КАФЕДРАЛЬНЫЙ

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɦɟɠɦɭɧɢɰɢɩɚɥɶɧɵɯ ɨɮɢɰɢɚɥɶɧɵɯ ɮɢɡɤɭɥɶɬɭɪɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ ɢ ɫɩɨɪɬɢɜɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ

± ɨɛɟɫɩɟɱɟɧɢɟ ɭɫɥɨɜɢɣ ɞɥɹ ɪɟɚɥɢɡɚɰɢɢ ɤɨɦɩɥɟɤɫɚ ȽɌɈ ɜ ɫɨɨɬɜɟɬɫɬɜɢɢ ɫ ɧɚɫɬɨɹɳɢɦ Ɏɟɞɟɪɚɥɶɧɵɦ ɡɚɤɨɧɨɦ

± ɨɛɟɫɩɟɱɟɧɢɟ ɞɟɹɬɟɥɶɧɨɫɬɢ ɪɟɝɢɨɧɚɥɶɧɵɯ ɰɟɧɬɪɨɜ ɫɩɨɪɬɢɜɧɨɣ ɩɨɞɝɨɬɨɜɤɢ

± ɦɚɬɟɪɢɚɥɶɧɨ ɬɟɯɧɢɱɟɫɤɨɟ ɨɛɟɫɩɟɱɟɧɢɟ ɜ ɬɨɦ ɱɢɫɥɟ ɨɛɟɫɩɟɱɟɧɢɟ ɫɩɨɪɬɢɜɧɨɣ ɷɤɢɩɢɪɨɜɤɨɣ ɮɢɧɚɧɫɨɜɨɟ ɧɚɭɱɧɨ ɦɟɬɨɞɢɱɟɫɤɨɟ ɦɟɞɢɤɨ ɛɢɨɥɨɝɢɱɟɫɤɨɟ ɦɟɞɢɰɢɧɫɤɨɟ ɢ ɚɧɬɢɞɨɩɢɧɝɨɜɨɟ ɨɛɟɫɩɟɱɟɧɢɟ ɫɩɨɪɬɢɜɧɵɯ ɫɛɨɪɧɵɯ ɤɨɦɚɧɞ ɫɭɛɴɟɤɬɨɜ Ɋɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢ ɜ ɬɨɦ ɱɢɫɥɟ ɨɛɟɫɩɟɱɟɧɢɟ ɢɯ ɩɨɞɝɨɬɨɜɤɢ ɤ ɦɟɠɪɟɝɢɨɧɚɥɶɧɵɦ ɫɩɨɪɬɢɜɧɵɦ ɫɨɪɟɜɧɨɜɚɧɢɹɦ ɜɫɟɪɨɫɫɢɣɫɤɢɦ ɫɩɨɪɬɢɜɧɵɦ ɫɨɪɟɜɧɨɜɚɧɢɹɦ ɢ ɦɟɠɞɭɧɚɪɨɞɧɵɦ ɫɩɨɪɬɢɜɧɵɦ ɫɨɪɟɜɧɨɜɚɧɢɹɦ ɢ ɢɯ ɭɱɚɫɬɢɹ ɜ ɬɚɤɢɯ ɫɩɨɪɬɢɜɧɵɯ ɫɨɪɟɜɧɨɜɚɧɢɹɯ

± ɨɛɟɫɩɟɱɟɧɢɟ ɪɚɡɜɢɬɢɹ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɵ ɢ ɫɩɨɪɬɚ ɢɧɜɚɥɢɞɨɜ ɢ

ɥɢɰ ɫ ɨɝɪɚɧɢɱɟɧɧɵɦɢ ɜɨɡɦɨɠɧɨɫɬɹɦɢ ɡɞɨɪɨɜɶɹ ± ɨɛɟɫɩɟɱɟɧɢɟ ɢɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ ɢ ɩɪɨɝɪɚɦɦ ɜ ɬɨɦ ɱɢɫɥɟ

ɩɪɟɞɭɫɦɨɬɪɟɧɧɵɯ ɧɚɫɬɨɹɳɢɦ Ɏɟɞɟɪɚɥɶɧɵɦ ɡɚɤɨɧɨɦ ɈɪɝɚɧɵɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣɜɥɚɫɬɢɫɭɛɴɟɤɬɨɜɊɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢ

ɡɚ ɫɱɺɬ ɫɪɟɞɫɬɜ ɛɸɞɠɟɬɨɜ ɫɭɛɴɟɤɬɨɜ Ɋɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢ ɜɩɪɚɜɟ ɨɛɟɫɩɟɱɢɜɚɬɶ ɦɟɪɨɩɪɢɹɬɢɹ ɩɨ ɩɨɞɝɨɬɨɜɤɟ ɫɩɨɪɬɢɜɧɵɯ ɫɛɨɪɧɵɯ ɤɨɦɚɧɞ Ɋɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢ ɤ ɦɟɠɞɭɧɚɪɨɞɧɵɦ ɫɩɨɪɬɢɜɧɵɦ ɫɨɪɟɜɧɨɜɚɧɢɹɦ ɢ ɭɱɚɫɬɢɸ ɜ ɬɚɤɢɯ ɫɩɨɪɬɢɜɧɵɯ ɫɨɪɟɜɧɨɜɚɧɢɹɯ ɟɫɥɢ ɜ ɬɚɤɢɯ ɫɩɨɪɬɢɜɧɵɯ ɫɨɪɟɜɧɨɜɚɧɢɹɯ ɭɱɚɫɬɜɭɸɬ ɫɩɨɪɬɫɦɟɧɵ ɷɬɢɯ ɫɭɛɴɟɤɬɨɜ Ɋɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢ ɱɚɫɬɶ ɫɬɚɬɶɢ

ɋɨɝɥɚɫɧɨ ɱɚɫɬɢ ɫɬɚɬɶɢ ɧɚɡɜɚɧɧɨɝɨ Ɏɟɞɟɪɚɥɶɧɨɝɨ ɡɚɤɨɧɚ ɤ ɪɚɫɯɨɞɧɵɦ ɨɛɹɡɚɬɟɥɶɫɬɜɚɦ ɦɭɧɢɰɢɩɚɥɶɧɵɯ ɨɛɪɚɡɨɜɚɧɢɣ ɨɬɧɨɫɹɬɫɹ

± ɨɛɟɫɩɟɱɟɧɢɟ ɭɫɥɨɜɢɣ ɞɥɹ ɪɚɡɜɢɬɢɹ ɧɚ ɬɟɪɪɢɬɨɪɢɹɯ ɦɭɧɢɰɢɩɚɥɶɧɵɯ ɪɚɣɨɧɨɜ ɩɨɫɟɥɟɧɢɣ ɝɨɪɨɞɫɤɢɯ ɨɤɪɭɝɨɜ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɵ ɲɤɨɥɶɧɨɝɨ ɫɩɨɪɬɚ ɢ ɦɚɫɫɨɜɨɝɨ ɫɩɨɪɬɚ

± ɨɪɝɚɧɢɡɚɰɢɹ ɩɪɨɜɟɞɟɧɢɹ ɦɭɧɢɰɢɩɚɥɶɧɵɯ ɨɮɢɰɢɚɥɶɧɵɯ ɮɢɡɤɭɥɶɬɭɪɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ ɢ ɫɩɨɪɬɢɜɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ

± ɨɛɟɫɩɟɱɟɧɢɟ ɭɫɥɨɜɢɣ ɞɥɹ ɪɟɚɥɢɡɚɰɢɢ ɤɨɦɩɥɟɤɫɚ ȽɌɈ ɜ ɫɨɨɬɜɟɬɫɬɜɢɢ ɫ ɧɚɫɬɨɹɳɢɦ Ɏɟɞɟɪɚɥɶɧɵɦ ɡɚɤɨɧɨɦ

± ɨɛɟɫɩɟɱɟɧɢɟ ɢɧɵɯ ɦɟɪ ɞɥɹ ɪɚɡɜɢɬɢɹ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɵ ɲɤɨɥɶɧɨɝɨ ɫɩɨɪɬɚ ɢ ɦɚɫɫɨɜɨɝɨ ɫɩɨɪɬɚ ɜ ɬɨɦ ɱɢɫɥɟ ɩɪɟɞɭɫɦɨɬɪɟɧɧɵɯ ɧɚɫɬɨɹɳɢɦ Ɏɟɞɟɪɚɥɶɧɵɦ ɡɚɤɨɧɨɦ

Ɉɪɝɚɧɵ ɦɟɫɬɧɨɝɨ ɫɚɦɨɭɩɪɚɜɥɟɧɢɹ ɜ ɨɛɥɚɫɬɢ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɵ ɢ ɫɩɨɪɬɚ ɡɚ ɫɱɺɬ ɫɪɟɞɫɬɜ ɦɟɫɬɧɵɯ ɛɸɞɠɟɬɨɜ ɜɩɪɚɜɟ ɨɛɟɫɩɟɱɢɜɚɬɶ ɦɟɪɨɩɪɢɹɬɢɹ ɩɨ ɩɨɞɝɨɬɨɜɤɟ ɫɩɨɪɬɢɜɧɵɯ ɫɛɨɪɧɵɯ ɤɨɦɚɧɞ ɦɭɧɢɰɢɩɚɥɶɧɵɯ ɪɚɣɨɧɨɜ ɢ ɝɨɪɨɞɫɤɢɯ ɨɤɪɭɝɨɜ ɤ ɨɮɢɰɢɚɥɶɧɵɦ ɫɩɨɪɬɢɜɧɵɦ ɫɨɪɟɜɧɨɜɚɧɢɹɦ ɢ

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɭɱɚɫɬɢɸ ɜ ɬɚɤɢɯ ɫɩɨɪɬɢɜɧɵɯ ɫɨɪɟɜɧɨɜɚɧɢɹɯ ɱɚɫɬɶ ɫɬɚɬɶɢ Ɏɢɧɚɧɫɢɪɨɜɚɧɢɟ ɮɢɡɢɱɟɫɤɨɣ ɤɭɥɶɬɭɪɵ ɢ ɫɩɨɪɬɚ ɦɨɠɟɬ ɨɫɭɳɟɫɬɜɥɹɬɶɫɹ ɬɚɤɠɟ ɢɡ ɢɧɵɯ ɧɟ ɡɚɩɪɟɳɺɧɧɵɯ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɨɦ Ɋɨɫɫɢɣɫɤɨɣ Ɏɟɞɟɪɚɰɢɢ ɢɫɬɨɱɧɢɤɨɜ ɱɚɫɬɶ ɫɬɚɬɶɢ

ɉɪɚɜɨɜɨɟ ɨɛɟɫɩɟɱɟɧɢɟ ɢ ɪɟɚɥɢɡɚɰɢɹ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɫɩɨɪɬɚ ɜ ɡɚɪɭɛɟɠɧɵɯ ɝɨɫɭɞɚɪɫɬɜɚɯ

