0% found this document useful (0 votes)
4 views4 pages

E3sconf Icersd2020 04053

Download as pdf or txt
Download as pdf or txt
Download as pdf or txt
You are on page 1/ 4

E3S Web of Conferences 236, 04053 (2021) https://doi.org/10.

1051/e3sconf/202123604053
ICERSD 2020

7KH$UWLVWLF)HDWXUHVRI,QGLDQ)LOPV 7DNLQJ³,GLRWV´DVDQ
([DPSOH
=LKDQ4X‚D<X/LXE+DQ0DRF
6FKRRORI$UWV&KRQJTLQJ8QLYHUVLW\&KRQJTLQJ&KLQD
6FKRRORI$UFKLWHFWXUHDQG$UWV&HQWUDO6RXWK8QLYHUVLW\&KDQJVKD+XQDQ&KLQD

$EVWUDFW $VRQHRIWKHPDVWHUSLHFHVRI,QGLDQPRYLHV³,GLRWV´XVHVLWVXQLTXHFRPHGLFDUWWRSRLQWRXW
VRFLDOSUREOHPVDQGUHIOHFWFULWLFDOWKLQNLQJIURPWKHRXWVLGHWRWKHLQVLGH$WWKHVDPHWLPHLWUHSHDWHGO\XVHV
VWRU\FRQIOLFWVWRVWUHQJWKHQWKHH[SUHVVLRQRIWKHILOP¶VFRUHLGHDV7KHSORWFRPELQHVDKLJKOHYHOVLQJLQJ
DQGGDQFLQJDUWIRUPZLWKUHJLRQDOFKDUDFWHULVWLFVWKURXJKDWZROLQHQDUUDWLYHVWUXFWXUHRIWLPHDQGVSDFH
7KHFRQQRWDWLRQDQGH[SUHVVLRQRIWKHILOPFRPSOHPHQWHDFKRWKHUVWUHQJWKHQWKHYLHZLQJH[SHULHQFHDQG
GHHSHQWKHVRFLDODQGDHVWKHWLFYDOXHRIWKHILOP

,QWURGXFWLRQ
³ ,GLRWV´ WHOOV WKH ZRQGHUIXO VWRU\ RI WKH SURWDJRQLVW
5DQFKRGGDVDQGKLVWZRIULHQGV5DMXDQG)DUKDQEUDYHO\
FKDOOHQJLQJ WKH VFKRRO¶V ROGIDVKLRQHG WHDFKLQJ V\VWHP
GHPRQVWUDWLQJ WKHLU ZLVGRP DQG FKDUDFWHULVWLFV DQG
GHILQLQJWKHLURZQOLIH6LQFHLWVUHOHDVHLQWKHILOP
KDV VXFFHVVLYHO\ ZRQ  DZDUGV LQFOXGLQJ %HVW 3LFWXUH
%HVW'LUHFWRU%HVW6XSSRUWLQJ$FWRUDQG%HVW6FUHHQSOD\
DWWKH%RPED\([SR$ZDUGV,WFDQEHVDLGWREHWKHFODVVLF
SHDNRIPRGHUQ,QGLDQFLQHPDLQUHFHQW\HDUV

