$30 off During Our Annual Pro Sale. View Details »

AI最新論文読み会2021年4月

 AI最新論文読み会2021年4月

More Decks by 医療AI研究所@大阪公立大学

Other Decks in Education

Transcript

  1. দࢁ྄༎
    "*࠷৽࿦จಡΈձ೥݄
    UPQSFDFOUɺUPQIZQFɺࠓ݄ͷGFBUVSF

    View Slide

  2. ൃදऀ
    ུྺ
    w एদ৘ใγεςϜɹদࢁ྄༎
    w ೥΄Ͳ੡଄ۀʹͯੜ࢈؅ཧʙ੡඼ઃܭ΍ൢചɺܦӦࣄ຿
    w ೥΄Ͳ4BB4اۀͰࣾ಺*5ΤϯδχΞ
    ݱࡏ
    w ࣾ಺*5ؔ܎ʢ͍ΘΏΔ৘γεʣ
    w ҩྍ"*ݚڀͷ͓ख఻͍
    w ੡଄ϥΠϯޮ཰Խͷٕज़ௐࠪʙ։ൃ

    View Slide

  3. ΞδΣϯμ
    w UPQSFDFOU
    w UPQIZQF

    View Slide

  4. ຋༁
    w ແྉ൛
    w ݻ༗໊ࢺ͸΍͸Γऑ͍ͷͰؾΛ෇͚Δ
    ʢ5SBOTGPSNFS $POUSBTUJWF ʜʣ
    w վߦll͕ೖΔͱผͷҙຯʹͳΔͷͰɺςΩετΤ
    σΟλͰআڈʢ%FFQ-Ͱ΋લॲཧେࣄʣ

    View Slide

  5. ໨࿥
    UPQSFDFOU
    )PXUPSFQSFTFOUQBSUXIPMFIJFSBSDIJFTJOBOFVSBMOFUXPSL
    1SFUSBJOFE5SBOTGPSNFSTBT6OJWFSTBM$PNQVUBUJPO&OHJOFT
    %FFQ(FOFSBUJWF.PEFMMJOH"$PNQBSBUJWF3FWJFXPG7"&T ("/T /PSNBMJ[JOH'MPXT &OFSHZ#BTFEBOE"VUPSFHSFTTJWF
    .PEFMT
    (FOFSBUJWF"EWFSTBSJBM5SBOTGPSNFST
    4FMGTVQFSWJTFE1SFUSBJOJOHPG7JTVBM'FBUVSFTJOUIF8JME
    3FWJTJUJOH3FT/FUT*NQSPWFE5SBJOJOHBOE4DBMJOH4USBUFHJFT
    "$SBTI$PVSTFPO3FJOGPSDFNFOU-FBSOJOH
    1FSDFJWFS(FOFSBM1FSDFQUJPOXJUI*UFSBUJWF"UUFOUJPO
    *OWPMVUJPO*OWFSUJOHUIF*OIFSFODFPG$POWPMVUJPOGPS7JTVBM3FDPHOJUJPO
    "OZDPTU("/TGPS*OUFSBDUJWF*NBHF4ZOUIFTJTBOE&EJUJOH

    View Slide

  6. ໨࿥
    UPQIZQF
    )PXUPSFQSFTFOUQBSUXIPMFIJFSBSDIJFTJOBOFVSBMOFUXPSL
    .JOJNVN%JTUPSUJPO&NCFEEJOH
    #BSMPX5XJOT4FMG4VQFSWJTFE-FBSOJOHWJB3FEVOEBODZ3FEVDUJPO
    -FBSOJOHUPJEFOUJGZJNBHFNBOJQVMBUJPOTJOTDJFOUJpDQVCMJDBUJPOT
    (FOFSBUJOH*NBHFTXJUI4QBSTF3FQSFTFOUBUJPOT
    ;FSP4IPU5FYUUP*NBHF(FOFSBUJPO
    %P5SBOTGPSNFS.PEJpDBUJPOT5SBOTGFS"DSPTT*NQMFNFOUBUJPOTBOE"QQMJDBUJPOT
    (FOFSBUJWF"EWFSTBSJBM5SBOTGPSNFST
    4FMG4VQFSWJTFE-FBSOJOHPG(SBQI/FVSBM/FUXPSLT"6OJpFE3FWJFX
    #FIBWJPS'SPNUIF7PJE6OTVQFSWJTFE"DUJWF1SF5SBJOJOH
    EVQMJDBUFE
    EVQMJDBUFE
    GFBUVSF

