Tải bản đầy đủ (.pdf) (81 trang)

(Luận văn thạc sĩ) định hướng chiến lược khai thác thị trường vận tải hàng hóa của tổng công ty hàng không việt nam đến năm 2015

Bạn đang xem bản rút gọn của tài liệu. Xem và tải ngay bản đầy đủ của tài liệu tại đây (1.4 MB, 81 trang )

BỘ GIÁO DỤC VÀ ĐÀO TẠO
TRƯỜNG ĐẠI HỌC KINH TẾ TP.HCM

NGUYẾN PHƯỚC ĐẠI

ĐỊNH HƯỚNG CHIẾN LƯỢC KHAI
THÁC THỊ TRƯỜNG VẬN TẢI HÀNG
HĨA CỦA TỔNG CƠNG TY HÀNG
KHƠNG VIỆT NAM ĐẾN NĂM 2015

LUẬN VĂN THẠC SĨ KINH TẾ

TP. HỒ CHÍ MINH – NĂM 2008


!

"

#

$

%

&

! "#$ %
& ' "#(

)*' + ,



. * "/ 0
+

, "(

2

+

1

-

"3 , "#

-

5 " "# 7

-

"3 , "#

--

: ',;

2


(

1

-

2
, "45 "#
8
,

,

6

45

6

9 ,

6
<

1 ,; 5 5 7" +
4 ";
@+ 5 " "# 7
CD
'


%

4 ";

%

4 ";

,=

= , >

%

,=

= ,

%

"H " 8

'

"H

? "#

,=


5 " "# 7

? "#

, I

,

? ,

<

, = ,

= , >

,

'

= ,

= , > AB ,

4 ";

? ,

= ,


<

? ,

E

? ,

G

4 ";

= , >

%

,=

= ,

? ,

?

?

L ,

2


'

(

&

= , >

"H ;

"K"

$

<

7

@; 5 F

J>

-

)
)

"#(

(


*
-

)

!

+

,

.

5 " "# 7

% ! M"

N#

6
M:

, =

'7

6

"#(


(

" =

= 5 " "# 7

% ! M"

&

"#(

(

" =

= 5 " "# 7

4 ";

= , >

% ! M"

N#

M:

<


, " + "#9 ,

9" 8 , 4

'7

= , >

% ! M"

N#

M:

<

O? "#
P, Q

+ "+

<
R

, 4

<
'7


= , > AB ,

O9 , A '
J=

6

, 8 A8

J S "#
P, Q

M:

= , >

&
C

N#

9" 8 , 4

+
/

%

;


4"

T"

, = ,

? ,

<


C8

'A '

L:

4"

P, Q
JV

T" U "

*
W

S

4" ;


A;

"

2

+

6

9" 8 ,

6

A ' % ! M"
T"

N#

, S

/

:

M:

X 4
,


6

'7

= , >

<

;

E

- Y 9" 8 , 5 * 5 H
2 Y 9" 8 , '7
6

L T "V

O? "#

W Z ;

, AR

O? "#

"#

, I

'

"H

'

"H

[

, =

-

?

"
/

5 % =

/

"#S

2

\

"H


1 0 ? , ,

6

- \

"H

"+

<

O? "#

,

!

H " % 9

@; 5 F

R

?

<
"#


<

" '"

-G

= ,
J>

"K"

-G

L ,

-

/

0

"

#

OX " R

%

^+ A


4 ";

" S "#

OX " R

1
$
= ,

, 4 ";

% ! M"

N#

2

3

% ! M"
= ,

-

N#

M: "] 3


"] 3

M:

3

,

)

GGE

2
3

G 2

-

GG2
G 2

0

) .

'5 6

!
-


3

G 2

--

C ) T"
+

4

--

1

-6

+

1

>

@_

-6

+


1

>

@J

-`

+

1

>

a_

2G

- +

1

>

aJ

2

,; 5 5" +


2-

-

@_

5 " "# 7 " S "#

-

@J

+

-

a_

1 " S "#
"

,
,

2X "R

26
2<



--

aJ

-2

R
AV "#

-2

a_

-2

@J

-6

J>

2`

, S b

"K"

6G
C


9 ,

:; 5 F
5 / " T5

=

b

L ,

cJ deP
.Yf f
Jgh hid JYNO Yj_

6G
6G
6

6
6-


-

7+

k; ,
@;
N # M: "] 3


, " S "#
GG

, = :;
GG<

3

k; ,
GG

@;
, " S "#
3
GG<

, 4 ";

k; ,

@;
GG<

'7

3

, 4


= ,

"# ,

b

% ! M"
`

= ,

Z H " "9 " S "#

,! "P

"] 3
E

= ,

Z H "

% ! M"

N#

M: "] 3

GG
G


k; , - J S 5
3
GG<

4

k; , 2 @ :

"Z ;

'7

l :H

k; , < C8

' A ' % ! M"

k; , ` O "#4

= ,

L T "=

'

Z H "

4 ";


k; , 6

k; ,
= ,

, 4 ";

/

N#

= 4 ";
N#

M: "] 3

= , >

GG

3

GG<

M:

M:

-


"H AR "# , m hnop

E O "#4 ( ;
9 "#
? , "9 " S "#
,! "P
'

=

% ! M"

N#

% ! M"

'7

= , > Z H " AB ,

,
E

k; ,

G O "#4

k; ,


^+ A

k; ,

O "#4 @a_J

k; ,

O "#4 &@.O

>

m@_p

-<

k; , -

O "#4 &@.O

>

m@Jp

-E

k; , 2

O "#4 &@.O


>

ma_p

2

k; , 6

O "#4 &@.O

>

maJp

2

:;

"H AR

"# , 4

, = moonp

, 4

'7

= , >


-2


2

7"

8

k7

Q

J3 , "#

, = ,

4

'7

k7

Q

J3 , "#

, = , >

4


'7 Z H "

k7

Q

J3 , "#

, = , >

4

'7 ) T"

F AB ,

, = ,

? ,

k7

Q - J3 , "#

, = , >

4

'7


F AB ,

, = ,

? ,

k7

Q 2 @ :

9" 8 , 4 ";

k7 Q 6 @ :
% !PN
k7

Q < J S5

:;

, = ,

= ,
4

= , "# ,

45
Z H "


b

`
E

=Z H

'7 Z H "

=

8 % !PN
; 3 ,

, W , ";
E

4

'7

= , > Z H "

% !PN0 kq0 h0 o

8
@L Q

@L Q "V


G

W

4 ";

= ,

JV , ? , "' Y !P

`


6
9
NN.N

Y 5 8
N#

k

r , = ,

M: .

