Project Rajeshree
Project Rajeshree
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
3URMHFW'HVLJQRIDQ,GHQWLILFDWLRQ6\VWHPIRU$FFHVV&RQWUROLQD%XLOGLQJ
6WXGHQW5DMHVKUHH9DUDQJDRQNDU
)DFXOW\$GYLVRUV-RKQ%DUDVDQG0DUN$XVWLQ
'DWH6HSWHPEHU0D\
7$%/(2)&217(176
3URMHFW'HVFULSWLRQ
3XUSRVH6HWXSSUREOHP
7RSLFV6FRSHDQGREMHFWLYHVV\VWHPIUDPHZRUNDQGERXQGDU\
*RDOV6FHQDULRVDQG8VH&DVHV
3XUSRVH&UHDWHV\VWHPUHTXLUHPHQWV
7RSLFV*RDOVDQGVFHQDULRVLQLWLDOXVHFDVHVDQGDFWLYLW\GLDJUDPV
*HQHUDWLRQRI5HTXLUHPHQWVIURP8VH&DVHV
3XUSRVH&UHDWHV\VWHPUHTXLUHPHQWV
7RSLFV+LJKOHYHOUHTXLUHPHQWVV\QWKHVLVRIGHWDLOHGUHTXLUHPHQWVXVHFDVHWDVNLQWHUDFWLRQPDWULFHVWUDFHDELOLW\
6LPSOLILHG0RGHOVRI6\VWHP%HKDYLRUDQG6\VWHP6WUXFWXUH
3XUSRVH&UHDWHVLPSOLILHGPRGHOVRIEHKDYLRUDQGVWUXFWXUH
7RSLFV0RGHOVRIV\VWHPEHKDYLRUPRGHOVRIV\VWHPVWUXFWXUH
+LJK/HYHO6\VWHP'HVLJQ
3XUSRVH&UHDWHPRGHOVRIWKHKLJKOHYHOV\VWHPGHVLJQ
7RSLFV&UHDWHPDSSLQJVIURPKLJKOHYHOEHKDYLRURQWRHOHPHQWVRIWKHV\VWHPVWUXFWXUHUHTXLUHPHQWVWUDFHDELOLW\PDWUL[
*HQHUDWLRQRI6SHFLILFDWLRQV
3XUSRVH&UHDWHSDWKZD\IURPORZOHYHOUHTXLUHPHQWVWRTXDQWLWDWLYHVSHFLILFDWLRQV
7RSLFV6SHFLILFDWLRQV
7UDGHRII$QDO\VLV
3XUSRVH&UHDWHIUDPHZRUNIRUWUDGHRIIDQDO\VLVIRUVHOHFWLRQRIFRPSRQHQWVLQDVPDOOVXEV\VWHP
7RSLFV0HDVXUHVRIHIIHFWLYHQHVVSUREOHPIRUPXODWLRQFKDUDFWHULVWLFVRITXHXHPRGHOVDQDO\VLVLQ([FHOWUDGHRIIDQDO\VLVUHVXOWV
6\VWHP7HVW9HULILFDWLRQDQG9DOLGDWLRQ
3XUSRVH'HYHORSSURFHGXUHVRIV\VWHPWHVWYHULILFDWLRQDQGYDOLGDWLRQ
7RSLFV7HVWSODQ
5HIHUHQFHVDQG:HE5HVRXUFHV
3URMHFW'HVFULSWLRQ
6FRSHDQG2EMHFWLYHV
:KDWDUHWKHSXUSRVHVRIWKHHQJLQHHULQJV\VWHP":KRZLOOXVHLW"$QGZKHUH"
,QWKHZDNHRIUHFHQWDWWDFNVRQEXLOGLQJVVHFXULW\KDVEHFRPHDPDMRUFRQFHUQ7KHREMHFWLYHRIWKHSURMHFWLVWRFRQFHSWXDOL]HGHVLJQ
DQGGHYHORSDQLQWHOOLJHQWVHQVRUQHWZRUNIRUWKHVHFXULW\RIDQ\EXLOGLQJ7KHOLQNEHORZJLYHVDQLGHDRILWVJURZLQJGHPDQGLQWKH
PDUNHW
KWWSZZZIFZFRPIFZDUWLFOHVQHZVVPDUWDVS
$EULHIFRQFHSWLVGHVFULEHGEHORZ7KHLGHDLVWRXVHVHQVRUVWRWUDFNDQ\XQWRZDUGLQFLGHQWRFFXUULQJLQVLGHDQGRXWVLGHWKHEXLOGLQJ
ZLWKDFRPSXWHULQWHUIDFHWRGHWHFWDQ\GLVFUHSDQF\UHFRUGHGLQWKHVHQVRUPHDVXUHPHQWV7KHPHDVXUHPHQWVZLOOKDYHWREHVRUWHGRXW
WRSURYLGHPHDQLQJIXOLQIRUPDWLRQ)RUWKLVSULPDULO\UHTXLUHGWRFODVVLI\GDWDVXFKWKDWDVHQVRUGRHVQRWGXSOLFDWHFRQWUDGLFWRUJLYH
IDOVHLQIRUPDWLRQUHJDUGLQJDQHYHQWRUDPHDVXUHPHQWUHFRUGHGE\DQRWKHUVHQVRU$GDWDEDVHPXVWEHSURYLGHGWRIDFLOLWDWHWKH
LQWHUSUHWDWLRQRIGDWDSURYLGHGE\WKHVHQVRUVHJWKHDFFHSWDEOHVLJQDOVRIQRUPDORSHUDWLRQVLJQDOYDOXHVDERYHWKHWKUHDWWKUHVKROG
1H[WLQOLQHZRXOGEHWRFRQVLGHULQWHJUDWLQJWKHVHVHQVRUVE\DQHWZRUNWRDOORZWKHLQIRUPDWLRQWREHFRPPXQLFDWHGWRDFHQWUDO
FRPSXWHUWKDWZLOOSURFHVVGDWDDQGJHQHUDWHDODUPV7KHDODUPV\VWHPZLOODOVRUHTXLUHDGHWDLOHGDQDO\VLVLWVYDULRXVDVSHFWVEHLQJ
ORFDODOHUWUHPRWHDOHUWEDGVLJQDOVHPHUJHQF\VHQVRUPDOIXQFWLRQLQJWRFLWHVRPHRILWVUHTXLUHPHQWV
:KDWIDFWRUVDUHOLNHO\WRLQIOXHQFHWKHHFRQRPLFVRISURGXFWGHYHORSPHQWFKRLFHRIWHFKQRORJ\HWF
6RPHRIWKHIDFWRUVLQIOXHQFLQJWKHFKRLFHRIWHFKQRORJ\DUHHQXPHUDWHGEHORZ
5HOLDELOLW\
6SHHGRIWKHV\VWHP
7DPSHUSURRI
$UHWKHLUVLJQLILFDQWULVNVLQGHYHORSPHQW"
%XGJHWFKDQJHVLVDULVNWREHJXDUGHGDJDLQVW6LQFHWKHGHVLJQLVVWDWHRIWKHDUWDVKRUWDJHRIIXQGVFDQLPSDLUIXUWKHUGHYHORSPHQWLI
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
FRVWVKDYHQRWEHHQFKHFNHGLQWKHHDUOLHUVWDJHRIGHYHORSPHQW
:KDWDUHWKHUROHVDQGUHVSRQVLELOLWLHVRIWKHPDLQJURXSVRISHRSOHZRUNLQJRQWKHV\VWHPGHYHORSPHQWHJDUFKLWHFWVHQJLQHHUV"
7KHSURMHFWLQYROYHVGHYHORSLQJDVPDUWVHQVRUQHWZRUNVIRUVPDUWEXLOGLQJV7KHWHFKQLFDODUHDVSOLWVLQWKHIROORZLQJPDLQGLYLVLRQV
