Você está na página 1de 7

$QDLVGR,,:RUNVKRSGH&RPSXWDomR&LHQWtILFDGD8(1),,:&&

&DPSRVGRV*R\WDFD]HV5-%UDVLO'HF

3DSHU:&&

$1/,6( &203$5$7,9$ '$ (67$%,/,'$'( '( 7$/8'(6
87,/,=$1'2 26 0e72'26 '( (48,/%5,2 /,0,7( (/(0(1726
),1,726($1/,6(/,0,7(180e5,&$

-HDQ&ULVSLP)HUUHLUD
8QLYHUVLGDGH(VWDGXDOGR1RUWH)OXPLQHQVH$Y$OEHUWR/DPHJR&DPSRV5-&(33UpGLRGDV2ILFLQDV
MHDQFULVSLP#JPDLOFRP

$OGR'XUDQG)DUIiQ
8QLYHUVLGDGH(VWDGXDOGR1RUWH)OXPLQHQVH$Y$OEHUWR/DPHJR&DPSRV5-&(33UpGLRGDV2ILFLQDV
DOGR#XHQIEU

5HVXPR (VWH WUDEDOKR WUDWD GD DQiOLVH GH HVWDELOLGDGH GH WDOXGHV HP PHLRV JHROyJLFRV KRPRJrQHRV SDUD R TXDO VmR XWLOL]DGRV
PpWRGRV QXPpULFRV H DQDOtWLFRV  2V PpWRGRV QXPpULFRV VH UHIHUHP DRV PpWRGRV GH HOHPHQWRV ILQLWRV 3/$;,6  H DQiOLVH OLPLWH
/,0$*  H SDUD R PpWRGR DQDOtWLFR p XWLOL]DGR D WpFQLFD GH HTXLOtEULR OLPLWH FRQVLGHUDQGR R PpWRGR GDV IDWLDV GH -DQEX *(2
6/23( 2VUHVXOWDGRVREWLGRVHPFDGDPpWRGRVmRFRUUHODFLRQDGRVHQWUHVLDWUDYpVGR)DWRUGH5HGXomR )5 

3DODYUDFKDYH (VWDELOLGDGH GH 7DOXGHV 0pWRGR GRV (OHPHQWRV )LQLWRV 0()  $QiOLVH /LPLWH 1XPpULFD $/1  0pWRGR GR
(TXLOtEULR/LPLWH 0(/ 