YJJYY k

* s


:
J

k(

Y 9

? , *

hNJN

Y 5

8

N::

"

JV

W

= ,

_#,

u "


p

4

";

= ,

? , Z H

"

mh "M# "

N # J# :5 #" "

p

JV , ? , "' Y= ,

!PN

! M"

N#

? ,

*


X , Z H

"

mh "M# "

? ,! "P

M:

;<=> ?;< @ABC CDC ?E? ;F=> ;G=> H;I=>
k

.

t N#

kq

o

N #w ':
N#
#M

t

X ,

J JY !P


o

"

J 5 J S Y= , Y

Y= ,

h

^ L , mN::

t N: p

Y ^^

h N_

? ,

2

N#

M: mvM":" # .
M:
M:

t p


N

"


<

P,=
Z H ,
"# 7

= ,

P T" = H

%

/

? ,Z H ,
/

? , *

!b

b

, 8

>

%

J '
Z

"#(

"#

> 3

+ 0"

5 ;

>

,

'"
&
{CS

"' Y= ,

/

+


Z H ,

" 0

,

b "# , Z

"
:+ 5 "

> !( r , = ,

1

U"

4"0

:

0

M: z ,

"

,


,! "P

l > E r ,p C7 "Q "9
5 " "# 7

M: r =

"#(

)*' + , = 5 " "# 7

*

, "4

T"

x ,"

H

3

" W "

=0 7 ;

A;

9


b "# ,
r , = ,

GG< =

= 5 " "# 7 A

T"0 r

b

45 aJ_0 ,=' = ,
0

X ,

, =

)r 8 %

, W , "# b

P T" = "]

= " S "#

N#

;' 1" ;


= :+ 5 " "# 7

N#

8"

"

I

%

x , A b 5 " "# 7

b

45 Z H "

GG

%

%

r , =' 5 ;

? , Z H , 0 ! M"

*' r >


? ,Z H " "
"# b

% "T" ;

R 0 ! M"
8

"

% C; , = P =

,

" + :+ > , ,>5 "/

9' ;

? ,Z H , 0

=

"#$ = r , = ,

x , 3

T " =

8" * "8


x , L 8 0 :+ y "#
J# ,

8" A8 5 4

r , = ,

"#S0 , 9 ,

"

"#S = 3

X , =

r , m "# ,

x ,0 ! M"
"#

N#

M:

Z ; "# ,

?

" W

,

? ,"

"9 ! M"

N#

"

" S "#

b ,
? ,! "P

. * "/

3

" + "#9 ,

"' Y= ,

G 2|
"

? ,! "P

B


" S "#
"# ,

M:0 "

,;)

, 4
"b

X

9

1

"=

'7

= ,

% JV , ? ,

'7

= ,

% JV , ? ,


/

, 4

x , 3

9

,

*' 7 #}" #

x ,

D"

=

. 9
. * "/
80
P
J#R

7

'

? "#


, AR "# , = AR

9

=

, ' L0

"# , I

+

"

L : 5 * "/
0 z ,

"#

"H

, = , >

,

, R
[

7


" S "#

'

, =

B

"(

% JV , ? , "' Y= ,

#

x , L
? ,! "

, = ,

W "#R 0 "
,; 5 5

% JV , ? , "' Y= ,

,;
B

#

5 " "# 7

? ,! "P

x , S
I

+

b ,
"

" S


`

. 9
>

, R

=

:H

W

"] 3

I


+

GG

3

C7 " +

8

.

L , 5 5 5 * "/

: :

, "#R 0

H

"

%

9" 8 ,

"

4


'7

= ,

GG<

4

3 :~ X ,

" H , R

"

5

L ,5 5 , R

5 b 5

W

L , 5 5 5 * "/

"V ,

50

:H


.

L ,5 5 Q" S 7

.

L ,5 5: '

4

1
=

"

= 5 * "/
5[

'R ,

"# , ,=

= ,

"H AR "# , %

8 A8

? ,


! "P
O "#4 AR "# , mhnop . * "/
,

5 "#R

L : 5 * "/

O "#4 AR
"

,

"

9

O "#4

'

L : 5 * "/

%

,

"H %
L 8


5

? "#

, AR

= M

9 H

, =

b

S

1 #

x ,,; 5 5 9

x ,,; 5 55 "

x ,

, m&@.Op . * "/

" + "
C "= ,Q

7


7

%' 0

%

,

7 S

L:

%

8" r , = ,

? ,

L ,

J + "#9 ,

"

,

4

"=


7

9 H

b

b ,

5 " M "] , 5 *



[ " 'R" =

" S "#

=

1 #

7 5 X ,

9" 8 ,

, 4

'7

,


[,; 5 5" +

(

" T

4

= ,

=
"(

Q = G :L Q >

? ,! "P
CS

= M

, ; 5 5 AV "#

> 6- "# ,0 6 A; , A 7 0 G< A 7

JV , Z

L ,

'


'

5

x ,,; 5 5

"

5 "#R

7

x ,'

5 m@a_Jp . * "/

= L 80
,

Y= ,

0

5

O "#4

L ,


9

, = monop . * "/

8 , R
,

7

x ,'

:

'7

= ,

% JV , ? , "'


E

"

2
$

#

!

