,VRODVLGDQ.DUDNWHULVDVL$PLODVHGDUL.DSDQJ$ONDORWROHUDQ
$VDO/LPEDK&DLU7DSLRND
,VRODWLRQDQG&KDUDFWHUL]DWLRQRI$OFDORWROHUDQW)XQJDO$P\ODVHV
IURP&DVVDYD6WDUFK/LTXLG:DVWH
1LVD5DFKPDQLD0XEDULN(YL'DPD\DQWL 6UL/LVW\RZDWL
-XUXVDQ%LRORJL)0,3$,QVWLWXW3HUWDQLDQ%RJRU-DODQ5D\D3DMDMDUDQ%RJRU 7HO)D[(PDLOULNQLVD#WHONRPQHW
$EVWUDFW
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
.H\ZRUGV FKDUDFWHUL]DWLRQDDP\ODVHJOXFRDP\ODVH$VSHUJLOOXVV\GRZLL$VSHUJLOOXV YHUVLFRORU
'LWHULPD2NWREHUGLVHWXMXL'HVHPEHU
3HQGDKXOXDQ
6HEDJLDQEHVDUXELND\X\DQJGLKDVLONDQ ROHK QHJDUD ,QGRQHVLD GLPDQIDDWNDQ VHEDJDL EDKDQ EDNX SDWL WDSLRND 3URVHV SHPEXDWDQ WDSLRND PHQJKDVLONDQ VHNLWDU SDWL 1LVKLVH HW DO 6HODLQ SDWL OLPEDK WDSLRND PDVLK PHQJDQGXQJ EDKDQ RUJDQLN \DQJ ODLQ VHSHUWL JXOD GDQ SURWHLQ \DQJ GDSDW GLJXQDNDQVHEDJDLVXEVWUDWXQWXNSHUWXPEXKDQ NDSDQJ
*OXNRDPLODVH GDQDDPLODVH PHUXSDNDQ HQ]LP SHQJKLGUROLVLV SDWL \DQJ EDQ\DN GLJXQDNDQ GL GDODP LQGXVWUL PDNDQD Q PLQXPDQ5RE\WGHWHUJHQ%RUFKHUWHW DOWHNVWLOGDQIDUPDVL6DULND\DHWDO $OIDDPLODVH(&PHQJNDWDOLVLV SHPXWXVDQLNDWDQJOLNRVLGLNDGDULEDJLDQ GDODP PROHNXO SDWL VHGDQJNDQ JOXNRDPLODVH DWDX DPLORJOXNRVLGDVH (&
PHQJKLGUROLVLV LNDWDQ JOLNRVLGLND GDQD GDULEDJLDQXMXQJJXODQRQSHUHGXNVLVHFDUD EHUXUXWDQ )RJDUW\ .DSDQJ SHQJKDVLO
DDPLODVH DQWDUD ODLQ $VSHUJLOOXV RU\]DH$ QLJHU 3DHFLORP\FHV VXEJORERVXP 0XFRU SXVLOXV)RJDUW\1LJDP 6LQJK GDQ7KHUPRP\FHVODQXJLQRVXV$UQHVHQHWDO 3HQJKDVLO JOXNRDPLODVH DQWDUD ODLQ $ QLJHU$VDWRL3HQLFLOOLXPR[DOLFXP5KL]RSXV
1LVKLVHHW DO 1LJDP 6LQJK GDQ7ODQXJLQRVXV&KXDQOLHWDO
3DGD XPXPQ\D NDSDQJ PHPLOLNL SHUWXPEXKDQ RSWLPXP SDGD NLVDUDQ S+ DVDP QDPXQ EHEHUDSD JDOXU NDSDQJ GDUL JHQXV
'DODP SHQHOLWLDQ LQL NDSDQJ \DQJ GLLVRODVLGDULOLPEDKFDLUWDSLRNDGLWXPEXKNDQ SDGD NLVDUDQ S+ VDPSDL S+ ,VRODW \DQJWXPEXKGDQEHUSRWHQVLVHEDJDLSHQJKDVLO