7KHQHWZRUNGHVLJQLQYROYHVDVVLJQLQJFRPPXQLFDWLRQSURWRFROVRQWKHIO\EDQGZLGWKDOORFDWLRQDQGDOOLVVXHVUHODWLQJWR
FRPPXQLFDWLRQPDQDJHPHQW
7KHVHQVRUQHWZRUNGHVLJQLQYROYHVWKHW\SHRIVHQVRUVWREHFKRVHQWKHLUUDQJHVDQGVSHFLILFDWLRQVHWF
7KHEXLOGLQJGHVLJQWKHSODQRIWKHEXLOGLQJWKHFRQVWUXFWLRQHWF
7KHPDLQWRSLFSUHVHQWHGEHORZZLOOEHDSDUWRIWKHPDLQV\VWHPGHVFULEHGDERYH,WEDVLFDOO\GHDOVZLWKWKHDFFHVVDWWKHHQWUDQFHWRWKH
EXLOGLQJ7KHLGHDLVWRSUHYHQWXQDXWKRUL]HGDFFHVVWRWKHEXLOGLQJDQGDOVRWRNHHSWUDFNRIWKHSHRSOHZLWKLQWKHEXLOGLQJ7RHQVXUHDVHFXUH
DFFHVVV\VWHPDFDUGUHDGHUZLWKDQLQWHJUDWHGVFDQQHUZLOOFRPSDUHWKHELRPHWULFREWDLQHGIURPWKHV\VWHPZLWKWKHRQHREWDLQHGIURPWKH
HPSOR\HH7KLVZLOOEHXVHGWRLGHQWLI\WKHFDUGEHDUHU
6\VWHP)UDPHZRUNDQG%RXQGDU\
,QVHUWGHVFULSWLRQ
)LJXUH6FKHPDWLFRI6\VWHP)UDPHZRUNDQG%RXQGDU\
*RDOV6FHQDULRVDQG8VHU5HTXLUHPHQWV
*RDOVDQG6FHQDULRV
*RDO6\VWHPPXVWDOORZXVHUWRHDVLO\SURJUDPWKHVHWWLQJV
6FHQDULR$XWKRUL]HGSHUVRQQHOXVHVWKHNH\SDGWRHQWHUFRQILJXUDWLRQGDWDDQGWKHV\VWHPSURPSWVWKHSHUVRQQHOZLWKGLVSOD\
PHVVDJHV
*RDO6\VWHPDOORZVHDV\HQUROOPHQWRIHPSOR\HHV
6FHQDULR$XWKRUL]HGSHUVRQQHOVZLSHVFDUG
6FHQDULR(PSOR\HHWREHHQUROOHGWKHQLQVHUWVKLVFDUGLQWKHVORWRIWKHFDUGUHDGHUDQGWKHQXPEHURQFDUGLVFDSWXUHG
6FHQDULR(PSOR\HHZLOOWKHQVFDQILQJHUSULQWZKLFKZLOOEHFDSWXUHGDQGVWRUHGDVDWHPSODWHLQGDWDEDVHDVZHOODVRQWKHFDUG
(PSOR\HHUHPRYHVKLVFDUG
6FHQDULR$XWKRUL]HGSHUVRQQHOWKHQVZLSHVKLVRZQFDUGDJDLQDQGH[LWVWKHHQUROOPHQWPRGH
*RDO$XWKRUL]HG3HUVRQQHOPXVWEHDOORZHGWRJDLQDFFHVVWRWKHSURWHFWHGDUHD
6FHQDULR$XWKRUL]HGSHUVRQHQWHUVWKHSURWHFWHGDUHD
6FHQDULR$XWKRUL]HGSHUVRQVZLSHVLGHQWLILFDWLRQFDUGDQGHQWHUVDFFHVVFRGH7KHLGHQWLILFDWLRQQXPEHUDFFHVVFRGHDQG
ELRPHWULFREWDLQHGDUHPDWFKHGZLWKWKHGDWDEDVHRIWKHFDUGUHDGHU,IDPDWFKLVIRXQGWKHSHUVRQLVDOORZHGDFFHVVWRWKHEXLOGLQJ
*RDO6\VWHPPXVWQRWDOORZXQDXWKRUL]HGSHUVRQLQ
6FHQDULR8QDXWKRUL]HGSHUVRQHQWHUVWKHSURWHFWHGDUHD,ILGHQWLW\FDUGLVIRXQGWREHIDNH8QDXWKRUL]HG3HUVRQFDQQRWDFFHVV
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
V\VWHP$QDODUPVKRXOGEHJHQHUDWHGLIFDUGGRHVQRWEHORQJWRFRPSDQ\
*RDO6\VWHPPXVWWUDFNPRYHPHQWZLWKLQEXLOGLQJ
6FHQDULR$XWKRUL]HGSHUVRQHQWHUVWKHSURWHFWHGDUHD
6FHQDULR$XWKRUL]HG3HUVRQZHDUVDQLGHQWLILFDWLRQWDJDOOWKHWLPHLQWKHEXLOGLQJ1&06WUDFNVWKHWDJRYHUWKHQHWZRUNXVLQJ
VHQVRULQIRUPDWLRQDQGNHHSVWUDFNRIWKHLQGLYLGXDO
*RDO$9LVLWRUVKRXOGEHDOORZHGWRHQWHUWKHSURWHFWHGDUHD
6FHQDULR:KHQDYLVLWRUDUULYHVDWWKHPDLQJDWHDFRQILUPDWLRQZLOOEHPDGHZLWKWKHDXWKRUL]HGHPSOR\HHWREHVHHQUHJDUGLQJ
WKHLGHQWLW\RIWKHYLVLWRUDQGWKHSXUSRVHRIYLVLW
6FHQDULR,QIRUPDWLRQUHJDUGLQJWKHYLVLWRULVVWRUHGLQWKHGDWDEDVHDORQJZLWKWKHGHWDLOVRIWKHHPSOR\HHWREHPHW
6FHQDULR9LVLWRUZLOOEHDVVLJQHGDWHPSRUDU\WDJDQGZLOOEHHQUROOHGE\DQDXWKRUL]HGLQGLYLGXDOWRFDSWXUHELRPHWULF
6FHQDULR:KHQYLVLWRUOHDYHVKHLVUHTXLUHGWRVXUUHQGHUWKHWDJ
*RDO,QFDVHRIXQDXWKRUL]HGDFFHVVV\VWHPEORFNVH[LWV
6FHQDULR8QDXWKRUL]HGSHUVRQHQWHUVWKHSURWHFWHGDUHDDQGFOHDUVVHFXULW\FKHFNVDWPDLQJDWHZLWKIDNHLGHQWLW\FDUG
6FHQDULR%LRPHWULFFKHFNRILQGLYLGXDOZLOOIDLOWRPDWFKZLWKGDWDEDVH
6FHQDULR$ODUPVDUHJHQHUDWHGDOOH[LWVDUHFORVHGDQGVHFXULW\LVDOHUWHG
*RDO$)DXOWLQWKHV\VWHPKDUGZDUHRUVRIWZDUHVKRXOGEHLPPHGLDWHO\GHWHFWHG
6FHQDULR)DXOWRFFXUVLQV\VWHPIDXOW\FRPSRQHQWJHQHUDWHVDODUP0DLQWHQDQFHVWDIILVDOHUWHG
6FHQDULR0DLQWHQDQFHVWDIIZLOOVHWWKHUHDGHULQPDLQWHQDQFHPRGHDQGWKHGRRUFRQWUROOHGZLOOUHPDLQORFNHG
$FWRUV
8VH&DVH'LDJUDP
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)LJXUH8VH&DVH'LDJUDP
'HYHORSPHQWRI,QGLYLGXDO8VH&DVHV
8VH&DVH$XWKRUL]HG$FFHVV