%

&

J K E? H;EA =ALM @N ?;AB= OPQ? HA=; RST=;
J J K

;EA =ALM ?;AB= OPQ? HA=; RST=;
= "45

"#R

L:

"# 7

^

l

"

5

X "R

"H

, Q


>0

b ,

? , "' 9"

=

+

% "V

D" #

=

X "R

!( " 0
5 ;

9

B

9"

9

# 5 ;


8

"H

D" # "# ,

W

H

# "# , "

"

:

,

5 ; "9 # :+ 5 " "# 7
5 ;

/

8" "

'

,


" L , H

"V

W €

, Q

+

=

x ,

X "R 5 "

,

5 "V , Z "

D :L Q "

%

,

"H :
=€

= :~ X ,


5 [

, Q

+

>€
5 ; "9 #
J M
, R

'R ,

W

:

V "

8" S "

= ,

9

"#

"H"


"# , I

, "# , I

T"

+ Z ;

+

7

=Z

"#(

]

45

)

" +

=

5 [

T"


[ YM #' O "uAM#,0
,

9 0 ]

l

50
]

8"

=

#B ,

5 X , #Q 9

l

0

J J'K TA CUV ?WT ?;AB= OPQ?
7
b ,
H

,

b :+ "Q "9

=

l

9" 8 , %
,
,

T"

5

8"

,

= 5 " "# 7
S

%

5

" M

X " 7 "# , "] , ,

8"

" H ,


>0 > >
,

"T" ;

5 > " 7 )*' + ,
8"

5 ^

8"

b ,
,

=

8" [ , I

J]

9

/

" "0

x , S


" :W Z

"#1 ,

>" 7

9" 8 , %

O8"

'

5

b , r S

9

X "R

,

50

l
,0

:

9" 8 , %

} , K :• =


G

y +
"Q "9

x ,

K , }5

= 5 " "# 7

J J/K

,

%

5 S

b ,0 >

x ,Z ' " S

>

H


b :+

(

XY CUZ=; [\Y R]=> ?;AB= OPQ? HA=; RST=;
)*' + , "#R

L:

" +

"

"+

A b

:
J J/J K ^;\= C_?;` aE=; >AE CZ=; ;Z=;
C*' = A b #T" Z
:

, 0 "V ,
%

,

"#1 , "# , Z

5 "T" ;


x ,'

" 5 ; 5 * "/

X =

9

7 9"

? "#
7 ">
,

"H ;

S

? "#

, "#+ " 5 = ,

,0 A

X " R 0 , }5

X "R

=

,

"

, ) 'R

O? "#

, %

0" +

"#R

" 5

9" 8 ,

"K"

,

/

W

L

/


, AR "# ,0

W

3 ,0
= 0

;

? "#

S

S

x , ? ,

>" 7

, =

8" Z

;

:+ " =

A;

5 *


"#4 @a_J

? "#

S

=

5

9



5 P, R

,

, AR "# , . * "/

5)

7

# ^+

= R "X 0 ( >

8"


*' = L :
,

X

);' # "# , " L ,
=

)*' + ,

5

"

"

"#(

" =

? "#

=

8" U "

? "#

, AR


"#(

5 ;

? , %

, AR

, =

=

4" ,K ,1 0 x /
, =

H

b

5

C*' =
"H AR

, =

,A
,


#T" b
"#

? "#

9" 8 , =
,

" 0

? "#

50

"#ƒ

R

9" 8 , % "T" ;

=

,

"Z ; %
, 3

> )r 8 0

5


? ,

,

5 k
? "#

7

,=
: "

,Q
,

C*' =

/

x ,'

,;

,

O? "#

, "+


R 0

?

"#S0

1

? , ,



JT" ;

"V

W

X "R

=

7

AR "# ,

5 X

x ,


'

"# ,

9" 8 , :; : T"

>

x ,

+

7

9

='

45 #

B

"4

7

: " %

"# , I
X ,


x ,
,

+

9" 8 ,

7

9

5 7 9"

=

K
"


'
*

"H 8 A8

+ 0 , R
!

=)


S"

"#

"#

7

L:

+ ,

r

+

,0

,

b

%

5:

] ,

,


5 "H"

"H ;

,

50

,

" ' V AR "# , %
= H " % 9

"#

,
' >

"H

0 , Q

B

8"

X

/


X" 7 =
"#

"

0)

8 , %

b ,

'

"H

? "#

,0 + A

)

?

b ,

)*' + , = " +
B

X


5W , %

,

5

H " % 9

'

,

; 3 ,

/

9" 8 ,

Z 0 :+ "

"#4 5 * "/ mhno0 ono0 @a_Jp
%

W

J=

' )T

5 * "/ 0


'

3 ,

,

5 "#R " S "#

5 "# , "

W

/ 0 "V

"H ;

%

,

8 , %

"# 7

'

9" 8 , %
J#R


4

'
,

%

,

,Q

,

%

=

5 " "# 7

A

= 5 " "# 7 0 :; ) T"0 "=

5 * "/ 0

S

9

W


%'

,

50 : :

/

…*'

)

S

)

5 "#R " S "#

b :+ 5 " "# 7

b ,5 "

,0 z ,

:+

, >

,


% " S "#

> #R ,

J J/J'JK ]T ?;b= ?;AB= OPQ?J
C7 > " 7 +
X "R

% "V

1

W 0

" /

"

5 b

, 0

)M

5 * "/

)†"

? "#


W

,

3 ,

X =

0 "#R

L:

>

J#R

L:

) T"
C*' = A b Z
"V ,

5

X "R

Z ; 9

7

9

5

B

,
> L

5 r

=

X

X " 7 J# , " + " 0

%

= ,

)*' + ,

, 0 +A

1

"# , "] , ,

,


T" %

A > "] 5 * "/

:• 5 ; +

5 b

"#1 ,

>0

#

/
9

"H"

,0

" +
S

" +

(

r


,; 5 5

5
#
5 ƒ

, ; 5 5 =' >

5 X ,

X %

,

X "R

#

"# 7

!( 4'0 "ƒ' " M 5 9

5 ; " +

X "R

,; 5 5

" ? ,Z


0

" H ,

W

3 , "# , Z ; "#S
J JcK E? OSdA ?;AB= OPQ?
>
"

5 *

=

5 *

0 ,

"

9

9

0 + "#R
" M

x ,

=

x , 3

W
3

9

= ,
W = 5 9

"