DDPLODVH HNVWUDVHOXOHU GLSLOLK XQWXN GLNDUDNWHULVDVL DNWLYLWDV DDPLODVH GDQ JOXNRDPLODVHQ\D
0HWRGHSHQHOLWLDQ
3HQJDPELODQ6DPSHO
&RQWRK OLPEDK FDLU WDSLRND EHUDVDO GDUL GDHUDK LQGXVWUL UDN\DW GL .HGXQJ +DODQJ GDQ &LPDKSDU %RJRU 6DPSHO OLPEDK FDLU WDSLRN D VXKX & S+ GLPDVXNNDQ NH GDODP ERWRO VWHULO GDQ ODQJVXQJ GLEDZD NH ODERUDWRULXP
,VRODVLGDQ3HQDSLVDQ,VRODW
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
3URGXNVL$PLODVH
3HQJXMLDQ DNWLYLWDV DPLODVH GLODNXNDQ WHUKDGDS LVRODW NDSDQJ \DQJ PHPLOLNL LQGHNV DPLOROLWLN WHUWLQJJL (PSDW NHSLQJ ELDNDQ GLDPHWHU FP XPXU KDUL
GLLQRNXODVLNDQSDGDPOPHGLDFDLUS+ SDWLWDSLRNDHNVWUDNNKDPLU.+32
GDQ 0J62+2 GLLQNXEDVL
SDGD VXKX & GHQJDQ JR\DQJDQ SHU PHQLW VHODPD KDUL 6HWHODK LWX NXOWXU GLVDULQJ GDQ ILOWUDW \DQJ GLGDSDW PHUXSDNDQ HNVWUDN NDVDU HQ]LPDDPLODVH 0DVVD NDSDQJ GLNHULQJNDQ GL GDODP RYHQ SDGD VXKX & VHODPDrKDULVDPSDLERERWNRQVWDQ
.XUYD 3HUWXPEXKDQ GDQ .XUYD $NWLYLWDV D DPLODVH
.XUYD SHUWXPEXKDQ NDSDQJ GLEXDW EHUGDVDUNDQ EHUDW NHULQJ PDVVD PLVHOLXP VHODPD PDVD LQNXEDVL KDUL 6HODPD PDVD WHUVHEXWGLXNXUSXODDNWLYLWDVDDPLODVHQ\D
3HQJXNXUDQ$NWLYLWDV$PLODVH
$NWLYLWDV DDPLODVH GLXNXU GHQJDQ PHWRGH%HUQIHOG6DWXXQLWDNWLYLWDVD DPLODVH GLGHILQLVLNDQ VHEDJDL MXPO DK HQ]LP \DQJ UHDNVLQ\D PHQJKDVLONDQ SURGXN VHWDUD
PPRO PDOWRVD SHU PHQLW SDGD NRQGLVL SHQJXNXUDQ 6HEDQ\DN PO HQ]LP GDQ PO SDWL WHUODUXW SDWL GL GDODP EXIHU JOLVLQ 1D2+ 0 GLUHDNVLNDQ GL GDODP WDEXQJ UHDNVL GDQ GLLQNXEDVL VHODPD PHQLW SDGD VXKX & 5HDNVL GLKHQWLNDQ GHQJDQ PHQDPEDKNDQPOUHDJHQDVDPGLQLWURVDOLVLODW '16 GDQ VHWHODK LWX GLSDQDVNDQ GDODP DLU PHQGLGLK VHODPD PHQLW 6HWHODK FDPSXUDQ PHQMDGL GLQJLQ DEVRUEDQVL GLEDFD SDGD SDQMDQJ JHORPEDQJ QP 6HEDJDL VWDQGDU GLJXQDNDQ PDOWRVD SDGD NRQVHQWUDVL SSPGHQJDQVHODQJNRQVHQWUDVLSSP