7KH6SLULWRIWKH0RYLH  ([DJJHUDWHGSHUIRUPDQFH

0RVWRIWKH,QGLDQPRYLHVDUHEDVHGRQWKHVRFLHW\ZLWKD 7KHHGXFDWLRQV\VWHPLQ,QGLDLVDVRFLDOLVVXHSRLQWHG
VWURQJDWPRVSKHUHRIOLIH:KLOHWKH\JLYHWKHDXGLHQFHD RXW LQ PRVW RI WKH ILOP7R GLVFXVV WKH HGXFDWLRQDO SDLQ
VWURQJYLVXDOH[SHULHQFHWKH\GRQRWIRUJHWWRFRQYH\WKH SRLQWV WRXFKHG E\ WKLV PRYLH WKHUH LV D FKDUDFWHU WKDW
KLGGHQWKRXJKWVDQGVSLULWXDOFRQQRWDWLRQVWRWKHDXGLHQFH FDQQRW EH DYRLGHG WKDW LV WKH GHDQ RI WKH 3RO\WHFKQLF
$VDFRPHG\WKHILOPLVIXOORIKXPRURXVHOHPHQWV7KH ,QVWLWXWH ZKR LV NQRZQ DV WKH YLUXV 7KLV LV D YHU\
VHHPLQJO\DEVXUGGLDORJXHVLQWKHILOPDUHILOOHGZLWKKXJH ULJRURXVDQGULJLGFKDUDFWHU7KHUHLVDZRQGHUIXOSORWLQ
VSLULWXDOWUHDVXUHV7KLVLVVLPLODUWRWKHSRHWU\RIZULWHUV WKH PRYLH WKDW UHIOHFWV WKH FRQIOLFW RI LGHDV EHWZHHQ WKH
DQGWKHZRUNVRIDUWLVWV,WJXLGHVWKHDXGLHQFHWRFRPPHQW SURWDJRQLVWDQGWKHGLUHFWRU
7R LQWHUSUHW WKH FRQQRWDWLRQ7KH FRQQRWDWLRQ RI PRYLHV 7KH SURWDJRQLVW ZDV DVNHG E\ WKH SURIHVVRU GXULQJ
RIWHQKDVSURIRXQGFULWLFLVPDQGUHIOHFWLRQRQVRFLHW\EXW FODVV :KDW LV D PHFKDQLFDO GHYLFH" 5DQFKRGGDV
LWLVDOZD\VIXOORISRVLWLYHIRUFH LQWURGXFHG WKH PHFKDQLFDO GHYLFH LQ DQ HDV\WR
XQGHUVWDQGVHQWHQFHWKHPHFKDQLFDOGHYLFHLVWKHRQHWKDW
6RFLDO&ULWLFLVPXQGHUWKH6XUIDFHRI&RPHG\ VDYHV HIIRUW 5DQFKRGGDV DOVR GUHZ XS DQG GRZQ WKH
]LSSHU WR VKRZ KRZ WKH PDFKLQH ZDV HIIRUWOHVV 7KH
:LWK KXPRURXV SORWV ODQJXDJH DQG H[DJJHUDWHG DFWLRQ SURIHVVRUZDVIXULRXVDQGWKUHZWKHFKDONKHDGGLUHFWO\DW
SHUIRUPDQFHVWKHILOPXVHVKXPRURXVWHFKQLTXHVWRFUHDWH 5DQFKRGGDV2QWKHFRQWUDU\WKHVWXGHQW&KDWXUVWRRGXS
SORW FRQIOLFWV SRLQW RXW VRFLDO LVVXHV DQG WULJJHU DQGUHFLWHGWKHFRPSOH[GHILQLWLRQRIPHFKDQLFDOGHYLFHV
DXGLHQFHVWRWKLQN0RYLHVRIWHQXVHWKHVLPSOHDFWLRQVRI LQ WKH ERRN YHUEDWLP EXW ZRQ WKH SURIHVVRU¶V KHDUWIHOW
WKH FKDUDFWHUV WR H[SUHVV WKHLU RSLQLRQV WKH VRFDOOHG SUDLVH7KHSURIHVVRUGURYH5DQFKHURXWRIWKHFODVVURRP
VPLOHDQGFU\GXULQJZDWFKLQJWKHPRYLH )LJXUH  $IWHU5DQFKRGGDVZDONHGRXWRIWKHFODVVURRPDQGWXUQHG
EDFNVRRQWKHSURIHVVRUDVNHGKLPZKDWKHZDQWHGWRGR
D#TTFRP
E#TTFRP
FPDRKDQKDQ#IR[PDLOFRP

© The Authors, published by EDP Sciences. This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0
(http://creativecommons.org/licenses/by/4.0/).
E3S Web of Conferences 236, 04053 (2021) https://doi.org/10.1051/e3sconf/202123604053
ICERSD 2020