, Y ' $ ,1 =
" T50

A " > 0
A8 5 4
, 0

=

C*' =

9
l

9


T5
'7

=' R
P

3

>

5 /

"45 "# ,

5 * 5 H0

Y

"V , Z "

W = :+

"# A

" b
"

:; 5 F 0
= ,„


"9 " =

5 , ~ :; 5 F

8"
= " S "#

,0

} ,"

>

:

J JcJ K ;AB= OPQ? Ce=> CUPf=> Cgh CUX=>
='
' x , " S "#
, 55 ; y +
' "45 "# , =
%
, 5

)*'
, = ?
"
x , 9"
>


…*
45 " S "#
,
"9 "# , " S "#
,
. " "# 7 " S "#
=
x , " S "#

+
,
x
8

,
"
,
,

"#R L : ; "
x , :; 5 F " ? , "
' V ' "H = CH b
='0
L 8 :‡ >0 ? , = "#;
, Q +
=
>[ , I Z ' " S
H b :; ) T"
%' :


R Z
' AB ,

,
%

"(
"3 , "#
,
:; 5 F
x , y + " 5 " S " A9 L

, . " "# 7 " S "#
, = :+ "3 , "#
, b b
x , :; 5 F
>

. " "# 7 :; 5 F . " "# 7 :; 5 F = "(
"# 7 " S "#
,
"9
x , :; 5 F
b
" 7
"b :+ 5 " "# 7 8 A8 T" S

, AB ,

,


45

"3 , "#
, AB ,
= x , :; 5 F
b

5 "
=' >

J JcJ'K ;AB= OPQ? h;EC CUAi= ;jA =;gh
5 " "# 7 8
45 " /
5 b
) T" 9 0 " '
R
M ,9
D
? ," 7
"3 , "#
, "45 "# ,
@+ 8
45 5 / :
:+ : x
'Z '
7
T5 ˆ
x , =
3 ,

4 b
@+ 8

x , "V W B "# , ,=
5 " 8" "# , x ,

R Z
"b
"( :+ "3 , "#
, AB ,
: " , "3 , x , , Q
, T5 Y8
, T5
, "# , "
• 5 " "# 7

45
5 / "# b Y8
45 5 / "# b = "(
:+
9" Z ' : x
' 7 : " , "3 , x , W 3 ,
L " S "#
, H ƒ , O8"
, 5 >" 7 = " =
"# , 8 A8 AB ,
" " 45 5 L , "
:; ) T" % # R ,

:;


9"
45 5 / :
' >"

"3 , "#
, AB ,
9
' , ,z
8
45 "b "# b
(
"V W


> = 8" "V W
7 A ‰„

, 'R

0 +

,A

= ,0

" H ,A ? A 0

x ,


J JcJ/K ;AB= OPQ? Ce=> CUPf=> aT Rd=>
"#

, %

=' " /
1 "# , ,=

5 b
x ,
, 5 ? , = " =
:; ) T"
' b
x , :; 5 F 0 " S "#

C 9 , > Q , "* C
# " S "#
, b :; 5 F
>
C 9 , >
AB ,
"
"b :; 5 F

9 , > Q , "* = "( :+ "3 , "#
b > :+ " /
5 " 5 " S0 5 ƒ

X " R "3 ,
,

"9
, AB ,
"9
5 b :; 5 F

= , , , C 9 , > = , , , = :+ "(
"3 , "#
}" " S "#
,
"9 b :; 5 F
b = ? , > R Z
'
D" U " 4"

C 9 , >
" 5 C 9 , >
"9 # " S "#
, b b :; 5 F
? , ,
b :; 5 F
>

"

,
,(

5 = :+ "(
"3 , "#
, AB ,

b = ? , > R Z
,(
Z ' "#(

J JcJcK ;AB= OPQ? kXY >AlM
: ' ,;
: T" :

8" "

,

? , > :‡ "# ,
L

8" "

x , L 8
@+

l

" /

,

b

5 " "# 7


,
0

•0 "# , "

," M
H

H



5

"45

x , L 8
" AT" "#K 0

V

: ',;

A

5 9

7 ; "

= 5 " "# 7


x , L 8

=

9

T5 ˆ

,Q

L ,;

@+ #}" Ab" H
J

9

J

"
y

5
b , , 9

"

5


R
J#R " + " 0 "ƒ' " M "(

(

> " 7 )*' + , "] ,
8"

7
(

X" 7 %
"#R

L : :+

5 [ 7:

Z U 9

"
,

D

5

" %

> = "# " =


# :•
l

0 S

y

,
"

50

,

5 %

b ,

b
,

b ,

5

5

" M


:+ 5 " "# 7

} ,
%


-

J J6K ;b= >AlA h;Eh @G C;]? ;AL= ?;AB= OPQ?J
@~ X ,
1 0

"#4 &@.O 7

X:

> = "(
,

,

=

,; 5 5 =

T5 ˆ

' 8 ,

, Q


T" @

+

=

8 , %

J'K

A=; RST=; @g= ?;XYi= ;G=> ;mT ?WT =>G=; ;G=> H;I=>J

7

r +
'7

>" =

5

J'J K ] h;EC CUAi= ?WT @g= ?;XYi= ;G=> ;mT no=> aPp=> ;G=> H;I=>J
P,=
"
"

4 ";

= ,


Š G0 4 ";

? , ˆ

$

= ,

? ,

b AK"

= ,

? , ,='

'

= ,

! :

4 ";

=

8" ,=

= ,=


%'

5 X

#8 , #r

=

'R

= , > "# , 5 9

,='

'0 " (

'R

= , > AB ,

'R

b "# ,

9" 8 , "

> AB ,

, = ,


P3

GG<0

D

, 4

ƒ

L ,

? "#

'7

=

^ L , ˆ "3 , "#

,

"V ,

4

, = , >

= , > = -0

!4 ";
) "# , "

9
'7

l +

,

,K 0

5 b

x , L

b

=

K" m

L ," W

H
7

= ,

> = "H


? , #T" " /

T5 A

0"

=

C

8"

*'0

"#$ #T"

4 ";
? ƒ ,

= ,

9



R

? ,


"3 ,0

* sJ

8 NN.N r

k(

'R

^

= , >

,=

"

