• Aucun résultat trouvé

&RPPHQWDLUHVG·H[SHUW-&RUFRV 5&DUHPHO 7pWUDSOpJLHHWWR[LQHERWXOLTXH

N/A
N/A
Protected

Academic year: 2022

Partager "&RPPHQWDLUHVG·H[SHUW-&RUFRV 5&DUHPHO 7pWUDSOpJLHHWWR[LQHERWXOLTXH"

Copied!
4
0
0

Texte intégral

(1)

3URJUqVHQXURORJLH

‹(OVHYLHU0DVVRQ6$67RXVGURLWVUpVHUYpV

&$6&/,1,48(1ƒ

7pWUDSOpJLHHWWR[LQHERWXOLTXH

5&DUHPHO

6HUYLFHG·XURORJLH&+8GH5RXHQUXHGH*HUPRQW5RXHQ)UDQFH

&RPPHQWDLUHVG·H[SHUW-&RUFRV

3URIHVVHXUGHFKLUXUJLHXURORJLHjO·8QLYHUVLWp0F*LOOGLUHFWHXUGHO·XQLWpG·XURORJLH GHO·+{SLWDO6KULQHUVHWGLUHFWHXUGHO·XQLWpG·XURORJLHGHO·,QVWLWXWGHUpKDELOLWDWLRQ GH0RQWUpDO&DQDGD

&DVFOLQLTXH

$QDPQqVH

3DWLHQWkJpGHDQVWpWUDSOpJLTXH&&$6,$$SRVWWUDXPD WLTXHGDQVOHVVXLWHVG·XQ$93HQPRWRLO\DPRLV6RQPRGH PLFWLRQQHODFWXHOHVWjDXWRVRQGDJHVSDUMRXU,OQ·DMDPDLV SUpVHQWpG·pSLVRGHVG·LQIHFWLRQXULQDLUHIpEULOH,OYLWHQFRXSOH HWLOVGpVLUHQWXQHQIDQW,OFRQVHUYHGHVpUHFWLRQVUpÁH[HV

0RWLIGHFRQVXOWDWLRQ

$GUHVVpSDUOHVHUYLFHGHPpGHFLQHSK\VLTXHHWGHUpD GDSWDWLRQ035SRXULQMHFWLRQGHWR[LQHERWXOLTXHFDU LOHVWJrQpGHSXLVTXHOTXHVPRLVSDUGHVIXLWHVHQWUHVHV DXWRVRQGDJHVHWGHVPDQLIHVWDWLRQVG·K\SHUUpÁH[LHDXWR QRPH+5$PDOJUpXQWUDLWHPHQWSDUFKORUXUHGHWURVSLXP FRPSULPpPJIRLVSDUMRXU8QWUDLWHPHQWSDU R[\EXW\QLQPJIRLVSDUMRXUDpWpDUUrWpjFDXVHG·XQH SHUWHG·HIÀFDFLWpHWG·HIIHWVVHFRQGDLUHVERXFKHVqFKHHW FRQVWLSDWLRQ9RXVGLVSRVH]GXELODQXURG\QDPLTXH%8' GDQVOHFDGUHGHVRQELODQSUpLQMHFWLRQGHWR[LQHERWXOLTXH

$XWHXUFRUUHVSRQGDQW

$GUHVVHHPDLOURPDLQFDUHPHO#RUDQJHIU5&DUHPHO

4XHVWLRQV

UH

TXHVWLRQ

,QWHUSUpWH]OH%8')LJ4XHSHQVH]YRXVGHO·LQGLFDWLRQ G·LQMHFWLRQLQWUDGpWUXVRULHQQHGHWR[LQHERWXOLTXHFKH]FH SDWLHQW"

)LJXUH([DPHQXURG\QDPLTXH

(2)

&DVFOLQLTXHQƒ7pWUDSOpJLHHWWR[LQHERWXOLTXH

H

TXHVWLRQ

/HSDWLHQWEpQpÀFLHG·XQHLQMHFWLRQG·RQDERWXOLQXPWR[LQ$

jODGRVHGH8HQSRLQWVVRXVDQHVWKpVLHORFDOH/H WUDLWHPHQWDQWLFKROLQHUJLTXHHVWDUUrWp

4XDQGHWFRPPHQWpYDOXHUH]YRXVOHVUpVXOWDWVGHFHWWH UHLQMHFWLRQGHWR[LQHERWXOLTXH"

