Sortier- und Verteilsysteme: Grundlagen, Aufbau, Berechnung und Realisierung (VDI-Buch)

Dirk Jodin · Michael ten Hompel Sortier- und Verteilsysteme

Dirk Jodin · Michael ten Hompel

Sortierund Verteilsysteme Grundlagen, Aufbau, Berechnung und Realisierung Mit 161 Abbildungen

Dr.-Ing. Dirk Jodin Universität Dortmund FB Maschinenbau LS Förder- und Lagerwesen Emil-Figge-Str. 73 44221 Dortmund dijo@flw.mb.uni-dortmund.de fl

Professor Dr. Michael ten Hompel Fraunhofer Institut für Materialfl fluss und Logistik Joseph-von-Fraunhofer-Str. 2-4 44227 Dortmund [email protected]

Bibliografi fische Information der Deutschen Bibliothek Die Deutsche Bibliothek verzeichnet diese Publikation in der Deutschen Nationalbibliografie; fi detaillierte bibliografische fi Daten sind im Internet unter abrufbar.

ISBN-10 3-540-29070-2 Springer Berlin Heidelberg New York ISBN-13 978-3-540-29070-4 Springer Berlin Heidelberg New York Dieses Werk ist urheberrechtlich geschützt. Die dadurch begründeten Rechte, insbesondere die der Übersetzung, des Nachdrucks, des Vortrags, der Entnahme von Abbildungen und Tabellen, der Funksendung, der Mikroverfilmung fi oder Vervielfältigung auf anderen Wegen und der Speicherung in Datenverarbeitungsanlagen, bleiben, auch bei nur auszugsweiser Verwertung, vorbehalten. Eine Vervielfältigung dieses Werkes oder von Teilen dieses Werkes ist auch im Einzelfall nur in den Grenzen der gesetzlichen Bestimmungen des Urheberrechtsgesetzes der Bundesrepublik Deutschland vom 9. September 1965 in der jeweils geltenden Fassung zulässig. Sie ist grundsätzlich vergütungspfl flichtig. Zuwiderhandlungen unterliegen den Strafbestimmungen des Urheberrechtsgesetzes. Springer ist ein Unternehmen von Springer Science+Business Media springer.de © Springer-Verlag Berlin Heidelberg 2006 Printed in Germany Die Wiedergabe von Gebrauchsnamen, Handelsnamen, Warenbezeichnungen usw. in diesem Buch berechtigt auch ohne besondere Kennzeichnung nicht zu der Annahme, dass solche Namen im Sinne der Warenzeichen- und Markenschutz-Gesetzgebung als frei zu betrachten wären und daher von jedermann benutzt werden dürfen. Sollte in diesem Werk direkt oder indirekt auf Gesetze, Vorschriften oder Richtlinien (z.B. DIN, VDI, VDE) Bezug genommen oder aus ihnen zitiert worden sein, so kann der Verlag keine Gewähr für die Richtigkeit, Vollständigkeit oder Aktualität übernehmen. Es empfiehlt fi sich, gegebenenfalls für die eigenen Arbeiten die vollständigen Vorschriften oder Richtlinien in der jeweils gültigen Fassung hinzuzuziehen. Satz: Digitale Druckvorlage der Autoren Einbandgestaltung: Struve & Partner, Heidelberg Herstellung: PTP-Berlin Protago-TEX-Production GmbH Gedruckt auf säurefreiem Papier 68/3020/Yu - 5 4 3 2 1 0

9RUZRUW

'LH PRGHUQH /RJLVWLN LVW RKQH DXWRPDWLVLHUWH 6RUWLHU XQG 9HUWHLOV\VWHPH QLFKW PHKU GHQNEDU +lXILJ VLQG VLH GLH HQWVFKHLGHQGHQ OHLVWXQJVEHVWLP PHQGHQ (OHPHQWH LP =HQWUXP NRPSOH[HU 0DWHULDOIOXVVV\VWHPH 'LHV JLOW LQ EHVRQGHUHU :HLVH IU GLH 6RUWLHUXQJ GHU LPPHU NOHLQWHLOLJHUHQ XQG GD PLW ]DKOUHLFKHUHQ :DUHQVHQGXQJHQ LP (&RPPHUFH -lKUOLFK HUK|KW VLFK LQGLHVHP%HUHLFKGLH$Q]DKOGHU6HQGXQJHQLQ'HXWVFKODQGXPHWZD 0LR3DNHWH>)RUUHVWHU5HVHDUFK@ ,PPHU OHLVWXQJVIlKLJHUH )|UGHUWHFKQLN PLW *HVFKZLQGLJNHLWHQ YRQ ELV ]X YLHU 0HWHUQ SUR 6HNXQGH LQQRYDWLYH $QWULHEVWHFKQLN PLW /LQHDUPRWR UHQ EHUKUXQJVORVH (QHUJLHEHUWUDJXQJVV\VWHPH XQG DXWRPDWLVFKH ,GHQWL ILNDWLRQLQ+|FKVWJHVFKZLQGLJNHLWVLQGGLH)ROJH 'LHV\VWHPDWLVFKH$XIDUEHLWXQJGLHVHVZLFKWLJHQ*HELHWHVGHU0DWHULDO IOXVVWHFKQLN NRQQWH GHU WHFKQLVFKHQ (QWZLFNOXQJ XQG LKUHU ZLUWVFKDIWOL FKHQ%HGHXWXQJDOOHUGLQJVNDXPIROJHQ'LHVH/FNH]XVFKOLH‰HQXQGHL QHQ IXQGLHUWHQ %HLWUDJ XQG hEHUEOLFN ]XP 6WDQG XQG ]XU (QWZLFNOXQJ GLHVHU7HFKQRORJLH]XOLHIHUQLVWGDV=LHOGHVYRUOLHJHQGHQ%XFKHV (V ULFKWHW VLFK DQ 6WXGLHUHQGH GHU ,QJHQLHXUZLVVHQVFKDIWHQ XQG /RJLV WLN DQ +HUVWHOOHU 3ODQHU XQG %HWUHLEHU YRQ 0DWHULDOIOXVV XQG :DUHQYHU WHLOV\VWHPHQ HEHQVR ZLH DQ 8QWHUQHKPHQ GLH YRQ GHU PDQXHOOHQ ]XU PH FKDQLVLHUWHQ XQG DXWRPDWLVLHUWHQ 6RUWLHUWHFKQLN ZHFKVHOQ P|FKWHQ 8P GLHVHUKHWHURJHQHQ=LHOJUXSSHJHUHFKW]XZHUGHQILQGHQVLFKQHEHQGHWDLO OLHUWHQ XQG DQVFKDXOLFKHQ 6\VWHPEHVFKUHLEXQJHQ PLW ]DKOUHLFKHQ $EELO GXQJHQDXFKGLHJUXQGOHJHQGHQ%HUHFKQXQJVYHUIDKUHQXQG$XVOHJXQJVYD ULDQWHQ 'HU LQ GLHVHP %XFK DXIJHVSDQQWH %RJHQ YRQ GHU (QWZLFNOXQJ EHUJUHLIHQGHU6\VWHPDWLNHQXQGV\VWHPWHFKQLVFKHU%HWUDFKWXQJHQELVKLQ ]X JUXQGOHJHQGHQ 0HFKDQLVPHQ XQG %HUHFKQXQJVYHUIDKUHQ GHU )|UGHU WHFKQLN LVW ]XJOHLFK HLQ $EELOG YLHOHU 6\VWHPH GHU PRGHUQHQ WHFKQLVFKHQ /RJLVWLN,QHLQHU=HLWLQGHU%LWVXQG%\WHVUHJLHUHQZLUGKlXILJGLH7DW VDFKHEHUVHKHQGDVVGLH PRGHUQHQXQGOHLVWXQJVIlKLJHQ/RJLVWLNV\VWHPH DXI HLQHP VROLGHQ )XQGDPHQW GHU )|UGHUWHFKQLN DXIEDXHQ PLW ZHLWHUHQ %DVLVWHFKQRORJLHQ ]X LQWHJULHUWHQ NRPSOH[HQ 0DWHULDOIOXVVV\VWHPHQ YHU VFKPHO]HQXQGLQGHU.RPELQDWLRQPLWPRGHUQHQ,QIRUPDWLRQVXQG.RP PXQLNDWLRQVV\VWHPHQGLHLQGHQ/RJLVWLNSUR]HVVHQEHQ|WLJWHQ)XQNWLRQDOL WlWHQHUP|JOLFKHQ

9,

9RUZRUW

'LH JXWH 8QWHUVWW]XQJ GHU 6\VWHPKHUVWHOOHU GLH XPIDQJUHLFKHV %LOG PDWHULDO XQG YLHOIlOWLJH GHWDLOOLHUWH ,QIRUPDWLRQHQ ]XU 9HUIJXQJ VWHOOWHQ KDW VHKU ]XP *HOLQJHQ GLHVHV %XFKHV EHLJHWUDJHQ +LHUIU VHL GHQ 8QWHU QHKPHQXQGLKUHQ0LWDUEHLWHUQDQGLHVHU6WHOOHKHU]OLFKJHGDQNW 8QVHU'DQNJLOWHEHQVRGHQ.ROOHJLQQHQXQG.ROOHJHQDP/HKUVWXKOIU )|UGHUXQG/DJHUZHVHQXQGLQVEHVRQGHUHGHU*UDILNDEWHLOXQJXQGXQVHUHU VWXGHQWLVFKHQ +LOIVNUDIW 6XVDQQH 9RUZDOG GLH VLFK DOV 'HVLJQ6WXGHQWLQ PLW YLHO 0KH XQG (QJDJHPHQW GXUFK YLHOH WHFKQLVFKH 9RUODJHQ NlPSIWH XPGDUDXVDQVFKDXOLFKH*UDILNHQ]XHUVWHOOHQ

'RUWPXQGLP6RPPHU

'LUN-RGLQ0LFKDHOWHQ+RPSHO

,QKDOWVYHU]HLFKQLV

(LQOHLWXQJ  (QWZLFNOXQJ   'HILQLWLRQHQXQG5LFKWOLQLHQ   (LQVDW]JHELHWHIU6WFNJXWVRUWLHUV\VWHPH   .(3'LHQVWH.XULHU([SUHVVXQG3DNHWGLHQVWH   /RJLVWLN]HQWUHQ   )UDFKWNQRWHQ   ,QGXVWULH   3RVWGLHQVWH   (LQVDW]XQG$XVZDKONULWHULHQIU6RUWLHUV\VWHPH   $XIEDXYRQ6RUWLHUV\VWHPHQ 

'LH6RUWLHUDQODJH  =XI|UGHUXQJ   9RUEHUHLWXQJ   =XVDPPHQIKUXQJ   9HUHLQ]HOXQJ  $XVULFKWXQJ   ,GHQWLIL]LHUXQJ   9HUWHLOXQJ   (LQVFKOHXVXQJ   9HUWHLOI|UGHUHU   (QGVWHOOHQ   $EI|UGHUXQJ  9HUSDFNXQJVEHUHLFK  

'HU9HUWHLOI|UGHUHU   6WUXNWXURULHQWLHUWH.ODVVLIL]LHUXQJ   /HLVWXQJVRULHQWLHUWH.ODVVLIL]LHUXQJ   7HFKQLNRULHQWLHUWH.ODVVLIL]LHUXQJ   $XIEDX)XQNWLRQXQG.HQQGDWHQGHU9HUWHLOI|UGHUHU  4XHUJXUWVRUWHU  5LQJVRUWHU  

9,,,

,QKDOWVYHU]HLFKQLV

7UDJVFKXKVRUWHU   .DPPVRUWHU   %UXVKVRUWHU   )DOONODSSHQVRUWHU   7DVFKHQVRUWHU  .LSSVFKDOHQVRUWHU   6FKZHQNNODSSHQVRUWHU   'UHKVRUWHU   .DQDOVRUWHU   5ROOHQGUHKZHLFKH   =ZHLXQG'UHLZHJHZHLFKHQ   *XUWWUDQVIHU  .HWWHQWUDQVIHU   5ROOHQWUDQVIHU   3XVKHU   )OLSSHU  'UHKDUPVRUWHU   %DQGDEZHLVHU   6FKLHEHVFKXKVRUWHU   :DUHQEHJOHLWVRUWHU   .LSSSODWWHQVRUWHU   hEHUVLFKWHQ  

'LH7HFKQLN  .RQVWUXNWLYH*HVWDOWXQJGHU)|UGHUPLWWHO   =ZHLGLPHQVLRQDOH.HWWHQWULHEH   'UHLGLPHQVLRQDOH.HWWHQWULHEH   $QWULHEVV\VWHPHNHWWHQJHWULHEHQHU6RUWLHUDQODJHQ  )RUPVFKOVVLJH$QWULHEH   5HLEUDGDQWULHEH  /LQHDUPRWRUDQWULHEH   'LH.LSSPHFKDQLVPHQ   0HFKDQLVPHQRKQH%HZHJXQJ   0HFKDQLVPHQPLW]ZHLGLPHQVLRQDOHU%HZHJXQJ   .LSSHOHPHQWHPLWGUHLGLPHQVLRQDOHU%HZHJXQJ  '\QDPLVFKH(IIHNWHEHLGHU.LSSEHZHJXQJ   .LSSDQWULHE   $XVIKUXQJVIRUPHQGHU.LSSVFKDOHQ   *UXQGHOHPHQWHGHU(QGVWHOOHQ  5XWVFKH   5ROOHQXQG5|OOFKHQEDKQ   %DQGI|UGHUHU  

,QKDOWVYHU]HLFKQLV

,;

 6DPPHOEHKlOWHU   $EODJH   :HLFKH    7UHQQNODSSH    6WDSHOHLQULFKWXQJXQG0DJD]LQ   9HUJOHLFKGHU*UXQGHOHPHQWH    *HVWDOWXQJVKLQZHLVH   $QWULHEGHU4XHUJXUWH    (QHUJLHEHUWUDJXQJVV\VWHPH   0HFKDQLVFKH6\VWHPH   6FKOHLIOHLWXQJHQ    %HUKUXQJVORVH(QHUJLHEHUWUDJXQJ   $XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH    'DWHQWUlJHU   /HVHWHFKQLN    5DGLRIUHTXHQ],GHQWLILNDWLRQ±5),'  

 'LH%HUHFKQXQJ    1HQQGXUFKVDW]GHV9HUWHLOI|UGHUHUV  6RUWLHUXQDEKlQJLJHU*XWDEVWDQG  6RUWLHUDEKlQJLJHU*XWDEVWDQG   (IIHNWLYHU'XUFKVDW]GHV9HUWHLOI|UGHUHUV   'XUFKVDW]PLQGHUXQJGXUFK6\QFKURQLVDWLRQV]HLWHQ   'XUFKVDW]PLQGHUXQJGXUFKUH]LUNXOLHUHQGH7HLOH   $QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV   *HVDPWUHLEXQJVZLGHUVWDQG   6WHLJXQJVZLGHUVWDQG    $QWULHEVOHLVWXQJ    $Q]DKOGHU$QWULHEH   $QRUGQXQJGHU$QWULHEH    6FKOXSIXQG.LSSHQEHLGHU(LQVFKOHXVXQJ    5ROOZLGHUVWDQGDXI5ROOHQEDKQHQ   1HLJXQJVZLQNHODQGHUJHUDGHQ5XWVFKH  

 'LH6WHXHUXQJ   *UXQGODJHQGHU6WHXHUXQJVWHFKQLN    ,QIRUPDWLRQVGDUVWHOOXQJ    6LJQDOYHUDUEHLWXQJ    +LHUDUFKLVFKHU$XIEDX   3URJUDPPUHDOLVLHUXQJ   6WHXHUXQJVVWUXNWXU  

;

,QKDOWVYHU]HLFKQLV

 $XIJDEHGHU6WHXHUXQJ   6WHXHUXQJVHEHQHQLQ0DWHULDOIOXVVV\VWHPHQ   %HWULHEVVWUDWHJLHQ   6WHXHUXQJGHV7HLOH]XVWURPV    6WHXHUXQJGHU(LQVFKOHXVXQJ   6WHXHUXQJGHU(QGVWHOOHQ]XRUGQXQJ=LHOGHILQLWLRQ    6WHXHUXQJGHU$XVVFKOHXVXQJ   6WHXHUXQJGHV3DFNEHUHLFKHV  

 (LQVDW]EHLVSLHOH   2WWR9HUWHLO]HQWUXP+DOGHQVOHEHQ   836:RUOGSRUW/RXLVYLOOH 

$EELOGXQJVYHU]HLFKQLV 

4XHOOHQYHU]HLFKQLV  

/LWHUDWXUYHU]HLFKQLV 

6DFKYHU]HLFKQLV  

(LQOHLWXQJ

'DV 6RUWLHUHQ JUR‰HU 6RUWLPHQWH PLW KRKHQ *HVFKZLQGLJNHLWHQ JHK|UW ]X GHQ DQVSUXFKVYROOHUHQ $XIJDEHQ GHU /RJLVWLN 'LH $QIRUGHUXQJHQ ZHOW ZHLWHU %HVFKDIIXQJV XQG /LHIHUQHW]ZHUNH KDEHQ GLH $QVSUFKH DQ GLH :DUHQYHUWHLOXQJ DEHU DXFK DQ GLH /HLVWXQJVIlKLJNHLW GHU 6RUWLHU XQG 9HUWHLOV\VWHPH GHXWOLFK JHVWHLJHUW 'LH VR JHQDQQWH $WRPLVLHUXQJ GHU $XIWUlJH LP +DQGHO IKUW ]X HLQHP YLHOIDFKHQ $QVWLHJ GHU LQ GHQ 1HW] ZHUNHQ IOLH‰HQGHQ 6WFNJWHU XQG GHU P|JOLFKHQ =LHOVWHOOHQ 'LH /RJLVWLN YHUELQGHW QLFKW PHKU QXU GLH :LUWVFKDIWVXQWHUQHKPHQ VRQGHUQ WKHRUHWLVFK VLQGKHXW]XWDJHZHOWZHLWDOOH+DXVKDOWHPLWHLQDQGHUYHUQHW]W,QGHQ1HW] NQRWHQ PVVHQ WlJOLFK 0LOOLRQHQ YRQ XQWHUVFKLHGOLFKHQ *WHUQ DXI LKUH =LHOHVRUWLHUWZHUGHQ 'DV ]X VRUWLHUHQGH *XWVSHNWUXP UHLFKW YRQ .DUWRQDJHQ PLW ELHJHIHVWHQ %|GHQ XQG 6HLWHQ EHU *HSlFNVWFNH ELV KLQ ]X ELHJHZHLFKHQ 7H[WLOLHQ XQG3DSLHUZDUHQRGHU$EIDOOVWRIIHQ*OHLFK]HLWLJVWHOOWGDV6RUWLHUHQQHEHQ GHP .RPPLVVLRQLHUHQ GHQ NRVWHQDXIZHQGLJVWHQ $UEHLWVYRUJDQJ LQ GHU /RJLVWLNGDU 'HQ 0DUNWDQIRUGHUXQJHQ IROJHQG KDEHQ VLFK VHKU YLHOIlOWLJH XQG OHLV WXQJVIlKLJH 6\VWHPH HQWZLFNHOW 9LHOH +HUVWHOOHU ELHWHQ 6RUWLHUDQODJHQ DQ XQG UHDOLVLHUHQ LPPHU NRPSOH[HUH 6RUWLHU XQG 9HUWHLOV\VWHPH 'LH V\V WHPWHFKQLVFKH $XIDUEHLWXQJ NRQQWH GLHVHP 7UHQG NDXP IROJHQ VR GDVV KLHUELVODQJHLQH/FNHEHVWHKWGHUHQ6FKOLH‰XQJHLQ $QOLHJHQGHVYRUOLH JHQGHQ%XFKHVLVW

(QWZLFNOXQJ

'HU 8UVSUXQJ GHU 6WFNJXWVRUWLHUV\VWHPH XQG WHFKQRORJLHQ LVW GLH %ULHI XQG 3DNHWVRUWLHUXQJ 'LH 3RVWGLHQVWH GHU IKUHQGHQ ,QGXVWULHQDWLRQHQ KDWWHQ UDVFK ]XQHKPHQGH 6HQGXQJV]DKOHQ XQG HLQH =XQDKPH GHU 9HUWHLO WLHIH ]X EHZlOWLJHQ XQG ZXUGHQ KLHUGXUFK 9RUUHLWHU EHL GHU (QWZLFNOXQJ YRQ6RUWLHUV\VWHPHQ =X%HJLQQGHV-DKUKXQGHUWVH[LVWLHUWHWURW]VWHLJHQGHP3RVWYROXPHQ DOOHUGLQJVQXUHLQHPDQXHOOH6RUWLHUXQJGHU%ULHIHXQG3DNHWH9RUVFKOlJH



(LQOHLWXQJ

]XU $XWRPDWLVLHUXQJ GHU 6RUWLHUXQJ LQ GHQ HU -DKUHQ ZXUGHQ DXIJUXQG GHUVFKOHFKWHQ:HOWZLUWVFKDIWVODJHQLFKWUHDOLVLHUW 'LH3RVWVRUWLHUXQJZXUGHLQSULPLWLYHU:HLVHYRQGHQ0LWDUEHLWHUQPD QXHOOGXUFKJHIKUW0LWHLQIDFKHQ+LOIVPLWWHOQZLH6RUWLHUWLVFKHQ5HJDOHQ RGHU $EODJHIlFKHUQ EH]LHKXQJVZHLVH HLQIDFK EHU HQWVSUHFKHQGH %RGHQ IOlFKHQ ZXUGHQ 6WFNJWHU QDFK HLQIDFKHQ .ULWHULHQ VRUWLHUW 0DQ HULQQHUW VLFK DQ GLH 6RUWLHUXQJ LQ $EODJHIlFKHU ZlKUHQG GHV 1DFKWVSUXQJV LQ GHQ 3RVW]JHQRGHULP3RVWDPW0LW]XQHKPHQGHQ$QIRUGHUXQJHQHQWZLFNHOWH VLFK GHU +DQGYHUZXUI LQ 3RVWVlFNH XQG 3RVWEHKlOWHU +LHUEHL ZXUGH YRQ GHP 3RVWOHU GLH =LHODGUHVVH LGHQWLIL]LHUW XQG GDUDXV GDV :XUI]LHO DEJHOHL WHW ZREHL ZHJHQ GHU EHJUHQ]WHQ $Q]DKO GHU (QGVWHOOHQ PHKUVWXILJH 6RU WLHUYHUIDKUHQHLQJHVHW]WZXUGHQ

D 

E 

$EE 0DQXHOOH %ULHIVRUWLHUXQJ D  6RUWLHUIlFKHU E  +DQGYHUZXUI 4XHOOH 'HXWVFKH3RVW

'LH HUUHLFKEDUHQ 6RUWLHUOHLVWXQJHQ ZDUHQ PLW ELV ]X  (LQKHLWHQK ]ZDU UHODWLY KRFK MHGRFK ZDUHQ GLH)HKOZUIH YRQ GHU SHUV|QOLFKHQ /HLV WXQJVIlKLJNHLW XQG 0RWLYDWLRQ GHV HLQ]HOQHQ 0LWDUEHLWHUV DEKlQJLJ $OOH 9HUIDKUHQ EHL GHQHQ GHU HLJHQWOLFKH 9HUWHLOYRUJDQJ PDQXHOO DXVJHIKUW ZLUG KDEHQ QHEHQ GHP KRKHQ 3HUVRQDOEHGDUI HLQH 5HLKH JUXQGVlW]OLFKHU 1DFKWHLOH>$UQ@

E

'LHUHLQYLVXHOOH,GHQWLILNDWLRQGXUFK$EOHVHQHLQHV/DEHOVRGHU$GUHVV IHOGHVYHUXUVDFKWHLQHHUK|KWH)HKOHUUDWH

E

'LH =XRUGQXQJ YRQ 6RUWLHUJXW ]XU (QGVWHOOH LP .RSI GHV 0LWDUEHLWHUV IKUWLQVEHVRQGHUHLQ6WUHVVVLWXDWLRQHQ6SLW]HQODVW/lUPEHODVWXQJ$E OHQNXQJ ]X)HKOHUQ

E

'LH$UEHLWVEHGLQJXQJHQVLQGQLFKWHUJRQRPLVFK*HZLFKW%HZHJXQJV DEOlXIH 

(QWZLFNOXQJ



'LH 0HFKDQLVLHUXQJ GHU 6RUWLHUXQJ EHJDQQ HUVW QDFK GHP =ZHLWHQ :HOW NULHJ0LWWHGHUHU-DKUH 6R VWDUWHWH GDV 3RVW 2IILFH 'HSDUWHPHQW LQ GHQ 86$ $XVVFKUHLEXQJHQ XQG 3URMHNWH IU GLH 7HFKQRORJLHHQWZLFNOXQJ YRQ %ULHIVRUWHUQ %ULHIZHQ GHPDVFKLQHQ XP GLH $QVFKULIW XQG GLH %ULHIPDUNH LQ /HVHSRVLWLRQ ]X EULQJHQ  3DNHWVRUWHUQ DXWRPDWLVFKHQ $GUHVVOHVHUQ .LSSVFKDOHQI|UGHUHUQ XQG)|UGHUWHFKQLNHQ 'DV (UJHEQLV ZDU GLH HUVWH KDOEDXWRPDWLVFKH 3RVWVRUWLHUPDVFKLQH GLH HUVWPDOLJ  LQ %DOWLPRUH HLQJHVHW]W ZXUGH %HUHLWV HLQ -DKU VSlWHU HUIROJWHGLH(LQIKUXQJGHUHUVWHQ DXWRPDWLVFKHQDOOHUGLQJVQLFKWDPHULND QLVFKHQ 6RUWLHUPDVFKLQH GHU Ä7UDQVQRUPD³ HLQHU VR JHQDQQWHQ ÄPXOWLSR VLWLRQOHWWHUVRUWLQJPDFKLQH³03/60  'HU HUVWH DPHULNDQLVFKH %ULHIVRUWHU EDVLHUHQG DXI HLQHP DXVOlQGLVFKHQ 0RGHOOZXUGH(QGHGHUHU-DKUHHQWZLFNHOWXQGYHUVDKDOV5FNJUDWGHU 3RVWVRUWLHUXQJVHLQHQ'LHQVWELVZHLWLQGLHHU-DKUHKLQHLQ EHDXIWUDJWHGDV'HXWVFKH3RVWPLQLVWHULXPVHLQ3RVWWHFKQLVFKHV=HQW UDODPWLQ'DUPVWDGWGLH$XWRPDWLVLHUXQJGHV%ULHIGLHQVWHVYRUDQ]XWUHLEHQ XQG DOOH QRWZHQGLJHQ 0D‰QDKPHQ KLHU]X ]X HUJUHLIHQ =X GLHVHP =HLW SXQNW ZXUGHQ OHGLJOLFK PHFKDQLVFKH %ULHIVRUWLHUPDVFKLQHQ HLQJHVHW]W GHUHQ /HLVWXQJ XQG 4XDOLWlW VHKU VWDUN YRP HLQJHVHW]WHQ 3HUVRQDO DEKLQJ 'RFK HUVW DP  -XOL  HUULFKWHWH GLH )LUPD 7HOHIXQNHQ LQ 'DUPVWDGW GLH HUVWH IXQNWLRQLHUHQGH 9HUVXFKVDQODJH ]XU %ULHIVRUWLHUXQJ ,P JOHLFKHQ -DKUIKUWHGLH'HXWVFKH%XQGHVSRVWDOVHUVWH3RVWYHUZDOWXQJZHOWZHLWGLH 3RVWOHLW]DKOHQ HLQ  ZXUGH GLH HUVWH LP HFKWHQ Ä3RVWDPWVEHWULHE³ ODXIHQGH 6RUWLHUDQODJH GHU )LUPD 6LHPHQV LQ 3IRU]KHLP LQ %HWULHE JH QRPPHQ  JLQJ LQ %RFKXP GLH HUVWH %ULHIVRUWLHUDQODJH YRQ 7HOHIXQ NHQ LQ GHQ (FKWEHWULHE 'LH &RGLHUXQJ HUIROJWH MHGRFK QRFK GXUFKZHJ PDQXHOO DQ VSH]LHOOHQ &RGLHUSOlW]HQ 'LH HUVWH %ULHIVRUWLHUDQODJH PLW DXWRPDWLVFKHU $QVFKULIWHQOHVXQJ XQG 9LGHRFRGLHUXQJ ZXUGH LP 6HSWHP EHULQ:LHVEDGHQYRQ$(*7HOHIXQNHQLQVWDOOLHUW>6LH@ 'LH 6\VWHPH ZXUGHQ VWHWLJ ZHLWHU HQWZLFNHOW XQG  ZDUHQ EHUHLWV PHKU DOV  GLHVHU 6RUWLHUV\VWHPH

LP (LQVDW] GHUHQ (LQ]HOVRUWLHU

OHLVWXQJHQ NRQWLQXLHUOLFK HUK|KW ZXUGHQ 'LH GLHVH 6RUWHU  HUVHW]HQ GHQ ÄDGYDQFHG IDFHUFDQFHOHU V\VWHPV³ $)&6  GHU (OHFWUR&RP KDWWHQ EHUHLWVHLQH6RUWLHUOHLVWXQJYRQ%ULHIHQSUR6WXQGH 1HEHQ GHU 6RUWLHUXQJ YRQ %ULHIHQ UFNWH DXFK GLH 6RUWLHUXQJ JU|‰HUHU 6WFNJWHU ZLH 3lFNFKHQ XQG 3DNHWH LPPHU PHKU LQ GHQ )RNXV GHU 0H FKDQLVLHUXQJVEHPKXQJHQ GD QXU VR HLQH K|KHUH 6RUWLHUOHLVWXQJ XQG $Q]DKOYRQ=LHOUHODWLRQHQP|JOLFKZXUGH %HLGLHVHQHUVWHQPHFKDQLVLHUWHQ6RUWLHUDQODJHQZXUGHGDV]XVRUWLHUHQ GH*XWLQGHU5HJHODXIHLQHQXPODXIHQGHQ)|UGHUHUJHJHEHQXQGPDQXHOO DQGHQ(QGVWHOOHQLGHQWLIL]LHUWXQGDEJHJHEHQ



(LQOHLWXQJ

$EE0DQXHOOH3DNHWVRUWLHUXQJ4XHOOH'HXWVFKH3RVW

'HUDUWLJ PHFKDQLVLHUWH 6RUWLHUV\VWHPH

HUUHLFKHQ ]ZDU HLQH UHODWLY KRKH

/HLVWXQJVIlKLJNHLWEHQ|WLJHQDEHUYLHO3HUVRQDOIUGLH$XVVFKOHXVXQJVR GDVV GHUDUWLJH 6RUWLHUV\VWHPH KHXW]XWDJH QXU QRFK VHOWHQ XQG LQ XQWHUJH RUGQHWHQ %HUHLFKHQ RGHU EHL VSHUULJHQ VFKZHUHQ *WHUQ ]X ILQGHQ VLQG 'HQQRFK EHWUHLEHQ DXFK KHXWH PRGHUQH XQG JUR‰H .(3'LHQVWOHLVWHU WHLOZHLVH QLFKW RGHU QXU WHLODXWRPDWLVLHUWH 6RUWLHUV\VWHPH 'LH *UQGH OLHJHQ LQ GHQ KRKHQ ,QYHVWLWLRQVNRVWHQ XQG GHQ JOHLFK]HLWLJ JHULQJHQ 1XW ]XQJVJUDGHQ 8P DXFK EHL 6SLW]HQEHODVWXQJHQ GLH HQJHQ =HLWIHQVWHU HLQ ]XKDOWHQ PVVHQ 6\VWHPH PLW KRKHU 6RUWLHUOHLVWXQJ LQVWDOOLHUW ZHUGHQ 'LHVH KRKHQ /HLVWXQJHQ ZHUGHQ QXU ]X EHVWLPPWHQ 7DJHV]HLWHQ EHQ|WLJW GHQ 5HVW GHU =HLW DUEHLWHQ GLH 6RUWLHUV\VWHPH LQ 7HLOODVW RGHU VWHKHQ VWLOO 6R NlPSIW GLH DXWRPDWLVLHUWH 6RUWLHUXQJ KlXILJ PLW GHU :LUWVFKDIWOLFK NHLWVEHWUDFKWXQJ(LQZHLWHUHV.ULWHULXPGDV]XPLQGHVWYRUHLQLJHQ-DKUHQ QRFK HLQ 3UREOHP IU HLQH GXUFKJlQJLJH $XWRPDWLVLHUXQJ ZDU LVW GLH 0|JOLFKNHLW GHU DXWRPDWLVLHUWHQ ,GHQWLIL]LHUXQJ (UVW PLW GHU 9HUEUHLWXQJ XQG 6WDQGDUGLVLHUXQJ PDVFKLQHQOHVEDUHU (WLNHWWHQ XQG GHU 9HUIJEDUNHLW OHLVWXQJVIlKLJHU /HVHJHUlWH ZXUGH GLH DXWRPDWLVLHUWH 6RUWLHUXQJ LQ GHU KHXWLJHQ)RUP P|JOLFK $QIlQJOLFK ZXUGHQ HLQIDFKH (OHPHQWH ZLH 3XVKHU XQG $EZHLVHU GLH GDV6WFNJXWYRQHLQHP6WDQGDUGI|UGHUHUDXVGHP*XWVWURPKHUDXVLQHLQH $E]ZHLJVWUHFNH VFKLHEHQ HLQJHVHW]W :HJHQ GHU UHFKWZLQNOLJHQ $XV VFKOHXVXQJ XQG GHU VFKZHUIlOOLJHQ ODQJVDPHQ $XVVFKOHXVHOHPHQWH ZDUHQ PLW GLHVHU 7HFKQRORJLH VFKQHOO GLH /HLVWXQJVJUHQ]HQ HUUHLFKW 'XUFK 6FKUlJDXVVFKOHXVXQJHQ LQ :LQNHOQ ]ZLVFKHQ ƒ XQG ƒ ZXUGHQ K|KHUH )|UGHUJHVFKZLQGLJNHLWHQ ZXUGHQ

VSH]LHOOH

XQG

6RUWLHUOHLVWXQJHQ

$XVVFKOHXVPHFKDQLVPHQ

P|JOLFK

HQWZLFNHOW

=XQHKPHQG

GLH

DXI

NXU]H

6FKDOW]HLWHQXQGZHQLJ3ODW]EHGDUIKLQRSWLPLHUWZXUGHQ 'LHK|FKVWHQ/HLVWXQJHQZHUGHQPLW6\VWHPHQHUUHLFKWEHLGHQHQQLFKW QXU GLH $XVVFKOHXVXQJ VRQGHUQ GDV *HVDPWV\VWHP RSWLPLHUW ZXUGH %H

(QWZLFNOXQJ



JLQQHQG PLW GHQ .LSSVFKDOHQVRUWHUQ VSlWHU PLW GHQ 4XHUJXUWVRUWHUQ ZXU GHQ6\VWHPHHQWZLFNHOWXQGHLQJHVHW]WGLHDXIVFKQHOOODXIHQGHQ.UHLVNHW WHQI|UGHUHUQ EDVLHUHQ XQG KHXWH SUR 6RUWHU ELV ]X  (LQKHLWHQ EHL JHULQJHQ *HZLFKWHQ SUR 6WXQGH XQG LPPHUKLQ QRFK  (LQKHLWHQ SUR

#TVKMGNJ

6WXQGHEHLNJ*HZLFKWVRUWLHUHQ



















,CJT

$EE(QWZLFNOXQJGHU6RUWLHUOHLVWXQJ

$NWXHOOH (QWZLFNOXQJHQ ]XU 6WHLJHUXQJ GHU 6RUWLHUOHLVWXQJ ]LHOHQ DXI HLQH 0HKUIDFKDQRUGQXQJ GHU $XVVFKOHXVPHFKDQLVPHQ $QVWHOOH HLQHU HLQ]HO QHQ.LSSVFKDOHRGHUHLQHVHLQ]HOQHQ4XHUJXUWHVZHUGHQDQHLQHP )DKUZD JHQ PHKUHUH 0HFKDQLVPHQ SDUDOOHO LQVWDOOLHUW 6LH ZHUGHQ QHEHQHLQDQGHU EHUHLQDQGHU RGHU NRPELQLHUW DQJHRUGQHW XQG HUUHLFKHQ QRFKPDOV K|KHUH /HLVWXQJHQYRQEHU6RUWLHUXQJHQSUR6WXQGH :HLWHUH/HLVWXQJVVWHLJHUXQJHQZHUGHQQLFKWPLWHLQ]HOQHQ6RUWHUQ VRQ GHUQ GXUFK JHHLJQHWH .RPELQDWLRQ YHUVFKLHGHQHU (LQ]HODQODJHQ HUUHLFKW 'LH JU|‰WH GHU]HLW EHNDQQWH 5HDOLVLHUXQJ HLQHV 6RUWLHUV\VWHPV LVW GDV 3DNHWYHUWHLO]HQWUXP GHV 8QLWHG 3DUFHO6HUYLFH 836  LQ /RXLVYLOOH LP DPHULNDQLVFKHQ%XQGHVVWDDW.HQWXFN\ ,Q GHP DOV :RUOGSRUW EH]HLFKQHWHQ 9HUWHLO]HQWUXP N|QQHQ SUR 6WXQGH  3DFNVWFNH 3DNHWH XQG *UR‰EULHIH  VRUWLHUW ZHUGHQ +LHU]X ZXU GHQ NRPSOH[H 6\VWHPH DXV 9RUVRUWHUQ XQG ZHLWHUHQ QDFKIROJHQGHQ PHKU



(LQOHLWXQJ

VWXILJHQ 6RUWLHUV\VWHPHQ UHDOLVLHUW  )|UGHUHU PLW HLQHU 6WUHFNH YRQ EHUNP XQGLQVJHVDPW.LSSVFKDOHQVRUWHUPLWIDVW.LSSVFKD OHQ VRUWLHUHQ GLH *WHU DXI  (QGVWHOOHQ >836E@ 'DV VLQG EHU  6RUWLHUXQJHQSUR6HNXQGH

'HILQLWLRQHQXQG5LFKWOLQLHQ

'HU %HJULII Ä6RUWLHUHQ³ ZLUG LQ GHU WHFKQLVFKHQ /RJLVWLN ZLH VHOEVWYHU VWlQGOLFK YHUZHQGHW XQG DXFK XQPLVVYHUVWlQGOLFK XQG ULFKWLJ ]XJHRUGQHW 'LH 6XFKH QDFK 'HILQLWLRQHQ GHV %HJULIIV Ä6RUWLHUHQ³ LQ HLQVFKOlJLJHQ (Q]\NORSlGLHQIKUWLQGHU5HJHOMHGRFK]XY|OOLJDQGHUHQ(UNOlUXQJHQDOV PDQ ]XQlFKVW YHUPXWHW 'HU LQ GHU /RJLVWLN JHOlXILJHQ 9RUVWHOOXQJ DP QlFKVWHQNRPPWGLH,QWHUQHWHQ]\NORSlGLH Ä:LNLSHGLD³+LHUZLUG Ä6RUWLH UHQ³EHLVSLHOVZHLVHZLHIROJWGHILQLHUW

Ä6RUWLHUXQJEH]HLFKQHWGHQ9RUJDQJGHV2UGQHQV'DYRQOHLWHQVLFKGLH :RUWH VRUWLHUHQ DOV 7lWLJNHLW  VRUWLHUW DOV =XVWDQG  XQG 6RUWLPHQW DOV 2EHUEHJULII DE %HLP 6RUWLHUHQ ZLUG EHU GLH VRUWLHUWH 0HQJH QDFK HLQHP HLQKHLWOLFKHQ 6RUWLHUNULWHULXP HLQH IHVWJHOHJWH 2UGQXQJVUHLKHQIROJH KHUJHVWHOOW 'LHV JHVFKLHKW LP $OOJHPHLQHQ DXIVWHLJHQG DEF  NOHLQPLWWHOJUR‰  DEHU DXFK DEVWHLJHQGH 6RUWLHUXQJ UFNZlUWV  LVW P|JOLFK ]\[   JUR‰PLWWHONOHLQ XQGNDQQVLQQYROOVHLQ«³>:LND@

$QGHUH 1DFKVFKODJHZHUNH GHILQLHUHQ Ä6RUWLHUHQ³ HKHU DXV GHU 6LFKW GHU ,QIRUPDWLN 'DV Ä6RUWLHUHQ³ YRQ /RFKNDUWHQ ZLUG ]% QRFK VHKU KlXILJ DOV'HILQLWLRQYHUZHQGHW$XVGHU,QIRUPDWLNVLQGDXFKVSH]LHOOHOHLVWXQJV IlKLJH 6RUWLHUDOJRULWKPHQ EHNDQQW ZLH EHLVSLHOVZHLVH Ä%XEEOHVRUW³ RGHU Ä4XLFNVRUW³GLH=DKOHQRGHU%XFKVWDEHQVHKUVFKQHOOXQGHIIL]LHQWLQHLQH DXIRGHUDEVWHLJHQGH5HLKHQIROJHEULQJHQ %HL GHU VR JHQDQQWHQ Ä7RSRORJLVFKHQ 6RUWLHUXQJ³ ZHUGHQ 2EMHNWH QDFK HLQHU PHVVEDUHQ *U|‰H VRUWLHUW 6WlGWH ZHUGHQ QDFK (LQZRKQHU]DKOHQ 6FKXKH QDFK 6FKXKJU|‰HQ .OHLGXQJVVWFNH QDFK GHU 5HLKHQIROJH LKUHV $Q]LHKHQV RGHU $UEHLWVDEOlXIH QDFK GHU 5HLKHQIROJH LKUHU $EDUEHLWXQJ JHRUGQHW$XFKKLHUJHKWHVLPPHUXPGLH6RUWLHUXQJYRQ2EMHNWHQLQHLQH ULFKWLJH5HLKHQIROJH %HLP 6RUWLHUHQ YRQ 6WFNJWHUQ KLQJHJHQ JHKW HV LQ GHU 5HJHO QLFKW GDUXP EHLVSLHOVZHLVH DOOH $UWLNHO LQ GHU 5HLKHQIROJH DXIVWHLJHQGHU $UWL NHOQXPPHUQ RGHU HQWVSUHFKHQG LKUHV *HZLFKWHV ]X VRUWLHUHQ VRQGHUQ GDUXP DXV GHU XQJHRUGQHWHQ *HVDPWPHQJH HLQ]HOQH $UWLNHO QDFK EH



'HILQLWLRQHQ XQG5LFKWOLQLHQ



VWLPPWHQ .ULWHULHQ HLQGHXWLJHQ =LHOHQ ]X]XRUGQHQ XQG VLH DXI GLHVH =LHOH ]XYHUWHLOHQ 9RQGDKHUZlUHHLJHQWOLFKGHU%HJULIIGHVÄ9HUWHLOHQV³GHULQGHU/RJLV WLN JHPHLQWHQ )XQNWLRQDOLWlW JHPl‰HU 'HQQRFK KDEHQ VLFK LQ GHU7HFKQLN GLH %H]HLFKQXQJHQ Ä6RUWLHUHQ³ Ä6RUWLHUV\VWHPH³ Ä6RUWHU³ RGHU Ä6RUWLHU PDVFKLQH³HWDEOLHUWXQGZHUGHQLP$OOJHPHLQHQULFKWLJLQWHUSUHWLHUW(VLVW LQVJHVDPW IHVW]XVWHOOHQ GDVV GLH 'HILQLWLRQHQ XQG %H]HLFKQXQJHQ LQ GHP %HUHLFKGHU6RUWLHUXQG9HUWHLOV\VWHPH QLFKWGXUFKJlQJLJNRQVLVWHQWVLQG VR GDVV HV HLQ EHLOlXILJHV $QOLHJHQ GLHVHU $UEHLW LVW KLHU ]XU 9HUHLQKHLWOL FKXQJ EHL]XWUDJHQ 'HU 9HUHLQ 'HXWVFKHU ,QJHQLHXUH 9',  KDW LP /DXIH GHU -DKUH PHKUHUH 5LFKWOLQLHQ YHU|IIHQWOLFKW GLH VLFK GLUHNW RGHU LQGLUHNW PLWGHP6RUWLHUHQDXVHLQDQGHUVHW]HQXQGDXFKHUVWH'HILQLWLRQHQOLHIHUQ 'LH LP -XOL  HUVFKLHQHQH 9',5LFKWOLQLH  PLW GHP 7LWHO Ä=LHOVWHXHUXQJHQ IU 6WFNJXW DXI 6WHWLJI|UGHUHUQ ± 9HUWHLOHLQULFKWXQJHQ³ ZLGPHW VLFK GHQ $XVVFKOHXVHLQULFKWXQJHQ (V ZHUGHQ GLH ]X GLHVHU =HLW EHNDQQWHQ 0|JOLFKNHLWHQ GHU $XVVFKOHXVXQJ YRQ 6WFNJWHUQ YRQ 6WHWLJ I|UGHUHUQV\VWHPDWLVFK]XVDPPHQJHVWHOOWXQGMHZHLOVZLFKWLJH.HQQ]DKOHQ JHQDQQW +LHUEHL ZHUGHQ VRZRKO LQ GHU 3UD[LV UHDOLVLHUWH DOV DEHU DXFK LQ GHU(QWZLFNOXQJXQG3ODQXQJEHILQGOLFKH9HUIDKUHQJHQDQQW ,P 0DL  HUVFKLHQ GLH 9',5LFKWOLQLH  Ä6RUWLHUV\VWHPH IU 6WFNJXW³ +LHU HUIROJW HUVWPDOV HLQH V\VWHPWHFKQLVFKH %HWUDFKWXQJ PLW GHQ )XQNWLRQVEHUHLFKHQ 6\VWHPHLQJDEH 9RUEHUHLWXQJ ,GHQWLIL]LHUXQJ 9HUWHLOXQJXQG6\VWHPDXVJDEH:HLWHUKLQHUIROJWKLHUHUVWPDOLJHLQH'HIL QLWLRQGHU6RUWLHUXQJDXVWHFKQLVFKHU6LFKW Ä6WFNJXW6RUWLHUV\VWHPH VLQG $QODJHQ E]Z (LQULFKWXQJHQ ]XP ,GHQWL IL]LHUHQ YRQ LQ XQJHRUGQHWHU 5HLKHQIROJH DQNRPPHQGHP 6WFNJXW DXI JUXQG YRUJHJHEHQHU 8QWHUVFKHLGXQJVPHUNPDOH XQG ]XP 9HUWHLOHQ DXI =LHOH

GLH

QDFK

GHQ

MHZHLOLJHQ

(UIRUGHUQLVVHQ

IHVWJHOHJW

ZHUGHQ³

>9',6 @ :HLWHUKLQZLUGGLH3ODQXQJXQG3URMHNWLHUXQJYRQ6RUWLHUDQODJHQEHWUDFK WHWXQGLQHLQHP%HLVSLHOGHPRQVWULHUW  HUVFKLHQ GHU (QWZXUI HLQHU 5LFKWOLQLH PLW GHU JOHLFKHQ 1XPPHU 9',5LFKWOLQLH   ZLH  DEHU GHP 7LWHO Ä(LQ XQG $XVVFKOHXVXQ JHQ YRQ 6WFNJWHUQ ± hEHUVLFKW $XIEDX XQG $UEHLWVZHLVH³ GLH DEHU DQVFKHLQHQG QLH RIIL]LHOO HUVFKLHQ +LHU ZHUGHQ KDXSWVlFKOLFK $XV VFKOHXVPHFKDQLVPHQ YRUJHVWHOOW GLH ]XP 6RUWLHUHQ YHUZHQGHW ZHUGHQ RGHUYHUZHQGHWZHUGHQN|QQWHQ ,P-DQXDUZXUGHGLH9',5LFKWOLQLHPLWGHP7LWHOÄ6RUWLHUHQ LP /RJLVWLVFKHQ 3UR]HVV³ YHU|IIHQWOLFKW +LHU VWHKW LQVEHVRQGHUH GLH (LQ ELQGXQJLQORJLVWLVFKH*HVDPWV\VWHPHLP)RNXV7\SLVFKH(LQVDW]EHUHLFKH ZHUGHQ EHVFKULHEHQ XQG GLH 6RUWLHUV\VWHPH LQ GLHVH 3UR]HVVH HLQJHJOLH



(LQOHLWXQJ

GHUW ,Q GLHVHU 5LFKWOLQLH ZHUGHQ EHU GLH YRUKHU JHQDQQWHQ 5LFKWOLQLHQ KLQDXV GLH 6WHXHUXQJ XQG ,GHQWLIL]LHUXQJ EHWUDFKWHW VRZLH hEHUOHJXQJHQ ]XU 9HUIJEDUNHLW XQG GHQ RUJDQLVDWRULVFKHQ 5DKPHQEHGLQJXQJHQ DQJH VWHOOW

(LQVDW]JHELHWHIU6WFNJXWVRUWLHUV\VWHPH

'HU (LQVDW]EHUHLFK IU 6WFNJXWVRUWLHUV\VWHPH JHKW KHXWH ZHLW EHU GHQ 3RVWEHUHLFK

KLQDXV

)DVW

DOOH

3UR]HVVH

GHU

:DUHQHQWVWHKXQJ

XQG

YHUWHLOXQJ HUIRUGHUQ DQ GHQ XQWHUVFKLHGOLFKVWHQ 6WHOOHQ GHU :HUWVFK|S IXQJVNHWWHHLQH6RUWLHUXQJYRQ6WFNJWHUQ9RQGHU$XVVRUWLHUXQJVFKDG KDIWHU 6FKUDXEHQ ELV ]XU 6RUWLHUXQJ YRQ $EIDOOVWRIIHQ HUJLEW VLFK HLQH EUHLWH (LQVDW]SDOHWWH 'LH 9',5LFKWOLQLH  GLH VLFK PLW 6WDQGDUG VRUWLHUV\VWHPHQ LQ GHU /RJLVWLN EHVFKlIWLJW QHQQW GLH YLHU (LQVDW]EHUHLFKH 3URGXNWLRQVV\VWHP

'LVWULEXWLRQVV\VWHP

PLW

/DJHU

XQG

.RPPLV

VLRQLHUXQJ &URVV'RFNLQJ LP +DQGHO XQG GLH .(3'LHQVWH (UJlQ]HQG VLQG GHU *HSlFNXPVFKODJ LQ )OXJKlIHQ VRZLH GLH EHUHLWV REHQ JHQDQQWH %ULHIVRUWLHUXQJ ]X VHKHQ GLH LQ GHU 5LFKWOLQLH DOV 6SH]LDODQZHQGXQJHQ DXVJHNODPPHUWZXUGHQ>9',@

.(3'LHQVWH.XULHU([SUHVVXQG3DNHWGLHQVWH 

'LH VR JHQDQQWH .(3%UDQFKH JHK|UW ]X GHQ /HLVWXQJVWUHLEHUQ IU GLH 6RUWLHUV\VWHPH =X GLHVHU %UDQFKH JHK|UHQ GLH

.XULHUGLHQVWH GLH ([

SUHVVGLHQVWH XQG GLH 3DNHWGLHQVWH 2IWPDOV ZHUGHQ GLH YHUVFKLHGHQHQ 'LHQVWHDXFKYRQHLQHP8QWHUQHKPHQDQJHERWHQ

.XULHUGLHQVWH

'LH 3HUVRQ GHV .XULHUV WULWW DOV 1DPHQVJHEHU DXI 'LH HQWVFKHLGHQGHQ 0HUNPDOH ]XU $EJUHQ]XQJ GLHVHU 6HUYLFHDUW JHJHQEHU GHQ ([SUHVV XQG 3DNHWGLHQVWHQ VLQG GLH SHUPDQHQWH %HJOHLWXQJ YRQ 6HQGXQJHQ XQG GLH LQGLYLGXHOOH 7UDQVSRUWJHVWDOWXQJ +LHUPLW ZLUG HLQH EHVRQGHUH 6LFKHUKHLW LQ GHU 7UDQVSRUWNHWWH YHUEXQGHQ 1HEHQ GHU IU GLHVHV 6HJPHQW W\SLVFKHQ 9LHO]DKO YRQ (LQ]HOXQWHUQHKPHUQ ZHUGHQ 9HUPLWWOXQJV]HQWUDOHQ HLQEH]R JHQ GLH GLH $XIWUlJH DQ GLH DQJHVFKORVVHQHQ 8QWHUQHKPHQ ZHLWHUYHUPLW WHOQ3HUV|QOLFKEHJOHLWHWH 7UDQVSRUWHILQGHQVLFKVRZRKOLPQDWLRQDOHQDOV DXFK LP LQWHUQDWLRQDOHQ 9HUNHKU 'LH %DKQ ELHWHW EHLVSLHOVZHLVH HQWVSUH FKHQGH .XULHUGLHQVWH DQ LQGHP EHLVSLHOVZHLVH =XJEHJOHLWHU .XULHUVHQ GXQJHQDQQHKPHQEHJOHLWHQXQGZHLWHUJHEHQ



(LQVDW]JHELHWHIU6WFNJXWVRUWLHUV\VWHPH



([SUHVVGLHQVWH

=XP %HUHLFK GHU ([SUHVVGLHQVWH JHK|UHQ EHVFKOHXQLJWH 3DNHWYHUNHKUH PLW YHUELQGOLFKHQ =XVWHOO]HLWHQ GLH 6HQGXQJHQ LQ GHU 5HJHO EHU 8PVFKODJV ]HQWUHQ DQ LKU =LHO EHI|UGHUQ .HQQ]HLFKQHQG IU GLHVHQ %HUHLFK VLQG 6DPPHOWUDQVSRUWH ([SUHVVWUDQVSRUWH XQWHUVFKHLGHQ VLFK JUXQGVlW]OLFK GXUFKGLHIHVW]XJHVDJWHNXU]H4XHOOH=LHO/DXI]HLWYRQGHQVSHGLWLRQHOOHQ $QJHERWHQ 7\SLVFKH([SUHVVDQJHERWH LPGHXWVFKHQ.(30DUNWVLQGQHEHQGHQ LQ WHUQDWLRQDOHQ $QJHERWHQ GLH Ä2YHUQLJKW³ XQG Ä,QQLJKW7UDQVSRUWH³ ([ SUHVVGLHQVWOHLVWHU EHI|UGHUQ JHJHQEHU 3DNHWGLHQVWOHLVWHUQ JU|‰HUH 6WFN JWHUELVKLQ]X.RPSOHWWODGXQJHQ $QJHOHKQWDQGLH%H]HLFKQXQJHQGHU%ULHI]HQWUHQGHU3RVWKDWGLH)LUPD 9DQGHUODQGH ,QGXVWULHV DXI LKUHQ :HEVHLWHQ HLQH .ODVVLIL]LHUXQJ YRQ ([SUHVVYHUWHLO]HQWUHQ YRUJHQRPPHQ GLH HLQH hEHUVLFKW EHU GLH %DQG EUHLWHGHULQGHQ1HW]NQRWHQ]XEHKHUUVFKHQGHQ*XWVWU|PHQJLEW>9DQ@

6

>6HQGXQJHQ6WXQGH@

0

ELV>6HQGXQJHQ6WXQGH@

/

ELV>6HQGXQJHQ6WXQGH@

;/

ELV>6HQGXQJHQ6WXQGH@

;;/!>6HQGXQJHQ6WXQGH@

(V ZLUG HUVLFKWOLFK GDVV LQ GHU 3UD[LV HLQH JUR‰H %DQGEUHLWH YRQ 6RUWLHU OHLVWXQJHQ EHQ|WLJW ZLUG GLH GXUFK HQWVSUHFKHQGH 6\VWHPH LQ YHUVFKLHGH QHQ/HLVWXQJVEHUHLFKHQHUIOOWZHUGHQPVVHQ

3DNHWGLHQVWH

6LJQLILNDQWHV 0HUNPDO GHU 3DNHWGLHQVWH LVW GLH VLFK KlXILJ DXV GHP 6WUD ‰HQ XQG 6FKLHQHQYHUNHKU HUJHEHQGH /DXI]HLW QDWLRQDO EHUZLHJHQG DP IROJHQGHQ :HUNWDJ  3DNHWGLHQVWH VLQG 6\VWHPGLHQVWOHLVWHU GLH GXUFK HLQH DXVJHSUlJWH 6WDQGDUGLVLHUXQJ GLH JHQHUHOO DXI GDV YRP MHZHLOLJHQ $QELH WHU EHQXW]WH 6\VWHP ]XJHVFKQLWWHQ LVW GLH VFKQHOOH %HI|UGHUXQJ VLFKHUVWHO OHQ (V H[LVWLHUW HEHQVR HLQH 9LHO]DKO ZHLWHUHU 'LIIHUHQ]LHUXQJVP|JOLFK NHLWHQ ]% QDFK VSH]LILVFKHQ =HLWIHQVWHUQ RGHU EHVRQGHUHQ %UDQFKHQ DEJHVWXIWH

$QJHERWH 

LQQHUKDOE

GHU

$QJHERWVSDOHWWH

GHU

.(3

'LHQVWOHLVWHU GLH VLFK ZHLWJHKHQG DXI GLH KLHU YHUZDQGWHQ $EJUHQ]XQJHQ ]XUFNIKUHQODVVHQ 1HEHQ GHU 3RVW GKO  VLQG 8QLWHG 3DUFHO 6HUYLFH 836  *HUPDQ 3DUFHO *3  RGHU GHU 'HXWVFKH 3DNHW 'LHQVW '3'  W\SLVFKH 8QWHUQHKPHQ GLHVHU



(LQOHLWXQJ

%UDQFKH $P %HLVSLHO GHV '3' NDQQ GHU W\SLVFKH $EODXI XQG 0DWHULDO IOXVVIUGLHVH%UDQFKHDXIJH]HLJWZHUGHQV$EE  'LH 3DNHWH ZHUGHQ LQ GHU 5HJHO ]ZLVFKHQ  8KU XQG  8KU EHL GHQ .XQGHQ DEJHKROW XQG DQVFKOLH‰HQG LQ GHQ 9HUVDQGGHSRWV YRQ  8KU ELV  8KU VRUWLHUW 3UR]HQW GHU 3DNHWH ZHUGHQ GLUHNW LQ GLH (PSIDQJVGH SRWVJHVHQGHW3UR]HQWZHUGHQQDFKWV]ZLVFKHQ8KUXQG8KULPVR JHQDQQWHQ +8% QRFKPDOV VRUWLHUW ,Q GHQ (LQJDQJVGHSRWV ZHUGHQ GLH 3DNHWH GDQQ ]ZLVFKHQ  8KU XQG  8KU DXI GLH MHZHLOLJHQ =XVWHOOWRXUHQ YHUWHLOW XQG JHKHQ GDQDFK LQ GLH =XVWHOOXQJ 'LH 3DNHWH HUUHLFKHQ GHQ (PSIlQJHULQGHU5HJHO]ZLVFKHQ8KUXQG8KU

$EE%HLVSLHOKDIWHU%HWULHEVDEODXIEHLHLQHP3DNHWGLHQVW

'HU 'HXWVFKH 3DNHW 'LHQVW '3'  EHWUHLEW  'HSRWV XQG  +XEV 7lJ OLFKZHUGHQELV0LR3DNHWHXPJHVFKODJHQXQGDXI)DKU]HXJH VRUWLHUW ,Q 'HXWVFKODQG VLQG  'HSRWV   DXWRPDWLVLHUW '3' LVW DXI NHLQH EHVWLPPWH 6RUWLHUWHFKQLN IHVWJHOHJW VRQGHUQ ZlKOW VHLQ 6\VWHP VWDQGRUWDEKlQJLJDXV>%RK@ 'LH6RUWLHUOHLVWXQJHQVLQG DEKlQJLJYRP=HLWIHQVWHU,QHLQHP9HUVDQG GHSRWLVWGLHHUIRUGHUOLFKH/HLVWXQJPLWELV3DNHWHQSUR6WXQGH JHULQJ ,Q HLQHP +XE RGHU HLQHP (PSIDQJVGHSRW LVW VLH PLW  3DNH WHQ SUR 6WXQGH VHKU KRFK 'D GLH 9HUVDQG XQG (PSIDQJVGHSRWV LGHQWLVFK VLQGZLUGDXFKGRUWLQGHU5HJHO6RUWLHUWHFKQLNKRKHU/HLVWXQJHLQJHVHW]W 'DV 6RUWLHUJXW LVW LP 3DNHWPDUNW GXUFK *HZLFKWV /lQJHQ XQG *XUW PD‰DQJDEHQ GHILQLHUW ,Q 'HXWVFKODQG JLOW PD[  NJ *HZLFKW PD[



(LQVDW]JHELHWHIU6WFNJXWVRUWLHUV\VWHPH





 P /lQJH XQG PD[ P *XUWPD‰  %HLP '3' LVW GDV 6RUWLHUJXW KHWH URJHQ   VLQG .DUWRQDJHQ LP REHQ JHQDQQWHQ %HUHLFK  VLQG 5HL IHQ5ROOHQ(LPHU%OHFKWHLOH/HLWHUQ%HXWHO6lFNHHWF'LHVH*WHUQRQ FRQYH\DEOH VLQGLQGHU5HJHOQLFKWDXWRPDWLVFKVRUWLHUEDUVRGDVVSDUDOOHO QRFK HLQH PDQXHOOH 6RUWLHUWHFKQLN HLQ]XVHW]HQ LVW 'LH %HWUHLEHU LP .(3 %HUHLFK ZHUGHQ EHL 1HXLQYHVWLWLRQHQ GLH 6RUWLHUV\VWHPH XQG +HUVWHOOHU DXVZlKOHQ GLH GHQ $QWHLO DQ QLFKW I|UGHUIlKLJHQ *WHUQ P|JOLFKVW JHULQJ KDOWHQ 'DKHU LVW HV HLQ 7UHQG EHL GHU (QWZLFNOXQJ YRQ 6RUWLHUDQODJHQ GLHVH IU GHQ 7UDQVSRUW XQG GLH 6RUWLHUXQJ HLQHU JUR‰HQ %DQGEUHLWH XQWHU VFKLHGOLFKHU*WHU]XRSWLPLHUHQ>%RK6@

$EE7\SLVFKHU6RUWHUIUGHQ.(3%HUHLFK %LOGTXHOOHQ9DQGHUODQGH

'HQ $QIRUGHUXQJHQ HQWVSUHFKHQG ZHUGHQ LQ 8PVFKODJVSXQNWHQ GHU .(3 'LHQVWHZHLWHVWJHKHQG6RUWHULQ/LQLHQVWUXNWXUV$EVFKQ HLQJHVHW]W GD GLH $Q]DKO GHU =LHOUHODWLRQHQ EHUVFKDXEDU ELV NOHLQ LVW XQG GLH (QG VWHOOHQGHQ5HODWLRQHQIHVW]XJHRUGQHWZHUGHQN|QQHQ

/RJLVWLN]HQWUHQ

/RJLVWLN]HQWUHQ VLQG QHEHQ %DKQK|IHQ )OXJKlIHQ %LQQHQ XQG 6HHKlIHQ VRZLH *WHUYHUNHKUV]HQWUHQ DOV .QRWHQ LQQHUKDOE HLQHV ORJLVWLVFKHQ 1HW] ZHUNHV DXI]XIDVVHQ XQG LQWHJULHUHQ YHUVFKLHGHQH ORJLVWLVFKH )XQNWLRQHQ ZLH :DUHQDQQDKPH %HDUEHLWXQJ /DJHUQ .RPPLVVLRQLHUHQ 6RUWLHUHQ 9HUSDFNHQ XQG 9HUVDQG %HLVSLHOH IU /RJLVWLN]HQWUHQ VLQG 'LVWULEXWLRQV ]HQWUXP 9HUVDQG]HQWUXP =HQWUDOODJHU :DUHQYHUWHLO]HQWUXP 8PVFKODJ ]HQWUXPHWF



*XUWPD‰8PIDQJ SOXV/lQJH



(LQOHLWXQJ

%HWUHLEHUGHU/RJLVWLN]HQWUHQVLQG8QWHUQHKPHQGHU,QGXVWULHGHV+DQ GHOV XQG GHU 'LHQVWOHLVWXQJVEUDQFKH RGHU ,QYHVWRUHQJUXSSHQ GLH VROFKH =HQWUHQ IU GLHVH 8QWHUQHKPHQ EHWUHLEHQ 'LH %HWUHLEHU HUKRIIHQ VLFK 9RUWHLOHGXUFK%QGHOXQJVHIIHNWHLQVEHVRQGHUHLQGHQ%HUHLFKHQ%HVFKDI IXQJ:DUHQDQQDKPH%HVWDQG7HFKQLNHLQVDW]XQG'LVWULEXWLRQ 'XUFK GLHVH %QGHOXQJ HQWVWHKHQ YLHOH $XIWUlJH PHKU DOV  $XI WUlJH SUR 7DJ  PLW ZHQLJHQ 3RVLWLRQHQ ]ZHL ELV IQI 3RVLWLRQHQ SUR $XI WUDJ  XQG NOHLQHQ (QWQDKPHPHQJHQ ZHQLJHU DOV ]HKQ $UWLNHO SUR (QWQDK PH  DXV HLQHP EUHLWHQ 6RUWLPHQW PHKU DOV  $UWLNHO  'DKHU ELHWHW VLFKLQ/RJLVWLN]HQWUHQKlXILJGLH]ZHLVWXILJH.RPPLVVLRQLHUXQJDQ ,Q GHU HUVWHQ .RPPLVVLRQLHUVWXIH ZHUGHQ GLH $UWLNHO IU PHKUHUH $XI WUlJH ]X HLQHP %DWFK RGHU HLQHU 6HULH ]XVDPPHQJHIDVVW XQG DUWLNHOEH]R JHQ HQWQRPPHQ ,Q GHU ]ZHLWHQ 6WXIH ZHUGHQ GLHVH $UWLNHO GDQQ DXIWUDJV EH]RJHQ VRUWLHUW $QKDQG $EE  NDQQ PDQ VLFK GHQ SULQ]LSLHOOHQ $EODXI LQ HLQHP /R JLVWLN]HQWUXPYRUVWHOOHQ

$EE$EOlXIHLQHLQHP/RJLVWLN]HQWUXP

'LH DQJHOLHIHUWHQ :DUHQ ZHUGHQ QDFK GHU :DUHQHLQJDQJVEHDUEHLWXQJ HLQHP /DJHUEHUHLFK ]XJHRUGQHW (LQ ZHLWHUHU 6RUWLHUSUR]HVV ILQGHW EHL GHU $XVODJHUXQJ ]XU .RPPLVVLRQLHUXQJ VWDWW VRIHUQ GLH *WHU YHUVFKLHGHQHQ .RPPLVVLRQLHUEHUHLFKHQ]XJHRUGQHWZHUGHQN|QQHQ 'DV DXIZHQGLJVWH 6RUWLHUV\VWHP LP

/RJLVWLN]HQWUXP LVW GLH ]ZHLWH

.RPPLVVLRQLHUVWXIH 'LHVHV LVW PLW HLQHP RGHU PHKUHUHQ .RPPLVVLRQLHU EHUHLFKHQGLHHQWZHGHUQDFKGHP3ULQ]LS:DUH]XP0DQQRGHU0DQQ]XU :DUH RUJDQLVLHUW VLQG YHUEXQGHQ ,Q GHU 5HJHO ZHUGHQ GDV .RPPLVVLR QLHUXQGGDV6RUWLHUV\VWHPGXUFKHLQHQ3XIIHUYRQHLQDQGHUHQWNRSSHOW (LQ JHQJHQG JUR‰HU 3XIIHU GHU ]XGHP ZlKUHQG GHV 6RUWLHUODXIHV VWHWV JHQJHQG 6WFNJWHU EHUHLWKlOW XP GDV 6RUWLHUV\VWHP VR ]X YHUVRUJHQ GDVV HV VHLQH PD[LPDOH /HLVWXQJ HUEULQJHQ NDQQ EHVFKUlQNW GHQ (LQIOXVV



(LQVDW]JHELHWHIU6WFNJXWVRUWLHUV\VWHPH



GHUHUVWHQ.RPPLVVLRQLHUVWXIHOHGLJOLFKDXIGLH5HLKHQIROJHGHU6RUWLHUJ WHU (LQ NOHLQHU RGHU IHKOHQGHU 3XIIHU YHUXUVDFKW YRQ =HLW ]X =HLW HLQH 8QWHUEUHFKXQJ GHV *XWVWURPV EHU GLH (LQVFKOHXVXQJ DXI GLH 6RUWLHUVWUH FNHZDVGHUHQ'XUFKVDW]PLQGHUW 'LH $Q]DKO GHU .XQGHQDXIWUlJH LVW LQ GHU 5HJHO K|KHU DOV GLH =DKO GHU (QGVWHOOHQ LP 6RUWHU 'DKHU ZHUGHQ GLH (QGVWHOOHQ G\QDPLVFK YHUZDOWHW XQG LQ (FKW]HLW GHQ $XIWUlJHQ RGHU 6RUWLHU]LHOHQ ]XJHRUGQHW 6R LVW HV P|JOLFK GDVV VLFK EHUHLWV 6RUWLHUJWHU DXI GHP 6RUWHU EHILQGHQ GHQHQ QRFK NHLQH (QGVWHOOH ]XJHRUGQHW ZHUGHQ NRQQWH 'LHVH *WHU PVVHQ GLH 0|JOLFKNHLW KDEHQ ]XUFNJHIKUW ]X ZHUGHQ XQG QRFKPDOV EHU GLH 6RU 

WLHUXQJ ]X ODXIHQ 'LHVHQ 9RUJDQJ QHQQW PDQ DXFK UH]LUNXOLHUHQ  'DKHU ZHUGHQ KLHU KlXILJ 9HUWHLOI|UGHUHU LQ 5LQJVWUXNWXU V$EVFKQ   HLQJH VHW]W :HLWHUH (LQVDW]EHUHLFKH LQ /RJLVWLN]HQWUHQ VLQG GLH .RQVROLGLHUXQJ GLH9RUVRUWLHUXQJXQGGLH5HWRXUHQEHDUEHLWXQJ

)UDFKWNQRWHQ

)UDFKWNQRWHQ VLQG 6HHKlIHQ %DKQK|IH *WHUYHUNHKUV]HQWUHQ *9=  )OXJKlIHQXQGZHLWHUH.QRWHQSXQNHDQGHQHQVLFK9HUNHKUVWUlJHUWUHIIHQ )U GLH 6WFNJXWVRUWLHUXQJ VLQG GHU]HLW YRUQHKPOLFK )OXJKlIHQ YRQ ,QWH UHVVH 'LH HXURSlLVFKH /XIWIDKUWLQGXVWULH EHVWHKW DXV PHKU DOV  )OXJJHVHOO VFKDIWHQ 0LWJOLHGHU YRQ $&, (8523( $LUSRUWV &RXQFLO ,QWHUQDWLRQDO  XQGPHKUDOV)OXJKlIHQ'LH1DFKIUDJHQDFK)OXJUHLVHQLQ(XURSDKDW VLFKLQGHQ-DKUHQYRQELVYHUGUHLIDFKWXQGZLUGVLFKODXWDNWX HOOHQ6WXGLHQYRQELVYHUGRSSHOQ :HOWZHLW QXW]HQ PHKU DOV  0LOOLDUGHQ 0HQVFKHQ GLH 'LHQVWH GHU )OXJJHVHOOVFKDIWHQ IU 8UODXEV XQG *HVFKlIWVUHLVHQ )RUVFKXQJVHUJHEQLV VHGHXWHQGDUDXIKLQGDVVVLFKGLHVH=DKOELVDXIEHU0LOOLDUGHQ HUK|KHQ N|QQWH *HPHVVHQ DP :DUHQZHUW ZHUGHQ PHKU DOV  GHV :HOWKDQGHOVJXWHV SHU /XIWIUDFKW EHI|UGHUW >$&,@ $XV GHQ VWHWLJ VWHL JHQGHQ =DKOHQ UHVXOWLHUW HLQH VWHLJHQGH 1DFKIUDJH QDFK HQWVSUHFKHQGHQ *HSlFNI|UGHUXQGVRUWLHUDQODJHQ 'LHVH $QODJHQ VLQG VSH]LHOOHQ $QIRUGHUXQJHQ XQWHUZRUIHQ ]XP HLQHQ GHUKHWHURJHQHQXQGQLFKW SODQEDUHQ*XWVWUXNWXU]XP DQGHUHQGHQNXU]HQ =HLWUlXPHQ ]ZLVFKHQ (LQFKHFNHQ GHV )OXJJDVWHV ELV ]XP $EIOXJ RGHU EHLP7UDQVLW*OHLFK]HLWLJKDEHQGLH*HSlFNVWFNHWHLOZHLVHJUR‰H(QWIHU QXQJHQ ]XUFN]XOHJHQ XQG PVVHQ YHUVFKLHGHQH 6LFKHUKHLWVXQWHUVXFKXQ JHQ SDVVLHUHQ VR GDVV VLFK GLH ]XU 6RUWLHUXQJ YHUEOHLEHQGH =HLW QRFKPDOV



5H]LUNXODWLRQ0HKUIDFKHU8PODXIHLQHV6RUWLHUJXWHVDXIHLQHP6RUWHU



(LQOHLWXQJ

UHGX]LHUW %HL GHU 6RUWLHUXQJ LQ *HSlFNI|UGHUDQODJHQ NRPPW DOVR QRFK HLQH ZHVHQWOLFKH .RPSRQHQWH KLQ]X 'XUFK GLH UlXPOLFKH $XVGHKQXQJ GHV*HSlFNI|UGHUV\VWHPVVLQGWHLOZHLVHJUR‰H(QWIHUQXQJHQEHLVSLHOVZHL VH]XGHQYRUJHODJHUWHQ*HElXGHNRPSOH[HQDXIGHP9RUIHOG]XUFN]XOH JHQ +LHUGXUFK VLQG H[WUHP KRKH )|UGHUJHVFKZLQGLJNHLWHQ ELV ]X  PV QRWZHQGLJ GLH ]X VSH]LHOOHQ 6RUWLHUV\VWHPHQ IKUHQ 1HEHQ EHVRQGHUHQ .LSSVFKDOHQVRUWHUQ ZHUGHQ 6\VWHPH HLQJHVHW]W EHL GHQHQ GLH *HSlFNVW FNHLQVSH]LHOOHQ:DQQHQWUDQVSRUWLHUWXQGVRUWLHUWZHUGHQV$EE 

$EE*HSlFNI|UGHUDQODJHDP)OXJKDIHQ)UDQNIXUW4XHOOH)UDSRUW $* 

%HLVSLHOVZHLVH ZHUGHQ LP QHXHQ 7HUPLQDO  GHV 0QFKQHU )OXJKDIHQV VWQGOLFK ELV ]X  *HSlFNVWFNH EHU GLH LQVJHVDPW  .LORPHWHU ODQJH*HSlFNI|UGHUXQG±VRUWLHUDQODJHVRUWLHUW

,QGXVWULH

'LH (LQVDW]IlOOH LQ GHU ,QGXVWULH VLQG YLHOIlOWLJ LQ GHQ YHUVFKLHGHQVWHQ :HUWVFK|SIXQJVVWXIHQ ]X ILQGHQ ]XP %HLVSLHO GLH 6RUWLHUSXIIHU LQ GHU 3.:3URGXNWLRQ ZR GLH IHUWLJ ODFNLHUWHQ .DURVVHQ JHSXIIHUW HQWVSUH FKHQG GHP 3URGXNWLRQVSURJUDPP VRUWLHUW XQG DQVFKOLH‰HQG DXV GHU 0RQ WDJH DEJHUXIHQ ZHUGHQ +lXILJ VLQG GLH ]HLWOLFKHQ $QIRUGHUXQJHQ LP 9HU JOHLFK]XGHQDQGHUHQ(LQVDW]IHOGHUQHKHUJHULQJGDGLH$EOlXIHLQQHUKDOE



(LQVDW]JHELHWHIU6WFNJXWVRUWLHUV\VWHPH



GHV 3URGXNWLRQVV\VWHPV SODQEDU VLQG XQG GDKHU RIWPDOV PLW GHU 6WDQ GDUGI|UGHUWHFKQLNUHDOLVLHUWZHUGHQN|QQHQ ,Q GHU *HWUlQNHLQGXVWULH H[LVWLHUHQ EHLVSLHOVZHLVH UHODWLY KRKH $QIRUGH UXQJ EHL GHU 6RUWLHUXQJ YRQ /HHUJXW .lVWHQ XQG )ODVFKHQ +LHU ZXUGHQ EHVRQGHUH 6RUWLHUDQODJHQ HQWZLFNHOW GLH ]XPHLVW VSH]LHOO DXI GLH MHZHLOL JHQ 3URGXNWH DQJHSDVVW ZHUGHQ )U GLH .DVWHQVRUWLHUXQJ ZHUGHQ YRUZLH JHQG 3XVKHUV\VWHPH PLW /HLVWXQJHQ XP GLH  .lVWHQ SUR 6WXQGH HLQ JHVHW]W EHL GHU )ODVFKHQVRUWLHUXQJ KLQJHJHQ ZHUGHQ HEHQIDOOV PLW 3XVKHU V\VWHPHQ /HLVWXQJHQ YRQ ELV ]X  )ODVFKHQ SUR 6WXQGH HUUHLFKW 'D HV VLFK KLHU XP HLQHQ VHKU VSH]LHOOHQ 0DUNW KDQGHOW ZHUGHQ GLHVH 6RUWHU KLHUQLFKWZHLWHUEHWUDFKWHW

3RVWGLHQVWH

:LHHLQJDQJVEHUHLWVHUZlKQWLVWGLH%ULHIVRUWLHUXQJHLQ6SH]LDOIDOOGDDXI GHU HLQHQ 6HLWH QXU NOHLQH)RUPDWH XQG*HZLFKWH GLHVH GDIU DEHU DXI GHU DQGHUHQ 6HLWH LQ VHKU JUR‰HQ 6WFN]DKOHQ PLW HLQHU VHKU KRKHQ *HVFKZLQ GLJNHLWVRUWLHUWZHUGHQPVVHQ,Q'HXWVFKODQGNRQ]HQWULHUWVLFKGLH%ULHI VRUWLHUXQJEHLGHU3RVWDXIGLH%ULHI]HQWUHQLQIQI*U|‰HQNODVVHQ

E E E E E

=HQWUHQGHU*U|‰H6PLW±0LR6HQGXQJHQSUR7DJ =HQWUHQGHU*U|‰H0PLW±0LR6HQGXQJHQSUR7DJ =HQWUHQGHU*U|‰H/ PLW±0LR6HQGXQJHQSUR7DJ =HQWUHQGHU*U|‰H;/PLW±0LR6HQGXQJHQSUR7DJXQG =HQWUHQGHU*U|‰H;;/ PLW±0LR6HQGXQJHQSUR7DJ

$XFK GLH DQGHUHQ QDWLRQDOHQ 3RVWGLHQVWH HUULFKWHQ %ULHI]HQWUHQ PLW HLQHU HQWVSUHFKHQGKRKHQ$XWRPDWLVLHUXQJ 'D GHU 0DUNW EHJUHQ]W LVW VLQG KLHU DXFK QXU HLQLJH +HUVWHOOHU IU GLH KRFKNRPSOH[HQ %ULHIVRUWLHUV\VWHPH YHUWUHWHQ 'LH :HOWPDUNWIKUHU VLQG GLH)LUPHQ

E E E

1(&-DSDQ 6LHPHQV'HXWVFKODQG  6RO\VWLF)UDQNUHLFK 

%ULHIVRUWLHUV\VWHPH EHVWHKHQ DXV PHKUHUHQ (LQ]HOV\VWHPHQ V $EE   LQGHU5HJHODXV

E E E

)RUPDWWUHQQXQJ&XOOHU  $XIULFKWHQXQG$EVWHPSHOQ)DFHU&DQFHOHU  LQWHJULHUWHV/HVHQXQG9LGHRFRGLHUXQJ,59 



E

(LQOHLWXQJ

)HLQVRUWLHUPDVFKLQH)60  IU%ULHIHELV]XP%)RUPDW'LFNHPP*HZLFKWJ 

E

)ODFKEULHIVRUWLHUPDVFKLQH)ODWV6RUWLQJ6\VWHP  IU%ULHIHLP %)RUPDW'LFNHPP*HZLFKWJ XQG

E

0DLO ,QIRUPDWLRQ 6\VWHP 6RIWZDUH ]XU hEHUZDFKXQJ GHV 6RUWLHU]HQW UXPV

'DUEHUKLQDXVJLEWHVNRPSDNWH$QODJHQGLHDOOH.RPSRQHQWHQYHUHLQHQ

$EE0DWHULDOIOXVVLQHLQHP%ULHIVRUWLHU]HQWUXPQDFK>6LH@

,Q GHU 9RUYHUDUEHLWXQJ )RUPDWWUHQQXQJ $XIULFKWHQ XQG $EVWHPSHOQ  ZHUGHQ ELV ]X  6HQGXQJHQ SUR 6WXQGH ]XQlFKVW QDFK PDVFKLQHQ XQG QLFKWPDVFKLQHQIlKLJHQ 6HQGXQJHQ VRUWLHUW 6ROOWH HLQH $QVFKULIW QLFKW DXWRPDWLVFK LQWHUSUHWLHUW ZHUGHQ N|QQHQ ZLUG GLHVH ]XU PDQXHOOHQ (UIDVVXQJ DXVJHVFKOHXVW 'DQDFK ZHUGHQ GLH 6HQGXQJHQ DXI GHU /lQJV NDQWH LQ HLQH IU GLH /HVXQJ ULFKWLJH 2ULHQWLHUXQJ DXVJHULFKWHW (UNDQQWH %ULHIPDUNHQZHUGHQDXWRPDWLVFKDEJHVWHPSHOW ,QGHULQWHJULHUWHQ/HVHXQG9LGHRFRGLHUPDVFKLQHZHUGHQSUR6WXQGH $GUHVVHQJHOHVHQLQWHUSUHWLHUWXQGGLH=XVWHOOLQIRUPDWLRQHUPLWWHOW 'LHVH=XVWHOOLQIRUPDWLRQZLUGDOVIOXRUHV]LHUHQGHU%DUFRGHDXIGHQ%ULHI JHGUXFNW'LHPRGHUQHQ6\VWHPHN|QQHQQHEHQ'UXFNVFKULIWDXFKKDQGHU ]HXJWH%ORFNXQG6FKUHLEVFKULIWHUNHQQHQ1LFKWOHVEDUH$QVFKULIWHQ ZHUGHQEHUHLQHQ9LGHRFRGLHUSODW]SHU+DQGFRGLHUW ,Q GHQ )HLQVRUWLHUPDVFKLQHQ N|QQHQ GLH %ULHIH GDQQ QDFK 5LFKWXQJHQ 6WlGWHQ 3RVWIlFKHUQ 6WUD‰HQ RGHU +DXVQXPPHUQ ELV KLQ ]XU *DQJIROJH GHU =XVWHOOHU VRUWLHUW ZHUGHQ 'LH 0DVFKLQHQ HUUHLFKHQ HLQHQ 'XUFKVDW] YRQ  %ULHIHQ SUR 6WXQGH XQG KDEHQ ELV ]X  6RUWLHUIlFKHU >6LHF@ 8QWHU8PVWlQGHQHUIROJWGLH6RUWLHUXQJLQPHKUHUHQ6WXIHQYRQJUREELV IHLQ 7HLOZHLVH ZHUGHQ DXFK JOHLFKH DEHU XQWHUVFKLHGOLFK NRQILJXULHUWH 6RUWLHUPDVFKLQHQLQ.RPELQDWLRQYHUZHQGHW



(LQVDW]JHELHWHIU6WFNJXWVRUWLHUV\VWHPH



)U GLH 6RUWLHUXQJ YRQ *UR‰EULHIHQ HLQ LQ GHQ OHW]WHQ -DKUHQ ZDFKVHQ GHV $XINRPPHQ ZHUGHQ

*UR‰EULHIVRUWLHUPDVFKLQHQ HLQJHVHW]W 'LHVH

)66 )ODWV 6RUWLQJ 6\VWHPV  HUUHLFKHQ /HLVWXQJHQ YRQ ELV ]X  6HQ GXQJHQSUR6WXQGH'DVVRUWLHUEDUH6HQGXQJVVSHNWUXPUHLFKWYRQ3RVWNDU WHQ ELV KLQ ]X RIIHQHQ RGHU HLQJHVFKZHL‰WHQ 0DJD]LQHQ EHL *HZLFKWHQ ]ZLVFKHQ  XQG *UDPP XQG HLQHU (QGVWHOOHQDQ]DKO ]ZLVFKHQ XQG6RUWLHUIlFKHUQ>6LHE@

$EE)HLQVRUWLHUPDVFKLQH4XHOOH6LHPHQV

0XOWLIXQNWLRQVJHUlWH &RPSDFW /HWWHU 6RUWHU  VLQG NRPSDNWH .OHLQEULHI VRUWLHUDQODJHQ GLH DOOH )XQNWLRQHQ HLQHV 3RVWVRUWLHU]HQWUXPV LQ HLQHU 0DVFKLQH YHUHLQHQ 6LH HUUHLFKHQ 6RUWLHUOHLVWXQJHQ YRQ ELV ]X  %ULHIHQ SUR 6WXQGH EHL HLQHU (QGVWHOOHQDQ]DKO YRQ EHU  )lFKHUQ 'LH %ULHIH PLW HLQHP *HZLFKW YRQ ELV*UDPP ZHUGHQ PLW HLQHU *H VFKZLQGLJNHLWYRQ0HWHUQSUR6HNXQGHJHI|UGHUWZREHLGLH6WHXHUXQJ EHUHLQHQ3&HUIROJW>6LHD@ 'LHMQJVWHQ(QWZLFNOXQJHQVLQGVRJHQDQQWH0L[HG0DLO6RUWHU'LHVH 6RUWLHUV\VWHPH ZXUGHQ DOV Ä$OOURXQGHU³ IU HLQ XQG DXVJHKHQGH 3RVWVHQ GXQJHQ VRZRKO IU GLH +DXVSRVW DOV DXFK IU NOHLQH 3RVWGLHQVWOHLVWHU NRQ ]LSLHUW 'HU 0L[HG0DLO 6RUWHU ELHWHW GLH 0|JOLFKNHLW YHUVFKLHGHQVWH 6HQGXQJHQYRQ%ULHIHQXQG3RVWNDUWHQPLW$EPHVVXQJHQDE[PP ELVKLQ]X*UR‰EULHIHQPLW$EPHVVXQJHQELV]X[PPEHL'LFNHQ YRQ ELV PP  PP LP +DOEDXWRPDWLNPRGXV  XQG *HZLFKWHQELV ]X HLQ .LORJUDPP YROODXWRPDWLVFK ]X VRUWLHUHQ +LHUEHL ZHUGHQ 6RUWLHU OHLVWXQJHQYRQELV]X6WFNSUR6WXQGHHUUHLFKW>6LHF6@'LHVH 6RUWHU VLQG ZHQLJHU IU GLH 3RVWGLHQVWH DOV IU 3RVWVWHOOHQ YRQ *UR‰XQWHU QHKPHQ%DQNHQXQG9HUVLFKHUXQJHQDXVJHOHJW 'LH 3RVWVRUWLHUXQJ LVW VLFKHUOLFK HLQ LQWHUHVVDQWHV XQG LQQRYDWLYHV *H ELHW ZHJHQ GHU VSH]LHOOHQ 7HFKQLN XQG GHV HLQJHVFKUlQNWHQ (LQVDW]EHUHL



(LQOHLWXQJ

FKHV ZLUG DXI GLH %ULHIVRUWLHUV\VWHPH LQ GLHVHU $UEHLW QLFKW ZHLWHU HLQJH JDQJHQ

(LQVDW]XQG$XVZDKONULWHULHQIU6RUWLHUV\VWHPH

'HQ YHUVFKLHGHQHQ (LQVDW]EHUHLFKHQ VWHKW HLQH QRFK JU|‰HUH 9LHO]DKO DQ 6RUWLHUV\VWHPHQ JHJHQEHU =XU $XVZDKO XQG 3ODQXQJ E]Z 3URMHNWLHUXQJ HLQHV 6\VWHPV N|QQHQ XQG VROOWHQ XQWHUVFKLHGOLFKVWH .ULWHULHQ KHUDQJH]R JHQZHUGHQGLHLQ$EE]XVDPPHQJHIDVVWVLQG

$EE(LQVDW]XQG$XVZDKONULWHULHQIU6RUWLHUXQG 9HUWHLOV\VWHPH

'LH .ULWHULHQ ODVVHQ VLFK LQ V\VWHPVSH]LILVFKH JXWVSH]LILVFKH RUJDQLVDWR ULVFKH XQG EHUJUHLIHQGH .ULWHULHQ JUXSSLHUHQ GLH LP )ROJHQGHQ ZHLWHU VSH]LIL]LHUWZHUGHQ 6\VWHPVSH]LILVFKH.ULWHULHQ 'LH V\VWHPVSH]LILVFKHQ .ULWHULHQ HUJHEHQ VLFK PD‰JHEOLFK DXV GHP (LQVDW]EHUHLFKGHV6RUWLHUV\VWHPV

E

'LH HUIRUGHUOLFKH HIIHNWLYH 6RUWLHUOHLVWXQJ DOVR GLH SUR =HLWHLQKHLW ]X VRUWLHUHQGH $Q]DKO DQ *WHUQ LVW HLQH 6SLW]HQOHLVWXQJ GLH LQ GHU 5HJHO QLFKW EHU GHQ JHVDPWHQ 7DJ EHQ|WLJW ZLUG 0DQ ZLUG DOVR EHUSUIHQ REHVEHWULHEVWHFKQLVFKP|JOLFKLVWGLH6SLW]HQDXIHLQHQJU|‰HUHQ=HLW

(LQVDW]XQG$XVZDKONULWHULHQIU6RUWLHUV\VWHPH

DEVFKQLWW ]X JOlWWHQ XP VR GXUFK HLQH JHULQJHUH PD[LPDOH 6RUWLHUOHLV WXQJGHQ$XIZDQGXQGGLH.RVWHQIUGDV6\VWHP ]XUHGX]LHUHQ

E

'LH )|UGHUJHVFKZLQGLJNHLW GHV 9HUWHLOI|UGHUHUV LVW JHZLVVHUPD‰HQ HLQH 6HNXQGlUJU|‰H GLH PLW GHU 6RUWLHUOHLVWXQJ YHUEXQGHQ LVW 6LH HUODXEW DEHU $EVFKlW]XQJHQ GHU 'XUFKODXI]HLWHQ XQG GHU EHQ|WLJWHQ 3HULSKHULH ZLHEHLVSLHOVZHLVHJHHLJQHWHQ,GHQWLILNDWLRQVV\VWHPHQ

E

'LHQRWZHQGLJH/lQJHGHV9HUWHLOI|UGHUHUVLVWQHEHQGHU*HElXGHRGHU 6\VWHPWRSRORJLH YRQ GHU $Q]DKO GHU EHQ|WLJWHQ (QGVWHOOHQ DEKlQJLJ 'LH /lQJH KDW HUKHEOLFKH $XVZLUNXQJHQ QLFKW QXU DXI GLH .RVWHQ VRQ GHUQ DXFK DXI GLH 'XUFKODXI]HLWHQ XQG GLH 5H]LUNXODWLRQV]HLWHQ IDOOV *WHUNHLQHUIUHLHQ(QGVWHOOH]XJHRUGQHWZHUGHQNRQQWHQ

E

'LH (QGVWHOOHQ]DKO LVW YRQ GHU YHUZHQGHWHQ %HWULHEVVWUDWHJLH DEKlQJLJ %HL 6\VWHPHQ PLW HLQHU EHJUHQ]WHQ =DKO YRQ =LHOHQ ZLH EHLVSLHOVZHLVH LQ GHQ 9HUWHLO]HQWUHQ GHU .(3%UDQFKH LQ GHQHQ GLH *WHU HLQHP 7RU HLQHP /.: RGHU HLQHU 5HODWLRQ ]XJHRUGQHW ZHUGHQ ZLUG PDQ MHGHU (QGVWHOOH IHVW HLQ =LHO ]XRUGQHQ %HL GLHVHU 6WUDWHJLH LVW GLH $Q]DKO GHU (QGVWHOOHQ YRQ GHU 6RUWLHUWLHIH DOVR GHU 0HQJH GHU 6RUWLHU]LHOH DEKlQ JLJ %HL 9HUWHLOV\VWHPHQ LQ GHQHQ EHLVSLHOVZHLVH *WHU ZHFKVHOQGHQ .XQ GHQDXIWUlJHQ ]XJHRUGQHW ZHUGHQ ZLH LP 9HUVDQGKDQGHO XQG DQGHUHQ /RJLVWLN]HQWUHQ  ZLUG PDQ YRQ GHU )HVW]XRUGQXQJ DEZHLFKHQ XQG GLH (QGVWHOOHQ IU HLQH EHVWLPPWH =HLW EHVWLPPWHQ .XQGHQ RGHU $XIWUlJHQ ]XRUGQHQ 1DFK GLHVHP VR JHQDQQWHQ %DWFKODXI ZHUGHQ GLH (QGVWHOOHQ QHX]XJHRUGQHWXQGGHUQHXH6RUWLHUEDWFKEHJLQQW%HLGLHVHU%DWFKVWUD WHJLH V DXFK $EVFKQ   LVW GLH (QGVWHOOHQ]DKO YRQ GHU %DWFKJU|‰H RGHUXPJHNHKUWDEKlQJLJ

E

'LH =DKO GHU $XVVFKOHXVSRVLWLRQHQ NRUUHVSRQGLHUW QLFKW ]ZDQJVOlXILJ PLW GHU (QGVWHOOHQ]DKO 'XUFK HLQH EHLGVHLWLJH (QGVWHOOHQDQRUGQXQJ GXUFK LQWHJULHUWH :HLFKHQ RGHU GXUFK EHUHLQDQGHU OLHJHQGH (QGVWHOOHQ NDQQGLH=DKOGHU(QGVWHOOHQHLQ0HKUIDFKHVEHWUDJHQ'LH$XVVFKOHXV SRVLWLRQV]DKO KDW DEHU $XVZLUNXQJHQ DXI GLH /lQJH GHV 6RUWHUV XQG GD PLWDXIGLH$Q]DKOGHU$XVVFKOHXVHOHPHQWH

E

'LH (QGVWHOOHQDQRUGQXQJ KDW YHUVFKLHGHQH 'LPHQVLRQHQ (V VLQG ]XP HLQHQ OLQHDUH RGHU ULQJI|UPLJH $QRUGQXQJHQ HLQVHLWLJ RGHU EHLGVHLWLJ UHDOLVLHUEDU :HLWHUKLQ NDQQ DXFK HLQH ]XVlW]OLFK EHUHLQDQGHU OLHJHQGH (QGVWHOOHQDQRUGQXQJ LQ )UDJH NRPPHQ %HL ULQJI|UPLJ DXIJHEDXWHQ 6RUWHUQ LVW DX‰HUGHP GLH 0|JOLFKNHLW ]XSUIHQ HEHQIDOOV LQ GHQ .XU YHQDX‰HQEHUHLFKHQ(QGVWHOOHQDQ]XRUGQHQ

E

,PGLUHNWHQ=XVDPPHQKDQJPLWGHU$QRUGQXQJXQGGHP)OlFKHQEHGDUI VWHKW GLH 6SHLFKHUNDSD]LWlW GHU (QGVWHOOHQ 'LH .DSD]LWlW ZLUG MH QDFK (QGVWHOOH EHU GDV 9ROXPHQ RGHU GLH *UXQGIOlFKH GHILQLHUW =X JUR‰H



(LQOHLWXQJ

(QGVWHOOHQ HU]HXJHQ XQQ|WLJH .RVWHQ XQG )OlFKHQYHUVFKZHQGXQJ =X NOHLQH(QGVWHOOHQUHGX]LHUHQGLH/HLVWXQJXQGVW|UHQGHQ%HWULHEVDEODXI *XWVSH]LILVFKH.ULWHULHQ ,QVEHVRQGHUH EHL GHQ .XULHU ([SUHVV XQG 3DNHWGLHQVWHQ EHL GHQHQ GLH %DQGEUHLWH GHU WUDQVSRUWLHUWHQ *WHU KLQVLFKWOLFK YHUVFKLHGHQVWHU (LJHQ VFKDIWHQ HLQ ZHVHQWOLFKHU :HWWEHZHUEVIDNWRU LVW VSLHOHQ GLH JXWVSH]LIL VFKHQ .ULWHULHQ HLQH ZLFKWLJH 5ROOH )U GLH 6RUWHUDXVOHJXQJ LVW GDKHU MHZHLOV]ZLVFKHQHLQHUJUR‰HQ%DQGEUHLWHVRUWLHUIlKLJHU*WHUEHLK|KHUHQ .RVWHQXQGHLQHUQLHGULJHQ%DQGEUHLWHVRUWLHUIlKLJHU*WHUEHLQLHGULJHUHQ .RVWHQDE]XZlJHQ

E

'LH )RUP GHV *XWHV ZLUNW VLFK DXI GHVVHQ /DJHVWDELOLWlW DXV 4XDGHU I|UPLJH 3DFNVWFNH VLQG VHKU VWDELO ]\OLQGULVFKH NHJHOI|UPLJH XQG NX JHOLJH 3DFNVWFNH KLQJHJHQ VHKU XQVWDELO 6FKRQ JHULQJVWH 6W|UNUlIWH YHUlQGHUQ LKUH /DJH :HLWHUKLQ VLQG 6FKODXIHQ %lQGHU RGHU lKQOLFKH 'LQJHDP6RUWLHUJXW]XEHUFNVLFKWLJHQ

E

'LH$EPHVVXQJGHV*XWHVEH]LHKWVLFKDXIGLH0LQLPDXQG0D[LPDYRQ /lQJH%UHLWHXQG+|KHVRZLHDXIGDV*XUWPD‰'LH$EPHVVXQJHQZLU NHQ VLFK ]XP HLQHQ DXI GHQ 6RUWHU GLH (QGVWHOOHQ XQG GLH )|UGHUWHFK QLN]XPDQGHUHQDEHUDXFKDXIGHQ'XUFKVDW]DXV-HOlQJHUGLH]XVRU WLHUHQGHQ 6WFNJWHU GHVWR JU|‰HU GLH .XUYHQUDGLHQ GLH (QGVWHOOHQ EUHLWHQ XQG GHU EHOHJWH 3ODW] DXI GHP 6RUWHU %HL 6RUWHUQ PLW (LQ]HOSODW]EHOHJXQJ N|QQHQ GXUFK EHUODQJH *WHU PD[LPDO ]ZHL *XW DXIQDKPHQEHOHJWZHUGHQ 'LH PD[LPDOH *XWK|KH ZLUNW VLFK ]XVlW]OLFK DXI GLH /HVHHLQULFKWXQJHQ LQVEHVRQGHUH GLH 6FDQQHU DXV GD GHU /HVHDEVWDQG EHL QLHGULJHQ *WHUQ HQWVSUHFKHQG ZlFKVW *OHLFKVDP LVW EHL GHU 9HUWLNDOHLQVFKOHXVXQJ GLH )DOOK|KH YRQ GHU PD[LPDOHQ *XWK|KH DEKlQJLJ 'LH %UHLWH GHU *WHU ZLUNW VLFK DXI GLH %DKQEUHLWH GHU 6RUWHU XQG GHU )|UGHUWHFKQLN DXV XQG DXFKGLH(QGVWHOOHQEUHLWHZLUGMHQDFK$XVVFKOHXVWHFKQLNKLHUYRQEHHLQ IOXVVW$EHUDXFKGLHPLQLPDOHQ$EPHVVXQJHQVSLHOHQHLQHPD‰JHEOLFKH 5ROOH $XI 5ROOHQI|UGHUHUQ EHLVSLHOVZHLVH PXVV GLH 0LQGHVWOlQJH JU| ‰HUDOVGHUGRSSHOWH5ROOHQDEVWDQGVHLQ DQVRQVWHQLVWGDV*XWQLFKWI|U GHUIlKLJ

E

'LH )HVWLJNHLW GHV *XWHV KDW LQ ]ZHLHUOHL +LQVLFKW $XVZLUNXQJHQ )U GHQ 6RUWHU VSLHOW GLH )RUPKDOWLJNHLW XQG 6WDELOLWlW EHL .UDIWHLQZLUNXQJ HLQH ZHVHQWOLFKH 5ROOH (LQLJH 6RUWLHU XQG )|UGHUWHFKQLNHQ VLQG ] % IUELHJHZHLFKHIRUPODELOH*WHUZHQLJRGHUJDUQLFKWJHHLJQHW )U GDV *XW KLQJHJHQ LVW GLH VRUWHUVSH]LILVFKH %HODVWXQJ GXUFK 6W|‰H %HVFKOHXQLJXQJHQ XQG 'UXFNNUlIWH GRPLQLHUHQG :DFKVHQGH )|UGHUJH VFKZLQGLJNHLWHQ XQG 6RUWLHUOHLVWXQJHQ EHGLQJHQ ZDFKVHQGH *XWEHDQ VSUXFKXQJHQ GXUFK YHUVFKLHGHQVWH

.UlIWH XQG 6W|‰H 9HUWLNDOHLQ

(LQVDW]XQG$XVZDKONULWHULHQIU6RUWLHUV\VWHPH

VFKOHXV RGHU DXVVFKOHXVV\VWHPH EHGLQJHQ ]% HLQHQ IUHLHQ )DOO GHU 6RUWLHUJWHUDXIGHQ6RUWHURGHULQGLH(QGVWHOOH+LHUVLQGVWR‰HPSILQG OLFKH*WHUQLFKWJHHLJQHW

E

'DV

*HZLFKW GHU *WHU EHHLQIOXVVW ZHVHQWOLFK GLH HLQVHW]EDUHQ $XV

VFKOHXVWHFKQLNHQ :HJHQ GHU LPPHU NU]HU ZHUGHQGHQ $XVVFKOHXV]HL WHQ WUHWHQ KRKH %HVFKOHXQLJXQJHQ TXHU ]XU %HZHJXQJVULFKWXQJ DXI GLH PLW ]XQHKPHQGHP *XWJHZLFKW XQG HQWVSUHFKHQGHQ +DIWUHLEXQJVNUlIWHQ ]X VWDUN DQZDFKVHQGHQ $XVVFKOHXVNUlIWHQ IKUHQ N|QQHQ +LHU ELOGHW GDV *HZLFKW VFKQHOO GLH SK\VLNDOLVFKH *UHQ]H IU EHVWLPPWH 7HFKQROR JLHQ $EHU DXFK GDV 0LQGHVWJHZLFKW VSLHOW HLQH 5ROOH XP GDV $EKHEHQ EHLP )|UGHUQ RGHU ]X KRKH *HVFKZLQGLJNHLWHQ EHLP $XVVFKOHXVHQ ]X YHUPHLGHQ

E

'LH 6FKZHUSXQNWODJH KlQJW ]ZDU DXFK YRQ GHU $XVULFKWXQJ GHU *WHU DEVSLHOWDEHUIUGLH.LSSVWDELOLWlWHLQHZLFKWLJH5ROOH'LHVHPXVVEHL VFKQHOO ODXIHQGHQ 6RUWHUQ XQG HQJHQ .XUYHQUDGLHQ VRZLH EHLP $XV VFKOHXVHQIUHLQHVLFKHUH)XQNWLRQJHZlKUOHLVWHWEOHLEHQ(VVLQGVWDEL OH XQG ODELOH 6FKZHUSXQNWODJHQ ]X XQWHUVFKHLGHQ 6R LVW HLQH P|JOLFKVW QLHGULJHXQG GDPLWVWDELOH6FKZHUSXQNWODJHSULQ]LSLHOOJQVWLJHU

E

'DV5HLEYHUKDOWHQVSLHOWIUYLHOH)XQNWLRQHQGHV6RUWLHUHQVHLQH 5ROOH %HLP 7UDQVSRUW ZLUG HLQ KRKHU 5HLEZHUW JHZQVFKW XP GDV *XW EHL G\QDPLVFKHQ %HDQVSUXFKXQJHQ VLFKHU DXI VHLQHU 3RVLWLRQ ]X KDOWHQ %HLP $XVVFKOHXVHQGDUIGHU5HLEZHUWQLFKW]XKRFKVHLQXP HLQVFKQHO OHV$XVVFKOHXVHQXQGVLFKHUHV%HZHJHQLQQHUKDOEYRQ(QGVWHOOHQLQVEH VRQGHUH PLW 5XWVFKHQ ]X JHZlKUOHLVWHQ 9HUVFKLHGHQH 8QWHUVXFKXQJHQ >*O@ >%|F@ >6FK@ >6FK@ EHOHJHQ HLQH KRKH %DQGEUHLWH GHU 5HLEHLJHQVFKDIWHQ XQG GHU 5HLEEHLZHUWH GLH EHL HLQLJHQ .XQVWVWRIIHQ GXUFK$GKlVLRQVRJDUEHUGHP:HUWÄHLQV³OLHJHQN|QQHQ

2UJDQLVDWRULVFKH.ULWHULHQ $XV GHU 2UJDQLVDWLRQ XQG %HWULHEVVWUDWHJLH GHV 6RUWLHUSUR]HVVHV HQWVWHKHQ ZHLWHUH.ULWHULHQ

E



'LH %HWULHEVDUW RE 'XUFKODXI RGHU %DWFKEHWULHE  KDW HQWVFKHLGHQGHQ (LQIOXVV DXI GDV /D\RXW :HLWHUKLQ HUJHEHQ VLFK DXV GHU %DWFKVWUDWHJLH ZHLWHUH5FNZLUNXQJHQDXIGHQ6RUWHUZLHHWZDDXI GLH(QGVWHOOHQ]DKO XQGGHUHQ$XVIKUXQJ

E

'LH$UWGHU=XIKUXQJEH]LHKWVLFKLP :HVHQWOLFKHQDXIGLH4XHOOHXQG GLH )UDJH LQZLHZHLW GDV $XIWUDJVVSHNWUXP EHHLQIOXVVEDU LVW :LUG GLH =XIKUXQJ DXV HLQHP YRUJHODJHUWHQ .RPPLVVLRQLHUV\VWHP EHGLHQW HU JHEHQ VLFK MH QDFK ]ZLVFKHQJHVFKDOWHWHU 3XIIHUJU|‰H :HFKVHOZLUNXQ



%DWFKEHWULHE %HDUEHLWXQJGHU$XIWUlJHLQ$XIWUDJVVWDSHOQ%DWFKHQJ6WDSHO 



(LQOHLWXQJ

JHQZREHLGLH2SWLPLHUXQJGHV.RPPLVVLRQLHUV\VWHPVPHLVWYRQEHU JHRUGQHWHU %HGHXWXQJ LVW VR GDVV GLH 6RUWLHUXQJ DXI GLHVH 3UlPLVVHQ DQ]XSDVVHQLVW

E

'LH 2UJDQLVDWLRQ XQG GHU 3HUVRQDOHLQVDW] EHL GHU (QGVWHOOHQHQWOHHUXQJ KDEHQ HLQH HQWVFKHLGHQGH %HGHXWXQJ IU GDV 6\VWHP %HVRQGHUV EHLP %DWFKEHWULHE KDW GLH =HLW ELV HLQH (QGVWHOOH IU GHQ QlFKVWHQ $XIWUDJ JHOHHUW ZXUGH HLQHQ GHXWOLFKHQ (LQIOXVV DXI GLH 6RUWLHUOHLVWXQJ ,QVEH VRQGHUH EHL 6WUDWHJLHQ GLH GHQ %DWFKVWDUW HUVW YRUVHKHQ VREDOG DOOH (QGVWHOOHQ IUHL JHUlXPW ZXUGHQ ZLUNHQ VLFK ODQJH (QWOHHUXQJV]HLWHQ GXUFKIHKOHQGHVRGHUVFKOHFKWRUJDQLVLHUWHV3DFNSHUVRQDOVWDUNDXV

hEHUJUHLIHQGH.ULWHULHQ 6FKOLH‰OLFK YHUEOHLEHQ HLQLJH EHUJUHLIHQGH XQG QLFKW PLQGHU ZLFKWLJH .ULWHULHQIUGLH6RUWLHUV\VWHPDXVZDKO

E

'HU )OlFKHQEHGDUI HUJLEW VLFK DXV GHP )OlFKHQYHUEUDXFK GHU HLQ]HOQHQ )XQNWLRQVEHUHLFKHJHPl‰$EE+LHUEHLVLQGHEHQIDOOVXPVFKORVVHQH )OlFKHQEHLVSLHOVZHLVHEHLULQJI|UPLJHQ6RUWHUQ]XEHUFNVLFKWLJHQ(LQ .ULWHULXP IU GHQ )OlFKHQEHGDUI GHV 9HUWHLOI|UGHUHUV VLQG EHLVSLHOVZHL VH GLH PLQLPDOHQ .XUYHQUDGLHQ EHL UDXP XQG IOlFKHQJlQJLJHQ 6RUWLHU V\VWHPHQ

E

'LH HUIRUGHUOLFKH %DXK|KH NDQQ EHL UDXPJlQJLJHQ 6\VWHPHQ GXUFKDXV YDULLHUHQ +LHU LVW MHZHLOV GLH +|KH HLQVFKOLH‰OLFK GHU PD[LPDOHQ *XW K|KH ]X]JOLFK HLQHV 6LFKHUKHLWVDEVWDQGHV GHU PLQGHVWHQV 

PP

EHWUDJHQVROOWH]XEHUFNVLFKWLJHQ

E

'LH ,QYHVWLWLRQVNRVWHQ EHLQKDOWHQ GDV YROOVWlQGLJH PHFKDQLVFKH 6\VWHP PLW DOOHQ $QWULHEHQ HLQVFKOLH‰OLFK GHU 6WHXHUXQJV XQG ,GHQWLILNDWLRQV WHFKQLN

E

'LH%HWULHEVNRVWHQVLQGQDFKGHQHLQVFKOlJLJHQEHWULHEVZLUWVFKDIWOLFKHQ *UXQGVlW]HQ]XHUPLWWHOQ

E

'LH *HUlXVFKHPLVVLRQHQ VLQG ZHJHQ GHU XQPLWWHOEDUHQ ,QWHJUDWLRQ YRQ 3HUVRQDO LP 6RUWLHUV\VWHP HLQ HEHQIDOOV ZLFKWLJHV .ULWHULXP +LHU ZHU GHQ ]XQHKPHQG VWUHQJHUH 0D‰VWlEH GXUFK GHQ *HVHW]JHEHU DEHU DXFK GXUFKGHQ$QODJHQEHWUHLEHUJHVHW]W

E

'DV.ULWHULXPGHU(UZHLWHUXQJVIlKLJNHLWEH]LHKWVLFKDXIGLH$Q]DKOGHU (QGVWHOOHQ GHU (LQVFKOHXVEHUHLFKH ZLH DXFK DXI /LQLHQIKUXQJ XQG /lQJH GHV 9HUWHLOI|UGHUHUV +LHU LVW ]X EHWUDFKWHQ RE XQG PLW ZHOFKHP $XIZDQGGDVMHZHLOLJH6\VWHPHUZHLWHUEDULVW

E

'LH 5DXPJlQJLJNHLW HUVFKOLH‰W GLH 0|JOLFKNHLWHQ GHV 6RUWLHUV\VWHPV XQWHUVFKLHGOLFKH +|KHQ ]X QXW]HQ XP EHLVSLHOVZHLVH EHVRQGHUH (QG VWHOOHQ]XUHDOLVLHUHQRGHUEDXOLFKH+LQGHUQLVVH]XXPJHKHQ

$XIEDX YRQ6RUWLHUV\VWHPHQ

E



'LH 9HUIJEDUNHLW GHV 6RUWLHUV\VWHPV LVW HLQ NRPSOH[HV .ULWHULXP ZHOFKHVLQGHU:LUWVFKDIWELVKHXWHQRFKQLFKWHLQKHLWOLFKGHILQLHUWZLUG $X‰HUGHP UHLFKW HV QLFKW IU GLH ZLH DXFK LPPHU GHILQLHUWH %HWULHEV GDXHU IHVW]XOHJHQ ZHOFKHQ $QWHLO GLH $XVIDOO]HLW GDUDQ KDEHQ GDUI %HL HLQHU%HWULHEV]HLWYRQ6WXQGHQKDEHQ6W|UXQJHQPLWHLQHU0LQXWH 'DXHU VLFKHUOLFK ZHQLJHU $XVZLUNXQJHQ DOV HLQH ]ZDQ]LJPLQWLJH 6W| UXQJ

$XIEDXYRQ6RUWLHUV\VWHPHQ

'HU LQ $EE GDUJHVWHOOWH $XIEDX HLQHV 6RUWLHUV\VWHPV LVW JOHLFK]HLWLJ GHU 9HUVXFK HLQHU 'HILQLWLRQ XQG $EJUHQ]XQJ GHU %HJULIIH 'LH (OHPHQWH GHV 6RUWLHUV\VWHPV ZHUGHQ HQWZHGHU DXV WHFKQRORJLVFKHQ *UQGHQ RGHU DXV $VSHNWHQ GHU 6LFKWZHLVH WHFKQLNRULHQWLHUW DOOJHPHLQ «  LQ GLH GXQ NHOKLQWHUOHJWHQ2EHUEHJULIIH]XVDPPHQJHIDVVW'LHLQGHQ5DXWHQVWHKHQ GHQ=HLFKHQODVVHQGHQORJLVFKHQ$XIEDXHUNHQQHQ 'HU 9HUWHLOI|UGHUHU EHVWHKW DXV GHP )|UGHUPLWWHO GHQ *XWDXIQDKPHQ XQG GHQ 0HFKDQLVPHQ ]XU $XVVFKOHXVXQJ GHU 6RUWLHUJWHU 'HU 1DPH GHV 6RUWHUV HUJLEW VLFK HLQ]LJ DXV GHU *HVWDOWXQJ GHV 9HUWHLOI|UGHUHUV REZRKO ]XP 6RUWHU QHEHQ GHP 9HUWHLOI|UGHUHU QRFK GLH (LQVFKOHXVXQJ XQG GLH (QGVWHOOHQJHK|UHQ'LH$UWGHU(LQVFKOHXVXQJXQGGHU(QGVWHOOHQVLQGIU GLH%HQHQQXQJGHV6RUWHUVMHGRFKRKQH%HGHXWXQJXQGDXFK]XP*UR‰WHLO YRPYHUZHQGHWHQ9HUWHLOI|UGHUHUXQDEKlQJLJ6REHVWHKWHLQ.LSSVFKDOHQ VRUWHU]ZDULPPHUDXVHLQHP 9HUWHLOI|UGHUHUPLW.LSSVFKDOHQDEHUHVVLQG XQWHUVFKLHGOLFKH(LQVFKOHXVYHUIDKUHQXQG(QGVWHOOHQP|JOLFK :HJHQ GHU EHVRQGHUHQ %HGHXWXQJ XQG GHU YLHOIlOWLJHQ %DXIRUPHQ GHV 9HUWHLOI|UGHUHUV ZLUG HU LQ .DSLWHO  JHVRQGHUW XQWHUVXFKW XQG YRUJHVWHOOW 'LH (LQVFKOHXVXQJ XQG GLH (QGVWHOOHQ ZHUGHQ ]XYRU LP .DSLWHO  EHKDQ GHOWZHOFKHVVLFKPLWGHP $XIEDXGHU6RUWLHUDQODJHEHIDVVW 'LH 6RUWLHUDQODJH NDQQ DXV PHKUHUHQ 6RUWHUQ EHVWHKHQ (EHQVR N|QQHQ PHKUHUH DXFK XQWHUVFKLHGOLFKH 6RUWHU PLWHLQDQGHU JHNRSSHOW ZHUGHQ XQG VRHLQH6RUWLHUDQODJHELOGHQ 'LHLQGHU)DFKZHOWQLFKWGXUFKJlQJLJYHUZHQGHWH8QWHUVFKHLGXQJ]ZL VFKHQ 6RUWLHUV\VWHP XQG 6RUWLHUDQODJH LVW LQVEHVRQGHUH IU HLQH WHFKQLN RULHQWLHUWH %HWUDFKWXQJ VLQQYROO 6R XPIDVVW GHU $XIEDX HLQHU 6RUWLHUDQOD JH GHQ 0DVFKLQHQ XQG 6WDKOEDX GLH (OHNWURWHFKQLN PLW GHQ $QWULHEHQ XQG ZHLWHUHQ $NWRUHQ XQG 6HQVRUHQ VRZLH GLH ,GHQWLILNDWLRQVWHFKQLN V.DS 



(LQOHLWXQJ

$EE $XIEDXHLQHV6RUWLHUV\VWHPV

'DV6RUWLHUV\VWHPEHVWHKWGDUEHUKLQDXVDXVGHQ6\VWHPHOHPHQWHQ6WHXH UXQJ %HWULHEVVWUDWHJLH XQG 2UJDQLVDWLRQ 'LH LQ $EVFKQ  EHKDQGHOWHQ %HWULHEVVWUDWHJLHQ ZHUGHQ ]ZDU ]X HLQHP *UR‰WHLO LQ GHU 6WHXHUXQJ DEJH ELOGHW ILQGHQ DEHU DXFK LQ ZHLWHUHQ (OHPHQWHQ GHV 6RUWLHUV\VWHPV LKUHQ 1LHGHUVFKODJ ZLH EHLVSLHOVZHLVH GHU $EODXIRUJDQLVDWLRQ VR GDVV VLH DOV HLJHQVWlQGLJHV(OHPHQWHLQHV6RUWLHUV\VWHPVEHWUDFKWHWZHUGHQN|QQHQ

'LH6RUWLHUDQODJH

6RUWLHUDQODJHQ WHLOHQ VLFK LQ IQI YHUVFKLHGHQH )XQNWLRQVEHUHLFKH DXI GLH MHZHLOV YHUVFKLHGHQH )XQNWLRQHQ ]XVDPPHQIDVVHQ XQG LQ $EE  GDUJH VWHOOW VLQG ,P REHUHQ %HUHLFK EHILQGHW VLFK HLQH IXQNWLRQVRULHQWLHUWH 'DU VWHOOXQJLPXQWHUHQ%HUHLFKHLQHPDWHULDOIOXVVRULHQWLHUWH6NL]]H