-2‹
4

'7

X

x ,

7

'R


3

'

kR
W ,

= , ‰0 > ,

" =
"#S

Z ;0 ; :;

ƒ m = , > 5 X

X"

W

b

9

%
= ,

> " ( " % "X ) T"


= AS 9

, 4 ";

= 8

R

; 3 ," +

," (

9

4

4'0

#

J '

4 "; A 7 p0 "
=

'7

Π,m
'" M


b

; ,

? , >

>

9 , T' " 0

8 4

5 b

:

b 'R

4 ";

? , $
Œ

, J ' >
b

'R

,T5 2


='

Z [0 Q V „p€ Y= ,
"/

*' >

Z H "

,

? , % " =

U

:~ X ,

? , r > ,

r , = ,

, :• ,D5

45 = , 9 5 W "950 $
"

z ,

, b 5 " "# 7


? ,"

, = ,

? ," /

? , 9

1 5

S

T' " 4

%

1

"Š d@^
= ,

= ,

A8

? , r

x , " 45 Š ,

< r , = ,


D " +
4 ";

8

? ,
= = , >

= ,

, = ,

,

Š E

> , J# b

4 ";

Z H , "#R "

H "

"

5 " "# 7

9 Z H " J# ,


? ,,x

"#‰

5 " "# 7 0

4"

X

4 ";

= ,

/
? , 9

>

!( 4'0 4 ";

m , 9 " 0

9 Z [0

? , 9 p€ Y= , >
"# ,0 = , + 8

,

0 "# 7


2

r 0

"~ ,
9

? ,0„ p€ Y= , >

> "/

"

:+

:

A 0 "95

/„ €

8 , 4" :H ,„

J'J'K q? aAiM HA=; RST=; @g= ?;XYi= ;G=> ;mT ?WT =>G=; ;G=> H;I=>J
4
R


,

' %

J/

'7

x , D "#

,"R A7

} ,"

? ," 7

? (
" ? ,Z

J/
"#(

#

'

J/

"H %


"#(

"#(

>

= ,

kR

T" ^S

T"

8"

J

9

45

'7

X "#

=

X


l

4 A "

‚ #

:~ X , S

Q ,"

X " M

9" 8 ,

= , > = :+ 5 H

5 % #T"

"#(

X =

Z

? ," 7

T" " R

R


,W , S

>

3
0

} ,"

? , " 7 { 7 = | "; " ] "#R

7

, A80 4

'7

b

:

(

" =
4

!( [

b


=

L ," W

45 "#(

"

>

S

'

? , =5

X R "#R 0

x , D

'7 "# '

A ' 7 :~

7

9" 8 , 4

:


" H ,

, A7 0

L ," W

4

'7

$

L ," W

4

, :K"0
"#‰0

Š E
T" :
%

b "T" ;

4

,T5 <
=


'7

= ,

= ;

A;

; , = ,
8 ? , ,

5

? ,:

"= A 7 0 G

0 "#(

;

" =

? ,0

= R "X

'7

b


5

"=

Πp

b

0

L:

"# , "
; "

L ," W

D" T"0 4

8 U " 4" " R "

CQ , "

' A '0
9

? "?0 `
,


? :~ X , ? , ,

45 "# , ? , "
D" T"

4

,"R A7

" =

,=

? , $

= ,

mP

? ,

, %

'7

'7

45

"#(


? , "# , Z

, = ,

5

C*' = D "#

= ,

X

,Q

0

' A ' r T"

x , D

,

4

S

x

b


l

X0 A

:; ) T" = :~ X , S

X 4

, S

x 0 , I

= , > AB ,
@

S

8" ,=

'7

b Z

? , " 7 "Q "#x

X ,

8" ,=


( " T'

X ,K

8" r , = ,

F

J/

%

? , =

A '

? , Q ,

'

, = ,

r ,A ' 4

&

,W , S

%


'7

9" 8 , %

? ," 7"

Z

= , > AB ,

=
4"

" AS ) 5 •

'7
?

T"0 U " 4"
$

Œ

C*' > " 7 )M

=


6


'R

"T" '

A

;

A;

,=

= ,

? ,

9" 8 , V

S

= 5 " "# 7

L ,"

4

'7

L ,"


4

'7

x ,

!4

'7



: T"

C*' =
Z

= ,
T"

L :

"

b
:

5,x

5

b

5

? , ,

9

= 8

/

)

"# ,

9" 8 ,
x ,

"

" "#8

? , , 0

:; 5 F

, A; Z ; „
'R


:; 5 F

4

/

x ,
%

X

/

Ž

b

= ,

? , r =

"H

80 "

=' r , }5 ,=
= ,

F


" H , R % hNJN0 E`‹ = , >
X

= ,

"R

,

= ,

F

4

'7

"

L ,

4

'7

b

X

/


"

4

'7 Z H " AB ,

,

0

? ,

T"

5W ,
= ,

Π,0 = , " L :H ,0 8 , 4" :H ,0

= , > ) T"

5 X

'7

" H , )†"

7


0 = ,

b

4

'7 "# '

,=' = ,

> , "#S
.

" =

" = " T5 L #T"

" Z ; % :+

"#(

!b

? ,



L ,

9 J M


, = ,

? ,

9

? ,

,T5 2

, A 7 0 ,T5

G-

b ? "? = "=

Œ
C7
= ,

, 9

? ,

'7

:~ X , :H "; " ]

= ,


=' :• , ;

P

"W , ;

4 ";
J '

0

5 X"

=

J W
4 ";

X ,
" ? ,"
: T" R

x ,

" W
S
? ,5 X"
"


, "] 2G "T •
GG "T •

'

'

> H

b

X

'7

z , > "/
45

L
= ,

,W ," M
8

=

9 , =

'R


7

= ,


= =

[0 " ( :H "; " ]
? , >

,0

45 " L , H

b

" S "#

, k

4 ";

=

(0 >

b

0


8" :H

=

'7

r , = ,

'A '

9

4 ";

A '0 „ C7 4

' 0 D A "

x ," S

= ,
A ":

'

