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CABL, =0?@8<5@, ?@54?@8OB85 3>B>28BAO : ?5@5E>4C =0 =>2K5 284K ?@>4C:F88, ?@8 MB>< 2>7<>6=K G5BK@5 @5H5=8O 1 , 2 , 3, 4 :064><C 87 :>B>@KE A>>B25BAB2C5B >?@545;5==K9 284 2K?CA:0 8;8 8E A>G5B0=85. 57C;LB0BK ?@8=OBKE @5H5=89 ACI5AB25==> 7028AOB >B >1AB0=>2:8, :>B>@0O 2 7=0G8B5;L=>9 <5@5 =5>?@545;5==0. CABL 20@80=BK >1AB0=>2:8 E0@0:B5@87C5B AB@C:BC@0 A?@>A0 =0 =>2CN ?@>4C:F8N, :>B>@0O <>65B 1KBL B@5E B8?>2: 1,2, 3. K83@KH, E0@0:B5@87CNI89 >B=>A8B5;L=CN 25;8G8=C @57C;LB0B0 (4>E>4K, ?@81K;L 8 B.?.), A>>B25BAB2CNI89 :064>9 ?0@5 A>G5B0=89 @5H5=89  8 >1AB0=>2:8 , ?@54AB02;5= 2 B01;. 4.3.  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/table13.jpg" \* MERGEFORMATINET  7 B01;. 4.3. 284=>, GB> ?@8 >1AB0=>2:5 3 @5H5=85 2 2 B@8 @070 ;CGH5, G5< 3, 0 @5H5=85 1 =5>48=0:>2> 4;O >1AB0=>2:8 1 8 3 8 B.4. 5>1E>48<> =09B8 B0:CN AB@0B538N (;8=8N ?>2545=8O)  @5H5=85 , :>B>@0O ?> A@02=5=8N A 4@C38<8 O2;O5BAO =081>;55 2K3>4=>9 (F5;5A>>1@07=>9). ;O =0E>645=8O B0:8E @5H5=89 ?@8<5=O5BAO A?5F80;L=K9 ?>:070B5;L ?>B5@L, :>B>@K9 A2845B5;LAB2C5B, =0A:>;L:> 2K3>4=0 ?@8<5=O5<0O =0<8 AB@0B538O 2 40==>9 :>=:@5B=>9 >1AB0=>2:5 A CG5B>< AB5?5=8 55 =5>?@545;5==>AB8. >B5@8 @0AAG8BK20NBAO :0: @07=>ABL <564C >68405<K< @57C;LB0B>< 459AB289 ?@8 =0;8G88 B>G=KE 40==KE >1AB0=>2:8 8 @57C;LB0B><, :>B>@K9 <>65B 1KBL 4>AB83=CB, 5A;8 MB8 40==K5 =5>?@545;5==K. 0?@8<5@, 5A;8 B>G=> 8725AB=>, GB> =0ABC?8B >1AB0=>2:0 1, A;54C5B ?@8=8<0BL @5H5=85 4, :>B>@>5 2 40==>9 >1AB0=>2:5 >15A?5G8B =081>;LH89 2K83@KH  0,80. > ?>A:>;L:C B>G=> =58725AB=>, :0:CN >1AB0=>2:C >6840BL, ?>;030O, GB> =0ABC?8B >1AB0=>2:0 2 <>6=> >AB0=>28BLAO =0 @5H5=88 3, :>B>@>5 ?@8 40==>9 >1AB0=>2:5 405B 2K83@KH 0,82. A;8 <K ?@8=O;8 @5H5=85 3 (2 =045645 =0 >1AB0=>2:C 2), 0 =0ABC?8;0 >1AB0=>2:0 1, B> <K ?>;CG05< 2K83@KH, @02=K9 0,35 (2<5AB> 0,80 ?@8 ?@8=OB88 @5H5=8O 4). "0:8< >1@07><, ?>B5@8 ?@8 ?@8=OB88 @5H5=8O 3 8 =0ABC?;5=88 >1AB0=>2:8 1, (31) A>AB02;ONB 0,80-0,35=0,45.  >1I5< A;CG05 ?>B5@8 ij, A>>B25BAB2CNI85 :064>9 ?0@5 A>G5B0=89 @5H5=89 i 8 >1AB0=>2:8 Qj, >?@545;ONBAO :0: @07=>ABL <564C <0:A8<0;L=K< 2K83@KH5< 8 2K83@KH5< ?> :>=:@5B=><C @5H5=8N ?