$EE$XIEDXHLQHU6RUWLHUDQODJH

'LH ORJLVFKH 9HUELQGXQJ GHU %HUHLFKH HUIROJW EHU GLH 1XPPHULHUXQJ LP XQWHUHQ7HLOGLHPLWGHQ1XPPHUQGHU)XQNWLRQVEHUHLFKHXQG)XQNWLRQHQ NRUUHVSRQGLHUW'LHJHVWULFKHOWH/LQLHLPXQWHUHQ7HLO]HLJWGLH6FKQLWWVWHO



'LH6RUWLHUDQODJH

OHQ GHU 6RUWLHUDQODJH GLH PDWHULDOIOXVVWHFKQLVFK GXUFK GLH =X XQG $EI|U GHUXQJUHDOLVLHUWZHUGHQ 'HU JUDXH 3IHLO LP REHUHQ 7HLO GHU $EELOGXQJ V\PEROLVLHUW GHQ 0DWHUL DOIOXVV GXUFK GLH 6RUWLHUDQODJH GHU SULQ]LSLHOO LP XQWHUHQ 7HLO HEHQIDOOV YRQOLQNVQDFKUHFKWVYHUOlXIW 'HQQRFKKDQGHOWHVVLFK]XQlFKVWXPHLQHORJLVFKH$XIWHLOXQJLQ)XQN WLRQVEHUHLFKH XQG )XQNWLRQHQ -H QDFK 5HDOLVLHUXQJ XQG $QODJHQJU|‰H N|QQHQ GLH )XQNWLRQHQ |UWOLFK DQ HLQHU 6WHOOH RGHU DXFK LQ HLQHU DQGHUHQ 5HLKHQIROJH UHDOLVLHUW ZHUGHQ 7HLOZHLVH ZLUG GDV 6RUWLHUJXW ]% HUVW DXI GHP 6RUWHU LGHQWLIL]LHUW RGHU )XQNWLRQHQ ZLU GLH PDQXHOOH ,GHQWLIL]LHUXQJ RGHU GLH =XRUGQXQJ DXI YHUVFKLHGHQH 6RUWHU ZHUGHQ EHUKDXSW QLFKW UHDOL VLHUW 'HQQRFK VLQG GLH DXIJHIKUWHQ )XQNWLRQVEHUHLFKH JHQHUHOO IU DOOH 6RUWLHUDQODJHQ W\SLVFK XQG ZHUGHQ LP )ROJHQGHQ QlKHU XQWHUVXFKW XQG YRUJHVWHOOWVRZLHEHLVSLHOKDIWH/|VXQJHQIUGLH)XQNWLRQHQDXIJH]HLJW

=XI|UGHUXQJ

'LH =XI|UGHUXQJ VWHOOW GLH PDWHULDOIOXVVWHFKQLVFKH (LQJDQJVVFKQLWWVWHOOH ]XU 6RUWLHUDQODJH GDU XQG PXVV GLH XQWHUVFKLHGOLFKHQ &KDUDNWHULVWLND ]ZL VFKHQGHU$QODJHQWHFKQLNXQGGHUGDYRUEHILQGOLFKHQ0DWHULDOIOXVVWHFKQLN DQJOHLFKHQ 'LH =XI|UGHUXQJ HUIROJW HQWZHGHU ZHLWHVWJHKHQG NRQWLQXLHU OLFKGDQQLQ GHU5HJHOEHU6WHWLJI|UGHUHURGHUSXONI|UPLJEHU8QVWHWLJ I|UGHUHU

E

'LH VWHWLJH =XI|UGHUXQJ NDQQ JOHLFKJHVHW]W ZHUGHQ PLW HLQHU I|UGHU WHFKQLVFKHQ,QWHJUDWLRQGHV6RUWHUVLQHLQ*HVDPWV\VWHPEHLVSLHOVZHLVH DOV ]ZHLWH .RPPLVVLRQLHUVWXIH RGHU LQQHUKDOE YHUVFKDFKWHOWHU 6RUWHU LQ HLQHP JU|‰HUHQ 8PVFKODJVNQRWHQ 'LH 6RUWLHUJWHU JHODQJHQ EHUHLWV LQ HLQHU IHVWHQ 5HLKHQIROJH XQG )UHTXHQ] DXI GHP 6WHWLJI|UGHUHU LQ GDV 6\VWHP 'HU =XVWURP NDQQ DOOHUGLQJV PHQJHQPl‰LJ GXUFKDXV VFKZDQ NHQ XQG DXFK ]HLWZHLVH DXVVHW]HQ 'HQQRFK VROO KLHU YRQ HLQHU VWHWLJHQ =XIKUXQJJHVSURFKHQZHUGHQ

E

%HLGHUSXONI|UPLJHQ=XI|UGHUXQJHUIROJWLQGHU5HJHOHLQ:HFKVHOYRQ HLQHP 8QVWHWLJI|UGHUHU (QWZHGHU ZLUG HLQ /.: HQWODGHQ XQG GLH :D UHQZHUGHQGLUHNWDXIHLQ=XI|UGHUEDQGGHV6RUWHUVJHOHJWRGHU3DOHWWHQ %HKlOWHU RGHU 5ROOFRQWDLQHU ZHUGHQ PLW HLQHP 8QVWHWLJI|UGHUHU ]XP $XIJDEHEHUHLFKWUDQVSRUWLHUWXQGHLQ0LWDUEHLWHUOHJWGLH:DUHQ PDQXHOO DXIGHQ6RUWHURGHUGDV(LQVFKOHXVEDQG'LH5HLKHQIROJHGHU6RUWLHUJ WHU LVW KLHU QLFKW YRUJHJHEHQ XQG HUJLEW VLFK DXV GHU 6WDSHOXQJ DXI GHP /DGXQJVWUlJHUXQGGHQVSRQWDQHQ(QWVFKHLGXQJHQGHV0LWDUEHLWHUV



=XI|UGHUXQJ



7HLOZHLVHHUIROJWLP5DKPHQGHU=XI|UGHUXQJDXFKHLQHPDQXHOOH,GHQWLIL ]LHUXQJ GHU 6RUWLHUJWHU PLW DQVFKOLH‰HQGHU (U]HXJXQJ HLQHV PDVFKLQHQ OHVEDUHQ &RGHV GHU GDQQ ]XU ZHLWHUHQ ,GHQWLILNDWLRQ LP 6RUWLHUV\VWHP DP *XW DQJHEUDFKW ZLUG %HL GHU 3DNHWVRUWLHUXQJ EHLVSLHOVZHLVH ZHUGHQ HQW ZHGHU GLUHNW DP )|UGHUHU GLH $QVFKULIWIHOGHU GXUFK HQWVSUHFKHQGHV 3HUVR QDO JHOHVHQ XQG GLH VRUWLHUXQJVUHOHYDQWHQ ,QIRUPDWLRQHQ SHU 7DVWDWXU HLQ JHJHEHQ DOV (WLNHWW DXVJHGUXFNW XQG DXI GDV 3DNHW JHEUDFKW RGHU GLH $QVFKULIW ZLUG ZLH LQ $EE JH]HLJW EHU HLQ .DPHUDV\VWHP HUIDVVW RQOLQH DQ HLQHQ 7HOHFRGLQJ $UEHLWVSODW] EHUWUDJHQ GRUW DXVJHZHUWHW XQG DOV,QIRUPDWLRQ]XP%DUFRGHGUXFNEHUHLWJHVWHOOW

$EE$EODXIEHLP7HOHFRGLQJ %LOGTXHOOH9DQGHUODQGH

'HU %DUFRGH ZLUG GDQQ LP 'LUHNWGUXFN DXI GDV 6RUWLHUJXW EHUWUDJHQ 'LH =HLWHQEHLEHLGHQ9HUIDKUHQOLHJHQ]ZLVFKHQIQIXQG6HNXQGHQ'LHVH =HLWVSDQQHPXVVGHP6RUWLHUJXWYRUGHPQlFKVWHQ(QWVFKHLGXQJVSXQNW]XU 9HUIJXQJVWHKHQ :HLWHUH RSWLRQDOH )XQNWLRQHQ GHV =XI|UGHUEHUHLFKHV VLQG GDV :LHJHQ XQG 9HUPHVVHQ GHU 6WFNJWHU +LHU]X H[LVWLHUHQ DXWRPDWLVFKH 6\VWHPH ZHOFKH GLH $UWLNHO LP 'XUFKODXI ZLHJHQ XQG YHUPHVVHQ N|QQHQ 'LHVH ,QIRUPDWLRQHQZHUGHQ]XYHUVFKLHGHQHQ=ZHFNHQEHQ|WLJW

E

]XU=XRUGQXQJDXIÄVRUWLHUIlKLJ³XQGÄVRUWLHUXQIlKLJ³



E

'LH6RUWLHUDQODJH

]XU =XRUGQXQJ DXI 6RUWHU PLW XQWHUVFKLHGOLFKHQ *XWI|UGHUHLJHQVFKDIWHQ RGHU

E

]XU)DNWXULHUXQJ

(EHQVR NDQQ LQ (LQ]HOIlOOHQ HLQH $XIWHLOXQJ DXI YHUVFKLHGHQH 6RUWHU QRW ZHQGLJ VHLQ $XFK GLHVH =XRUGQXQJVIXQNWLRQ LVW HLQ %HVWDQGWHLO GHU =X I|UGHUEHUHLFKHV 'LH 5HDOLVLHUXQJ GLHVHU =XRUGQXQJ HUIROJW SULQ]LSLHOO PLW VSH]LHOOHQ 9HUWHLOI|UGHUHUQ YRQ GHU HLQIDFKHQ :HLFKH ELV KLQ ]X HLJHQ VWlQGLJHQ 6RUWHUQ 'LH ]XU =XRUGQXQJ YHUZHQGHWHQ .RPSRQHQWHQ ZHUGHQ LP.DSJHPHLQVDPPLWGHQ9HUWHLOI|UGHUHUQYRUJHVWHOOW

9RUEHUHLWXQJ

)U GLH DXWRPDWLVFKH ,GHQWLIL]LHUXQJ XQG $XVVFKOHXVXQJ GUIHQ GLH *WHU QLFKW QHEHQHLQDQGHU OLHJHQ XQG PVVHQ HLQHQ 0LQGHVWDEVWDQG ]XHLQDQGHU KDEHQ =XU VWDELOHQ )|UGHUXQJ XQG 2ULHQWLHUXQJ ZLUG GDV *XW LQ )|UGHU ULFKWXQJ DX‰HUGHP ]XQlFKVW OlQJV DXVJHULFKWHW (EHQVR PVVHQ GLH *WHU WHLOZHLVH LQ HLQHU GHILQLHUWHQ 2ULHQWLHUXQJ DXI GHQ 6RUWHU JHODQJHQ XP HLQHRSWLPDOH1XW]XQJGHU*XWDXIODJHIOlFKHQ]XHUP|JOLFKHQ =XU *HZlKUOHLVWXQJ HLQHU JHQJHQGHQ (LQVFKOHXVPHQJH XP GHQ 6RUWHU DXV]XODVWHQRGHUDEHUDXV/D\RXWJUQGHQ PVVHQJHJHEHQHQIDOOVHLQ]HOQH )|UGHUVWU|PH ]XVDPPHQJHIDVVW ZHUGHQ 'LH )XQNWLRQHQ =XVDPPHQIK UXQJ 9HUHLQ]HOXQJ XQG $XVULFKWXQJ VLQG LP )XQNWLRQVEHUHLFK GHU 9RUEH UHLWXQJ]XVDPPHQJHIDVVW

=XVDPPHQIKUXQJ

=XU =XVDPPHQIKUXQJ GLHQHQ SDUDOOHOH (LQVFKOHXVXQJHQ LQ )|UGHUULFK WXQJ RGHU EHL PHKU DOV ]ZHL ]X YHUHLQHQGHQ *XWVWU|PHQ NDPPDUWLJH =X VDPPHQIKUXQJHQ GLH PHLVW PLW HLQHP :LQNHO ]ZLVFKHQ  XQG  *UDG DXI HLQH +DXSWI|UGHUVWUHFNH HLQVFKOHXVHQ 'LH /|VXQJHQ ]XU =XVDPPHQ IKUXQJ ZHUGHQ LQ $EVFKQ  PLW GHQ WHFKQLVFK DQVSUXFKVYROOHUHQ (LQVFKOHXVXQJHQ EHKDQGHOW $XI GLH 6WHXHUXQJVSUREOHPDWLN PHKUHUHU SD UDOOHOHU(LQVFKOHXVXQJHQZLUGLQ$EVFKQGHWDLOOLHUWHUHLQJHJDQJHQ

9HUHLQ]HOXQJ

0HLVW EHGHXWHW GLH 9HUHLQ]HOXQJ HLQH 9HUJU|‰HUXQJ GHV *XWDEVWDQGHV 'LHVHU $EVWDQG ZLUG LP HLQIDFKVWHQ )DOO GDGXUFK KHUJHVWHOOW GDVV GLH * WHU YRQ HLQHP ODQJVDP DXI HLQHQ VFKQHOO ODXIHQGHQ 6WHWLJI|UGHUHU EHUJH

9RUEHUHLWXQJ



EHQZHUGHQ'DVMHZHLOVYRUGHUH*XWGHV7HLOHVWURPVZLUGEHLPhEHUJDQJ JHJHQEHU GHQ GDKLQWHU OLHJHQGHQ *WHUQ EHVFKOHXQLJW ZRGXUFK VLFK GHU $EVWDQGYHUJU|‰HUW:HJHQGHUQLFKW YRUKHUVDJEDUHQ6FKOXSIHLJHQVFKDIWHQ ]ZLVFKHQ*XWXQG)|UGHUHULVWGHUVLFKHUJHEHQGH$EVWDQGQLFKWJHQDX]X GHILQLHUHQXQGQLFKWUHSURGX]LHUEDU +lXILJ VLQG MHGRFK NRQNUHWH GHILQLHUWH *XWDEVWlQGH JHIRUGHUW GLH HLQH RSWLPDOH *XWDEJDEH DQ GHQ 9HUWHLOI|UGHUHU JHZlKUOHLVWHQ $EKlQJLJ YRQ GHUMHZHLOV]XP(LQVDW]NRPPHQGHQ6RUWLHUWHFKQLNLVWHQWZHGHU

E E E



HLQNRQVWDQWHU$EVWDQG  HLQ0LQGHVWDEVWDQGRGHU HLQH0LQGHVWOFNHHLQ]XVWHOOHQ

+LHU]X VLQG XQWHU 8PVWlQGHQ DXIZlQGLJHUH $QODJHQNRQVWHOODWLRQHQ HUIRU GHUOLFK GLH ]% DXV HLQ]HOQ DQJHWULHEHQHQ )|UGHUHUQ EHVWHKHQ XQG EHU HLQH 6HQVRULN XQG 6WHXHUXQJ HLQH JHWDNWHWH :HLWHUEHZHJXQJ ]XU (U]HX JXQJEHOLHELJHU*XWDEVWlQGHEHZLUNHQ ,Q$EEZLUGEHLVSLHOKDIWGLH6NL]]H HLQHUHLQIDFKHQWHFKQLVFKHQ9D ULDQWH ]XP =XVDPPHQIKUHQ $XVULFKWHQ XQG 9HUHLQ]HOQ YRQ *WHUQ GDU JHVWHOOW'HUGDUJHVWHOOWH)|UGHUDEVFKQLWWEHVWHKWDXVPHKUHUHQXQDEKlQJLJ DQJHWULHEHQHQ )|UGHUHUQ PLW XQWHUVFKLHGOLFKHQ )XQNWLRQHQ 'LH )|UGHU JHVFKZLQGLJNHLW GHU WHLOZHLVH NHJHOI|UPLJHQ 5ROOHQ VWHLJW YRQ OLQNV QDFK UHFKWV YRQ )|UGHUHU ]X )|UGHUHU ZRGXUFK VLFK ]XQlFKVW GLH 6WFNJXWDE VWlQGHYHUJU|‰HUQ 'LH 6FKUlJVWHOOXQJ GHU 5ROOHQ LP 6FKUlJUROOHQI|UGHUHU  EHZLUNW ZHL WHUKLQ GLH %HZHJXQJ GHU 7HLOH ]XU UHFKWHQ XQWHUHQ  %HJUHQ]XQJVVFKLHQH XQGEHL.RQWDNWPLWLKUGHUHQ/lQJVDXVULFKWXQJXP GLH+RFKDFKVH

<WHÑTFGTGT 

5EJT¼ITQNNGP

5EJT¼ITQNNGPHÑTFGTGT MGIGNKIG4QNNGP

#DHÑTFGTWPI

HÑTFGTGT

$EE =XVDPPHQIKUXQJ $XVULFKWXQJ XQG 9HUHLQ]HOXQJ YRQ *WHUQ RKQH .UHLVODXI

'LH 6FKUlJUROOHQI|UGHUHU   XQG  EHVLW]HQ ]XVlW]OLFK NHJHOI|UPLJH 5RO OHQ 'LH *WHU DXI GHU 6HLWH GHV JU|‰HUHQ 5ROOHQGXUFKPHVVHUV REHQ  EH



 'HU *XWDEVWDQG ZLUG YRQ GHU 9RUGHUNDQWH ]XU 9RUGHUNDQWH GHV )ROJHJXWHV JH PHVVHQ



'LH6RUWLHUDQODJH

ZHJHQ VLFK GDKHU VFKQHOOHU XQG N|QQHQ VHOEVW EHL %HUKUXQJ PLW HLQHP 7HLO ZHOFKHV VLFK EHUHLWV HQWODQJ GHU %HJUHQ]XQJVVFKLHQH EHZHJW GLHVHV EHUKROHQ XQG GLH LQ %HZHJXQJVULFKWXQJ OLHJHQGH QlFKVWH /FNH EHOHJHQ 'HU 'XUFKVDW] GHU YRUJHVWHOOWHQ .RQILJXUDWLRQ EHWUlJW MH QDFK 6WFNJXW JU|‰HELV]X7HLOHSUR6WXQGH>5DG@ 'XUFK GLH /LQHDUDQRUGQXQJ GHU )XQNWLRQHQ ZLUG DOOHUGLQJV UHODWLY YLHO 3ODW]YHUEUDXFKW:HLWHUKLQPXVVMHGHU%HUHLFKYRQVHLQHU/lQJHVRDXVJH OHJW VHLQ GDVV DP (QGH GLH JHZQVFKWH *XWPDQLSXODWLRQ 9HUHLQ]HOXQJ 2ULHQWLHUXQJ  PLW 6LFKHUKHLW EHL DOOHQ *WHUQ HUIROJWH +LHUGXUFK ZLUG ZHLWHUH)OlFKHEHQ|WLJW $OV $OWHUQDWLYH ]XU /LQHDUDQRUGQXQJ ELHWHW VLFK GDKHU HLQ .UHLVODXI DQ GHU *WHU GLH DP (QGH GHV 3UR]HVVHV QLFKW LQ GHUJHZQVFKWHQ )RUP YHU HLQ]HOW ZHUGHQ NRQQWHQ ZLHGHU ]XUFNIKUW %HLP (LQVDW] HLQHU VROFKHQ 7HFKQRORJLH LVW DOOHUGLQJV ]X EHUFNVLFKWLJHQ GDVV HLQH YRUJHJHEHQH *XW UHLKHQIROJH YHUlQGHUW ZLUG ZDV VLFK EHLP (LQVDW] KLQWHU HLQHP .RPPLV VLRQLHUV\VWHP LQ .RPELQDWLRQ PLW EHVWLPPWHQ 6WUDWHJLHQ DOV QHJDWLY HU ZHLVHQN|QQWH

D 

E 

$EE =XVDPPHQIKUXQJ $XVULFKWXQJ XQG 9HUHLQ]HOXQJ YRQ *WHUQ PLW .UHLVODXI D  /LQHDU 6LQJXODWRU )ORZ &RQWUROOHU QDFK >6DQD@ E  6PDOO 3DUFHO 6LQJXODWRU>6DQD@

'LH $EELOGXQJ ]HLJW ]ZHL 6\VWHPH IU XQWHUVFKLHGOLFKH /HLVWXQJHQ 'DV XQWHUD DEJHELOGHWH6\VWHPEHVWHKWDXVYLHU%HUHLFKHQ

 ,P 6LQJXODWRUZHUGHQGLH*WHUGXUFKVFKUlJJHVWHOOWH=\OLQGHUUROOHQ DQGLHREHUH.DQWHJHI|UGHUWXQGOlQJVRULHQWLHUW  ,P 6LGHE\6LGH5HPRYHU ZHUGHQGLHLQÄ]ZHLWHU5HLKH³EHILQGOLFKHQ *WHULQGHQ5FNI|UGHUHU JHVFKOHXVW

9RUEHUHLWXQJ



 'HU )ORZ &RQWUROOHU EHVWHKW DXV ]ZHL KLQWHUHLQDQGHU OLHJHQGHQ 5LH PHQI|UGHUHUQ GLH GXUFK XQWHUVFKLHGOLFKH *HVFKZLQGLJNHLWHQ KLQWHU HLQDQGHU OLHJHQGH 3DNHWH YHUHLQ]HOQ :HLWHUKLQ QHEHQHLQDQGHU OLH JHQGH

3DNHWH

RGHU

hEHUPD‰H

ZHUGHQ

GXUFK

HLQH

VHLWOLFKH

)ULNWLRQVUROOHHEHQIDOOVLQGHQ5FNI|UGHUHU JHVFKOHXVW  'HU 5FNI|UGHUHU 5HFLUFXODWLQJ &RQYH\RU  I|UGHUW GLH LQ   XQG   DXVJHVFKOHXVWHQ*WHUZLHGHUDQGHQ(LQODXI]XUFN (LQH ZHLWHUH )lKLJNHLW GLHVHV 6\VWHPV EHVWHKW GDULQ NXU]]HLWLJH 6SLW]HQ ODVWHQ ]X SXIIHUQ 'HP]XIROJH LVW GLH (LQJDQJVNDSD]LWlW GHV DEJHELOGHWHQ 6\VWHPV PLW  3DNHWHQ JU|‰HU DOV GLH $XVJDQJVNDSD]LWlW PLW  3DNHWHQ

'LH

I|UGHUIlKLJHQ

3DNHWOlQJHQ

OLHJHQ

]ZLVFKHQ



XQG

PP GLH 3DNHWEUHLWHQ ]ZLVFKHQ  XQG  PP 'LH 3XIIHUXQJ HUIROJW]XP *UR‰WHLODXIGHP5FNI|UGHUHU 'DVLQE GDUJHVWHOOWH6\VWHPLVWIUNOHLQH3DNHWHJHHLJQHW(VVLQGGUHL KLQWHUHLQDQGHU OLHJHQGH %HUHLFKH ]XHUNHQQHQ DQ GHQHQ VHLWOLFK GLH 5FN I|UGHUHU ]X VHKHQ VLQG 'LH VHLWOLFKHQ VFKUlJ VWHKHQGHQ 5ROOHQI|UGHUHU LP HUVWHQ%HUHLFKYHUVXFKHQGLH*WHUDXIGHQ]HQWUDOHQGHU*XWJU|‰HDQJH SDVVWHQ *XUWI|UGHUHU ]X EHUJHEHQ *HOLQJW GDV QLFKW ZHUGHQ LP ]ZHLWHQ %HUHLFK GLH *WHU UHFKWV XQG OLQNV LQ GLH 5FNIKUXQJ JHI|UGHUW ,Q GHP GULWWHQ %HUHLFK UXWVFKHQ GDQQ GLH QLFKW NRUUHNW DXI GHP *XUWI|UGHUHU OLH JHQGHQ *WHU HEHQIDOOV LQ GHQ 5FNI|UGHUHU GHU GLH *WHU LP YRUGHUHQ %HUHLFK ZLHGHU LQ GHQ +DXSWVWURP VFKOHXVW 'HU 'XUFKVDW] OLHJW KLHU EHL 3DNHWHQSUR6WXQGHGLH3DNHWOlQJHQXQGEUHLWHQ]ZLVFKHQ XQG PP

$XVULFKWXQJ

(LQH ZHLWHUH )XQNWLRQ GHU 9RUEHUHLWXQJ LVW HV GLH *WHU LQ HLQH ]XU (LQ VFKOHXVXQJ ULFKWLJH 2ULHQWLHUXQJ ]X EULQJHQ 'DV NDQQ PDWHULDOIOXVVWHFK QLVFKVRZRKOYRUDOVDXFKKLQWHUGHU,GHQWLIL]LHUXQJHUIROJHQ %HL GHU KRUL]RQWDOHQ (LQVFKOHXVXQJ PVVHQ GLH *WHU KlXILJ LQ HLQHP GHILQLHUWHQ :LQNHO DXVJHULFKWHW ZHUGHQ GDPLW VLH QDFK GHU (LQVFKOHXVXQJ HQWVSUHFKHQGSODW]RSWLPDO DXIGHP6RUWHUOLHJHQ'DVNDQQMHQDFK6RUWHU OlQJV DEHU DXFK TXHURULHQWLHUW VHLQ =XU $XVULFKWXQJ DXI GHQ 6RUWHU H[LV WLHUHQ

YHUVFKLHGHQH

9HUIDKUHQ

YRQ

GHQHQ

KLHU

GLH

3DUDOOHOZLQNHO

HLQVFKOHXVXQJGLH3XVKHUHLQVFKOHXVXQJXQGGLH'UHKYRUULFKWXQJHQYRUJH VWHOOWZHUGHQ %HL GHU 3DUDOOHOZLQNHOHLQVFKOHXVXQJ ZLUG YRU GDV (LQVFKOHXVEDQG HLQ 4XHUODGHEDQGLQVWDOOLHUWZHOFKHVUHFKWZLQNOLJ]XP6RUWHUDXVJHULFKWHWLVW 0LW GLHVHU (LQVFKOHXVXQJ LVW HV P|JOLFK OlQJV DXI GHP 4XHUODGHEDQG RULHQWLHUWH*WHUXQDEKlQJLJYRP(LQVFKOHXVZLQNHO

GHP9HUWHLOI|UGHUHU



'LH6RUWLHUDQODJH

VR ]X]XIKUHQ GDVV HV YRQ GLHVHP LP UHFKWHQ :LQNHO KLHU]X ZHLWHUJHI|U GHUWZLUGRGHUXPJHNHKUW'LH/HLVWXQJGHU6WFNJXWEHUJDEHLVWYRQGHQ $EPHVVXQJHQ GHU 6RUWLHUJXWV DEKlQJLJ XQG OLHJW IU $EPHVVXQJHQ YRQ  [  PP W\SLVFKHUZHLVH EHL PD[LPDO  6WFN SUR 6WXQGH >:LH6@

$EE3DUDOOHOZLQNHOHLQVFKOHXVXQJ

%HL GHU 3XVKHUHLQVFKOHXVXQJ HUIROJW GLH 6RUWLHUJXW]XIKUXQJ HEHQIDOOV VHQNUHFKW ]XP 6RUWHU :lKUHQG HV EHL GHU 3DUDOOHOZLQNHOHLQVFKOHXVXQJ EHLP hEHUJDQJ YRP 4XHUODGHEDQG DXI GDV /DJH]XRUGQXQJVEDQG EHL XQ JQVWLJHQ *HVFKZLQGLJNHLWVYHUKlOWQLVVHQ ]XP XQJHZROOWHQ 9HUGUHKHQ DXV GHU JHZQVFKWHQ 2ULHQWLHUXQJ NRPPHQ NDQQ ZLUG GLHVHV EHL GHU 3XVKHU HLQVFKOHXVXQJ YHUPLHGHQ 'DV *XW ZLUG GXUFK HLQHQ PLWWHOV 6HUYRPRWRU DQJHWULHEHQHQ 3XVKHU DXI GDV (LQVFKOHXVEDQG JHVFKREHQ VREDOG VLFK HLQH IUHLH*XWDXIQDKPHDQGHUULFKWLJHQ3RVLWLRQEHILQGHW 0LWHLQHUNRQVWDQWHQ%HVFKOHXQLJXQJQLPPWGHU3XVKHUGDV6RUWLHUJXWPLW XQG ULFKWHW HV JOHLFK]HLWLJ UHFKWZLQNOLJ ]XP 6RUWHU DXV 'DV (LQVFKOHXV

$EE3XVKHUHLQVFKOHXVXQJ



,GHQWLIL]LHUXQJ



EDQG OlXIW VWlQGLJ PLW JOHLFKHU *HVFKZLQGLJNHLW XQG KDW OHGLJOLFK HLQH 7UDQVIHUIXQNWLRQ 'LH (LQVFKOHXVJHQDXLJNHLW LVW SULQ]LSLHOO K|KHU DOV EHL GHU3DUDOOHOHLQVFKOHXVXQJVRGDVVGLH)OlFKHDXIGHP6RUWHUEHVVHUJHQXW]W ZLUG 'HU 6RUWHU ZLUG YRUUDQJLJ LP 0HGLHQEHUHLFK HLQJHVHW]W XQG HUUHLFKW EHL 6RUWLHUJXWDEPHVVXQJHQ YRQ  [  PP HLQHQ W\SLVFKHQ 'XUFKVDW] YRQ6WFNSUR6WXQGH :HLWHUKLQ N|QQHQ DP =XIKUEDQG 'UHKYRUULFKWXQJHQ HLQJHVHW]W ZHU GHQGLHGDV*XWLQGHQULFKWLJHQ=XIKUZLQNHOGUHKHQ

$EE'UHKYRUULFKWXQJ>+E@

'LHVH HLQIDFKHQ 'UHKYRUULFKWXQJHQ ZHUGHQ LQ )|UGHUULFKWXQJ KLQWHU GHP *XW DXVJHVFKZHQNW XQG ULFKWHQ HV GXUFK 'UHKHQ DXV RKQH GLH )|UGHUJH VFKZLQGLJNHLW ]X UHGX]LHUHQ $OOHUGLQJV VLQG ]XVlW]OLFKH .UlIWH DXI GDV )|UGHUJXWXQGGLH)|UGHUWHFKQLN]XEHUFNVLFKWLJHQ

,GHQWLIL]LHUXQJ

1DFKGHPGLH*WHUYHUHLQ]HOWXQGDXVJHULFKWHWVLQGHUIROJWGLH,GHQWLIL]LH UXQJ 6LH EHVWHKW SULQ]LSLHOO DXV ]ZHL 6FKULWWHQ =XQlFKVW PXVV GDV *XW HUNDQQW RGHU LGHQWLIL]LHUW ZHUGHQ DQVFKOLH‰HQG HUIROJW GLH =XRUGQXQJ ]X HLQHU (QGVWHOOH ZDV GDQQ EOLFKHUZHLVH EHU GHQ 5HFKQHU HUIROJW GD KLHU WHLOZHLVH NRPSOH[H 9HUIDKUHQ XQG 6WUDWHJLHQ YHUZHQGHW ZHUGHQ GLH LQ .DSQRFKQlKHUHUOlXWHUWZHUGHQ'LHHLJHQWOLFKH,GHQWLIL]LHUXQJHUIROJW YRUZLHJHQG EHU $XWRPDWLVFKH ,GHQWLILNDWLRQVV\VWHPH $XWR,'  *WHU GLH EHU NHLQHQ HQWVSUHFKHQGHQ &RGH YHUIJHQ PVVHQ LP =XI|UGHUEH UHLFKYRUEHKDQGHOWZHUGHQV$EVFKQ  'LH $XVZDKO HLQHV JHHLJQHWHQ ,GHQWLILNDWLRQVV\VWHPV LVW YRQ XQWHU VFKLHGOLFKHQ.ULWHULHQDEKlQJLJ'HU]HLWQLPPWGHU%DUFRGHPLWEHU



'LH6RUWLHUDQODJH

GHU $SSOLNDWLRQHQ GLH 6FKOVVHOUROOH HLQ DEHU GLH ]XNXQIWVZHLVHQGH 

7UDQVSRQGHUWHFKQRORJLH 5),'  ZLUG ]XNQIWLJ DQ %HGHXWXQJ JHZLQQHQ GDVLHX$NHLQHQ6LFKWNRQWDNWZLHEHLPRSWLVFKHQ 6FDQQHQHLQHV%DUFR GHVHUIRUGHUW

$EE $XWRPDWLVFKH,GHQWLIL]LHUXQJ4XHOOH9DQGHUODQGH 

%HL GHU RSWLVFKHQ ,GHQWLIL]LHUXQJ EHU GHQ %DUFRGH LVW ]X JHZlKUOHLVWHQ GDVV GLH *WHU LQ GHU 9RUEHUHLWXQJ GHUDUW DXVJHULFKWHW ZXUGHQ GDVV GHU &RGHGXUFKGLH/HVHHLQULFKWXQJVLFKHUHUIDVVWZHUGHQNDQQ 'LH $XVZHUWXQJ GHU DQ GHQ &RGH DQJHKlQJWHQ 3UI]LIIHU XQG GHU (LQ VDW] PHKUHUHU 6FDQQHU DQ HLQHP ,3XQNW HUP|JOLFKHQ KHXWH HLQH VLFKHUH ,GHQWLILNDWLRQ PLWWHO ELV KRFKDXIO|VHQGHU &RGHV LQ HLQHP VHKU JUR‰HQ /HVHIHOG

PLW

KRKHU

7LHIHQVFKlUIH

JUR‰HV

3DNHWK|KHQVSHNWUXP 

DXI

VFKQHOOHU)|UGHUWHFKQLN'LH,GHQWLILNDWLRQVV\VWHPHVLQGIUGLH6RUWLHUXQJ YRQEHVRQGHUHU%HGHXWXQJXQGZHUGHQGDKHUDQVSlWHUHU6WHOOHV$EVFKQ  QRFKPDOVH[SOL]LWLP +LQEOLFNDXI6RUWLHUV\VWHPHEHWUDFKWHW 1DFKLKUHUHLQGHXWLJHQ,GHQWLIL]LHUXQJPVVHQGLH*WHUHLQHU(QGVWHOOH ]XJHRUGQHW ZHUGHQ %HL 6RUWHUQ GHUHQ (QGVWHOOH IHVW HLQHP =LHO ]XJHRUG QHW VLQG LVW GLHVH =XRUGQXQJ UHODWLY WULYLDO %HL GHQ DQGHUHQ 6RUWHUQ VSLH OHQ PHKUHUH .ULWHULHQ HLQH 5ROOH 'RUW LVW GLH =XRUGQXQJVUHJHO HLQH NRP SOH[H

)UDJH

XQG

PXVV

VWUDWHJLVFK

DQJHJDQJHQ

ZHUGHQ

'LHVH

=XRUGQXQJVVWUDWHJLHQZHUGHQLQ$EVFKQJHQDXHUEHWUDFKWHW 1DFK GHU ,GHQWLIL]LHUXQJ XQG =XRUGQXQJ PXVV JHZlKUOHLVWHW ZHUGHQ GDVV GLH *WHU LKUH 5HLKHQIROJH QLFKW PHKU lQGHUQ GD QXQPHKU GHU 9HU WHLOI|UGHUHU VHLQH $XVVFKOHXVPHFKDQLVPHQ OHGLJOLFK ]HLWJHVWHXHUW EHWlWLJW 9RU GHU (LQVFKOHXVXQJ LVW PD[LPDO OHGLJOLFK HLQH 7ULJJHUXQJ ]% EHU



5),'5DGLR)UHTXHQF\,GHQWLILFDWLRQ

9HUWHLOXQJ



HLQH /LFKWVFKUDQNH EOLFK DQVFKOLH‰HQG GDUI DXFK GLH *XWSRVLWLRQ ]XP )|UGHUPLWWHOQLFKWPHKUDEZHLFKHQ $OWHUQDWLY NDQQ GLH ,GHQWLIL]LHUXQJ DXFK QDFK GHU (LQVFKOHXVXQJ DXI GHP 9HUWHLOI|UGHUHU HUIROJHQ +LHU]X PXVV ]ZLVFKHQ GHP (LQVFKOHXV XQG (QGVWHOOHQEHUHLFK JHQJHQG 3ODW] XQG =HLW YRUKDQGHQ VHLQ XP EHUHLWV LQ GLHHUVWH(QGVWHOOHDXVVFKOHXVHQ]XN|QQHQ

9HUWHLOXQJ

'LH9HUWHLOXQJGHU*WHUDXIGLH(QGVWHOOHQZLUGWHFKQLVFKGXUFKGHQ6RU WHU UHDOLVLHUW (U EHVWHKW DXV GHU (LQVFKOHXVXQJ GHP 9HUWHLOI|UGHUHU XQG GHU(QGVWHOOH

(LQVFKOHXVXQJ

'LH)UDJHGHU6WFNJXW]XIKUXQJRGHU(LQVFKOHXVXQJDXI6WHWLJI|UGHUHULVW QLFKW QXU LQ GHU 6RUWLHUXQJ VRQGHUQ JHQHUHOO LQ GHU JHVDPWHQ 0DWHULDO IOXVVWHFKQLN VHKU NRPSOH[ 6\VWHPH XQWHUVFKLHGOLFKHU (LJHQVFKDIWHQ PV VHQ PLWHLQDQGHU YHUEXQGHQ ZHUGHQ XQG GLH 6WFNJWHU PLW PLQLPDOHQ %HDQVSUXFKXQJHQ XQG hEHUJDEH]HLWHQ

YRP

HLQHQ ]XP DQGHUHQ 6\VWHP

ZHFKVHOQ ,Q GHU (LQVFKOHXVXQJ DXI 6RUWHUQ VLQG LQ GHU 5HJHO 6WHWLJI|UGHUHU ]X NRSSHOQGLHXQWHUVFKLHGOLFKH*HVFKZLQGLJNHLWHQXQG*HRPHWULHQDQLKUHQ 6FKQLWWVWHOOHQ DXIZHLVHQ 6WHWLJI|UGHUHU IU OHLFKWHV 6WFNJXW HUUHLFKHQ W\SLVFKHUZHLVH )|UGHUJHVFKZLQGLJNHLWHQ YRQ HLQHP 0HWHU SUR 6HNXQGH EHL 9HUWHLOI|UGHUHUQ ZHUGHQ *HVFKZLQGLJNHLWHQ ]ZLVFKHQ ]ZHL XQG GUHL HLQKDOE0HWHUQSUR6HNXQGHHUUHLFKW 'DUEHU KLQDXV NDQQ QLFKW VLFKHUJHVWHOOW ZHUGHQ GDVV MHGHV LQ GHU (LQ VFKOHXVXQJEHILQGOLFKH6WFNJXWVRIRUW HLQHQ3ODW]DXIGHP9HUWHLOI|UGHUHU ILQGHW GD LQ GHU 5HJHO YHUVFKLHGHQH (LQVFKOHXVHLQULFKWXQJHQ SDUDOOHO DU EHLWHQ RGHU QRFK UH]LUNXOLHUHQGH *WHU DXI GHQ *XWDXIQDKPHQ OLHJHQ 'LH 6RUWHU KLQJHJHQ N|QQHQ LKUH PD[LPDOH /HLVWXQJVIlKLJNHLW QXU HUUHLFKHQ ZHQQ LKQHQ HLQ HQWVSUHFKHQGHU *XWVWURP ]XU 9HUIJXQJ JHVWHOOW XQG MHGHU SRWHQ]LHOOH 3ODW] EHOHJW ZLUG +LHUGXUFK HUJLEW VLFK GLH %HGHXWXQJ GHU (LQVFKOHXVXQJIUGHQJHVDPWHQ6RUWLHUYRUJDQJ :lKUHQG GLH HLJHQWOLFKHQ 9HUWHLOI|UGHUHU HLQ UHODWLY KRKHV (QWZLFN OXQJVQLYHDX DXIZHLVHQ VLQG GLH (LQVFKOHXVHLQULFKWXQJHQ KlXILJ QRFK PDQXHOODXVJHIKUWZDVLQGHURIWPDOVNRPSOH[HQ)XQNWLRQVIROJHEHJUQ GHWOLHJW'LH *WHUVLQGQLFKWQXU]XEHVFKOHXQLJHQVLHPVVHQ PHLVWDXFK SUl]LVH DQ GHU ULFKWLJHQ 3RVLWLRQ XQG PLW GHU ULFKWLJHQ $XVULFKWXQJ EHU



'LH6RUWLHUDQODJH

JHEHQ ZHUGHQ *OHLFK]HLWLJ VLQG GLH HLQZLUNHQGHQ .UlIWH ]X PLQLPDO ]X KDOWHQ 'LH (LQVFKOHXVXQJ LVW ZHLWHUKLQ YRP YHUZHQGHWHQ 9HUWHLOI|UGHUHU DEKlQJLJ .LSSVFKDOHQVRUWHU 6FKLHEHVFKXKVRUWHU )DOONODSSHQVRUWHU RGHU 'UHKVRUWHU VWHOOHQ JlQ]OLFK XQWHUVFKLHGOLFKH $QIRUGHUXQJHQ DQ GLH (LQ VFKOHXVXQJ 'LH (LQVFKOHXVXQJ OlVVW VLFK JURE KLQVLFKWOLFK LKUHU $QRUGQXQJ XQG LK UHV$XWRPDWLVLHUXQJVJUDGHVGLIIHUHQ]LHUHQ

$QRUGQXQJHQGHU(LQVFKOHXVXQJ

,Q

GHU

3UD[LV

ZHUGHQ

GHU]HLW

GUHL

$QRUGQXQJVYDULDQWHQ

IU

GLH

(LQVFKOHXVXQJ HLQJHVHW]W 'LH $XVZDKO ZLUG ZHLWHVWJHKHQG GXUFK GHQ 9HUWHLOI|UGHUHUYRUJHJHEHQ

D 

E 

F 

$EE$QRUGQXQJVYDULDQWHQGHU(LQVFKOHXVXQJD OLQHDUE YHUWLNDOF KRUL]RQ WDO

E

VWLUQVHLWLJLQ)|UGHUULFKWXQJ/LQHDUHLQVFKOHXVXQJ  'LHVH (LQVFKOHXVXQJ LVW QXU EHL 9HUWHLOI|UGHUHUQ LQ /LQLHQVWUXNWXU V $EVFKQ   HLQVHW]EDU +LHUEHL LVW GLH )|UGHUULFKWXQJ YRQ (LQVFKOHX VXQJXQG6RUWHULGHQWLVFK'LHVH(LQVFKOHXVXQJLVWUHODWLYHLQIDFK]XUH DOLVLHUHQ VHW]W MHGRFK HLQH HQWVSUHFKHQGH 9RUYHUGLFKWXQJ GHU *WHU YRUDXVGDVLHPHLVWGLHHLQ]LJH(LQVFKOHXVXQJLVWXQGGHPHQWVSUHFKHQG GHU *XWVWURP IU GHQ 9HUWHLOI|UGHUHU YROOVWlQGLJ DEJHGHFNW ZHUGHQ PXVV

E

YRQREHQLQ)|UGHUULFKWXQJ9HUWLNDOHLQVFKOHXVXQJ  'LH)|UGHUULFKWXQJHQVLQGHEHQIDOOVLGHQWLVFKMHGRFKZLUGGDV6WFNJXW LQ HLQHP VSLW]HQ :LQNHO YRQ REHQ HLQJHVFKOHXVW XQG EHZHJW VLFK GHQ OHW]WHQ7HLOGHU(LQVFKOHXVXQJLPIUHLHQ)DOOHQWODQJHLQHU:XUISDUDEHO 'HU$EVWDQG]ZLVFKHQ8QWHUNDQWHGHU(LQVFKOHXVXQJXQG2EHUNDQWHGHU *XWDXIQDKPH VWHOOW JOHLFK]HLWLJ GLHPD[LPDOH *XWK|KH GDU 'LHVHV 9HU IDKUHQ LVW QXU EHL EHVRQGHUHQ %HGLQJXQJHQ ]X HPSIHKOHQ GD QHEHQ GHU EHJUHQ]WHQ *XWK|KH GHU *XWEHODVWXQJ GXUFK GHQ IUHLHQ )DOO DXFK GLH *HIDKUGHV.LSSHQVEHVWHKW

9HUWHLOXQJ

E



VHLWOLFKLPVSLW]HQ:LQNHO]XU)|UGHUULFKWXQJ+RUL]RQWDOHLQVFKOHXVXQJ  'LHVH (LQVFKOHXVXQJ ZLUG LQVEHVRQGHUH EHL 6RUWHUQ LQ 5LQJVWUXNWXU V $EVFKQ   HLQJHVHW]W EHL GHQHQ HLQH VWLUQVHLWLJH (LQVFKOHXVXQJ QLFKW P|JOLFK LVW 6LH HUP|JOLFKW DXFK EHL KRKHQ *HVFKZLQGLJNHLWHQ HLQH VFKRQHQGH hEHUJDEH 'LH =XIKUJHVFKZLQGLJNHLW Y]X VROOWH VR HLQJH VWHOOW VHLQ GDVV LKUH LQ )|UGHUULFKWXQJ ZHLVHQGH .RPSRQHQWH GHU )|U GHUJHVFKZLQGLJNHLWY.JOHLFKLVWV$EEF  %HL(LQVFKOHXVZLQNHOQ]ZLVFKHQXQG*UDGHUJHEHQVLFKEHL HLQHU 6RUWLHUJHVFKZLQGLJNHLW YRQ EHLVSLHOVZHLVH GUHLHLQKDOE 0HWHUQ SUR 6H NXQGH =XIKUJHVFKZLQGLJNHLWHQ ]ZLVFKHQ NQDSS YLHU XQG VLHEHQ 0H WHUQ SUR 6HNXQGH GLH *HVFKZLQGLJNHLWVNRPSRQHQWH Y6 VHQNUHFKW ]XU )|UGHUULFKWXQJ HUUHLFKW :HUWH ]ZLVFKHQ HLQ XQG GUHLHLQKDOE 0HWHUQ SUR 6HNXQGH 'LH (LQVFKOHXVXQJ LP VSLW]HQ :LQNHO HUIRUGHUW EHVRQGHUH NRQVWUXNWLYH 0D‰QDKPHQ DQ GHU hEHUJDEHVFKQLWWVWHOOH :HJHQ GHU KRKHQ *HQDXLJ NHLWVDQIRUGHUXQJHQEHLGHUhEHUJDEHNRPPHQ]XQlFKVWQXUVFKOXSIIUHLH )|UGHUHU LQ %HWUDFKW 6FKOXSIIUHLH 6WHWLJI|UGHUHU VLQG DOV *XUW XQG 5LHPHQI|UGHUHU 5XQGULHPHQ XQG )ODFKULHPHQ  DXIJHEDXWH %DQGI|UGH UHU'LHHLQ]HOQHQQHEHQHLQDQGHUOLHJHQGHQ5LHPHQZHUGHQLQJHVWXIWHU /lQJH HQWVSUHFKHQG GHV hEHUJDEHZLQNHOV EHU GLH )|UGHUEUHLWH DQJH RUGQHW XQG N|QQHQ VR DXFK EHOLHELJ IOlFKLJH .RQWXUHQ ]% ]XU $QSDV VXQJ DQ HLQHQ URWLHUHQGHQ 6RUWHU DEELOGHQ 9RUWHLO GHU 5LHPHQI|UGHUHU LVW GLH JHULQJH EHZHJWH 0DVVH ZRGXUFK GLH %HVFKOHXQLJXQJVIlKLJNHLW XQWHUVWW]W ZLUG QDFKWHLOLJ LVW GHU KRKH $XIZDQG IU GLH HLQKHLWOLFKH 6SDQQXQJ GHU 5LHPHQ GLH ]XU JOHLFKPl‰LJHQ .UDIWEHUWUDJXQJ QRW ZHQGLJ LVW 'DKHU VLQG IU MHGHQ 5LHPHQ HLQH HLJHQH 6SDQQVWDWLRQ XQG LQVJHVDPW

HLQH DXIZlQGLJH -XVWDJH QRWZHQGLJ )U )|UGHUJWHU PLW

6FKODXIHQXQG%lQGHUQEHVWHKW]XGHPGLH*HIDKUGHV9HUKDNHQVLQGHQ 5LHPHQ]ZLVFKHQUlXPHQ 'DKHU VROOWHQ GLHVH DEJHGHFNW ZHUGHQ )ODFK ULHPHQI|UGHUHUZHUGHQEHLVFKZHUHQTXDGHUI|UPLJHQ*WHUQHLQJHVHW]W 5XQGULHPHQI|UGHUHUHLJQHQVLFKEHVRQGHUVIU]\OLQGULVFKH6RUWLHUJWHU GLH ]ZLVFKHQ GHQ 5XQGULHPHQSURILOHQ EHVRQGHUV JXW JHIKUW ZHUGHQ $OV$OWHUQDWLYHDQVWHOOHGHU(LQ]HOULHPHQLVWHLQODQJHUVFKUDXEHQI|UPLJ EHU DOOH 5LHPHQVFKHLEHQ JHZLFNHOWHU 5LHPHQ ]X YHUZHQGHQ +LHU LVW QXUHLQH6SDQQVWDWLRQQRWZHQGLJGDVLFKLP5LHPHQHLQHZHLWHVWJHKHQG JOHLFKPl‰LJH 6SDQQXQJ HLQVWHOOW 3UREOHPDWLVFK LVW GLH NRPSOL]LHUWH :LFNOXQJGHU5LHPHQGLHLP8QWHUWUXPHLQHQ6FKUlJDQODXIXQGDEODXI GHU 5ROOHQ XQG HLQH 7RUVLRQVVSDQQXQJ LP 5LHPHQ YHUXUVDFKW ZHVKDOE GLHVH$OWHUQDWLYHQXUIU5XQGULHPHQJHHLJQHWHUVFKHLQW'HU5LHPHQLQ $EED LVWDOV(QGORVULHPHQJHZLFNHOW



'LH6RUWLHUDQODJH

D 

E 

F 

$EEhEHUJDEHI|UGHUHUD 5XQGULHPHQE )ODFKULHPHQF 6FKUlJJXUW

'LH :HLWHUHQWZLFNOXQJ GHU *XUWPDWHULDOLHQ HUP|JOLFKW HV DXFK *XUW I|UGHUHU PLW DEJHZLQNHOWHU hEHUJDEH ]X UHDOLVLHUHQ %HLP 6FKUlJJXUW I|UGHUHULQ$EEF ZLUGGHU*XUWDQGHUhEHUJDEHEHUHLQHVWDUUH KDUWYHUFKURPWH XQG JHVFKOLIIHQH 6FKUlJXPOHQNXQJ JHIKUW $QVFKOLH ‰HQG GXUFKOlXIW HU HLQH ]XVlW]OLFKH *XUWXPOHQNXQJ XQG ZLUG LP 8Q WHUWUXPEHUHLQH]ZHLWH6FKUlJXPOHLWXQJ]XU$QWULHEVVWDWLRQJHIKUW 0LW GLHVHP )|UGHUHU N|QQHQ DXFK NOHLQH YRQ GHU )RUP KHU SUREOHPDWL VFKH*WHUPLWPLQLPDOHPhEHUJDEHDEVWDQGEHL*HVFKZLQGLJNHLWHQYRQ ELV ]X  0HWHUQ SUR 6HNXQGH IXQNWLRQVVLFKHU EHUJHEHQ ZHUGHQ >7UD@

(LQVFKOHXVYHUIDKUHQ 'LH *XW]XIKUXQJ LVW HLQ NRPSOH[HU 3UR]HVV GHU DQIlQJOLFK GXUFKJlQJLJ PDQXHOO GXUFKJHIKUW ZXUGH (UVW PLW OHLVWXQJVIlKLJHU 6WHXHUXQJV 6HQ VRU XQG )|UGHUWHFKQLN ZXUGH HLQH $XWRPDWLVLHUXQJ P|JOLFK *HQHUHOO ODVVHQ VLFK GUHL $XWRPDWLVLHUXQJVVWXIHQ LQ GHU (LQVFKOHXVXQJ XQWHUVFKHL GHQGLH]XVlW]OLFKLQ$EEGDUJHVWHOOWVLQG

E E E

PDQXHOO WHLODXWRPDWLVLHUWXQG YROODXWRPDWLVLHUW

%HL GHU PDQXHOOHQ (LQVFKOHXVXQJ EHOlGW HLQ 0LWDUEHLWHU GHQ 6RUWHU GLUHNW YRQ +DQG PLW GHP 6RUWLHUJXW 'LHVHU 9RUJDQJ OlXIW ]ZDU UHODWLY ODQJVDP DEEHLQKDOWHWMHGRFKHLQHVHKUNRPSOH[H)XQNWLRQVIROJH 'HU0LWDUEHLWHU PXVVGDVQlFKVWH HLQ]XVFKOHXVHQGH6RUWLHUJXWHQWZHGHU DXI HLQHU 3DOHWWH HLQHP )|UGHUHU RGHU LQ HLQHP %HKlOWHU ORNDOLVLHUHQ $Q VFKOLH‰HQG VROO HU HV SDVVHQG DXVULFKWHQ LKP HLQHQ IUHLHQ 3ODW] DXI GHP 6RUWHU]XRUGQHQXQGGXUFKHLQH%HVFKOHXQLJXQJLQ5LFKWXQJGHU6RUWHUI|U GHUULFKWXQJ PLW GLHVHU V\QFKURQLVLHUHQ XQG DXI GHQ 6RUWHU EHUJHEHQ 'LH ,GHQWLIL]LHUXQJHUIROJWHQWZHGHUDXWRPDWLVFKDXIGHP6RUWHURGHUHEHQIDOOV PDQXHOOGXUFKGHQ0LWDUEHLWHU

9HUWHLOXQJ



'HQ9RUWHLOHQGHUJHULQJHQ,QYHVWLWLRQVNRVWHQVWHKHQ1DFKWHLOHZLHJH ULQJH XQG YRQ GHU 0LWDUEHLWHUNRQVWLWXWLRQ DEKlQJLJH /HLVWXQJ XQJQVWLJH $UEHLWVSODW]HUJRQRPLH GXUFK GLH *HUlXVFKH GHV 6RUWHUV XQG KRKHV *H IlKUGXQJVSRWHQ]LDO GXUFK GLH XQPLWWHOEDUH 1lKH ]X GHQ VFKQHOO EHZHJWHQ (OHPHQWHQ JHJHQEHU 'LH PHQWDOH %HODVWXQJ GXUFK GLH IHVWH %LQGXQJ DQ GHQ Ä6RUWHUWDNW³ XQG GLH $XIJDEH GDV *XW DXI HLQHQ VFKQHOO EHZHJWHQ IUHLHQ 3ODW] ]X EHUJHEHQ LVW HEHQIDOOV QDFKWHLOLJ IU GHQ 0LWDUEHLWHU XQG EHHLQIOXVVWDXI'DXHUVHLQH(LQVFKOHXVOHLVWXQJ 'LH HU]LHOEDUHQ /HLVWXQJHQ VLQG VHKU VWDUN YRP JHIRUGHUWHQ )XQNWLRQV XPIDQJ DEKlQJLJ %HL NRPSOH[HP )XQNWLRQVXPIDQJ PLW ,GHQWLIL]LHUXQJ $XVULFKWXQJ XQG 3RVLWLRQLHUXQJ VLQG NDXP PHKU DOV  7HLOH SUR 6WXQGH HUUHLFKEDU$OV+|FKVWOHLVWXQJHQZXUGHQDXFKVFKRQ7HLOHSUR6WXQ GH DOOHUGLQJV XQWHU /DERUEHGLQJXQJHQ JHQDQQW ZREHL GLHVH /HLVWXQJ QXU NXU]IULVWLJXQGIUNOHLQH*HZLFKWHHU]LHOEDULVW>)|O6@ 'LH WHLODXWRPDWLVFKH (LQVFKOHXVXQJ LVW HLQ .RPSURPLVV GHU GLH MHZHL OLJHQ9RUWHLOHGHVDXWRPDWLVFKHQXQGGHVPDQXHOOHQ9HUIDKUHQVQXW]WDEHU HLQLJH 1DFKWHLOH XPJHKW 'DV 6RUWLHUJXW ZLUG PDQXHOO DXI HLQHQ )|UGHUHU EHUJHEHQ GHU GLHVHV GDQQ GHP 6RUWHU DXWRPDWLVLHUW EHUJLEW 'LH WHFK QLVFK DXIZlQGLJHQ )XQNWLRQHQ ZHUGHQ ZHLWHUKLQ PDQXHOO DXVJHIKUW ZR GXUFK GLH ,QYHVWLWLRQVNRVWHQ LP 9HUJOHLFK ]X YROODXWRPDWLVFKHQ 6\VWHPHQ HUKHEOLFKVLQNHQ

D 

E 

F 

$EE (LQVFKOHXVYHUIDKUHQ %LOGTXHOOH (LVHQPDQQ  D  PDQXHOO E  WHLODXWR PDWLVLHUWF DXWRPDWLVLHUW



'LH6RUWLHUDQODJH

'HU 0LWDUEHLWHU LVW MHGRFK UlXPOLFK YRP 6RUWHU HQWIHUQW XQG ]HLWOLFK YRQ GLHVHP HQWNRSSHOW ZDV GHQ HUJRQRPLVFKHQ $VSHNWHQ GHV $UEHLWVSODW]HV ]XJXWHNRPPW :HUGHQ PHKUHUH WHLODXWRPDWLVFKH =XIKUVWDWLRQHQ SDUDOOHO EHWULHEHQ ODVVHQ VLFK KRKH 6\VWHPOHLVWXQJHQ HUUHLFKHQ VRZLH 'XUFKVDW]VFKZDQNXQ JHQDXVJOHLFKHQ:LUGGLH(LQVFKOHXVXQJGLUHNWPLWGHU]XI|UGHUQGHQ)|U GHUWHFKQLN YHUEXQGHQ XQG VLQG DOOH )XQNWLRQHQ DXWRPDWLVLHUW OLHJW HLQH DXWRPDWLVFKH (LQVFKOHXVXQJYRU 'LH YROOVWlQGLJH $XWRPDWLVLHUXQJ GHU )XQNWLRQHQ VRZLH GLH 6\QFKURQLVD WLRQ GHU =XI|UGHUWHFKQLN PLW GHP VFKQHOOHQ 6RUWHU VWHOOHQ KRKH $QIRUGH UXQJHQ DQ GLH 6\VWHPWHFKQLN +LHULQ EHJUQGHQ VLFK K|KHUH ,QYHVWLWLRQV NRVWHQ VRZLH HLQ K|KHUHU 3ODW]EHGDUI DOV EHL PDQXHOOHQ XQG

WHLODXWR

PDWLVFKHQ 6\VWHPHQ ,Q GHQ DXWRPDWLVFKHQ (LQVFKOHXVXQJHQ ZHUGHQ GUHL YHUVFKLHGHQH)|UGHUEHUHLFKHXQWHUVFKLHGHQ

E

'LH 7DNW RGHU 3XIIHUElQGHU EHUQHKPHQ GLH YHUHLQ]HOWHQ XQG LGHQWLIL ]LHUWHQ*WHUDXVGHP9RUEHUHLWXQJVEHUHLFK

E

'DV %HVFKOHXQLJXQJVEDQG RGHU GLH %HVFKOHXQLJXQJVElQGHU EHVFKOHXQL JHQ GLH *WHU DXI GLH hEHUJDEHJHVFKZLQGLJNHLW )U HLQHQ NRQWUROOLHU WHQ(LQVFKOHXVSUR]HVVVLQGGLH6FKOXSIXQG.LSSEHGLQJXQJHQHLQ]XKDO WHQV$EVFKQ 

E

'LH hEHUJDEHI|UGHUHU ODXIHQ NRQWLQXLHUOLFK PLW hEHUJDEHJHVFKZLQGLJ NHLWXQGGLHQHQGHU$QSDVVXQJDQGLH6RUWHUIRUPV$EE 

(V NRPPHQ ]ZHL 9HUIDKUHQ ]XP (LQVDW] GLH 6WRSDQGJR(LQVFKOHXVXQJ XQGGLH'XUFKODXIHLQVFKOHXVXQJ %HL GHU 6WRSDQGJR(LQVFKOHXVXQJ ZDUWHQ GLH YHUHLQ]HOWHQ $UWLNHO YRU GHP %HVFKOHXQLJXQJVEDQG ELV HLQH IUHLH 6RUWHUSRVLWLRQ JHIXQGHQ LVW XQG ZHUGHQ GDQQ HLQJHVFKOHXVW YJO 6WUD‰HQYHUNHKU 9HUKDOWHQ DP 6WRSS VFKLOG  +LHU]X ZLUG GDV )|UGHUJXW ]XQlFKVW DXV GHP 3XIIHUEDQG DXI GLH %HVFKOHXQLJXQJVVWUHFNH JHWDNWHW 6REDOG GLH ]XJHZLHVHQH *XWDXIQDKPH HLQH EHVWLPPWH 3RVLWLRQ HUUHLFKW ZLUG GDV 6RUWLHUJXW DXI NXU]HP :HJ DXI GLH*HVFKZLQGLJNHLWGHV9HUWHLOI|UGHUHUVEHVFKOHXQLJWXQGHLQJHVFKOHXVW (LQH 9DULDQWH GHU 6WRSDQGJR(LQVFKOHXVXQJ LVW GLH %XVHLQVFKOHXVXQJ 'LH%XVHLQVFKOHXVXQJHUODXEWHVEHL6RUWHUQPLW(LQ]HOSODW]EHOHJXQJPHK UHUH DXIHLQDQGHU IROJHQGH 3OlW]H ]X EHOHJHQ +LHU]X PVVHQ PHKUHUH 3XI IHUElQGHU KLQWHUHLQDQGHU DQJHRUGQHW ZHUGHQ RGHU GLH 6RUWLHUJWHU LP ULFK WLJHQ $EVWDQG ]XHLQDQGHU DXI GHP 3XIIHUEDQG OLHJHQ 6R N|QQHQ JOHLFK PHKUHUH *WHU KLQWHUHLQDQGHU EHU GDV %HVFKOHXQLJXQJVEDQG DXI GHQ 6RU WHUEHUJHEHQZHUGHQ %HL GHU 'XUFKODXIHLQVFKOHXVXQJ ZLUG GXUFK PHKUHUH HLQ]HOQ UHJHOEDUH )|UGHUHU GDV EHWUHIIHQGH *XW DXI GLH *HVFKZLQGLJNHLW GHU 6RUWLHUVWUHFNH JHEUDFKW RKQH VHOEVW RGHU GHQ QDFKIROJHQGHQ )|UGHUVWURP DQ]XKDOWHQ

9HUWHLOXQJ



YJO 6WUD‰HQYHUNHKU 9HUKDOWHQ DQ HLQHU $XWREDKQDXIIDKUW  0LWWHOV HLQHV 6HQVRUV ]% /LFKWVFKUDQNH  ZLUG GLH 3RVLWLRQ GHV 6RUWLHUJXWV HUIDVVW ,Q $EKlQJLJNHLWYRQGHUYRUJHVHKHQ3RVLWLRQDXIGHP6RUWHUZLUGGLH*XWSR VLWLRQ DQVFKOLH‰HQG EHU GHQ UHJHOEDUHQ $QWULHE GHV )|UGHUHUV NRUULJLHUW 'XUFKGHQPHKUWHLOLJHQ$XIEDXGHU)|UGHUVWUHFNHPLWELV]X]HKQJHUHJHO WHQ (LQ]HOI|UGHUHUQ ODVVHQ VLFK HQWVSUHFKHQG NXU]H )|UGHUJXWDEVWlQGH XPVHW]HQXQGGLH'XUFKVDW]OHLVWXQJHUK|KHQ ,Q EHLGHQ 9HUIDKUHQ UHLFKW GLH /HLVWXQJ HLQHU HLQ]HOQHQ (LQVFKOHXVOLQLH QLFKW DXV XP HLQHQ +RFKOHLVWXQJVVRUWHU ]X EHGLHQHQ /DXW 9',5LFKWOLQLH  VLQG PLQGHVWHQV ]ZHL 'XUFKODXIHLQVFKOHXVOLQLHQ RGHU YLHU ELV IQI 6WRSDQGJR(LQVFKOHXVOLQLHQ HUIRUGHUOLFK >9', 6 @ 'LHVH (LQ VFKOHXVOLQLHQ N|QQHQ QLFKW XQDEKlQJLJ YRQHLQDQGHU DUEHLWHQ VRQGHUQ XQWHUOLHJHQHLQHUJHJHQVHLWLJHQ%HHLQIOXVVXQJ hEHU HLQHQ 3ODW] GHU EHUHLWV IU HLQH (LQVFKOHXVXQJ UHVHUYLHUW ZXUGH NDQQ HLQH ZHLWHUH (LQVFKOHXVOLQLH QLFKW YHUIJHQ 'DPLW QLFKW QXU GLH DQ HUVWHU3RVLWLRQOLHJHQGH(LQVFKOHXVXQJGLH]XU9HUIJXQJVWHKHQGHQ3OlW]H EHOHJWVLQGKLHUHQWVSUHFKHQGH6WUDWHJLHQLQGHU6WHXHUXQJ]XKLQWHUOHJHQ 'LH6WUDWHJLHQVLQGHEHQIDOOVLQ$EVFKQGDUJHVWHOOW 7DEHOOH  ]HLJW W\SLVFKH 0HUNPDOH YRQ )|UGHUHUQ LP (LQVFKOHXVEH UHLFKDXI'LH%DVLVI|UGHUPLWWHOVLQGGHPQDFKIUYHUVFKLHGHQH)XQNWLRQHQ HLQVHW]EDU LQVEHVRQGHUH GLH %DQGI|UGHUHU 5LHPHQ *XUW «  KDEHQ HLQHQ VHKUEUHLWHQ(LQVDW]EHUHLFK'HU5LFKWXQJVZHFKVHOEH]LHKWVLFKKDXSWVlFK OLFK DXI GHQ (LQVFKOHXVZLQNHO GHU ZLH EHUHLWV DXVJHIKUW OLQHDU RGHU LQ HLQHP :LQNHO XQWHUKDOE  *UDG HUIROJW 'HU HUIRUGHUOLFKH *XWDEVWDQG LVW YRQ ZHLWHUHQ 3DUDPHWHUQ DEKlQJLJ XQG NDQQ GDKHU KLHU QXU JURE XQWHU VFKLHGHQZHUGHQ +LUVFKPOOHU IKUW ]X GHQ DQJHJHEHQHQ /HLVWXQJVJUHQ]HQ DXV GDVV VLH ZHQLJHU GXUFK GLH HLQJHVHW]WHQ )|UGHUWHFKQLNHQ DOV YLHOPHKU GXUFK YHU VFKLHGHQH5DQGEHGLQJXQJHQZLH

E E E E E

%HOHJXQJVJUDG %HOHJXQJVVWUDWHJLH $QI|UGHUOHLVWXQJ *XWHLJHQVFKDIWXQG 6WHXHUXQJ

IHVWJHOHJWZHUGHQ>+LU6±@



'LH6RUWLHUDQODJH

7DEHOOH0HUNPDOHWHFKQLVFKHU*HZHUNHLP(LQVFKOHXVEHUHLFK >+LU6@

)XQNWLRQ

%DVLVI|UGHUPLWWHO

5LFKWXQJV

PD[LPDOH

HUIRUGHU

ZHFKVHOGHV

/HLVWXQJLQ

OLFKHU*XW

)|UGHUJXWHV

6WFNK

DEVWDQG



JUR‰



JUR‰



JUR‰

GLDJRQDO ±OlQJV



JUR‰

OlQJV±OlQJV



NOHLQ

GLDJRQDO±OlQJV



PLWWHO

OlQJV±OlQJV



PLWWHO

OlQJV±OlQJV



PLWWHO

OlQJV±OlQJV



NOHLQ

GLDJRQDO±OlQJV



NOHLQ

OlQJV±OlQJV %DQGULHPHQI|UGHUHU GLDJRQDO±OlQJV OlQJV±OlQJV hEHUJHEHQ

5XQGULHPHQI|UGHUHU GLDJRQDO±OlQJV OlQJV±OlQJV



*XUWI|UGHUHU GLDJRQDO±OlQJV 6FKUlJJXUWI|UGHUHU  *XUWI|UGHUHU 0HUJHVWDWLRQ  *XUWI|UGHUHU

=XVDPPHQ 6FKZHQNUROOHQ IKUHQ9HU I|UGHUHU+RFK GLFKWHQ OHLVWXQJVZHLFKH  *XUWI|UGHUHU9HUWL NDOZHLFKH 6FKUlJUROOHQI|UGHUHU $XVULFKWVWDWLRQ $XVULFKWHQ

*XUWI|UGHUHU

2ULHQWLHUXQJV EHUJDEH

)|UGHUJXW *U|‰H[PP PD[*HZLFKW NJ

-HQDFK%HODVWXQJVIDOOXQG(LQVDW]GDXHUVLQG JHULQJHUH/HLVWXQJHQP|JOLFK



:HLWHUKLQVLQGGLHXQWHU GHU)XQNWLRQÄhEHUJHEHQ³DXIJHIKUWHQ)|UGHUHU HLQVHW]EDU

0HKUHUH(LQVFKOHXVEHUHLFKH 'LH ELVKHULJHQ %HWUDFKWXQJHQ JLQJHQ YRQ HLQHP

(LQVFKOHXVEHUHLFK PLW

HLQHU RGHU PHKUHUHQ (LQVFKOHXVOLQLHQ DXV =XU (UK|KXQJ GHV 'XUFKVDW]HV N|QQHQ DOOHUGLQJV DXFK PHKUHUH (LQVFKOHXVEHUHLFKH HLQJHVHW]W ZHUGHQ 7\SLVFKHUZHLVH ZHUGHQ PD[LPDO ]ZHL (LQVFKOHXVEHUHLFKH LQ GLDJRQDOHU $QRUGQXQJ UHDOLVLHUW 'HU 9RUWHLO ZHLWHUHU (LQVFKOHXVEHUHLFKH HUJLEW VLFK GXUFKGLH0|JOLFKNHLWHLQHQ3ODW] DXI GHP6RUWHUZlKUHQGHLQHV 8PODXIV PHKUIDFK ]X EHOHJHQ VRIHUQ GDV 6RUWLHUJXW YRU GHP (UUHLFKHQ GHV QlFKV WHQ(LQVFKOHXVEHUHLFKHVDXVJHVFKOHXVWZXUGH 'LH 6NL]]HQ LQ $EE ]HLJHQ P|JOLFKH 9DULDQWHQ GHU (LQVFKOHXVXQJ XQG GHQ WKHRUHWLVFK HU]LHOEDUHQ /HLVWXQJV]XZDFKV GHU 'RSSHOHLQVFKOHX VXQJ :HUGHQ ]ZHL XQDEKlQJLJH (LQVFKOHXVEHUHLFKH LQVWDOOLHUW EHGHXWHW GLH VHV QRFK NHLQH 9HUGRSSHOXQJ GHU 6\VWHPOHLVWXQJ .|QQHQ DOV HUVWH JUREH $QQDKPH LP 0LWWHO  GHU 6RUWLHUJWHU MHZHLOV YRU GHP DQGHUHQ (LQ

9HUWHLOXQJ



VFKOHXVEHUHLFK DXVJHVFKOHXVW ZHUGHQ HUKlOW PDQ OHGLJOLFK HLQH /HLVWXQJV VWHLJHUXQJYRQ'HU)DNWRUGHUYRUGHPIROJHQGHQ(LQVFKOHXVEHUHLFK QLFKW DXVJHVFKOHXVWHQ *WHU QHQQW VLFK 'XUFKVFKOHXVJUDG '* XQG EHWUlJW KLHU

Ȝ



Ȝ




*










* D 




* E 

$EE 6\VWHPGXUFKVDW] LQ $EKlQJLJNHLW GHU (LQVFKOHXVXQJ D  (LQIDFKHLQ VFKOHXVXQJE 'RSSHOHLQVFKOHXVXQJ

)ROJHQGH hEHUOHJXQJ LQ 9HUELQGXQJ PLW HLQHU %HWUDFKWXQJ YRQ $EE E  HUP|JOLFKW GLH %HUHFKQXQJ GHV /HLVWXQJVJHZLQQV IU EHOLHELJH .RPEL QDWLRQHQDQ'XUFKVFKOHXVJUDGHQ -HGHU (LQVFKOHXVEHUHLFK ( XQG ( VHL LQ GHU /DJH JHQDX MHGH YRUEHL IDKUHQGH3RVLWLRQGHV9HUWHLOI|UGHUHUV]XEHOHJHQ 'HU 'XUFKVFKOHXVJUDG '*D JLEW GLH YRP (LQVFKOHXVEHUHLFK ( HLQJH VFKOHXVWHQ *WHU DQ GLH HUVW KLQWHU ( DOVR LP $XVVFKOHXVEHUHLFK % DXV JHVFKOHXVW ZHUGHQ N|QQHQ (LQ 'XUFKVFKOHXVJUDG YRQ  EHVDJW GDVV DOOH EHL ( HLQJHVFKOHXVWHQ *WHU YRU ( ZLHGHU DXVJHVFKOHXVW ZXUGHQ 'HU 'XUFKVFKOHXVJUDG YRQ  EHGHXWHW GDVV DOOH *WHU HUVW KLQWHU ( DXVJH VFKOHXVW ZHUGHQ N|QQHQ VR GDVV DQ ( NHLQH IUHLHQ 3OlW]H IU ]XVlW]OLFKH (LQVFKOHXVXQJHQYRUKDQGHQVLQG 'HU 'XUFKVFKOHXVJUDG '*E JLEW GLH YRP (LQVFKOHXVEHUHLFK ( HLQJH VFKOHXVWHQ *WHU DQ GLH HUVW KLQWHU ( DOVR LP $XVVFKOHXVEHUHLFK $ DXV JHVFKOHXVW ZHUGHQ N|QQHQ 'LH PD[LPDOH (LQVFKOHXVOHLVWXQJ OLHJW VRIHUQ GLH *WHU MHZHLOV YRU GHU QlFKVWHQ (LQVFKOHXVXQJ DXVJHVFKOHXVW ZXUGHQ



'LH6RUWLHUDQODJH

EHL  )U GHQ WKHRUHWLVFKHQ )DOO GDVV DOOH 6RUWLHUJWHU HLQHU (LQ VFKOHXVXQJ HUVW KLQWHU GHU QlFKVWHQ (LQVFKOHXVXQJ DXVJHVFKOHXVW ZHUGHQ OLHJW GLH /HLVWXQJ EHL  GD GLH ]ZHLWH (LQVFKOHXVXQJ NHLQH IUHLHQ 3RVLWLRQHQ DXI GHP 9HUWHLOI|UGHUHU YRUILQGHW =ZLVFKHQ GLHVHQ EHLGHQ ([WUHPHQ NDQQ VLFK GLH /HLVWXQJVVWHLJHUXQJ GXUFK HLQHQ ]ZHLWHQ (LQ VFKOHXVEHUHLFKEHZHJHQ

D 

E 

$EE /HLVWXQJVVWHLJHUXQJ GXUFK HLQHQ ]ZHLWHQ (LQVFKOHXVEHUHLFK D  /HLV WXQJVNHQQIHOGE 6LWXDWLRQDQ GHQ(LQVFKOHXVXQJHQ

+LHUDXVNDQQPDQGLHIROJHQGHQ=XVDPPHQKlQJHKHUOHLWHQ

'*

T ( ” ( Z  . ( Z  w '* T (



'*

T ( ” ( Z  . ( Z  w '* T (



D

E











D



E





*OHLFKXQJLQ*O HLQVHW]HQ

(



Z  w '* T  w '* T ( D

E





.

(



Z

w '*  w '* T '* 



D

D

 E

)U(HUJLEWVLFK

w '*  w '* T '* © §

(



Z  w '* T ¨¨ E



D

D

E

· ¸  ¸ ¹



9HUWHLOXQJ



'LHHUUHLFKEDUH*HVDPWOHLVWXQJHUJLEWVLFKDXVGHU6XPPHYRQ(XQG(

w '*  w '* T '* © §

(



” ( Z  w '* T ¨¨ 

E



D

D

E

· ¸ ¸ ¹

w '*  w '* T '* © §



” ¨¨

D

D

E



· ¸ ¸ ¹

+LHUDXVOlVVWVLFKGDVLQ$EED JH]HLJWH/HLVWXQJVNHQQIHOGKHUOHLWHQ $XV GLHVHP .HQQIHOG NDQQ PDQ IU EHOLHELJH 'XUFKVFKOHXVJUDGNRPELQD WLRQHQ GLH HUUHLFKEDUH (LQVFKOHXVOHLVWXQJ ]ZLVFKHQ  XQG  DEOHVHQ 0DQ HUNHQQW MH PHKU *WHU GLUHNW QDFK LKUHU (LQVFKOHXVXQJ LKUH =LHOVWHOOHHUUHLFKHQGHVWRK|KHUZLUGGHU/HLVWXQJV]XZDFKV $XV GLHVHU (UNHQQWQLV KHUDXV ZHUGHQ 0D‰QDKPHQ LQWHUHVVDQW GLH 6RU WLHUJWHUGHQ(LQVFKOHXVXQJHQRGHUGHQ$XVVFKOHXVEHUHLFKHQJH]LHOW]X]X VWHXHUQ +LHU]X H[LVWLHUHQ YHUVFKLHGHQH 0|JOLFKNHLWHQ XQWHUVFKLHGOLFKHQ $XIZDQGVGLHLQ$EEJHJHQEHUJHVWHOOWZHUGHQ %HL GHU GRSSHOWHQ $XVVFKOHXVXQJ $EE  D  VLQG DOOH (QGVWHOOHQ HQW ZHGHU GLUHNW YRP 6RUWHUNUHLVODXI RGHU EHU HLQHQ 4XHUI|UGHUHU DXV GHP DQGHUHQ $XVVFKOHXVEHUHLFK HUUHLFKEDU 6R N|QQHQ DOOH *WHU LQ MHGHP $XVVFKOHXVEHUHLFK $ RGHU %  DXVJHVFKOHXVW ZHUGHQ XQG GLH *HVDPWOHLV WXQJ VWHLJW DXI  DOOHUGLQJV EHL KRKHP I|UGHUWHFKQLVFKHQ =XVDW]DXI ZDQGGHUPLWGHU(QGVWHOOHQ]DKOVWHLJW  :HQLJHU DXIZlQGLJ LVW HLQH 9RUVRUWLHUXQJ EHL GHU GLH *WHU EHU HLQHQ 9RUVRUWHU GLUHNW GHP ULFKWLJHQ (QGVWHOOHQEHUHLFK ]XJHRUGQHW ZHUGHQ 'HU

Ȝ




*


*














E 











*


*


* D 




F 

$EE $QODJHQNRQ]HSWH ]XU 9HUGRSSOXQJ GHV 'XUFKVDW]HV D  GRSSHOWH $XV VFKOHXVXQJHQE $% 9RUVRUWLHUXQJF %\SDVV6WUHFNHQ



'LH6RUWLHUDQODJH

9RUVRUWHU ELOGHW KLHU DEHU LQ %H]XJ DXI 9HUIJEDUNHLW XQG /HLVWXQJ HLQHQ NULWLVFKHQ (QJSDVV VR GDVV GLH %\SDVV/|VXQJ QDFK $EE  F  PLW LQ WHUQHQ )|UGHUVWUHFNHQ IOH[LEOHU XQG IXQNWLRQVVLFKHUHU HUVFKHLQW %HL GHUDU WLJHQ/|VXQJHQLVWMHGRFK ]XEHUFNVLFKWLJHQGDVVXQWHU8PVWlQGHQ GHV 6RUWHUGXUFKVDW]HV EHU GLH %\SDVV6WUHFNH ODXIHQ PXVV 'DKHU LVW VLH HQWVSUHFKHQG]XGLPHQVLRQLHUHQRGHUGRSSHOWDXV]XIKUHQ

9HUWHLOI|UGHUHU

'HU 9HUWHLOI|UGHUHU LVW GDV .HUQHOHPHQW HLQHV 6RUWLHUV\VWHPV 'LH ZHVHQW OLFKHQ 0HUNPDOH XQG (LJHQVFKDIWHQ VRZLH GLH %H]HLFKQXQJ GHV *HVDPW V\VWHPV ZHUGHQ GXUFK GLH *HVWDOWXQJ XQG .RQVWUXNWLRQ GHV 9HUWHLOI|UGH UHUV JHSUlJW :LH LQ .DSLWHO  JH]HLJW ZLUG ZXUGHQ HQWVSUHFKHQG GHQ XQWHUVFKLHGOLFKHQ $QIRUGHUXQJHQ VHKU YHUVFKLHGHQH WHFKQLVFKH /|VXQJHQ HQWZLFNHOW 'HQQRFK NDQQ HLQ SULQ]LSLHOOHU $XIEDX DXV *UXQGHOHPHQWHQ GHU 9HUWHLOI|UGHUHU IHVWJHPDFKW ZHUGHQ GHU EHL GHQ YHUVFKLHGHQHQ 5HDOL VLHUXQJHQZLHGHUNHKUW ,Q $EELVW OLQNV HLQ9HUWHLOI|UGHUHU PLW IUHLHU %HOHJXQJXQG UHFKWV PLW (LQ]HOSODW]EHOHJXQJ GDUJHVWHOOW

'LH %HZHJXQJVIlKLJNHLW HUKDOWHQ

EHLGH GXUFK GDV )|UGHUPLWWHO ZHOFKHV EHL GHU (LQ]HOSODW]EHOHJXQJ DXV HLQHP )DKUZDJHQ EHVWHKW KLQJHJHQ EHL GHU IUHLHQ %HOHJXQJ LQ GHU 5HJHO HLQ 6WHWLJI|UGHUHU LVW 'LH *XWDXIQDKPH HUIROJW GHPHQWVSUHFKHQG GXUFK JlQJLJRGHUEHLGHU(LQ]HOSODW]EHOHJXQJ GLVNUHW 'HU$XVVFKOHXVPHFKDQLVPXVNDQQ]ZDUDOWHUQDWLYDXFKDQGHU(QGVWHOOH IHVWLQVWDOOLHUWVHLQ(UJHK|UWDEHUGHQQRFK]XP 9HUWHLOI|UGHUHU

$EE*UXQGHOHPHQWHHLQHV9HUWHLOI|UGHUHUV

'LHGUHL*UXQGHOHPHQWH

E E E

*XWDXIQDKPH $XVVFKOHXVPHFKDQLVPXVXQG )|UGHUPLWWHO

9HUWHLOXQJ



ILQGHQVLFKLQDOOHQ9HUWHLOI|UGHUHUQZLHGHUZREHLVLHGDQQVSH]LHOOH$XV SUlJXQJHQDQQHKPHQN|QQHQ 'HU V\VWHPDWLVFKHQ 'DUVWHOOXQJ XQG %HVFKUHLEXQJ GHU DXI GLHVHQ *UXQGHOHPHQWHQ DXIEDXHQGHQ 9HUWHLOI|UGHUHU LVW ZHJHQ LKUHV 8PIDQJV XQGLKUHUEHVRQGHUHQ%HGHXWXQJIUGLH6RUWLHUV\VWHPHHLQHLJHQHV.DSLWHO .DS JHZLGPHW

(QGVWHOOHQ

-HQDFK6RUWLHUV\VWHPN|QQHQGLH(QGVWHOOHQGHV*HVDPWLQYHVWPHQWV LQGLH0HFKDQLNXQGELVGHV)OlFKHQYHUEUDXFKVDXVPDFKHQZLHHV $EE HLQGUXFNVYROOGDUVWHOOW :HLWHUKLQ KDEHQ GLH (QGVWHOOHQ XQG LKUH *HVWDOWXQJ HLQHQ ZHVHQWOLFKHQ (LQIOXVV DXI GLH /HLVWXQJVIlKLJNHLW GHV *HVDPWV\VWHPV 'DKHU LVW EHUHLWV EHL GHU 3ODQXQJ HLQHV 6RUWLHUV\VWHPV HLQ EHVRQGHUHV $XJHQPHUN DXI GLH *HVWDOWXQJ GHU (QGVWHOOHQ ]X OHJHQ 7URW] YLHOHU VWDQ GDUGLVLHUWHU (OHPHQWH VLQG GLH (QGVWHOOHQ LQ GHU 5HJHO LQGLYLGXHOOH GHP *XWVSHNWUXP XQG GHQ 3ODW]YHUKlOWQLVVHQ DQJHSDVVWH /|VXQJHQ GLH GXUFK GHQ +HUVWHOOHU LQ =XVDPPHQDUEHLW PLW GHP %HWUHLEHU XQGRGHU GHP $QOD JHQSODQHU HQWZLFNHOW NRQVWUXLHUW XQG QDFK HLQHU (USUREXQJ UHDOLVLHUW ZHU GHQ

$EE 6RUWHU PLW KRKHU (QGVWHOOHQGLFKWH %LOGTXHOOHQ REHQ 7*: XQWHQ 9DQGHUODQGH



'LH6RUWLHUDQODJH

)U GLH *U|‰H XQG $Q]DKO GHU (QGVWHOOHQ LVW GLH MHZHLOLJH 6RUWLHUDXIJDEH PD‰JHEOLFK 'DEHL KlQJW GDV )DVVXQJVYHUP|JHQ GHU (QGVWHOOHQ LP :H VHQWOLFKHQ YRQ GHU $XIWUDJVVWUXNWXU XQG GHQ $UWLNHODEPHVVXQJHQ DE 'LH $Q]DKO GHU (QGVWHOOHQ HUJLEW VLFK GDUEHU KLQDXV DXV GHU YRUJHJHEHQHQ 6\VWHPOHLVWXQJXQGGHUYHUZHQGHWHQ6WHXHUXQJVVWUDWHJLH 9LHOH $XIWUlJH PLW JHULQJHQ $XIWUDJVPHQJHQ HUIRUGHUQ HLQH JUR‰H =DKO DQ (QGVWHOOHQ%HLVSLHOH ILQGHW PDQ LQ /RJLVWLN]HQWUHQ LQ GHQHQGXUFK GLH %QGHOXQJ YLHOH $XIWUlJH PLW ZHQLJHQ 3RVLWLRQHQ XQG (QWQDKPHPHQJHQ HQWVWHKHQ ,Q .RPELQDWLRQ PLW HLQHU GDYRU EHILQGOLFKHQ HUVWHQ .RPPLVVL RQLHUVWXIH ZHUGHQ LQ VROFKHQ 6\VWHPHQ WlJOLFK EHU  $XIWUlJH PLW LP'XUFKVFKQLWWHLQELVYLHU$UWLNHOQVRUWLHUW ,Q DQGHUHQ 6RUWLHUV\VWHPHQ ZHUGHQ ZHQLJHU (QGVWHOOHQ EHQ|WLJW GDIU VLQG ]XVlW]OLFKH )XQNWLRQHQ QRWZHQGLJ GLH LKUHUVHLWV 3ODW] XQG ZHLWHUH 7HFKQLN EHQ|WLJHQ %HLVSLHOH KLHUIU VLQG *HSlFNI|UGHU XQG VRUWLHUDQOD JHQLQ)OXJKlIHQEHLGHQHQGLH(QGVWHOOHQ]X*HSlFNElQGHUQPLWPDQXHO OHU (QWQDKPH ZHUGHQ RGHU 9HUVDQGVRUWHU DQ GHUHQ (QGVWHOOHQ 7RXUHQ EHUHLWJHVWHOOWRGHU)DKU]HXJHEHODGHQZHUGHQ %HL GHQ .XULHU ([SUHVV XQG 3DNHWGLHQVWHQ LVW GLH (QGVWHOOHQ]DKO GXUFK GLH )DKU]LHOH GHU 9HUWHLOIDKU]HXJH EHJUHQ]W GLH VLFK LQ MHZHLOV ZH

$EE 6RUWHU PLW JHULQJHU (QGVWHOOHQGLFKWH UHFKWV6LHPHQV 

%LOGTXHOOHQ OLQNV

,QWHUUROO

9HUWHLOXQJ



QLJH 1DK )HUQ XQG ([SRUWUHODWLRQHQ DXIWHLOHQ 'DV *OHLFKH JLOW IU NOHL QHUH :DUHQ XQG 9HUVDQGKlXVHU GLH QXU DXI ZHQLJH $XVOLHIHUWRXUHQ VRU WLHUHQPVVHQ

$XIJDEHXQG$XIEDXGHU(QGVWHOOHQ

'LH 9',5LFKWOLQLH  GHILQLHUW YLHU ZHVHQWOLFKH $XIJDEHQ GLH IU GLH $XVIKUXQJGHU(QGVWHOOHPD‰JHEHQGVLQG

E

GLH VFKRQHQGH XQG ]XYHUOlVVLJH $EI|UGHUXQJ GHV 6RUWLHUJXWHV YRP 6RU WHU

E E

GLHPDQXHOOH(QWQDKPHGHU6RUWLHUJWHUDXVGHP6RUWLHUSUR]HVV GLH DXWRPDWLVFKH hEHUJDEH DQ ZHLWHUIKUHQGH )|UGHU RGHU 9HUDUEHL WXQJVSUR]HVVHXQG

E

GDV$XIVSHLFKHUQGHV6RUWLHUJXWHV>9',@

+LHUEHL NRPPW ]XU ]XYHUOlVVLJHQ $EI|UGHUXQJ QRFK HLQ 6LFKHUKHLWVDVSHNW KLQ]X GD HLQH )HKOIXQNWLRQ ]X QDFKKDOWLJHQ 6W|UXQJHQ XQG %HVFKlGLJXQ JHQGHV9HUWHLOI|UGHUHUVIKUHQNDQQ 'LH %HKHUUVFKXQJ GHV $XVVFKOHXVYRUJDQJV LQ GLH (QGVWHOOH LVW GDUEHU KLQDXV DXFK IU GLH 2SWLPLHUXQJ XQG /HLVWXQJVVWHLJHUXQJ GHV *HVDPWV\V WHPV YRQ JUR‰HU %HGHXWXQJ 'URVWH KDW GLH %HZHJXQJVYHUOlXIH GHU $XV VFKOHXVXQJYRP.LSSVFKDOHQVRUWHUXQWHUVXFKW>'UR@%|FNHUKDWVLFKDXI GLH%DKQNXUYHQDXIGHU6RUWHUXWVFKHNRQ]HQWULHUW>%|F@6FKPLGWDXIGLH URWLHUHQGHQ6FKDOHQGHV'UHKVRUWHUV>6FK@ $OOHQ $XVVFKOHXVSULQ]LSLHQ JHPHLQ LVW GLH hEHUODJHUXQJ PHKUHUHU *H VFKZLQGLJNHLWVYHNWRUHQ V $EE  'HU *HVFKZLQGLJNHLWVYHNWRU GHV *XWHV Y* ]XP $XVVFKOHXVEHJLQQ VHW]W VLFK DXV GHU )|UGHUJHVFKZLQGLJNHLW GHV9HUWHLOI|UGHUHUVY.VRZLHGHU*HVFKZLQGLJNHLWGHV$XVVFKOHXVPHFKD QLVPXV *XUW 3XVKHU «  Y$0 ]XVDPPHQ 'LH UHVXOWLHUHQGH $XVWULWWVJH VFKZLQGLJNHLWLVWLQMHGHP)DOOK|KHUDOVGLH*HVFKZLQGLJNHLWGHV9HUWHLO I|UGHUHUV XQG EHZLUNW HLQH %HZHJXQJVlQGHUXQJ GHV 6RUWLHUJXWHV 'LH VLFK HUJHEHQGH %DKQNXUYH LVW SDUDEHOI|UPLJ 'LH )RUP GHU 3DUDEHO KDW $XV ZLUNXQJHQ DXI GLH *HVWDOWXQJ GHU (QGVWHOOH 'HP]XIROJH ZLUG PDQ YHUVX FKHQ GLH 3DUDEHOIRUP KLQVLFKWOLFK HLQHU RSWLPDOHQ (QGVWHOOH ]X EHHLQIOXV VHQ+LHU]XVLQGZHLWHUHZLVVHQVFKDIWOLFKH8QWHUVXFKXQJHQQRWZHQGLJGLH ]XP =LHO KDEHQ GLH .LQHPDWLN GHV NRPSOHWWHQ %HZHJXQJVDEODXIV XQWHU YHUVFKLHGHQHQ 3DUDPHWHUQ ]X DQDO\VLHUHQ XQG VR ]X YHUOlVVOLFKHQ 3URJQR VHQ KLQVLFKWOLFK GHU %HZHJXQJVEDKQHQ LQ GHU (QGVWHOOH XQG GDGXUFK ]X NRPSDNWHUHQ%DXIRUPHQ]XNRPPHQ>+R-D+R-E@ 'LH (QGVWHOOH YHUELQGHW GLH DXWRPDWLVLHUWH XQG VFKQHOO EHZHJWH 9HUWHLO WHFKQLN PLW GHQ ]XPHLVW PDQXHOOHQ 3DFNSOlW]HQ RGHU GHU DQJHVFKORVVHQHQ )|UGHUWHFKQLN 6LH OlVVW VLFK IXQNWLRQDO DOV HLJHQVWlQGLJHV )|UGHUPLWWHO



'LH6RUWLHUDQODJH

EHWUDFKWHQ ZHOFKHV VHLQHUVHLWV ZLHGHU DXV HLQ]HOQHQ )XQNWLRQVEHUHLFKHQ PLW

VSH]LHOOHQ

$QIRUGHUXQJHQ

XQG

$XIJDEHQ

EHVWHKW

(QWVSUHFKHQG

$EE ODVVHQVLFKGUHL%HUHLFKHXQWHUVFKHLGHQ

$EE3ULQ]LSLHOOHU$XIEDXHLQHU(QGVWHOOH

E E E

GHUhEHUJDQJVEHUHLFK GLH)|UGHUVWUHFNHXQG GHU6DPPHOEHUHLFK

'HU hEHUJDQJVEHUHLFK VWHOOW GLH 6FKQLWWVWHOOH ]XP 9HUWHLOI|UGHUHU GDU XQG LVW GHP]XIROJH GDUDQ DQ]XSDVVHQ $XV 6LFKHUKHLWVJUQGHQ LVW GLHVHU %H UHLFK PHLVW QLFKW HQWVSUHFKHQG GHU (QGVWHOOHQWHLOXQJ VHJPHQWLHUW +LHU GXUFK VROOHQ 9HUNOHPPXQJHQ ]ZLVFKHQ EHZHJWHQ (OHPHQWHQ GHV 9HUWHLO I|UGHUHUV XQG IHVWHQ $QODJHQNRPSRQHQWHQ GXUFK 5FNVWDX RGHU QLFKW YROOVWlQGLJEHUJHEHQH6RUWLHUJWHUYHUPLHGHQZHUGHQ (V ODVVHQ VLFK SULQ]LSLHOO GLH GUHL LQ $EE JH]HLJWHQ %DXIRUPHQ GHV hEHUJDQJVLQ$EKlQJLJNHLWGHV9HUWHLOI|UGHUHUVXQWHUVFKHLGHQ %HLP .LSSVFKDOHQVRUWHU ZLUG GDV *XW GXUFK VHLWOLFKHV $ENLSSHQ LQ 5LFKWXQJ (QGVWHOOH EHVFKOHXQLJW XQG ]XP 5XWVFKHQ JHEUDFKW XP PLW HL QHP GHILQLHUWHQ +|KHQXQWHUVFKLHG DXIGHQ lKQOLFKJHQHLJWHQ hEHUJDQJ ]X JOHLWHQ 4XHUJXUWI|UGHUHU EHVFKOHXQLJHQ GDV 6RUWLHUJXW DXI $XVVFKOHXVJH VFKZLQGLJNHLW XQG N|QQHQ HV QDKH]X ZDDJHUHFKW EHUJHEHQ WURW]GHP ZHUGHQDXFKEHL4XHUJXUWVRUWHUQ5XWVFKHQDOVhEHUJDQJHLQJHVHW]W 'HU )DOONODSSHQVRUWHU EHQ|WLJW NHLQHQ hEHUJDQJVEHUHLFK GDV *XW JH ODQJWGXUFKGHQIUHLHQ)DOOGLUHNWLQGHQ6DPPHOEHUHLFK7HLOZHLVHZHUGHQ MHGRFK /HLWHOHPHQWH DOV )KUXQJVKLOIHQ YHUZHQGHW GLH SULQ]LSLHOO HEHQ IDOOVDOVhEHUJDQJEH]HLFKQHWZHUGHQN|QQWHQ

9HUWHLOXQJ



$EE$XVVFKOHXVXQJEHLPD .LSSVFKDOHQE 4XHUJXUW XQGF )DOONODSSHQ VRUWHU

'LH )|UGHUVWUHFNH GHU (QGVWHOOH VROO ]XQlFKVW +|KHQ XQG 2UWVXQWHUVFKLH GH ]ZLVFKHQ 9HUWHLOI|UGHUHU XQG GHU 6DPPHOEHUHLFK  EHUEUFNHQ 6LH PXVV DXI GHU HLQHQ 6HLWH HLQ VFKQHOOHV XQG VLFKHUHV $EI|UGHUQ GHU *WHU DXV GHP hEHUJDQJVEHUHLFK JHZlKUOHLVWHQ XQG DXI GHU DQGHUHQ 6HLWH GHUHQ VFKRQHQGHQ7UDQVSRUWPLWHLQHUP|JOLFKVWJHULQJHQ(QGJHVFKZLQGLJNHLWLQ GHQ 6DPPHOEHUHLFK HUP|JOLFKHQ 'LH )|UGHUVWUHFNH GLHQW HEHQIDOOV DOV 3XIIHUIU6SLW]HQEHODVWXQJHQ%DVLHUHQGDXIHLQHU6\VWHPDWLNYRQ%|FNHU ZHOFKH GLH JHVDPWH (QGVWHOOH XPIDVVW >%|F 6 @ N|QQHQ IU GLH )|U GHUVWUHFNH ]XQlFKVW ]ZHL 3ULQ]LSLHQ GHU DNWLYH XQG GHU SDVVLYH )|UGHUHU XQWHUVFKLHGHQZHUGHQ

$EE6\VWHPDWLNGHU(QGVWHOOHQI|UGHUVWUHFNHQ

'LH DQJHWULHEHQHQ DNWLYHQ )|UGHUHU VLQG KLQVLFKWOLFK GHU ,QYHVWLWLRQV XQG :DUWXQJVNRVWHQLQGHU5HJHODXIZlQGLJHUGDIULVWGDV%HZHJXQJVYHUKDO WHQEHVVHU]XNRQWUROOLHUHQXQGVLHVLQGLQLKUHU)XQNWLRQLQVJHVDPW]XYHU OlVVLJHU :HQLJHU .RVWHQDXIZDQG HU]HXJHQ GLH SDVVLYHQ 5ROOHQ 5|OO



'LH6RUWLHUDQODJH

FKHQ XQG .XJHOEDKQHQ 'LH VFKZLHULJHUH %HZHJXQJVNRQWUROOH OlVVW VLFK EHL LKQHQ WHLOZHLVH GXUFK =XVDW]HLQULFKWXQJHQ YHUEHVVHUQ 'HUDUWLJH 0D‰ QDKPHQ ZLH HWZD VWlUNHU JHQHLJWH 5ROOHQEDKQHQ PLW %UHPVUROOHQ IKUHQ DEHUZLHGHUXP ]XK|KHUHQ.RVWHQ %HL GHQ 5ROOHQEDKQHQ VLQG DOOJHPHLQ EHVRQGHUH $QIRUGHUXQJHQ DQ GLH *XWEHVFKDIIHQKHLW PLW HEHQHQ WUDJIlKLJHQ 8QWHUVHLWHQ XQG EHVWLPPWHQ 0LQGHVWDEPHVVXQJHQ ]X VWHOOHQ GLH GDV VRUWLHUIlKLJH *XWVSHNWUXP HLQ VFKUlQNHQ 'LH SUHLVZHUWHVWH WHFKQLVFK HLQIDFKVWH XQG KLQVLFKWOLFK GHU JHHLJQHWHQ*XWVWUXNWXUXQLYHUVHOOH/|VXQJLVWGLH5XWVFKHGLHDOV:HQGHO UXWVFKH ]XGHP QRFK VHKU 3ODW] VSDUHQG LVW 'XUFK GLH NRPSOH[HQ 5HL EXQJVYHUKlOWQLVVH LVW GLH 5XWVFKH KLQVLFKWOLFK GHU )XQNWLRQ DEHU DXFK GLH NULWLVFKVWH $XI GHU HLQHQ 6HLWH VROO DQ MHGHU 6WHOOH IU MHGHV *XW HLQ VHOE VWlQGLJHU %HZHJXQJVZLHGHUEHJLQQ P|JOLFK VHLQ DXI GHU DQGHUHQ 6HLWH GDUI GLH *HVFKZLQGLJNHLW EHLP (LQWULWW LQ GHQ 6DPPHOEHUHLFK QLFKW ]X KRFK VHLQ %HL GHU :HQGHOUXWVFKH ZHUGHQ GLHVH %HGLQJXQJHQ UHODWLY JXW HUIOOW 'HU 6DPPHOEHUHLFK GHU (QGVWHOOH VWHOOW JOHLFK]HLWLJ GLH 6FKQLWWVWHOOH ]X GHQ 3DFNSOlW]HQ GHV 9HUSDFNXQJVEHUHLFKHV GDU XQG XQWHUOLHJW GDKHU DXFK EHVRQGHUHQ HUJRQRPLVFKHQ $QIRUGHUXQJHQ 'HU]HLW EHUZLHJW ]ZDU GLH PDQXHOOH (QWQDKPH GXUFK 3DFNSHUVRQDO DEHU GHU KRKH .RVWHQGUXFN EH ZLUNW LQWHQVLYH )RUVFKXQJV XQG (QWZLFNOXQJVDUEHLWHQ DXI GLHVHP *HELHW 'LH VWHLJHQGH /HLVWXQJVIlKLJNHLW YRQ %LOGHUNHQQXQJVYHUIDKUHQ XQG GHU 6HQVRULNLQVJHVDPWLQ.RPELQDWLRQ PLWSUHLVZHUWHQ 5RERWHUQRGHU+DQG KDEXQJVDXWRPDWHQ ZLUG EDOG GLH :LUWVFKDIWOLFKNHLW XQG )XQNWLRQVVLFKHU KHLW GHU DXWRPDWLVFKHQ (QGVWHOOHQHQWOHHUXQJ HUP|JOLFKHQ 'LH +DXSWIXQN WLRQ GHV 6DPPHOEHUHLFKHV LVW GDV =ZLVFKHQVSHLFKHUQ GHU 6RUWLHUJWHU ELV ]X GHUHQ (QWQDKPH 'DKHU LVW QHEHQ GHU (UJRQRPLH GLH .DSD]LWlW GHV 6DPPHOEHUHLFKHVHLQZHLWHUHVZLFKWLJHV.ULWHULXP 'HU 6DPPHOEHUHLFK EHVWHKW LQ GHU 5HJHO DXV QLFKW DQJHWULHEHQHQ SDVVL YHQ (OHPHQWHQ V $EE  'LH *WHU JHODQJHQ LQ GLHVHQ %HUHLFK XQG ZHUGHQDQVFKOLH‰HQGOHGLJOLFKGXUFKQDFKIROJHQGH*WHURGHUGLH6FKZHU NUDIW EHZHJW XQG GDEHL PHLVW HQJHU DXIHLQDQGHU YHUGLFKWHW 'LH PDQFKPDO ELV ]XU (QWQDKPH UHLFKHQGHQ DQJHWULHEHQHQ *XUWI|UGHUHU JHK|UHQ QLFKW ]XP6DPPHOEHUHLFKVRQGHUQJHK|UHQ]XU)|UGHUVWUHFNHGHU(QGVWHOOH

$EE0|JOLFKNHLWHQGHU6DPPHOEHUHLFKVJHVWDOWXQJ

9HUWHLOXQJ



'LH $EODJHQ VLQG PHLVW lKQOLFK GHQ 5XWVFKHQ DXIJHEDXW DOOHUGLQJV RKQH 1HLJXQJ 7HLOZHLVH ZHUGHQ ]XVlW]OLFK )L[LHUHLQULFKWXQJHQ LQWHJULHUW ZHO FKH GLH *WHU LQ HLQH EHVWLPPWH 2ULHQWLHUXQJ EULQJHQ XP EHLVSLHOVZHLVH HLQHDXWRPDWLVFKH(QWQDKPH]XHUP|JOLFKHQ%HLP 6DPPHOQLQ%HKlOWHUQ VLQG WUDJEDUH .OHLQEHKlOWHUQ UROOIlKLJH RGHU SHU )OXUI|UGHU]HXJ ]X EHZH JHQGH*UR‰EHKlOWHUVRZLHZHLFKH8PYHUSDFNXQJHQZLH%HXWHOXQG6lFNH YRQHLQDQGHU]XXQWHUVFKHLGHQ =XU *HVWDOWXQJ VWHKHQ DOVR YHUVFKLHGHQVWH *UXQGHOHPHQWH ]XU 9HUI JXQJ GLH PLWHLQDQGHU NRPELQLHUW XQG LQGLYLGXHOO DQJHSDVVW ]X DQIRUGH UXQJVJHUHFKWHQ(QGVWHOOHQDXIJHEDXWZHUGHQN|QQHQ

*HNRSSHOWH(QGVWHOOHQ

'XUFK HLQH .RSSOXQJ YRQ (QGVWHOOHQ ODVVHQ VLFK JHJHEHQHQIDOOV ZHLWHUH 9RUWHLOH LP =XVDPPHQKDQJ PLW GHP *HVDPWV\VWHP HU]LHOHQ 8QWHU HLQHU .RSSOXQJ LVW ]X YHUVWHKHQ GDVV HLQH (QGVWHOOH SULQ]LSLHOO YRQ ]ZHL RGHU PHKUHUHQ $EZXUISRVLWLRQHQ EHU ]XVlW]OLFKH )|UGHUVWUHFNHQ HUUHLFKW ZHU GHQNDQQ


*
*


*










*
*


* D 

E 

$EE*HNRSSHOWH(QGVWHOOHQD GRSSHOWH$XVVFKOHXVXQJE 6RUWHUNRSSOXQJ

,QVEHVRQGHUH EHL PHKUHUHQ (LQVFKOHXVEHUHLFKHQ N|QQWHQ VR GLH $% 9RUVRUWLHUXQJ RGHU GLH %\SDVVI|UGHUHU HQWIDOOHQ $OOHUGLQJV LVW GHU I|UGHU WHFKQLVFKH $XIZDQG K|KHU GD ]ZLVFKHQ DOOHQ (QGVWHOOHQ GHV $ XQG GHV %%HUHLFKHV)|UGHUHUEHQ|WLJWZHUGHQ



'LH6RUWLHUDQODJH

(LQ ZHLWHUHV =LHO GHU (QGVWHOOHQNRSSOXQJ EHVWHKW GDULQ PHKUHUH 6RUWHU PLWHLQDQGHU ]X YHUELQGHQ XP GLH 1HQQVRUWLHUOHLVWXQJ ]X HUK|KHQ (LQ JDQJV ZXUGH GDUJHVWHOOW GDVV VSH]LHOO LQ GHQ 0HJDKXEV GHU .(3 'LHQVWOHLVWHU GLH EHQ|WLJWHQ /HLVWXQJHQ HUKHEOLFK EHU GHP /HLVWXQJVSR WHQ]LDO HLQ]HOQHU 6RUWHU OLHJHQ VR GDVV KLHU PLW HLQHU PDWUL[DUWLJHQ .RSS OXQJ PHKUHUHU 6RUWHU GLH EHQ|WLJWHQ /HLVWXQJHQ YRQELV EHU  6RU WLHUXQJHQ SUR 6WXQGH GDUVWHOOEDU VLQG ,Q $EE E  LVW HLQH 0DWUL[ $QRUGQXQJ PLW ]ZHL 6RUWHUQ GDUJHVWHOOW 0DQ HUNHQQW GDV 3ULQ]LS GDVV MHGH (QGVWHOOH GXUFK MHGHQ $XVVFKOHXVEHUHLFK MHGHV 6RUWHUV HUUHLFKW ZHU GHQ NDQQ VR GDVV VLFK GLH /HLVWXQJ GHU 6RUWHU DGGLHUHQ OlVVW :HQQ GLH 6RUWHU GDQQ EHU ]ZHL (LQVFKOHXVEHUHLFKH YHUIJHQ NDQQ VFKRQ RKQH =X VDW]PD‰QDKPHQ GLH GRSSHOWH 1HQQOHLVWXQJ HUUHLFKW ZHUGHQ +LHUGXUFK HUJLEWVLFKIROJHQGHU=XVDPPHQKDQJ

Q

p

0DWU  PD[

Z ¦Tp

6RUW  L  PD[

L

Ȝ0DWUPD[

 >6WFNV@

Z

 PD[LPDOHU'XUFKVDW]GHU6RUWHUPDWUL[>6WFNV@

L

 /DXIYDULDEOH>@

Q

 $Q]DKOGHU6RUWHU>@

Ȝ6RUWLPD[

 PD[LPDOHU'XUFKVDW]GHV6RUWHUVL>6WFNV@

%HL 6RUWHUQ JOHLFKHU /HLVWXQJ VWHLJHUW VLFK DOVR EHL HLQHU HQWVSUHFKHQGHQ (UZHLWHUXQJ YRQ HLQHP 6RUWHU PLW ]ZHL(LQVFKOHXVEHUHLFKHQ DXI YLHU JOHL FKH6RUWHULQ0DWUL[DQRUGQXQJGHU1HQQGXUFKVDW]YRQDXI $OV %HLVSLHO HLQHU 0DWUL[DQRUGQXQJ ZLUG DXI GDV LQ $EVFKQ  EH VFKULHEHQH 6RUWLHUV\VWHPH YHUZLHVHQ 'DV LQ $EE  LP /D\RXW JH]HLJWH 6RUWLHUV\VWHP HUVWUHFNW VLFK EHU HLQH )OlFKH YRQ  4XDGUDWPHWHUQ 'LH 0DWUL[DQRUGQXQJ GHU 6RUWHU OlVVW VLFK VHKU JXW HUNHQQHQ XQG HUUHLFKW HLQH6\VWHPOHLVWXQJYRQ(LQKHLWHQSUR6WXQGH>836E@

$EI|UGHUXQJ

'LH $EI|UGHUXQJ LVW PDWHULDOIOXVVWHFKQLVFK GHU OHW]WH )XQNWLRQVEHUHLFK LQ GHU 6RUWLHUDQODJH (QWZHGHU ZHUGHQ GLH VRUWLHUWHQ *WHU DXV GHQ (QGVWHO OHQ GLUHNW LQ GLH IROJHQGHQ 0DWHULDOIOXVVEHUHLFKH JHI|UGHUW RGHU GLH (QG VWHOOHQ ZHUGHQ EHU PDQXHOOH RGHU DXWRPDWLVFKH 3DFNDUEHLWVSOlW]H JHOHHUW ZHOFKH GLH 6RUWLHUJWHU PLW HQWVSUHFKHQGHQ %HJOHLWLQIRUPDWLRQHQ XQG 9HUSDFNXQJVPDWHULDOLHQ ]X YHUVDQGIlKLJHQ 3DFNVWFNHQ YHUDUEHLWHW 'LH



$EI|UGHUXQJ



$EI|UGHUXQJGHU 3DFNVWFNH DXV GHP 3DFNEHUHLFK JHK|UW GDQQ QLFKW PHKU ]XP6RUWLHUV\VWHP

9HUSDFNXQJVEHUHLFK

/HLVWXQJ XQG 2UJDQLVDWLRQ GHV 3DFNEHUHLFKHV KDEHQ HQWVFKHLGHQGHQ (LQ IOXVV DXI GLH *HVDPWOHLVWXQJ XQG VLQG JOHLFK]HLWLJ ZHJHQ GHU ]XPHLVW PD QXHOOHQ%HGLHQXQJGHQHUJRQRPLVFKHQ*UXQGODJHQGHU$UEHLWVSODW]JHVWDO WXQJDQ]XSDVVHQ 'LH9HUSDFNXQJNDQQPDQXHOOWHLODXWRPDWLVLHUWRGHUDXWRPDWLVFKHUIRO JHQ3ULQ]LSLHOOVLQGLPPHUIROJHQGH$UEHLWVVFKULWWHGXUFK]XIKUHQ  $XVZDKOXQG9RUEHUHLWXQJGHU9HUVDQGHLQKHLWHQ   (QWQDKPHGHU7HLOHDXVGHU(QGVWHOOH(LQ]HOHQWQDKPHRGHUDOOH7HLOH JOHLFK]HLWLJ   3DFNHQLQGLH9HUVDQGHLQKHLWHQ   /LHIHUVFKHLQXQG(WLNHWWHQGUXFNLQLWLLHUHQ  $EVFKOXVVDUEHLWHQGXUFKIKUHQ  )UHLJHEHQGHU(QGVWHOOH  $EWUDQVSRUWGHU9HUVDQGHLQKHLWHQ>5DG6@ 'DV3DFNV\VWHPEHVWHKWDXVPHKUHUHQ3DFNEHUHLFKHQRGHU3DFNSOlW]HQGLH PHKUHUHQ (QGVWHOOHQ IHVW IOH[LEHO RGHU DXFK EHUODSSHQG ]XJHRUGQHW ZHU GHQ

0DQXHOOH3DFNSOlW]H

,Q YLHOHQ 6\VWHPHQ ZHUGHQ GLH (QGVWHOOHQ PLW /LFKW]HLFKHQ ]XU ,QIRUPDWL RQ XQG 6WHXHUXQJ GHV 3DFNSHUVRQDOV DXVJHVWDWWHW +lXILJ VLQG ZHLWHUH $Q]HLJHQ7HUPLQDOVRGHU&RPSXWHUYRUKDQGHQGLHGHP 3HUVRQDOGDUEHU KLQDXV VSH]LHOOH 3DFNYRUVFKULIWHQ RGHU .RQWUROOLQIRUPDWLRQHQ OLHIHUQ XQG PLW ]XVlW]OLFKHQ 'UXFNHUQ /LHIHUVFKHLQH 5HFKQXQJHQ XQG (WLNHWWHQ GUX FNHQ 'HU $UEHLWVSODW] LVW LQ GHU 5HJHO LQQHUKDOE GHV $UEHLWVEHUHLFKHV HQWODQJGHU(QGVWHOOHQ]XYHUVFKLHEHQ $P 3DFNSODW] VWHKW GHU 0HQVFK ,Q GHU ',1  Ä*HVWDOWHQ YRQ $U EHLWVV\VWHPHQ QDFK DUEHLWVZLVVHQVFKDIWOLFKHQ (UNHQQWQLVVHQ³ VLQG DOOJH PHLQH /HLWVlW]H IRUPXOLHUW GLH DOV /HLWIDGHQ IU GHQ $XIEDX XQG GLH *HV WDOWXQJGHV3DFNDUEHLWVSODW]HVGLHQHQN|QQHQ

E

$QWKURSRPHWULVFKH*HVWDOWXQJ 'LH DQWKURSRPHWULVFKH *HVWDOWXQJ GHV $UEHLWVSODW]HV EHVWHKW DXV 0D‰ QDKPHQ ]XU $QSDVVXQJ GHU $EPHVVXQJHQ DP $UEHLWVSODW] DQ GLH $E PD‰HGHVPHQVFKOLFKHQ.|USHUV'LH0D‰QDKPHQN|QQHQDOV



'LH6RUWLHUDQODJH



$XVOHJHQGHV%HZHJXQJVUDXPHVIU$UPHXQG%HLQH



)HVWOHJHQGHU$UEHLWVIOlFKHQDFK+|KHXQG$QRUGQXQJ



$QSDVVHQGHU6LW]JHOHJHQKHLWXQGRGHU



*HVWDOWHQGHU*ULIIHQDFK)RUP$EPHVVXQJ$QRUGQXQJ

GXUFKJHIKUWZHUGHQ>',1@ %HLP $XVOHJHQ GHV %HZHJXQJVUDXPHV XQG )HVWOHJHQ GHU $UEHLWVIOl FKH LVW HV ZLFKWLJ GLH 0|JOLFKNHLW GHU %HGLHQXQJ RGHU %HQXW]XQJ YRQ $UEHLWVSOlW]HQGXUFKHLQH9LHO]DKOYRQ3HUVRQHQLG 53UR]HQWGHU %HQXW]HUJUXSSH 

XQWHUVFKLHGOLFKHU

.|USHUJU|‰HQ

]X

JHZlKUOHLVWHQ

$QWKURSRPHWULVFKH 'DWHQ VLQG ]% LQ ',1  Ä.|USHUPD‰H GHV 0HQVFKHQ³XQG',1Ä6LFKHUKHLWVJHUHFKWHV*HVWDOWHQ³%ODWW]X ILQGHQ 1DFK GHQ (UNHQQWQLVVHQ GHU $UEHLWVZLVVHQVFKDIW XQG GHU (UJRQRPLH LVW HV GHXWOLFK GDVV DP $UEHLWVSODW] HLQH .RPELQDWLRQ DXV 6LW]HQ XQG 6WHKHQ DQ]XVWUHEHQ LVW +LOIVPLWWHO GDIU VLQG ]% GLH 6WHKSXOWH ZHQQ HLQH*HVWDOWXQJPLWNODVVLVFKHQ6LW]P|EHOQQLFKWP|JOLFKLVW

E

3K\VLRORJLVFKH*HVWDOWXQJ 'LH SK\VLRORJLVFKH *HVWDOWXQJ YHUODQJW HLQH $QSDVVXQJ GHU $UEHLWVEH GLQJXQJHQ DQ GLH /HLVWXQJVIlKLJNHLW GHV 0HQVFKHQ 'DV EHLQKDOWHW QDFK',1