5 4

=


8

> /"

r ,
"

4 ";

= ,

"

=

r , = ,

=

b
4 ";

'A '"

A ' 4

T" = :+ 8

= ,


r , 5 /0

=

8 #T" b
4 ";

=

'

,W , ^

= ,0
= ,

%

= "#

'A '

";

= ,

, >

J W


,

R 0

4 ";
"#

Z ;

? , :~

= , > ? , : T"
'

A ' > ? ,


<

J'J/K l= h;rM @g= ?;XYi= ;G=> ;mT ?WT =>G=; ;G=> H;I=>
@; 5 F
Z

%

,

,A '

T"


5 4 ";

= ,

? ,Z H "

4 A "

D" :
O9 ,

5 X " 8 #T" b
:• "9 #
J

=

, :; 5 F
9 ,

8" :; 5 F

,

3

'

W #T" Z


4

'7

A ' ="

, =

,

= ,

" % "X

,W ,

> = "#1 , ";

A ' X " 7 Yr , = ,
9

"#

"H" L

S

A '


9

%

/

" =

5

"9

• X %
'7

E?

, A ' #8 , = 5 * AH

5 [

"#

0 9

%

= , +

1


r , = ,

7

7 4

>

r , = ,

"#
'7

? , C*' =

? ,

0 =

'R

^

T" =

'

8" ? = ,
? ,


; 3 ,

"H

'R

"#R

, W , ";

5 W , 'R

#T" b

? ,

T"

,

4"0 3

= ,

= ,

'7

T"


y

'

" ( >

; 3 ,

= ,

} ,

,

4

, S

X 4

" ='

"H Z

= ,

"# , *'

Π:+ "


x , ,=

Π,0

4

X y "#

$

8 ," +

5

? ,

T"

'

, :; 5 F

S

? ,Z H "
S

S


= ,

T"

, T5

9

8" r , = ,

'7

%

? ,

= ,
R

"

%

"#

= ,0 > Z ' " S

8" r , = ,
@+


? , =

=V

'7

= r , = ,

H " % 9

)

>

? , =5 ;

A 'Z H " 0 =
J;

4

, A ' O9 ,

"#1 ,

D " ƒ %

J/K

= ,


%

5 F 0

= ,

'

4

'7

,=
7

*

"#R "#+ " 5 "

"#1 , ,>5

= ,

; Z

J % "X 0

/


8 , "b

T"

~
:

= ,
F 0

05
, S

7

,
X 4

? ,

BX Cs l=; ;Pf=> aB= ?;AB= OPQ? h;EC CUAi= @g= ?;XYi= ;G=> ;mT ?WT

=>G=; ;G=> H;I=>J
J/J K E? YBX Cs C;Xj? MIA CUPp=> @t MI
O? "#

,

"


"

0

Z H

* 0

"
"
=

P
b

x ,'

r : T" ,*
, = 0 "Š
"H ;

9

= ,0
5 "0 "
, #T" b

/

:


"=

/

45 =

'

, = ,

"

" 0

*

b ,

"R

"#

V "#R


`

" S "#


,0 ;
,

,,

5 4 ";

"# 7 " (
"#
4

= ,

"#

, ) T"

" 5

= ,

F ;

, %
"H
,

/

:+ V


= "3 , "#

9 " H ,

V

0

D"
,

"#S " 7

T" %

/

,x

S

/

/

5

b


R

"0

9 Z H " 9 5 X" 8
,

l > [

5 " "# 7 "#
,=

5 S
V

4 ";

"

= ,

X 4 ";

O? "#

= ,

,5 5

>


, =

8" =

9

L ,

= ,

? ,

>0 :+ y "#

X " 7 z , "9 #
/

:

/

. % C*'

x ,

4" , 0 Z ; ,
/

>


3

4"

"#S V

S 0 #‘ #= ,0

"
0 A;

/

L ,

"#S = )r 8
b
7

9 Z H "

"

L ,

9 =

5 S


= ,

r , = ,
,

F

4

= "*

' I

,

[

,
l

= ,

AB ,
x ,Z

+

Z ' S

8


7

#‘

"

)*' + ,

8" ,=

,0 A;

= K

9" 8 ,

Z ' " S

? "#

5 4 ";

=

? ,

,"

5 "#R " S "#


,

? ,Z H "

> #R , !

b

b

b " + :+
%

1

#

=

Z H

5 S

? "#

? %

L ,


9 ,x

L ,

,

W

>

+ J 4" 4'0 "

"

5 % H

A

b

"
/

"; ,

/

5 H "#+ " 5

=


"H
8"

"

, "9

? , , R

, ,T5

, =

I

5 †5

%

8

b

=' = L :

= , > ) T"

= ? , X I


"# , 8 A8 "] , Z H , 0
? , :• ,D5

%

='

8" " 7

Z H , "

50

,=

? ,"

% )r 8

5 S

? ,Z H " " (

,

" =

5 S

'7


8 "3 ,

% hNJN0 "H

A ,,

= ,

9" 8 , 4

9

8

9 " (Z

4" Y " H , 5 5

W

" 7

"

, 5 5 [ #‘ #= ,0 " ? , "

kR

"


• "#R

P

JH

, %

)M

A ,,

Z H " ,x

'R "*

}"

W

H Z

[

= , >

"#S

"; , %


5"

9 Z H " 5 "

, = ,

/

#8 , Z

=

% Y 5 S
S

5 % =

%

>

" ? ,Z

> „P x ,
b

, R

S


5 % J#R

5 % %

" 0 3

? ,

" 0"

/

8 "3 , "#

= , > AB ,

,

L ,

z , "3 , " M

"H

, Ž^. % Z H ,

S

OH Z


'7

"#S )r 8 @+ V

S

x , @+ V

= ,

"

? , J

Z H ,

, "#+ " 5

4

8 "3 , "#

O? "#

:+ r

,=

, = ,


,x

'7 0 "# , > > ,=

"3 , "#

, "#+ " 5

AB ,

V

45

D ;

5 %
"
, = ,

S

%


E

Z H ,


,

5

" '

A '

"

" S "#

,

Z H ,

='
O? "#
#T"

, ? , ,
0

U"

9" 8 , 4

, "#+ " 5 =
'


"H $

= ,

Œ

= I

'7

9

+

x ,A

" 0 V

5 b

; 3 , "=

"3 , " S 5

A '

"+

R


4

'7

S ;

, b C*' =
5 4

'7

U " 4"0 V

,

ƒ ,

,

C

,

%

?