5DQFKRGGDV VDLG KH ZDQWHG WR WDNH VRPHWKLQJ DQG WKH PXOWLSOH DQJOHV DQG DFFXPXODWLQJ DUJXPHQWV $QG
SURIHVVRUDVNHGKLPZKDWWRWDNH5DQFKRGGDVXVHGRQHRU VWLPXODWHWKLQNLQJ
WZR KXQGUHG ZRUGV RI GHVFULSWLRQ WR H[SUHVV ZKDW KH
ZDQWHG WR WDNH :KHQ WKH SURIHVVRU KHDUG WKLV KH ZDV
FRQIXVHGDQGDVNHGZKDWKHZDQWHGWRWDNH"5DQFKRGGDV 7KH$UWRIWKH)LOP
VDLG%RRNV 7KHFRQQRWDWLRQRIWKHILOPLVH[SUHVVHGWKURXJKVKRRWLQJ
7KLVVWRU\PDNHVSHRSOHODXJKDQGVHHPVDEVXUGEXW WHFKQLTXHV7KHDUWLVWLFWHFKQLTXHLQ,QGLDQPRYLHVKDVD
WKLVVWRU\H[SRVHVVRPHREYLRXVVRFLDOSUREOHPV7KHILOP XQLTXH SHUVRQDOLW\ ,Q WKLV ILOP WKH WZROLQH QDUUDWLYH
GRHVQRWGLUHFWO\SRLQWRXWWKHWKHPHRI³WKHSXUSRVHRI VWUXFWXUHRIWLPHDQGVSDFHEULQJVDULFKSORWWRWKHILOP
HGXFDWLRQ´EXWLQVWHDGFRPLFVDQGDUWLVWLFL]HVWKHFRQIOLFW :LWKWKHGHYHORSPHQWRIWKHSORWWKHPXVLFDODUWRIWKH
EHWZHHQWKHFKDUDFWHUVVRWKDWWKHDXGLHQFHFDQILQGVRFLDO ILOP VWLPXODWHV WKH DXGLHQFHV WKLQNLQJ DQG DW WKH VDPH
FRQWUDGLFWLRQV LQ WKH ODXJKWHU DQG UHIOHFW RQ VRFLDO
WLPH IHHGV EDFN WKH SORW ZKLFK IXUWKHU SURPRWHV WKH
SUREOHPV
GHYHORSPHQWRIWKHSORW7KHXQLTXHVLQJLQJDQGGDQFLQJ
IRUPVRI,QGLDQPRYLHVEDODQFHWKHH[FLWHPHQWRIWKHSORW
'HHSHQLQJ7KHPHV WRWKHDXGLHQFH7KHILQDOKDSS\HQGLQJPDGHWKHILOPV
UHJLRQDOVW\OH
7KH ILOP GHPRQVWUDWHV WKH FRUH SRLQW WKURXJK RQH FDVH
DIWHU DQRWKHU7KH SURWDJRQLVW 5DQFKRGGDV XVHV KLV RZQ
EHKDYLRUDOOWKHWLPHWRVKRZKLVIUHHGRPVKLQLQJZLWKWKH 7KHdZROLQHEDUUDWLYH^WUXFWXUHRIdLPHDQG
EULOOLDQFHRIKXPDQQDWXUHDQGIURPWKLVKHH[SUHVVHVWKH ^SDFHQULFKHVWKHWORWRIWKHDRYLH
WKHPHRIWKHILOP瀥LQGHSHQGHQFHDQGIUHHGRP
0RYLHV DUH WKH DUW RI WLPH FRPSRVHG RI VSDFHWLPH
,Q WKH ILOP 5DQFKRGGDV ZDV GUDJJHG LQWR WKH
PRYHPHQWVH[SUHVVHGWKURXJKKXQGUHGVRIVKRWV2QHRI
FODVVURRPE\WKHSULQFLSDODQGDVNHGKLPWRGHPRQVWUDWH
WKH VSHFLDO H[SUHVVLRQ PHWKRGV DQG LPSRUWDQW
KRZ WR WHDFK +H DVNHG HYHU\RQH WR ORRN IRU WZR QRQ
FKDUDFWHULVWLFVRIWKHILOPLVWKHVSDFHWLPHGHVLJQ$VD
H[LVWHQWQRXQVLQWKHPDWHULDOVEXWRIFRXUVHWKH\FRXOGQ W
W\SLFDO WLPHVSDFH WZROLQH ILOP WKLV ILOP IOH[LEO\
ILQGWKHP/DWHU5DQFKRGGDVVDLGWKHIROORZLQJ:KDWLV
PDQDJHVWKHOHQJWKDQGEUHDGWKRIWLPHDQGVSDFHOD\LQJ
WKH SXUSRVH RI OHDUQLQJ" ,V LW VFRUHV FHUWLILFDWHV
DVROLGIRXQGDWLRQIRUWKHQHFHVVDU\DUWLVWLFUHQGHULQJDQG
VFKRODUVKLSV"$IILUPDWLRQDQGHQY\RIRWKHUV"3HUKDSVLW
WKH ILOP WLPH DQG VSDFH DUH FKDQJHDEOH DQG WKH ILOP
