Y3I>EK11ctoh pecnYI>U11kac11 ou11 ba ypta

min A(T) = A^T (l\OHyH 6HJl H Ba MOJlH51 6O3OpH TOMOHH)l,aH ypHaTHJl H
TapTH6)l, TaJl 6 l\HJlHHa)l,HraH HHcpOpMau,H51Jl p cOHH Ba cHcpaTH MHl\)l,OpH Kynai1 MacH) – A^P (3MHTeHT TOMOHH)l, H peaJl TabMHHJl 6epHJl HHcpOpMau,H51 cOHH Ba cHcpaTH MHl\)l,OpH Kynai1 MacH).


yH)l, HHcpOpMau,H51 HHr cHcpaT MHl\)l,OpH 3MHTeHTHHHr MOJlH51 6O3OpH)l, rH HMH)l, TawKHJl 3TyBYH Ba x,OJl cHcpaTHHH 6eJlrHJl Hl\ O)l,Hi1 (MOJlH51 BHi1), KOpnOpaTHB 6Owl\ yBH, MOJlH51BHi1 HHcTpyMeHTJl pH Ba 6Owl\ KypcaTKHY Jl H acOcH)l, 6ax,OJl MyMKHH 6yJl peHTHHrH Ba/eKH pei1 HHrH ep)l,aMH)l,a HcpO)l, Jl )l, . VIHcp Mau, 51Jl p cOHH 3ca 3MHTeHT TOMOHH)l,aH 6epHJl Jl 6yJlraH x,HcO6OTJl p Ba MabJlyMOTJl p MHl\)l,OpH)l,aH KeJlH6 YHl\a)l,H.
yHeHHHr 6apYa MaMJlaKaTJl H MOJlH51 6O3OpJlapH)l, 3Hr acOcHi1, caJl l\Jl Ba cHcpaTJlH 3MHTeHT cHcpaTH)l,a BaKOJlaTJl )l, BJl OpraHJlapH (MOJlH51 Ba3HpJlHrH, MapKa3Hi1 6aHK) x,HcO6Jl Ha)l,H. Kei1HHrrH ypHH)l, 3ca Max,aJlJlHi1 x,OKHMH51TJl (M3pH51Jl p, MyHHu,HnaJlHTeTJl , x,OKHMH51TJl ) Typa)l, .
aBJlaT OpraHJl HHHr npOcp OHaJl 3MHTeHT cHcp )l, cp JlH51TJl H )l,aBJl MOJlH51BHi1 HHcTpyMeHTJl pHHH (MHJlJlHi1 BaJl TacH Ba l\ MMaTJlH l\ FO3Jl H) )l, BJl HHr Hl\ O)l,Hi1 cHecaTHHH opHTHw Mal\ca)l,H)l, YHl\ w Opl\aJl aMaJl OwHpHJla)l, . X,y)l,)l, wy Mal\ )l,)l, )l,aBJl OpraHJl H npOcp cHOHaJl HHBecTHu, OH cp OJlH51 HH Ba npOcp cHOHaJl MOJlH51 HHcTHTyTH Onepau,H51Jl pHHH x,aM aMaJlra OwHpa)l, . y cp JlH51TJl 6HJl 6Hpra BaKOJlaTJl )l,aBJl OpraHJl H MOJlH51 6O3OpHHH TapTH6Jl HH (MyBOcpHl\Jl w Ba Ha3OpaT l\HJlHwHH) aMaJl OwHpa)l,H.
3MHTeHTJl MOJlH51 6O3OpH)l, MOJlH51BHi1 HHcTpyMeHTJlapHHH YHl\ pyBYH Ba yJl HH peaJl 6a3HcHra 6yJl 3KBHBaJl HTJlHJl )l, pa acHHH TabMHHJlOBYH HHcTHTyTJl p pOJl 6a apa)l, . Owl\ Ya l\HJlH6 ai1 raH)l, , 3MHTeHTJl y3JlapHHHHr MOJlH51 i1 HHcTpyMeHTJl H cHcp KypcaTKHYJl HH aKc 3TTHpyBYH 6H3Hec KanHTaJlH pOJl 6a apa)l, . Y3 HaB6aTH)l,a 6Hp Bal\THHHr y3H)l,a MOJlH51 i1 HHcTpyMeHTJl yJl HH YHl\apyBYH 3MHTeHTHHHr 6H3Hec cHcpaTHHH aKc 3TTHpyBYH 6O3Op KanHTaJlH pOJl 6a apa)l, . 3MHTeHT MOJlH51BHi1 HHcTpyMeHTJl p MaH6aH 6yJl , MOJlH51 6O3OpHHHHr HHBecTHu, OH peu,enTOpH (MOJlH51BHi1 pecypcJlapHH l\a6yJl l\HJlyBYH Ba yJl H HwJl YHl\ w)l, HwJl YH peaJl KanHTaJl a ai1Jl HTHpyBYH) Ba MOJlH51 i1 HHcTpyMeHTJl pHH )l, pOMa)l, (3apap) 6HJlaH TabMHHJlOBYH 6H3Hec KanHTaJlH (Hl\ )l, HHr TH OpaT cy6beKTH 6yJl , )l,aBJl OpraHJl 6yH)l, MycTacHO) x,HcO6JlaHa)l, .
K, MaTJl l\ 3Jl 3MHccH51 )l, Ma 6ypH51TJlap 6yi1 Ya aBO6rapJlHK 3MHTeHTJl HHr 3HMMacH)l,a)l,Hp.