"#R "

,; 5 5


/

X = :; 5 F

C

? , ,

>

"3 , :+ S A " "# , S
" '

? ,

0 R

? , z ,

"#R

, ? , ,

, = ,
V

b

, = ,

5 ƒ

9" 8 , > =

= , > AB ,

• %

H

AB ,

? , ,

4"

5

9 ,x

(

0

b

B

=


r , "] > =

,

"

/ 4 0 S "#/ S

= , > AB ,

[

, = ,

z , >"

8 ,

? ,

Œ

? ,

J/J'K E? YBX Cs MIA CUPp=> @A MI
'

"H

? "#


,

H " % 9
7

"#

9

45

0

r , = ,

,Q

7

' 0"

? , :• 9

K

/

"#


? ,5 ; )

'

"#

#‘

7

=

"H "# , 8 A8 ,=

8 A8 ,=

9 ,
8

"#

!b ) "

~ A

"#

=

8" , ' ,K" C7 "Q "9

9

4

H " % 9

5 %5 ;
,='

S
5 X

=

3 , %
'0

4 "; 0 "] >

%'

' $ ,1 = 9

"
r , = ,

"

?A


=

7

#

'

= 5 " "# 7 0

%

5 " "# 7

"T" ' 0

(

"# ,

} , K

/

(
= ,m ,
, = ,

S


? ,0

? , "' 4 ";

5

H ,x
4
P =

= ,

= ,
L ,"

= r , 4

%'

= 4

= ,

, T5 =

' :; 5 F p J# , 4 ";

= :; ) T"
=


9 [,
1 #T" b

s5 + 0 = :W

= 1

%

r , 4

' A ' = 5 X "ƒ ,

' A '0

,W , >" 7 =
? , >

4

b

'7
:H

'7

=

! "#$ %


= , =

D" T"0 9 [ = , > 0
W , ";

X

AB ,

= ,

0

r , = ,
D

r , = ,

, A ' "#+ " 5

= ,

; %
'7

? ,0 =
9 [,

b


? , "' S
? , H "

X
,


G

CH " % "
"3 ,

F
H " %

' $ ,1 =

x ,

b :• AS 9

A

?0 :+ S A "

% :; 5 F

,= 0 'R


H

0

/

:

K

K

b

/

;

'

? ,’

D" "9

F 0 "] > $
,K"

,Z H ,
Œ


,=

>

$

" '"

"# 7

L:

%

= ,

Œ

9" ,,

:; 5 F

%

S

X 4

5 F


4

=

" =
0

= ,
=

? , ,

"# , A; Z ;

V

" H ,

b

" =

= ,

,; 5 5 9
r , 4 ";

"#

%

, :K"

'0

;

=

^

,

D "/

,

=

'7

= , >

=

, A8

=

, '
(


'7

X" 7 =
,A7

@+ M

=

,W ,

V : , :~ X , :;
4

'7

= ,=

,

"3 ,
4

"#

"Z ;5 "

b


, = ,

L ,"

=

? , =

'7

AB ,

B

9

%

5 W , 'R

8"

H " %"

, A80

, ˆ
, =

+


"9 %

4

5 /

90

,A7

= ,

L €

= , > 05

r , 4

,='

,

, :K"0

= ,

0 #}" ,K "

" S "#


L ," W

,

'A '

AΠ#=

, "3 ,

'7
5

'R

')

,=' = , 5 ;

"

'7

? ,

9

"# ,


4

" T5 L 0

45 =

? , , "3 , " S 5

Z H ,

T5 ˆ

H " *
>,b

b

@+ ,

" " M Z '

b

) T"

'7 " ' "

,=

? , ,


4

,=

45 %

" ? , =

" '"

'7

b

8

? , V =

,=

% :; 5 F

5 /

:

" '"

45 =

Z ;

% P =

? ,

:; 5 F

5,

;

0" ( Q , , I

r , = ,

@; 5 F

b

#=

r , = ,

#8 , # " S "#

1

,


? ,

4
T"

?

= ,
, S

'R
, = ,

0 *'

V
z ,

X = 8
/

=

? , H

b


#


L ," W
%

8"

?0
= ,
"

,

50

, = ,

? , >

?;

,

P x ,'

' " ='0

N#

T" %

M: 7 )


"

4
D
,

7

r

"H =' :•

7

9

45

L A;

T

[

%
R

x ,'


%

r , = ,

5 * "/

U "# ,

9" 8 ,
=' 0 L 8

4
4

L , =' z , R

:+ 5 " "# 7

5 " + "#9 ,
S

3

:

4
= , ' L %

L A;
'7


= , > AB ,

"H %

? "#

? , "# , I
L ,
'7

+

^+ "#R
= , >
,

, I
4 ";
L:

% ! M"
5

[


(

)


!
-

)

-

)

+

, $

.

'J K XE CUZ=; ;Z=; h;EC CUAi= ?WT AuC=TM AUOA=uk ?;X=> @G ;SdC aj=> @g= ?;XYi=
;G=> ;mT
'J J K

XE CUZ=; ;Z=; C;G=; @G h;EC CUAi= ?WT AuC=TM AUOA=uk
C

#

(
B

= ,


" =

=

3

" +

W

? ,0 "# , ,

9

" A

P3

:H

T5 b

2• J ,='

" Z H

"V

,


"

X Y= ,

Z ;

W

? , ^*

% J %" b ,

= ,
k b

! M"

N#

, T5
! M"

/

=

0 JV ,

4 ";
X ,! "P


45 m

Q , A8 "#

9"

" W
,0 =

T"p

8" L

50 "#+ " 8 JV , X Y= ,

[

"#1 , %
=

b

=

,=
W

W
=A


#5 # "