LV EXW ZKHQ WKH PRWLYDWLRQ WR GR VRPHWKLQJ LV
VWUXFWXUHLVULFK7KHVSDFHWLPHGHVLJQRIWKHILOPDGRSWV
H[WHUQDOL]HGLQWRPDWHULDODIILUPDWLRQDQGWKHHYDOXDWLRQ
D PRGH WKDW FRPELQHV UHDOLW\ DQG PHPRU\ 2QH LV WKH
RIRWKHUVZHORVHRXURULJLQDOLQWHQWLRQWRGRLW )LJXUH 
UHDOLW\OLQHWKHRWKHULVWKHPHPRU\OLQHDQGWKHWZROLQHV
DUHWROGDWWKHVDPHWLPHVZLWFKLQJIOH[LEO\
7KHWRWDOOHQJWKRIWKHILOPLVDERXWPLQXWHV7KH
ILUVWPLQXWHVLVWKHLQWURGXFWLRQZKLFKLVWKHUHDOLW\OLQH
$WPLQXWHVWKLQJVVWDUWHGWRIODVKEDFNDQGXQWLO
PLQXWHVWKHPDLQFRQWHQWZDVUHPLQLVFLQJDERXWFROOHJH
WLPHPLQXWHVMXPSHGEDFNWRWKHUHDOLW\OLQH
 PLQXWHV LQWR WKH PHPRU\ DQG WKH ODVW  PLQXWHV
UHWXUQHGWRUHDOLW\,QWKHPHPRU\OLQHWKHILOPLVDW\SLFDO
\RXWK PRYLH /RYH IULHQGVKLS VFKRRO ZRUN DQG ZRUN
KDYHDZDNHQHGFRXQWOHVVSHRSOH V\RXWKIXOPHPRULHV,Q
WKH ILOP WKH OLQHDU QDUUDWLYH WKDW WKH DXGLHQFH KDV EHHQ
DFFXVWRPHG WR LV FRPELQHG ZLWK WKH DUWLVWLF QRQOLQHDU
QDUUDWLYH 7KH SORW FKDQJHV DQG UK\WKP DUH UHODWLYHO\
VWDEOH WKH VWUXFWXUH DQG FRQWHQW DUH SURFHVVHG PDWXUHO\
WKHWUDQVLWLRQRIWKHWZROLQHSDUDJUDSKVLVYHU\VPRRWK
DQGWKHYLHZLQJH[SHULHQFHLVH[FHOOHQW
,Q WKH SURFHVV RI WLPHVSDFH FRQYHUVLRQ WKH ILOP
DGRSWVWKHH[SUHVVLRQWHFKQLTXHRIFRPSUHVVLQJWLPHDQG
 MXPSLQJ VSDFH WKH WKUHH SHRSOH FURVVHGLW WKH WZR WLPH
SHULRGVRIUHDOLW\DQGPHPRU\IURPWKHSDVWWRWKHSUHVHQW
 6WLOOV'LIIHUHQW9LHZVRQ(GXFDWLRQ DQG XVH WKH WUDQVLWLRQ RI WLPH WR MXPS IURP RQH FOXH WR
7KH WKHPH RI WKH ILOP LV H[SUHVVHG ZLWK WKH DQRWKHU (YHU\ SDUDJUDSK LQ WKH ILOP XVHV SKRWRV DV D
SURWDJRQLVW¶V ZRUGV OHDUQLQJ LV RULJLQDOO\ GHULYHG IURP WUDQVLWLRQSRLQWWRFOHDUO\H[SODLQWKHSORW$WWKHHQGRI
SHRSOH V H[SORUDWLRQ DQG FXULRVLW\ RI WKH H[WHUQDO ZRUOG WKHVWRU\UHFDOOHGE\WKHFKDUDFWHUWKHILOPZLOOXVHDSKRWR
EXWDOVRWRDFKLHYHWKHLURZQLPSURYHPHQWDQGSHUIHFWLRQ WR IUHH]H WKH IUDPH WR UHSUHVHQW WKH HQG RI D VWRU\
7KHODVWWKUHHSURWDJRQLVWVLQWKHPRYLHDOOGHYHORSHGDQG GLVFDUGLQJUHGXQGDQWZRUGVDQGFRQWHQWDQGWKHIRUPLV
VWUXJJOHGLQWKHLUIDYRULWHFDUHHUVDQGDOOPDGHWKHLURZQ VLPSOH DQG FOHDU 7KH WLPHVSDFH FRPSUHVVHG MXPS OLQN
DFKLHYHPHQWV7KHPRYLHLVOLNHWKLVUHSHDWLQJDVWDFNRI QRWRQO\VDYHVVSDFHEXWDOVRHQULFKHVWKHDUWLVWLFHIIHFW
VPDOO SORWV UHSHDWLQJ WKH PRYLH¶V YLHZSRLQWV IURP UHQGHUV WKH DWPRVSKHUH DQG VWUHQJWKHQV WKH UK\WKP
)LJXUH $VDFRPHG\WKHILOPKDVQRFOXHVWKDWPDNH