Ⱥɧɚɥɢɡ ɨɩɵɬɚ ɡɚɪɭɛɟɠɧɵɯ ɝɨɫɭɞɚɪɫɬɜ ɜɵɫɜɟɱɢɜɚɟɬ ɦɧɨɝɨɱɢɫɥɟɧɧɵɟ ɩɪɨɛɥɟɦɵ ɫ ɤɨɬɨɪɵɦɢ ɫɬɚɥɤɢɜɚɸɬɫɹ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɩɪɢ ɪɟɲɟɧɢɢ ɜɨɩɪɨɫɨɜ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɫɢɫɬɟɦɵ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɜ ɬɨɦ ɱɢɫɥɟ ɩɪɨɛɥɟɦɵ ɫɬɚɜɹɳɢɟ ɜɨɩɪɨɫ ɜɨɨɛɳɟ ɨ ɰɟɥɟɫɨɨɛɪɚɡɧɨɫɬɢ ɬɚɤɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ

ɇɚɢɛɨɥɟɟ ɧɚɝɥɹɞɧɨ ɞɟɦɨɧɫɬɪɢɪɭɟɬ ɢɫɫɥɟɞɭɟɦɭɸ ɩɪɟɞɦɟɬɧɨ ɨɛɴɟɤɬɧɭɸ ɨɛɥɚɫɬɶ ɨɩɵɬ ɋɒȺ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɨ ɤɨɬɨɪɵɯ ɧɟ ɫɨɞɟɪɠɢɬ ɤɨɧɤɪɟɬɧɵɯ ɝɚɪɚɧɬɢɣ ɢɥɢ ɨɝɪɚɧɢɱɟɧɢɣ ɧɚ ɮɢɧɚɧɫɢɪɨɜɚɧɢɟ ɢɦɟɧɧɨ ɫɢɫɬɟɦɵ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɝɞɟ ɬɚɤɚɹ ɫɢɬɭɚɰɢɹ ɹɜɥɹɟɬɫɹ ɨɱɟɜɢɞɧɨ ɩɪɨɛɥɟɦɧɨɣɢɝɞɟɞɚɧɧɚɹɩɪɨɛɥɟɦɚɫɬɨɢɬɨɫɨɛɟɧɧɨɨɫɬɪɨɚɬɚɤɠɟ ɨɩɵɬ Ɏɪɚɧɰɢɢ ɝɞɟ ɜ ɧɚɫɬɨɹɳɟɟ ɜɪɟɦɹ ɩɪɢɧɢɦɚɸɬɫɹ ɦɟɪɵ ɧɚɩɪɚɜɥɟɧɧɵɟ ɧɚ ɩɪɟɤɪɚɳɟɧɢɟ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɢɡ ɦɭɧɢɰɢɩɚɥɶɧɵɯ ɛɸɞɠɟɬɨɜ

ȿɫɥɢ ɝɨɜɨɪɢɬɶ ɨ ɧɟɫɤɨɥɶɤɨ ɛɨɥɟɟ ɨɛɨɛɳɺɧɧɨɦ ɡɚɪɭɛɟɠɧɨɦ ɨɩɵɬɟ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɫɩɨɪɬɚ ɬɨ Ʉɚɪɟɧ ɉɟɬɪɢ Ⱦɢɪɤ ɋɬɷɣɧɛɷɤ ɢ ɍɨɥɬɟɪ Ɍɨɤɚɪɫɤɢ ɨɬɦɟɱɚɸɬ ɜ ɤɚɱɟɫɬɜɟ ɞɨɫɬɚɬɨɱɧɨ ɜɚɠɧɨɣ ɯɚɪɚɤɬɟɪɢɫɬɢɤɢ ɫɢɫɬɟɦ ɫɩɨɪɬɚ ɝɨɫɭɞɚɪɫɬɜ ɱɥɟɧɨɜ ȿɜɪɨɩɟɣɫɤɨɝɨ ɋɨɸɡɚ ɮɢɧɚɧɫɨɜɭɸ ɩɨɞɞɟɪɠɤɭ ɩɪɟɞɨɫɬɚɜɥɹɟɦɭɸ ɢɡ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɛɸɞɠɟɬɚ ɚ ɬɚɤɠɟ ɢɡ ɪɟɝɢɨɧɚɥɶɧɵɯ ɢɥɢ ɦɟɫɬɧɵɯ ɛɸɞɠɟɬɨɜ ɥɢɛɨ ɢɡ ɢɧɵɯ ɢɫɬɨɱɧɢɤɨɜ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ȼ ɤɚɠɞɨɦ ɝɨɫɭɞɚɪɫɬɜɟ ɫɨɡɞɚɧɚ ɫɨɛɫɬɜɟɧɧɚɹ ɫɯɟɦɚ ɪɚɫɩɪɟɞɟɥɟɧɢɹ ɫɨɨɬɜɟɬɫɬɜɭɸɳɢɯ ɪɟɫɭɪɫɨɜ ɱɬɨ ɞɟɦɨɧɫɬɪɢɪɭɟɬ ɫɭɳɟɫɬɜɟɧɧɨɟ ɤɨɥɢɱɟɫɬɜɨ ɫɬɪɭɤɬɭɪɧɵɯ ɪɚɡɥɢɱɢɣ ɢ ɜ ɞɚɧɧɨɦ ɚɫɩɟɤɬɟ ɨɪɝɚɧɢɡɚɰɢɢ ɫɩɨɪɬɚ ɜ ɟɜɪɨɩɟɣɫɤɢɯɫɬɪɚɧɚɯɉɨɫɭɬɢɷɬɨɨɡɧɚɱɚɟɬɱɬɨɜɫɬɪɚɧɚɯȿɜɪɨɩɟɣɫɤɨɝɨ ɋɨɸɡɚ ɫɩɨɪɬ ɨɬɱɚɫɬɢ ɮɢɧɚɧɫɢɪɭɟɬɫɹ ɝɨɫɭɞɚɪɫɬɜɨɦ

ȼ ɛɨɥɶɲɢɧɫɬɜɟ ɫɬɪɚɧ ɝɞɟ ɞɟɣɫɬɜɭɟɬ ɩɪɨɮɢɥɶɧɨɟ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɨ ɨ ɫɩɨɪɬɟ ɜ ɫɨɨɬɜɟɬɫɬɜɭɸɳɢɟ ɧɨɪɦɚɬɢɜɧɨ ɩɪɚɜɨɜɵɟ ɚɤɬɵ ɭɠɟ ɢɧɬɟɝɪɢɪɨɜɚɧɵ ɩɨɥɨɠɟɧɢɹ ɫɜɹɡɚɧɧɵɟ ɫ ɮɢɧɚɧɫɢɪɨɜɚɧɢɟɦ ɫɩɨɪɬɚ ɝɨɫɭɞɚɪɫɬɜɨɦ ɧɚɩɪɢɦɟɪ ɜ Ɏɢɧɥɹɧɞɢɢ ɢ ɉɨɪɬɭɝɚɥɢɢ ɉɪɢ ɷɬɨɦ ɜɪɚɡɧɵɯ ɫɬɪɚɧɚɯ ɢɦɟɸɬ ɦɟɫɬɨ ɪɚɡɧɵɟ ɩɨɞɯɨɞɵ ɤ ɮɢɧɚɧɫɢɪɨɜɚɧɢɸ ɫɩɨɪɬɢɜɧɨɣ

Petry K., Steinbach D., Tokarski W6SRUW V\VWHPV LQ WKH FRXQWULHV RI WKH (XURSHDQ 8QLRQ VLPLODULWLHV DQG GLIIHUHQFHV >ɋɩɨɪɬɢɜɧɵɟ ɫɢɫɬɟɦɵ ɜ ɫɬɪɚɧɚɯ ȿɜɪɨɩɟɣɫɤɨɝɨ ɋɨɸɡɚ ɫɯɨɞɫɬɜɚ ɢ ɪɚɡɥɢɱɢɹ@ (XURSHDQ -RXUQDO IRU 6SRUW DQG 6RFLHW\ ± ± 9RO ± ʋ ± 3 ± ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɞɟɹɬɟɥɶɧɨɫɬɢ ɪɚɫɩɪɟɞɟɥɟɧɢɸ ɢ ɢɫɩɨɥɶɡɨɜɚɧɢɸ ɫɪɟɞɫɬɜ ɜ ɰɟɥɹɯ ɩɨɞɞɟɪɠɤɢ ɫɩɨɪɬɚ

Ʉɚɤ ɨɬɦɟɱɚɸɬ Ʉɚɪɟɧ ɉɟɬɪɢ Ⱦɢɪɤ ɋɬɷɣɧɛɷɤ ɢ ɍɨɥɬɟɪ Ɍɨɤɚɪɫɤɢ ɫɪɚɜɧɟɧɢɟ ɩɪɨɩɨɪɰɢɨɧɚɥɶɧɵɯ ɞɨɥɟɣ ɩɨɞɞɟɪɠɤɢ ɧɚɰɢɨɧɚɥɶɧɨɝɨ ɢ ɦɟɫɬɧɨɝɨ ɫɩɨɪɬɚ ɩɨɤɚɡɵɜɚɟɬ ɱɬɨ ɜ ɛɨɥɶɲɢɧɫɬɜɟ ɫɥɭɱɚɟɜ ɜ ɬɨɦ ɱɢɫɥɟ ɜ Ⱦɚɧɢɢ Ƚɟɪɦɚɧɢɢ ɂɬɚɥɢɢ ɢ ɒɜɟɰɢɢ ɛɨɥɶɲɚɹғ ɱɚɫɬɶ ɧɚɝɪɭɡɤɢ ɨɮɢɰɢɚɥɶɧɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɫɩɨɪɬɚ ɥɟɠɢɬ ɧɚ ɨɪɝɚɧɚɯ ɦɟɫɬɧɨɝɨ ɫɚɦɨɭɩɪɚɜɥɟɧɢɹ ɉɪɢ ɷɬɨɦ ɛɨɥɶɲɚɹ ɱɚɫɬɶ ɫɨɨɬɜɟɬɫɬɜɭɸɳɢɯ ɫɪɟɞɫɬɜ ɢɫɩɨɥɶɡɭɟɬɫɹ ɡɚɱɚɫɬɭɸ ɞɥɹ ɨɫɭɳɟɫɬɜɥɟɧɢɹ ɢɧɜɟɫɬɢɪɨɜɚɧɢɹ ɜ ɫɬɪɨɢɬɟɥɶɫɬɜɨ ɢ ɩɨɞɞɟɪɠɚɧɢɟ ɫɩɨɪɬɢɜɧɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɵ

ɉɨɦɢɦɨ ɩɪɹɦɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɧɚɰɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɫɩɨɪɬɢɜɧɵɟ ɨɪɝɚɧɢɡɚɰɢɢ ɜ ɪɚɡɥɢɱɧɵɯ ɟɜɪɨɩɟɣɫɤɢɯ ɝɨɫɭɞɚɪɫɬɜɚɯ ɬɚɤɠɟ ɩɨɥɭɱɚɸɬ ɮɢɧɚɧɫɨɜɭɸ ɩɨɞɞɟɪɠɤɭ ɨɬ ɬɚɤ ɧɚɡɵɜɚɟɦɵɯ ɥɨɬɟɪɟɣɧɵɯ ɮɨɧɞɨɜ ɢɥɢ ɫɩɨɪɬɢɜɧɵɯ ɥɨɬɟɪɟɣ ɜɪɨɞɟ ɧɚɰɢɨɧɚɥɶɧɨɝɨ %LQJR /RWWR ɜ ɒɜɟɰɢɢ ɉɪɢ ɷɬɨɦ ɩɨ ɛɨɥɶɲɟɣ ɱɚɫɬɢ ɬɚɤɢɟ ɞɨɯɨɞɵ ɫɨɫɬɚɜɥɹɸɬ ɞɨɜɨɥɶɧɨ ɧɟɛɨɥɶɲɨɣ ɩɪɨɰɟɧɬ ɨɬ ɨɛɳɟɝɨ ɨɛɴɺɦɚ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɫɩɨɪɬɚ

Ɍɚɤɠɟ ɮɢɧɚɧɫɢɪɨɜɚɧɢɟ ɫɩɨɪɬɚ ɜ ȿɜɪɨɩɟ ɨɫɭɳɟɫɬɜɥɹɟɬɫɹ ɢ ɡɚ ɫɱɺɬ

ɧɚɫɟɥɟɧɢɹ ɤɨɬɨɪɨɟ ɡɚɧɢɦɚɟɬɫɹ ɫɩɨɪɬɨɦ ɤɨɬɨɪɨɟ ɩɪɢɜɧɨɫɢɬ ɡɧɚɱɢɬɟɥɶɧɭɸ ɞɨɥɸ ɫɪɟɞɫɬɜ ɜ ɫɩɨɪɬ ɡɚ ɫɱɺɬ ɜɵɩɥɚɬɵ ɱɥɟɧɫɤɢɯ ɜɡɧɨɫɨɜ ɨɫɭɳɟɫɬɜɥɹɹ ɜɨɥɨɧɬɟɪɫɤɭɸ ɞɟɹɬɟɥɶɧɨɫɬɶ ɭɤɚɡɚɧɧɭɸ ɪɚɧɟɟ Ɍɚɤɠɟ ɫɩɨɪɬ ɨɛɟɫɩɟɱɢɜɚɟɬɫɹ ɡɚɫɱɺɬɫɩɨɧɫɨɪɫɤɢɯɫɪɟɞɫɬɜɢɩɪɨɞɚɠɢɩɪɚɜɧɚɬɪɚɧɫɥɹɰɢɸɫɩɨɪɬɢɜɧɵɯ ɦɟɪɨɩɪɢɹɬɢɣ

Ⱥɧɚɥɢɡ ɨɩɵɬɚ ɡɚɪɭɛɟɠɧɵɯ ɝɨɫɭɞɚɪɫɬɜ ɜɵɫɜɟɱɢɜɚɟɬ ɦɧɨɝɨɱɢɫɥɟɧɧɵɟ ɩɪɨɛɥɟɦɵ ɫ ɤɨɬɨɪɵɦɢ ɫɬɚɥɤɢɜɚɸɬɫɹ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɩɪɢ ɪɟɲɟɧɢɢ ɜɨɩɪɨɫɨɜ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɫɢɫɬɟɦɵ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɜ ɬɨɦ ɱɢɫɥɟ ɩɪɨɛɥɟɦɵ ɫɬɚɜɹɳɢɟ ɜɨɩɪɨɫ ɜɨɨɛɳɟ ɨ ɰɟɥɟɫɨɨɛɪɚɡɧɨɫɬɢ ɬɚɤɨɣ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ

Petry K., Steinbach D., Tokarski W6SRUW V\VWHPV LQ WKH FRXQWULHV RI WKH (XURSHDQ 8QLRQ VLPLODULWLHV DQG GLIIHUHQFHV >ɋɩɨɪɬɢɜɧɵɟ ɫɢɫɬɟɦɵ ɜ ɫɬɪɚɧɚɯ ȿɜɪɨɩɟɣɫɤɨɝɨ ɋɨɸɡɚ ɫɯɨɞɫɬɜɚ ɢ ɪɚɡɥɢɱɢɹ@ (XURSHDQ -RXUQDO IRU 6SRUW DQG 6RFLHW\ ± ± 9RO ± ʋ ± 3 ± ± 3

Petry K., Steinbach D., Tokarski W6SRUW V\VWHPV LQ WKH FRXQWULHV RI WKH (XURSHDQ 8QLRQ VLPLODULWLHV DQG GLIIHUHQFHV >ɋɩɨɪɬɢɜɧɵɟ ɫɢɫɬɟɦɵ ɜ ɫɬɪɚɧɚɯ ȿɜɪɨɩɟɣɫɤɨɝɨ ɋɨɸɡɚ ɫɯɨɞɫɬɜɚ ɢ ɪɚɡɥɢɱɢɹ@ (XURSHDQ -RXUQDO IRU 6SRUW DQG 6RFLHW\ ± ± 9RO ± ʋ ± 3 ± ± 3

Petry K., Steinbach D., Tokarski W6SRUW V\VWHPV LQ WKH FRXQWULHV RI WKH (XURSHDQ 8QLRQ VLPLODULWLHV DQG GLIIHUHQFHV >ɋɩɨɪɬɢɜɧɵɟ ɫɢɫɬɟɦɵ ɜ ɫɬɪɚɧɚɯ ȿɜɪɨɩɟɣɫɤɨɝɨ ɋɨɸɡɚ ɫɯɨɞɫɬɜɚ ɢ ɪɚɡɥɢɱɢɹ@ (XURSHDQ -RXUQDO IRU 6SRUW DQG 6RFLHW\ ± ± 9RO ± ʋ ± 3 ± ± 3

Petry K., Steinbach D., Tokarski W6SRUW V\VWHPV LQ WKH FRXQWULHV RI WKH (XURSHDQ 8QLRQ VLPLODULWLHV DQG GLIIHUHQFHV >ɋɩɨɪɬɢɜɧɵɟ ɫɢɫɬɟɦɵ ɜ ɫɬɪɚɧɚɯ ȿɜɪɨɩɟɣɫɤɨɝɨ ɋɨɸɡɚ ɫɯɨɞɫɬɜɚ ɢ ɪɚɡɥɢɱɢɹ@ (XURSHDQ -RXUQDO IRU 6SRUW DQG 6RFLHW\ ± ± 9RO ± ʋ ± 3 ± ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɋɒȺ

ȼ ɋɒȺ ɚ ɪɚɜɧɨ ɜ Ʉɚɧɚɞɟ ɜ ɫɜɨɺ ɜɪɟɦɹ ɜɨɡɧɢɤɥɢ ɞɨɫɬɚɬɨɱɧɨ ɫɟɪɶɺɡɧɵɟ ɫɨɦɧɟɧɢɹ ɜ ɰɟɥɟɫɨɨɛɪɚɡɧɨɫɬɢ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɉɪɟɠɞɟ ɜɫɟɝɨ ɬɚɤɢɟ ɫɨɦɧɟɧɢɹ ɭɫɢɥɢɥ ɪɨɫɬ ɱɢɫɥɚ ɫɩɨɪɬɢɜɧɵɯ ɤɨɦɚɧɞ ɜ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɥɢɝɚɯ ɜ ɱɚɫɬɧɨɫɬɢ ɜ ɩɨɩɵɬɤɟ ɜɨɫɩɨɥɶɡɨɜɚɬɶɫɹ ɜɨɡɦɨɠɧɨɫɬɹɦɢ ɞɥɹ ɭɜɟɥɢɱɟɧɢɹ ɫɨɛɫɬɜɟɧɧɵɯ ɞɨɯɨɞɨɜ ɥɢɛɨ ɫ ɰɟɥɶɸ ɩɨɜɵɲɟɧɢɹ ©ɩɪɨɞɚɜɚɟɦɨɫɬɢª ɫɨɨɬɜɟɬɫɬɜɭɸɳɢɯ ɜɢɞɨɜ ɫɩɨɪɬɚ ɇɚɩɪɢɦɟɪ ɇɚɰɢɨɧɚɥɶɧɚɹ ɮɭɬɛɨɥɶɧɚɹ ɥɢɝɚ ɋɒȺ ɇɎɅ ɫ ɞɨ ɝɨɞɚ ɭɜɟɥɢɱɢɥɚ ɤɨɥɢɱɟɫɬɜɨɫɜɨɢɯɮɭɬɛɨɥɶɧɵɯɤɨɦɚɧɞɫ ɞɨ ɚɛɨɥɶɲɟɟɤɨɥɢɱɟɫɬɜɨ ɫɩɨɪɬɢɜɧɵɯ ɤɨɦɚɧɞ ɩɪɟɞɭɫɦɚɬɪɢɜɚɟɬ ɛɨɥɶɲɟɟ ɤɨɥɢɱɟɫɬɜɨ ɫɩɨɪɬɢɜɧɵɯ ɫɨɨɪɭɠɟɧɢɣɤɨɬɨɪɵɟɧɟɨɛɯɨɞɢɦɨɩɨɫɬɪɨɢɬɶɢɥɢɪɟɤɨɧɫɬɪɭɢɪɨɜɚɬɶ ɜɬɨɦ ɱɢɫɥɟ ɩɨɫɪɟɞɫɬɜɨɦ ɩɪɢɜɥɟɱɟɧɢɹ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɮɢɧɚɧɫɨɜɵɯ ɫɪɟɞɫɬɜ Ʉɪɨɦɟ ɬɨɝɨ ɫɥɨɠɧɨɫɬɢ ɜ ɩɨɥɭɱɟɧɢɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɝɥɚɜɧɵɦ ɨɛɪɚɡɨɦ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜɵɝɨɞɵ ɬɨɝɨ ɢɥɢ ɢɧɨɝɨ ɪɨɞɚ ɨɬ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɛɵɥɢ ɬɚɤɠɟ ɫɜɹɡɚɧɵ ɫ ɱɚɫɬɵɦɢ ɩɟɪɟɟɡɞɚɦɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɨɦɚɧɞ ɢɡ ɨɞɧɨɝɨ ɧɚɫɟɥɺɧɧɨɝɨ ɩɭɧɤɬɚ ɜ ɞɪɭɝɨɣ

ȼ ɯ ɝɨɞɚɯ ɛɨɥɶɲɢɧɫɬɜɨ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɤɨɦɚɧɞ ɜ ɋɒȺ ɨɫɭɳɟɫɬɜɥɹɥɨ ɫɜɨɸ ɢɝɪɨɜɭɸ ɞɟɹɬɟɥɶɧɨɫɬɶ ɜ ɱɚɫɬɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɫɨɨɪɭɠɟɧɢɹɯ ɮɢɧɚɧɫɢɪɭɟɦɵɯ ɢɦɟɧɧɨ ɱɚɫɬɧɵɦ ɫɟɤɬɨɪɨɦ Ɉɞɧɚɤɨ ɜ ɬɟɱɟɧɢɟ ɩɨɫɥɟɞɧɢɯ ± ɥɟɬ ɤɨɦɚɧɞɵ ɫɬɚɥɢ ɢɫɩɨɥɶɡɨɜɚɬɶ ɫɨɨɪɭɠɟɧɢɹ ɫɬɪɨɢɬɟɥɶɫɬɜɨ ɤɨɬɨɪɵɯ ɛɵɥɨ ɫɭɛɫɢɞɢɪɨɜɚɧɨ ɢɥɢ ɩɨɥɧɨɫɬɶɸ ɩɪɨɮɢɧɚɧɫɢɪɨɜɚɧɨ ɡɚ ɫɱɺɬ ɧɚɥɨɝɨɜɵɯ ɩɨɫɬɭɩɥɟɧɢɣ