3MHTeHTJl	l\	HYHJl a MyBOcpHl\ HHBecTOpJl	OJl)l,H)l,	yJlapra eTKa3HJl aH 3apap yYyH
l\ i1H)l, rH x,OJlaTJl	6yi1	a MyJl Hi1 aB6Orap:

• 
  HHBecTOpJl TaJl ra acOcaH l\ MaTJlH l\OFO3Jl 6O3OpH)l, HHBecTOp Jlap x,yl\yl\Jl x,HMO51 l\HJlHw TyFpHcH)l, rH l\OHyHYHJl )l, 6eJlrHJl H MabJl MOTJl pHH Tal\)l, l\HJlMacJl eKH HOTyFpH MabJl MOTJl Tal\)l,HM l\HJlHw;
  
• 
  l\ MaTJlH l\OFO3Jl 3MHccH51 HHHHr 6eJlrHJl HraH TapTH6HHH 6y3Hw;
  
• 
  l\ TJl l\ O3Jl Hr HHcOcp peKJlaMacHHH aMaJlra OwHpraHJlHK, l\ MaTJl l\OFO3Jl pHHHr l\ H x, aTJl pH)l,a 6eJlrHJl H TapTH6)l,a pyi1 aT)l,aH yTKa3HJl raH YHl\apHJlHwHHHHr peKJl cH, wyHHHr)l, K MyOMaJl )l, 6yJlHwH l\ H 6HJl H Tal\Hl\JlaHraH l\HMMaTJl l\ O3Jl Hr peKJl cH yYyH;
  
• 
  HHBecTOpJl 6HJlaH yJl HHHr l\ TJlH l\OFO3Jl p 6O3OpH)l,a HHBecTOpJl x, l\ l\Jl x,HMO51 l\HJlHw TyFpHcH)l,arH l\OHyH x, aTJl pH)l,a Ha3ap)l,a TyTHJl x, l\ l\Jl YeKJlai1)l,HraH, 3MHTeHTJl pHHHr aBO6rapJl HHH YeKJlai1)l,HraH wapTHOMaJl pHH Ty3Hw;
  
• 
  aHHl\Jl aH x,Hi1Jl Hai1paHr HwJl cpaKTJl Ba l\ Jl l\OFO3Jl 6O3OpH)l, 6Owl\ l\OH)l, 6y3apJlHKJlap, wyHHHr)l, K l\ TJl l\OFO3Jl p, l\ TJlH l\OFO3Jl HHr 3MHTeHTJl pH, l\ MaTJl
  

l\ FO3Jl )l,OHp HapXJl TyFpHcH)l, , wy yMJla)l, peKJl a)l, l\ac)l,)l, 6y3H6 KypcaTHJl aH aX6OpOTHH Tal\)l, 3THw i1yJl 6HJlaH HHBecTOpJl l\ MMaTJl l\OFO3Jl pHH cOTH6 OJl Ba cOTHwra )l, bBaT l\ Jl Jl yYyH;

• 
  HHBecTOpJl 6HJl Ty3HJl aH wapTHOMaJlap wapTJl HH 6a apMaraH JlHK eKH JlO3HM )l,apa a)l, 6a apMaraHJl , wyHHHr)l, K HHBecTOp 6HJl Ty3HJl wapTHOMa)l,a l\ i1)l, 3THJlraHH)l,aH cp pl\ l\HJla)l, H wapTJl p)l,a 6HTHM Ty3raHJlHK yYyH.
  

Caao!l!lap

1. 
   3MHTeHTJl KHMJlap Ba yJl l\ai1 6eJl HJl 6yi1HYa TacHHcpJl a)l, ?
   
2. 
   3MHTeHTJlapHHHr l\ H)l, i1 cHecaTJlapHHH 6HJl H3?
   
3. 
   3MHTeHTJl ra l\aH)l,ai1 TaJla6Jl l\yi1 Jla)l, ?
   
4. 
   3MHTeHTJl HHHr TpaHcnapeHTJl )l, HHMa?
   
5. 
   3MHTeHTJl HHHr HHBecTOpJlap OJl)l,H)l, aBO6rapJl H HHMaJl )l, H6OpaT?
   

Tonmupu !l

1. 
   3MHTeHTJl pHHHr MOJlH51 6O3OpH)l, rH pOJl HH Tax,JlHJl l\HJl .
   
2. 
   TepMHHJl p Jl FaTHHH Ty3HHr.