H

TXHVWLRQ

­PRLVGHVDUHLQMHFWLRQGHWR[LQHERWXOLTXHOHSDWLHQW VHGLW©SHXVDWLVIDLWªGHVRQPRGHPLFWLRQQHODFWXHODYHF ODSHUVLVWDQFHGHIXLWHHQWUHVHVDXWRVRQGDJHVHWGHVPDQL IHVWDWLRQVG·+5$/H%8'UpDOLVpjPRLVSRVWLQMHFWLRQHVW TXDVLVXSHUSRVDEOHjFHOXLUpDOLVpDYDQWO·LQMHFWLRQ

4XHOOHSULVHHQFKDUJHWKpUDSHXWLTXHSURSRVH]YRXV"

H

TXHVWLRQ

9RXVGpFLGH]ÀQDOHPHQWGHUpDOLVHUXQHHLQMHFWLRQSUpFRFH G·RQDERWXOLQXPWR[LQ$8HQSRLQWVjPRLVGHOD UHLQMHFWLRQ/HSDWLHQWQHVHGLWWRXMRXUVSDVVDWLVIDLWGH VRQPRGHPLFWLRQQHODYHFODPrPHV\PSWRPDWRORJLHLQLWLDOH 9RXVGLVSRVH]GX%8'UpDOLVpjPRLVGHODHLQMHFWLRQGH WR[LQH)LJ

4XHOOHSULVHHQFKDUJHWKpUDSHXWLTXHSURSRVH]YRXV"

H

TXHVWLRQ

)LQDOHPHQWDSUqVDYLVGHOD5&3GHQHXURXURORJLHYRXV GpFLGH]GHUpDOLVHUXQHHLQMHFWLRQG·DERERWXOLQXPWR[LQ$

8,HQSRLQWV/RUVGHFHWWHQRXYHOOHLQMHFWLRQOH SDWLHQWVHSODLQWGHFpSKDOpHHWGHVXHXUDYHFKRUULSLODWLRQ GDQVOHVPLQXWHVTXLVXLYHQWO·LQWURGXFWLRQGXF\VWRVFRSH

4XHOV VRQW YRWUH GLDJQRVWLF HW YRWUH SULVH HQ FKDUJH LPPpGLDWH"

H

TXHVWLRQ

4XHOOHVSULVHVHQFKDUJHWKpUDSHXWLTXHVSRXYH]YRXV SURSRVHUjFHSDWLHQWQRQUpSRQGHXUjODWR[LQHERWXOLTXH"

5pSRQVHV 5pSRQVH

/DF\VWRPDQRPpWULHPRQWUHXQHYHVVLHGHFDSDFLWpWUqV GLPLQXpH GH FRPSOLDQFH GLPLQXpH $SSDULWLRQ G·XQH FRQWUDFWLRQQRQLQKLEpHGXGpWUXVRUGqVPOGHUHPSOLV VDJHTXLFRUUHVSRQGDXSUHPLHUEHVRLQDYHFGHVSUHVVLRQV UDSLGHPHQWFURLVVDQWHVDWWHLJQDQWFPG·HDX/·DFWLYLWp pOHFWURP\RJUDSKLTXHGXVSKLQFWHUVWULpQ·HVWSDVHQUHJLVWUpH VXUFH%8'

)LJXUH([DPHQYLGpRXURG\QDPLTXH

(3)

5&DUHPHOHWDO

,OV·DJLWG·XQHERQQHLQGLFDWLRQG·XQWUDLWHPHQWSDUWR[LQH ERWXOLTXH$K\SHUDFWLYLWpYpVLFDOHQHXURJqQHUpIUDFWDLUHDX[

DQWLFKROLQHUJLTXHVFKH]XQSDWLHQWDX[DXWRVRQGDJHV 5HPDUTXHO·RQDERWXOLQXPWR[LQ$DO·$00HQXURORJLH GHSXLVDYULOGDQVFHWWHLQGLFDWLRQ