> r ,>5 5

? b

Y= ,

3 ,

/
Y

450 "#+
"# ,

? , "' Y= ,

#

? ,! "

" M &C :H
D" "V

`•JJŽ

W


9" 8 , %

8" "V , ? , "'

4

b

? , ! "
L

S >

> G L
8"

X
=

" =
" 4

% , H
=

% P =

X5 X
3 ,


p

b "

S $ , H"
S

! " P

@ , 7 "9

M:

? , "' Y= ,

M: = L

[0 = , >

5 …/ ,

? , Z H ,

? ,! "

? , >Z '

M: >

N#


5 % C

:; 5 F
N#

Y8

'7 0 ,=' <•G2• EE2 JV ,

= ! M"

JV , ? , "' Y= ,
'7

? , ^*

" =

3 ,Z ;

X ,! "P

4
,N

3 ,

5


[ =
m"R "

W

8" A b 5 " "# 7 Z

#

X ,! "P

, 9

% "S

R

P,=' G•G-• EE 0 Yr , = ,
8

=

8" " S "#

•`• E`E %

0 *' =

"# ,


%

b

? ,! "

W " M

X , ! " P

? ,! "P

"

[P =

E`E0 JV , ? , "' Y= ,

" M Z ' " S

? , ^*

3 ,Z ;

? , *

E<6 E`E0 JV , X Y= ,

8 , "# ,


S

E<60 JV , X Y= ,

W

'0 ! M"

4
N#

R 0 b

3 ,#R , =
4

9" 8 ,

S " =

%'

'7 Y= ,
'7

M: m!PNp r

=
#8 ,


=
? ,
0
9 ,


,A '
“ 0

L

* ”

=

7

"# ,

b

= -

7

Z H " "9

b

* s0


*

* OU

'J J'K XE CUZ=; ;Z=; C;G=; @G h;EC CUAi= @g= ?;XYi= ;G=> ;mT ?WT

AuC=TM

AUOA=uk
Y
4

S

'7
'7

X

/

= ,

J] E`E

=

,ΠJ# , ,
'7


S
N#

,9

) T"

EE-0 :;
= ,

=

b P,='

"


F

'7

=

=

l "45 "# ,

4


9

% ! "P

= ,

? , "9 ! " P

=' ,



$ #T"

Œ0

>

= M

9

8 "3 , "#

,

0 Q ,"

S
H # Z ' " S


JV , ,
N#
8

H

M: Y
H "

"H

4 0 k

" 5 ; 5 " "# 7

"

YJJYYp "#+ "

"3 , #T"

b , "3 ,

• EE-0 JV , ,

r , ! M"

mk


45

>
:+

= ,

Y= , Y

'7

= , > Z H " ,

, 4

4 ";

J S Y= , Y 0 *' = A
4 ";

M:

='0

'7

8" "

N#


'7

M: r + A
R

EE-0 ! M"

, 4

, 7

X 4

M: = 4

= , > Z H " #T" 9
H

, Q "

N#

J S "#
9

4

% ! M"

7Z ;


r

9 ! M"

X 4

'7

" =

9

45 k

[

J 5
S

' ,1 = k

L ,

= ,

9

X


=J 5J S

% JV , ? , J' Y= ,

? ,

! "P
'J'K E=; >AE C;]? CUd=> ;SdC aj=> @g= ?;XYi= ;G=> ;mT ?WT AuC=TM AUOA=uk
'J'J K

IA CUPp=> =jA nj

'J'J J K >Xv= O]? C] =;Aw=
'J'J J J K ;x CUPp=> @g= ?;XYi= ;G=> ;mT no=> aPp=> H;I=>
J# ,
0

x , 3

! "P

A8 r >
R ,
ˆ "3 , "#

,

*'0 = ,

R "X "3 , "#


x ,"
; z ,
, m )M

A8

T"
L

A; ,

p

"#R

;

, OD

ƒ

,

'R

,

, = ,


" S "#

, "# ,

,=

0 #}" ,K
"# ,

b

, :K"0 4
"

,
b

=Z H "
'7

'R
= !PN 4

,
= "T"
'7


-


7l=> 'J

l= OPQ=> C;x CUPp=> @G kl= OPQ=> @g= ClA ;G=> ;SE CUS=> =Py? ?WT
AuC=TM AUOA=uk Cz =eM '55' aB= =eM '55{
'55'

P3
JV , " S "#
@;

, "#

, 4

J S5
JH

,
'7

b m"T p
% !PN m"T p

% !PN
8 "3 , "#

, % " S "#

7AiX av 'J


'55/

'55c

'556

'55|

'55{

<0
<60EG

60E<-

20G E - 0 E` 2 0E ` 2E0 G- 6E0

< ‹


` ‹

``‹

`-‹

EG‹


`‹

6‹

6‹

`‹

E‹

,

e=> CUPf=> kl= OPQ=> ;G=> ;SE @g= ?;XYi= CUS=> =Py?

!"#

^ " S "#
! M"

N#

"

, 4

'7

M: m!PNp = .

= , > "# ,


t N#

M: m.Np m

" , : T" A '0 8 "= A '0 ";

3 5 $ , 9
" S5

C

R "H
9

>

"#

b
"

b
x , 3

, AK"

,;

:; 5 F


"9 " S "#

, W ,0 z ,

, Z H

?

>

mA 7

4

"
Q

80

,

r ,

?

4
p0

H


b

"

b J '

, AK"

OD" ƒ

: ',;
'0 !PN

GG<0 .

7 "*

!b

= "#R `-‹

= , > "# ,

W , "Π" S "#

t

N#


H " % 9

=

9 [ = , > 0

"# , A(
'7

3

"

t p

9 ,

'7 " ' "

r , & " : % “ 0 !PN #T"

,

M: r R

"#

=' "# ,

"b


J9 " S "#
, " S "#

" T' !PN

l > G

' = vM" @" # .

D" "#R " = Z H 0 R !PN

='

8 "3 , "

b

$% &'(

, 4

, 4

'7 Z H " 0 :;
'7 Z H

, " S "#

8 0 D" A " = " S "#


,
, 4

?

,T5
'7

:;

= , > ) T"


×