3UHFRQGLWLRQV7KHV\VWHPLVRSHUDWLRQDOZLWKVHFXULW\SHUVRQQHOLQSODFHDQGWKHQHWZRUNIXQFWLRQLQJ
$FWRUV$XWKRUL]HG3HUVRQQHO&DUG5HDGHU6HFXULW\
)ORZ2I(YHQWV
7KHHPSOR\HHUHDFKHVWKHDFFHVVGRRURIWKHEXLOGLQJDQGVZLSHVLGHQWLILFDWLRQFDUG
7KHFDUGLVFRPSDUHGIRUDPDWFKLQWKHGDWDEDVHRIWKHUHDGHU
7KHUHDGHUFRQILUPVWKDWWKHFDUGEHORQJVWRWKHFRPSDQ\
7KHHPSOR\HHLVUHTXHVWHGWRHQWHUDFFHVVFRGH
7KHDFFHVVFRGHLVHQWHUHGDQGYHULILHG
7KHDFFHVVFRGHLVHQWHUHGDQGYHULILHG
7KHVFDQQHUWKHQVFDQVWKHELRPHWULFIURPWKHHPSOR\HHDQGFRPSDUHVLWZLWKWKHRQHRQWKHWHPSODWHDQGRQHLQLWVRZQ
GDWDEDVH
$PDWFKLVIRXQGDQGWKHHPSOR\HHLVFOHDUHG
$OWHUQDWLYH)ORZRI(YHQWV
$YLVLWRUDUULYHVDWJDWH+H6KHLVDXWKRUL]HGEXWGRHVQRWKDYHWKHYDOLGLGHQWLW\
6HFXULW\FRQWDFWVHPSOR\HHYLVLWRULQWHQGVWRPHHWDQGYHULILHVLQIRUPDWLRQDERXWWKHYLVLWRU
9LVLWRULVDVVLJQHGDWHPSRUDU\WDJDQGWHPSRUDU\DFFHVVFRGHDQGDOORZHGWRSURFHHG
7KHYLVLWRUZLOOEHHQUROOHGE\WKHDXWKRULW\ZLWKDVSHFLDOFRGHIRUYLVLWRUUHFRUG
:KHQWKHYLVLWRULVRQWKHSUHPLVHVDUHFRUGZLOOEHNHSWDVWRKLVZKHUHDERXWVLQWKHEXLOGLQJ
:KHQYLVLWRUOHDYHVWKHSUHPLVHVKHVKHPXVWVXUUHQGHUWKHWDJDQGWKHWHPSRUDU\DFFHVVFRGHZLOOEHGHVWUR\HGLQWKHGDWDEDVH
ZKLFKZLOOSUHYHQWPLVXVHRIDFFHVVFRGH7KHUHFRUGRIWKHELRPHWULFDQGWKHLQIRUPDWLRQRIYLVLWRUZLOOKRZHYHUEHUHWDLQHGIRU
IXWXUHQHHG
3RVWFRQGLWLRQV9LVLWRULVDOORZHGLQVLGHWKHSURWHFWHGDUHD
8VH&DVH8Q$XWKRUL]HG$FFHVV
3UHFRQGLWLRQV7KHV\VWHPLVRSHUDWLRQDOZLWKVHFXULW\SHUVRQQHOLQSODFHDQGWKHQHWZRUNIXQFWLRQLQJ
$FWRUV8QDXWKRUL]HG3HUVRQQHO1&066HFXULW\
)ORZ2I(YHQWV
$QXQDXWKRUL]HGHPSOR\HHDUULYHVDWJDWHZLWKIDNHLGHQWLW\
7KHFDUGLVVZLSHGDQGKHGRRURGHVQRWRSHQDVLWGRHVQ
WUHFRJQL]HWKHFDUG
$QDODUPLVJHQHUDWHGLIWKHFDUGLVQRWUHFRJQL]HGDVEHORQJLQJWRWKHRUJDQL]DWLRQ
3RVWFRQGLWLRQV8QDXWKRUL]HGHPSOR\HHLVQRWDOORZHGLQVLGHWKHSURWHFWHGDUHD
8VH&DVH7UDFNLQJ
3UHFRQGLWLRQV7KHV\VWHPLVRSHUDWLRQDOZLWKVHFXULW\SHUVRQQHOLQSODFHDQGWKHQHWZRUNIXQFWLRQLQJ
$FWRUV$XWKRUL]HG3HUVRQQHO1&066HFXULW\
)ORZRI(YHQWV
$XWKRUL]HGSHUVRQDUULYHVDWWKHDFFHVVGRRUVZLSHVFDUGDQGLQSXWVWKHDFFHVVFRGH
$IWHUSHUVRQKDVFOHDUHGDOOVHFXULW\FKHFNVDQGDGPLWWHGLQVLGHWKHEXLOGLQJKHVKHLVDVVLJQHGDWDJ
7KLVWDJLVPRQLWRUHGE\VHQVRUVDQGWKHWUDFNLQJLQIRUPDWLRQLVFRQYH\HGWRWKH1&06V\VWHPYLDWKHQHWZRUN
3RVWFRQGLWLRQV3RVLWLRQRIHYHU\SHUVRQZLWKLQWKHEXLOGLQJLVWUDFNHG
8VH&DVH$ODUP*HQHUDWLRQ
3UHFRQGLWLRQV7KHV\VWHPLVRSHUDWLRQDOZLWKVHFXULW\SHUVRQQHOLQSODFHDQGWKHQHWZRUNIXQFWLRQLQJ
$FWRUV8QDXWKRUL]HG3HUVRQQHO1&066HFXULW\
)ORZRI(YHQWV
$QXQDXWKRUL]HGHPSOR\HHDUULYHVDWGRRUZLWKDVWROHQFDUG
7KHELRPHWULFLVFRPSDUHGIRUDPDWFKLQWKHGDWDEDVHRIWKHUHDGHUDVZHOODVZLWKWKHWHPSODWHRQWKHFDUG$PDWFKLVQRWIRXQG
DQGDODUPVDUHJHQHUDWHGWRDOHUWWKHFRQWUROURRPVWDIIDVZHOODVWKHVHFXULW\DWWKHJDWH7KHGRRULVORFNHGE\WKHUHDGHU
7KHV\VWHPLVSODFHGRQDOHUWE\WKH1&06ZKLFKFDXVHVDOOH[LWVWREHFORVHGWKURXJKRXWWKHEXLOGLQJ
3RVWFRQGLWLRQV8QDXWKRUL]HGSHUVRQLVQRWDOORZHGWROHDYHDQGLVDSSUHKHQGHG
8VH&DVH0DLQWHQDQFH
3UHFRQGLWLRQV6\VWHPLVIXQFWLRQLQJLQQRUPDOPRGH
$FWRUV&RQWURO5RRPVWDII1&06
)ORZRI(YHQWV
$KDUGZDUHHJDVHQVRUFRPSRQHQWRQWKHV\VWHPJRHVLQWRIDXOW\PRGH
$IDXOWDODUPLVJHQHUDWHGE\WKHFRPSRQHQW
7KH1&06UHFRUGVWKHHYHQWHQVXUHVWKHEDFNXSLVLQSODFHDQGVZLWFKHVPDVWHUOHYHOVWDWXVWRWKHUHGXQGDQWV\VWHP
1&06DOHUWVUHTXLUHGVWDIIDERXWWKHIDXOWDQGWKHFRPSRQHQWLVDWWHQGHGWR
:KHQWKHIDXOWLVFOHDUHGVWDWXVRIWKHFRPSRQHQWLVUHVWRUHGWRQRUPDOIURPIDXOW\PRGHDQGPDVWHUOHYHOVWDWXVLVUHDVVLJQHGWR
WKHFRPSRQHQWV\VWHP
3RVWFRQGLWLRQ)DXOWKDVEHHQFOHDUHGDQGV\VWHPLVIXQFWLRQLQJQRUPDOO\
$FWLYLW\'LDJUDP
8VH&DVHVFDQEHFRPELQHGLQWRRQHVLQJOHDFWLYLW\GLDJUDP
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)LJXUH&RPELQHG$FWLYLW\'LDJUDPIRU8VH&DVHWKURXJK