,QWURGXomR

1D JHRWHFQLD R GHVHQYROYLPHQWR GH IHUUDPHQWDV FRPSXWDFLRQDLV DGHTXDGDV SDUD UHVROXomR H PHOKRU
HQWHQGLPHQWRGRFRPSRUWDPHQWRGHPDWHULDLVJHROyJLFRVEDVHDGDVHPPHWRGRORJLDVFRQVLVWHQWHVFUHVFHXEDVWDQWHQRV
~OWLPRVDQRV
2V PpWRGRV XWLOL]DGRV SDUD DQiOLVH GD HVWDELOLGDGH GH WDOXGHV VH GHVHQYROYHUDP LQLFLDOPHQWH DWUDYpV GR
0pWRGR GH (TXLOtEULR /LPLWH TXH WHP SRU KLSyWHVH H[LVWrQFLD GH XPD OLQKD GH HVFRUUHJDPHQWR GH IRUPD FRQKHFLGD
JHUDOPHQWHFLUFXODU TXHGHOLPLWDDSRUomRLQVWiYHOGRPDFLoRREHGHFHQGRDXPFULWpULRGHUXSWXUD JHUDOPHQWH0RKU
&RXORPE DRORQJRGDOLQKDGHHVFRUUHJDPHQWR
7DLV PpWRGRV WUDGLFLRQDLV DSOLFDGRV QD JHRWHFQLD WrP GDGR UHVXOWDGRV VDWLVIDWyULRV HP SUREOHPDV
VLPSOLILFDGRV  -i RV PpWRGRV QXPpULFRV SRGHP UHSUHVHQWDU VLVWHPDV PDLV FRPSOH[RV FRPR SRU H[HPSOR
KHWHURJHQHLGDGHGHPDWHULDLVWUrVGLPHQV}HVDQLVRWURSLDHWF
&RP R DYDQoR GRV FRPSXWDGRUHV SHVVRDLV D DSOLFDomR GH PpWRGRV QXPpULFRV VH WRUQRX FDGD YH] PDLV
SRGHURVD  (VWXGRV GHPRQVWUDP TXH RV UHVXOWDGRV DOFDQoDGRV VmR FDGD YH] PDLV FODURV H SUHFLVRV SRGHQGR DLQGD WHU
XPD VROXomR JUiILFD TXH GHPRQVWUD R FRPSRUWDPHQWR HP YiULRV HVWiJLRV RX GH IRUPD DQLPDGD QXPD UHSUHVHQWDomR
GD UHDOLGDGH  'HVWD IRUPD WDLV IHUUDPHQWDV FRPSXWDFLRQDLV YrP JDQKDQGR PDLV HVSDoR DXPHQWDQGR D SUHFLVmR GRV
PpWRGRVQXPpULFRVHDQDOtWLFRVHYLWDQGRTXHFiOFXORVUHSHWLWLYRVVHMDPUHDOL]DGRV
$SHVDU GD JUDQGH FDSDFLGDGH QD XWLOL]DomR GH IHUUDPHQWDV QXPpULFDV H[LVWHP SRXFDV SHVTXLVDV QD iUHD GH
JHRWHFQLD UHODFLRQDGDV FRP PpWRGRV QXPpULFRV VH FRPSDUDGR FRP RXWUDV iUHDV  8P GRV PRWLYRV HVWi QRV JUDQGHV
LQYHVWLPHQWRVDWXDLVHPRXWUDViUHDVGDHQJHQKDULDDOpPGHSRVVXtUHPVLVWHPDVFRQVWLWXWLYRVPHQRVFRPSOH[RVSDUD
DQiOLVH
%DVHDGRQHVWDVFRQVLGHUDo}HVHVWHHVWXGREXVFDH[SRUDDSOLFDomRGR0pWRGRGH$QiOLVH/LPLWHYLD0pWRGR
GRV (OHPHQWRV )LQLWRV 0()  DWUDYpV GR /,0$*  2 0pWRGR GD $QiOLVH /LPLWH QHFHVVLWD TXH FDPSRV HVWiWLFRV
UHODFLRQDGRV FRP WHQVmR H FLQHPiWLFRV UHODFLRQDGRV FRP YHORFLGDGH GH GHIRUPDomR VHMDP FRQKHFLGRV SDUD TXH
RV WHRUHPDV GR OLPLWH LQIHULRU H VXSHULRU VHMDP DSOLFDGRV REHGHFHQGR D FHUWDV FDUDFWHUtVWLFDV H FRQVLGHUDo}HV FRPR
OHL FRQVWLWXWLYD H OHL GH IOX[R DVVRFLDGR  3RU HVWH PRWLYR D DSOLFDomR GR 0() FDSD] GH REWHU FDPSRV HVWiWLFRV H
FLQHPiWLFRV QHFHVViULRV SDUD D DQiOLVH YHLR D HVWDEHOHFHU XP QRYR FRQFHLWR GH DQiOLVH OLPLWH VHQGR HQWmR FKDPDGD
$QiOLVH/LPLWH1XPpULFD $/1 
$OpPGDXWLOL]DomRGR/,0$*IRUDPXWLOL]DGRVDLQGDR0pWRGRGR(TXLOtEULR/LPLWH 0(/ HR0()DWUDYpV
GHVRIWZDUHVFRPHUFLDLVSDUDHIHLWRGHDYDOLDomRYDOLGDomRHFRPSDUDomRGHUHVXOWDGRV'HVWDIRUPDFRPDX[tOLRGD
DSOLFDomRGHXP)DWRUGH5HGXomR )5 SURFXURXVHREWHUXPDUHODomRHQWUHRVWUrVPpWRGRVDSOLFDGRVYHULILFDQGRVH
RVYDORUHVGR)5DSOLFDGRHPFDGDPHWRGRORJLDHUDPRVPHVPRQDUXSWXUDQRVWUrVPpWRGRV
&DGD XP GRV PpWRGRV DFLPD FLWDGRV XWLOL]D KLSyWHVHV H IRUPXODo}HV GLIHUHQWHV SDUD GHVFUHYHU R FRODSVR GH
XPD HVWUXWXUD JHRWpFQLFD SRUWDQWR WRUQDVH LQWHUHVVDQWH ID]HU XPD DQiOLVH FRPSDUDWLYD GH IRUPD D FRQVHJXLU XPD
SUR[LPLGDGH RX DWp PHVPR XPD FRUUHODomR HQWUH RV UHVXOWDGRV &DGD XPD GHVWDV PHWRGRORJLDV IRL DSOLFDGD SDUD
YHULILFDUDHVWDELOLGDGHGHWUrVWDOXGHVGHVRORKRPRJrQHR
2VUHVXOWDGRVFRQVLVWHQWHVGHPRQVWUDUDPDFDSDFLGDGHGR/,0$*HPUHVROXomRGHSUREOHPDVGHHVWDELOLGDGH
GHWDOXGHVVHFRPSDUDGRjVIHUUDPHQWDVMiFRQVDJUDGDVXWLOL]DGDVHPVRIWZDUHVFRPHUFLDLV*UiILFRVUHODFLRQDQGRR
$QDLVGR,,:RUNVKRSGH&RPSXWDomR&LHQWtILFDGD8(1),,:&&3DSHU:&&