@8 40==>9 >1AB0=>2:5. "0:, 2 A>>B25BAB288 A 40==K<8 B01;. 4.3, ?@8 >1AB0=>2:5 1 <0:A8<0;L=K9 2K83@KH A>AB02;O5B 0,80, 0 2K83@KH ?> @5H5=8O< 1  4 A>AB02;O5B A>>B25BAB25==>: 0,25; 0,75; 0,35; 0,80. ">340 ?@8 >1AB0=>2:5 1 ?>B5@8 ?>: @5H5=8N 1 (11) A>AB02OB 0,80  0,25 = 0,55 @5H5=8N 2 (21) A>AB02OB 0,80  0,75 = 0,05 @5H5=8N 3 (31) A>AB02OB 0,80  0,35 = 0,45 @5H5=8N 4 (41) A>AB02OB 0,80  0,80 = 0,00. >;CG5==K5 B0:8< >1@07>< ?>B5@8 4;O 2A5E @5H5=89 ?@8 2A5E 20@80=B0E >1AB0=>2:8 ?@54AB02;5=K 2 B01;. 4.4.  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/table14.jpg" \* MERGEFORMATINET  @82545==0O B01;8F0 ?>B5@L ACI5AB25==> 4>?>;=O5B B01;8FC MDD5:B82=>AB8. "0:, >A=>2K20OAL =0 B01;8F5 MDD5:B82=>AB8, <>6=> ?@89B8 : 2K2>4C, GB> @5H5=85 1 ?@8 >1AB0=>2:5 2 @02=>F5==> @5H5=8N 4 ?@8 >1AB0=>2:5 3. 4=0:> 0=0;87 C:070==KE @5H5=89 A 8A?>;L7>20=85< 40==KE B01;8FK 4.4 ?>:07K205B, GB> >=8 A>AB02;ONB A>>B25BAB25==> 0,47 8 0,05. "0:0O ACI5AB25==0O @07=8F0 >1JOA=O5BAO B5<, GB> A?>A>1 @5H5=8O 1 ?@8 >1AB0=>2:5 2 8<55B MDD5:B82=>ABL 0,35, 2 B> 2@5<O :0: ?@8 MB>9 65 >1AB0=>2:5 <>6=> ?>;CG8BL MDD5:B82=>ABL 4> 0,82. 5H5=85 4, ?@8 >1AB0=>2:5 3 @50;87C5B ?>GB8 2AN 2>7<>6=CN MDD5:B82=>ABL 0,35 87 0,40. !;54>20B5;L=>, @5H5=85 1, ?@8 >1AB0=>2:5 2 7=0G8B5;L=> (?>GB8 2 10 @07) EC65, G5< @5H5=85 4 ?@8 >1AB0=>2:5 3 "0:, ?CABL 25@>OB=>ABL ?5@2>3> 20@80=B0 >1AB0=>2:8 1= 0,5, 2B>@>3>  0,3 8 B@5BL53>  0,2, B>340 ?>:070B5;L @8A:0 4;O :064>3> 87 @5H5=89 A>AB028B: R1 = 0,55 " 0,5 + 0,47 " 0,30 + 0,00 " 0,2 = 0,416 R2= 0,05 " 0,5 + 0,62 " 0,3 + 0,10 " 0,2 = 0,231 R3 = 0,45 " 0,5 + 0,00 " 0,3 + 0,30 " 0,2 = 0,285 R4 = 0,00 " 0,5 + 0,72 " 0,3 + 0,05 " 0,2 = 0,226 !;54>20B5;L=>, @5H5=85 4 4;O 40==KE CA;>289 O2;O5BAO =08<5=55 @8A:>20==K<. "0:>9 ?>4E>4 : ?@8=OB8N @5H5=89 2 CA;>28OE @8A:0 ?>72>;O5B ?>;CG8BL ;8HL 25@>OB=>AB=K5 (A@54=52725H5==K5) @57C;LB0BK 0=0;870 2>7<>6=KE 20@80=B>2.  >B45;L=KE A;CG0OE, 2 A8;C 25@>OB=>AB=>3> E0@0:B5@0 M:>=><8G5A:8E ?@>F5AA>2, 2>7<>6=> ?>;CG5=85 @57C;LB0B>2, >B;8G=KE >B ?;0=8@C5<KE (?@8=OBKE =0 >A=>25 @0AA<>B@5==>3> ?>4E>40). <5AB5 A B5< 8A?>;L7>20=85 @0AA<>B@5==>3> <5B>40 7=0G8B5;L=> ?>2KH05B AB5?5=L 4>AB>25@=>AB8 >F5=>: 8 @57C;LB0B>2 ?> A@02=5=8N A ?