GLH:DKOGHUJQVWLJVWHQ.|USHUKDOWXQJ



GLH%HUFNVLFKWLJXQJGHU.|USHUNUlIWH



GLH*HVWDOWXQJYRQ$Q]HLJHQ6LJQDOHQXQG6WHOOWHLOHQ



GLH*HVWDOWXQJYRQ%HOHXFKWXQJ/lUP XQG.OLPD

'LH SK\VLRORJLVFK JQVWLJVWH .|USHUKDOWXQJ EHLP $UEHLWHQ LVW 6LW]HQ RGHU 6WHKHQ +lXILJHV RGHU OlQJHUIULVWLJHV 9RUEHXJHQ NDQQ VFKQHOO ]X hEHUPGXQJIKUHQ'HVKDOELVWHVZLFKWLJGLH$UEHLWVJHJHQVWlQGHXQG PLWWHO VR ]X JHVWDOWHQ GDVV GHUDUW XQJQVWLJH .|USHUKDOWXQJHQ YHUPLH GHQZHUGHQ 'LH %HUFNVLFKWLJXQJ GHU .|USHUNUlIWH LVW GLH ZLFKWLJVWH %HGLQJXQJ IUGLH*HVWDOWXQJGHV$UEHLWVSODW]HV± HVLVWYRUDOOHPIHVW]XVWHOOHQRE GLH]XHUIOOHQGH7lWLJNHLWEHUKDXSWDXVIKUEDUHUWUlJOLFKRGHU]XPXW EDULVW

E

%HZHJXQJVWHFKQLVFKH*HVWDOWXQJ 'XUFK GLH *HVWDOWXQJ GHU %HZHJXQJVDEOlXIH VROO GLH $UEHLWVPHWKRGH EHL +DQGDUEHLW JHVWDOWHW

ZHUGHQ 'LH PDQXHOOHQ 7lWLJNHLWHQ ZHUGHQ

QDFK DUEHLWVZLVVHQVFKDIWOLFKHQ .ULWHULHQ JHVWDOWHW XQG HYHQWXHOO RSWL PLHUW 'LH $XVIKUXQJ GHU $UEHLWVDXIJDEH VHW]W GLH )HVWOHJXQJ YRQ 5H JHOQYRUDXVGLHGHQ$UEHLWVDEODXIEHLHLQHPEHVWLPPWHQ$UEHLWVYHUIDK UHQJHQDXGHILQLHUHQ+LOIHELHWHWGDEHLGLH)HUWLJXQJVYRUEHUHLWXQJGLH



$EI|UGHUXQJ



DOOH0HWKRGHQXQG9HUIDKUHQ]XUIHUWLJXQJVJHUHFKWHQ3ODQXQJXQG*HV WDOWXQJYRQ$UEHLWVV\VWHPHQXPIDVVW

E

3V\FKRORJLVFKH*HVWDOWXQJ 'LH SV\FKRORJLVFKH *HVWDOWXQJ EHLQKDOWHW 0D‰QDKPHQ ZLH ]% )DUE JHVWDOWXQJ ]XU 0RWLYLHUXQJ GHV 3HUVRQDOV GXUFK 6FKDIIXQJ HLQHU DQJH QHKPHQ $WPRVSKlUH 2UGQXQJ XQG 6LFKHUKHLW DP $UEHLWVSODW] =LHO LVW HV GLH 6WLPPXQJ GHU $UEHLWHQGHQ SRVLWLY ]X EHHLQIOXVVHQ XQG GDPLW 9RUDXVVHW]XQJHQIUHLQHK|KHUHSHUV|QOLFKH/HLVWXQJ]XVFKDIIHQ

E

6LFKHUKHLWVWHFKQLVFKH*HVWDOWXQJ )U GLH VLFKHUKHLWVWHFKQLVFKH *HVWDOWXQJ JLEW HV NHLQH DOOJHPHLQHQ %H VWLPPXQJHQ IU 3DFNSOlW]H GD GLHVH DXI GLH %DXDUW XQG QLFKW DXI GHQ 9HUZHQGXQJV]ZHFN HLQHV *HUlWHV DEJHVWHOOW VLQG (V VLQG GDKHU GLH DXI GLH MHZHLOV HLQJHVHW]WH *HUlWHDUW EH]RJHQHQ 9RUVFKULIWHQ JOWLJ *HVHW] EHU WHFKQLVFKH $UEHLWVPLWWHO *HZHUEHRUGQXQJ  $UEHLWVVLFKHUKHLWVJH VHW] 3URGXNWKDIWXQJVJHVHW] $UEHLWVVWlWWHQYHURUGQXQJ (*0DVFKLQHQ VFKXW]5LFKWOLQLH 9', Ä(UJRQRPLVFKH *HVWDOWXQJ YRQ .RPPLVVL RQLHUDUEHLWVSOlW]HQ³ 8QIDOOYHUKWXQJVYRUVFKULIWHQ GHU %HUXIVJHQRVVHQ VFKDIWHQXVZ *UXQGVlW]OLFK HQWVSULFKW GLH $UEHLWVSODW]JHVWDOWXQJ GHU (QGVWHOOH GHQ 5LFKWOLQLHQ GHU .RPPLVVLRQLHUDUEHLWVSOlW]H LQ %H]XJ DXI *UHLIK|KH *UHLIWLHIH)DUEJHVWDOWXQJHWF

E

7HFKQRORJLVFKHXQGWHFKQLVFKH*HVWDOWXQJ 'LH WHFKQRORJLVFKH XQG WHFKQLVFKH *HVWDOWXQJ ZLUG GXUFK GLH $XVZDKO GHV $UEHLWVYHUIDKUHQV XQGGHU %HWULHEVPLWWHO EHVWLPPW :LFKWLJLVW HLQH JXWHWHFKQLVFKH1XW]XQJDOOHU(OHPHQWHGHV$UEHLWVV\VWHPV]XVFKDIIHQ VR GDVV HLQ UlXPOLFKHV XQG ]HLWOLFKHV =XVDPPHQZLUNHQ MHGHU]HLW JH ZlKUOHLVWHWLVW

,QVJHVDPW IOLH‰HQ EHL GHU *HVWDOWXQJ PDQXHOOHU 3DFNSOlW]H XQWHUVFKLHGOL FKH.ULWHULHQ]XVDPPHQ GLHVHKUKlXILJGHQLQGLYLGXHOOHQ$QIRUGHUXQJHQ HQWVWDPPHQ 'DKHU JLEW HV QLFKW ÄGHQ³ RSWLPDOHQ 3DFNDUEHLWVSODW] VRQ GHUQ PDQ ZLUG LQ GHU 3UD[LV XQWHU %HWHLOLJXQJ DOOHU Ä%HWURIIHQHQ³ LQVEH VRQGHUH GHV 3DFNSHUVRQDOV XQG 9HUDQWZRUWOLFKHQ EDVLHUHQG DXI (UIDKUXQ JHQ 5LFKWOLQLHQ XQG GHQ WHFKQLVFKHQ 0|JOLFKNHLWHQ HLQHQ DQJHSDVVWHQ 3DFNDUEHLWVSODW] JHVWDOWHQ XQG LP /DXIHGHV %HWULHEHV UHJHOPl‰LJ DQ QHXH (UNHQQWQLVVH RGHU 9RUDXVVHW]XQJHQ DQSDVVHQ PVVHQ ,Q $EE

LVW

EHLVSLHOKDIWHLQEHZHJOLFKHU3DFNSODW]IUNOHLQWHLOLJH*WHUGDUJHVWHOOW 1DFK GHP 3DFNYRUJDQJ ZLUG GLH YHUVDQGIHUWLJH 6HQGXQJ HLQHP LQWHJ ULHUWHQ $E]XJVI|UGHUHU EHUJHEHQ 'HU KLHU QRWZHQGLJH %DXUDXP LVW EHL GHU /D\RXWSODQXQJ GHU (QGVWHOOHQ HEHQVR ]X EHUFNVLFKWLJHQ ZLH QRWZHQ GLJH)DKUZHJHPLWIHVWHQ'XUFKIDKUK|KHQGHVLQQHUEHWULHEOLFKHQ9HUNHKUV >+LQ@



'LH6RUWLHUDQODJH

$EE%HZHJOLFKHU3DFNSODW]4XHOOH%(80(5

$XWRPDWLVFKH3DFNSOlW]H

,Q HLQHP DXWRPDWLVFKHQ 3DFNEHUHLFK ZHUGHQ GLH *WHU GXUFK HLQH +DQG KDEXQJVHLQULFKWXQJ ]XPHLVW GXUFK HLQHQ 5RERWHU DXV GHU (QGVWHOOH HQW QRPPHQ 'LH ZDFKVHQGHQ 0|JOLFKNHLWHQ GHU %LOGHUIDVVXQJ XQG $QDO\VH VRZLH OHLVWXQJVIlKLJH XQG NRVWHQJQVWLJH ,QGXVWULHURERWHU ZHUGHQ LQ GHQ QlFKVWHQ-DKUHQ]XHLQHU=XQDKPHGHUDXWRPDWLVFKHQ3DFNV\VWHPHIKUHQ

D 

E 

F 

$EE %HLVSLHOH DXWRPDWLVFKHU (QGVWHOOHQHQWOHHUXQJ D  3DOHWWLHUHQ E  8PVWD SHOQF /DJHQSDOHWWLHUHQ

'HU9HUWHLOI|UGHUHU

=HQWUDOHV (OHPHQW HLQHV 6RUWLHUV\VWHPV LVW GHU 9HUWHLOI|UGHUHU (U IDVVW GLH )XQNWLRQHQ 7UDQVSRUW XQG $XVVFKOHXVXQJ ]XVDPPHQ (U LVW JHPHLQVDP PLWGHU(LQVFKOHXVXQJXQG GHQ(QGVWHOOHQ+DXSWEHVWDQGWHLOGHV6RUWHUV ,P /DXIH GHU (QWZLFNOXQJ KDW VLFK DXV GHQ ZDFKVHQGHQ XQG ZHFKVHOQ GHQ $QIRUGHUXQJHQ VHLWHQV GHU $QZHQGHU HLQH 9LHO]DKO XQWHUVFKLHGOLFKHU 6\VWHPH HQWZLFNHOW =XU V\VWHPDWLVFKHQ 'DUVWHOOXQJ EHVWHKHQ YHUVFKLHGH QH0|JOLFKNHLWHQGHU.ODVVLIL]LHUXQJ

6WUXNWXURULHQWLHUWH.ODVVLIL]LHUXQJ



+LQVLFKWOLFK GHU 6WUXNWXU  N|QQHQ HQWVSUHFKHQG $EE GUHL 9DULDQWHQ XQWHUVFKLHGHQZHUGHQGLH/LQLHQGLH5LQJXQGGLH.UHLVVWUXNWXU'LHLVW YRQ PHKUHUHQ 3DUDPHWHUQ DEKlQJLJ 'LH ]XU 9HUIJXQJ VWHKHQGH )OlFKH GLH $XIWUDJVVWUXNWXU XQG GLH HLQJHVHW]WH 7HFKQLN VLQG ZLFKWLJH .ULWHULHQ ]XU(QWVFKHLGXQJIUHLQHEHVWLPPWH6WUXNWXU$OOJHPHLQHXQGIL[H5HJHOQ H[LVWLHUHQDOOHUGLQJVQLFKW %HLP6RUWHULQ/LQLHQVWUXNWXUVROOWHGDVDXIGHP9HUWHLOI|UGHUHUEHILQG OLFKH 6WFNJXW ELV ]XU OHW]WHQ (QGVWHOOH DXVJHVFKOHXVW ZHUGHQ N|QQHQ 'LH =DKOGHU(QGVWHOOHQPXVVGD]XJU|‰HURGHUJOHLFKGHU$Q]DKOGHU=LHOUHOD WLRQHQ VHLQ $QVRQVWHQ PXVV GDV *XW EHU HLQH H[WHUQH 5FNIKUXQJ ZLH GHU]XU(LQVFKOHXVXQJJHI|UGHUWZHUGHQ (LQ KlXILJHU (LQVDW]EHUHLFK VLQG 9HUWHLO]HQWUHQ GHU .(3%UDQFKH RGHU &URVV'RFNLQJV\VWHPH ]XU )LOLDOEHOLHIHUXQJ EHL GHQHQ HLQH IHVWH XQG EHUVFKDXEDUH $Q]DKO DQ =LHOUHODWLRQHQ W\SLVFK LVW 'LH LP (LQJDQJVEH UHLFK DXV GHQ 6DPPHOYHUNHKUHQ NRPPHQGHQ *WHU ZHUGHQ NRQWLQXLHUOLFK DXI GLH (QGVWHOOHQ YHUWHLOW XQG KlXILJ GLUHNW LQ GLH EHUHLWVWHKHQGHQ /.: :HFKVHOEUFNHQRGHU&RQWDLQHUJHI|UGHUW



8QWHU6WUXNWXU ZLUGKLHUGLHJHRPHWULVFKH)RUP YHUVWDQGHQ



'HU9HUWHLOI|UGHUHU

D 

E 

F 

$EE 6WUXNWXUYDULDQWHQ D /LQLHQVWUXNWXUE 5LQJVWUXNWXUF .UHLVVWUXNWXU

'LH 6WUHFNHQIKUXQJ HLQHV 9HUWHLOI|UGHUHUV LQ 5LQJVWUXNWXU NDQQ NRPSOH [HU YHUODXIHQ DOV LQ $EE  E  VNL]]LHUW 6R N|QQHQ .XUYHQ LQ EHLGH 5LFKWXQJHQ XQG EHL HLQHP JHHLJQHWHQ )|UGHUPLWWHO DXFK PRGHUDWH 6WHL JXQJHQ XQG *HIlOOH UHDOLVLHUW ZHUGHQ 'LH )|UGHUHU N|QQHQ DXFK GXUFK PHKUHUH+DOOHQXQG%HUHLFKHJHIKUWZHUGHQVRODQJHVLFKHLQJHVFKORVVH QHU5LQJELOGHW9HUWHLOI|UGHUHULQ5LQJVWUXNWXUHUODXEHQGLH5H]LUNXODWLRQ GHU 6RUWLHUJWHU $XI GHP )|UGHUHU EHILQGOLFKH *WHU GLH QLFKW DXVJH VFKOHXVWZHUGHQN|QQHQHUUHLFKHQDXWRPDWLVFKZLHGHUGLH(LQVFKOHXVSRVL WLRQ XP GDQDFK HLQ ZHLWHUHV 0DO ]XU (QGVWHOOH ]X JHODQJHQ 'LHVH 0|J OLFKNHLW HU|IIQHW HLQLJH 9DULDWLRQVP|JOLFKNHLWHQ GHU %HWULHEVVWUDWHJLH V $EVFKQ   PLW GHP =LHO HLQHU /HLVWXQJVVWHLJHUXQJ GLH DEHU PLW ]XQHK PHQGHU=DKOPHKUIDFK]LUNXOLHUHQGHU*WHUDXFK]XPJHJHQWHLOLJHQ(IIHNW IKUHQNDQQ 'LH 5LQJVWUXNWXU XQWHUVWW]W JHQHUHOO GHQ %DWFKEHWULHE EHL GHP ]X MH GHP %DWFKODXI GHQ (QGVWHOOHQ QHXH =LHOH ]XJHRUGQHW ZHUGHQ +LHUGXUFK ELHWHW VLFK GLH 5LQJVWUXNWXU IU $XIWUDJVVWUXNWXUHQ PLW YLHOHQ DEHU HKHU NOHLQHQ$XIWUlJHQDQ :HLWHUH /HLVWXQJVVWHLJHUXQJHQ ELV DXI  VLQG GXUFK PHKUHUH DXI GHP 5LQJ YHUWHLOWH (LQVFKOHXVXQJHQ P|JOLFK GD KLHUGXUFK XQWHU 8PVWlQ GHQHLQLJH*XWDXIODJHQGHV9HUWHLOI|UGHUHUVZlKUHQGHLQHV8PODXIVPHKU IDFK EHOHJW ZHUGHQ N|QQHQ V $EVFKQ   ,Q GHU 5HJHO VLQG GLH )|U GHUPLWWHO

UDXPJlQJLJ

VR

GDVV

XQWHUVFKLHGOLFKH

+|KHQ

EHL

GHU

6WUHFNHQIKUXQJ P|JOLFK VLQG 'LH LQ GHU 5HJHO ZHVHQWOLFK NRPSOH[HUHQ $QODJHQ GHU 5LQJVWUXNWXU ZHUGHQ YRUQHKPOLFK LP +DQGHO XQG GHU 'LVWUL EXWLRQHLQJHVHW]W %HL GHU .UHLVVWUXNWXU HUIROJW GLH (LQVFKOHXVXQJ LQ HLQ URWLHUHQGHV 6\V WHP LQ GHU 5HJHO 3RO\JRQ RGHU 6FKHLEH +LHUGXUFK VLQG VHKU NRPSDNWH NLQHPDWLVFK HLQIDFKH 6RUWHU UHDOLVLHUEDU GLH MHGRFK V\VWHPEHGLQJW EHU HLQHHLQJHVFKUlQNWH$Q]DKOYRQ(QGVWHOOHQYHUIJHQ

/HLVWXQJVRULHQWLHUWH.ODVVLIL]LHUXQJ



7KHRUHWLVFK N|QQHQ *WHU HEHQIDOOV PHKUIDFK ]LUNXOLHUHQ XP PHKU =LHOUHODWLRQHQ DOV (QGVWHOOHQ ]X EHDUEHLWHQ REZRKO ZHJHQ GHU JHULQJHQ 6SHLFKHUNDSD]LWlWKLHUVHKUVFKQHOOGLH*HIDKUGHV9HUVWRSIHQVEHVWHKW%HL YHUKlOWQLVPl‰LJ QLHGULJHP WHFKQLVFKHP $XIZDQG ZLUG HLQH PLWWOHUH 6RU WLHUOHLVWXQJ EHL JHULQJHP 3ODW]EHGDUI HUUHLFKW 7\SLVFKH (LQVDW]IlOOH VLQG NOHLQHUH GH]HQWUDOH VNDOLHUEDUH /RJLVWLNVWUXNWXUHQ GLH 5HWRXUHQVRUWLHUXQJ RGHUGHU(UVDW]YRQELVKHUPDQXHOOHQ6RUWLHUXQJHQLQQHUKDOEGHU3URGXNWL RQGHU(QWVRUJXQJXQGGHU'LVWULEXWLRQ 'LH (QWVFKHLGXQJ KLQVLFKWOLFK 5LQJ RGHU /LQLHQVWUXNWXU LVW LP *HJHQ VDW]]XU5RWDWLRQVVWUXNWXUQLFKW]ZDQJVOlXILJHLQH9RUHQWVFKHLGXQJEH]J OLFKGHU6RUWHUWHFKQLN2EZRKOVLFKUDXPJlQJLJH7HFKQLNHQZLH4XHUJXUW RGHU .LSSVFKDOHQVRUWHU EHVRQGHUV IU GHQ $XIEDX LQ 5LQJIRUP

HLJQHQ

N|QQHQ WKHRUHWLVFK DXFK PHKUHUH OLQLHQI|UPLJ RULHQWLHUWH 6RUWHU ]X HLQHP 5LQJ YHUEXQGHQ ZHUGHQ $QGHUHUVHLWV VLQG .LSSVFKDOHQVRUWHU LQ YHUWLNDOHU %DXZHLVHDXFKGHU/LQLHQVWUXNWXU]X]XRUGQHQ

/HLVWXQJVRULHQWLHUWH.ODVVLIL]LHUXQJ

'LH1HQQOHLVWXQJHLQHV6RUWHUVLVW]ZDUHLQZLFKWLJHV.ULWHULXPDOOHUGLQJV DXFK YRQ YLHOHQ 3DUDPHWHUQ DEKlQJLJ VR GDVV JOHLFKH 6RUWHUW\SHQ MH QDFK *XWJHZLFKWHQ RGHU DEPHVVXQJHQ VHKU XQWHUVFKLHGOLFKH /HLVWXQJHQ HUUHL FKHQ'DKHUVLQGGHUDUWLJH/HLVWXQJV]XRUGQXQJHQ]XU6RUWHUW\SHQ>/LQ@ >5DG@ >-6@ >+LU@ >5HG@ ]ZDU KLOIUHLFK DEHU QLFKW XQEHGLQJW HLQGHXWLJ XQG DOOJHPHLQJOWLJ 'HQQRFK ODVVHQ VLFK /HLVWXQJVEHUHLFKH LGHQWLIL]LHUHQGHQHQGLH6RUWHU]XJHRUGQHWZHUGHQN|QQHQ

E E E E

+DQGVRUWLHUXQJ  >6WFNK@ $XWRPDWLVFKH6RUWLHUXQJJHULQJHU/HLVWXQJ  ±>6WFNK@ $XWRPDWLVFKH6RUWLHUXQJPLWWOHUHU/HLVWXQJ ±>6WFNK@ $XWRPDWLVFKH+RFKOHLVWXQJVVRUWLHUXQJ  !>6WFNK@

+LHUDXV HUJHEHQ VLFK GUHL /HLVWXQJVNODVVHQ IU DXWRPDWLVFKH 6RUWLHUV\VWH PH GLH LQ $EE GDUJHVWHOOW VLQG 'LHVH UHODWLY JUREH .ODVVLIL]LHUXQJ HUODXEW HLQH VFKQHOOH =XRUGQXQJ HLQHV 6RUWHUV GD VLFK LQ GLHVHQ .ODVVHQ DXFKGHU7HFKQLVFKH$XIZDQGXQGGLH,QYHVWLWLRQVNRVWHQZLGHUVSLHJHOQ



'HU9HUWHLOI|UGHUHU

$EE/HLVWXQJVRULHQWLHUWH6\VWHPDWLN

7HFKQLNRULHQWLHUWH.ODVVLIL]LHUXQJ

$XV GHU /LWHUDWXU VLQG YHUVFKLHGHQH WHFKQLNRULHQWLHUWH .ODVVLIL]LHUXQJHQ IU 6RUWHU EHNDQQW >9',@ >-6@ >%|F@ :HLW YHUEUHLWHW LVW HLQH .ODVVLIL]LHUXQJLQGLH.ULWHULHQÄ%HOHJXQJVDUW³XQGÄ:LUNSULQ]LSGHU$XV VFKOHXVXQJ³

7HFKQLNRULHQWLHUWH.ODVVLIL]LHUXQJ



 %HOHJXQJVDUW %HL6RUWHUQPLW(LQ]HOSODW]EHOHJXQJHUIROJWGHU7UDQVSRUWLQGLVNUHWHQ *XWDXIQDKPHQZLH6FKDOHQ3ODWWHQRGHU:DQQHQ'HU9RUWHLOLVW GLH HLQGHXWLJH *XWSRVLWLRQ QDFKWHLOLJ GHU QLFKW PLQLPLHUEDUH $EVWDQG GHU*WHU]XHLQDQGHU %HL GHUIUHLHQ %HOHJXQJ LVW GLH *XWDXIQDKPH GHV 9HUWHLOI|UGHUHUV EH OLHELJ]XEHOHJHQXQGNDQQGDKHULQVEHVRQGHUHEHLVHKUXQWHUVFKLHGOL FKHQ *XWJU|‰HQ KLQVLFKWOLFK GHV *XWDEVWDQGHV RSWLPLHUW ZHUGHQ $Q GHUHUVHLWV

PXVV KLHU PHKU WHFKQLVFKHU $XIZDQG LQ GLH HLQGHXWLJH

=XRUGQXQJGHV*XWHVJHVWHFNWZHUGHQ  :LUNSULQ]LSGHU$XVVFKOHXVXQJ %HL DEI|UGHUQGHQ 6\VWHPHQ OLHJW GDV *XW DXI HLQHP $XVVFKOHXVI|U GHUPLWWHOXQGZLUGGXUFKVHLQHDNWLYH%HZHJXQJDXVJHVFKOHXVW ,Q DEZHLVHQGHQ 6\VWHPHQ ZLUG GDV *XW GXUFK HLQ VHSDUDWHV (OHPHQW ZHOFKHV LQ GHQ *XWVWURP HLQVFKZHQNW XQG GDV EHWUHIIHQGH 6WFNJXW SDVVLYDEZHLVWRGHUDNWLYDEVFKLHEWDXVJHVFKOHXVW 6\VWHPH GLH DXI GHU :LUNXQJ HLQHV .UDIWIHOGHV EDVLHUHQ QXW]HQ ]XU $XVVFKOHXVXQJGLH6FKZHURGHU=HQWULIXJDONUlIWH )JWPDQGLHVHQEHLGHQ.ULWHULHQGDVÄ)|UGHUWHFKQLVFKH3ULQ]LS³GHV$XV VFKOHXVPHFKDQLVPXVDOVZHLWHUHV.ULWHULXPKLQ]XNDQQGDVDXVGHUNODVVL VFKHQ )|UGHUWHFKQLN DXVJLHELJ HUIRUVFKWH XQG EHNDQQWH 9HUKDOWHQ GHU )|U GHUHU HEHQIDOOV IU GLH =XRUGQXQJ XQG GLH $XVZDKO JHHLJQHWHU 6\VWHPH KHUDQJH]RJHQZHUGHQ  )|UGHUWHFKQLVFKHV3ULQ]LS 'LH 6\VWHPH ZHUGHQ KLQVLFKWOLFK GHU YHUZHQGHWHQ I|UGHUWHFKQLVFKHQ %DVLVHOHPHQWH IU GLH $XVVFKOHXVPHFKDQLVPHQ RGHU GLH )|UGHUPLWWHO HLQJHRUGQHW 'LHVH %DVLVHOHPHQWH IDVVHQ LQ GHU 5HJHO EHVWLPPWH (L JHQVFKDIWHQEHLGHU.UDIWEHUWUDJXQJXQGGHU%HZHJXQJ]XVDPPHQ 'LH LQ $EE GDUJHVWHOOWH 6\VWHPDWLN IKUW XQWHUKDOE GHU GULWWHQ (EHQH GLH GHU]HLW LP %HUHLFK GHU 6WFNJXWVRUWLHUV\VWHPH EHNDQQWHQ 9HUWHLOI|UGH UHU RGHU 6RUWHU DXI %LV DXI ZHQLJH $XVQDKPHQ ZLH ]% GHU Ä3RS8S 6RUWHU³ GHU HUVW LQ HLQHU ZHLWHUHQ (EHQH GDUJHVWHOOW ZUGHQ XQG KLHU GHQ 5ROOHQWUDQVIHUHQ ]XJHRUGQHW VLQG *HQDXVR JXW N|QQWH PDQ HLQLJH DXIJH IKUWH 9HUWHLOI|UGHUHU PLWWOHUZHLOH ZHLWHU XQWHUWHLOHQ GD VLFK ]XQHKPHQG %DXYDULDQWHQ ZLH EHLVSLHOVZHLVH 'RSSHOVWRFNVRUWHU EHL GHQ 4XHUJXUWVRU WHUQ RGHU XQWHUVFKLHGOLFKH .LSSPHFKDQLVPHQ EHL GHQ .LSSVFKDOHQVRUWHUQ HUJHEHQ GLH WHLOZHLVH GHXWOLFK DQGHUH (LJHQVFKDIWHQ XQG .HQQZHUWH DOV GLH 8UVSUXQJVYDULDQWH DXIZHLVHQ $XI GHU DQGHUHQ 6HLWH N|QQWH GHU .HW WHQI|UGHUHU PLW .LSSSODWWHQ KHUDXVJHQRPPHQ ZHUGHQ GD NHLQH 5HDOLVLH UXQJHQEHNDQQWVLQG



'HU9HUWHLOI|UGHUHU

$EE6\VWHPDWLNGHU9HUWHLOI|UGHUHU

'HU JHZlKOWH $XIEDX XQG GLH YHUZHQGHWH 'HWDLOOLHUXQJ GHU 6\VWHPDWLN LVW GDKHUDXFKLP +LQEOLFNDXIGLH.ULWHULHQhEHUVLFKWOLFKNHLW9ROOVWlQGLJNHLW XQG(UZHLWHUEDUNHLW]XVHKHQ6LHOlVVW HEHQIDOOV5DXPIUZHLWHUH9HUWHLO I|UGHUHU 'LH 6WUXNWXULHUXQJ GHV IROJHQGHQ $EVFKQLWWV HUIROJW DQKDQG GHU GUHL JHQDQQWHQ.ULWHULHQGLH]XJHK|ULJHQ9HUWHLOI|UGHUHUZHUGHQGDQQHQWVSUH FKHQG GHU *OLHGHUXQJ  QXPPHULHUW VR GDVV VLH EHU GDV ,QKDOWVYHU]HLFKQLV ]XILQGHQVLQG

$XIEDX)XQNWLRQXQG.HQQGDWHQGHU9HUWHLOI|UGHUHU

(QWVSUHFKHQG GHU YRUJHVWHOOWHQ 6\VWHPDWLN N|QQHQ GLH 9HUWHLOI|UGHUHU NODVVLIL]LHUW XQG LQ ZHVHQWOLFKHQ (LJHQVFKDIWHQ XQG .HQQGDWHQ JUXSSLHUW ZHUGHQ 'LH HUVWH *OLHGHUXQJ HUIROJW DQKDQG GHU %HOHJXQJVDUW LQ (LQ]HO SODW]EHOHJXQJ XQG IUHLH %HOHJXQJ =XQlFKVW VROOHQ GLH 6\VWHPH GHU (LQ ]HOSODW]EHOHJXQJYRUJHVWHOOWZHUGHQ

%HOHJXQJVDUW(LQ]HOSODW]EHOHJXQJ %HL GHU (LQ]HOSODW]EHOHJXQJ ZHUGHQ MHGHP *XW HLQ RGHU PHKUHUH GLVNUHWH 3OlW]HDXIGHP9HUWHLOI|UGHUHU]XJHZLHVHQ'LH)|UGHUPLWWHOVLQGLQHLQHP 6FKLHQHQV\VWHP JHIKUWH JHNRSSHOWH )DKUZDJHQ 'LH *XWDXIQDKPH LVW PLW

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



GLHVHQ )DKUZDJHQ YHUEXQGHQ 'HU $XVVFKOHXVPHFKDQLVPXV LVW HQWZHGHU PLW GHP )DKUZDJHQ XQG GHU *XWDXIQDKPH RGHU PLW GHU (QGVWHOOH YHUEXQ GHQ JHK|UW V\VWHPWHFKQLVFK DEHU LPPHU ]XP 9HUWHLOI|UGHUHU (LQH $XV QDKPH KLHUYRQ ELOGHQ GLH 9HUWHLOI|UGHUHU LQ 5RWDWLRQVVWUXNWXU EHL GHQHQ GDV)|UGHUPLWWHOHLQHURWLHUHQGH6FKHLEHRGHUHLQ.HJHOVWXPSILVWDXIGHP GLH*XWDXIQDKPHQXQG$XVVFKOHXVPHFKDQLVPHQDQJHEUDFKWVLQG 'LH IHVWH =XRUGQXQJ GHV 6RUWLHUJXWHV ]X HLQHP )DKUZDJHQ HUOHLFKWHUW GLH 6WHXHUXQJ GHV $XVVFKOHXVYRUJDQJV GD GLH 3RVLWLRQ GHV *XWHV HLQGHX WLJ EOHLEW 1DFKWHLOLJ JHJHQEHU GHU IUHLHQ =XRUGQXQJ LVW GHU IHVWH *XWDE VWDQG GHU NHLQH 2SWLPLHUXQJ GHU /HLVWXQJ EHU GLH %HOHJXQJ HUP|JOLFKW )U GLH (LQ]HOSODW]EHOHJXQJ N|QQHQ GUHL :LUNSULQ]LSLHQ GHU $XVVFKOHX VXQJ XQWHUVFKLHGHQ ZHUGHQ DEI|UGHUQG DEZHLVHQG XQG GXUFK HLQ .UDIW IHOG :LUNSULQ]LSGHU$XVVFKOHXVXQJDEI|UGHUQG +LHUXQWHU VLQG GLH 6\VWHPH ]X YHUVWHKHQ EHL GHQHQ GDV 6RUWLHUJXW GXUFK HLQHQ DNWLYHQ )|UGHUYRUJDQJ DXI GHQ 9HUWHLOI|UGHUHU XQG LQVEHVRQGHUH DQ GHU $XVVFKOHXVSRVLWLRQ ZHLWHU LQ GLH (QGVWHOOH JHODQJW 7KHRUHWLVFK VLQG DOOH 6WFNJXWI|UGHUWHFKQLNHQ HLQVHW]EDU )U HLQ VFKQHOOHV VLFKHUHV $XV VFKOHXVHQ VLQG DOOHUGLQJV QXU GLH )|UGHUHU JHHLJQHW GLH ZHLWHVWJHKHQG VFKOXSIIUHLDUEHLWHQ9RQGDKHUVLQGDQI|UGHUWHFKQLVFKHQ)XQNWLRQVSULQ]L SLHQQXU*XUWI|UGHUHUXQG3ODWWHQI|UGHUHUEHNDQQW )|UGHUWHFKQLVFKHV3ULQ]LS*XUWI|UGHUHU $XIHLQHP*XUWI|UGHUHUWUDQVSRUWLHUWH*WHUZHUGHQRKQH6FKOXSIEHZHJW 'DKHU LVW LKUH 3RVLWLRQ JXW ORNDOLVLHUEDU XQG HLQH YHUJOHLFKVZHLVH SUl]LVH *XWEHZHJXQJP|JOLFK'LH$XVVFKOHXVXQJQDFKGLHVHP3ULQ]LSZLUGEHLP 4XHUJXUWXQGEHLP 5LQJVRUWHUUHDOLVLHUW

4XHUJXUWVRUWHU

'HU9HUWHLOI|UGHUHUGHV4XHUJXUWVRUWHUVEHVWHKWDXVRUWKRJRQDO]XU)|UGHU ULFKWXQJDQJHEUDFKWHQNXU]HQ*XUWI|UGHUHUQGLHHLQ]HOQRGHU]XPHKUHUHQ DXI RGHU XQWHU )DKUZDJHQ PRQWLHUW VLQG GLH ]X HLQHU XPODXIHQGHQ .HWWH YHUEXQGHQ VLQG V $EE  'LH *WHU ZHUGHQ DQ GHQ (LQVFKOHXVXQJHQ XQG $XVVFKOHXVVWHOOHQ GXUFK %HZHJXQJ GHV 4XHUJXUWHV DXIJHQRPPHQ E]ZDEJHI|UGHUW'LH4XHUJXUWHVLQGVRPLW]XJOHLFKGLH*XWDXIQDKPHXQG GHU$XVVFKOHXVPHFKDQLVPXV 'LH4XHUJXUWVRUWHUXQWHUVFKHLGHQVLFKKLQVLFKWOLFKGHU.HWWHQIKUXQJLQ 6\VWHPH PLW KRUL]RQWDO XQG YHUWLNDO XPODXIHQGHQ .HWWHQ 'LH KRUL]RQWDO JHIKUWHQ .HWWHQ]JH VLQG LQ GHU 5HJHO UDXPJlQJLJ VR GDVV GLH 9HUWHLO



'HU9HUWHLOI|UGHUHU

I|UGHUHU GHQ EHWULHEOLFKHQ *HJHEHQKHLWHQ JXW DQSDVVEDU VLQG XQG NRPSOH [H/LQLHQIKUXQJHQDXIZHLVHQN|QQHQ

D 

E 

$EE4XHUJXUWVRUWHU PLW KRUL]RQWDOHU .HWWHQIKUXQJ D  3ULQ]LSELOG HLQVW|FNLJ E 5HDOLVLHUXQJVEHLVSLHOGRSSHOVW|FNLJ4XHOOH6LHPHQV

'LH YHUWLNDO JHIKUWHQ 6\VWHPH VLQG LQ GHU 5HJHO NRPSDNWHU XQG N|QQHQ OHLFKWHU PRGXODULVLHUW ZHUGHQ 'LHVH (LJHQVFKDIWHQ SUlGHVWLQLHUHQ VLH IU NOHLQHUHELVPLWWOHUH(LQVDW]IlOOHKLQVLFKWOLFK(QGVWHOOHQDQ]DKOXQG6RUWLHU OHLVWXQJ 'LH YHUWLNDO XPODXIHQGHQ 9HUWHLOI|UGHUHU XQWHUVFKHLGHQ VLFK QRFKPDOV LQ JHIKUWH XQG XQJHIKUWH 6\VWHPH %HL GHQ JHIKUWHQ 6\VWH PHQ EHKDOWHQ GLH )DKUZDJHQ DXFK LQ GHQ 8POHQNXQJHQ LKUH 2ULHQWLHUXQJ 

EHLVRGDVVWKHRUHWLVFKVRZRKOLP 2EHUDOVDXFKLP8QWHUWUXP JHI|UGHUW ZHUGHQ NDQQ $EE E  %HL GHQ XQJHIKUWHQ 6\VWHPHQ NDQQ QXU LP 2EHUWUXP JHI|UGHUW ZHUGHQ GD VLFK GLH )DKUZDJHQ DQ GHQ 8POHQNXQJHQ XPLKUH4XHUDFKVHGUHKHQ$EED  'LH 4XHUJXUWI|UGHUHU VLQG LQ GHU 5HJHO REHUKDOE GHU )DKUZDJHQ DQJH RUGQHW EHL HLQLJHQ %DXIRUPHQ DEHU DXFK GDUXQWHU 'LH REHQ OLHJHQGHQ )DKUVFKLHQHQ ELHWHQ SULQ]LSLHOO PHKU 0|JOLFKNHLWHQ GLH GDUXQWHU OLHJHQ GHQ )OlFKHQ ]X QXW]HQ %HL GHP LQ $EE E  DEJHELOGHWHQ 9HUWHLOI|UGH UHU EHILQGHQ VLFK GLH 4XHUJXUWH XQWHUKDOE GHU )DKUZDJHQ XQG VLQG DX‰HU GHP DXI LQVJHVDPW YLHU XQWHUVFKLHGOLFKHQ (EHQHQ ]X YHUIDKUHQ ZRUDXV VLFKGLH0|JOLFKNHLWHUJLEWSUR$XVVFKOHXVSRVLWLRQPHKUHUH=LHOVWHOOHQ]X SODW]LHUHQ (LQ ZHLWHUHU 9RUWHLO LVW GDVV KHUDEIDOOHQGH *WHU RGHU *XWWHLOH QLFKW LQ GHQ 9HUWHLOI|UGHUHU XQG GLH )KUXQJHQ IDOOHQ XQG GRUW ]X 6W|UXQ JHQRGHU=HUVW|UXQJHQIKUHQV(QGH$EVFKQ 



 7UXP )UHLHU =XJPLWWHODEVFKQLWW HLQHV YHUWLNDOHQ .HWWHQ 5LHPHQ RGHU %DQG I|UGHUHUVVDXFK$EE

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU

D 



E 

$EE 9DULDQWHQ YHUWLNDO XPODXIHQGHU 4XHUJXUWI|UGHUHU D  XQJHIKUW 4XHOOH ,QWHUUROO E JHIKUW4XHOOH)., 

'LH 6\VWHPH PLW REHUKDOE GHU )DKUZDJHQ LQVWDOOLHUWHQ 4XHUJXUWI|UGHUHUQ VLQG KLQJHJHQ NRPSDNWHU XQG PHFKDQLVFK VWDELOHU ]X UHDOLVLHUHQ 'LH KHUVWHOOHUXQDEKlQJLJlKQOLFKDXIJHEDXWHQ*XUWI|UGHUHUZHUGHQLP $EVFKQ QRFKPDOVGHWDLOOLHUWYRUJHVWHOOW

D 

E 

$EE $QRUGQXQJVYDULDQWHQ GHU 4XHUJXUWH D  REHUKDOE 4XHOOH 9DQGHUODQGH  E XQWHUKDOE >6DQE@



'HU9HUWHLOI|UGHUHU

'HU UHODWLY KRKH WHFKQLVFKH $XIZDQG HUP|JOLFKW JOHLFK]HLWLJ GLH EHVRQGH UH /HLVWXQJVIlKLJNHLW GHU 4XHUJXUWVRUWHU 'XUFK GLH 7UHQQXQJ YRQ )DKU XQG$EZXUIEHZHJXQJHUIROJWGLH*XWDEJDEHVFKRQHQGXQGPLWKRKHU3Ul ]LVLRQ %HL IOH[LEHO VWHXHUEDUHQ *XUWDQWULHEHQ NDQQ GDUEHU KLQDXV GLH $EJDEHSRVLWLRQ LQQHUKDOE GHU $XVJDEHVWHOOH EHHLQIOXVVW ZHUGHQ 'XUFK VHLQH %DXDUW HUUHLFKW GHU 4XHUJXUWVRUWHU HLQH VHKU KRKH /HLVWXQJVIlKLJNHLW EHL JOHLFK]HLWLJ JHULQJHU (QGVWHOOHQEUHLWH XQG HLJQHW VLFK IU QDKH]X DOOH *WHU (LQVFKUlQNXQJHQ EHVWHKHQ EHL *WHUQ PLW KRKHU 6FKZHUSXQNWODJH ZHJHQ GHU .LSSJHIDKU 'DV 3ULQ]LS HLJQHW VLFK XQHLQJHVFKUlQNW ]XU EHLG VHLWLJHQ $EJDEH 'LH 7HFKQLN LVW LQVEHVRQGHUH EHL OLQHDUPRWRULVFK DQJH WULHEHQHQ9HUVLRQHQJHUlXVFKDUPG%$  4XHUJXUWVRUWHU VLQG WHFKQLVFK UHODWLY DXIZlQGLJ XQG VRPLW VFKZLHULJ HUZHLWHUEDU XQG YHUJOHLFKVZHLVH ZDUWXQJVLQWHQVLY XQG VW|UDQIlOOLJ ZDV GXUFK GHQ KRKHQ (QWZLFNOXQJVVWDQG KHXW]XWDJH DEHU SUDNWLVFK DQ %HGHX WXQJYHUORUHQKDW 'DV(LQVDW]VSHNWUXPYRQ4XHUJXUWVRUWHUQLVWUHFKWEUHLW%HVRQGHUVYRU WHLOKDIW JHJHQEHU YLHOHQ DQGHUHQ 7HFKQLNHQ LVW GLH 7DWVDFKH GDVV GDV )|UGHUJXW ZlKUHQG GHU $XVVFKOHXVXQJ NHLQH 5HODWLYEHZHJXQJ JHJHQEHU GHU$XIODJHIOlFKHGHP*XUW DXVIKUW6RN|QQHQVHOEVW*WHUPLWKDIWHQ GHP8QWHUJUXQG]%.DWDORJHLQ6FKUXPSIIROLH RGHU%HXWHOZDUHJHI|U GHUWZHUGHQ 'LH W\SLVFKHQ .HQQGDWHQ GHU 4XHUJXUWVRUWHU VLQG RKQH ZHLWHUHV QLFKW YHUJOHLFKEDU -H QDFK $EPHVVXQJHQ XQG 0D[LPDOJHZLFKWHQ GHU *WHU ZHUGHQ EHLVSLHOVZHLVH VHKU XQWHUVFKLHGOLFKH :HUWH IU GHQ 'XUFKVDW] HU UHLFKW ,Q GHQ 9HUJOHLFKVWDEHOOHQ LQ $EVFKQ  ZLUG GDKHU ]% DXFK LQ 4XHUJXUWI|UGHUHU PLW 7UDJODVWHQ NOHLQHU XQG JU|‰HU ]HKQ .LORJUDPP XQ WHUVFKLHGHQ 'HU:XQVFKQDFKVWHLJHQGHQ6RUWLHUOHLVWXQJHQXQGPHKU(QGVWHOOHQDXI ZHQLJ 5DXP IKUWH LQ GHU OHW]WHQ =HLW ]X /|VXQJHQ PLW PHKUHUHQ $XV VFKOHXVPHFKDQLVPHQSUR$XVVFKOHXVSRVLWLRQ 0HKUIDFKH$XVVFKOHXVPHFKDQLVPHQ (QWZHGHUZHUGHQDQGHQ)DKUZDJHQ]ZHLEHUHLQDQGHUOLHJHQGH4XHUJXUW I|UGHUHU LQVWDOOLHUW GLH SUR (QGVWHOOH ]ZHL =LHOVWHOOHQ LQ ]ZHL (EHQHQ EH GLHQHQ V DXFK $EE E  XQG $EE D  RGHU GLH 4XHUJXUWI|UGHUHU ZHUGHQ QHEHQHLQDQGHU DQJHEUDFKW 'LHVH $QRUGQXQJHQ GUIHQ QLFKW PLW GHQNODVVLVFKHQ%DXIRUPHQYHUZHFKVHOW ZHUGHQEHLGHQHQSUR)DKUZDJHQ ]ZHL*XUWI|UGHUHUKLQWHUHLQDQGHULQVWDOOLHUWZHUGHQ

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU

D 



E 

$EE 0HKUIDFKDQRUGQXQJHQ GHU 4XHUJXUWI|UGHUHU D EHUHLQDQGHU 'RSSHO VWRFNVRUWHU E QHEHQHLQDQGHU3DUDOOHOVRUWHU

6\VWHPWHFKQLVFK NDQQ HLJHQWOLFK YRQ ]ZHL HLJHQVWlQGLJHQ 6RUWHUQ PLW JOHLFKHU/LQLHQIKUXQJJHVSURFKHQZHUGHQ'LHYRUWHLOKDIWHQ8QWHUVFKLHGH VLQG MHGRFK GHU YHUULQJHUWH 3ODW]YHUEUDXFK XQG (LQVSDUXQJHQ EHLP )K UXQJV XQG $QWULHEVV\VWHP JHJHQEHU PHKUHUHQ HLJHQVWlQGLJHQ 6RUWHUQ 1DFKWHLOLJ LVW GLH IHKOHQGH 5HGXQGDQ] *HOLQJW HV LP (LQVFKOHXVEHUHLFK DOOH*XUWH]XEHOHJHQOlVVWVLFKGLH6RUWLHUOHLVWXQJJHJHQEHUHLQHPHLQID FKHQ4XHUJXUWVRUWHUYHUGRSSHOQ %HLP 'RSSHOVWRFNVRUWHU ZHUGHQ GLH ]ZHL 4XHUJXUWI|UGHUHU KRUL]RQWDO EHUHLQDQGHU DXI HLQHP )DKUZDJHQ VR DQJHRUGQHW GDVV ]ZLVFKHQ LKQHQ JHQJHQG 3ODW] IU GLH 6RUWLHUJWHU EOHLEW 'LHVH $QRUGQXQJ HUIRUGHUW IU MHGH (EHQH HLQH (LQVFKOHXVXQJ GLH EHLVSLHOVZHLVH PLWWHOV HLQHU 9HUWLNDO ZHLFKHYRQHLQHP(LQVFKOHXVEDQGEHGLHQWZHUGHQN|QQWHQ'LH(QGVWHOOHQ EHVWHKHQHEHQIDOOVDXV]ZHLLQJOHLFKHP $EVWDQGDQJHRUGQHWH=LHOVWHOOHQ :LUG ]XVlW]OLFK MHGHV ]ZHLWH 'RSSHOVWRFNHOHPHQW PLW HLQHP PRWRULVFK DQJHWULHEHQHQ +XEZHUN DXVJHVWDWWHW ZHOFKHV HV HUP|JOLFKW EHLGH 4XHU JXUWI|UGHUHU XP LKUHQ KDOEHQ $EVWDQG QDFK REHQ ]X EHZHJHQ HQWVWHKHQ ZHLWHUH 0|JOLFKNHLWHQ V DXFK $EVFKQ   'XUFK GDV +XEZHUN HQWVWH KHQ EHL ]ZHL (LQVFKOHXVHEHQHQ LQVJHVDPW YLHU $XVVFKOHXVHEHQHQ VR GDVV LQVJHVDPWYLHU=LHOVWHOOHQSUR(QGVWHOOHEHGLHQEDUVLQG

$EE'RSSHOVWRFNVRUWHUPLW+XEHLQULFKWXQJ



'HU9HUWHLOI|UGHUHU

1HEHQ GHU EHL HQWVSUHFKHQGHU %HVFKLFNXQJ GRSSHOWHQ 6RUWLHUOHLVWXQJ LVW GHU 9HUWHLOI|UGHUHU LP (QGVWHOOHQEHUHLFK VHKU NRPSDNW LP 9HUJOHLFK ]X DQGHUHQ %DXDUWHQ PLW JOHLFKHU $XVVFKOHXVOHLVWXQJ EHL JOHLFK]HLWLJHU (LQ VSDUXQJYRQ)|UGHUHUOlQJH6RZRKO(QHUJLHYHUVRUJXQJGHU+XEZHUNHXQG 4XHUJXUWI|UGHUHU DOV DXFK GLH 'DWHQEHUWUDJXQJ HUIROJHQ EHUKUXQJVORV >:LH@ %HLP 3DUDOOHOVRUWHU ZHUGHQ ]ZHL *XUWI|UGHUHU VR LQVWDOOLHUW GDVV VLFK DXI MHZHLOV HLQHU 6HLWH GHV )DKUZDJHQV HLQ *XUWI|UGHUHU EHILQGHW V $EE  :HQQ HV VWHXHUXQJVWHFKQLVFK JHOLQJW LPPHU ]ZHL 6RUWLHUJWHU LQ GHU ULFKWLJHQ 5HLKHQIROJH HLQ]XVFKOHXVHQ XQG GDV KLQWHUH *XW EHU GHQ HUVWHQ 4XHUJXUW KLQZHJ ]X I|UGHUQ VR GDVV MHGHV *XW ]XP $XVVFKOHXVHQ DXI GHU ULFKWLJHQ 6HLWH OLHJW LVW HV P|JOLFK PLW GHU (LQVFKOHXVXQJ YRQ QXU HLQHU 6HLWH DXV]XNRPPHQ +|KHUH /HLVWXQJHQ VLQG MHGRFK QXU EHL HLQHU ]ZHLVHLWLJHQ $XVVFKOHXVXQJ HUUHLFKEDU :HUGHQ ]ZHL GLHVHU 'RSSHOJXUW HLQKHLWHQ KLQWHUHLQDQGHU DXI HLQHP )DKUZDJHQ LQVWDOOLHUW NRPPW PDQ ]X HLQHU 9LHUIDFKDQRUGQXQJ GLH XQWHU GHU %H]HLFKQXQJ Ä4XDG6RUWHU³ UHDOL VLHUWZXUGH

$EE4XDG6RUWHU4XHOOH6LHPHQV

(V N|QQHQ HLQHU ]ZHL RGHU YLHU 4XHUJXUWH PLW HLQHP 6RUWLHUJXW EHOHJW ZHUGHQ ZHLWHUKLQ LVW GDV 'XUFKI|UGHUQ YRQ *WHUQ EHU QHEHQHLQDQGHU OLHJHQGH )|UGHUHU P|JOLFK 'XUFK GLHVH )OH[LELOLWlW LVW HLQH JUR‰H %DQG EUHLWH DQ I|UGHUIlKLJHQ *XWJU|‰HQ EHL JOHLFK]HLWLJ JXWHU $XVQXW]XQJ GHV )|UGHUHUV JHJHEHQ (V N|QQHQ YLHU NOHLQH RGHU ]ZHL PLWWOHUH RGHU HLQ PLW WHOJUR‰HV XQG ]ZHL NOHLQH RGHU HLQ JUR‰HV *XW PLW LQVJHVDPW PD[LPDO NJ*HZLFKWSUR)DKUZDJHQWUDQVSRUWLHUWZHUGHQV$EEE 

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU

D 



E 

$EE 7HFKQLN GHV 4XDG6RUWHUV D  6FKQLWWELOG 4XHOOH 6LHPHQV >&DU@  E  P|JOLFKH*XWDQRUGQXQJHQ

'XUFKHLQHEHLGVHLWLJH(LQVFKOHXVXQJXQGGLHJOHLFK]HLWLJEHLGVHLWLJH$XV VFKOHXVXQJ N|QQHQ 6RUWLHUOHLVWXQJHQ YRQ ELV ]X  (LQKHLWHQ SUR 6WXQGHHUUHLFKWZHUGHQ

5LQJVRUWHU

'HU 5LQJVRUWHU EHVWHKW LQ VHLQHU *UXQGDXVIKUXQJ DXV PHKUHUHQ VSHLFKHQ I|UPLJDQJHRUGQHWHQ%DQGI|UGHUHUQGLHXPHLQHVHQNUHFKWVWHKHQGH'UHK DFKVHDQJHRUGQHWVLQG

D 

E 

$EE5LQJVRUWHU4XHOOHSVE D 3ULQ]LSELOGE (LQVFKOHXVXQJ



'HU9HUWHLOI|UGHUHU

'HU 'UHKWHOOHU PLW GHQ 6SHLFKHQElQGHUQ URWLHUW SHUPDQHQW PLW HLQHU *H VFKZLQGLJNHLWYRQFD8PGUHKXQJHQSUR0LQXWHhEHUHLQHWDQJHQWLDOH =XIKUXQJREHUKDOEGHU'UHKHEHQHJHODQJHQGLH6RUWLHUJWHUDXIGLH6SHL FKHQElQGHU'RUWZHUGHQVLHQDFKDX‰HQJHI|UGHUWXQGLQGHU5DQGSRVLWLRQ JHVWRSSW XP ]XP ULFKWLJHQ =HLWSXQNW LQ GLH (QGVWHOOH DXVJHVFKOHXVW ]X ZHUGHQ 'DPLW JHK|UW GLHVHU 6RUWHU KLQVLFKWOLFK VHLQHV /D\RXWV ]XU .UHLV VWUXNWXU 'LH (QGVWHOOHQ N|QQHQ IOH[LEHO DQ GLH 6RUWLHUDXIJDEH DQJHSDVVW ZHUGHQ ZLH GDV %LOGEHLVSLHO $EE EHOHJW 'DV 6RUWLHUSULQ]LS LVW IU YLHOH (LQVDW]P|JOLFKNHLWHQ JHHLJQHW ]% .(3'LHQVWH *UR‰ XQG 9HUVDQG KDQGHO7H[WLOLQGXVWULHHWF>.OH@

$EE$QJHSDVVWH(QGVWHOOHQ4XHOOH SVE

'LH hEHUJDEH ]ZLVFKHQ GHU (LQVFKOHXVXQJ XQG GHP 6SHLFKHQEDQG PXVV V\QFKURQLVLHUW ZHUGHQ 'DKHU LVW GDV (LQVFKOHXVEDQG LQ YHUVFKLHGHQH 6HJ PHQWHPLWXQWHUVFKLHGOLFKHQ)XQNWLRQHQDXIJHWHLOWGLHGHUVFKRQEHVFKULH EHQHQ 'XUFKODXIHLQVFKOHXVXQJ HQWVSUHFKHQ =XQlFKVW ZHUGHQ GLH 6RUWLHU JWHU PLWWHOV YHUVFKLHGHQHU VHSDUDW DQJHWULHEHQHU %lQGHU YHUHLQ]HOW 1DFK GHU ,GHQWLILNDWLRQ XQG %HVWLPPXQJ GHU (QGVWHOOH JHODQJHQ GLH *WHU DXI HLQ 6\QFKURQLVDWLRQVEDQG ZHOFKHV GLH 6HQGXQJ SRVLWLRQVJHQDX DXI GDV 6SHLFKHQEDQG EHUJLEW 'LHVH I|UGHUQ GDV 6RUWLHUJXW GDQQ DQ GHQ lX‰HUHQ 5DQGXQGGXUFKHLQHNXU]H%HZHJXQJZLUGDQGHUULFKWLJHQ(QGVWHOOHGDV

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



*XW EHUJHEHQ +LHUEHL NDQQ GXUFKDXV VFKRQ HLQ ZHLWHUHV *XW DXI GHP 6SHLFKHQEDQG OLHJHQ ZHOFKHV GDQQ DQVFKOLH‰HQG DQ GLH $XVVFKOHXVSRVLWL RQJHI|UGHUWZLUG 'HU HLQIDFKH $XIEDX HUJLEW VLFK GXUFK GHQ ]HQWUDOHQ $QWULHE LQ GHVVHQ 1lKHHEHQIDOOVGLH(QHUJLHXQG'DWHQEHUWUDJXQJIUGLH6SHLFKHQElQGHU EHLJHULQJHU8PIDQJVJHVFKZLQGLJNHLWHLQJHOHLWHWZHUGHQ,P9HUJOHLFK]X GHQ

9HUWHLOI|UGHUHUQ

PLW

6FKOHLIOHLWXQJHQ

EHUKUXQJVORVHQ

(QHUJLH

EHUWUDJXQJVV\VWHPHQ RGHU 5HLEUDG *HQHUDWRU6\VWHPHQ UHLFKW KLHU HLQ HLQIDFKHU'UHKEHUWUDJHUDXV 'HU 5LQJVRUWHU OlVVW VLFK EHU YHUVFKLHGHQH 'XUFKPHVVHU YDULLHUHQ +LHUGXUFKZLUGLP=XVDPPHQKDQJPLWGHU(QGVWHOOHQEUHLWHGLH$Q]DKOGHU (QGVWHOOHQIL[LHUW'LH6RUWLHUOHLVWXQJKlQJWQHEHQGHU5RWDWLRQVJHVFKZLQ GLJNHLW YRQ GHU $Q]DKO GHU 6SHLFKHQElQGHU DE 'LH HUUHLFKEDUHQ 9HUWHLO OHLVWXQJHQ OLHJHQ LP PLWWOHUHQ /HLVWXQJVEHUHLFK ]ZLVFKHQ XQG  6WFN SUR 6WXQGH 'XUFK ODQJVDPHV 5RWLHUHQ GHU (QGVWHOOHQEHKlOWHU N|Q QHQ GLHVH VRIHUQ VLH JHIOOW VLQG DQ HLQHU ]HQWUDOHQ 6WHOOH DXWRPDWLVFK GXUFKHLQHQ/HHUEHKlOWHUHUVHW]WZHUGHQ 'HU5LQJVRUWHULVWDOV(LQ]HOJHUlWNDXP HUZHLWHUEDUGXUFKGLHNRPSDNWH %DXZHLVH NDQQ HU DEHU UHODWLY HLQIDFK PHKUIDFK SDUDOOHO RGHU NDVNDGLHUW DXIJHEDXW ZHUGHQ XP

VR K|KHUH *HVDPWVRUWLHUOHLVWXQJHQ HUUHLFKHQ ]X

N|QQHQ 'XUFK VHLQHQ NRPSDNWHQ $XIEDX ZLUG HEHQIDOOV HLQH QDFKWUlJOL FKH ,QWHJUDWLRQ LQ YRUKDQGHQH 3URGXNWLRQV RGHU 'LVWULEXWLRQVV\VWHPH YHUHLQIDFKW )|UGHUWHFKQLVFKHV3ULQ]LS3ODWWHQI|UGHUHU %HLP3ODWWHQI|UGHUHUZHUGHQGLH*WHUDXIHLQ]HOQHQ3ODWWHQJHI|UGHUW'LH $UWGHV$QWULHEVGHU3ODWWHQLVWQLFKWIL[YRUJHJHEHQ'LH3ODWWHQN|QQHQLQ .XOLVVHQJHIKUWRGHUGXUFK(LQ]HODQWULHEHEHZHJWZHUGHQ :HUGHQ GLH 3ODWWHQ PLWHLQDQGHU ]X HLQHP .HWWHQ]XJ YHUEXQGHQ VSULFKW PDQYRQHLQHP3ODWWHQEDQGI|UGHUHUHLQHU%DXIRUPGHU*OLHGHUEDQGI|UGH UHU *OLHGHUEDQGI|UGHUHU EHVWHKHQ DXV ]ZHL SDUDOOHO ODXIHQGHQ YHUWLNDO JHIKUWHQ .HWWHQVWUlQJHQ ]ZLVFKHQ GHQHQ 7UDJHOHPHQWH PRQWLHUW VLQG -H QDFK 7UDJHOHPHQW ZHUGHQ 3ODWWHQElQGHU *OLHGHUElQGHU XVZ XQWHUVFKLH GHQ:HJHQGHUSDUDOOHOHQ.HWWHQVWUlQJHVLQGGLHVH)|UGHUHUQLFKWNXUYHQ JlQJLJ VR GDVV KLHUDXI EDVLHUHQGH 9HUWHLOI|UGHUHU HLQ]HOQ QXU LQ /LQLHQ VWUXNWXUUHDOLVLHUWZHUGHQN|QQHQ

7UDJVFKXKVRUWHU

'HU 7UDJVFKXKVRUWHU LVW HLQH .RPELQDWLRQ DXV 3ODWWHQ XQG 3ODWWHQEDQG I|UGHUHU'DV)|UGHUPLWWHOGHV7UDJVFKXKVRUWHUVLVWHLQ3ODWWHQEDQGI|UGHUHU PLWPHLVWDXV$OXPLQLXP EHVWHKHQGHQ6WHJHQGLHPLWHLQHPNOHLQHQ=ZL



'HU9HUWHLOI|UGHUHU

VFKHQUDXP ]XHLQDQGHU DQ ]ZHL SDUDOOHO ODXIHQGHQ )|UGHUNHWWHQ EHIHVWLJW VLQG $OV *XWDXIQDKPH IXQJLHUHQ RUWKRJRQDO YHUVFKLHEEDUH 3ODWWHQ GLH VR JHQDQQWHQ 7UDJVFKXKH GLH LQ HLQHU XQWHU GHP 3ODWWHQEDQG ODXIHQGHQ .X OLVVHQEDKQ JHIKUW ZHUGHQ 'DV 3ULQ]LS lKQHOW GHP LQ $EVFKQ  EH VFKULHEHQHQ6FKLHEHVFKXKVRUWHU'LHGRUWDXIJHIKUWHQWHFKQLVFKHQ'HWDLOV VLQGZHLWHVWJHKHQGDXIGHQ7UDJVFKXKVRUWHUEHUWUDJEDU 'HU 3ODWWHQEDQGI|UGHUHU KDW GLH JOHLFKH *HVFKZLQGLJNHLW ZLH GLH ]X XQG DEI|UGHUQGHQ )|UGHUHU 'LH 6RUWLHUJWHU ZHUGHQ DXI GLH 7UDJVFKXKH EHUJHEHQXQGHQWVSUHFKHQGGHV=LHOHVQDFKUHFKWVRGHUOLQNVYHUVFKREHQ

D 

E 

$EE7UDJVFKXKVRUWHU D 3ULQ]LSELOGE (LQVDW]EHLVSLHO >9',(@

'LH 9RUWHLOH GHV 7UDJVFKXKVRUWHUV OLHJHQ LQ GHU KRKHQ 6RUWLHUOHLVWXQJ GHU VFKRQHQGHQ*XWDXIQDKPHXQGGHUNXU]HQ6RUWLHUVWUHFNH$XVGHUJHULQJHQ %DXJU|‰H HUJLEW VLFK HLQH JHULQJH $Q]DKO DQ $EJDEHVWHOOHQ 'XUFK GLH IHVWJHOHJWH *U|‰H GHU 7UDJVFKXKH LVW GHU 6RUWHU E]JO GHU DXIQHKPEDUHQ *XWJU|‰HVWDUNHLQJHVFKUlQNW(UZLUGGDKHU]XU9RUVRUWLHUXQJ]XU 9HUWHL OXQJ YRQ *WHUQ DXI QDFKIROJHQGH 6RUWLHUDQODJHQ RGHU DEHU IU 6RUWLHU XQG=XIKUDXIJDEHQLQGHU,QGXVWULHJHQXW]W'LHVRUWLHUEDUHQ*WHUGUIHQ QXU JHULQJH $EPHVVXQJHQ KDEHQ GD GLH QRWZHQGLJHQ 8POHQNUDGLHQ GHV 3ODWWHQEDQGI|UGHUHUVPLWGHU*U|‰HGHU3ODWWHQ7HLOXQJ DQVWHLJHQ :LUNSULQ]LSGHU$XVVFKOHXVXQJDEZHLVHQG ,P *HJHQVDW] ]X GHQ DEI|UGHUQGHQ (OHPHQWHQ GLH ZHLWJHKHQG VFKOXSIIUHL DUEHLWHQ HQWVWHKHQ EHL GHQ DEZHLVHQGHQ 6\VWHPHQ EHLP $XVVFKOHXVHQ

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



5HODWLYEHZHJXQJHQ ]ZLVFKHQ *XW XQG *XWDXIVWDQGVIOlFKH 'LH $EVFKLH EHHOHPHQWH VLQG XQWHUVFKLHGOLFK XQG HQWZHGHU GHP *XW PLWEHZHJWH 6FKLHEHU RGHUGHU(QGVWHOOHVWDWLRQlUH6FKLHEHU ]XJHRUGQHW )|UGHUWHFKQLVFKHV3ULQ]LSVWDWLRQlUH6FKLHEHU 'LH VWDWLRQlUHQ 6FKLHEHU VLQG GHQ (QGVWHOOHQ ]XJHRUGQHW XQG ZHUGHQ ]XU $XVVFKOHXVXQJ GXUFK GLH 6WHXHUXQJ DXVJHO|VW VREDOG GDV *XW GLH $XV VFKOHXVSRVLWLRQ SDVVLHUW 'LH (OHPHQWH ZHUGHQ LQ GHQ *XWVWURP JH VFKZHQNW XQG VFKLHEHQ GDV *XW YRQ GHU PLW GHU )|UGHUJHVFKZLQGLJNHLW ZHLWHU EHZHJWHQ *XWDXIQDKPH LQ GLH (QGVWHOOH 'HU .DPPVRUWHU EDVLHUW DXIGHP3ULQ]LSGHUVWDWLRQlUHQ6FKLHEHU

.DPPVRUWHU

$Q GHQ NHWWHQDUWLJ PLWHLQDQGHU YHUEXQGHQHQ )DKUZDJHQ GLH LQ HLQHU 6FKLHQHV$EED  UDXPJlQJLJJHIKUWZHUGHQVLQGGLH*XWDXI QDKPHQ LQ )RUP YRQ 6FKDOHQ HLQ RGHU ]ZHLVHLWLJ EHIHVWLJW 'LH 6FKDOHQ VLQG ZLH *DEHOQ DXVJHIKUW GHUHQ =LQNHQ LQ )|UGHUULFKWXQJYRUQH PLWHLQ DQGHU YHUEXQGHQ XQG QDFK REHQ JHNU|SIW VLQG $Q GHQ $XVVFKOHXVVWDWLR QHQ ZHUGHQ .lPPH DXIJHVWHOOW GHUHQ =LQNHQ LQ GLH /FNHQ GHU *DEHOQ JUHLIHQXQGVRGDVGDUDXIEHILQGOLFKH6RUWLHUJXWDEVWUHLIHQ

D 

E 

$EE .DPPVRUWHU D  3ULQ]LSVNL]]H E  YHUVFKOLH‰EDUH (QGVWHOOH 4XHOOH %(80(5

'LHJDEHOI|UPLJH6FKDOHZLUGGHP6WFNJXWGHU*U|‰HQDFKDQJHSDVVWXQG DXV6WDKO.XQVWVWRIIRGHU$OXPLQLXPKHUJHVWHOOW 'LH (QGVWHOOHQ   EHILQGHQ VLFK GLUHNW XQWHUKDOE GHV 6RUWHUV HV NDQQ DXFK GLUHNW LQ %HKlOWHU XQG .DUWRQV VRUWLHUW ZHUGHQ 'LH $EVWUHLIYRUULFK WXQJ LVWXQWHUKDOEGHU6FKDOHQ DQGHU(QGVWHOOHEHIHVWLJW6LHEHVWHKW



'HU9HUWHLOI|UGHUHU

DXV HLQHP %HWlWLJXQJVHOHPHQW 3QHXPDWLN]\OLQGHU RGHU (OHNWURPDJQHW  XQG GHP EHU HLQHQ 'UHKVWDE GDUDQ EHIHVWLJWHQ .DPP 6REDOG GLH 6RUWHU VWHXHUXQJ GDV %HWlWLJXQJVHOHPHQW DNWLYLHUW ZLUG GHU .DPP DXV VHLQHU KRUL]RQWDOHQ *UXQGVWHOOXQJ LQ GLH VHQNUHFKWH $EVWUHLIVWHOOXQJ JHGUHKW XQG GLH 6FKDOH IlKUW GXUFK GHQ .DPP KLQGXUFK 'LH GXUFK GLH *DEHOOFNHQ VWHKHQGHQ .DPPVSLW]HQ VWUHLIHQ GDV 6RUWLHUJXW DXV GHU 6FKDOH XQG HV IlOOW GLUHNW LQ GLH(QGVWHOOH   'LH (LQVFKOHXVXQJ HUIROJW LQ GHU 5HJHO YHUWLNDO YRQREHQ

D 

E 

$EE .DPPVRUWHU D  6FKDOH XQG (QGVWHOOH E  EHLGVHLWLJH 6FKDOHQDQRUGQXQJ 4XHOOH%(80(5 

%HL GHU PD[LPDOHQ )|UGHUJHVFKZLQGLJNHLW YRQ  PV GUIHQ GLH 0DVVHQ GHU 6RUWLHUJWHU QLFKW ]X JUR‰ VHLQ XP GLH *XWEHODVWXQJ GXUFK GHQ 6WR‰ LPSXOV JHULQJ ]X KDOWHQ 'LH KRKH HUUHLFKEDUH $XVVFKOHXVJHQDXLJNHLW HU P|JOLFKW DOOHUGLQJV HLQHQ JHULQJHQ (QGVWHOOHQDEVWDQG XQGGDV 6WDSHOQ YRQ *WHUQEHL%HLEHKDOWXQJGHU$UWLNHOODJH .DPPVRUWHU ZHUGHQ IU GLH 6RUWLHUXQJ IODFKHU 7HLOH ZLH %FKHU &'V '9'VRGHUDXFKELHJHVFKODIIHU=HLWVFKULIWHQ.DOHQGHUXQGHLQJHVFKZHL‰ WHUJHIDOWHWHU7H[WLOLHQHLQJHVHW]W )|UGHUWHFKQLVFKHV3ULQ]LSPLWEHZHJWH6FKLHEHU -HGHU )DKUZDJHQ RGHU MHGH *XWDXIQDKPH KDW HLQHQ HLJHQHQ 6FKLHEHU GHU DQ GHU $XVVFKOHXVSRVLWLRQ EHWlWLJW ZLUG XQG GDV *XW LQ GLH (QGVWHOOH VFKLHEW 1DFK GLHVHP 3ULQ]LS DUEHLWHW IROJHQGHU 6RUWHU GHU XQWHU GHU %H ]HLFKQXQJÄ%UXVKVRUWHU³DXIGHP0DUNWLVW

%UXVKVRUWHU

'HU %UXVKVRUWHU HUKLHOW VHLQHQ 1DPHQ GXUFK VHLQHQ $XVVFKOHXVPHFKDQLV PXVHLQ6FKLHEHU%UXVK)OJHO GHUDQVHLQHU8QWHUVHLWHPLWHLQHU%UVWH

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



YHUVHKHQ LVW (U LVW DOV 5LQJVRUWHU NRQ]LSLHUW XQG VRUWLHUW 6WFNJWHU XQWHU VFKLHGOLFKVWHU )RUPHQ XQG $EPHVVXQJHQ &' '9' 9LGHRNDVVHWWHQ 0D[L%ULHIHDEHUDXFK3DNHWH%HKlOWHUXQG.DUWRQDJHQ bKQOLFK ZLH EHL GHQ .LSSVFKDOHQ 4XHUJXUW XQG .DPPVRUWHUQ ODXIHQ HLQ]HOQH )DKUZDJHQ DXI HLQHU 6FKLHQH GLH KLHU DXV ]ZHL HQGORV YHUEXQGH QHQ5RKUHQEHVWHKW 'HU)DKUZDJHQLVWDXFKKLHUGDV]HQWUDOH(OHPHQWGHV6RUWHUV(UKDWHL QHQ YHUZLQGXQJVVWHLIHQ *UXQGN|USHU DXV $OXPLQLXPJXVV DQ GHP GLH 5DGVlW]H GDV $QWULHEVVFKZHUW HLQH ,QNUHPHQWDO%OHQGH XQG HLQ ,GHQWLIL NDWLRQVWUlJHU EHIHVWLJW VLQG 'DV $QWULHEVVFKZHUW IXQJLHUW DOV /lXIHU IU GHQ /LQHDUPRWRU XQG EHUWUlJW GLH $QWULHEVNUDIW DXI GLH :DJHQNHWWH 'LH ,QNUHPHQWDO%OHQGH JHVWDWWHW GLH EHUKUXQJVORVH 7DNWLPSXOVDXIQDKPH IU GLH*HVFKZLQGLJNHLWVPHVVXQJXQGUHJHOXQJGHV6RUWHUV 'LH :DJHQ VLQG GXUFK UDXPEHZHJOLFKH 9HUELQGXQJVHOHPHQWH ]X HLQHU .HWWHJHVFKORVVHQ'LH9HUELQGXQJVHOHPHQWHVLQGQLFKWLQGHU0LWWHODFKVH VRQGHUQDQGHU$X‰HQVHLWHLQVWDOOLHUW

D 

E 

$EE%UXVKVRUWHUD 3ULQ]LSELOG E 5HDOLVLHUXQJVEHLVSLHO4XHOOH6LJPD

'HU %UXVK)OJHO VFKLHEW GDV DXV]XVFKOHXVHQGH 6RUWLHUJXW LQ GLH HQWVSUH FKHQGH (QGVWHOOH 'LH ]ZLVFKHQ )OJHO XQG :DJHQREHUIOlFKH EHILQGOLFKH %UVWH HUP|JOLFKW GDV $EVFKLHEHQ DXFK IODFKHU XQG lX‰HUVW UXWVFKIHVWHU 0DWHULDOLHQ 'LH :DJHQREHUIOlFKH EHVWHKW DXV $OXPLQLXPJXVV XQG LVW JHULOOW 'LH TXHU ]XU )DKUWULFKWXQJ YHUODXIHQGHQ 5LOOHQ KDEHQ VLFK ODXW +HUVWHOOHU DXV 8QWHUVXFKXQJHQ PLW YHUVFKLHGHQHQ 0DWHULDOLHQ XQG 2EHU IOlFKHQVWUXNWXUHQDOVGLHEHVWH/|VXQJHUZLHVHQ'LH5LOOHQUHGX]LHUHQGLH 5HLEXQJLQ$XVVFKOHXVULFKWXQJXQGHUK|KHQVLHLQ)DKUWULFKWXQJ 'HU %UXVK)OJHO ZLUG GXUFK HLQH /LQHDUIKUXQJ V $EE D  PLW YHUVFKOHL‰IUHLHQ .XJHOEXFKVHQ JHIKUW LQ GLH HLQ PLW HLQHU )KUXQJVUROOH YHUVHKHQHU6FKZHQNKHEHOHLQJUHLIW



'HU9HUWHLOI|UGHUHU

D 

E 

$EE 0HFKDQLN GHV %UXVK)OJHOV 4XHOOH 6LJPD  D  /LQHDUIKUXQJ E :HLFKH

'XUFK GHQ HEHQIDOOV LQ GLHVHU $EELOGXQJ HUNHQQEDUHQ 6WR‰GlPSIHU ZLUG GHU )OJHO LQ VHLQHQ (QGODJHQ ]XU 0DWHULDOVFKRQXQJ XQG *HUlXVFKPLQL PLHUXQJ DEJHEUHPVW 'LH )KUXQJVUROOH GHV 6FKZHQNKHEHOV OlXIW LQ HLQHU )KUXQJVEDKQ $Q MHGHU SRWHQ]LHOOHQ $XVVFKOHXVVWHOOH EHILQGHQ VLFK HLQH $XVVFKOHXVNXUYHXQGHLQHSQHXPDWLVFK]XEHWlWLJHQGH:HLFKH :LUG GLH :HLFKH EHWlWLJW OHQNW GLHVH GLH )KUXQJVUROOH LQ GLH .XUYH XQG GHU %UXVK)OJHO EHZHJW VLFK EHU GLH :DJHQREHUIOlFKH XQG I|UGHUW GDV *XW LQ GLH $XVVFKOHXVVWHOOH 'LH $XVVFKOHXVZHLFKHQ N|QQHQ QXU DXI GHQJHUDGHQ$EVFKQLWWHQLQVWDOOLHUWZHUGHQ:HJHQGHUDXVVFKOLH‰OLFKQDFK LQQHQHUIROJHQGHQ$XVVFKOHXVXQJLVWLQGHQ.XUYHQRKQHKLQNHLQ3ODW]IU (QGVWHOOHQ'LHVHV3ULQ]LS lKQHOWGHP $XVVFKOHXVPHFKDQLVPXVGHV 6FKLH EHVFKXKVRUWHUV(VZDUHLQ =LHOGHU(QWZLFNOHUGLH 9RUWHLOHYHUVFKLHGHQHU 6\VWHPH ZLH ]% GLH IRUPVFKOVVLJH =ZDQJVDXVVFKOHXVXQJ GHV 6FKXK VRUWHUVXQGGLH7UDQVSRUWHLQULFKWXQJGHU.LSSVFKDOHQWHFKQLN]XYHUELQGHQ >.R/6@ 'HU $QWULHE GHV 9HUWHLOI|UGHUHUV HUIROJW EHU DV\QFKURQH /LQHDUPRWR UHQ :HUGHQ PHKUHUH 0RWRUHQ EHU GLH 6WUHFNH YHUWHLOW NDQQ EHL $XVIDOO HLQHV0RWRUVGHU6RUWHUPLWUHGX]LHUWHU%HODVWXQJZHLWHUEHWULHEHQZHUGHQ 'LH ]XU 5HJHOXQJ GHV )|UGHUHUV QRWZHQGLJH *HVFKZLQGLJNHLWVLQIRUPDWLRQ ZLUG EHUKUXQJVORV PLWWHOV *DEHOOLFKWVFKUDQNHQ XQG LQ GLH )DKUZDJHQ HLQJHJRVVHQH

/DQJO|FKHU

JHQHULHUW

+LHUGXUFK

N|QQHQ

EHODVWXQJV

DEKlQJLJH*HVFKZLQGLJNHLWVDEZHLFKXQJHQDXVJHJOLFKHQZHUGHQ 'XUFK GDV .RQVWUXNWLRQVSULQ]LS LVW GLH (LQVFKOHXVXQJ XQG $XVVFKOHX VXQJ QXU LQ HLQH 5LFKWXQJ XQG ]ZDU LQ GDV ,QQHUH GHV 5LQJV P|JOLFK V$EE 'LH$EELOGXQJ]HLJWHLQH5HDOLVLHUXQJGHV%UXVKVRUWHUVEHL GHU)LUPD.RSS 'HU 9HUWHLOI|UGHUHU EHVWHKW DXV  )DKUZDJHQ GLH ]X HLQHU ULQJI|U PLJHQ .HWWH YRQ FD  P /lQJH ]XVDPPHQJHVFKORVVHQ VLQG 'LH .HWWH

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



IlKUW PLW HLQHU *HVFKZLQGLJNHLW YRQ  PV XQG ZLUG EHU YLHU /LQHDU PRWRUH DQJHWULHEHQ 'HU 6RUWHU EHVLW]W  (QGVWHOOHQ YRQ GHQHQ MHZHLOV ELV ]X VHFKV (QGVWHOOHQ GXUFK HLQHQ YHUIDKUEDUHQ 3DFNSODW] EHGLHQW ZHU GHQ

$EE/D\RXW GHV%UXVKVRUWHUV EHL.RSS 4XHOOH,:/ 

'LH WKHRUHWLVFKH 6RUWLHUOHLVWXQJ GHU $QODJH OLHJW EHL  3DFNVWFNHQ GDV6RUWLHUJXWYDULLHUWLQHLQHUJUR‰HQ%DQGEUHLWHYRQ[[ PP JUR‰HQ .XQVWVWRIIEHXWHOQ PLW HLQHP *HZLFKW YRQ J EHU LQ 1HW]HQ YHUSDFNWH *WHUQ ELV ]X .DUWRQV PLW HLQHU .DQWHQOlQJH YRQ  [  [ PPXQGHLQHP*HZLFKWYRQNJ :LUNSULQ]LSGHU$XVVFKOHXVXQJ.UDIWIHOG ,QGHQ.UDIWIHOGHUQZLUNHQHQWZHGHU6FKZHUXQGRGHU)OLHKNUlIWH%HLGHU 6FKZHUNUDIW VLQG GHU IUHLH )DOO XQG GDV $EJOHLWHQ HQWODQJ HLQHU VFKLHIHQ (EHQH ]X XQWHUVFKHLGHQ :HQQ JOHLFK]HLWLJ HLQH 5RWDWLRQVEHZHJXQJ EH VWHKWXQWHUVWW]WGLH)OLHKNUDIWHEHQIDOOVGHQ$XVVFKOHXVYRUJDQJ'UHKVRU WHU  )|UGHUWHFKQLVFKHV3ULQ]LSIUHLHU)DOO %HLP IUHLHQ )DOO JHODQJW GDV *XW ZHLWHVWJHKHQG XQJHIKUW LQ HLQHU GXUFK GLH (UGEHVFKOHXQLJXQJ XQG GLH )|UGHUJHVFKZLQGLJNHLW EHVWLPPWHQ :XUI SDUDEHOLQGLH(QGVWHOOH

)DOONODSSHQVRUWHU

'LH*XWDXIQDKPHGHV)DOONODSSHQVRUWHUVLVWHLQHUHFKWHFNLJH6FKDOHGHUHQ %RGHQDXV]ZHL.ODSSHQEHVWHKWV$EE 'LH$XVVFKOHXVXQJHUIROJW GXUFKGLH(QWULHJHOXQJGHU.ODSSHQLP IUHLHQ)DOOQDFKXQWHQ'LH*XWDXI



'HU9HUWHLOI|UGHUHU

QDKPHQ VLQG LQ VFKLHQHQJHIKUWHQ )DKUZDJHQ LQWHJULHUW GLH VR JHQDQQWHQ *RQGHOQ

D 

E 

$EE )DOONODSSHQVRUWHU D  3ULQ]LSELOG E

5HDOLVLHUXQJVEHLVSLHO 4XHOOH

'UNRSS

'LHVH VLQG ]X HLQHU ULQJI|UPLJHQ .HWWH PLWHLQDQGHU YHUEXQGHQ 'D GLH 9HUELQGXQJ GHU )DKUZDJHQ DQ HLQHU 6HLWH HUIROJW N|QQHQ ZLH EHLP %UXVKVRUWHU QXU .XUYHQ UHDOLVLHUW ZHUGHQ EHL GHQHQ GLHVH 6HLWH LQQHQ OLHJW ,Q $EE E  LVW GLH %HIHVWLJXQJ GHV )DKUZDJHQV DQ GHU .HWWH HU NHQQEDU 'LH .HWWH VWW]W VLFK ZLHGHUXP LQ HLQHU GDUEHU OLHJHQGHQ6FKLH QH GXUFK 5ROOHQ DE 6LH LVW UDXPJlQJLJ VR GDVV 6WHLJXQJHQ XQG .XUYHQ IDKUWHQP|JOLFKVLQG'HU$QWULHEHUIROJWEHLP6\VWHPGHU)LUPD'UNRSS EHUHLQHQ5HLEUDGDQWULHEGHUGLH.HWWH DQLKUHQ6HLWHQIODQNHQDQWUHLEW

D 

E 

F 

$EE )DOONODSSHQHOHPHQW 4XHOOH 'UNRSS  D  JHVFKORVVHQ E  .ODSSHQHQW ULHJHOXQJF IUHLHU)DOOLQ GLH(QGVWHOOH

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



'LH 6RUWLHUJWHU ZHUGHQ LQ GHU 5HJHO PDQXHOO DXIJHOHJW HLQH DXWRPDWL VFKH (LQVFKOHXVXQJ YHUWLNDO YRQ REHQ LVW HEHQIDOOV P|JOLFK 'LH )DKUZD JHQ EHZHJHQ VLFK EHU (QGVWHOOHQ $Q GHU HQWVSUHFKHQGHQ (QGVWHOOH ZLUG GXUFK HLQHQ 6SHUUPHFKDQLVPXV GLH .ODSSHQDUUHWLHUXQJ JHO|VW XQG GLH *WHU JHODQJHQ QDFK NXU]HP IUHLHP )DOO LQ GLH (QGVWHOOH 'HU IUHLH )DOO XQGGHUIROJHQGH6WR‰EHLGHUÄ/DQGXQJ³VFKUlQNHQGDV*XWVSHNWUXP ]ZDU HUKHEOLFK HLQ GRFK GXUFK GLH 7DWVDFKH GDVV GLH *WHU LQ GHU (QGVWHOOH JHVWDSHOWZHUGHQLVWHLQH6RUWLHUXQJGLUHNWLQGHQ9HUVDQGNDUWRQEHKlOWHU P|JOLFKXQGGHU3ODW]EHGDUIIUGLH(QGVWHOOHQLVWJHULQJ 9RU GHP QlFKVWHQ (LQVFKOHXVEHUHLFK ZHUGHQ GLH .ODSSHQ HQWODQJ HLQHU VFKLHIHQ(EHQHZLHGHUYHUVFKORVVHQXQGN|QQHQHUQHXWEHOHJWZHUGHQ'LH )|UGHUJHVFKZLQGLJNHLWOLHJWEHLHLQHP 0HWHUSUR6HNXQGHGLHHUUHLFKEDUH 6RUWLHUOHLVWXQJ EHL PD[LPDO  6RUWLHUJWHUQ SUR 6WXQGH 'HU (LQVDW] GHV )DOONODSSHQVRUWHUV ELHWHW VLFK IU OHLFKWH XQG VWR‰XQHPSILQGOLFKH :D UHQZLH7H[WLOLHQ%FKHU7RQWUlJHUXVZDQ

7DVFKHQVRUWHU

7DVFKHQVRUWHU EHVWHKHQ DXV HLQHU YHUWLNDO XPODXIHQGHQ .HWWH YRQ 7DVFKHQ PLW %RGHQNODSSHQ ]XU $EJDEH GHV 6RUWLHUJXWV ,Q $EE E  LVW HUNHQQ EDUZLHPHKUHUH7DVFKHQ]XHLQHP &DUULHU]XVDPPHQJHIDVVWVLQG

D 

E 

F 

$EE7DVFKHQVRUWHU4XHOOH6LHPHQV D )LQJHUEDQGE &DUULHUF $EZXUI

'DV 3ULQ]LS GHV 7DVFKHQVRUWHUV ZLUG EHLVSLHOVZHLVH EHL GHU 3RVWVRUWLHUXQJ LQ)RUPGHV*UR‰EULHIVRUWLHUV\VWHPV))6 UHDOLVLHUW 1DFKGHPGLHYHUHLQ]HOWHQ.DWDORJHRGHU*UR‰EULHIH]XQlFKVWKRUL]RQWDO DXI )LQJHUElQGHUQ JHI|UGHUW ZHUGHQ ZHUGHQ VLH DQVFKOLH‰HQG LQ GLH HQW VSUHFKHQGH 7UDQVSRUWWDVFKH GHV &DUULHUV HLQJHVFKOHXVW 'LH &DUULHU VLQG GXUFKHLQH.HWWHRGHUHLQHQ5LHPHQPLWHLQDQGHUYHUEXQGHQXQGELOGHQPLW GHQ%RGHQNODSSHQGHUHLQ]HOQHQ7DVFKHQDOV$XVVFKOHXVPHFKDQLVPHQGHQ 9HUWHLOI|UGHUHU$QGHU=LHOVWHOOHZLUGGHU.ODSSPHFKDQLVPXVEHWlWLJWXQG GDV6RUWLHUJXWIlOOWGXUFKGLH6FKZHUNUDIWLQGLH(QGVWHOOH



'HU9HUWHLOI|UGHUHU

'DV)ODW 6RUWLQJ6\VWHP>6LHE@HUUHLFKWHLQH1HQQOHLVXWQJYRQ 6HQGXQJHQSUR6WXQGHXQGNDQQPRGXODUDXIELV]X(QGVWHOOHQDXVJH EDXW ZHUGHQ GLH LQ ]ZHL (EHQHQEHUHLQDQGHU OLHJHQ $OV (QGVWHOOHQ N|Q QHQKLHU.OHLQEHKlOWHUHLQJHVHW]WZHUGHQ 'HU LQ $EE JH]HLJWH Ä%RPE %D\³6RUWHU KDW HLQH PLQLPDOH Ä(QG VWHOOHQEUHLWH³ KLHU (LQZXUI JHQDQQW  YRQ  =ROO PP  8QWHUKDOE GHU (LQZUIHEHILQGHQVLFK6DPPHOEHXWHO'LH7DVFKHQGLHVHV6RUWHUVVLQG =ROO PP RGHU=ROOPP EUHLW'LH6RUWLHUJWHUGUIHQELV]X [[=ROO[[PP JUR‰VHLQ>*%,@ 'HU7DVFKHQVRUWHULVWJHQHUHOOIUGLH6RUWLHUXQJIODFKHU*WHUJHHLJQHW (U]HLFKQHWVLFKGXUFKSUl]LVH$EZUIHVFKRQHQGHQ*XWWUDQVSRUWXQGHLQH VHKUNRPSDNWH%DXZHLVHDXV

$EE7DVFKHQVRUWHU4XHOOH*%,>*%,@ 

)|UGHUWHFKQLVFKHV3ULQ]LSVFKLHIH(EHQH 'XUFK GDV .LSSHQ RGHU 6FKLHIVWHOOHQ GHU *XWDXIQDKPH JOHLWHW GDV 6RUWLHU JXW EHU HLQH VFKLHIH (EHQH LQ GLH (QGVWHOOH $XI GHU *OHLWIOlFKH WUHWHQ 5HLENUlIWHDXIGLHHLQHUVHLWVHLQHJHZLVVH)KUXQJGHV*XWHVHUP|JOLFKHQ DQGHUHUVHLWV DEHU DXFK GHQ ZLUNHQGHQ 6FKZHU XQG )OLHKNUlIWHQ HQWJHJHQ ZLUNHQ VR GDVV EHL XQJQVWLJHQ .RQVWHOODWLRQHQ GLH $XVVFKOHXVXQJ QLFKW IXQNWLRQLHUW

.LSSVFKDOHQVRUWHU

'HU 9HUWHLOI|UGHUHU GHV .LSSVFKDOHQVRUWHUV JOHLFKW SULQ]LSLHOO GHQHQ GHV 4XHUJXUW GHV .DPP RGHU GHV %UXVKVRUWHUV (U EHVWHKW HEHQIDOOV DXV HLQ]HOQHQ )DKUZHUNHQ GLH DXI HLQHP JHVFKORVVHQHQ 6FKLHQHQSDUFRXUV

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



UROOHQJHIKUW YHUIDKUHQ 'LHVH )DKUZHUNH VLQG ZLH LQ $EE HUNHQQ EDU JHOHQNLJ PLWHLQDQGHU YHUEXQGHQ

$QJHWULHEHQ ZLUG GHU (QGORV]XJ

IRUPVFKOVVLJ UHLEVFKOVVLJ RGHU PLW HLQHP /LQHDUPRWRU $XI GHQ )DKU ZHUNHQ EHILQGHQ VLFK EHLGVHLWLJ NLSSEDUH 7UDJHOHPHQWH 6FKDOHQ  DOV *XW DXIQDKPHDXIGHQHQGLH*WHUWUDQVSRUWLHUWZHUGHQ +lXILJ VLQG DXI HLQHP )DKUZHUN ]ZHL VROFKHU 7UDJHOHPHQWH KLQWHUHLQ DQGHUDQJHEUDFKW'DKHUN|QQHQHEHQIDOOV*WHUVRUWLHUWZHUGHQGLHOlQJHU DOV HLQH HLQ]HOQH 6FKDOH VLQG GD DXFK EHL .XUYHQIDKUW NHLQH 5HODWLYEHZH JXQJ ]ZLVFKHQ GHQ 7UDJHOHPHQWHQ HLQHV )DKUZHUNV VWDWWILQGHW XQG GDKHU GLH*WHUDXI]ZHL6FKDOHQOLHJHQN|QQHQ

D 

E 

$EE .LSSVFKDOHQVRUWHU D  3ULQ]LSELOG E  HLQ]HOQHU )DKUZDJHQ PLW .LSSPH FKDQLVPXV4XHOOH%(80(5

'LH 6FKDOHQ VLQG ]XP (LQVFKOHXVHQ XQG EHLP 7UDQVSRUW LQ ZDDJHUHFKWHU 6WHOOXQJ YHUULHJHOW $Q GHU HQWVSUHFKHQGHQ (QGVWHOOH ZLUG HLQ 0HFKDQLV PXV EHWlWLJW GHU GDV .LSSHQ GHU 6FKDOHQ DXVO|VW :lKUHQG DQIlQJOLFK HLQ IUHLHV .LSSHQ GXUFK GLH 6FKZHUNUDIW HUIROJWH ZLUG GLH 6FKDOHQEHZHJXQJ KHXW]XWDJH GXUFK HLQH .XOLVVHQIKUXQJ JHVWHXHUW RGHU HUIROJW GXUFK HLQHQ HOHNWULVFKHQ $QWULHE 'D GLHVHU 9RUJDQJ LP %HUHLFK YRQ 0LOOLVHNXQGHQ VWDWWILQGHWXQGJOHLFK]HLWLJUHODWLYKRKH0DVVHQ*XWSOXV6FKDOHSOXV7HLOH GHV .LSSPHFKDQLVPXV  EHVFKOHXQLJW ZHUGHQ NRPPW GHU .LSSPHFKDQLN HLQH EHVRQGHUH %HGHXWXQJ ]X $XI GLH YHUVFKLHGHQHQ .LSSPHFKDQLVPHQ ZLUGLQ$EVFKQQlKHUHLQJHJDQJHQ %HL JHHLJQHWHU /DJHUXQJ GHU 6FKDOHQ LVW DXFK GLH hEHUZLQGXQJ YRQ 6WHLJXQJV XQG *HIlOOHVWUHFNHQ P|JOLFK $OV 9DULDQWH JLEW HV DXFK .LSS VFKDOHQVRUWHU PLW]ZHLSDUDOOHOHQ6FKDOHQZLHLQ$EEE JH]HLJW'LH .LSSVFKDOHQ N|QQHQ QXU ]X HLQHU 6HLWH NLSSHQ XQG GLH *WHU PVVHQ GHQ (QGVWHOOHQSDVVHQGDXIGLHOLQNHRGHUUHFKWH6FKDOHJHVFKOHXVWZHUGHQ'LH



'HU9HUWHLOI|UGHUHU

1HQQOHLVWXQJ OlVVW VLFK KLHUGXUFK YHUGRSSHOQ ZREHL KlXILJ GLH 7UDJODVW GHUHLQ]HOQHQ6FKDOHUHGX]LHUWZHUGHQPVVHQVRIHUQGLH)DKUZDJHQQLFKW IUGLHGRSSHOWH%HODVWXQJDXVJHOHJWVLQG %HL *HVFKZLQGLJNHLWHQ ]ZLVFKHQ  XQG PV XQG 6FKDOHQWHLOXQJHQ YRQ FD PP VLQG WKHRUHWLVFKH 6RUWLHUOHLVWXQJHQ YRQ  ELV  (LQKHLWHQ SUR 6WXQGH P|JOLFK 1HXHUH (QWZLFNOXQJHQ HUP|JOLFKHQ GLH 9HUlQGHUXQJ GHU .HWWHQJHVFKZLQGLJNHLW VR GDVV MH QDFK $QODJHQEHODV WXQJ GLH /HLVWXQJ DQJHSDVVW ZHUGHQ NDQQ XQG LQVJHVDPW GDV *HUlXVFK XQG9HUVFKOHL‰YHUKDOWHQSRVLWLYEHHLQIOXVVWZLUG

D 

E 

$EE 9DULDQWHQ GHV .LSSVFKDOHQVRUWHUV 4XHOOH ).,  D  (LQIDFKVFKDOH E 'RSSHOVFKDOH

'HU .LSSVFKDOHQVRUWHU HLJQHW VLFK IU *WHU XQWHUVFKLHGOLFKHU *U|‰H *H ZLFKW XQG )RUP (QWVSUHFKHQG GHP *XWVSHNWUXP N|QQHQ GLH .LSSVFKDOHQ LQ *U|‰H )RUP XQG 0DWHULDO DQJHSDVVW ZHUGHQ 'LH 6RUWLHUXQJ ODQJHU 6WFNJWHU ELV ]X PP  LVW EHU GLH %HOHJXQJ YRQ ]ZHL 6FKDOHQ P|JOLFK GLH  ZLH EHUHLWV DXVJHIKUW  MHGRFK DXI HLQHP )DKUZDJHQ PRQ WLHUW VHLQ PVVHQ XP *XW XQG 6RUWHU EHHLQWUlFKWLJHQGH 5HODWLYEHZHJXQ JHQEHL.XUYHQIDKUWHQ]XYHUPHLGHQ 'D GHU $XVVFKOHXVYRUJDQJ KDXSWVlFKOLFK GXUFK HLQ lX‰HUHV .UDIWIHOG 6FKZHUNUDIW  HUIROJW XQG GLH *WHU EHU GLH 6FKDOH DEJOHLWHQ PVVHQ HUJHEHQ VLFK (LQVFKUlQNXQJHQ EHL *WHUQ PLW KRKHP 6FKZHUSXQNW XQGRGHUKDIWHQGHQ2EHUIOlFKHQ'DIULVWGHU.LSSVFKDOHQVRUWHUIUIRUP LQVWDELOH XQG ELHJHZHLFKH *WHU ZLH *HSlFN 6DFN XQG %HXWHOZDUHQ XQG YHUSDFNWH 7H[WLOLHQ JXW JHHLJQHW 'XUFK GLH 6FKDOHQIRUP V $EVFKQ  ZLUGGHU7UDQVSRUWXQGGLH$XVVFKOHXVXQJGHU*WHUXQWHUVWW]WGXUFKGLH .LSSPHFKDQLN $EVFKQ 

NDQQ

GLH

$EZXUIEHVFKOHXQLJXQJ

EHHLQIOXVVW

ZHUGHQ

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



7\SLVFKH(LQVDW]IHOGHUIU.LSSVFKDOHQVRUWHUVLQG8PVFKODJ]HQWUHQYRQ 3DNHWGLHQVWHQ'LVWULEXWLRQV]HQWUHQRGHU9HUWHLODQODJHQIU)OXJJHSlFN

6FKZHQNNODSSHQVRUWHU

%HLGLHVHP6RUWHUELOGHQDQVWHOOHGHU.LSSVFKDOH]ZHLYI|UPLJ]XHLQDQGHU VWHKHQGH .ODSSHQ GLH $XIQDKPH GHV 6RUWLHUJXWHV :HJHQ GHU EHVRQGHUHQ .ODSSHQVWHOOXQJ LQ GHU 7UDQVSRUWVWHOOXQJ ZXUGH DXFK GHU 1DPH Ä*XOO :LQJ6RUWHU³YHUZHQGHW$QGHU$XVVFKOHXVXQJZLUGOHGLJOLFKGHU9HUULH JHOXQJVPHFKDQLVPXV GHU DXVZXUIVHLWLJHQ .LSSNODSSH HQWULHJHOW XQG GDV 6RUWLHUJXW JOHLWHW GXUFK GLH 6FKZHUNUDIW EHU GLH .ODSSH LQ GLH (QGVWHOOH 'LHVHV DXV )UDQNUHLFK NRPPHQGH 3ULQ]LS ZXUGH LQ 'HXWVFKODQG QXU HLQ HLQ]LJHV 0DO UHDOLVLHUW 'HU 6FKZHQNNODSSHQVRUWHU ZXUGH  GXUFK GLH )LUPD0DW)OH[EHLP'3''HSRWLQ 5DXQKHLPLQVWDOOLHUW'RUWZXUGHQ DXFKLP -DKUGLH3KRWRVLQGHQ$EELOGXQJHQDXIJHQRPPHQ

D 

E 

F 

$EE 6FKZHQNNODSSHQVRUWHU GHU )LUPD 0DW)OH[ LP '3''HSRW  LQ 5DXQKHLPD $EZXUIKDOOHE $EZXUIF 6FKZHQNNODSSHQ

'LH UHDOLVLHUWH $QODJH KDW HLQH *HVDPWOlQJH YRQ 0HWHUQ XQG EHVWHKW DXV  )DKUZHUNHQ PLW HLQHU :DJHQOlQJH YRQ PP XQG HLQHU 7UDJ NUDIW YRQ  .LORJUDPP 'LH )DKUZDJHQ EHVWHKHQ DXV HLQHP =ZHLUDG IDKUZHUN PLW VFKZHQNEDUHQ 7UDJUROOHQ XQG ]XVlW]OLFKHQ VHLWOLFKHQ )K UXQJVUROOHQ

'LH

DQHLQDQGHU

JHNRSSHOWHQ

)DKUZHUNH

ZHUGHQ

GXUFK

LQVJHVDPW  /LQHDUPRWRUHQ PLW HLQHU *HVFKZLQGLJNHLW YRQ ]ZHL0HWHUQ SUR 6HNXQGH EHZHJW +LHUDXV HUJLEW VLFK HLQH WKHRUHWLVFKH 6RUWLHUOHLVWXQJ YRQ$XVVFKOHXVXQJHQSUR6WXQGH'LH5HDOOHLVWXQJOLHJWODXW%HWUHL EHUDQJDEHQEHL(LQKHLWHQSUR6WXQGH'LH/LQHDUPRWRUHQKDEHQHLQH $QWULHEVNUDIW YRQ  GD1 'DV OlQJHQEH]RJHQH *HZLFKW GHV 6RUWHUV EH WUlJW.LORJUDPPSUR0HWHU 'LH YI|UPLJH 6FKDOH HUP|JOLFKW GHQ VLFKHUHQ 7UDQVSRUW HLQHV JUR‰HQ *XWVSHNWUXPVHLQVFKOLH‰OLFKUXQGHUXQG]\OLQGULVFKHU3DFNVWFNH(VN|Q QHQ ELV ]X GUHL )DKUZDJHQ PLW HLQHP *XW EHOHJW ZHUGHQ VR GDVV WKHRUH WLVFKELV]X0HWHUODQJH*WHUWUDQVSRUWXQGVRUWLHUIlKLJVLQG



'HU9HUWHLOI|UGHUHU

D 

E 

$EE

6FKZHQNNODSSHQVRUWHU

F 

D 

6FKZHQNPHFKDQLVPXV

E 

(QWULHJHOXQJ

F 9HUULHJHOXQJ

$Q HLQHP DXVJHEDXWHQ )DKUZDJHQREHUWHLO LQ $EE D  NDQQ PDQ GHQ .ODSSHQPHFKDQLVPXV VWXGLHUHQ %HLGH 6FKZHQNNODSSHQ VLQG DXI HLQHU JHPHLQVDPHQ $FKVH JHODJHUW $Q MHGHU .ODSSH LVW HLQ $OXGUXFNJXVVKHEHO EHIHVWLJW GHU JOHLFK]HLWLJ HLQHQ (QGODJHQGlPSIHU IU GLH DQGHUH .ODSSH DXIQLPPW 'HU +HEHO LVW PLWWHOV HLQHU 6SHUUNOLQNH DQ HLQHU ZHLWHUHQ :HOOH YHUULHJHOW VR GDVV MHGH .ODSSH PLW HLQHP :LQNHO YRQ FD *UDG QDFK REHQ JHKDOWHQ ZLUG ,Q GHU $EELOGXQJ LVW HLQH 6HLWH HQWULHJHOW GLH DQGHUH 6HLWHLVWYHUULHJHOW'LHVHV2EHUWHLOLVWPLWGHP)DKUZDJHQYHUVFKUDXEWGHU GHPLQ$EEJH]HLJWHQ$XIEDXVHKUlKQHOW $Q GHQ (QGVWHOOHQ VLQG UHFKWV XQG OLQNV HOHNWURPDJQHWLVFK EHWlWLJWH 6FKDOWIDKQHQ EHIHVWLJW GLH LP $XVO|VHIDOO QDFK REHQ VFKZHQNHQ XQG DQ GHU QlFKVWHQ YRUEHLODXIHQGHQ .ODSSH GLH EHWUHIIHQGH 6SHUUNOLQNH HQWULH JHOQ'LH.ODSSHLVWVFKZHUHUDOVGHU+HEHOVRGDVVVLHGXUFKGLH6FKZHU NUDIW QDFK XQWHQ VFKZHQNW XQG HUVW GXUFK GHQ (QGODJHQGlPSIHU DEJH EUHPVW ZLUG V $EEE  'DV *XWJOHLWHW KHUDXV XQG UXWVFKWZHLWHU LQ GLH(QGVWHOOH(LQZHLWHUHU+HEHODQGHP)DKUZDJHQVWHOOWGLH6FKDOWIDKQH ZLHGHU ]XUFN GDPLW GLH QlFKVWH .ODSSH QLFKW HEHQIDOOV QRFK DXVJHO|VW ZLUG 'LH 6FKZHQNNODSSHQ ZHUGHQ YRU GHP (LQVFKOHXVEHUHLFK GXUFK HLQH VFKUlJ DQVWHLJHQGH 6FKLHQH ZLHGHU QDFK REHQ JHGUFNW XQG YHUULHJHOW V$EE F  'HU6FKZHQNPHFKDQLVPXVLVWYHUJOHLFKVZHLVHVLPSHODXIJHEDXWMHGRFK VRUJHQLQGHU6XPPHUHODWLYYLHOHEHZHJWH(LQ]HOWHLOHXQGGLH*HVDPW]DKO GHU  :DJHQ IU HLQHQ GHXWOLFKHQ :DUWXQJVDXIZDQG GHU EHL GHU '3' 

$QODJH]ZHL0RQWHXUHSUR6FKLFKWELQGHW



 'LH EHLGHQ 0RQWHXUH SUR 6FKLFKW VLQG ]XVlW]OLFK IU HLQHQ 6WDKOEDQGVRUWHU ]X VWlQGLJGHU MHGRFK HLQHQZHLWDXVJHULQJHUHQ:DUWXQJVDXIZDQG HUIRUGHUW

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



'UHKVRUWHU

'HU 'UHKVRUWHU LVW HLQ NRPSDNWHU .OHLQJXWVRUWHU GHU DOV 9HUWHLOV\VWHP IU GHQ PLWWOHUHQ /HLVWXQJVEHUHLFK LQVEHVRQGHUH LP +LQEOLFN DXI :LUWVFKDIW OLFKNHLWNRQ]LSLHUWZRUGHQLVW (U EHVWHKW LP :HVHQWOLFKHQ DXV HLQHP URWLHUHQGHQ NHJHOVWXPSII|UPL JHQ 7HOOHU GHU GLH 6WFNJWHU LQ GLH DXI GHP .UHLVXPIDQJ EHILQGOLFKHQ (QGVWHOOHQ YHUWHLOW V $EE  'HU NHJHOVWXPSII|UPLJH 'UHKWHOOHU LVW DXV HLQ]HOQHQ 6HJPHQWHQ ]XVDPPHQJHVHW]W GLH (QGVWHOOHQ GHU $QODJH VLQG XP GHQ lX‰HUHQ 5DQG GHV 7HOOHUV DQJHRUGQHW -HGHV 6HJPHQW EHVWHKW DXV HLQHU VFKZHQNEDU DQJHEUDFKWHQ .ODSSH GLH GDV )|UGHUJXW ]XQlFKVW DXIQLPPW XQG HLQHU ]XVlW]OLFKHQ *OHLWIOlFKH GLH %HVWDQGWHLO GHV 'UHKWHO OHUV LVW 'XUFK GLHVH *OHLWEDKQ ZLUG HUUHLFKW GDVV GLH 6WFNJWHU YRU GHU hEHUJDEH LQ GLH (QGVWHOOH LQ 5DGLDOULFKWXQJ EHVFKOHXQLJHQ XQG XQWHU HL QHP VWHLOHUHQ $EJDEHZLQNHO GHQ 'UHKWHOOHU YHUODVVHQ 'XUFK XQWHUVFKLHG OLFKH6WHOOXQJHQGHU.ODSSHQNDQQGDV)|UGHUJXWHLQHUVHLWV DXIGHP 'UHK WHOOHUJHKDOWHQXQGDQGHUHUVHLWVJH]LHOWDEJHJHEHQZHUGHQ

D 

E 

$EE'UHKVRUWHUD 6NL]]HE 3URWRW\S

'LH)|UGHUJWHUZHUGHQWDQJHQWLDOYRQDX‰HQEHUHLQJHWDNWHWHVPHKUVWX ILJHV %DQGI|UGHUV\VWHP GHQ HLQ]HOQHQ 6HJPHQWHQ GHV 'UHKWHOOHUV ]XJH IKUW 'LH .ODSSHQ LP REHUHQ %HUHLFK GHV 'UHKWHOOHUV ZHUGHQ GD]X EHU HLQH XQWHU GHP 'UHKWHOOHU EHILQGOLFKH .XOLVVH LQ GLH +RUL]RQWDOH JH VFKZHQNW V $EE  'XUFK HLQH

JHUHJHOWH (LQVFKOHXVXQJ ZLUG GDV

6WFNJXW DXI GLH 0LWWHODFKVH GHU 6FKZHQNNODSSH JHEUDFKW $QVFKOLH‰HQG VHQNW VLFK GLH .ODSSH ELV GHUHQ XQWHUH .DQWH GDV 1LYHDX GHU *OHLWEDKQ XQWHUIlKUW'DGXUFKELOGHWVLFKHLQH$QODJHNDQWHGLHGDV)|UGHUJXWELV]XU $XVVFKOHXVXQJ ]XUFNKlOW 'XUFK GLH NRPELQLHUWH :LUNXQJ YRQ (UG XQG =HQWULIXJDOEHVFKOHXQLJXQJ ZLUG GDV )|UGHUJXW JHJHQ GHQ lX‰HUHQ 7HOOHU UDQG JHWULHEHQ 1DFK GHU $NWLYLHUXQJ KHEW HLQ 3QHXPDWLN]\OLQGHU GDV



'HU9HUWHLOI|UGHUHU

.ODSSHQVHJPHQWZLHGHUJHULQJIJLJDQXQGGDV)|UGHUJXWNDQQQXQXQJH KLQGHUWQDFKDX‰HQUXWVFKHQ

D 

E 

$EE (LQVFKOHXVXQJ D  ''DUVWHOOXQJ GHU (LQVFKOHXVSKDVH  E  6FKZHQN NODSSHLQZDDJHUHFKWHU(LQVFKOHXVSRVLWLRQ

'LH %HWlWLJXQJ GHU $XVVFKOHXVXQJ HUIROJW PLW HLQHP HQWVSUHFKHQGHQ ]HLW OLFKHQ 9HU]XJ 2IIVHW  XP GLH 'UHKZLQNHOlQGHUXQJ ZlKUHQG GHU 5XWVFK ]HLW ]X NRPSHQVLHUHQ XQG GLH )|UGHUJXWEHZHJXQJ GHUDUW ]X V\QFKURQLVLH UHQ GDVV VLFK GDV )|UGHUJXW EHL (UUHLFKHQ GHU XQWHUHQ 'UHKWHOOHUNDQWH H[DNW YRU GHU JHZQVFKWHQ (QGVWHOOH EHILQGHW :lKUHQG GDV ]XJUXQGH OLHJHQGH.RQ]HSWDXIYHUJOHLFKVZHLVHHLQIDFKHQ(OHPHQWHQDXIVHW]WLVWGLH DSSOLNDWLRQVVSH]LILVFKH 2SWLPLHUXQJ GHU $QODJHQSDUDPHWHU DXIJUXQG GHU ]DKOUHLFKHQ YHUQHW]WHQ (LQIOXVVJU|‰HQ UHODWLY NRPSOH[ +LHU JLOW HV MH ZHLOVVLQQYROOH*U|‰HQIU'UHKJHVFKZLQGLJNHLW1HLJXQJVZLQNHO'XUFK PHVVHU E]Z 5DGLXV PD[LPDOH 6WFNJXWDEPHVVXQJHQ XQG GLH *HVWDOWXQJ GHU 5XWVFKIOlFKHQ ]X GHILQLHUHQ >6FK@ 'HU 6RUWHU ZXUGH DP /HKUVWXKO IU )|UGHU XQG /DJHUZHVHQ GHU 8QLYHUVLWlW 'RUWPXQG JHPHLQVDP

PLW

GHP )UDXQKRIHU,QVWLWXW IU 0DWHULDOIOXVV XQG /RJLVWLN HQWZLFNHOW XQG DOV 3URWRW\S UHDOLVLHUW 'DV 3DWHQW XQG GHU 3URWRW\S ZXUGHQ  YRQ GHU )LU PD/|GLJH,QGXVWULHVEHUQRPPHQ 'HU3URWRW\S KDWHLQHQ'UHKWHOOHUGXUFKPHVVHUYRQVHFKV0HWHUQXQGHL QH 5RWDWLRQVJHVFKZLQGLJNHLW YRQ  8PGUHKXQJHQ SUR 0LQXWH %HL  6HJPHQWHQ HUJLEW VLFK HLQH WKHRUHWLVFKH 6RUWLHUOHLVWXQJ YRQ  6WFN SUR6WXQGH'HU$QWULHEHUIROJWEHUHLQHQ]HQWUDOHQ'UHKVWURPDQWULHEGLH ]XU %HWlWLJXQJ GHU .ODSSHQ EHQ|WLJWH 'UXFNOXIW ZLUG GXUFK HLQHQ PLWJH IKUWHQ.OHLQNRPSUHVVRUHU]HXJW (VN|QQHQ6RUWLHUJWHUYRQGHU*U|‰HHLQHU&'ELV]X*WHUQPLWHLQHU *UXQGIOlFKHYRQ[PPXQGHLQHP*HZLFKWYRQELV]XNJVRU WLHUWZHUGHQ$OV7HVWJWHUZXUGHQQHEHQ3DNHWHQXQG.XQVWVWRIIEHKlOWHUQ %HXWHOYHUVFKZHL‰WH0HGLHQXQG$EIDOOVlFNHHUIROJUHLFKVRUWLHUW

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



:HJHQ VHLQHV HLQIDFKHQ $XIEDXV GHU IXQNWLRQVVLFKHUHQ *HVWDOWXQJ PLW QXU HLQHP ]HQWUDOHQ $QWULHE GHP NRPSDNWHQ IOlFKHQVSDUHQGHQ $XIEDX XQG GHU KLHUGXUFK YHUJOHLFKVZHLVH JHULQJHQ .RVWHQ HUJHEHQ VLFK YLHOIlOWL JH(LQVDW]EHUHLFKH(UNDQQLQYRUKDQGHQH3URGXNWLRQVXQG'LVWULEXWLRQV V\VWHPH LQWHJULHUW ZHUGHQ DEHU DXFK LQ NOHLQHUHQ )OXJKlIHQ RGHU LQ GHU (QWVRUJXQJVORJLVWLNELHWHQVLFKJXWH0|JOLFKNHLWHQ

%HOHJXQJVDUWIUHLH%HOHJXQJ 'LH IUHLH %HOHJXQJ GHV 9HUWHLOI|UGHUHUV NHQQ]HLFKQHW QDFK GHU KLHU YHU ZHQGHWHQ 6\VWHPDWLN HLQH QHXH +DXSWJUXSSH %HL GLHVHQ 9HUWHLOI|UGHUHUQ JLEW HV NHLQH GLVNUHWHQ )|UGHUHOHPHQWH RGHU *XWDXIQDKPHQ VRQGHUQ GLH *WHU ZHUGHQ P|JOLFKVW GLFKW ]XHLQDQGHU DXI GLH *XWDXIQDKPH JHEUDFKW XQGPVVHQGDQQGHQJHVDPWHQ7UDQVSRUWYRUJDQJELV]XU$XVVFKOHXVSRVL WLRQ DQ GLHVHU 3RVLWLRQ EOHLEHQ GDPLW GLH 6WHXHUXQJ GHQ ULFKWLJHQ $XVO| VHPRPHQWIUGHQ$XVVFKOHXVPHFKDQLVPXVEHUHFKQHQNDQQ +LHU]X GXUFKODXIHQ GLH LGHQWLIL]LHUWHQ *WHU NXU] YRU GHP (LQODXIHQ LQ GLH 6RUWLHUVWUHFNH HLQH /LFKWVFKUDQNH +LHUPLW EHJLQQW GLH 7ULJJHUXQJ 9RQ GLHVHP 0RPHQW DQ HUIROJW GLH ,QLWLDOLVLHUXQJ GHU $XVVFKOHXVXQJ OH GLJOLFK ]HLWJHVWHXHUW SURSRUWLRQDO ]XU 7UDQVSRUWJHVFKZLQGLJNHLW GHV 6RU WHUV 'DV EHGHXWHW GDVV VLFK GLH *XWSRVLWLRQ UHODWLY ]XP )|UGHUHU QLFKW PHKUYHUlQGHUQGDUI'DKHUHLJQHQVLFKHLJHQWOLFKQXUVFKOXSIIUHLH)|UGHU WHFKQLNHQ $QVRQVWHQ PXVV YRU MHGHU (QGVWHOOH HLQH HLJHQH /LFKWVFKUDQNH LQVWDOOLHUXQGGDVÄULFKWLJH³*XWGXUFKÄ]lKOHQ³JHIXQGHQZHUGHQ 9RUWHLOKDIW EHL GHU IUHLHQ %HOHJXQJ LVW GLH 0|JOLFKNHLW GLH *XWIROJH HQWVSUHFKHQG GHU *U|‰H GHU 6WFNJWHU ]X PLQLPLHUHQ VR GDVV KLHUGXUFK GHXWOLFKH/HLVWXQJVVWHLJHUXQJHQLP9HUJOHLFK]XU(LQ]HOSODW]EHOHJXQJZR GLHVHU $EVWDQG GXUFK GHQ )|UGHUHU YRUJHJHEHQ LVW HU]LHOW ZHUGHQ N|QQHQ %HLGHUIUHLHQ%HOHJXQJNDQQHEHQIDOOVKLQVLFKWOLFKGHU:LUNSULQ]LSLHQGHU $XVVFKOHXVXQJGLIIHUHQ]LHUWZHUGHQ :LUNSULQ]LSGHU$XVVFKOHXVXQJDEI|UGHUQG (VZHUGHQ]ZHLXQWHUVFKLHGOLFKH3ULQ]LSLHQ]XU$XVVFKOHXVXQJYHUZHQGHW (LQPDO N|QQHQ 7HLOH GHV )|UGHUHUV JHVFKZHQNW ZHUGHQ GDQQ VSULFKW PDQ YRQ :HLFKHQ :HQQ MHGRFK HLQ DQGHUHV )|UGHUHOHPHQW ]XP $XVVFKOHXVHQ DNWLYLHUW ZLUG VSULFKW PDQ YRP 7UDQVIHU +LHU ZLUG MH QDFK )|UGHUSULQ]LS LQ*XUW.HWWHQXQG5ROOHQWUDQVIHUXQWHUVFKLHGHQ %HL HLQHU :HLFKH ZLUG HLQ 7HLO GHV )|UGHUHUV NRPSOHWW LQ GLH $XV VFKOHXVULFKWXQJ JHVFKZHQNW XQG GDV LQ GHU :HLFKH EHILQGOLFKH *XW LQ GLH HQWVSUHFKHQGH 5LFKWXQJ JHI|UGHUW %HLP 6FKDOWHQ GHU :HLFKHQ LVW ]X  EHUZDFKHQ GDVV VLFK NHLQH *WHU LP hEHUJDQJ EHILQGHQ XQG GHU $EVWDQG GHU IROJHQGHQ *WHU GHQ :HLFKHQVFKDOW]HLWHQ HQWVSULFKW 'LH :HLFKHQ N|QQHQ]ZHLRGHUPHKUHUHDOWHUQDWLYH)|UGHUULFKWXQJHQKDEHQ6LQQYROOLVW HLQH 8QWHUVFKHLGXQJ HQWVSUHFKHQG GHU 6FKZHQNHEHQH LQ +RUL]RQWDO XQG