Ɍɚɤ ɤ ɩɪɢɦɟɪɭ ɢɡ ɞɜɚɞɰɚɬɢ ɫɟɦɢ ɤɪɭɩɧɵɯ ɫɬɚɞɢɨɧɨɜ ɫɬɪɨɢɬɟɥɶɫɬɜɨ ɤɨɬɨɪɵɯ ɛɵɥɨ ɨɫɭɳɟɫɬɜɥɟɧɨ ɜ ɬɟɱɟɧɢɟ ɯ ɝɨɞɨɜ ɞɥɹ ɰɟɥɟɣ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɬɨɥɶɤɨ ɬɪɢ ɛɵɥɢ ɩɨɫɬɪɨɟɧɵ ɧɚ ɱɚɫɬɧɵɟ ɫɪɟɞɫɬɜɚ ɚ ɞɟɫɹɬɶ ɢɡ ɧɢɯ ɛɵɥɢ ɧɚ ɞɟɜɹɧɨɫɬɨ ɩɪɨɰɟɧɬɨɜ ɩɪɨɮɢɧɚɧɫɢɪɨɜɚɧɵ ɢɡ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɫɪɟɞɫɬɜ

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɵɟ ɫɪɟɞɫɬɜɚ ɧɚ ɮɢɧɚɧɫɢɪɨɜɚɧɢɟ ɫɬɪɨɢɬɟɥɶɫɬɜɚ ɫɩɨɪɬɢɜɧɨɣɢɧɮɪɚɫɬɪɭɤɬɭɪɵɋɒȺɢɞɭɬɤɚɤɢɡɛɸɞɠɟɬɨɜɲɬɚɬɨɜɬɚɤ ɢɢɡ

Murray D. 5HIOHFWLRQV RQ 3XEOLF )XQGLQJ IRU 3URIHVVLRQDO 6SRUWV )DFLOLWLHV >Ɋɚɡɦɵɲɥɟɧɢɹ ɨ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɦ ɮɢɧɚɧɫɢɪɨɜɚɧɢɢ ɨɛɴɟɤɬɨɜ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ@ -RXUQDO RI WKH 3KLORVRSK\ RI 6SRUW ± ± ʋ ± 3 ± ± 3 KWWS ZZZ KXPDQNLQHWLFV FRP DFXFXVWRP VLWHQDPH 'RFXPHQWV 'RFXPHQW,WHP SGI!

Groothuis P.A., Johnson B.K., Whitehead J.C. 3XEOLF )XQGLQJ RI 3URIHVVLRQDO 6SRUWV 6WDGLXPV 3XEOLF &KRLFH RU &LYLF 3ULGH" (DVWHUQ (FRQRPLF-RXUQDO ± )DOO ± 9RO ± ʋ ± 3 ± ± 3 KWWS OLEUHV XQFJ HGX LU DVX I JURRWKXLVBSHWHUB BSXEOLFBIXQGLQJ SGI!

Jensen S.A)LQDQFLQJ 3URIHVVLRQDO 6SRUWV )DFLOLWLHV ZLWK )HGHUDO 7D[ 6XEVLGLHV ,V LW 6RXQG 7D[ 3ROLF\" 0DUTXHWWH 6SRUWV /DZ 5HYLHZ ± 6SULQJ ± 9RO ± ʋ ± 3 ± ± 3 KWWS VFKRODUVKLS ODZ PDUTXHWWH HGX FJL YLHZFRQWHQW FJL"DUWLFOH FRQWH[W VSRUWVODZ!

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɦɟɫɬɧɵɯ ɛɸɞɠɟɬɨɜ ɬɨ ɟɫɬɶ ɡɚ ɫɱɺɬ ɫɪɟɞɫɬɜ ɩɪɟɞɨɫɬɚɜɥɹɟɦɵɯ ɧɚɥɨɝɨɩɥɚɬɟɥɶɳɢɤɚɦɢ

ȼɨɨɛɳɟ ɜ ɋɒȺ ɧɟɪɟɞɤɨ ɢɦɟɟɬ ɦɟɫɬɨ ɫɢɬɭɚɰɢɹ ɤɨɝɞɚ ɦɟɫɬɧɵɟ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɨɛɪɚɳɚɸɬɫɹ ɤ ɧɚɥɨɝɨɩɥɚɬɟɥɶɳɢɤɚɦ ɞɥɹ ɨɛɟɫɩɟɱɟɧɢɹ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɧɨɜɵɯ ɛɨɥɟɟ ɞɨɪɨɝɢɯ ɫɩɨɪɬɢɜɧɵɯ ɫɨɨɪɭɠɟɧɢɣ ɱɟɦ ɫɭɳɟɫɬɜɭɸɳɢɟ ɩɪɢɱɺɦ ɬɚɤɚɹ ɫɢɬɭɚɰɢɹ ɫɨɯɪɚɧɹɥɚɫɶ ɞɚɠɟ ɧɚ ɩɪɨɬɹɠɟɧɢɢ ɩɟɪɢɨɞɚ ȼɟɥɢɤɨɣ ɪɟɰɟɫɫɢɢ ɝɨɞɚ ɢ ɜɨɫɫɬɚɧɨɜɥɟɧɢɹ ɷɤɨɧɨɦɢɤɢ ɧɟɫɦɨɬɪɹ ɧɚ ɧɟɛɥɚɝɨɩɪɢɹɬɧɭɸ ɫɢɬɭɚɰɢɸ ɫ ɛɸɞɠɟɬɚɦɢ ɞɨɜɨɥɶɧɨ ɦɧɨɝɢɯ ɲɬɚɬɨɜ ȼɥɚɞɟɥɶɰɵ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɨɦɚɧɞ ɩɪɢ ɩɨɞɞɟɪɠɤɟ ɦɟɫɬɧɵɯ ɨɪɝɚɧɨɜ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɢ ɨɪɝɚɧɨɜ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɲɬɚɬɨɜ ɫɬɪɟɦɹɬɫɹ ɭɛɟɞɢɬɶ ɧɚɥɨɝɨɩɥɚɬɟɥɶɳɢɤɨɜ ɮɢɧɚɧɫɢɪɨɜɚɬɶ ɬɚɤɢɟ ɢɧɮɪɚɫɬɪɭɤɬɭɪɧɵɟ ɩɪɨɟɤɬɵ ɨɛɟɳɚɹ ɪɨɫɬ ɷɤɨɧɨɦɢɱɟɫɤɨɣ ɞɟɹɬɟɥɶɧɨɫɬɢ ɜ ɫɜɹɡɢɫɷɬɢɦɢɭɜɟɥɢɱɟɧɢɟɤɨɥɢɱɟɫɬɜɚɪɚɛɨɱɢɯɦɟɫɬɨɞɧɚɤɨɧɚ ɩɪɚɤɬɢɤɟ ɬɚɤɢɟ ɩɪɨɝɧɨɡɵ ɫɛɵɜɚɸɬɫɹ ɞɚɥɟɤɨ ɧɟ ɜɫɟɝɞɚ ɩɨɫɤɨɥɶɤɭ ɡɚɱɚɫɬɭɸ ɜɵɫɨɤɢɟ ɡɚɬɪɚɬɵ ɧɚ ɞɨɪɨɝɢɟ ɫɬɚɞɢɨɧɵ ɜ ɩɨɫɥɟɞɭɸɳɟɦ ɧɟ ɨɤɭɩɚɸɬɫɹ ɭ ɦɟɫɬɧɵɯ ɛɸɞɠɟɬɨɜ ɨɫɬɚɸɬɫɹ ɡɧɚɱɢɬɟɥɶɧɵɟ ɞɨɥɝɢ ɚ ɜɥɚɞɟɥɶɰɵ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɨɦɚɧɞ ɧɚɱɢɧɚɸɬ ɧɚɫɬɚɢɜɚɬɶ ɧɚ ɞɚɥɶɧɟɣɲɟɦ ɪɚɡɜɢɬɢɢ ɫɨɨɬɜɟɬɫɬɜɭɸɳɟɣ ɫɩɨɪɬɢɜɧɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɵ ©ɲɚɧɬɚɠɢɪɭɹª ɩɟɪɟɦɟɳɟɧɢɟɦ ɬɚɤɢɯ ɤɨɦɚɧɞ ɜ ɩɪɨɬɢɜɧɨɦ ɫɥɭɱɚɟ ɜ ɞɪɭɝɢɟ ɪɟɝɢɨɧɵ

Ɍɚɤ ɧɚɩɪɢɦɟɪ ɜ ɟ ɝɝ ɜ Ȼɚɥɬɢɦɨɪɟ Ʉɥɢɜɥɟɧɞɟ ɑɢɤɚɝɨ ɢ Ⱥɬɥɚɧɬɟ ɛɵɥɢ ɩɨɫɬɪɨɟɧɵ ɧɨɜɵɟ ɫɬɚɞɢɨɧɵ ɞɥɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɨɦɚɧɞ ɢɦɟɧɧɨ ɫ ɰɟɥɶɸ ɩɪɟɞɨɬɜɪɚɳɟɧɢɹ ɢɯ ɩɟɪɟɦɟɳɟɧɢɹ ɢɡ ɭɤɚɡɚɧɧɵɯ ɝɨɪɨɞɨɜ

ȼ ɬɚɤɢɯ ɝɨɪɨɞɚɯ ɋɒȺ ɤɚɤ ɧɚɩɪɢɦɟɪ Ɇɢɧɧɟɚɩɨɥɢɫ Ⱥɬɥɚɧɬɚ ɋɟɧɬ Ʌɭɢɫɫɰɟɥɶɸɧɚɯɨɠɞɟɧɢɹɜɨɡɦɨɠɧɨɫɬɟɣɮɢɧɚɧɫɢɪɨɜɚɧɢɹɫɬɪɨɢɬɟɥɶɫɬɜɚ ɧɨɜɵɯ ɫɩɨɪɬɢɜɧɵɯ ɫɬɚɞɢɨɧɨɜ ɢɥɢ ɫɟɪɶɺɡɧɨɣ ɪɟɤɨɧɫɬɪɭɤɰɢɢ ɢ ɦɨɞɟɪɧɢɡɚɰɢɢ ɫɭɳɟɫɬɜɭɸɳɢɯ ɞɥɹ ɰɟɥɟɣ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜɵɧɭɠɞɟɧɵ ɪɟɡɤɨ ɫɨɤɪɚɳɚɬɶ ɤɨɥɢɱɟɫɬɜɨ ɩɪɟɞɨɫɬɚɜɥɹɟɦɵɯ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɭɫɥɭɝ ɫɨɤɪɚɳɚɬɶ ɨɛɴɺɦɵ ɫɪɟɞɫɬɜ ɜɵɞɟɥɹɟɦɵɯ ɧɚ ɨɛɪɚɡɨɜɚɧɢɟ ɩɪɨɞɚɜɚɬɶ ɦɟɫɬɧɵɟ ɭɱɪɟɠɞɟɧɢɹ ɡɞɪɚɜɨɨɯɪɚɧɟɧɢɹ

Holland J.K. 'HWHUPLQDQWV RI 3XEOLF )XQGLQJ IRU 3URIHVVLRQDO $WKOHWLF 9HQXHV KWWS VFKRODUVKLS FODUHPRQW HGX FJL YLHZFRQWHQW FJL"DUWLFOH FRQWH[W FPFBWKHVHV! ± ± S ± 3

Waldron T. )RXO SOD\ )LYH &LWLHV 7KDW :DQW 7D[SD\HU 0RQH\ 7R )LQDQFH 3UR 6SRUWV 6WDGLXP %RRQGRJJOHV KWWS WKLQNSURJUHVV RUJ HFRQRP\ IRXO SOD\ ILYH FLWLHV WKDW ZDQW WD[SD\HU PRQH\ WR ILQDQFH VWDGLXP ERRQGRJJOHV !