2
E3S Web of Conferences 236, 04053 (2021) https://doi.org/10.1051/e3sconf/202123604053
ICERSD 2020

WKHDXGLHQFHGLIILFXOWWRXQGHUVWDQGDQGWKHMXPSRIVSDFH XQDEOH WR EUHDN IUHH IURP WKH VKDFNOHV RI WKH HGXFDWLRQ
DQG WLPH LV QRW DEUXSW DQG PRQRWRQRXV 6XVSHQVH DQG V\VWHP DW WKDW WLPH DQG WKHQ LQWURGXFHG WKH FRQFHSW RI
IRUHVKDGRZLQJ DUH DOVR XQIROGHG RQH E\ RQH ZLWK WKH ³FUDZOLQJHGXFDWLRQ´:KHQWKHVRQJZDVSOD\HGIRUWKH
GHYHORSPHQW RI WKH VWRU\7KH ZKROH ILOP KDV D VPRRWK VHFRQGWLPHWKHSULQFLSDORIWKHV\PEROLF³GLHKDUG´KDG
SORWDQGQRYHODQGFKDQJHDEOHIUDPHZRUN DOUHDG\FRPSURPLVHG5DQFKRGGDV¶VLQQRYDWLYHLGHDV$W
WKLVWLPHWKHWKHPHRIWKHILOP³5DWLRQDOL]DWLRQRIWKH
(GXFDWLRQ 6\VWHP´ LV XQUHVHUYHGO\ H[SUHVVHG WKURXJK
WKHVHSORWVDQGDWPRVSKHUH


