
(AGENPARL) – gio 06 aprile 2023 35(0,2 '( 9,7$,9 (',=,21( 35(0,$7$ 7(6, 68//$ 6,&85(==$ 675$'$/(
$66(*1$7( 48$7752 0(1=,21, 63(&,$/,
5RPD  DSULOH 
6L Å FRQFOXVR LO SURFHVVR GL YDOXWD]LRQH GHOOH FDQGLGDWXUH DOOD,9 HGL]LRQH GHO 3UHPLR GL 6WXGLR
GHGLFDWR DOOD PHPRULD GL 3DVTXDOH 'H 9LWD OpLQL]LDWLYD SURPRVVD GD
$XWRPRELOH &OXE Gp,WDOLD t

6DUD $VVLFXUD]LRQL
8QLRQH (QHUJLH SHU OD 0RELOLW½ t XQHP
 LQ FROODERUD]LRQH FRQ
(1(5*,$

SHU
LQFHQWLYDUH OR VWXGLR H OD GLYXOJD]LRQH VFLHQWLILFD
VXO IXWXUR GHOOD PRELOLW½
,O 3UHPLR IRWRJUDID XQ PRQGR GHOOD ULFHUFD DWWHQWR DOOpLQQRYD]LRQH DOOD WUDQVL]LRQH HQHUJHWLFD DOOD
VRVWHQLELOLW½ GHOOD PRELOLW½ GHFOLQDWD LQ WHUPLQL GL VLFXUH]]D DO UDJJLXQJLPHQWR GHJOL DPEL]LRVL RELHWWLYL
GHO 31,(&
0ROWR EXRQD OD SDUWHFLSD]LRQH FRQ  FDQGLGDWXUH H  VWXGL DPPHVVL DOOD IDVH GL YDOXWD]LRQH
PDJJLRU SDUWH VL Å FRQFHQWUDWD VX DVSHWWL WHFQRORJLFL HG HFRQRPLFL FRQQHVVL DL
YHLFROL HOHWWULFL
 VX
 EDWWHULH PRGDOLW½ GL ULFDULFD SURJHWWD]LRQH GHOOH VWD]LRQL GL ULFDULFD SROLWLFKH SXEEOLFKH H
VWUDWHJLH LQGXVWULDOL SHUIRUPDQFH DPELHQWDOL VROX]LRQL SHU OD UHWH HOHWWULFD DSSOLFD]LRQL QHO WUDVSRUWR
SXEEOLFR ORFDOH
6HJXH OpLQWHUHVVH SHU OH LPSOLFD]LRQL GL
VLFXUH]]D VWUDGDOH
GHULYDQWL GDJOL VYLOXSSL WHFQRORJLFL GHOOD
PRELOLW½ VRVWHQLELOH  VX  LQWHOOLJHQ]D DUWLILFLDOH PDFKLQH OHDUQLQJ UHDOW½ YLUWXDOH VLVWHPL $'$6
GL DVVLVWHQ]D DOOD JXLGD WHFQRORJLH,&7 SHU OD JHVWLRQH GHO WUDIILFR
8Q FDQGLGDWR VL Å FRQFHQWUDWR VXO FRQWULEXWR GL
ELRFDUEXUDQWL H FDUEXUDQWL DOWHUQDWLYL
DOOD ULGX]LRQH
LQTXLQDPHQWR DWPRVIHULFR H GHO FDPELDPHQWR FOLPDWLFR XQ DOWUR VXO
GHFRPPLVVLRQLQJ
GHOOH
SLDWWDIRUPH SHWUROLIHUH
  FDQGLGDWXUH VL VDUHEEH FRQFHQWUDWH VXOOR VWRUDJH GHOOD &2

QHL JLDFLPHQWL
HVDXVWL PD VRQR VWDWH HVFOXVH SHU UDJLRQL IRUPDOL
, ODYRUL VRQR VWDWL JLXGLFDWL VHFRQGR FULWHUL GL RULJLQDOLW½LQQRYDWLYLW½ FDSDFLW½ GLYXOJDWLYD H FDSDFLW½
SURSRVLWLYD 'DO SURFHVVR GL YDOXWD]LRQH Å HPHUVD XQpHOHYDWD TXDOLW½ GL QXPHURVL VWXGL SUHVHQWDWL H
DIIHUHQWL D GLIIHUHQWL DPELWL WHPDWLFL  LQ SDUWLFRODUH L ODYRUL FKH OD &RPPLVVLRQH *LXGLFDWULFH KD
ULWHQXWR SDULPHQWL PHULWHYROL
+D TXLQGL GHFLVR GL SUHPLDUH WUD TXHVWL OR VWXGLR FKH KD DIIURQWDWR XQ WHPD QRQ SUHPLDWR QHOOH
SDVVDWH HGL]LRQL FRQ OD ILQDOLW½
DQFKH GL LQGLFDUH DOOD FRPXQLW½ GL JLRYDQL VWXGLRVL XQ
SUREOHPD GL