5pSRQVH

/·pYDOXDWLRQ VHUD UpDOLVpH HQWUH HW VHPDLQHV DSUqV O·LQMHFWLRQGHWR[LQH

'DQVOHVLQGLFDWLRQVQHXURJqQHVRUJDQLTXHVOHSDWLHQW HVWGLW©UpSRQGHXUªVLOHVFULWqUHVG·HIÀFDFLWpFOLQLTXHHW XURG\QDPLTXHVRQWVDWLVIDLWV>@

eYDOXDWLRQFOLQLTXH

/HVFULWqUHVG·HIÀFDFLWpVRQWXQHDPpOLRUDWLRQIRQFWLRQQHOOH GHSOXVGHGXFULWqUHSUpWKpUDSHXWLTXHSDUDQDO\VH

‡ GXFDWDORJXHPLFWLRQQHOVXUKHXUHV

‡ GXVFRUHGHVV\PSW{PHVXULQDLUHVHWGHTXDOLWpGHYLH

‡ GXQRPEUHHWGHODIUpTXHQFHGHVLQIHFWLRQVXULQDLUHV GHVPDQLIHVWDWLRQVG·+5$

‡ GHODWROpUDQFHHIIHWVVHFRQGDLUHVLQGpVLUDEOHVFRPSOLFD WLRQVOLpHVjO·LQMHFWLRQFRQIRUWGHO·LQMHFWLRQDQHVWKpVLH eYDOXDWLRQXURG\QDPLTXH

/HVFULWqUHVG·HIÀFDFLWpVRQWODGLVSDULWLRQGHVFRQWUDFWLRQV DPSOHVGXGpWUXVRUDYHFO·DEVHQFHGHWURXEOHVGHFRPSOLDQFH HWGHVSUHVVLRQVGXGpWUXVRULQIpULHXUHVjFP+2MXVTX·DX YROXPHGHVRQGDJHFRPSULVHQWUHHWPO

5pSRQVH

,OH[LVWHXQpFKHFWKpUDSHXWLTXHGHO·LQMHFWLRQLQWUDGpWUX VRULHQQHGHWR[LQHERWXOLTXH

‡ pFKHFFOLQLTXHDYHFDEVHQFHG·DPpOLRUDWLRQGHSOXVGH GHODV\PSWRPDWRORJLHLQLWLDOH

‡ pFKHFXURG\QDPLTXH

,OSRXUUDrWUHSURSRVpXQHGHX[LqPHLQMHFWLRQSUpFRFH G·RQDERWXOLQXPWR[LQ$jPRLVjODPrPHGRVHRXjXQH GRVHSOXVpOHYpH(OOHQHGHYUDSDVGpSDVVHU8,HWrWUH pYDOXpHHQWUHHWVHPDLQHVDYHFXQHF\VWRPDQRPpWULH

5pSRQVH

,OH[LVWHXQpFKHFFOLQLTXHHWXURG\QDPLTXHjPRLVGHFHWWH GHX[LqPHLQMHFWLRQGHWR[LQHERWXOLTXH/DF\VWRPDQRPpWULH HVWTXDVLVXSHUSRVDEOHjODSUHPLqUH(OOHPRQWUHXQHYHVVLH GHIDLEOHFDSDFLWpK\SRFRPSOLDQWHHWK\SHUDFWLYHDYHFXQH FRQWUDFWLRQQRQLQKLEpHGXGpWUXVRUGqVPOGHUHPSOLV VDJHDWWHLJQDQWGHVSUHVVLRQVpOHYpHVFPG·HDX/H FOLFKpG·$63HQYLGpRXURG\QDPLTXHPRQWUHXQHSHWLWHYHVVLH FUpQHOpHDYHFXQHG\VV\QHUJLHYpVLFRVSKLQFWpULHQQHVWULpH

/DFRQGXLWHjWHQLUSRXUUDrWUHGH

‡ YpULÀHUO·DEVHQFHG·pSLQHLUULWDWLYHOLWKLDVHWXPHXU RXFRUSVpWUDQJHULQWUDYpVLFDOFRQVWLSDWLRQLQIHFWLRQ XULQDLUHHVFDUUH«

‡ SUHVFULUH XQ WUDLWHPHQW PpGLFDO GH O·+5$ SDU XQH EHQ]RGLD]pSLQH GLD]HSDP RX SDU XQ QHXUROHSWLTXH FKORUSURPD]LQHFKORUK\GUDWH

‡ FKDQJHURXDXJPHQWHUODGRVHG·DQWLFKROLQHUJLTXHHQ O·DEVHQFHG·HIIHWVVHFRQGDLUHVSRXUHVVD\HUGHSRWHQ WLDOLVHUO·DFWLRQGHODWR[LQHHWDXJPHQWHUOHQRPEUH G·DXWRVRQGDJHVSDUKHXUHV