)DWRUGH6HJXUDQoD )6 HR)DWRUGH5HGXomR )5 IRUDPSORWDGRVSDUDHYLGHQFLDUWDOHIHLWRGHFRPSDUDomRDWUDYpVGH
FXUYDVTXHUHODFLRQDP)DWRUGH5HGXomR )5 )DWRUGH&RODSVR )DWRUGH6HJXUDQoD )6 

0HWRGRORJLD$SOLFDGD

2VPHVPRVPRGHORVPDWHPiWLFRVIRUDPXWLOL]DGRVQRVWUrVPpWRGRVSDUDHIHLWRGHFRPSDUDomR2VSDUkPHWURV
GRVRORKRPRJrQHRHGUHQDGRHVWmRDSUHVHQWDGRVQD7DE

7DEHOD3DUkPHWURVGRVROR
3DUkPHWURV 6tPEROR 9DORU
&RHVmR F N1P
QJXORGHDWULWR 
3HVRHVSHFtILFR N1P
G

3DUDDDQiOLVHFRPSDUDWLYDIRUDPFRQVLGHUDGRVDYDULDomRGRkQJXORGHPHUJXOKRGRVWDOXGHV HPR
RHRHDYDULDomRGDSURIXQGLGDGHGHEDVHGRWDOXGH % $YDULiYHO'LQGLFDXPPXOWLSOLFDGRUGHGLPHQVmRGD
SURIXQGLGDGHGDEDVHGRWDOXGHFRPUHODomRjDOWXUDGRWDOXGH + 2VYDORUHVGH'FRQVLGHUDGRVIRUDPHR
TXHVLJQLILFDTXH%WHULDVHXYDORUUHSUHVHQWDGRSHOD(T  