    View Slide

  7. UPQSFDFOU

    View Slide

  8. χϡʔϥϧωοτϫʔΫʹ͓͚Δύʔτɾϗʔϧ֊૚ͷදݱํ๏
    )PXUPSFQSFTFOUQBSUXIPMFIJFSBSDIJFTJOBOFVSBMOFUXPSL
    w ͜ͷ࿦จͰ͸ɺ࣮ࡍͷγεςϜΛઆ໌͢Δ΋ͷͰ͸͋Γ·ͤΜɻͦͷ୅ΘΓʹɺදݱʹؔ͢ΔҰͭͷΞΠσΞΛఏࣔ͠ɺ͍͔ͭ͘ͷ
    ҟͳΔάϧʔϓʹΑΔਐาΛ(-0.ͱݺ͹ΕΔ૝૾্ͷγεςϜʹ౷߹͢Δ͜ͱΛՄೳʹ͍ͯ͠Δɻ͜ΕΒͷਐาʹ͸ɺτϥϯε
    ϑΥʔϚʔɺχϡʔϥϧϑΟʔϧυɺରরతͳදݱֶशɺৠཹɺΧϓηϧͳͲ͕͋Γ·͢ɻ(-0.͸࣍ͷΑ͏ͳٙ໰ʹ౴͑·͢ɻݻ
    ఆ͞ΕͨΞʔΩςΫνϟΛ࣋ͭχϡʔϥϧωοτϫʔΫ͸ɺͲͷΑ͏ʹͯ͠ը૾Λղੳ͠ɺը૾͝ͱʹҟͳΔߏ଄Λ࣋ͭ෦෼શମ
    ͷ֊૚Λ࡞Δ͜ͱ͕Ͱ͖Δͷ͔ʁͦΕ͸ɺಉ͡ϕΫτϧͷౡΛ࢖ͬͯղੳ໦ͷϊʔυΛදݱ͢Δͱ͍͏୯७ͳ΋ͷͰ͢ɻ(-0.͕
    ࣮༻Խ͞ΕΕ͹ɺม׵ثͷΑ͏ͳγεςϜ͕ੜ੒͢ΔදݱΛࢹ֮΍ݴޠʹԠ༻ͨ͠ͱ͖ͷղऍੑ͕େ෯ʹ޲্͢Δ͸ͣͩɻ
    w 5IJTQBQFSEPFTOPUEFTDSJCFBXPSLJOHTZTUFN*OTUFBE JUQSFTFOUTBTJOHMFJEFBBCPVUSFQSFTFOUBUJPOXIJDIBMMPXT
    BEWBODFTNBEFCZTFWFSBMEJ⒎FSFOUHSPVQTUPCFDPNCJOFEJOUPBOJNBHJOBSZTZTUFNDBMMFE(-0.5IF
    BEWBODFTJODMVEFUSBOTGPSNFST OFVSBMpFMET DPOUSBTUJWFSFQSFTFOUBUJPOMFBSOJOH EJTUJMMBUJPOBOEDBQTVMFT(-0.
    BOTXFSTUIFRVFTUJPO)PXDBOBOFVSBMOFUXPSLXJUIBpYFEBSDIJUFDUVSFQBSTFBOJNBHFJOUPBQBSUXIPMFIJFSBSDIZ
    XIJDIIBTBEJ⒎FSFOUTUSVDUVSFGPSFBDIJNBHF 5IFJEFBJTTJNQMZUPVTFJTMBOETPpEFOUJDBMWFDUPSTUPSFQSFTFOUUIF
    OPEFTJOUIFQBSTFUSFF*G(-0.DBOCFNBEFUPXPSL JUTIPVMETJHOJpDBOUMZJNQSPWFUIFJOUFSQSFUBCJMJUZPG
    UIFSFQSFTFOUBUJPOTQSPEVDFECZUSBOTGPSNFSMJLFTZTUFNTXIFOBQQMJFEUPWJTJPOPSMBOHVBHF
    IUUQTBSYJWPSHBCTW

    View Slide

  9. 'JHVSF5IJTJTBEJ⒎FSFOUXBZPGWJTVBMJ[JOHUIFBSDIJUFDUVSFTIPXOJOpHVSFXIJDINBLFTUIFSFMBUJPOTIJQPGUIBUBSDIJUFDUVSFUP
    USBOTGPSNFSTNPSFPCWJPVT5IFIPSJ[POUBMEJNFOTJPOXIJDISFQSFTFOUTUJNFJOpHVSFCFDPNFTUIFWFSUJDBMEJNFOTJPOXIJDISFQSFTFOUT
    MBZFSTJOUIJTpHVSF"UFBDIMPDBUJPO FWFSZMBZFSOPXIBTFNCFEEJOHTGPSBMMPGUIFMFWFMTJOUIFQBSUXIPMFIJFSBSDIZ5IJTDPSSFTQPOETUP
    WFSUJDBMMZDPNQSFTTJOHUIFEFQJDUJPOPGUIFMFWFMTXJUIJOBTJOHMFUJNFTMJDFJOpHVSF"TJOHMFGPSXBSEQBTTUISPVHIUIJTBSDIJUFDUVSFJTBMM
    UIBUJTSFRVJSFEUPJOUFSQSFUBTUBUJDJNBHF"MMPGUIFMFWFMTQFDJpDCPUUPNVQBOEUPQEPXOOFVSBMOFUTBSFTIPXOIFSFBTBTJOHMFOFVSBMOFU
    'JHVSFTIPXTUIFJOEJWJEVBMCPUUPNVQBOEUPQEPXOOFVSBMOFUTGPSUIJTBMUFSOBUJWFXBZPGWJFXJOHUIF(-0.BSDIJUFDUVSF

    View Slide

  10. 'JHVSF"QJDUVSFPGUXPBEKBDFOUMBZFSTPG(-0.GPSBTJOHMFMPDBUJPO JFQBSUPGBTJOHMFDPMVNO
    %VSJOHUIFGPSXBSEQBTT UIFFNCFEEJOHWFDUPSBUMFWFM-
    SFDFJWFTJOQVUGSPNUIFMFWFM-FNCFEEJOHWFDUPSJOUIFQSFWJPVTMBZFSWJBBNVMUJMBZFSCPUUPNVQOFVSBMOFU*UBMTPSFDFJWFTJOQVUGSPNUIFMFWFM-FNCFEEJOHJO
    UIFQSFWJPVTMBZFSWJBBNVMUJMBZFSUPQEPXOOFVSBMOFU5IFEFQFOEFODFPOMFWFM-JOUIFQSFWJPVTMBZFSJNQMFNFOUTUPQEPXOF⒎FDUTEVSJOHUIFGPSXBSEQBTT
    5IFMFWFM-FNCFEEJOHJOMBZFSUBMTPEFQFOETPOUIFMFWFM-FNCFEEJOHJOMBZFSUBOEBOBUUFOUJPOXFJHIUFETVNPGUIFMFWFM-FNCFEEJOHTBUPUIFSOFBSCZ
    MPDBUJPOTJOMBZFSU5IFTFXJUIJOMFWFMJOUFSBDUJPOTBSFOPUTIPXO