HVWUHPD ULOHYDQ]D GD DIIURQWDUH FRQ XUJHQ]D TXHOOR GHOOD
VLFXUH]]D VWUDGDOH
6RQR VWDWL  JOL LQFLGHQWL PRUWDOL QHO  H  OH YLWWLPH LQ DXPHQWR VXO 
ULVSHWWLYDPHQWH GHO  H GHOO
 'DOO
LQL]LR GHO  D LQL]LR PDU]R VRQR  OH YLWWLPH 
DYHYDQR PHQR GL  DQQL
,O 3UHPLR GL
 HXUR
YLHQH TXLQGL FRQIHULWR D
)UDQFHVFR 2UVLQL
OD WHVL GL
GRWWRUDWR
&RQIOLFW
EDVHG DSSURDFK IRU URDG VDIHW DQDOVLV
GLVFXVVD D PDU]R 
SUHVVR Op8QLYHUVLW½ GL 3DGRYD

/pHODERUDWR DSSRUWD XQ FRQWULEXWR RULJLQDOH H FRQFUHWR D
OOD ULFHUFD VXOOD SUHGL]LRQH LQ WHPSR UHDOH
GHJOL LQFLGHQWL ILQDOL]]DWD DOOD SUHYHQ]LRQH JUD]LH DOOR VWXGLR GL GDWL VXL FRQIOLWWL GL WUDIILFR FKH
FRQVHQWRQR GL VXSHUDUH DOFXQL OLPLWL LQWULQVHFL UHODWLYL DL SLÖ WUDGL]LRQDOL
FUDVK GDWD
 /D PHWRGRORJLD
XWLOL]]DWD VL GLVWLQJXH SHU OD SDUWLFRODUH LQQRYDWLYLW½ SDUWHQGR GDOOD SULPD YDOLGD]LRQH GHL ULVXOWDWL GHOOR
VWXGLR UHODWLYR DL FRQIOLWWL GL WUDIILFR FRQ L WDVVL GL LQFLGHQWL VWRULFL FL VL Å SRL EDVDWL VXOOD WHRULD GHJOL
HVWUHPL HG DSSOLFD]LRQL GL LQWHOOLJHQ]D DUWLILFLDOH SHU VYLOXSSDUH XQ PRGHOOR SUHGLWWLYR LQ JUDGR GL
VWLPDUH L WDVVL GL LQFLGHQWL VWUDGDOL D OXQJR WHUPLQH H GL SUHYHGHUH LO ULVFKLR LQ WHPSR UHDOH
*OL DOWUL FDQGLGDWL PHULWHYROL GL VSHFLDOH PHQ]LRQH
SHU OD SDUWLFRODUH RULJLQDOLW½ H FDSDFLW½ LQQRYDWLYD
GHOOD ORUR ULFHUFD VRQR
6WHIDQR 3XULFHOOL
 SHU OD WHVL GL GRWWRUDWR LQ,QJHJQHULD $PELHQWDOH H GHOOH,QIUDVWUXWWXUH
(IIHFWV RI
WKH XVH RI LQQRYDWLYH IXHOV DQG ELRIXHOV RQ WKH UHGXFWLRQ RI DLU SROOXWLRQ DQG WKH FOLPDWH FKDQJH
GLVFXVVD QHO  SUHVVR LO 3ROLWHFQLFR GL 0LODQR
,O ODYRUR DQDOL]]D GLYHUVL VFHQDUL SHU OD GHFDUERQL]]D]LRQH GHL WUDVSRUWL LQ FRHUHQ]D FRQ JOL RELHWWLYL
DPELHQWDOL DO  H DO  DWWUDYHUVR XQpDQDOLVL /&$ 9HQJRQR PHVVL D FRQIURQWR GLYHUVL EOHQG GL
FDUEXUDQWL ULQQRYDELOL FRQWHQHQWL LQWHUPHGL GL RULJLQH ELRORJLFD HR D SLÖ EDVVR FRQWHQXWR FDUERQLRVR
HV ELRDOFROL ELRQDIWD ELR(7%( HFW /D PHWRGRORJLD GL ODYRUR DSSOLFDWD Å FRPSOHWD HG HVDXVWLYD
3HU JDUDQWLUH OD FRHUHQ]D FRQ OH FRQGL]LRQL UHDOL GL XWLOL]]R GHOOH GLYHUVH VFHOWH ROWUH DG XQD
VSHULPHQWD]LRQH GL ODERUDWRULR Å VWDWD HIIHWWXDWD XQD VSHULPHQWD]LRQH VX VWUDGD LQ FRQGL]LRQL GL JXLGD
UHDOH
)UDQFHVFD 6ROGDQ
 SHU LO SDSHU
6KRUWWHUP IRUHFDVW RI HOHFWULF YHKLFOH FKDUJLQJ VWDWLRQV RFFXSDQF
XVLQJ ELJ GDWD VWUHDPLQJ DQDOVLV