VXKX NDPDU GLHQFHUNDQ GHQJDQ DNXDGHV KLQJJDYROXPHDNKLU PO$EVRUEDQVLGLXNXU SDGD SDQMDQJ JHORPEDQJ QP 6DWX XQLW DNWLYLWDV JOXNRDPLODVH VHWDUD GHQJDQ PPRO JOXNRVD\DQJGLKDVLONDQSHUPHQLWSDGDNRQGLVL SHQJXNXUDQ 6HEDJDL VWDQGDU GLJXQDNDQ JOXNRVD SDGD NRQVHQWUDVL SSP GHQJDQ VHODQJNRQVHQWUDVL SSP
.DUDNWHULVDVL$PLODVH
8ML NDUDNWHULVWLN DDPLODVH GDQ JOXNRDPLODVHGLODNXNDQGHQJDQFDUDPHQJXNXU DNWLYLWDV HQ]LP SDGD NLVDUDQ S+ GHQJDQ VHODQJVDWXXQLWSDGDVXKX&XQWXN PHQHQWXNDQ S+ RSWLPXP DNWLYLWDV HQ]LP GDQ PHQJXNXU DNWLYLWDV HQ]LP SDGD NLVDUDQ VXKX & KLQJJD & GHQJDQ VHODQJ & XQWXN PHQHQWXNDQ VXKX RSWLPXPQ\D %XIHU \DQJ GLJXQDNDQ XQWXN SHQHQWXDQ S+RSWLPXPLDODK EXIHU VLWUDW 0 S+ EXIHU 7ULV +&O0S+GDQEXIHU*OLVLQ 1D2+0 S+
+DVLO'DQ3HPEDKDVDQ
3HQDSLVDQ,VRODW
6HEDQ\DN LVRODW NDSDQJ SHQJKDVLO HQ]LP DPLODVH EHUKDVLO GLLVRODVL GDUL PHGLD DJDUDJDU NHQWDQJ \DQJ PHQJDQGXQJ SDWL S+ DWDX 7DEHO 'XD LVRODW \DQJ WXPEXKSDGDS+PHPLOLNLLQGHNVDPL OROLWLN GL DWDV \DLWX LVRODW . GDQ / %HUGDVDUNDQ *LOPDQ LVRODW . GLLGHQWLILNDVL VHEDJDL$VSHUJLOOXV V\GRZLLGDQ LVRODW/VHEDJDL$YHUVLFRORU
3HUWXPEXKDQ,VRODWSDGD%HUEDJDLS+
,VRODW$V\GRZLL .GDQ$YHUVLFRORU
/ PDPSX WXPEXK SDGD PHGLD DJDU DJDU NHQWDQJ\DQJPHQJDGXQJSDWLSDGDNLVDUDQ S+ ,QGHNV DPLOROLWLN WHUEHVDU WHUGDSDW SDGD S+ XQWXN$ V\GRZLL. GDQ
S+ XQWXN$ YHUVLFRORU / 7DEHO .HGXD LVRODW GDSDW GLJRORQJNDQ VHEDJDL DONDORWROHUDQ NDUHQD PDPSX WXPEXK SDGD NLVDUDQS+DVDPKLQJJDEDVDS+
.XUYD 3HUWXPEXKDQ GDQ .XUYD $NWLYLWDV D DPLODVH
.HGXD NDSDQJ PHPEHQWXN PDVVD PLVHOLXP PHQ\HUXSDL SHOHW SDGD PHGLD FDLU \DQJGLDJLWDVL$NWLYLWDVDDPLODVH$ V\GRZLL
. PXODL WHUXNXU SDGD KDUL NH NXOWLYDVL DNWLYLWDV WHUWLQJJL WHUFDSDL SDGD KDUL NH NXOWLYDVL 8PO GDQ VHWHODK LWX PHQJDODPL SHQXUXQDQ $NWLYLWDVDDPLODVH$ YHUVLFRORU/WHUWLQJJLWHUFDSDLSDGDKDULNH NXOWLYDVL8POUHODWLINRQVWDQSDGD KDUL NH 8PO NHPXGLDQ PHQJDODPL SHQXUXQDQKLQJJDKDULNH *DPEDU
7DEHO,QGHNVDPLOROLWLNEHEHUDSDLVRODWNDSDQJDONDORWROHUDQ
.RGHLVRODW S+SHUWXPEXKDQ 'LDPHWHUNRORQL PP