Jensen S.A)LQDQFLQJ 3URIHVVLRQDO 6SRUWV )DFLOLWLHV ZLWK )HGHUDO 7D[ 6XEVLGLHV ,V LW 6RXQG 7D[ 3ROLF\" 0DUTXHWWH 6SRUWV /DZ 5HYLHZ ± 6SULQJ ± 9RO ± ʋ ± 3 ± ± 3 KWWS VFKRODUVKLS ODZ PDUTXHWWH HGX FJL YLHZFRQWHQW FJL"DUWLFOH FRQWH[W VSRUWVODZ!

Waldron T. )RXO SOD\ )LYH &LWLHV 7KDW :DQW 7D[SD\HU 0RQH\ 7R )LQDQFH 3UR 6SRUWV 6WDGLXP %RRQGRJJOHV KWWS WKLQNSURJUHVV RUJ HFRQRP\ IRXO SOD\ ILYH FLWLHV WKDW ZDQW WD[SD\HU PRQH\ WR ILQDQFH VWDGLXP ERRQGRJJOHV !

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ȼ ɞɨɩɨɥɧɟɧɢɟ ɤ ɩɪɹɦɵɦ ɪɚɫɯɨɞɚɦ ɧɚ ɫɬɪɨɢɬɟɥɶɫɬɜɨ ɫɬɚɞɢɨɧɨɜ ɧɚɥɨɝɨɩɥɚɬɟɥɶɳɢɤɢ ɬɚɤɠɟ ɜɵɧɭɠɞɟɧɵ ɮɢɧɚɧɫɢɪɨɜɚɬɶ ɞɪɭɝɢɟ ɢɧɮɪɚɫɬɪɭɤɬɭɪɧɵɟ ɪɚɫɯɨɞɵ ɫɜɹɡɚɧɧɵɟ ɫɨ ɫɩɨɪɬɢɜɧɵɦɢ ɫɨɨɪɭɠɟɧɢɹɦɢ ɬɚɤɢɟ ɤɚɤ ɧɚɩɪɢɦɟɪ ɪɚɫɯɨɞɵ ɢɡ ɡɚ ɢɫɩɨɥɶɡɨɜɚɧɢɹ ɜɨɞɵ ɢ ɷɤɫɩɥɭɚɬɚɰɢɢ ɤɚɧɚɥɢɡɚɰɢɨɧɧɵɯ ɫɢɫɬɟɦ ɤɨɫɜɟɧɧɨ ɱɟɪɟɡ ɧɚɥɨɝɨɜɵɟ ɫɤɢɞɤɢ ɢ ɢɧɵɟ ɧɟɩɪɹɦɵɟ ɫɬɢɦɭɥɵ

Ɉɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɝɨɪɨɞɨɜ ɜ ɋɒȺ ɤɚɤ ɩɪɚɜɢɥɨ ɪɭɤɨɜɨɞɫɬɜɭɸɬɫɹ ɜ ɬɚɤɢɯ ɫɢɬɭɚɰɢɹɯ ɬɟɦ ɫɨɨɛɪɚɠɟɧɢɟɦ ɱɬɨ ɩɪɢɺɦ ɢ ɛɚɡɢɪɨɜɚɧɢɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɨɦɚɧɞ ɜ ɬɚɤɢɯ ɝɨɪɨɞɚɯ ɫɩɨɫɨɛɫɬɜɭɟɬ ɝɪɚɠɞɚɧɫɤɨɣ ɝɨɪɞɨɫɬɢ ɧɚɫɟɥɟɧɢɹ ɢ ɦɨɠɟɬ ɫɩɨɫɨɛɫɬɜɨɜɚɬɶ ɭɜɟɥɢɱɟɧɢɸ ɭɪɨɜɧɹ ɧɚɥɨɝɨɜɵɯ ɩɨɫɬɭɩɥɟɧɢɣ ɜ ɦɟɫɬɧɵɟ ɛɸɞɠɟɬɵ ɜ ɫɜɹɡɢ ɫ ɡɚɤɥɸɱɚɟɦɵɦɢ ɤɨɦɚɧɞɨɣ ɫɞɟɥɤɚɦɢ ɢ ɜɵɩɥɚɬɨɣ ɡɚɪɚɛɨɬɧɵɯ ɩɥɚɬ

Ɉɞɧɚɤɨ ɩɨ ɦɧɟɧɢɸ ɪɹɞɚ ɚɜɬɨɪɨɜ ɬɚɤɨɟ ɩɪɟɞɨɫɬɚɜɥɟɧɢɟ ɧɚɥɨɝɨɜɵɯ ɫɭɛɫɢɞɢɣ ɹɜɥɹɟɬɫɹ ɩɪɨɹɜɥɟɧɢɟɦ ɧɟɪɚɡɭɦɧɨɣ ɧɚɥɨɝɨɜɨɣ ɩɨɥɢɬɢɤɢ ɩɨɫɤɨɥɶɤɭɧɟɤɨɪɪɟɤɬɧɨɨɛɟɫɩɟɱɢɜɚɬɶɜɵɫɨɤɨɞɨɯɨɞɧɭɸɱɚɫɬɧɭɸɢɧɞɭɫɬɪɢɸ ɪɚɡɜɥɟɱɟɧɢɣ ɡɚ ɫɱɺɬ ɫɧɢɠɟɧɢɹ ɪɚɫɯɨɞɨɜ ɧɚ ɪɟɚɥɢɡɚɰɢɸ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɢ ɦɭɧɢɰɢɩɚɥɶɧɵɯɩɪɨɝɪɚɦɦɫɨɰɢɚɥɶɧɨɝɨɨɛɟɫɩɟɱɟɧɢɹɫɬɪɨɢɬɟɥɶɫɬɜɨɲɤɨɥ ɬɸɪɟɦ ɚ ɬɚɤɠɟ ɜɵɩɥɚɬɭ ɧɚɰɢɨɧɚɥɶɧɨɝɨ ɞɨɥɝɚ

ȼ ɋɒȺ ɜ ɩɪɟɰɟɞɟɧɬɧɨɦ ɩɪɚɜɟ ɛɵɥɚ ɜɵɪɚɛɨɬɚɧɚ ɞɨɤɬɪɢɧɚ ©ɨɛɳɟɫɬɜɟɧɧɵɯ ɧɭɠɞª ɤɨɬɨɪɚɹ ɩɪɟɞɩɨɥɚɝɚɟɬ ɱɬɨ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɟ ɞɟɧɟɠɧɵɟ ɫɪɟɞɫɬɜɚ ɜ ɬɨɦ ɱɢɫɥɟ ɩɨɥɭɱɟɧɧɵɟ ɨɬ ɭɩɥɚɬɵ ɧɚɥɨɝɨɜ ɧɟ ɦɨɝɭɬ ɛɵɬɶ ɪɚɫɯɨɞɨɜɚɧɵ ɧɚ ɰɟɥɢ ɨɬɥɢɱɧɵɟ ɨɬ ©ɨɛɳɟɫɬɜɟɧɧɵɯ ɧɭɠɞª ɉɪɢ ɩɪɢɦɟɧɟɧɢɢ ɬɚɤɨɣ ɞɨɤɬɪɢɧɵ ɡɚɩɪɨɫɵ ɧɚ ɩɨɥɭɱɟɧɢɟ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɞɥɹ ɫɬɪɨɢɬɟɥɶɫɬɜɚ ɢɧɮɪɚɫɬɪɭɤɬɭɪɵ ɞɥɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɭɞɨɜɥɟɬɜɨɪɹɥɢɫɶ ɱɪɟɡɜɵɱɚɣɧɨ ɪɟɞɤɨ

ɉɪɨɮɟɫɫɢɨɧɚɥɶɧɵɟ ɫɩɨɪɬɢɜɧɵɟ ɤɨɦɚɧɞɵ ɧɭɠɞɚɸɬɫɹ ɜ ɞɢɧɚɦɢɱɧɨɦ ɪɚɡɜɢɬɢɢ ɫɩɨɪɬɢɜɧɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɵ ɩɨ ɪɹɞɭ ɩɪɢɱɢɧ ɤ ɤɨɬɨɪɵɦ ɜ ɱɚɫɬɧɨɫɬɢ ɨɬɧɨɫɢɬɫɹ ɭɫɬɚɪɟɜɚɧɢɟ ɜ ɬɨɦ ɱɢɫɥɟ ɦɨɪɚɥɶɧɨɟ ɫɭɳɟɫɬɜɭɸɳɢɯ ɫɩɨɪɬɢɜɧɵɯ ɫɨɨɪɭɠɟɧɢɣ ɨɬɫɭɬɫɬɜɢɟ ɢɥɢ ɧɟɞɨɫɬɚɬɨɤ ɜɨɡɦɨɠɧɨɫɬɟɣ ɞɥɹ ɭɜɟɥɢɱɟɧɢɹ ɩɨɫɟɳɚɟɦɨɫɬɢ ɦɚɬɱɟɣ ɜɜɢɞɭ ɨɩɪɟɞɟɥɺɧɧɵɯ ɯɚɪɚɤɬɟɪɢɫɬɢɤ ɫɭɳɟɫɬɜɭɸɳɢɯɫɩɨɪɬɢɜɧɵɯɫɬɚɞɢɨɧɨɜɚɬɚɤɠɟɤɨɧɤɭɪɟɧɰɢɹɄɚɤɩɪɚɜɢɥɨ

Jensen S.A)LQDQFLQJ 3URIHVVLRQDO 6SRUWV )DFLOLWLHV ZLWK )HGHUDO 7D[ 6XEVLGLHV ,V LW 6RXQG 7D[ 3ROLF\" 0DUTXHWWH 6SRUWV /DZ 5HYLHZ ± 6SULQJ ± 9RO ± ʋ ± 3 ± ± 3

KWWSV ZZZ VWORXLVIHG RUJ SXEOLFDWLRQV UHJLRQDO HFRQRPLVW DSULO VKRXOG FLWLHV SD\ IRU

VSRUWV IDFLOLWLHV!

Jensen S.A)LQDQFLQJ 3URIHVVLRQDO 6SRUWV )DFLOLWLHV ZLWK )HGHUDO 7D[ 6XEVLGLHV ,V LW 6RXQG 7D[ 3ROLF\" 0DUTXHWWH 6SRUWV /DZ 5HYLHZ ± 6SULQJ ± 9RO ± ʋ ± 3 ± ± 3 KWWS VFKRODUVKLS ODZ PDUTXHWWH HGX FJL YLHZFRQWHQW FJL"DUWLFOH FRQWH[W VSRUWVODZ!