% = '  +  

$)LJGHPRQVWUDXPUHVXPRJUiILFRGRTXHIRLH[SOLFLWDGRDFLPD2YDORUGH+IRLPDQWLGRFRQVWDQWHH
LJXDODP



)LJXUD'HVFULomRGDJHRPHWULDGRPRGHORPDWHPiWLFRXWLOL]DGR

)DWRUGH5HGXomR

&RP D ILQDOLGDGH GH FRUUHODFLRQDU RV UHVXOWDGRV GD DQiOLVH WHQVmRGHIRUPDomR FRP R IDWRU GH FRODSVR 
HR)DWRUGH6HJXUDQoD)6IRLLQVHULGRRFRQFHLWRGH)DWRUGH5HGXomR )5 (VWHIDWRUWHPDIXQomRGHUHGX]LURV
F
SDUkPHWURVGHUHVLVWrQFLDFRQVLGHUDGRVSHORFULWpULRGHUXSWXUDGH0RKU&RXORPE HWDQ 
2)5YHPVHQGRFRQFHLWXDGR 'DZVRQHWDO FRPRXPIDWRUGHUHGXomRGDUHVLVWrQFLDFLVDOKDQWH 6KHDU
6WUHQJWK 5HGXFWLRQ  UHODFLRQDGR GH IRUPD LQYHUVD FRP R )DWRU GH 6HJXUDQoD DSOLFDGR SRU H[HPSOR QD HTXDomR GH
0RKU&RXORPEUHGX]LQGRDVVLPRVSDUkPHWURVGHUHVLVWrQFLDFRPRPRVWUDGRQD(T  DWpTXHVHMDREWLGRRPHQRU
)6RTXDOGDUiFRPRUHIHUrQFLDRPDLRU)5

F R WDQ R
= +
)5 )5 )5  

F
1DSULPHLUDVLWXDomRpDGRWDGR)5 RTXDOVLJQLILFDTXHRWDOXGHHVWiFRPSDUkPHWURVRULJLQDLV R
R
1DVVLPXODo}HVVHJXLQWHVRYDORUGHp)5!HQWmRRWDOXGHSRVVXLRXWURVSDUkPHWURVGHUHVLVWrQFLDF HWDQ 
EDVHDGRVQDVIRUPXODo}HVGDV(T  H  PRVWUDGDVDEDL[R

$QDLVGR,,:RUNVKRSGH&RPSXWDomR&LHQWtILFDGD8(1),,:&&3DSHU:&&


FR
F =
)5   

WDQ R
WDQ =
)5   

0pWRGRGRV(OHPHQWRV)LQLWRV 3/$;,6

23/$;,6pXPVRIWZDUHGHHOHPHQWRVILQLWRVHVSHFtILFRSDUDJHRWHFQLDTXHXWLOL]DHOHPHQWRVWULDQJXODUHVGH
RXQyV$VDQiOLVHVUHDOL]DGDVQR3/$;,6IRUDPXWLOL]DGDVRFULWpULRGHUXSWXUDGH0RKU&RXORPEFRQVLGHUDQGR
HOHPHQWRVWULDQJXODUHVGHQyVHFRPSRUWDPHQWRHOiVWLFRSHUIHLWDPHQWHSOiVWLFR
%DVHDGR QHVWDV FRQVLGHUDo}HV IRL PRGHODGR XP WDOXGH SDGUmR  2 FRQFHLWR GR )5 HVWi LQVHULGR QXPD GDV
DQiOLVHVUHDOL]DGDVQR3/$;,6RTXDOJHUDUHVXOWDGRVGR)6DWpDUXSWXUDFRQVLGHUDQGRDSHQDVYDORUHVPDLRUHVTXH
SDUDHVWH~OWLPR