'HU9HUWHLOI|UGHUHU

9HUWLNDOZHLFKH *HQHUHOO EHVLW]HQ GLH :HLFKHQ QXU ZHQLJH =LHOULFKWXQJHQ (QGVWHOOHQ  VR GDVV VLH LQ 6RUWLHUV\VWHPHQ OHGLJOLFK DOV 9RUVRUWHU HLQJH VHW]W ZHUGHQ %HLVSLHOVZHLVH XP EHL PHKUHUHQ (LQVFKOHXVEHUHLFKHQ ]XU /HLVWXQJVVWHLJHUXQJGLH6RUWLHUJWHUGHPULFKWLJHQ%HUHLFK]X]XIKUHQ

)|UGHUWHFKQLVFKHV3ULQ]LS+RUL]RQWDOZHLFKHQ +RUL]RQWDOZHLFKHQN|QQHQMHQDFKYHUZHQGHWHP)|UGHUPLWWHOXQWHUVFKLHG OLFK UHDOLVLHUW ZHUGHQ %HLP (LQVDW] YRQ *XUWI|UGHUHUQ LVW GHU.DQDOVRUWHU HLQ 5HDOLVLHUXQJVEHLVSLHO EHL GHU 9HUZHQGXQJ HLQHV 5ROOHQI|UGHUHUV GLH 5ROOHQGUHKZHLFKH

.DQDOVRUWHU

'HU 8I|UPLJH .DQDO EHVWHKW DXV HLQHP KRUL]RQWDOHQ XQG ]ZHL YHUWLNDOHQ *XUWI|UGHUHUQ0HKUHUHNXU]HKLQWHUHLQDQGHUJHVFKDOWHWH(LQKHLWHQN|QQHQ VFKQHOO JHVFKZHQNW ZHUGHQ XQG GDV LP .DQDO EHILQGOLFKH 6RUWLHUJXW LP VSLW]HQ:LQNHO]XU+DXSWI|UGHUULFKWXQJDXVVFKOHXVHQV$EED  'XUFK HLQH HQWVSUHFKHQGH :DKO YRQ .DQDOEUHLWH XQG 6HJPHQWOlQJH N|Q QHQ QDKH]X EHOLHELJH *WHU VRUWLHUW ZHUGHQ 'DV MHZHLOLJH 6SHNWUXP LVW DOOHUGLQJVVHKUJHULQJ'DV 3ULQ]LSHQWVWDPPWGHU %ULHIVRUWLHUXQJZRVLFK GXUFKGLHHLQJHVFKUlQNWH9DULDWLRQVEUHLWHGHU6RUWLHUJXWGLFNHQQDKH]XDOOH %ULHIIRUPDWH VRUWLHUHQ ODVVHQ )U GLH 6RUWLHUXQJ YRQ 3DNHWHQ LVW GLH (LQ VFKUlQNXQJ GHU )RUPDWH VLFKHUOLFK SUREOHPDWLVFK $XI GHU DQGHUHQ 6HLWH N|QQHQ PLW GHP 6RUWHU JHQJHQG (QGVWHOOHQ UHDOLVLHUW ZHUGHQ VR GDVV HU DXFKDOV+DXSWVRUWHUHLQVHW]EDULVW

5ROOHQGUHKZHLFKH

)U JU|‰HUH *HZLFKWH XQG HLQ JU|‰HUHV *XWVSHNWUXP HLJQHQ VLFK 5ROOHQ GUHKZHLFKHQ GLH DXFK 7XUQRXW6RUWHU JHQDQQW ZHUGHQ %HL GHQ 5ROOHQ GUHKZHLFKHQ ZHUGHQ HLQ RGHU PHKUHUH PHLVW NUHLVI|UPLJH (OHPHQWH PLW PHKUHUHQ =\OLQGHUUROOHQ VR JHGUHKW GDVV GLH 6RUWLHUJWHU EHU HLQH GHU PHLVW ]ZHL PD[LPDO GUHL 5LFKWXQJHQ JHI|UGHUW ZHUGHQ 'LH /HLVWXQJV EDQGEUHLWH GHU UHDOLVLHUWHQ 6\VWHPH LVW MH QDFK ]X EHZHJHQGHU 0DVVH VHKU JUR‰'HU6RUWHUQDFK$EEE HUUHLFKWHLQH6RUWLHUOHLVWXQJYRQ (LQKHLWHQSUR6WXQGH>6LJ@

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU

D 



E 

$EE 5HDOLVLHUXQJHQ YRQ +RUL]RQWDOZHLFKHQ D  .DQDOVRUWHU E 5ROOHQGUHK ZHLFKH4XHOOH6LJPD 

)|UGHUWHFKQLVFKHV3ULQ]LS9HUWLNDOZHLFKHQ 9HUWLNDOZHLFKHQ ZHUGHQ ZHJHQ GHU XQYHUPHLGOLFKHQ 6WHLJXQJHQ E]Z *HIlOOH PLW *XUWI|UGHUHUQUHDOLVLHUWGLHJHQJHQGKRKH5HLEZHUWHDXIZHL VHQ'LH:HLFKHQXQWHUVFKLHGHQVLFKKDXSWVlFKOLFKKLQVLFKWOLFKGHUP|JOL FKHQ)|UGHUVWU|PHLQ=ZHLXQG'UHLZHJHZHLFKHQ

=ZHLXQG'UHLZHJHZHLFKHQ

,Q $EE VLQG EHLVSLHOKDIW ]ZHL :HLFKHQIRUPHQ GDUJHVWHOOW 'LH EH ZHJOLFKHQ (OHPHQWH GHU :HLFKHQ VLQG ]ZHLJHWHLOW XQG EHZHJHQ VLFK DXI HLQDQGHU]XXPGLH6FKDOW]HLWHQXQGGLHEHZHJWHQ0DVVHQ]XYHUULQJHUQ 'LH W\SLVFKH /HLVWXQJ HLQHU =ZHLZHJHZHLFKH OLHJW EHL EHU  (LQ KHLWHQ SUR 6WXQGH EHL 'UHLZHJHZHLFKHQ ZHUGHQ QRFK FD  (LQKHLWHQ SUR6WXQGHHUUHLFKW'LH*XWJU|‰HQVLQGYRQGHQ*XUWEDQGEUHLWHQGHU)|U GHUHU DEKlQJLJ XQG UHLFKHQ YRQ (LQKHLWHQ PLW  [  [  PP ELV ]X [[PP'LH*HZLFKWHUHLFKHQYRQELV]X.LORJUDPP >9DQ@ %HWUDFKWHW PDQ GLH 'XUFKVlW]H PXVV PDQ EHUFNVLFKWLJHQ GDVV GLH JH VDPWH /HLVWXQJ GXUFK QXU HLQ 6FKDOWHOHPHQW $XVVFKOHXVPHFKDQLVPXV  EHZlOWLJWZHUGHQPVVHQ%HL3DNHWHQSUR6WXQGHPXVVGLHPLQLPD OH 6FKDOW]HLW GHU =ZHLZHJHZHLFKH EHL  6HNXQGHQ OLHJHQ VR GDVV DQ GLH 0HFKDQLN6HQVRULNXQG6WHXHUXQJKRKH$QIRUGHUXQJHQJHVWHOOWZHUGHQ



'HU9HUWHLOI|UGHUHU

D 

E 

$EE $XVIKUXQJVIRUPHQ YRQ 9HUWLNDOZHLFKHQ 4XHOOH 9DQGHUODQGH  D =ZHLZHJHZHLFKHE 'UHLZHJHZHLFKH

'DUEHU KLQDXV LVW EHL GHQ =ZHLZHJHZHLFKHQ EH]JOLFK GHU .RPELQDWRULN GHU=XXQG$EI|UGHUXQJ]XXQWHUVFKHLGHQLQ

E E E

HLQ)|UGHUVWURPDXI]ZHL/LQLHQ ]ZHL)|UGHUVWU|PHDXI]ZHL/LQLHQXQG ]ZHL)|UGHUVWU|PHDXIHLQH/LQLH=XVDPPHQIKUXQJ 

+LQVLFKWOLFKGHU6FKDOWVWHOOXQJHQGHU:HLFKHQVLQGHEHQIDOOVYHUVFKLHGHQH 9DULDQWHQ P|JOLFK ZLH $EE H[HPSODULVFK ]HLJW )U GLH 'UHLZHJH ZHLFKHF VLQGQXU]ZHLGHUGUHLP|JOLFKHQ6FKDOWVWHOOXQJHQGDUJHVWHOOW 







D 

E 

F 

$EE 6FKDOWVWHOOXQJHQ GHU :HLFKHQ D  HLQ )|UGHUVWURP DXI ]ZHL /LQLHQ E ]ZHL)|UGHUVWU|PHDXI]ZHL/LQLHQF HLQ)|UGHUVWURPDXIGUHL/LQLHQ

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



)|UGHUSULQ]LS7UDQVIHU $OV 7UDQVIHU ZHUGHQ (OHPHQWH GHU 6WDQGDUG6WHWLJI|UGHUWHFKQLN EH]HLFK QHW GLH LQ HLQHQ DQGHUHQ )|UGHUHU LQWHJULHUW VLQG EHL $NWLYLHUXQJ DXV GHU +DXSWI|UGHUHEHQHKHUDXVWUHWHQXQGGLHGDUEHUEHILQGOLFKHQ*WHULQHLQHQ 1HEHQI|UGHUVWURP DEOHLWHQ $OV 7UDQVIHUI|UGHUHU VLQG GLH NODVVLVFKHQ 6WH WLJI|UGHUHU *XUW .HWWH 5ROOH XQG 5|OOFKHQ6FKHLEHQ  JHHLJQHW 'HU $XV VFKOHXVZLQNHOEHWUlJWW\SLVFK]ZLVFKHQXQG*UDG %HLP .HWWHQ XQG *XUWWUDQVIHU GXUFKVFKQHLGHW GHU 7UDQVIHUI|UGHUHU GDV )|UGHUPLWWHO LP HQWVSUHFKHQGHQ $XVVFKOHXVZLQNHO 'D]X PVVWH EHLP (LQVDW] HLQHV *XUWEDQGHV HLQ 6FKUlJJXUWI|UGHUHU YHUZHQGHW ZHUGHQ GHV VHQ *XUWIKUXQJ DOOHUGLQJV DXIZlQGLJ XQG WHXHU LVW VR GDVV LQ GLHVHQ )lO OHQPHLVW5ROOHQI|UGHUHUDOV)|UGHUPLWWHOYHUZHQGHWZHUGHQV$EE  /HGLJOLFKGHU5ROOHQWUDQVIHUNDQQDXFK EHL$XVVFKOHXVZLQNHOQXQWHUQHXQ ]LJ *UDG LP UHFKWHQ :LQNHO LQ GHQ +DXSWI|UGHUHU LQWHJULHUW ZHUGHQ VR GDVVKLHUHEHQVR%DQGI|UGHUHUDOV)|UGHUPLWWHOHLQVHW]EDUVLQGZDVZHJHQ GHU ZHLWHU REHQ EHVFKULHEHQHQ 6FKOXSIIUHLKHLW YRUWHLOKDIW IU GHQ 6RUWLHU YRUJDQJLVW

*XUWWUDQVIHU

'LH *XUWUDQVIHUV N|QQHQ ZLHGHUXP XQWHUVFKLHGHQ ZHUGHQ LQ VWDWLRQlUH *XUWWUDQVIHUVXQGPLWEHZHJWH*XUWWUDQVIHUV 'HUVWDWLRQlUH*XUWWUDQVIHUIXQNWLRQLHUWQXUEHUGHQ5HLEVFKOXVVGHVXQWHU GHP6RUWLHUJXWODXIHQGHQ*XUWHV

D 

E 

$EE 7UDQVIHUV D  *XUWWUDQVIHU E  .HWWHQWUDQVIHU PLW 0LWQHKPHUNHWWH 4XHO OH7*: 



'HU9HUWHLOI|UGHUHU

'DVGDUDXIIROJHQGH*XWGDUIGLH$XVVFKOHXVVWHOOHHUVWSDVVLHUHQZHQQGHU $XVVFKOHXVYRUJDQJ YROOVWlQGLJ DEJHVFKORVVHQ ZXUGH XQG GHU *XUWI|UGHUHU ZLHGHUDEJHVHQNWLVW 'DKHU VLQG UHODWLY JUR‰H *XWDEVWlQGH QRWZHQGLJ ,Q .RPELQDWLRQ PLW GHQ 6FKDOW]HLWHQ VLQG GDKHU QXU 6RUWLHUOHLVWXQJHQ YRQ FD  (LQKHLWHQ SUR 6WXQGH EOLFK (V N|QQHQ VRZRKO %HKlOWHU DOV DXFK .DUWRQV DXVJHVFKOHXVW ZHUGHQ 'HU PLWEHZHJWH *XUWWUDQVIHU LVW YRQ GHU %DXIRUP GHP 7UDJVFKXK XQG 6FKLHEHVFKXKVRUWHU lKQOLFK 'DV )|UGHUPLWWHO LVW HLQ 3ODWWHQEDQGI|UGHUHU 'LH ]ZLVFKHQ GHQ .HWWHQ OLHJHQGHQ *XUWI|UGHUHU VLQG FD PP EUHLW 'LH*XUWHKDEHQDXIGHU8QWHUVHLWHZLHGLH7UDJXQG6FKLHEHVFKXKHHLQHQ 0LWQDKPHVWLIW GHU LQ HLQHP 6FKLHQHQV\VWHP PLW HOHNWULVFK EHWULHEHQHQ :HLFKHQJHIKUWLVW+LHUEHUZHUGHQ GLHTXHUYHUODXIHQGHQ*XUWHEHZHJW 'LH%HZHJXQJVHQHUJLHZLUGVRGHP3ODWWHQI|UGHUHUHQW]RJHQ

$EE/LQHDU%HOW6RUWHU4XHOOH)., 

'HU 6RUWHU NDQQ ]X EHLGHQ 6HLWHQ DXVVFKOHXVHQ XQG ZLUG LQ %UHLWHQ YRQ PP  PP XQG  PP DQJHERWHQ 'DV %DXSULQ]LS IU GDV )|U GHUPLWWHO GHU 3ODWWHQI|UGHUHUV PLW ]ZHL SDUDOOHOHQ .HWWHQ YHUKLQGHUW .XU YHQIKUXQJHQVRGDVVGHU 6RUWHUIUHLQ/D\RXWLQ/LQLHQVWUXNWXUSUlGHVWL QLHUW LVW 'HU $XVVFKOHXVPHFKDQLVPXV %DQGI|UGHUHU GHU JOHLFK]HLWLJ GLH *XWDXIODJH GDUVWHOOW HUP|JOLFKW HLQ EUHLWHV 6SHNWUXP DQ VRUWLHUIlKLJHQ *WHUQ9RQIODFKHQ&'VELV]XJUR‰HQ.DUWRQVVLQGYLHOH*WHUI|UGHUIl KLJ

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



.HWWHQWUDQVIHU

'HU .HWWHQWUDQVIHU NDQQ GDV 6RUWLHUJXW HQWZHGHU DOV +XENHWWHQWUDQVIHU SHU 5HLEVFKOXVV RGHU DOV 0LWQHKPHUNHWWHQWUDQVIHU SHU )RUPVFKOXVV DXVVFKOHX VHQ %HLP ]ZHLWHQ )DOO EOHLEW GLH .HWWH LPPHU XQWHUKDOE GHU )|UGHUHEHQH +LHUGXUFKNDQQGHU*XWDEVWDQGJHULQJHUXQGGLH$XVVFKOHXVOHLVWXQJK|KHU ZHUGHQ DOOHUGLQJV VLQG ZHJHQ GHU XQJQVWLJHQ .UDIWHLQOHLWXQJ .DUWRQV QLFKWPHKURKQHZHLWHUHVDXV]XVFKOHXVHQ'LH$XVVFKOHXVOHLVWXQJNDQQELV ]X(LQKHLWHQSUR6WXQGHHUUHLFKHQ

5ROOHQWUDQVIHU

'LH 5ROOHQWUDQVIHUV VLQG LQ PHKUHUHQ 9DULDQWHQ UHDOLVLHUW GLH VLFK DOOJH PHLQ LQ GHU $UW XQG $QRUGQXQJ GHU 5ROOHQ XQWHUVFKHLGHQ 6\VWHPDWLVFK NDQQPDQ]XQlFKVW]ZLVFKHQ6\VWHPHGLHQXULPƒ:LQNHODXVVFKOHXVHQ XQG VROFKH GLH NOHLQHUH :LQNHO PHLVW ƒ ]XODVVHQ XQWHUVFKHLGHQ (LQH ZHLWHUH 8QWHUWHLOXQJ HUIROJW LQ 6\VWHPH EHL GHQHQ GDV *XW ZlKUHQG GHU $XVVFKOHXVXQJHQWZHGHUYROOVWlQGLJJHWUDJHQZLUGXQGMHQHQEHLZHOFKHQ QXU HLQ 7HLO GHV *XWHV YRP )|UGHUPLWWHO DEJHKREHQ XQG GDQQ YRP )|U GHUPLWWHOJH]RJHQZLUG'HP]XIROJHHUJHEHQVLFKYLHU+DXSWYDULDQWHQGLH LQ $EE GDUJHVWHOOW VLQG 'LH GXQNHOJUDX HLQJH]HLFKQHWHQ 5ROOHQ VLQG DQJHWULHEHQXQGKDEHQHLQHQ%HODJPLWKRKHP5HLEZHUW

ƒ$XVVFKOHXVXQJ 9ROOWUDJHQG

D 

ƒ$XVVFKOHXVXQJ

7HLOWUDJHQG

E 

9ROOWUDJHQG

F 

7HLOWUDJHQG

G 

$EE $XVSUlJXQJHQ GHV 5ROOHQWUDQVIHUV D  5ROOHQKXEWLVFK E  )ULNWLRQVUROOH F 5ROOHQWHSSLFKG 5ROOHQOHLVWH

5ROOHQKXEWLVFK 'HU 5ROOHQKXEWLVFK V $EE  EDVLHUW DXI ]ZHL RGHU PHKUHUHQ SDUDOOH OHQ*XUWHQ]ZLVFKHQGHQHQ]\OLQGULVFKH5ROOHQLQVWDOOLHUWVLQG'LH5ROOHQ EHILQGHQ VLFK LP $XVJDQJV]XVWDQG XQWHUKDOE GHV )|UGHUQLYHDXV GHU *XUWH VR GDVV GLH *WHU RKQH 3UREOHPH GDUEHU KLQZHJ JHI|UGHUW ZHUGHQ =XP



'HU9HUWHLOI|UGHUHU

$XVVFKOHXVHQ ZHUGHQ GLH 5ROOHQ EHU GDV *XUWQLYHDX JHKREHQ XQG DQJH WULHEHQ VR GDVV HLQ VLFK GDUDXI EHILQGOLFKHV *XW MH QDFK 5ROOHQGUHKULFK WXQJLP:LQNHOYRQƒYRP)|UGHUPLWWHODXVJHVFKOHXVWZLUG 'HU 5ROOHQKXE NDQQ HOHNWULVFK ZLH DXFK SQHXPDWLVFK HUIROJHQ 'HU 5ROOHQDQWULHEHUIROJWEHUHLQHQVHSDUDWHQ*HWULHEHPRWRU

$EE5ROOHQKXEWLVFK4XHOOH9DQGHUODQGH 

'DV 7UDQVSRUWSULQ]LS GHV %DQGI|UGHUHUV HUODXEW PLW  NJ UHODWLY KRKH *XWJHZLFKWH EHL JOHLFK]HLWLJ VFKRQHQGHU +DQGKDEXQJ GHU *WHU XQG JH ULQJHU *HUlXVFKHQWZLFNOXQJ 'XUFK GHQ VFKOXSIIUHLHQ 7UDQVSRUW HUJLEW VLFKDX‰HUGHP HLQHKRKH$EZXUIJHQDXLJNHLW 1DFKWHLOLJ VLQG GDV LP 9HUJOHLFK ]X DQGHUHQ 6RUWHUQ HLQJHVFKUlQNWH *XW VSHNWUXP VRZLH GLH UHODWLY JHULQJH 6RUWLHUOHLVWXQJ YRQ  6WFN SUR 6WXQGH EHL HLQHU )|UGHUJHVFKZLQGLJNHLW YRQ HLQHP 0HWHU SUR 6HNXQGH :HJHQGHU/FNHQ]ZLVFKHQGHQ5LHPHQVLQG.OHLQYHUSDFNXQJHQNULWLVFK RGHUEHUKDXSWQLFKW]XWUDQVSRUWLHUHQ )ULNWLRQVUROOH 'HU (LQVDW] VHLWOLFK DQJHEUDFKWHU )ULNWLRQVUROOHQ HUODXEW ]XQlFKVW HLQH K|KHUH *XUWJHVFKZLQGLJNHLW XQG K|KHUH 6RUWLHUOHLVWXQJHQ YRQ ELV ]X  (LQKHLWHQ SUR 6WXQGH DOOHUGLQJV EHL JHULQJHUHQ *XWJHZLFKWHQ ]ZL VFKHQ  XQG  NJ 'LH $XVVFKOHXVXQJ HUIROJW QXU ]X HLQHU 6HLWH V $EE  'LH *WHU PVVHQ KLHU]X DQ GHU HQWVSUHFKHQGHQ 6HLWH DXVJH ULFKWHWVHLQXQGZHUGHQGDQQGXUFKGLH)ULNWLRQVUROOHDQJHKREHQXQGLQGLH (QGVWHOOHDXVJHVFKOHXVW

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



$EE)ULNWLRQVUROOH4XHOOH9DQGHUODQGH 

'LH *XWDXVVFKOHXVXQJ HUIROJW LQ HLQHP :LQNHO YRQ  *UDG $OV *WHU VLQG TXDGHUI|UPLJH 3DFNVWFNH PLW JODWWHP %RGHQ JHHLJQHW (LQ W\SLVFKHV (LQVDW]JHELHWLVWGLH6RUWLHUXQJYRQ6FKXKNDUWRQV

=XU $XVVFKOHXVXQJ PLW HLQHU 5ROOH LQ :LQNHOQ XQWHUKDOE YRQ ƒ PVVWH GLH 5ROOH GDV )|UGHUPLWWHO LP JOHLFKHQ :LQNHO VFKQHLGHQ ZDV QLFKW RGHU QXU DXIZlQGLJ P|JOLFK LVW 'DKHU ZHUGHQ EHL $XVVFKOHXVZLQNHOQ XQWHU  *UDG PHKUHUH NXU]H 5ROOHQ YHUZHQGHW GLH LP $XVJDQJV]XVWDQG HQWZHGHU XQWHUKDOEGHV)|UGHUPLWWHOQLYHDXVOLHJHQRGHULKUH0LWWHODFKVHQOLHJHQDXI HLQHU/LQLHXQGGLH5ROOHQI|UGHUQLQGLH5LFKWXQJGHV)|UGHUPLWWHOV =XU $XVVFKOHXVXQJ ZHUGHQ GLH 5ROOHQ DQJHKREHQ XQG JHJHEHQHQIDOOV JHVFKZHQNW VR GDVV VLH DQVFKOLH‰HQG LP $XVVFKOHXVZLQNHO REHUKDOE GHV )|UGHUPLWWHOQLYHDXV GDV GDUEHU EHILQGOLFKH *XW DXVVFKOHXVHQ %HL QXU HLQHU RGHU ]ZHL KLQWHUHLQDQGHU OLHJHQGHQ (LQKHLWHQ VSULFKW PDQ YRQ HLQHU 5ROOHQOHLVWH DQVRQVWHQ YRQ HLQHP 5ROOHQWHSSLFK GHU GDV *XW YROOVWlQGLJ DEKHEW ,VW GHU :LQNHO GHU 5ROOHQ IHVW HLQJHVWHOOW XQG ZLUG GLH )XQNWLRQ GXUFK GDV $QKHEHQ DXVJHO|VW VR VSULFKW PDQ YRQ +XEUROOHQ 6LQG GLH 5ROOHQ GDUEHU KLQDXV VFKZHQNEDU EHLVSLHOVZHLVH XP LQVJHVDPW ƒ ƒ OLQNVJHUDGHDXVƒUHFKWV VLQGHV6FKZHQNUROOHQ 5ROOHQWHSSLFK %HLP 5ROOHQWHSSLFK VLQG PHKUHUH 5ROOHQOHLVWHQ KLQWHUHLQDQGHU DQJHRUGQHW ZLHHVLQ$EEGDUJHVWHOOWLVW 'LHUHODWLYJHULQJHQ0DVVHQGHU5ROOHQOHLVWHQHUODXEHQNXU]H6FKDOW]HL WHQ VR GDVV PLW GHU LQ RELJHU $EELOGXQJ JH]HLJWHQ /|VXQJ EHU  (LQKHLWHQSUR6WXQGHYHUWHLOWRGHUDXFK]XVDPPHQJHIKUWZHUGHQN|QQHQ



'HU9HUWHLOI|UGHUHU

$EE5ROOHQWHSSLFK>7UD@

+LHU VLQG IROJHQGH 9DULDWLRQVP|JOLFKNHLWHQ YRUKDQGHQ =ZHL )|UGHUVWU| PH DXI ]ZHL /LQLHQ YHUWHLOHQ ]ZHL )|UGHUVWU|PH DXI HLQH /LQLH ]XVDP PHQIKUHQ RGHU HLQHQ )|UGHUVWURP DXI ]ZHL /LQLHQ YHUWHLOHQ :HJHQ GHU $EVWlQGH XQG /FNHQ ]ZLVFKHQ GHQ 5ROOHQ GUIHQ PLQLPDOH *XWDEPHV VXQJHQQLFKWXQWHUVFKULWWHQZHUGHQ'DV*HZLFKWGHU*WHUNDQQ]ZLVFKHQ *UDPPXQG.LORJUDPPOLHJHQ 6FKZHQNUROOHQVRUWHU 'HU 6FKZHQNUROOHQVRUWHU LVW HLQH 6RQGHUIRUP GHU 5ROOHQOHLVWH %HL GHU 5ROOHQOHLVWH EHVWHKW GLH $XVVFKOHXVHLQULFKWXQJ DXV HLQHU 5HLKH HLQ]HOQHU 5ROOHQ GLH DXV GHU )|UGHUHEHQH KHUDXV DQJHKREHQ ZHUGHQ N|QQHQ V$EE 

$EE6FKZHQNUROOHQVRUWHU4XHOOH9DQGHUODQGH 

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



'LHVH 5ROOHQ VLQG DQJHWULHEHQ XQG VFKUlJ DQJHVWHOOW VR GDVV VLH GDV )|U GHUJXW ZHQQ HV VLFK EHU VLH KLQZHJ EHZHJW VHLWOLFK DEOHQNHQ XQG LQ GLH $EJDEHVWHOOHDXVVFKOHXVHQ 6ROO GDV )|UGHUJXW EHLGVHLWLJ DXVJHVFKOHXVW ZHUGHQ VR VLQG GLH 5ROOHQ ]XVlW]OLFK VFKZHQNEDU DXV]XIKUHQ ,Q GLHVHP )DOO VSULFKW PDQ YRP 6FKZHQNUROOHQVRUWHU8P HLQHVFKQHOOHXQGVLFKHUH$EJDEH]XJHZlKUOHLV WHQ VROOWH EHUHLWV EHL GHU (LQVFKOHXVXQJ DXI GLH 6RUWLHUVWUHFNH HLQH $XV ULFKWXQJ GHU 7HLOH DXI GLH HQWVSUHFKHQGH 6HLWH GXUFKJHIKUW ZHUGHQ ,Q HLQLJHQ$XVIKUXQJHQN|QQHQDQGHQ $EJDEHVWHOOHQ]XVlW]OLFKH)ULNWLRQV UROOHQ DQJHEUDFKW VHLQ GLH PLW HLQHU *HVFKZLQGLJNHLW YRQ FD  EHU GHU)|UGHUHUJHVFKZLQGLJNHLWGLH*WHUYRP)|UGHUHUÄDE]LHKHQ³ =ZLVFKHQ GHQ 5ROOHQOHLVWHQ DQ GHQ $XVVFKOHXVSRVLWLRQHQ EHILQGHQ VLFK 5ROOHQ RGHU *XUWI|UGHUHU 'HU *XUWI|UGHUHU ZUGH GDQQ KlXILJ XQG WHFK QLVFKDXIZlQGLJXQWHUEURFKHQ(QWZHGHU PVVHQ]ZLVFKHQGHQ(QGVWHOOHQ HLQ]HOQH *XUWI|UGHUHU PLW HLJHQHQ RGHU JHNRSSHOWHQ $QWULHEHQ HLQJHVHW]W ZHUGHQ RGHU PDQ PXVV GHQ *XUW ZLH LQ $EE JH]HLJW XQWHU GHP 6FKZHQNUROOHQVDW]GXUFKIKUHQ

4WPFTKGOGP

#WUUEJNGWUDCJP (TKMVKQPUTQNNG

JGDWPFFTGJDCTG#WUUEJNGWUTQNNGP

(ÑTFGTTKEJVWPI

6DQ@

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



'DV*XWVROOWHZHLWHVWJHKHQGDP)OLSSHUDQOLHJHQXPPLWGLHVHPJHPHLQ VDPEHVFKOHXQLJW]XZHUGHQ$QVRQVWHQWUHWHQVHKUKRKH,PSXOVNUlIWHDXI GLH]XHLQHU%HVFKlGLJXQJRGHU=HUVW|UXQJIKUHQN|QQHQ 'LH*XWEHODVWXQJHQEHLP )OLSSHUVLQGQRFKPDOVK|KHUDOVEHLP 3XVKHU VRGDVVKLHUQXUIHVWH.DUWRQDJHQXQG%HKlOWHUJHHLJQHWVLQG 'LH )OLSSHU ZHUGHQ EHL *XUW XQG EHL 6WDKOEDQGVRUWHUQ HLQJHVHW]W 6WDKOEDQGVRUWHU KDEHQ LKUHQ 1DPHQ GXUFK GDV  PP VWDUNH 6WDKOEDQG DXV(GHORGHU%DXVWDKOZHOFKHVDQVWHOOHGHV*XUWHVYHUZHQGHWZLUG9RU WHLOKDIW JHJHQEHU *XPPLJXUWHQ LVW GLH K|KHUH /HEHQVGDXHU LQVEHVRQGHUH EHLP 6RUWLHUHQ VFKDUINDQWLJHU *WHU GLH 8QHPSILQGOLFKNHLW JHJHQEHU 4XHUNUlIWHQ XQG GHU QLHGULJHUH 5HLEEHLZHUW ZHOFKHU GHU KRKHQ QRWZHQGL JHQ %HVFKOHXQLJXQJ GHU *WHU EHLP Ä6FKQLSSHQ³ HQWJHJHQ NRPPW $X ‰HUGHP LVW GLH 'HKQXQJ GHV 6WDKOEDQGHV PLQLPDO 1DFKWHLOLJ VLQG GLH KRKHQ /DXIJHUlXVFKH GXUFK 6FKZLQJXQJHQ GHV %DQGHV 'LH %lQGHU ZHU GHQ LQ /lQJHQ ELV ]X FD  P XQG  P %UHLWH KHUJHVWHOOW 'LH )|UGHUJH VFKZLQGLJNHLWHQ OLHJHQ EHL  PV GLH 6RUWLHUOHLVWXQJHQ HUUHLFKHQ KLHUEHL (LQKHLWHQSUR6WXQGH >6DQ@ $OV*XWJU|‰HQVLQGPD[LPDO[  [  PP ]XOlVVLJ 'HU PLQLPDOH *XWDEVWDQG EHL =\NOXV]HLWHQ GHV )OLSSHUV YRQ  6HNXQGHQ EHWUlJW PP GHU *XW]ZLVFKHQUDXP PLQGHVWHQVPP *HQHUHOO VWHKW GHP 9RUWHLO GHU KRKHQ 6RUWLHUOHLVWXQJHQ GHU )OLSSHU GHU 1DFKWHLOGHUKRKHQ*XWEHODVWXQJHQWJHJHQ

'UHKDUPVRUWHU

,Q GLHVHU +LQVLFKW KDEHQ DXI HLQHU .UHLVEDKQ SDUDOOHO JHIKUWH 6FKLHEHU ZLH GHU 6FKZLQJDUP XQG GHU 'UHKDUPVRUWHU HLQH JQVWLJHUH .LQHPDWLN 'DV *XW ZLUG QLFKW TXHU ]XU +DXSWEHZHJXQJ DEJHVFKREHQ VRQGHUQ VFKR QHQGHQWODQJHLQHU.UHLVEDKQ 'LH EHLGHQ 3ULQ]LSLHQ XQWHUVFKLHGHQ VLFK OHGLJOLFK LQ GHU %HZHJXQJV OlQJH:lKUHQGGHU6FKZLQJDUPVRUWHUQDFKGHP$EVFKLHEHQZLHGHULQGLH $XVJDQJVVWHOOXQJ ]XUFN VFKZLQJW ZLUG GHU 'UHKDUPVRUWHU NRQWLQXLHUOLFK ZHLWHU JHGUHKW XQG QDFK ƒ EHILQGHW VLFK HLQ ]ZHLWHU 6FKLHEHU LQ VHLQHU $XVJDQJVSRVLWLRQ +LHUGXUFK HQWIlOOWGHU 5FNKXEXQG GLH 6RUWLHUOHLVWXQJ VWHLJWHQWVSUHFKHQGGHUJHULQJHUHQ*XWDEVWlQGHXQGNU]HUHQ6FKDOW]HLWHQ 'LH 6\VWHPOHLVWXQJ GHV 'UHKDUPVRUWHUV OLHJW EHL HLQHU 'UHK]HLW GHV $U PHVIUƒYRQ6HNXQGHQEHLELV]X(LQKHLWHQSUR6WXQGHXQG VRPLW GHXWOLFK EHU GHU GHU 3XVKHU 'HQQRFK PVVHQ GLH *XWDEVWlQGH VR EHPHVVHQZHUGHQGDVVGHUEHUGHQ*XUWGUHKHQGH$UPQLFKWHLQZHLWHUHV YRUEHLJHI|UGHUWHV*XWEHUKUW



'HU9HUWHLOI|UGHUHU

D 

E 

F 

$EE 'UHKDUPVRUWHU D  6NL]]H E  %HZHJXQJVSKDVHQ 4XHOOH /LSSHUW  F (LQVDW]EHLVSLHO4XHOOH/LSSHUW 

'DKHUOLHJHQGLHUHDOLVLHUWHQ6RUWLHUOHLVWXQJHQQLHGULJHU,QGHU5HJHOZHU GHQ EHL .DUWRQDJHQ MH QDFK *U|‰HQVSHNWUXP  ELV  *WHU PLW HLQHP*HZLFKWYRQELV]XNJSUR6WXQGHDXVJHVFKOHXVW%HLPD[LPD OHQ*HZLFKWHQYRQNJPXVVGLH*HVFKZLQGLJNHLWVWDUNUHGX]LHUWZHUGHQ XQG HV ZHUGHQ OHGLJOLFK /HLVWXQJHQ XP GLH  6WFN SUR 6WXQGH HU UHLFKW $XIJUXQG GHU .LQHPDWLN HUJLEW VLFK HLQ XQJQVWLJHU *HVFKZLQGLJNHLWVYHU ODXI GHV 'UHKDUPV LP 9HUKlOWQLV ]XP *XW 'LH *HVFKZLQGLJNHLWVNRPSR QHQWH GHV 6FKLHEHOHPHQWV LQ $XVVFKOHXVULFKWXQJ ZlUH ]X %HZHJXQJVEH JLQQ ZHQQ GLH *XWJHVFKZLQGLJNHLW LQ GLHVHU 5LFKWXQJ QRFK 1XOO LVW PD[LPDO 'DKHU ZLUG DOV $QWULHE HLQ VSH]LHOOHV 6FKULWWJHWULHEH HLQJHVHW]W ZHOFKHV HLQH JHULQJH $QIDQJVJHVFKZLQGLJNHLW HUP|JOLFKW GLH HUVW EHL FD  GHV +XEZHJHV LKU 0D[LPXP HUUHLFKW 'HU +HUVWHOOHU VSULFKW YRQ HLQHU

VLQXVI|UPLJHQ

%HZHJXQJ

'LH

'UHKDUPH

V

$EE

XQG

$EE PLW/lQJHQYRQELVPPUHLFKHQEHLP $XVVFKOHXVHQ]X FD]ZHL'ULWWHOQEHUGHQ*XUWVRGDVVIUGDVOHW]WH 'ULWWHOGHV:HJHVLQ GLH5XWVFKHGLH%HZHJXQJVHQHUJLHLP *XWJHVSHLFKHUWVHLQPXVV

$EE 'UHKDUP4XHOOH6LJPD 

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



'LH6FKLHEHHOHPHQWHVLQGEHUHLQH.HWWH PLWHLQHP ]HQWUDOHQIHVWVWHKHQ GHQ 5LW]HO YHUEXQGHQ VR GDVV VLH WURW] GHU 'UHKEHZHJXQJ GHV $UPV LP PHUSDUDOOHO]XU+DXSWI|UGHUULFKWXQJEOHLEHQ

$EE .RQVWUXNWLYHU $XIEDXGHV'UHKDUPV4XHOOH/LSSHUW 

$OV )|UGHUPLWWHO ZHUGHQ *XUWI|UGHUHU HLQJHVHW]W GD GLH =LHOYHUIROJXQJ QDFK GHP 6FDQQHQ QXU ]HLWDEKlQJLJ HUIROJW XQG GDKHU GDV *XW VLFK QLFKW UHODWLY ]XP )|UGHUHU EHZHJHQ GDUI =XU 9HUKLQGHUXQJ GHV REHQ DQJHVSUR FKHQHQ *XUWVFKUlJODXIV ZHJHQ GHU 4XHUNUlIWH ZHUGHQ DXI GHU *HJHQVHLWH GHU 'UHKDUPH ]ZLVFKHQ GHQ (QGVWHOOHQ NXJHOJHODJHUWH )KUXQJVUROOHQ HLQJHVHW]WGLHGHQ*XUWVFKLHIODXIEHJUHQ]HQ 'XUFK GLH YHUJOHLFKVZHLVH VFKRQHQGH *XWDEJDEH NDQQ GHU 'UHKDUPVRU WHU HLQ ZHVHQWOLFK JU|‰HUHV *XWVSHNWUXP DEGHFNHQ DOV 3XVKHU 'HU PRGX ODUH $XIEDX JHZlKUOHLVWHW HLQH JXWH (UZHLWHUEDUNHLW 6\VWHPEHGLQJW NDQQ DEHU QXU ]X HLQHU 6HLWH DEJHJHEHQ ZHUGHQ XQG GHU 3ODW]EHGDUI GHV 'UHK DUPV LVW UHODWLY KRFK (V N|QQHQ MH QDFK (LQVDW]IDOO LQGLYLGXHOO JHVWDOWHWH 6FKLHEHHOHPHQWHHLQJHVHW]WZHUGHQ

%DQGDEZHLVHU

%DQGDEZHLVHUEHVWHKHQDXVHLQHPVHQNUHFKWVWHKHQGHQNOHLQHQ%DQGI|UGH UHU GHU ]XP $XVVFKOHXVHQ LQ GHQ *XWVWURP JHVFKZHQNW ZLUG XQG GDV *XW DXV GHP +DXSWI|UGHUVWURP YRP )|UGHUPLWWHO LQ GLH(QGVWHOOH DEZHLVW 'LH )|UGHUJHVFKZLQGLJNHLW GLHVHV %DQGI|UGHUHUV LQ +DXSWI|UGHUULFKWXQJ LVW JOHLFKGLHGHV)|UGHUPLWWHOVRGHUQRFKJU|‰HU 9RUWHLOH GHU $EZHLVHU VLQG LKUH HLQIDFKH 7HFKQLN LKUH IOH[LEOH (UZHL WHUEDUNHLW XQG LKU )lKLJNHLW DXFK JU|‰HUH *HZLFKWH ]X VRUWLHUHQ 1DFKWHL OLJ VLQG GHU JUR‰H 3ODW]YHUEUDXFK GHU JUR‰H QRWZHQGLJH *XWDEVWDQG DXI GHU +DXSWI|UGHUVWUHFNH XQG GLH UHODWLY KRKHQ 6FKDOW]HLWHQ GHU $EZHLVHU DXIJUXQGLKUHU0DVVH



'HU9HUWHLOI|UGHUHU

$EE%DQGDEZHLVHU

'DKHU VLQG DXFK QXU JHULQJH 6RUWLHUOHLVWXQJHQ HUUHLFKEDU %DQGDEZHLVHU HUUHLFKHQ 6RUWLHUOHLVWXQJHQ YRQ ELV ]X  6WFN SUR 6WXQGH EHL *XWJH ZLFKWHQYRQELV]XNJ )|UGHUWHFKQLVFKHV3ULQ]LSPLWEHZHJWH6FKLHEHU %HL GHQ PLWEHZHJWHQ 6FKLHEHUQ EHZHJHQ VLFK GLH $XVVFKOHXVHLQULFKWXQ JHQ PLW GHP )|UGHUPLWWHO XQG GHU *XWDXIQDKPH 'LH $XVVFKOHXVHLQULFK WXQJ LVW QLFKW GHU $EZXUIVWHOOH ]XJHRUGQHW XQG PXVV ]HLWJHQDX DXVJHO|VW ZHUGHQZHQQVLHXQGGDV*XWGLH$XVVFKOHXVSRVLWLRQSDVVLHUHQ

6FKLHEHVFKXKVRUWHU

'HU 6FKLHEHVFKXKVRUWHU lKQHOW GHP EHUHLWV YRUJHVWHOOWHQ 7UDJVFKXKVRUWHU V $EVFKQ   'DV )|UGHUPLWWHO LVW HLQ 3ODWWHQEDQGI|UGHUHU (U JHK|UW ]XU *UXSSH GHU *OLHGHUEDQGI|UGHUHU *OLHGHUEDQGI|UGHUHU VLQG .HWWHQI|U GHUHU PLW ]ZHL SDUDOOHOHQ YHUWLNDO XPODXIHQGHQ .HWWHQ $OV 7UDJHOHPHQWH EHILQGHQ]ZLVFKHQGLHVHQ.HWWHQ0HWDOOSURILOHPLWHLQHU%UHLWHYRQFD ELV PP XQG HLQHP $EVWDQG YRQ  ELV PP $Q GHQ 3URILOHQ ZHU GHQ GLH $EZHLVHOHPHQWH 6FKLHEHVFKXKH  TXHU ]XU )|UGHUULFKWXQJ EHZHJ OLFK JHIKUW V $EE D  ,P *HJHQVDW] ]XP 7UDJVFKXKVRUWHU OLHJHQ GLH *WHU DEHU QLFKW DXI GLHVHQ (OHPHQWHQ VRQGHUQ ZHUGHQ YRQ LKQHQ VHLWOLFKYRP )|UGHUPLWWHOJHVFKREHQZLHLQ$EEJXWHUNHQQEDULVW

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU

D



E

$EE6FKLHEHVFKXKVRUWHUD 6NL]]HE 5HDOLVLHUXQJVEHLVSLHO4XHOOH7*:

'LH

6FKLHEHVFKXKH

EHVLW]HQ

DQ

LKUHU

8QWHUVHLWH

)KUXQJV]DSIHQ

V$EE E  PLW GHQHQ VLH LQ HLQHP 6FKLHQHQV\VWHP ]ZDQJVJHIKUW VLQG ZHOFKHV VLFK LQQHUKDOE GHV .HWWHQRYDOV MHZHLOV DXI GHU 8QWHUVHLWH GHU 7UDJHOHPHQWHXQG.HWWHQEHILQGHW 'DV 6FKLHQHQV\VWHP EHVWHKW LP 2EHUWUXP DXV ]ZHL UHFKWV XQG OLQNV LQ )|UGHUULFKWXQJOlQJVYHUODXIHQGH6FKLHQHQ$QMHGHU(QGVWHOOHLVW]XVlW]OL FKH HLQH ZHLWHUH GLDJRQDO LP $XVVFKOHXVZLQNHO YHUODXIHQGH 6FKLHQH YRQ GHU HLQHQ ]XU DQGHUHQ 6RUWHUVHLWH LQVWDOOLHUW V $EE F  ,P $XV JDQJV]XVWDQG JOHLWHQ GLH 6FKXKH LQ GHQ VHLWOLFKHQ 6FKLHQHQ =XU $XV VFKOHXVXQJ ZLUG DQ GHU EHWUHIIHQGHQ (QGVWHOOH HLQH SQHXPDWLVFK RGHU H OHNWULVFK DQJHVWHXHUWH :HLFKH V $EE F  EHWlWLJW XQG GLH GHU *XWDEPHVVXQJHQWVSUHFKHQGH$Q]DKO6FKLHEHVFKXKHZHUGHQLQGLH'LDJR QDOIKUXQJDXVJHOHQNW+LHUGXUFKZHUGHQGLHEHWUHIIHQGHQ*WHUGXUFKGLH QXQPHKU TXHU ]XU +DXSWI|UGHUULFKWXQJ EHZHJWHQ 6FKLHEHVFKXKH LQ GLH (QGVWHOOHJHVFKREHQ $Q GHQ YHUWLNDOHQ 8POHQNXQJHQ IROJHQ GLH 6FKLHQHQ GHU 8POHQNXQJ XQG ODXIHQGDQDFKLP8QWHUWUXPREHUKDOEGHU7UDJHOHPHQWHV$EED 

D 

E 

F 

$EE )XQNWLRQVHOHPHQWH GHV 6FKLHEHVFKXKVRUWHUV D  6FKLHEHVFKXK 4XHOOH 7*: E 8QWHUVHLWH3ODWWHQEDQG F HOHNWURPDJQHWLVFKH:HLFKH4XHOOH6LHPHQV 



'HU9HUWHLOI|UGHUHU

6ROO HLQ *XW LQ HLQH UHFKWVVHLWLJH (QGVWHOOH DXVJHVFKOHXVW ZHUGHQ VR VLQG EHUHLWV YRU GHU (LQVFKOHXVXQJ DXI GLH 6RUWLHUVWUHFNH GLH HQWVSUHFKHQ GHQ $EZHLVHOHPHQWH DXI GLH OLQNH6HLWH GHV)|UGHUHUV]XEULQJHQXQGXP JHNHKUW +LHU]X EHILQGHQ VLFK LQ GHQ XQWHUHQ 6FKLHQHQ MHZHLOV HLQH 4XHU YHUELQGXQJ ]X MHGHU 6HLWH XP

GLH 6FKLHEHVFKXKH DP $QIDQJ GHU

9HUWHLOVWUHFNH DQ HLQH EHOLHELJH 6HLWHGHV 9HUWHLOI|UGHUHUV SRVLWLRQLHUHQ ]X N|QQHQ 'D EHUHLWV YRU GHU (LQVFKOHXVXQJ GDV 6RUWLHU]LHO EHNDQQW VHLQ PXVV GHU 6FKLHEHVFKXKVRUWHU GLH $Q]DKO GHU IU GLH $XVVFKOHXVXQJ ]X YHUVFKLHEHQ GHQ 6FKLHEHVFKXKH GHU /lQJH GHV *XWHV DQSDVVW XQG GLH 6FKLHEHVFKXKH EHL EHLGVHLWLJHU $XVVFKOHXVXQJ VLFK DXI GHU ULFKWLJHQ 6HLWH EHILQGHQ PV VHQ XQWHUVFKHLGHW VLFK GHU 9RUEHUHLWXQJVEHUHLFK YRQ GHP DQGHUHU 6RUWHU ,P9RUEHUHLWXQJVEHUHLFKPXVV HLQH*XWOlQJHQPHVVXQJHUIROJHQ6LH PXVV ]XVDPPHQ PLW GHU ,GHQWLIL]LHUXQJ LQ DXVUHLFKHQGHP $EVWDQG YRU GHU HL JHQWOLFKHQ(LQVFKOHXVXQJGXUFKJHIKUWZHUGHQGDPLWQRFKJHQJHQG=HLW EOHLEW GLH ]XJHRUGQHWHQ $EZHLVHOHPHQWH DXI GLH NRUUHNWH 6HLWH ]X YHU VFKLHEHQ'LHHLJHQWOLFKH(LQVFKOHXVXQJHUIROJWOLQHDU 'LH $XVVFKOHXVXQJ HUIROJW VFKRQHQG XQG GDV *XW ZLUG LQ GHU ]XU (QG VWHOOHQDXVULFKWXQJ NRUUHVSRQGLHUHQGHQ 2ULHQWLHUXQJ ]ZLVFKHQ  XQG  *UDG XP GLH +RFKDFKVH DEJHVFKREHQ 6FKLHEHVFKXKVRUWHU ZHUGHQ GXUFK LKUH UREXVWH ZDUWXQJVDUPH .RQVWUXNWLRQ XQG GLH 9RUWHLOH EHL HLQHP *XW VSHNWUXP PLWVWDUNYDULLHUHQGHQ*XWOlQJHQLPPHUKlXILJHUHLQJHVHW]W 'XUFK GLH YLHOHQ EHZHJWHQ 7HLOH .HWWHQJOLHGHU XQG :HLFKHQ]XQJHQ  XQG GLH 6FKZLQJXQJHQ GHU ODQJHQ .HWWHQVWlEH XQG GHU .HWWH VWHLJW GDV *HUlXVFKQLYHDX EHL KRKHQ .HWWHQJHVFKZLQGLJNHLWHQ GHXWOLFK DQ 'DKHU ZHUGHQ 6FKLHEHVFKXKVRUWHU IU PD[LPDOH 6RUWLHUOHLVWXQJHQ YRQ  ELV  (LQKHLWHQ SUR 6WXQGH DXVJHOHJW *XW I|UGHUIlKLJ VLQG ODJHVWDELOH *WHUXQWHUVFKLHGOLFKHU$EPHVVXQJHQXQG*HZLFKWHELVNJ

D 

E 

F 

$EE )KUXQJ GHU 6FKLHEHVFKXKH D 8POHQNXQJ PLW )KUXQJ E SQHXPDWL VFKH:HLFKHF 6FKLHQHQIKUXQJ]XU(QGVWHOOH

$XIEDX)XQNWLRQXQG.HQQGDWHQ GHU9HUWHLOI|UGHUHU



:DUHQEHJOHLWVRUWHU

'DV )|UGHUPLWWHO EHLP :DUHQEHJOHLWVRUWHU :%6  LVW HLQ *XUWI|UGHUHU 'LHVHU LVW JOHLFK]HLWLJ DXFK GLH *XWDXIODJH $OV PLWEHZHJWHU $XVVFKOHXV PHFKDQLVPXV LVW SDUDOOHO KLHU]X HLQ .HWWHQI|UGHUHU PLW NOHLQHQ 0LQLSXV KHUQ LQVWDOOLHUW GLH TXHU ]XU )|UGHUULFKWXQJ EHU GLH *XUWREHUIOlFKH DXV IDKUHQ N|QQHQ 'HU 1DPH GHV 6RUWHUV HUJLEW VLFK DXV GHU )XQNWLRQ GDVV GLH:DUHGXUFKGLH3XVKHUÄEHJOHLWHW³ZLUGXQGDQGHU]XJHWHLOWHQ(QGVWHO OH GXUFK DEVFKLHEHQ VRUWLHUW ZLUG $XV $EE D  LVW GHU PRGXODUH $XI EDX HUNHQQEDU -HGHV 0RGXO EHVWHKW DXV GUHL (QGVWHOOHQ 'LH 0RGXOH VLQG EHOLHELJ DQHLQDQGHU ]X UHLKHQ XQG ZHUGHQ GXUFK HLQ (QG XQG HLQ .RSI PRGXONRPSOHWWLHUW'DV.RSIPRGXOEHILQGHWVLFKLQGHU6NL]]HOLQNVXQWHQ XQGLP%LOGYRUGHUJUXQG

D 

E 

$EE :DUHQEHJOHLWVRUWHU4XHOOH+LOOHQ D 6NL]]HE 5HDOLVLHUXQJVEHLVSLHO

'HU PLQLPDOH *XWDEVWDQG YRQ  PP HUJLEW VLFK DXV GHU 3XVKHUJU|‰H 'DKHU VLQG GLH $EPHVVXQJHQ GHU 0LQLSXVKHU PLW  [ PP UHODWLY NOHLQ XQG VLH KDEHQ HLQHQ $EVWDQG YRQ PP V $EE  'LH PDQXHOO DXIJHOHJWHQ*WHUZHUGHQJHVFDQQWLKUH/lQJHXQG3RVLWLRQYHUPHVVHQ 'DGXUFK VWHKHQ GLH ÄEHJOHLWHQGHQ³ 3XVKHU IHVW GLH GDQQ LQ HLQH 6WDQG %\3RVLWLRQ DXI GHP *XUWEDQG QHEHQ GDV *XW IDKUHQ (QWVSUHFKHQG GHU JHPHVVHQHQ :DUHQOlQJH ZHUGHQ DQ GHU $XVVFKOHXVSRVLWLRQ GLH 3XVKHU VFKUlJ ]XU )|UGHUULFKWXQJ DXVJHIDKUHQ XQG VFKLHEHQ GDV *XW LQ GLH (QG VWHOOH :LH EHL GHQ DQGHUHQ 3XVKHUV\VWHPHQ N|QQHQ QXU IRUP XQG NLSSVWDELOH RGHUNLSSXQHPSILQGOLFKH*WHUVRUWLHUWZHUGHQ'LH$EPHVVXQJHQUHLFKHQ YRQ GHU *U|‰H HLQHU 9LVLWHQNDUWH ELV ]X $EPHVVXQJHQ YRQ [ [ PP'DVPD[LPDOH*XWJHZLFKWEHWUlJWNJ



'HU9HUWHLOI|UGHUHU

D 

E 

$EE3XVKHUWHFKQLN4XHOOH+LOOHQ D 8POHQNXQJE $EVFKLHEHYRUJDQJ

%HGLQJW ELHJHVFKODIIH :DUHQ 7H[WLOLHQ *HVFKHQNSDSLHUH 3URGXNWH DXV (ODVWRPHUHQ 3DSLHUE|JHQ XVZ  N|QQHQ RKQH 7UDQVSRUWEHKlOWHU VRUWLHUW ZHUGHQ $OOHUGLQJV PXVV GLH *HRPHWULH GHU :DUH VR EHVFKDIIHQ VHLQ GDVV ZlKUHQGGHV7UDQVSRUWVEHUGHQ6RUWHU LKUH/DJHXQYHUlQGHUWEOHLEW:D UHQ PLW VSKlULVFKHU RGHU ODJHLQVWDELOHU*HRPHWULH VLQG QXU LQ %HKlOWHUQ ]X VRUWLHUHQ 3ULQ]LSLHOO N|QQWH LQ GHU REHUHQ .HWWHQI|UGHUHUHEHQH LQ GHU GLH 3XVKHU ]XUFNODXIHQ HLQH ]ZHLWH 6RUWLHUHEHQH LQVWDOOLHUW ZHUGHQ GLH DOOHUGLQJV HLQHQ HLJHQHQ 9RUEHUHLWXQJVEHUHLFK EHQ|WLJW GD GLH )|UGHUULFKWXQJ LQ GHU *HJHQULFKWXQJ HUIROJHQ ZUGH 'HU 9HUWHLOI|UGHUHU LVW PRGXODU DXIJHEDXW V$EE VRGDVVHUJXWDQJHJHEHQH%HGLQJXQJHQDQSDVVEDULVW 'HU :DUHQEHJOHLWVRUWHU ZXUGH HUVWPDOLJ LP QHXHQ /RJLVWLN]HQWUXP IU 3DSLHU %UR XQG 6FKUHLEZDUHQ ZZZ0\/RJGH  GHU )LUPD 6FKUH\HU LQ 0HW]LQJHQ UHDOLVLHUW 'LH GRUWLJH $QODJH LVW P ODQJ XQG HLQVFKOLH‰OLFK GHU (QGVWHOOHQ P EUHLW XQG VRUWLHUW SUR 6WXQGH GUHL ELV YLHU $XIWUDJVVH ULHQPLWMHELV$XIWUlJHQ 'LH$QODJHEHVWHKWDXV(LQ]HOPRGXOHQ PLWMHZHLOV GUHL(QGVWHOOHQ'LH PD[LPDOH 6RUWLHUOHLVWXQJ OLHJW ODXW +HUVWHOOHUDQJDEHQ EHL  (LQKHLWHQ SUR6WXQGHbKQOLFKH7HFKQRORJLHQPLWEHJOHLWHQGHQ3XVKHUQZHUGHQDXFK ]XP6RUWLHUHQYRQ)ODVFKHQYHUZHQGHW :LUNSULQ]LSGHU$XVVFKOHXVXQJ.UDIWIHOG )U GLH +DXSWJUXSSH GHU 6RUWHU PLW IUHLHU %HOHJXQJ VLQG NHLQH 5HDOLVLH UXQJHQ EHNDQQW EHL GHQHQ HLQ .UDIWIHOG ZLH ]% GLH (UGEHVFKOHXQLJXQJ JHQXW]W ZLUG /HGLJOLFK IU GDV *OHLWHQ OlQJV HLQH VFKLHIHQ (EHQH EH VFKUHLEW GLH 9',5LFKWOLQLH  HLQHQ .HWWHQI|UGHUHU PLW .LSSSODWWHQ >9',6@

hEHUVLFKWHQ



.LSSSODWWHQVRUWHU

%DVLV GLHVHV 9HUWHLOI|UGHUHUV LVW HLQ 3ODWWHQEDQGI|UGHUHU $Q GHU $XV VFKOHXVSRVLWLRQ N|QQHQ PHKUHUH 3ODWWHQ JHNLSSW ZHUGHQ VR GDVV GDV GRUW OLHJHQGH6RUWLHUJXWLQGLH(QGVWHOOHJOHLWHW

$EE.HWWHQI|UGHUHUPLW.LSSSODWWHQ

8P GLH DXI GHQ OHW]WHQ NQDSS IQI]LJ 6HLWHQ YRUJHVWHOOWHQ 9HUWHLOI|UGHUHU QXQEHUGLH6\VWHPDWLNKLQDXV]XHLQDQGHULQ=XVDPPHQKDQJ]XEULQJHQ ZHUGHQ LP OHW]WHQ $EVFKQLWW GLHVHV .DSLWHOV GLH UHOHYDQWHQ XQG YRQ GHQ +HUVWHOOHUQ HUKlOWOLFKHQ 'DWHQ GHU YHUVFKLHGHQHQ 5HDOLVLHUXQJHQ LQ 7DEHO OHQ]XVDPPHQJHIDVVW

hEHUVLFKWHQ

$XVGHU9LHO]DKOGHUH[LVWLHUHQGHQ6RUWLHUXQG9HUWHLOWHFKQLNHQ]X]JOLFK GHU MHZHLOLJHQ 9DULDQWHQ HUJLEW VLFK GLH 6FKZLHULJNHLW GLH 6RUWLHUDQODJH XQG GDV JHVDPWH 6\VWHP HQWVSUHFKHQG GHU MHZHLOLJHQ $XIJDEHQVWHOOXQJ XQG LKUHQ LQGLYLGXHOOH $QIRUGHUXQJHQ RSWLPDO DQ]XSDVVHQ XQG GDV JHHLJ QHWH6\VWHP RGHUGLHULFKWLJHQ.RPSRQHQWHQDXV]XZlKOHQ )UHLQHJXWH3ODQXQJXQG3URMHNWLHUXQJLVWGLH.HQQWQLVXQGhEHUVLFKW EHU GLH $QODJHQ XQG 6\VWHPH GDKHU YRQ KRKHU %HGHXWXQJ )U HLQH XP IDVVHQGH hEHUVLFKW PVVHQ XPIDQJUHLFKH 8QWHUODJHQ XQG 4XHOOHQ JHVLFK WHW XQG DXVJHZHUWHW ZHUGHQ 'LH +HUVWHOOHUILUPHQ VWHOOHQ 3URVSHNWPDWHULDO ]XU 9HUIJXQJ XQG YHU|IIHQWOLFKHQ WHLOZHLVH DXI ,KUHQ ,QWHUQHWVHLWHQ ,Q IRUPDWLRQHQ ]X GHQ $QODJHQ XQG 5HIHUHQ]SURMHNWHQ 'DUEHU KLQDXV ZLUG LQ )DFK]HLWVFKULIWHQ YRQ 5HDOLVLHUXQJHQ RGHU 1HXHQWZLFNOXQJHQ EHULFKWHW RGHUVLHZHUGHQGXUFK)DFKOHXWHDXI7DJXQJHQSUlVHQWLHUWXQGGLVNXWLHUW %HL GHU 9LHO]DKO GHU 4XHOOHQ ELOGHQ hEHUVLFKWHQ PLW ]XVDPPHQJHIDVV WHQXQGLQ.DWHJRULHQJHRUGQHWHQ'DWHQEHLGHU$XVZDKOXQG3ODQXQJHLQH VSUEDUH+LOIH'LHIROJHQGHQ7DEHOOHQEDVLHUHQDXIHLQHU$XVZHUWXQJYRQ  XQWHUVFKLHGOLFKHQ $QODJHQ XQG 6\VWHPHQ YRQ  YHUVFKLHGHQHQ +HU



'HU9HUWHLOI|UGHUHU

VWHOOHUQ 'LHVH 5HDOLVLHUXQJHQ YHUWHLOHQ VLFK HQWVSUHFKHQG GHV 'LDJUDPPV LQ$EE DXIGLHLQGHU6\VWHPDWLNQDFK$EEDXIJHIKUWHQ9HUWHLO I|UGHUHU

$EE 9HUWHLOXQJGHUDP0DUNWDQJHERWHQHQ6RUWHU

$XV *UQGHQ HLQHU EHVVHUHQ 'LIIHUHQ]LHUXQJ ZXUGHQ GLH 4XHUJXUW XQG .LSSVFKDOHQVRUWHU VRZLH GLH 5ROOHQWUDQVIHUV IU GLH hEHUVLFKWHQ GLHVHV $EVFKQLWWVZHLWHUXQWHUJOLHGHUW $XVGHQDQJHIKUWHQ3UR]HQW]DKOHQNDQQDOOHUGLQJVQLFKWRKQHZHLWHUHVGLH 0DUNWGXUFKGULQJXQJ GHU HLQ]HOQHQ )|UGHUHU DEJHOHLWHW ZHUGHQ 'D GLH PHLVWHQ +HUVWHOOHU NHLQH 9HUNDXIVGDWHQ SXEOL]LHUHQ RGHU ]XU 9HUIJXQJ VWHOOHQ VLQG QXU GLH =DKO GHU DQJHERWHQHQ 6RUWHU IU GLH $XVZHUWXQJ KH UDQJH]RJHQ ZRUGHQ RKQH GHUHQ MHZHLOLJH 9HUNDXIVPHQJH EHUFNVLFKWLJHQ ]X N|QQHQ (V NDQQ DEHU HLQ =XVDPPHQKDQJ ]ZLVFKHQ GHP $QJHERW DQ 6RUWHUQ HLQHV 7\SV XQG GHU 0DUNWEHGHXWXQJGLHVHV 6RUWHUW\SV IUGLH +HU VWHOOHU YHUPXWHW ZHUGHQ 6R LVW DE]XOHLWHQ GDVV GLH 4XHUJXUW   .LSSVFKDOHQ  XQG 6FKLHEHVFKXKVRUWHU   GLH DP KlXILJVWHQ HLQJHVHW]WHQ9HUWHLOI|UGHUHUSULQ]LSLHQIU6RUWLHUDQODJHQGDUVWHOOHQ 'LHJOHLFKH7HQGHQ]JLEWDXFK7DEHOOHZLHGHU

hEHUVLFKWHQ

(LQ]HOSODW]EHOHJXQJ

4XHUJXUWVRUWHUELV NJ

;

;

;

4XHUJXUWVRUWHU DENJ

;

;

;

; ;

;

5LQJVRUWHU

;

9DQGHUODQGH

9DQ5LHW

7*:

6LJPD

6LHPHQV

6DQGYLN

SVE

/LSSHUW

.QDSS

,QWHUUROO

+LOOHQ

*%,

/|GLJH



).,

(UPDQFR

(LVHQPDQQ

'UNRSS

'DLIXNX

6RUWHU

&6,

%HXPHU

7DEHOOH+HUVWHOOHUSURGXNWSURJUDPPH



; ;

;

;

7UDJVFKXKVRUWHU .DPPVRUWHU

;

%UXVKVRUWHU

;

.LSSVFKDOHQVRUWHU

PHFK

;

.LSSVFKDOHQVRUWHU

HOHNWU

;

;

;

;

;

;

;

;

;

6FKZHQNNODSSHQVRUWHU )DOONODSSHQVRUWHU

;

'UHKVRUWHU

;

7DVFKHQVRUWHU

;

;

.DQDOVRUWHU 5ROOHQGUHKZHLFKH

;

;

=ZHLZHJHZHLFKH

;

'UHLZHJHZHLFKH

;

;

*XUWWUDQVIHU

;

;

;

;

;

;

;

;

;

.HWWHQWUDQVIHU

)UHLH%HOJHJXQJ

5ROOHQWUDQVIHU

; ;

5ROOHQKXEWLVFK

;

;

)ULNWLRQVUROOH 5ROOHQWHSSLFK 5ROOHQOHLVWH 3XVKHU

; ;

; ;

;

;

;

;

;

;

;

;

;

)OLSSHU

;

;

; ;

; ;

;

;

;

;

6FKZLQJDUPVRUWHU 'UHKDUPVRUWHU

;

;

;

%DQGDEZHLVHU 6FKLHEHVFKXKVRUWHU :DUHQEHJOHLWVRUWHU

; ;

;

;

;

;

;

;

;

;

.LSSSODWWHQ

'LH 4XHUJXUW XQG .LSSVFKDOHQVRUWHU VLQG EHL GHQ PHLVWHQ +HUVWHOOHUQ LP 3URJUDPP JHIROJW YRQ GHQ 6FKLHEHVFKXKVRUWHUQ DOOHUGLQJV DXFK KLHU HLJHQWOLFKKLQWHUGHQYLHU9DULDQWHQGHV5ROOHQWUDQVIHUVVWHKHQG %HWUDFKWHW PDQGLH$QELHWHUILQGHWPDQ+HUVWHOOHUGLHIDVWGLHJHVDPWH 3DOHWWH LP $QJHERW KDEHQ $QGHUH +HUVWHOOHU ELHWHQ QXU HLQHQ 6RUWHU DQ :HLWHUH$QELHWHUVSH]LDOLVLHUHQVLFKDXIHLQHQ%HUHLFKHQWZHGHUGLH6RUWHU PLW(LQ]HOSODW]EHOHJXQJRGHUPLWIUHLHU%HOHJXQJ (V LVW SUREOHPDWLVFK HLQH YHUJOHLFKHQGH hEHUVLFKW GHU /HLVWXQJVGDWHQ YRQ 6RUWLHUV\VWHPHQ ]X HUVWHOOHQ GD GLH $QJDEHQ GHU +HUVWHOOHU JXW XQG DSSOLNDWLRQVVSH]LILVFKVLQG 6RLVWGLH$QJDEHGHV1HQQGXUFKVDW]HVIUHLQPD[LPDOHV*XWJHZLFKWYRQ  .LORJUDPP DQGHUV ]X EHZHUWHQ DOV IU *HZLFKWH YRQ ELV ]X  .LOR JUDPP 9RU GLHVHP +LQWHUJUXQG IlOOW DXFK HLQH DOOJHPHLQJOWLJH ,QWHUSUH



'LHYROOVWlQGLJHQ)LUPHQQDPHQEHILQGHQVLFKLP4XHOOHQYHU]HLFKQLVLP$QKDQJ



'HU9HUWHLOI|UGHUHU

WDWLRQ XQG 'DUVWHOOXQJ QLFKW OHLFKW XQG HUNOlUW DEZHLFKHQGH 'DWHQ DXV YHU|IIHQWOLFKWHQ9HUJOHLFKHQ>-6@>/LQ@ *OHLFKHUPD‰HQ LVW GLH IROJHQGH $XVZHUWXQJ LQ 7DEHOOH  ]X EHZHUWHQ 'LH ]XJUXQGH OLHJHQGHQ 'DWHQ ZXUGHQ DOOHUGLQJV LP +LQEOLFN DXI GLH JH VFKLOGHUWHQ3UREOHPHHLQZHQLJDXIEHUHLWHW

E«

6RUWHUEHLGHQHQGLH:HUWHIUEHVWLPPWH.ULWHULHQVWDUNYDULLHUWHQXQG JOHLFK]HLWLJYLHOH:HUWHYRUODJHQZLHEHLGHQ4XHUJXUWXQG.LSSVFKD OHQVRUWHUZXUGHQQRFKPDOVXQWHUWHLOW

E«

%HL GHQ 6RUWHUQ PLW 0HKUIDFKDXVVFKOHXVPHFKDQLVPHQ ZXUGH GLH DQJH JHEHQH6RUWLHUOHLVWXQJDXIHLQH*XWDEODJHQRUPLHUW

E«

'LHDXIJHIKUWHQ:HUWHXQWHUÄ0D[1HQQGXUFKVDW]³ELOGHQMHZHLOVHLQH VWDWLVWLVFKH $XVZHUWXQJ GHU LQ GLHVHU *UXSSH HQWKDOWHQHQ 6RUWHU XQG LK

7DEHOOHhEHUVLFKW]XGHQ/HLVWXQJVPHUNPDOHQ

PD[1HQQGXUFKVDW]

6RUWHU

)|UGHUJHVFKZLQGLJNHLW

>(LQKHLWHQK@

>PV@

X

(LQ]HOSODW]EHOHJXQJ

4XHUJXUWVRUWHUELVNJ



«



 

4XHUJXUWVRUWHUDE NJ



«



5LQJVRUWHU



«





X 

«





«





«



  

7UDJVFKXKVRUWHU .DPPVRUWHU



«







«





%UXVKVRUWHU



«







«





.LSSVFKDOHQVRUWHUPHFK



«







«





.LSSVFKDOHQVRUWHUHOHNWU



«







«





6FKZHQNNODSSHQVRUWHU



«







«





)DOONODSSHQVRUWHU



«







«



'UHKVRUWHU



«







«





«



5ROOHQGUHKZHLFKH



«





=ZHLZHJHZHLFKH



«





'UHLZHJHZHLFKH



«







«







«







«







«





7DVFKHQVRUWHU

 



.DQDOVRUWHU

*XUWWUDQVIHU .HWWHQWUDQVIHU

)UHLH%HOJHJXQJ

5ROOHQWUDQVIHU 5ROOHQKXEWLVFK



«





)ULNWLRQVUROOH



«





5ROOHQWHSSLFK



«





5ROOHQOHLVWH



«





3XVKHU



«





)OLSSHU



«





'UHKDUPVRUWHU



«





%DQGDEZHLVHU



«





6FKLHEHVFKXKVRUWHU



«





:DUHQEHJOHLWVRUWHU



«





6FKZLQJDUPVRUWHU

.LSSSODWWHQ

8PIDQJVJHVFKZLQGLJNHLWDP$X‰HQUDQG

hEHUVLFKWHQ



UHQ:HUWHQ'HUNOHLQVWH:HUWUHSUlVHQWLHUW]%DOVRQLFKWGLHPLQLPDOH 6RUWLHUOHLVWXQJ VRQGHUQ GLH JHULQJVWH JHQDQQWH PD[LPDOH 1HQQOHLVWXQJ $XV GHP DQJHJHEHQHQ 0LWWHOZHUW DULWKPHWLVFKHV 0LWWHO  OlVW VLFK VFKOLH‰HQREGLHÄ$XVUHL‰HU³PHKUQDFKREHQRGHUXQWHQDEZHLFKHQ (VZXUGHEHLDOOHQ7DEHOOHQMHGHULQGHU6\VWHPDWLNYRUNRPPHQGH9HUWHLO I|UGHUHU LQ GHU OLQNHQ 6SDOWH DXIJHIKUW DXFK ZHQQ NHLQH 'DWHQ HUKlOWOLFK VLQG GLH )HOGHU EOHLEHQ GDQQ IUHL %HL GHQ 9HUWHLOI|UGHUHUQ PLW IUHLHU %H OHJXQJ EHL GHQHQ GHU $XVVFKOHXVPHFKDQLVPXV L G 5RKQH )|UGHUPLWWHO DQJHERWHQZLUGVLQGNHLQH*HVFKZLQGLJNHLWVDQJDEHQDXIJHIKUW $QVRQVWHQ VLQG DXFK KLHU EHL HLQHU %HZHUWXQJ GHU YRUOLHJHQGHQ 'DWHQ GLHLQ7DEHOOHDXIJHIKUWHQ$EPHVVXQJHQXQG*HZLFKWHGHU6RUWLHUJ WHUKLQ]X]X]LHKHQ (V ]HLJW VLFK LQVJHVDPW GDVV GLH /HLVWXQJVGDWHQ VWDUN VWUHXHQ 0DQ NDQQ GDUDXVDEOHLWHQGDVVGHU%HGDUIQLFKWQXULP+RFKOHLVWXQJVEHUHLFKEHVWHKW

7DEHOOHhEHUVLFKW]XU6RUWLHUJXWHLJQXQJ *XWJHZLFKW

*XWDEPHVVXQJHQ>PP@ 6RUWHU

(LQ]HOSODW]EHOHJXQJ

/lQJH 4XHUJXUWVRUWHUELVNJ



4XHUJXUWVRUWHUDENJ



«



«

5LQJVRUWHU

« 

%UHLWH

+|KH

>NJ@



«





« 







«





« 







«





« 



7UDJVFKXKVRUWHU .DPPVRUWHU

 «



 «





« 

%UXVKVRUWHU

 «



 «





« 

.LSSVFKDOHQVRUWHUPHFK .LSSVFKDOHQVRUWHUHOHNWU



« 

 « 

6FKZHQNNODSSHQVRUWHU





«

 

«





« 



 «





« 











«





«





«



)DOONODSSHQVRUWHU 'UHKVRUWHU

 «



7DVFKHQVRUWHU

 «



 «











«



« 

«  «



.DQDOVRUWHU 5ROOHQGUHKZHLFKH



« 



« 



=ZHLZHJHZHLFKH 'UHLZHJHZHLFKH

 « 

 «





« 



«



 «

 «





« 



«



*XUWWUDQVIHU

)UHLH%HOJHJXQJ

.HWWHQWUDQVIHU



5ROOHQWUDQVIHU 5ROOHQKXEWLVFK

 « 



« 



«



)ULNWLRQVUROOH

 « 

 «





« 



«



5ROOHQWHSSLFK

 «

 «





« 



«



5ROOHQOHLVWH

 « 

 «





« 



«



3XVKHU



«



)OLSSHU



«





«





«





«







« 

6FKZLQJDUPVRUWHU 'UHKDUPVRUWHU

 « 



«





« 

%DQGDEZHLVHU 6FKLHEHVFKXKVRUWHU

 « 

:DUHQEHJOHLWVRUWHU



.HWWHQI|UGHUHUPLW.LSSSODWWHQ

 «  



«  





'HU9HUWHLOI|UGHUHU

VRQGHUQ DXFK LP PLWWOHUHQ /HLVWXQJVEHUHLFK 6RUWHU QDFKJHIUDJW ZHUGHQ 'LHVHU %HGDUI ZLUG VHLWHQV GHU +HUVWHOOHU DQVFKHLQHQG PLW HQWVSUHFKHQG ÄDEJHVSHFNWHQ³+RFKOHLVWXQJVVRUWHUQJHGHFNW :HQQPDQEHUFNVLFKWLJWGDVVGLH:HUWHEHL0HKUIDFKDXVVFKOHXVXQJHQ DXI HLQHQ $XVVFKOHXVHU QRUPLHUW ZXUGHQ  OLHJW GLH PD[LPDOH 6RUWLHUOHLV WXQJ HLQHV HLQ]HOQHQ 9HUWHLOI|UGHUHUV VRJDU EHU  (LQKHLWHQ SUR 6WXQGHZDVGLH/HLVWXQJVEDQGEUHLWHIDVWDXIGHQ)DNWRUHUK|KW 1HEHQ GHQ /HLVWXQJVGDWHQ LVW GDV VRUWLHUIlKLJH *XWVSHNWUXP YRQ %HGHX WXQJ 'LHVHV 6SHNWUXP ZLUG YRUUDQJLJ GXUFK VHLQ *HZLFKW XQG VHLQH $E PHVVXQJHQ JHSUlJW ,Q 7DEHOOH  VLQG GLH *XWDEPHVVXQJHQ XQG GLH *XW JHZLFKWHVRIHUQYRQGHQ+HUVWHOOHUQDQJHJHEHQDXIJHIKUW,P *HJHQVDW] ]XU 7DEHOOH  VLQG KLHU MHZHLOV GHU QLHGULJVWH XQG GHU K|FKVW JHQDQQWH :HUW DXIJHIKUW 'DV EHGHXWHW IU GLH *XWOlQJH ]% EHLP 4XHUJXUWVRUWHU ELVNJ GDVNU]HVWHI|UGHUIlKLJH*XWGDUIQLFKWXQWHUPPODQJVHLQ GDVOlQJVWHQLFKWPHKUDOVPP%HLGHQ9HUWHLOI|UGHUHUQPLW(LQ]HO SODW]EHOHJXQJ LVW EHL /lQJHQDQJDEHQ EHU  PP GDYRQ DXV]XJHKHQ GDVV]ZHL*XWDXIQDKPHQEHOHJWZHUGHQ %HWUDFKWHW PDQ EHUJUHLIHQG DOOH :HUWH LQ GHQ 7DEHOOHQ VLHKW PDQ GLH JUR‰H %DQGEUHLWH GHU $QIRUGHUXQJHQ KLQVLFKWOLFK GHU 6RUWLHUDXIJDEHQ GHU VLFK GLH +HUVWHOOHU XQG PLW LKUHQ DP 0DUNW DQJHERWHQHQ 6RUWHUQ VWHOOHQ PVVHQ 'LH *HZLFKWH VFKZDQNHQ YRQ  ELV  .LORJUDPP GLH $E PHVVXQJHQ UHLFKHQ YRQ HLQHP ELV ]X  0LOOLPHWHU 'LH ZHLWHUHQ *XW HLJHQVFKDIWHQVLQGHEHQIDOOVVHKUXQWHUVFKLHGOLFK

'LH7HFKQLN

:LH EHUHLWV GDUJHVWHOOW HQWZLFNHOWHQ VLFK GLH 6RUWLHUDQODJHQ ]XQlFKVW DXV GHQ 6WDQGDUGI|UGHUHUQ 6R JHK|UHQ DXFK KHXWH QRFK YLHOH .RPSRQHQWHQ ELV KLQ ]X GHQ NRPSOHWWHQ )|UGHUPLWWHOQ ]XP 6WDQGDUG LQ GHU )|UGHUWHFK QLN ZLH ]% GHU *XUWI|UGHUHU RGHU GLH 5ROOHQEDKQ 'LH ZDFKVHQGHQ $Q IRUGHUXQJHQ DQ GLH 9HUWHLOI|UGHUHU 6RUWHU XQG 6RUWLHUV\VWHPH IKUHQ JOHLFK]HLWLJ ]X LPPHU PHKU VSH]LHOOHQ XQG VHKU OHLVWXQJVIlKLJHQ /|VXQ JHQ ,P YRUKHULJHQ .DSLWHO ZXUGH EHUHLWV HLQLJH DXI GHQ MHZHLOLJHQ 9HU WHLOI|UGHUHUEH]RJHQHWHFKQLVFKH/|VXQJHQDXVIKUOLFKEHVFKULHEHQ ,Q GLHVHP .DSLWHO VROOHQ QXQ GLH EHUJUHLIHQGHQ 7HFKQLNHQ EHWUDFKWHW XQG GXUFK WKHRUHWLVFKH $QVlW]H XQG *UXQGODJHQ DXV )RUVFKXQJVDUEHLWHQ HUJlQ]W ZHUGHQ XP EHU GLH NXQGHQ XQG SURMHNWVSH]LILVFKHQ /|VXQJHQ KLQDXVHLQLJHDOOJHPHLQH*UXQGODJHQDXI]X]HLJHQ

.RQVWUXNWLYH*HVWDOWXQJGHU)|UGHUPLWWHO

7URW] GHU YLHOHQ H[LVWLHUHQGHQ 9DULDQWHQ YRQ 9HUWHLOI|UGHUHUQ NRPPHQ OHW]WHQGOLFKQXUYLHUYHUVFKLHGHQH)|UGHUPLWWHO]XP(LQVDW]

E E E E

.HWWHQI|UGHUHU %DQGI|UGHUHU 5ROOHQEDKQHQXQG 'UHKWHOOHU

'LH %DQG XQG 5ROOHQI|UGHUHU ZHUGHQ GHQ $XVVFKOHXVPHFKDQLVPHQ LQ GHU 5HJHO ZHLWHVWJHKHQG XQYHUlQGHUW ]XJHRUGQHW KDEHQ DEHU LQVEHVRQGHUH LQ GHQ (QGVWHOOHQ JHPHLQVDP PLW ZHLWHUHQ )|UGHU XQG /DJHUPLWWHOQ HLQH KRKH %HGHXWXQJ 'DKHU ZHUGHQ VLH LP 5DKPHQ GLHVHV %XFKHV QLFKW LQ GLHVHP $EVFKQLWW VRQGHUQ LP $EVFKQ  Ä*UXQGHOHPHQWH GHU (QGVWHO OHQ³ EHKDQGHOW 'LH YRUJHVWHOOWHQ DXI HLQHP 'UHKWHOOHU RGHU GUHKHQGHQ 3\UDPLGHQVWXPSI EDVLHUHQGHQ 6RUWHU 'UHK XQG 5LQJVRUWHU  VLQG (LQ]HO NRQVWUXNWLRQHQ GHUHQ 7HFKQLN LQ .DS EHUHLWV DXVIKUOLFK EHKDQGHOW ZXUGH



'LH7HFKQLN

,QGLHVHP$EVFKQLWWZHUGHQGLHDXINODVVLVFKH.HWWHQI|UGHUHUDXIEDXHQ GHQ )|UGHUPLWWHO XQWHUVXFKW GD LQVEHVRQGHUH GLHVH KlXILJ VSH]LHOO DXI GLH $QIRUGHUXQJHQ LQ GHU 6RUWLHUWHFKQLN KLQ PRGLIL]LHUW ZXUGHQ =XU YHUWLH IHQGHQ/HNWUHZLUGGDUEHUKLQDXVDXIGLHYRUKDQGHQH/LWHUDWXUGHU6WDQ GDUGI|UGHUWHFKQLNZLH]%>6FK@>5HL@>3IH@YHUZLHVHQ =HQWUDOHV XQG JHPHLQVDPHV (OHPHQW GHU .HWWHQI|UGHUHU LVW PLQGHVWHQV HLQHHQGORVHIOlFKHQRGHUUDXPJlQJLJH*HOHQNNHWWHGLHDOV=XJPLWWHOPLW NRQVWDQWHU *HVFKZLQGLJNHLW XPOlXIW -D QDFK *HOHQNDUW N|QQHQ ]ZHL .HW WHQIRUPHQ GLH IOlFKHQJlQJLJH '  XQG GLH UDXPJlQJLJH '  .HWWH XQWHUVFKLHGHQ ZHUGHQ (LQH ZHLWHUH 'LIIHUHQ]LHUXQJ HUIROJW KLQVLFKWOLFK GHU .HWWHQODVFKHQ (QWZHGHU ZHUGHQ GLH )DKUZDJHQ *XWDXIQDKPHQ XQG ZHLWHUH (OHPHQWH DQ GHQ .HWWHQODVFKHQ LQVWDOOLHUW

RGHU VLH ZHUGHQ DOV

.HWWHQODVFKHQ LQWHJULHUWXQGQHKPHQJOHLFK]HLWLJGLH=XJNUlIWHDXI 8QDEKlQJLJ YRQ GLHVHQ YLHU $XIEDXYDULDQWHQ VLQG GLH $XIJDEHQ GHV .HWWHQ]XJVGLH)ROJHQGHQ

E E

$XIQDKPHGHU$QWULHEVNUlIWH hEHUWUDJXQJGHU=XJNUlIWHLQ.HWWHQOlQJVULFKWXQJ]XUhEHUZLQGXQJGHU %HZHJXQJV6WHLJXQJVXQG6RQGHUZLGHUVWlQGH

E

$EVWW]XQJGHU*HZLFKWVNUlIWHYRQ6RUWLHUJXW$XVVFKOHXVPHFKDQLVPXV XQG.HWWH

E

$EVWW]XQJ GHU 5HDNWLRQVNUlIWH EHLP (LQ XQG $XVVFKOHXVYRUJDQJ VR ZLHEHL.XUYHQIDKUWHQ

E

$XIQDKPHXQG)KUXQJGHU)DKUZDJHQ

=ZHLGLPHQVLRQDOH.HWWHQWULHEH

=ZHLGLPHQVLRQDOH .HWWHQWULHEH VLQG QLFKW UDXPJlQJLJ 'LH HQGORVH .HWWH ZLUG ]ZLVFKHQ ]ZHL .HWWHQUlGHUQ JHVSDQQW XQG LQ GHU 5HJHO YRQ HLQHU 6HLWHKHUDQJHWULHEHQ7\SLVFKHUZHLVH ZHUGHQGLH$QWULHEVUlGHULQ)|UGHU ULFKWXQJ YRUQ XQG GLH 6SDQQUlGHU LQ )|UGHUULFKWXQJ KLQWHQ LQVWDOOLHUW XP GLHLQ)|UGHUULFKWXQJDQVWHLJHQGHQ=XJNUlIWHDQGHU8POHQNXQJGXUFKGHQ $QWULHE ZLHGHU DE]XEDXHQ XQG QLFKW LP 8QWHUWUXP ZHLWHU DQVWHLJHQ ]X ODVVHQ LQ GHU NODVVLVFKHQ )|UGHUWHFKQLN QHQQW PDQ GHQ REHQ ODXIHQGHQ 7HLO HLQHV )|UGHUHUV 2EHUWUXP XQG GHQ XQWHUHQ 7HLO 8QWHUWUXP  1HEHQ GLHVHU HLQIDFKHQ $QRUGQXQJ DOV 2YDO ]ZLVFKHQ ]ZHL .HWWHQUlGHUQ LVW HV DEHU PLW GLYHUVHQ 8POHQNXQJHQ P|JOLFK YHU]ZHLJWH $QRUGQXQJHQ DOOHU GLQJVQXULQHLQHU(EHQH]XUHDOLVLHUHQ $OV .HWWHQ ZHUGHQ 5ROOHQNHWWHQ RGHU 5ROOHQI|UGHUNHWWHQ HLQJHVHW]W V$EE 

%HLGH .HWWHQDUWHQ JHK|UHQ ]XU *UXSSH GHU *HOHQNNHWWHQ

5ROOHQI|UGHUNHWWHQXQWHUVFKHLGHQVLFKYRQGHQ5ROOHQNHWWHQGXUFKJU|‰HUH



.RQVWUXNWLYH*HVWDOWXQJ GHU)|UGHUPLWWHO

$EPHVVXQJHQ XQG YHUKlOWQLVPl‰LJ OlQJHUH .HWWHQODVFKHQ XQG VLQG PHLVW VFKRQ PLW LQWHJULHUWHQ %HIHVWLJXQJVP|JOLFKNHLWHQ RGHU 7UDJ XQG )K UXQJVHOHPHQWHQ YHUVHKHQ 'LH 7HLOXQJ GHU .HWWH LVW PLW FD PP YHU JOHLFKVZHLVH JHULQJ VR GDVV GLH 8POHQNUDGLHQ ]ZLVFKHQ PP XQG PP OLHJHQ N|QQHQ 'LH 5ROOHQ GLHQHQ GHU $EVWW]XQJ YRQ 7UDJNUlI WHQ GLH )KUXQJVNUlIWH ZUGHQ EHL GLHVHU .HWWH LQ GHQ .HWWHQUlGHUQ DXI JHQRPPHQGDGLH.HWWHKRUL]RQWDOH0RPHQWHZHLWHUOHLWHQNDQQ

D 

E 

$EE.HWWHQEDXDUWHQD 5ROOHQNHWWHE 5ROOHQI|UGHUNHWWH

(LQ DOOJHPHLQHV *UXQGSUREOHP YRQ 6WDKOJHOHQNNHWWHQ LVW GHU 3RO\JRQHI IHNW GHU HLQHQ XQUXKLJHQ XQG JHUlXVFKYROOHQ .HWWHQODXI YHUXUVDFKW XQG JHVFKZLQGLJNHLWVDEKlQJLJ DQVWHLJW 'LHVHV LQVEHVRQGHUH EHL ]XQHKPHQGHQ /HLVWXQJVDQIRUGHUXQJHQ LPPHU VWlUNHU LQV *HZLFKW IDOOHQGH 1HJDWLYNULWH ULXP IKUWH EHL 6RUWHUQ ]X QHXHQ XQG XQWHUVFKLHGOLFKHQ /|VXQJVDQVlW]HQ (LQ $QVDW] YHUIROJW GHQ (UVDW] GHU .HWWH GXUFK =DKQULHPHQ RGHU *XPPL EORFNNHWWHQV$EE HLQDQGHUHU$QVDW]LQWHJULHUW5ROOHQNHWWHQNOHLQHU 7HLOXQJLQGLH7UDJXQG)KUXQJVHOHPHQWH

$EE*XPPLEORFNNHWWH>1HU@



'LH7HFKQLN

'HUXQWHUH7HLOGHU.HWWHGLHQWGHPIRUPVFKOVVLJHQ$QWULHEGLHLQWHJULHU WHQYHU]LQNWHQ6WDKOVHLOHEHUQHKPHQGLH.UDIWEHUWUDJXQJXQGGLHREHUHQ %O|FNH N|QQHQ PLW %RKUXQJHQ YHUVHKHQ GLH =XJNUlIWH DXI $QEDXWHLOH EHUWUDJHQ 'LH .HWWHQ]XJNUlIWH VLQG YRQ GHU %UHLWH XQG GDPLW GHU =DKO GHU KRFKIHVWHQ 6WDKOVHLOH DEKlQJLJ XQG YDULLHUHQ ]ZLVFKHQ  XQG 1 'LH *XPPLEORFNNHWWH ZLUG DXFK EHL )|UGHUPDVFKLQHQ ZLH 6)|UGHUHUQ 3DOHWWHQI|UGHUHUQ XVZ HLQJHVHW]W GD GHU OHLVH /DXI XQG GDV JHULQJH*HZLFKWLQYLHOHQ(LQVDW]IlOOHQYRUWHLOKDIWVLQG>1HU@ ,Q $EE D  LVW GLH .HWWH   ]X HUNHQQHQ GLH PLWWHOV )HGHUHOHPHQWHQ PLWGHQ)DKUZDJHQ YHUEXQGHQLVW(VVLQGHEHQIDOOVGLH7UDJXQG)K UXQJVHOHPHQWHGDUJHVWHOOWUHFKWVHLQH]ZHL XQGOLQNVHLQHHLQGLPHQVL RQDOH/DJHUXQJDQUXQGHQ)KUXQJVHOHPHQWHQ$XIGHP)DKUZDJHQLVWGHU 4XHUJXUWVRUWHUPRQWLHUWGHULQGLHVHP )DOOPLWWHOV5HLEUDG DQJHWULHEHQ ZLUG

D 

$EE (LQVDW] YRQ .HWWHQ LQ

E 

9HUWHLOI|UGHUHUQ D

*XPPLEORFNNHWWH   LP

4XHUJXUWVRUWHU>'UR6@E 5ROOHQNHWWHLP6FKLHEHVFKXKVRUWHU

,Q $EE E  LVW GLH 8QWHUVHLWH GHU 7UDJHOHPHQWH *XWDXIQDKPH  HLQHV 6FKLHEHVFKXKVRUWHUVDEJHELOGHW(VLVWJXW]XHUNHQQHQGDVVGLH)KUXQJV HOHPHQWH 5ROOHQ  DQ GHQ 7UDJHOHPHQWHQ EHIHVWLJW VLQG XQG GLH 6WDQGDUG UROOHQNHWWH QXU ]XU .UDIWHLQOHLWXQJ MHZHLOV HLQPDO PLW GHP 7UDJHOHPHQW YHUEXQGHQ LVW ,Q GHU $EELOGXQJ VLQG HEHQIDOOV GLH 6FKLHEHVFKXKH PLW GHQ )KUXQJVUROOHQGDUJHVWHOOW

'UHLGLPHQVLRQDOH.HWWHQWULHEH

,Q UDXPJlQJLJHQ .HWWHQI|UGHUHUQ ZHUGHQ LQ GHU 5HJHO .UHX]JHOHQN RGHU 6WHFNERO]HQNHWWHQ HLQJHVHW]W 6WHFNERO]HQNHWWHQ VLQG QXU IU JU|‰HUH 8P OHQNUDGLHQ JHHLJQHW .UHX]JHOHQNNHWWHQ HUP|JOLFKHQ KLQJHJHQ HQJH .XU YHQIKUXQJHQ LQ EHLGHQ %HZHJXQJVHEHQHQ :HJHQ LKUHU EHDUEHLWHWHQ



.RQVWUXNWLYH*HVWDOWXQJ GHU)|UGHUPLWWHO

*OHLWIOlFKHQ KDW VLH HLQ JQVWLJHV 9HUVFKOHL‰YHUKDOWHQ DOOHUGLQJV DXFK HLQHQK|KHUHQ3UHLV'LH.HWWHQ]XJNUlIWHLQGHU$XVIKUXQJQDFK$EE OLHJHQ]ZLVFKHQXQG1>6FK6@

$EE.UHX]JHOHQNNHWWH

$Q GLH /DVFKHQ N|QQHQ GLH $XVVFKOHXVHOHPHQWH RGHU GLH 0LWQHKPHU ]XP $QWULHEPRQWLHUWZHUGHQ %HL GHQ 9HUWHLOI|UGHUHUQ ZLUG GLH .HWWHQODVFKH MHGRFK GXUFK GHQ )DKU ZDJHQ UHDOLVLHUW ZRGXUFK GLHVHU ]X HLQHP LQWHJULHUWHQ %HVWDQGWHLO GHU .HWWHZLUGV$EE  'LH )DKUZDJHQ ZHUGHQ PLW GHP $XVVFKOHXVPHFKDQLVPXV EHU *HOHQNH ]X HLQHP :DJHQ]XJ PLWHLQDQGHU YHUEXQGHQ 'HQQRFK EOHLEW GHU .HWWHQ FKDUDNWHU HUKDOWHQ VR GDVV ZHLWHUKLQ YRQ HLQHU .HWWH JHVSURFKHQ ZHUGHQ NDQQ*OHLFK]HLWLJZHUGHQGLH7UDJXQG6WW]UROOHQEHU7UDYHUVHQZHLWHU YRQHLQDQGHU HQWIHUQW XP HLQH EHVVHUH )KUXQJ XQG $EVWW]XQJ ]X HUKDO WHQ

3 3$ +"#$0 3,0

4+3$,+%""

4+3$,+%"" 3""$!

3+%"" $EE 6@ 

+"$3$

+6+,

3,0

3+%""

9HUHLQIDFKWH 'DUVWHOOXQJ HLQHU W\SLVFKHQ 6RUWHUNHWWH QDFK >:LO



'LH7HFKQLN

'LH .HWWHQWHLOXQJ HQWVSULFKW KLHU GHU 7HLOXQJ GHU $XVVFKOHXVHOHPHQWH XQG OLHJW PLW :HUWHQ ]ZLVFKHQ  XQG PP HUKHEOLFK EHU GHQ .HWWHQ WHLOXQJHQ EHLP 6FKLHEHVFKXKVRUWHU $XV GLHVHP *UXQG ZUGHQ .HWWHQUl GHUDOV $QWULHEVHOHPHQWH ]XJUR‰H'XUFKPHVVHUHUUHLFKHQVRGDVVVLHKLHU ELVDXIZHQLJH$XVQDKPHQQLFKWHLQJHVHW]WZHUGHQ $OV /DXI XQG )KUXQJVUROOHQ ZHUGHQ 5lGHU PLW .XQVWVWRIIEDQGDJHQ XQG 'XUFKPHVVHUQ ]ZLVFKHQ  XQG PP HLQJHVHW]W 'LH 5lGHU ZHUGHQ DXI OHEHQVGDXHUJHVFKPLHUWHQ GXUFK 6FKHLEHQ DEJHGLFKWHWHQ 5LOOHQNXJHO ODJHUQ JHODJHUW 'LH ELVPP EUHLWHQ %DQGDJHQ ZHUGHQ DXV 3RO\X UHWKDQ JHIHUWLJW XP HLQ P|JOLFKVW JHULQJHV /DXIJHUlXVFK ]X HUUHLFKHQ 8QWHUVXFKXQJHQ EHU GDV %HWULHEVYHUKDOWHQ GHU /DXI XQG )KUXQJVUROOHQ HUJDEHQ EHL HLQHU 5DGODVW YRQ 1 )DKUZLGHUVWlQGH HLQHV 5DGHV ]ZL VFKHQ  XQG  1 ZRYRQ FD IQIELV]HKQ 3UR]HQW GXUFK GLH /DJHUUHLEXQJ YHUXUVDFKWZHUGHQ>:LO6@ 'LH )DKUZDJHQ KDEHQ LQ GHU 5HJHO HLQ 5ROOHQSDDU )U HLQHQ VWDELOHQ XQG VLFKHUHQ .HWWHQODXI PXVV GLHVHV /DXIUROOHQSDDU P|JOLFKVW LQ JOHLFKHU +|KHZLHGDVLQ)DKUWULFKWXQJYRUGHUH*HOHQNDQJHRUGQHWZHUGHQ +LHUGXUFK HQWVWHKW MHGRFK EHL .XUYHQIDKUW HLQ VR JHQDQQWHU 6FKUlJODXI GHU ]X 5ROOHQYHUVFKOHL‰ XQG 9HUOXVWHQ IKUW $XV GHU 6NL]]H LQ $EE ZLUG GHXWOLFK GDVV PLW ]XQHKPHQGHU .HWWHQWHLOXQJXQG NOHLQHQ .XUYHQUD GLHQ HUKHEOLFKH 6FKUlJODXIZLQNHO HQWVWHKHQ N|QQHQ VR GDVV HV ORKQW GLH VHV 3UREOHP EHLVSLHOVZHLVH GXUFK HLQH 1DFKOlXIHUDQRUGQXQJ GHU /DXIURO OHQ]XUHGX]LHUHQ

3+%"" 3$

+6+,






+"37 $!"
$ 



3,0 2#

'



'8

1# # #

 8 8

288

88

-88

88

'888

00$0 "3$  $ ## $EE 6FKUlJODXIVWDUUDQJHRUGQHWHU+RUL]RQWDONXUYHQQDFK>:LO 6@

%HL GLHVHU $QRUGQXQJ ZLUG GLH 7UDJUROOH DQ HLQHP YHUWLNDO JHODJHUWHQ +HEHO EHIHVWLJW 'LH EHLP 6FKUlJODXI DXIWUHWHQGHQ .UlIWH EHZLUNHQ GDQQ HLQ 6FKZHQNHQ GHV 5DGHV ELV GLH 6FKUlJODXINUDIW YHUVFKZLQGHW >:LO 6@'LHVHV3ULQ]LSZLUGKlXILJEHLKDQGEHWULHEHQHQ:DJHQXQG.DUUHQ

$QWULHEVV\VWHPHNHWWHQJHWULHEHQHU6RUWLHUDQODJHQ



YHUZHQGHW XQG XPJDQJVVSUDFKOLFK DXFK Ä7HHZDJHQSULQ]LS³ JHQDQQW $XV GLHVHQ *UXQGSULQ]LSLHQ KDEHQ GLH +HUVWHOOHU XQWHUVFKLHGOLFKH 9DULDQWHQ ]XU)KUXQJGHU)DKUZDJHQDEJHOHLWHWGLHLQ$EEGDUJHVWHOOWVLQG

D 

E 

$EE )KUXQJ GHU )DKUZDJHQ D 83URILO)KUXQJ %HLVSLHO %(80(5  E 5XQGSURILO)KUXQJ%HLVSLHO,QWHUUROO 

'HU )DKUZLGHUVWDQG GHU 6WW]UlGHU EHVWLPPW GLH HUIRUGHUOLFKH $QWULHEV NUDIW :HJHQ GHU DXV GHQ JUR‰HQ /lQJHQ ELV ]X  )DKUZDJHQ  XQG GHQ KRKHQ *HVFKZLQGLJNHLWHQ PV ELV ]X PV  UHVXOWLHUHQGHQ $QIRUGH UXQJHQ KDEHQ VLFK LQ GLHVHP %HUHLFK DQVSUXFKVYROOH $QWULHEVV\VWHPH HQWZLFNHOW

$QWULHEVV\VWHPHNHWWHQJHWULHEHQHU6RUWLHUDQODJHQ

8PGLH.HWWHQ]XJNUDIWXQGGDPLWYRUGULQJOLFKGLH*HOHQNEHODVWXQJJHULQJ ]XKDOWHQZHUGHQLQGHU5HJHO PHKUHUH $QWULHEHDQYHUVFKLHGHQHQ 6WHOOHQ LP $EVWDQG YRQ  ELV  P HQWODQJ GHU .HWWH LQVWDOOLHUW 'LHVHV HUP|J OLFKW GHP +HUVWHOOHU DX‰HUGHP VWDQGDUGLVLHUWH $QWULHEVHLQKHLWHQ HLQ]XVHW ]HQXQGGLH$QSDVVXQJDQGHQ/HLVWXQJVEHGDUIEHUGLH$Q]DKOGHULQVWDO OLHUWHQ $QWULHEH GXUFK]XIKUHQ 'LH $EKlQJLJNHLW GHV /HLVWXQJVEHGDUIHV YRQGHU.HWWHQOlQJHNRPPWGLHVHU9RUJHKHQVZHLVHHEHQIDOOVHQWJHJHQ =XU.UDIWHLQOHLWXQJVLQGYHUVFKLHGHQH$QWULHEHGHQNEDUGLHVLFKQDFKGUHL :LUNSULQ]LSLHQXQWHUVFKHLGHQODVVHQ



E« E« E«

'LH7HFKQLN

IRUPVFKOVVLJH$QWULHEH UHLEVFKOVVLJH$QWULHEHXQG NUDIWVFKOVVLJH$QWULHEH

 )RUPVFKOVVLJH$QWULHEH

)RUPVFKOVVLJH$QWULHEHVLQG6WDQGDUGDQWULHEHIU.HWWHQ+LHUEHLVLQG

E« E« E«

.HWWHQUDG 6FKOHSSNHWWHQXQG 6FKQHFNHQZHOOHQ$QWULHE

P|JOLFKH$QWULHEVHOHPHQWH %HLP .HWWHQUDGDQWULHE ZLUG GLH $QWULHEVNUDIW EHU GDV .HWWHQUDG DXI GLH .HWWHQJOLHGHU RGHU DQ OlQJV GHU .HWWH DQJHEUDFKWH 0LWQHKPHU EHUWUD JHQ +LHUEHL VLQG LQ .HWWHQOlQJVULFKWXQJ G\QDPLVFKH =XVDW]EHODVWXQJHQ XQG KLHUGXUFK HU]ZXQJHQH 6FKZLQJXQJHQ GXUFK GHQ 3RO\JRQHIIHNW ]X EHUFNVLFKWLJHQ *HPHLQVDP PLW GHP VR JHQDQQWHQ (LQODXIVWR‰ HQWVWHKHQ KLHU *HUlXVFKH XQG 9HUVFKOHL‰TXHOOHQ >6FK 6@ =XU 0LQGHUXQJ GLHVHU QHJDWLYHQ (UVFKHLQXQJHQ ZHUGHQ DOV 0LWQHKPHU KlXILJ 5ROOHQ PLW .XQVWVWRIIEDQGDJHQHLQJHVHW]W 'LHVH$QWULHEHN|QQHQQXUDQGHQ8POHQNXQJHQHLQJHVHW]WZHUGHQ'LH 8POHQNUDGLHQ PVVHQ ZHJHQ GHU V\VWHPEHGLQJW JUR‰HQ 7HLOXQJHQ EHLP 6RUWHUPLWUDXPJlQJLJHU.HWWHPHKUDOVPPEHWUDJHQZDV]XUHODWLY JUR‰HQ XQG VFKZHUHQ 8POHQNUlGHUQ IKUW GLH GDUEHU KLQDXV QXU NOHLQH ƒ  (LQJULIIVUDGLHQ KDEHQ 'DKHU ZHUGHQ GLHVH $QWULHEVHOHPHQWH IU GHQ 6RUWHUDQWULHE QXU LQ $XVQDKPHIlOOHQ HLQJHVHW]W 'LH EHNDQQWHQ $XV QDKPHIlOOH VLQG GHU (LQVDW] GHU *XPPLEORFNNHWWH XQG GHU 6FKLHEHVFKXK VRUWHU 'HQ YHUWLNDOHQ .HWWHQDQWULHE GHU *XPPLEORFNNHWWH NDQQ PDQ LQ $EE HUNHQQHQ %HLP $QWULHE GHV 6FKLHEHVFKXKVRUWHUV V $EVFKQ D VLQGELVDXIGLH9HUZHQGXQJHLQHU6WDKOJHOHQNNHWWHNDXPSULQ]L SLHOOH 8QWHUVFKLHGH IHVW]XVWHOOHQ 0DQ HUNHQQW GHQ $QWULHEVPRWRU GHU EHUHLQH.HWWHGDV.HWWHQDQWULHEVUDGWUHLEWXQGGHQ2EHUXQG8QWHUWUXP GHU*XPPLEORFNNHWWH $QWULHEVYHUOXVWH HUJHEHQ VLFK GXUFK GHQ $QWULHEVPRWRU GDV RGHU GLH *HWULHEH GLH .HWWHQUDGODJHUXQJ XQG 5HODWLYEHZHJXQJHQ ]ZLVFKHQ .HWWH XQG .HWWHQUDG 3RVLWLYH $EVFKlW]XQJHQ NRPPHQ ]X HLQHP $QWULHEVZLU NXQJVJUDGYRQ>:LO6@

$QWULHEVV\VWHPHNHWWHQJHWULHEHQHU6RUWLHUDQODJHQ



$EE .HWWHQUDGDQWULHEIUHLQH*XPPLEORFNNHWWH>'UR6@

'HU 6FKOHSSNHWWHQDQWULHE LVW SULQ]LSLHOO GHP .HWWHQUDGDQWULHE lKQOLFK $XFK KLHU JUHLIHQ DQWULHEVVHLWLJH (OHPHQWH LQ GLH HQWVSUHFKHQGHQ 0LWQHK PHU GHU 6RUWHUNHWWH 'LHVH (OHPHQWH VLQG MHGRFK DQ HLQHU ZHLWHUHQ .HWWH GHUVRJHQDQQWHQ6FKOHSSNHWWHEHIHVWLJW'LHVH6FKOHSSNHWWHLVWDOVWUDGLWL RQHOOHU .HWWHQWULHE JHVWDOWHW XQG NDQQ DQ HLQHP NXU]HQ JHUDGH YHUODXIHQ GHQ 6RUWHUNHWWHQDEVFKQLWW ]X GLHVHP SDUDOOHO DQJHRUGQHW ZHUGHQ XQG VR GHQ 6RUWHU DQWUHLEHQ 0DQ YHUPHLGHW GXUFK GLHVHV 3ULQ]LS GLH JUR‰HQ VFKZHUHQ .HWWHQUlGHU KDW DEHU ZHLWHUKLQ PLW GHP 3RO\JRQHIIHNW GHU KR KHQ*HUlXVFKHQWZLFNOXQJXQGGHP 9HUVFKOHL‰]XUHFKQHQ

è  

æ

æ

èÛ á¬

ïþþ

ïĀ 

Û ÿþ

$EE6FKOHSSNHWWHQDQWULHEQDFK>:LO6@

$OV ZHLWHUHU 9RUWHLO NDQQ GHU 6FKOHSSNHWWHQDQWULHE DQ PHKUHUHQ 6WHOOHQ GHU.HWWHLQVWDOOLHUWZHUGHQGDHUQLFKWDQGLH8POHQNXQJHQJHEXQGHQLVW



'LH7HFKQLN

6R N|QQHQ GLH .HWWHQ]XJNUlIWH DXI :XQVFK NOHLQ JHKDOWHQ ZHUGHQ ,Q $EELVWEHLVSLHOKDIWHLQ6FKOHSSNHWWHQDQWULHEHGDUJHVWHOOW 'LH :LUNXQJVJUDGH YRQ 6FKOHSSNHWWHQDQWULHEHQ OLHJHQ LQ HLQHU lKQOLFKHQ *U|‰HQRUGQXQJZLHGLHGHU.HWWHQUDGDQWULHEH 'HU 6FKQHFNHQZHOOHQDQWULHE EHVWHKW DXV HLQHU $QWULHEVVFKQHFNH GHUHQ 6FKQHFNHQIOJHO LQ 0LWQHKPHUUROOHQ GHU 6RUWHUNHWWH JUHLIHQ 'LH 6FKQH FNHQVWHLJXQJ/ 6 LVWDQGLH0LWQHKPHUWHLOXQJDQ]XSDVVHQ 'XUFKZHLWHUH5ROOHQGLHDQGHUJHJHQEHUOLHJHQGHQ6HLWHGHV6FKQHFNHQ IOJHOV DQJUHLIHQ RGHU HLQHQ ]ZHLWHQ 6FKQHFNHQIOJHO GHU DQ GHU DQGHUHQ

$EE 6FKOHSSNHWWHQDQWULHEHIUHLQHQ4XHUJXUWVRUWHU4XHOOH,QWHUUROO 

$EE6FKQHFNHQZHOOHQDQWULHEQDFK>:LO6@ 

$QWULHEVV\VWHPHNHWWHQJHWULHEHQHU6RUWLHUDQODJHQ



5ROOHQVHLWH DQOLHJW NDQQ LQ EHLGHQ 5LFKWXQJHQ .UDIW LQ GLH .HWWH JHOHLWHW ZHUGHQVRGDVVDXFK%UHPVNUlIWHEHUWUDJHQZHUGHQN|QQHQ 'LH 6FKQHFNHQZHOOHQDQWULHEH ZHUGHQ VR DXVJHIKUW GDVV JOHLFK]HLWLJ PHKUHUH 5ROOHQ LP (LQJULII VLQG XP GLH $QWULHEVNUDIW DXI]XWHLOHQ 'LHV VHW]W ZLH DXFK EHLP REHQ EHVFKULHEHQHQ 6FKOHSSNHWWHQDQWULHE HLQH H[DNWH hEHUHLQVWLPPXQJ GHU 7HLOXQJHQ YRQ $QWULHE XQG .HWWH YRUDXV $XFK KLHU N|QQHQ NXQVWVWRIIEHVFKLFKWHWH 0LWQHKPHU GXUFK LKUH (ODVWL]LWlW IU HLQH EHVVHUH$XIWHLOXQJGHU.UDIWVRUJHQ 'LH $QWULHEVNUDIW )$ HUJLEW VLFK DXV GHP 'UHKPRPHQW GHU 6FKQHFNHQ ZHOOH06

)

$



Z

T“ T 0

6

  >1@

/

6

06



'UHKPRPHQWDQGHU6FKQHFNHQZHOOH>1P@

/6



6WHLJXQJGHU6FKQHFNH>P@

'LH 9HUOXVWH GHV $QWULHEV XQG GDPLW GHVVHQ :LUNXQJVJUDG VHW]HQ VLFK QDFK:LOODXVYLHU.RPSRQHQWHQ]XVDPPHQ>:LO@

E E E E

)DKUZLGHUVWDQGGHU0LWQHKPHUUROOHQ

\

6

\

%RKUVFKOXSI

6

%HVFKOHXQLJXQJVYHUOXVWHGHU0LWQHKPHUUROOHQ

\

6

\

/DJHUYHUOXVWHGHU6FKQHFNHQODJHUXQJ

6

\ Z  w Z T WDQ 3 Z  6

\

6

)





Z  w\ T % T 5



\

\

6

T ' T VLQ 3 6

Z 





$

 

f 



6

Z)



)DKUZLGHUVWDQGVEHLZHUW

%5



%UHLWHGHU0LWQHKPHUUROOH

'6



7HLONUHLVGXUFKPHVVHUGHU6FKQHFNHQZHOOH

3



6WHLJXQJVZLQNHOGHU6FKQHFNH



 



'LH7HFKQLN

'DUDXVHUUHFKQHWVLFKHLQ:LUNXQJVJUDGGHU6FKQHFNHQZHOOHYRQ

\ Z \ T\ T\ T\ 6

6

6

6

6

Z  T  T  T  Z 

0LW GHQ ZHLWHUHQ :LUNXQJVJUDGHQ YRQ 0RWRU 

\ $   *HWULHEH \ $ 0

*

\ $  ±   HUJLEW VLFK HLQ *HVDPWZLU NXQJVJUDG GHV 6FKQHFNHQZHOOHQDQWULHEV LP 1HQQEHWULHE YRQ \    XQG 5LHPHQWULHE 

5

$1HQQ

>:LO 6 @ 'LHVHV VLQG LQ GHU *U|‰HQRUGQXQJ GLH JOHLFKHQ :HUWH ZLHEHLP.HWWHQUDGXQG6FKOHSSNHWWHQDQWULHE

5HLEUDGDQWULHEH

'HU 5HLEUDGDQWULHE VWHOOW HLQHQ 6RQGHUIDOO GHV 5HLEJHWULHEHV GDU EHL GHU HLQ5DGGHV5DGSDDUHVHLQHQXQHQGOLFKHQ5DGLXVKDWDOVRHLQH*HUDGHLVW 'HUDUWLJH $QWULHEH VLQG VHKU YLHOIlOWLJ LQ GHU 7HFKQLN DQ]XWUHIIHQ %HL VSLHOVZHLVH VLQG )DKUZHUNH 5HLEUDGDQWULHEH 'LH .UDIW ZLUG UHLEVFKOVVLJ EHUWUDJHQ 'LH *U|‰H GHU EHUWUDJEDUHQ .UDIW LVW QDFK >0O@ YRQ GHU $QSUHVVNUDIW DQ GHU %HUKUVWHOOH GHU 5HLESDDUXQJ XQG GHU %HWULHEVDUW DEKlQJLJ

)

$

Z F Ty T) %

1

1

>1@

)$



$QWULHEVNUDIWEHUWUDJEDUH.UDIW >1@

F%



%HWULHEVIDNWRU>@

—1



UHFKQHULVFKHU1XW]UHLEZHUWPLW5XWVFKVLFKHUKHLW6565

)1



1RUPDONUDIWDQGHU%HUKUVWHOOH >1@

 

ELV >@

'HU %HWULHEVIDNWRU OlVVW VLFK DXV GHQ %HWULHEVEHGLQJXQJHQ KHUOHLWHQ >'XE 6  7DEHOOH @ )U 6RUWLHUV\VWHPH VLQG :HUWH ]ZLVFKHQ  XQG  ]X HUZDUWHQ %HLP 5HLEUDGDQWULHE LVW GDUEHU KLQDXV 6FKOXSI ]X EHUFNVLFKWLJHQ

V

55

Z

Y

8 55

wY

 

.

>@

Y

8

55

V55



6FKOXSIDP 5HLEUDG>@

Y8



8PIDQJVJHVFKZLQGLJNHLWGHV5HLEUDGV>PV@

Y.