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)LJXUH$FWLYLW\'LDJUDPIRU8VH&DVH
$FWLYLW\'LDJUDP
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)LJXUHLPDJHMSJ
*HQHUDWLRQRI5HTXLUHPHQWVIURP8VH&DVHV
1RZWKDWWKHEDVHOLQHWH[WXDOXVHFDVHVDQGWKHVFHQDULRVDUHLQSODFHZHFDQQRZJHQHUDWHWKHUHTXLUHPHQWVIRUWKHVHFXULW\LGHQWLILFDWLRQ
V\VWHP5HTXLUHPHQWVDUHGHULYHGIURPYDULRXVJRDOVDQGVFHQDULRVXVHFDVHVVRLWLVLPSRUWDQWWRWUDFHEDFNWKHVRXUFHRIUHTXLUHPHQW
+LJK/HYHO5HTXLUHPHQWV
7KHKLJKOHYHOUHTXLUHPHQWVIRUV\VWHPDFFHVVFRQWURODUHDVIROORZV
'HVFULSWLRQ
6\VWHPVKRXOGSUHYHQWXQDXWKRUL]HGDFFHVVLQWRWKHSUHPLVHVRIWKHEXLOGLQJ
6\VWHPVKRXOGDOORZYLVLWRUVLQVLGH6KRXOGPDLQWDLQDUHFRUGRIYLVLWRUVIRUIXWXUHXVH
6\VWHPVKRXOGXVHDELRPHWULFWRFRQILUPLGHQWLW\RISHUVRQDORQJZLWKDFFHVVFRGHDQGLGHQWLW\FDUGV
6\VWHPVKRXOGEHWDPSHUSURRIDQGVKRXOGJLYHDYLVXDOLQGLFDWLRQDORQJZLWKDQDODUPWRLQGLFDWHWDPSHULQJ
6\VWHPVKRXOGEHHQYLURQPHQWUHVLVWDQW
6\VWHPVKRXOGEHHDV\WRPDLQWDLQDQGLQVWDOO
6\VWHPVKRXOGEHDEOHWRFRPPXQLFDWHZLWKWKH1HWZRUN0DQDJHPHQWDQGFRQWUROV\VWHP
6\VWHPVKRXOGKDYHHQRXJKFDSDFLW\WRVWRUHELRPHWULFVORFDOO\ZLWKRXWLQFUHDVLQJVWRUDJHEXUGHQRQWKHFHQWUDO
FRPSXWHU
6\VWHPVKRXOGSURPSWXVHUWRSURYLGHLQIRUPDWLRQDQGGLVSOD\HUURUPHVVDJHVWRXVHUZKHQZURQJGDWDLVHQWHUHG
6\VWHPVKRXOGEHKLJKO\DFFXUDWHDQGUHOLDEOH
6\VWHPVKRXOGWUDFNDQHPSOR\HHLQWKHEXLOGLQJ
7DEOH3UHOLPLQDU\+LJK/HYHO5HTXLUHPHQWV
3UHOLPLQDU\$VVHVVPHQW
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
7KHVHUHTXLUHPHQWVDUHDPELJXRXVDQGDUHQRWSURSHUO\TXDQWLILHG7KLVLVW\SLFDOO\WKHFDVHDWWKHEHJLQQLQJRIGHVLJQDQGWKHVHUHTXLUHPHQWV
DUHW\SLFDOO\H[SUHVVHGZLWKZRUGVOLNHVKRXOGPD\HWF6RWKHUHTXLUHPHQWVDUHEDVLFDOO\H[SUHVVHGLQ(QJOLVKZLWKRXWDQ\SURSHU
TXDQWLILFDWLRQ:HEUHDNGRZQWKHVHUHTXLUHPHQWVWRDUULYHDWUHTXLUHPHQWVPDSSLQJWRWKHV\VWHPVXEFRPSRQHQWDQGFRPSRQHQWOHYHOV7KLV
LVDWRSGRZQDSSURDFK7KHVHORZHUOHYHOUHTXLUHPHQWVVKRXOGWUDFHXSWRRQHRUPRUHKLJKHUOHYHOUHTXLUHPHQWV,ILWGRHVQ
WWKHQLWSUREDEO\
LVQRWUHTXLUHG,IDKLJKHUOHYHOUHTXLUHPHQWGRHVQ
WEUHDNGRZQWRDORZHUOHYHOUHTXLUHPHQWWKHUHTXLUHPHQWLVQWREHLQJVDWLVILHGE\WKH
V\VWHPGHVLJQEHLQJFRQVLGHUHG6LPLODUO\HYHU\UHTXLUHPHQWVKRXOGWUDFHWRDFRPSRQHQWLQWKHV\VWHP
6\QWKHVLVRI'HWDLOHG5HTXLUHPHQWV
7KHUHTXLUHPHQWVV\QWKHVLVLVDVIROORZV
'HVFULSWLRQ
7KHEXLOGLQJVKRXOGEHSURWHFWHGIURPXQDXWKRUL]HGDFFHVV
(YHU\HPSOR\HHZLOOEHHTXLSSHGZLWKDQLGHQWLILFDWLRQFDUGWRJDLQDFFHVVWRWKHEXLOGLQJ
7KHFDUGVL]HVKDOOEH
E\
VWDQGDUGFUHGLWFDUGVL]H
7KHLGHQWLILFDWLRQFDUGZLOOEHHTXLSSHGZLWKDQLGHQWLILFDWLRQQXPEHUWKDWZLOOLQGLFDWHWKDWWKHFDUGEHORQJVWRWKH
FRPSDQ\
,WVKDOOEHLPSRVVLEOHWRFKDQJHRUHUDVHWKHLQIRUPDWLRQFRQWDLQHGLQWKHFDUGE\H[SRVLQJWKHFDUGWRDQHOHFWUR
PDJQHWLFILHOGRIDQ\NLQGRUSK\VLFDOO\DOWHUWKHFRGHZLWKRXWGHVWUR\LQJWKHFDUG
7KHHPSOR\HHZLOOVWDUWWKHDFFHVVSURFHVVE\VZLSLQJWKHFDUGLQWKHUHDGHU
7KHUHDGHUZLOOEHZDOOPRXQWHGDQGRIGLPHQVLRQV;;DQGZHLJKSRXQGV
,WVKRXOGEHSRVVLEOHWRSURJUDPWKHUHDGHU3URJUDPPLQJVKDOOEHDFFRPSOLVKHGE\PHDQVRIDQLQWHJUDWHGNH\
NH\SDGDQGFKDUDFWHU/&'GLVSOD\(PSOR\HHZLOONH\LQWKHDFFHVVFRGHZLWKWKHKHOSRIWKHNH\ERDUGRQWKH
UHDGHU
7KH&DUG5HDGHU0HPRU\XQLWVKDOOEHLPPXQHWRZHDWKHUPRLVWXUHDQGDQ\HQYLURQPHQWDOKD]DUGV,WVKRXOGW\SLFDOO\
ZLWKVWDQGH[WUHPHWHPSHUDWXUHFRQGLWLRQVDQGPRLVWXUHOHYHOV
,WVKDOOEHSRVVLEOHWRSODFHWKHDVVRFLDWHGHOHFWURQLFVLQDSURWHFWHGORFDWLRQSUHYHQWLQJH[SRVXUHRIVHQVLWLYH
FRPSRQHQWVWRWKHHOHPHQWVDQGSUHYHQWLQJWDPSHULQJRUYDQGDOLVP
'XULQJDSRZHUIDLOXUHWKHPHPRU\XQLWVKDOOPDLQWDLQLWVPHPRU\FRQWHQWIRUDPLQLPXPRIKRXUV5HVWDUWDIWHU
SRZHUUHVWRUDWLRQVKDOOEHDXWRPDWLF5HOLDELOLW\VKRXOGEH!