$QiOLVH/LPLWH1XPpULFD /,0$*

2 /,0$* 'XUDQG   p XP VRIWZDUH SURFHVVDGRU GH DQiOLVH JHRWpFQLFD EDVHDGD HP $QiOLVH /LPLWH YLD
0()XWLOL]DQGRXPDIRUPXODomRPLVWDGRVWHRUHPDVGDDQiOLVHOLPLWH$$/1HPSUHJDGDQRVRIWZDUHWRUQDRPHVPR
DSURSULDGR SDUD DQiOLVH GH SUREOHPDV GH HVWDELOLGDGH EDVHDGR QD WHRULD GD SODVWLFLGDGH GHQRWDQGR VHXV UHVXOWDGRV
DWUDYpVGHXP)DWRUGH&RODSVR 
2SURJUDPDXWLOL]DXPPRGHORPDWHPiWLFRGLVFUHWL]DGRFRPQXPDPDOKDGHHOHPHQWRVILQLWRVTXDGUDGRVGH
TXDWURQyV )LJ FULDGDDWUDYpVGRSUpSURFHVVDGRU0722/ 7HFJUDI38&5LR HYLVXDOL]DomRGRVUHVXOWDGRV
DWUDYpVGRSyVSURFHVVDGRU09,(: 7HFJUDI38&5LR 
3DUDDUHODomRGR FRPR)5RVSDUkPHWURVGHUHVLVWrQFLDGRVRORIRUDPUHGX]LGRVSHOR)5HGHWHUPLQDGR
XP QRYR  GR VLVWHPD FRPR UHDOL]DGR QD PHWRGRORJLD DSOLFDGD QR 0()  3DUD FDGD YDORU GR )5   VmR
GHWHUPLQDGRVSHOR/,0$*YDORUHVGH TXDQGRRYDORUGH FRUUHVSRQGHDR)5TXHSURGX]SDUkPHWURVGR
VRORF H QDLPLQrQFLDGHUXSWXUD



)LJXUD0RGHORPDWHPiWLFRGLVFUHWL]DGRSRUXPDPDOKDGHHOHPHQWRVILQLWRVTXDGUDGRVGHTXDWURQyV0722/
/,0$*

(TXLOtEULR/LPLWH *(26/23(

)RLXWLOL]DGRRVRIWZDUHFRPHUFLDO*(26/23(SDUDDQiOLVHHPHTXLOtEULROLPLWH2VRIWZDUHJHUDUHVXOWDGRV
HPDOJXQVGLIHUHQWHVPpWRGRV2SWRXVHSHORPpWRGRGH-DQEXVHPPRWLYRVHVSHFtILFRV
$PHWRGRORJLDXWLOL]DGDFRPR)5IRLDPHVPDGRVRXWURVGRLVPpWRGRV$SOLFDomRGR)5QRVSDUkPHWURVGH
UHVLVWrQFLDGRVRORSDUDTXHSXGHVVHDSUR[LPDUFDGDYH]PDLVGR)6OLPLWHHFRPLVVRSORWDUFXUYDVSDUDDQiOLVHHQWUHRV
PpWRGRV
$QDLVGR,,:RUNVKRSGH&RPSXWDomR&LHQWtILFDGD8(1),,:&&3DSHU:&&


D E F
)LJXUD6XSHUItFLHVGHUXSWXUDUHSUHVHQWDGDSRUFDPSRVGHGHVORFDPHQWRV D 3/$;,6H E /,0$*HIRUPDWR
FLUFXODU F *(26/23(QXPWDOXGHFRP R