‡ GLVFXWHUHQ5&3GHQHXURXURORJLHXQHQRXYHOOHLQMHFWLRQ GHWR[LQHERWXOLTXHjXQHGRVHSOXVpOHYpHFKDQJHUGH WR[LQHERWXOLTXH$RXXQHDOWHUQDWLYHWKpUDSHXWLTXHj ODWR[LQH

5pSRQVH

,OV·DJLWG·XQH+5$/·+5$FRUUHVSRQGjXQHK\SHUDFWLYLWp V\PSDWKLTXHHQUpSRQVHjGHVVWLPXOLVRXVOpVLRQQHOVFKH]

OHVEOHVVpVPpGXOODLUHVD\DQWXQHOpVLRQDXGHVVXVGH7/D FRQGXLWHjWHQLUHQXUJHQFHHVWO·DUUrWGHODSURFpGXUHOH IDFWHXUGpFOHQFKDQWpWDQWODF\VWRVFRSLHHWODYLGDQJHGH ODYHVVLH/HPRQLWRUDJHGHODWHQVLRQDUWpULHOOHUHFKHUFKHUD XQHSRXVVpHK\SHUWHQVLYHTXLVHUDWUDLWpHSDUO·DGPLQLV WUDWLRQG·XQLQKLELWHXUFDOFLTXHQLIpGLSLQHFSGHPJ VXEOLQJXDOH>@

5pSRQVH

'LVFXVVLRQGXGRVVLHUHQUpXQLRQGHFRQFHUWDWLRQSOXULGLVFL SOLQDLUHGHQHXURXURORJLH

,QGLFDWLRQjXQHDOWHUQDWLYHWKpUDSHXWLTXHjO·LQMHFWLRQ LQWUDGpWUXVRULHQQH GH WR[LQH ERWXOLTXH GHYDQW O·pFKHF FOLQLTXHHWXURG\QDPLTXH

/HVDOWHUQDWLYHVWKpUDSHXWLTXHVjGLVFXWHUVRQWDXQRPEUH GHTXDWUH

8QHF\VWHFWRPLHVXVWULJRQDOHDYHFHQWpURF\VWRSODVWLH G·DJUDQGLVVHPHQWTXLVHPEOHrWUHODPHLOOHXUHDOWHUQDWLYH SXLVTXHOHSDWLHQWV·DXWRVRQGHGpMj/DF\VWHFWRPLHVXV WULJRQDOH DXUD SRXU DYDQWDJH GH FRQVHUYHU OD UpJLRQ GX WULJRQHSDVGHUpLPSODQWDWLRQXUpWpUDOHHWDXWRVRQGDJHSDU O·XUqWUHQDWLI/·LQFRQYpQLHQWHVWOHULVTXHG·K\SHUDFWLYLWp GpWUXVRULHQQHUpIUDFWDLUH

8QHLQFRQWLQHQWDWLRQDSUqVXQWHVWWKpUDSHXWLTXHSDU HQGRSURWKqVHXUpWUDOHWHPSRUDLUH/·LQFRQYpQLHQWPDMHXU HVWIRQFWLRQQHOFKH]FHMHXQHSDWLHQWTXLVHUDDSSDUHLOOp HQSHUPDQHQFHSDUXQpWXLSpQLHQDORUVTX·LOHVWFDSDEOH GHV·DXWRVRQGHU/DVSKLQFWpURWRPLHFKLUXUJLFDOHDSRXU LQFRQYpQLHQWSULQFLSDOVRQFDUDFWqUHLUUpYHUVLEOH/DVSKLQF WpURWRPLHSURWKpWLTXHSHXWVHFRPSOLTXHUG·+5$GHQRYR RXPDMRUHUFHOOHTXLSUpH[LVWH,OH[LVWHXQULVTXHWKpRULTXH G·REVWUXFWLRQGHVFDQDX[pMDFXODWHXUVFKH]FHSDWLHQWMHXQH DYHFXQGpVLUGHSDWHUQLWp>@

8QHQHXURPRGXODWLRQGHVUDFLQHVVDFUpHVSRXUUDrWUH GLVFXWpH FKH] FH SDWLHQW DYDQW XQH HQWpURF\VWRSODVWLH G·DJUDQGLVVHPHQW &HSHQGDQW OHV SDWLHQWV DYHF GHV OpVLRQVPpGXOODLUHVFRPSOqWHVVRQWGHPDXYDLVFDQGLGDWV j OD QHXURPRGXODWLRQ VDFUpH >@ /H SURQRVWLF UpQDO j ORQJ WHUPH HVW FRQGLWLRQQp SDU XQ UpJLPH GH SUHVVLRQ LQWUDYpVLFDOHEDVTXLGHYUDGRQFrWUHREWHQXVLFHFKRL[