    View Slide

  11. w DBQTVMFɾɾɾ෺ମΛϕΫτϧͰݕ஌͢Δχϡʔϩϯ܈
    IUUQTBJEFNZOFUNBHB[JOF
    w શମʢXIPMF FY
    إʣͱ෦෼ʢQBSU FY
    ໨ɾඓɾޱʣͱ
    ͷؔ܎ੑʢࢹ఺ෆมͷۭؒతؔ܎ɺͦΕͧΕͷ
    JOUSJOTJDDPPSEJOBUFGSBNFTؒͰ࠲ඪม׵͢ΔϞσϧ
    Λ࢖ͬͯਓؒ͸ೝ͍ࣝͯ͠Δʣ
    w JOUSJOTJDDPPSEJOBUFGSBNFTɾɾɾݻ༗ͷ࠲ඪϑϨʔ
    Ϝ
    w ֤ϨϕϧʢγʔϯɺΦϒδΣΫτɺύʔπɺαϒύʔ
    πɺ࠷௿ϨϕϧʣؒʹӨڹ͍͋͠ɺQBSUTXIPMF
    IJFSBSDIZΛܗ੒͢Δ

    View Slide

  12. ϢχόʔαϧͳܭࢉΤϯδϯͱͯ͠ͷϓϦτϨΠϯɾτϥϯεϑΥʔϚʔ
    1SFUSBJOFE5SBOTGPSNFSTBT6OJWFSTBM$PNQVUBUJPO&OHJOFT
    w ຊݚڀͰ͸ɺࣗવݴޠͰࣄલֶश͞Εͨม׵ث͕ɺ࠷খݶͷඍௐ੔ͰଞͷϞμϦςΟʹҰൠԽͰ͖Δ͔Ͳ͏͔Λௐࠪ͢Δɻզʑ͸͜ͷ
    Α͏ͳϞσϧΛ'SP[FO1SFUSBJOFE5SBOTGPSNFS '15
    ͱݺͼɺ਺஋ܭࢉɺࢹ֮ɺλϯύΫ࣭ͷંΓ৞Έ༧ଌͳͲͷ༷ʑͳ഑ྻ෼ྨλ
    εΫʹ͓͍ͯɺ'15ͷඍௐ੔Λݚڀ͢Δɻલֶशσʔληοτͱಉ͡ϞμϦςΟͰͷඍௐ੔Λௐࠪͨ͠ઌߦݚڀͱ͸ରরతʹɺࣗવݴޠ
    Ͱͷલֶश͸ɺඇݴޠԼྲྀλεΫͰͷੑೳͱܭࢉޮ཰Λ޲্ͤ͞Δ͜ͱΛࣔ͢ɻಛʹɺ͜ͷΑ͏ͳࣄલֶशΛߦ͏͜ͱͰɺ'15͸͜ΕΒ
    ͷϞμϦςΟʹରͯ͠θϩγϣοτͰҰൠԽ͢Δ͜ͱ͕Ͱ͖ɺ͜ΕΒͷλεΫͰ׬શʹֶशͨ͠ม׵ثͷੑೳʹඖఢ͢Δ͜ͱ͕Θ͔Γ
    ·ͨ͠ɻ
    w 8FJOWFTUJHBUFUIFDBQBCJMJUZPGBUSBOTGPSNFSQSFUSBJOFEPOOBUVSBMMBOHVBHFUPHFOFSBMJ[FUPPUIFSNPEBMJUJFTXJUI
    NJOJNBMpOFUVOJOHJOQBSUJDVMBS XJUIPVUpOFUVOJOHPGUIFTFMGBUUFOUJPOBOEGFFEGPSXBSEMBZFSTPGUIFSFTJEVBMCMPDLT
    8FDPOTJEFSTVDIBNPEFM XIJDIXFDBMMB'SP[FO1SFUSBJOFE5SBOTGPSNFS '15
    BOETUVEZpOFUVOJOHJUPOBWBSJFUZPG
    TFRVFODFDMBTTJpDBUJPOUBTLTTQBOOJOHOVNFSJDBMDPNQVUBUJPO WJTJPO BOEQSPUFJOGPMEQSFEJDUJPO*ODPOUSBTUUPQSJPS
    XPSLTXIJDIJOWFTUJHBUFpOFUVOJOHPOUIFTBNFNPEBMJUZBTUIFQSFUSBJOJOHEBUBTFU XFTIPXUIBUQSFUSBJOJOHPOOBUVSBM
    MBOHVBHFJNQSPWFTQFSGPSNBODFBOEDPNQVUFF⒏DJFODZPOOPOMBOHVBHFEPXOTUSFBNUBTLT*OQBSUJDVMBS XFpOEUIBU
    TVDIQSFUSBJOJOHFOBCMFT'15UPHFOFSBMJ[FJO[FSPTIPUUPUIFTFNPEBMJUJFT NBUDIJOHUIFQFSGPSNBODFPGBUSBOTGPSNFS
    GVMMZUSBJOFEPOUIFTFUBTLT
    IUUQTBSYJWPSHBCTW
    IUUQTHJUIVCDPNL[MVOJWFSTBMDPNQVUBUJPO

    View Slide

  13. w USBOTGPSNFSͷҰൠԽೳྗΛ໛ࡧ͍ͯ͠Δਓͨͪ
    w NVMUJNPEBMJUZΛ໨తͱͯ͠ࣄલֶशͨ͠USBOTGPSNFSͰ͋Δ
    'SP[FO1SFUSBJOFE5SBOTGPSNFSΛ୳ڀ͢Δʹ͋ͨΓɺࣗવݴޠʹΑΔࣄલֶ
    श͕࠷΋ੑೳ͕ྑ͔ͬͨʢଞ͸ྑ͠ѱ͋͠Γʣ
    w )PNPMPHZʢλϯύΫ࣭ߏ଄ղੳʣʹ͍ͭͯ͸ɺจ๏ͷΑ͏ͳنଇੑ͕ɺ෼ࢠ
    ͷܨ͕Γʹ͓͚ΔنଇੑʹసԽ͞Εͨͷ͔΋͠Εͳ͍ɻ
    w OͳͲͷ௕͍γʔέϯεʹ΋ରԠͰ͖Δ