&DUGZLOOEHHTXLSSHGZLWKDELRPHWULFWHPSODWHWRLQGLFDWHSHUVRQEHORQJVWRFRPSDQ\
7KHFDUGZLOOKDYHWREHSXWLQDFDUGUHDGHU7KHFDUGUHDGHUZLOOLGHQWLI\WKHFDUGLGHQWLILFDWLRQQXPEHUE\FRPSDULQJ
ZLWKDQLQEXLOWGDWDEDVH
7KHUHDGHUGDWDEDVHVKRXOGKDYHDFDSDFLW\WRVWRUHDWOHDVWELRPHWULFWHPSODWHVDQGVKRXOGKDYHDQH[SDQGDEOH
PHPRU\
6\VWHPYHULILFDWLRQVKRXOGEHFRPSOHWHGLQVHFRQGV
7KHUHDGHUZLOOEHHTXLSSHGZLWKWKH'RRU&RQWUROV7DPSHU6ZLWFKDQGVKRXOGEHDEOHWR/RFNH[LWV
6\VWHPZLOOSUHYHQWWDLOJDWLQJRUSLJJ\EDFNLQJ
7KHFDUGUHDGHUZLWKDQLQWHJUDWHGVFDQQHUZLOOFDSWXUHDELRPHWULFIURPWKHSHUVRQDQGFRPSDUHLWZLWKWKHH[LVWLQJ
WHPSODWHRQWKHFDUGDQGLQWKHGDWDEDVH
$QDODUPZLOOEHJHQHUDWHGDOHUWLQJVHFXULW\DQGWKHH[LWQHDUWKHDFFHVVDUHDLVEORFNHGLIXQDXWKRUL]HGWKHSHUVRQIDLOV
WKHLGHQWLILFDWLRQ
7KHV\VWHPPXVWEHFRVWHIIHFWLYH%XGJHWIRUHPSOR\HHLGHQWLILFDWLRQLVUHVWULFWHGWR
:KHQLQVLGHWKHEXLOGLQJDSHUVRQZLOOEHWUDFNHGZLWKWKHDLGRIKLVLGHQWLILFDWLRQWDJZKHQKHJDLQVDFFHVVDWDQ\GRRU
8VH&DVH7DVN,QWHUDFWLRQ0DWULFHV
,QVHUWPDWHULDOIURP(16(
7UDFHDELOLW\
,QVHUWPDWHULDOIURP(16(
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
6LPSOLILHG0RGHOVRI6\VWHP%HKDYLRUDQG6\VWHP6WUXFWXUH
6\VWHP6WUXFWXUH
)LJXUH&ODVVKLHUDUFK\IRU6\VWHP6WUXFWXUH
6\VWHP%HKDYLRU
6WDWHFKDUW'LDJUDP
)LJXUH6WDWHFKDUWIRU,QWUXGHU%HKDYLRU
6HTXHQFH'LDJUDP
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)LJXUH6HTXHQFHGLDJUDPIRU6ZLSLQJDQ$FFHVV&DUGDQG9HULI\LQJ$FFHVV
7RWDOYHULILFDWLRQVHFRQGWVHFV
+LJK/HYHO6\VWHP'HVLJQ
:HFUHDWHWKHV\VWHPGHVLJQE\PDSSLQJFKXQNVRIV\VWHPEHKDYLRURQWRREMHFWVLQWKHV\VWHPVWUXFWXUH
0DSSLQJEHWZHHQ6\VWHPEHKDYLRUDQG6\VWHPVWUXFWXUH
)LJXUH6HTXHQFHGLDJUDPIRU6ZLSLQJDQ$FFHVV&DUGDQG9HULI\LQJ$FFHVV
)LJXUH6\VWHP6WUXFWXUH
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)XQFWLRQVLQ)LJXUHDUHPDSSHGWRFODVVHVLQWKHV\VWHPVWUXFWXUH
/RJLFDO'HVLJQ2I6\VWHP
7KLVVHFWLRQGLVFXVVHVWKHORJLFDOGHVLJQRIWKH,QWHOOLJHQW1HWZRUN6\VWHP7KLVORJLFDOGHVLJQGRHVQRWPDNHDQ\FRPPLWPHQWWRDQ\NLQGRI
WHFKQRORJ\%DVHGRQWKLVORJLFDOGHVLJQWKHSK\VLFDOGHVLJQRIWKHV\VWHPLVGRQH
)LJXUH+LJK/HYHO6FKHPDWLFIRU/RJLFDO'HVLJQ
5HTXLUHPHQWV7UDFHDELOLW\0DWUL[
5HTXLUHPHQW
2EMHFW
$WWULEXWH
)XQFWLRQ
7KHEXLOGLQJVKRXOGEHSURWHFWHGIURPXQDXWKRUL]HG
DFFHVV
6\VWHPDFFHVV
(YHU\HPSOR\HHZLOOEHHTXLSSHGZLWKDQLGHQWLILFDWLRQ
FDUGWRJDLQDFFHVVLQWKHEXLOGLQJ
&DUG
,GHQWLILFDWLRQ
1XPEHU
7\SH
7KHFDUGVL]HVKDOOEH
E\
VWDQGDUGFUHGLWFDUG
VL]H
&DUG
'LPHQVLRQV
7KHLGHQWLILFDWLRQFDUGZLOOEHHTXLSSHGZLWKDQ
LGHQWLILFDWLRQQXPEHUWKDWZLOOLQGLFDWHWKDWWKHFDUG
EHORQJVWRWKHFRPSDQ\
&DUG
,GHQWLILFDWLRQ
1XPEHU
,WVKDOOEHLPSRVVLEOHWRFKDQJHRUHUDVHWKHLQIRUPDWLRQ
FRQWDLQHGLQWKHFDUGE\H[SRVLQJWKHFDUGWRDQHOHFWUR
PDJQHWLFILHOGRIDQ\NLQGRUSK\VLFDOO\DOWHUWKHFRGH
ZLWKRXWGHVWUR\LQJWKHFDUG
&RYHU
3URWHFWLYH&RYHU
7KHHPSOR\HHZLOOVWDUWWKHDFFHVVSURFHVVE\VZLSLQJWKH
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
$FFHSW&RGH)URP&DUG
&RQILUP5HDGHU
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
FDUGLQWKHUHDGHU
&DUG&DUG5HDGHU
'DWD,'&DUG,QVHUWHG
7KHUHDGHUZLOOEHZDOOPRXQWHGDQGRIGLPHQVLRQV;
;DQGZHLJKSRXQGV
&DUG5HDGHU
'LPHQVLRQV
:HLJKW/RFDWLRQ
7\SH
,WVKRXOGEHSRVVLEOHWRSURJUDPWKHUHDGHU3URJUDPPLQJ
VKDOOEHDFFRPSOLVKHGE\PHDQVRIDQLQWHJUDWHGNH\
NH\SDGDQGFKDUDFWHU/&'GLVSOD\(PSOR\HHZLOONH\
LQWKHDFFHVVFRGHZLWKWKHKHOSRIWKHNH\ERDUGRQWKH
UHDGHU
.H\ERDUG
'LVSOD\
1XPEHU2I.H\V
/&'
.H\3UHVV
$OORZ3URJUDPPLQJ
'LVSOD\'DWDDV(QWHUHG
'LVSOD\3URJUDP&KRLFH
'LVSOD\0HVVDJH
'LVSOD\(UURU0HVVDJH
7KH&DUG5HDGHU0HPRU\XQLWVKDOOEHLPPXQHWR
ZHDWKHUPRLVWXUHDQGDQ\HQYLURQPHQWDOKD]DUGV,WVKDOO
EHKRXVHGLQDVWUXFWXUHRIKLJKLPSDFWPDWHULDOIRU
FRPSOHWHSURWHFWLRQDJDLQVWZHDWKHURUWDPSHULQJ
&DUG5HDGHU
6HFXULW\&RYHU
7DPSHU6ZLWFK
3URWHFWLYH&RYHU
6WDWXV
$ODUP2Q7DPSHU
7HPS+L/R$ODUP
0RLVWXUH$ODUP
3URFHVVRIHQUROOPHQW'HILQHGDVFDSWXULQJELRPHWULFDQG
LQIRUPDWLRQRIDQHZXVHUVKRXOGWDNHVHFRQGV
&DUG5HDGHU
'DWDEDVH&DUG
'DWD,'&DUG,QVHUWHG
6FDQQHU
%LRPHWULF7HPSODWH
6WRUH'DWD
$FFHSW,'&RGH
IURP&DUG
%LRPHWULF,QIRUPDWLRQ
7UDQVIHU
3RZHU6XSSO\
%DWWHU\
6XSSO\2Q/RVV2I3RZHU
7DNH2YHU2Q5HVWRUDWLRQ
'XULQJDSRZHUIDLOXUHWKHPHPRU\XQLWVKDOOPDLQWDLQLWV
PHPRU\FRQWHQWIRUDPLQLPXPRIKRXUV5HVWDUWDIWHU
SRZHUUHVWRUDWLRQVKDOOEHDXWRPDWLF
3RZHU9ROWDJH
7\SH&DSDFLW\
&DUGZLOOEHHTXLSSHGZLWKDELRPHWULFWHPSODWHWRLQGLFDWH &DUG
7\SH'LPHQVLRQV
SHUVRQEHORQJVWRFRPSDQ\
%LRPHWULF7HPSODWH
$XWKHQWLFLW\
&RQILUP
,GHQWLW\WRUHDGHU
%LRPHWULF,QIRUPDWLRQ
7UDQVIHU
5HDG)URP.H\ERDUG
$FFHSW,'&RGHIURP&DUG
5HMHFW&DUG
$SSURYH&DUG
7KHFDUGZLOOKDYHWREHSXWLQDFDUGUHDGHU7KHFDUG
UHDGHUZLOOLGHQWLI\WKHFDUGLGHQWLILFDWLRQQXPEHUE\
FRPSDULQJZLWKDQLQEXLOWGDWDEDVH
&DUG5HDGHU&DUG
6\VWHPLGHQWLILFDWLRQVKRXOGWDNHVHFRQGV
&DUG5HDGHU