 *UDGXDWLRQSKRWR

0XVLFDOUWWURPRWHVWORWHYHORSPHQW

$V DQ LQGLVSHQVDEOH HOHPHQW LQ D ILOP DQG DQ LPSRUWDQW


PHDQVRIFRQYH\LQJWKHVRXORIDILOPPXVLFDUWFDQQRW
RQO\SURPRWHWKHGHYHORSPHQWRIWKHSORWEXWDOVRUHYHDO
WKH WKHPH DQG FRQQRWDWLRQ YDOXH RI WKH ILOP UHQGHU WKH
RYHUDOODWPRVSKHUHDQGHQULFKWKHOHQVLQIRUPDWLRQ
,QWKLVILOPPXVLFUHOLHVRQLWVRZQFKDUDFWHULVWLFVWR
IHHGEDFNWKHSLFWXUHIXUWKHUUHQGHULQJWKHDWPRVSKHUHRI
WKH SLFWXUH$W WKH EHJLQQLQJ RI WKH ILOP D EDFNJURXQG
PXVLF VRXQGHG RQ 5DMX DQG WKH RWKHUV ORRNLQJ IRU
5DQFKRGGDV7KHVFHQHRIDJURXSRISHRSOHUXQQLQJDORQJ
WKH ZLQGLQJ PRXQWDLQ KLJKZD\ FRQWLQXHG IRU WKUHH IXOO
PLQXWHVZLWKPXVLF7KHZLQGLQJURDGVDUHDFFRPSDQLHG
E\ORQJVRXQGLQJPXVLFDOOVLJQVVXJJHVWWKHUXJJHGQHVV
RIWKHURDG,QDGGLWLRQ5DQFKRGGDV VFKDUDFWHUWUDLWVDUH
H[SUHVVHGWKURXJKO\ULFV7KHO\ULFVRI³+HLVDVIUHHDVWKH
ZLQG´LVZDUPDQGIXOORISRZHUZKLFKQRWRQO\KLQWVDW
5DQFKHU¶V FKDUDFWHU EXW DOVR UHQGHUV D P\VWHULRXV
DWPRVSKHUH
,Q LWV HVVHQFH PXVLF LV WKH OHDVW JRRG DW FRQFUHWH 
H[SUHVVLRQ EXW LW FDQ KLJKO\ JHQHUDOL]H WKH LQQHU  6WLOOV˖*LYH0H6RPH6XQVKLQH
SV\FKRORJLFDO FKDQJHV DQG VXEWOH DQG ULFK HPRWLRQDO
VWDWHVRIWKHFKDUDFWHUV,QWKHVHFRQGKDOIRIWKHILOP5DMX $QRWKHUIXQFWLRQRIWKHPXVLFLQWKHILOPLVWRFRQQHFW
ZDVIRUFHGWRFRPPLWVXLFLGHE\MXPSLQJRIIWKHEXLOGLQJ VFDWWHUHGVLQJLQJDQGGDQFLQJVKRWVWRIXUWKHUSURPRWHWKH
5DQFKRGGDV)DUKDQDQG5DMX¶VIDPLO\DQGIULHQGVZRUNHG GHYHORSPHQWRIWKHSORW)RUH[DPSOHZKHQWKHFKDUDFWHUV
WRJHWKHUWRPDNHSODQVWRUHVWRUH5DMX¶VKHDOWK³:HZRQ¶W LQ WKH ILOP VWRS WKH ZDWHU LQ WKH EDWKKRXVH WKH PXVLF
OHW\RXJRZHZLOOFRQWLQXH´7KLVO\ULFDSSHDUHGLQWKH VXGGHQO\VRXQGV$WWKLVWLPHWKHVRQJVEHJLQWRGLUHFWO\