7DEHO,QGHNVDPLOROLWLN$V\GRZLL.GDQ$YHUVLFRORU/SDGDEHUEDJDLS+PHGLD
S+
*DPEDU.XUYDEHUDWNHULQJ%.GDQDNWLYLWDVDDPLODVH$$$VSHUJLOOXVV\GRZLL .$V.GDQ$VSHUJLOOXVYHUVLFRORU/SDGDS+GDQVXKX&
.DUDNWHULVDVL$NWLYLWDV$PLODVH
3DGDVXKXSHQJXNXUDQ&DNWLYLWDVD DPLODVH$ V\GRZLL.GDQ$YHUVLFRORU / *DPEDU PHPSXQ\DL S+ RSWLPXP :DODXSXQ NHGXD LVRODW EHUVLIDW DONDORWROHUDQ QDPXQ S+ RSWLPXPQ\D LDODK 3DGD XPXPQ\D DNWLYLWDV DDPLODVH EHUDGD SDGD NLVDUDQ S+ KLQJJD WHUJDQWXQJ VXPEHU HQ]LPQ\D)RJDUW\ .HOO\
6HEDJDLFRQWRKDNWLYLWDVDDPLODVH$RU\]DH
VDQJDW VWDELO SDGD S+ &DUOVHQHWDO $ QLJHU PHPSXQ\DL S+ RSWLPXP GDQ )RJDUW\ .DSDQJ \DQJ PHPSXQ\DL DNWLYLWDV DDPLODVH SDGD S+ RSWLPXP DVDP S+ PLVDOQ\D0XFRU SXVLOXV )RJDUW\
6XKX RSWLPXP DNWLYLWDVDDPLODVH $ YHUVLFRORU / \DLWX SDGD VXKX & VHGDQJNDQDNWLYLWDVDDPLODVH$V\GRZLL SDGD VXKX & GDQ & *DPEDU $GDQ\D VXKX RSWLPXP NHPXQJNLQDQ PHQXQMXNNDQ GXD PROHNXO DDPLODVH \DQJ EHUEHGD WHWDSL PHQJNDWDOLVLV UHDNVL HQ]LP \DQJ VDPD LVRHQ]LP &RQWRK VHUXSD WHUGDSDW SDGD JOXNRDPLODVH \DQJ EHUDVD O GDUL $ DZDPRUL
155/ PXUQL \DQJ PHPLOLNL DNWLYLWDV RSWLPXP SDGD VXKX & GDQ & 0HLGLDZDWL
3DGDSHQJXNXUDQDNWLYLWDVJOXNRDPLODVH
$ V\GRZLL. PHPSXQ\DL S+ RSWLPXP SDGDVXKX&VHGDQJNDQ$YHUVLFRORU / PHPSXQ\DL S+ RSWLPXP SDGD VXKX & *DPEDU 6XKX RSWLPXP DNWLYLWDV JOXNRDPLODVH&XQWXN$ V\GRZLL.GDQ & XQWXN $ YHUVLFRORU / \DQJ GLXNXU SDGDS+RSWLPXPPDVLQJPDVLQJ*DPEDU 3DGD XPXPQ\D JOXNRDPLODVH PHPLOLNL S+ RSWLPXP GDQ VXKX RSWLPXP & )RJDUW\
*OXNRDPLODVH GDQ DDPLODVH \DQJ EHUDVDO GDUL NDSDQJ GDQ PHPLOLNL VXKX RSWLPXP & WHODK GLJXQDNDQ VHFDUD EHUVDPDVDPD GDODP LQGXVWULPLVDOQ\DXQWXN SURGXNVL SHPDQLV 1J .HQHDO\ :DJX HW DO PHQ\DWDNDQ E DKZD $ YHUVLFRORUGDQ$ V\GRZLL \DQJ GLLVRODVL GDUL PDNDQDQ IHUPHQWDVL DVDO &LQD PHPLOLNL DNWLYLWDV DDPLODVH QDPXQ WLGDN GLODSRUNDQ DNWLYLWDVJOXNRDPLODVHQ\D$NWLYLWDVDDPLODVH GDUL NHGXD LVRODW LQL OHELK UHQGDK GDULSDGD DNWLYLWDVSURWHDVHGDQOLS DVHQ\D