Jensen S.A)LQDQFLQJ 3URIHVVLRQDO 6SRUWV )DFLOLWLHV ZLWK )HGHUDO 7D[ 6XEVLGLHV ,V LW 6RXQG 7D[ 3ROLF\" 0DUTXHWWH 6SRUWV /DZ 5HYLHZ ± 6SULQJ ± 9RO ± ʋ ± 3 ± ± 3 KWWS VFKRODUVKLS ODZ PDUTXHWWH HGX FJL YLHZFRQWHQW FJL"DUWLFOH FRQWH[W VSRUWVODZ!

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɤɨɝɞɚ ɜɥɚɞɟɥɟɰ ɤɨɦɚɧɞɵ ɩɪɢɯɨɞɢɬ ɤ ɜɵɜɨɞɭ ɨ ɬɨɦ ɱɬɨ ɧɟɨɛɯɨɞɢɦ ɧɨɜɵɣ ɫɬɚɞɢɨɧɨɧɨɛɪɚɳɚɟɬɫɹɤɦɟɫɬɧɵɦɧɚɥɨɝɨɩɥɚɬɟɥɶɳɢɤɚɦɭɬɜɟɪɠɞɚɹɱɬɨ ɛɟɡ ɧɨɜɨɝɨ ɫɩɨɪɬɢɜɧɨɝɨ ɨɛɴɟɤɬɚ ɤɨɦɚɧɞɚ ɧɟ ɫɦɨɠɟɬ ɫɨɯɪɚɧɹɬɶ ɤɨɧɤɭɪɟɧɬɨɫɩɨɫɨɛɧɨɫɬɶ ɫɨɩɪɨɜɨɠɞɚɹ ɷɬɨ ɭɝɪɨɠɚɸɳɢɦ ɡɚɹɜɥɟɧɢɟɦ ɞɥɹ ɫɩɨɪɬɢɜɧɵɯɛɨɥɟɥɶɳɢɤɨɜɢɨɪɝɚɧɨɜɩɭɛɥɢɱɧɨɣɜɥɚɫɬɢɲɬɚɬɨɜɨɬɨɦɱɬɨ ɟɫɥɢ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɟ ɫɪɟɞɫɬɜɚ ɧɟ ɛɭɞɭɬ ɩɪɟɞɨɫɬɚɜɥɟɧɵ ɞɥɹ ɨɛɟɫɩɟɱɟɧɢɹ ɬɚɤɨɝɨ ɫɬɪɨɢɬɟɥɶɫɬɜɚ ɤɨɦɚɧɞɚ ɛɭɞɟɬ ɜɵɧɭɠɞɟɧɚ ɩɟɪɟɟɯɚɬɶ

Ɍɚɤɚɹ ɫɢɬɭɚɰɢɹ ɹɜɥɹɟɬɫɹ ɜɩɪɨɱɟɦ ɞɨɫɬɚɬɨɱɧɨ ɥɨɝɢɱɧɨɣ ɩɨɫɤɨɥɶɤɭ

ɜɥɚɞɟɥɶɰɵ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɨɦɚɧɞ ɢɫɩɨɥɶɡɭɸɬ ɦɟɯɚɧɢɡɦɵ

ɬɪɟɛɨɜɚɧɢɹ ɩɨɥɭɱɟɧɢɹ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɫɜɨɢɯ ɫɬɚɞɢɨɧɨɜ ɜ ɤɚɱɟɫɬɜɟ ɩɪɟɞɜɚɪɢɬɟɥɶɧɨɝɨ ɭɫɥɨɜɢɹ ɞɥɹ ɩɟɪɟɦɟɳɟɧɢɹ ɤɨɦɚɧɞɵ ɜ ɫɨɨɬɜɟɬɫɬɜɭɸɳɢɣ ɝɨɪɨɞ ɢɥɢ ɧɚɨɛɨɪɨɬ ɧɟɩɟɪɟɦɟɳɟɧɢɹ ± ɩɨ ɬɨɣ ɩɪɢɱɢɧɟ ɱɬɨ ɬɚɤɢɟ ɦɟɯɚɧɢɡɦɵ ɫɭɳɟɫɬɜɭɸɬ

ɉɨ ɦɧɟɧɢɸ ɛɵɜɲɟɝɨ ɉɪɟɡɢɞɟɧɬɚ ɋɒȺ Ȼ Ɉɛɚɦɵ ɜɵɩɭɫɤ ɛɟɡɧɚɥɨɝɨɜɵɯ ɨɛɥɢɝɚɰɢɣ ɞɥɹ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɫɨɡɞɚɺɬ ɧɟɞɨɛɪɨɫɨɜɟɫɬɧɵɣ ɪɵɧɨɤ

ɋɬɨɢɬ ɨɬɦɟɬɢɬɶ ɱɬɨ ɧɚ ɡɚɤɨɧɨɞɚɬɟɥɶɧɨɦ ɭɪɨɜɧɟ ɞɚɧɧɵɣ ɜɨɩɪɨɫ ɭɪɟɝɭɥɢɪɨɜɚɧ ɜ ɋɒȺ ɞɨɫɬɚɬɨɱɧɨ ɫɥɚɛɨ ɨɞɧɚɤɨ ɧɚ ɭɪɨɜɧɟ ɲɬɚɬɨɜ ɩɪɟɞɩɪɢɧɢɦɚɸɬɫɹ ɩɨɩɵɬɤɢ ɩɪɢɧɹɬɢɹ ɧɨɪɦɚɬɢɜɧɵɯ ɩɪɚɜɨɜɵɯ ɚɤɬɨɜ ɩɨɡɜɨɥɹɸɳɢɯɮɢɧɚɧɫɢɪɨɜɚɬɶɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣɫɩɨɪɬɤɚɤɧɚɩɪɢɦɟɪɜ ɲɬɚɬɟ Ɇɢɧɧɟɫɨɬɚ

Ɏɪɚɧɰɢɹ

ȼɨ Ɏɪɚɧɰɢɢ ɜ ɧɚɫɬɨɹɳɟɟ ɜɪɟɦɹ ɚɤɬɢɜɧɨ ɨɛɫɭɠɞɚɟɬɫɹ ɜɨɩɪɨɫ ɨ ɪɟɨɪɝɚɧɢɡɚɰɢɢ ɷɤɨɧɨɦɢɱɟɫɤɨɣ ɦɨɞɟɥɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɇɚ ɧɚɫɬɨɹɳɢɣ ɦɨɦɟɧɬ ɤɚɤ ɩɪɚɜɢɥɨ ɫɩɨɪɬɢɜɧɵɟ ɫɨɨɪɭɠɟɧɢɹ ɡɚɞɟɣɫɬɜɨɜɚɧɧɵɟ ɜ ɫɮɟɪɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɩɪɢɧɚɞɥɟɠɚɬ ɨɪɝɚɧɚɦ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɢ ɮɢɧɚɧɫɢɪɭɸɬɫɹ ɬɚɤɨɜɵɦɢ ɤɚɤ ɩɪɚɜɢɥɨ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ Ɉɞɧɚɤɨ ɬɟɤɭɳɟɟ ɪɚɡɜɢɬɢɟ ɢɧɞɭɫɬɪɢɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɩɨɫɬɚɜɢɥɨ ɩɨɞ ɫɨɦɧɟɧɢɟ ɥɟɝɢɬɢɦɧɨɫɬɶ ɢ ɰɟɥɟɫɨɨɛɪɚɡɧɨɫɬɶ ɮɢɧɚɧɫɨɜɨɝɨ ɭɱɚɫɬɢɹ ɦɟɫɬɧɵɯ ɨɪɝɚɧɨɜ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜ ɞɚɧɧɨɣ ɫɮɟɪɟ

Jensen S.A)LQDQFLQJ 3URIHVVLRQDO 6SRUWV )DFLOLWLHV ZLWK )HGHUDO 7D[ 6XEVLGLHV ,V LW 6RXQG 7D[ 3ROLF\" 0DUTXHWWH 6SRUWV /DZ 5HYLHZ ± 6SULQJ ± 9RO ± ʋ ± 3 ± ± 3 KWWS VFKRODUVKLS ODZ PDUTXHWWH HGX FJL YLHZFRQWHQW FJL"DUWLFOH FRQWH[W VSRUWVODZ!

Joyner J. 3XEOLF )LQDQFLQJ RI 3ULYDWH 6SRUWV 6WDGLXPV KWWS ZZZ RXWVLGHWKHEHOWZD\ F RP SXEOLF ILQDQFLQJ RI SULYDWH VSRUWV VWDGLXPV !

Povich E.S. ,V 7KLV WKH (QG RI 7D[SD\HU 6XEVLGL]HG 6SRUWV 6WDGLXPV" KWWS ZZZ JRYHUQLQJ FRP QHZV KHDGOLQHV WKH HQG RI WD[SD\HU VXEVLGL]HG VSRUWV VWDGLXPV KWPO!

KWWSV ZZZ UHYLVRU PQ JRY ELOOV WH[W SKS"QXPEHU +) YHUVLRQ VHVVLRQ OV !Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U

U SGI! ± S ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɋɮɟɪɚ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɫɤɨɪɟɟ ɢɦɟɟɬ ɫɯɨɠɢɟ ɱɟɪɬɵ ɫɨ ɫɮɟɪɨɣ ɪɚɡɜɥɟɱɟɧɢɣ ɢɥɢ ɬɭɪɢɡɦɚ ɢ ɢɦɟɟɬ ɦɚɥɨ ɨɛɳɟɝɨ ɫ ɮɭɧɤɰɢɹɦɢ ɢ ɡɚɞɚɱɚɦɢ ɩɭɛɥɢɱɧɨɝɨ ɫɟɤɬɨɪɚ Ɋɟɲɟɧɢɟ ɩɪɨɛɥɟɦɵ ɦɨɠɟɬ ɡɚɤɥɸɱɚɬɶɫɹ ɜ ɩɨɫɬɟɩɟɧɧɨɦ ɨɫɥɚɛɥɟɧɢɢ ɜɡɚɢɦɨɡɚɜɢɫɢɦɨɫɬɢ ɦɟɠɞɭ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɦɢ ɫɩɨɪɬɢɜɧɵɦɢ ɤɥɭɛɚɦɢ ɢ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɚ ɬɚɤɠɟ ɜ ɫɨɡɞɚɧɢɢ ɧɟɨɛɯɨɞɢɦɵɯ ɭɫɥɨɜɢɣ ɞɥɹ ɪɟɝɭɥɢɪɨɜɚɧɢɹ ɨɬɪɚɫɥɢ ɜ ɤɨɬɨɪɨɣ ɡɚɱɚɫɬɭɸ ɢɦɟɟɬ ɦɟɫɬɨ ɞɢɫɛɚɥɚɧɫ ɩɪɢɛɵɥɟɣ ɫɩɨɪɬɢɜɧɵɯ ɤɥɭɛɨɜ ɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɥɢɝ

ȼɨ Ɏɪɚɧɰɢɢ ɜɡɚɢɦɨɨɬɧɨɲɟɧɢɹ ɦɟɠɞɭ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɢ ɫɭɛɴɟɤɬɚɦɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɜ ɧɚɫɬɨɹɳɟɟ ɜɪɟɦɹ ɤɚɫɚɸɬɫɹ ɝɥɚɜɧɵɦ ɨɛɪɚɡɨɦ ɞɜɭɯ ɨɫɧɨɜɧɵɯ ɚɫɩɟɤɬɨɜ ɩɪɟɞɨɫɬɚɜɥɟɧɢɟ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɫɭɛɴɟɤɬɚɦ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɢ ɩɪɟɞɨɫɬɚɜɥɟɧɢɟ ɜɨɡɦɨɠɧɨɫɬɟɣ ɢɫɩɨɥɶɡɨɜɚɧɢɹ ɫɩɨɪɬɢɜɧɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɵ ɫɭɛɴɟɤɬɚɦɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ȼɨɡɦɨɠɧɨɫɬɢ ɩɪɟɞɨɫɬɚɜɥɟɧɢɹ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɝɨ ɭɩɪɚɜɥɟɧɢɹ ɭɤɚɡɚɧɧɨɣ ɩɨɞɞɟɪɠɤɢ ɛɟɡɭɫɥɨɜɧɨ ɫɬɪɨɝɨ ɪɟɝɥɚɦɟɧɬɢɪɨɜɚɧɵ ɡɚɤɨɧɨɞɚɬɟɥɶɫɬɜɨɦ ɨɞɧɚɤɨ ɫɢɬɭɚɰɢɹ ɫɥɨɠɢɜɲɚɹɫɹ ɧɚ ɩɪɚɤɬɢɤɟ ɹɜɥɹɟɬɫɹ ɝɨɪɚɡɞɨ ɛɨɥɟɟ ɫɥɨɠɧɨɣ ɚ ɢɧɨɝɞɚ ɧɚɯɨɞɢɬɫɹ ɧɚ ɝɪɚɧɢ ɡɚɤɨɧɧɨɫɬɢ

ɉɨɞɞɟɪɠɤɚ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜɨ Ɏɪɚɧɰɢɢ ɢɝɪɚɟɬ ɜɚɠɧɭɸ ɪɨɥɶ ɞɥɹ ɞɟɹɬɟɥɶɧɨɫɬɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɯ ɫɩɨɪɬɢɜɧɵɯ ɤɥɭɛɨɜ ɜ ɱɚɫɬɧɨɫɬɢ ɞɥɹ ɪɟɲɟɧɢɹ ɢɯ ɮɢɧɚɧɫɨɜɵɯ ɩɪɨɛɥɟɦ ɚ ɬɚɤɠɟ ɫɩɨɫɨɛɫɬɜɭɟɬ ɩɪɨɮɟɫɫɢɨɧɚɥɢɡɚɰɢɢ ɫɩɨɪɬɚ ɜ ɰɟɥɨɦ Ɉɞɧɚɤɨ ɫɟɣɱɚɫ ɫ ɷɜɨɥɸɰɢɟɣ ɬɪɚɞɢɰɢɨɧɧɨɣ ɦɨɞɟɥɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɜɨ Ɏɪɚɧɰɢɢ ɩɪɟɞɨɫɬɚɜɥɟɧɢɟ ɬɚɤɨɣ ɩɨɞɞɟɪɠɤɢ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɜɥɚɫɬɢ ɦɨɠɟɬ ɨɤɚɡɵɜɚɬɶɫɹ ɩɨɞ ɞɚɜɥɟɧɢɟɦ ɛɵɬɶ ɧɟɞɨɫɬɚɬɨɱɧɨ ɤɨɪɪɟɤɬɧɨ ɨɮɨɪɦɥɟɧɨ ɸɪɢɞɢɱɟɫɤɢ ɚ ɬɚɤɠɟ ɨɫɭɳɟɫɬɜɥɹɬɶɫɹ ɛɟɫɩɨɪɹɞɨɱɧɨ ɢɡ ɡɚ ɢɡɛɵɬɨɱɧɨɝɨ ɪɚɡɧɨɨɛɪɚɡɢɹ ɦɟɬɨɞɨɜ ɩɪɟɞɨɫɬɚɜɥɟɧɢɹ ɬɚɤɨɣ ɩɨɞɞɟɪɠɤɢ

ȼ ɝɨɞɭ ɜ ɋɟɧɚɬɟ Ɏɪɚɧɰɭɡɫɤɨɣ Ɋɟɫɩɭɛɥɢɤɢ ɛɵɥ ɩɪɟɞɫɬɚɜɥɟɧ ɞɨɤɥɚɞ ©ɉɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣ ɫɩɨɪɬ ɢ ɦɟɫɬɧɵɟ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜɪɟɦɹ ɩɟɪɟɦɟɳɟɧɢɹ"ª ɜ ɤɨɬɨɪɨɦ ɛɵɥɢ ɪɚɫɫɦɨɬɪɟɧɵ ɩɪɢɱɢɧɵ

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɧɟɨɛɯɨɞɢɦɨɫɬɢ ɢɡɦɟɧɟɧɢɹ ɫɥɨɠɢɜɲɟɣɫɹ ɦɨɞɟɥɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɫ ɭɱɺɬɨɦ ɫɢɬɭɚɰɢɢ ɤɚɬɚɫɬɪɨɮɢɱɟɫɤɨɣ ɧɟɯɜɚɬɤɢ ɝɨɫɭɞɚɪɫɬɜɟɧɧɵɯ ɫɪɟɞɫɬɜ ɢ ɬɨɝɨ ɱɬɨ ɫɟɝɨɞɧɹ ɮɚɤɬɢɱɟɫɤɢ ɫɮɨɪɦɢɪɨɜɚɥɚɫɶ ɧɚɫɬɨɹɳɚɹ ɫɩɨɪɬɢɜɧɚɹ ɛɢɡɧɟɫ ɢɧɞɭɫɬɪɢɹ

Ⱦɚɧɧɵɣ ɞɨɤɥɚɞ ɩɪɟɞɫɬɚɜɥɹɟɬ ɫɭɳɟɫɬɜɟɧɧɵɣ ɢɧɬɟɪɟɫ ɞɥɹ ɧɚɫɬɨɹɳɟɝɨ ɢɫɫɥɟɞɨɜɚɧɢɹ ɜɜɢɞɭ ɚɪɬɢɤɭɥɢɪɭɟɦɨɣ ɜ ɧɺɦ ɩɪɨɛɥɟɦɚɬɢɤɢ ɚ ɬɚɤɠɟ ɩɪɟɞɥɚɝɚɟɦɵɯ ɜ ɧɺɦ ɦɟɪ ɩɨ ɪɟɲɟɧɢɸ ɬɚɤɢɯ ɩɪɨɛɥɟɦ

ɉɪɟɞɥɨɠɟɧɢɹ ɞɚɧɧɨɝɨ ɞɨɤɥɚɞɚ ɧɚɩɪɚɜɥɟɧɵ ɝɥɚɜɧɵɦ ɨɛɪɚɡɨɦ ɧɚ ɬɨ ɱɬɨɛɵ ɫɦɟɫɬɢɬɶ ɜɟɤɬɨɪ ɩɪɟɞɨɫɬɚɜɥɹɟɦɨɣ ɢɡ ɩɭɛɥɢɱɧɨɝɨ ɛɸɞɠɟɬɚ ɮɢɧɚɧɫɨɜɨɣ ɩɨɦɨɳɢ ɧɚ ɢɧɜɟɫɬɢɪɨɜɚɧɢɟ ɜ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣ ɫɩɨɪɬ ɚ ɧɟ ɧɚ ɨɛɟɫɩɟɱɟɧɢɟ ɟɝɨ ɮɭɧɤɰɢɨɧɢɪɨɜɚɧɢɹ ɤɚɤ ɷɬɨ ɩɪɨɢɫɯɨɞɢɬ ɜ ɧɚɫɬɨɹɳɟɟ ɜɪɟɦɹ Ʉɪɨɦɟ ɬɨɝɨ ɩɪɟɞɥɚɝɚɟɬɫɹ ɫɧɢɡɢɬɶ ɭɪɨɜɟɧɶ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɝɨ ɮɢɧɚɧɫɢɪɨɜɚɧɢɹ ɫɩɨɪɬɢɜɧɵɯ ɫɨɨɪɭɠɟɧɢɣ ɢɫɩɨɥɶɡɭɟɦɵɯ ɜ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɦ ɫɩɨɪɬɟ ɚɤɬɢɜɢɡɢɪɨɜɚɬɶ ɡɚɞɟɣɫɬɜɨɜɚɧɢɟ ɦɟɯɚɧɢɡɦɨɜ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨ ɱɚɫɬɧɨɝɨ ɩɚɪɬɧɺɪɫɬɜɚ ɜ ɨɬɧɨɲɟɧɢɢ ɫɩɨɪɬɢɜɧɵɯ ɫɬɚɞɢɨɧɨɜ ɚɬɚɤɠɟɩɪɟɞɥɚɝɚɟɬɫɹɨɛɟɫɩɟɱɟɧɢɟɧɨɜɵɯɫɯɟɦɪɟɝɭɥɢɪɨɜɚɧɢɹɜɨɛɥɚɫɬɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɨɫɭɳɟɫɬɜɥɟɧɢɹ ɧɟɡɚɜɢɫɢɦɨɝɨ ɤɨɧɬɪɨɥɹ ɧɚɞ ɪɭɤɨɜɨɞɫɬɜɨɦ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɦɢ ɫɩɨɪɬɢɜɧɵɦɢ ɤɥɭɛɚɦɢ ɨɛɟɫɩɟɱɟɧɢɟ ɩɪɨɡɪɚɱɧɨɫɬɢ ɢ ɩɨɞɨɬɱɺɬɧɨɫɬɢ ɩɪɹɦɨɣ ɩɨɦɨɳɢ ɩɪɟɞɨɫɬɚɜɥɹɟɦɨɣ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɦɭ ɫɩɨɪɬɭ

ȼ ɧɚɫɬɨɹɳɟɟ ɜɪɟɦɹ ɮɪɚɧɰɭɡɫɤɢɟ ɦɟɫɬɧɵɟ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɢɫɩɵɬɵɜɚɸɬ ɨɩɪɟɞɟɥɺɧɧɵɟ ɨɛɴɟɤɬɢɜɧɨ ɨɛɭɫɥɨɜɥɟɧɧɵɟ ɬɪɭɞɧɨɫɬɢ ɫ ɩɨɞɞɟɪɠɚɧɢɟɦ ɫɮɟɪɵ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɛɟɡ ɤɚɤɨɝɨ ɥɢɛɨ ɫɭɳɟɫɬɜɟɧɧɨɝɨ ɪɢɫɤɚ ɞɥɹ ɩɭɛɥɢɱɧɵɯ ɮɢɧɚɧɫɨɜ ȼ ɞɨɤɥɚɞɟ ɭɤɚɡɵɜɚɟɬɫɹ ɱɬɨ ɜ ɛɨɥɶɲɢɧɫɬɜɟ ɟɜɪɨɩɟɣɫɤɢɯ ɝɨɫɭɞɚɪɫɬɜ ɩɨɞɨɛɧɚɹ ɫɢɬɭɚɰɢɹ ɧɟ ɢɦɟɟɬ ɦɟɫɬɚ ɚ ɫɩɨɪɬɢɜɧɵɟ ɫɨɨɪɭɠɟɧɢɹ ɢɫɩɨɥɶɡɭɟɦɵɟ ɜ ɨɫɧɨɜɧɨɦ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɦɢ ɫɩɨɪɬɢɜɧɵɦɢ ɤɥɭɛɚɦɢ ɩɪɢɧɚɞɥɟɠɚɬ ɫɚɦɢɦ ɤɥɭɛɚɦ ɚ ɧɟ ɦɟɫɬɧɵɦ ɨɪɝɚɧɚɦ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ

ɋ ɧɚɱɚɥɚ ɯ ɝɨɞɨɜ ɜɨ Ɏɪɚɧɰɢɢ ɨɳɭɬɢɦɨ ɜɨɡɪɨɫ ɭɪɨɜɟɧɶ ɩɨɞɞɟɪɠɤɢ ɫɮɟɪɵ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜ ɨɫɨɛɟɧɧɨɫɬɢ ɫɩɨɪɬɢɜɧɵɯ ɤɥɭɛɨɜ ɩɪɨɮɟɫɫɢɨɧɚɥɢɡɚɰɢɹ ɤɨɬɨɪɵɯ ɩɪɨɢɡɨɲɥɚ ɫɪɚɜɧɢɬɟɥɶɧɨ ɧɟɞɚɜɧɨ ɢ ɤɨɬɨɪɵɟ ɨɛɥɚɞɚɥɢ ɨɝɪɚɧɢɱɟɧɧɵɦɢ ɜɧɟɲɧɢɦɢ ɢɫɬɨɱɧɢɤɚɦɢ ɩɨɫɬɭɩɥɟɧɢɹ ɨɛɟɫɩɟɱɟɧɢɹ

5DSSRUWG¶LQIRUPDWLRQGH06WpSKDQH0D]DUVIDLWDXQRPGHOD0LVVLRQFRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO!

5DSSRUWG¶LQIRUPDWLRQGH06WpSKDQH0D]DUVIDLWDXQRPGHOD0LVVLRQFRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO!

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Ƚɨɫɭɞɚɪɫɬɜɟɧɧɨɟ ɭɩɪɚɜɥɟɧɢɟ ɜ ɫɮɟɪɟ ɫɩɨɪɬɚ ɍɱɟɛɧɢɤ ɞɥɹ ɦɚɝɢɫɬɪɨɜ

ɪɟɫɭɪɫɨɜ Ɍɚɤɨɟ ɭɱɚɫɬɢɟ ɝɨɫɭɞɚɪɫɬɜɚ ɡɚɱɚɫɬɭɸ ɩɨɡɜɨɥɹɥɨ ɤɥɭɛɭ ɧɚɱɚɬɶ ɫɜɨɸ ɞɟɹɬɟɥɶɧɨɫɬɶ ɥɢɛɨ ɩɪɨɜɨɞɢɬɶ ɤɪɭɩɧɵɟ ɫɩɨɪɬɢɜɧɵɟ ɫɨɪɟɜɧɨɜɚɧɢɹ Ɉɞɧɚɤɨ ɩɪɨɛɥɟɦɚ ɩɪɢ ɷɬɨɦ ɡɚɤɥɸɱɚɥɚɫɶ ɜ ɬɨɦ ɱɬɨ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜ ɛɨɥɶɲɢɧɫɬɜɟ ɬɚɤɢɯ ɫɢɬɭɚɰɢɣ ɜɵɫɬɭɩɚɥɢ ɫɤɨɪɟɟ ɜ ɪɨɥɢ ɜɤɥɚɞɱɢɤɨɜ ɛɟɡ ɩɪɚɜɚ ɩɪɢɧɹɬɢɹ ɤɨɧɤɪɟɬɧɵɯ ɪɟɲɟɧɢɣ ɚ ɧɟ ɜ ɤɚɱɟɫɬɜɟ ɩɚɪɬɧɺɪɨɜ

ɉɪɢ ɷɬɨɦ ɧɟɨɛɯɨɞɢɦɨ ɨɬɦɟɬɢɬɶ ɱɬɨ ɨɛɴɺɦɵ ɢ ɭɫɥɨɜɢɹ ɮɢɧɚɧɫɨɜɨɣ ɩɨɞɞɟɪɠɤɢ ɩɪɟɞɨɫɬɚɜɥɹɟɦɨɣ ɦɟɫɬɧɵɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɜɨ Ɏɪɚɧɰɢɢ ɪɚɡɥɢɱɚɸɬɫɹ ɜ ɡɚɜɢɫɢɦɨɫɬɢ ɨɬ ɤɨɧɤɪɟɬɧɵɯ ɜɢɞɨɜ ɫɩɨɪɬɚ ɢ ɫɬɟɩɟɧɢ ɢɯ ɩɪɨɮɟɫɫɢɨɧɚɥɢɡɚɰɢɢ Ɍɚɤ ɱɟɦ ɜɵɲɟ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɣ ɭɪɨɜɟɧɶ ɫɩɨɪɬɢɜɧɨɝɨ ɤɥɭɛɚ ɬɟɦ ɛɨɥɶɲɟ ɨɤɚɡɵɜɚɟɦɨɟ ɢɦ ɮɢɧɚɧɫɨɜɨɟ ɞɚɜɥɟɧɢɟ ɧɚ ɦɟɫɬɧɵɟ ɨɪɝɚɧɵ ɜɥɚɫɬɢ Ȼyɥɶɲɚɹ ɱɚɫɬɶ ɬɚɤɨɣ ɩɨɞɞɟɪɠɤɢ ɫɟɣɱɚɫ ɩɪɟɞɨɫɬɚɜɥɹɟɬɫɹ ɢɦɟɧɧɨ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɵɦ ɮɭɬɛɨɥɶɧɵɦ ɤɥɭɛɚɦ

Ⱥɜɬɨɪɵ ɪɚɫɫɦɚɬɪɢɜɚɟɦɨɝɨ Ⱦɨɤɥɚɞɚ ɬɚɤɠɟ ɪɟɲɢɥɢ ɪɚɫɫɦɨɬɪɟɬɶ ɜɨɩɪɨɫ ɨ ɥɟɝɢɬɢɦɧɨɫɬɢ ɝɨɫɭɞɚɪɫɬɜɟɧɧɨɣ ɩɨɞɞɟɪɠɤɢ ɩɪɨɮɟɫɫɢɨɧɚɥɶɧɨɝɨ ɫɩɨɪɬɚ ɜɨɨɛɳɟ ɩɨɫɤɨɥɶɤɭ ɜɫɺ ɦɟɧɟɟ ɢ ɦɟɧɟɟ ɩɪɢɟɦɥɟɦɨɣ ɫɬɚɧɨɜɢɬɫɹ ɫɢɬɭɚɰɢɹ ɜ ɤɨɬɨɪɨɣ ɫɩɨɪɬɢɜɧɵɟ ɤɥɭɛɵ ɪɚɫɯɨɞɭɸɬ ɛɨɥɶɲɭɸ ɱɚɫɬɶ ɢɦɟɸɳɢɯɫɹ ɫɪɟɞɫɬɜ ɧɚ ɩɨɜɵɲɟɧɢɟ ɡɚɪɚɛɨɬɧɵɯ ɩɥɚɬ ɞɥɹ ɥɭɱɲɢɯ ɢɝɪɨɤɨɜ ɨɫɬɚɜɥɹɹ ɪɚɫɯɨɞɵ ɫɜɹɡɚɧɧɵɟ ɫɨ ɫɩɨɪɬɢɜɧɨɣ ɢɧɮɪɚɫɬɪɭɤɬɭɪɨɣ ɦɟɫɬɧɵɦ ɨɪɝɚɧɚɦ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ Ʉɪɨɦɟ ɬɨɝɨ ɫɥɟɞɭɟɬ ɭɱɢɬɵɜɚɬɶ ɱɬɨ ɩɪɢ ɩɨɜɵɲɟɧɢɢ ɭɪɨɜɧɹ ɤɨɦɦɟɪɰɢɚɥɢɡɚɰɢɢ ɫɜɨɢɯ ɩɪɚɜ ɧɚ ɬɪɚɧɫɥɹɰɢɸ ɦɟɪɨɩɪɢɹɬɢɣ ɫɩɨɪɬɢɜɧɵɟ ɤɥɭɛɵ ɨɱɟɜɢɞɧɨ ɧɟ ɪɚɫɩɪɟɞɟɥɹɸɬ ɫɜɨɢ ɞɨɯɨɞɵ ɩɨɥɭɱɚɟɦɵɟ ɨɬ ɷɬɨɝɨ ɦɟɠɞɭ ɬɚɤɠɟ ɬɟɦɢ ɨɪɝɚɧɚɦɢ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɤɨɬɨɪɵɟ ɩɪɟɞɨɫɬɚɜɥɹɸɬ ɢɦ ɮɢɧɚɧɫɨɜɭɸ ɩɨɞɞɟɪɠɤɭ Ɇɟɫɬɧɵɟ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ ɡɚɱɚɫɬɭɸ ɜɵɩɨɥɧɹɸɬ ɩɨ ɫɭɳɟɫɬɜɭ ɪɨɥɶ ©ɫɬɪɚɯɨɜɨɱɧɨɣ ɫɟɬɤɢª ɤɨɦɩɟɧɫɢɪɭɹ ɧɢɡɤɭɸ ɜɵɪɭɱɤɭ ɫɩɨɪɬɢɜɧɵɯ ɤɥɭɛɨɜ ɢɥɢ ɩɨɦɨɝɚɹ ɢɦ ɫ ɮɢɧɚɧɫɨɜɵɦɢ ɡɚɬɪɭɞɧɟɧɢɹɦɢ ɢɧɨɝɨ ɪɨɞɚ ɜɵɡɜɚɧɧɵɦɢ ɜ ɬɨɦ ɱɢɫɥɟ ɧɟɞɨɫɬɚɬɤɚɦɢ ɭɩɪɚɜɥɟɧɢɹ ɷɬɢɦɢ ɫɩɨɪɬɢɜɧɵɦɢ ɨɪɝɚɧɢɡɚɰɢɹɦɢ

ɉɨ ɦɧɟɧɢɸ ɚɜɬɨɪɨɜ ɞɚɧɧɨɝɨ Ⱦɨɤɥɚɞɚ ɜ ɞɚɥɶɧɟɣɲɟɦ ɹɜɥɹɟɬɫɹ ɛɨɥɟɟ ɧɟɞɨɩɭɫɬɢɦɨɣ ɫɢɬɭɚɰɢɹ ɜ ɤɨɬɨɪɨɣ ɦɟɫɬɧɵɟ ɨɪɝɚɧɵ ɩɭɛɥɢɱɧɨɣ ɜɥɚɫɬɢ

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3 ±

Savin M., Mazars S. 6SRUW SURIHVVLRQQHO HW FROOHFWLYLWpV WHUULWRULDOHV O¶KHXUH GHV WUDQVIHUWV" 5DSSRUW 0LVVLRQ FRPPXQH G¶LQIRUPDWLRQ VXU OH VSRUW SURIHVVLRQQHO KWWS ZZZ VHQDW IU QRWLFH UDSSRUW U QRWLFH KWPO! KWWS ZZZ VHQDW IU UDS U U SGI! ± S ± 3