.HWWHQJHVFKZLQGLJNHLW>PV@

55

'HU 6FKOXSI EHL JHJHEHQHU $QWULHEVNUDIW )$ LVW HEHQIDOOV YRQ GHU 1RUPDO NUDIW)1 DQGHU%HUKUVWHOOHDEKlQJLJ)U*XPPL5HLEUlGHUZHUGHQ1XW] UHLEZHUWH YRQ  ELV  XQG :HUWH IU GHQ 6FKOXSI YRQ  ELV  JHQDQQW>'XE67DEHOOH@

$QWULHEVV\VWHPHNHWWHQJHWULHEHQHU6RUWLHUDQODJHQ



$EE5HLEUDGDQWULHEQDFK>:LO6@

,Q GHQ 9HUWHLOI|UGHUHUQ GHU 6RUWLHUV\VWHPH VLQG PLQGHVWHQV ]ZHL (LQVDW] EHUHLFKH IU 5HLEUDGDQWULHEH ]X LGHQWLIL]LHUHQ DOV $QWULHE GHV )|UGHUPLW WHOVXQGDOV$QWULHEGHUPLWEHZHJWHQ4XHUJXUWI|UGHUHU %HLP (LQVDW] DOV +DXSWDQWULHE HPSILHKOW HV VLFK ]XP $XVJOHLFK GHU $QGUXFNNUlIWH PLW HLQHP 5ROOHQSDDU EHLGVHLWLJ JHJHQ HLQH XQWHUKDOE GHU )DKUZDJHQ VHQNUHFKW PRQWLHUWH 0HWDOOVFKLHQH ]X GUFNHQ 'LH $QGUXFN NUDIW)1QDFKGHU PD[LPDOHQ$QWULHEVNUDIW)$ DXV]XOHJHQZUGH]XKRKHQ %HODVWXQJHQ GHU /DJHU XQG VFKOHFKWHQ :LUNXQJVJUDGHQ IKUHQ 'DKHU ZHUGHQ .RQVWUXNWLRQHQ QDFK GHP

Ä3ULQ]LS GHU SURSRUWLRQDOHQ $QSUHV

VXQJ³ HPSIRKOHQ >:LO 6 I@ +LHUEHL ZLUG GDV DQ HLQHU 6FKZLQJH JHOHQNWH 5HLEUDG SURSRUWLRQDO ]XU $QWULHEVNUDIW DQ GLH 5HLEVFKLHQH JH GUFNW 6LQG GLH $QWULHEVUlGHU PLW HLQHP *XPPL RGHU .XQVWVWRIIEHODJ YHUVH KHQ HUKlOW PDQ JXWH 5HLEEHLZHUWH XQG HLQ UXKLJHV %HWULHEVJHUlXVFK (LQ 9RUWHLO JHJHQEHU IRUPVFKOVVLJHQ $QWULHEHQ LVW GDV EHJUHQ]WH hEHUWUD JXQJVPRPHQW%HLhEHUODVWXQJUXWVFKWGHU$QWULHEGXUFKXQGNDQQVRGHQ 9HUWHLOI|UGHUHU YRU JU|‰HUHQ 6FKlGHQ VFKW]HQ +LHU]X PVVWH DOOHUGLQJV GLH PD[LPDOH $QSUHVVNUDIW HLQHV HLQJHVHW]WHQ EHODVWXQJVDEKlQJLJHQ $Q SUHVVV\VWHPV EHJUHQ]W ZHUGHQ 'HU :LUNXQJVJUDG HUJLEW VLFK DXV GHP )DKUZLGHUVWDQG +LHUEHL LVW HEHQIDOOV GDV *HJHQUDG ]X EHUFNVLFKWLJHQ %HL HLQHP DQJHWULHEHQHQ 5DG LVW ZHLWHUKLQ GHU GXUFK GHQ 6FKOXSI EHHLQ IOXVVWH$QWULHEVZLUNXQJVJUDG]XEHUFNVLFKWLJHQ

\ V55



$Q

6FKOXSIDP 5HLEUDG>@

Zw V

55

>@

 



'LH7HFKQLN

,QVJHVDPWHUJLEWVLFKEHLP5HLEUDGDQWULHEHLQlKQOLFKHU:LUNXQJVJUDGZLH EHLGHQYRUKHUEHVFKULHEHQHQ$QWULHEHQ>:LO6@

/LQHDUPRWRUDQWULHEH

2EZRKO GHU /LQHDUPRWRU VFKRQ VHLW -DKU]HKQWHQ EHNDQQW LVW XQG GXUFK VHLQH WUDQVODWRULVFKH .LQHPDWLN SULQ]LSLHOO HLQHQ LGHDOHQ $QWULHE IU GLH )|UGHUWHFKQLN GDUVWHOOW KDW HU VLFK LQ GHU %UHLWH QLH ULFKWLJ GXUFKVHW]HQ N|QQHQ6HLQHQ9RUWHLOHQZLH

E

HLQIDFKHU $XIEDX NHLQH *HWULHEH ]XU :DQGOXQJ YRQ GHU 5RWDWLRQV LQ GLH7UDQVODWLRQVEHZHJXQJ 

E E

JHULQJH6W|UDQIlOOLJNHLWZHQLJHEHZHJWH7HLOH  EHUKUXQJVORVH .UDIWHLQOHLWXQJ HLQIDFKH ,QVWDOODWLRQ GHU (LQKHLWHQ HQW ODQJGHU/LQLHQIKUXQJ 

E E

YHUVFKOHL‰IUHLHU%HWULHEJHULQJH:DUWXQJVNRVWHQ  JHUlXVFKDUPHU%HWULHE$UEHLWVSODW]HUJRQRPLH 

VWHKWGHU1DFKWHLOHLQHVDOOJHPHLQJHULQJHQ:LUNXQJVJUDGVJHJHQEHU 'LHZHVHQWOLFKHQ8QWHUVFKLHGHGHV/LQHDUPRWRUV]XP 5RWDWLRQVPRWRUVLQG

E E E E

GHUJUR‰H/XIWVSDOW GLHHQGOLFKH%OHFKSDNHWOlQJH GLHHQGOLFKH:LFNOXQJ GLHPDVVLYHKRPRJHQH5HDNWLRQVVFKLHQH

(LQLJH*UQGHIUGHQVFKOHFKWHQ:LUNXQJVJUDGVLQG)ROJHQGH

E

GHULP9HUJOHLFK]XP 5RWDWLRQVPRWRUJUR‰H/XIWVSDOW]ZLVFKHQ3ULPlU WHLOXQG6HNXQGlUWHLO

E

DQ GHQ LP 9HUJOHLFK ]XP 5RWDWLRQVPRWRU RIIHQHQ (QGHQ GHV 3ULPlUWHL OHVWUHWHQ)HOGOLQLHQRKQH:LUNXQJDXV

E

/lQJVHQGHIIHNWH(LQODXIHIIHNWYHU]|JHUWHU)HOGDXIEDX $XVWULWWVHIIHNW YHU]|JHUWHU)HOGDEEDX :LFNOXQJVHIIHNW6W|UXQJHLQHUJOHLFKPl‰LJHQ 'XUFKIOXWXQJVZDQGHUZHOOH 

/HGLJOLFK LQ VR JHQDQQWHQ 1LVFKHQ NRQQWHQ VLFK ]XQlFKVW GLH /LQHDUPRWR UHQHWDEOLHUHQ%HLVSLHOVZHLVHEHL/LQHDUDQWULHEHQIU:HUN]HXJPDVFKLQHQ RGHUEHLP9HUNHKUVV\VWHP 7UDQVUDSLG $XFKEHL6RUWHUQPLWUDXPJlQJLJHQ.HWWHQLQVEHVRQGHUHEHL.LSSVFKDOHQ XQG 4XHUJXUWVRUWHUQ ZHUGHQ LQ GHQ OHW]WHQ -DKUHQ YHUVWlUNW /LQHDUPRWRU DQWULHEHHLQJHVHW]W $XV .RVWHQJUQGHQ ZHUGHQ KLHU 'UHKVWURP$V\QFKURQ/LQHDUPRWRUHQ '$/ HLQJHVHW]WGLHSUHLVZHUWHUKHUVWHOOEDUVLQGDOV6\QFKURQPRWRUHQ

$QWULHEVV\VWHPHNHWWHQJHWULHEHQHU6RUWLHUDQODJHQ



$QKDQG $EE  NDQQ GLH )XQNWLRQVZHLVH HLQHV '$/ QDFKYROO]RJHQ ZHUGHQ'HULQGHU3ULPlUZLFNOXQJIOLH‰HQGH'UHKVWURPHU]HXJWHLQHOHNW URPDJQHWLVFKHV:DQGHUIHOGPLWGHU6\QFKURQJHVFKZLQGLJNHLWY

$EE :LUNXQJVZHLVHHLQHVOLQHDUHQ'UHKVWURP$V\QFKURQPRWRUV

'LH DXV GHP 6FKOXSI V'$/ UHVXOWLHUHQGH 5HODWLYEHZHJXQJ ]XU .HWWHQJH VFKZLQGLJNHLW YN LQGX]LHUW LP 6HNXQGlUWHLO 6SDQQXQJHQ GLH LP =XVDP PHQZLUNHQPLWGHPHOHNWURPDJQHWLVFKHQ:DQGHUIHOGGHU*HVFKZLQGLJNHLW Y GLH$QWULHEVNUDIWHU]HXJW

V

'$/

Z

Y



wY Y

N

  >@



V'$/



6FKOXSIGHV'UHKVWURPDV\QFKURQPRWRUV>@

Y



6\QFKURQJHVFKZLQGLJNHLW>PV@

Y.



.HWWHQJHVFKZLQGLJNHLW>PV@

1HEHQ GHU 8QWHUVFKHLGXQJ LQ /DQJ XQG .XU]OlXIHU ZHUGHQ GLH 0RWRUHQ DXFK LQ (LQIDFK XQG 'RSSHOVWlQGHU XQWHUVFKLHGHQ 'DUDXV HUJHEHQ VLFK GLHLQ$EEJH]HLJWHQ%DXIRUPHQ ,Q6RUWHUQZHUGHQDXVVFKOLH‰OLFK0RWRUHQLQ/DQJOlXIHUDXVIKUXQJHLQ JHVHW]W 'DV IHOGHU]HXJHQGH 3ULPlUWHLO VWHKW KLHUEHL IHVW XQG GDV HLQIDFK DXIJHEDXWH SUHLVZHUWH 6HNXQGlUWHLO ZLUG DOV LQWHJUDOHU %HVWDQGWHLO GHU .HWWHRGHUGHU)DKUZDJHQGXUFKGLH$QWULHEVNUDIWEHZHJW



'LH7HFKQLN



6WlQGHUPLW :LFNOXQJHQ,QGXNWRUNDPP 



/lXIHUDXV.XSIHURGHU$OXPLQLXP5HDNWLRQVVFKLHQH 



/lXIHUDXV(LVHQPDJQHWLVFKHU5FNIOXVV 

$EE%DXIRUPHQYRQ/LQHDUPRWRUHQ

,Q 9HUWHLOI|UGHUHUQ ZHUGHQ VRZRKO (LQIDFKVWlQGHU DOV DXFK 'RSSHOVWlQ GHUDQRUGQXQJHQ YHUZHQGHW 'LH 6NL]]H LQ $EE ]HLJW GLH DOWHUQDWLYHQ (LQEDXIRUPHQ %HL GHU (LQIDFKVWlQGHUDQRUGQXQJ KDEHQ GLH (UIDKUXQJHQ GHU 9HUJDQJHQKHLW JH]HLJW GDVV GXUFK DXI GHQ 3ULPlUWHLO IDOOHQGH 6RUWLHU JWH RGHU DXFK .OHLQWHLOH 6FKUDXEHQ  HV GDQQ ]X JU|‰HUHQ 6W|UXQJHQ XQG DXFK6FKlGHQDQGHQ/LQHDUPRWRUHQNRPPHQNDQQ

$EE,QWHJUDWLRQGHV/LQHDUPRWRUVLQGDV)|UGHUPLWWHO

'LH GDV %HWULHEVYHUKDOWHQ EHHLQIOXVVHQGH 3DUDPHWHU HLQHV /LQHDUPRWRUDQ WULHEV VLQG GLH *U|‰H GHV PHFKDQLVFKHQ /XIWVSDOWVGHU PLW ELVPP HLQ 9LHOIDFKHV GHV /XIWVSDOWV HLQHV URWLHUHQGHQ 0RWRUV EHWUlJW XQG GHU 4XHU VFKQLWWGHU5HDNWLRQVVFKLHQH

$QWULHEVV\VWHPHNHWWHQJHWULHEHQHU6RUWLHUDQODJHQ



'HU/LQHDUPRWRUDQWULHE]HLFKQHWVLFKJHJHQEHUDOOHQDQGHUHQ$QWULHEV V\VWHPHQ GDGXUFK DXV GDVV GLH $QWULHEVNUDIW EHUKUXQJVORV RKQH PHFKD QLVFKH hEHUWUDJXQJVHOHPHQWH LQ GDV =XJPLWWHO GHV 6RUWLHUHUV HLQJHOHLWHW ZLUG'LHVH(LJHQVFKDIWHUP|JOLFKWHLQHQYHUVFKOHL‰IUHLHQ%HWULHEXQGHLQH JHULQJH6W|UDQIlOOLJNHLW:HVHQWOLFKHU1DFKWHLOGHV/LQHDUPRWRUDQWULHEVLVW GHU QLHGULJH :LUNXQJVJUDG GHU LP EHWUDFKWHWHQ $QZHQGXQJVIDOO EHL ELV  OLHJW 'XUFK GLH LP 3ULPlUWHLO DXIWUHWHQGHQ HUKHEOLFKHQ 9HU OXVWH PXVV GHU /LQHDUPRWRU PLW HLQHP JUR‰ GLPHQVLRQLHUWHQ .KON|USHU XQGHLQHP)UHPGOIWHUDXVJHVWDWWHWVHLQ>+D:D6±@ 'LH $XVOHJXQJ GHU 0RWRUHQ HUIROJW QDFK GHU =XJNUDIW 'LH +HUVWHOOHU ELHWHQ YHUHLQIDFKWH $XVOHJXQJVKLQZHLVH IU GLH 6FKXENUDIW )6 GHV 0RWRUV >6(:@

)

6



)

Z

5

Q

'$/

T 

>1@

)6



6FKXENUDIWHLQHV0RWRUV

)5



*HVDPWUHLEXQJVZLGHUVWDQGGHV9HUWHLOI|UGHUHUV>1@

Q'$/



$Q]DKOGHULQVWDOOLHUWHQ$QWULHEH>@

'HU)DNWRUZLUGDOV/HLVWXQJVUHVHUYH]XU*HVFKZLQGLJNHLWVUHJHOXQJYHUZHQGHW

$OV W\SLVFKHV %HLVSLHO VLQG GLH 'DWHQ IU GHQ LQ $EE E  UHFKWV JH ]HLJWHQ/LQHDUPRWRUGHU)LUPD6(:7\S'/'7),6 ]XVHKHQ(U EHVLW]W HLQH 6FKXENUDIW YRQ  1 HLQH /HLVWXQJ YRQ : EHL HLQHP *HZLFKWYRQNJ>6(:@ $OV6HNXQGlUWHLO ZHUGHQ$OXPLQLXPSURILOHPLWPP'LFNHRGHU.XS IHUSURILOH PLW PP 'LFNH HLQJHVHW]W GLH VLFK ]ZLVFKHQ GHQ SDUDOOHO ]X

D 

E 

$EE 'RSSHOVWDWRU /LQHDUPRWRUHQ D  HLQJHEDXW RKQH 5HDNWLRQVVFKLHQH 4XHOOH9DQGHUODQGH>.DV@ E DXVJHEDXW PLW5HDNWLRQVVFKLHQH>6(:@



'LH7HFKQLN

HLQDQGHU OLHJHQGHQ :LFNOXQJHQ GHV 3ULPlUWHLOV   EHZHJHQ $XV 6LFKHU KHLWVJUQGHQ ZHUGHQ VLH EHLP (LQODXI LQ GHQ IHVWVWHKHQGHQ /LQHDUPRWRU GXUFK HLQHQ 7ULFKWHU   JHIKUW :HJHQ GHV VFKOHFKWHQ :LUNXQJVJUDGV GLHVHV $QWULHEVSULQ]LSV HQWVWHKW YLHO 5HVWZlUPH LP 3ULPlUWHLO GLH GXUFK HLQH DNWLYH .KOXQJ DEJHIKUW ZHUGHQ VROOWH 'HU ]XP KLHU EHVFKULHEHQHQ 0RWRU JHK|ULJH /IWHU KDW EHLVSLHOVZHLVH HLQH /HLVWXQJ YRQ  : DOVR IDVWHLQHP 'ULWWHOGHU0RWRUOHLVWXQJ 7URW] GHU 1DFKWHLOH GHV VFKOHFKWHQ :LUNXQJVJUDGHV QLPPW GHU (LQVDW] YRQ /LQHDUPRWRUHQ LQ GHQ 9HUWHLOI|UGHUHUQ ]X GD PDQ DQVFKHLQHQG GLH 9RUWHLOH LP +LQEOLFN DXI 9HUIJEDUNHLW XQG :DUWXQJ VRZLH DXI GLH *H UlXVFKHQWZLFNOXQJG% VWlUNHUZHUWHW

'LH.LSSPHFKDQLVPHQ

=HQWUDOHV %DXHOHPHQW GHV .LSSVFKDOHQVRUWHUV LVW GHU .LSSPHFKDQLVPXV GHU VLFK ]ZLVFKHQ )DKUZDJHQ XQG *XWDXIQDKPH EHILQGHW :HVHQWOLFKH $QIRUGHUXQJHQDQGLHVHQ.LSSPHFKDQLVPXVVLQG>'UR6@

E E E E E E E

VLFKHUHU7UDQVSRUWGHV6RUWLHUJXWHV VFKQHOOH$NWLYLHUXQJPV  VRUWLHUJXWVFKRQHQGHXQGXQDEKlQJLJH$XVVFKOHXVEHZHJXQJ HUP|JOLFKHQHLQHUKRKHQ(QGVWHOOHQGLFKWH HLQIDFKHU$XIEDX SODW]VSDUHQGH*HVWDOWXQJXQG YHUVFKOHL‰XQGJHUlXVFKDUPH.RQVWUXNWLRQ

:lKUHQGGLH.LSSVFKDOHEHLP(LQVFKOHXVHQXQG7UDQVSRUWIHVWDUUHWLHUWLVW XQG NHLQHQ EHVRQGHUHQ $QIRUGHUXQJHQ XQWHUOLHJW KDW GLH %HZHJXQJ GHU .LSSVFKDOH IU GHQ $XVVFKOHXVYRUJDQJ HLQH EHVRQGHUH %HGHXWXQJ %HL HLQHU V\VWHPDWLVFKHQ %HWUDFKWXQJ GHU P|JOLFKHQ %HZHJXQJHQ GHU .LSS VFKDOH ]XP )DKUZDJHQ ODVVHQ VLFK GUHL +DXSWJUXSSHQ IU GHUHQ )UHLKHLWV JUDGHXQWHUWHLOHQ

E

HLQGLPHQVLRQDOH%HZHJXQJ 'LH .LSSVFKDOH VLW]W VWDUU DXI GHP )DKUZDJHQ GHU Ä$EZXUI³ HUIROJW GXUFK GLH 6FKZHUNUDIW QDFK GHP :HJVFKZHQNHQ HLQHU *XWKDOWHYRUULFK WXQJ

E

]ZHLGLPHQVLRQDOH%HZHJXQJLQGHU(EHQH 'LH.LSSVFKDOHZLUGLQGHU5HJHOXPHLQH]XU%HZHJXQJGHV)|UGHUPLW WHOVSDUDOOHOH$FKVHJHVFKZHQNW

'LH.LSSPHFKDQLVPHQ

E

GUHLGLPHQVLRQDOH%HZHJXQJLP5DXP 'LH.LSSVFKDOHZLUG ]XVlW]OLFKXP HLQHZHLWHUH $FKVHGLH PHLVW LQGHU 9HUWLNDOHEHQHGHU6RUWHUEHZHJXQJOLHJWJHVFKZHQNW

'LH HUVWH 'LPHQVLRQ GHU %HZHJXQJ LVW MHZHLOV GLH +DXSWEHZHJXQJ GXUFK GDV)|UGHUPLWWHO

0HFKDQLVPHQRKQH%HZHJXQJ

%HL GLHVHQ 6\VWHPHQ ZLUG GDV *XW LQ HLQHU JHQHLJWHQ 6FKDOH WUDQVSRUWLHUW =XP $XVVFKOHXV]HLWSXQNW ZLUG DXI GHU $XVVFKOHXVVHLWH HLQH 9HUULHJHOXQJ JHO|VWXQGGDV*XWJOHLWHWDXVGHU6FKDOH'LHEHLGHQIROJHQGYRUJHVWHOOWHQ 6\VWHPH XQWHUVFKHLGHQ VLFK KLQVLFKWOLFK GHU 6FKDOHQRULHQWLHUXQJ LQ GHU (LQVFKOHXVSKDVH *HPHLQVDP LVW GLH XQJHIKUWH .ODSSHQEHZHJXQJ )U EHLGH 6\VWHPH JLOW ZHLWHUKLQ GDVV VLH KHXWH QLFKW PHKU JHIHUWLJW ZHUGHQ XQG ZHLWHVWJHKHQG DXFK QLFKW PHKU LQ %HWULHE VLQG 'D VLH VLFKHUOLFK GLH %DVLVGHUKHXWLJHQ.LSSVFKDOHQVRUWHUGDUVWHOOHQVROOHQVLHKLHUQLFKWXQEH UFNVLFKWLJWEOHLEHQ

6HLWHQZDQJHQNLSSHOHPHQW

'HU 6RUWHU GHU GXUFK GLH )LUPD 7LVVPHWDO /LRQHO'XSRW DXV )UDQNUHLFK JHEDXW ZXUGH HUKLHOW VHLQHQ 1DPHQ Ä*XOO:LQJ6RUWHU³ RIIHQVLFKWOLFK GXUFK GLH EHLGHQ EHL GHU (LQVFKOHXVXQJ XQG GHP 7UDQVSRUW ]XHLQDQGHU DQJHZLQNHOWHQ QLFKW ZDDJHUHFKW VWHKHQGHQ .LSSVFKDOHQKlOIWHQ LQ GHQHQ GDV*XWOLHJW


$," ( 3+)

"

&+++ 03$ $,0""

$EE6FKZHQNNODSSHQVRUWHUPLW6HLWHQZDQJHQNLSSHOHPHQW



'LH7HFKQLN

'LHVHV 3ULQ]LS ZLUG LQ GHU 9',5LFKWOLQLH ( YRUJHVWHOOW (V ZHUGHQ 6RUWLHUOHLVWXQJHQELV]X6WFNSUR6WXQGHXQG*XWJHZLFKWHELV]X NJ JHQDQQW >9', 6@ ,P 'HSRW  LQ 5DXQKHLP EHLP 'HXWVFKHQ 3DNHW 'LHQVW ZLUG HLQ 6RUWHU QDFK GLHVHP 3ULQ]LS EHWULHEHQ V $EVFKQ   3UREOHPDWLVFK EHL GLHVHP 3ULQ]LS LVW GHU (LQVFKOHXVYRUJDQJ LQ GLH Y I|UPLJH 6FKDOH ZRKLQJHJHQ GHU 7UDQVSRUW DXFK YRQ UXQGHQ XQG OD JHXQVWDELOHQ*WHUQSUREOHPORVLVW )DOOV GDV *XW EHLP $XVVFKOHXVHQ DXI GHU ]X HQWULHJHOQGHQ :DQJH OLHJW ZLUG HV PLW GLHVHU HLQH 5RWDWLRQVEHZHJXQJ GXUFKIKUHQ GLH ]X LKUHP (QGH VWR‰DUWLJ DEJHEUHPVW ZLUG ZDV QDFKWHLOLJ KLQVLFKWOLFK GHU *XWEHODV WXQJLVW

.ODSSHQ.LSSHOHPHQW

(LQH :HLWHUHQWZLFNOXQJ LVW GDV .ODSSHQ.LSSHOHPHQW ZHOFKHV EHL GHU (LQVFKOHXVXQJ LP 8QWHUVFKLHG ]XP 6HLWHQZDQJHQNLSSHOHPHQW ZDDJHUHFKW VWHKW 'LHVHU 0HFKDQLVPXV EHVWHKW DXV GUHL (OHPHQWHQ YRQ GHQHQ GLH bX‰HUHQ ]XP IHVWVWHKHQGHQ PLWWOHUHQ (OHPHQW KLQ JHNODSSW ZHUGHQ N|Q QHQ %HLP (LQVFKOHXVHQ VWHKHQ DOOH GUHL .ODSSHQ ZDDJHUHFKW -H QDFK JHSODQWHU$EJDEHULFKWXQJZLUGQDFKGHU(LQVFKOHXVXQJGDV$X‰HQHOHPHQW GHU $EJDEHVHLWH KRFKJHNODSSW XQG GLH 6FKDOH ODQJVDP LQ GLH 5LFKWXQJ JHQHLJWVRGDVVZLHGHUXP HLQHYI|UPLJH7UDQVSRUWVFKDOHHQWVWHKW:HJHQ GHU UHODWLY ODQJVDPHQ %HZHJXQJ JHVFKLHKW GLHVHV RKQH QHQQHQVZHUWH .UDIWZLUNXQJHQDXIGDV6RUWLHUJXW

5GKVGPRNCVVG

)TWPFRNCVVG

#WUUEJNGWUDCJP (ÑTFGTTKEJVWPI

$EE.ODSSHQ.LSSHOHPHQW QDFK>'UR@

'LH.LSSPHFKDQLVPHQ

'HQ UHVWOLFKHQ 7UDQVSRUWZHJ ELV ]XU $XVVFKOHXVXQJ OLHJW GDV *XW LQ GHU JHQHLJWHQ6FKDOHXQGZLUGGXUFKGDVDQJHZLQNHOWH$X‰HQVWFNJHKDOWHQ 'LH $XVVFKOHXVXQJ HUIROJW DQ GHU =LHOVWHOOH GXUFK GLH (QWULHJHOXQJ GHU .ODSSH GDV 6RUWLHUJXW ZLUG GXUFK GLH 6FKZHUNUDIW EHU GLH .ODSSH LQ GLH (QGVWHOOHJHI|UGHUW 'HU ZHVHQWOLFKH 8QWHUVFKLHG ]XP 6HLWHQZDQJHQVRUWHU OLHJW GDULQ GDVV GLH 6FKDOH EHLP $XIVFKLH‰HQ ZDDJHUHFKW OLHJW ZDV GLHVHQ 3UR]HVV HUKHE OLFK YHUHLQIDFKW :HLWHUH 9RUWHLOH VLQG GDV SUREOHPIUHLH /HVHQ GHU %DUFR GHV ZHJHQ GHU ZDDJHUHFKWHQ /DJH XQPLWWHOEDU QDFK GHU $XIVFKOHXVXQJ XQGHLQHJHQDXHUH*XWDEJDEHGDZHJHQGHU*HRPHWULHGHU5XWVFKZHJ]XU $XVVFKOHXVEDKQNU]HULVW )U EHLGH KLHU JHQDQQWHQ 9DULDQWHQ LVW GHU $XVVFKOHXVYRUJDQJ ZHJHQ 6WR‰EHODVWXQJHQ DXI GDV *XW XQG GLH 0HFKDQLN GHV 6RUWHUV MHGRFK DOV SUREOHPDWLVFK ]X VHKHQ (LQPDO GDXHUW GHU 9RUJDQJ OlQJHU GD GDV *XW HLQH *HVFKZLQGLJNHLWVNRPSRQHQWH LQ $XVVFKOHXVULFKWXQJ QXU GXUFK GLH 6FKZHUNUDIW HUKlOW ZRKLQJHJHQ EHL GHQ IROJHQGHQ 6\VWHPHQ PLW DNWLYHU 6FKDOHQEHZHJXQJ GHU 6RUWHU GDV *XW EHUHLWV EHVFKOHXQLJW KDW :HLWHUKLQ HUIROJHQ LP *HJHQVDW] ]X GHQ JHIKUWHQ %HZHJXQJHQ GXUFK GDV +HUXQ WHUNODSSHQ GHU 6HLWHQZDQJHQ 6W|‰H GLH VRIHUQ VLH QLFKW DEJHGlPSIW ZHU GHQGHQ6RUWHUEHODVWHQXQG*HUlXVFKHYHUXUVDFKHQ

0HFKDQLVPHQPLW]ZHLGLPHQVLRQDOHU%HZHJXQJ

.LSSHOHPHQWHPLW]ZHLGLPHQVLRQDOHU%HZHJXQJNLSSHQXPHLQHXQWHUKDOE GHU6FKDOHLQ)|UGHUULFKWXQJYHUODXIHQGH$FKVH(VN|QQHQYLHU9DULDQWHQ XQWHUVFKLHGHQZHUGHQ

E E E E

IHVWH.LSSDFKVHPLWXQJHVWHXHUWHU6FKDOHQEHZHJXQJ IHVWH.LSSDFKVHPLWJHVWHXHUWHU6FKDOHQEHZHJXQJ YHUVFKLHEEDUH.LSSDFKVHPLWJHVWHXHUWHU6FKDOHQEHZHJXQJ ZHFKVHOQGH.LSSDFKVHPLWXQJHVWHXHUWHU6FKDOHQEHZHJXQJ

)HVWH.LSSDFKVHPLWXQJHVWHXHUWHU6FKDOHQEHZHJXQJ

'HU .LSSYRUJDQJ ZLUG DQ GHU (QGVWHOOH GXUFK HLQ PHFKDQLVFKHV 6\VWHP DXVJHO|VW ZHOFKHV LQ XQWHUVFKLHGOLFKHQ 9DULDQWHQ PLW YHUVFKLHGHQHQ SK\ VLNDOLVFKHQ 3ULQ]LSLHQ UHDOLVLHUW ZHUGHQ NDQQ >'UR 6 @ .HQQ ]HLFKQHQGIUDOOH9DULDQWHQLVWGDVVNHLQGHILQLHUWHU=HLWXQG2UWVYHUODXI GHU.LSSEHZHJXQJH[LVWLHUW 'LH 6FKDOHQEHZHJXQJ LVW YRQ GHU /DJH XQG GHP *HZLFKW GHV 6WFNJX WHV YRQ GHU .UDIWEHUWUDJXQJ ]XU (LQOHLWXQJ GHV .LSSYRUJDQJV YRQ GHQ



'LH7HFKQLN

0DVVHQWUlJKHLWVPRPHQWHQ GHU VLFK GUHKHQGHQ 6FKDOHQWHLOH VRZLH GHQ 6WR‰HIIHNWHQ EHLP 9HU]|JHUQ GHU 6FKDOH DEKlQJLJ 'LH .LQHPDWLN GHU XQJHIKUWHQ .LSSEHZHJXQJ HQWVSULFKW GHU GHU XQWHQ JH]HLJWHQ JHIKUWHQ 6FKDOHQEHZHJXQJ

)HVWH.LSSDFKVHPLWJHVWHXHUWHU6FKDOHQEHZHJXQJ

%HL GHU JHIKUWHQ 6FKDOHQEHZHJXQJ ZHUGHQ GLHVH $EKlQJLJNHLWHQ GXUFK HLQHQYRP)|UGHUZHJDEKlQJLJHQQXUGXUFKGLH*HRPHWULHGHU)KUXQJV HOHPHQWH XQG GHU )|UGHUJHVFKZLQGLJNHLW GHILQLHUWHQ 6FKDOHQZLQNHO HOLPL QLHUW 'DV (UJHEQLV LVW HLQH EHVVHUH %HZHJXQJVNRQWUROOH PLW GHU )ROJH HLQHU PDWHULDOVFKRQHQGHQ $XVVFKOHXVXQJ DXI NXU]HP )|UGHUZHJ XQG HQW VSUHFKHQGNOHLQHQ(QGVWHOOHQEUHLWHQ 'LH 0HKU]DKO GHU /|VXQJHQ EHVWHKW DXV HLQHU PLW GHU 'UHKDFKVH YHU EXQGHQHQ0HFKDQLNXQGHLQHUDQGHU(QGVWHOOHVWDWLRQlULQVWDOOLHUWHQ6WHX HUPHFKDQLN 'DV $QWULHEVHOHPHQW EHVWHKW KlXILJ DXV HLQHP +HEHO PLW HLQHU 5ROOH GLH LQ GLH VWDWLRQlUH )KUXQJVEDKQ :HLFKH  HLQVFKHUW XQG GDGXUFKGHQ+HEHOEHWlWLJW'LHVH%HZHJXQJZLUGEHUHLQ*HWULHEHLQGLH 6FKDOHQEHZHJXQJXPJHVHW]W

6TCIUEJCNG

5EJYKPIG

&TGJCEJUG

*GDGN

'UR@

'HU $QWULHE GHU 'UHKDFKVH ZLUG KLHU HEHQIDOOV EHU HLQH *OHLWIKUXQJ UHDOLVLHUW ZREHL GLHVH QXQ EHU HLQ )KUXQJVDXJH HLQH PLW GHU 'UHKDFKVH YHUEXQGHQH XQG VFKUlJ ODXIHQGH +HEHOUROOH DQWUHLEW 1HEHQ GHU 6FKZHQN



'LH7HFKQLN

EHZHJXQJ OlQJV GHU +DXSWEHZHJXQJVDFKVH ZLUG JOHLFK]HLWLJ HLQH NOHLQH .LSSEHZHJXQJ LQ 5LFKWXQJ GHU 'UHKDFKVH HU]HXJW VR GDVV VLFK GXUFK hEHUODJHUXQJ HLQH OHLFKWH 'UHKEHZHJXQJ GHU .LSSVFKDOH HUJLEW ,P REHQ JHQDQQWHQ %HLVSLHO ZUGH VLFK GLH .LSSEHZHJXQJ HQWJHJHQ GHU )|UGHU ULFKWXQJHUJHEHQ'LH*WHUZUGHQÄQDFKKLQWHQ³DXVJHVFKOHXVW

9HUODJHUXQJGHU.LSSDFKVH

(LQHQ HUKHEOLFK JU|‰HUHQ NRQVWUXNWLYHQ $XIZDQG HUIRUGHUW HLQ .LSSHOH PHQW PLW YHUODJHUQGHU 'UHKDFKVH 'LHVHV 3ULQ]LS ZXUGH HEHQIDOOV LQ GHU .LSSPHFKDQLNLQ$EED XPJHVHW]W 0DQHUNHQQW]ZHLJHNU|SIWH:HOOHQ:HOOH,XQG:HOOH,, GLHGUHKEDU PLWHLQDQGHU YHUEXQGHQ VLQG 'LH XQWHUH :HOOH ,  LVW GUHKEDU LQ HLQHP JHQHLJWHQ 6RFNHO JHODJHUW $Q GLHVHU :HOOH LVW JOHLFK]HLWLJ HLQ +HEHO EH IHVWLJW GHU LP $XVO|VHIDOO GLH :HOOH LQ GHP 6RFNHO GUHKW 'HU REHUH JH NU|SIWH :HOOHQWHLO GUHKW GDGXUFK QDFK DX‰HQ XQG NLSSW EHU GLH 9HUELQ GXQJ GLH REHUH :HOOH ,,  HEHQIDOOV QDFK DX‰HQ 'LHVH VWW]W VLFK JOHLFK]HLWLJ EHU HLQH EDOOLJH 5ROOH LQ HLQHP RYDOHQ $XJH DP *HUVW DE 6RHQWVWHKWGLHNRPELQLHUWH'UHKXQG.LSSEHZHJXQJGHU6FKDOH 'HU.LSSYRUJDQJZLUGGXUFKGLH7LSSHUUROOHLQLWLDOLVLHUW'LH)KUXQJVURO OHQ GHV +HEHOV ZHUGHQ LQ GLH :HLFKHQVFKLHQH JHKREHQ XQG EHU GLH :HL 5EJCNG

9GKEJG

DCNNKIG 4QNNG

9GNNG++

9GNNG+

*GDGN

(ÑTFGTTKEJVWPI 5QEMGN

-GVVGPINKGF 6KRRGTTQNNG

$EE 5lXPOLFKH 6FKDOHQEHZHJXQJ >'UR@

PLW YHUlQGHUQGHU .LSSDFKVH QDFK

'LH.LSSPHFKDQLVPHQ

FKHQNUPPXQJ GLH %HZHJXQJ LQLWLLHUW 'LH .LQHPDWLN ZLUG GXUFK GLH JHRPHWULVFKH $QRUGQXQJ XQG GLH $EPHVVXQJHQ GHU (OHPHQWH EHVWLPPW ,QVJHVDPW LVW KLHU GLH 'UHKEHZHJXQJ VHKU YLHO DXVJHSUlJWHU 'HU LQ $EE D  DEJHELOGHWH 0HFKDQLVPXV LVW QDFK GLHVHP 3ULQ]LS DXIJHEDXW 0DQ HUNHQQW VHKU JXW GLH JHJHQHLQDQGHU JHNU|SIWHQ :HOOHQ GLH EDOOLJH 5ROOHLQGHP PLWGHP5DKPHQYHUEXQGHQHQ2YDOGHQ+HEHOPLWGHQ5RO OHQGLHLQGLH:HLFKHHLQODXIHQXQGGHUXQWHUHHEHQIDOOVPLWGHP5DKPHQ YHUEXQGHQH6RFNHO

'\QDPLVFKH(IIHNWHEHLGHU.LSSEHZHJXQJ

%HL GHQ ]ZHL XQG GUHLGLPHQVLRQDOHQ 6FKDOHQEHZHJXQJHQ N|QQHQ YHU VFKLHGHQHG\QDPLVFKH(IIHNWHEHLP$XVVFKOHXVHQDXIWUHWHQGLHEHVRQGHUV GHXWOLFK EHLP

%HWUDFKWHQ HLQHU ]ZHLGLPHQVLRQDO NLSSHQGHQ 7UDJVFKDOH

ZHUGHQ +LHU N|QQHQ YLHU ZHVHQWOLFKH (IIHNWH DXIWUHWHQ GLH YRQ GHU /DJH GHV 6RUWLHUJXWV DEKlQJLJ VLQG DEHU DXFK EHUODJHUW DXIWUHWHQ N|QQHQ 'LH 6FKDOHNLSSWEHLDOOHQ%HWUDFKWXQJHQLQ $EEXPGLHDXVGHU%HWUDFK WXQJVHEHQHKHUDXVUDJHQGH$FKVHQDFKUHFKWV

$EE '\QDPLVFKH(IIHNWHEHLP.LSSHQ

E

)DOOD'DV6RUWLHUJXWOLHJWDXIGHUUHFKWHQ6HLWHDX‰HQ ,VW GLH .LSSVFKDOHQEHVFKOHXQLJXQJ JU|‰HU DOV GLH (UGEHVFKOHXQLJXQJ KHEW GDV 6RUWLHUJXW NXU]]HLWLJ DE XQG IlOOW DQVFKOLH‰HQG DXI GLH LQ LKUHU (QGSRVLWLRQ VWHKHQGHQ .LSSVFKDOH ]XUFN XP GDQQ LQ GLH (QGVWHOOH ]X UXWVFKHQ



E

'LH7HFKQLN

)DOOEXQGF'DV6RUWLHUJXWOLHJWDXIGHUOLQNHQ6HLWHDX‰HQ ,VW ]XP (QGH GHU 6FKDOHQEHZHJXQJ GLH QHJDWLYH %HVFKOHXQLJXQJ K|KHU DOV GLH LQ 6FKDOHQULFKWXQJ ZLUNHQGH (UGEHVFKOHXQLJXQJ KHEW GDV 6RU WLHUJXWHQWZHGHUYRQGHU6FKDOHDEXQGZLUGLQGLH(QGVWHOOHNDWDSXOWLHUW )DOO E  RGHU HV KHEW WHLOZHLVH DE XQG NDQQ EHU GLH .DQWH $ NLSSHQ )DOOF 

E

)DOOGXPVRNULWLVFKHUMHZHLWHUOLQNVGDV*XWOLHJW ,VW GLH DXV GHU 7DQJHQWLDOEHVFKOHXQLJXQJ GHU 7UDJVFKDOH UHVXOWLHUHQGH .UDIWK|KHUDOVGLH5HLENUDIW]ZLVFKHQ6RUWLHUJXWXQG6FKDOHJOHLWHWGLH 6FKDOH XQWHU GHP *XW ZHJ XQG GLHVHV NDQQ XQWHU 8PVWlQGHQ EHU GLH OLQNH6HLWHYRQGHU6FKDOHNLSSHQ

=LHO GHU (QWZLFNOXQJ YRQ .LSSPHFKDQLVPHQ LVW HV GLHVH (IIHNWH ]X YHU ULQJHUQ RGHU ]X YHUKLQGHUQ $QVDW]SXQNWH IU 9HUEHVVHUXQJHQ VLQG GLH REHQ EHVFKULHEHQHQ '.LSSHOHPHQWH ZHLWHUH $QVDW]SXQNWH ELOGHQ GLH hEHUWUDJXQJVIXQNWLRQHQ ]ZLVFKHQ +DXSWEHZHJXQJ GHU 6FKDOH LQ )|UGHU ULFKWXQJXQGGHU.LSSEHZHJXQJ%HL PHFKDQLVFK DQJHWULHEHQHQ6\VWHPHQ ZHUGHQ GLHVH )XQNWLRQHQ LQ GHU 5HJHO GXUFK GLH :HLFKHQIRUP DEJHELOGHW GLHLPIROJHQGHQ$EVFKQLWWEHKDQGHOWZHUGHQ

.LSSDQWULHE

)U HLQHQ *UR‰WHLO GHU ]XYRU EHVFKULHEHQHQ .LSSPHFKDQLVPHQ QlPOLFK GLH JHIKUWHQ 9DULDQWHQ ZLUG HLQ $QWULHE EHQ|WLJW GHU LQ $EKlQJLJNHLW YRQGHU3RVLWLRQGHV.LSSHOHPHQWHVLQ )|UGHUULFKWXQJGLH$XVOHQNXQJGHU )KUXQJVUROOH XQG GDPLW GLH 1HLJXQJ GHU .LSSVFKDOH EHHLQIOXVVW (V ZHU GHQ ]XPHLVW PHFKDQLVFKH DEHU DXFK YHUPHKUW HOHNWULVFKH $QWULHEH HLQJH VHW]W

0HFKDQLVFKHU.LSSDQWULHE

%HLGHQPHFKDQLVFKHQ$QWULHEHQZLUGGLH$XVOHQNXQJHLQHU)KUXQJVUROOH GHV EHZHJOLFKHQ .LSSPHFKDQLVPXV GXUFK HLQH DQ MHGHU $XVVFKOHXVSRVLWL RQ IHVW PLW GHP 7UDJUDKPHQ YHUEXQGHQHQ :HLFKH UHDOLVLHUW $EED ]HLJW HLQ '.LSSVFKDOHQHOHPHQW GHVVHQ )KUXQJVUROOH ]X %HJLQQ GHU %HZHJXQJ LQ GLH :HLFKH HLQJHVSXUW LVW 'LH %HZHJXQJVHQHUJLH GHU .LS SXQJ ZLUG GHU $QWULHEVHQHUJLH GHV .HWWHQDQWULHEV HQWQRPPHQ 'LH :HL FKHQNUPPXQJ EHHLQIOXVVW VRZRKO GLH %HZHJXQJ DOV DXFK GLH .UlIWH GHU $XVVFKOHXVXQJ 'URVWH KDWGDKHU GUHL :HLFKHQIRUPHQ V $EE E  DQ HLQHP .LSSHOHPHQW IU HLQH ]ZHLGLPHQVLRQDOH JHIKUWH %HZHJXQJ PLW EHZHJOLFKHU.LSSDFKVHXQWHUVXFKW>'UR@

'LH.LSSPHFKDQLVPHQ

D 

E 

$EE .LSSDQWULHE GXUFK :HLFKHQ D  :HLFKH PLW HLQJHVSXUWHU )KUXQJVUROOH E :HLFKHQIRUPHQ>'UR@

'LH /:HLFKH KDW HLQHQ OLQHDUHQ 9HUODXI GLH EHLGHQ 6:HLFKHQ KDEHQ HLQHQ VLQXVI|UPLJHQ 9HUODXI %HL GHU 6,:HLFKH EHILQGHW VLFK GHU:HQGH SXQNWLQGHU0LWWHEHLGHU6,,:HLFKHZHLWHUKLQWHQ %HL GHQ 8QWHUVXFKXQJHQ ZXUGHQ XQWHUVFKLHGOLFK VFKZHUH *WHU NJ NJNJXQGNJ GLHDXIXQWHUVFKLHGOLFKHQ3RVLWLRQHQDXIGHU6FKDOH OLQNV PLWWLJ UHFKWV  ODJHQ DXV YHUVFKLHGHQHQ *HVFKZLQGLJNHLWHQ GHV )DKUZDJHQV PV ELV PV  DEJHZRUIHQ 'DEHL ZXUGHQ GLH %H VFKOHXQLJXQJVYHUOlXIH GDV $XVVFKOHXVYHUKDOWHQ VRZLH GLH .UlIWH 0R PHQWH XQG GLH .LSSDUEHLW HUPLWWHOW $OV (UJHEQLV GHU 8QWHUVXFKXQJHQ ZHLVW GLH /:HLFKH LQVJHVDPW GLH JQVWLJHUHQ (LJHQVFKDIWHQ DXI 'HUHQ (LQODXI LVW ]ZDU PLW HLQHU 8QVWHWLJNHLW YHUEXQGHQ GDIU EOHLEW DOOHUGLQJV GHU PD[LPDOH :LQNHO ]XU +DXSWI|UGHUULFKWXQJ JHULQJHU 'LHVHU PD[LPDOH :LQNHOLVWEHLGHUOLQHDUHQ/:HLFKHNRQVWDQWEHUGLHJHVDPWH/lQJHEHL GHQVLQXVI|UPLJHQ6:HLFKHQMHZHLOV LP:HQGHSXQNW'HU:LQNHOEHHLQ IOXVVW GLH .LSSJHVFKZLQGLJNHLW XQG GDPLW LQVJHVDPW GLH '\QDPLN GHV .LSSHOHPHQWHV>'UR6@ ,QVJHVDPW VWHOOW 'URVWH EHL VHLQHQ 8QWHUVXFKXQJHQ IHVW GDVV HV EHL ]X QHKPHQGHU )|UGHUJHVFKZLQGLJNHLW MH QDFK :HLFKHQIRUP 5HLEYHUKDOWHQ *XWJHZLFKW XQG *XWSRVLWLRQ DXI GHU 6FKDOH ]X QHJDWLYHQ G\QDPLVFKHQ (IIHNWHQNRPPW

(OHNWULVFKHU.LSSDQWULHE

'HU HOHNWULVFKH .LSSVFKDOHQDQWULHE ZLUG PHLVW EHL ]ZHLGLPHQVLRQDOHQ 6FKDOHQEHZHJXQJHQHLQJHVHW]W(U HUP|JOLFKWGLHYDULDEOH(LQVWHOOXQJGHV .LSSZLQNHOVXQGGHV.LSSYHUODXIV+LHUGXUFKZLUGGLH$EZXUIJHQDXLJNHLW HUK|KW XQG PDQ HUUHLFKW HLQH EHVVHUH )OlFKHQQXW]XQJ GXUFK JHULQJHUH (QGVWHOOHQEUHLWHQ:HLWHUKLQODVVHQVLFK GLH.LSSVFKDOHQLQ.XUYHQIDKUWHQ



'LH7HFKQLN

OHLFKW QHLJHQ XP GHQ )OLHKNUlIWHQ HQWJHJHQ ZLUNHQ ]X N|QQHQ +LHUGXUFK ZHUGHQK|KHUH6RUWHUJHVFKZLQGLJNHLWHQYRQELV]X0HWHUQSUR6HNXQ GH P|JOLFK )U GLH .LSSDQWULHEH LVW DOOHUGLQJV HLQH 6WURPYHUVRUJXQJ QRW ZHQGLJ

$EE.LQHPDWLN HLQHVHOHNWULVFKHQ.LSSDQWULHEV4XHOOH%(80(5 

'HU JUR‰H 9RUWHLO HOHNWULVFKHU .LSSDQWULHEH LVW GLH YROOVWlQGLJH (QWNRSS OXQJ YRQ GHU )|UGHUHUKDXSWEHZHJXQJ PDQ KDW NHLQH 5FNZLUNXQJHQ GXUFK GLH (QHUJLHDXIQDKPH GHU $XVVFKOHXVPHFKDQLVPHQ PDQ YHUPHLGHW GLH *HUlXVFKH GHU :HLFKHQ XQG YRU DOOHQ 'LQJHQ LVW GLH .LSSEHZHJXQJ QLFKW YRQ GHU *HVFKZLQGLJNHLW GHU )|UGHUEHZHJXQJ DEKlQJLJ VR GDVV MHGHU$ENLSSYRUJDQJXQDEKlQJLJYRQGHU6RUWLHUJHVFKZLQGLJNHLWUHJXOLHU EDU LVW %HLP HOHNWULVFKHQ .LSSDQWULHE LVW GLH .LQHPDWLN GLUHNW LP $QWULHE LQWHJULHUWZLHHV$EE]HLJW

D 

E 

$EE 6FKQLWWGDUVWHOOXQJ HLQHV HOHNWULVFKHQ .LSSDQWULHEV D  .XOLVVHQIKUXQJ 4XHOOH%(80(5 E =DKQVWDQJHQIKUXQJ 4XHOOH6LHPHQV>&DU@ 

$XVIKUXQJVIRUPHQGHU.LSSVFKDOHQ



'HU 6FKZHQNPRWRU JUHLIW PLW ]ZHL %RO]HQ LQ HLQH .XOLVVH HLQ (QWVSUH FKHQGGHU.XOLVVHQIRUPZLUGGLH'UHKEHZHJXQJLQGLH6FKZHQNEHZHJXQJ GHU

.LSSVFKDOH

EHUWUDJHQ

'LHVHV

$QWULHEVSULQ]LS

LVW

HEHQIDOOV

LQ

$EE D  DOV 6FKQLWW GDUJHVWHOOW 8QWHU E  LVW HLQH ZHLWHUH 9DULDQWH GDU JHVWHOOW EHL GHU HLQ DXI GHU 0RWRUZHOOH VLW]HQGHV 5LW]HO DXI HLQHU PLW GHP 5DKPHQ YHUEXQGHQHQ JHNUPPWHQ =DKQVWDQJH DEZlO]W 'HU 'UHKSXQNW OLHJWREHUKDOEGHU$QWULHEVHEHQH

$XVIKUXQJVIRUPHQGHU.LSSVFKDOHQ

'LH .LSSVFKDOHQ ZHUGHQ GHQ 6RUWLHUJWHUQ XQG GHQ $QIRUGHUXQJHQ DQJH SDVVW (V JLEW 9DULDWLRQHQ EH]JOLFK GHU )RUP XQG GHV 0DWHULDOV $OV 0D WHULDO ZLUG YRUZLHJHQG +RO] RGHU $OXPLQLXP HLQJHVHW]W EHL JHULQJHQ *HZLFKWHQDXFKSURILOLHUWH%OHFKHXQG.XQVWVWRIIH ,Q$EEVLQGH[HPSODULVFKYHUVFKLHGHQH$XVIKUXQJHQYRQ.LSSVFKD OHQGDUJHVWHOOW

$EE8QWHUVFKLHGOLFKH.LSSVFKDOHQ

'HU 9DULDWLRQVEDQGEUHLWH LVW MHGRFK NHLQH *UHQ]H JHVHW]W 'LH )RUP JHKW YRQ HLQIDFKHQ UHFKWHFNLJHQ 3ODWWHQ ELV ]X NRPSOH[ UlXPOLFK JHIRUPWHQ :DQQHQ =LHO GHU )RUPJHEXQJ LVW HV ]XP HLQHQ GDV 6RUWLHUJXW EHLP 7UDQVSRUW ]X VLFKHUQ ]XP DQGHUHQ =ZLVFKHQUlXPH GLH VLFK GXUFK GLH 5DXPJlQJLJNHLW]ZDQJVOlXILJHUJHEHQ]XPLQLPLHUHQ



'LH7HFKQLN

'HVKDOE VLQG GLH 6FKDOHQ EHL NXUYHQJlQJLJHQ 9HUWHLOI|UGHUHUQ ]XPHLVW IQIHFNLJLQGHU'UDXIVLFKWXPGLH/FNHQ]ZLVFKHQGHQ6FKDOHQ]XPLQL PLHUHQ :HLWHUH 0D‰QDKPHQ VLQG VHLWOLFKH 6WHJH GLH MHZHLOV LQ GHU $E ZXUIULFKWXQJ UHFKW]HLWLJ ZHJJHNODSSW ZHUGHQ V $EE  D  XQG 6FKOHL‰EOHFKH ZHOFKH GLH VLFK ]ZLVFKHQ .XUYHQ XQG *HUDGHDXVIDKUW ]ZDQJVOlXILJHUJHEHQGHQgIIQXQJHQVFKOLH‰HQ'HUDUWLJDXIZlQGLJH6FKD OHQ ZHUGHQ ]XPHLVW EHL *HSlFNI|UGHUDQODJHQ HLQJHVHW]W XP ]X YHUKLQ GHUQ GDVV KHUDEKlQJHQGH %lQGHU XQG 6FKODXIHQ ]ZLVFKHQ GHQ 6FKDOHQ HLQJHNOHPPW ZHUGHQ N|QQHQ RGHU DQ VWDWLRQlUHQ $QODJHQWHLOHQ KlQJHQ EOHLEHQXQG]X6W|UXQJHQXQG%HVFKlGLJXQJHQIKUHQ

*UXQGHOHPHQWHGHU(QGVWHOOHQ

'LH .RPELQDWLRQVP|JOLFKNHLWHQ XQG GHU JUXQGVlW]OLFKH $XIEDX GHU (QG VWHOOHQZXUGHQEHUHLWVLP$EVFKQDXVIKUOLFKEHKDQGHOW'LH*UXQG HOHPHQWH DXV GHQHQ VLFK (QGVWHOOHQ ]XVDPPHQVHW]HQ VLQG 6WDQGDUGHOH PHQWH GHU )|UGHUWHFKQLN GLH LP )ROJHQGHQ VSH]LHOO KLQVLFKWOLFK LKUHU &KDUDNWHULVWLNDLP +LQEOLFNDXIGLH(QGVWHOOHEHWUDFKWHWZHUGHQ

5XWVFKH

'LH 5XWVFKH RGHU 6FKZHUNUDIWUXWVFKH LVW GDV PHFKDQLVFK HLQIDFKVWH (OH PHQW ZHOFKHV GDKHU KlXILJ JOHLFK]HLWLJ LQ DOOHQ GUHL )XQNWLRQVEHUHLFKHQ HLQJHVHW]WZLUGXQG]XJOHLFKGDV.RPSOL]LHUWHVWHKLQVLFKWOLFKVHLQHU)XQN WLRQDOLWlW 'LH5XWVFKHLVWDOVSUHLVZHUWH(QGVWHOOHZHLWYHUEUHLWHW6LHLVWDX‰HUGHP IU HLQ VHKU KRKHV *XWVSHNWUXP JHHLJQHW 'LH 5XWVFKHQHQGVWHOOHQ ZHUGHQ IU GLH .XQGHQDQIRUGHUXQJHQ PD‰JHVFKQHLGHUW XQG KlXILJ EHL GHU ,QEH WULHEQDKPH GHQ |UWOLFKHQ %HGLQJXQJHQ DQJHSDVVW (V JLEW NDXP $XVOH JXQJVULFKWOLQLHQ MHGHU 6RUWHUKHUVWHOOHU KDW VHLQH (UIDKUXQJHQ GLH KlXILJ QLFKW GRNXPHQWLHUW EHL GHQ 0LWDUEHLWHUQ YRUOLHJHQ 9RP 3RVWWHFKQLVFKHQ =HQWUDODPW LQ 'DUPVWDGW ZXUGHQ *HVWDOWXQJVULFKWOLQLHQ YHU|IIHQWOLFKW >%|F6@:LVVHQVFKDIWOLFKKDEHQ7KVLQJ>%|F6@'URVWH  >'UR@ XQG %|FNHU  >%|F@ WKHRUHWLVFKH *UXQGODJHQ IU GLH $XVOHJXQJ YRQ JHUDGHQ XQG JHNUPPWHQ 5XWVFKHQ HUDUEHLWHW VRZLH 6FKPLGW  IU GDV 5XWVFKYHUKDOWHQ LQ GHU (QGVWHOOH GHV 'UHKVRUWHUV >6FK@ 1HXHUH 8QWHUVXFKXQJHQ IU W\SLVFKH 6RUWLHUJWHU DXV  H[LV WLHUHQYRQ)|OOHU>)|O6@ 0LW NULWLVFKHU :UGLJXQJ DOOHU $UEHLWHQ LVW IHVW]XKDOWHQ GDVV HV NHLQH ]XIULHGHQ VWHOOHQGHQ XPIDVVHQGHQ DQDO\WLVFKHQ 9HUIDKUHQ ]XU %HUHFKQXQJ

*UXQGHOHPHQWHGHU(QGVWHOOHQ



GHU 5HLEXQJVYHUKlOWQLVVH JLEW 'LHV LVW DXI GLH NRPSOH[HQ (LQIOVVH DXI GDV 5HLEXQJVYHUKDOWHQ *HZLFKW 0DWHULDO *OHLWJHVFKZLQGLJNHLW 7HPSH UDWXU /XIWIHXFKWLJNHLW «  XQGGHU]XP 7HLO JUR‰HQ%DQGEUHLWH GHU XQWHU VFKLHGOLFKHQ 6RUWLHUJWHU ]XUFN]XIKUHQ 6R LVW IHVW]XKDOWHQ GDVV EHL GHU ]7 JUR‰HQ 6WUHXXQJ GHU 5HLEEHLZHUWH 6FKZHUNUDIWUXWVFKHQ NHLQHQ KXQ GHUWSUR]HQWLJ VLFKHUHQ 7UDQVSRUW JHZlKUOHLVWHQ N|QQHQ >+LQ@ 0DQ LVW DXI LQ GHU 3UD[LV JHPHVVHQH DSSOLNDWLRQVVSH]LILVFKH (UIDKUXQJVZHUWH DQ JHZLHVHQ

7DEHOOH   ,Q GHU 3UD[LV JHPHVVHQH 5HLEEHLZHUWH ȝ JHJHQ EODQNHV 6WDKOEOHFK YHUVFKLHGHQHU6RUWLHUJWHU>+LQ7DEHOOH@

6RUWLHUJXW

5HLEEHLZHUWȝ

.DUWRQDJHQ

ELV

>@

)ROLHUWH6RUWLHUJWHU

ELV

*HSlFN

ELV

5HLEEHLZHUWHREHUKDOEYRQ HLQVUHVXOWLHUHQDXV$GKlVLRQVNUlIWHQ

'LH ZLVVHQVFKDIWOLFKHQ $UEHLWHQ XQWHUVWUHLFKHQ GLHVH 6FKZDQNXQJVEUHLWH %|FNHU

PLVVW

EHLVSLHOVZHLVH

>%|F6@

5HLEEHLZHUWH

]ZLVFKHQ



XQG



EHL XQWHUVFKLHGOLFKHQ *WHUQ XQG 5XWVFKHQREHUIOl

FKHQ )|OOHU HUPLWWHOW VRJDU GXUFKJlQJLJ *OHLW XQG +DIWUHLEXQJVNRHIIL ]LHQWHQYRQWHLOZHLVHZHLWEHUHLQV>)|O6@

D 

E 

$EE  5XWVFKHQ LQ GHU (QGVWHOOH D  JHUDGH 5XWVFKH 4XHOOH 'UNRSS  E :HQGHOUXWVFKH4XHOOH%(80(5

(LQH EHVRQGHUH $XVIKUXQJVIRUP GHU 5XWVFKH LVW GLH :HQGHOUXWVFKH 0LW LKU N|QQHQ DXI NOHLQHU NUHLVI|UPLJHU  *UXQGIOlFKH EHOLHELJH +|KHQXQWHU



'LH7HFKQLN

VFKLHGH EHUZXQGHQ ZHUGHQ 'LH LQGLYLGXHOOH *HVWDOWXQJ GHV UDGLDOHQ 4XHUVFKQLWWVLQQHUKDOEGHU5XWVFKHOLHJWLP .QRZKRZGHU+HUVWHOOHU'HU ]XPHLVW UXQGH 4XHUVFKQLWW LQ 9HUELQGXQJ PLW GHQ 6FKZHU 5HLE XQG )OLHKNUlIWHQHUJLEWEHLJHQJHQGHU5XWVFKHQOlQJHHLQ.UlIWHJOHLFKJHZLFKW ZHOFKHVHLQ]XYHUOlVVLJHVXQGVHOEVWUHJHOQGHV)|UGHUYHUKDOWHQHUP|JOLFKW 6R IKUW HLQH ZDFKVHQGH *HVFKZLQGLJNHLW ]X VWHLJHQGHQ )OLHKNUlIWHQ ZHOFKH GDV 3DNHW DQ GHU 5XWVFKHQDX‰HQVHLWH KRFK ZDQGHUQ ODVVHQ 'LHVHV IKUW DQGHUHUVHLWV ]X K|KHUHQ $QSUHVVGUFNHQ XQG GDGXUFK VWHLJHQGHQ 5HLEZLGHUVWlQGHQZHOFKHGDV*XWZLHGHUDEEUHPVHQ

5ROOHQXQG5|OOFKHQEDKQ

%HL GHQ QLFKW DQJHWULHEHQHQ 5ROOHQ XQG 5|OOFKHQEDKQHQ ZHUGHQ GLH 6RU WLHUJWHU GXUFK GLH 6FKZHUNUDIW HQWJHJHQ GHU 5ROOUHLEXQJ EHZHJW 'D GLH :LGHUVWlQGHGHXWOLFKJHULQJHUVLQGDOVEHL5XWVFKHQZHUGHQVLHPLWJHULQ JHUHU 1HLJXQJ HLQJHEDXW 'XUFK ]XVlW]OLFKH %UHPVUROOHQ NDQQ GLH *H VFKZLQGLJNHLW DXFK XQWHUVFKLHGOLFKHU *WHU VHKU JXW JHUHJHOW ZHUGHQ 'LH 5ROOHQXQG 5|OOFKHQEDKQHQH[LVWLHUHQHEHQIDOOVDOV .XUYHQXQWHUVFKLHGOL FKHU 5DGLHQ XQG %RJHQOlQJHQ VR GDVV VLH HEHQIDOOV LP hEHUJDQJVEHUHLFK JXWHLQVHW]EDUVLQGXQGGRUWHLQHVFKRQHQGHhEHUJDEHYRP9HUWHLOI|UGHUHU HUP|JOLFKHQ1DFKWHLOLJVLQGGLH(LQVFKUlQNXQJHQKLQVLFKWOLFKGHU)|UGHU IlKLJNHLW 6R PVVHQ GLH NOHLQVWHQ *WHU PLQGHVWHQV VR ODQJ VHLQ GDVV VLH LPPHUDXI]ZHL5ROOHQOLHJHQ

D 

E 

$EE 1LFKWDQJHWULHEHQH)|UGHUHUD 5ROOHQEDKQ4XHOOH%(80(5 XQGE  5|OOFKHQEDKQHQNXUYH 4XHOOH 9DQGHUODQGH 

'DPLWHQWVSULFKWGLHPLQLPDOH.DQWHQOlQJHGHPGRSSHOWHQ5ROOHQDEVWDQG :HLWHUKLQ N|QQHQ 8QHEHQKHLWHQ 9HUIRUPXQJHQ XQG %HVFKlGLJXQJHQ DQ GHU 6RUWLHUJXWXQWHUVHLWH ]XP 9HUKDNHQ XQG ]X 6W|UXQJHQ IKUHQ %HVRQ GHUVEHLJHULQJHQ*XWJHZLFKWHQEHVWHKWGLH*HIDKUGDVVGLH+DQJDEWULHEV

*UXQGHOHPHQWHGHU(QGVWHOOHQ



NUDIW QLFKW ]XU hEHUZLQGXQJ GHU :LGHUVWlQGH UHLFKW GDV 3DNHW OLHJHQ EOHLEWXQGVLFKQLFKWVHOEVWWlWLJZHLWHUEHZHJW:HLWHUKLQLVWGLH*HUlXVFK HQWZLFNOXQJ LQVEHVRQGHUH GHU 5|OOFKHQEDKQHQ KlXILJ NULWLVFK $OV JUR‰HU 9RUWHLOJLOWGLH7DWVDFKHGDVVGLHQLFKWDQJHWULHEHQHQ5ROOHQ.XJHOXQG 5|OOFKHQEDKQHQIDVWNHLQH:DUWXQJEUDXFKHQ 'LH 5ROOZLGHUVWlQGH GHU 5ROOHQEDKQHQ N|QQHQ ]ZDU GHWDLOOLHUW EHUHFK QHW ZHUGHQ V .DS   LQ GHU 5HJHO KHOIHQ DEHU 5LFKWZHUWH DXV 3UD[LVHU IDKUXQJHQ]XU)LQGXQJGHUJHHLJQHWHQ1HLJXQJ+HUVWHOOHUYRQ'XUFKODXI UHJDOHQ YHUZHQGHQ EHLVSLHOVZHLVH 1HLJXQJHQ ]ZLVFKHQ ]ZHL XQG YLHU 3UR]HQW 9RQ GHQ SDVVLYHQ (OHPHQWHQ DQ GHQ (QGVWHOOHQ VLQG GLH QLFKW DQJHWULH EHQHQ )|UGHUHU GLH WHXHUVWHQ $XVIKUXQJHQ DEHU LP 9HUJOHLFK PLW GHQ DQJHWULHEHQHQ 5ROOHQEDKQHQ XQG *XUWI|UGHUHUQ LPPHU QRFK GHXWOLFK SUHLVZHUWHU 2KQH 1HLJXQJ HLQJHEDXWH 5ROOHQEDKQHQ PVVHQ DQJHWULHEHQ ZHUGHQ +LHUGXUFK VWHLJHQ ]ZDU GHUHQ .RVWHQ GLH )XQNWLRQ ZLUG DOOHU GLQJVGHXWOLFK]XYHUOlVVLJHUZDVVLFKEHLVFKOHFKW]XJlQJOLFKHQ(QGVWHOOHQ PLW NRPSOL]LHUWHQ %DKQYHUOlXIHQ GXUFKDXV UHFKWIHUWLJHQ OlVVW 6WDXUROOHQ I|UGHUHU PLW DXWRPDWLVFK DEVFKDOWHQGHQ 7HLOVHJPHQWHQ HUP|JOLFKHQ GDU EHUKLQDXVGLHVWDXGUXFNIUHLH)|UGHUXQJLQGLH6DPPHOVWHOOH

%DQGI|UGHUHU

+DXSWHOHPHQW HLQHV %DQGI|UGHUHUV LVW HLQ HQGORVHV DXI 7UDJUROOHQ RGHU *OHLWEDKQHQ DEJHVWW]WHV XPODXIHQGHV %DQG DOV 7UDJ XQG =XJPLWWHO 'DV %DQG ZLUG EHU 5HLEVFKOXVV YRQ HLQHU $QWULHEVWURPPHO DQJHWULHEHQ XQG ZHJHQ GHU EHQ|WLJWHQ 9RUVSDQQXQJ DXI GHU *HJHQVHLWH GXUFK HLQH 6SDQQ WURPPHO JHVSDQQW 'LH .UDIWEHUWUDJXQJ HUIROJW UHLEVFKOVVLJ 'LH EHU WUDJEDUH.UDIWVSLHJHOWVLFKLQGHU'LIIHUHQ]GHU=XJNUlIWHLPDXIODXIHQGHQ ) XQGDEODXIHQGHQ7UXP ) ZLHGHU

$EE .UlIWHDQGHU$QWULHEVWURPPHOHLQHV*XUWI|UGHUHUV



'LH7HFKQLN

6LH LVW QDFK GHU (\WHOZHLQVFKHQ *UHQ]EHGLQJXQJ YRP 8PVFKOLQJXQJV ZLQNHO

XQGGHP+DIWUHLEXQJVEHLZHUWyDEKlQJLJ )



r ) T H y

 



)



=XJNUDIWLPDXIODXIHQGHQ7UXP >1@

)



=XJNUDIWLPDEODXIHQGHQ7UXP >1@

y 



+DIWUHLEXQJNRHIIL]LHQW>@



8PVFKOLQJXQJVZLQNHO>UDG@

-H QDFK YHUZHQGHWHP %DQG HUJHEHQ VLFK XQWHUVFKLHGOLFKH %DXDUWHQ GHU %DQGI|UGHUHU ,Q GHU 6RUWLHUWHFKQLN ZHUGHQ 6WDKOEDQG *XUW XQG 5LH PHQI|UGHUHU HLQJHVHW]W $Q GHQ (QGVWHOOHQ ZHUGHQ MHGRFK DXVVFKOLH‰OLFK *XUWI|UGHUHUHLQJHVHW]W'LH*XUWHVLQGDXVPHKUHUHQ/DJHQDXIJHEDXWXQG KDEHQLP.HUQHLQ=XJNUDIWDXIQHKPHQGHV0DWHULDOLQ)RUPYRQ'UDKWVHL OHQ RGHU 7H[WLOJHZHEHQ ,Q GHU 6RUWLHUWHFKQLN HLQJHVHW]WH *XUWH KDEHQ PHLVW HLQHQ 7H[WLOJHZHEHNHUQ GHU DQ GHU 2EHUVHLWH HLQH YHUVFKOHL‰IHVWH 'HFNVFKLFKW KDW XQG DQ GHU 8QWHUVHLWH HLQ 0DWHULDO PLW KRKHP 5HLEEHL ZHUW XP GHQ .UDIWVFKOXVV ]XU hEHUWUDJXQJ GHU $QWULHEVNUlIWH YRQ GHU $QWULHEVWURPPHO]XHUK|KHQ *XUWI|UGHUHU VLQG JHQHUHOO DQJHWULHEHQ LP $OOJHPHLQHQ JHUlXVFKDUP XQG IU VFKQHOOH )|UGHUJHVFKZLQGLJNHLWHQ JHHLJQHW 3UREOHPDWLVFK LVW GHU +DQJ GHU *XUWH EHL NOHLQVWHQ $EZHLFKXQJHQ LQ GHU *XUWIKUXQJ RGHU EHL VHLWOLFKHQ.UlIWHQVFKUlJ]XYHUODXIHQ ZDV]XU%HVFKlGLJXQJE]Z=HUVW| UXQJ GHV *XUWHV IKUHQ NDQQ 'LH *XUWI|UGHUHU VLQG GLH WHXHUVWHQ XQG JOHLFK]HLWLJ ]XYHUOlVVLJVWHQ (OHPHQWH IU GLH *HVWDOWXQJ YRQ (QGVWHOOHQ 1DFKWHLOH VLQG GHU LP 9HUJOHLFK KRKH WHFKQLVFKH $XIZDQG XQGGHU 5DXP EHGDUI VRZLH GLH UHODWLY QLHGULJH 6SHLFKHUNDSD]LWlW 9RUWHLOH VLQG MHGRFK GLHXQLYHUVHOOH9HUZHQGEDUNHLWIUIDVWDOOHDXFKSUREOHPDWLVFKH6WFNJ WHU ,Q 9HUELQGXQJ PLW GHP JHHLJQHWHQ )|UGHUJXUW +lUWH 5HLEZHUWH «  NDQQ GLH *XWEHZHJXQJ RSWLPDO NRQWUROOLHUW ZHUGHQ XQG QHEHQ HEHQHQ $EVFKQLWWHQ N|QQHQ DXFK6WHLJXQJHQ XQG.XUYHQ UHDOLVLHUW ZHUGHQ .ROOL VLRQHQ GHU 6RUWLHUJWHU XQWHUHLQDQGHU RGHU PLW GHQ 6HLWHQZlQGHQ N|QQHQ YHUPLQGHUW RGHU DXVJHVFKORVVHQ ZHUGHQ *XUWI|UGHUHU VLQG OHLFKW LQ GHQ 0DWHULDOIOXVV ]X LQWHJULHUHQ XQG N|QQHQ GLH 6RUWLHUJWHU PLW JUR‰HU *H VFKZLQGLJNHLW EHL JHULQJHP (QHUJLHEHGDUI WUDQVSRUWLHUHQ hEHU WHOHVNR SLHUEDUH %DQGI|UGHUHU NDQQ VRIHUQ HLQH 9HUSDFNXQJ QLFKW QRWZHQGLJ LVW GLH (QGVWHOOH ELV LQ GHQ /.: GLH :HFKVHOEUFNH RGHU GHQ &RQWDLQHU HUZHLWHUWZHUGHQ=XVlW]OLFKLVWHVP|JOLFKHLQH]XVlW]OLFKH6WDSHOXQJGHU *WHURGHUHLQ7DNWVSHLFKHUEDQG]XUHDOLVLHUHQ

*UXQGHOHPHQWHGHU(QGVWHOOHQ



6DPPHOEHKlOWHU

'LH GLUHNWH $XVVFKOHXVXQJ GHU 6WFNJWHU LQ HLQHQ %HKlOWHU LVW GLH HLQ IDFKVWH XQG SODW]VSDUHQGVWH WHFKQLVFKH /|VXQJ IU HLQH (QGVWHOOH 'LH %HKlOWHUN|QQHQ.OHLQEHKlOWHU*UR‰EHKlOWHUXQG%HXWHORGHU6lFNHVHLQ ,Q GLH NOHLQHQ PHLVW WUDJEDUHQ %HKlOWHU ZHUGHQ NOHLQYROXPLJH *WHU ZLH 3ULQWPHGLHQ RGHU 7RQ XQG 'DWHQWUlJHU &'V XQG '9'V  HWF JHVDP PHOW3lFNFKHQXQG3DNHWHPLWWOHUHU*U|‰HZHUGHQLQ*UR‰EHKlOWHUQKlX ILJ 5ROOEHKlOWHUQ  JHVDPPHOW )U %ULHIH RGHU 3lFNFKHQ ZHUGHQ KlXILJ 3RVWVlFNHYHUZHQGHW :HUGHQDQGHQ(QGVWHOOHQ%HKlOWHUHLQJHVHW]WHUEULJHQVLFKKlXILJGLH hEHUJDQJVEHUHLFKH RGHU )|UGHUVWUHFNHQ 6WDWWGHVVHQ JHODQJHQ GLH 6RUWLHU JWHUGXUFKGHQIUHLHQ)DOOLQGHQ6DPPHOEHKlOWHU 'LH$XISUDOOJHVFKZLQ GLJNHLW LVW YRQ GHU )DOOK|KH DEKlQJLJ GLH YRUKDQGHQH NLQHWLVFKH (QHUJLH ZLUGYROOVWlQGLJXPJHZDQGHOWXQGPXVVYRQDOOHQ2EMHNWHQDXIJHQRPPHQ ZHUGHQ

D 

$EE 

E 

F 

%HKlOWQLVVH DOV (OHPHQWH HLQHU (QGVWHOOH D  *UR‰EHKlOWHU 4XHOOH

/LSSHUW E .OHLQEHKlOWHU4XHOOH%(80(5 F 6DFN 4XHOOH%(80(5

=XU 7UHQQXQJ GHU (QGVWHOOHQ XQG ]XU )KUXQJ GHU *WHU ZHUGHQ KlXILJ ]XVlW]OLFKH /HLWHOHPHQWH HLQJHVHW]W &KDUDNWHULVWLVFK IU GLH %HKlOWHUVDP PHOEHUHLFKH RGHU HQGVWHOOHQ VLQG GLH QLHGULJHQ .RVWHQ GHU JHULQJH WHFK QLVFKH $XIZDQG XQGGHU PLQLPLHUWH 5DXPEHGDUI $OOHUGLQJV LVW GLH .DSD ]LWlWJHULQJXQGGLH(LJQXQJDXIZHQLJHDXVJHZlKOWH*XWDUWHQEHVFKUlQNW

$EODJH

=XPHLVWZLUGDXIHLQH)L[LHUXQJXQG$XVULFKWXQJGHV*XWHVLQGHU$EODJH YHU]LFKWHW VR GDVV GLH $EODJHQ KlXILJ DOV ZDDJHUHFKWHV (QGVWFN HLQHU 5XWVFKHDXVJHIKUWVLQGLQGHUGLH*WHUEHOLHELJQHEHQXQGEHUHLQDQGHU OLHJHQ N|QQHQ )U HLQLJH (LQVDW]IlOOH ZHUGHQ GLH *WHU LQ GHU (QGVWHOOH



'LH7HFKQLN

IL[LHUW 'LHV JHVFKLHKW HQWZHGHU DQ ]ZHL UHFKWZLQNOLJ ]XHLQDQGHU VWHKHQ GHQ +LQGHUQLVVHQ VR GDVV YHUVFKLHGHQH )RUPDWH RGHU IU HLQIRUPDWLJH *WHU &'V '9'V .DWDORJH «  DXFK DQ GUHL .DQWHQ 'LH )L[LHUXQJ LVW ]XPHLVW GLH 9RUEHUHLWXQJ HLQHU DXWRPDWLVFKHQ (QWQDKPH RGHU ]XPLQGHVW HLQHU 0HFKDQLVLHUXQJ GHU (QWQDKPH 1HEHQ WHFKQRORJLVFKHQ $QIRUGHUXQ JHQ VLQG EHL GHU $XVOHJXQJ LQVEHVRQGHUH HUJRQRPLVFKH .ULWHULHQ ]X EH DFKWHQ %HLVSLHOVZHLVH GDUI GLH $EODJH QLFKW ]X WLHI VHLQ GDPLW GLH QLFKW PHKUQDFKUXWVFKHQGHQ*WHUGXUFKGDV3DFNSHUVRQDOHUUHLFKWZHUGHQN|Q QHQ=XGHQ)UDJHQGHU(UJRQRPLHVHLDXI$EVFKQYHUZLHVHQGHUVLFK PLWGHP3DFNEHUHLFKXQGGHU(UJRQRPLHGHV$UEHLWVSODW]HVEHVFKlIWLJW :HLWHUH )XQNWLRQVHOHPHQWH YHUEHVVHUQ XQG HUZHLWHUQ GLH )XQNWLRQDOLWlW GHU(QGVWHOOHQXQGZHUGHQRSWLRQDOHLQJHVHW]W

:HLFKH

:HLFKHQ HUP|JOLFKHQ OHW]WHQGOLFK HLQH (UK|KXQJ GHU =LHOVWHOOHQ]DKO GD VLH GLH *WHU XQWHUVFKLHGOLFKHQ %HUHLFKHQ GHU (QGVWHOOH XQG GDPLW ZHLWH UHQ =LHOVWHOOHQ ]XRUGQHQ N|QQHQ 'LH YHUVFKLHGHQHQ =LHOVWHOOHQ N|QQHQ EHUHLQDQGHU XQG QHEHQHLQDQGHU OLHJHQ 1HEHQHLQDQGHU OLHJHQGH (QGVWHO OHQEHUHLFKH ZHUGHQ GXUFK VR JHQDQQWH )OLSSHUGRRUV JHVWHXHUW 0DQ NHQQW GDV 3ULQ]LS YRQ .DVVHQV\VWHPHQ DQ GHQHQ GLH .DVVLHUHULQ GXUFK PDQXHO OHV 8POHJHQ HLQHU .ODSSH GDV .DVVLHUHQ GHV )ROJHNXQGHQ EHJLQQHQ NDQQ ZlKUHQG GHU 9RUNXQGH QRFK VHLQH :DUHQ YHUSDFNW 'LH )XQNWLRQVZHLVH EHUHLQDQGHUOLHJHQGHU(QWQDKPHEHUHLFKH]HLJW$EE  +LQWHU GHP hEHUJDQJVEHUHLFK EHILQGHW VLFK HLQH KRUL]RQWDO VFKZHQNED UH :HLFKH GLH GLH *WHU GHQ EHUHLQDQGHU OLHJHQGHQ =LHOHQ ]XRUGQHW =XU (QWQDKPH GHV REHUHQ =LHOEHUHLFKV ZLUG HLQH .ODSSH EHWlWLJW GLH GHQ (QW QDKPHEHUHLFK|IIQHW

D 

E 

$EE  hEHUHLQDQGHU OLHJHQGH (QGVWHOOHQEHUHLFKH D  6NL]]H E  5HDOLVLHUXQJV EHLVSLHO4XHOOH9DQGHUODQGH 

*UXQGHOHPHQWHGHU(QGVWHOOHQ



'LH )OOXQJ GHU =LHOH NDQQ ZHFKVHOVHLWLJ HUIROJHQ GLH (QWQDKPH VROOWH HUVW EHJLQQHQ QDFKGHP DOOH *WHU HLQHV $XIWUDJV LQ GHU =LHOVWHOOH VLQG 'LHVH/|VXQJLVWQXUIUIODFKHXQGP|JOLFKVWlKQOLFKH*WHUJHHLJQHW

7UHQQNODSSH

(LQH ZHLWHUH 0|JOLFKNHLW GLH $Q]DKO GHU =LHOH LQ HLQHU (QGVWHOOH ]X HUK| KHQ LVW GHU (LQVDW] YRQ 7UHQQNODSSHQ ,Q $EE  LVW VNL]]LHUW XQG EHL VSLHOKDIWGDUJHVWHOOWZLHGLH.RPELQDWLRQYRQ:HLFKHQXQG7UHQQNODSSHQ LQHLQHU(QGVWHOOHYLHU=LHOVWHOOHQHUP|JOLFKW

$EE



(UK|KXQJ

GHU

=LHOVWHOOHQ]DKO

GXUFK

7UHQQNODSSHQ

%LOGTXHOOH

%(80(5 

'LH 7UHQQNODSSHQ XQWHUWHLOHQ GLH (QGVWHOOH OlQJV PLW GHU (LQVFKUlQNXQJ GDVV ]XQlFKVW DOOH *WHU GHV HUVWHQ %DWFKHV JHVDPPHOW ZHUGHQ PVVHQ EHYRUGLH.ODSSHEHWlWLJWZLUGXQGGDV]ZHLWH %DWFK JHVRQGHUWJHVDPPHOW ZLUG

6WDSHOHLQULFKWXQJXQG0DJD]LQ

6WDSHOHLQULFKWXQJHQ V $EE  E  N|QQHQ NOHLQWHLOLJH JOHLFKDUWLJH * WHU ZLH &'V XQG '9'V GLH VLFK DQ HLQHU VSH]LHOOHQ )L[LHUXQJ LQGHU (QG VWHOOHDXVULFKWHQEHUHLQDQGHUVWDSHOQ%HLHLQHUYRUJHJHEHQHQ6WDSHOK|KH RGHU EHLP $XIWUDJVDEVFKOXVV ZLUG GHU 6WDSHO NRPSOHWW ZHLWHU JHI|UGHUW XQGGLH6WDSHOHLQULFKWXQJIUHLJHJHEHQ



'LH7HFKQLN

0DJD]LQH V $EE  D  VLQG KlXILJ PHKUIDFKH $EODJHQ PLW HLQHU PHLVW GUHLVHLWLJHQ )L[LHUXQJ GLH HQWVSUHFKHQG GHU =LHOVWHOOH GHV $XV VFKOHXVJXWHV JHGUHKW RGHU JHVFKZHQNW ZHUGHQ 'LH 0DJD]LQH HUK|KHQ GLH =LHOVWHOOHQ]DKOHLQH(QGVWHOOHXPGDV9LHUELV$FKWIDFKH

D 

E 

$EE 

0DJD]LQH IU &'V D  'UHKPDJD]LQ 4XHOOH

).,  E  )HVWPDJD]LQ

4XHOOH*%,

9HUJOHLFKGHU*UXQGHOHPHQWH

(LQ9HUJOHLFKGHU*UXQGHOHPHQWHLVWQLFKWWULYLDOGDHVLPPHUYRPYRUOLH JHQGHQ (LQVDW]IDOO PLW VHLQHQ LQGLYLGXHOOHQ .RPELQDWLRQHQ DEKlQJW ZLH VWDUN VLFK GLH SULQ]LSLHOOHQ 9RU XQG 1DFKWHLOH HLQ]HOQHU .RPSRQHQWHQ EHPHUNEDU PDFKHQ 8QWHU GLHVHP *HVLFKWVSXQNW LVW 7DEHOOH  OHGLJOLFK DOVhEHUEOLFNXQGHUVWH$XVZDKOKLOIH]XVHKHQ 'LH *UXQGI|UGHUHOHPHQWH 5XWVFKH 5ROOHQEDKQ XQG %DQGI|UGHUHU ZHU GHQ DP KlXILJVWHQ LQ GHQ (QGVWHOOHQ HLQJHVHW]W ]XPDO VLH LQ IDVW DOOHQ 0DWHULDOIOXVVV\VWHPHQ 9HUZHQGXQJ ILQGHQ LQ JUR‰HQ 6WFN]DKOHQ KHUJH VWHOOW ZHUGHQ XQG YHUJOHLFKVZHLVH SUHLVZHUW ]X EHVFKDIIHQ VLQG 6LH VLQG WHFKQLVFKVHKUJXWDXVJHUHLIWXQGPLWLKUHQVSH]LILVFKHQ9RUXQG 1DFKWHL OHQLQGHU3UD[LVZHLWHVWJHKHQGEHNDQQW

*UXQGHOHPHQWHGHU(QGVWHOOHQ



7DEHOOH(LJQXQJVNULWHULHQGHU*UXQGHOHPHQWH

.ULWHULXP

6FKZHU :HQGHO 5ROOHQ

5ROOHQ

%DQGI|U

%HKlOW

NUDIW

EDKQ

GHUHU

QLVVH

UXWVFKH

UXWVFKH

EDKQ

JHQHLJW DQJH WULHEHQ 

.RVWHQ













WHFKQLVFKHU$XIZDQG













6SHLFKHUNDSD]LWlW





R

R



R

VFKRQHQGHU7UDQVSRUW





R







]XYHUOlVVLJHU7UDQVSRUW



R

R







,QWHJULHUEDUNHLW

R

R







R

EUHLWHV *XWVSHNWUXP





R

R





*HUlXVFKSHJHO

















R



5DXPEHGDUI

%HVRQGHUKHLWHQ





.DVNDGHQ

*UR‰H+| (LQVDW]DOV KRUL]RQWDOH hEHUZLQGXQJ:HFKVHO

]XU(UK|

KHQXQWHU

.XUYHQURO RGHUOHLFKW YRQJUR‰HQ

GHVYROOHQ

KXQJGHU

VFKLHGH

OHQEDKQEHLDQVWHLJHQGH/lQJHQ

%HXWHOV

6SHLFKHU

EHUZLQG

GHU$XV

$EI|UGHU

6WDSHOXQJ

RKQH6SHU

NDSD]LWlW

EDUKRKHV VFKOHXVXQJXQJ6WDX

RGHU7DNW

UXQJGHU

UHDOLVLHUEDU 3XIIHUYHU P|JHQ

IDVWNHLQH

IXQNWLRQ

VSHLFKHUEDQG(QGVWHOOH

:DUWXQJ

UHDOLVLHUEDU UHDOLVLHUEDU

UHDOLVLHUEDU

,QGHQ0DWHULDOIOXVV 

JXWJHHLJQHW

R

*HHLJQHW



VFKOHFKWJHHLJQHW

,Q7DEHOOHVLQGGLHZHLWJHKHQGHPSLULVFKHUPLWWHOWHQ%HUHLFKHIU1HL JXQJVZLQNHOHLQLJHUQLFKWDQJHWULHEHQHU)|UGHUHU]XVDPPHQJHVWHOOW

7DEHOOH hEOLFKH 1HLJXQJVZLQNHOIU)|UGHUHOHPHQWHGHU(QGVWHOOHQ>+LQ@

)|UGHUHOHPHQW

1HLJXQJVZLQNHO

6FKZHUNUDIWUXWVFKH 

ƒELVƒ

QLFKWDQJHWULHEHQH5ROOHQEDKQHQ

ƒELVƒ

*XUWI|UGHUHU

PD[ƒƒ

MHQDFK 6RUWLHUJXW

1HEHQ GHU WHFKQRORJLVFKHQ XQG NRVWHQPl‰LJHQ %HWUDFKWXQJ ZLUG PDQ EHL GHU $XVZDKO DOVR DXFK GHQ ]XU 9HUIJXQJ VWHKHQGHQ %DXUDXP EHDFKWHQ PVVHQ :HLWHU YRP 9HUWHLOI|UGHUHU HQWIHUQWH 6DPPHOEHUHLFKH ZLUG PDQ PLW HLQHU 5XWVFKH QXU EHL HQWVSUHFKHQGHQ +|KHQXQWHUVFKLHGHQ HUUHLFKHQ $QVRQVWHQ PVVHQ 5ROOHQEDKQHQ RGHU *XUWI|UGHUHU YHUZHQGHW ZHUGHQ (EHQVR ZHQLJ VLQG 5ROOHQEDKQHQ IU JUR‰H +|KHQXQWHUVFKLHGH XQG HLQHQ NXU]HQ$EVWDQG]ZLVFKHQ9HUWHLOI|UGHUHUXQG6DPPHOVWHOOHJHHLJQHW



'LH7HFKQLN

*HVWDOWXQJVKLQZHLVH

'LH5DKPHQEHGLQJXQJHQ]XU$XVOHJXQJGHU(QGVWHOOHQZHUGHQZHVHQWOLFK EHVWLPPWGXUFK

E E E E E E

GLH6RUWLHUDXIJDEH GLH]XVRUWLHUHQGHQ*WHU GLH3ODW]YHUKlOWQLVVH GHQ9HUWHLOI|UGHUHU JHJHEHQHQIDOOVGLHGDUDQDQVFKOLH‰HQGHQ3DFNDUEHLWVSOlW]HXQG GLH]XU9HUIJXQJVWHKHQGHQ,QYHVWLWLRQVPLWWHO

*UR‰H %HGHXWXQJ EHL GHU *HVWDOWXQJ KDW GLH IXQNWLRQHOOH (LQELQGXQJ GHU (QGVWHOOHQLQGHQ0DWHULDOIOXVVXQWHU%HUFNVLFKWLJXQJGHU YRUXQGQDFK JHODJHUWHQ 3UR]HVVH (QGVWHOOHQ GLH LQ GDV JHVDPWH ORJLVWLVFKH .RQ]HSW QLFKW JXW HLQJHSDVVW VLQG N|QQHQ QLFKW PLW LKUHU PD[LPDOHQ 6\VWHPOHLV WXQJ XQG .DSD]LWlW EHWULHEHQ ZHUGHQ RGHU ]X 5FNVWDXXQJHQ XQG ]XP 6\VWHPVWLOOVWDQG IKUHQ 'DKHU VLQG EHL GHU *HVWDOWXQJ YRQ (QGVWHOOHQ HLQLJH3XQNWH]XEHDFKWHQ>9',@

E

)XQNWLRQDOLWlW %HL GHU 'LPHQVLRQLHUXQJ YRQ (QGVWHOOHQ VLQG DX‰HURUGHQWOLFK XQWHU VFKLHGOLFKH 6WFNJXWJHZLFKWH 6WFNJXWDEPHVVXQJHQ 5HLEXQJVNRHIIL ]LHQWHQ *HZLFKWVYHUWHLOXQJHQ XVZ ]X EHUFNVLFKWLJHQ GDPLW OHLFKWHV 6RUWLHUJXWQLFKWKlQJHQEOHLEWVFKZHUHV*XWDQGHUH*WHUQLFKWEHVFKl GLJW XQG HPSILQGOLFKH :DUH QLFKW VWU]W 6R LVW GLH $XVOHJXQJ HLQHU (QGVWHOOH LQ GHU 5HJHO HLQH .RPSURPLVVO|VXQJ ]ZLVFKHQ GHQ YHUVFKLH GHQHQ $QIRUGHUXQJHQ GHV 6RUWLHUJXWHV GHU 6RUWLHUDXIJDEH GHQ 3ODW] YHUKlOWQLVVHQXQGGHQ]XU9HUIJXQJVWHKHQGHQ0LWWHOQ)UGLH*HVWDO WXQJNDQQPDQZLHJH]HLJWEHUHLWVDXIHLQHEUHLWH3DOHWWHYRQHUSUREWHQ (OHPHQWHQ ]XUFNJUHLIHQ GLH PLWHLQDQGHU NRPELQLHUEDU VLQG XQG YLHOH WHFKQLVFKH/|VXQJHQHUODXEHQ 'LH VHKU JUR‰H 3DOHWWH GHU ]X VRUWLHUHQGHQ *WHU NDQQ VLFK LP /DXIH GHU =HLW ]XGHP YHUlQGHUQ XQG ]X WHFKQLVFKHQ XQG IXQNWLRQHOOHQ 3UR EOHPHQ DQ EHUHLWV EHWULHEHQHQ 6RUWLHUDQODJHQ IKUHQ 6SH]LHOO IU HLQ YRUJHJHEHQHV 6SHNWUXP RSWLPLHUWH (QGVWHOOHQ N|QQHQ VFKRQ EHL 9HUlQ GHUXQJ GHU 9HUSDFNXQJ XQG GHU GDPLW YHUEXQGHQHQ 9HUlQGHUXQJ GHU 5HLEZHUWH PLW HLQHU )XQNWLRQVYHUVFKOHFKWHUXQJ UHDJLHUHQ 'DKHU VLQG GLH %HWULHEVSDUDPHWHU P|JOLFKVW IOH[LEHO XQG IU HLQHQ JUR‰HQ 6FKZDQ NXQJVEHUHLFK]XGLPHQVLRQLHUHQ

*UXQGHOHPHQWHGHU(QGVWHOOHQ

E



5FNZLUNXQJDXIGDV6RUWLHUV\VWHPXQGGLH6\VWHPOHLVWXQJ (LQHIDOVFKH'LPHQVLRQLHUXQJGHU6WDXNDSD]LWlWHLQHU=LHOVWHOOHRGHUHL QHUQLFKWEHGLHQWHQDEHUDNWLYHQ(QGVWHOOHQIKUHQGD]XGDVVEHL (UUHL FKHQ GHU PD[LPDOHQ 6WDXNDSD]LWlW DXI GLHVHV =LHO QLFKW PHKU DXVJH VFKOHXVW ZLUG ,VW NHLQ (UVDW]]LHO GHILQLHUW VLQNW GLH 6\VWHPOHLVWXQJ GXUFK.UHLVOlXIHU'XUFKHLQHJHHLJQHWH6HQVRULNLQGHU(QGVWHOOHLVWGH UHQ 6WDWXV ]X EHUSUIHQ LQVEHVRQGHUH GDQQ ZHQQ VLH JHIOOW LVW XQG NHLQH ZHLWHUHQ *WHU PHKU DXIQHKPHQ NDQQ DEHU DXFK ZHQQ HV GXUFK 6W|UXQJHQ ]X 5FNVWDXXQJHQ NRPPW RGHU VRJDU 6RUWLHUJWHU LP hEHU JDQJVEHUHLFKKlQJHQXQGGURKHQLQGDV/LFKWUDXPSURILOGHV9HUWHLOI|U GHUHUV ]X JHUDWHQ (EHQVR VROOWHQ JHHLJQHWH $Q]HLJHQ IU GDV 3DFNSHU VRQDO YRUKDQGHQ VHLQ XP (QGVWHOOHQ UHFKW]HLWLJ OHHUHQ RGHU EHL 6W|UXQJHQJHJHEHQHQIDOOVHLQJUHLIHQ]XN|QQHQ

E

$UEHLWVVLFKHUKHLW(UJRQRPLH 1HEHQGHU$QSDVVXQJDQUlXPOLFKH*HJHEHQKHLWHQPXVVEHLGHU*HVWDO WXQJ YRQ (QGVWHOOHQ IU HLQH PDQXHOOH (QWQDKPH GHV 6RUWLHUJXWHV DXI EHVRQGHUH VLFKHUKHLWVWHFKQLVFKH XQG HUJRQRPLVFKH $QIRUGHUXQJHQ JH DFKWHW ZHUGHQ $OV 6FKQLWWVWHOOH ]XP 3DFNEHUHLFK XQWHUOLHJHQ VLH GHQ JOHLFKHQ*HVWDOWXQJVULFKWOLQLHQZLHGLH3DFNDUEHLWVSOlW]H

1HEHQGHQEHUHLWVHUZlKQWHQ$VSHNWHQZHLWHUHZLFKWLJH$QIRUGHUXQJHQ]X EHUFNVLFKWLJHQGLHDXFKIUGDV*HVDPWV\VWHP$QZHQGXQJILQGHQ

E

.RVWHQ 'HU .RQVWUXNWLRQV XQG (QWZLFNOXQJVEHUHLFK WUlJW LQ GHU ,QGXVWULH ELV ]X  3UR]HQW GHU .RVWHQYHUDQWZRUWXQJ XQG EHVWLPPW ZHVHQWOLFK GLH .RVWHQ IU )HUWLJXQJ 0RQWDJH XQG %HWULHE HLQHU $QODJH >%52@ *OHLFK]HLWLJ VLQG QLHGULJH .RVWHQ LG5 GLH REHUVWH 3ULRULWlW EHL GHU *HVWDOWXQJ YRQ (QGVWHOOHQ :HQQ GDV .RVWHQQLYHDX ELV ]X HLQHP *UHQ]ZHUW YRUEHVWLPPW LVW EHVFKUlQNW VLFK GLH $XVZDKO GHU P|JOLFKHQ WHFKQLVFKHQ /|VXQJHQ (V LVW DXI MHGHQ )DOO HLQH ]ZHFNPl‰LJH *HVWDO WXQJ LP +LQEOLFN DXI GLH :LUWVFKDIWOLFKNHLW DQ]XVWUHEHQ ,Q GLHVHP =X VDPPHQKDQJ VLQG GLH HQWVWHKHQGHQ )HUWLJXQJV 0RQWDJH 7UDQVSRUW XQG,QEHWULHEQDKPHNRVWHQ]XEHUFNVLFKWLJHQ

E

,QVWDQGKDOWXQJVXQG5HSDUDWXUDXIZDQG (LQH GHU ZLFKWLJVWHQ DOOJHPHLQ JOWLJHQ *HVWDOWXQJVUHJHOQ LVW GLH 0LQL PLHUXQJ GHV ,QVWDQGKDOWXQJV XQG 5HSDUDWXUDXIZDQGHV XQG GHU GDUDXV UHVXOWLHUHQGHQ .RVWHQ +LHU]X JHK|UHQ HLQH JXWH =XJlQJOLFKNHLW HLQH EHUVLFKWOLFKH *HVWDOWXQJ XQG UHFKQHUJHVWW]WH hEHUZDFKXQJVV\VWHPH GLH IUK]HLWLJ DXI )HKOHU XQG 6W|UXQJHQ PLW JHQDXHU 2UWVDQJDEH XQG )HKOHUEHVFKUHLEXQJUHDJLHUHQ



E

'LH7HFKQLN

(LQIDFKKHLW $OV *UXQGUHJHO EHL GHU *HVWDOWXQJ LVW GDV WHFKQLVFKH *HELOGH HLQGHXWLJ XQG HLQIDFK ]X NRQVWUXLHUHQ 8QWHU (LQGHXWLJNHLW LQ GLHVHP =XVDPPHQ KDQJYHUVWHKWPDQGDVVGLH:LUNXQJXQGGDV9HUKDOWHQGHVWHFKQLVFKHQ *HELOGHVLQVEHVRQGHUHDXFKGDV(UIOOHQGHUWHFKQLVFKHQ)XQNWLRQNODU XQG JXW HUNHQQEDU YRUDXV]XVDJHQ VLQG 'LH ]X EHUFNVLFKWLJHQGH :LUW VFKDIWOLFKNHLW HUIRUGHUW IDVW LQ MHGHP )DOO HLQH (LQIDFKKHLW GHU *HVWDO WXQJ(LQHHLQIDFKJHVWDOWHWH(QGVWHOOHEHVLW]WZHQLJ]XVDPPHQJHVHW]WH EHUVLFKWOLFKJHVWDOWHWH)RUPHQGLHGHQ)HUWLJXQJV.RQVWUXNWLRQVXQG %DXDXIZDQGJHULQJKDOWHQ

E

9HUIJEDUNHLW 'LH9HUIJEDUNHLWHUODQJWHLQH]XQHKPHQGH%HGHXWXQJ'LH]XJHVLFKHU WH WHFKQLVFKH 9HUIJEDUNHLW NDQQ LP 5DKPHQ HLQHU $EQDKPH XQG LP %HWULHE EHUSUIW ZHUGHQ 'LH 9HUIJEDUNHLW Ș LVW GLH :DKUVFKHLQOLFK NHLW LQ 3UR]HQW GLH $QODJH LP IXQNWLRQVIlKLJHQ =XVWDQG YRU]XILQGHQ ZREHL GHU Ä)XQNWLRQVIlKLJH =XVWDQG³ QLFKW HLQGHXWLJ LVW VRQGHUQ YHU WUDJOLFKIL[LHUWZHUGHQPXVV'HUNXU]IULVWLJUHSDULHUWH$XVIDOOHLQHV$Q WULHEV VWHOOW ]XP %HLVSLHO VRIHUQ GLH LQVWDOOLHUWHQ 3XIIHU GLHVHQ $XVIDOO EHUEUFNHQ NRQQWHQ NHLQHQ IXQNWLRQVXQIlKLJHQ $QODJHQ]XVWDQG GDU XQG EHHLQIOXVVW GDKHU QLFKW GLH 9HUIJEDUNHLW ,Q GLH 6\VWHPYHUIJEDU NHLWVSLHOHQGDPLWQHEHQGHUWHFKQLVFKHQ9HUIJEDUNHLWDXFKGDVJHVDP WH $QODJHQOD\RXW GLH %HWULHEVZHLVH XVZ KLQHLQ 'DKHU VLQG 3URJQRVH ZHUN]HXJHIUGLH6\VWHPYHUIJEDUNHLWQRWZHQGLJXPGLHVHEHUHLWVEHL GHU3ODQXQJEHUSUIHQ]XN|QQHQ>-R%@

E

6LFKHUKHLW 'DUXQWHU VLQG GLH +DOWEDUNHLW %DXVLFKHUKHLW  GLH =XYHUOlVVLJNHLW )XQNWLRQVVLFKHUKHLW  GLH 8QIDOOIUHLKHLW $UEHLWVVLFKHUKHLW  XQG 8P ZHOWVFKXW]$VSHNWH8PZHOWVLFKHUKHLW ]XYHUVWHKHQ

E

*HUlXVFKDUPXW 'LH *HUlXVFKEHODVWXQJ KDW VLFK PLWWOHUZHLOH DOV HLQHV GHU ZLFKWLJVWHQ .ULWHULHQ EHL 9HUJOHLFK XQG $XVZDKO GHU WHFKQLVFKHQ /|VXQJHQ GXUFK JHVHW]W%HVRQGHUVEHLGHU*HVWDOWXQJYRQDQJHWULHEHQHQXQGQLFKWDQJH WULHEHQHQ 5ROOHQEDKQHQ LVW HLQH HIIHNWLYH *HUlXVFKPLQGHUXQJWHFKQLVFK QXU VFKZHU ]X UHDOLVLHUHQ $OV 0LQGHVWDQIRUGHUXQJHQ JHOWHQ GLH WHFKQL VFKHQ

*UHQ]ZHUWH

IU

*HUlXVFKEHODVWXQJ

GHV

%XQGHV,PPLVVLRQV

VFKXW]JHVHW]HV 'HU /lUP ZLUG LQ GLHVHP )DOO QDFK GHU Ä7HFKQLVFKHQ $QOHLWXQJ ]XP 6FKXW] JHJHQ /lUP³  7$ /lUP  >%XQ@ EHXUWHLOW 'LH ,PPLVVLRQVULFKWZHUWH IU GHQ %HXUWHLOXQJVSHJHO LQQHUKDOE YRQ *HElX GHQ EHWUDJHQ ODXW GLHVHU 9HUZDOWXQJVYRUVFKULIW G%$  WDJV XQG G%$  QDFKWV (LQ]HOQH NXU]]HLWLJH *HUlXVFKVSLW]HQ GUIHQ GLH ,P PLVVLRQVULFKWZHUWHXPQLFKWPHKUDOVG%$ EHUVFKUHLWHQ

$QWULHEGHU4XHUJXUWH



$QWULHEGHU4XHUJXUWH

'LH $XVZDKO GHV $QWULHEVSULQ]LSV IU GLH *XUWH EHLP 4XHUJXUWVRUWHU XQG GLH *HVWDOWXQJ GHV $QWULHEV LVW ZHJHQ GHU PHKUHUH KXQGHUW :DJHQ XPIDV VHQGH /lQJH GHV 9HUWHLOI|UGHUHUV HLQH (QWVFKHLGXQJ GLH .RVWHQ XQG )XQNWLRQDOLWlW GHV *HVDPWV\VWHPV GHXWOLFK EHHLQIOXVVW $OV $QWULHEH ZHU GHQ5HLEUDGRGHU(OHNWURDQWULHEHHLQJHVHW]W %HLP 5HLEUDGDQWULHEV$EE ZLUGDQGHU(QGVWHOOHEHUVWDWLRQlU PRQWLHUWH6FKLHQHQXQGHLQHQHQWVSUHFKHQGJHVHW]WHQ6FKDOWHUHLQ5HLEUDG DQJHWULHEHQ 'LH DXV GHU %HZHJXQJ GHV )|UGHUPLWWHOV EHU GDV 5HLEUDG JHZRQQHQHPHFKDQLVFKH(QHUJLHZLUG]XP*XUWDQWULHEYHUZHQGHW

D 

E 

$EE *XUWDQWULHE GXUFK 5HLEUDG D  9RUGHUDQVLFKW E  6HLWHQDQVLFKW 4XHOOH ,QWHUUROO>'UR@

'HU EHU GDV =XJPLWWHO   DQJHWULHEHQH )DKUZDJHQ   EHVLW]W HLQ ]HQWUD OHV5HLEUDG $QGHU$XVVFKOHXVSRVLWLRQZLUGMHQDFKJHZQVFKWHU(QG VWHOOH GLH OLQNH RGHU UHFKWH 5HLEVFKLHQH HLQJHVFKZHQNW XQG GDV 5HLEUDG LQ 'UHKXQJYHUVHW]WhEHUGDVLPUHFKWHQ7HLOGHU$EELOGXQJJH]HLJWH.HJHO UDGJHWULHEH ZLUG GLH 'UHKEHZHJXQJ DXI GHQ *XUW EHUWUDJHQ 'LH /lQJH GHU 5HLEVFKLHQH XQG GLH hEHUVHW]XQJHQ EHVWLPPHQ GLH *XUWEHZHJXQJ 'LHVH/|VXQJVSDUWLP9HUJOHLFK]XGHQHOHNWULVFKHQ*XUWDQWULHEHQ.RVWHQ IU GLH 0RWRUHQ XQG GLH (QHUJLHEHUWUDJXQJ (LQVFKUlQNHQG VLQG GLH EH JUHQ]WH )|UGHUJHVFKZLQGLJNHLW XQG IU HLQLJH (LQVDW]IlOOH GLH YRQ GHU %HZHJXQJGHV)|UGHUPLWWHOVDEKlQJLJH*XUWEHZHJXQJ]XVHKHQ ,QVEHVRQGHUH IU 6RUWLHUV\VWHPH PLWWOHUHU /HLVWXQJ VWHOOW GHU PHFKDQL VFKH $QWULHE HLQH LQWHUHVVDQWH $OWHUQDWLYH ]X GHQ HOHNWULVFKHQ *XUWDQWULH EHQ GDU GLH DOOHUGLQJV HLQH ZHLWDXV K|KHUH 9HUEUHLWXQJ KDEHQ XQG GDKHU DOV6WDQGDUGIUGHQ*XUWDQWULHEDQ]XVHKHQVLQG %HLP HOHNWULVFKHQ $QWULHE KDW MHGHU *XUWI|UGHUHU HLQHQ HLJHQHQ HOHNWUL VFKHQ $QWULHEVPRWRU 'LH (QHUJLHEHUWUDJXQJ HUIROJW EHU 6FKOHLIOHLWXQ



'LH7HFKQLN

JHQ ]XQHKPHQG DXFK EHU EHUKUXQJVORVH (QHUJLHEHUWUDJXQJVV\VWHPH VDXFK $EVFKQ   'LH IROJHQGH $EELOGXQJ  ]HLJW GHQ $XIEDX HLQHV )DKUZDJHQV PLW HOHNWULVFKHP *XUWDQWULHE EHUKUXQJVORV (QHUJLH EHUWUDJXQJXQGGHU5HDNWLRQVVFKLHQHIUGHQ(LQVDW]YRQ/LQHDUPRWRUHQ 0DQ VLHKW ZLH JXW VLFK GLH .RPSRQHQWHQ ]X HLQHP NRPSDNWHQ $XIEDX LQ GHQ9HUWHLOI|UGHUHULQWHJULHUHQODVVHQ

$EE(OHNWULVFKHU *XUWDQWULHE4XHOOH%(80(5 

(QHUJLHEHUWUDJXQJVV\VWHPH

'LH1RWZHQGLJNHLWGHU(QHUJLHEHUWUDJXQJDXIEHZHJWH(OHPHQWHHQWVWHKW KDXSWVlFKOLFK EHL GHQ 4XHUJXUWVRUWHUQ ]XP $QWULHE GHU *XUWI|UGHUHU XQG EHLGHQ.LSSVFKDOHQVRUWHUQPLWHOHNWULVFKHP.LSSDQWULHE

0HFKDQLVFKH6\VWHPH

%HL PHFKDQLVFKHQ 6\VWHPHQ ZLUG HQWZHGHU EHU HLQ 5HLEUDGJHWULHEH HLQ *HQHUDWRU GXUFK GLH +DXSWI|UGHUEHZHJXQJ JHWULHEHQ RGHU HV HUIROJW HLQ UHLQ PHFKDQLVFKHU $QWULHE EHU JHHLJQHWH hEHUWUDJXQJVPHFKDQLVPHQ $OV %HLVSLHO KLHUIU GLHQW GHU EHUHLWV YRUJHVWHOOWH 5HLEUDGDQWULHE $OWHUQDWLY ZLUG DQVWHOOH GHV *XUWHV HLQ *HQHUDWRU DQJHWULHEHQ GHU GLH HOHNWULVFKH (QHUJLH IU GHQ HOHNWULVFKHQ $QWULHE HU]HXJW :LUG HLQH 3XIIHUEDWWHULH PLWJHIKUW NDQQ GHU *HQHUDWRU XQDEKlQJLJ YRQ HUIRUGHUOLFKHQ *XUWEHZH JXQJHQ (QHUJLH HU]HXJHQ XQG GHU *XUW GDQQ VR JHVWHXHUW ZHUGHQ ZLH HV

(QHUJLHEHUWUDJXQJVV\VWHPH

HLQH RSWLPLHUWH (LQ XQG $XVVFKOHXVXQJ HUIRUGHUQ 'LH 3XIIHUEDWWHULHQ IKUHQ LKUHUVHLWV DEHU ZLHGHU ]X K|KHUHQ *HZLFKWHQ XQG .RVWHQ 'LH ZHLW HQWZLFNHOWHQ 0|JOLFKNHLWHQ ]XU hEHUWUDJXQJ HOHNWULVFKHU (QHUJLH KDEHQ GDKHU GLH %HGHXWXQJ PHFKDQLVFKHU (QHUJLHEHUWUDJXQJVV\VWHPH VWDUN UHGX]LHUW

6FKOHLIOHLWXQJHQ

=XU (QHUJLHYHUVRUJXQJ PRELOHU 9HUEUDXFKHU ZHUGHQ KHXWH LP :HVHQWOL FKHQ 6FKOHLIOHLWXQJVV\VWHPH 6FKOHSSNDEHO .DEHONHWWHQ XQG .DEHOWURP PHOQ YHUZHQGHW )U GLH 9HUWHLOI|UGHUHU PLW LKUHQ JUR‰HQ 9HUIDKUZHJHQ VLQG GLH OHW]WHQ GUHL JHQDQQWHQ 6\VWHPH QLFKW JHHLJQHW VR GDVV IU GLH (QHUJLH XQG 'DWHQEHUWUDJXQJ QHEHQ GHU EHUKUXQJVORVHQ 9DULDQWH V$EVFKQ DXVVFKOLH‰OLFK6FKOHLIOHLWXQJVV\VWHPHLQ)UDJHNRPPHQ +HXWLJH /|VXQJHQ EHVWHKHQ DXV HLQHU NXQVWVWRIIXPPDQWHOWHQ EHUKUXQJV JHVFKW]WHQ 6WURPVFKLHQH XQG HLQHP 6WURPDEQHKPHU ZLH LQ $EE  GDUJHVWHOOW 'HU 6WURPDEQHKPHU ZLUG IHGHUEHODVWHW DQ GLH .XSIHUVFKLHQH LQQHUKDOE GHU .XQVWVWRIIXPPDQWHOXQJ JHGUFNW XQG HUP|JOLFKW VR HLQH EHUKUXQJVJHVFKW]WH6WURPEHUWUDJXQJDXIEHZHJWH6\VWHPH

$EE6FKOHLIOHLWXQJVV\VWHP>9DK@

(V JLEW XQWHUVFKLHGOLFKH $XVIKUXQJHQ 1HEHQ GHU LQ $EE  JH]HLJWHQ $XVIKUXQJ PLW WKHRUHWLVFK EHOLHELJ YLHOHQ SDUDOOHO DQJHRUGQHWHQ (LQ]HO VWURPOHLWHUQ JLEW HV HEHQVR 8I|UPLJH 8PPDQWHOXQJHQ PLW ELV ]X VLHEHQ RGHUDXFK]HKQLQWHJULHUWHQ.XSIHUOHLWHUQ 'LH HOHNWULVFKHQ 6SDQQXQJHQ JHKHQ W\SLVFK ELV ]X  9 GLH 6WURPEH ODVWEDUNHLWHQELV]X$3UR6WURPDEQHKPHUN|QQHQELV]X$DEJH QRPPHQ ZHUGHQ VR GDVV IU GLH LQ GHQ )DKUZDJHQ GHU 6RUWLHUV\VWHPH EHQ|WLJWHQ(QHUJLHQUHLFKOLFK5HVHUYHQYRUKDQGHQVLQG 'LH PD[LPDOHQ )DKUJHVFKZLQGLJNHLWHQ GHU 6FKOHLIOHLWXQJVV\VWHPH OLH JHQ PLW  PV DQ GHU *UHQ]H HLQLJHU 6RUWLHUV\VWHPH GLH PLW GUHL RGHU GUHLHLQKDOE 0HWHUQ SUR 6HNXQGH IDKUHQ :HLWHUKLQ HQWVWHKHQ GXUFK GLH



'LH7HFKQLN

5HLEXQJ GHU .RKOHQ DXI GHQ .XSIHUOHLWHUQ LQVEHVRQGHUH DQ GHQ 6WR‰VWHO OHQ 5HLEXQJVYHUOXVWH VRZLH )XQNHQIOXJ XQG $EULHE 'DKHU VHW]W PDQ VHLW GHU LQGXVWULHOOHQ (LQIKUXQJ EHUKUXQJVORVHU (QHUJLH XQG 'DWHQEHUWUD JXQJVV\VWHPH (QGH GHU QHXQ]LJHU -DKUH DXFK EHL GHQ 6RUWLHUV\VWHPHQ YHUPHKUWEHUKUXQJVORVH(QHUJLHEHUWUDJXQJVV\VWHPHHLQVHW]W

%HUKUXQJVORVH(QHUJLHEHUWUDJXQJ

3ULQ]LSLHOO EHVWHKW IU DOOH 6\VWHPH LQ GHU )|UGHUWHFKQLN LQ GHQHQ ELVKHU 6FKOHLIOHLWHUHLQJHVHW]WZXUGHQGLH0|JOLFKNHLWEHUKUXQJVORV(QHUJLH]X EHUWUDJHQ 6ROFKH 6\VWHPH VLQG QHEHQ GHQ 6RUWLHUDQODJHQ DXFK .UDQDQODJHQ ( OHNWURKlQJHEDKQV\VWHPH5HJDOEHGLHQJHUlWHRGHU%RGHQWUDQVSRUWV\VWHPH +LHUEHL ZLUG GLH (QHUJLH QDFK GHP ,QGXNWLRQVSULQ]LS EHUWUDJHQ lKQ OLFK HLQHP 7UDQVIRUPDWRU %HL HLQHP 7UDQVIRUPDWRU QDFK $EE D EHILQGHQVLFKGLH3ULPlUXQG6HNXQGlUZLFNOXQJDXIHLQHPJHPHLQVDPHQ JHVFKORVVHQHQIHUURPDJQHWLVFKHQ.HUQ'LHVH$QRUGQXQJHUP|JOLFKW]ZDU HLQHQ KRKHQ :LUNXQJVJUDG OlVVW DEHU NHLQH 5HODWLYEHZHJXQJ GHU :LFN OXQJHQ]X %HL EHUKUXQJVORVHQ (QHUJLHEHUWUDJXQJVV\VWHPHQ ZLUG GLH 3ULPlU ZLFNOXQJHQWODQJGHU%HZHJXQJVEDKQ JHVWUHFNWXQGGLH6HNXQGlUZLFNOXQJ ZLUG DXI HLQHP RIIHQHQ IHUURPDJQHWLVFKHQ .HUQ JHZLFNHOW GHU GLH 3UL PlUZLFNOXQJXPVFKOLH‰WV$EEE 

D 

E 

$EE )XQNWLRQVSULQ]LS GHU EHUKUXQJVORVHQ (QHUJLHEHUWUDJXQJ D  KHU N|PPOLFKHU7UDQVIRUPDWRUE EHUKUXQJVORVH(QHUJLHEHUWUDJXQJ4XHOOH9DKOH