%LRPHWULF,QIRUPDWLRQ
'DWD,'&DUG,QVHUWHG
'DWDEDVH
7UDQVIHU
7HPSODWH'DWD
%LRPHWULF7HPSODWH
&RPSDUH'DWD
7KHUHDGHUZLOOEHHTXLSSHGZLWKWKH'RRU&RQWUROV
7DPSHU6ZLWFKDQGVKRXOGEHDEOHWR/RFNH[LWV
&DUG5HDGHU2XWSXW
1XPEHU2I6ZLWFKHV
6\VWHP
6WDWXV
7DPSHU6ZLWFK
/RFN([LW
$OORZ$FFHVV
/RFN$FFHVV
$ODUP2Q7DPHU
7KHUHDGHUGDWDEDVHVKRXOGKDYHDFDSDFLW\WRVWRUHDWOHDVW
ELRPHWULFWHPSODWHVDQGVKRXOGKDYHDQH[SDQGDEOH
PHPRU\
'DWDEDVH
&DSDFLW\
6WRUH'DWD
'DWDEDVH)XOO
5HDGHUZLOOFRPPXQLFDWHZLWKRWKHUVRQQHWZRUN
&DUG5HDGHU
&RPPXQLFDWLRQSRUW
&RPPXQLFDWLRQ
:LWK1HWZRUN
6\VWHPZLOOSUHYHQWWDLOJDWLQJRUSLJJ\EDFNLQJ
7KHFDUGUHDGHUZLWKDQLQWHJUDWHGVFDQQHUZLOOFDSWXUHD
ELRPHWULFIURPWKHSHUVRQDQGFRPSDUHLWZLWKWKHH[LVWLQJ
WHPSODWHRQWKHFDUGRUDIWHUFRPSDULQJZLWKH[LVWLQJ
WHPSODWHVLQDGDWDEDVH
&DUG5HDGHU
6FDQQHU
7\SH
6FDQ%LRPHWULF'DWD
9HULI\%LRPHWULFV
&RPPXQLFDWH
:LWK5HDGHU
$QDODUPZLOOEHJHQHUDWHGDOHUWLQJVHFXULW\DQGWKHH[LW
QHDUWKHDFFHVVDUHDLVEORFNHGLIXQDXWKRUL]HGSHUVRQIDLOV
WKHLGHQWLILFDWLRQ
&DUG5HDGHU
2XWSXW6\VWHP
1XPEHU2I
6ZLWFKHV6WDWXV
*HQHUDWH
/RFN2XWSXW
*HQHUDWH$ODUP
/RFN([LW
/RFN$FFHVV
7KHV\VWHPPXVWEHFRVWHIIHFWLYH%XGJHWIRUHPSOR\HH
LGHQWLILFDWLRQLVUHVWULFWHGWR
&DUG5HDGHU
3RZHU6XSSO\
%DWWHU\&RYHU
,'&DUG
&RVW
:KHQLQVLGHWKHEXLOGLQJDSHUVRQZLOOEHWUDFNHGZLWKWKH
DLGRIKLVLGHQWLILFDWLRQWDJZKHQKHJDLQVDFFHVVDWDQ\
GRRU
&DUG&DUG5HDGHU
6\VWHP$FFHVV
&RPPXQLFDWLRQ
SRUW
2SWLF)RU7UDFNLQJ
'DWD,'&DUG,QVHUWHG
*HQHUDWLRQRI6SHFLILFDWLRQV
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
,QWKLVVHFWLRQZHWUDQVIRUPWKHORZOHYHOUHTXLUHPHQWVLQWRTXDOLWDWLYHVSHFLILFDWLRQVWKDWFDQEHHYDOXDWHGYLDSHUIRUPDQFHDQDO\VLVDQG
DFWDVFRQVWUDLQWVLQWUDGHRIIDQDO\VLV
6SHFLILFDWLRQV
5HTXLUHPHQW
6SHFLILFDWLRQ
7KHWRWDOWLPHWRFOHDUDQHPSOR\HH
OWVHF
7KHWRWDOWLPHWDNHQWRHQUROODQHPSOR\HH
PLQXWHV
7KHWRWDOWLPHWDNHQWRYHULI\DQHPSOR\HH
VHFRQGV
7KHFDUGVL]HVKDOOEH
E\
7KHFDSDFLW\RIWKHLQEXLOWGDWDEDVH
!WHPSODWHV
7KHZHLJKWRIWKHV\VWHP
SRXQGV
6L]HRIV\VWHP
;;
'LVSOD\IHDWXUHV
NH\NH\SDGDQGFKDUDFWHU/&'
GLVSOD\
'RRUFRQWUROV
!
2XWSXWSRUWV
!
&RPPXQLFDWLRQSRUW
!
7DPSHUVZLWFK
!
7HPSHUDWXUHUHVLVWDQFH
GHJUHHVWRGHJUHH&HOVLXV
6HFXULW\FRYHU
3UHVHQWZLWKRQHEDFNXS
%DWWHU\
0LQLPXPUHOLDELOLW\
0LQLPXPQXPEHURIUHDGHUV
0D[LPXPUHOLDELOLW\QRWHUHOLDELOLW\KHUHLVGHILQHGDVWKHPHDQWLPH
EHWZHHQIDLOXUHV
!KRXUVFDSDFLW\
!
!
7UDGH2II$QDO\VLV
$QLQWHOOLJHQWVHQVRUQHWZRUNIRUWKHSURWHFWLRQRIDEXLOGLQJVHUYHVWRSURWHFWWKHEXLOGLQJIURPDQ\XQWRZDUGLQFLGHQW,WVKRXOGWKZDUWDQ\
SRVVLEOHWKUHDWWRWKHV\VWHP7KRXJKWKHSRWHQWLDOWKUHDWVWRVXFKDV\VWHPDUHQXPHURXVRQO\RQHW\SHRIWKUHDW8QDXWKRUL]HGDFFHVVKDV
EHHQFRQVLGHUHGKHUH
0HDVXUHVRI(IIHFWLYHQHVV
7KHPHDVXUHVRIHIIHFWLYHQHVVIRUVXFKDV\VWHPVKRXOGLQFOXGHWKHV\VWHPUHOLDELOLW\DQGDFFXUDF\,WVKRXOGDOVRLQFOXGHWKHOHYHORI
UHGXQGDQF\LQFRUSRUDWHGLQWKHV\VWHPWRUHGXFHSRWHQWLDOGDQJHUGXHWRDVXEV\VWHPRXWDJHRUPDOIXQFWLRQLQJ6LQFHSURWHFWLRQRIV\VWHPLV
WKHFKLHIFRQFHUQWKHFRVWDQDO\VLVWDNHVDORZHUSULRULW\LQWKHDQDO\VLV
3HUIRUPDQFH&KDUDFWHULVWLFV
0LQLPL]LQJWKH&RVW7KHV\VWHPVKRXOGSURYLGHPD[LPXPEHQHILWVVXFKDVWDPSHUSURRIHQYLURQPHQWUHVLVWDQWEXLOWLQEDFNXSSRZHU
VXSSOLHVHWFDWPLQLPXPFRVW
0D[LPL]LQJWKHUHOLDELOLW\ZRXOGFRQFHQWUDWHRQIHDWXUHVRIWKHV\VWHPVXFKDVWDPSHUSURRIHQYLURQPHQWUHVLVWDQFH,WZRXOGDOVR
GHSHQGRQWKHUHGXQGDQF\EXLOWLQWRWKHV\VWHP
0LQLPL]LQJWKHWLPHUHTXLUHGWRFOHDUDVLQJOHHPSOR\HH7KLVLVDGLUHFWPHDVXUHRIWKHVSHHGRIWKHV\VWHP,IWKHV\VWHPWDNHV
FRQVLGHUDEOHWLPHLQFOHDULQJRQHHPSOR\HHWKHLGHDPLJKWQRWEHIHDVLEOH
'HFLVLRQ9DULDEOHV
7LPHWDNHQE\V\VWHPORRNXS7KHWLPHWDNHQE\WKHV\VWHPLVWKHVHUYLFHUDWHRIWKHUHDGHUV7KLVLVDFKRLFHEHWZHHQWZR
PDQXIDFWXUHUV
1XPEHURIFDUGUHDGHUV7KLVYDULDEOHGHFLGHGWKHFRVWV\VWHPUHOLDELOLW\DQGDOVRWKHWLPHWDNHQWRFOHDUDQHPSOR\HH,IWKHQXPEHURI
UHDGHUVLVPRUHWKDQWKHTXHXHOHQJWKVDUHVPDOOHUEXWWKHUHOLDELOLW\LVORZHUDQGWKHFRVWLVKLJKHU
1XPEHURIHQJLQHHUV7KLVYDULDEOHGHFLGHVWKHFRVWRIWKHV\VWHP
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
3UREOHP)RUPXODWLRQ
0LQLPL]HWKH&RVW
7KHFRVWLVGHFLGHGE\
&RVWRI7KHUHDGHUDQGVFDQQHU&KRLFHEHWZHHQPDNHVVDWLVI\LQJUHTXLUHPHQWV;;%RROHDQYDULDEOHVJLYLQJFKRLFH
EHWZHHQWKHWZRPDNHV&RVWRIEDFNXSSRZHUVXSSO\5HGXQGDQWVXSSO\DYDLODEOHFKRLFHVWZRPDNHV<DQG<%RROHDQ
YDULDEOHVJLYLQJFKRLFHEHWZHHQWKHWZRPDNHV
&RVWRIVRIWZDUHIRUQHWZRUNLQJFDSDELOLWLHV. .%RROHDQYDULDEOHVJLYLQJFKRLFHEHWZHHQWKHWZRPDNHV
&RVWRIHQJLQHHUVGHYHORSLQJGDWDEDVH
: 1XPEHURIHQJLQHHUVGHSOR\HG$VVXPHWKDWHQJLQHHUVDUHSDLG#KRXU1XPEHURIKRXUV
ZKHUH
0D[LPL]H5HOLDELOLW\
5HOLDELOLW\RIFDUGUHDGHU 5FU5HOLDELOLW\RIVFDQQHU 5VFDQ5HOLDELOLW\RIFDUG 5FDUG5HOLDELOLW\RIWDPSHUSURRIFRYHULQJ 5WDS
5HOLDELOLW\RQDGYHUVHHQYLURQPHQWDOFRQGLWLRQV 5HQY
0LQLPL]H7LPH
0HWULF&RVWPLQLPL]H7RWDO&RVW 5
;';'<
<
.
