'e9(5528,//(= /$ *Æ&+(77( '8
3,672/(7
3RXVVH] OH YHUURX GH VpFXULWp GH OD JkFKHWWH YHUV OH
EDV MXVTX
j FH TX
LO V
HQFOHQFKH GDQV OD IHQWH
9(5528,//(= /$ *Æ&+(77( '8
3,672/(7
3RXVVH] OH YHUURX GH VpFXULWp GH OD JkFKHWWH YHUV OH
KDXW GDQV VD SRVLWLRQ G¶RULJLQH
&+$1*(= /$ %86( '(
38/9e5,6$7,21
28
29
$9(57,66(0(17
$YDQW GH FKDQJHU OD EXVH GH SXOYpULVDWLRQ
$SSX\H] VXU OD JkFKHWWH GX SLVWROHW SRXU UHOkFKHU OD
SUHVVLRQ G
HDX
(QFOHQFKH] OH YHUURX GH VpFXULWp GH OD JkFKHWWH GX
SLVWROHW GH SXOYpULVDWLRQ
$UUrWH] OD PDFKLQH
$9(57,66(0(17
1H SRLQWH] SDV OD ODQFH VXU YRWUH YLVDJH RX VXU FHOXL GHV
DXWUHV
)UDQoDLV
7<3( '( %86(
%86( '(
38/9e5,6$
7,21
O
15
O
25
O
40
$33/,&$7,21
-DXQH H[WUpPLWp pWURLWH
/
H[WUpPLWp MDXQH GX SXOYpULVDWHXU
SXLVVDQW RIIUH XQH JUDQGH SRO\YD
OHQFH JUkFH j VRQ DQJOH GH GHJUpV
2Q O
DSSHOOH O
HPERXW GH ODYDJH
SDUFH TX
LO IRXUQLW XQH SUHVVLRQ DGp
TXDWH SRXU HQOHYHU OD VDOHWp GHV VXUID
FHV PDLV LO HVW FRQoX SRXU QH SDV HQ
GRPPDJHU GH QRPEUHXVHV VXUIDFHV
&HW HPERXW GH SXOYpULVDWHXU SXLVVDQW
HVW FRQoX SRXU © EDOD\HU ª OH IHXLO
ODJH RX OHV GpEULV HQ UDLVRQ GH VRQ
JUDQG DQJOH &HW HPERXW HVW SRO\YD
OHQW JUkFH j VD ODUJH ]RQH GH QHWWR\
DJH HW j VD IRUWH SUHVVLRQ G
DSSOLFD
WLRQ
9HUW H[WUpPLWp ODUJH
/
H[WUpPLWp YHUW GX SXOYpULVDWHXU
SXLVVDQW RIIUH XQH JUDQGH SRO\YD
OHQFH JUkFH j VRQ DQJOH GH GHJUpV
2Q O
DSSHOOH O
HPERXW GH ODYDJH
SDUFH TX
LO IRXUQLW XQH SUHVVLRQ DGp
TXDWH SRXU HQOHYHU OD VDOHWp GHV VXUID
FHV PDLV LO HVW FRQoX SRXU QH SDV HQ
GRPPDJHU GH QRPEUHXVHV VXUIDFHV
&HW HPERXW GH SXOYpULVDWHXU SXLVVDQW
HVW FRQoX SRXU © EDOD\HU ª OH IHXLO
ODJH RX OHV GpEULV HQ UDLVRQ GH VRQ
JUDQG DQJOH &HW HPERXW HVW SRO\YD
OHQW JUkFH j VD ODUJH ]RQH GH QHWWR\
DJH HW j VD IRUWH SUHVVLRQ G
DSSOLFD
WLRQ
%ODQF H[WUpPLWp ODUJH
/¶H[WUpPLWp EODQFKH DYHF XQ DQJOH GH
GHJUpV DSSHOpH O¶H[WUpPLWp GX
© YHQWLODWHXU ª FUpH OD ]RQH GH QHW
WR\DJH OD SOXV ODUJH DYHF XQH SUHVVLRQ
UHODWLYHPHQW EDVVH &HW HPERXW GH
SXOYpULVDWHXU SXLVVDQW HVW LGpDO SRXU
OHV DSSOLFDWLRQV GH QHWWR\DJH OpJqUHV
RX GpOLFDWHV ,O HVW UHFRPPDQGp SRXU
OH QHWWR\DJH OpJHU GHV WHUUDVVHV HQ
ERLV HW DXWUHV VXUIDFHV PRXHV RX GpOL
FDWHV
)5