Você está na página 1de 34





  
  
 


 
    
  

   
   


 

!∀
#
∃
%    
   


  ! & ∋ 
(
 

   !∀ )  ∗
 

+!
,−∃
  .
/    
 +

0  1+




$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

&XUVR3URILVVLRQDOGH7pFQLFRGH(OHFWUyQLFD$XWRPDomRH&RPSXWDGRUHV

0yGXOR

1RWDVGHDSRLRjVDXODV

3DUWH,,

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

3URJUDPDomR
/DGGHUH/LVWDGH,QVWUXo}HV

1RVH[HPSORVVHUiXWLOL]DGRRVRIWZDUH7ZLGR6XLWH

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

6tPERORVEiVLFRVGDOLQJXDJHP/$''(5

(QWUDGD 6DtGD

,GHQWLGDGH ,GHQWLGDGH

1HJDomR 1HJDomR
RX RX
&RPSOHPHQWR &RPSOHPHQWR

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

2SHUDo}HVGHHQWUDGD

/LVWDGH
/$''(5 2SHUDQGRVSHUPLWLGRV
,QVWUXo}HV

/'  RX,406;%/.[‡;N>

/'1  ,406;%/.[‡;N>

/'5 3 ,

/') 1 ,

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

2SHUDo}HVGHVDtGD

/LVWDGH
/$''(5 2SHUDQGRVSHUPLWLGRV
,QVWUXo}HV

67  406%/.[‡;N

671  406%/.[‡;N

6 6 406;%/.[‡;N

5 5 406;%/.[‡;N

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

2SHUDo}HVOyJLFDVEiVLFDV &RQWDFWRHPUHSRXVR
&RQWDFWRDFWXDGR

,GHQWLGDGH 1HJDomRRX&RPSOHPHQWR

/6 /6

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

2SHUDo}HVOyJLFDVEiVLFDV &RQWDFWRHPUHSRXVR
&RQWDFWRDFWXDGR

( $1' 28 25

/6·6 /6Ÿ 6

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

2SHUDo}HVGHOyJLFDV
$1'
/LVWDGHLQVWUXo}HV /$''(5

$1'

$1'1

$1'

$1' 1

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

2SHUDo}HVGHOyJLFDV
25

/LVWDGHLQVWUXo}HV /$''(5 /LVWDGHLQVWUXo}HV /$''(5

25 25

251 25 1

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

(TXDomR .0  6·Ǝ 6 Ÿ .0 Ə

3URJUDPDHP/$''(5

3URJUDPDHP/,67$'(,16758d®(6

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

%RW %RW
 

([HUFtFLR
)DoDXPSURJUDPDTXHSHUPLWDFRPDQGDUD
VDtGD4DSDUWLUGHGXDVERWRQHLUDV
FRPERW}HVGHPDUFKDHSDUDJHP $3, 3/&

.0

0
a

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

.0 6·6·Ǝ 6 Ÿ 6 Ÿ .0 Ə

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

"
.06 Ǝ6Ÿ .0Ə·.0

.06 Ǝ6Ÿ .0Ə·.0

$QWyQLR+HQULTXHV 

 
 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

6LPSOLILFDQGR

$QWyQLR+HQULTXHV 


 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

)LFDDVVLP

$QWyQLR+HQULTXHV 


$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

%ORFRVGHIXQomR

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

%ORFRIXQomR 7HPSRUL]DGRU

(QGHUHoRGRWHPSRUL]DGRU
70L L UHSUHVHQWDRQ~PHURGR
WHPSRUL]DGRU
721 7HPSRUL]DomRDRWUDEDOKR

7LSR 72) 7HPSRUL]DomRDRUHSRXVR


73 7HPSRUL]DomRGHLPSXOVR
7% %DVHGHWHPSRGDWHPSRUL]DomR

70L3 9DORUTXHGHILQHDWHPSRUL]DomR
70L9 9DORUDFWXDOGDWHPSRUL]DomR
,1 (QWUDGD

4 6DtGD

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

3DUDPHWUL]DomRGRWHPSRUL]DGRU

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

"
.06·Ǝ .0ŸƎ6·.0ƏƏ

.06·Ǝ 6ŸƎ .0·.0ƏƏ·.07·.0

.0 6·.0·.0

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

%ORFRIXQomR &RQWDGRU

(QGHUHoRGRFRQWDGRU
&L
L UHSUHVHQWDRQ~PHURGRFRQWDGRU
&L9 9DORUDFWXDOGDFRQWDJHP
9DORUGHFRQWDJHPSUpGHILQLGRSHOR
&L3
SURJUDPDGRUHQWUHH
<1± 6LP1mRSRGHVHUPRGLILFDGRDWUDYpVGD
$'-
WDEHODGHDQLPDomR
(
5 5HVHW FRORFDRFRQWDGRUD &L9 
1
7 6HW FRORFDRFRQWDGRUFRPRYDORUSUp
6
5 GHILQLGRSDUD&L3 &L9 &L3
$
' &8 ,QFUHPHQWDRFRQWDGRU&L9 &L9
$
6
&' 'HFUHPHQWDRFRQWDGRU&L9 &L9

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

%ORFRIXQomR &RQWDGRU

9DLDTXDQWRRYDORUGRFRQWDGRU&L9HVWi
6 ( HPHDHQWUDGD&'p FRORFDGDDILFDQGRR
$ FRQWDGRUFRPRYDORU
Ë
' 9DLDTXDQGR&L9 &L3
'
$ 9DLDTXDQWRRYDORUGRFRQWDGRU&L9HVWi
6 ) HPHDHQWUDGD&8p FRORFDGDD
ILFDQGRRFRQWDGRUFRPRYDORU

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

%ORFRIXQomR &RQWDGRU

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

([HUFtFLR
&RQWURORGHDFHVVRVDHVSDoRFXMRQ~PHURPi[LPRGHOXJDUHVp
2HVSDoRpVHUYLGRSRUGXDVSRUWDVXPDSDUDHQWUDGDHRXWUDSDUDVDtGD$VSRUWDVVmRFRPDQGDGDV
DWUDYpVGHGHWHFWRUHVGHSUHVHQoDHRFRQWURORGHHQWUDGDVHVDtGDVpIHLWRSRUEDUUHLUDGH
LQIUDYHUPHOKRV
$SRUWDGHHQWUDGDVyDEUHVHDORWDomRGRORFDOQmRHVWLYHUFRPSOHWD


$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$QWyQLR+HQULTXHV 

 
$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV 

$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

$QWyQLR+HQULTXHV 

 


$XWyPDWRV3URJUDPiYHLV,QGXVWULDLV

5HIHUrQFLDV

)UDQFLVFR$QWyQLR$XWyPDWRV3URJUDPiYHLVHGLomR/LVERD/,'(/

2OLYHLUD3DXOR$XWRPDomR,QGXVWULDO/LVERD/,'(/

'RFXPHQWDomRWpFQLFDGHIDEULFDQWHVGHDXWyPDWRV

6FKQHLGHU(OHFWULF

6LWHVQD,QWHUQHW

KWWSZZZDXWRPDWDVRUJ

KWWSROPRSQWLFPHFHVMPDUWLSRUWDGDLQGH[KWP

$QWyQLR+HQULTXHV 

 

Você também pode gostar