(QHUJLHEHUWUDJXQJVV\VWHPH

'HU :LUNXQJVJUDG VWHLJW PLW ]XQHKPHQGHU hEHUWUDJXQJVIUHTXHQ] 'DKHU ZLUG DP (LQJDQJ DXV GHU 'UHLSKDVHQZHFKVHOVSDQQXQJ HLQH (LQSKDVHQ ZHFKVHOVSDQQXQJ PLW KRKHU )UHTXHQ] HU]HXJW ,Q GHP PRELOHQ 6HNXQGlU NUHLV NDQQ GLH PLW KRKHU )UHTXHQ] LQGX]LHUWH 6SDQQXQJ LQ EHOLHELJH GHQ (UIRUGHUQLVVHQ GHV 9HUEUDXFKHUV HQWVSUHFKHQGH :HFKVHO RGHU *OHLFK VSDQQXQJHQXPJHZDQGHOWZHUGHQ *HJHQEHU KHUN|PPOLFKHQ (QHUJLHEHUWUDJXQJVV\VWHPHQ ZLH 6WURP VFKLHQHQ .DEHOUDXSHQ XQG 6FKOHLIOHLWXQJHQ HUJHEHQ VLFK EHL GHU EHUK UXQJVORVHQ 7HFKQLN 9RUWHLOH GXUFK GLH 9HUVFKOHL‰ XQG GDPLW :DUWXQJV IUHLKHLW XQG GLH GDPLW YHUEXQGHQH KRKH $QODJHQYHUIJEDUNHLW 'XUFK GHQ IHKOHQGHQ PHFKDQLVFKHQ .RQWDNW WULWW HLQH JHULQJH /lUPHQWZLFNOXQJ DXI XQGHVN|QQHQLQVJHVDPWK|KHUH*HVFKZLQGLJNHLWHQHUUHLFKWZHUGHQ 'XUFK HLQH HQWVSUHFKHQGH $XVOHJXQJ GHV /XIWVSDOWV ]ZLVFKHQ GHU 6H NXQGlUVSXOH XQG GHU 3ULPlUZLFNOXQJ NDQQ HLQH KRKH )DKUZHJVWROHUDQ] DXFK XQWHU HUVFKZHUHQGHQ 8PZHOWEHGLQJXQJHQ ZLH 6WDXE :DVVHU (LV XVZHUUHLFKWZHUGHQ -HQDFK$QZHQGXQJZHUGHQGLH3ULPlUOHLWHUXQWHUVFKLHGOLFKYHUOHJWXQG GLH6HNXQGlUVSXOHQYHUVFKLHGHQDXVJHELOGHW:lKUHQGEHL%RGHQWUDQVSRUW V\VWHPHQGLH3ULPlUOHLWHULQHLQHP.XQVWVWRIISURILOLP %RGHQYHUOHJWZHU GHQ XQG GLH 6HNXQGlUVSXOHQ HLQH UHFKWHFNLJH )RUP DXIZHLVHQ LVW EHL ( OHNWURKlQJHEDKQHQ .UDQHQ XQG 9HUWHLOI|UGHUHUQ GHU 3ULPlUOHLWHU ZHLWJH KHQG RIIHQ YHUOHJW XQG ZLUG GXUFK GLH 6HNXQGlUVSXOH NDPPDUWLJ XP VFKORVVHQZLHHVLQ$EEGDUJHVWHOOWLVW =XVlW]OLFK ]XU (QHUJLHEHUWUDJXQJ ELHWHW GHU (LQVDW] GLHVHU 7HFKQLN GLH 0|JOLFKNHLWGHU'DWHQEHUWUDJXQJXQG3RVLWLRQVHUIDVVXQJE]Z3RVLWLRQLH UXQJ +LHUEHL ZLUG LQ GHQ 3ULPlUOHLWHU HLQH 7UlJHUIUHTXHQ] HLQJHNRSSHOW DXIGLHGDV'DWHQVLJQDODXIPRGXOLHUWZLUG

D 

E

$EE$XVIKUXQJHQGHU(QHUJLHEHUWUDJXQJD %RGHQNRQWDNW E 86FKLHQH



'LH7HFKQLN

 $XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH

'LH *UXQGODJH PRGHUQHU +RFKOHLVWXQJVVRUWLHUXQJ VLQG DXWRPDWLVFKH ,GHQ WLILNDWLRQVV\VWHPH GHUHQ $QIRUGHUXQJHQ PLW VWHLJHQGHU 6RUWLHUOHLVWXQJ HEHQIDOOV ]XQHKPHQ $OOH YHUWHLO XQG HQWJHOWUHOHYDQWHQ 'DWHQ PVVHQ DXWRPDWLVFK VFKQHOO XQG IHKOHUIUHL HUNDQQW ZHUGHQ :HLWHUKLQ PXVV HLQH SHUPDQHQWH.HQQWQLVGHU*XWSRVLWLRQHQLP6\VWHPJHZlKUOHLVWHWVHLQ$XV GLHVHQ*UQGHQNRPPWGHU,GHQWLILNDWLRQVWHFKQLNHLQHKRKH%HGHXWXQJ]X 5HOHYDQWH3DUDPHWHUIUGLH,GHQWLILNDWLRQLQ6RUWLHUV\VWHPHQVLQGGLH IROJHQGHQ

E«

GDV6RUWLHUJXW%UHLWH+|KH/lQJH)RUP 'LH %DQGEUHLWH GHV 6RUWLHUJXWV LVW WHLOZHLVH VHKU XPIDQJUHLFK (V XQWHU VFKHLGHW VLFK QLFKW QXU KLQVLFKWOLFK GHU $EPHVVXQJHQ VRQGHUQ DXFK LQ GHU)RUP:HLWHUKLQLVWGLH$Q]DKOXQGGLH3RVLWLRQGHU]XOHVHQGHQ,Q IRUPDWLRQHQVHKUXQWHUVFKLHGOLFKXQGNDQQ]XP7HLODXIHLQHURGHUPHK UHUHQYRQVHFKVP|JOLFKHQ6HLWHQHLQHV6RUWLHUJXWVDQJHEUDFKWVHLQ

E«

GHU6RUWHU%DKQEUHLWH)|UGHUJHVFKZLQGLJNHLW 'LH ]X LGHQWLIL]LHUHQGHQ *WHU N|QQHQ VLFK SULQ]LSLHOO DQ MHGHU 6WHOOH HQWODQJ GHU %UHLWH GHU 6RUWHUEDKQ EHILQGHQ XQG PVVHQ GRUW ORNDOLVLHUW XQGHUNDQQWZHUGHQ(VVLQG%DKQEUHLWHQYRQW\SELVPP]X EHUFNVLFKWLJHQ 'LH )|UGHUJHVFKZLQGLJNHLW ZLUNW VLFK GLUHNW DXI GLH QRWZHQGLJH /HVHJHVFKZLQGLJNHLW DXV XQG NDQQ ]ZLVFKHQ PV XQG PVEHLPRGHUQHQ.LSSVFKDOHQVRUWHUQELV]XPVEHWUDJHQ

E«

GHU'DWHQWUlJHU%DUFRGH'' ,QGHURSWLVFKHQ,GHQWLILNDWLRQGRPLQLHUWGHUNODVVLVFKHHLQGLPHQVLRQDOH %DUFRGH1HXHUH]ZHLGLPHQVLRQDOH&RGHDUWHQZLH6WDSHOFRGHXQG0DW UL[FRGHVVLQGGHU]HLWLQQRFKZHQLJHUDOVGHU$QZHQGXQJHQ]XILQ GHQ2&52SWLFDO&KDUDFWHU5HFRJQLWLRQ .ODUVFKULIWOHVXQJXQG5)O' 5DGLR)UHTXHQF\,GHQWLILNDWLRQ KDEHQGHU]HLWHLQHQRFKXQWHUJHRUGQH WH %HGHXWXQJ LQ GHU 6RUWLHUWHFKQLN ,QVEHVRQGHUH GLH DXI SDVVLYHQ 7UDQVSRQGHUQ EDVLHUHQGH 5),'7HFKQRORJLH ZHLVW KlXILJ QRFK ]X KRKH /DWHQ]]HLWHQ IU GLH $QVWHXHUXQJ VFKQHOOHU 6RUWLHUWHFKQLN DXI YJO $EVFKQ 

E«

GLH/HVHWHFKQLN6FDQQHU&&'.DPHUD 'HP MHZHLOLJHQ 'DWHQWUlJHU HQWVSUHFKHQG VLQG KLHU ]ZHL 6\VWHPH ]X XQWHUVFKHLGHQ )U GHQ HLQGLPHQVLRQDOHQ %DUFRGH UHLFKHQ GLH /DVHU VFDQQHU XQG IU PHKUGLPHQVLRQDOH &RGHV VLQG DXI MHGHQ )DOO ]ZHLGL PHQVLRQDOH6HQVRUHQZLH]%&&'.DPHUDVQRWZHQGLJGLH]XGHPL$ LQ GHU /DJH VLQG QHEHQ GHQ ]ZHLGLPHQVLRQDOHQ &RGHV DXFK NRQYHQWLR QHOOH6WULFKFRGHV]XYHUDUEHLWHQ



E

$XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH

GLH'DWHQWHFKQLN6FKQLWWVWHOOHQ'DWHQEHUWUDJXQJ  ,QVEHVRQGHUH EHLGHQ&&'6\VWHPHQIDOOHQJUR‰H'DWHQPHQJHQDQGLH LQ HLQHP 5HFKQHU DXVJHZHUWHW ZHUGHQ +LHU VLQG OHLVWXQJVIlKLJH 6FKQLWWVWHOOHQ XQG 'DWHQEHUWUDJXQJVV\VWHPH XQG 'HFRGHU QRWZHQGLJ ,Q DNWXHOOHQ $SSOLNDWLRQHQ ZHUGHQ YLHOH 0HJDE\WH %LOGLQIRUPDWLRQHQ SUR 6HNXQGH EHUWUDJHQ XQG YHUDUEHLWHW 'LH *ODVIDVHUWHFKQRORJLH XQG PRGHUQH %LOGDQDO\VHV\VWHPH HUODXEHQ ]

 GLH hEHUWUDJXQJ XQG $XV

ZHUWXQJ YRQ 0HJDSL[HO 6FKZDU]:HL‰%LOGHUQ PLW HLQHU %LOGZHFK VHOIUHTXHQ]YRQPVYJO>%lU@  ,P 5DKPHQ GLHVHU $UEHLW OLHJW GHU )RNXV DXI GHQ LQ GHU 6RUWLHU XQG 9HU WHLOWHFKQLNEOLFKHQ,GHQWLILNDWLRQVV\VWHPHQ'DKHUZHUGHQKLHUDOV'DWHQ WUlJHU YRUUDQJLJGLH RSWLVFKHQ %DUFRGHV XQG GLH ]XJHK|ULJHQ /HVHV\VWHPH EHWUDFKWHW

'DWHQWUlJHU

%HL GHU $XVZDKO GHU %DUFRGHV LVW QHEHQ GHU /HVEDUNHLW DXFK GHU NRUUHV SRQGLHUHQGH$XVGUXFN]XEHDFKWHQ1HEHQGHU&RGLHUXQJ,QWHUOHDYHG &RGH  &RGH  «  JLEW HV ]ZHL ZHLWHUH HQWVFKHLGHQGH 3DUDPHWHU GLH 0RGXOEUHLWH [ ZHOFKH GLH %UHLWH GHV VFKPDOVWHQ %DONHQV UHSUlVHQWLHUW XQGGLH&RGHK|KH+GLHJOHLFKGHU%DONHQOlQJHLVW 'LH&RGHOlQJH/HUJLEWVLFKDXVGHP HLJHQWOLFKHQ&RGHLQNOXVLYH6WDUW XQG 6WRSS]HLFKHQ XQG HLQHU 3UI]LIIHU XQG GHQ UHFKWV XQG OLQNVVHLWLJHQ 5XKH]RQHQ 5 GLH L$ MHZHLOV GDV IDFKH GHU 0RGXOEUHLWH [ EHWUDJHQ VROOHQ'HU1XW]FRGHKlQJWYRQGHU=HLFKHQ]DKOXQGGHU,QIRUPDWLRQVGLFK WH GHU JHZlKOWHQ &RGLHUXQJ $Q]DKO GHU (OHPHQWH SUR =HLFKHQ  VRZLH GHU 0RGXOEUHLWH [ DE ,QVJHVDPW LVW ]X EHUFNVLFKWLJHQ GDVV GLH %DUFRGHNRV WHQPLWGHVVHQ*U|‰HVWHLJHQ>/HQ/HQ@

$EE%DUFRGHPLW%DUFRGHK|KH+5XKH]RQHQ5 XQG0RGXOEUHLWH[



'LH7HFKQLN

8P GHQ $XIZDQG LQ GHU &RGLHU XQG /HVHWHFKQLN ]X YHUULQJHUQ VROOWH VRIHUQ P|JOLFK HLQH 6WDQGDUGLVLHUXQJ HUIROJHQ ,Q GHU .(3%UDQFKH KDEHQVLFKLP/DXIHGHU=HLW4XDVLVWDQGDUGVJHELOGHWGLHDXIGDV3URGXNW VSHNWUXPXQGGDPLWDXFKDXIGHQ6RUWLHUSUR]HVVKLQRSWLPLHUWZXUGHQXQG VLFKDXIGHQ(LQVDW]YRQ/DVHUVFDQQHU]XU,GHQWLILNDWLRQNRQ]HQWULHUHQ %DVLHUHQG

DXI

KHXWLJHQ

'UXFNHUVWDQGDUGV

PLW

3XQNWHQPP

XQG

3XQNWHQPP EHL 0DWUL[GUXFNHUQ VRZLH W\S GSL ELV GSL EHL 7LQWHQVWUDKO XQG /DVHUGUXFNHUQ KDEHQ VLFK GUHL 0RGXOEUHLWHQ [ DOV 9LHO IDFKHV GLHVHU 'UXFNHUDXIO|VXQJHQ HWDEOLHUW [ XQG [

 PP [

 PP

  PP 'LH 0RGXOEUHLWHQ VLQG LQ $EE ]XP 9HUJOHLFK PLW

MHZHLOVGHPJOHLFKHQ,QIRUPDWLRQVLQKDOWJHJHQEHUJHVWHOOW

)

/

:

8

Q

L



'

R

D 

)

/

:

8

E 

Q

L



'

R

)

/

:

8

Q

L



'

R

F 

$EE hEOLFKH 0RGXOEUHLWHQ [ &RGHV\PERO ($1   D  

PP E 

PPF PP

'LH &RGHK|KH ZLHGHUXP LVW YRQ GHU )|UGHUJHVFKZLQGLJNHLW XQG GHU $E WDVWUDWHGHU6FDQQHUDEKlQJLJ(VPXVVJHZlKUOHLVWHWVHLQGDVVMHGHU&RGH EHU GLH JHVDPWH &RGHOlQJH PLQGHVWHQV HLQPDO YRP 6FDQQHU HUIDVVW ZLUG %HL HLQHU $EWDVWUDWH YRQ  6FDQVVHF ZLUG DOOH PV HLQH /LFKWVSXU HU ]HXJW %HL PV EHWUlJW GHU 6FDQOLQLHQDEVWDQG DXI GHP )|UGHUJXW EHUHLWV PP 0LW ]XQHKPHQGHU )|UGHUJHVFKZLQGLJNHLW XQG 0RGXOEUHLWH PXVV DOVR HQWZHGHU GLH &RGHK|KH RGHU GLH $EWDVWUDWH VWHLJHQ $EE ]HLJW HLQH*UDILNGHU)LUPD'DWDORJLFGLHGLH=XVDPPHQKlQJH]ZLVFKHQ&RGH K|KH +  )|UGHUJHVFKZLQGLJNHLW Y  $EWDVWUDWH XQG 0RGXOEUHLWH [  DXI ]HLJW =XQlFKVW HUNHQQW PDQ IU DOOH 0RGXOEUHLWHQ GDVV PLW ]XQHKPHQGHU )|UGHUJHVFKZLQGLJNHLW GLH QRWZHQGLJH &RGHK|KH VWHLJW



 0LW ]XQHKPHQ

GHU0RGXOEUHLWHEHLNRQVWDQWHU*HVFKZLQGLJNHLWPXVVGLH&RGHK|KHHEHQ IDOOVVWHLJHQ0LWVWHLJHQGHU6FDQJHVFKZLQGLJNHLWNDQQGLH&RGHK|KHZLH GHU DEQHKPHQ GD GLH QRWZHQGLJHQ ,QIRUPDWLRQHQ DXI HLQHU NU]HUHQ 6WUHFNHHUIDVVWZHUGHQN|QQHQ



 (LQ %DUFRGHZLUG L$ VHQNUHFKW ]XU )|UGHUULFKWXQJ DQJHEUDFKW XQG DEJHWDVWHW VR GDVV GLH /LQLHQ LQ )|UGHUULFKWXQJ RULHQWLHUW VLQG 'DKHU PXVV GLH +|KH GHV 6WULFKFRGHV SURSRUWLRQDO ]XU )|UGHUJHVFKZLQGLJNHLW HUK|KW ZHUGHQ XP HLQH VL FKHUH/HVXQJLQ YRUJHJHEHQHU6FDQ =HLW]X JHZlKUOHLVWHQ



$XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH

$EE&RGHK|KHQ>/HQ@

:HLWHUKLQ VLQG QHEHQ GHQ 'DWHQ IU /DVHUVFDQQHU DXFK GLH 'DWHQ IU HLQ &&'6\VWHP EHWUDFKWHW ZRUGHQ +LHU VLQG JHVFKZLQGLJNHLWVXQDEKlQJLJ ZHLWDXV JHULQJHUH &RGHK|KHQ YRQ XQWHU PP P|JOLFK GD GDV HQWVSUH FKHQGH %LOG DXI HLQPDO EHU GLH ]DKOUHLFKHQ 6HQVRUHQ GHV &&'$UUD\V DXIJHQRPPHQ ZLUG )U

&&'6HQVRUHQ VLQG GLH PD[ %LOGZHFKVHOIUH

TXHQ] GLH %HOHXFKWXQJ XQG GLH %HZHJXQJVXQVFKlUIH HQWVFKHLGHQGH )DN WRUHQ]XU%HVWLPPXQJGHUPLQLPDOHQ&RGHK|KHXQG±EUHLWHVX 

/HVHWHFKQLN

'LH $XVZDKO GHU /HVHWHFKQLN HUIROJW QDFK GHQ +DXSWNULWHULHQ $EWDVWUDWH RSWLVFKH $XIO|VXQJ XQG /HVHEHUHLFK 7LHIHQVFKlUIH /HVHEUHLWH PLW HLQHP 6WUDKORGHU/HVHNUHX] 'LHNRQNXUULHUHQGHQ7HFKQRORJLHQVLQGGLH/DVHU XQGGLH6HQVRUWHFKQLNGLHLQ7DEHOOHJHJHQEHUJHVWHOOWVLQG

7DEHOOH.HQQZHUWHYRQ6FDQQHUV\VWHPHQ

.HQQZHUW

/DVHU6FDQQHU

6HQVRU6FDQQHU' '

$EWDVWUDWH

ELV6FDQVV

ELV6FDQVV

RSWLVFKH$XIO|VXQJ

ELVPP

ELVPP

DEJHGHFNWH%DKQEUHLWH

ELVPP

ELVPP

EHL&RGHEUHLWH PP

ELVPP

ELVPP

EHL&RGHEUHLWH PP

ELVPP

ELVPP

7LHIHQVFKlUIH

/HVHDEVWDQG EHL&RGHEUHLWH PP EHL&RGHEUHLWH PP &RGH

 ELVPP ELVPP '&RGHV

'&RGHV'&RGHV 3')'DWDPDWUL[0D[L FRGH« 3RVWDOFRGHV 3RVWQHW3ODQHW6WDWH 



'LH7HFKQLN

'LH *HJHQEHUVWHOOXQJ HUODXEW PLW HLQLJHQ W\SLVFKHQ .HQQZHUWHQ YHU VFKLHGHQHU+HUVWHOOHUHLQHQJUREHQ9HUJOHLFKEHLGHU7HFKQRORJLHQ

/DVHUVFDQQHU

%HL GHU $XVZDKO XQG ,QVWDOODWLRQ GHV 6FDQQHUV LVW LQVEHVRQGHUH GHU /HVH EHUHLFK ]X EHUFNVLFKWLJHQ 'DV LVW GHU %HUHLFK LQ GHP HLQ &RGH HLQHU EHVWLPPWHQ 0RGXOEUHLWH VLFKHU JHOHVHQ ZHUGHQ NDQQ =XP EHVVHUHQ 9HU VWlQGQLV GLHVHU =XVDPPHQKlQJH LVW GLH )XQNWLRQVZHLVH HLQHV 6FDQQHUV ]X EHUFNVLFKWLJHQ (LQ /DVHU V $EE   HU]HXJW HLQHQ VFKDUI JHEQ GHOWHQ/LFKWVWUDKOGHUDXIHLQDXVPHKUHUHQ6SLHJHOQEHVWHKHQGHVURWLHUHQ GHV 3RO\JRQUDG   WULIIW 'XUFK GLH 'UHKEHZHJXQJ GHV 5DGHV XQG GLH 5HIOH[LRQ DQ GHQ HLQ]HOQHQ 6SLHJHOHOHPHQWHQ ZLUG GHU /DVHUVWUDKO VWHWV LQ HLQHU(EHQHDEJHOHQNW ,Q GHU /HVHHEHQH   HQWVWHKW GDGXUFK HLQ VWlQGLJ ZDQGHUQGHU /LFKWSXQNW HQWODQJHLQHU/LQLH%HILQGHWVLFKHLQ6WULFKFRGHLQGHU/HVHHEHQHZHUGHQ GLH 6WULFKH XQG /FNHQ YRP ZDQGHUQGHQ /LFKWSXQNW EHUVWULFKHQ 'LH 5HIOH[LRQDQGHQGXQNOHQ6WULFKHQLVWJHULQJHUDOVDQGHQKHOOHQ/FNHQ

$EE)XQNWLRQVELOGHLQHV/DVHUVFDQQHUV

(LQ 7HLO GHV DXI GHP 6WULFKFRGH UHIOHNWLHUWHQ /LFKWHV JHODQJW GXUFK GDV $XVWULWWVIHQVWHU ]XUFNDXIGDV3RO\JRQUDG9RQGRUWWULIIWHVDXIHLQHQ GXUFKERKUWHQ RGHU KDOEGXUFKOlVVLJHQ 6SLHJHO   XQG ZLUG DXI HLQH 6DP PHOOLQVH UHIOHNWLHUWGLHGDV/LFKWDXIHLQHQ)RWRGHWHNWRU IRNXVVLHUW +LHUZLUGGLH,QWHQVLWlWGHVUHIOHNWLHUWHQ/LFKWHVLQHLQHHOHNWULVFKH,PSXOV IROJH XPJHZDQGHOW YHUVWlUNW XQG GLJLWDOLVLHUW (LQ QDFKIROJHQGHU 'HFRGHU



$XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH

HQWVFKOVVHOW GLH DEJHOHJWHQ 'DWHQ XQG VWHOOW GLHVH DQ HLQHP HLQJHEDXWHQ ,QWHUIDFH ]XU 9HUIJXQJ 0LW GHP EHVFKULHEHQHQ 3ULQ]LS ZLUG HLQH 6FDQ OLQLHHU]HXJW%HLRPQLGLUHNWLRQDOHQ6FDQQHUQZHUGHQ PHKUHUHGLHVHUEDX OLFKHQ (LQKHLWHQ YHUHLQW XP VLFK EHUNUHX]HQGH 6FDQOLQLHQ HU]HXJHQ ]X N|QQHQ 'LH $XIO|VXQJ GHV 6FDQQHUV ZLUG ]XQlFKVW GXUFK GHQ /DVHUVWUDKO XQG GLH2SWLNEHHLQIOXVVW:HLWHUKLQZLUNWVLFKDXFKGHU $EVWDQGGHU /HVHHEH QHDXV=XP HLQHQZHLWHWVLFKGHU/DVHUVWUDKOPLW]XQHKPHQGHU(QWIHUQXQJ DXIXQGYHUJU|‰HUWVRGHQ/LFKWSXQNW]XPDQGHUHQNDQQ±lKQOLFKZLHEHL HLQHU .DPHUD  GLH 2SWLN QXU IU HLQHQ EHVWLPPWHQ (QWIHUQXQJVEHUHLFK VFKDUIIRNXVVLHUHQ+LHUDXVIROJWGDVVQXULQHLQHP EHVWLPPWHQ$EVWDQGV EHUHLFK YRUJHJHEHQH $XIO|VXQJHQ HUUHLFKW ZHUGHQ N|QQHQ 0LW ]XQHK PHQGHU /lQJH GHU 6FDQOLQLH PXVV GHU /DVHUVWUDKO LPPHU ZHLWHU DEJHOHQNW ZHUGHQ 'XUFK GLH RSWLVFKHQ *HJHEHQKHLWHQ NDQQ QXU LQQHUKDOE HLQHU EH VWLPPWHQ $XVOHQNXQJ GLH EHQ|WLJWH $XIO|VXQJ HUUHLFKW ZHUGHQ 'DPLW LVW GLHPD[LPDOH/lQJHGHU6FDQOLQLHEHJUHQ]W'LH/HVHEUHLWHELVWQRFKPDOV JHULQJHU %HL RPQLGLUHNWLRQDOHQ /DVHUQ GLH HLQ UHFKWZLQNOLJHV 6FDQNUHX] HU]HXJHQHUJLEWVLFKGLH/HVHEUHLWH/%DXVGHU6FDQOlQJH/6FDQ]X

/%

Z



/

VFDQ





/6FDQ



6FDQOlQJH>P@

/%



/HVHEUHLWH>P@

'DKHUPVVHQDEHLQHUEHVWLPPWHQ%DKQEUHLWH]XURSWLVFKHQ$EGHFNXQJHQ XQWHU 8PVWlQGHQ QHEHQHLQDQGHU LQVWDOOLHUWH /HVHV\VWHPH ]ZHL /HVHNUHX]H HU]HXJHQ XP HLQH VLFKHUH ,GHQWLILNDWLRQ DXI GHU JHVDPWHQ %UHLWH GHU )|U GHUWHFKQLN]XJHZlKUOHLVWHQ $XV GHQ EHVFKULHEHQHQ 5DQGEHGLQJXQJHQ HUJHEHQ VLFK GLH /HVHGLD JUDPPH GLH LQ GHQ 'DWHQEOlWWHUQ XQG %HWULHEVDQOHLWXQJHQ GHU MHZHLOLJHQ 6FDQQHU ]X ILQGHQ VLQG $EE ]HLJW GLH ZHVHQWOLFKHQ )DNWRUHQ HLQHV VROFKHQ 'LDJUDPPV 'HU JUDX HLQJH]HLFKQHWH %HUHLFK VWHOOW GHQ /HVHEH UHLFKGDULQQHUKDOEGHVVHQHLQ&RGHVLFKHUJHOHVHQZHUGHQNDQQ 'HU HIIHNWLYH /HVHEHUHLFK LVW OHW]WHQGOLFK EHL HLQHP YRUJHJHEHQHQ /D VHUVFDQQHU YRQ GHU 0RGXOEUHLWH DEKlQJLJ -H JHULQJHU GLH 0RGXOEUHLWH GHVWRNOHLQHUGHU/HVHEHUHLFKGDGLHRSWLVFKHQ$QIRUGHUXQJHQKLQVLFKWOLFK GHU$XIO|VXQJVWHLJHQ 'LH LQ $EE GDUJHVWHOOWHQ /HVHEHUHLFKH JHK|UHQ ]X HLQHP W\S /D VHUVFDQQHUGHU)LUPD'DWDORJLF>'DW@(VKDQGHOWVLFKXPHLQHQRPQLGL UHNWLRQDOHQ/DVHUVFDQQHUGHULQ6RUWLHUDQODJHQKlXILJHLQJHVHW]WZLUG



'LH7HFKQLN

/HJHQGH /$PLQ



/$PD[



PLQLPDOHU/HVHDEVWDQG>PP@ PD[LPDOHU/HVHDEVWDQG>PP@

76



7LHIHQVFKlUIHEHUHLFKDXFK'2)

/%



/HVHEUHLWH>PP@

6/



6FDQOLQLHQOlQJH >PP@

’



gIIQXQJVZLQNHO >ƒ@

'HSKWRIILHOG >PP@

$EE%H]HLFKQXQJHQEHLP/HVHIHOGHLQHV/LQLHQVFDQQHUV

D 0RGXOEUHLWH;

PP

E 0RGXOEUHLWH;

PP

$EE ([HPSODULVFKH /HVHEHUHLFKH 'DWDORJLF ';;  D 0RGXO EUHLWH[

E 0RGXOEUHLWH [

>'DW@



$XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH

(V LVW JXW ]X VHKHQ GDVV PLW JU|‰HUHU 0RGXOEUHLWH GLH /HVHIHOGEUHLWH GRUW): YRQDXI0LOOLPHWHUVWHLJWXQGVLFKGHU7LHIHQVFKlUIHEH UHLFKGRUW'2) YRQDXI0LOOLPHWHUHUK|KW

6HQVRU6FDQQHU

'HUEHUZLHJHQGH7HLOGHU%DUFRGH/HVHV\VWHPHEDVLHUWDXIGHU$EWDVWXQJ GHV %DUFRGHV PLW HLQHU RGHU PHKUHUHQ 6FDQOLQLHQ (LQH 5HLKH YRQ 3URE OHPVWHOOXQJHQ ODVVHQ VLFK PLW GLHVHQ 6\VWHPHQ MHGRFK QLFKW O|VHQ 'D]X ]lKOW HWZD GLH (UIDVVXQJ YRQ VHKU NOHLQHQ VHKU ZHLW HQWIHUQWHQ RGHU JH NUPPWHQ%DUFRGHV)UDQGHUH3UREOHPHJLEWHV]ZDU/|VXQJHQGLHDEHU PLW HLQLJHP WHFKQLVFKHQ XQG GDPLW DXFK ILQDQ]LHOOHQ  $XIZDQG RGHU PLW EHVWLPPWHQ(LQVFKUlQNXQJHQYHUEXQGHQVLQG=XVROFKHQ3UREOHPHQ]lKOW HWZD GLH (UIDVVXQJ YRQ EHOLHELJ YHUGUHKWHQ RGHU ]ZHLGLPHQVLRQDOHQ %DU FRGHV (LQ ZHLWHUHU 3UREOHPIDOO LVW GLH (UIDVVXQJ PHKUHUHU %DUFRGHV DXI HLQHP 2EMHNW ZREHL GLH 3RVLWLRQ GHU %DUFRGHV YRQ %HGHXWXQJ LVW ,Q GLH VHQ )lOOHQ VWHOOW GLH %DUFRGH(UIDVVXQJ PLW HLQHP 6HQVRU6FDQQHU HLQH /|VXQJE]ZHLQHVLQQYROOH$OWHUQDWLYH]XDQGHUHQ/HVHV\VWHPHQGDU ,Q LQWHJULHUWHQ 6FDQQHUQ IU GLH 6RUWLHUWHFKQLN ZHUGHQ KHXWH KlXILJ NHLQH .DPHUDV\VWHPH LP KHUN|PPOLFKHQ 6LQQH PLW '&&'$UUD\  YHUZHQ GHWVRQGHUQHLQGLPHQVLRQDOH&&'=HLOHQKRKHU$XIO|VXQJPHKUHUH7DX VHQG6HQVRUHQE]Z3L[HOLQHLQHU=HLOH  (LQH ZHLWHUH (QWZLFNOXQJ GLH ]XQHKPHQG (LQVDW] ILQGHW VLQG ' XQG '6HQVRUHQ DXI &026%DVLV &RPSOHPHQWDU\ 0HWDO 2[LGH 6HPLFRQ GXFWRU   &0266HQVRUHQ VLQG SUHLVZHUWHU LQ GHU +HUVWHOOXQJ DOV NRQYHQ WLRQHOOH &&'6HQVRUHQ XQG HUUHLFKHQ JHOHJHQWOLFK EHVVHUH /HVEDUNHLW EHL VFKZLHULJHQ /LFKWYHUKlOWQLVVHQ &&'6HQVRUHQ OLHIHUQ MHGRFK L$ GDV EULOODQWHUH %LOG  YJO >/HQ 6 @  ,P =XVDPPHQKDQJ PLW GHP ]X QHKPHQGHQ (LQVDW] PHKUGLPHQVLRQDOHU &RGHV ]X /DVWHQ GHU 6WULFKFRGHV OlVVW VLFK DEVHKHQ GDVV GHU 3UHLV GHU 6HQVRU6FDQQHU ZHLWHU VLQNHQ XQG LKUH9HUEUHLWXQJVWHLJHQZLUG

)XQNWLRQVSULQ]LSHLQHV6HQVRU6FDQQHUV

(LQ %DUFRGH ZLUG PLW HLQHU 9LGHRNDPHUD  &&' =HLOH0DWUL[ DXIJH QRPPHQXQGLQGLJLWDOHU)RUPLP6SHLFKHUHLQHV%LOGYHUDUEHLWXQJVPRGXOV DEJHOHJW 'HU 5HFKQHU HUPLWWHOW DXV GHQ %LOGGDWHQ 3RVLWLRQ XQG /DJH GHV %DUFRGHV XQG GHNRGLHUW DQVFKOLH‰HQG GLH GDULQ HQWKDOWHQH ,QIRUPDWLRQ 0DQ XQWHUVFKHLGHW =HLOHQ XQG )OlFKHQVHQVRUHQ VRZLH )DUE XQG 0RQR FKURP6\VWHPH ,Q GHU /RJLVWLN XQG LQVEHVRQGHUH EHL GHQ 6RUWLHU XQG 9HUWHLOV\VWHPHQVLQGPRQRFKURPH6HQVRUHQKLQUHLFKHQGVRGDVVGLH)DUE V\VWHPHKLHUQLFKWEHUFNVLFKWLJWZHUGHQ



'LH7HFKQLN

1HEHQ GHU HLJHQWOLFKHQ %DUFRGH'HFRGLHUXQJ N|QQHQ QRFK ]XVlW]OLFKH 3UIXQJHQ UHDOLVLHUW ZHUGHQ 6R NDQQ PDQ HWZD IHVWVWHOOHQ RE VLFK EHU KDXSW HLQ %DUFRGH LP %LOG EHILQGHW XQG JJI GHVVHQ 3RVLWLRQ XQG 9HUGUH KXQJEHVWLPPHQ$XFKOlVVWVLFKHLQPLWHLQHP%DUFRGHJHNHQQ]HLFKQHWHV 2EMHNWJOHLFK]HLWLJLGHQWLIL]LHUHQXQG]%DXI9ROOVWlQGLJNHLWEHUSUIHQ

$EE3ULQ]LSLHOOHU$XIEDXHLQHV6HQVRU6FDQQHU6\VWHPV

=HLOHQVHQVRU 'HP =HLOHQVHQVRU OLHJW HLQH &&'=HLOH PLW W\S   RGHU  3XQNWHQ HLQ]HOQH 3KRWRGLRGHQ  ]XJUXQGH (LQ]HOQH %LOGDXIQDKPHQ HLQHU &&'=HLOH IJHQ VLFK GXUFK GLH 5HODWLYEHZHJXQJ GHV 2EMHNWHV E]Z VHL QHV &RGHV XQWHU GHU 6HQVRU]HLOH ]X HLQHP ]ZHLGLPHQVLRQDOHQ %LOG ]X VDPPHQ 8P

HLQH NRUUHNWH $XIQDKPH HLQHV 2EMHNWHV ]X HUP|JOLFKHQ

PXVV GLH &&'=HLOHQIUHTXHQ] GHU 2EMHNWJHVFKZLQGLJNHLW DQJHSDVVW ZHU GHQ 'DV DXIJHQRPPHQH TXDOLWDWLY KRFKZHUWLJH %LOG HLQHV .DPHUDV\V WHPV PLW &&'=HLOH ZLUG LP %LOGYHUDUEHLWXQJVPRGXO GXUFK HLQH KRFK HQWZLFNHOWH 6RIWZDUH YHUDUEHLWHW 6lPWOLFKH &RGHV ' XQG '  DXI GHU 2EMHNWREHUIOlFKHZHUGHQDXWRPDWLVFKHUNDQQWXQGHUIDVVW

$XIO|VXQJEHLP=HLOHQVHQVRU

'LH%LOGDXIO|VXQJLVWHLQ3DUDPHWHUIUGLH%LOGTXDOLWlW6LHZLUGJHZ|KQ OLFK PLW GSL GRWV SHU LQFK  DQJHJHEHQ 8P GHQ &RGH VLFKHU DXI GHP 2E MHNW]XILQGHQXQG]XHUIDVVHQPXVVHLQHDXVUHLFKHQGH$XIO|VXQJJHZlKU OHLVWHWVHLQ6RHUIRUGHUW]%HLQ&RGHPLWNOHLQHU0RGXOEUHLWH;HLQHKRKH %LOGDXIO|VXQJXQGXPJHNHKUW



$XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH

9RQGHU$XIO|VXQJGHU&&'=HLOHQNDPHUDDOVRGHU$Q]DKOGHU%LOGSXQN WH GHV &&'&KLSV KlQJW GLH HUIDVVEDUH E]Z DXVZHUWEDUH %LOGEUHLWH DE HLQHU $XIO|VXQJ YRQ  GSL HQWVSULFKW HLQ 3XQNWGXUFKPHVVHU YRQ PP VRPLW NDQQ HLQ =HLOHQVHQVRU PLW  3L[HO 3XQNWHQ  HLQH %DKQEUHLWH YRQ  PP DEGHFNHQ :REHL GHU $EVWDQG ]ZLVFKHQ =HLOHQ NDPHUD XQG 2EMHNW E]Z %DUFRGH ZLHGHUXP YRP HLQJHVHW]WHQ .DPHUDRE MHNWLYDEKlQJLJLVW

'6HQVRUHQ

'LH %DUFRGH(UIDVVXQJ PLW HLQHP ' RGHU )Ol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lFKHQVHQVRU N|QQHQ RKQH ZHLWHUH 6SLHJHO LQ HLQHU +|KH YRQ HWZD ELVP REHUKDOEGHU)|UGHUHULQVWDOOLHUWZHUGHQXQGVLQGZHLWJHKHQG VWDXEGLFKWXQGYHUVFKOHL‰IUHL (LQ %HLVSLHO IU GHQ $XIEDX HLQHV ,GHQWLILNDWLRQVSXQNWHV PLW HLQHU &&'.DPHUD ]HLJW $EE 'DV 6\VWHP ZHOFKHV EHL GHU LWDOLHQVFKHQ 3RVW DQ HLQHP  PV VFKQHOOHQ HLQHP

[PP

JUR‰HQ



 .LSSVFKDOHQVRUWHU LQVWDOOLHUW LVW NDQQ LQ

/HVHIHOG

YHUVFKLHGHQH

VFKOHFKWHU 4XDOLWlW PLW 0RGXOEUHLWHQ YRQ [

%DUFRGHV

DXFK

PP OHVHQ 'DV REHU

KDOE GHV )|UGHUHUV LQVWDOOLHUWH .DPHUDV\VWHP LVW LP %LOG WHLOZHLVH GXUFK GHQ 5DKPHQ YHUGHFNW 'LH LP +LQWHUJUXQG HUNHQQEDUH LQWHQVLYH %HOHXFK WXQJ GHU 6RUWLHUJWHU LVW IU '6HQVRUV\VWHPH W\SLVFK GD DQVRQVWHQ GLH GXUFK GHQ 6HQVRU DXIJHQRPPHQH /LFKWPHQJH EHL NXU]HQ %HOLFKWXQJV]HL WHQ ]X JHULQJ ZLUG %HL KRKHQ /HVHUDWHQ UHLFKW GDV QRUPDOH 8PJHEXQJV OLFKW GDKHU LQ GHU 5HJHO QLFKW DXV 'LH NQVWOLFKH %HOHXFKWXQJ VROOWH P|J OLFKVW

HLQHU

7DJHVOLFKWEHOHXFKWXQJ

HQWVSUHFKHQ

ZDV

GXUFK

DGlTXDWH

/LFKWVWlUNH XQG /LFKWIDUEH GHU %HOHXFKWXQJ JHZlKUOHLVWHW ZHUGHQ PXVV $OV/LFKWTXHOOHQZHUGHQ/('/LFKWV\VWHPHRGHU6RGLXPE]Z 1DWULXP GDPSIODPSHQYHUZHQGHW



 %HL &&'.DPHUDV\VWHPHQ NDQQ GLH )|UGHUJHVFKZLQGLJNHLW GHU ]X LGHQWLIL ]LHUHQGHQ*WHUELV]XPVEHWUDJHQ



'LH7HFKQLN

'DVEHLGHULWDOLHQLVFKHQ3RVWLQVWDOOLHUWH6\VWHPHUIRUGHUWEHLVSLHOVZHL VH]ZHL:1DWULXPKRFKGUXFNODPSHQ

$EE&&'.DPHUDHLQVDW]EHLGHULWDOLHQLVFKHQ 3RVW4XHOOH'DWDORJLF 

$XIO|VXQJEHL'6HQVRUHQ

'LH $XIO|VXQJ GHU HLQIDFKVWHQ 6WDQGDUGNDPHUDV EHWUlJW HWZD  [  %LOGSXQNWH )U GLH VLFKHUH (UIDVVXQJ HLQHV %DUFRGHV PXVV GLH HQWVSUH FKHQGH 0RGXOEUHLWH DXI PLQGHVWHQV ]ZHL %LOGSXQNWHQ DEJHELOGHW ZHUGHQ 'HU %HUHLFK LQ GHP VLFK PLW HLQHU 6WDQGDUGNDPHUD %DUFRGHV HUIDVVHQ ODVVHQLVWDOVRDXIFD[0RGXOEUHLWHQEHVFKUlQNW:HQQWURW]GHP HLQ JU|‰HUHU %HUHLFK DXI %DUFRGHV XQWHUVXFKW ZHUGHQ VROO VWHKHQ K|KHU DXIO|VHQGH .DPHUDV ]XU 9HUIJXQJ 'LHVH VLQG PLW $XIO|VXQJHQ YRQ ]%  [  %LOGSXQNWHQ  0HJDSL[HO  HUKlOWOLFK 3URGXNWH IU GHQ 2&5%HUHLFK HUUHLFKHQ $XIO|VXQJHQ YRQ  0HJDSL[HO XQG PHKU =X EHUFNVLFKWLJHQ VLQG EHL HQWVSUHFKHQGHQ %LOGZLHGHUKROIUHTXHQ]HQ GLH HQWVWHKHQGHQ'DWHQPHQJHQ



$XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH

$QZHQGXQJVP|JOLFKNHLWHQXQG9RUWHLOHGHU'XQG'6HQVRUHQ

&&'.DPHUDV\VWHPH PLW HQWVSUHFKHQGHU %LOGDXVZHUWXQJ XQG 'HNRGLH UXQJ VLQG SULQ]LSLHOO WHXUHU DOV /DVHUVFDQQHU ,QVEHVRQGHUH EHL IROJHQGHQ $QZHQGXQJVIlOOHQ VLQG VLH NRQYHQWLRQHOOHQ 6FDQQHUQ MHGRFK EHUOHJHQ RGHUVLQGVRJDUGLHHLQ]LJH$OWHUQDWLYH

E

EHOLHELJYHUGUHKWHXQGRGHU'%DUFRGHV 'HU5HFKQHUEHVWLPPWEHLGHU$XVZHUWXQJ]XQlFKVWGLH9HUGUHKXQJHL QHV %DUFRGHV %HL GHU DQVFKOLH‰HQGHQ 'HNRGLHUXQJ GHU ,QIRUPDWLRQ ZLUG GDQQ GLH 9HUGUHKXQJ EHUFNVLFKWLJW $OOH %DUFRGHV DXFK DOOH ]ZHLGLPHQVLRQDOHQ N|QQHQ DOVR JUXQGVlW]OLFK RPQLGLUHNWLRQDO JHOHVHQ ZHUGHQ

E

%DUFRGHVDXIJHZ|OEWHQ2EHUIOlFKHQXQG%DUFRGHVPLW%HVFKlGLJXQJHQ 1HEHQ GHU 9HUGUHKXQJ N|QQHQ DNWXHOOH 6\VWHPH DXFK DQGHUH JHRPHWUL VFKH9HU]HUUXQJHQEHLGHU'HNRGLHUXQJGHU%DUFRGHVNRPSHQVLHUHQ(V N|QQHQ DOVR DXFK %DUFRGHV JHOHVHQ ZHUGHQ GLH VLFK ]% DXI HLQHU JH Z|OEWHQ 2EHUIOlFKH EHILQGHQ 'DUEHU KLQDXV N|QQHQ DXFK %HVFKlGL JXQJHQ GHV %DUFRGHV IHVWJHVWHOOW XQG EHL HQWVSUHFKHQG UHGXQGDQWHP &RGHDXFKUHNRQVWUXLHUWZHUGHQ

E

NOHLQHRGHUVHKUZHLWHQWIHUQWH%DUFRGHV 'HU (UIDVVXQJVEHUHLFK HLQHU 9LGHRNDPHUD LVW LP

:HVHQWOLFKHQ YRP

YHUZHQGHWHQ 2EMHNWLY DEKlQJLJ 'LHVHV JLEW HV DOV 6WDQGDUG]XEHK|U YRP 7HOHREMHNWLY ELV KLQ ]XU 0LNURVNRSRSWLN 6R ODVVHQ VLFK %DUFRGHV VRZRKO LQ YLHOHQ 0HWHUQ (QWIHUQXQJ DOV DXFK DXI HLQHP +DOEOHLWHUFKLS YLGHRPHWULVFKHUIDVVHQ

E

VFKQHOOEHZHJWH%DUFRGHV -HGHU %DUFRGH ZLUG QXU GXUFK HLQ HLQ]LJHV %LOG HUIDVVW (U EUDXFKW VLFK GHVKDOE QXU IU GHQ VHKU NXU]HQ 0RPHQW HLQHU %LOGDXIQDKPH LP (UIDV VXQJVEHUHLFK GHU .DPHUD ]X EHILQGHQ %HL (LQVDW] HLQHU %OLW]EHOHXFK WXQJ ODVVHQ VLFK %DUFRGHV PLW HLQHU *HVFKZLQGLJNHLW YRQ ]HKQ 0HWHUQ SUR6HNXQGHXQGPHKUHUIDVVHQ

E

%DUFRGH(UIDVVXQJ]XVlW]OLFK]XDQGHUHQ$XVZHUWXQJHQ 1HEHQGHU%DUFRGH(UIDVVXQJN|QQHQPLWJlQJLJHQ'HFRGHUQ/DJHXQG )OlFKHQVFKZHUSXQNWH YRQ 2EMHNWHQ HUPLWWHOW ZHUGHQ $XFK NDQQ GLH 0D‰KDOWLJNHLW RGHU GLH 9ROOVWlQGLJNHLW $VVHPEOLHUXQJ  YRQ 2EMHNWHQ JHSUIW ZHUGHQ ,P 9RUIHOG GHU 6RUWLHUXQJ ZLUG GLH $QDO\VH YRQ $UWL NHOELOGHUQDXFK]XU.RPPLVVLRQLHUNRQWUROOHHLQJHVHW]W

E

.ODUVFKULIWHUNHQQXQJ =XP %HLVSLHO LP 3DNHWEHUHLFK LVW KlXILJ GLH JOHLFK]HLWLJH (UIDVVXQJ HL QHV %DUFRGHV 5RXWLQJ/DEHO  XQG HLQHV .ODUVFKULIW7H[WHV $QVFKULI WHQIHOG 3RVWOHLW]DKO  HUIRUGHUOLFK $NWXHOOH '6FDQQHU DXI &&' RGHU



'LH7HFKQLN

&026%DVLV VLQG PLW HQWVSUHFKHQGHQ 'HFRGHUQ LQ GHU /DJH DXFK EHL P /HVHEUHLWH 6FKULIW XQG %DUFRGHV EHL EOLFKHQ )|UGHUJHVFKZLQGLJ NHLWHQLP 'XUFKODXI]XGHNRGLHUHQ

5DQGEHGLQJXQJHQ

'LH PHLVWHQ 5DQGEHGLQJXQJHQ EHLP (LQVDW] YRQ '6HQVRU6\VWHPH VLQG EHUHLWV DQJHVSURFKHQ ZRUGHQ =XVDPPHQJHIDVVW VLQG IROJHQGH )DNWRUHQ EHLP%HWULHEGHUDUWLJHU6\VWHPH]XEHUFNVLFKWLJHQ

E

%HOHXFKWXQJ 'HU ]X HUIDVVHQGH %DUFRGH PXVV EHOHXFKWHW ZHUGHQ :HQQ GDIU GLH QRUPDOH 8PJHEXQJVKHOOLJNHLW YHUZHQGHW ZHUGHQ VROO PXVV VLFKHUJH VWHOOW VHLQ GDVV GLHVH VLFK QLFKW DOO]X VWDUN ]% GXUFK GLUHNWH 6RQQHQ HLQVWUDKOXQJ XQG $EVFKDWWXQJ lQGHUW :HQQ VLFK GDV QLFKW YHUPHLGHQ OlVVW NDQQ PDQ HLQH DXWRPDWLVFKH %OHQGHQUHJHOXQJ HLQVHW]HQ GLH VRO FKH6FKZDQNXQJHQLQ*UHQ]HQDXVJOHLFKW

E

EHZHJWH%DUFRGHV %HZHJHQ VLFK GLH %DUFRGHV XQWHUKDOE GHV .DPHUDV\VWHPV ]X VFKQHOO PVVHQ 9RUNHKUXQJHQ JHWURIIHQ ZHUGHQ XP %HZHJXQJVXQVFKlUIHQ ]X YHUPHLGHQ )DVW DOOH 9LGHRNDPHUDV ELHWHQ ]X GLHVHP =ZHFN HLQH 6KXW WHU%HWULHEVDUW DQ 'DEHL ZHUGHQ GLH %LOGHU PLW HLQHU NU]HUHQ %HOLFK WXQJVGDXHUDXIJHQRPPHQXQGVR%HZHJXQJVXQVFKlUIHQYHUPLHGHQ$O OHUGLQJV PXVV GHU %DUFRGH GDQQ VWlUNHU EHOHXFKWHW ZHUGHQ %HL VHKU VFKQHOOHQ%HZHJXQJHQNDQQGHU(LQVDW]HLQHU%OLW]EHOHXFKWXQJVLQQYRO OHUVHLQ

E

7LHIHQVFKlUIH 'LH 7LHIHQVFKlUIH YRQ .DPHUDV\VWHPHQ LVW JUXQGVlW]OLFK EHJUHQ]W :HQQ VLH LQ HLQHU VSH]LHOOHQ $QRUGQXQJ QLFKW DXVUHLFKW JLEW HV YHU VFKLHGHQH 0|JOLFKNHLWHQ ]XU $EKLOIH 6R ZLUNHQ VLFK GLH (UK|KXQJ GHU %HOHXFKWXQJVVWlUNH RGHU GDV 9HUJU|‰HUQ GHV .DPHUDDEVWDQGV SRVLWLY DXIGLH7LHIHQVFKlUIHDXV$XFKODVVHQVLFK$XWRIRNXV2EMHNWLYHHLQVHW ]HQGLHLQHLQHPVHKUZHLWHQ%HUHLFKVFKDUIDEELOGHQN|QQHQ

5DGLRIUHTXHQ],GHQWLILNDWLRQ±5),' (LQ 5),'6\VWHP EHVWHKW DXV HLQHP &RGH7UlJHU GHP 7UDQVSRQGHU RGHU 7DJ



 XQG HLQHU 6FKUHLEOHVHVWHOOH RGHU QXU /HVHVWHOOH  'LH 6FKUHLE 

/HVHVWHOOH 6FDQQHU  JHQHULHUW HLQ HOHNWURPDJQHWLVFKHV )HOG ZRGXUFK GLH



 'HU HQJO %HJULII Ä7DJ³ (WLNHWW  EH]HLFKQHW L$ HLQHQ DOV (WLNHWW JHVWDOWHWHQ 7UDQVSRQGHUGHUDXIGDV *XWDXIJHNOHEWZHUGHQ NDQQÄ7DJJLQJ³ 



$XWRPDWLVFKH,GHQWLILNDWLRQVV\VWHPH

6SXOHQ LQ GHU 1lKH EHILQGOLFKHU 7UDQVSRQGHU DQJHUHJW ZHUGHQ XQG GLHVH PLW(QHUJLHYHUVRUJHQ $NWLYH 7UDQVSRQGHU ZHUGHQ ]XGHP PLW HLQHU HLJHQHQ (QHUJLHTXHOOH DXV JHVWDWWHW =XU hEHUWUDJXQJ YRQ (QHUJLH XQG 'DWHQ ZHUGHQ IROJHQGH )UH TXHQ]EHUHLFKHJHQXW]W

E E E E

/RZ)UHTXHQF\/)N+]  +LJK)UHTXHQF\+)0+]  8OWUD+LJK)UHTXHQF\8+)XQG0+]  0LNURZHOOHXQG *+] 

'LH :DKO GHU ULFKWLJHQ hEHUWUDJXQJVIUHTXHQ] LVW DEKlQJLJ YRP (LQVDW] IDOO =XP %HLVSLHO DEVRUELHUW )HXFKWLJNHLW 0LNURZHOOHQVWUDKOXQJ VHKU VWDUN ZlKUHQG VLH DXI GLH hEHUWUDJXQJ LP /)%HUHLFK SUDNWLVFK NHLQHQ (LQIOXVVKDW>+R+@ 'LH5HLFKZHLWHQYDULLHUHQYRQFP IUSDVVLYH/)7UDQVSRQGHUELV ]X PHKUHUHQ KXQGHUW 0HWHUQ IU DNWLYH 8+)7UDQVSRQGHU 'LH W\S /H VHUHLFKZHLWH IU GLH ZHLW YHUEUHLWHWHQ SDVVLYHQ 7UDQVSRQGHU LP 8+) )UHTXHQ]EHUHLFKEHWUlJWHWZDP 'LH 0HQJH GHU ]X VSHLFKHUQGHQ 'DWHQ LP 7DJ YDULLHUW HEHQIDOOV YRQ %LWDXISDVVLYHQ7DJVELV]XN%\WHEHLDNWLYHQ7DJV $NWXHOOH%LW(3&8+)6\VWHPH VLQGLQGHU/DJHEHU6FDQVV LP3XONTXDVLSDUDOOHOGXUFK]XIKUHQ+LHUEHLLVWMHGRFKDXFK]XEHDFK WHQ GDVV GLH )HKOHUZDKUVFKHLQOLFKNHLW LQVEHVRQGHUH EHL HLQHU 3XONOHVXQJ MHQDFK$SSOLNDWLRQHUKHEOLFKYDULLHUHQNDQQ

(OHFWURQLF3URGXFW&RGH(3&

'HU (3& IU 5),' 7UDQVSRQGHU 7DJV  LVW HLQ 1XPPHUQFRGH GHU YRQ ($1 ,QWHUQDWLRQDO $UWLFOH 1XPEHULQJ $VVRFLDWLRQ %UVVHO  XQG 8&& 8QLIRUP &RGH &RXQFLO 86$  LQQHUKDOE GHU (3&JOREDO,QLWLDWLYH V ZZZHSFJOREDOGH  ]XU HLQGHXWLJHQ .HQQ]HLFKQXQJ YRQ :DUHQ LQ GHU 9HUVRUJXQJVNHWWHVWDQGDUGLVLHUWZLUG (VJLEW(3&XQWHUVFKLHGOLFKHU/lQJH(3& IUXQWHUVFKLHGOL FKH(LQVDW]JHELHWH+DQGHOVZDUH&RQWDLQHUXVZ 'HU(3&LVWNRPSDWLE OH ]XU (XURSlLVFKHQ $UWLNHOQXPPHU ($1  ($1  (U EHVWHKW ZH VHQWOLFKDXVIROJHQGHQ.RPSRQHQWHQ=LIIHUQIROJHQ 

E E E

+HDGHU )LOWHU6RUWLHUIXQNWLRQ]%%HKlOWHUW\S &RPSDQ\3UHIL[HLQGHXWLJH8QWHUQHKPHQVNHQQXQJ 



E« E«

'LH7HFKQLN

,WHP5HIHUHQ]2EMHNWNHQQXQJ]%$UWLNHOQXPPHU 6HULHQQXPPHU

(VZXUGHQELVGDWRIROJHQGH.ODVVHQYRQ(3&7UDQVSRQGHUQGHILQLHUW

E« E« E« E« E« E«

.ODVVH

QLFKWEHVFKUHLEEDU5HDG2QO\

.ODVVH

HLQPDOEHVFKUHLEEDU:ULWH2QFH5HDG0XOWLSOH

.ODVVH

ZLHGHUEHVFKUHLEEDU5HDG :ULWH

.ODVVH

ZLHGHUEHVFKUHLEEDUXQGDNWLYHLJHQH(QHUJLHTXHOOH

.ODVVH9HUVLRQ8+)0+] XQG0+] .ODVVH9HUVLRQ8+)VRJÄ*HQHUDWLRQ7DJV³VX

'HU(LQVDW]YRQ5),'LQ6RUWLHUDQODJHQ

'LH 5),'7HFKQRORJLH ZLUG ]XQHKPHQG DOV $OWHUQDWLYH ]XP %DUFRGH JHVHKHQ ,QVEHVRQGHUH GD NHLQH 6LFKWYHUELQGXQJ ]ZLVFKHQ 'DWHQWUlJHU XQG 6FDQQHU QRWZHQGLJ LVW 1HEHQ GHP UHODWLY KRKHQ 3UHLV JHJHQEHU HLQHP NRQYHQWLRQHOOHQ %DUFRGH LVW GLH /DWHQ]]HLW ]XU $NWLYLHUXQJ EHLP $XVOHVHQ SDVVLYHU 7UDQVSRQGHU HLQ +HPPQLV IU GHQ (LQVDW] GHU 5),' 7HFKQRORJLH LQ VFKQHOO EHZHJWHQ 6RUWLHUDQODJHQ 6LH LVW VWDUN YRQ GHU )UH TXHQ]GHU)HOGVWlUNHXQGGHU'lPSIXQJGHVMHZHLOLJHQ*XWHVDEKlQJLJ 1DFK GHU $NWLYLHUXQJ GHU 7DJV LVW GLH 'DWHQEHUWUDJXQJVUDWH UHODWLY KRFK6LHEHWUlJWEHLGHQVRJHQDQQWHQ*HQHUDWLRQ,,7DJVN%LWVEHLP $XVOHVHQ GHU 'DWHQ +LHUEHL LVW MHGRFK ]X EHDFKWHQ GDVV GLH 1HWWR /HVHUDWH LP UHDOHQ %HWULHE GXUFK ,QWHUIHUHQ]HQ HWF ZHVHQWOLFK UHGX]LHUW ZHUGHQNDQQ 'DV %HVFKUHLEHQ GHU 7DJV GDV EHLP 6RUWLHUYRUJDQJ L$ QLFKW QRWZHQ GLJVHLQZLUGLVWZHVHQWOLFKODQJVDPHU+LHULVWEHL*HQ,,7DJVHLQHPD[ =HLWYRQPV%\WHYRUJHJHEHQ'LHVHUJLEWPVIUGHQ%LWODQJHQ (3&RGHUUXQG(3&7DJVSUR6HNXQGH %HDFKWHW PDQ GLH 5DQGEHGLQJXQJHQ VR LVW 5),' HLQH WHFKQRORJLVFKH $OWHUQDWLYH ]XP NRQYHQWLRQHOOHQ %DUFRGH LQVEHVRQGHUH GDQQ ZHQQ GLH .HQQ]HLFKQXQJ GHV 6RUWLHUJXWHV SUREOHPDWLVFK LVW (LQ W\S %HLVSLHO KLHU IULVWGLH(LQIKUXQJGHV5),',$7$/DEHOV,62PLW0+] ]XU.HQQ]HLFKQXQJYRQ)OXJJHSlFN

'LH%HUHFKQXQJ

=LHO GLHVHV .DSLWHOV LVW GLH IU GLH 6RUWLHUV\VWHPH UHOHYDQWHQ %HUHFK QXQJVYHUIDKUHQ

XQG

)RUPHOPHFKDQLVPHQ

]XVDPPHQ]XVWHOOHQ

'LHVH

%HUHFKQXQJHQ GLHQHQ ]XU $XVOHJXQJ ]XU .RQVWUXNWLRQ XQG ]XU hEHUSU IXQJ GHV 6RUWHUV XQG VHLQHU .RPSRQHQWHQ (V ZXUGHQ EHZXVVW DXFK $XV OHJXQJVYHUIDKUHQ IU UHOHYDQWH I|UGHUWHFKQLVFKH *UXQGHOHPHQWH LQWHJULHUW XP GLHVHV *UXQGODJHQZLVVHQ DXFK IU GHQ 6\VWHPHQWZLFNOHU EHUHLW]XVWHO OHQ

1HQQGXUFKVDW]GHV9HUWHLOI|UGHUHUV

'HU 'XUFKVDW] LVW JOHLFK GHU I|UGHUWHFKQLVFKHQ /HLVWXQJ 'HU PD[LPDOH 'XUFKVDW]LVWGLH1RPLQDORGHU1HQQOHLVWXQJHLQHV 6RUWHUVXQG JOHLFK]HL WLJVHLQHWHFKQLVFKH*UHQ]OHLVWXQJ 'HU PD[LPDOH 'XUFKVDW] Ȝ6RUWPD[ ZLUG GXUFK GLH )|UGHUJHVFKZLQGLJNHLW Y.XQGGHQPLQLPDOHQ$EVWDQGGHU6RUWLHUJWHUV6RUWPLQEHVWLPPW

p

6RUW PD[

Y

Z V

.

  >V@

6RUW PLQ

Y.



)|UGHUJHVFKZLQGLJNHLWGHV9HUWHLOI|UGHUHUVRGHUGHU.HWWH>PV@

V6RUWPLQ



PLQLPDOHU6RUWLHUJXWDEVWDQG>P@

+LHUDXVODVVHQVLFKGLUHNWGLHWHFKQLVFKHQ0D‰QDKPHQ]XU'XUFKVDW]HUK| KXQJEHLYRUJHJHEHQHP*XWVSHNWUXPDXI]HLJHQGLH(UK|KXQJGHU)|UGHU JHVFKZLQGLJNHLW XQG GLH 9HUULQJHUXQJ GHU *XWDEVWlQGH %HLGH *U|‰HQ VLQG ZHVHQWOLFK YRQ GHQ $XVVFKOHXVHOHPHQWHQ DEKlQJLJ 'LHVH PVVHQ UHDNWLRQVVFKQHOO VHLQ DEHU JOHLFK]HLWLJ QXU PLQLPDOH .UlIWH DXI GDV *XW EHUWUDJHQ )U GLH %HUHFKQXQJ GHU WHFKQLVFKHQ *UHQ]OHLVWXQJ GHU 6RUWLHUVWUHFNH ZLUG QHEHQ LKUHU )|UGHUJHVFKZLQGLJNHLW GHU )|UGHUJXWDEVWDQG EHQ|WLJW 'LHVHULVWYRQXQWHUVFKLHGOLFKHQ)DNWRUHQDEKlQJLJXQGZLUGLPIROJHQGHQ $EVFKQLWW TXDQWLIL]LHUW 'HU *XWDEVWDQG ZLUG LQ GHU 9RUEHUHLWXQJ GHQ



'LH%HUHFKQXQJ

$QIRUGHUXQJHQ GHV 6RUWHUV HQWVSUHFKHQG DQJHSDVVW 0DQ XQWHUVFKHLGHW GDEHLVRUWHUXQDEKlQJLJHXQGVRUWHUDEKlQJLJH*XWDEVWlQGH

x°£°£Ê-œÀÌiÀ՘>L…B˜}ˆ}iÀÊÕÌ>LÃÌ>˜` 'LHVHU LVW HQWZHGHU NRQVWDQW EHL XQWHUVFKLHGOLFKHQ =ZLVFKHQUlXPHQ RGHU GLH =ZLVFKHQUlXPH VLQG NRQVWDQW XQG GLH $EVWlQGH HUJHEHQ VLFK MHZHLOV DXVGHU$GGLWLRQGHV=ZLVFKHQUDXPVXQGGHU*XWOlQJH .RQVWDQWHU*XWDEVWDQG 'HU *XWDEVWDQG ZLUG ZLH DXV $EE HUVLFKWOLFK YRQ 9RUGHUNDQWH ]X 9RUGHUNDQWH GHU DXIHLQDQGHU IROJHQGHQ *WHU JHPHVVHQ (LQ NRQVWDQWHU *XWDEVWDQGEHGHXWHWGDVVGLH6XPPHDXV*XW]ZLVFKHQUDXPXQG*XWOlQJH NRQVWDQWEOHLEW

$EE.RQVWDQWHU*XWDEVWDQG

)UGHQNRQVWDQWHQ*XWDEVWDQGJLOW

V

V



6RUW  PLQ

ZV



>P@

 

NRQVWDQWHU*XWDEVWDQG>P@

.RQVWDQWHU*XW]ZLVFKHQUDXP 'HU *XW]ZLVFKHQUDXP ZLUG YRQ GHU +LQWHUNDQWH ]XU 9RUGHUNDQWH GHV QDFKIROJHQGHQ 6WFNJXWV JHPHVVHQ V $EE  'LH *XWOlQJH VSLHOW KLHUEHLNHLQH5ROOH

$EE.RQVWDQWHU*XW]ZLVFKHQUDXP

1HQQGXUFKVDW]GHV9HUWHLOI|UGHUHUV



,VWDXIJUXQGGHU$EZHLVWHFKQLNQXUHLQ0LQGHVW]ZLVFKHQUDXP HLQ]XKDOWHQ VRVHW]WVLFKGHU$EVWDQGDXVGHU6XPPHGHV0LQGHVW]ZLVFKHQUDXPHVXQG GHUPLWWOHUHQ*XWOlQJH]XVDPPHQ

V

6RUWPLQ

Z …]

”O

PLQ

]PLQ



0LQGHVW]ZLVFKHQUDXP >P@

O*XWP



PLWWOHUH*XWOlQJH>P@

*XW  P

‰

>P@

Q

 

 

¦O

L

O

*XW  P

Z

L

Z

>P@

Q

Q



$Q]DKOGHU*WHUHLQHU%HWUDFKWXQJVHLQKHLW]%%DWFK>@

OL



/lQJHGHV(LQ]HOJXWHV>P@

x°£°ÓÊ-œÀÌiÀ>L…B˜}ˆ}iÀÊÕÌ>LÃÌ>˜` 'HU 0LQGHVWDEVWDQG ]ZHLHU DXIHLQDQGHU IROJHQGHU *WHU LVW GDEHL GLUHNW YRQ GHU 7HLOXQJ H GHV )|UGHUPLWWHOV DEKlQJLJ ,VW GLH /lQJH GHV *XWHV JU|‰HU DOV IU GLH 7HLOXQJ GHV )|UGHUPLWWHOV ]XOlVVLJ ZLUG GHP *XW HYHQ WXHOO HLQ ]ZHLWHV (OHPHQW GHV )|UGHUPLWWHOV ]XJHRUGQHW XVZ 'DEHL XQWHU VFKHLGHW PDQ 7HFKQLNHQ ZLH ]% .LSSVFKDOHQVRUWHU EHL GHQHQ GLH *WHU LQ GHU 5HJHO NOHLQHU VLQG DOV GLH 7HLOXQJ YRQ VROFKHQ EHL GHQHQ VWHWV PHKUHUH 7HLOXQJVHOHPHQWH GHP *XW ]XJHRUGQHW VLQG ZLH 6FKLHEHVFKXK RGHU:DUHQEHJOHLWVRUWHU )HVWH7HLOXQJGHV)|UGHUPLWWHOV 'HU VRUWHUDEKlQJLJH *XWDEVWDQG PLW IHVWHU 7HLOXQJ GHV )|UGHUPLWWHOV LVW SULQ]LSLHOO EHL GHQ 9HUWHLOI|UGHUHUQ PLW (LQ]HOSODW]EHOHJXQJ UHOHYDQW +LHU ZLUG ZHLWHVWJHKHQG XQDEKlQJLJ YRQ GHU *XWJU|‰H GLH 7HLOXQJ GXUFK GLH 7HFKQLN YRUJHJHEHQ /HGLJOLFK ZHQQ GLH *XWJU|‰H GLH 7HLOXQJVJU|‰H EHUVFKUHLWHWEHNRPPWVLH(LQIOXVVDXIGHQ*XWDEVWDQG 6RIHUQGLH/lQJHGHU]XI|UGHUQGHQ6WFNJWHUGLH/lQJHGHU*XWDEODJH QLFKWEHUVFKUHLWHWJLOW

V

HV



6RUW  PLQ

ZH

V

>P@

7HLOXQJGHU$EZHLVHOHPHQWH>P@

 



'LH%HUHFKQXQJ

$EE)HVWH7HLOXQJGHV)|UGHUPLWWHOV

:HUGHQ DXFK OlQJHUH 6WFNJWHU ]XJHODVVHQ GLH ]ZHL 7HLOHOHPHQWH EHOH JHQVRJLOW

Q



V

6RUWPLQ

TH ” Q TTH ” 

V

Q



V

TH

V



Z Q



”Q

Z

Q





T H ”  T Q T H Q ”Q 

V



V

>P@



Q



$Q]DKOGHU*WHUGLHDXIHLQHU6FKDOHWUDQVSRUWLHUWZHUGHQ>6WFN@

Q



$Q]DKOGHU*WHUGLHDXI]ZHL6FKDOHQWUDQVSRUWLHUWZHUGHQ>6WFN@

HV



7HLOXQJGHU*XWDXIODJHQKLHU.LSSVFKDOHQ >P@

Q 'HU 7HUP



TH

V



 EHUFNVLFKWLJW QLFKW EHOHJWH .LSSVFKDOHQ /DQJH *WHU

 GUIHQ QXU DXI GLH EHLGHQ 6FKDOHQ HLQHV JHPHLQVDPHQ )DKUZDJHQV JH VFKOHXVW ZHUGHQ 6ROO HLQ ODQJHV *XW HLQJHVFKOHXVW ZHUGHQ XQG QXU HLQH 6FKDOH LVW IUHL NDQQ GLHVH QLFKW EHOHJW ZHUGHQ 'LH :DKUVFKHLQOLFKNHLW OLHJW EHL IQI]LJ 3UR]HQW IU MHGHV HLQ]XVFKOHXVHQGH ODQJH *XW ,VW GLHVHV GXUFK HQWVSUHFKHQGH (LQVFKOHXVVWDWLRQHQ RGHU GLH 6WHXHUXQJ GHU *XWUHL KHQIROJH]XYHUPHLGHQLVWGLHVHU7HUPQLFKW]XEHUFNVLFKWLJHQ )HVWH 7HLOXQJ GHV )|UGHUPLWWHOV EHL WHFKQLVFK EHGLQJWHP 0LQGHVWDE VWDQG 6FKLHEHVFKXKXQG:DUHQEHJOHLWVRUWHUYHUZHQGHQHLQHYRQGHULQGLYLGXHO OHQ 6RUWLHUJXWOlQJH DEKlQJLJH $Q]DKO YRQ $XVVFKOHXVPHFKDQLVPHQ -H QDFK7HFKQRORJLHPXVV PLQGHVWHQVHLQ$XVVFKOHXVPHFKDQLVPXV ]ZLVFKHQ GHQ*WHUQIUHLEOHLEHQ'HU$EVWDQGHUJLEWVLFKQDFK

V

H$





6RUWPLQ

Z

……

O

*XW  P

GLY H

$

‰ ” ‰T 

H

$

” Q TH 7

7HLOXQJGHU$XVVFKOHXVPHFKDQLVPHQ>P@

GLY'LYLVLRQRKQH5HVW

$

>P@







(IIHNWLYHU 'XUFKVDW]GHV9HUWHLOI|UGHUHUV

Q7



$Q]DKOGHU7HLOXQJHQDOV6LFKHUKHLWVDEVWDQG>@

O*XWP



PLWWOHUH*XWOlQJH>P@



$EE)HVWH7HLOXQJGHV)|UGHUPLWWHOVPLW0LQGHVWDEVWDQG

'HU HUVWH 7HUP HUJLEW GLH $Q]DKO GHU EHWlWLJWHQ $XVVFKOHXVPHFKDQLVPHQ 'HU ]ZHLWH 7HUP VWHKW IU GLH DXV 6LFKHUKHLWVJUQGHQ QRWZHQGLJHQ QLFKW EHWlWLJWHQ0HFKDQLVPHQ(ULVWGHUWHFKQLVFKEHGLQJWH6LFKHUKHLWVDEVWDQG 'LH 9RUJDEHQ ]XU (LQKDOWXQJ GHU 0LQGHVWDEVWlQGH VLQG WHFKQLVFK EH GLQJWXQGHUJHEHQVLFK

E

DXIJUXQG VWHXHUXQJVWHFKQLVFKHU $VSHNWH DXV GHU 1RWZHQGLJNHLW ]XU 8QWHUVFKHLGXQJ YRQ *WHUQ DQ /LFKWVFKUDQNHQ XQG ]XU ,GHQWLIL]LHUXQJ DQ6FDQQHUVWDWLRQHQ

E

DXV I|UGHUWHFKQLVFKHQ $VSHNWHQ ]% 7HLOXQJ YRQ .LSSVFKDOHQ RGHU 6FKLHEHVFKXKHQ RGHU

E

GXUFK GLH %DXDUW GHV $XVVFKOHXV$EZHLVPHFKDQLVPXV =HLW ]XP =XUFNVWHOOHQ 

'LH (LQKDOWXQJ GLHVHU 0LQGHVWDEVWlQGH LVW YRQ HLQHU DXVUHLFKHQGHQ (LQ VFKOHXVOHLVWXQJDEKlQJLJ

(IIHNWLYHU'XUFKVDW]GHV9HUWHLOI|UGHUHUV

'HU PD[LPDOH 'XUFKVDW] ȜPD[ LVW QLFKW GLH PD‰JHEHQGH *U|‰H 'HU UHDOH 'XUFKVDW] OLHJW KlXILJ HUKHEOLFK GDUXQWHU GD GLH P|JOLFKHQ $XVVFKOHXV HOHPHQWH QLFKW DOOH EHOHJW ZHUGHQ NRQQWHQ GHU 6RUWHU ]X EHVWLPPWHQ =HLWHQ VRJDU OHHU OlXIW +LHU VLQG HUKHEOLFKH 3RWHQ]LDOH GXUFK GHQ %HWULHE GHV 6RUWHUV JHJHEHQ =XU 'XUFKVDW]HUK|KXQJ VROOWHQ DOVR HEHQIDOOV GLH %HWULHEVVWUDWHJLHQ V .DS   EHUSUIW ZHUGHQ :HVHQWOLFKH 0LQGHUXQJV IDNWRUHQ IU GHQ 'XUFKVDW] VLQG GHU 6\QFKURQLVDWLRQVYHUOXVWIDNWRU I6 XQG GHU5H]LUNXODWLRQVIDNWRUI5



'LH%HUHFKQXQJ

6RPLWHUJLEWVLFKGLHHIIHNWLYH'XUFKVDW]HLQHV6RUWHUV]X

p

6RUW  HII

Zp

6RUW  PD[

T

I

5

T

I

6

>K@

 

+LHUEHL LVW GDYRQ DXV]XJHKHQ GDVV GLH =XI|UGHUXQJ HLQHQ JHQJHQGHQ 7HLOH]XVWURP OLHIHUQ NDQQ DOVR MHGHU SRWHQ]LHOOH 3ODW] DXI GHP 9HUWHLOI|U GHUHUEHOHJWZLUG'LH/HLVWXQJGHU$EI|UGHUXQJJHKWEHUGHQ6\QFKURQL VDWLRQVYHUOXVWIDNWRULQGLHHIIHNWLYH6RUWLHUOHLVWXQJHLQGDLQGHU5HJHOGHU 6WDWXV GHU (QGVWHOOHQ GDV 7ULJJHUVLJQDO IU GLH )UHLJDEH GHV )ROJHEDWFKHV HUJLEW 'LH (LQIOVVH GHU %DWFKWULJJHUXQJ ZHUGHQ LQ $EVFKQ  QRFK DXVIKUOLFKHU EHKDQGHOW *HQHUHOO LVW MHGRFK IHVW]XKDOWHQ GDVV GLH 0LQGH UXQJVIDNWRUHQ I6 XQG I5 QXU EHL VWDUNHU 9HUHLQIDFKXQJ EHUHFKQHW ZHUGHQ N|QQHQXQGGDKHUYHUOlVVOLFKH$XVVDJHQEHUGLHHIIHNWLYH6\VWHPOHLVWXQJ QXUPLWWHOVHLQHU0DWHULDOIOXVVVLPXODWLRQHUKlOWOLFKVLQG>5DG6@

'XUFKVDW]PLQGHUXQJGXUFK6\QFKURQLVDWLRQV]HLWHQ

$XIJUXQG VWUDWHJLHEHGLQJWHU :DUWH]HLWHQ DXI GHQ 6RUWLHUEHJLQQ HLQHV QHXHQ %DWFK



 DQ GHU (LQVFKOHXVXQJ WUHWHQ 9HUOXVWH DXI 'HU 9HUOXVWIDNWRU

GXUFK6\QFKURQLVDWLRQV]HLWHQLVWGDQQ

I

6

%7

7

%7

”7

IV



6\QFKURQLVDWLRQVYHUOXVWIDNWRU

76\QF



6\QFKURQLVDWLRQV]HLW>V@

7%7



%DWFKWDNW



 

7

Z

>@

6\QF

>V@

'D 7%7 XQG 76\QF YRU GHP %DWFK XQEHNDQQW VLQG NDQQ GHU 6\QFKURQLVDWL RQVYHUOXVWIDNWRU I6 QLFKW LP 9RUDXV EHUHFKQHW ZHUGHQ 'LH 6\QFKURQLVDWL RQV]HLW LVW YRQ GHU 6WUDWHJLH DEKlQJLJ PLW ZHOFKHU GHU $XIWUDJVIUHLJDEH ]HLWSXQNW JHZlKOW ZLUG V $EVFKQ   ,Q GLHVHU =HLW ZHUGHQ NHLQH *WHU HLQJHVFKOHXVW 'HU %DWFKWDNW DOVR GLH =HLW YRQ HLQHP %DWFKEHJLQQ ]XP QlFKVWHQ LVW QLFKW QXU YRQ GHU %DWFKJU|‰H VRQGHUQ YRQ ZHLWHUHQ DSSOLNDWLRQVVSH]LILVFKHQ3DUDPHWHUQDEKlQJLJ%HLGH:HUWHPVVHQLQGHU 5HDOLWlWKlXILJLQGHU3ODQXQJVSKDVHGXUFK(UIDKUXQJHQJHVFKlW]WZHUGHQ XPGLHUHVXOWLHUHQGHHIIHNWLYH6RUWLHUOHLVWXQJSURJQRVWL]LHUHQ]XN|QQHQ



%DWFKHQJO6WDSHO



%DWFKWDNW'LH=HLW]ZLVFKHQGHP6WDUW]ZHLHUDXIHLQDQGHUIROJHQGHU%DWFKHV

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV



'XUFKVDW]PLQGHUXQJGXUFKUH]LUNXOLHUHQGH7HLOH

.|QQHQ GLH 6RUWLHUJWHU QLFKW VRIRUW LQ HLQH (QGVWHOOH DXVJHVFKOHXVW ZHU GHQ VR PXVV GDV *XW HQWZHGHU EHU GHQ NRPSOHWWHQ 9HUWHLOI|UGHUHU RGHU GXUFK HLQH VSH]LHOOH 5H]LUNXODWLRQVVWUHFNH HUQHXW ]XU ]XJHZLHVHQHQ (QG VWHOOH JHI|UGHUW ZHUGHQ 6HOEVW ZHQQ GHU 6RUWHU DQVRQVWHQ VHLQHQ WKHRUHWL VFKHQ *UHQ]GXUFKVDW]

p

PD[

HUUHLFKHQ NDQQ VR PLQGHUQ GLHVH 7HLOH VHLQH

HIIHNWLYH /HLVWXQJ GD DXI GHQ EHWUHIIHQGHQ 3RVLWLRQHQ NHLQH QHXHQ *WHU HLQJHVFKOHXVWZHUGHQN|QQHQ 8QWHUGHU$QQDKPHHLQHVIUKHQ6RUWLHUEHJLQQVEHLGHPGLH6\QFKURQL VDWLRQV]HLW 76\QF

  LVW NDQQ GHU 5H]LUNXODWLRQVYHUOXVWIDNWRU I5 EHU GDV

9HUKlOWQLV GHU JHI|UGHUWHQ 7HLOH DXI GHQ (LQVFKOHXVEDKQHQ GHU 6RUWLHU VWUHFNHXQGGHU5H]LUNXODWLRQGHILQLHUWZHUGHQDOV

I

5

Z

Q

6

wQ Q

5

  >@

6

I5



5H]LUNXODWLRQVYHUOXVWIDNWRU>@

Q5



$Q]DKOGHUUH]LUNXOLHUHQGHQ7HLOHDQHLQHU=lKOVWHOOH>6WFN@

Q6



$Q]DKODOOHU7HLOHDQHLQHU=lKOVWHOOH>6WFN@

%HL 6\QFKURQLVDWLRQV]HLWHQ 76\QF !  OlVVW VLFK GHU 6RUWLHUOHLVWXQJVYHUOXVW GXUFKUH]LUNXOLHUHQGH7HLOHDOOHUGLQJVNDXPDQDO\WLVFKTXDQWLIL]LHUHQ 6REDOG ]ZLVFKHQ ]ZHL %DWFKHV NHLQH 6RUWLHUJWHU PHKU HLQJHVFKOHXVW ZHUGHQ VLQNW Q6  WKHRUHWLVFK ELV DXI Q5 'HU 5H]LUNXODWLRQVIDNWRU YHUULQ JHUW VLFK REZRKO QLFKW GLH UH]LUNXOLHUHQGHQ *WHU ]XU ZHLWHUHQ /HLVWXQJV PLQGHUXQJ GHV 6RUWHUV EHLWUDJHQ GD VLH LQ GLHVHP =HLWUDXP NHLQH (LQ VFKOHXVXQJHQYHUKLQGHUQ

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV

'LH $XVOHJXQJ GHV $QWULHEV EHVFKlIWLJW VLFK PLW GHU )UDJH ZHOFKH /HLV WXQJ GHU $QWULHE RGHU GLH $QWULHEH KDEHQ PVVHQ XP GHQ 9HUWHLOI|UGHUHU LQ DOOHQ %HWULHEV]XVWlQGHQ HLQVFKOLH‰OLFK GHV $QIDKUYRUJDQJV VLFKHU EHWUHLEHQ]XN|QQHQ 'LH $QWULHEVOHLVWXQJ HLQHV )|UGHUPLWWHOV EHVWLPPW VLFK DOOJHPHLQ DXV GHU)|UGHUJHVFKZLQGLJNHLWXQGGHQ%HZHJXQJVZLGHUVWlQGHQ

3

Z ) TY :

.

>:@

 



'LH%HUHFKQXQJ

3



$QWULHEVOHLVWXQJGHV)|UGHUPLWWHOV

):



*HVDPWZLGHUVWDQGVNUDIW>1@

Y.



*HVFKZLQGLJNHLWGHV9HUWHLOI|UGHUHUVRGHU.HWWHQJHVFKZLQGLJNHLW>PV@

+LHUDXV HUJLEW VLFK GLH 9ROOODVWEHKDUUXQJVOHLVWXQJ GHV 0RWRUV EHU GHQ :LUNXQJVJUDGGHV$QWULHEV

3

0

\

$QWVDXFK$EVFKQ 

Z3 Z /

 

3

\

>:@ $QW

3 0



0RWRUOHLVWXQJ>:@

3/



9ROOODVWEHKDUUXQJVOHLVWXQJ>:@

Ș$QW



*HVDPWZLUNXQJVJUDGGHV$QWULHEV>@

)U GLH $QWULHEVGLPHQVLRQLHUXQJ PVVHQ GHPQDFK GLH )|UGHUJHVFKZLQ GLJNHLW XQG GHU *HVDPWZLGHUVWDQG GHV 9HUWHLOI|UGHUHUV EHNDQQW VHLQ 'LH )|UGHUJHVFKZLQGLJNHLW.HWWHQJHVFKZLQGLJNHLW OLHJW]ZLVFKHQXQG 0HWHUQSUR6HNXQGH 'HU *HVDPWZLGHUVWDQG ): VHW]W VLFK DXV GHP *HVDPWUHLEXQJVZLGHU VWDQG)5XQGGHP6WHLJXQJVZLGHUVWDQG)6W]XVDPPHQ

)

:

Z) ”) 5

):



)5 



*HVDPWUHLEXQJVZLGHUVWDQG>1@

)67



6WHLJXQJVZLGHUVWDQG>1@

6W

 

>1@

*HVDPWZLGHUVWDQGVNUDIW>1@

*HVDPWUHLEXQJVZLGHUVWDQG

'HU*HVDPWUHLEXQJVZLGHUVWDQG)5EHVWHKWDXVGHP

E E

E

+DXSWZLGHUVWDQG)+DXSWGXUFKGLH/DXIXQG)KUXQJVUROOHQGHQ 1HEHQZLGHUVWlQGHQ)1HEHQZLH 

8POHQNZLGHUVWDQG)8PO



(LQVFKOHXVZLGHUVWDQG)(LQ XQG



$XVVFKOHXVZLGHUVWDQG)$XV VRZLHGHQ

6RQGHUZLGHUVWlQGHQ)6RQGHU

)

5

)5 



Z)

+DXSW

”)

1HEHQ

*HVDPWUHLEZLGHUVWDQG>1@

”)

6RQGHU

>1@

 

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV

)+DXSW



+DXSWZLGHUVWDQG >1@

)1HEHQ



1HEHQZLGHUVWDQG>1@

)6RQGHU



6RQGHUZLGHUVWDQG>1@



+DXSWZLGHUVWDQG

'HU +DXSWZLGHUVWDQG HQWVWHKW GXUFK :LGHUVWlQGH DQ GHQ 7UDJ XQG )K UXQJVUROOHQ GHU )DKUZDJHQ RGHU GHV 3ODWWHQEDQGHV 'LH /DXI XQG )K UXQJVUROOHQ VLQG ZlO]JHODJHUWH 5lGHU PLW HLQHU .XQVWVWRIIEDQGDJH DXV 3RO\XUHWKDQ

)

+DXSW

Z Q T ) Z Q T …) ” ) 5

)

))



Q5



$Q]DKOGHU/DXIUlGHU

)5 



5DGZLGHUVWDQGVNUDIW>)@

)/



/DJHUZLGHUVWDQGNUDIW>)@

5

5

/

‰

 

>1@

)DKUZLGHUVWDQGNUDIWIUHLQ/DXIUDG>)@

'HU )DKUZLGHUVWDQG )) HLQHV 5DGHV LVW GLH DP 8PIDQJ GHV 5DGHV DXI]X EULQJHQGH +RUL]RQWDONUDIW LQ )DKUULFKWXQJ ]XU hEHUZLQGXQJ GHU 5ROO XQG /DJHUUHLEXQJ 'LH5ROOUHLEXQJ)5HQWVWHKWGXUFKGLH9HUIRUPXQJHQ]ZLVFKHQ 5DG=\ OLQGHU XQG GHU /DXIEDKQ EHLP $EUROOHQ =XU EHUVFKOlJLJHQ %HUHFKQXQJ ZLUGLQGHU5HJHOHLQYHUHLQIDFKWHV0RGHOOKHUDQJH]RJHQV$EE 



 5













 $EE0RGHOOGHU5ROOUHLEXQJ







'LH%HUHFKQXQJ

'LH 'UXFNVSDQQXQJVYHUWHLOXQJ LQ GHU .RQWDNWIOlFKH EHLP 5ROOYRUJDQJ ]ZHLHU .|USHU ZLUG QDFK GHP 3ULQ]LS GHU +HUW]VFKHQ 3UHVVXQJ HUPLWWHOW %HVWHKW HLQ .|USHU DXV .XQVWVWRII VR PXVV GDV YLVNRHODVWLVFKH 9HUKDOWHQ GHV:HUNVWRIIHVEHUFNVLFKWLJWZHUGHQ'LHVHVEHGLQJWXQWHUDQGHUHP HLQH =HLWDEKlQJLJNHLWGHU:HUNVWRIINHQQZHUWH %HLP VWHKHQGHQ 5DG KDW GLHVHV NHLQH $XVZLUNXQJHQ EHLP UROOHQGHQ 5DG ZLUG GDV 0DWHULDO LP (LQODXIEHUHLFK GHU .RQWDNWIOlFKH JHVWDXFKW XQG LP$XVODXIEHUHLFKZLHGHUHQWVSDQQW'XUFKGLH=HLWDEKlQJLJNHLW+\VWHUH VH  HUJLEW VLFK HLQH XQV\PPHWULVFKH 6SDQQXQJVYHUWHLOXQJ GHUHQ UHVXOWLH UHQGH.UDIWXPGHQDOVÄ+HEHODUP GHU5ROOUHLEXQJ³EH]HLFKQHWHQ$EVWDQG I YRQ GHU 6\PPHWULHOLQLHGHV 5DGHV DQJUHLIW 0LW GHP 5DGGXUFKPHVVHU G5

y

HUJLEWVLFKGDUDXVGHU5ROOUHLEXQJVEHLZHUW

y Z



T

 

I >@

5

G

5

5

,VWGHU+HEHODUPGHU5ROOUHLEXQJIUHLQHEHVWLPPWH5DGSDDUXQJEHNDQQW NDQQGDUDXVGHU5ROOZLGHUVWDQG)5OHLFKWEHUHFKQHWZHUGHQ

)

5

Z) T



T

G

 

I >1@

1

5

)U HLQH EHUVFKOlJLJH %HUHFKQXQJ VLQG :HUWH LQ GHU /LWHUDWXU ]X ILQGHQ >:LO@ >%DO @ :LOO ILQGHW :HUWH IU I ]ZLVFKHQ  PP XQG  PP >:LO6@ *UXQGVlW]OLFKVLQGIUÄZHLFKHUH³:HUNVWRIIHXQGNOHLQH5DGGXUFKPHV VHU JU|‰HUH 5ROOZLGHUVWDQGH IU ÄKDUWH³ :HUNVWRIIH XQG JUR‰H 5DGGXUFK PHVVHUNOHLQHUH5ROOZLGHUVWlQGH]XYHUDQVFKODJHQ 'LH /DJHUUHLEXQJ LVW YRQ GHQ VSH]LILVFKHQ /DJHUSDUDPHWHUQ DEKlQJLJ %HL GHU 9LHO]DKO YRQ /DJHUQ HLQHV 6RUWHUV VLQG GLH $XVZLUNXQJHQ HLQHV VFKOHFKWHUHQ RGHU EHVVHUHQ /DJHUUHLEXQJVEHLZHUWHV YRQ %HGHXWXQJ IU GLH $QWULHEVOHLVWXQJ XQG GLH (QHUJLHELODQ] 7\SLVFKH :HUWH IU

y

/

ZHUGHQ LQ

GHU HLQVFKOlJLJHQ /LWHUDWXU RGHU 6WDQGDUGODJHUNDWDORJHQ JHQDQQW 6LH OLHJHQ IU :lO]ODJHUXQJHQ EHL   >6FK 6 @ 8P GHQ /DJHUUHL EXQJVZLGHUVWDQG DXI GHQ 5DGXPIDQJ ]X SURML]LHUHQ PXVV QRFK GDV 9HU KlOWQLV GHV /DJHUGXUFKPHVVHUV G/ ]XP 5DGGXUFKPHVVHU G5 EHUFNVLFKWLJW ZHUGHQ0LWGHU5DGODVW)1HUJLEWVLFKHLQ/DJHUUHLEXQJVZLGHUVWDQGYRQ

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV

Z ) Ty T

)

/

1

G

/

/

G



  >1@

5

6RPLW OlVVW VLFK GHU )DKUZLGHUVWDQG )) EHL EHNDQQWHU 5DGODVW )1 ZLH IROJW EHUHFKQHQ

)

)

Z

)

1

G

T … T

” y TG

I

/

/

‰

  >1@

5

RGHUPLWGHP VSH]LILVFKHQ)DKUZLGHUVWDQG

y

Z

)



T

I

” y TG /

G

/

  >@

5

HUJLEWVLFKGHU)DKUZLGHUVWDQG]X

)

)

Z ) Ty 1

)

I



+HEHODUPGHU5ROOUHLEXQJ>PP@

ȝ/



/DJHUUHLEXQJV]DKO>@

G5



>1@

 

5DGGXUFKPHVVHU>PP@'LH$ESODWWXQJLQGHU$XIVWDQGVIOlFKHLVWVRJHULQJ GDVVVLHYHUQDFKOlVVLJWZHUGHQNDQQ 

G/



/DJHU]DSIHQGXUFKPHVVHU>@

)*



*HZLFKWVNUDIW>1@

)5 



5ROOUHLEXQJVZLGHUVWDQG>1@

)1



1RUPDONUDIW>1@

)/



/DJHUUHLEXQJVZLGHUVWDQG>1@

'HU )DKUZLGHUVWDQG LVW DOVR XQWHU DQGHUHP YRQ GHU 5DGODVW )1 DEKlQJLJ ZDV EHGHXWHW GDVV GLHVH 5DGODVW ]X HLQHU JHQDXHQ %HUHFKQXQJ IU DOOH 6WUHFNHQDEVFKQLWWH EHNDQQW VHLQ PXVV 'LH 7UDJUROOHQUDGODVW YDULLHUW PLW GHP %HODGXQJV]XVWDQG GHV )DKUZDJHQV XQG YHUWLNDOHQ %HVFKOHXQLJXQJHQ IDOOV 6WHLJXQJHQ XQG *HIlOOH YRUKDQGHQ VLQG 'LH )KUXQJVUROOHQUDGODVW KLQJHJHQ NDQQ WHLOZHLVH EHL Ä1XOO³ OLHJHQ GD GLHVH EHL *HUDGHDXVODXI NDXPEHODVWHWZHUGHQXQGLQ.XUYHQVWFNHQQXUGLHNXUYHQlX‰HUHQ5ROOHQ EHODVWHWZHUGHQ 'LHVHU REHQ EHUHFKQHWH )DKUZLGHUVWDQG JLOW QXU IU GHQ *HUDGHDXVODXI GHU 5ROOHQ ,Q .XUYHQIDKUWHQ WUHWHQ VSH]LHOO DQ GHQ 7UDJUROOHQ ZHLWHUH :LGHUVWlQGH LQVEHVRQGHUH GXUFK GHQ PLW GHU EHVRQGHUHQ .LQHPDWLN YHU EXQGHQHQ 6FKUlJODXI DXI :LOO VWHOOW LQ VHLQHQ 8QWHUVXFKXQJHQ LQ $EKlQ



'LH%HUHFKQXQJ

JLJNHLW YRP 5DGEDQGDJHQZHUNVWRII HUKHEOLFKH )DKUZLGHUVWDQGVHUK|KXQ JHQ GXUFK GHQ 6FKUlJODXI IHVW >:LO 6@ (V LVW GDKHU HPSIHK OHQVZHUW GLH VFKRQ JHQDQQWH 1DFKOlXIHUNRQVWUXNWLRQ IU GLH 7UDJUROOHQ ODJHUXQJ]XYHUZHQGHQ

1HEHQZLGHUVWlQGH

:lKUHQG GLH +DXSWZLGHUVWlQGH GLUHNW DXV GHP 7UDQVSRUWYRUJDQJ GHV )|UGHUHUVUHVXOWLHUHQHUJHEHQVLFKGLH1HEHQZLGHUVWlQGHDXVXQHUZQVFK WHQ 5HLEXQJVYHUOXVWHQ GHUHQ 9HUPHLGXQJ RGHU 9HUULQJHUXQJ =LHO HLQHU WHFKQLVFKHQ2SWLPLHUXQJVHLQVROOWH

)

1HEHQ

Z)

8PO

”)

(LQ

)8PO



8POHQNZLGHUVWDQG>1@

)(LQ



(LQVFKOHXVZLGHUVWDQG>1@

)$XV



$XVVFKOHXVZLGHUVWDQG>1@

”)

:HVHQWOLFKH 1HEHQZLGHUVWlQGH EHLP

$XV

>1@

 

9HUWHLOI|UGHUHU HQWVWHKHQ DQ GHQ

8POHQNXQJHQXQGWHLOZHLVHEHLGHU(LQXQG$XVVFKOHXVXQJ 8POHQNZLGHUVWDQG 'HU8POHQNZLGHUVWDQGWULWWHQWZHGHUDQPLWGUHKHQGHQ8POHQNUlGHUQRGHU VWLOOVWHKHQGHQ )KUXQJVVFKLHQHQ DXI 9HUQDFKOlVVLJW PDQ GLH 5HLEXQJHQ LQQHUKDOE GHU .HWWHQJHOHQNH EOHLEW GLH 5HLEXQJ GHU 8POHQNUDGODJHUXQJ RGHU GLH GHU )KUXQJVUROOHQ LQ GHU )DKUVFKLHQH 'LH 5HLEXQJ ZLUG GXUFK HLQH HUK|KWH 1RUPDONUDIW EHVWLPPW GHUHQ *U|‰H YRQ GHU .HWWHQ]XJNUDIW DEKlQJW












  

$EE8POHQNNUDIW

.2  #"

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV



(VHUJLEWVLFKLQGHU8POHQNXQJHLQH]XVlW]OLFKH.UDIWYRQ

§

Z  T ) T VLQ ¨

)

1 8PO

·

 

¸ >1@

.

©  ¹

0LWGHUDXVGHU*HRPHWULHLQ$EEDEOHLWEDUHQ%H]LHKXQJ

G

8PO

§

T VLQ ¨



· ¸

Z

©  ¹

O

  .



NDQQ PDQ GLH ]XVlW]OLFKH 5DGODVW DXV GHU .HWWHQ]XJNUDIW GHU 7HLOXQJ XQG GHP8POHQNUDGLXVEHVWLPPHQ

)

1 8PO

Z T

)

.

TO

.

  >1@

G

8PO

).



.HWWHQ]XJNUDIW>1@

O.



.HWWHQWHLOXQJ>PP@

G8PO



'XUFKPHVVHUGHU8POHQNXQJ>PP@

Į



7HLOXQJVZLQNHO >ƒ@

'HU GDUDXV HQWVWHKHQGH 8POHQNZLGHUVWDQG LVW YRQ GHU ORNDOHQ .HWWHQ]XJ NUDIW DEKlQJLJ 'LH (UPLWWOXQJ GLHVHU ORNDOHQ .HWWHQ]XJNUDIW LVW DXIZlQ GLJ $EE  ]HLJW HLQ YHUHLQIDFKWHV 0RGHOO GHU .HWWHQ]XJNUDIWYHUWHLOXQJ $XIGHU[$FKVHLVWGLHJHVDPWH/lQJHGHV.UHLVI|UGHUHUVDXIJHWUDJHQ $XIGHU/LQNHQ6HLWHLVWGLH=XJNUDIWYHUWHLOXQJEHUGLHJHVDPWH /lQJH GHV 9HUWHLOI|UGHUHUV /*HV GDUJHVWHOOW 'LH .HWWHQVSDQQNUDIW )6SDQQ EOHLEW EHU GLH JHVDPWH .HWWHQOlQJH XQJHIlKU JOHLFK GLH .HWWHQ]XJNUDIW VWHLJW ZHJHQ GHU :LGHUVWDQGVNUlIWH NRQWLQXLHUOLFK DQ ELV VLH DP $QWULHE GXUFK GLH $QWULHEVNUDIW )$QW DEJHEDXW ZLUG 'LHVH OLQHDUH 6WHLJXQJ JLOW IU GHQ )DOOGDVVGLH/DVWJOHLFKPl‰LJEHUGLHJHVDPWH/lQJHYHUWHLOWLVW $XI GHU UHFKWHQ 6HLWH LVW GDV JOHLFKH 6\VWHP PLW GHU JOHLFKHQ %HODVWXQJ DOOHUGLQJV PLW YLHU LQ JOHLFKHP $EVWDQG DQJHRUGQHWHQ $QWULHEHQ GDUJH VWHOOW %HL PHKUHUHQ $QWULHEHQ ZLUG GLHELV ]XP HUVWHQ $QWULHE GXUFK GLH :LGHU VWDQGVNUlIWH HQWVWDQGHQH .HWWHQ]XJNUDIW GXUFK GLH $QWULHEVNUDIW )$QW VFKRQ DEJHEDXW VR GDVV GLUHNW KLQWHU GHP $QWULHE GLH .UDIW LQ GHU .HWWH ELV DXI .HWWHQVSDQQNUDIW DEVLQNW 'XUFK GLHVH $QRUGQXQJ YHUULQJHUW VLFK GLH PD[LPDOH .HWWHQ]XJNUDIW ). $EVFKQQRFKHLQJHJDQJHQ

PD[

$XI GLH 0HKUIDFKDQWULHEH ZLUG LP



'LH%HUHFKQXQJ





 




 




 

'. ,

'.2 ,

1. ,



,

'. ,

'.2 ,

1. ,

,

$EE.HWWHQ]XJNUDIWYHUWHLOXQJ

$Q GLHVHU 6WHOOH VROO PLW GHP 9RUJULII ]XQlFKVW GDUJHVWHOOW ZHUGHQ ZLH VFKZLHULJ GLH ORNDOH .HWWHQ]XJNUDIW HQWODQJ GHU /LQLHQIKUXQJ GHV )|UGH UHUV]XHUPLWWHOQLVW$OVZHLWHUH6FKZLHULJNHLWHUJLEWVLFKGLH$QWULHEVNUDIW )$QW  GHU HLQ]HOQHQ $QWULHEH DXV GHU EHQ|WLJWHQ $QWULHEVOHLVWXQJ GLH HUVW PLWWHOVGHUKLHUEHUHFKQHWHQ:LGHUVWDQGVNUlIWHHUPLWWHOWZLUG (VHPSILHKOWVLFKGDKHUHLQLWHUDWLYHV9RUJHKHQLQGHP ]XQlFKVWGLH$Q WULHEVNUDIW RKQH GLHVH 9HUOXVWH HUPLWWHOW ZLUG XQGGDQDFK GDQQ PLW GLHVHP (UJHEQLV GLH 9HUOXVWNUlIWH EHUHFKQHW XQG KLQ]XDGGLHUW ZHUGHQ 0DQ NDQQ DXFK ]XQlFKVW PLW HLQHP ILNWLYHQ :HUW UHFKQHQ XP EHUHLWV EHL GHU HUVWHQ ,WHUDWLRQQlKHUDP(UJHEQLV]XOLHJHQ>:LO6@ (LQVFKOHXVZLGHUVWDQG 'HU (LQVFKOHXVZLGHUVWDQG HQWVWHKW GXUFK *WHU GLH ODQJVDPHU DOV PLW GHU 6RUWHUJHVFKZLQGLJNHLW HLQJHVFKOHXVW ZHUGHQ 'LHVH

PVVHQ GXUFK GHQ

6RUWHU EHVFKOHXQLJW ZHUGHQ ZDV GXUFK GLH =XIKUXQJ YRQ NLQHWLVFKHU (QHUJLH HUIROJW 'LH %HVFKOHXQLJXQJVVWUHFNH NDQQ PD[LPDO GLH /lQJH HLQHU*XWDXIQDKPH6FKDOH4XHUJXUW EHWUDJHQ 'LH ]XU %HVFKOHXQLJXQJ EHQ|WLJWH (QHUJLH HUJLEW VLFK DXV GHU 'LIIHUHQ] ]ZLVFKHQ GHU .HWWHQJHVFKZLQGLJNHLW Y. GHV 9HUWHLOI|UGHUHUV XQG GHU hEHUJDEHJHVFKZLQGLJNHLWYhEGHV6RUWLHUJXWHVPLWGHU0DVVHP6RUW

(

NLQ

Z



TP

6RUW

T Y w Y 

.



hE

  >-@



'LH (QHUJLHHUK|KXQJ HQWVSULFKW GHU ]XJHIKUWHQ $UEHLW 'LHVH HUJLEW VLFK DXV GHU .UDIW )(LQ XQG GHP :LUNZHJ O: (V VLQG MHZHLOV QXU GLH LQ %HZH JXQJVULFKWXQJZLUNHQGHQ.RPSRQHQWHQ]XEHUFNVLFKWLJHQ

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV

(

NLQ

Z: Z )

(LQ

TO



 

>-@

:

+LHUDXVOlVVWVLFKGHU(LQVFKOHXVZLGHUVWDQGDEOHLWHQ

)

(LQ

Z

P

T

6RUW



TO

…

Y

 .

wY



hE

‰

  >1@

Z

'LHVHU :LGHUVWDQG WULWW QXU IU GHQ (LQVFKOHXV]HLWSXQNW DOOHUGLQJV XQWHU 8PVWlQGHQ

DQ

SDUDOOHOHQ

(LQVFKOHXVXQJHQ

HLQHV

(LQVFKOHXVEHUHLFKHV

JOHLFK]HLWLJ DXI 'DKHU EHVWHKW LQ GHU 5HDOLWlW GDV 3UREOHP GLH $Q]DKO RGHUGHQ)DNWRUGHU]XEHUFNVLFKWLJHQGHQ(LQVFKOHXVNUlIWH]XEHVWLPPHQ $XIGLH'DXHUEHWUDFKWHWZHUGHQLP 0LWWHODEHUQLFKWPHKUHUH(LQVFKOHXV VWUHFNHQ JOHLFK]HLWLJ HLQVFKOHXVHQ GD EHL HLQHP

9HUWHLOI|UGHUHU RKQH

0HKUIDFKDXVVFKOHXVPHFKDQLVPHQ GLH IUHLHQ *XWDEODJHQ KLQWHUHLQDQGHU XQG HLQ]HOQ DQ GHU (LQVFKOHXVXQJ YRUEHLIDKUHQ 1DFKGHP PHKUHUHU (LQ VFKOHXVOLQLHQ JOHLFK]HLWLJ HLQJHVFKOHXVW KDEHQ VLQG ]XQlFKVW NHLQH IUHLHQ 3OlW]H]XU(LQVFKOHXVXQJYRUKDQGHQ (V VROOWH DOOHUGLQJV HLQ )DNWRU IU GLH $Q]DKO GHU (LQVFKOHXVEHUHLFKH XQG IU GLH $Q]DKO SDUDOOHOHU (LQVFKOHXVXQJHQ KLQ]XNRPPHQ GD GLH (LQVFKOHXVEHUHLFKH GXUFKDXV SDUDOOHO DUEHLWHQ XQG EHLVSLHOVZHLVH EHLP 'RSSHOVWRFNVRUWHU HEHQIDOOV DXI 'DXHU SDUDOOHO HLQJHVFKOHXVW ZLUG %HL HLQHU 'LDJRQDOHLQVFKOHXVXQJ PLW ]ZHL (LQVFKOHXVEHUHLFKHQ XQG HLQHP 9HUWHLOI|UGHUHU RKQH SDUDOOHOH *XWDXIQDKPHQ HUJlEH VLFK DOVR HLQ (LQ VFKOHXVZLGHUVWDQGYRQ

)

(LQ

Z T

P

6RUW

T

 O

T

…



Y

.

wY



hE

‰

  >1@

:

(V EOHLEW GLH )UDJH GHU :LUNOlQJH 6LH VROO QDWUOLFK P|JOLFKVW NXU] VHLQ KlQJW DEHU YRQ GHU *HVFKZLQGLJNHLWVGLIIHUHQ] GHP *XWJHZLFKW XQG GHP 5HLEZHUW]ZLVFKHQ*XWXQG*XWDXIODJHDE 'HU %UHPVZHJ OlVVW VLFK EHU HLQH (QHUJLHEHWUDFKWXQJ HUPLWWHOQ 'LH NLQHWLVFKH (QHUJLH (.LQ GHV *XWHV LVW YRQ VHLQHU 0DVVH XQG *HVFKZLQGLJ NHLWDEKlQJLJ

(

.LQ

Z

 P

TY



  >-@



,Q5HODWLRQ]XU*HVFKZLQGLJNHLWGHU*XWDXIQDKPHHUJLEWVLFK



'LH%HUHFKQXQJ

(

.LQ



Z

P

…

T



Y



.

wY



hE

‰

  >-@

'LHVH(QHUJLHZLUGGXUFKGLH5HLENUDIW)5]ZLVFKHQ*XWDXIQDKPHXQG*XW XQGEHUGHQ:LUNZHJO:LQ5HLEDUEHLWXPJHZDQGHOW

(

.LQ

Z

 P

T



…



Y

.

wY



hE

‰Z

)

5

TO

:

  >-@

+LHUDXVOlVVWVLFKGHU:LUNZHJO:EHUHFKQHQ

O

:

Z

P

T

…



Y

.



wY



hE

‰

T)

  >P@

5

O:



:LUNZHJGHU*HVFKZLQGLJNHLWVDQJOHLFKXQJ>P@

P6RUW



0DVVHGHV6RUWLHUJXWV>NJ@

Y.



*HVFKZLQGLJNHLWGHV9HUWHLOI|UGHUHUV>PV@

YhE



*HVFKZLQGLJNHLWVNRPSRQHQWHGHUhEHUJDEHLQ+DXSWI|UGHUULFKWXQJ>PV@

'LH PD[LPDOH 5XWVFKOlQJH LVW GLH 6FKDOHQOlQJH DE]JOLFK GHU *XWOlQJH 'DKHUVROOWHQIUGHQ:LUNZHJDOV0LWWHOZHUWGHU*XWDXIQDKPHQOlQ JHDQJHVHW]WZHUGHQ $XVVFKOHXVZLGHUVWDQG 'LH(QWVWHKXQJGHV$XVVFKOHXVZLGHUVWDQGHVLVWYRP7\SGHV9HUWHLOI|UGH UHUV DEKlQJLJ +LHU ZHUGHQ ]XQlFKVW GLH DEI|UGHUQGHQ $XVVFKOHXVPHFKD QLVPHQ PLW (LQ]HOSODW]EHOHJXQJ EHWUDFKWHW DQVFKOLH‰HQG GLH DEZHLVHQGHQ 0HFKDQLVPHQPLW(LQ]HOSODW]XQGIUHLHU%HOHJXQJ %HL 6RUWHUQ PLW DEI|UGHUQGHQ $XVVFKOHXVPHFKDQLVPHQ ZHUGHQ GLHVH WHLOZHLVH EHU HLQ 5HLEUDGJHWULHEH EHWlWLJW VR GDVV KLHUGXUFK GHU $XV VFKOHXVZLGHUVWDQGHQWVWHKW :LH EHL GHU (LQVFKOHXVXQJ NDQQ DXFK GHU $XVVFKOHXVZLGHUVWDQG EHU GLH(QHUJLHEHUHFKQHWZHUGHQ

(

$XV

Z: Z )

$XV

TO

:

>-@

 

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV



'LH ]XU $XVVFKOHXVXQJ EHQ|WLJWH (QHUJLH HQWVSULFKW GHU ]X YHUULFKWHQGHQ $UEHLW'LH$UEHLWLVWGDV3URGXNWDXV$XVVFKOHXVZLGHUVWDQGVNUDIW)$XVXQG GHU:LUNOlQJHO:

)

$XV

Z

(

$XV

  >1@

O

:

'LH IU GLH $XVVFKOHXVXQJ EHQ|WLJWH (QHUJLH NDQQ H[SHULPHQWHOO RGHU DQDO\WLVFK HUPLWWHOW ZHUGHQ 'URVWH KDW IU GDV $XVVFKOHXVHQ PLW HLQHU .LSSVFKDOH GLH $XVVFKOHXVHQHUJLHQ IU XQWHUVFKLHGOLFKH .RQVWHOODWLRQHQ EHVWLPPW >'UR@ )U GLH $XVVFKOHXVXQJ HLQHV 6RUWLHUJXWHV PLW HLQHP *HZLFKWYRQNJEHLHLQHU.HWWHQJHVFKZLQGLJNHLWYRQPVHUPLWWHOWHHU HLQH(QHUJLHYRQ-RXOH 'LH:LUNOlQJHO:LVWEHLHLQHU:HLFKHGLHLQ+DXSWI|UGHUULFKWXQJSURML ]LHUWH :HLFKHQOlQJH RGHU EHL HLQHP 5HLEDQWULHE GLH /lQJH GHU 5HLEVFKLH QH %HL HLQHU 5HLEVFKLHQHQOlQJH YRQ  P HUJLEW VLFK EHLVSLHOVZHLVH HLQH $XVVFKOHXVNUDIW YRQ  1 'D MHGRFK PHKUHUH $XVVFKOHXVPHFKDQLVPHQ JOHLFK]HLWLJ EHWlWLJW ZHUGHQ LVW GLH REHQ HUPLWWHOWH $XVVFKOHXVNUDIW QRFK PLWGHP)DNWRUQ$XV]XPXOWLSOL]LHUHQ

Z

)

$XV

(

$XV

TQ

  $XV

>1@

O

:

%HL GHQ DEZHLVHQGHQ $XVVFKOHXVPHFKDQLVPHQ LVW GLH 5HLEXQJ ]ZLVFKHQ *XWXQG*XWDXIODJHGLHPD‰JHEOLFKH*U|‰HIUGLH%HUHFKQXQJ

)

5

Z ) T y >1@ 1

 

+LQ]X NRPPHQ EHL GHQ PLWEHZHJWHQ $EZHLVHUQ HYHQWXHOO GLH .UlIWH GLH LQQHUKDOE GHU $XVVFKOHXVPHFKDQLVPHQ HQWVWHKHQ ,Q GHU 5HJHO ZHUGHQ GLH 5HLENUlIWH GXUFK HLQH )KUXQJVUROOH EHUWUDJHQ GLH VLFK LP ƒ:LQNHO ]XU +DXSWI|UGHUULFKWXQJ LQ HLQHU )KUXQJ DEVWW]W 'LH 1RUPDONUDIW ]XU %HUHFKQXQJ GHV )DKUZLGHUVWDQGHV GLHVHU 6WW]UROOH EHUHFKQHW VLFK ZLH IROJWDXVGHU5HLENUDIW

)

1 65

Z ) T FRV  >1@ 5

 

0LW GHU 6RUWLHUJXWPDVVH P6RUW HUJLEW VLFK IU GLH $XVVFKOHXVNUDIW EHLP PLWEHZHJWHQ$EZHLVHU



'LH%HUHFKQXQJ

)

$XV

ZP

6RUW

T J T y T  ” y

)

T FRV  >1@

ȝ



ȝ)



VSH]LILVFKHU)DKUZLGHUVWDQGGHU6WW]UROOH>@

Į



:LQNHO]ZLVFKHQ$XVVFKOHXVULFKWXQJXQG+DXSWI|UGHUULFKWXQJ>ƒ@

 

5HLEEHLZHUW]ZLVFKHQ*XWXQG*XWDXIODJH>@

P6RUW



6RUWLHUJXWPDVVH >NJ@

Q$XV



=DKOGHUJOHLFK]HLWLJDNWLYHQ$XVVFKOHXVHU>@

)1



1RUPDONUDIWGHU6WW]UROOH>1@

65

$XFK KLHU LVW GLH HUPLWWHOWH .UDIW PLW GHU $Q]DKO GHU JOHLFK]HLWLJ DXVJH VFKOHXVWHQ*WHU]XPXOWLSOL]LHUHQ

6RQGHUZLGHUVWlQGH

6RQGHUZLGHUVWlQGHQ WUHWHQ QXU EHL EHVWLPPWHQ $QODJHQNRQILJXUDWLRQHQ DXI(LQLJHVHLHQKLHUH[HPSODULVFKDXIJHIKUW 6FKOHLIOHLWXQJVZLGHUVWlQGH :HUGHQ EHLVSLHOVZHLVH ]XU (QHUJLH XQG 'DWHQEHUWUDJXQJ 6FKOHLIOHLWXQ JHQ YHUZHQGHW HQWVWHKHQ KLHU 5HLEXQJVZLGHUVWlQGH GLH GDQQ HEHQIDOOV EHUFNVLFKWLJW ZHUGHQ VROOWHQ %HL EHNDQQWHU $QSUHVVNUDIW )6 GHV 6WURP DEQHKPHUV DXI GLH 6FKOHLIOHLWXQJ XQG EHNDQQWHP *OHLWUHLEXQJVEHLZHUW

y

6

OlVVW VLFK GHU :LGHUVWDQG IU MHGHQ 6WURPDEQHKPHU QDFK GHP &RX ORPEVFKHQ5HLEXQJVJHVHW]EHVWLPPHQ

)

56

Z y T) 6

6

>1@

)56



y

6



*OHLWUHLEXQJVEHLZHUW6WURPDEQHKPHU6FKOHLIOHLWXQJ>@

)6



$QGUXFNNUDIWGHV6WURPDEQHKPHUV>1@

 

5HLENUDIWGHV6WURPDEQHKPHUV>1@

'LHVHU :LGHUVWDQG LVW PLW GHU $Q]DKO GHU 6WURPDEQHKPHU $Q]DKO GHU )DKUZDJHQ [ $Q]DKO GHU 6FKOHLIOHLWXQJHQ  ]X PXOWLSOL]LHUHQ %DOWHUV HUPLWWHOWH EHL VHLQHQ 8QWHUVXFKXQJHQ HLQHQ 5HLEEHLZHUW DQ GHU YRQ LKP YHUZHQGHWHQ 6FKOHLIOHLWXQJ YRQ

y

6

 >%DO 6 @ 'LH )LUPD

9DKOH QHQQW IU GLH 6WURPDEQHKPHU LKUHU 6WDQGDUGVWURPVFKLHQH

Ä8³

HLQHQ .RKOHQDQSUHVVGUXFN YRQ  1 >9DK 6@ +LHUDXV OlVVW VLFK HLQ 6FKOHLIOHLWXQJVZLGHUVWDQG )56 YRQ  1 DEOHLWHQ *HQHUHOO VROOWH GLHVHU :HUWDQGHUUHDOHQ$QODJHGXUFK9HUVXFKHHUPLWWHOWZHUGHQ

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV



6WHLJXQJVZLGHUVWDQG

'HU 6WHLJXQJVZLGHUVWDQG HUJLEW VLFK DXV GHU 3ODQXQJ XQG 3URMHNWLHUXQJ GHV 6RUWHUV %HL .UHLVWRSRORJLHQ NRUUHVSRQGLHUW PLW MHGHU 6WHLJXQJ HLQ HQWVSUHFKHQGHV *HIlOOH EHLP /LQLHQ RGHU .DPPVRUWHU LVW HLQH 6WHLJXQJ HKHU XQW\SLVFK VR GDVV KLHU GLH 0DVVHQ GHU .HWWH XQG GHU $XVVFKOHXVHOH PHQWH QLFKW EHUFNVLFKWLJW ZHUGHQ PVVHQ :HQQ VLFK (LQVFKOHXVXQJHQ XQG $XVVFKOHXVXQJHQ DXI GHU JOHLFKHQ +|KH EHILQGHQ ZLUG ]ZDU I|UGHU WHFKQLVFK NHLQH 6HQNUHFKWI|UGHUXQJ UHDOLVLHUW GD MHGHV *XW QDFK HLQHP $QVWLHJ YRU VHLQHU $XVVFKOHXVXQJ ZLHGHU DXI GDV 8UVSUXQJVQLYHDX JH ODQJW GHQQRFK PXVV GHU $QWULHE IU GHQ =HLWSXQNW XQG 6RQGHUIDOO GDVV DXIGHU6WHLJXQJVVHLWHGLHPD[LPDOH%HODGXQJGHV6RUWHUVPLWHLQHUOHHUHQ *HIlOOHVWUHFNH]XVDPPHQIlOOWDXVJHOHJWVHLQ

$EE 9HUKlOWQLVVHEHL6WHLJXQJVVWUHFNHQ

0LWGHUVWUHFNHQEH]RJHQHQ6RUWLHUJXWPDVVH P6RUW ZLUGGLHDXIMHGHQ0HWHU GHU6WHLJXQJVVWUHFNH/ZLUNHQGH0DVVHGHILQLHUW6LHLVWGHU4XRWLHQWDXV GHQ (LQ]HOPDVVHQ GHU *WHU XQG GHU +RUL]RQWDOSURMHNWLRQ GHU 6WHLJXQJV VWUHFNH Q

 

¦ PL P

6RUW

Z



L

Z

>NJP@

/



L



$Q]DKOGHUDXIGHU6WHLJXQJVVWUHFNHEHILQGOLFKHQ*WHU

P6RUW



6WUHFNHQEH]RJHQHPLWWOHUH6RUWLHUJXWPDVVH

PL



0DVVHGHV*XWHVL>NJ@



'LH%HUHFKQXQJ

)U PL VROOWH VLFKHUKHLWVKDOEHU GLH PD[LPDOH %HODGXQJVNDSD]LWlW GHU *XW DXIQDKPHQHLQJHVHW]WZHUGHQ'HU6WHLJXQJVZLGHUVWDQGHUJLEWVLFKPLWGHU UHDOHQ6WHLJXQJVVWUHFNH/DXV

)

6W

Z / TP 

Q



6WHLJXQJVZLQNHO

/



6WHLJXQJVVWUHFNH>P@

T T VLQ Q

J

6RUW

 

>1@

0LWGHU8PIRUPXQJ

T VLQ Q Z + >P@

/



 

HUJLEWVLFKGHU6WHLJXQJVZLGHUVWDQG]X

)

6W

Z + TP

6RUW

T

 

 J >1@

P6RUW



VWUHFNHQEH]RJHQH0DVVHGHU6RUWLHUJWHU>NJP@

+



6WHLJXQJVK|KH

$QWULHEVOHLVWXQJ

'LH %HUHFKQXQJ GLHVHU (LQ]HOZLGHUVWlQGH LVW WHLOZHLVH VHKU DXIZlQGLJ VR GDVV HV VLFK HPSILHKOW GHQ *HVDPWUHLEXQJVZLGHUVWDQG XQG GLH $QWULHEV OHLVWXQJ DQKDQG HPSLULVFK HUPLWWHOWHU (UIDKUXQJVZHUWH PLWWHOV HLQHU VR JHQDQQWHQ*HVDPWUHLEXQJV]DKOIJHV]XHUPLWWHOQ0LWGHUJHVDPWHQKRUL]RQ WDO SURML]LHUWHQ /lQJH GHV 9HUWHLOI|UGHUHUV /*HV GHQ VWUHFNHQEH]RJHQHQ 0DVVHQ P9) GHV 9HUWHLOI|UGHUHUV XQG GHU 6RUWLHUJWHU P6RUW OlVVW VLFK GLH *HVDPWUHLEXQJVNUDIWHQWVSUHFKHQGHUPLWWHOQ

)

5

Z

I

JHV

T/

*HV

T P

9)

”P



6RUW



T J >1@

 

+LQ]X NRPPW JHJHEHQHQIDOOV GHU 6WHLJXQJVZLGHUVWDQG )67 'LH $QWULHEV OHLVWXQJGHV9HUWHLOI|UGHUHUVHUUHFKQHWVLFKDOVRHQWZHGHUQDFK

3

RGHU

Z )

+DXSW

”)

1HEHQ

”)

6RQGHU



TY

.