>4E>40<8 : ?@8=OB8N @5H5=89 157 :>;8G5AB25==>9 >F5=:8 20@80=B>2. >6=> A C25@5==>ABLN A:070BL, GB> ?@8 8A?>;L7>20=88 C:070==>3> ?>4E>40 C;CGH5=85 @57C;LB0B>2 4>AB8305BAO ?>A@54AB2>< A>:@0I5=8O :>;8G5AB20 =5C40G=KE 8AE>4>2 2 G8A;5 <=>3>:@0B=KE E>7O9AB25==KE F8:;>2. @8 ?@8=OB88 @5H5=89 2 CA;>28OE =5>?@545;5==>AB8, :>340 25@>OB=>AB8 2>7<>6=KE 20@80=B>2 >1AB0=>2:8 =58725AB=K, <>3CB 1KBL 8A?>;L7>20=K @O4 :@8B5@852, 2K1>@ :064>3> 87 :>B>@KE, =0@O4C A E0@0:B5@>< @5H05<>9 7040G8, ?>AB02;5==KE F5;52KE CAB0=>2>: 8 >3@0=8G5=89, 7028A8B B0:65 >B A:;>==>AB8 : @8A:C ;8F, ?@8=8<0NI8E @5H5=8O.  G8A;C :;0AA8G5A:8E :@8B5@852, :>B>@K5 8A?>;L7CNBAO ?@8 ?@8=OB88 @5H5=89 2 CA;>28OE =5>?@545;5==>AB8, <>6=> >B=5AB8: - ?@8=F8? =54>AB0B>G=>3> >1>A=>20=8O 0?;0AA0 - <0:A8<8==K9 :@8B5@89 0;L40 - <8=8<0:A=K9 :@8B5@89 !M28460 - :@8B5@89 >1>1I5==>3> <0:A8<8=0 (?5AA8<87<0->?B8<87<0) C@28F0. @8=F8? =54>AB0B>G=>3> >1>A=>20=8O 0?;0AA0 8A?>;L7C5BAO 2 A;CG05, 5A;8 <>6=> ?@54?>;>68BL, GB> ;N1>9 87 20@80=B>2 >1AB0=>2:8 =5 1>;55 25@>OB5= G5< 4@C3>9. ">340 25@>OB=>AB8 >1AB0=>2:8 <>6=> AG8B0BL @02=K<8 8 ?@>872>48BL 2K1>@ @5H5=8O B0: 65, :0: 8 2 CA;>28OE @8A:0  ?> <8=8<C<C A@54=52725H5==>3> ?>:070B5;O @8A:0. ". 5. ?@54?>GB5=85 A;54C5B >B40BL 20@80=BC, :>B>@K9 >15A?5G8205B <8=8<C< 2 2K@065=88:  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/formula26.jpg" \* MERGEFORMATINET  345 n  :>;8G5AB2> @0AA<0B@8205<KE 20@80=B>2 >1AB0=>2:8/ 0AA<>B@8< 2K1>@ 20@80=B>2 2 CA;>28OE =5>?@545;5==>AB8 A 8A?>;L7>20=85< ?@8=F8?0 =54>AB0B>G=>3> >1>A=>20=8O 0?;0AA0 =0 8AE>4=KE 40==KE ?@82545==>3> 2 B01;8F5 4.3. @8 CG5B5 B@5E 20@80=B>2 >1AB0=>2:8 (n = 3) 25@>OB=>ABL :064>3> 20@80=B0 A>AB02;O5B 0,33. ">340, A CG5B>< ?@82545==KE 40==KE > ?>B5@OE 4;O :064>9 ?0@K A>G5B0=89 @5H5=89  8 >1AB0=>2:8  (B01;. 4.4) 8 25@>OB=>AB8 :064>3> 20@80=B0 >1AB0=>2:8, @02=>9 0,33, A@54=52725H5==K9 ?>:070B5;L @8A:0 4;O :064>3> 87 @5H5=89 1C45B A>AB02;OBL: R1 = 0,55 " 0,33 + 0,47 " 0,33 + 0,00 " 0,33 = 0,3366 R2= 0,05 " 0,33 + 0,62 " 0,33 + 0,10 " 0,33 = 0,2541 R3 = 0,45 " 0,33 + 0,00 " 0,33 + 0,3 " 0,33 = 0,2475 R4= 0,00 . 0,33 + 0,72 " 0,33 + 0,05 " 0,33 = 0,2541  :0G5AB25 >?B8<0;L=>3> A;54C5B 2K1@0BL 20@80=B @5H5=8O 3 0: 2848<, 2 8AE>4=>< ?