;.
;
:ZKHUH5 QXPEHURIFDUG
5HDGHUV
0HWULF5HOLDELOLW\PD[LPL]H5HOLDELOLW\ 5FDUGA5
;
5EDWWHU\A5
<M
5FRPPA5
.M"UHOLDELOLW\LVWKHSURGXFWRI
LQGHSHQGHQWFRPSRQHQWUHOLDELOLWLHV:LWK;L %RROHDQYDULDEOHJLYLQJPDQXIDFWXUHUL :LWK<M %RROHDQYDULDEOHJLYLQJ
PDQXIDFWXUHUM :LWK.L %RROHDQYDULDEOHJLYLQJPDQXIDFWXUHUL
0HWULF0LQLPL]H7LPHWRFOHDURQHHPSOR\HH
FDAFSA
UKRAVTUW
5PX
UKR
517LPH
+RXU
RISHRSOH
$UULYDO5DWH
0HDQ
6WGHY
0HDQDUULYDOUDWH
7KHDFWLYLW\RIWKHEXLOGLQJDWGLIIHUHQWWLPHVRIWKHGD\LVVXPPHGXSLQWKHWDEOHEHORZ
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)LJXUH7UDIILF$FWLYLW\LQ%XLOGLQJWKURXJKRXWWKH'D\
'HSHQGLQJRQWKHSHULRGVRIWKHGD\WKHUHDUHWLPHVZKHQWKHEXLOGLQJLVEXV\DQGRWKHUVZKHQLWLVQRW:HQHHGWRGHFLGHWKHDYHUDJHDUULYDO
UDWHWRKHOSXVGHWHUPLQHWKHQXPEHURIUHDGHUVWREHLQVWDOOHGWROLPLWWKHZDLWLQJWLPHVIRUSHRSOH
7ZRPDMRUIDFWRUVLQWKHV\VWHP
&RVWRISURYLGLQJVHUYLFHFDQQRWDIIRUGPDQ\LGOHVHUYHUV
&RVWRIHPSOR\HHZDLWLQJWLPHHPSOR\HHZLOOKDYHWRZDLWLQORQJHUTXHXHV
7UDGHRIIEHWZHHQWKHVHIDFWRUV
)LJXUH7UDGHRIILQ&RVWRI6HUYLFHYHUVXV&RVWRI:DLWLQJ
&KDUDFWHULVWLFVRI4XHXH0RGHOV
.H\FKDUDFWHULVWLFVRIWKHTXHXHPRGHOVDUHDVIROORZV
&DOOLQJ3RSXODWLRQ
,QILQLWHSRSXODWLRQOHDGVWRVLPSOHUPRGHO
)LQLWHSRSXODWLRQDUULYDOUDWHLVDIIHFWHGE\WKHQXPEHURIHPSOR\HHVDOUHDG\LQWKHV\VWHP
6\VWHP&DSDFLW\
7KHQXPEHURIHPSOR\HHVWKDWFDQEHLQWKHTXHXHRUXQGHUVHUYLFH$QLQILQLWHFDSDFLW\PHDQVQRFXVWRPHUZLOOH[LWSUHPDWXUHO\
$UULYDO3URFHVV
)RULQILQLWHSRSXODWLRQDUULYDOSURFHVVLVGHILQHGE\WKHLQWHUDUULYDOWLPHVRIVXFFHVVLYHFXVWRPHUV$UULYDOVFDQEHVFKHGXOHGRUDW
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
UDQGRPWLPHV
4XHXH%HKDYLRU
4XHXHEHKDYLRUGHVFULEHVKRZWKHFXVWRPHUEHKDYHVZKLOHLQWKHTXHXHZDLWLQJ
4XHXH'LVFLSOLQH
6HUYLFH7LPHV
6HUYLFHPHFKDQLVPVGHVFULEHKRZWKHVHUYHUVDUHFRQILJXUHG
&RPELQDWLRQVRISDUDOOHODQGVHULDODUHSRVVLEOH
,QPDWKHPDWLFDOWHUPVWKHTXHXHFKDUDFWHULVWLFVDUH
&RHIILFLHQWRI9DULDWLRQ& VWGGHYPHDQ
7KHDYHUDJHZDLWLQJWLPHVDSSUR[LPDWHDUHJLYHQE\
:DLWLQJWLPHLQFUHDVHZLWKVTXDUHRIDUULYDORUVHUYLFHWLPHYDULDWLRQ'HFUHDVHDVWKHLQYHUVHRIWKHQXPEHURIVHUYHUVHUYLFHUDWHLVGHILQHGDV
WLPHWD,QRXUFDVHNHQIRUVHUYHUWRFRPSOHWHRQHWUDQVDFWLRQ VHFLQRXUFDVH,QRXUFDVHWKHVHUYLFHUDWHVSURYLGHGE\PDQXIDFWXUHUVDUH
DQGVHFV,IZHDVVXPHWKDWWKHWRWDOWLPHWDNHQWRFOHDURQHHPSOR\HHLVVHFVLQFOXGLQJHPSOR\HHIXPEOLQJDQGEOXQGHULQJWKHQLWWDNHV
VHFVIRU0DQXIDFWXUHUWRFOHDUDQHPSOR\HHDQGVHFRQGVIRUPDQXIDFWXUHU,QRXUFDVHWKHXWLOL]DWLRQIDFWRULV
6ROXWLRQ3URFHGXUH
7RILQGWKHRSWLPDOSRLQWLQWKHGHVLJQVSDFHZLOOEHDWUDGHRIIEHWZHHQWKHPXOWLSOHFULWHULRQ
VWKDWZHDUHXVLQJIRUWKHGHVLJQ6LQFHWKH
PHWULFVDUHGLYHUVHZLWKDFRQIOLFWLQTXHXHWLPHZKLFKLVWREHPLQLPL]HGDQGQXPEHURIUHDGHUVZKLFKLVWREHPLQLPL]HGWRUHGXFHFRVW
WKHGHVLJQSRLQWLVDWUDGHRIIEHWZHHQWKHPHWULFV,WLVDVROXWLRQWKDWEHVWVDWLVILHVDOOWKUHHFULWHULD
7KHREMHFWLYHIXQFWLRQWREHPLQLPL]HGLVWKH&RVWVXEMHFWWRWKHFRPSHWLQJFRQVWUDLQWVRIUHOLDELOLW\DQGTXHXHWLPH,QFUHDVLQJWKHQXPEHURI
UHDGHUVUHGXFHVWKHTXHXHZDLWLQJWLPHWKLVVWUDWHJ\LQFUHDVHVWKHFRVWDQGORZHUVWKHUHOLDELOLW\2QWKHRWKHUKDQGUHGXFLQJWKHQXPEHURI
UHDGHUVLQFUHDVHVWKHTXHXHZDLWLQJWLPHWKLVVWUDWHJ\UHGXFHVFRVWDQGLPSURYHVUHOLDELOLW\6RDGHVLJQSRLQWKDVWREHIRXQGZKLFKVDWLVILHV
DOOWKUHHFULWHULD7KHUHOLDELOLW\RIWKHV\VWHPKDVWREHLQFUHDVHGDQGWKHTXHXHWLPHVKDYHWREHGHFUHDVHG
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
7KHRSWLPL]DWLRQLVGRQHXVLQJ0LFURVRIW([FHOVROYHU