>:@

 

$QWULHEVDXVOHJXQJGHV9HUWHLOI|UGHUHUV

3

Z

…

I

JHV

T/

*HV

T P

9)

”P



6RUW

‰

T ” ) TY

 J

6W

.

>:@

IJHV



/*HV



+RUL]RQWDOSURMHNWLRQGHV9HUWHLOI|UGHUHUV>P@

P9)



VWUHFNHQEH]RJHQH0DVVHGHV9HUWHLOI|UGHUHUV>P@

P6RUW



VWUHFNHQEH]RJHQH0DVVHGHU6RUWLHUJWHU>P@

Y.



)|UGHUJHVFKZLQGLJNHLWGHV9HUWHLOI|UGHUHUVGHU.HWWH >PV@



 

*HVDPWUHLEXQJV]DKOHPSLULVFKHUPLWWHOW 

6LH ZLUG EHL JHJHEHQHU %HODGXQJ LP :HVHQWOLFKHQ GXUFK GHQ )DKUZLGHU VWDQG GHU DOV /DXI XQG )KUXQJVUROOHQ HLQJHVHW]WHQ .XQVWVWRIIUlGHU EH VWLPPW 1HEHQ GHQ 5DGDEPHVVXQJHQ EHHLQIOXVVHQ LQVEHVRQGHUH GLH G\QD PLVFKHQ(LJHQVFKDIWHQGHV%DQGDJHQZHUNVWRIIVJHNHQQ]HLFKQHWGXUFKGDV G\QDPLVFKH 'HKQPRGXO XQG GHQ PHFKDQLVFKHQ 9HUOXVWIDNWRU GHQ )DKU ZLGHUVWDQG

([SHULPHQWHOOH

8QWHUVXFKXQJHQ

]XP

)DKUZLGHUVWDQG

LP

VWDWLRQlUHQ %HWULHE VRZLH ]XP $QIDKUZLGHUVWDQG ]HLJHQ GDVV GXUFK $XV ZDKO JHHLJQHWHU 5lGHU GHU %HZHJXQJVZLGHUVWDQG HLQHU $QODJH QHQQHQV ZHUWUHGX]LHUWZHUGHQNDQQ>:LO@ :HUGHQGLH/HLVWXQJHQPLWGHQXQJQVWLJVWHQ3DUDPHWHUQEHUHFKQHWLVW HLQ ]XVlW]OLFKHU 6LFKHUKHLWVIDNWRU QLFKW QRWZHQGLJ %HL HLQHU HPSLULVFK HUPLWWHOWHQ *HVDPWUHLEXQJVNUDIW VROOWH EHUSUIW ZHUGHQ RE EHL GHU ]X SURMHNWLHUHQGHQ $QODJH EHVRQGHUH %HGLQJXQJHQ YRUOLHJHQ GLH LQ GHQ 8QWHUVXFKXQJHQ QLFKW EHUFNVLFKWLJW ZXUGHQ ,Q GLHVHQ )lOOHQ PVVWH GHU $QWULHEVOHLVWXQJHLQ6LFKHUKHLWVIDNWRUDXIJHVFKODJHQZHUGHQ

$Q]DKOGHU$QWULHEH

%HL GHU P|JOLFKHQ /lQJH GHU 6RUWHU YRQ ELV ]X P N|QQHQ KRKH $Q WULHEVOHLVWXQJHQ Q|WLJ ZHUGHQ XQG GLH .HWWHQ]XJNUlIWH GHUDUW DQVWHLJHQ GDVV GLH QRWZHQGLJHQ 4XHUVFKQLWWH GHU *HOHQNH XQG .HWWHQ ZLHGHUXP KRKH *HZLFKWH YHUXUVDFKHQ 'DKHU VROOWH LQ GLHVHQ )lOOHQ GLH QRWZHQGLJH $QWULHEVOHLVWXQJ DXI PHKUHUH $QWULHEH YHUWHLOW ZHUGHQ GLH HQWODQJ GHU 6RUWHUOLQLHQIKUXQJDQJHRUGQHWVLQG:HLWHUH*UQGHKLHUIUVLQG

E E E E

(LQVDW]NOHLQHUNRPSDNWHUXQGVWDQGDUGLVLHUWHU$QWULHEVHLQKHLWHQ /HLVWXQJVDQSDVVXQJEHUGLH$Q]DKOGHUDNWLYLHUWHQ$QWULHEH 5HGX]LHUXQJGHUPD[LPDOHQ.HWWHQ]XJNUDIW 5HGXQGDQ]EHL]HLWNULWLVFKHQ6RUWLHUHLQVlW]HQ

=XU (UPLWWOXQJ GHU HUIRUGHUOLFKHQ =DKO YRQ (LQ]HODQWULHEHQ VLQG GDKHU YHUVFKLHGHQH )UDJHQ ]X EHUSUIHQ =XU 8QWHUVFKUHLWXQJ HLQHU PD[LPDOHQ .HWWHQ]XJNUDIW PVVHQ GLH EHQ|WLJWH

$QWULHEVOHLVWXQJ GLH PD[LPDOH



'LH%HUHFKQXQJ

.HWWHQ]XJNUDIW XQG GLH JHZQVFKWH 9HUWHLOI|UGHUHUJHVFKZLQGLJNHLW KHUDQ JH]RJHQZHUGHQ

Q

$QW

 

3

Z )

.  PD[

,VW GLH /HLVWXQJ 3$QW

TY

>@ .

YRQ VWDQGDUGLVLHUWHQ (LQ]HODQWULHEHQ YRUJHJHEHQ

EHUHFKQHWVLFKGLH$Q]DKOGHU$QWULHEHQDFK

Q

$QW

Z 3 GLY 3

$QW

”  >@

Q$QW



=DKOGHU$QWULHEH>@

3$QW



/HLVWXQJHLQHV$QWULHEV>:@

3



HUIRUGHUOLFKH$QWULHEVOHLVWXQJ>:@

).PD[



PD[LPDOH.HWWHQNUDIW>)@

(V PXVV GDV 0D[LPXP

 

GLHVHU :HUWH JHQRPPHQ ZHUGHQ 'LHVHU :HUW

UHSUlVHQWLHUWGLHPLQLPDOH =DKOYRQ$QWULHEHQGLHDXV5HGXQGDQ]JUQGHQ EHOLHELJ HUK|KW ZHUGHQ NDQQ 'LH :LUNXQJ PHKUHU $QWULHEH DXI GLH PD[L PDOH.HWWHQ]XJNUDIWZXUGHEHUHLWVJUDILVFKLQ$EEGDUJHVWHOOW

$QRUGQXQJGHU$QWULHEH

,VW GLH $Q]DKO GHU EHQ|WLJWHQ $QWULHEVHLQKHLWHQ HUPLWWHOW JHKW HV XP GLH VLQQYROOH $QRUGQXQJ =XQlFKVW JLOW MH JOHLFKPl‰LJHU GHU $EVWDQG GHU $QWULHEH GHVWR JHULQJHU GLH PD[LPDOH .HWWHQ]XJNUDIW 'DUEHU KLQDXV VLQGZHLWHUH.ULWHULHQ]XEHDFKWHQ

E

'LH $QWULHEH VROOWHQ DQ 6WHOOHQ PLW PD[LPDOHQ .HWWHQ]XJNUlIWHQ LQVWDO OLHUW ZHUGHQ %HL YHUWLNDOHQ 9HUWHLOI|UGHUHUQ GLH LP 8QWHUWUXP QLFKW I|UGHUQZlUHGHU$QWULHEKLQWHUGHUOHW]WHQ$XVVFKOHXVXQJRGHUNRQNUHW LQGHUGDQQIROJHQGHQ8POHQNXQJJXWSRVLWLRQLHUW9HUWLNDOHU4XHUJXUW VRUWHU 6FKLHEHVFKXKVRUWHU «  %HL KRUL]RQWDO XPODXIHQGHQ )|UGHUHUQ ELHWHQVLFKHEHQIDOOVGLH6WHOOHQKLQWHUGHQ$XVVFKOHXVXQJHQDQ

E

:HJHQ SHULRGLVFKHU 6W|‰H EHLP (LQJUHLIHQ GHU .HWWHQHOHPHQWH LQ GHQ $QWULHE RGHU GXUFK GLH XQWHUEURFKHQHQ 5HDNWLRQVVFKLHQHQ GHV /LQHDU PRWRUV VROOWH GHU $EVWDQG XQJOHLFK GHP 9LHOIDFKHQ GHU .HWWHQWHLOXQJ VHLQ

E

$Q 8POHQNXQJHQ ZLUG GLH .HWWH ZHJHQ GHV 3RO\JRQHIIHNWV LQ 6FKZLQ JXQJHQ YHUVHW]W $QWULHEH VROOWHQ QLFKW LQ GLHVHQ %HUHLFKHQ SRVLWLRQLHUW ZHUGHQ :LOO QHQQW LQ VHLQHU $UEHLW HLQHQ 0LQGHVWDEVWDQG YRQ HLQHU .HWWHQWHLOXQJ>:LO6@

6FKOXSIXQG .LSSHQEHL GHU(LQVFKOHXVXQJ



(LQ ZHLWHUHV DXV GHU 3UD[LV NRPPHQGHV .ULWHULXP LVW GLH =XJlQJOLFKNHLW GHV$QWULHEVIU:DUWXQJVXQG5HSDUDWXU]ZHFNH

6FKOXSIXQG.LSSHQEHLGHU(LQVFKOHXVXQJ

=XU 9HUPHLGXQJ YRQ .LSS XQG 6FKOXSIEHZHJXQJHQ EHL GHU (LQ XQG $XVVFKOHXVXQJ VLQG GLH *HZLFKWV 5HLE XQG %HVFKOHXQLJXQJVNUlIWH DXIHLQDQGHUDE]XVWLPPHQVDXFK$EE 

ZP

)

*

)

5HLE

)

%HVFKO

6RUW

T J >1@

Z yT)

*

>1@

Z PTD

*XUW

)*



*HZLFKWVNUDIW>1@

)5HLE



5HLENUDIW>1@

)%HVFKO



%HVFKOHXQLJXQJVNUDIW>1@

P6RUW



0DVVHGHV6RUWLHUJXWHV>NJ@

J



(UGEHVFKOHXQLJXQJ>PVð@

y



+DIWUHLEEHLZHUW>@

D*XUW



*XUWEHVFKOHXQLJXQJ>PVð@

 

 

>1@

 



 

)UGLH6FKOXSIIUHLKHLWJLOW

)

%HVFKO

$EE%HVFKOHXQLJXQJ

r)

5HLE



'LH%HUHFKQXQJ

'DUDXVIROJW

TD

P

6RUW

*XUW

r yT)

 

*

XQGGLHPD[LPDOH*XUWEHVFKOHXQLJXQJ]X

D

*XUW

r y T J 

 

)UGLH.LSSIUHLKHLWJLOW

)

%HVFKO

TK r ) TO V

*

V

 



'DUDXVIROJW

P

6RUW

TD

*XUW

TK r P V

6RUW

T J TO

V

 

XQGGLHPD[LPDOH*XUWEHVFKOHXQLJXQJ]X

D

*XUW

rJ

O

V

  

K

V

KV



6FKZHUSXQNWK|KH>P@

OV



$EVWDQG ]ZLVFKHQ GHP 6FKZHUSXQNW XQG GHU LQ )|UGHUULFKWXQJ UFNZlUWL JHQ$XIVWDQGVNDQWHGHV6RUWLHUJXWHV>P@

5ROOZLGHUVWDQGDXI5ROOHQEDKQHQ

'HU *HVDPWZLGHUVWDQG YRQ QLFKW DQJHWULHEHQHQ 5ROOHQEDKQHQ ):5 VHW]W VLFK DXV YHUVFKLHGHQHQ .RPSRQHQWHQ ]XVDPPHQ GHP 5ROOZLGHUVWDQG )5 GHP /DJHUZLGHUVWDQG )/ GHP %HVFKOHXQLJXQJVZLGHUVWDQG )% XQG GHP 6WHLJXQJVZLGHUVWDQG )6W GHU EHL *HIlOOH QHJDWLY HLQJHKW XQG EHL ZDDJH UHFKWHQ5ROOHQEDKQHQJOHLFK1XOOLVW

) :5

Z) ”) ”) ” ) 5

/

)5 



5ROOUHLEXQJVZLGHUVWDQG>1@

)/



/DJHUZLGHUVWDQG>1@

%

6W

>1@

 

5ROOZLGHUVWDQGDXI5ROOHQEDKQHQ

)% 



%HVFKOHXQLJXQJVZLGHUVWDQG>1@

)6W



6WHLJXQJVZLGHUVWDQG>1@



'HU 5ROO XQG /DJHUZLGHUVWDQG ]ZLVFKHQ GHU 5ROOH XQG GHP 6RUWLHUJXW ZXUGH LQ $EVFKQ  EHUHLWV IU GHQ )DKUZLGHUVWDQG HQWVSUHFKHQG KHUJHOHLWHW

ZP

)

5



TJT

6RUW

T

G

)/

Z

y TJ TG /

G

T …P

/

6RUW

 

I

>1@ 5

” P T = x‰ >1@

 

5

5

+LQ]X NRPPW HLQ %HVFKOHXQLJXQJVZLGHUVWDQG GD GLH HLQ]HOQHQ 5ROOHQ GXUFKGDVVLFKGDUEHUEHZHJHQGH6RUWLHUJXWEHVFKOHXQLJWZHUGHQ

)

%

P5

Z

T

…

Y

wY

 6RUW

H

 5

‰

 

= A 1

5

'HU 6WHLJXQJVZLGHUVWDQG LVW EHL QLFKW DQJHWULHEHQHQ 5ROOHQEDKQHQ HQWZH GHU 1XOO EHL ZDDJHUHFKWHQ 5ROOHQEDKQHQ  RGHU QHJDWLY EHL *HIlOOH  'DKHU PXVV GHU :LQNHO

Q«EHL *HIlOOH HQWVSUHFKHQG QHJDWLY HLQJHWUDJHQ

ZHUGHQ

ZP

)

6W

6RUW

= A

T J T VLQQ

 

1

6RPLWHUJLEWVLFKGHU*HVDPWUROOZLGHUVWDQG

)

:5

ZP

§ 

6RUW

T J T ¨¨

T

I

§

T¨ ¨ ©

=

xT y T J TG /

G

/

G

©

P5

” y TG

/

”

…

Y

5

/

·

” VLQ Q ¸¸ ” ¹

5

 6RUW

wY

H5

 5

‰

· ¸ ¸ ¹

= A 1

P5



0DVVHGHUGUHKHQGHQ7HLOHHLQHU7UDJUROOH>NJ@

P6RUW



0DVVHHLQHV6RUWLHUJXWHV>NJ@

I



+HEHODUPGHUUROOHQGHQ5HLEXQJ>PP@

G5



$X‰HQGXUFKPHVVHUGHU7UDJUROOH>PP@

G/



/DJHU]DSIHQGXUFKPHVVHU/DJHULQQHQGXUFKPHVVHU >PP@

 



'LH%HUHFKQXQJ

—/



/DJHUUHLEXQJV]DKO

Y5



8PIDQJVJHVFKZLQGLJNHLWGHU5ROOHEHL%HUKUXQJPLWGHP6RUWLHUJXW>PV@

:lO]ODJHU 

*OHLWODJHU >@

Y6RUW



6RUWLHUJXWJHVFKZLQGLJNHLWEHL%HUKUXQJGHU5ROOH>PV@

H5



$EVWDQGGHU7UDJUROOHQ>PP@

=¶



7UDJUROOHQ]DKOMH*XWVWFN>@

Q



:LQNHO]ZLVFKHQGHU+RUL]RQWDOHQXQGGHU5ROOHQEDKQ>ƒ@

,VW GHU *HVDPWZLGHUVWDQG 1XOO HUJLEWVLFK NHLQH bQGHUXQJ GHU*HVFKZLQ GLJNHLW GDV 6RUWLHUJXW UROOW PLW GHU $XVVFKOHXVJHVFKZLQGLJNHLW LQ GHQ 6DPPHOEHUHLFK

1HLJXQJVZLQNHODQGHUJHUDGHQ5XWVFKH

'DPLW VLFK GDV 6RUWLHUJXW DQ MHGHU EHOLHELJHQ 6WHOOH GHU 5XWVFKH VHOEVWlQ GLJ ZLHGHU LQ %HZHJXQJ VHW]HQ NDQQ PXVV GHU 1HLJXQJVZLQNHO GHU 5XW VFKH JU|‰HU DOV GHU 5HLEXQJVZLQNHO GHU 5XKH +DIWUHLEXQJVZLQNHO  ]ZL VFKHQ5XWVFKHXQG6RUWLHUJXWVHLQ

$EE .UlIWHDQGHUJHUDGHQ5XWVFKH

'HU1HLJXQJVZLQNHOHUJLEWVLFKDXVGHU(QHUJLHEHWUDFKWXQJ

(

P

6RUW

TJT+ Z P

SRW

Z

(

UHLE

”(

NLQ

 

>-@



6RUW

T J T y T FRV Q T / ” T P 

+ 1DFKGHU6XEVWLWXWLRQ

/

Z VLQQ

6RUW

T

…

Y

 (

wY

 $

‰

IROJWGDUDXVGHU1HLJXQJVZLQNHO



1HLJXQJVZLQNHODQGHUJHUDGHQ5XWVFKH

WDQ

\

QZ 

w



 

wY T J T + Y





(

$

+LHUDXVOlVVWVLFKDXFKGLH(QGJHVFKZLQGLJNHLWY(HUUHFKQHQ

Y

(

Z

§



T J T + T ¨ w ©

\ WDQ

Q

· ¸

 

”Y

 $

>PV@

¹

į



1HLJXQJVZLQNHOGHU5XWVFKH>ƒ@

ȝ



5HLEEHLZHUW]ZLVFKHQ6RUWLHUJXWXQG5XWVFKH>@

Y$



$QIDQJVJHVFKZLQGLJNHLWLQ5XWVFKHQULFKWXQJ>PV@

Y(



(QGJHVFKZLQGLJNHLWLQ5XWVFKHQULFKWXQJ>PV@

+



+|KHQXQWHUVFKLHG>P@

/



/lQJHGHU5XWVFKH>P@

P6RUW



0DVVHGHV6RUWLHUJXWV>NJ@

J



(UGEHVFKOHXQLJXQJ>PVð@

%HL GLHVHQ %HUHFKQXQJHQ LVW MHGRFK ]X EHDFKWHQ GDVV GLH 5HLEZHUWH VWDUN VWUHXHQ GLH *HZLFKWH VHKU XQWHUVFKLHGOLFK VLQG XQG ZHLWHUH )DNWRUHQ HLQH UHFKQHULVFKH )HVWOHJXQJ GHU 5XWVFKHQQHLJXQJ VHKU VFKZLHULJ JHVWDOWHW VR GDVVKlXILJDXI(UIDKUXQJVZHUWH]XUFNJHJULIIHQZLUG

'LH6WHXHUXQJ

'LH 6WHXHUXQJ YRQ 6RUWLHUV\VWHPHQ ]lKOW ]X GHQ NRPSOH[HUHQ $XIJDEHQ GHU 0DWHULDOIOXVVVWHXHUXQJ LQVEHVRQGHUH GD GLH $QIRUGHUXQJHQ DQ GDV (FKW]HLWYHUKDOWHQ EHL JOHLFK]HLWLJHU $EELOGXQJ XPIDQJUHLFKHU 6WUDWHJLHQ V $EVFKQ  %HWULHEVVWUDWHJLHQ  LQ GHQ OHW]WHQ -DKUHQ VWHWLJ JHVWLHJHQ VLQG $OV *UXQGODJH IU

GLH IROJHQGHQ WLHIHU JHKHQGHQ %HWUDFKWXQJHQ

ZHUGHQ ]XQlFKVW HLQLJH DOOJHPHLQH $VSHNWH GHU 6WHXHUXQJVWHFKQLN ± PLW GHP)RNXVDXI$QZHQGXQJHQLQGHU6RUWHUWHFKQLN±HUOlXWHUW

*UXQGODJHQGHU6WHXHUXQJVWHFKQLN

)ROJW PDQ GHU ',1  VR HUJLEW VLFK IU 6WHXHUXQJVV\VWHPH HLQH .ODVVLIL]LHUXQJ QDFK GHQ .ULWHULHQ ,QIRUPDWLRQVGDUVWHOOXQJ 6LJQDOYHUDU EHLWXQJ +LHUDUFKLVFKHU $XIEDX 3URJUDPPUHDOLVLHUXQJ XQG 6WHXHUXQJV VWUXNWXU

,QIRUPDWLRQVGDUVWHOOXQJ

+LQVLFKWOLFK GHU ,QIRUPDWLRQVGDUVWHOOXQJ N|QQHQ 0DWHULDOIOXVVVWHXHUXQJHQ ZLHIROJWNODVVLIL]LHUWZHUGHQ

E

$QDORJH6WHXHUXQJHQ 9HUDUEHLWHWZHUGHQ$QDORJVLJQDOHGLH6LJQDOYHUDUEHLWXQJHUIROJWGXUFK VWHWLJH9HUNQSIXQJHQXQG)XQNWLRQHQ

E

%LQlUH6WHXHUXQJHQ 9HUDUEHLWHWZHUGHQ%LQlULQIRUPDWLRQHQGKUHLQELQlUH(LQJDQJV $XVJDQJVRGHU6SHLFKHUZHUWHRGHUDXFKELQlUH,QIRUPDWLRQHQDQGHUHU .RPSRQHQWHQ]%YRQ=HLWJOLHGHUQ'LH6LJQDOYHUDUEHLWXQJHUIROJW GXUFKORJLVFKH9HUNQSIXQJVEDXVWHLQH

E

'LJLWDOH6WHXHUXQJHQ 9HUDUEHLWHWZHUGHQ'LJLWDOVLJQDOHGKGLJLWDOLVLHUWH,QIRUPDWLRQHQEL QlUH=XVWDQGVZHUWHRGHUGLVNUHWLVLHUWHELQlUFRGLHUWH=DKOHQZHUWH 'LH 6LJQDOYHUDUEHLWXQJHUIROJWPLW+LOIHGLJLWDOHU)XQNWLRQVHLQKHLWHQZLH =lKOHU6SHLFKHURGHU5HFKHQZHUNH



'LH6WHXHUXQJ

'LH'LJLWDOWHFKQLNDXI%DVLVLQGXVWULHOOHU3&XQG6SHLFKHUSURJUDPPLHUED UHU6WHXHUXQJHQKDWDXIJUXQGLKUHUKRKHQ/HLVWXQJVIlKLJNHLWEHLJOHLFK]HL WLJ QLHGULJHQ 3UHLVHQ XQG YLHOHQ ZHLWHUHQ 9RUWHLOHQ ZLH ]% HLQIDFKH 3URJUDPPLHUEDUNHLW XQG (UZHLWHUEDUNHLW GLH $QDORJWHFKQLN SUDNWLVFK YROOVWlQGLJ YHUGUlQJW 'DV *OHLFKH JLOW IU GLH ELQlUH 6WHXHUXQJVWHFKQLN DXI %DVLV LQWHJULHUWHU /RJLNVFKDOWNUHLVH 6LH ILQGHW SUDNWLVFK QXU QRFK LQ GHU PDVFKLQHQQDKHQ 6WHXHUXQJ JHOHJHQWOLFK DOV )URQWHQG GLJLWDOHU 6\VWH PH$QZHQGXQJ

6LJQDOYHUDUEHLWXQJ

8QWHUGHP%HJULII6LJQDOYHUDUEHLWXQJZLUGGLH$UWXQG:HLVHNODVVLIL]LHUW LQGHUDQDORJHELQlUHXQGGLJLWDOH6LJQDOHYHUDUEHLWHWZHUGHQ

E

6\QFKURQVWHXHUXQJ %HL 6\QFKURQVWHXHUXQJHQ ZLUG GLH 6LJQDOYHUDUEHLWXQJ GXUFK HLQ ]\N OLVFK ZLHGHUNHKUHQGHV 6LJQDO JHWULJJHUW =X GLHVHQ 9HUDUEHLWXQJV]HLW SXQNWHQ ZHUGHQ GLH DQOLHJHQGHQ (LQJDQJVVLJQDOH HLQJHOHVHQ JHPl‰ 3URJUDPPDQZHLVXQJ ORJLVFK PLWHLQDQGHU YHUNQSIW XQG DQVFKOLH‰HQG GLH $XVJDQJVVLJQDOH HU]HXJW :LFKWLJ EHL 6\QFKURQVWHXHUXQJHQ LVW GLH (LQKDOWXQJ GHV $EWDVWWKHRUHPV GLH =\NOXV]HLW PXVV GHXWOLFK GK PLQ GHVWHQVXPGHQ)DNWRUNOHLQHUVHLQ DOVGLHNU]HVWH6LJQDOGDXHU:HL WHU GUIHQ VLFK ZlKUHQG GHV %HUHFKQXQJVYRUJDQJV GLH 6LJQDOH QLFKW lQ GHUQ ZDV ]% EHL DQDORJHQ (LQJDQJVZHUWHQ GXUFK GLH NXU]]HLWLJH 6SHLFKHUXQJ GHU 6LJQDOH LQ VRJ 6DPSOH +ROG*OLHGHUQ VLFKHUJHVWHOOW ZLUG

E

$V\QFKURQVWHXHUXQJ %HL DV\QFKURQ DUEHLWHQGHQ 6WHXHUXQJHQ IKUHQ bQGHUXQJHQ GHU (LQ JDQJVVLJQDOHGLUHNWXQGXQPLWWHOEDU]XbQGHUXQJHQGHU$XVJDQJVVLJQD OH (LQ 9HUDUEHLWXQJV]HLWWDNW E]Z HLQH =\NOXV]HLW H[LVWLHUW QLFKW 5H ODLVVWHXHUXQJHQRGHUHOHNWURQLVFKH6WHXHUXQJHQRKQH3UR]HVVRUJHK|UHQ ]%LQGLHVH6WHXHUXQJVNDWHJRULH

E

9HUNQSIXQJVVWHXHUXQJ ,Q HLQHU 9HUNQSIXQJVVWHXHUXQJ ZHUGHQ DXV GHQ (LQJDQJVVLJQDOHQ GXUFK ERROHVFKH 9HUNQSIXQJVUHJHOQ GLH $XVJDQJVVLJQDOH XQPLWWHOEDU HUPLWWHOW 9HUNQSIXQJVVWHXHUXQJHQ DUEHLWHQ RKQH =HLW XQG 6SHLFKHU JOLHGHUGK GHU=XVWDQGGHU$XVJDQJVVLJQDOHZLUGDOOHLQGXUFKGHQ=X VWDQG GHU (LQJDQJVVLJQDOH EHVWLPPW XQG LVW GDKHU QLFKW YRQ IUKHUHQ =XVWlQGHQ EHHLQIOXVVW 6WHXHUXQJHQ GLHVHU $UW ILQGHQ KlXILJ $QZHQ GXQJ

LQ

VLFKHUKHLWVUHOHYDQWHQ

%HUHLFKHQ

6R

EDVLHUHQ

1RW+DOW

6FKDOWXQJHQKlXILJDXIHLQHUHLQIDFKHQ9HUNQSIXQJVVWHXHUXQJ

*UXQGODJHQ GHU6WHXHUXQJVWHFKQLN

E



$EODXIVWHXHUXQJ ,Q $EODXIVWHXHUXQJHQ ZHUGHQ (LQJDQJVGDWHQ VHTXHQ]LHOO JHPl‰ HLQHU $QZHLVXQJVOLVWH YHUDUEHLWHW $EKlQJLJ YRQ GHQ :HLWHUVFKDOWEHGLQJXQ JHQ HUIROJW HQWZHGHU GHU hEHUJDQJ DXI GHQ QlFKVWHQ 3URJUDPPVFKULWW RGHUHLQ9HUKDUUHQLPDNWXHOOHQ6FKULWW (LQ DQVFKDXOLFKHV %HLVSLHO IU 6WHXHUXQJHQ GLHVHU $UW VLQG 6FKULWW VFKDOWZHUNH DOWHU :DVFKPDVFKLQHQ GHUHQ Ä$QZHLVXQJVOLVWH³ DXV PH FKDQLVFK FRGLHUWHQ 1RFNHQZDO]HQ  EHVWHKW ,Q PRGHUQHQ 6WHXHUXQJHQ ZHUGHQ GLJLWDOH $EODXIVWHXHUXQJHQ YHUZHQGHW GLH 3URJUDPPLHUXQJ GKGHU $XIEDX VRZLH GLH $UW GHU (UVWHOOXQJGHU $QZHLVXQJVOLVWH NDQQ GDEHL LQ XQWHUVFKLHGOLFKVWHU ± KHUVWHOOHUVSH]LILVFKHU ± :HLVH HUIROJHQ VX 

+LHUDUFKLVFKHU$XIEDX

0DWHULDOIOXVVVWHXHUXQJHQ VLQG NODVVLVFK LQ GUHL +LHUDUFKLHHEHQHQ DXIJH EDXW

E

(LQ]HOVWHXHUXQJVHEHQHRGHU0DVFKLQHQVWHXHUXQJ ,Q HLQHU 0DVFKLQHQVWHXHUXQJ ZHUGHQ GLH 6LJQDOH HLQ]HOQHU LG5 HLQ IDFKHU 6HQVRUHQ /LFKWVFKUDQNHQ HWF  HLQJHOHVHQ XQG YHUDUEHLWHW (V HUIROJWGLH$QVWHXHUXQJYRQ$NWRUHQ]%GDV(LQXQG$XVVFKDOWHQYRQ $QWULHEHQ *HVWHXHUW ZHUGHQ NOHLQH ]XVDPPHQKlQJHQGH )XQNWLRQVHLQ KHLWHQ ZLH ]% 9HU]ZHLJXQJHQ RGHU =XVDPPHQIKUXQJHQ YRQ 6WHWLJ I|UGHUHUQ DEHU DXFK NRPSOH[HUH 0DVFKLQHQ ZLH ] % 9HUWHLOI|UGHUHU RGHU 4XHUYHUWHLOZDJHQ 'LH 0DVFKLQHQVWHXHUXQJ LVW GLH NODVVLVFKH 'R PlQHGHU6SHLFKHUSURJUDPPLHUEDUHQ6WHXHUXQJHQZHQQJOHLFKDXFKDXI GLHVHU (EHQH ]XQHKPHQG DXIJDEHQVSH]LILVFKH 0LNURFRQWUROOHUV\VWHPH 9HUZHQGXQJ ILQGHQ (LQIDFKH 0DVFKLQHQVWHXHUXQJHQ VLQG KlXILJ LQWH JUDOHU %HVWDQGWHLO VWDQGDUGLVLHUWHU XQG HQWVSUHFKHQG PRGXODULVLHUWHU )|UGHUWHFKQLNNRPSRQHQWHQ

E

*UXSSHQVWHXHUXQJVHEHQHRGHU0DWHULDOIOXVVUHFKQHU 'LHVH (EHQH LVW GHU (LQ]HOVWHXHUXQJVHEHQH EHUODJHUW KLHU ZHUGHQ )XQNWLRQVJUXSSHQ ]XVDPPHQJHIKUW XQG GLH )XQNWLRQ GHV *HVDPWJH ZHUNHV UHDOLVLHUW 'LH *UXSSHQVWHXHUXQJVHEHQH NDQQ MH QDFK .RPSOH[L WlWGHU$QODJHDXV PHKUHUHQX8ZLHGHUXPKLHUDUFKLVFKDQJHRUGQHWHQ *UXSSHQVWHXHUXQJHQ EHVWHKHQ (LQ 0DWHULDOIOXVVUHFKQHU VWHXHUW ]% GLH JHVDPWH )|UGHUWHFKQLN HLQHV 6RUWLHUV\VWHPV XQG ELOGHW KlXILJ GLH YRQ GHU/HLWHEHQHYRUJHJHEHQH%HWULHEVVWUDWHJLHDXIGLHXQWHUODJHUWH)|UGHU WHFKQLNXQGGHUHQ0DVFKLQHQVWHXHUXQJHQDE



E

'LH6WHXHUXQJ

/HLWRGHU+DXSWVWHXHUXQJVHEHQH ,Q GHU GULWWHQ XQG K|FKVWHQ GHQ *UXSSHQVWHXHUXQJHQ EHUODJHUWHQ (EH QHZHUGHQEHUJHRUGQHWH)XQNWLRQHQIUGDVJHVDPWH0DWHULDOIOXVVV\V WHP UHDOLVLHUW $XI GHU /HLWHEHQH ODXIHQ L$ GLH 3URJUDPPH GHU EHU JHRUGQHWHQ %HWULHEVVWUDWHJLH +LHU]X

]lKOW ]% GLH %DWFKVWHXHUXQJ

NRPSOH[HU 6RUWLHU XQG 9HUWHLOV\VWHPH 'LH /HLWHEHQH EHVWHKW KlXILJ ZLHGHUXP DXV HLQHP 1HW]ZHUN LQ GHP ]% GLH 5HFKQHU ]XU %HVWDQGV IKUXQJ .RPPLVVLRQLHUXQJ XQG 6RUWLHUXQJ HLQHV 'LVWULEXWLRQVV\VWHPV YHUQHW]W ZHUGHQ 8P 6FKQLWWVWHOOHQ ]X YHUPHLGHQ XQG GHQ 'XUFKJULII GHU EHUODJHUWHQ 6\VWHPH XQG 6WUDWHJLHQ ]X YHUEHVVHUQ YHUVFKPHO]HQ /HLWVWHXHUXQJXQG0DWHULDOIOXVVVWHXHUXQJ]XQHKPHQG

3URJUDPPUHDOLVLHUXQJ

(LQ ZHLWHUHV 8QWHUVFKHLGXQJVNULWHULXP EH]LHKW VLFK DXI GLH $UW GHU 3UR JUDPPUHDOLVLHUXQJ8QWHUVFKLHGHQZLUG]ZLVFKHQ

E

9HUELQGXQJVSURJUDPPLHUWHQ6WHXHUXQJHQ 9HUELQGXQJVSURJUDPPLHUWH 6WHXHUXQJHQ KDEHQ GXUFK GDV 6FKDOWZHUN XQG GHQ 6WHXHUXQJVDOJRULWKPXV XQYHUlQGHUEDU IHVWJHOHJWH 9HUNQSIXQ JHQ GHU (LQ XQG $XVJlQJH $XIJUXQG GHVVHQ VLQG VLH XQIOH[LEHO XQG QXU IU HLQIDFKH $XIJDEHQ HLQVHW]EDU GDIU MHGRFK VHKU ]XYHUOlVVLJ $XFK KHXWH QRFK EOLFKH (LQVDW]EHUHLFKH IU GLHVH $UW GHU 6WHXHUXQJHQ OLHJHQYRUZLHJHQGLP%HUHLFKGHU6LFKHUKHLWVWHFKQLN

E

6SHLFKHUSURJUDPPLHUEDUHQ6WHXHUXQJHQ636  %HL GHQ 6SHLFKHUSURJUDPPLHUEDUHQ 6WHXHUXQJHQ HUIROJW GLH 9HUNQS IXQJ GHU (LQ XQG $XVJDQJVVLJQDOH GXUFK HLQH YRP 3URJUDPPLHUHU HU ]HXJWHXQGEHOLHELJKlXILJYHUlQGHUEDUH/LVWHYRQ9HUIDKUHQVDQZHLVXQ JHQ GDV VRJ Ä3URJUDPP³ $XI GLHVH :HLVH OlVVW VLFK PLW HLQHU 636 HLQH VHKU KRKH )OH[LELOLWlW EHL JOHLFK]HLWLJ JUR‰HP )XQNWLRQVXPIDQJ XQGQLHGULJHP3UHLV HU]LHOHQ$XIJUXQGGHUYLHOHQ9RUWHLOHZHUGHQ636 VHLW YLHOHQ -DKUHQ LQ GHU 3UD[LV HLQJHVHW]W XQG EHUQHKPHQ $XIJDEHQ GHU 0DVFKLQHQ XQG GHU *UXSSHQVWHXHUXQJVHEHQH VR  )U GLH 3UR JUDPPHUVWHOOXQJXQG GHQ$XIEDX YRQ6363URJUDPPHQKDW VLFK LQ GHQ OHW]WHQ-DKUHQGHULQWHUQDWLRQDOH6WDQGDUG,(&GXUFKJHVHW]W

E

+|KHUH3URJUDPPLHUVSUDFKHQ,QGXVWULH3&  3& LQ LQGXVWULHOOHU $XVIKUXQJ ILQGHQ LQ 0DWHULDOIOXVVVWHXHUXQJHQ ]X QHKPHQG $QZHQGXQJ 'LHV JLOW QLFKW QXU IU GLH EHUODJHUWH /HLWHEHQH VRQGHUQ DXFK IU GLH *UXSSHQVWHXHUXQJ 0DWHULDOIOXVVUHFKQHU 0)5  XQGLQHLQLJHQ$QZHQGXQJHQDXFKELVKLQXQWHU]XU 0DVFKLQHQVWHXHUXQJ ]% ]XU 6WHXHUXQJ YRQ 5HJDOEHGLHQJHUlWHQ  'LH 3URJUDPPH IU GLHVH

*UXQGODJHQ GHU6WHXHUXQJVWHFKQLN



5HFKQHU ZHUGHQ LQ XPIDVVHQGHQ (QWZLFNOXQJVXPJHEXQJHQ UHDOLVLHUW GLH HV HUODXEHQ DXFK NRPSOH[H =XVDPPHQKlQJH DE]XELOGHQ +LHUEHL KDW GLH REMHNWRULHQWLHUWH 3URJUDPPLHUXQJ GLH NODVVLVFKH SUR]HGXUDOH 3URJUDPPLHUXQJ ZLH VLH LQ DNWXHOOHQ 636 $QZHQGXQJ ILQGHW  ZHLWJH KHQGDEJHO|VW

6WHXHUXQJVVWUXNWXU

6WHXHUXQJVVWUXNWXUHQRGHUDUFKLWHNWXUHQ N|QQHQ JUXQGVlW]OLFK XQWHUVFKLH GHQZHUGHQLQÄ]HQWUDO³RGHUÄGH]HQWUDO³DXIJHEDXW,Q$EEVLQGGLHVH EHLGHQ *UXQGVWUXNWXUHQ VRZLH HLQH GDUDXV DEJHOHLWHWH 0LVFKIRUP GDUJH VWHOOW

E

=HQWUDOH6WHXHUXQJ ,Q HLQHU ]HQWUDO DXIJHEDXWHQ 6\VWHPVWHXHUXQJ ZHUGHQ DOOH (LQ XQG $XVJDQJVVLJQDOH GLUHNW PLW GHU =HQWUDOVWHXHUXQJ YHUEXQGHQ 6LH PXVV DOVR HLQHUVHLWV DXVUHLFKHQG OHLVWXQJVIlKLJ XQG DQGHUHUVHLWV LP KRKHQ 0D‰H DXVIDOOVLFKHU VHLQ GD 6W|UXQJHQ GHU =HQWUDOVWHXHUXQJ HLQHQ $XV IDOO GHV *HVDPWV\VWHPV ]XU )ROJH KDEHQ 5HGXQGDQ]NRQ]HSWH PLW +RW RGHU &ROG6WDQGE\



 ]XU $EVLFKHUXQJ GLHVHV 5LVLNRV VLQG LP =XVDP

PHQKDQJ PLW ]HQWUDOHQ 6WHXHUXQJVVWUXNWXUHQ VWHWV ]X EHUFNVLFKWLJHQ (LQ ZHLWHUHU 1DFKWHLO GLHVHU $UFKLWHNWXU LVW GHU X8 HUKHEOLFKH 9HUND EHOXQJVDXIZDQGEHLUlXPOLFKDXVJHGHKQWHQ$QODJHQ

E

'H]HQWUDOH6WHXHUXQJ %HL HLQHU GH]HQWUDOHQ 6WUXNWXU ZHUGHQ GLH YHUVFKLHGHQHQ $XIJDEHQ GHV *HVDPWV\VWHPV DXI PHKUHUH 6WHXHUXQJVUHFKQHU YHUWHLOW GLH GXUFK HLQ OHLVWXQJVIlKLJHV  .RPPXQLNDWLRQVV\VWHP PLWHLQDQGHU YHUEXQGHQ VLQG 'H]HQWUDOH 6WUXNWXUHQ XQG 6WHXHUXQJHQ KDEHQ VLFK WURW] GHV ]XVlW]OL FKHQ.RPPXQLNDWLRQVDXIZDQGHVGXUFKJHVHW]WGDGHU$XVIDOOHLQHUHLQ ]HOQHQ 6\VWHPNRPSRQHQWH DQGHUH 7HLOEHUHLFKH HLQHU $QODJH QLFKW RGHU QXU LQ JHULQJHP 0D‰H EHHLQIOXVVW XQG GLHVH XQDEKlQJLJ ZHLWHUDUEHLWHQ N|QQHQ 'D GH]HQWUDOH 6WHXHUXQJHQ YRU 2UW LQ GHU 1lKH GHU DQJHVFKORVVHQHQ 6HQVRULN XQG $NWRULN LQVWDOOLHUW ZHUGHQ LVW GHU 9HUGUDKWXQJVDXIZDQG



$OVÄKRWVWDQGE\³ZHUGHQ JHVSLHJHOWH6\VWHPHEH]HLFKQHWEHLGHQHQEHL$XVIDOO GHV SURGXNWLYHQ 6\VWHPV GDV JHVSLHJHOWH 6\VWHP RKQH QHQQHQVZHUWH 8PVFKDOW ]HLWGHQ%HWULHEDXWRPDWLVFKEHUQLPPW $OV ÄFROG VWDQGE\³ ZHUGHQ EHUHLWVWHKHQGH 6\VWHPH EH]HLFKQHW GLH LP )HKOHU IDOO QDFK PDQXHOOHP (LQJULII GLH $UEHLW GHV DXVJHIDOOHQHQ 6\VWHPV EHUQHK PHQ



'LH6WHXHUXQJ

ZHVHQWOLFK JHULQJHU 'LH JLOW IU GLH KlXILJ ZHLW YHU]ZHLJWHQ $QODJHQ GHU0DWHULDOIOXVVWHFKQLNLQEHVRQGHUHU:HLVH

E

0LVFKIRUPDXV]HQWUDOHUXQGGH]HQWUDOHU6WHXHUXQJ $XFK EHL HLQHU GH]HQWUDOHQ 6WUXNWXU ZLUG VLFK LQ GHU 0HKUKHLW GHU )lOOH GLH $XIJDEH GHU .RRUGLQDWLRQ GHU (LQ]HOVWHXHUXQJHQ QXU ]HQWUDO O|VHQ ODVVHQ 'LH GDQQ HQWVWHKHQGH 0LVFKIRUP ZLUG DXFK DOV YHUWHLOWHV 6WHXH UXQJVV\VWHPEH]HLFKQHW

$EE  6WUXNWXUHQ YRQ 6WHXHUXQJVV\VWHPHQ D  ]HQWUDOHV 6WHXHUXQJVV\VWHP E GH]HQWUDOHV6WHXHUXQJVV\VWHPF 0LVFKIRUP

$XIJDEHGHU6WHXHUXQJ

'HU 7UDQVSRUW YRQ *WHUQ LQ HLQHP 0DWHULDOIOXVVV\VWHP HUIRUGHUW HLQHQ ,QIRUPDWLRQVIOXVV GHU SDUDOOHO XQG V\QFKURQ ]XU

%HZHJXQJ E]Z ]XP

)OXVV GHV 7UDQVSRUWJXWHV OlXIW GDV KHL‰W GLH V\QFKURQH RGHU SDUDOOHOH hEHUWUDJXQJ YRQ 'DWHQ GLH ]XP HLQHQ GDV 7UDQVSRUWJXW EHVFKUHLEHQ XQG ]XP DQGHUHQ GHQ 7UDQVSRUWDEODXI VWHXHUQ ,P 8QWHUVFKLHG ]XP 7UDQVSRUW JXW GDV VLFK E]JO ,QKDOW XQG 0HQJH DXI GHP :HJ GXUFK GDV 0DWHULDO IOXVVV\VWHP QLFKW HQWVFKHLGHQG YHUlQGHUQ ZLUG VLQG GDJHJHQ GLH 'DWHQ VHKUZRKOYDULDEHOKLQVLFKWOLFK$UW,QKDOWXQG0HQJH=XGHPZHUGHQYRP 6WHXHUXQJVV\VWHP,QIRUPDWLRQHQEHQ|WLJWGLHGHU6LWXDWLRQXQGGHQ6WHXH UXQJVHOHPHQWHQDQJHSDVVWVLQG

*UXQGODJHQ GHU6WHXHUXQJVWHFKQLN



6WDQG GHU 7HFKQLN LQ ]DKOUHLFKHQ $QZHQGXQJHQ LVW HLQH KLHUDUFKLVFKH 6WXIXQJ GHV VWHXHUXQJVWHFKQLVFKHQ 0RGHOOV GHV 0DWHULDOIOXVVV\VWHPV EHL JOHLFK]HLWLJHU GH]HQWUDOHU 6SHLFKHUXQJ GHU HFKW]HLWQDKHQ 'DWHQ LQ ORNDOHQ 6WHXHUXQJHQ +LHUGXUFK ZLUG ]ZHLHUOHL HUUHLFKW ]XP HLQHQ LVW HLQH HLQID FKH XQG YROOVWlQGLJH 0RGHOOHUVWHOOXQJ XQG EHVFKUHLEXQJ GHV 0DWHULDO IOXVVV\VWHPV P|JOLFK ]XP DQGHUHQ UHGX]LHUW GLH GH]HQWUDOH 6WUXNWXU GHQ 8PIDQJGHV'DWHQDXVWDXVFKHV]ZLVFKHQGHQ+LHUDUFKLHHEHQHQXQGHUP|J OLFKW GLH 'HILQLWLRQ HLQKHLWOLFKHU 6FKQLWWVWHOOHQ IU GLH $XIWHLOXQJ XQG 6WUXNWXULHUXQJGHV*HVDPWV\VWHPV

6WHXHUXQJVHEHQHQLQ0DWHULDOIOXVVV\VWHPHQ

'LH 9'0$5LFKWOLQLH  EHVFKUHLEW LQ HLQHP (EHQHQPRGHOO GLH P|JOLFKH E]Z HPSIRKOHQH 6WUXNWXU IU HLQH 0DWHULDOIOXVVVWHXHUXQJ V $EE 'LHHLQ]HOQHQ(EHQHQN|QQHQGXUFKLKUHMHZHLOLJHQ)XQNWLRQHQ XQG GHQ 'DWHQDXVWDXVFK PLW GHQ 6WHXHUXQJHQ GHU XQWHUODJHUWHQ (EHQH EHVFKULHEHQZHUGHQ 'LH(EHQHQGHU0DWHULDOIOXVVVWHXHUXQJEHGLHQHQIROJHQGH)XQNWLRQHQ

E

6HQVRUHQXQG$NWRUHQ(EHQH  'LH6HQVRULNOLHIHUW3UR]HVVGDWHQLQGLJLWDOHURGHUDQDORJHU)RUP DQGLH EHUODJHUWH (EHQH $NWRUHQ HUKDOWHQ LKUH 6FKDOWVLJQDOH GLJLWDO HLQDXV  RGHUDQDORJHQ6ROOZHUWHYRQGHU(EHQHXQGZDQGHOQVLHLQGLHIUGHQ 3UR]HVV HUIRUGHUOLFKH )RUP XP URWDWRULVFKH RGHU WUDQVODWRULVFKH %HZH JXQJWKHUPLVFKH(QHUJLHHWF 

E

(OHPHQWVWHXHUXQJ(EHQH  +LHU]X JHK|UHQ .RPSRQHQWHQVWHXHUXQJHQ GLH HLQIDFKH 9RUJlQJH VWHX HUQ]%GDV/DVWDXIQDKPHPLWWHOHLQHV5HJDOEHGLHQJHUlWVRGHUGLH3RVL WLRQLHUEDXJUXSSH IU GHQ )DKUDQWULHE HLQVFKOLH‰OLFK GHU ]XJHK|ULJHQ 6LFKHUKHLWVIXQNWLRQHQ

E

%HUHLFKVVWHXHUXQJ(EHQH  ,Q GHU %HUHLFKVVWHXHUXQJ ZHUGHQ HLQ]HOQH (OHPHQWVWHXHUXQJHQ ]XVDP PHQJHIKUW 6LH XPIDVVW ]% GLH (OHPHQWVWHXHUXQJHQ HLQHV YROOVWlQGL JHQ5HJDOEHGLHQJHUlWV

E

6XEV\VWHPVWHXHUXQJ(EHQH  $OV 6XEV\VWHP HLQHV 0DWHULDOIOXVVV\VWHPV NDQQ HLQ DEJHVFKORVVHQHV 7HLOV\VWHP EHWUDFKWHW ZHUGHQ ]% HLQ DXWRPDWLVFKHV +RFKUHJDOODJHU PLW PHKUHUHQ 5%* GLH )|UGHUWHFKQLN GHU 9RU]RQH RGHU HLQ 6RUWHU 'LH 6XEV\VWHPVWHXHUXQJ HUP|JOLFKW PLQGHVWHQV GHQ WHLODXWRPDWLVFKHQ %H WULHE HLQHV 6XEV\VWHPV XQG YHUIJW GD]X EHU HQWVSUHFKHQGH 9LVXDOLVLH UXQJVXQG%HGLHQREHUIOlFKHQ



E

'LH6WHXHUXQJ

6\VWHPVWHXHUXQJ(EHQH 'LH 6\VWHPVWHXHUXQJ YHUIJW EHU HLQ YROOVWlQGLJHV XQG DNWXHOOHV $E ELOGGHV6\VWHPVGHU6\VWHP]XVWlQGHGHU$XIWUlJHXQGGHUHQ6WDWLXQG NDQQ GDKHU GLH .RRUGLQDWLRQ DOOHU 7UDQVSRUWDXIJDEHQ EHUQHKPHQ ,Q GHU 6\VWHPVWHXHUXQJ VLQG ]% 6WUDWHJLHQ IU GLH :HJRSWLPLHUXQJ GHU 7UDQVSRUWKLQWHUOHJW

/HJHQGH /95/DJHUYHUZDOWXQJVUHFKQHU 0)50DWHULDOIOXVVUHFKQHU 867 XQWHUODJHUWH6WHXHUXQJ

$EE6WHXHUXQJVVWUXNWXUXQGDOWHUQDWLYH+DUGZDUHNRQILJXUDWLRQHQLP(EH QHQPRGHOOQDFK9'0$

E

'DUVWHOOXQJXQG.RPPXQLNDWLRQ(EHQH  'LH REHUVWH (EHQH HLQHU 0DWHULDOIOXVVVWHXHUXQJ ELOGHW ÄORJLVWLVFKH 7UDQVSRUWDXIWUlJH³ DXV HLQHU GHP 0DWHULDOIOXVVV\VWHP EHUODJHUWHQ DG PLQLVWUDWLYHQ (EHQH Ä+RVW(EHQH³ ]% :DUHQZLUWVFKDIWVV\VWHP  LQ Ä6\VWHPNRRUGLQDWHQ³ DE GLH LQ (EHQH  YHUDUEHLWHW ZHUGHQ N|QQHQ

*UXQGODJHQ GHU6WHXHUXQJVWHFKQLN



8PJHNHKUW YHUDUEHLWHW GLH .RPPXQLNDWLRQVHEHQH DXFK 6\VWHPVW|UXQ JHQXQGOHLWHWEHVWLPPWH$XIWUDJVVWDWL]XP+RVWZHLWHU (LQH ZHLWHUH ZHVHQWOLFKH $XIJDEH GLHVHU (EHQH LVW GLH %HGLHQHUVFKQLWW VWHOOH GK GLH YLVXHOOHJUDILVFKH 'DUVWHOOXQJ YRQ 6\VWHP]XVWlQGHQ XQG EHOLHELJHU ZHLWHUHU 'DWHQ ]% PRPHQWDQH $QODJHQDXVODVWXQJ 6WDWLVWL NHQHWF VRZLHGLH3URWRNROOLHUXQJYRQ$EOlXIHQXQG6W|UXQJHQ $XIJUXQGGHUHQJHQ.RSSOXQJGHU$XIJDEHQYRQ(EHQHXQGVLQGGLHVH KlXILJDXIHLQHUJHPHLQVDPHQ+DUGZDUHXQGLQHLQHULQWHJULHUWHQ6RIWZDUH UHDOLVLHUW 'LH =XVDPPHQIDVVXQJ GHU (EHQHQ LQ +DUGZDUHHLQKHLWHQ NDQQ ZHLWJH KHQG IOH[LEHO JHZlKOW ZHUGHQ ]XPDO VLFK HLQH 0DWHULDOIOXVVVWHXHUXQJ QLFKW LPPHU HLQGHXWLJ LQ GLH GDUJHVWHOOWHQ (EHQHQ XQWHUWHLOHQ OlVVW ,P OLQNHQ 7HLO YRQ $EE VLQG HLQLJH GHQNEDUH +DUGZDUHNRQILJXUDWLRQHQ GDUJHVWHOOW ZREHL VWHWV PHKUHUH GHU VHFKV (EHQHQ GHU 0DWHULDOIOXVVVWHXH UXQJLQHLQHU+DUGZDUHHLQKHLW]XVDPPHQJHIDVVWVLQG $EKlQJLJ YRQ GHU $XIJDEHQVWHOOXQJ NDQQ X8 DXI HLQH RGHU PHKUHUH +DUGZDUHHLQKHLWHQ YHU]LFKWHW ZHUGHQ 6R LVW ]% HLQ /DJHUYHUZDOWXQJV UHFKQHU QXU GDQQ HUIRUGHUOLFK ZHQQ HV 8PIDQJ XQG .RPSOH[LWlW GHU XP]XVHW]HQGHQ $XIJDEH HUIRUGHUQ LQ NOHLQHUHQ &URVV'RFNLQJ6\VWHPHQ EHUQLPPW ]% KlXILJ HLQ 0DWHULDOIOXVVUHFKQHU GLH HLQIDFKH %HVWDQGVIK UXQJXQG%DWFKEHUHFKQXQJIUGHQ6RUWHU $EKlQJLJ YRQ GHU $UW GHU HLQJHVHW]WHQ )|UGHUWHFKQLN XQG GHU $QODJHQ JU|‰H N|QQHQ GLH LP IROJHQGHQ .DSLWHO YRUJHVWHOOWHQ 6WHXHUXQJVVWUDWHJLHQ HEHQIDOOV LQ XQWHUVFKLHGOLFKHQ +DUGZDUHHLQKHLWHQ LPSOHPHQWLHUW ZHUGHQ +LQVLFKWOLFK

GHU

)XQNWLRQVZHLVH

EHVWHKHQ

NHLQHUOHL

%HVFKUlQNXQJHQ

ZHOFKH 7HLOEHUHLFKH LQ HLQHU +DUGZDUH ]XVDPPHQJHIDVVW ZHUGHQ VRODQJH GLH 6\VWHPDQIRUGHUXQJHQ DQ (FKW]HLWYHUKDOWHQ 9HUDUEHLWXQJV XQG .RP PXQLNDWLRQVJHVFKZLQGLJNHLW HUIOOW ZHUGHQ 6R ZHUGHQ ]% EHL 6RUWLHUDQ ODJHQ ZHJHQ GHU LG5 JUR‰HQ UlXPOLFKHQ $XVGHKQXQJ KlXILJ GLH %H UHLFKVVWHXHUXQJHQ DOV GH]HQWUDOH (LQKHLWHQ LQ HQWVSUHFKHQG JHWUHQQWHQ +DUGZDUHHLQKHLWHQLQVWDOOLHUW ,Q $EE  LVW GLH +DUGZDUHNRQILJXUDWLRQ HLQHV 0DWHULDOIOXVVV\VWHPV DOV %ORFNGLDJUDPP EHLVSLHOKDIW GDUJHVWHOOW 'LH (EHQHQ  (OHPHQWVWHXH UXQJ XQG6\VWHPVWHXHUXQJ VLQGGDEHLLQDOOHQ7HLOEHUHLFKHQKDUGZDUH WHFKQLVFK ]XVDPPHQJHIDVVW ,Q GHU 3UD[LV ZLUG GLHV LG5 GXUFK NRVWHQ JQVWLJH

XQG

IOH[LEHO

6SHLFKHUSURJUDPPLHUEDUH

6WHXHUXQJHQ

636

HUIROJHQ 6LHN|QQHQHWZD LP%HLVSLHO HLQHV 9HUWHLOI|UGHUHUV GLH =LHOYRU JDEHQ YRQ GHU EHUODJHUWHQ (EHQH  6XEV\VWHPVWHXHUXQJ  VHOEVWVWlQGLJ DXVIKUHQXQGQDFKHUIROJUHLFKHU$XVIKUXQJHQWVSUHFKHQGUFNPHOGHQ



'LH6WHXHUXQJ

$EE +DUGZDUHNRQILJXUDWLRQHLQHV0DWHULDOIOXVVV\VWHPVQDFK9'0$

'LH(EHQHQ6\VWHPVWHXHUXQJ XQG'DUVWHOOXQJXQG.RPPXQLNDWLRQ VLQG LP GDUJHVWHOOWHQ %HLVSLHO ]XP 7HLO LP 0DWHULDOIOXVVUHFKQHU LQWHJULHUW GHU EHU HLQ 1HW]ZHUN PLW GHU EHUODJHUWHQ (EHQH YHUEXQGHQ LVW 'LH 'DUVWHOOXQJ XQG $XVZDKO GHU %HWULHEVVWUDWHJLH HUIROJW EHUZLHJHQG DXI GHP /HLWVWDQG GHU EHUODJHUWHQ (EHQH 'LH XQWHUVWH (EHQH  6HQVR UHQ$NWRUHQ ZXUGHQLFKWH[SOL]LWGDUJHVWHOOW

%HWULHEVVWUDWHJLHQ

'LH 1HQQVRUWLHUOHLVWXQJ ZLUG QXU HUUHLFKW ZHQQ MHGHU YHUIJEDUH IUHLH 3ODW] DXI GHP 9HUWHLOI|UGHUHU EHOHJW ZHUGHQ NDQQ XQG MHGHV *XW LQQHUKDOE HLQHV 8PODXIV RGHU ELV ]XP QlFKVWHQ (LQVFKOHXVEHUHLFK LQ HLQH =LHOVWHOOH DXVJHVFKOHXVW ZHUGHQ NDQQ ,Q GHU 5HDOLWlW NDQQ MHGRFK QLFKW MHGHU IUHLH 3ODW] GXUFK GLH (LQVFKOHXVXQJ EHOHJW ZHUGHQ XQG ]XVlW]OLFK VLQG HLQLJH 3OlW]H DXFK QLFKW IUHL GD *WHU QLFKW DXVJHVFKOHXVW ZHUGHQ NRQQWHQ VR GDVV GLH HIIHNWLYH 6RUWLHUOHLVWXQJ HUNHQQEDU XQWHUKDOE GHU 1HQQOHLVWXQJ OLHJW (VLVWGDV=LHOGXUFKHLQHJHHLJQHWH%HWULHEVVWUDWHJLHGLHUHDOH/HLVWXQJ P|JOLFKVWZHLWELVDQGLH0D[LPDOOHLVWXQJGHV9HUWHLOI|UGHUHUV]XVWHLJHUQ DOVR GLH $Q]DKO GHU /HHUSOlW]H XQG GLH $Q]DKO GHU UH]LUNXOLHUHQGHQ *WHU

%HWULHEVVWUDWHJLHQ



DXI GHP 9HUWHLOI|UGHUHU ]X PLQLPLHUHQ +LHUYRQ ]X XQWHUVFKHLGHQ VLQG 6WUDWHJLHQ GLH GLH $XVODVWXQJ GHV 6RUWHUV EHU GHQ 7DJ RSWLPLHUHQ EHL VSLHOVZHLVH LQ /RJLVWLN]HQWUHQ RGHU EHL .(3'LHQVWOHLVWHUQ EHL GHQHQ GLH 6RUWLHUOHLVWXQJ QXU ZHQLJH 6WXQGHQ DP 7DJ EHQ|WLJW ZLUG 'HUDUWLJH 6WUD WHJLHQVLQGQLFKW%HVWDQGWHLOGHUIROJHQGHQ%HWUDFKWXQJHQ )U GLH 8QWHUVXFKXQJ P|JOLFKHU 6WUDWHJLHQ VLQG ]XQlFKVW ]ZHL /D\RXW VWUXNWXUHQYRQ6RUWHUQRGHU9HUWHLOI|UGHUHUQ]XGLIIHUHQ]LHUHQ

E

/LQLHQVWUXNWXU 'LHVH 6RUWHU KDEHQ LQ GHU 5HJHO PHKU RGHU JOHLFK YLHOH (QGVWHOOHQ ZLH 6RUWLHU]LHOHGHUHQ=XRUGQXQJEHUHLQHQOlQJHUHQ=HLWUDXP7DJH:R FKHQ0RQDWH IHVWEHVWHKHQEOHLEW$XVVFKODJJHEHQGLVWGDVVGLH *WHU QLFKW DXI GHP 6RUWHU UH]LUNXOLHUHQ DXFK ZHQQ IU ÄQR UHDGV³ XVZ HLQH 5FNIKUVWUHFNH YRUJHVHKHQ ZXUGH )U GLHVH 6RUWHU ILQGHQ YLHOH GHU XQWHQEHKDQGHOWHQ6WUDWHJLHQNHLQH$QZHQGXQJ

E

5LQJVWUXNWXU $XI GLHVHQ 6RUWHUQ N|QQHQ GLH *WHU UH]LUNXOLHUHQ 2EZRKO RGHU ZHLO GLH5H]LUNXODWLRQHLJHQWOLFKXQHUZQVFKWXQGOHLVWXQJVPLQGHUQGLVWEH VWHKW KLHU ZHLWHUH 6WUDWHJLHYDULDQWHQ %HVRQGHUV UHOHYDQW ZHUGHQ GLH 6WUDWHJLHQ ZHQQ GLH 6RUWHU DOV ]ZHLWH .RPPLVVLRQLHUVWXIH HLQJHVHW]W ZHUGHQ ,Q GHU 5HJHO ZHUGHQ GDQQ GLH ]X HLQHP $XIWUDJ ]XVDPPHQJH K|ULJHQ $UWLNHO LQ HLQHU GHP $XIWUDJ WHPSRUlU ]XJHZLHVHQHQ (QGVWHOOH ]XVDPPHQJHIKUWELVGHU$XIWUDJNRPSOHWWLVWXQGGLH(QGVWHOOHJHOHHUW ZHUGHQNDQQ+LHUGXUFKHUJHEHQVLFKDXFKLQGHU(LQVFKOHXVXQJYLHOIlO WLJH6WUDWHJLHQGLHQDFKIROJHQGGLVNXWLHUWZHUGHQ

(V LVW QLFKW ,QKDOW GHV %XFKHV GHWDLOOLHUW DXI GLH *HQHULHUXQJ YRQ 3LFNOLV WHQ GLH 6WHXHUXQJ GHV .RPPLVVLRQLHUV\VWHPV RGHU GLH 2UJDQLVDWLRQ GHU .RPPLVVLRQLHUXQJ HLQ]XJHKHQ +LHU]X H[LVWLHUHQ 6WDQGDUGZHUNH XQG 9',5LFKWOLQLHQGLHJHHLJQHWH'HILQLWLRQHQZLH Ä.RPPLVVLRQLHUHQ KDW GDV =LHO DXV HLQHU *HVDPWPHQJH YRQ *WHUQ 6RUWLPHQW  7HLOPHQJHQ DXI *UXQG

YRQ $QIRUGHUXQJHQ $XIWUlJHQ  ]X

VDPPHQ]XVWHOOHQ³>9',@ RGHU GLH 6WUDWHJLHQ ]X 2SWLPLHUXQJGHUSHUVRQDOLQWHQVLYHQ .RPPLVVLRQLH UXQJ EHVFKUHLEHQ 6WDWWGHVVHQ ZHUGHQ IROJHQG OHGLJOLFK HLQLJH ZHQLJH IU GLHZHLWHUHQ$XVIKUXQJHQUHOHYDQWH*UXQGODJHQ]XVDPPHQJHIDVVW (V ZHUGHQ HLQ XQG ]ZHLVWXILJH .RPPLVVLRQLHUV\VWHPH XQWHUVFKLHGHQ %HLHLQVWXILJHQRGHUDXIWUDJVRULHQWLHUWHQ.RPPLVVLRQLHUV\VWHPHQZLUGHLQ .XQGHQDXIWUDJ JHVFKORVVHQ NRPPLVVLRQLHUW XQG QDFK VHLQHU %HHQGLJXQJ ]XU 9HUSDFNXQJ XQG ]XP 9HUVDQG JHEUDFKW ,P RGHU ELV ]XP 9HUVDQG



'LH6WHXHUXQJ

N|QQHQ 6RUWLHUV\VWHPH ]XU 9HUWHLOXQJ DXI XQWHUVFKLHGOLFKH 9HUVDQGEHUHL FKHRGHU9HUVDQGWRXUHQHLQJHVHW]WZHUGHQ ,Q ]ZHLVWXILJHQ .RPPLVVLRQLHUV\VWHPHQ ZLUG LQ GHU 5HJHO DUWLNHORULHQ WLHUW XQGRGHU LQ PHKUHUHQ SDUDOOHOHQ %HUHLFKHQ JHDUEHLWHW ,P *HJHQVDW] ]X HLQHU DXIWUDJVRULHQWLHUWHQ %HDUEHLWXQJ ZHUGHQ KLHU PHKUHUH $XIWUlJH JHVDPPHOW XQG JOHLFKH $UWLNHO ]XVDPPHQJHIDVVW 'LH .RPPLVVLRQLHUHU N|QQHQ DP )DFK $UWLNHO IU PHKUHUH $XIWUlJH JUHLIHQ XQG VSDUHQ KLHU GXUFK :HJ]HLWHQ HLQ 'LHVH ]XVDPPHQJHIDVVWHQ $XIWUlJH ZHUGHQ DOV Ä%DWFK³ EH]HLFKQHW 'LH %DWFKYHUDUEHLWXQJ OlVVW VLFK LQ ]ZHL 9DULDQWHQ XQWHUWHLOHQ%HLGHU

E

]HLWJHWDNWHWHQ %DWFKYHUDUEHLWXQJ ZHUGHQ GLH LQ HLQHP YRUJHJHEHQHQ =HLWIHQVWHU HLQJHKHQGHQ $XIWUlJH LQ HLQHP %DWFK JHVDPPHOW 'DKHU NDQQKLHUGLH%DWFKJU|‰HYDULLHUHQ,QGHU

E

PHQJHQJHWDNWHWHQ 9DULDQWH ZLUG HLQH EHVWLPPWH $Q]DKO YRQ $XIWUlJHQ ]X HLQHP %DWFK ]XVDPPHQJHIDVVW +LHU LVW GLH %DWFKJU|‰H HLQ IUHL ZlKOEDUHU 6WUDWHJLHSDUDPHWHU GHU GLH JHJHQOlXILJHQ .ULWHULHQ 'XUFK ODXI]HLWXQG%QGHOXQJVHIIHNWHRSWLPLHUW>*XGE6@

E

'LH GHWHUPLQLVWLVFKH 9DULDQWH LVW GLH DXIZlQGLJVWH %HL LKU ZHUGHQ GLH $XIWUlJHDXVHLQHP$XIWUDJVYRUUDW]XHLQHP%DWFKGHILQLHUWHU]HLWOLFKHU 'DXHU]XVDPPHQJHIDVVWGLHHLQHYRUJHJHEHQH$XVODVWXQJGHU5HVVRXU FHQ .RPPLVVLRQLHUXQJ XQG 6RUWLHUXQJ  ZlKUHQG GHV %DWFKODXIV HUJH EHQ>+RP@

1DFK *XGHKXV VLQG ]ZHLVWXILJH .RPPLVVLRQLHUV\VWHPH QXU GDQQ ZLUW VFKDIWOLFK HLQVHW]EDU ZHQQ YLHOH $XIWUlJH PLW ZHQLJHQ 3RVLWLRQHQ XQG NOHLQHQ (QWQDKPHPHQJHQ DXV HLQHP EUHLWHQ 6RUWLPHQW ]X HQWQHKPHQ VLQG XQG ZHLWHUH %HGLQJXQJHQ ]XWUHIIHQ GLH ]% LP 9HUVDQGKDQGHO XQG 3KDU PDJUR‰KDQGHO JHJHEHQ VLQG >*XGE@ ,Q MHGHP )DOO PVVHQ QDFK GHU .RPPLVVLRQLHUXQJ GLH $UWLNHO LQ GHU VR JHQDQQWHQ Ä=ZHLWHQ .RPPLVVLR QLHUVWXIH³ GLH HLJHQWOLFK HLQHQ 6RUWLHU RGHU 9HUWHLOYRUJDQJ GDUVWHOOW ZLHGHU GHQ $XIWUlJHQ ]XJHRUGQHW ZHUGHQ 'LH 6RUWLHUVWXIH ZLUG LQ ZHQL JHQ)lOOHQPDQXHOOZLUGKLHUQLFKWEHWUDFKW RGHUGXUFKHLQDXWRPDWLVFKHV 6WFNJXWVRUWLHUV\VWHPUHDOLVLHUW 'HQ(QGVWHOOHQZHUGHQGLH$XIWUlJHQXUWHPSRUlU]XJHRUGQHW1DFKGHU )UHLJDEHHLQHUJHOHHUWHQ(QGVWHOOHVWHKWVLHHLQHUQHXHQ$XIWUDJV]XRUGQXQJ ]XU 9HUIJXQJ 'DKHU LVW KLHU GLH =LHOHUPLWWOXQJ DOVR GLH =XRUGQXQJ GHU LGHQWLIL]LHUWHQ 6RUWLHUJWHU ]X GHQ (QGVWHOOHQ DQKDQG YRQ 6RUWLHUNULWHULHQ HLQH lX‰HUVW NRPSOH[H )XQNWLRQ IU GLH 6WHXHUXQJ 1HEHQ GHU 6WHXHUXQJ GHU =LHOVWHOOHQ]XRUGQXQJ JLEW HV ZHLWHUH GXUFK 6WUDWHJLHQ EHHLQIOXVVEDUH 6WHXHUXQJVEHUHLFKH V $EE   GLH ]XU ZHLWHUHQ *OLHGHUXQJ GLHVHV .DSLWHOVYHUZHQGHWZHUGHQ

%HWULHEVVWUDWHJLHQ



6WHXHUXQJGHV7HLOH]XVWURPV

'HU 7HLOH]XVWURP HQWVWDPPW HLQHP .RPPLVVLRQLHUEHUHLFK LQ GHP HEHQ IDOOV YHUVFKLHGHQH 2SWLPLHUXQJVVWUDWHJLHQ HLQJHVHW]W ZHUGHQ XP GLH NRVWHQLQWHQVLYHQ .RPPLVVLRQLHUHU HIIL]LHQW HLQ]XVHW]HQ 'LH 6WUDWHJLHQ ]XU *HQHULHUXQJ GHU 3LFNOLVWHQ XQG ]XU 2SWLPLHUXQJ GHU .RPPLVVLRQLH UXQJVLQGVHKUYLHOIlOWLJXQGQLFKW*HJHQVWDQGGLHVHV%XFKHV :HJHQGHUHQJHQ:HFKVHOZLUNXQJHQVROOKLHUGHQQRFKGLHIUGLH)XQN WLRQVZHLVH GHV 6RUWHUV ZLFKWLJH JUXQGVlW]OLFKH 8QWHUVFKHLGXQJ GHV Ä6FKH GXOLQJ³ LQ ÄRIIOLQH³ XQG ÄUHDOWLPH³ >:DQ@ E]Z Ä9RUSODQXQJ³ XQG Ä'LVSDWFKLQJ³>.XK@ DXIJHJULIIHQZHUGHQ 'HU %HJULII Ä6FKHGXOLQJ³ HQJO )DKU =HLW RGHU $UEHLWVSOlQH  EHGHX WHWJHQHUHOOGLH5HLKHQIROJHXQG7RXUHQELOGXQJ,QGHU.RPPLVVLRQLHUXQJ ZHUGHQ GLH 5HLKHQIROJHQ GHU $XIWUlJH XQG LQQHUKDOE GHU $XIWUlJH GLH $UWLNHOUHLKHQIROJHQYRUJHSODQW

$EE/RJLVFKH6WHXHUXQJVEHUHLFKHIUHLQ6RUWLHUV\VWHP>5DG6@



'LH6WHXHUXQJ

$XIWUDJVUHLKHQIROJH

'LH 5HLKHQIROJHELOGXQJ HUIROJW YRU %HJLQQ GHV .RPPLVVLRQLHUYRUJDQJV =XQlFKVW HUIROJW DXI REHUVWHU 6WHXHUXQJVHEHQH HLQH 9RUVRUWLHUXQJ GHU $XIWUlJHKLQVLFKWOLFKLKUHU3ULRULWlWHQ1RUPDODXIWUlJH(LODXIWUlJH.OHLQ DXIWUlJH «  'LH *UXSSH YRQ $XIWUlJHQ GLH LP

6FKHGXOLQJ ]X HLQHU

.RPPLVVLRQLHUWRXU E]Z GHQ .RPPLVVLRQLHUWRXUHQ GHU SDUDOOHOHQ .RP PLVVLRQLHU]RQHQ ]XVDPPHQJHIDVVW ZHUGHQ EH]HLFKQHW PDQ DXFK DOV Ä.RPPLVVLRQLHUEDWFK³ 'LH $XVZDKO XQG %DWFK]XRUGQXQJ GHU $XIWUlJH DXV GLHVHU 9RUVRUWLH UXQJ HUIROJW HQWZHGHU LP 5DKPHQ HLQHU 9RUSODQXQJ RIIOLQH  RGHU LQ (FKW]HLW UHDOWLPH  'LH 9RUSODQXQJ HUIROJWH YRU HLQLJHQ -DKUHQ QRFK DP 9RUWDJ RGHU LQ GHU 1DFKW DOV VR JHQDQQWHU %DWFKODXI LP 5HFKQHU 'DPLW NRQQWHQ L$ OHGLJOLFK GLH 3HUVRQDOVWlUNH XQG DNWXHOOH %HVWlQGH LQ GHQ *UHLI]RQHQ EHUFNVLFKWLJW ZHUGHQ 0LW ]XQHKPHQGHU 5HFKQHUOHLVWXQJ XQG ,QIRUPDWLRQVYHUIJEDUNHLWNDQQGLH3ODQXQJLPPHUQlKHUDQGHQ.RPPLV VLRQLHU]HLWSXQNW UFNHQ ELV VFKOLH‰OLFK PLW GHP GLVSDWFKLQJ LQ (FKW]HLW HLQH KRKH )OH[LELOLWlW HUUHLFKW ZLUG XQG DXFK ,QIRUPDWLRQHQ DXV GHP 6RU WLHUV\VWHP EHL GHU 5HLKHQIROJHSODQXQJ EHUFNVLFKWLJW ZHUGHQ N|QQHQ 8QWHU GLHVHQ 9RUDXVVHW]XQJHQ NDQQ HLQ *HVDPWV\VWHP .RPPLVVLRQLH UXQJ XQG 6RUWLHUXQJ  EHLVSLHOVZHLVH GHUDUW JHVWHXHUW ZHUGHQ GDVV HLQ $XIWUDJ ]XP =HLWSXQNW VHLQHU )HUWLJVWHOOXQJ LQ GHU (QGVWHOOH GHV 6RUWHUV GHQQlFKVWHQ$XIWUDJLQGHU.RPPLVVLRQLHUXQJIUHLJLEW)ORDWLQJ %DWFK  'LH$Q]DKOGHU$XIWUlJHGLH]XHLQHU.RPPLVVLRQLHUWRXU]XVDPPHQJH IDVVW ZHUGHQ NRUUHVSRQGLHUW LQ GHU 5HJHO PLW GHU $Q]DKO LQVWDOOLHUWHU (QGVWHOOHQ'LH$XIWUDJVPHQJHLP %DWFKLVWJOHLFKGHQRGHUNOHLQHUDOVGLH 

]XU9HUIJXQJVWHKHQGHQ=LHOVWHOOHQ

%HLNOHLQHUHQ%DWFKJU|‰HQEHILQGHQ

VLFK PHKUHUH %DWFKHV DXI GHP 6RUWHU RGHU HLQ $XIWUDJ EHOHJW PHKUHUH (QGVWHOOHQ

$UWLNHOUHLKHQIROJH

'LH *U|‰H RGHU GDV 9ROXPHQ GHU =LHO RGHU (QGVWHOOHQ EHJUHQ]W GLH PD [LPDOH $Q]DKO DQ $UWLNHOQ SUR $XIWUDJ *HJHEHQHQIDOOV PXVV HLQ $XIWUDJ DXI PHKUHUH (QGVWHOOHQ DXIJHWHLOW ZHUGHQ ZDV GDQQ GLH =DKO GHU $XIWUlJH LP%DWFKYHUULQJHUW )U GLH 6RUWHUVWHXHUXQJ LQVEHVRQGHUH GLH =LHOEHVWLPPXQJ LVW HV ZLFK WLJ LQ ZHOFKHU $UW GLH $UWLNHONHQQ]HLFKQXQJ HUIROJW 0DQ NDQQ LQ DXI WUDJVVSH]LILVFKH RGHU DUWLNHOVSH]LILVFKH .HQQ]HLFKQXQJ XQWHUVFKHLGHQ 6REDOG GHU $UWLNHO HLQHP $XIWUDJ ]XJHRUGQHW ZXUGH LVW HU QLFKW PHKU



 =LHOVWHOOH %HL HLQHU 8QWHUWHLOXQJ GHU (QGVWHOOH HQWVWHKHQ PHKUHUH =LHOVWHOOHQ GLHSDUDOOHORGHUQDFKHLQDQGHUJHIOOWZHUGHQ N|QQHQ

%HWULHEVVWUDWHJLHQ



VWUDWHJLHIlKLJ 6RIHUQ LQ GHU .RPPLVVLRQLHUXQJ QRFK NHLQH DXIWUDJVVSH]L ILVFKHQ 'DWHQ PLW HLQHP $UWLNHO YHUEXQGHQ ZXUGHQ NDQQ GLHVHU YRQ GHU 6RUWHUVWHXHUXQJNXU]IULVWLJHLQHP$XIWUDJ]XJHRUGQHWZHUGHQGHUGDGXUFK YLHOOHLFKW NXU]IULVWLJ DEJHVFKORVVHQ ZHUGHQ NDQQ XQG HLQH (QGVWHOOH IUHL JLEW :XUGHQGLH$UWLNHOEHUHLWVGHQ$XIWUlJHQ]XJHRUGQHWLVWHVLQVEHVRQGH UH IU GLH (QGVWHOOHQ]XRUGQXQJ YRQ %HGHXWXQJ DQ ZHOFKHU 6WHOOH LP 7HLOHVWURP ]ZLVFKHQ .RPPLVVLRQLHU XQG 6RUWLHUV\VWHP GLH $UWLNHO GHU MHZHLOLJHQ $XIWUlJH OLHJHQ )U GLH 'DXHU GHU (QGVWHOOHQEHOHJXQJ GXUFK HLQHQ$XIWUDJLVWGLH,QIRUPDWLRQZLFKWLJZLHGHU$XIWUDJVLFKLP 7HLOH]X VWURPYHUWHLOW/LHJHQGLH7HLOHGLFKWEHLHLQDQGHUZLUGGHU$XIWUDJVFKQHO OHUDEJHVFKORVVHQXQGGLH(QGVWHOOHIUHL =XU 3ODQXQJ XQG 6LPXODWLRQ ZHUGHQ VRIHUQ NHLQH JHQDXHQ ,QIRUPDWLR QHQ YRUOLHJHQ KLQVLFKWOLFK GHU $UWLNHOYHUWHLOXQJ ]ZHL 0RGHOOH YHUZHQGHW >5DG6@

E

'LH $UWLNHO MHGHU $XIWUDJVSRVLWLRQ HLQHV %DWFKHV VLQG JOHLFKPl‰LJ LP 7HLOHVWURP ]XU (LQVFKOHXVXQJ YHUWHLOW 'LH :DKUVFKHLQOLFKNHLW GDVV VLFK HLQ $UWLNHO DQ HLQHU EHVWLPPWHQ 3RVLWLRQ EHILQGHW LVW IU DOOH 3RVL WLRQHQJOHLFK

E

'LH $UWLNHO ELOGHQ LP %DWFK &OXVWHU KLQVLFKWOLFK GHU $XIWUDJVSRVLWLRQ 'LHVHV 0RGHOO EHUFNVLFKWLJW GDVV GLH .RPPLVVLRQLHUHU PHKUHUH $UWL NHO HLQHU $XIWUDJVSRVLWLRQ XQPLWWHOEDU QDFKHLQDQGHU VDPPHOQ XQG JH VFKORVVHQ DEJHEHQ :DV EHGHXWHW GDVVQLFKW GLH $UWLNHO MHGHV $XIWUDJV VRQGHUQ GLH $XIWUDJVSRVLWLRQHQ RGHU $XIWUDJV]HLOHQ JOHLFKPl‰LJ LP %DWFKYHUWHLOWVLQG

%HL GHU 9HUZHQGXQJ GHU =XRUGQXQJVVWUDWHJLHQ PXVV EHUFNVLFKWLJW ZHU GHQ GDVV VLFK MH QDFK .RPPLVVLRQLHUV\VWHP XQG 7RSRORJLH GHU DQVFKOLH ‰HQGHQ )|UGHUWHFKQLN GLH $UWLNHOUHLKHQIROJH ELV ]XP 6RUWHU YHUlQGHUQ NDQQ6RIHUQGLH5HLKHQIROJHDOVRZLFKWLJLVW]%6RUWLHUXQJYRQVFKZHU QDFK OHLFKW VROOWH VREDOG QDFKIROJHQGHLQH 9HUPLVFKXQJ GHU 6RUWLHUJWHU DXVJHVFKORVVHQZHUGHQNDQQHLQH,GHQWLIL]LHUXQJHUIROJHQ

$XIWUDJVIUHLJDEH]HLWSXQNW

)U GLH )UHLJDEH GHV IROJHQGHQ %DWFKHV EHVWHKHQ XQWHUVFKLHGOLFKH 2SWLR QHQ 'HU )UHLJDEH]HLWSXQNW OLHJW LQ 5HODWLRQ ]XP =HLWSXQNW ]X GHP GDV OHW]WH6WFNJXWGHV9RUOlXIHUEDWFKHVHLQJHVFKOHXVWZXUGH $XVJHKHQGYRQGHPVSlWHVWHQ(LQVFKOHXV]HLWSXQNWEHLGHPGLH%DWFKHV YROONRPPHQ YRQHLQDQGHU JHWUHQQW VLQG ZHUGHQ LQ GHU IROJHQGHQ $XIOLV WXQJGLH%DWFKHVLPPHUVWlUNHU]XVDPPHQJHVFKREHQXQGEHUODSSHQVLFK ELV EHL HLQHP (LQVFKOHXV]HLWSXQNW YRQ W

 NHLQH 3DXVH ]ZLVFKHQ GHQ



'LH6WHXHUXQJ

%DWFKHV HQWVWHKW 'LH =XVDPPHQKlQJH VLQG LQ $EE PRGHOOKDIW VNL]

"3$,+

]LHUW





0 '

0 2
  

8 '

2

1 



8 '

$EE(QGVWHOOHQEHOHJXQJ

'LH%HWUDFKWXQJEHJLQQWEHLW

7PLWHLQHP OHHUHQ6RUWHU'LH6RUWLHUJ

WHU GHV %DWFK % JHODQJHQ DXI GHQ 9HUWHLOI|UGHUHU GHQ (QGVWHOOHQ ZXUGHQ HUVWH $XIWUlJH ]XJHRUGQHW GHU HUVWH $UWLNHO ZLUG EHL W

 7 DXVJHVFKOHXVW

1DFK XQG QDFK ZLUG MHGH (QGVWHOOH YRQ PLQGHVWHQV HLQHP $UWLNHO GHV $XIWUDJV EHOHJW 1DFKGHP DOOH (QGVWHOOHQ EHL W

7 EHOHJW VLQG ZHUGHQ

GLH $UWLNHO ZHLWHU LKUHQ $XIWUlJHQ ]XJHRUGQHW ELV GLH HUVWHQ $XIWUlJH NRPSOHWW JHVDPPHOW ZXUGHQ XQG GLH (QGVWHOOH YRP 3DFNV\VWHP JHOHHUW ZLUG 'LH HUVWH (QGVWHOOHQIUHLJDEH RKQH GDVV VLFK HLQ ZHLWHUHU QLFKW ]XJH RUGQHWHU $XIWUDJ DXI GHP 9HUWHLOI|UGHUHU EHILQGHW HUIROJW EHL W

7 XQG

GHU %HOHJXQJVJUDG GHU (QGVWHOOHQ UHGX]LHUW VLFK ZLHGHU 'HU 9HUWHLOI|UGH UHU LVW EHL W

7 IUHL XQG GLH =DKO GHU EHOHJWHQ (QGVWHOOHQ UHGX]LHUW VLFK

ZHLWHU ELV VFKOLH‰OLFK EHL W

7 DOOH (QGVWHOOHQ JHUlXPW XQG IUHLJHJHEHQ

ZXUGHQ 7KHRUHWLVFK N|QQWH LP JOHLFKHQ $XJHQEOLFN GHU QlFKVWH %DWFK %DWFK % LQGHQ6RUWHUHLQODXIHQ'DGHUQlFKVWH%DWFKLQGHU5HJHOQLFKWXQPLW WHOEDUYRUGHQ(LQVFKOHXVXQJHQEHUHLWJHVWHOOWZLUGYHUJHKWHLQHEHVWLPPWH =HLWGLHDOV6\QFKURQLVDWLRQVYHUOXVWEHUHLWVEHLGHQ%HUHFKQXQJVYHUIDKUHQ DXIWDXFKWH  ELV GLH HUVWHQ $UWLNHO DXI GHP 9HUWHLOI|UGHUHU HLQJHVFKOHXVW ZHUGHQ :HLWHU LVW ]X EHUFNVLFKWLJHQ GDVV KLHU GLH (QGVWHOOHQEHOHJXQJ GDUJHVWHOOWZXUGH(VLVWDEHUJXWHUNHQQEDUGDVVGLH.DSD]LWlWGHV6RUWHUV QLFKWHQWVSUHFKHQGJHQXW]WZLUG %H]JOLFK GHU $XIWUDJVIUHLJDEH VLQG IQI P|JOLFKH )UHLJDEH]HLWSXQNWH GHQNEDUGLHLQ$EEJUDILVFKGDUJHVWHOOWVLQG  'HU6RUWHULVWIUHLVHKUVSlWHU)UHLJDEH]HLWSXQNW  %HL GLHVHU 6WUDWHJLH HUIROJW GLH $XIWUDJVIUHLJDEH VREDOG DOOH *XWDXI QDKPHQ GHV 9HUWHLOI|UGHUHUV XQG DOOH (QGVWHOOHQ IUHL VLQG %HL GLHVHU 6WUDWHJLH VSULFKW PDQ DXFK YRQ HLQHP Ä+DUWHQ %DWFKZHFKVHO³ 'LHVH 6WUDWHJLH HLJQHW VLFK VHKU JXW IU OLQLHQRULHQWLHUWH 9HUWHLOI|UGHUHU GD

%HWULHEVVWUDWHJLHQ



LPPHUVLFKHUJHVWHOOWLVWGDVVDOOH(QGVWHOOHQIUHLVLQGZHQQNHLQHIOH [LEOH=XRUGQXQJHUIROJW  'HU9HUWHLOI|UGHUHULVWIUHL VSlWHU)UHLJDEH]HLWSXQNW  %HJLQQWPDQQXQEHUHLWVVREDOGVLFKNHLQ7HLOPHKUDXIGHP9HUWHLO I|UGHUHUEHILQGHWGDVQlFKVWH%DWFKHLQ]XVFKOHXVHQYHUVFKLHEHQVLFK GLH %DWFKHV LQHLQDQGHU 0DQ VSULFKW DXFK YRP Ä*OHLWHQGHP %DWFK ZHFKVHO³ 'LH IUHLZHUGHQGHQ (QGVWHOOHQ ZHUGHQ PLW $XIWUlJHQ GHV QHXHQ %DWFKHV EHOHJW XQG GLH ]XJHK|ULJHQ $UWLNHO DXVJHVFKOHXVW $U WLNHO GHUHQ $XIWUDJ QRFK NHLQHU (QGVWHOOH ]XJHZLHVHQ ZHUGHQ NRQQ WHPVVHQUH]LUNXOLHUHQZDVDOOHUGLQJVXQNULWLVFKLVWGDVLFKQXU$U WLNHO GHV DNWXHOOHQ %DWFKHV DXI GHP 6RUWHU EHILQGHQ XQG NHLQH %DWFKYHUPLVFKXQJ HLQWUHWHQ NDQQ (V PXVV MHGRFK EHDFKWHW ZHUGHQ GDVV QLFKW ]X YLHO 6RUWLHUJWHU UH]LUNXOLHUHQ XP HLQ 9HUVWRSIHQ GHV 6RUWHUV]XYHUPHLGHQ  (LQ%DWFKZLUGEHHQGHW (LQH 9DULDQWH GHV ÄJOHLWHQGHQ %DWFKZHFKVHOV³ HUJLEW VLFK ZHQQ GLH %DWFKJU|‰H NOHLQHU DOV GLH =LHOVWHOOHQ]DKO LVW +LHU NDQQ VREDOG HLQ %DWFK EHHQGHW ZXUGH EHUHLWV GDV )ROJHEDWFK IUHLJHJHEHQ ZHUGHQ 'DVIKUWEHLJOHLFKHU(QGVWHOOHQ]DKO]XHLQHU9HUNU]XQJGHU%DWFK GDXHUXQGHLQHU(UK|KXQJGHU%DWFKIUHLJDEHQ'LHIHLQHUH$XIO|VXQJ EHGLQJW GDVV GHU PLWWOHUH %HOHJXQJVJUDG GHU (QGVWHOOHQ XQG GDPLW GHUHQ$XVQXW]XQJK|KHUOLHJHQ  'LHHUVWH(QGVWHOOHLVWIUHLIUKHU)UHLJDEH]HLWSXQNW  (LQ ZHLWHUHU P|JOLFKHU )UHLJDEH]HLWSXQNW EHVWHKW LQ GHU )UHLJDEH GHU HUVWHQ(QGVWHOOH,QGLHVHP)DOON|QQHQVLFKQRFK$UWLNHOGHVYRUKHU JHKHQGHQ %DWFKHV DXI GHP 6RUWHU EHILQGHQ 'LH 6RUWHUVWHXHUXQJ KDW EHUHLWV GLH HUVWH IUHLZHUGHQGH (QGVWHOOH GHP ]XP HUVWHQ 6RUWLHUJXW GHVQHXHQ%DWFKJHK|UHQGHQ$XIWUDJ]XJHZLHVHQ 'LHVH 6WUDWHJLH NDQQ GDGXUFK YDULLHUW ZHUGHQ GDVV GLH $Q]DKO GHU IUHLHQ(QGVWHOOHQDXFKJU|‰HUDOV HLQVVHLQNDQQ'DGXUFKZUGHVLFK GDV ]ZHLWH %DWFK ZLHGHU QDFK UHFKWV YHUVFKLHEHQ XQG GLH hEHUODS SXQJZlUHJHULQJHU  'HUHUVWH3ODW]DXIGHP9HUWHLOI|UGHUHULVWIUHLVHKUIUKHU)UHLJDEH ]HLWSXQNW  'LHVHU)UHLJDEHSXQNWHUJLEWGLHGLFKWHVWH%DWFKIROJH'DV)ROJHEDWFK %L  VFKOLH‰W VLFK GLUHNW GHP OHW]WHQ $UWLNHO GHV 9RUJlQJHUEDWFKHV %L DQRKQHDE]XZDUWHQGDVVHLQH(QGVWHOOHIUHLZLUG (V LVW ZLFKWLJ IHVW]XKDOWHQ GDVV GLH :DKUVFKHLQOLFKNHLW GDVV *WHU DXI GHP 9HUWHLOI|UGHUHU UH]LUNXOLHUHQ ZlFKVW MH IUKHU GDV )ROJHEDWFK IUHLJH JHEHQ ZLUG ,VW QLFKW VLFKHUJHVWHOOW GDVV GLH UH]LUNXOLHUHQGHQ *WHU VHKU ]HLWQDK LQ GLH (QGVWHOOHQ VRUWLHUW ZHUGHQ N|QQHQ EHVWHKW GLH *HIDKU GDVV



'LH6WHXHUXQJ

GHU 9HUWHLOI|UGHUHU NHLQH 7HLOH PHKU DXIQHKPHQ NDQQ XQG GDPLW GLH 6RU WLHUDQODJHEORFNLHUW

$EE$XIWUDJVIUHLJDEHSXQNWH

%HLP $QDO\VLHUHQ GHU *UDILN LQ $EE  LVW ]X EHUFNVLFKWLJHQ GDVV HV VLFKXPTXDOLWDWLYH'DUVWHOOXQJHQKDQGHOWXQGDXV*UQGHQGHUhEHUVLFKW OLFKNHLWGHU6\QFKURQLVDWLRQVYHUOXVWQLFKWGDUJHVWHOOWLVW 5DGWNHKDWGLH(LQIOVVHYHUVFKLHGHQHU6WUDWHJLHQDXIGDV6\VWHPYHUKDO WHQ XQG GLH 6RUWLHUOHLVWXQJ GXUFK 6LPXODWLRQ XQWHUVXFKW XQG NRPPW KLQ 

VLFKWOLFK GHU $XIWUDJVIUHLJDEHSXQNWH

 ]X GHP (UJHEQLV GDVV GHU (LQIOXVV

DXIGLH6\VWHPOHLVWXQJHKHUJHULQJLVW



 'HU $XIWUDJVIUHLJDEHSXQNW  Ä(LQ %DWFK ZXUGH EHHQGHW³ ZXUGH YRQ 5DGWNH

QLFKWXQWHUVXFKW

%HWULHEVVWUDWHJLHQ



(U IKUW GLHV LP :HVHQWOLFKHQ GDUDXI ]XUFN GDVV GLH QHX HLQWUHWHQGHQ %DWFKHV UHODWLY VFKQHOO HLQH KRKH $Q]DKO IUHLHU (QGVWHOOHQ EHQ|WLJHQ XQG GDGLHVHVEHLGHQ)UHLJDEHSXQNWHQ]ZHLYLHUXQGIQIHUVWQDFKXQGQDFK GHU)DOOLVWYLHOH7HLOHUH]LUNXOLHUHQ>5DG6@'LHVHU(IIHNWLVW DOOHUGLQJV YRQ GHU $XIWUDJVVWUXNWXU DEKlQJLJ XQG ZXUGH LQVEHVRQGHUH EHL NOHLQHQ$XIWUlJHQPLWQXUZHQLJHQ$UWLNHOQIHVWJHVWHOOW 'LH ZLFKWLJVWHQ %HHLQIOXVVXQJVSDUDPHWHU KLQVLFKWOLFK GHU 6RUWLHUOHLV WXQJVLQGGLH

E E E

/HLVWXQJVIlKLJNHLWGHV3DFNV\VWHPVGLH %DWFKJU|‰HXQGGLH PLWWOHUH$XIWUDJVJU|‰H>5DG6@

'LHZLFKWLJVWHQ(LQIOXVVSDUDPHWHUDXIGHQ7HLOH]XVWURPVLQG

E E E

GDV3ODQXQJVYHUIDKUHQRIIOLQHRGHUUHDOWLPH  GLH%DWFKJU|‰H$Q]DKOGHU$XIWUlJH  GLH $XIWUDJVVWUXNWXU $Q]DKO GHU .RPPLVVLRQLHUSRVLWLRQHQ XQG $Q]DKO GHU7HLOH XQG

E

GHU)UHLJDEH]HLWSXQNWIUGLH%DWFKHV

6WHXHUXQJGHU(LQVFKOHXVXQJ

)U =XVDPPHQIKUXQJVHOHPHQWH LP 0DWHULDOIOXVV H[LVWLHUHQ YHUVFKLHGHQH 9RUIDKUWVVWUDWHJLHQ>*XG@>*UR@>$UQ@

E

6WRFKDVWLVFKH$EIHUWLJXQJ 'LH *WHU GLH GLH (QWVFKHLGXQJVVWHOOH DOV HUVWH HUUHLFKHQ GUIHQ ]XHUVW GHQ.RQIOLNWEHUHLFKSDVVLHUHQ

E

6FKXEZHLVH$EIHUWLJXQJ 5LFKWXQJVUHLQH 3XONV SDVVLHUHQ GLH .RQIOLNW]RQH QDFK EHVWLPPWHU *U| ‰H]%(OHPHQWH RGHUEHVWLPPWHU=HLW]%V EHYRUGLHDQGHUH 5LFKWXQJSDVVLHUHQGDUI

E

5HODWLYH9RUIDKUW (LQH 5LFKWXQJ LVW YRUIDKUWEHUHFKWLJW 2EMHNWH DXV GHU DQGHUHQ 5LFKWXQJ GUIHQ QXU GDQQ SDVVLHUHQ ZHQQ NHLQ DQGHUHV 2EMHNW GHQ (QWVFKHL GXQJVSXQNWTXHUW

E

$EVROXWH9RUIDKUW (LQH5LFKWXQJLVWYRUIDKUWEHUHFKWLJW$XVGHUDQGHUHQ5LFKWXQJGDUIQXU SDVVLHUW ZHUGHQ ZHQQ DXFK HLQ KHUDQQDKHQGHV 2EMHNW GHV YRUIDKUWEH UHFKWLJWHQ6WURPVKLHUGXUFKQLFKWEHKLQGHUWZLUG



'LH6WHXHUXQJ

'LHVH 5HJHOQ N|QQHQ ]ZDU DXI =XVDPPHQIKUXQJHQ LP %HUHLFK GHU =X I|UGHUXQJ YRU GHP 6RUWHU DQJHZDQGW ZHUGHQ EHL GHU (LQVFKOHXVXQJ DXI GHQ6RUWHUKDQGHOWHVVLFKMHGRFKLPPHUXP HLQHDEVROXWH9RUIDKUWGDGHU 6RUWHUIUGLH(LQVFKOHXVXQJZHGHUYHU]|JHUWQRFKDEJHEUHPVWZLUG 'LH QRWZHQGLJH 6WUDWHJLH EH]LHKW VLFK KLHU QLFKW DXI GLH 9RUIDKUWVUHJHO ]ZLVFKHQ(LQVFKOHXVVWUHFNHXQG9HUWHLOI|UGHUHUVRQGHUQDXIGLH6WHXHUXQJ GHU YHUVFKLHGHQHQ LQ )|UGHUULFKWXQJ GHV 9HUWHLOI|UGHUHUV KLQWHUHLQDQGHU OLHJHQGHQ (LQVFKOHXVVWUHFNHQ 'HU LQ $EE EHLVSLHOKDIW GDUJHVWHOOWH (LQVFKOHXVEHUHLFKKDWYLHU(LQVFKOHXVOLQLHQ

'

2

1



 

1  2  ' 

$EE 6LWXDWLRQLQGHU(LQVFKOHXVXQJ

(V LVW HUVLFKWOLFK GDVV RKQH 6WUDWHJLH GHU (LQVFKOHXVI|UGHUHU  VR YLHOH IUHLH3OlW]HEHOHJHQZUGHZLHP|JOLFKXQGGLH(LQVFKOHXVXQJHQXQG  N|QQWHQ QXU ZHQLJ 7HLOH HLQVFKOHXVHQ VR GDVV KLHU 5FNVWDXXQJHQ HQWVWHKHQ ZUGHQ XQG *WHU ]X VSlW DXI GHQ 6RUWHU JHODQJWHQ 'DKHU VLQG KLHU HEHQIDOOV XQWHUVFKLHGOLFK DXIZlQGLJH XQG HIIL]LHQWH 6WUDWHJLHQ XQG 9HUIDKUHQLP(LQVDW]

E E

E E

VWRFKDVWLVFK VHULHOO 

RKQH6WDWXVEHUSUIXQJ



PLW6WDWXVEHUSUIXQJ

IOH[LEHO 5HIHUHQ]SXQNW

%HLP VWRFKDVWLVFKHQ 9HUIDKUHQ VFKOHXVHQ GLH /LQLHQ LQ GHU 5HLKHQIROJH HLQ LQ GHU HQWVSUHFKHQGH *WHU DXI GHQ MHZHLOLJHQ %HVFKOHXQLJXQJVElQ GHUQ EHUHLW OLHJHQ (V NDQQ MHGRFK SDVVLHUHQ GDVV GLHVHV (LQVFKOHXVEDQG PLW HLQHP /DQJJXW DXI ]ZHL IUHLH 6FKDOHQ ZDUWHW 1DFK GLHVHU 6WUDWHJLH ZUGHQDOOH(LQ]HOSOlW]HDP(LQVFKOHXVEHUHLFKXQEHOHJWYRUEHLODXIHQ %HLP VHULHOOHQ9HUIDKUHQZHUGHQGLHIUHLHQ3OlW]HDXIGHP 9HUWHLOI|UGH UHU URXOLHUHQG GHQ (LQVFKOHXVOLQLHQ ]XJHRUGQHW GLH GDQQ MHZHLOV HLQ 6WFNJXW HLQVFKOHXVHQ )DOOV GLHVH =XWHLOXQJ MHGRFK RKQH HLQH 6WDWXVEHU SUIXQJ GHU (LQVFKOHXVOLQLHQ HUIROJW N|QQHQ 3UREOHPH DXIWUHWHQ =XP HL

%HWULHEVVWUDWHJLHQ



QHQZHUGHQODQJH6WFNJWHUGLH]ZHL3OlW]HEHQ|WLJHQQLFKWEHUFNVLFK WLJW XQG GLH /LQLH NDQQ IDOOV YRU XQG KLQWHU GHU ]XJHRUGQHWHQ 3RVLWLRQ EHUHLWV*WHUOLHJHQQLFKWHLQVFKOHXVHQXQGHVHQWVWHKWHLQ/HHUSODW])DOOV DQGHU(LQVFKOHXVOLQLHNHLQ6RUWLHUJXWDXIGHP%HVFKOHXQLJXQJVEDQGOLHJW HQWVWHKW HEHQIDOOV HLQ /HHUSODW] %HLP VHULHOOHQ 9HUIDKUHQ PLW 6WDWXVEHU SUIXQJ ZLUG GHPQDFK EHUSUIW RE GDV QlFKVWH HLQ]XVFKOHXVHQGH 6WFN JXW DXFK HLQJHVFKOHXVW ZHUGHQ NDQQ

$QVRQVWHQ ZLUG GLH QlFKVWH (LQ

VFKOHXVOLQLHJHSUIWXQGVRZHLWHU %HL GHU IOH[LEOHQ =XRUGQXQJ ZLUG GHU 6WDWXV MHGHU (LQVFKOHXVOLQLH EH UFNVLFKWLJW XQG GHPHQWVSUHFKHQG GLH =XWHLOXQJ G\QDPLVFK LP %HWULHE GXUFKJHIKUW +LHUEHL ZLUG GHQ (LQVFKOHXVOLQLHQ HQWVSUHFKHQG GHU ]X HUZDUWHQGHQ 6WFNJWHU HLQH 3ULRULWlW ]XJHZLHVHQ 'LH 3ULRULWlW EHVWLPPW RE GLH (LQVFKOHXVOLQLH MHGH YLHUWH MHGH VHFKVWH RGHU MHGH QWH IUHLH 6FKDOH EHOHJHQ GDUI /LHJW HLQ 6RUWLHUJXW LQ GHU (LQVFKOHXVSRVLWLRQ HLQHU /LQLH EHUHLW PHOGHW GLHVH GLH 6FKDOHQUHVHUYLHUXQJ DQ XQG GLH 6WHXHUXQJ UHVHU YLHUW HQWVSUHFKHQG GHU 3ULRULWlW XQG GHU IUHLHQ 6FKDOHQ HLQH 3RVLWLRQ IU GLHVH(LQVFKOHXVOLQLH>%HX@ :lKUHQGGLHVHV9HUIDKUHQQXUGLH(LQVFKOHXVOLQLHQPLWHLQVFKOHXVEHUHL WHQ6WFNJWHUQEHUFNVLFKWLJHQDUEHLWHWGDV5HIHUHQ]SXQNWYHUIDKUHQQDFK %HXPHU YRUDXVVFKDXHQG 9RU GHU HUVWHQ (LQVFKOHXVOLQLH EHILQGHW VLFK DXI GHP 9HUWHLOI|UGHUHU HLQ 'LVSRVLWLRQVSXQNW '3  V $EE  -HGH (LQ VFKOHXVOLQLH KDW LQ HLQHP $EVWDQG GHU HLQ ]HLWJOHLFKHV (UUHLFKHQ HLQHV 6RUWLHUJXWHVPLWGHPDP 'LVSRVLWLRQVSXQNWYRUEHLJHODXIHQHQ3ODW]HUP|J OLFKW HLQHQ 5HIHUHQ]SXQNW 53Q  6REDOG HLQ ]X

EHOHJHQGHU 3ODW] GHQ

'LVSRVLWLRQVSXQNW SDVVLHUW PHOGHW GLH (LQVFKOHXVOLQLH DQ GHUHQ 5HIHUHQ] SXQNW VLFK HLQ 6RUWLHUJXW EHILQGHW GLHVHQ 3ODW] ]XU %HOHJXQJ DQ 'D DEHU LQ GHU 5HJHO PHKUHUH (LQVFKOHXVOLQLHQ HLQHQ JOHLFKHQ 3ODW] EHDQVSUXFKHQ JUHLIHQ KLHU ZLHGHU GLH 3ULRULWlWVUHJHOQ GHU IOH[LEOHQ G\QDPLVFKHQ =XRUG QXQJ>$,.6&@ (VHPSILHKOWVLFKXQDEKlQJLJYRQGHU6WUDWHJLHZDKOGHQJHVDPWHQ(LQ VFKOHXVEHUHLFK ]X EHWUDFKWHQ XQG EHUHLWV GLH =XWHLOXQJ GHU *WHU DXI GLH (LQVFKOHXVVWUHFNHQHQWVSUHFKHQG]XEHUFNVLFKWLJHQ %HL GHQ ELVKHULJHQ hEHUOHJXQJHQ ZXUGH GDYRQ DXVJHJDQJHQ GDVV DP 6RUWHU NHLQH YRUEHUHLWHQGHQ 0D‰QDKPHQ ]XU (LQVFKOHXVXQJ QRWZHQGLJ VLQG %HLP 6FKLHEHVFKXKVRUWHU PLW EHLGVHLWLJHU $XVVFKOHXVXQJ LVW HV DEHU ]ZLQJHQGHUIRUGHUOLFKGDVVGLH*WHUYRUGHP(UUHLFKHQGHU6RUWLHUVWUHFNH LGHQWLIL]LHUW VLQG XQG LKUH /lQJH JHPHVVHQ ZXUGH 'HQQ GLH 6HLWH GHU $XVVFKOHXVXQJ PXVV IUK JHQXJ EHNDQQW VHLQ GDPLW GLH $Q]DKO GHU QRW ZHQGLJHQ 6FKLHEHVFKXKH EHVWLPPW ZHUGHQ NDQQ XQG VLH LQ GHU 5FNIKU VWUHFNH XQWHUKDOE GHU 6RUWLHUVWUHFNH DXI GLH HQWJHJHQJHVHW]WH 6HLWH YHU VFKREHQ ZHUGHQ N|QQHQ 'DV KDW ]ZDU NHLQH 5FNZLUNXQJHQ DXI GLH (LQVFKOHXVVWUDWHJLHQ HUIRUGHUW DEHU GHQ ,3XQNW ZHLW JHQXJ YRU GHP



'LH6WHXHUXQJ

9HUWHLOI|UGHUHU ]X SODW]LHUHQ GDPLW JHQJHQG =HLW IU GLH JHQDQQWHQ 0D‰QDKPHQEOHLEW

6WHXHUXQJGHU(QGVWHOOHQ]XRUGQXQJ=LHOGHILQLWLRQ 

'LH]HQWUDOH$XIJDEHGLHVHU%HWULHEVVWUDWHJLHEHVWHKWGDULQGLHDUWLNHOZHL VH NRPPLVVLRQLHUWHQ *WHU GHQ (QGVWHOOHQ DXIWUDJVUHLQ ]X]XRUGQHQ XQG KLHUEHL HLQH JXWH $XVODVWXQJ DOOHU 5HVVRXUFHQ YRQ GHU (LQVFKOHXVXQJ ELV ]XGHQ3DFNVWDWLRQHQ]XEHUFNVLFKWLJHQ 'LH =LHOGHILQLWLRQ HUIROJW V\VWHPWHFKQLVFK LQ GHU ,GHQWLIL]LHUXQJ QDFK GHU (UNHQQXQJ GHV %DUFRGHV V $EE   :HQQ GLH $Q]DKO GHU $XIWUlJH Q$ NOHLQHU RGHU JOHLFK GHU $Q]DKO YHUIJEDUHU (QGVWHOOHQ LVW Q(QG LVW GLH $XIJDEHWULYLDOGDIUMHGHQ$XIWUDJHLQHIUHLH(QGVWHOOHJHIXQGHQZHUGHQ NDQQ+LHUNDQQGLH=XRUGQXQJ]XHLQHP=LHOKLQVLFKWOLFKHLQHUJOHLFKPl ‰LJHQ $XVODVWXQJ GHV 3DFNSHUVRQDOV RGHU QDFK DQGHUHQ PDWHULDOIOXVV WHFKQLVFKHQ $VSHNWHQ ZLH 5XWVFKHQJHRPHWULH (QWIHUQXQJHQ RGHU 3DFN PLWWHOEHUHLWVWHOOXQJHUIROJHQ 6REDOG ]X HLQHP =HLWSXQNW W GLH $Q]DKO GHU QLFKW ]XJHRUGQHWHQ $XIWUl JH Q$IUHL W  GLH $Q]DKO GHU IUHLHQ (QGVWHOOHQ Q(QGIUHL W  EHUVWHLJW VLQG GHUDUW HLQIDFKH =XRUGQXQJVUHJHOQ QLFKW PHKU JHHLJQHW (V HPSILHKOW VLFK LQ GHU 3UD[LV ]ZHLVWXILJH 5HJHOQ

]X IRUPXOLHUHQ XQG ]X YHUZHQGHQ

>%46@ ,Q GHU HUVWHQ 6WXIH ZLUG GLH =XRUGQXQJVIlKLJNHLW GHU $XIWUlJH JHSUIWLQGHU]ZHLWHQ6WXIHGLH=XRUGQXQJVSULRULWlW

=XRUGQXQJVIlKLJNHLWHLQHV$XIWUDJV

0LWGHU=XRUGQXQJVIlKLJNHLWZLUGEHUSUIWREHLQ$XIWUDJJHQHUHOOVFKRQ HLQHU (QGVWHOOH ]XJHRUGQHW ZHUGHQ NDQQ %R]HU QHQQW KLHU]X GUHL 5HJHOQ >%R]@  2UGHU&RPSOHWLRQ(QIRUFHG (LQ $XIWUDJ NDQQ HUVW GDQQ HLQHU (QGVWHOOH ]XJHRUGQHW ZHUGHQ ZHQQ DOOH 7HLOH GLHVHV $XIWUDJV GHQ ,3XQNW DQ GHU (LQVFKOHXVXQJ SDVVLHUW KDEHQ 'LHVH 5HJHO UHGX]LHUW GLH (QGVWHOOHQEHOHJXQJV]HLW GD GDYRQ DXV]XJHKHQ LVW GDVV GHU JHVDPWH $XIWUDJ VFKQHOO DXVVRUWLHUW ZHUGHQ NDQQ1DFKWHLOLJLVWGLHKRKH$XVODVWXQJGHV9HUWHLOI|UGHUHUVPLWYLH OHQIDVWNRPSOHWWHQ$XIWUlJHQ  2UGHU&RPSOHWLRQ5HOD[HG (LQH=XRUGQXQJNDQQHUIROJHQVREDOGGDVHUVWH7HLOGHV$XIWUDJVDP ,3XQNW HUNDQQW ZLUG +LHUEHL ZLUG GHU 9HUWHLOI|UGHUHU QXU ZHQLJ EH ODVWHWDEHUGLH(QGVWHOOHZLUGIUHLQHQOlQJHUHQ=HLWUDXPEHOHJW

%HWULHEVVWUDWHJLHQ



 $GYDQFH3ULRULW\5DQNLQJ :HQQDOOH7HLOHHLQHV$XIWUDJVNRPPLVVLRQLHUWVLQGXQGLKUH3RVLWLR QHQ LP $UWLNHOVWURP IHVWVWHKHQ NDQQ GLHVHU $XIWUDJ ]XJHRUGQHW ZHU GHQ (V PXVV QRFK NHLQ $UWLNHO GHV $XIWUDJV DP ,3XQNW VHLQ 9RU GHP,3XQNWPXVVDOOHUGLQJVGLH$UWLNHOUHLKHQIROJHEHNDQQWVHLQ0LW GLHVHQ ,QIRUPDWLRQHQ NDQQ GLH 6WHXHUXQJ GLH (QGVWHOOHQ]XRUGQXQJ EHVVHUGLVSRQLHUHQXQGHLQH5HGX]LHUXQJGHU(QGVWHOOHQEHOHJXQJV]HLW EHLPRGHUDWHU=XVDW]EHODVWXQJGHV9HUWHLOI|UGHUHUVHUP|JOLFKHQ 'LH DOV ]XZHLVXQJVIlKLJ HUNDQQWHQ $XIWUlJH ZHUGHQ DQVFKOLH‰HQG PLW HLQHU3ULRULWlWYHUVHKHQ