@8<5@5 =08;CGH8< A B>G:8 7@5=8O ?@8=OB>3> :@8B5@8O (A@54=52725H5==>3> ?>:070B5;O @8A:0) 1K;> @5H5=85 4. "0:8< >1@07><, 87<5=5=85 25@>OB=>AB8 =0ABC?;5=8O 20@80=B>2 >1AB0=>2:8 ?@825;> : 87<5=5=8N 20@80=B0 @5H5=8O, :>B>@><C A;54C5B >B40BL ?@54?>GB5=85. 0:A8<8==K9 :@8B5@89 0;L40 8A?>;L7C5BAO 2 A;CG0OE, :>340 B@51C5BAO 30@0=B8O, GB>1K 2K83@KH 2 ;N1KE CA;>28OE >:07K20;AO =5 <5=55, G5< =081>;LH89 87 2>7<>6=KE 2 EC4H8E CA;>28OE. 08;CGH8< @5H5=85< 1C45B B>, 4;O :>B>@>3> 2K83@KH >:065BAO <0:A8<0;L=K< 87 2A5E <8=8<0;L=KE ?@8 @07;8G=KE 20@80=B0E CA;>289. @8B5@89, 8A?>;L7C5<K9 ?@8 B0:>< ?>4E>45, ?>;CG8; =0720=85 <0:A8<8=0. 3> D>@<0;87>20==>5 2K@065=85:  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/formula27.jpg" \* MERGEFORMATINET  0: 2848<, 2 :0G5AB25 8AE>4=KE 40==KE ?@8 2K1>@5 20@80=B>2 @5H5=89 ?> :@8B5@8N 0;L40 O2;ONBAO 2K83@KH8 0ij, A>>B25BAB2CNI85 :064>9 ?0@5 A>G5B0=89 @5H5=89  8 >1AB0=>2:8 . >A?>;L7C5<AO ?@82545==K< @0=55 ?@8<5@>< (2 G0AB=>AB8, <0B@8F59 MDD5:B82=>AB8 @5H5=89, ?@54AB02;5==>9 2 B01;. 4.3) 4;O 8;;NAB@0F88 2K1>@0 >?B8<0;L=>3> 20@80=B0 ?> :@8B5@8N 0;L40. 8=8<0;L=0O >B40G0 ?> 20@80=B0< 2K45;5=0 :@0A=K< H@8DB>< 2 B01;8F5 4.5. 7 B01;. 4.5. A;54C5B, GB> <0:A8<0;L=K9 87 <8=8<0;L=KE @57C;LB0B>2 @025= 0,25 8, A;54>20B5;L=>, ?@54?>GB5=85 =5>1E>48<> >B40BL 20@80=BC 1 >15A?5G820NI5<C MB>B @57C;LB0B. -B> <0:A8<0;L=K9 30@0=B8@>20==K9 @57C;LB0B (2K83@KH), :>B>@K9 <>65B 1KBL ?>;CG5= 2 CA;>28OE 8<5NI8EAO 8AE>4=KE 40==KE. K1@02 @5H5=85 1 <K =57028A8<> >B 20@80=B>2 >1AB0=>2:8 ?>;CG8< 2K83@KH =5 <5=55 0,25. @8 ;N1>< 4@C3>< @5H5=88, 2 A;CG05 =51;03>?@8OB=>9 >1AB0=>2:8, <>65B 1KBL ?>;CG5= @57C;LB0B (2K83@KH) <5=LH5 0,25.  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/table15.jpg" \* MERGEFORMATINET  "0:, ?@8 2K1>@5 @5H5=8O 2 ?>;CG5==K9 2K83@KH, 2 7028A8<>AB8 >B =0ABC?82H53> 20@80=B0 >1AB0=>2:8, 1C45B :>;510BLAO >B 0,2 4> 0,75. ;O @5H5=89 3 8 4 3@0=8FK, 2 :>B>@KE 1C45B :>;510BLAO 2K83@KH, A>AB02OB A>>B25BAB25==> 0,10 INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/del.jpg" \* MERGEFORMATINET  0,82 8 0,20 INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/del.jpg" \* MERGEFORMATINET  0,80. 