    View Slide

  14. View Slide

  15. %FFQ(FOFSBUJWF.PEFMMJOH7"&ɺ("/ɺਖ਼نԽϑϩʔɺΤωϧΪʔϕʔεϞσ
    ϧɺࣗݾճؼϞσϧͷൺֱϨϏϡʔ
    %FFQ(FOFSBUJWF.PEFMMJOH"$PNQBSBUJWF3FWJFXPG7"&T ("/T
    /PSNBMJ[JOH'MPXT &OFSHZ#BTFEBOE"VUPSFHSFTTJWF.PEFMT
    w ਂ૚ੜ੒ϞσϦϯά͸ɺֶशαϯϓϧͷ෼෍ΛϞσϧԽ͢ΔͨΊʹਂ૚χϡʔϥϧωοτϫʔΫΛ܇࿅͢Δٕज़ͷҰ܈Ͱ͋Δɻݚڀ
    ͸ɺ૬ޓʹؔ࿈͢Δ͞·͟·ͳΞϓϩʔνʹ෼͔Ε͓ͯΓɺͦΕͧΕ͕ϥϯλΠϜɺଟ༷ੑɺΞʔΩςΫνϟͷ੍ݶͳͲͷτϨʔυ
    ΦϑΛߦ͍ͬͯ·͢ɻಛʹ͜ͷେཁͰ͸ɺΤωϧΪʔϕʔεͷϞσϧɺม෼ΦʔτΤϯίʔμʔɺੜ੒తٯઆωοτϫʔΫɺࣗݾճ
    ؼϞσϧɺਖ਼نԽϑϩʔʹՃ͑ͯɺଟ਺ͷϋΠϒϦουΞϓϩʔνΛΧόʔ͍ͯ͠·͢ɻ͜ΕΒͷٕज़͸ɺҰͭͷ·ͱ·ͬͨϑϨʔ
    ϜϫʔΫͷԼʹඳ͔Ε͓ͯΓɺͦΕͧΕͷٕज़ͷഎޙʹ͋ΔલఏΛઆ໌͢ΔͨΊʹൺֱରরΛߦ͍ɺݱࡏͷ࠷৽ͷਐาͱ࣮૷ΛϨ
    Ϗϡʔ͍ͯ͠·͢ɻ
    w %FFQHFOFSBUJWFNPEFMMJOHJTBDMBTTPGUFDIOJRVFTUIBUUSBJOEFFQOFVSBMOFUXPSLTUPNPEFMUIFEJTUSJCVUJPOPG
    USBJOJOHTBNQMFT3FTFBSDIIBTGSBHNFOUFEJOUPWBSJPVTJOUFSDPOOFDUFEBQQSPBDIFT FBDIPGXIJDINBLJOHUSBEFP⒎T
    JODMVEJOHSVOUJNF EJWFSTJUZ BOEBSDIJUFDUVSBMSFTUSJDUJPOT*OQBSUJDVMBS UIJTDPNQFOEJVNDPWFSTFOFSHZCBTFE
    NPEFMT WBSJBUJPOBMBVUPFODPEFST HFOFSBUJWFBEWFSTBSJBMOFUXPSLT BVUPSFHSFTTJWFNPEFMT OPSNBMJ[JOHqPXT JO
    BEEJUJPOUPOVNFSPVTIZCSJEBQQSPBDIFT5IFTFUFDIOJRVFTBSFESBXOVOEFSBTJOHMFDPIFTJWFGSBNFXPSL DPNQBSJOH
    BOEDPOUSBTUJOHUPFYQMBJOUIFQSFNJTFTCFIJOEFBDI XIJMFSFWJFXJOHDVSSFOUTUBUFPGUIFBSUBEWBODFTBOE
    JNQMFNFOUBUJPOT
    IUUQTBSYJWPSHBCTW