5HVXOWDGRVH'LVFXVVmR

$ )LJ  PRVWUD VXSHUItFLHV GH UXSWXUD DOFDQoDGDV HP FDGD XPD GDV WUrV PHWRGRORJLDV XWLOL]DGDV QXP WDOXGH
GH  R VHQGR TXH D )LJ D H[S}H XP FDPSR GH GHVORFDPHQWRV H VXSHUItFLH GH UXSWXUD REWLGD QR 0() D )LJ E
UHSUHVHQWDXPFDPSRGHGHVORFDPHQWRVHVXSHUItFLHGHUXSWXUDYLD$/1HD)LJFUHSUHVHQWDXPDVXSHUItFLHGHUXSWXUD
REWLGDYLD0(/(VWHVUHVXOWDGRVIRUDPREWLGRVQXPHVWDGR~OWLPRGHDQiOLVHHGHPRQVWUDPDSUR[LPLGDGHREWLGDHQWUH
RVPpWRGRV
1RV UHVXOWDGRV TXH VHJXHP FRPR YLVWR DQWHULRUPHQWH QR FDStWXOR GH PHWRGRORJLD R )DWRU GH &RODSVR
 UHSUHVHQWD RV UHVXOWDGRV GR /,0$* R )DWRU GH 6HJXUDQoD )6  UHSUHVHQWD UHVXOWDGRV GR 3/$;,6 H *(26/23(
YLVWRTXHQHVWHWUDEDOKRRVUHVXOWDGRVREWLGRVSHORVGRLV~OWLPRVFLWDGRVGHUDPYDORUHVEHPSUy[LPRV,VWRHYLGHQFLD
D JUDQGH FDSDFLGDGH GH XWLOL]DomR GRV GRLV PpWRGRV HP UHVROXomR GH SUREOHPDV GH HVWDELOLGDGH GH WDOXGHV HP PHLRV
KRPRJrQHRV
2V UHVXOWDGRV REWLGRV FRP XWLOL]DomR GR )5 YDULDomR GH  H YDULDomR GH ' VmR GHPRQVWUDGRV HP JUiILFRV
QDV )LJ   H   1R FDVR GR  RV YDORUHV UHSUHVHQWDP XPD TXDQWLGDGH QHFHVViULD SDUD D PD[LPL]DomR GD IRUoD
GD JUDYLGDGH DWXDQWH SDUD TXH R VLVWHPD DOFDQFH D UXSWXUD  6HX UHVXOWDGR ILQDO DOFDQoD R PHVPR YDORU GDV RXWUDV
PHWRGRORJLDVPRVWUDQGRTXHSDUDYDORUHVSUy[LPRVGDUXSWXUDR REWLGRpHTXLYDOHQWHDR)61RFDVRGHVLVWHPDV
HVWiYHLVRXVHMD)6!R REWpPYDORUHVPXLWRVXSHULRUHVIXJLQGRGR)6HSRUWDQWRQmRSRGHQGRVHUFRQVLGHUDGR
HPDQiOLVHVTXHEXVFDPHVWDEHOHFHUYDORUHVGR)6PDVSRGHQGRVHUXWLOL]DGRFRPRIRUPDGHUHSUHVHQWDomR2XVHMD
TXDQGRRYDORUGR pPXLWRDOWRVLJQLILFDTXHRVLVWHPDHVWiHVWiYHOHGHSHQGHQGRGDPDJQLWXGHPXLWRORQJHGD
UXSWXUD
&RPUHODomRjSURIXQGLGDGHGDEDVHGRWDOXGHFRPSDUDGDQHVWHWUDEDOKRDWUDYpVGRPXOWLSOLFDGRU'YHULILFRX
VHTXHKiXPDXPHQWRQRIDWRUGHVHJXUDQoDTXDQGRVHDXPHQWDDSURIXQGLGDGHGDEDVHGRWDOXGHRXVHMDHPDQiOLVHV
RQGHpSRVVtYHOFRQWDUFRPXPDSURIXQGLGDGHPDLRUQDEDVHGRWDOXGHPDLVDIDYRUGDVHJXUDQoDHVWHHVWDUi
1RFDVRGDFRPSDUDomRUHODFLRQDGDFRPRVkQJXORVGRWDOXGH RVUHVXOWDGRVSDUDRREWLYHUDPPDLRUHV
)6FRPRHUDGHVHHVSHUDUVHQGRTXHKiSRXFDYDULDomRTXDQGRVmRFRPSDUDGRVRVGHRHR
(P FRPSDUDomR FRP DV RXWUDV PHWRGRORJLDV DV UHODo}HV HQWUH RV UHVXOWDGRV GR )6 H  VmR QmROLQHDUHV
QHFHVVLWDQGRGHDQiOLVHVHPVLVWHPDVPDLVFRPSOH[RVSDUDTXHSRVVDPVHUDYDOLDGRVHPWRGRVRVWLSRVGHDQiOLVHV