0==K9 :@8B5@89 ?@>AB 8 G5B>:, => :>=A5@20B825= 2 B>< A<KA;5, GB> >@85=B8@C5B ?@8=8<0NI53> @5H5=85 =0 A;8H:>< >AB>@>6=CN ;8=8N ?>2545=8O. "0:, MB>B :@8B5@89 =8:0: =5 CG8BK205B, GB> 2 A;CG05 ?@8=OB8O @5H5=8O 1, (B.5. ?@8 >@85=B0F88 =0 2K83@KH 0,25), <0:A8<0;L=K9 2K83@KH =5 ?@52KH05B 0,4.  B> 2@5<O :0: 2K18@0O, =0?@8<5@, @5H5=85 4, ?@8 30@0=B8@>20==>< 2K83@KH5 0,20 2 A;CG05 1;03>?@8OB=>9 >1AB0=>2:8 <>6=> ?>;CG8BL 2K83@KH, @02=K9 0,80. >MB><C :@8B5@85< 0;L40, 3;02=K< >1@07><, ?>;L7CNBAO 2 A;CG0OE, :>340 =5>1E>48<> >15A?5G8BL CA?5E ?@8 ;N1KE 2>7<>6=KE CA;>28OE. 8=8<0:A=K9 :@8B5@89 !M28460 8A?>;L7C5BAO 2 B5E A;CG0OE, :>340 B@51C5BAO 2 ;N1KE CA;>28OE 871560BL 1>;LH>3> @8A:0;  A>>B25BAB288 A MB8< :@8B5@85< ?@54?>GB5=85 A;54C5B >B40BL @5H5=8N, 4;O :>B>@>3> ?>B5@8 <0:A8<0;L=K5 ?@8 @07;8G=KE 20@80=B0E CA;>289 >:06CBAO <8=8<0;L=K<8. 3> D>@<0;87>20==>5 2K@065=85  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/formula28.jpg" \* MERGEFORMATINET  345 ij,  ?>B5@8, A>>B25BAB2CNI85 i-<C @5H5=8N ?@8 j-< 20@80=B5 >1AB0=>2:8. -B>B :@8B5@89 B0:65 >B=>A8BAO : @07@O4C >AB>@>6=KE. 4=0:>, 2 >B;8G85 >B :@8B5@8O 0;L40, :>B>@K9 =0?@02;5= =0 ?>;CG5=85 30@0=B8@>20==>3> 2K83@KH0, :@8B5@89 !M28460 <8=8<878@C5B 2>7<>6=K5 ?>B5@8. 45AL 2 :0G5AB25 8AE>4=KE 40==KE ?@8 2K1>@5 @5H5=89 2KABC?0NB ?>B5@8 (ij), A>>B25BAB2CNI85 :064>9 ?0@5 A>G5B0=89 @5H5=89  8 >1AB0=>2:8 . ;O 8;;NAB@0F88 2K1>@0 ?> :@8B5@8N !M28460 2>A?>;L7C5<AO ?@82545==K< 2KH5 ?@8<5@>< (2 G0AB=>AB8, <0B@8F59 ?>B5@L, ?@54AB02;5==>9 2 B01;. 5.3). 0:A8<0;L=K5 ?>B5@8 ?> 20@80=B0< 2K45;5=K 68@=K< H@8DB>< 2 B01;8F5 4.6.  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".5. ?@8 =0ABC?;5=88 ?5AA8<8AB8G5A:>9 A8BC0F88 ?@54?>GB8B5;L=K< O2;O5BAO ?@>5:B . 0AAG8B05< 7=0G5=8O INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET 0 , INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET 1,  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET ,  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET :  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/formula30.jpg" \* MERGEFORMATINET  5B@C4=> C1548BAO, GB> INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET 0 = INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET 1= 320,  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET  =127,  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET  =185. @8 >48=0:>2KE A@54=8E >68405<KE 4>E>40E :>;51;5<>ABL 2>7<>6=>3> @57C;LB0B0 2 ?