    View Slide

  16. w ਂ૚ੜ੒Ϟσϧʹؔ͢Δ
    αʔϕΠ

    View Slide

  17. (FOFSBUJWF"EWFSTBSJBM5SBOTGPSNFST
    w զʑ͸ɺ৽ن͔ͭޮ཰తͳλΠϓͷม׵ثͰ͋Δ("/TGPSNFSΛಋೖ͠ɺࢹ֮తͳੜ੒ϞσϦϯάͷλεΫͷͨΊʹͦΕΛ୳ٻ͢Δɻ("/TGPSNFS͸ೋ෦ߏ଄Λ࠾༻ͯ͠
    ͓Γɺߴղ૾౓ͷ߹੒ʹ΋ରԠͰ͖Δઢܗޮ཰ͷܭࢉΛҡ࣋͠ͳ͕Βɺը૾ؒͷ௕ڑ཭ͷ૬ޓ࡞༻ΛՄೳʹ͠·͢ɻ͜ͷωοτϫʔΫ͸ɺજࡏม਺ͷηοτ͔ΒਐԽ͢Δࢹ
    ֮తಛ௃΁ɺ·ͨ͸ͦͷٯ΁ͱɺ৘ใΛ൓෮తʹ఻ൖͤ͞·͢ɻ͜ΕʹΑΓɺଞํͷ৘ใʹরΒ͠߹Θ֤ͤͯ৘ใΛચ࿅ͤ͞ɺΦϒδΣΫτ΍γʔϯͷߏ੒తͳදݱͷग़ݱ
    Λଅ͠·͢ɻݹయతͳม׵ثͷΞʔΩςΫνϟͱ͸ରরతʹɺ͜ͷϞσϧ͸ɺॊೈͳྖҬϕʔεͷϞδϡϨʔγϣϯΛՄೳʹ͢Δ৐๏త౷߹Λར༻͓ͯ͠Γɺ੒ޭͨ͠
    4UZMF("/ωοτϫʔΫͷҰൠԽͱݟͳ͢͜ͱ͕Ͱ͖·͢ɻγϛϡϨʔγϣϯ͞Εͨଟ෺ମ؀ڥ͔Β࣮ੈքͷ԰಺֎ͷ๛͔ͳγʔϯ·Ͱɺ͞·͟·ͳσʔληοτΛ৻ॏʹ
    ධՁ͢Δ͜ͱͰɺ͜ͷϞσϧͷڧ͞ͱݎ࿚ੑΛ࣮ূ͠·ͨ͠ɻͦͷ݁Ռɺߴ଎ֶशͱσʔλޮ཰ͷ޲্Λ࣮ݱ͠ͳ͕Βɺը࣭ͱଟ༷ੑͷ໘Ͱ࠷ઌ୺ͷ݁ՌΛୡ੒͠·ͨ͠ɻ
    ͞Βʹɺ࣭తɾྔతͳ࣮ݧʹΑΓɺϞσϧͷ಺෦ߏ଄Λ೺Ѳ͢Δ͜ͱ͕Ͱ͖ɺղऍͷ͠΍͢͞΍෼཭ͷ͠΍͕͢͞޲্͍ͯ͠Δ͜ͱ͕໌Β͔ʹͳΓɺຊΞϓϩʔνͷར఺ͱ
    ༗ޮੑ͕ࣔ͞Ε·ͨ͠ɻ
    w 8FJOUSPEVDFUIF("/TGPSNFS BOPWFMBOEF⒏DJFOUUZQFPGUSBOTGPSNFS BOEFYQMPSFJUGPSUIFUBTLPGWJTVBMHFOFSBUJWFNPEFMJOH5IFOFUXPSLFNQMPZTB
    CJQBSUJUFTUSVDUVSFUIBUFOBCMFTMPOHSBOHFJOUFSBDUJPOTBDSPTTUIFJNBHF XIJMFNBJOUBJOJOHDPNQVUBUJPOPGMJOFBSMZF⒏DJFODZ UIBUDBOSFBEJMZTDBMFUP
    IJHISFTPMVUJPOTZOUIFTJT*UJUFSBUJWFMZQSPQBHBUFTJOGPSNBUJPOGSPNBTFUPGMBUFOUWBSJBCMFTUPUIFFWPMWJOHWJTVBMGFBUVSFTBOEWJDFWFSTB UPTVQQPSUUIF
    SFpOFNFOUPGFBDIJOMJHIUPGUIFPUIFSBOEFODPVSBHFUIFFNFSHFODFPGDPNQPTJUJPOBMSFQSFTFOUBUJPOTPGPCKFDUTBOETDFOFT*ODPOUSBTUUPUIFDMBTTJD
    USBOTGPSNFSBSDIJUFDUVSF JUVUJMJ[FTNVMUJQMJDBUJWFJOUFHSBUJPOUIBUBMMPXTqFYJCMFSFHJPOCBTFENPEVMBUJPO BOEDBOUIVTCFTFFOBTBHFOFSBMJ[BUJPOPGUIF
    TVDDFTTGVM4UZMF("/OFUXPSL8FEFNPOTUSBUFUIFNPEFMTTUSFOHUIBOESPCVTUOFTTUISPVHIBDBSFGVMFWBMVBUJPOPWFSBSBOHFPGEBUBTFUT GSPNTJNVMBUFE
    NVMUJPCKFDUFOWJSPONFOUTUPSJDISFBMXPSMEJOEPPSBOEPVUEPPSTDFOFT TIPXJOHJUBDIJFWFTTUBUFPGUIFBSUSFTVMUTJOUFSNTPGJNBHFRVBMJUZBOEEJWFSTJUZ
    XIJMFFOKPZJOHGBTUMFBSOJOHBOECFUUFSEBUBF⒏DJFODZ'VSUIFSRVBMJUBUJWFBOERVBOUJUBUJWFFYQFSJNFOUTP⒎FSVTBOJOTJHIUJOUPUIFNPEFMTJOOFSXPSLJOHT
    SFWFBMJOHJNQSPWFEJOUFSQSFUBCJMJUZBOETUSPOHFSEJTFOUBOHMFNFOU BOEJMMVTUSBUJOHUIFCFOFpUTBOEF⒏DBDZPGPVSBQQSPBDI"OJNQMFNFOUBUJPOPGUIF
    NPEFMJTBWBJMBCMFBUIUUQTHJUIVCDPNEPSBSBEHBOTGPSNFS
    IUUQTBSYJWPSHBCTW
    IUUQTHJUIVCDPNEPSBSBEHBOTGPSNFS

    View Slide

  18. ໬౓
    MJLFMJIPPE
    w ʮ૝ఆ͢Δύϥϝʔλʔ͕͋Δ஋ΛͱΔ৔߹ʹ؍ଌ͍ͯ͠Δࣄฑ΍ࣄ৅͕ى͜Γ͏Δ֬཰ͷ͜ͱɻ໬౓
    ͸ύϥϝʔλʔͷؔ਺ͱͯ͠ද͢͜ͱ͕Ͱ͖ΔͷͰ໬౓ؔ਺ͱ΋ݴ͏ɻ
    ྫ͑͹ɺʮຕͷίΠϯΛ౤͛ͯຕͱ΋ද͕ग़ͨʯͱ͍͏؍ଌ݁Ռ͕ಘΒΕͨ৔߹ɺ͜ͷ݁Ռ͕؍ଌ͞
    ΕΔ֬཰͸ίΠϯ͕දʹͳΔ֬཰Λύϥϝʔλʔͱ͢Δؔ਺Ͱද͢͜ͱ͕Ͱ͖Δɻ͜ͷͱ͖ɺͰ͋Ε
    ͹ɺ໬౓͸Ͱ͋Δɻʯ
    IUUQTCFMMDVSWFKQTUBUJTUJDTHMPTTBSZIUNM
    w IUUQTXXXNFEJEBUBXPSLFOUSZZVEP
    w ੜ੒Ϟσϧͱ͸ɺσʔλͱͯ͠؍ଌ͞ΕΔ؍ଌม਺͕ԿΒ͔ͷ֬཰Ϟσϧ͔Βੜ੒͞Ε͍ͯΔͱԾఆ͠ɺ
    ͦͷੜ੒աఔΛ֬཰෼෍ʢΛར༻ͨؔ͠਺ʣʹΑͬͯϞσϧԽ͢ΔΞϓϩʔνɻ
    IUUQTXXXTMJEFTIBSFOFUNBTB@TTT
    w ("/Ͱ͸ࣝผثʢੜ੒ϞσϧͷධՁʣΛಋೖ͠ɺఢର͢ΔೋͭͷωοτϫʔΫΛֶशͤ͞Δɻ