$QDLVGR,,:RUNVKRSGH&RPSXWDomR&LHQWtILFDGD8(1),,:&&3DSHU:&&



)LJXUD(IHLWRGRIDWRUGHUHGXomRVREUHRVSDUkPHWURVGHUHVLVWrQFLDQXPWDOXGHGHR



)LJXUD(IHLWRGRIDWRUGHUHGXomRVREUHRVSDUkPHWURVGHUHVLVWrQFLDQXPWDOXGHGHR
$QDLVGR,,:RUNVKRSGH&RPSXWDomR&LHQWtILFDGD8(1),,:&&3DSHU:&&




)LJXUD(IHLWRGRIDWRUGHUHGXomRVREUHRVSDUkPHWURVGHUHVLVWrQFLDQXPWDOXGHGHR


L 
 
 
 
&RQFOXVmR

3RGHVH FRQFOXLU EDVHDGR HP RXWURV HVWXGRV  GH GHIRUPDomR SODQD <X HW DO   TXH R PpWRGR GH
FRPSDUDomRGDVGLVWLQWDVPHWRGRORJLDV 0()$/1H0(/ TXHIRLXWLOL]DGRQHVWHWUDEDOKRQRHVWDGRGHLPLQrQFLDGH
UXSWXUDGRWDOXGHSRUPHLRGR)5PRVWURXGHIRUPDPDLVFODUDRFRPSRUWDPHQWRGR)DWRUGH&RODSVR 
'HVWD IRUPD RV UHVXOWDGRV GHPRQVWUDP D JUDQGH FDSDFLGDGH GH UHVROXomR GH SUREOHPDV GH HVWDELOLGDGH GH
WDOXGHV QR /,0$* DWUDYpV GH VXD IRUPXODomR PLVWD FRP UHVXOWDGRV PXLWR FRQVLVWHQWHV DOFDQoDGRV QD LPLQrQFLD GH
UXSWXUD
)LFRX HYLGHQFLDGR TXH D SURIXQGLGDGH GD EDVH GH WDOXGH WHP UHOHYkQFLD HP DQiOLVHV HVWDQGR UHODFLRQDGR
FRP D HVWDELOLGDGH TXDQWR PDLRU D SURIXQGLGDGH GH EDVH  1R FDVR GD YDULDomR GR kQJXOR GH LQFOLQDomR GRV WDOXGHV
S{GHVHFKHJDUXPUHVXOWDGRMiHVSHUDGRRQGHRVPDLRUHVYDORUHVSDUDR)6DVVLPFRPRSDUDR IRUDPREWLGRV
FRP RHTXDQGRFRPSDUDGRVRVUHVXOWDGRVSDUDGHRHRKiSRXFDYDULDomRQRVYDORUHVREWLGRVQDVWUrV
PHWRGRORJLDVDERUGDGDV
3RU PHLR GH FXUYDV DSUHVHQWDGDV QRV JUiILFRV SRGH VHU YHULILFDGD TXH DV UHODo}HV )5 H )6)5 VH
PRVWUDUDP QmROLQHDUHV $V WUrV PHWRGRORJLDV XWLOL]DGDV PRVWUDPVH HILFLHQWHV QD DQiOLVH GH HVWDELOLGDGH GH WDOXGHV
KRPRJrQHRV VHQGR QHFHVViULR D UHDOL]DomR GH QRYRV HVWXGRV HQYROYHQGR WDOXGHV KHWHURJrQHRV GLYHUVRV DWUDYpV GH
DQiOLVHVPDLVULJRURVDVSDUDHQFRQWUDUXPDPDLRUUHSUHVHQWDWLYLGDGHGR)5