@>5:B5  1>;LH5, B.5. @8A: ?@>5:B0  =865, G5< ?@>5:B0 .  @0AA<>B@5==>< =0<8 ?@8<5@5 INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET 0 = INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET 1,  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET  <  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET  >6=> ?@825AB8 5I5 @O4 A>>B=>H5=89, :>340 A@02=5=85 INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET 8 INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET  ?>72>;O5B 2K1@0BL <5=55 @8A:>20==K9 20@80=B: "0:, ?@54?>GB5=85 4>;6=> 1KBL >B40=> 20@80=BC  2 A8BC0F8OE:  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/formula31.jpg" \* MERGEFORMATINET  @54?>GB5=85 20@80=BC  A;54C5B >B40BL ?@8  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/formula32.jpg" \* MERGEFORMATINET   >1I5< A;CG05, :>340  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/formula33.jpg" \* MERGEFORMATINET  2 ;8B5@0BC@5 =5B 548=>3> <=5=8O > ?>@O4:5 2K1>@0 <5=55 @8A:>20==>3> ?@>5:B0. @8 MB>< <>6=> 2K45;8BL 420 ?>4E>40. !>3;0A=> ?5@2><C  2 ?>4>1=>9 A8BC0F88 .... >4=>7=0G=>3> @07C<=>3> @5H5=8O =5B. =25AB>@ <>65B ?@54?>G5ABL 20@80=B A 1>;LH8< >68405<K< 4>E>4><, A2O70==K<, >4=0:>, A 1>;LH8< @8A:><, ;81> 20@80=B A <5=LH8< >68405<K< 4>E>4><, => 1>;55 30@0=B8@>20==K< 8 <5=55 @8A:>20==K<. !B>@>==8:8 2B>@>3> ?>4E>40 AG8B0NB, GB> 2 ?>4>1=>9 A8BC0F88 ?@54?>GB5=85 A;54C5B >B40BL ?@>5:BC, :>B>@K9 E0@0:B5@87C5BAO <5=LH8< :>MDD8F85=B>< 20@80F88 (V = INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET  /  INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET ) 8, :0: A;54AB285, >15A?5G8205B 1>;55 1;03>?@8OB=>5 A>>B=>H5=85 @8A:0 ( INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/q.jpg" \* MERGEFORMATINET ) 8 4>E>40 ( INCLUDEPICTURE "http://www.iesmgus.com/distant/ORS_FINAL/file/img/X-.jpg" \* MERGEFORMATINET ). 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