    View Slide

  19. #JQBSUJUF
    CJQBSUJUFʢ෦άϥϑʣͱ͸
    l௖఺ू߹Λͭʹ෼ׂ֤ͯ͠෦෼ͷ௖఺͸ޓ͍ʹྡ઀͠ͳ͍Α͏ʹͰ͖Δάϥϑͷ͜ͱͰ͋Δɻz
    IUUQTKBXJLJQFEJBPSHXJLJ&"&#&"&

    View Slide

  20. જࡏม਺ͱ͸
    lજࡏม਺͸ɺ෼ੳதʹઆ໌ม਺΍Ԡ౴ม਺ͱͯ͠͸ؚ·Ε͍ͯ·ͤΜ͕ɺม਺ؒͷؔ܎ͷղऍʹӨ
    ڹ͢Δม਺Ͱ͢ɻજࡏม਺͸ɺޡͬͯม਺ؒʹڧ͍ؔ܎͕͋Δ͜ͱΛಛఆͨ͠Γɺਅͷؔ܎ΛӅ͠
    ͯ͠·͏͜ͱ͕͋Γ·͢ɻͨͱ͑͹ɺ͋Δݚڀऀ͕ɺμΠΤοτͱӡಈ͕݂ѹʹٴ΅͢ޮՌΛௐ΂
    ͍ͯͨͱ͠·͢ɻ͜͜Ͱͷજࡏม਺ͱ͸ɺඃݧऀͷ٤Ԏͷ༗ແ΍ετϨεͷ౓߹͍ͳͲɺ΍͸Γ݂
    ѹʹӨڹ͢Δม਺Λࢦ͠·͢ɻ
    ౷ܭϞσϧͰ͸ɺޡ߲ࠩ͸ͦͷ޻ఔʹӨڹ͢Δજࡏม਺Λઆ໌͠·͢ɻજࡏม਺Λݟ͚ͭΔʹ͸ɺ
    σʔλͱɺ޻ఔʹӨڹ͢Δॏཁͳม਺ΛΑ͘ཧղ͓ͯ͘͠ඞཁ͕͋Γ·͢ɻ·ͨɺσʔλΛάϥϑ
    Խͯ͠ɺજࡏม਺͕͋Δ͜ͱΛಛఆ͢Δඇઢܗͷ܏޲͕ͳ͍͔Ͳ͏͔Λ֬ೝ͢Δ͜ͱ΋Ͱ͖·͢ɻz
    IUUQTTVQQPSUNJOJUBCDPNKBKQNJOJUBCIFMQBOEIPXUPNPEFMJOHTUBUJTUJDT
    SFHSFTTJPOTVQQPSUJOHUPQJDTSFHSFTTJPONPEFMTXIBUJTBMVSLJOHWBSJBCMF

    View Slide

  21. 'SÉDIFU*ODFQUJPO%JTUBODF
    ࣮ը૾ͷ෼෍͕ߟྀ͞Ε͍ͯͳ͍ͱ͍͏JODFQUJPOTDPSFͷܽ఺Λվળ͢ΔͨΊɺ࣮
    ը૾ͱੜ੒ը૾ͷ෼෍ؒͷڑ཭Λଌ͍ͬͯΔɻJODFQUJPOϞσϧ͔ΒಘΒΕΔಛ௃ϕ
    Ϋτϧʢ࠷ޙͷQPPMJOH૚ͷग़ྗʣ͕ଟมྔਖ਼ن෼෍ʹै͏ͱԾఆ͠ɺ࣮ը૾ͷ෼෍
    ͱੜ੒ը૾ͷ෼෍ؒͷڑ཭Λ'SÉDIFUڑ཭ʢ8BTTFSTUFJOڑ཭ʣʹΑΓٻΊΔɻ
    IUUQTRJJUBDPNL[ZLNZ[XJUFNTDBDFFEEEF

    View Slide

  22. View Slide

  23. lCJQBSUJUFBUUFOUJPOCFUXFFOUIFJNBHFGFBUVSFTBOEBTNBMMDPMMFDUJPOPGMBUFOUWBSJBCMFTz
    72("/ 4UZMF("/ͷੑೳΛҰ෦্ճΔ

    View Slide

  24. 'JHVSF'SPNMFGUUPSJHIU
    1FSGPSNBODFBTB
    GVODUJPOPGTUBSUBOEpOBMMBZFSTUIFBUUFOUJPOJT
    BQQMJFEUP
    EBUBF⒏DJFODZFYQFSJNFOUTGPS$-&73
    5BCMF$IJ4RVBSFTUBUJTUJDTPGUIFPVUQVUJNBHFEJTUSJCVUJPOGPSUIF
    $-&73EBUBTFU CBTFEPOLTBNQMFTUIBUIBWFCFFOQSPDFTTFECZBQSF
    USBJOFEPCKFDUEFUFDUPSUPJEFOUJGZUIFPCKFDUTBOETFNBOUJDQSPQFSUJFT
    XJUIJOUIFTBNQMFHFOFSBUFEJNBHFT
    5BCMF%JTFOUBOHMFNFOUNFUSJDT %$*
    XIJDIBTTFTUIF
    %JTFOUBOHMFNFOU $PNQMFUFOFTTBOE*OGPSNBUJWFOFTT
    PGMBUFOUSFQSFTFOUBUJPOT DPNQVUFEPWFSL$-&73
    JNBHFT5IF("/TGPSNFSBDIJFWFTUIFTUSPOHFTUSFTVMUT
    DPNQBSFEUPDPNQFUJOHBQQSPBDIFT