*DPEDU 3HQJDUXKS+WHUKDGDSDNWLYLWDVDDPLODVH$$GDQJOXNRDPLODVH$* $V\GRZLL.$V.GDQ$YHUVLFRORU/$Y/
S+
$
NW
LY
LW
DV
D
P
LO
DV
H
8
P
O
$$$Y/ $*$Y/
*DPEDU3HQJDUXKVXKXWHUKDGDSDNWLYLWDVDDPLODVH$$GDQJOXNRDPLODVH$* $V\GRZLL.$V.GDQ$YHUVLFRORU/$Y/
.HVLPSXODQ
%HUKDVLO GLLVRODVL LVRODW NDSDQJ DONDORWROHUDQ \DQJ EHUVLIDW DPLOROLWLN 'XD LVRODW GL DQWDUDQ\D \DQJ GLLGHQWLILNDVL VHEDJDL
$ V\GRZLL . GDQ $ YHUVLFRORU / PHPSXQ\DLLQGHNVDPLOROLWLNWHUWLQJJLGDQ PHPLOLNL DNWLYLWDV DDPLODVH VHUWD JOXNRDPLODVH
$NWLYLWDVDDPLODVHGDQJOXNRDPLODVH$YHUVLFRORU / \DQJ RSWLPXP SDGD VXKX & EHUSHOXDQJ GDSDW GLDSOLNDVLNDQ VHEDJDL ELRNDWDOLV 'HPLNLDQ SXOD DNWLYLWDV DDPLODVH $ V\GRZLL . \DQJ PHPLOLNL GXD VXKX RSWLPXP \DLWX & GDQ & PHQDULNXQWXNGLSHODMDULOHELKODQMXW
8FDSDQ7HULPD.DVLK
8FDSDQWHULPDNDVLKGLVDPSDLNDQNHSDGD'U2NN\ 6HW\DZDWL 'KDUPDSXWUD \DQJ WHODK WXUXW PHQJLGHQWLILNDVL NHGXD LVRODW \DQJ GLJXQDNDQ GDODP SHQHOLWLDQ LQL 3HQHOLWLDQ LQL PHUXSDNDQ EDJLDQ GDUL SHQHOLWLDQ \DQJ GLGDQDL 3URMHFW *UDQW 48( MXUXVDQ %LRORJL )0,3$ ,3% WDKXQ NHSDGD1LVD5DFKPDQLD0XEDULN
'DIWDU3XVWDND
$UQHVHQ66+(ULNVHQ-2OVHQ %-HQVHQ ,QFUHDVHG3URGXFWLRQRIDDPLODVH IURP 7KHUPRP\FHV /DQXJLQRVXV E\ WKH $GGLWLRQ RI 7ZHHQ (Q]\PH 0LFURE
%HUQIHOG 3 $P\ODVHV D DQGE ,Q &RORZLFN 63 12 .DSODQ (GV
0HWKRGVLQ(Q]\PRORJ\ ,SS $FDGHPLF3UHVV1HZ<RUN
%RUFKHUW 79 6) /DVVHQ $ 6YHQGVHQ +% )UDQW]HQ 2[\GDWLRQ 6WDEOH $P\ODVHV IRU 'HWHUJHQWV ,Q 3HWHUVHQ 6%%6YHQVVRQ 63HGHUVHQ(GV
3URJUHVV LQ %LRWHFKQR ORJ\ &DUERK\GUDWH %LRHQJLQHHULQJ SS (OVHYLHU6FLHQFH%9$PVWHUGDP
&DUOVHQ 0 - 1LHOVHQ - 9LODGVHQ *UZWK DQG DDP\ODVH 3URGXFWLRQ E\
$VSHUJLOOXV RU\]DH 'XULQJ &RQWLQRXV &XOWLYDWLRQV-%LRWHFKQRO
6XKX&
$
NW
LY
LW
DV
D
P
LO
DV
H
8
P
O
$$$Y/ $*$Y/
&KXDQ/L ' < -XQ<DQJ < /LDQJ3HQJ & <DR6KHQ 3XULILFDWLRQ DQG &KDUDFWHUL]DWLRQ RI ([WUDFHOOXODU *OXFRDP\ODVH IURP 7KHUPRSKLOLF 7KHUPRP\FHV ODQXJLQRVXV0\FRO 5HV