7KHVROYHUWDNHVDVLWVLQSXWVWKHWDUJHWFHOOZKLFKFRQWDLQVWKHYDOXHRIWKHREMHFWLYHIXQFWLRQWKDWKDVWREHPLQLPL]HGPD[LPL]HG,Q
P\FDVH&RVWKDVWREHPLQLPL]HG
7KHRWKHUFRQVWUDLQWLVTXHXHZDLWLQJWLPHZKLFKKDVWREHPLQLPL]HGDQGKDVDERXQGN
7KLVREMHFWLYHIXQFWLRQLVPLQLPL]HGVXEMHFWWRWKHFRQVWUDLQWVRIUHOLDELOLW\ZKLFKLVJLYHQLQDQRWKHUFHOODQGKDVDERXQG!N
,QDGGLWLRQWRWKLVWKHYDULRXVFRPSRQHQWVHJEDWWHU\FDUGUHDGHUHWFFDQEHERXJKWIURPWZRPDQXIDFWXUHUVHDFK6D\[LIRUWKH
UHDGHU\MIRUWKHEDWWHU\NOIRUWKHFRPPXQLFDWLRQV\VWHP,IRQHRIWKHPDQXIDFWXUHULVVHOHFWHGWKHRWKHULVDXWRPDWLFDOO\
GHVHOHFWHGVRWKHFRQVWUDLQWLVGHILQHGDV
[L L
\L L
N L
,QDGGLWLRQZHZRXOGOLNHWKDWDOOWKHWKUHHFRPSRQHQWVEHERXJKWIURPWKHVDPHPDQXIDFWXUHUVR"[L\MNO
7KHRWKHUFRQVWUDLQWVWKDWDSSO\ZRXOGEHWKDWWKHQXPEHURIUHDGHUVLVDQLQWHJHUDQGVKRXOGEHJUHDWHUWKDQDQGWKHQXPEHURI
HQJLQHHUVZRUNLQJRQWKHV\VWHPVKRXOGEHDQLQWHJHUDQGJUHDWHUWKDQWZR7KHV\VWHPZLOOJLYHXVWKHEHVWYDOXHRIWKHQXPEHURI
UHDGHUVWKDWVDWLVILHVDOOWKUHHFULWHULDRIFRVWUHOLDELOLW\DQGWKHTXHXHZDLWLQJWLPHV
1RUPDOL]HG(TXDWLRQV
0HWULF&RVWPLQLPL]H
ZKHUH5 QXPEHURIFDUG5HDGHUV
0HWULF0LQLPL]H7LPHWRFOHDURQHHPSOR\HH
+HUHFDDQGFSDUHWKHFRHIILFLHQWVIRUDUULYDODQGGHSDUWXUHJLYHQDVF VWDQGDUGGHYLDWLRQPHDQUKRLVWKHDYHUDJHXWLOL]DWLRQIDFWRU
SHUFHQWDJHWKHVHUYHULVEXV\PXLVWKHVHUYLFHUDWHRIRQHVHUYHULQVHUYLFHWUDQVDFWLRQSHUWLPHXQLW
0HWULF5HOLDELOLW\PD[LPL]H
7KLVPRGHODVVXPHVWKDWUHOLDELOLW\LVWKHSURGXFWRILQGHSHQGHQWFRPSRQHQWUHOLDELOLWLHVZLWK
;L %RROHDQYDULDEOHJLYLQJPDQXIDFWXUHUL
<M %RROHDQYDULDEOHJLYLQJPDQXIDFWXUHUM
NO %RROHDQYDULDEOHJLYLQJPDQXIDFWXUHUO
(TXDWLRQVLQ(;&(/)RUPDW
2EMHFWLYHIXQFWLRQ
0LQ
&RQVWUDLQWV
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
5HVXOWV
7KHIROORZLQJWDEOHJLYHVWKHQXPEHURIUXQVWKDWZHUHUHTXLUHGWRH[SORUHWKHGHVLJQVSDFHDQGILQGWKH3DUHWRSRLQWV7KHFRQVWUDLQWVRIWLPH
DQGUHOLDELOLW\QDPHO\NDQGNZHUHYDULHGWRILQGWKHFRVWFROXPQ&WRWDOWLPHLQV\VWHP:TXHXHZDLWLQJWLPHV7DQG5HOLDELOLW\
5H
5XQ
&RQVWUDLQW
7LPH !5HO
[ \ N
&
: :TPX
5H
,QIHDVLEOHVLQFHQXPEHURIUHDGHUVKDVWREHDQLQWHJHUDQGWKHFRQVWUDLQWLVYLRODWHGEHFDXVHWKHFRQVWUDLQWYDOXHVFDQQRWEHDFKLHYHG
3RVVLEOHVROXWLRQSRLQWVDUHDQG
$QDO\VLVLQ([FHO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)LJXUH6FUHHQGXPSRI([FHOOLQNHGWR2SWLPL]DWLRQ0RGXOH
7UDGH2II$QDO\VLV5HVXOWV
&RVWYHUVXV7LPH
)LJXUH7UDGHRIILQ&RVWYHUVXV7LPH
5HOLDELOLW\YHUVXV7LPH
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO
)LJXUH7UDGHRIILQ5HODELOLW\YHUVXV7LPH
&RVWYHUVXV5HOLDELOLW\
)LJXUH7UDGHRIILQ&RVWYHUVXV5HOLDELOLW\
7KH3DUHWRSRLQWLV !
1XPEHURIUHDGHUV5 &RVW 7LPH 5HOLDELOLW\
7KLVKDVEHHQVHOHFWHGDIWHUGHFLGLQJWKDWWKLVSRLQWJLYHVWKHEHVWUHVXOWVIRUDOOWKUHHREMHFWLYHV6LQFHUHOLDELOLW\LVDQLPSRUWDQWFULWHULDLQ
DFFHVVFRQWUROV\VWHPLWLVLPSRUWDQWWRPDLQWDLQUHOLDELOLW\DWOHDVW$OVRDV\VWHPWKDWGRHVQ
WJLYHDUHOLDELOLW\RIPLJKWLQFXU
DGGLWLRQDOORVVHVLQUHSDLUDQGGRZQWLPH7KH&RVWKDVWREHNHSWORZKRZHYHUIRUDQLGHQWLILFDWLRQV\VWHPFRVWLVQRWWKHPRVWLPSRUWDQW
FULWHULD$OVRWKHQXPEHURIUHDGHUVLQDV\VWHPVKRXOGEHVXFKWKDWWKHTXHXHZDLWLQJWLPHVDUHZLWKLQVSHFLILFDWLRQV
6\VWHP7HVW9HULILFDWLRQDQG9DOLGDWLRQ
6\VWHP7HVW3ODQ
,QVHUWPDWHULDO)DOO6HPHVWHU
5HIHUHQFHVDQG:HE5HVRXUFHV
,QVHUWUHIHUHQFHVIURP(16(
'HYHORSHGE\5DMHVKUHH9DUDQJDRQNDU6SULQJ6HPHVWHU
5HIRUPDWWHGDQGVOLJKWO\PRGLILHGE\0DUN$XVWLQ0D\
/DVW0RGLILHG
&RS\ULJKW5DMHVKUHH9DUDQJDRQNDU-RKQ%DUDVDQG0DUN$XVWLQ$OOULJKWVUHVHUYHG
KWWSVZZZLVUXPGHGXaDXVWLQHQVHGSURMHFWVGSURMHFWUDMHVKUHHKWPO