    View Slide

  25. 4/4ʹग़ճΔը૾ͷࣗݾڭࢣ͋Γࣄલֶश
    4FMGTVQFSWJTFE1SFUSBJOJOHPG7JTVBM'FBUVSFTJOUIF8JME
    w ࠷ۙͰ͸ɺ.P$Pɺ4JN$-3ɺ#:0-ɺ4X"7ͳͲͷࣗݾڭࢣ෇ֶ͖श๏͕ɺڭࢣ෇ֶ͖श๏ͱͷࠩΛॖΊ͍ͯ·͢ɻ͜ΕΒͷ݁Ռ͸ɺߴ౓ʹਫ਼ࠪ͞Εͨ
    *NBHF/FUσʔληοτͱ͍͏؅ཧ͞Εͨ؀ڥͰୡ੒͞Εͨ΋ͷͰ͢ɻ͔͠͠ɺࣗݾڭࢣ෇ֶ͖शͷલఏ͸ɺ೚ҙͷϥϯμϜͳը૾΍ɺ೚ҙͷ੍ݶͷͳ͍
    σʔληοτ͔ΒֶशͰ͖Δ͜ͱͰ͢ɻຊݚڀͰ͸ɺڭࢣͳ͠ͷϥϯμϜͳը૾Ͱେن໛ͳϞσϧΛֶश͢Δ͜ͱʹΑΓɺࣗݾڭࢣ෇ֶ͖श͕ͦͷظ଴ʹ
    Ԡ͑ΒΕΔ͔Ͳ͏͔Λ୳Γ·͢ɻ࠷ऴతʹಘΒΕͨ4&MGTVQ&3WJTFE 4&&3
    Ϟσϧ͸ɺ(16Λ༻͍ͯ#ຕͷϥϯμϜը૾Ͱֶशͨ͠ԯݸͷύϥ
    ϝʔλΛ࣋ͭ3FH/FU:Ͱɺͷτοϓਫ਼౓Λୡ੒͠ɺࣗݾڭࢣ෇͖ͷલֶशϞσϧΛ্ճΓɺࣗݾڭࢣ෇ֶ͖श͕࣮ੈքͰػೳ͢Δ͜ͱΛ֬ೝ
    ͨ͠ɻ·ͨɺڵຯਂ͍͜ͱʹɺࣗݾڭࢣ෇͖Ϟσϧ͸ɺ*NBHF/FUͷ͔͠ΞΫηεͰ͖ͳ͍৔߹Ͱ΋ɺͷτοϓΛୡ੒͢Δ༏Εͨগ਺γϣο
    τֶशऀͰ͋Δ͜ͱ͕Θ͔Γ·ͨ͠ɻ
    w 3FDFOUMZ TFMGTVQFSWJTFEMFBSOJOHNFUIPETMJLF.P$P 4JN$-3 #:0-BOE4X"7IBWFSFEVDFEUIFHBQXJUITVQFSWJTFENFUIPET5IFTF
    SFTVMUTIBWFCFFOBDIJFWFEJOBDPOUSPMFOWJSPONFOU UIBUJTUIFIJHIMZDVSBUFE*NBHF/FUEBUBTFU)PXFWFS UIFQSFNJTFPGTFMGTVQFSWJTFE
    MFBSOJOHJTUIBUJUDBOMFBSOGSPNBOZSBOEPNJNBHFBOEGSPNBOZVOCPVOEFEEBUBTFU*OUIJTXPSL XFFYQMPSFJGTFMGTVQFSWJTJPOMJWFTUPJUT
    FYQFDUBUJPOCZUSBJOJOHMBSHFNPEFMTPOSBOEPN VODVSBUFEJNBHFTXJUIOPTVQFSWJTJPO0VSpOBM4&MGTVQ&3WJTFE 4&&3
    NPEFM B3FH/FU:
    XJUI#QBSBNFUFSTUSBJOFEPO#SBOEPNJNBHFTXJUI(16TBDIJFWFTUPQBDDVSBDZ TVSQBTTJOHUIFCFTUTFMGTVQFSWJTFE
    QSFUSBJOFENPEFMCZBOEDPOpSNJOHUIBUTFMGTVQFSWJTFEMFBSOJOHXPSLTJOBSFBMXPSMETFUUJOH*OUFSFTUJOHMZ XFBMTPPCTFSWFUIBUTFMG
    TVQFSWJTFENPEFMTBSFHPPEGFXTIPUMFBSOFSTBDIJFWJOHUPQXJUIBDDFTTUPPOMZPG*NBHF/FU
    IUUQTBSYJWPSHBCTW
    IUUQTHJUIVCDPNGBDFCPPLSFTFBSDIWJTTM
    w ղઆIUUQTHJHB[JOFOFUOFXTGBDFCPPLTFFSWJTTM

    View Slide

  26. զʑͷ4&MGTVQ&3WJTFEʢҎԼɼʮ4&&3ʯʣࣄલֶशϞσϧ͸ɼ
    *NBHF/FUͷΑ͏ͳਫ਼બ͞ΕͨσʔληοτͰͷॳظֶशʹద͍ͯ͠Δ
    ͚ͩͰͳ͘ɼΘ͔ͣͷ*NBHF/FUͰʢͷBDDVSBDZʣΛୡ੒͢
    Δ༏ΕͨϩʔγϣοτֶशऀͰ΋͋Δͱ͍͏͜ͱͰ͋Δɽ·ͨɺզʑͷ
    Ϟσϧ͸ɺ*NBHF/FUͰ܇࿅͞Εͨڭࢣ෇͖ϞσϧΑΓ΋ɺ͍͔ͭ͘ͷ
    ԼྲྀͷλεΫͰ༏ΕͨੑೳΛୡ੒͓ͯ͠Γɺڭࢣͳ͠ͷσʔλͰ࣮ߦ͠
    ͨ৔߹Ͱ΋ɺڭࢣ෇͖ͷࣄલ܇࿅ͷར఺͕֬ೝ͞Εͨɻ

    View Slide

  27. w ׬શʹσʔλͷબผ΍ϝλσʔλͷແ͍ੜͷঢ়ଶͰJOUIFXJMEʹֶश͢Δɻ
    w ͦͷͨΊʹ͸௒ڊେͳϞσϧͱͨ͠ํ͕Αͦ͞͏͔ͩΒ΍ͬͯΈͨɻ