)RJDUW\ :0 0LFURELDO $P\ODVHV ,Q )RJDUW\ :0 (G 0LFURELDO
(Q]\PHV DQG %LRWHFKQRORJ\ SS $SSOLHG6FLHQFH/RQGRQ
)RJDUW\:0 &7.HOO\$P\ODVHV $P\ORJOXFRVLGDVHV DQG 5HODWHG *OXFDQDVHV ,Q 5RVH $+ (G
(FRQRPLF 0LFURELRORJ\ 9RO 0LFURELDO (Q]\PHV DQG %LRFRQYHUWLRQ SS$FDGHPLF3UHVV/RQGRQ *LOPDQ -& $ 0DQXDO RI 6RLO )XQJL
QG (G 7KH ,RZD 6WDWH &ROOHJH 3UHVV ,RZD
.UROO 5* $ONDORSKLOHV ,Q (GZDUGV & (G 0LFURELRORJ\ RI H[WUHPH (QYLURQWPHQW SS 0F*UDZ 3XEOLVKLQJ&RPSDQ\1HZ<RUN
0HLGLDZDWL '3 .DUDNWHULVDVL (Q]LP $PLODVH GDUL .DSDQJ $VSHUJLOOXV DZDPRUL 155/ ,Q -DPDUDQ , 'MXPD¶DOL .RHVQDQGDU $( 7MDKMRQR 6XSULDQWR '3 0HLGLDZDWL (GV SS 3URVLGLQJ 6HPLQDU %LRW HNQRORJL %337 , %DGDQ 3HQJNDMLDQ GDQ 3HQHUDSDQ7HNQRORJL-DNDUWD
1HOVRQ1$3KRWRPHWULF$GDSWDWLRQRI WKH 6RPRJ\L 0HWKRG IRU WKH 'HWHUPLQDWLRQRI*OXFRVH-%LRO&KHP
1J 7. () .HQHDO\ ,QGXVWULDO $SSOLFDWLRQ RI 7KHUPRVWDEOH (Q]\PHV ,Q %ULFN 7' (G 7KHUPRSKLOHV *HQHUDO 0ROHFXODU DQG $SSOLHG 0LFURELRORJ\ SS -RKQ :LOH\ 6RQV1HZ<RUN
1LJDP 3 ' 6LQJK (Q]\PH DQG 0LFURELDO 6\VWHP ,QYROYHG LQ 6WDUFK 3URFHVVLQJ (Q]\PH 0LFURE 7HFKQRO
1LVKLVH + $ )XML 0 8HQR 9 9RQJVXYDQOHUW < 7DQL 3URGXFWLRQ RI 5DZ &DVVDYD 6WDUFK 'LJHVWLYH*OXFRDP\ODVHE\5KL]RSXVVS LQ /LTXLG &XOWXUH- )HUPHQW 7HFKQRO
3ULHVW )* (Q]\PH 6\QWKH VLV 5HJXODWLRQ DQG 3URFHVV RI 6HFUHWLRQ E\ 0LFURRUJDQLVPV ,Q )RJDUW\ :0 (G 0LFURELDO (Q]\PHV DQG %LRWHFKQRORJ\ SS $SSOLHG 6FLHQFH/RQGRQ
5RE\W -) (Q]\PHV LQ WKH +\GUROLVLV DQG 6\QWKHVLV RI 6WDUFK ,Q :KLVWOHU 5/ -1 %HPLOHU () 3DVFKDOO (GV 6WDUFK &KHPLVWU\ DQG 7HFKQRORJ\ QG (G SS $FDGHPLF3U1HZ<RUN
6DULND\D ( 7 +LJDVD 0 $GDFKL % 0LNDPL &RPSDULVRQ RI 'HJUDGDWLRQ $ELOLWLHV RI D DQG E DP\ODVHV RQ 5DZ 6WDUFK *UDQXOHV
3URFHVV%LRFKHP
6LTXHUD (0'$ . 0L]XWD -5 *LJOLR 3\FQRSRUXV 6DQJXLV $ 1RYHO 6RXUFH RI DDP\ODVH 0\FRO 5HV