WKpUDSHXWLTXHHVWIDLW

8QHQHXURVWLPXODWLRQGH%ULQGOH\O·LQFRQYpQLHQWPDMHXU HVWODSHUWHGHVpUHFWLRQVUpÁH[HVFKH]FHSDWLHQWMHXQH>@

(4)

&DVFOLQLTXHQƒ7pWUDSOpJLHHWWR[LQHERWXOLTXH

/LHQVG·LQWpUrWV

5&DUHPHODGpFODUpQ·DYRLUDXFXQOLHQG·LQWpUrWVSRXU FHWDUWLFOH

-&RUFRVQ·DSDVWUDQVPLVVHVOLHQVG·LQWpUrWV

5pIpUHQFHV

>@ 3HUURXLQ9HUEH%5XIÀRQ$*DPp;'HQ\V3.HUGUDRQ- .DUVHQW\ * HW DO &ULWHULD DQG EHVW FOLQLFDO SUDFWLFH JXL GHOLQHVIRUÀUVWLQWUDGHWUXVRULQMHFWLRQRIERWXOLQXPWR[LQ W\SH$WRWUHDWQHXURJHQLFGHWUXVRURYHUDFWLYLW\3URJ8URO

>@ &RXUWRLV)5RGULJXH;&{Wp,%RXOHW09p]LQD-*&KDUYLHU .HWDO6H[XDOIXQFWLRQDQGDXWRQRPLFG\VUHÁH[LDLQPHQ

ZLWKVSLQDOFRUGLQMXULHVKRZVKRXOGZHWUHDW"6SLQDO&RUG

>@ 0DKIRX]:&RUFRV-0DQDJHPHQWRIGHWUXVRUH[WHUQDOVSKLQF WHUG\VV\QHUJLDLQQHXURJHQLFEODGGHU(XU-3K\V5HKDELO0HG

>@ 6FKHHSHQV:$-RQJHQ001LHPDQ)+GH%LH5$:HLO(+

YDQ.HUUHEURHFN3(3UHGLFWLYHIDFWRUVIRUVDFUDOQHXURPR GXODWLRQLQFKURQLFORZHUXULQDU\WUDFWG\VIXQFWLRQ-8URO

>@ %ULQGOH\*65XVKWRQ'1/RQJWHUPIROORZXSRISDWLHQWV ZLWK VDFUDO DQWHULRU URRW VWLPXODWRU LPSODQWV 3DUDSOHJLD

>@ (KUHQ,9RO]')DUUHOO\(%HUJOXQG/%UXQGLQ/+XOWOLQJ&

/DIROLH3(IÀFDF\DQGLPSDFWRIERWXOLQXPWR[LQ$RQTXDOLW\

RIOLIHLQSDWLHQWVZLWKQHXURJHQLFGHWUXVRURYHUDFWLYLW\D UDQGRPLVHGSODFHERFRQWUROOHGGRXEOHEOLQGVWXG\6FDQG- 8URO1HSKURO

&RPPHQWDLUHVG·H[SHUW3U&RUFRV

%HDXFRXSGHSDWLHQWVEOHVVpVPpGXOODLUHVWROqUHQWELHQGHIRUWHVGRVHVG·DQWLFKROLQHUJLTXHVPJG·R[\EXWLQLQH&HV IRUWHVGRVHVVRQWVRXYHQWHIÀFDFHVSRXUFRQWU{OHUOHVV\PSW{PHVG·K\SHUDFWLYLWpGXGpWUXVRU1pDQPRLQVO·LQQRFXLWp GHFHVIRUWHVGRVHVQ·DMDPDLVpWpWHVWpHHWO·XWLOLVDWLRQGHWHOOHVGRVHVGHPDQGHXQHVXUYHLOODQFHSDUWLFXOLqUHSRXU GpWHFWHUGHVHIIHWVVXUODFRJQLWLRQHQSDUWLFXOLHU/·pFKHFRXODQRQWROpUDQFHGHIRUWHVGRVHVG·DQWLFKROLQHUJLTXHVVRQW ODPHLOOHXUHLQGLFDWLRQGHO·RQDERWXOLQXPWR[LQ$/DGRVHGH8DpWpGpULYpHGHSOXVLHXUVpWXGHVDYHFHVFDODGHGH GRVHVHWUDQGRPLVDWLRQ$YHFO·DFFXPXODWLRQG·H[SpULHQFHVDYHFFHWWHGRVHGH8HQSDUWLFXOLHUFKH]OHVSDWLHQWV