SUHVHQWDWR DOOp,QWHUQDWLRQDO &RQIHUHQFH RQ (QYLURQPHQW DQG
(OHFWULFDO (QJLQHHULQJ QHO  DVVLHPH D (QHD %LRQGD *LXVHSSH 0DXUL 6LOYLD &HODVFKL
/R VWXGLR SURSRQH XQ PHWRGR SHU SUHYHGHUH QHO EUHYH SHULRGR  PLQXWL VH XQD VWD]LRQH GL
ULFDULFD SHU YHLFROL HOHWWULFL VDU½ OLEHUD R RFFXSDWD 8QpDSSOLFD]LRQH WHVWDWD VX XQD VWD]LRQH GL ULFDULFD
FRQ GDWL UDFFROWL SHU XQ SHULRGR GL WUH DQQL IDFLOPHQWH LPSOHPHQWDELOH H LQ JUDGR GL IRUQLUH
LQGLFD]LRQL XWLOL DJOL XWHQWL GL YHLFROL HOHWWULFL LQ FHUFD GL RSSRUWXQLW½ GL ULFDULFD QRQ SLDQLILFDWH
/RUHQ]R 9LOOD
SHU OD WHVL PDJLVWUDOH LQ LQJHJQHULD LQGXVWULDOH
*HQHUDWLQJ VWRFKDVWLF PRELOLW DQG
FKDUJLQJ SURILOHV ZLWK KLJK WHFKQRORJLFDO GHWDLO IRU (OHFWULF 9HKLFOH DSSOLFDWLRQV
SUHVHQWDWD QHO 
DVVLHPH D 0DWLOGH 3HWULV SUHVVR LO 3ROLWHFQLFR GL 0LODQR
8QR VWXGLR ULWHQXWR PROWR XWLOH D GHILQLUH L SURILOL RUDUL GHOOD GRPDQGD HOHWWULFD ULFRQGXFLELOH DOOD
FDULFD GL YHLFROL HOHWWULFL 1H GHULYDQR SURILOL GL GRPDQGD DEEDVWDQ]D ULJLGL H GHO WXWWR VFRUUHODWL GDL
SURILOL YDULDELOL GL JHQHUD]LRQH HOHWWULFD,PSRUWDQWL OH FRQVLGHUD]LRQL FKH VH QH SRVVRQR WUDUUH SHU LO
VLVWHPD HOHWWULFR LWDOLDQR
)HGHULFR 0LUHWWL
 SHU OR VWXGLR
+EULGL]LQJ :DWHUERUQH 7UDQVSRUW 0RGHOLQJ DQG 6LPXODWLRQ RI /RZ
(PLVVLRQV +EULG :DWHUEXVHV IRU WKH &LW RI 9HQLFH
SXEEOLFDWR VX (QHUJ QHO  YRO 
SDUW % (OVHYLHU LQVLHPH D 'DQLHOD 0LVXO *LXOLR *HQQDUR $QWRQLR )HUUDUL
/R VWXGLR YDOXWD OpLPSDWWR VXOOpLQTXLQDPHQWR GL 9HQH]LD GHULYDQWH GDOOD VRVWLWX]LRQH GHOOD IORWWD GL
YDSRUHWWL GLHVHO FRQ LEULGL GLHVHOHOHWWULFR VYLOXSSDQGR XQD VHULH GL PRGHOOL]]D]LRQL 8Q FDVR
DSSOLFDWLYR GL JUDQGH LQWHUHVVH SHU OD ULOHYDQ]D DQFKH VLPEROLFD FKH OD FLWW½ YHQHWD ULFRSUH QHO
SDQRUDPD LWDOLDQR H VYLOXSSDWR DWWUDYHUVR XQpDFFXUDWD PHWRGRORJLD
3DVTXDOH 'H 9LWD SDVVLRQH SHU OpHQHUJLD
6WRULFR SUHVLGHQWH GHOO
8QLRQH 3HWUROLIHUD H SURWDJRQLVWD DVVROXWR GHO PRQGR GHOOpHQHUJLD LQ,WDOLD
6FRPSDUVR QHO  3DVTXDOH 'H 9LWD KD OHJDWR LO VXR QRPH D LQFDULFKL GL SUHVWLJLR QHOO
LQGXVWULD
LWDOLDQD SHU OD OXQJD DWWLYLW½ QHO JUXSSR (QL QHOOp$XWRPRELOH &OXE GL 5RPD LQ $SL LQ 6DUD
$VVLFXUD]LRQL
$OOD VXD PHPRULD H DOOpLPSHJQR QHO VHWWRUH Å GHGLFDWR LO 3UHPLR GL 6WXGLR SURPRVVR GD $&, 6DUD
$VVLFXUD]LRQL 8QLRQH (QHUJLH SHU OD 0RELOLW½ t XQHP JL½ 8QLRQH 3HWUROLIHUD LQ FROODERUD]LRQH FRQ
OD ULYLVWD
(1(5*,$
JLXQWR DOOD 4XDUWD (GL]LRQH