5HIHUrQFLDV

'DZVRQ(05RWK:+ 'UHVFKHU$6ORSHVWDELOLW\DQDO\VLVE\VWUHQJWKUHGXFWLRQ*HRWHFKQLTXHYRO
$QDLVGR,,:RUNVKRSGH&RPSXWDomR&LHQWtILFDGD8(1),,:&&3DSHU:&&

QRSS

'XUDQG $ )  $SOLFDomR GD DQiOLVH OLPLWH D SUREOHPDV JHRWpFQLFRV PRGHODGRV FRPR PHLRV FRQWtQXRV
FRQYHQFLRQDLVHPHLRVGHFRVVHUDW7HVH 'RXWRUDGR 'HSDUWDPHQWRGH(QJHQKDULD&LYLO38&5-

7HF*UDI  0722/  0722/  %LGLPHQVLRQDO 0HVK 7RRO 9HUVmR    0DQXDO GR 8VXiULR *UXSR GH
7HFQRORJLDHP&RPSXWDomR*UiILFD7HF*UDI38&5LR

7HF*UDI  09,(:  0722/  %LGLPHQVLRQDO 0HVK 9LHZ 9HUVmR    0DQXDO GR 8VXiULR *UXSR GH
7HFQRORJLDHP&RPSXWDomR*UiILFD7HF*UDI38&5LR

<X + 6 6DOJDGR 6 6ORDQ 6 : .LP - 0  /LPLW $QDO\VLV YV /LPLW (TXLOLEULXP IRU 6ORSH 6WDELOLW\ 
-RXUQDORI*HRWHFKQLFDODQG*HRHQYLURQPHQWDO(QJLQHHULQJYROQRSS

&203$5$7,9( $1$/<6,6 2) 6/23( 67$%,/,7< 86,1* /,0,7 (48,/,%5,80 ),1,7( (/(0(17
0(7+2'$1'180(5,&$//,0,7$1$/<6,6

)HUUHLUD-HDQ&ULVSLP
6WDWH8QLYHUVLW\RI1RUWKHUQ)OXPLQHQVH$Y$OEHUWR/DPHJR&DPSRV5-&(33UpGLRGDV2ILFLQDV
MHDQFULVSLP#JPDLOFRP

)DUIDQ$OGR'XUDQG
6WDWH8QLYHUVLW\RI1RUWKHUQ)OXPLQHQVH$Y$OEHUWR/DPHJR&DPSRV5-&(33UpGLRGDV2ILFLQDV
DOGR#XHQIEU

$EVWUDFW7KHDLPRIWKLVZRUNLVWKHDQDO\VLVRIVORSHVWDELOLW\LQKRPRJHQHRXVVRLOVXVLQJQXPHULFDODQGDQDO\WLFDO
PHWKRGV7KHQXPHULFDOPHWKRGVUHODWHWRWKHILQLWHHOHPHQWVPHWKRG 3/$;,6 DQGQXPHULFDOOLPLWDQDO\VLV /,0$* 
DQG IRU WKH DQDO\WLFDO PHWKRG WKH OLPLW HTXLOLEULXP WHFKQLTXH LV XVHG FRQVLGHULQJ WKH PHWKRG RI WKH VOLFHV RI -DQEX
*(26/23( 7KHUHVXOWVJRWWHQLQHDFKPHWKRGDUHFRUUHODWHGEHWZHHQLWVHOIWKURXJKWKHUHGXFWLRQ)DFWRU 5) 

.H\ZRUGV6ORSH6WDELOLW\)LQLWH(OHPHQW0HWKRG )(0 1XPHULFDO/LPLW$QDO\VLV 1/$ /LPLW(TXLOLEULXP0HWKRG /(0 


Você também pode gostar