TXL RQW SUpFpGHPPHQW UHoX 8 LO DSSDUDvW TXH FHUWDLQV SDWLHQWV QH UpSRQGHQW SDV DXVVL ELHQ 3RXU OH PRPHQW DXFXQHpWXGHGHGpFURLVVDQFHGHGRVHQ·DpWpSXEOLpH/·HIÀFDFLWpG·XQHLQMHFWLRQGRLWrWUHpYDOXpHjRXPRLV /·pYDOXDWLRQGHFHSDWLHQWjPRLVQ·HVWSDVYUDLPHQWUHFRPPDQGpHSDUFHTXHQRXVYR\RQVUpJXOLqUHPHQWGHVUpSRQVHV WDUGLYHV'HYDQWOHPDQTXHG·HIÀFDFLWpGHODWR[LQHjRXVHPDLQHVLOHVWpJDOHPHQWUHFRPPDQGpGHUHSUHQGUHOHV DQWLFKROLQHUJLTXHVjPRLQGUHGRVHHWGHOHVDXJPHQWHUSURJUHVVLYHPHQWVLQpFHVVDLUH

/·XWLOLVDWLRQ G·XQH DXWUH WR[LQH TXH O·RQDERWXOLQXPWR[LQ$ DSUqV pFKHF G·XQH RX GHX[ LQMHFWLRQV Q·HVW DFWXHOOHPHQW VXSSRUWpHSDUDXFXQHpWXGH/·DERERWXOLQXPWR[LQ$Q·DpWpWHVWpHGDQVOHVYHVVLHVQHXURJqQHVTXHGDQVXQHVHXOHpWXGH jODGRVHGH8HWDYHFXQFULWqUHG·HIÀFDFLWpSULQFLSDOGLVFXWDEOHDUUrWGXWUDLWHPHQWDQWLFKROLQHUJLTXH>@6RQ XWLOLVDWLRQDFWXHOOHQ·HVWSUpVHQWHPHQWSDVDSSURXYpHHQ(XURSHHWHQ$PpULTXHGX1RUG

Références

Documents relatifs

Cet exercice porte sur un procédé connu sous le nom de moyennisation

[r]

(Q FDV GH GRXWH SHUVLVWDQW TXDQW j XQ EpQpÀFH j DWWHQGUH G·XQH GpVREVWUXFWLRQ FKLUXUJLFDOH OD SRVH

‡ FRQVXOWDWLRQ SRVWRSpUDWRLUH j RX VHPDLQHV SRXU ELODQDQDWRPLTXHHWIRQFWLRQQHOUDGLRGXSHOYLVSRXU

/·LQGLFDWLRQ GH F\VWRVWRPLH FRQWLQHQWH HVW OD PHLOOHXUH RSWLRQ ORUVTXH OD SDWLHQWH QH SHXW SDV V·DXWRVRQGHU SDU O·XUqWUH 6·LO V·DJLW G·XQH GLIÀFXOWp G·DFFqV DX PpDW SDU

3DWLHQWkJpGHDQVD\DQWGHORXUGVDQWpFpGHQWVPpGL FDX[K\SHUWHQVLRQDUWpULHOOH+7$DVWKPHDSQpHGX VRPPHLODSSDUHLOOpK\SHUFKROHVWpUROpPLHLQVXIÀVDQFH VXUUpQDOLHQQH IUDFWXUH GH7 SRVWWUDXPDWLTXH

5pSRQVH,OPDQTXHHIIHFWLYHPHQWOHWUDFpG·(0*SRXUpYDOXHUODG\VV\QHUJLHYpVLFRVSKLQFWpULHQQH/·LGpDOHVW

/D OLEpUDWLRQ GH OD YRLH HVW VLJQDOpH SDU GHV FDSWHXUV / HW / pWDW VL DEVHQFH GH WUDLQ /HV FRPPDQGHV G¶DLJXLOODJHV VRQW $G HW %G SRXU OH WUDLQ YHQDQW GH GURLWH HW $J HW %J SRXU