV DUH XVHG RQ
WKH UHFHLYH VLGH
)LJXUH ìí
/LQH ,QWHUIDFH IRU (ì &RD[
3DUDPHWHU
9DOXH
7XUQV 5DWLR 7ì
7XUQV 5DWLR (ì
3ULPDU\ ,QGXFWDQFH
/HDNDJH ,QGXFWDQFH
,QWHUZLQGLQJ &DSDFLWDQFH
'& 5HVLVWDQFH 3ULPDU\
(7 %UHDNGRZQ 9ROWDJH
ìê 7[ ì ì 5[
ì 7[ ì ì 5[
ì P+ PLQLPXP
íè
μ
Η
PD[LPXP
è S) PD[LPXP
ì
PD[LPXP
ì N9 PLQLPXP
7DEOH 7UDQVIRUPHU &RPELQDWLRQV
/(1
;IPU 5DWLR
ì
5W 9DOXH
5WQ /RVV
ê
)RU 7ì'6;eì ìíí
7ZLVWHGe3DLU $SSOLFDWLRQV
íììeììì
ì
íììeììì
ìê
íììeíìì
ìììè
)RU (ì ìí
7ZLVWHGe3DLU $SSOLFDWLRQV
ííì
ì
ííí
ì
)RU (ì è
&RD[LDO $SSOLFDWLRQV
ííì
ì
ííí
ì
5W ì
5W ì
5W í
ìéG%
ìG%
ìG%
5W ìè
5W ì
ìG%
ìíG%
5W ìéê
5W ì
ìíG%
ìG%
7UDQVIRUPHU WXUQV UDWLR DFFXUDF\ LV ‘
ê 5W YDOXHV DUH ‘ ì
é 7\SLFDO UHWXUQ ORVV èìN+] e êí 0+] EDQG ZLWK D FDSDFLWRU LQ
SDUDOOHO ZLWK WKH SULPDU\ VLGH RI WKH WUDQVIRUPHU
/;7êêì
77,3
Q
75,1*
Q
57,3
Q
55,1*
Q
ì
ìì
5W ì
5W ì
ì
éíS)
è
7\SLFDO YDOXH DGMXVW IRU ERDUG SDUDVLWLFV WR
REWDLQ RSWLPXP UHWXUQ ORVV
ì