VFHQH ZKHUH 5DMX¶V IULHQGV H[KDXVWHG WKHLU HIIRUWV WR SDUWLFLSDWHLQWKHGHYHORSPHQWRIWKHSORW7KHOHQVRIWKLV
UHVWRUHKLP WRKHDOWKIXOO\GHPRQVWUDWLQJ WKH IULHQGVKLS SLHFHRIPXVLFXVHVDODUJHQXPEHURIREOLTXHFRPSRVLWLRQ
EHWZHHQ5DMXDQGKLVIULHQGV ZKLFK LV D PHWDSKRU IRU WKH XQUHDVRQDEOH HGXFDWLRQ
:KHQILOPPXVLFLVPDWFKHGZLWKGLIIHUHQWSLFWXUHVLWV V\VWHP 7KH O\ULFV ³/LWWOH &KLFNHQV :LOO 1RW .QRZ WKH
LQKHUHQWFKDUDFWHULVWLFVZLOODOVRFKDQJH,WFDQEHIUHHO\ )DWH RI (JJV´ XVH PHWDSKRUV 7KH FRQWUDGLFWLRQV LQ WKH
HODERUDWHGDQGH[TXLVLWHO\HQOLJKWHQHGWKHDXGLHQFHWKXV ILOPDUHUHIOHFWHGLQWKHFRQWUDVWEHWZHHQWKHROGLGHDVRI
LOOXPLQDWLQJWKHFHQWUDOLGHDRIWKHILOP7KHUHLVRQO\RQH PRVW ,QGLDQ SDUHQWV DQG 5DQFKRGGDV¶V LQQRYDWLYH LGHDV
VRQJWKDWUXQVWKURXJKDOOWKHPHPRULHVDQGWKDWLV³*LYH ZKLFKSURPRWHVWKHLQGHSWKGHYHORSPHQWRIWKHVWRU\OLQH 
PHVRPHVXQVKLQH´VXQJE\-RH\ )LJXUH 7KHVRQJZDV
ILUVW VXQJ E\ -RH\ LQ WKH ILOP DIWHU KLV JUDGXDWLRQ
7KH&RUPRI^LQJLQJDQGDQFLQJDODQFHV
DSSOLFDWLRQZDVUHMHFWHG7KHODVWDSSHDUDQFHZDVDWWKH
JUDGXDWLRQFHUHPRQ\RI5DQFKRGGDVDQGRWKHUV$OWKRXJK WKHDRRGRIWKH&LOP
WKHPXVLFRIWKHWZRHSLVRGHVLVWKHVDPHWKHFRQQRWDWLRQV 7KH FRORUIXO VLQJLQJ DQG GDQFLQJ VFHQHV DUH WKH EDVLF
H[SUHVVHG DUH TXLWH GLIIHUHQW:KHQ -RH\ VDQJ WKLV VRQJ FKDUDFWHULVWLFV RI ,QGLDQ PRYLHV 7KH GUHDPOLNH
IRUWKHILUVWWLPHWKHZKROHHQYLURQPHQWZDVGDUNRQO\ DWPRVSKHUH RI WKH ILOP LV FRQYH\HG WKURXJK WKH VLQJLQJ
WKH FKDUDFWHU¶V IDFH ZDV LOOXPLQDWHG E\ OLJKW FRPELQHG DQGGDQFLQJVFHQHV )LJXUH 7KHSHUIRUPDQFHRIDODUJH
ZLWKWKHO\ULFV³*LYHPHDQRWKHUFKDQFH,ZDQWWRJURZ QXPEHURIVLQJLQJDQGGDQFLQJWKHJRUJHRXVPRGHOLQJRI
XSDJDLQ´WKXVVKRZLQJWKDW-RH\ZDQWV³%H0\VHOI´EXW

