03$
$33/,&$7,21 127(6
9
''
9
&&
'LJLWDO
,Q
9
5()
9
''
5
)%
,
287
,
287
*1'
ï
$
9
9
%,$6
9
287
RXWSXW YROWDJH VZLQJ FDQ EH GHILQHG $ ORZ LPSHGDQFH UHIHU
HQFH ELDV YROWDJH LV QHHGHG 8QOLNH WKH YROWDJH VZLWFKLQJ PRGH
ZKLFK KDV D PLQLPXP RXWSXW YROWDJH RI 9 WKH FXUUHQW VWHHULQJ
PRGH DOORZV IRU RXWSXW VZLQJV WKDW GR QRW KDYH WR DSSURDFK WKH
UDLO YROWDJHV 7KH GHVFULELQJ HTXDWLRQ IRU WKLV FRQILJXUDWLRQ LV
03$
9
287
'
9
%,$6
9
,1
9
%,$6
ZKHUH
9
'
GHFLPDO HTXLYDOHQW RI WKH '$& GLJLWDO LQSXW FRGH
)LJXUH 6LQJOH 6XSSO\ 2SHUDWLRQ
ZLWK 9 WR 9 6ZLQJ
7KH 55 ODGGHU WHUPLQDWLRQ UHVLVWRU RQ WKH 03$ LV LQ
WHUQDOO\ FRQQHFWHG WR ,
287
LQVWHDG RI JURXQG DV LQ WKH 03
287
LV ELDVHG DERYH JURXQG OHY
7KLV FRQILJXUDWLRQ DOORZV WKH XVH RI WKH '$& LQ WKH VLQJOH VXSSO\
FXUUHQW VWHHULQJ PRGH ZKHUH ,
HO
)LJXUH VKRZV WKH JHQHUDOL]HG FRQILJXUDWLRQ
OLQHDULW\
9
,1
LV D ELSRODU LQSXW YROWDJH
%\ FKRRVLQJ WKH SURSHU 9
%,$6
DQG 9
,1
WKH RXWSXW YROWDJH FDQ
EH VHW LQ WKH UDQJH EHWZHHQ 9
%,$6
DQG 9
%,$6
ï 9
,1
)RU H[DP
SOH IRU 9
''
9 9
&&
9 VHOHFW 9
,1
9 DQG 9
%,$6
9 7KLV ZLOO UHVXOW LQ D VZLQJ RI 9 WR 9
%,$6
LV D YROWDJH UHIHUHQFH 9
{
9
%,$6
{
9 IRU EHVW
9
,1
'LJLWDO
,Q
9
''
9
&&
$$
$GGUHVV %XV
'HFRGH
/RJLF
9
5()
9
''
03$
5
)%
,
287
,
287
9
287
$/(
:5
/DWFK
ï
9
%,$6
03$
&6
:5
,
*1'
&%
,
&%
'%'%
$'$'
$GGUHVV'DWD %XV
)LJXUH 6LQJOH 6XSSO\ 2SHUDWLRQ
LQ &XUUHQW 6ZLWFKLQJ 0RGH
7KH DGYDQWDJH RI WKLV VLQJOH VXSSO\ FRQILJXUDWLRQ RYHU WKH
YROWDJH VZLWFKLQJ PRGH LV WKH JUHDWHU IOH[LELOLW\ ZLWK ZKLFK WKH
)LJXUH 0LFURFRQWUROOHU ,QWHUIDFH
5HY