(GLWRULDO
/X©V $QGUDGH )HUUHLUD
'LUHFWRU
7HP VH GLVFXWLGR PXLWR VREUH TXDO R PHOKRU SHUILO GDV SHVVRDV TXH H[HUFHP D VXD DFWLYLGDGH QD 0DQXWHQ§£R TXDO D SUHSDUD§£R TXH HVVDV SHVVRDV GHYHP WHU H D VXD LQVHU§£R QDV LQVWLWXL§µHV H HPSUH VDV DVVLP FRPR QD VRFLHGDGH 1R HQWDQWR SDUHFH QRV QHFHVV¡ULR QHVWH PRPHQWR UHIOHFWLU VREUH RV GHVDILRV TXH DFWXDOPHQWH VH FRORFDP H TXH WªP D YHU FRP D HYROX§£R GD &LªQFLD H GD 7HFQRORJLD PDV WDPE©P FRP RV PRGRV GH YLGD GR PXQGR DFWXDO 1R DVSHFWR FLHQWILFR H WHFQRO³JLFR SDUHFH QRV GD PDLRU LPSRU W¢QFLD UHDO§DU GRLV DVSHFWRV IXQGDPHQWDLV 2 SULPHLUR WHP D YHU FRP DV GLPHQVµHV GRV FRPSRQHQWHV H VLVWHPDV GH (QJHQKDULD TXH QRV HQYROYHP $FWXDOPHQWH DV VXDV GLPHQVµHV Y£R GHVGH VLVWHPDV TXH ID]HP XVR GDV QDQRWHFQRORJLDV FRP RUGHQV GH JUDQGH]D GLPHQVLR QDLV GD RUGHP GDV PRO©FXODV GRV PDWHULDLV DW© V GLPHQVµHV GR 8QLYHUVR FRP JUDQGH]DV TXH VH VLWXDP QD HVFDOD GR 7HUDPHWUR 6REUHWXGR DV SULPHLUDV FRPH§DP D LQYDGLU R QRVVR TXRWLGLDQR 2 VHJXQGR DVSHFWR WHP D YHU FRP R HVEDWHU GDV IURQWHLUDV HQWUH DV Y¡ULDV FLªQFLDV GH EDVH 6H DQWHULRUPHQWH WQKDPRV VLVWHPDV IVL FRV RX IVLFR TXPLFRV KRMH D HVWHV MXQWDP VH RV VLVWHPDV HP TXH
Ò w 0$187(1 2
D %LRORJLD DSDUHFH FRP XP SDSHO SRU YH]HV GHWHUPLQDQWH 6RPRV REULJDGRV SRU LVVR D DODUJDU R QRVVR HVSHFWUR GH FRQKH FLPHQWRV SDUD SRGHU LQWHUYLU QHVWHV QRYRV VLVWHPDV 7DPE©P RV QRVVRV PRGRV GH YLGD VH DOWHUDP 6RPRV FDGD YH] PDLV D YLYHU HP ]RQDV XUEDQDV 6HJXQGR DV 1D§µHV 8QLGDV HP H SHOD SULPHLUD YH] KRXYH PDLV SHVVRDV QR 0XQGR D YLYHU HP ]RQDV XUEDQDV GR TXH HP ]RQDV FDPSHVWUHV FRP WRGRV RV HTXLSDPHQWRV QHFHVV¡ULRV SDUD RV TXH YLYHP QHVVDV VRFLHGDGHV XUEDQDV 2XWUR GDGR HVVHQFLDO © D QRVVDV PDLRU ORQJHYLGDGH R TXH FULD QRYDV QHFHVVLGDGHV SDUD DTXHOHV TXH V£R PDLV YHOKRV H TXH IHOL] PHQWH V£R FDGD YH] PDLV 1RYRV HTXLSDPHQWRV DGDSWDGRV D RXWUDV YHORFLGDGHV GH YLGD HVW£R D DSDUHFHU VHP TXH RV H[LVWHQWHV SDUD RV PDLV QRYRV SRVVDP VHU GHVFDUWDGRV 3RU ILP Q£R © GH PDLV IDODU GRV SUREOHPDV DPELHQWDLV RV TXDLV PXLWR GHSHQGHP GD DFWLYLGDGH GD 0DQXWHQ§£R ( FXMD LPSRUW¢QFLD © IXQGDPHQWDO SDUD D QRVVD TXDOLGDGH GH YLGD 7RGRV HVWHV GHVDILRV TXH QRV V£R FRORFDGRV PHUHFHP D QRVVD UHIOH[£R M¡ TXH D QRVVD DFWLYLGDGH WHP TXH VH FRDGXQDU FRP HVWDV QRYDV UHDOLGDGHV