3
E3S Web of Conferences 236, 04053 (2021) https://doi.org/10.1051/e3sconf/202123604053
ICERSD 2020

WKH DFWRUV DQG WKH DWPRVSKHUH RI VLQJLQJ DQG GDQFLQJ VSDFH EULQJV WKH DXGLHQFH DQ LPPHUVLYH YLHZLQJ
PDNH WKH DXGLHQFH EUHDN DZD\ IURP WKH XVXDO EXV\ DQG H[SHULHQFH
WLUHG OLIH DQG IHHO WKH UHOLHI DQG UHOD[DWLRQ RI ERG\ DQG
PLQG
)RXQGDWLRQLWHP
1XPEHU
6SRQVRU 7HDFKLQJ 5HIRUP 3URMHFW RI &HQWUDO 6RXWK
8QLYHUVLW\

5()(5(1&(6
 -LQJNXL -LDQJ <DQ -LD   ³%ROO\ZRRG´
LQIOXHQFHVDOORYHUWKHZRUOG:RUOG.QRZOHGJH  

 <L=KX  7KHDHVWKHWLFFKDUDFWHULVWLFVRIGDQFH
 HOHPHQWVLQ,QGLDQPRYLHV0DQJ&KXQJ  

 &KXQ /DL   7KH DUWLVWLF FKDUDFWHULVWLFV DQG
HQOLJKWHQPHQW RI ,QGLDQ ILOPV 3RSXODU /LWHUDWXUH
 
 0HLPLQ /L /LTLQ =KRX   7KH 1DUUDWLYH
)XQFWLRQRI6RQJVDQG'DQFHVLQ,QGLDQ0RYLHV)LOP
5HYLHZ  
 <XDQGD&KHQ  7KHWLPHDQGVSDFHDUWRIILOP
)LOP/LWHUDWXUH  
  +RQJ\LQJ'HQJ  ,QGLDQ0RYLHV$*RUJHRXV
DQG5RPDQWLF6FUHHQ([TXLVLWH)ORZHU'UDPD+RXVH
 %ROO\ZRRGWUDGLWLRQDOVRQJDQGGDQFH  
0DQ\UHSRUWHUVZKRLQWHUYLHZHG,QGLDQILOPDXGLHQFHV  +DQ 0DR -LQJUX /LX   7KH WUDGLWLRQDO
JRWWKHVDPHDQVZHU7KHEXV\OLIHKDVPDGHWKHPWLUHG DHVWKHWLFV LQ WKH SDODFH GUDPD ³6WUDWHJ\ RI <DQ[L
HQRXJK'XULQJWKHPRYLHZDWFKLQJWKHSHUIRUPDQFHRI 3DODFH´+XQDQ3DFNDJLQJ  
VLQJLQJ DQG GDQFLQJ FDQ JUHDWO\ UHOLHYH WKHLU 
SV\FKRORJLFDOSUHVVXUH
7KHSORWRI³7KUHH)RROVLQ%ROO\ZRRG´LVLQWHUWZLQHG
DQG WKH ILOP DGYDQFHV WKH SORW GHYHORSPHQW WKURXJK WKH
DUWLVWLFH[SUHVVLRQRIEHDXWLIXOVRQJDQGGDQFH0RUHRYHU
WKHSORWXVXDOO\KDVDKXJHWXUQDIWHUDSHULRGRIFDUQLYDO
7KH FKDQJH RI WKH FDPHUD VWLPXODWHV WKH SK\VLRORJLFDO
SHUFHSWLRQRIWKHDXGLHQFHDQGWKHXSVDQGGRZQVRIWKH
SORW EULQJV D XQLTXH SV\FKRORJLFDO H[SHULHQFH WR WKH
DXGLHQFH 6RQJ DQG GDQFH LV D VSHFLDO ILOP ODQJXDJH LQ
,QGLDQILOPVFRPELQHGZLWKILOPVWRULHVKDVEHFRPHRQH
RI WKH LPSRUWDQW PHDQV RI ILOP QDUUDWLRQ 7KH VLQJLQJ
GDQFLQJ DQG WKH SORW LQ ³ ,GLRWV´ DUH VPRRWK DQG WKLV
QHDUO\ WKUHHKRXU PRYLH LV QRW GXOO DW DOO7KH DXGLHQFH
UHOD[HVWKHPVHOYHVLQDUHOD[HGHQYLURQPHQWDQGLQVSLUHV
WKLQNLQJ 

&RQFOXVLRQ
&XOWXUH DUW  WKH KLJK UHSXWDWLRQ DQG VWURQJ
YLWDOLW\RI  LVFORVHO\UHODWHGWRLWVXQLTXHDUWLVWLF
VW\OHDQGLQWULJXLQJVSLULWXDOFRQQRWDWLRQ,QWKHLWHUDWLRQ
RI,QGLDQPRYLHVPXVLFDQGGDQFHZLOOQHYHUEHDEVHQW
%HFDXVHRIWKLV,QGLDQPRYLHVKDYHWKHLUXQLTXHDUWLVWLF
FKDUP7KHILOPLVLQWHJUDWHGLQWRWKHORFDOFXOWXUHRI,QGLD
LQ ZKLFK WKH DUWLVWLF H[SUHVVLRQV DQG SURIRXQG VSLULWXDO
FRQQRWDWLRQVFRPSOHPHQWHDFKRWKHU7KHDGYDQFHPHQWRI
WKHSORWFRPELQHGZLWKWKHWZROLQHQDUUDWLYHRIWLPHDQG

You might also like