=XRUGQXQJVSULRULWlW

'LH 3ULRULWlW NDQQ DQKDQG VWDWLVFKHU (LJHQVFKDIWHQ $XIWUDJVJU|‰H %H VWHOOGDWXP XVZ  EHVWLPPW ZHUGHQ 'LHVHV NDQQ EHUHLWV YRU %HJLQQ GHU .RPPLVVLRQLHUXQJ HUIROJHQ VR GDVV GLH $XIWUlJH EHUHLWV YRU LKUHU =XRUG QXQJVIlKLJNHLW LKUH 3ULRULWlW KDEHQ XQG DOOH ]XJHZLHVHQHQ $XIWUlJH DQ KDQG GHU 3ULRULWlWVUHLKHQIROJH ]XJHZLHVHQ ZHUGHQ 'LHVH 5HLKHQIROJH NDQQ VLFK DEHU PLW MHGHP QHX DOV ]XZHLVXQJVIlKLJ HUNDQQWHQ $XIWUDJ lQGHUQ :LUG GLH 3ULRULWlW QDFK G\QDPLVFKHQ .ULWHULHQ EHVWLPPW GLH VLFK LP9HUODXIGHU.RPPLVVLRQLHUXQJRGHUEHLGHU,GHQWLIL]LHUXQJGHV$UWLNHOV HUJHEHQ PXVV GLH 3ULRULWlW PLW MHGHP QHX LGHQWLIL]LHUWHQ 7HLO QHX EHUHFK QHWZHUGHQ +LHUHUJHEHQVLFKVRODQJHGLH$UWLNHOQRFKNHLQHQ$XIWUlJHQ]XJHRUGQHW VLQG EHVVHUH 0|JOLFKNHLWHQ DOV ZHQQ GLH $XIWUDJV]XRUGQXQJ EHUHLWV LQ GHU .RPPLVVLRQLHUXQJ HUIROJWH %R]HU XQWHUVFKHLGHW YLHU =XRUGQXQJVUH JHOQ>%R]@  ,QFLGHQWDO$VVLJQPHQWG\QDPLVFK  3DVVLHUWHLQ$UWLNHOHLQHVQRFKQLFKW]XJHZLHVHQHQ$XIWUDJVGHQ,GHQ WLILNDWLRQVSXQNWXQGLVW]XGLHVHP=HLWSXQNWHLQHIUHLH(QGVWHOOHYHU IJEDU VR ZHUGHQ $XIWUDJ XQG (QGVWHOOH HLQDQGHU ]XJHZLHVHQ 'LHVH /RJLNEH]LHKWLKUHQ9RUWHLODXVVFKQHOOHQ(QWVFKHLGXQJHQ  2OGHVW2UGHUG\QDPLVFK  'HPDPOlQJVWHQ]XZHLVXQJVIlKLJHQ$XIWUDJZLUGHLQHIUHLH(QGVWHO OH UHVHUYLHUW 'LHVH 5HJHO HQWVSULFKW HLQHU ),)26WUDWHJLH )LUVW,Q )LUVW2XW XQGVROOHLQHUhEHUDOWHUXQJYRQ$XIWUlJHQYRUEHXJHQ  /DUJHVW2UGHUVWDWLVFK  'HP JU|‰WHQ $XIWUDJ $Q]DKO GHU 7HLOH  GHU QRFK QLFKW ]XJHZLHVHQ ZXUGHZLUGHLQHIUHLH(QGVWHOOHUHVHUYLHUW+LHUGXUFKVROOGLH$Q]DKO GHU7HLOHLQGHU5H]LUNXODWLRQJHULQJJHKDOWHQZHUGHQ



'LH6WHXHUXQJ

 6PDOOHVW2UGHUVWDWLVFK  'HPNOHLQVWHQ$XIWUDJ$Q]DKOGHU7HLOH GHUQRFKQLFKW]XJHZLHVHQ ZXUGHZLUGHLQHIUHLH(QGVWHOOHUHVHUYLHUW%HLNOHLQHQ$XIWUlJHQEH VWHKW HLQH K|KHUH :DKUVFKHLQOLFKNHLW GDVV VLH VFKQHOO YROOVWlQGLJ LQ GHU (QGVWHOOH JHVDPPHOW XQG GLH 3DFNDUEHLWHQ HQWVSUHFKHQG IUK EH HQGHWVLQGGDPLWGLH(QGVWHOOHQHXEHOHJWZHUGHQNDQQ 5DGWNHNRPPHQWLHUWGLHVH5HJHOQXQGIJWZHLWHUHKLQ]X>5DG6@  )DVWHVW2UGHUG\QDPLVFK  'HUVFKQHOOVWDE]XVFKOLH‰HQGH$XIWUDJLVWGHUGHVVHQOHW]WHV7HLOGHP ,3XQNWDPQlFKVWHQLVW+LHU]XPXVVGLH7HLOHUHLKHQIROJHYRUGHP, 3XQNWEHNDQQWVHLQ  &RPSOHWHVW2UGHUG\QDPLVFK  -H YROOVWlQGLJHU HLQ $XIWUDJ DXI GHP 6RUWLHUNUHLV LVW GHVWR K|KHU LVW VHLQH3ULRULWlW'LH9ROOVWlQGLJNHLWZLUGGDEHLUHODWLY]XVHLQHU*U|‰H JHPHVVHQ $XFK KLHU VROO VLFKHUJHVWHOOW ZHUGHQ GDVV HLQH EHOHJWH (QGVWHOOH UHODWLY VFKQHOO ZLHGHU IUHLJHJHEHQ ZHUGHQ NDQQ ,P 8QWHU VFKLHG ]XU 5HJHO IQI )DVWHVW 2UGHU  PXVV KLHU GLH 7HLOHUHLKHQIROJH YRUGHP,3XQNWQLFKWEHNDQQWVHLQXQGPDQVSDUWDXIZlQGLJHYRUJH ODJHUWH,GHQWLILNDWLRQVHLQULFKWXQJHQ  %XVLHVW2UGHUG\QDPLVFK  'LHVH 5HJHO lKQHOW 5HJHO VHFKV &RPSOHWHVW 2UGHU  MHGRFK LVW KLHU GLH DEVROXWH $Q]DKO GHU 7HLOH XQDEKlQJLJ YRQ GHU $XIWUDJVJU|‰H PD‰JHEHQG 'LHVH /RJLN YHUIROJW GDVVHOEH =LHO ZLH 5HJHO GUHL /DU JHVW2UGHU  GLH$Q]DKOGHUUH]LUNXOLHUHQGHQ7HLOH]XUHGX]LHUHQ'D KHU ZLUG GHQ $XIWUlJHQ GLH GHQ 6RUWLHUNUHLVODXI PRPHQWDQ DP VWlUNVWHQEHODVWHQHLQHK|KHUH3ULRULWlW]XJHZLHVHQ 'LH 5HJHOQ N|QQHQ DXFK PLWHLQDQGHU NRPELQLHUW ZHUGHQ /HW]WHQGOLFK lQGHUQVLFKWKHRUHWLVFKPLWMHGHPQHXLGHQWLIL]LHUWHQ*XWGLH3ULRULWlWDOOHU $XIWUlJH XQG GLH 5HLKHQIROJH LKUHU =XRUGQXQJ (V LVW ]X YHUKLQGHUQ GDVV $XIWUlJHGHUDUWVFKOHFKWH3ULRULWlWHQKDEHQGDVVMHGHUQHXH$XIWUDJVRIRUW YRUGLHVHP]XJHRUGQHWZLUG6RQVWEHUDOWHUQGLHVH$XIWUlJHEHODVWHQGHQ 6RUWHU XQG YHUSDVVHQ HYHQWXHOO /LHIHUWHUPLQH RGHU EORFNLHUHQ GHQ 9HUWHLO I|UGHUHU GXUFK 5H]LUNXODWLRQ :HLWHUKLQ VLQG 5HJHOQ IU $XIWUlJH GLH UHFKQHULVFK GLH JOHLFKH 3ULRULWlWEHNRPPHQ ]X IRUPXOLHUHQ ,QVJHVDPW VHL QRFKPDOV YHUPHUNW GDVV 2SWLPLHUXQJVHIIHNWH GXUFK GLHVH 5HJHOQ QXU DXIWUHWHQ ZHQQ ZHQLJHU (QGVWHOOHQ DOV $XIWUlJH YHUIJEDU VLQG 1DFK GHU 3ULRULWlWV]XZHLVXQJ N|QQHQ GLH $XIWUlJH GHQ (QGVWHOOHQ ]XJHRUGQHW ZHU GHQ

%HWULHEVVWUDWHJLHQ



=XRUGQXQJGHU$XIWUlJH

'LH =XRUGQXQJ HUIROJW HUVW GDQQ ZHQQ GLH QlFKVWH (QGVWHOOH IUHL ZLUG :HUGHQPHKUHUH(QGVWHOOHQIUHLZLUGGLHDPNU]HVWHQHQWIHUQWH(QGVWHOOH ]XJHZLHVHQ (QGVWHOOHQ GLH GXUFK JHHLJQHWH 9RUULFKWXQJHQ PHKUHUH $XI WUlJH LQ HLQ]HOQHQ =LHOVWHOOHQ VDPPHOQ N|QQHQ JHOWHQ DOV IUHL ZHQQ PLQ GHVWHQVHLQH=LHOVWHOOHIUHLLVW 'LH =XRUGQXQJ LVW EHL GHQ PHLVWHQ 6RUWHUQ PLW HLQHU 7ULJJHUXQJ YHU EXQGHQ %HL 6RUWHUQ PLW IUHLHU %HOHJXQJ ZLUG LQ GHU 5HJHO QDFK GHU 7ULJ JHUXQJ GLH =HLW EHUHFKQHW QDFK ZHOFKHU GDV *XW GLH $XVVFKOHXVSRVLWLRQ HUUHLFKW XQG GDQQ RKQH ZHLWHUH ,GHQWLIL]LHUXQJ GLH $XVVFKOHXVYRUULFKWXQJ DNWLYLHUW %HL 6FKLHEHVFKXKVRUWHUQ PVVHQ DX‰HUGHP GLH 6FKXKH LQ GLH ULFKWLJH 3RVLWLRQ JHEUDFKW ZHUGHQ +LHU GDUI VLFK QDFK GHU 7ULJJHUXQJ GLH 3RVLWLRQGHV*XWHVDXIGHP6RUWHUQLFKWPHKUlQGHUQ 'LH7ULJJHUXQJVROOWHGDKHUNXU]QDFK GHU,GHQWLIL]LHUXQJXQGP|JOLFKVW QDKH GHU $XVVFKOHXVSRVLWLRQ HUIROJHQ XP ZHQLJ 6SLHOUDXP IU 9HUlQGH UXQJHQ GHU 3RVLWLRQ ]X JHEHQ %HL 6RUWHUQ PLW (LQ]HOSODW]EHOHJXQJ NDQQ GLH=XRUGQXQJQRFKXQPLWWHOEDUYRUGHU$XVVFKOHXVSRVLWLRQHUIROJHQ

6WHXHUXQJGHU$XVVFKOHXVXQJ

1DFKGHP GLH $XIWUlJH HLQHU (QGVWHOOH ]XJHRUGQHW ZXUGHQ VLQG KLHUPLW DOOH GHP $XIWUDJ ]XJHK|ULJHQ $UWLNHO DXWRPDWLVFK ]XJHRUGQHW 'HQQRFK PXVV GLH $XVVFKOHXVXQJ EHUZDFKW XQG JHVWHXHUW ZHUGHQ (V LVW ]X YHU KLQGHUQ GDVV GDV DXVJHVFKOHXVWH 7HLO QLFKW YROOVWlQGLJ LQ GLH (QGVWHOOH JHODQJW XQG ]X HLQHU VFKZHUZLHJHQGHQ *HIlKUGXQJ IU GHQ JHVDPWHQ 6RUWHU ZLUG +LHUIU N|QQHQ ]ZHL SULQ]LSLHOOH 3UREOHPNUHLVH YHUDQWZRUW OLFKVHLQ

E

)DOOV GDV *XW ZHJHQ HLQHU 9HUKDNXQJ ZHJHQ ]X KRKHU 5HLEXQJVNUlIWH RGHU VRQVWLJHU %HKLQGHUXQJHQ WURW] JHQJHQGHP 3ODW] QLFKW LQ GLH (QG VWHOOH UXWVFKW XQG LP /LFKWUDXPSURILO GHV 6RUWHUV OLHJHQ EOHLEW NDQQ GLH $XVVFKOHXVVWHXHUXQJ OHGLJOLFK YHUKLQGHUQ GDVV ZHLWHUH 7HLOH DXVJH VFKOHXVW ZHUGHQ (LQH 9HUPHLGXQJ GHV 9HUNOHPPHQV GHV *XWHV ]ZL VFKHQ EHZHJWHP 6RUWHU XQG IHVWVWHKHQGHQ (QGVWHOOHQHOHPHQWHQ LVW GDQQ DOOHUGLQJV HLQHU ZHLWHUJHKHQGHQ 6HQVRULN PLW HQWVSUHFKHQGHQ 1RWDXV VFKDOWXQJHQEHUODVVHQ

E

:HQQDEHUGLH(QGVWHOOHNHLQHZHLWHUHQ*WHUPHKUDXIQHKPHQNDQQGD LKUH .DSD]LWlW HUUHLFKW ZXUGH NDQQ HLQ 6SHUUHQ ZHLWHUHU $XVVFKOHXVXQ JHQGLHREHQEHVFKULHEHQHQHUQVWHQ*HIDKUHQYHUPHLGHQ'DV(UUHLFKHQ GHU .DSD]LWlWVJUHQ]H NDQQ WKHRUHWLVFK ]ZDU EHUHFKQHW ZHUGHQ GD GLH $XVULFKWXQJ GHU $UWLNHO DEHU QLFKW YRUKHUVDJEDU LVW NDQQ GLH 5HDOLWlW



'LH6WHXHUXQJ

HUKHEOLFK YRQ GHQ %HUHFKQXQJHQ DEZHLFKHQ 'DKHU VROOWH DQ JHHLJQHWHU 6WHOOHHLQ6HQVRUGHQ3ODW]IUHLQZHLWHUHV*XWLQGHU(QGVWHOOHSUIHQ 6RUWLHUJWHU GLH ZHJHQ HLQHU EHOHJWHQ (QGVWHOOH QLFKW DXVJHVFKOHXVW ZHU GHQ N|QQHQ PVVHQ UH]LUNXOLHUHQ XQGEHOHJHQ XQQ|WLJ GHQ 6RUWHU $X‰HU GHPZLUGGHU$XIWUDJLQGHU(QGVWHOOHQLFKWDEJHVFKORVVHQ%HLGH)DNWRUHQ UHGX]LHUHQ GLH HIIHNWLYH 6RUWLHUOHLVWXQJ  VR GDVV GLH 6WHXHUXQJ GHV 3DFN V\VWHPV QLFKW QXU EHU IHUWLJ JHPHOGHWH $XIWUlJH HUIROJHQ GDUI VRQGHUQ DXFKDXIXQYRUKHUJHVHKHQH5HDNWLRQHQUHDJLHUHQVROOWH

6WHXHUXQJGHV3DFNEHUHLFKHV

(LQH 6WHXHUXQJ GHV 3DFNEHUHLFKHV KDW OHGLJOLFK (LQIOVVH DXI GDV 6RUWLHU V\VWHP ZHQQ GLH 9HUSDFNXQJ XQPLWWHOEDU DQ GHU (QGVWHOOH HUIROJW :HU GHQ GLH *WHU DXV GHQ (QGVWHOOHQ DXWRPDWLVFK ZHLWHUWUDQVSRUWLHUW XQG DQ DQGHUHU 6WHOOH ]HQWUDO YHUSDFNW VR GDVV NHLQH 5FNZLUNXQJHQ DXI GHQ 6RUWHU HQWVWHKHQ KDW GLH 6WHXHUXQJ GHU 9HUSDFNXQJ NHLQH %HGHXWXQJ IU GDV 6RUWLHUV\VWHP +LHU PXVV QXU HLQH h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lFKVWHQ (QGVWHOOH LQ LKUHP %HUHLFK ]XJHZLHVHQ 'HP 9RUWHLO HLQHU JOHLFKPl‰LJHQ $XVODVWXQJ VWHKW GHU 1DFKWHLO K|KHUHU :HJ]HLWHQXQGDXIZlQGLJHU,QIRUPDWLRQVWHFKQRORJLHJHJHQEHU =XU 6WHXHUXQJ GHV 3DFNEHJLQQV VWHKHQ HEHQIDOOV ]ZHL 0|JOLFKNHLWHQ RIIHQ HU NDQQ HUIROJHQ QDFKGHP HLQ $XIWUDJ YROOVWlQGLJ NRPPLVVLRQLHUW ZXUGH RGHU EHUHLWV YRU (LQWUHIIHQ GHV OHW]WHQ $UWLNHOV 'LH ]ZHLWH 0|J OLFKNHLW ELHWHW GHQ 9RUWHLO GDVV GLH (QGVWHOOHQ UHODWLY VFKQHOO JHOHHUW XQG VFKQHOOHU ZLHGHU IUHLJHJHEHQ ZHUGHQ N|QQHQ RGHU GDV $XIWUDJVYROXPHQ GDV GHU (QGVWHOOH ]XJHRUGQHW ZLUG JU|‰HU DOV GHUHQ .DSD]LWlW VHLQ NDQQ 1DFKWHLOLJ VLQG GLH XQWHU 8PVWlQGHQ PHKUIDFKH 8QWHUEUHFKXQJ GHV 3DFN YRUJDQJV XQG GLH ]ZLVFKHQ GHQ 3DFNVWHOOHQ PHKUIDFK YHUEUDXFKWHQ :HJ ]HLWHQ 'LH HLJHQWOLFKH 6WHXHUXQJ GHV 3DFNSHUVRQDOV NDQQ EHU /HXFKW]HLFKHQ RGHUHOHNWURQLVFKSHU'UDKWRGHUGUDKWORVHUIROJHQ

(LQVDW]EHLVSLHOH

1DFKGHP LQ GHQ YRUDQJHJDQJHQHQ .DSLWHOQ GLH 6RUWLHU XQG 9HUWHLOV\VWH PH ELV KLQXQWHU ]X GHQ .RPSRQHQWHQ V\VWHPDWLVLHUW XQG LP 'HWDLO GDUJH VWHOOW ZXUGHQ VROOHQ DEVFKOLH‰HQG ]ZHL 5HDOLVLHUXQJVEHLVSLHOH DXV GHQ +DXSWHLQVDW]EHUHLFKHQ GHU 6RUWLHUV\VWHPH 'LVWULEXWLRQ XQG .(3'LHQVW  GHQ%OLFNZLHGHUDXIGDV*HVDPWV\VWHP OHQNHQ

2WWR9HUWHLO]HQWUXP+DOGHQVOHEHQ

6HLW  EHWUHLEW GLH 2WWR *UXSSH DP 6WDQGRUW +DOGHQVOHEHQ EHL 0DJGH EXUJHLQ:DUHQYHUWHLO]HQWUXPPLWFD0LWDUEHLWHUQ+DOGHQVOHEHQLVW LQ .RPELQDWLRQ PLW +DPEXUJ IU GHQ 9HUVDQG NOHLQWHLOLJHU *WHU GLH LQ 7WHQ RGHU 3DNHWHQ YHUSDFNW ZHUGHQ N|QQHQ ]XVWlQGLJ 0LW DFKW 6RUWLHU XQG 9HUWHLOHLQULFKWXQJHQ XQWHUVFKLHGOLFKHQ 7\SV XQG PLW YHUVFKLHGHQHQ $XIJDEHQZHUGHQDXVGLHVHP6RUWLPHQWPLWHWZD$UWLNHOQWlJOLFK ]ZLVFKHQXQG$XIWUlJHPLWELV $UWLNHOQ NRPPLVVLRQLHUW VRUWLHUW YHUSDFNW XQG DXVJHOLHIHUW 'LH .XQGHQDXIWUlJH ZHUGHQ LQ  ELV  %DWFKHV WlJOLFK ]XVDPPHQJHIDVVW ZREHL HLQ %DWFK XQJHIlKU$XIWUlJHEHLQKDOWHW 'LH LQ GHU 5HJHO NDUWRQYHUSDFNWHQ :DUHQ EHILQGHQ VLFK LQ ]ZHL +RFK UHJDOODJHUQ (QWVSUHFKHQGGHQYRUOLHJHQGHQ%HVWHOOXQJHQZHUGHQGLH.DU WRQV DXVJHODJHUW XQG EHU HLQHQ 9RUVRUWHU 6RUWHU   DXI ]ZHL P|JOLFKH %HUHLFKH DXIJHWHLOW LQ HLQHQ 1DFKVFKXEEHUHLFK IU GDV .RPPLVVLRQLHUOD JHU XQG HLQHQ $XIWUDJVEHUHLFK IU GHQDNWXHOOHQ 7DJ 'LH 1DFKVFKXEOLHIH UXQJHQ ZHUGHQ EHU GHQ 6RUWHU GHP HQWVSUHFKHQGHQ +DQGNRPPLVVLRQLHU EHUHLFK]XJHRUGQHW .DUWRQV GHUHQ ,QKDOW NRPSOHWW IU GHQ DNWXHOOHQ 7DJ GLVSRQLHUW ZXUGH JHODQJHQ LQ GHQ $XIWUDJVEHUHLFK +LHU ZHUGHQ VLH ]XQlFKVW DQ PHKUHUHQ $XVSDFNVWDWLRQHQ HQWOHHUW XQG LKU ,QKDOW ZLUG LQ :DQQHQ XPJHIOOW 'LH :DQQHQ WUHIIHQ YRU GHP 6RUWHU PLW ZHLWHUHQ :DQQHQ DXV DQGHUHQ %HUHL FKHQ ]XVDPPHQ 6LH ZHUGHQ DQ ,GHQWLILNDWLRQVDUEHLWVSOlW]HQ DXWRPDWLVFK JHNLSSW XQG GLH HLQ]HOQHQ $UWLNHO ZHUGHQ HWLNHWWLHUW ZRGXUFK VLH JOHLFK ]HLWLJHLQHP .XQGHQDXIWUDJ]XJHRUGQHWVLQG



(LQVDW]EHLVSLHOH

$EE0DWHULDOIOXVVLP:DUHQYHUWHLO]HQWUXPGHU2WWR *UXSSHLQ+DOGHQVOHEHQ

'LH HLQ]HOQHQ $UWLNHO JHODQJHQ YRQ GRUW WHLODXWRPDWLVLHUW EHU ]HKQ (LQ VFKOHXVElQGHUDXIGHQ4XHUJXUWVRUWHU6RUWHU XQGGRUWPLWHLQHU6RUWLHU OHLVWXQJYRQ(LQKHLWHQSUR6WXQGHDQGLHFD(QGVWHOOHQ$QGHQ (QGVWHOOHQZHUGHQEDWFKUHLQH:DQQHQJHELOGHW $QVFKOLH‰HQG WUHIIHQ GLH :DQQHQ DXV GHP +DQGNRPPLVVLRQLHUEHUHLFK XQG GHP $XIWUDJVEHUHLFK ]XVDPPHQ XQG ZHUGHQ NRQVROLGLHUW 'DV KHL‰W YRQKLHUDXVVLQGGLH:DQQHQPLWLKUHP,QKDOWXQGLKUHU=XJHK|ULJNHLW]X HLQHP%DWFKEHNDQQW 'LH:DQQHQJHODQJHQGDQQJHPHLQVDPLQGHQ3XIIHUEHUHLFK'HU 3XIIHU GLHQW GHU (QWNRSSOXQJ GHV 9RUEHUHLWXQJV XQG QDFKIROJHQGHQ 6RUWLHUEH UHLFKVPLWGHP=LHOGLH6RUWHURSWLPDODXV]XODVWHQ 'HU 3XIIHUEHUHLFK EHVWHKW DXV HLQHP %DKQHQSXIIHU PLW  %DKQHQ XQG HLQHP $XWRPDWLVFKHQ .OHLQWHLOHODJHU $./  PLW  6WHOOSOlW]HQ ,P %DKQHQSXIIHU N|QQHQ IU MHGHQ GHU GUHL IROJHQGHQ 6RUWHU DFKW %DWFKHVEH UHLWJHKDOWHQ ZHUGHQ 9RQ MHGHP %DWFK SDVVHQ FD  :DQQHQ LQ GHU 3XI IHUEDKQ GLH UHVWOLFKHQ FD  :DQQHQZHUGHQ EHLP $EUXIHQ GHV %DWFKHV ]XP 6RUWHU DXV GHP $./ DXVJHODJHUW XQG KLQWHU GHP %DKQHQSXIIHU PLW GHQDQGHUHQ:DQQHQ]XVDPPHQJHIKUW

2WWR 9HUWHLO]HQWUXP+DOGHQVOHEHQ



'D HLQ %DWFK ZHQLJHU $XIWUlJH EHLQKDOWHW DOV GLH HLQ]HOQHQ 6RUWHU (QG VWHOOHQKDEHQN|QQHQVLFKGXUFKDXVPHKUHUH%DWFKHVJOHLFK]HLWLJDXIGHP 6RUWHU EHILQGHQ )U GLH )UHLJDEH GHV QlFKVWHQ %DWFKHV PXVV VLFK ]XP HL QHQGHUYRUKHULJH%DWFKNRPSOHWWDXIGHP6RUWHUEHILQGHQXQG]XPDQGH UHQPVVHQEHUHLWV$XVVFKOHXVHOHPHQWHGHV6RUWHUVIUHLVHLQ 'HU 6RUWLHUEHUHLFK ZXUGH LQ ]ZHL %DXVWXIHQ UHDOLVLHUW 'LH 6RUWHU GHU HUVWHQ %DXVWXIH 6RUWHU  XQG 6RUWHU   VLQG EDXJOHLFK ,P (LQVFKOHXVEH UHLFK ZHUGHQ EHLGH 6RUWHU SDUDOOHO LQ ]ZHL (EHQHQ JHIKUW 6R NDQQ YRQ GHQ WHLODXWRPDWLVFKHQ *XWDXIJDEHQ EHU HLQH 9HUWLNDOZHLFKH MHGHU GHU EHLGHQ 6RUWHU EHODGHQ ZHUGHQ 'LH 6RUWHU YRP 7\S 6DQGYLN 3/86 VLQG LQGHU/DJHLKUH4XHUJXUWHDXIYLHUYHUWLNDOXQWHUVFKLHGOLFKH3RVLWLRQHQ]X YHUIDKUHQ VR GDVV DQ MHGHU (QGVWHOOH YLHU =LHOVWHOOHQ EHUHLQDQGHU DQ]X RUGQHQVLQGV$EE 'LH=LHOVWHOOHQZHUGHQEHUHLQHQNOHLQHQ/LIWLQ GLH6DPPHOVWHOOHHQWOHHUW DXVGHUGDV3DFNSHUVRQDOGDQQVDPPHOW XQGGLH .XQGHQSDNHWHSDFNW'LHIHUWLJHQ3DNHWHXQG9HUVDQGEHXWHOJHODQJHQEHU HLQ TXHU ODXIHQGHV )|UGHUEDQG LQ GHQ 9HUVDQGEHUHLFK -HGHP 0LWDUEHLWHU VLQGMHZHLOVYLHUELVIQI(QGVWHOOHQ]XJHRUGQHW

$EE 9LHUIDFKEHUHLQDQGHUOLHJHQGH(QGVWHOOHQ6RUWHUXQG 

'LH]ZHLWH$XVEDXVWXIHEHILQGHWVLFKLQHLQHUZHLWHUHQ+DOOH +LHU NRPPW HLQ 'RSSHOVWRFN4XHUJXUWVRUWHU 6RUWHU  GHU )LUPD %(80(5 ]XP (LQ VDW] GHU OHW]WHQGOLFK GLH JOHLFKH )XQNWLRQDOLWlW ZLH GLH 6DQGYLN6RUWHU HU IOOW DEHU DXI HLQHP DQGHUHQ $QVDW] EDVLHUW 'HU 6RUWHU ZXUGH EHUHLWV LQ .DSDOVÄ0XOWLOHYHO%HOW 7UD\6RUWHU³YRUJHVWHOOW(VKDQGHOWVLFKXP HL QHQ 'RSSHOVWRFN4XHUJXUWVRUWHU EHL GHP MHGHU ]ZHLWH )DKUZDJHQ EHLGH



(LQVDW]EHLVSLHOH

4XHUJXUWI|UGHUHU XP LKUHQ KDOEHQ $EVWDQG DQKHEHQ NDQQ XQG VLFK KLHU GXUFK HEHQIDOOV YLHU $EZXUIHEHQHQ HUJHEHQ 'LH 'RSSHOVWRFNDQRUGQXQJ YHUGRSSHOW EHL JOHLFKHU )|UGHUJHVFKZLQGLJNHLW ]ZDU GLH QRPLQDOH 6RUWLHU OHLVWXQJGLHVHP9RUWHLOVWHKWDOOHUGLQJVDXFKHLQHUK|KWHU$XIZDQGEHLGHU (LQVFKOHXVXQJ JHJHQEHU =XQlFKVW VLQG DXI MHGHQ )DOO 9HUWLNDOZHLFKHQ QRWZHQGLJ XP EHLGH (EHQHQ EHODGHQ ]X N|QQHQ 'DUEHU KLQDXV PVVHQ GLH*WHUGLHLQ(EHQH]ZHLRGHUYLHUYRQXQWHQEHWUDFKWHW DXVJHVFKOHXVW ZHUGHQ VROOHQ DXI GLH )DKUZDJHQ PLW GHQ EHZHJOLFKHQ 4XHUJXUWHQ HLQJH VFKOHXVW ZHUGHQ (V HUJLEW VLFK DOVR LQVJHVDPW HLQ GHXWOLFK K|KHUHU 6WHXH UXQJVDXIZDQG EHL GHU (LQVFKOHXVXQJ 'HU 3DFNEHUHLFK LVW DQVRQVWHQ lKQ OLFK ZLH LQ GHU HUVWHQ $XVEDXVWXIH RUJDQLVLHUW ,QVJHVDPW KDEHQ GLH GUHL 6RUWHU FD  =LHOVWHOOHQ



 'LH 1HQQVRUWLHUOHLVWXQJ DOOHU GUHL 6RUWHU EH

WUlJWLQVJHVDPWFD(LQKHLWHQSUR6WXQGH 'LH DXV GHQ 3DFNEHUHLFKHQ NRPPHQGHQ 6HQGXQJHQ ZHUGHQ QDFK 3DNH WHQXQG9HUVDQGEHXWHOXQWHUWHLOW]XVDPPHQJHIKUW'LH%HXWHO ZHUGHQDXI HLQHQ.LSSVFKDOHQVRUWHU6RUWHU JHI|UGHUWGHUVLHDXIHLQHUYRQP|J OLFKHQ=LHOUHODWLRQHQLQHLQH9HUVDQGER[VRUWLHUWV$EE  'LHJHIOOWHQ9HUVDQGER[HQZHUGHQJHVLFKHUWXQG]XP:DUHQDXVJDQJVEH UHLFK JHI|UGHUW ZR VLH PLW GHQ 3DNHWHQ DXV GHQ GUHL 3DFNEHUHLFKHQ ]X

$EE Ä7WHQVRUWHU³ 6RUWHU   ]XP UHODWLRQVZHLVHQ 6DPPHOQ GHU 9HUVDQGW WHQ



:LH LQ $EVFKQ  DXVJHIKUW OlVVW VLFK HLQH (QGVWHOOH LQ GHQ hEHU

JDQJ GHQ )|UGHU XQG GHQ 6DPPHOEHUHLFK XQWHUWHLOHQ :HLFKHQ N|QQHQ GLH (QG VWHOOH DXI PHKUHUH =LHOVWHOOHQ HUZHLWHUQ GLH LQ GHU 5HJHO GXUFK SDUDOOHOH )|UGHU VWUHFNHQ UHDOLVLHUW ZHUGHQ 6R EHVWHKW KLHU MHGH (QGVWHOOH DXV YLHU =LHOVWHOOHQ PLW HLQHUJHPHLQVDPHQEHUHLQHQ/LIW YHUEXQGHQHQ6DPPHOVWHOOH

2WWR 9HUWHLO]HQWUXP+DOGHQVOHEHQ



VDPPHQWUHIIHQ,P:DUHQDXVJDQJJHODQJHQGLH3DNHWHXQG9HUVDQGER[HQ DXI ]ZHL LP (LQVFKOHXVEHUHLFK SDUDOOHO JHIKUWH .LSSVFKDOHQVRUWHU 6RUWHU  XQG 6RUWHU   ZHOFKH GLH 9HUVDQGHLQKHLWHQ DXI GLH $XVJDQJVWRUH VRUWLH UHQV$EE 

$EE:DUHQDXVJDQJVVRUWHU6RUWHUXQG 

'LH .LSSVFKDOHQVRUWHU VLQG YRQ GHU )LUPD )., XQG HUUHLFKHQ HLQH 6RUWLHU OHLVWXQJ YRQ  (LQKHLWHQ SUR 6WXQGH 'LH 6RUWHU YRP 7\S 6( EHVLW]HQHOHNWULVFKEHWlWLJWH.LSSVFKDOHQGLHLQGHQ.XUYHQ]XU6WDELOLVLH UXQJ GHU 6RUWLHUJWHU OHLFKW JHQHLJW ZHUGHQ N|QQHQ XQG HUUHLFKHQ VR *H VFKZLQGLJNHLWHQ YRQ ELV ]X  0HWHUQ SUR 6HNXQGH 'LH 6FKDOHQ ZHUGHQ VRZRKOHLQ]HOQZLHDXFKGRSSHOWEHOHJW

$EE:DUHQDXVJDQJ



(LQVDW]EHLVSLHOH

$QHLQHP6RUWHUZLUGEHU:HQGHOUXWVFKHQDEJHZRUIHQGHU]ZHLWH6RUWHU JLEW GLH 3DNHWH EHU JHQHLJWH %UHPVUROOHQEDKQHQ MHZHLOV DXI 7HOHVNRS EDQGI|UGHUHU DE EHU ZHOFKH GLH 9HUVDQGHLQKHLWHQ PDQXHOO LQ GLH EHUHLW VWHKHQGHQ7UDQVSRUWHLQKHLWHQYHUVWDXWZHUGHQ

836:RUOGSRUW/RXLVYLOOH

'HU8QLWHG3DUFHO6HUYLFHPLW+DXSWVLW]LQ$WODQWD86$ YHUIJWPLWGHP ]XP 836 :RUOGSRUW DXVJHEDXWHQ $LU +XE /RXLVYLOOH .HQWXFN\ EHU GDV ZHOWZHLWJU|‰WH3DNHWYHUWHLO]HQWUXP(VQLPPWDOV+XEHLQH6FKOVVHOVWHO OXQJ LP JOREDOHQ 'LVWULEXWLRQVQHW]ZHUN YRQ 836 HLQ ,P :RUOGSRUW ZHU GHQ WlJOLFK EHU  0LR 3DNHWH VRUWLHUW GLH DQVFKOLH‰HQG PLWWHOV )OXJ]HX JHQ DXI GLH EULJHQ +XEV ZHOWZHLW YHUWHLOW ZHUGHQ 8P GLH (IIL]LHQ] ]X VWHLJHUQXQGGLH.RVWHQZHLWHU]XVHQNHQZDUHLQH(UZHLWHUXQJQRWZHQGLJ JHZRUGHQPLWGHUDXFKGHU³1H[W'D\ 'HOLYHU\6HUYLFH³UHDOLVLHUWZHUGHQ NRQQWH =XU %HZlOWLJXQJ GHU VWDUN DQVWHLJHQGHQ 7UDQVSRUWPHQJHQ ZXUGHQ XQWHUDQGHUHPYRQYRUPDOVVHFKVPDQXHOOHQ6RUWLHUEHUHLFKHQYLHUDXWRPD WLVLHUW ,P-XQLNRQQWHQDFKGUHLMlKULJHU%DX]HLWGHUHLQHYLHUMlKULJH3OD QXQJVSKDVH YRUDQJLQJ GHU 836 :RUOGSRUW DXI HLQHU )OlFKH YRQ  4XDGUDWPHWHUQ LQ %HWULHE JHQRPPHQ ZHUGHQ 0LW GHU FD  0LOOLDUGHQ 86 'ROODU WHXUHQ (UZHLWHUXQJ GHV 6WDQGRUWV /RXLVYLOOH ZXUGH GHU 'XUFK VDW]YRQDXI3DNHWHSUR6WXQGHJHVWHLJHUWXQGLVW GDUEHU KLQDXV QRFK HUZHLWHUEDU DXI  (LQKHLWHQ SUR 6WXQGH 'LH )LUPD 9DQGHUODQGH IXQJLHUWH DOV 6\VWHPLQWHJUDWRU IU GLH 6RUWLHUWHFKQLNXQG UHD OLVLHUWH GLYHUVH 6RUWLHUDQODJHQ YRUZLHJHQG 9HUWLNDOZHLFKHQ 6FKLHEH VFKXK XQG .LSSVFKDOHQVRUWHU ,QVJHVDPW EHLQKDOWHW GDV 6\VWHP  NP )|UGHUWHFKQLN HLQJHWHLOW LQ  )|UGHUDEVFKQLWWH PLW PHKU DOV  )|U GHUHUQV$EE  (LQ ZHVHQWOLFKHV 0HUNPDO GHV 6RUWLHUSUR]HVVHV LQ GHU QHX UHDOLVLHUWHQ $QODJH LVW GLH LQ $EVWlQGHQ VWDWWILQGHQGH .DPHUD5HJLVWULHUXQJ GHU 6HQ GXQJHQ ZREHL GDV 836 6PDUW /DEHO EHL FD   DOOHU 6HQGXQJHQ ]XP (LQVDW] NRPPW 0LWWHOV KRFK DXIO|VHQGHQ .DPHUDV E]Z PLW 6FDQQHUQ V $EE  ZLUG GHU %DUFRGH GHV /DEHOV JHVFDQQW XQG VR GDV 3DFNVWFN UHJLVWULHUW ,QVJHVDPW GLHQHQ  .DPHUDWXQQHO ]XU (UIDVVXQJ GHU 836 6PDUW/DEHOVVRGDVVZlKUHQGGHV6RUWLHUSUR]HVVHVLQGHU=HQWUDOVWHXHUXQJ MHGHV 3DFNVWFN JHQDX ORNDOLVLHUW ZHUGHQ NDQQ 'LH .RRSHUDWLRQ PLW GHQ .XQGHQ VSLHOW KLHU HLQH ZLFKWLJH 5ROOH GDPLW P|JOLFKVW YLHOH 3DFNVWFNH LP :RUOGSRUW ]XU 9HUHLQIDFKXQJ GHV 6RUWLHUSUR]HVVHV PLW HLQHP

836

6PDUW /DEHO YHUVHKHQ VLQG %HGHXWVDPH .XQGHQ ZHUGHQ PLW /DEHO



836:RUOGSRUW/RXLVYLOOH



'UXFNHUQ YHUVRUJW NOHLQHUH .XQGHQ KDEHQ GLH 0|JOLFKNHLW /DEHOV DXI GHU 836 +RPHSDJH DXV]XGUXFNHQ +LHUEHL ZHUGHQ JOHLFK]HLWLJ GLH ,QIRUPDWL RQHQ EHU GLH 6HQGXQJ LQ GDV JOREDOH 1HW]ZHUN HLQJHVSHLVW XQG DQ GHQ :RUGSRUW ZHLWHUJHOHLWHW 0LW +LOIH GLHVHU 'DWHQ ZLUG ]ZHLPDO WlJOLFK HLQ ÄVRUWSODQ³ NRQVWUXLHUW GHU GHQ EHYRUVWHKHQGHQ 0DWHULDOIOXVV GHU $QODJH VLPXOLHUW 'LHVHU ÄVRUWSODQ³ VWHOOW GHQ 6FKOVVHO IU GLH (LQKDOWXQJ GHU ³1H[W'D\'HOLYHU\´±2SWLRQYRQ836GDUGHQQIUGLH6RUWLHUXQJEOHLEW QXU HLQ =HLWIHQVWHU YRQ VHFKV 6WXQGHQ  ±  8KU  $XIJUXQG GHU QLFKW QXU VDLVRQDOHQ VRQGHUQ VRJDU WlJOLFKHQ 6FKZDQNXQJ GHU $Q]DKO GHU 6HQGXQJHQ PXVV DXI GLH 6LPXODWLRQ ]XUFNJHJULIIHQ ZHUGHQ 6R VWHKW VFKRQYRUGHP(LQWUHIIHQGHV3DNHWHVLP +XEIHVWZHOFKHQ:HJHVGXUFK GLH $QODJH QHKPHQ ZLUG ,P VSlWHUHQ 9HUODXI HUIROJW HLQH :HLWHUOHLWXQJ GHUKLHUJHZRQQHQHQ'DWHQDQGDV836'DWD&HQWHULQ0DKZDK1HZ-HU VH\ IUGDV7UDFNLQJ 7UDFLQJ'HQQYRQGHQ0LR=XJULIIHQGLHWlJ OLFK GLH ,QWHUQHWDGUHVVH ZZZXSVFRP YHU]HLFKQHW HQWIDOOHQ DOOHLQH  0LRDXIGHQ7HLOEHUHLFK7UDFNLQJ 7UDFLQJ

$EE0DWHULDOIOXVVLP836:RUOGSRUW4XHOOH836 

'LH DOO DEHQGOLFK DQNRPPHQGHQ  ELV  )OXJ]HXJH ZHUGHQ DQ HLQHP GHU GUHL )OXJWHUPLQDOV PLW LQVJHVDPW  $QGRFN6WDWLRQHQ HQWODGHQ 1H EHQGLHVHQ7HUPLQDOVH[LVWLHUHQDXIGHU6WUD‰HQVHLWH /.:/DGHUDPSHQ ]XU %HODGXQJ XQG  /DGHUDPSHQ ]XU (QWODGXQJ 'LH 3DFNVWFNH GLH LQ 8/'&RQWDLQHUQ





 GHQ :RUOGSRUW HUUHLFKHQ ZHUGHQ DXI )|UGHUVWUHFNHQ

8/'8QLW/RDG 'HYLFHLVWHLQ/DGHKLOIVPLWWHOIU*UR‰UDXPIOXJ]HXJH



(LQVDW]EHLVSLHOH

DXIJHJHEHQ XQG JHODQJHQ DQVFKOLH‰HQG LQ GHQ 9RU6RUWLHUEHUHLFK 3UH VRUW  ,P 9RU6RUWLHUEHUHLFK VRUWLHUW HLQH 9HUWLNDOZHLFKH V $EE  GLH 6HQGXQJHQ MH QDFK %HVFKDIIHQKHLW LQ HLQHQ GHU GUHL +DXSW6RUWLHUEHUHLFKH $%&  V $EE  5HJXOlUH 3DNHWH ZHUGHQ LP %HUHLFK $ PLWWHOV 6FKLHEHVFKXKVRUWHUQV$EE LQGLH(QGVWHOOHQEHI|UGHUW

$EE9HUWLNDOZHLFKH LP 9RUVRUWLHUEHUHLFK4XHOOH836 

$EE 6FKLHEHVFKXKVRUWHULP%HUHLFK$4XHOOH836 

$OOHLQH  .LSSVFKDOHQVRUWHU PLW LQVJHVDPW  6FKDOHQ NRPPHQ LP ]ZHLWHQ %HUHLFK %  GHU IU NOHLQH XQG IODFKH 6HQGXQJHQ NRQ]LSLHUW LVW XQG LP 6RUWLHUEHUHLFK & V $EE  ]XP (LQVDW] ZHOFKHU DXVVFKOLH‰OLFK 3DFNVWFNHPLWhEHUOlQJHQXQGGHUJOHLFKHQVRUWLHUW )ROJHQGH 'XUFKODXI]HLWHQ ZXUGHQ HUPLWWHOW 3DNHWH EHQ|WLJHQ IU GHQ 6RUWLHUSUR]HVVFDDFKWELV0LQXWHQNOHLQH6HQGXQJHQHOIELV0LQX WHQXQG6HQGXQJHQPLWhEHUOlQJHXQJHIlKU]Z|OIELV0LQXWHQ



836:RUOGSRUW/RXLVYLOOH



8QJHIlKU]ZHL6WXQGHQYRUMHGHUGHUEHLGHQ$UEHLWVVFKLFKWHQHLQH7DJ VFKLFKW XQG HLQH 1DFKWVFKLFKW IU Ä1H[W 'D\ 'HOLYHU\³  6HQGXQJHQ PDFKW VLFK HLQH VHFKVN|SILJH *UXSSH YRQ 6HUYLFH7HFKQLNHUQ DQ GLH $U EHLW6FKOVVHONRPSRQHQWHQGHU$QODJHJHQDXDXIGHUHQ)XQNWLRQVWFKWLJ NHLWKLQ]XLQVSL]LHUHQ

$EE .LSSVFKDOHQVRUWHULP%HUHLFK&4XHOOH836 

+LHUEHL VWHKHQ ]XP HLQHQ GLH ,GHQWLILNDWLRQVHLQULFKWXQJHQ V $EE LP0LWWHOSXQNWGDGLH(UIDVVXQJGHU%DUFRGHVDXIGHQ6HQGXQJHQ3ULRULWlW KDW LP 0DWHULDOIOXVV =XP DQGHUHQ ZHUGHQ GLH DXWRPDWLVFKHQ :DDJHQ GHU  )OXJ]HXJ$QGRFNVWDWLRQHQ EHUSUIW 6LH KDEHQ GLH $XIJDEH GLH ]X YHUVWDXHQGHQ /XIWIUDFKWFRQWDLQHU ]X ZLHJHQ XQG DQVFKOLH‰HQG IU VLH HLQH DGlTXDWH 3RVLWLRQ LP /DGHUDXP GHV )OXJ]HXJV ]X EHUHFKQHQ 1XU VR NDQQ GLH )OXJVLFKHUKHLW GHU HLQ]HOQHQ %HVDW]XQJHQ EHVWHKHQG DXV MHZHLOV GUHL 3HUVRQHQ XQGGLH%DODQFHGHV)OXJ]HXJVJDUDQWLHUWZHUGHQ

$EE,GHQWLILNDWLRQVHLQULFKWXQJ4XHOOH836 



(LQVDW]EHLVSLHOH

+DW HLQH 6HQGXQJ GLH YRUJHJHEHQH (QGVWHOOH HUUHLFKW YHUVWDXW HLQ 0LWDU EHLWHU GLHVH LQ HLQHP 8/'&RQWDLQHU ZHOFKHU LP VSlWHUHQ 9HUODXI EHU GHQ PLW 5ROOHQ YHUVHKHQHQ +XEERGHQ ]XU HQWVSUHFKHQGHQ )OXJ]HXJ $QGRFNVWDWLRQ PDQXHOO JH]RJHQ XQG GDUDXIKLQ LP )OXJ]HXJ YHUVWDXWZLUG 6R NRPPW HV GD]X GDVV GHU JU|‰WH 7HLO GHU 6HQGXQJHQ DXVVFKOLH‰OLFK ]ZHLPDO PLW +lQGHQ HLQHV 0LWDUEHLWHUV LQ .RQWDNW NRPPW QlPOLFK LP :DUHQHLQXQGDXVJDQJ ,VW GHU OHW]WH &RQWDLQHU YHUVWDXW NHKUW QXU IU HLQH NXU]H =HLW 5XKH LP :RUGSRUW HLQ 6FKRQ LQ ZHQLJHQ 6WXQGHQ ZHUGHQ GLH 6HUYLFH7HFKQLNHU ZLHGHU LKUH $UEHLW DXIQHKPHQ XQG DXFK HLQ QHXHU ÄVRUWSODQ³ ZLUG NRQ]L SLHUW ZHUGHQ XP GDV IDVW NDXP UXKHQGH +XE DXI GLH QlFKVWH 6FKLFKW YRU ]XEHUHLWHQ

$EELOGXQJVYHU]HLFKQLV

$EE

0DQXHOOH %ULHIVRUWLHUXQJ D  6RUWLHUIlFKHU E  +DQGYHU ZXUI4XHOOH'HXWVFKH3RVW  

$EE

0DQXHOOH3DNHWVRUWLHUXQJ4XHOOH'HXWVFKH3RVW  

$EE

(QWZLFNOXQJGHU6RUWLHUOHLVWXQJ  

$EE

%HLVSLHOKDIWHU%HWULHEVDEODXIEHLHLQHP 3DNHWGLHQVW  

$EE

7\SLVFKHU 6RUWHU IU GHQ .(3%HUHLFK

%LOGTXHOOHQ

9DQGHUODQGH   $EE

$EOlXIHLQHLQHP/RJLVWLN]HQWUXP  

$EE

*HSlFNI|UGHUDQODJH DP )OXJKDIHQ )UDQNIXUW 4XHOOH )UDSRUW$*  

$EE

0DWHULDOIOXVV

LQ

HLQHP

%ULHIVRUWLHU]HQWUXP

QDFK

>6LH@   $EE

)HLQVRUWLHUPDVFKLQH4XHOOH6LHPHQV  

$EE (LQVDW] XQG $XVZDKONULWHULHQ IU 6RUWLHU XQG 9HUWHLO V\VWHPH   $EE $XIEDXHLQHV6RUWLHUV\VWHPV   $EE

$XIEDXHLQHU6RUWLHUDQODJH 

$EE

$EODXIEHLP 7HOHFRGLQJ%LOGTXHOOH9DQGHUODQGH  

$EE

=XVDPPHQIKUXQJ $XVULFKWXQJ XQG 9HUHLQ]HOXQJ YRQ *WHUQRKQH.UHLVODXI  

$EE

=XVDPPHQIKUXQJ $XVULFKWXQJ XQG 9HUHLQ]HOXQJ YRQ *WHUQ

PLW

.UHLVODXI

D 

/LQHDU

6LQJXODWRU

)ORZ

&RQWUROOHU QDFK >6DQD@ E  6PDOO 3DUFHO 6LQJXODWRU >6DQD@   $EE

3DUDOOHOZLQNHOHLQVFKOHXVXQJ  

$EE

3XVKHUHLQVFKOHXVXQJ  

$EE

'UHKYRUULFKWXQJ>+E@ 

$EE

$XWRPDWLVFKH,GHQWLIL]LHUXQJ4XHOOH9DQGHUODQGH  

$EE

$QRUGQXQJVYDULDQWHQ GHU (LQVFKOHXVXQJ D  OLQHDU E  YHUWLNDOF KRUL]RQWDO  

$EE hEHUJDEHI|UGHUHU D  5XQGULHPHQ E  )ODFKULHPHQ F  6FKUlJJXUW  



$EELOGXQJVYHU]HLFKQLV

$EE (LQVFKOHXVYHUIDKUHQ %LOGTXHOOH (LVHQPDQQ  D  PDQXHOO E WHLODXWRPDWLVLHUWF DXWRPDWLVLHUW  $EE 6\VWHPGXUFKVDW] LQ $EKlQJLJNHLW GHU (LQVFKOHXVXQJ D  (LQIDFKHLQVFKOHXVXQJE 'RSSHOHLQVFKOHXVXQJ   $EE /HLVWXQJVVWHLJHUXQJ GXUFK HLQHQ ]ZHLWHQ (LQVFKOHXVEH UHLFK D  /HLVWXQJVNHQQIHOG E  6LWXDWLRQ DQ GHQ (LQ VFKOHXVXQJHQ   $EE $QODJHQNRQ]HSWH ]XU 9HUGRSSOXQJ GHV 'XUFKVDW]HV D  GRSSHOWH $XVVFKOHXVXQJHQ E  $% 9RUVRUWLHUXQJ F %\SDVV6WUHFNHQ   $EE *UXQGHOHPHQWHHLQHV9HUWHLOI|UGHUHUV  $EE 6RUWHU PLW KRKHU (QGVWHOOHQGLFKWH %LOGTXHOOHQ REHQ 7*:XQWHQ9DQGHUODQGH   $EE 6RUWHU PLW JHULQJHU (QGVWHOOHQGLFKWH %LOTXHOOHQ OLQNV ,QWHUUROOUHFKWV6LHPHQV   $EE 3ULQ]LSLHOOHU$XIEDXHLQHU(QGVWHOOH   $EE $XVVFKOHXVXQJ EHLP D  .LSSVFKDOHQ E  4XHUJXUW XQG F )DOONODSSHQVRUWHU   $EE 6\VWHPDWLNGHU(QGVWHOOHQI|UGHUVWUHFNHQ   $EE 0|JOLFKNHLWHQGHU6DPPHOEHUHLFKVJHVWDOWXQJ  $EE *HNRSSHOWH (QGVWHOOHQ D  GRSSHOWH $XVVFKOHXVXQJ E 6RUWHUNRSSOXQJ   $EE %HZHJOLFKHU3DFNSODW]4XHOOH%(80(5   $EE %HLVSLHOH DXWRPDWLVFKHU (QGVWHOOHQHQWOHHUXQJ D  3DOHW WLHUHQE 8PVWDSHOQF /DJHQSDOHWWLHUHQ   $EE

6WUXNWXUYDULDQWHQ D  /LQLHQVWUXNWXU E  5LQJVWUXNWXU F  .UHLVVWUXNWXU  

$EE

/HLVWXQJVRULHQWLHUWH6\VWHPDWLN  

$EE

6\VWHPDWLNGHU9HUWHLOI|UGHUHU  

$EE

4XHUJXUWVRUWHU

PLW

KRUL]RQWDOHU

.HWWHQIKUXQJ

D 

3ULQ]LSELOG HLQVW|FNLJ E 5HDOLVLHUXQJVEHLVSLHO GRSSHO VW|FNLJ4XHOOH6LHPHQV   $EE

9DULDQWHQ

YHUWLNDO

XPODXIHQGHU

4XHUJXUWI|UGHUHU

D 

XQJHIKUW4XHOOH,QWHUUROO E JHIKUW4XHOOH).,   $EE

$QRUGQXQJVYDULDQWHQGHU4XHUJXUWHD REHUKDOE4XHOOH 9DQGHUODQGH E XQWHUKDOE>6DQE@  

$EE

0HKUIDFKDQRUGQXQJHQ GHU 4XHUJXUWI|UGHUHU D  EHUHLQ DQGHU 'RSSHOVWRFNVRUWHU  E  QHEHQHLQDQGHU 3DUDOOHO VRUWHU  

$EE

'RSSHOVWRFNVRUWHUPLW+XEHLQULFKWXQJ  

$EE

4XDG6RUWHU4XHOOH6LHPHQV  

$EELOGXQJVYHU]HLFKQLV

$EE 7HFKQLN

GHV

4XDG6RUWHUV

D 

6FKQLWWELOG



4XHOOH

6LHPHQV>&DU@ E P|JOLFKH*XWDQRUGQXQJHQ  $EE 5LQJVRUWHU4XHOOHSVE D 3ULQ]LSELOGE (LQVFKOHXVXQJ  $EE $QJHSDVVWH(QGVWHOOHQ4XHOOHSVE   $EE 7UDJVFKXKVRUWHU D  3ULQ]LSELOG E  (LQVDW]EHLVSLHO >9', (@   $EE .DPPVRUWHUD 3ULQ]LSVNL]]HE YHUVFKOLH‰EDUH(QGVWHOOH 4XHOOH%(80(5   $EE .DPPVRUWHU D  6FKDOH XQG (QGVWHOOH E  EHLGVHLWLJH 6FKDOHQDQRUGQXQJ4XHOOH%(80(5   $EE %UXVKVRUWHU

D 

3ULQ]LSELOG

E 

5HDOLVLHUXQJVEHLVSLHO

4XHOOH6LJPD   $EE 0HFKDQLN

GHV

%UXVK)OJHOV

4XHOOH

6LJPD 

D 

/LQHDUIKUXQJE :HLFKH   $EE /D\RXWGHV%UXVKVRUWHUVEHL.RSS4XHOOH,:/   $EE )DOONODSSHQVRUWHU D  3ULQ]LSELOG E  5HDOLVLHUXQJVEHLVSLHO 4XHOOH'UNRSS   $EE )DOONODSSHQHOHPHQW 4XHOOH 'UNRSS D  JHVFKORVVHQ E .ODSSHQHQWULHJHOXQJF IUHLHU)DOOLQGLH(QGVWHOOH  $EE 7DVFKHQVRUWHU

4XHOOH

6LHPHQV 

D 

)LQJHUEDQG

E 

&DUULHUF $EZXUI   $EE 7DVFKHQVRUWHU4XHOOH*%,>*%,@   $EE .LSSVFKDOHQVRUWHU D  3ULQ]LSELOGE  HLQ]HOQHU )DKUZDJHQ PLW.LSSPHFKDQLVPXV4XHOOH%(80(5   $EE 9DULDQWHQ

GHV

.LSSVFKDOHQVRUWHUV

4XHOOH

)., 

D

(LQIDFKVFKDOHE 'RSSHOVFKDOH   $EE 6FKZHQNNODSSHQVRUWHU GHU )LUPD 0DW)OH[ LP

'3'

'HSRW  LQ 5DXQKHLP D  $EZXUIKDOOH E  $EZXUI F  6FKZHQNNODSSHQ  $EE 6FKZHQNNODSSHQVRUWHU

D 

6FKZHQNPHFKDQLVPXV

E 

(QWULHJHOXQJF 9HUULHJHOXQJ   $EE 'UHKVRUWHUD 6NL]]HE 3URWRW\S   $EE (LQVFKOHXVXQJ D  ''DUVWHOOXQJ GHU (LQVFKOHXVSKDVH E 6FKZHQNNODSSHLQZDDJHUHFKWHU(LQVFKOHXVSRVLWLRQ   $EE 5HDOLVLHUXQJHQ YRQ +RUL]RQWDOZHLFKHQ D  .DQDOVRUWHU E  5ROOHQGUHKZHLFKH4XHOOH6LJPD   $EE $XVIKUXQJVIRUPHQ

YRQ

9HUWLNDOZHLFKHQ

4XHOOH

9DQGHUODQGH D =ZHLZHJHZHLFKHE 'UHLZHJHZHLFKH   $EE 6FKDOWVWHOOXQJHQ GHU :HLFKHQ D  HLQ )|UGHUVWURP

DXI

]ZHL/LQLHQE ]ZHL)|UGHUVWU|PHDXI]ZHL/LQLHQF HLQ )|UGHUVWURP DXIGUHL/LQLHQ  



$EELOGXQJVYHU]HLFKQLV

$EE 7UDQVIHUVD *XUWWUDQVIHUE .HWWHQWUDQVIHUPLW 0LWQHKPHUNHWWH4XHOOH7*:   $EE /LQHDU%HOW6RUWHU4XHOOH).,   $EE $XVSUlJXQJHQ GHV 5ROOHQWUDQVIHUV D  5ROOHQKXEWLVFK E )ULNWLRQVUROOHF 5ROOHQWHSSLFKG 5ROOHQOHLVWH  $EE 5ROOHQKXEWLVFK4XHOOH9DQGHUODQGH   $EE )ULNWLRQVUROOH4XHOOH9DQGHUODQGH   $EE 5ROOHQWHSSLFK>7UD@  $EE 6FKZHQNUROOHQVRUWHU4XHOOH9DQGHUODQGH   $EE 3ULQ]LSGDUVWHOOXQJGHV6FKZHQNUROOHQVRUWHUV  $EE %HZHJXQJVDUWHQ

IU

6FKLHEHU

D 

3XVKHU

E )OLSSHU

F 6FKZLQJDUPG 'UHKDUP  $EE 3XVKHUD 4XHOOH6LHPHQV E 4XHOOH9DQGHUODQGH   $EE )OLSSHU

D 

4XHOOH

6LHPHQV 

E 

4XHOOH

6DQGYLN

>6DQ@   $EE 'UHKDUPVRUWHU D  6NL]]H E  %HZHJXQJVSKDVHQ 4XHOOH /LSSHUW F (LQVDW]EHLVSLHO4XHOOH/LSSHUW   $EE 'UHKDUP4XHOOH6LJPD   $EE .RQVWUXNWLYHU$XIEDXGHV'UHKDUPV4XHOOH/LSSHUW   $EE %DQGDEZHLVHU  $EE 6FKLHEHVFKXKVRUWHU D  6NL]]H E  5HDOLVLHUXQJVEHLVSLHO 4XHOOH7*:   $EE )XQNWLRQVHOHPHQWH

GHV

6FKLHEHVFKXKVRUWHUV

D

6FKLHEHVFKXK 4XHOOH 7*:  E  8QWHUVHLWH 3ODWWHQEDQG F HOHNWURPDJQHWLVFKH:HLFKH4XHOOH6LHPHQV   $EE )KUXQJ GHU 6FKLHEHVFKXKH D  8POHQNXQJ PLW )KUXQJ E  SQHXPDWLVFKH :HLFKH F  6FKLHQHQIKUXQJ ]XU (QG VWHOOH  $EE :DUHQEHJOHLWVRUWHU

4XHOOH

+LOOHQ 

D 

6NL]]H

E

5HDOLVLHUXQJVEHLVSLHO  $EE 3XVKHUWHFKQLN

4XHOOH

+LOOHQ 

D 

8POHQNXQJ

E

$EVFKLHEHYRUJDQJ   $EE .HWWHQI|UGHUHUPLW.LSSSODWWHQ  $EE 9HUWHLOXQJGHUDP0DUNWDQJHERWHQHQ6RUWHU  $EE

.HWWHQEDXDUWHQD 5ROOHQNHWWHE 5ROOHQI|UGHUNHWWH 

$EE

*XPPLEORFNNHWWH>1HU@ 

$EE

(LQVDW] YRQ .HWWHQ LQ 9HUWHLOI|UGHUHUQ D  *XPPLEORFN NHWWH   LP 4XHUJXUWVRUWHU >'UR 6@ E  5ROOHQ NHWWHLP6FKLHEHVFKXKVRUWHU  

$EE

.UHX]JHOHQNNHWWH 

$EELOGXQJVYHU]HLFKQLV

$EE



9HUHLQIDFKWH 'DUVWHOOXQJ HLQHU W\SLVFKHQ 6RUWHUNHWWH QDFK>:LO6@  

$EE

6FKUlJODXI VWDUU DQJHRUGQHWHU +RUL]RQWDONXUYHQ QDFK >:LO6@  

$EE

)KUXQJ GHU )DKUZDJHQ D  83URILO)KUXQJ %HLVSLHO %(80(5 E 5XQGSURILO)KUXQJ%HLVSLHO,QWHUUROO  

$EE

.HWWHQUDGDQWULHE

IU

HLQH

*XPPLEORFNNHWWH

>'UR

6@   $EE

6FKOHSSNHWWHQDQWULHEQDFK>:LO6@  

$EE 6FKOHSSNHWWHQDQWULHEH IU HLQHQ 4XHUJXUWVRUWHU 4XHOOH ,QWHUUROO   $EE 6FKQHFNHQZHOOHQDQWULHEQDFK>:LO6@   $EE 5HLEUDGDQWULHEQDFK>:LO6@   $EE :LUNXQJVZHLVH HLQHV OLQHDUHQ 'UHKVWURP$V\QFKURQ PRWRUV   $EE %DXIRUPHQYRQ/LQHDUPRWRUHQ   $EE ,QWHJUDWLRQGHV/LQHDUPRWRUVLQGDV)|UGHUPLWWHO   $EE 'RSSHOVWDWRU

/LQHDUPRWRUHQ

D 

HLQJHEDXW

RKQH

5H

DNWLRQVVFKLHQH 4XHOOH 9DQGHUODQGH >.DV@  E  DXVJH EDXWPLW5HDNWLRQVVFKLHQH>6(:@  $EE 6FKZHQNNODSSHQVRUWHUPLW6HLWHQZDQJHQNLSSHOHPHQW   $EE .ODSSHQ.LSSHOHPHQWQDFK>'UR@   $EE *HIKUWH

]ZHLGLPHQVLRQDOH

6FKDOHQEHZHJXQJ

PLW

=\OLQGHU.LSSHOHPHQWQDFK>'UR@   $EE =ZHLGLPHQVLRQDOH

6FKDOHQEHZHJXQJ

PLW

EHZHJWHU

.LSSDFKVHGXUFK'RSSHOVFKLHEHUJHWULHEHQDFK>'UR@   $EE =ZHLGLPHQVLRQDOH

.LSSEHZHJXQJ

XP

HLQH

VHLWOLFKH

.LSSDFKVH D  5HDOLVLHUXQJVEHLVSLHO 4XHOOH 6LHPHQV  E  )XQNWLRQVVNL]]H   $EE '.LSSHOHPHQWH

D 

.LSSPHFKDQLVPXV

E 

$XVVFKOHXVEHZHJXQJ4XHOOH%(80(5   $EE 5lXPOLFKH6FKDOHQEHZHJXQJPLWIHVWHUJHQHLJWHU.LSS DFKVH>'UR@   $EE 5lXPOLFKH 6FKDOHQEHZHJXQJ PLW YHUlQGHUQGHU .LSS DFKVHQDFK>'UR@   $EE '\QDPLVFKH(IIHNWHEHLP.LSSHQ   $EE .LSSDQWULHE GXUFK :HLFKHQ D  :HLFKH PLW HLQJHVSXUWHU )KUXQJVUROOHE :HLFKHQIRUPHQ>'UR@  $EE .LQHPDWLN

HLQHV

HOHNWULVFKHQ

.LSSDQWULHEV

4XHOOH

%(80(5  



$EELOGXQJVYHU]HLFKQLV

$EE 6FKQLWWGDUVWHOOXQJ HLQHV HOHNWULVFKHQ .LSSDQWULHEV D  .XOLVVHQIKUXQJ

4XHOOH

%(80(5 



E 

=DKQ

VWDQJHQIKUXQJ4XHOOH6LHPHQV>&DU@   $EE 8QWHUVFKLHGOLFKH.LSSVFKDOHQ   $EE 5XWVFKHQ LQ GHU (QGVWHOOH D  JHUDGH 5XWVFKH 4XHOOH 'UNRSS E :HQGHOUXWVFKH4XHOOH%(80(5   $EE 1LFKW DQJHWULHEHQH )|UGHUHU D  5ROOHQEDKQ 4XHOOH %(80(5  XQG E  5|OOFKHQEDKQHQ NXUYH  4XHOOH 9DQGHUODQGH   $EE .UlIWHDQGHU$QWULHEVWURPPHOHLQHV*XUWI|UGHUHUV  $EE %HKlOWQLVVHDOV(OHPHQWHHLQHU(QGVWHOOHD *UR‰EHKlOWHU 4XHOOH/LSSHUW E .OHLQEHKlOWHU4XHOOH%(80(5 F  6DFN4XHOOH%(80(5   $EE hEHUHLQDQGHU OLHJHQGH (QGVWHOOHQEHUHLFKH D  6NL]]H E  5HDOLVLHUXQJVEHLVSLHO4XHOOH9DQGHUODQGH   $EE (UK|KXQJ

GHU

=LHOVWHOOHQ]DKO

GXUFK

7UHQQNODSSHQ

%LOGTXHOOH%(80(5   $EE 0DJD]LQH IU &'V D  'UHKPDJD]LQ 4XHOOH ).,  E  )HVWPDJD]LQ4XHOOH*%,   $EE *XUWDQWULHE

GXUFK

5HLEUDG

D 

9RUGHUDQVLFKW

E 

6HLWHQDQVLFKW4XHOOH,QWHUUROO>'UR@   $EE (OHNWULVFKHU*XUWDQWULHE4XHOOH%(80(5   $EE 6FKOHLIOHLWXQJVV\VWHP>9DK@   $EE )XQNWLRQVSULQ]LS

GHU

EHUKUXQJVORVHQ

(QHUJLHEHU

WUDJXQJ D  KHUN|PPOLFKHU 7UDQVIRUPDWRU E  EHUKUXQJV ORVH(QHUJLHEHUWUDJXQJ4XHOOH9DKOH   $EE $XVIKUXQJHQ GHU (QHUJLHEHUWUDJXQJ D  %RGHQNRQWDNW E 86FKLHQH  $EE %DUFRGH PLW %DUFRGHK|KH+5XKH]RQHQ5XQG0RGXO EUHLWH[  $EE hEOLFKH 0RGXOEUHLWHQ [ &RGHV\PERO ($1   D  PPE PPF PP   $EE &RGHK|KHQ>/HQ@   $EE )XQNWLRQVELOGHLQHV/DVHUVFDQQHUV   $EE %H]HLFKQXQJHQEHLP/HVHIHOGHLQHV/LQLHQVFDQQHUV   $EE ([HPSODULVFKH /HVHEHUHLFKH 'DWDORJLF ';; D 0RGXOEUHLWH[

E 0RGXOEUHLWH[

>'DW@  

$EE 3ULQ]LSLHOOHU$XIEDXHLQHV6HQVRU6FDQQHU6\VWHPV   $EE &&'.DPHUDHLQVDW] EHL GHU LWDOLHQLVFKHQ 3RVW 4XHOOH 'DWDORJLF   $EE

.RQVWDQWHU*XWDEVWDQG  

$EELOGXQJVYHU]HLFKQLV



$EE

.RQVWDQWHU*XW]ZLVFKHQUDXP  

$EE

)HVWH7HLOXQJGHV)|UGHUPLWWHOV  

$EE

)HVWH7HLOXQJGHV)|UGHUPLWWHOVPLW0LQGHVWDEVWDQG 

$EE

0RGHOOGHU5ROOUHLEXQJ  

$EE

8POHQNNUDIW  

$EE

.HWWHQ]XJNUDIWYHUWHLOXQJ  

$EE

9HUKlOWQLVVHEHL6WHLJXQJVVWUHFNHQ  

$EE

%HVFKOHXQLJXQJ  

$EE .UlIWHDQGHUJHUDGHQ5XWVFKH   $EE

6WUXNWXUHQ YRQ 6WHXHUXQJVV\VWHPHQ D  ]HQWUDOHV 6WHXHU XQJVV\VWHP E GH]HQWUDOHV 6WHXHUXQJVV\VWHP F  0LVFK IRUP  

$EE

6WHXHUXQJVVWUXNWXU XQG DOWHUQDWLYH +DUGZDUHNRQILJXUD WLRQHQLP(EHQHQPRGHOOQDFK9'0$  

$EE

+DUGZDUHNRQILJXUDWLRQ HLQHV 0DWHULDOIOXVVV\VWHPV QDFK 9'0$ 

$EE

/RJLVFKH

6WHXHUXQJVEHUHLFKH

IU

HLQ

6RUWLHUV\VWHP

>5DG6@  $EE

(QGVWHOOHQEHOHJXQJ  

$EE

$XIWUDJVIUHLJDEHSXQNWH  

$EE

6LWXDWLRQLQGHU(LQVFKOHXVXQJ  

$EE

0DWHULDOIOXVV LP :DUHQYHUWHLO]HQWUXP GHU 2WWR *UXSSH LQ+DOGHQVOHEHQ  

$EE

9LHUIDFK EHUHLQDQGHU OLHJHQGH (QGVWHOOHQ 6RUWHU  XQG  

$EE

Ä7WHQVRUWHU³ 6RUWHU   ]XP UHODWLRQVZHLVHQ 6DPPHOQ GHU9HUVDQGWWHQ  

$EE

:DUHQDXVJDQJVVRUWHU6RUWHUXQG  

$EE

:DUHQDXVJDQJ  

$EE

0DWHULDOIOXVVLP836:RUOGSRUW4XHOOH836  

$EE

9HUWLNDOZHLFKHLP 9RUVRUWLHUEHUHLFK4XHOOH836  

$EE

6FKLHEHVFKXKVRUWHULP%HUHLFK$4XHOOH836  

$EE

.LSSVFKDOHQVRUWHULP %HUHLFK&4XHOOH836  

$EE ,GHQWLILNDWLRQVHLQULFKWXQJ4XHOOH836  

4XHOOHQYHU]HLFKQLV

)ROJHQGH )LUPHQ KDEHQ IUHXQGOLFKHUZHLVH %LOG XQG ,QIRUPDWLRQVPDWHULDO ]XU9HUIJXQJJHVWHOOW

%(80(5

%HXPHU0DVFKLQHQIDEULN*PE+ &R.*%HFNXP

&6,

&6L*PE++DPPLQNHOQ

'DLIXNX

(6.$$PH@ $PHQW .ODXV   /LSSHUW LQVWDOOLHUW VSH]LHOOH 6RUWLHUV\VWHPH EHL +HUPHV 9HUVDQG 6HUYLFH KWWSZZZP\ORJLVWLFVQHWGHQHZV! $EUXIGDWXP >$UQ@ $UQROG 'LHWHU   6RUWHU 1W]OLFKH 0DVFKLQHQ PLW GLYHUVHQ 3UREOHPHQ ,Q 9',)0/ +UVJ  9',%HULFKWH  1U 6RUWHU LP ORJLVWLVFKHQ 3UR]HVV >7DJXQJ .DUOVUXKH  -XQL @ 9',9HUODJ 'VVHOGRUI6 >$UQ@$UQROG'LHWHU :DVEUDXFKWGHU.(30DUNW"6RUWLHUWHFK QLN,Q/2*,67,.+(87(6 >$UQ@ $UQROG 'LHWHU   0DWHULDOIOX‰OHKUH 9LHZHJ  6RKQ 9HU ODJVJHVHOVFKDIWPE+%UDXQVFKZHLJ:LHVEDGHQ >$[P@ $[PDQQ 1RUEHUW    +DQGEXFK 0DWHULDOIOXVVWHFKQLN  6WFNJXWI|UGHUHU([SHUW9HUODJ(KQLQJHQEHL%|EOLQJHQ >$[P@ $[PDQQ +UVJ    4XHUJXUWVRUWHU  6RUWLHUHQ PLW LQQRYDWL YHU .RQ]HSWLRQ  VFKQHOO XQG VLFKHU ,Q )LUPHQVFKULIW  )LUPD $[PDQQ >%D%@%DXPJDUWHQ+HOPXW%XW]&KULVWLDQ0 /RJLVWLN3URILV KDEHQ=XNXQIW,Q/2*,67,.+HXWH1U6  >%DF@ %DFNPHUKRII :   (UIDKUXQJHQ DXV ]ZHL -DKUHQ 3URGXNWL RQVEHWULHE LP 9HUVDQG]HQWUXP 4XHOOH /HLS]LJ ,Q 9',)0/ +UVJ  9',%HULFKWH  1U  'HQ :DQGHO )RUGHUQ XQG )|UGHUQ > 'HXW VFKHU 0DWHULDOIOXVV.RQJUHVV 7DJXQJ /HLS]LJ  -XQL @ 9',9HUODJ'VVHOGRUI6 >%DO@%DOWHUV'HWOHI 8QWHUVXFKXQJHQ]XP)DKUYHUKDOWHQSRO\X UHWKDQEHUHLIWHU (LQVFKLHQHQHOHNWURKlQJHEDKQHQ ,Q 'LVVHUWDWLRQ 8QL YHUVLWlW'RUWPXQG)DNXOWlW0DVFKLQHQEDX'RUWPXQG



/LWHUDWXUYHU]HLFKQLV

>%lU@%lU *HUKDUG ,GHQWLILNDWLRQPLWWHOV PRGHUQHU=HLOHQNDPH UDWHFKQLN

EHLP

6RUWLHUHQ

,Q

9',)0/

+UVJ 

9',%HULFKWH

1U 6RUWHU LP ORJLVWLVFKHQ 3UR]HVV >7DJXQJ .DUOVUXKH  6HS WHPEHU@9',9HUODJ'VVHOGRUI6 >%H%@ %HXPHU&KULVWRSK%HXPHU3HWHU %HOHJORVH.RPPLVVL RQLHUXQJ6LPXODWLRQXQG5HDOLWlW,Q)+)|UGHUQXQG+HEHQ1U 6 >%H/@ %HXPHU &KULVWRSK /XWWHUEHFN :HUQHU    6RUWHU DOV ORJLV WLVFKH 3UREOHPO|VHU ,Q )+ )|UGHUQ XQG +HEHQ 1U   6 >%HX@ %HXPHU &KULVWRSK    6LQG 6RUWHU VFKRQ WHFKQLVFK DXVJH UHL]W",Q+HEH]HXJHXQG)|UGHUPLWWHO1U 6 >%HX@%HXPHU&KULVWRSK 1HXHQWZLFNOXQJLQGHU/RJLVWLNGXUFK EHUKUXQJVORVH (QHUJLHEHUWUDJXQJ ,Q /RJLVWLN IU 8QWHUQHKPHQ 6 >%HX@

%HXPHU

&KULVWRSK

 

&RPSXWHUXQWHUVWW]WH

0DWHUL

DOIOX‰SODQXQJ IU :DUHQYHUWHLOV\VWHPH ,Q 9',)0/ 9',%HULFKWH 1U9',9HUODJ'VVHOGRUI >%HXD@ %HXPHU &KULVWRSK    *HSlFNI|UGHUDQODJHQ LQ )OXJKlIHQ EHU  0LR 3DVVDJLHUDXINRPPHQ ,Q 9', )0/ 9',%HULFKWH  1U  *HSlFNEHI|UGHUXQJ  &DWHULQJ  )UDFKW >7DJXQJ (LQGKRYHQ 6HSWHPEHU@ 9',9HUODJ'VVHOGRUI6 >%HXE@ %HXPHU &KULVWRSK    $QODJHQWHVW EHVWDQGHQ  +RFKOHLV WXQJVNRPPLVVLRQLHUXQJ LP 7LHINKOEHUHLFK ,Q +HEH]HXJH XQG )|U GHUPLWWHO1U6 >%HX@ %HXPHU &KULVWRSK   0DNLQJ (QHUJ\ IO\  4XDQWHQVSUQJH LP *HSlFNWUDQVSRUW ,Q 9',)0/ 9',%HULFKWH 1U  > -DKUHV WDJXQJ $LUSRUW /RJLVWLFV LQ 0QFKHQ  'H]HPEHU @

9',

9HUODJ'VVHOGRUI6 >%HXD@ %HXPHU &KULVWRSK    %HUKUXQJVORV JHKW V DXFK ,Q )+ )|UGHUQXQG+HEHQ1U6 >%HXE@ %HXPHU &KULVWRSK   0DNLQJ (QHUJ\ IO\  4XDQWHQVSUQ JH LP 0DWHULDOIOXVV ,Q 9', )0/ 9',%HULFKWH 1U /RJLQ 9RP .RVWHQGUXFN ]XU ,QQRYDWLRQVG\QDPLN >7DJXQJ 0QFKHQ 0DL@9',9HUODJ'VVHOGRUI6 >%+:@ %HXPHU &KULVWRSK +DJHU 0DQIUHG :LHQGDKO +DQV3HWHU   6LPXODWLRQ IU 6RUWHU  &RPSXWHUJHVWW]WH 0DWHULDOIOXVVSOD QXQJ IU :DUHQYHUWHLOV\VWHPH ,Q 0DWHULDOIOX‰  -DKUJDQJ $SULO 6 >%|FD@ %|FNHU 7KRUVWHQ    $XVZDKO XQG (LQVDW]P|JOLFKNHLWHQ YRQ DXWRPDWLVFKHQ 6RUWLHU XQG 9HUWHLODQODJHQ ,Q )|UGHUWHFKQLN  -DKUJDQJ6

/LWHUDWXUYHU]HLFKQLV



>%|FE@ %|FNHU 7KRUVWHQ    *XW VRUWLHUW ,Q )|UGHUWHFKQLN   -DKUJDQJ-XQL6 >%|F@ %|FNHU 7KRUVWHQ    6RUWHUHLQVDW]P|JOLFKNHLW XQG 6RUWLHU WHFKQLNHQ$XVZDKOXQG$XVOHJXQJYRQ6RUWHUV\VWHPHQ,Q)UDXQKR IHU ,0/ +UVJ  6WHLJHUXQJ GHU :HWWEHZHUEVIlKLJNHLW GXUFK 6RU WHUHLQVDW]

9RUWUDJVXQWHUODJHQ



6RUWHUWDJXQJ

'RUWPXQG



1RYHPEHU >%|F@%|FNHU7KRUVWHQ $XVOHJXQJYRQ5XWVFKHQDQ6RUWHUHQG VWHOOHQ XQWHU EHVRQGHUHU %HUFNVLFKWLJXQJ GHU *OHLWUHLEXQJVEHGLQJXQ JHQ YRQ 6WFNJWHUQ ,Q -QHPDQQ +UVJ  5HLKH /RJLVWLN IU GLH 3UD[LV'LVVHUWDWLRQ9HUODJ3UD[LVZLVVHQ'RUWPXQG >%RF@ %RFN 0   )|UGHUWHFKQLN LP (LQVDW] EHL GHU 'HXWVFKHQ 3RVW $*  3UD[LVEHLVSLHOH DXV GHQ +LJK7HFK%ULHI]HQWUHQ ,Q 9', )0/9',%HULFKWH1U'HQ:DQGHO)RUGHUQXQG)|UGHUQ>7D JXQJ /HLS]LJ  -XQL   'HXWVFKHU 0DWHULDOIOXVV.RQJUHVV@ 9',9HUODJ'VVHOGRUI6 >%RK@ %RKQKRII $UPLQ   6RUWHU LP ORJLVWLVFKHQ 3UR]HVV'HU 6RUWLHUSUR]HVV LP %HUHLFK YRQ 'LHQVWOHLVWHUQ ,Q 9',)0/ +UVJ  9',%HULFKWH1U6RUWHULP ORJLVWLVFKHQ3UR]HVV>7DJXQJ.DUOV UXKH-XQL@9',9HUODJ'VVHOGRUI >%RK@%RKQKRII$UPLQ 1HXH$QIRUGHUXQJHQDQ6RUWLHUV\VWHPH ,Q9',)0/9',%HULFKWH1U6RUWHULP/RJLVWLVFKHQ3UR]HVV >.DUOVUXKH  6HSWHPEHU @ 9',9HUODJ 'VVHOGRUI  6  >%RO@ %ROOLHU :LOO\    =XNXQIWVRULHQWLHUWH 6RUWLHUV\VWHPH ,Q )+)|UGHUQXQG+HEHQ1U6 >%46@%R]HU%UH@ %UHQGOLQ .    3ODQXQJ 7HUPLQDO  GHV )OXJKDIHQV 0Q FKHQ ,Q 9', )0/ 9',%HULFKWH 1U  *HSlFNI|UGHUXQJ LP 8PEUXFK > -DKUHVWDJXQJ $LUSRUW /RJLVWLFV LQ 0QFKHQ@ 9', 9HU ODJ'VVHOGRUI'H]HPEHU6 >%UR@ %URQQHU $   (LQVDW]JHELHWH GHU :HUWDQDO\VH  :R NDQQ XQG ZR VROO :HUWDQDO\VH HLQJHVHW]W ZHUGHQ ,Q 9HUHLQ 'HXWVFKHU ,Q JHQLHXUH+UVJ 9',%HULFKWH1U6 >%UR@ %URZQ *RUGRQ 5 6    6RUWHU 7HFKQRORJ\ ZLWK 0D[LPXP $YDLODELOLW\LQD0HGLXPVL]HG%XVLQHVV,Q9',)0/9',%HULFKWH 1U/RJLQ9RP .RVWHQGUXFN]XU,QQRYDWLRQVG\QDPLN>7D JXQJ 0QFKHQ @ 9', 9HUODJ 'VVHOGRUI 0DL  6  



/LWHUDWXUYHU]HLFKQLV

>%XF@ %XFKDUG+DQV-UJHQ %XQGHVSRVWOlVVW)UDFKW]HQWUHQ YRP*HQHUDOXQWHUQHKPHUHUULFKWHQ,Q/2*,67,.LP8QWHUQHKPHQ 1U6 >%XQ@

%XQGHVUHJLHUXQJ +UVJ    6HFKVWH $OOJHPHLQH 9HUZDO

WXQJVYRUVFKULIW ]XP %XQGHV,PPLVVLRQVVFKXW]JHVHW] 7HFKQLVFKH $Q OHLWXQJ]XP6FKXW]JHJHQ/lUP7$/lUP  >&DU@ &DUUDUR 0DXUL]LR   0+3 6RUWLQJ 6\VWHP  3URGXFWV 2YHU YLHZ ,Q 9RUWUDJ GHU )LUPD 6LHPHQV  /RJLVWLFV DQG $VVHPEO\ 6\V WHPV-XQL >&K6@ &KRH ., 6KDUS *3   3HUIRUPDQFH HVWLPDWLRQ RI DQ DXWRPDWHG VRUWLQJ V\VWHP ,Q 3URFHHGLQJV RI WKH WK ,QWHUQDWLRQDO &RQIHUHQFHRQ$XWRPDWLRQLQ:DUHKRXVLQJ6 >'DW@ 'DWDORJLF *PE+ +UVJ   ';  2PQLGLUHNWLRQDOHU /D VHU

6FDQQHU



3URGXNWEHVFKUHLEXQJ

,Q

)LUPHQVFKULIW

'DWDORJLF

*PE+ >'HJ@ 'HJHQKDUG :ROIJDQJ    ,P =HLFKHQ GHV ,QWHUQHWV ,Q GKI -DKUJDQJ1U6 >'LH@ 'LHNPDQQ 8   .XQGHQVSH]LILVFKH 5HWRXUHQEHDUEHLWXQJ PLW 6RUWHU XQG DXWRPDWLVFKHU $UWLNHOHUNHQQXQJ ,Q 9', )0/ 9', %HULFKWH1U'HQ:DQGHO)RUGHUQXQG)|UGHUQ>7DJXQJ/HLS]LJ  -XQL   'HXWVFKHU 0DWHULDOIOXVV.RQJUHVV@ 9', 9HUODJ 'VVHOGRUI6 >'RO@'ROO+. 6\VWHPWHFKQLNDQZHQGHUJHUHFKWLQGLH3UD[LV XPJHVHW]W ,Q 9', )0/ 9',%HULFKWH  1U  'HXWVFKHU 0DWH ULDOIOXVVNRQJUHVV>7DJXQJ.DUOVUXKH@-XQL6 >'RO@ 'ROO + .    %HLVSLHOH PRGHUQHU 6RUWLHU XQG 9HUWHLOHU WHFKQRORJLH,QGKI-DKUJDQJ6 >'UR@ 'URVWH +   :LUWVFKDIWOLFKHU 4XHUJXUW6RUWHU PLW UREXVWHU 7HFKQLN  .RPSOH[H 6RUWLHUYRUJlQJH  HLQIDFKH 0HFKDQLN ,Q 9', )0/ 9',%HULFKWH 1U   'HXWVFKH 0DWHULDOIOXVV.RQJUHVV >0QFKHQ$SULO@9',9HUODJ'VVHOGRUI6 >'UR@ 'URVWH +HLQULFK   8QWHUVXFKXQJHQ DQ .LSSHOHPHQWHQ YRQ 6WFNJXWVRUWLHUDQODJHQ'LVVHUWDWLRQ8QLYHUVLWlW+DQQRYHU >'UR@ 'URVWH +HLQULFK    =XYHUOlVVLJNHLW PLW 0HFKDQLN.RQ]HSW ,Q+HEH]HXJHXQG)|UGHUPLWWHO1U6 >'XE@ %HLW]:.WWQHU.++UVJ  'XEEHO7DVFKHQEXFK IUGHQ0$VFKLQHQEDX,Q$XIODJH6SULQJHU9HUODJ%HUOLQHWDO  >'XO@ 'XOOLQJHU .DUO+HLQ]    /RJLVWLN /HLWIDGHQ IU GLH 3UD[LV ,Q9DQGHUODQGH,QGXVWULHV+UVJ 0|QFKHQJODGEDFK0DL

/LWHUDWXUYHU]HLFKQLV



>'U@ 'UNRSS )|UGHUWHFKQLN +UVJ    6WDSHOVRUWHU  6RUW,W 6WFNJXWVRUWLHUV\VWHPH ,Q )LUPHQVFKULIW 'UNRSS )|UGHUWHFKQLN  >(K)@ (KUKDUGW +HOJH )HUULHU $OH[DQGHU    0HJD+XE JHKW DQV 1HW] ,Q /2*,67,. IU 8QWHUQHKPHQ  -DKUJDQJ 1U  6  >).,@ )., /RJLVWH[ +UVJ    &ULVSODQW 6RUWLHUV\VWHPH ,Q )LU PHQVFKULIW).,/RJLVWH[ >)|O@ )|OOHU -|UJ   $QDO\VH HLQHU QHXDUWLJHQ 0DWHULDO]XIKUXQJ IU :DUHQVRUWLHU XQG 9HUWHLOV\VWHPH ,Q :LVVHQVFKDIWOLFKH %HULFKWH GHV,)/%DQG'LVVHUWDWLRQ8QLYHUVLWlW.DUOVUXKH)DNXOWlWIU0D VFKLQHQEDX >*D0@ *DOOLHQ .DUO(GJDU 0XQN (FNHKDUW    3DNHWVRUWLHUPD VFKLQH ,3)  ,Q 0LWWHLOXQJHQ DXV GHP ,3)  -DKUJDQJ 1U 6 >*%,@ *%, +UVJ    (QWHUWDLQPHQW 6RUWHU ,Q )LUPHQVFKULIW 'D WD 6RUWLQJ6\VWHPV*%,'HHUIHOG%HDFK86$  >*09@ *DOOLHQ .DUO(GJDU 0XQN (FNHKDUW 9R‰ )UDQN    3D NHWVRUWLHUPDVFKLQH ,3)  ,Q 0LWWHLOXQJHQ 37  1U  6  >*UR@ *UR‰HVFKDOODX :HUQHU   0DWHULDOIOX‰UHFKQXQJ  0RGHOOH XQG 9HUIDKUHQ ]XU $QDO\VH XQG %HUHFKQXQJ YRQ 0DWHULDOIOX‰V\VWH PHQ,Q6SULQJHU9HUODJ%HUOLQ+HLGHOEHUJ1HZ*XGD@ *XGHKXV 7LPP    /RJLVWLN    *UXQGODJHQ 9HUIDKUHQ XQG 6WUDWHJLHQ ,Q 6SULQJHU  9HUODJ %HUOLQ +HLGHOEHUJ 1HZ *XGE@ *XGHKXV 7LPP    /RJLVWLN  1HW]ZHUNH 6\VWHPH XQG /LHIHUNHWWHQ,Q6SULQJHU9HUODJ%HUOLQ+HLGHOEHUJ1HZ*XG@ *XGHKXV7LPP *UHQ]OHLVWXQJVJHVHW]HIU 9HUWHLOHUXQG 6DPPHOHOHPHQWH,Q)|UGHUQXQG+HEHQ 1U >*:@ *QWKQHU :$ :LONH 0   0DWHULDOIOXVVWHFKQRORJLH  $QIRUGHUXQJHQ XQG .RQ]HSWH IU ZDQGHOEDUH 0DWHULDOIOXVVV\VWHPH 'RUWPXQGHU*HVSUlFKH6HSWHPEHU >*:@ *QWKQHU :$ :LONH 0   $QIRUGHUXQJHQ DQ DXWRPDWL VLHUWH 0DWHULDOIOXVVV\VWHPH IU ZDQGHOEDUH /RJLVWLNVWUXNWXUHQ 7D JXQJVEDQG :LVVHQVFKDIWVV\PSRVLXP /RJLVWLN GHU %9/  +XVV 9HUODJ*PE+0QFKHQ6 >*Q@

*QWKQHU :$   )|UGHUWHFKQLN 9RUOHVXQJVVNULSW 78

0QFKHQ/HKUVWXKOIU)|UGHUWHFKQLN0DWHULDOIOXVV/RJLVWLN



/LWHUDWXUYHU]HLFKQLV

>*O@ *OGH :ROIJDQJ   8QWHUVXFKXQJHQ ]XP %HZHJXQJV XQG hEHUJDQJVYHUKDOWHQ YRQ 6WFNJWHUQ DXI 5ROOEDKQHQ XQG *XUWI|UGH UHUQ ,Q 'LVVHUWDWLRQ 8QLYHUVLWlW 'RUWPXQG )DNXOWlW 0DVFKLQHQEDX  >+D'D@ +DJHU 0DQIUHG 'URVWH +HLQULFK    8QWHUVXFKXQJHQ DQ .LSSHOHPHQWHQ IU 6WFNJXWVRUWLHUDQODJHQ  7HLO , ,Q )+ )|UGHUQ XQG+HEHQ1U6 >+D'E@ +DJHU 0DQIUHG 'URVWH +HLQULFK    8QWHUVXFKXQJHQ DQ .LSSHOHPHQWHQ IU 6WFNJXWVRUWLHUDQODJHQ  7HLO ,, ,Q )+ )|UGHUQ XQG+HEHQ1U6 >+DJ@+DJHU0DQIUHG 6WHWLJI|UGHUHU,Q%HLW]:.WWQHU. ++UVJ 'XEEHO7DVFKHQEXFKIUGHQ0DVFKLQHQEDX$XIODJH 6SULQJHU9HUODJ %HUOLQ +HLGHOEHUJ1HZ +D:D@

+DJHU 0DQIUHG :LOO )UDQN  

$QWULHEVV\VWHPH IU

6WFNJXW6RUWLHUDQODJHQ 7HLO  $QWULHEH PLW IRUP XQG UHLEVFKOVVL JHU.UDIWHLQOHLWXQJ,Q$QWULHEVWHFKQLN1U6 >+D:E@

+DJHU 0DQIUHG :LOO )UDQN   $QWULHEVV\VWHPH IU

6WFNJXW 6RUWLHUDQODJHQ 7HLO  $QWULHE PLW /LQHDUPRWRU ,Q $Q WULHEVWHFKQLN1U6 >+LO@

+LOOHQ

+UVJ 

 

+LOOHQ

:%6

/RJLVWLF

KWWSZZZVRUWHUGH!$EUXIGDWXP >+LQ@ +LQW] $QGUHDV   %HGHXWXQJ GHU (QGVWHOOHQ DQ +RFKOHLV WXQJVVRUWHUQ,Q9',)0/9',%HULFKWH1U6RUWHULP/RJLVWL VFKHQ 3UR]HVV >7DJXQJ .DUOVUXKH  6HSWHPEHU @  9', 9HUODJ 'VVHOGRUI6 >+LU@ +LUVFKPOOHU 7KRPDV   /HLVWXQJVNULWHULHQ XQG 6\VWHPILQ GXQJ IU GLH 6WFNJXWHLQVFKOHXVXQJ DXI 6RUWHU ,Q WHQ +RPSHO 0L FKDHO +UVJ  5HLKH /RJLVWLN IU GLH 3UD[LV >'LVVHUWDWLRQ 8QLYHUVLWlW 'RUWPXQG@3UD[LVZLVVHQ9HUODJ'RUWPXQG >+R+@WHQ+RPSHO0LFKDHO+UVJ +HLGHQEOXWK9RONHU7DVFKHQOH[L NRQGHU/RJLVWLN6SULQJHU%HUOLQ,6%1 >+R-D@WHQ+RPSHO0LFKDHO-RGLQ'LUN /HLVWXQJVUHVHUYHQVWH FNHQLP 'HWDLO7HLO,Q+HEH]HXJHXQG)|UGHUPLWWHO+XVV 9HUODJ%HUOLQ6 >+R-E@WHQ+RPSHO0LFKDHO-RGLQ'LUN /HLVWXQJVUHVHUYHQVWH FNHQLP 'HWDLO7HLO,Q+HEH]HXJHXQG)|UGHUPLWWHO+XVV 9HUODJ%HUOLQ6 >+RP@ WHQ +RPSHO 0LFKDHO   /DJHUYHUZDOWXQJVV\VWHPH ± 'DV 2EMHNW(EHQHQPRGHOO GHU /DJHUYHUZDOWXQJ 9HUODJ 3UD[LVZLVVHQ 'RUWPXQG

/LWHUDWXUYHU]HLFKQLV



>+RP@WHQ +RPSHO0LFKDHO 'HWHUPLQLVWLVFKHU0DWHULDOIOXVV,Q +HEH]HXJHXQG)|UGHUPLWWHO 6  >+R6@ WHQ +RPSHO 0LFKDHO 6FKPLGW 7KRUVWHQ   $OWHUQDWLYHQ ]XP 9HUWHLOHQ YRQ .OHLQJXW 'DV 'UHKVRUWHUNRQ]HSW ,Q +HEH]HXJH XQG)|UGHUPLWWHO%HUOLQ1U6 >+R6@WHQ+RPSHO0LFKDHO6FKPLGW7KRUVWHQ :DUHKRXVH0D QDJHPHQW6SULQJHU9HUODJ%HUOLQ+HLGHOEHUJ1HZ+R7@WHQ+RPSHO0LFKDHOYRQ7XLMO.DUHO 9LUWXHOOH/DJHUIU *OREDOH 3OD\HU  2EMHNWRULHQWLHUWH 6WHXHUXQJVVRIWZDUH IU JOREDOH +RFKOHLVWXQJV /RJLVWLN]HQWUHQ ,Q 0DWHULDOIOXVV      1RYHPEHU'H]HPEHU6 >+E@ +EQHU +HOPXW    =XIKUXQJVV\VWHPH IU +RFKOHLVWXQJV 6RUWLHUDQODJHQ,Q9',)0/9',%HULFKWH1U6RUWHULP/R JLVWLVFKHQ 3UR]HVV >.DUOVUXKH  6HSWHPEHU @ 9',9HUODJ 'V VHOGRUI6 >-R%@ -RGLQ 'LUN YRP %RYHUW ( 0 1HXH 0HWKRGH KLOIW 9HUIJEDU NHLW]XHUK|KHQ,Q)+)|UGHUQXQG+HEHQ1U9HUHLQLJ WH)DFKYHUODJH0DLQ]6 >-RK@ -RKQVRQ 0 (ULF   7KH LPSDFW RI VRUWLQJ VWUDWHJLHV RQ DXWRPDWHG VRUWDWLRQ V\VWHP SHUIRUPDQFH ,Q ,,( 7UDQVDFWLRQV  6 >-%@-QHPDQQ5HLQKDUGW%H\HU$QGUHDV 6WHXHUXQJYRQ0D WHULDOIOX‰ XQG /RJLVWLNV\VWHPHQ ,Q 6SULQJHU 9HUODJ %HUOLQ +HLGHO EHUJ1HZ-6@-QHPDQQ5HLQKDUGW6FKPLGW7KRUVWHQ 0DWHULDOIOXVVV\V WHPH6\VWHPWHFKQLVFKH*UXQGODJHQ$XIODJH,Q6SULQJHU9HUODJ %HUOLQ+HLGHOEHUJ1HZ-Q@ -QHPDQQ 5HLQKDUGW   0DWHULDOIOX‰ XQG /RJLVWLN  6\VWHP WHFKQLVFKH *UXQGODJHQ PLW 3UD[LVEHLVSLHOHQ 6SULQJHU 9HUODJ %HUOLQ +HLGHOEHUJ1HZ.DV@ .DVVQHU :    0RGHUQH 6RUWLHUNRQ]HSWH  1HXH 7HFKQROR JLHQ ,Q 9', )0/ 9',%HULFKWH 1U  6RUWHU LP ORJLVWLVFKHQ 3UR]HVV>.DUOVUXKH-XQL@9',9HUODJ'VVHOGRUI6  >.DV@ .DVVQHU :   'HWDLOO|VXQJHQ LP %HUHLFK 6RUWLHUWHFKQLN LP 4XHOOH 9HUVDQG]HQWUXP /HLS]LJ ,Q 9', )0/ 9',%HULFKWH  1U  'HQ :DQGHO )RUGHUQ XQG )|UGHUQ >7DJXQJ /HLS]LJ  -XQL   'HXWVFKHU 0DWHULDOIOXVV.RQJUHVV@ 9', 9HUODJ 'VVHO GRUI6  >.LH@ .LHVVOLFK +ROJHU    0DWHULDOIOXVV6\VWHP PLW LQWHJULHUWHP 3XIIHUODJHU,Q)|UGHUWHFKQLN1U6



/LWHUDWXUYHU]HLFKQLV

>.OH@ .OHLQ 5REHUW    1HXHV 6RUWHUV\VWHP QDFK GUHL -DKUHQ (QW ZLFNOXQJ LP (LQVDW] ,Q /RJLVWLN IU 8QWHUQHKPHQ  -DKUJDQJ 6 >.0/@

.QQH % 0HKODQ 9 /DQJHQRKO $   5ROOHQ XQWHU

6FKZHUODVW 0DVFKLQHQPDUNW'DV,QGXVWULH0DJD]LQ$XVJDEH)HEUXDU6  >.QL@ .QLJKWV 6WHYH   2Q WKH ULJKW OLQHV ,Q 6WRUDJH +DQGOLQJ 'LVWULEXWLRQ6 >.QLD@.QLOO%HUQLH 7KH$UWDQG6FLHQFHRI6RUWDWLRQ,Q0DWH ULDO+DQGOLQJ(QJLQHHULQJ-DKUJDQJ-XO\6 >.QLE@.QLOO%HUQLH 7KH$UWDQG6FLHQFHRI6RUWDWLRQ,Q0DWH ULDO+DQGOLQJ(QJLQHHULQJ-DKUJDQJ6HSWHPEHU6 >.R/@ .RFK *QWHU /HKPDQQ 3HWHU   %UXVK6RUWHU  HLQH QHXH /|VXQJ",Q +HEH]HXJHXQG)|UGHUPLWWHO%HUOLQ 6  >.UD@ .UDXV -RVHI   1HEHQVDFKH 0HQVFK ,Q 00 /RJLVWLN :U]EXUJ6 >.UD@.UDW]*HUKDUG 'HU/LQHDUPRWRUDOV$QWULHELQGHU)|UGHU XQG9HUNHKUVWHFKQLN,QGKI6 >.Q@.QQH% (LQIKUXQJLQGLH0DVFKLQHQHOHPHQWH$XI ODJH%*7HXEQHU9HUODJ:LHVEDGHQ >.XK@.XKQ$[HO 3UR]HVVNHWWHQLQGHU/RJLVWLN(QWZLFNOXQJV WUHQGV XQG 8PVHW]XQJVVWUDWHJLHQ ,Q 9HUODJ 3UD[LVZLVVHQ 'RUWPXQG  >.XK@

.XKQ $[HO    %HGHXWXQJ GHU /DJHU LP

8PIHOG YRQ

6XSSO\&KDLQ 0DQDJHPHQW ,Q )+ )|UGHUQ XQG +HEHQ 0DUNWELOG /DJHU 6 >/DQ@ /DQJHQ .DUO+HLQ]   6WUDWHJLHQ IU GLH .RPPLVVLRQLHUXQJ PLW 5HJDOEHGLHQJHUlWHQ .DUXVVHOOlJHUQ XQG 6RUWHUQ ,Q /RJLVWLN LP 8QWHUQHKPHQ1U6HSWHPEHU6 >/HQ@ /HQN %HUQKDUG    'LH RSWLVFKH &RGLHUXQJ DOV .QDFNSXQNW ]ZLVFKHQ 6RUWHU XQG /HVHWHFKQLN ,Q 9', )0/ 9',%HULFKWH 1U  6RUWHU LP /RJLVWLVFKHQ 3UR]HVV >.DUOVUXKH 6HSWHPEHU @ 9',9HUODJ'VVHOGRUI6 >/HQ@ /HQN %HUQKDUG    6WULFKFRGH3UD[LV +DQGEXFK GHU $XWR PDWLVFKHQ ,GHQWLILNDWLRQ ,Q 0RQLND /HQN )DFKEXFKYHUODJ  $XIOD JH.LUFKKHLP >/LQD@/LQJH1LOV :LUWVFKDIWOLFKH6RUWHUIUNOHLQHUHXQGPLWWOH UH 'XUFKVlW]H ,Q 2SWLPLHUXQJ YRQ .RPPLVVLRQLHUV\VWHPHQ 8QLYHU VLWlW.DUOVUXKH,QVWLWXWIU )|UGHUWHFKQLNXQG/RJLVWLNV\VWHPH+UVJ  .DUOVUXKH)HEUXDU6

/LWHUDWXUYHU]HLFKQLV



>/LQE@ /LQJH 1LHOV    0HUNPDOH NRQNXUULHUHQGHU 6RUWLHU XQG 9HUWHLOV\VWHPH ,Q )+ )|UGHUQ XQG +HEHQ  1U   6   >/LQ@ /LQJH 1LHOV   6RUWLHUV\VWHPH LP 9HUJOHLFK ,Q 9', )0/ 9',%HULFKWH 1U 

6RUWHU LP /RJLVWLVFKHQ 3UR]HVV >.DUOVUXKH

6HSWHPEHU@9',9HUODJ'VVHOGRUI6 >0DQ@ 0DQQHVPDQQ 'HPDJ )|UGHUWHFKQLN   1HXH 0|JOLFKNHLWHQ GXUFK +LJK 6SHHG 6RUWDWLRQ ,Q 'HU %HWULHEVOHLWHU  -DKUJDQJ 6 >0DQ@ 0DQQHVPDQQ 'HPDWLF  5DSLVWDQ 6\VWHPV   5HFLUFXODWLQJ &DUULHU 6RUWDWLRQ 6\VWHPV 7LOW 7UD\ DQG &URVVEHOW V\VWHPV IRU KLJK YROXPHDSSOLFDWLRQV,Q0DQQHVPDQQ'HPDWLF >0DQ@ 0DQQHVPDQQ 'HPDWLF  5DSLVWDQ 6\VWHPV   'LVWULEXWLRQ WHFKQRORJ\ NHHSV SDFH ZLWK ( FRPPHUFH JURZWK ,Q 0DWHULDO +DQG OLQJ(QJLQHHULQJ9RO 1R6HSWHPEHU6 >0O@ 0OOHU 5ROI    $QZHQGHUVHLWLJH $QIRUGHUXQJHQ DQ ZLUW VFKDIWOLFKH 6RUWLHUV\VWHPH ,Q 9', )0/ 9',%HULFKWH 1U  6RUWHU LP /RJLVWLVFKHQ 3UR]HVV >.DUOVUXKH 6HSWHPEHU @ 9', 9HUODJ'VVHOGRUI6 >0O@ +: 0OOHU   5HLEUDGJHWULHEH ,Q 'XEEHO  7DVFKHQEXFK IU GHQ 0DVFKLQHQEDX $XIODJH 6SULQJHU9HUODJ %HUOLQ +HLGHO EHUJ1HZ1HU@ 1HUDN+UVJ  1HUDN*XPPLEORFN.HWWH,QKWWSZZZ QHUDNGHQHUDNGHSGISURVSHNWH*%.B'SGI!

$EUXIGDWXP

 >2SS@ 2SSHUPDQQ %LUJLW   1XU ZHU DOOH 9RUWHLOH EUDXFKW PXVV DXFKIUDOOHEH]DKOHQ,Q,QGXVWULHDQ]HLJHU6 >2VH@ 2VHU -   *HUlWHWHFKQLN XQG $QODJHQNRQ]HSWH IU 6RUWLHU V\VWHPH XQG 9HUWHLODQODJHQ ,Q 9', )0/ 9',%HULFKWH 1U  9',9HUODJ'VVHOGRUI6 >3IH@3IHLIHU +HLQ]   *UXQGODJHQ GHU )|UGHUWHFKQLN  $XIO 9LHZHJ9HUODJ%UDXQVFKZHLJ:LHVEDGHQ >3UX@ 3UXFKQLHZVNL 6WHIDQ   6RUWHU LP ORJLVWLVFKHQ 3UR]HVV ,Q 9', )0/ 9', %HULFKWH   >7DJXQJ .DUOVUXKH@ 9',9HUODJ 'VVHOGRUI-XQL >5DG@ 5DGWNH $[HO    %HLWUDJ ]XU (QWZLFNOXQJ RSWLPDOHU %H WULHEVVWUDWHJLHQ IU 6RUWLHUV\VWHPH 'LVVHUWDWLRQ 8QLYHUVLWlW 'RUW PXQG)DNXOWlW0DVFKLQHQEDX >5HG@5HGPRQG%LOO )DVWSD\EDFN,Q/RJLVWLFV(XURSH9RO 1R-DQXDU\6,661



/LWHUDWXUYHU]HLFKQLV

>5HJ@5HJQHW-RKDQQ 3LORWSURMHNW0DLO&HQWHU*XDQJ]KRX(UV WHV LQWHJULHUWHV XQG DXWRPDWLVLHUWHV 3RVWYHUWHLO]HQWUXP &KLQDV ,Q KWWSZZZLQGXVWULHDQ]HLJHUGH!$EUXIGDWXP >5HL@5HLWRU*HRUJ3 )|UGHUWHFKQLN+HEH]HXJH6WHWLJI|UGH UHU  /DJHUWHFKQLN 6WXGLHQEFKHU GHU WHFKQLVFKHQ :LVVHQVFKDIWHQ &DUO+DQVHU9HUODJ0QFKHQ:LHQ



>6DQ@ 6DQGYLN 6RUWLQJ 6\VWHPV +UVJ    9HUVDWLOH +HDY\'XW\ 6RUWDWLRQ  6WHOO DQG )DEULF )ODW %HOW 6RUWHUV ,Q )LUPHQVFKULIW 666 (1*.6DQGYLN6RUWDWLRQ6\VWHPV >6DQD@ 6DQGYLN 6RUWLQJ 6\VWHPV +UVJ  D  +LJK6SHHG 'LYHUWHU ZLWK 3ODVWLF %ODGH ,Q )LUPHQVFKULIW 666 (1*   . 6DQG YLN6RUWLQJ6\VVWHPV >6DQE@ 6DQGYLN 6RUWLQJ 6\VWHPV +UVJ  E  +LJK 'HQVLW\ 6RUWD WLRQ  3/866257 6RUWLQJ 6\VWHP ,Q )LUPHQVFKULIW 666 (1* ±.6DQGYLN6RUWLQJ6\VWHP >6FK@6FKPLGW7KRUVWHQ 6WFNJXWYHUWHLOXQJQDFKGHP'UHKVRU WHUSULQ]LS %HZHJXQJVYHUKDOWHQ XQG 6\VWHPOHLVWXQJ ,Q -QHPDQQ 5HLQKDUG+UVJ 5HLKH/RJLVWLNIUGLH3UD[LV>'LVVHUWDWLRQ8QLYHUVL WlW'RUWPXQG@3UD[LVZLVVHQ9HUODJ'RUWPXQG >6FK@ 6FKLHUKRO] +UVJ    .UHLVI|UGHUHU 6\VWHP 0RQRPDWLN  ,Q)LUPHQVFKULIW'/RXLV6FKLHUKRO]%UHPHQ >6FK@ 6FKHIIOHU 0DUWLQ    *UXQGODJHQ GHU )|UGHUWHFKQLN  (OH PHQWH XQG 7ULHEZHUNH ,Q 9LHZHJ9HUODJ %UDXQVFKZHLJ:LHVEDGHQ  >6FK@ 6FKOWHU -|UJ   8QWHUVXFKXQJHQ ]XP %HZHJXQJVYHUKDOWHQ YRQ 6WFNJWHUQ DXI NXUYHQJlQJLJHQ 6WHWLJI|UGHUHUQ ,Q 'LVVHUWDWLRQ 8QLYHUVLWlW'RUWPXQG)DNXOWlW0DVFKLQHQEDX >6FK@ 6FKPLGW 7KRPDV   9RUULFKWXQJ ]XP 6RUWLHUHQ E]Z 9HU WHLOHQ YRQ 6WFNJWHUQ ,Q 2IIHQOHJXQJVVFKULIW '(    $ 0QFKHQ >6FZ@6FKZDU]5RODQG 1HXH0|JOLFKNHLWHQGXUFK+LJK6SHHG 6RUWLHUV\VWHPH+RKH$QVSUFKHIUVWlQGLJZHFKVHOQGHXQGVWHLJHQGH $QIRUGHUXQJHQ,QGKI-DKUJDQJ6 >6FK@ 6FKHLG :ROI0LFKDHO   2KQH ,QYHVWLWLRQ ]X PHKU 'XUFK VDW] (UK|KWH /HLVWXQJHQ ]X PHKU 'XUFKVDW] ,Q 7HFKQLFD  -DKU JDQJ6 >6FZ@ 6FKZLQG *HQH )   6RUWLQJ RXW WKH 6RUWHUV 6RUWDWLRQ 6\V WHPV,Q0DWHULDO+DQGOLQJ(QJLQHHULQJ-DKUJDQJ0DUFK6  >6FKD@ 6FKPLGW 7KRUVWHQ   5RWLHUHQ XQG VRUWLHUHQ ,Q )|UGHU WHFKQLN-DKUJDQJ$XJXVW6

/LWHUDWXUYHU]HLFKQLV



>6F-@ 6FKPLGW 7KRUVWHQ -XQJEOXWK 9RONHU   'UHKVRUWHUNRQ]HSW 1HXH 6RUWHUWHFKQRORJLH HUVFKOLH‰W ZHLWHUH (LQVDW]EHUHLFKH ,Q :HUEH EURVFKUH ,0/ )UDXQKRIHU ,QVWLWXW IU 0DWHULDOIOXVV XQG /RJLVWLN +UVJ 'RUWPXQG >6F5@6FKXO]H/5XQJH- :HOW0DUNWEHUVLFKW6RUWHUDQOD JHQ(QWVFKHLGXQJVKLOIHIU]XNQIWLJH,QYHVWLWLRQHQ,Q/RJLVWLNZHOW 6 >6F:@ 6FKPLGW 7KRUVWHQ :|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‰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

ZZZVLJPDLQQRYDWLRQGHWXUQRXWVRUWHUKWP!

$EUXIGDWXP

 >659@ 6FKXO]H / 5XQJH - HW DO   :HLFKHQ VWHOOHQ DXI GHP :HJ]XP.XQGHQ,Q/RJLVWLNZHOW6 >6W|@ 6W|QQHU *HUKDUG   $VSHNWH ]XP ZLUWVFKDIWOLFKHQ (LQVDW] YRQ6RUWHUQ,Q,Q9',)0/+UVJ 9',%HULFKWH1U6RUWHU



/LWHUDWXUYHU]HLFKQLV

LP ORJLVWLVFKHQ 3UR]HVV >7DJXQJ .DUOVUXKH  -XQL @ 9', 9HUODJ'VVHOGRUI6 >6Z@ 6ZLVVORJ 7UDQVQRUP 6\VWHP +UVJ    6FKOVVHONRPSRQHQ WHQ IU ]XNXQIWVIlKLJH $QODJHQNRQ]HSWH (LQVFKOHXV XQG $E]XJVI|U GHUHU76,Q7UDQVQRUP6\VWHP *PE++DUVXP6 >6ZL@ 6ZLVVORJ 7UDQVQRUP D  76  6FKUlJJXUWI|UGHUHU ,Q 7UDQVQRUP 6\VWHP *PE+ 'DWHL 'BBB' )RUPXODU 407 D'DWHQEODWWGRFR-+DUVXP6 >6ZLD@ 6ZLVVORJ 7UDQVQRUP +UVJ    0DWHULDOIOXVVWHFKQLN ,Q )LUPHQVFKULIW7UDQVQRUP 6\VWHP*PE++DUVXP >7.+@ 7KRPDV .ODXV .RFNHUEHFN *HUKDUG HW DO   +RKH 3HU IRUPDQFH LP  6WXQGHQ %HWULHE ,Q )+ )|UGHUQ XQG +HEHQ   1U6 >7UD@ 7UDQVQRUP +UVJ    7UDQVQRUP 6PDUW6RUW  +|FKVWOHLVWXQJ EHLP6RUWLHUHQXQG9HUWHLOHQ,Q)LUPHQVFKULIW: 6&'(7UDQVQRUP6\VWHP *PE+ >7UD@ 7UDQVQRUP +UVJ    .RPSRQHQWHQ IU GLH 0DWHULDOIOXVV WHFKQLN ,Q )LUPHQVFKULIW :3''( 7UDQVQRUP +DUVXP >7UD@ 7UDQVQRUP 6\VWHP *PE+   6FKUlJJXUWI|UGHUHU IU KRKH /HLVWXQJHQ,Q9HUSDFNXQJV5XQGVFKDX-DKUJDQJ6 >836D@

836

+UVJ 

 

2YHUYLHZ



836

:RUOGSRUW

,Q

KWWSSUHVVURRPXSVFRPPHGLDNLWVSRSXSVIDFWVKHHW KWPO!$EUXIGDWXP >836E@ 836 +UVJ    4XLFN )DFWV  836 :RUOGSRUW ,Q KWWS SUHVVURRPXSVFRPPHGLDNLWVSRSXSVIDFWVKHHWKWPO! $EUXIGDWXP >836@ 836+UVJ  3RVWDO0HFKDQL]DWLRQ(DUO\$XWRPDWLRQ,Q :::XVSVFRPKLVWRU\KLVKWP!$EUXIGDWXP  >9DK@9DKOH*PE++UVJ  ,VROLHUWH6WURPVFKLHQH8,Q.D WDORJ$'3DXO9DKOH*PE+.DPHQ >9DK@ 9DKOH *PE+ +UVJ    .XQVWVWRIIVFKOHLIOHLWXQJHQ 9.6 XQG9./,Q.DWDORJ1UE'3DXO9DKOH*PE+.DPHQ >9DK@ 9DKOH *PE+   &36 %HUKUXQJVORVH (QHUJLHEHUWUDJXQJ ,Q .DWDORJ  3DXO 9DKOH *PE+  &R .* .D PHQ >9DQ@ 9DQGHUODQGH ,QGXVWULHV +UVJ    6RUWLQJ 7HFKQRORJ\ ,Q )LUPHQVFKULIW(19DQGHUODQGH,QGXVWULHV >9DQ@ 9DQGHUODQGH ,QGXVWULHV +UVJ    ([SUHVV3DNHWGLHQVWH ,Q KWWSYDQGHUODQGHGH([SUHVV3DUFHO,QGHVKWPO!$EUXI

/LWHUDWXUYHU]HLFKQLV



>9',@ 9HUHLQ 'HXWVFKH ,QJHQLHXUH +UVJ    9',  =LHOVWHXHUXQJHQIU6WFNJXWDXI6WHWLJI|UGHUHUQ9HUWHLOHLQULFKWXQJHQ %HXWK9HUODJ%HUOLQ >9',@ 9HUHLQ 'HXWVFKH ,QJHQLHXUH +UVJ    9',  6RU WLHUHQLP/RJLVWLVFKHQ3UR]HVV%HXWK9HUODJ%HUOLQ >9',@9HUHLQ 'HXWVFKH ,QJHQLHXUH +UVJ    9',   .RP PLVVLRQLHUV\VWHPH%ODWW%HXWK9HUODJ%HUOLQ >9',@ 9HUHLQ 'HXWVFKH ,QJHQLHXUH +UVJ    9',   6RU WLHUV\VWHPHIU6WFNJXW%HXWK9HUODJ%HUOLQ >9RJ@9RJO :   6RUWHUDXVZDKO IU GDV +RFKOHLVWXQJV 6RUWLHUHQ YRQ6WFNJWHUQ,Q9',)0/9',%HULFKWH>'HXWVFKHU0D WHULDOIOXVV .RQJUHVV 7DJXQJ .DUOVUXKH  XQG  -XQL @ 9', 9HUODJ'VVHOGRUI6 >:DQ@ :DQ