    View Slide

  28. 5BCMF'JOFUVOJOHPGNPEFMTQSFUSBJOFEXJUITFMGTVQFSWJTJPO8FDPNQBSFXJUIFYJTUJOH
    GFBUVSFTQSFUSBJOFEXJUIOPTVQFSWJTJPO"GUFSQSFUSBJOJOH UIFNPEFMTBSFpOFUVOFEPO
    *NBHF/FUBOEXFSFQPSUUPQBDDVSBDZ8FHJWFUIFEFUBJMTPGUIFBSDIJUFDUVSFTBOE
    EBUBTFUTVTFEGPSQSFUSBJOJOH/VNCFSTBSFUBLFOGSPNUIFSFTQFDUJWFQBQFST%FFQ$MVTUFS
    BOE4X"7BSFQSFUSBJOFEPOVODVSBUFEEBUBTFU XIJMF4JN$-3WJTQSFUSBJOFEPO*NBHF/FU
    POMZ BOE7J5JTQSFUSBJOFEPOBDVSBUFEEBUBTFUPG.JNBHFT
    5BCMF-JOFBS&WBMVBUJPOPOEPXOTUSFBNDMBTTJpDBUJPOUBTLT8FDPNQBSFUIFGFBUVSFTGSPN
    EJ⒎FSFOUQSFUSBJOJOHTXJUIBMJOFBSFWBMVBUJPOPOUPQPGGSP[FOGFBUVSFT8FSFQPSUBDDVSBDZPO
    UIFGPMMPXJOHEPXOTUSFBNUBTLTJ/BUVSBMJTU lJ/BUz
    <> 0QFO*NBHFT l0Q*Nz
    <> 1MBDFT
    <>BOE1BTDBM70$<>
    5BCMF%FUFDUJPOBOE4FHNFOUBUJPOPO$0$08FDPNQBSFUIFQFSGPSNBODFPG
    .BTL3$//NPEFMT<>JOJUJBMJ[FEXJUIEJ⒎FSFOUQSFUSBJOFE3FH/FUBSDIJUFDUVSFT
    BTCBDLCPOFPOUIFEFUFDUJPOBOETFHNFOUBUJPOUBTLTPG$0$0<>8FDPOTJEFS
    UXPBSDIJUFDUVSFT 3FH/FU:HGBOE3FH/FU:HG UIBUXFFJUIFSQSFUSBJOFE
    XJUITVQFSWJTJPOPO*NBHF/FUPSXJUIPVUTVQFSWJTJPOPO#*(JNBHFT 5BCMF$PNQBSJTJPOXJUIXFBLMZTVQFSWJTFEQSFUSBJOJOHPODVSBUFEEBUB8FDPNQBSFQSFUSBJOJOHB
    3FT/F9UEYEXJUITFMGTVQFSWJTJPOPOSBOEPNJNBHFTXJUIQSFUSBJOJOHPOpMUFSFEJNBHFTMBCFMFE
    XJUIIBTIUBHTUIBUBSFTJNJMBSUP*NBHF/FUDMBTTFT<>8FSFQPSUUPQBDDVSBDZPO*NBHF/FUXJUI
    pOFUVOJOH'PSDPNQMFUFOFTT XFBMTPSFQPSUUIFCFTUQFSGPSNBODFSFQPSUFEXJUIMBSHFSBSDIJUFDUVSFT

    View Slide

  29. 'JHVSF*NQBDUPGDBQBDJUZPOMPXTIPUMFBSOJOH8FSFQPSUUIFSFMBUJWFJNQSPWFNFOUJO
    UPQBDDVSBDZXIFOpOFUVOJOHQSFUSBJOFE3FH/FUTXJUIEJ⒎FSFOUDBQBDJUJFTPOBGSBDUJPOPG
    *NBHF/FU/PUFUIBUXFPOMZBDDFTTUPBOEPGUIFJNBHFTBOEUIFJSMBCFMT8FBMTP
    SFQPSUUIFSFMBUJWFJNQSPWFNFOUGPSBQSFUSBJOFENPEFMpOFUVOFEPOUIFGVMM*NBHF/FU
    EBUBTFU lz
    'PSSFGFSFODF XFSFQPSUUIFSFMBUJWFJNQSPWFNFOUPG3FH/FUTUSBJOFEXJUI
    TVQFSWJTJPOPOUIFGVMM*NBHF/FUEBUBTFU l4VQz

    5BCMF-PXTIPUMFBSOJOHPO*NBHF/FU8FDPNQBSFPVSBQQSPBDIXJUITFNJTVQFSWJTFE
    BQQSPBDIFTBOETFMGTVQFSWJTFEQSFUSBJOJOHPOMPXTIPUMFBSOJOH0VSNPEFMJTpOFUVOFE
    POFJUIFSPSPG*NBHF/FU BOEEPFTOPUBDDFTTUIFSFTUPG*NBHF/FUJNBHFT"T
    PQQPTFEUPPVSNFUIPE UIFPUIFSNFUIPETVTFBMMUIFJNBHFTGSPN*NBHF/FUEVSJOHQSF
    USBJOJOHPSpOFUVOJOH

    View Slide

  30. 'JHVSF MFGU
    *NQBDUPGOVNCFSPGVQEBUFT8FDPNQBSFUIFRVBMJUZPGB3FH/FU:('BGUFSEJ⒎FSFOUOVNCFSPGVQEBUFTPGBOPOMJOFQSFUSBJOJOHPO#JNBHFT'PSCPUITUVEJFT XFSFQPSUUIF
    SFMBUJWFJNQSPWFNFOUJOUPQBDDVSBDZGPSBMJOFBSFWBMVBUJPOPGGSP[FOGFBUVSFTPO*NBHF/FU SJHIU
    *NQBDUPGOVNCFSPGVOJRVFJNBHFT8FDPNQBSFUIFJNQBDUPGUIFTJ[FPGUIFUSBJOJOHTFUGPSB
    3FH/FU:('BOEB3FH/FU:('QSFUSBJOFEGPSUIFTBNFOVNCFSPGVQEBUFT5IFOVNCFSPGVQEBUFTDPSSFTQPOETUPFQPDIGPS#JNBHFT FQPDITGPS.JNBHFTBOE,GPS.JNBHFT

    View Slide

  31. 3FT/FUTͷ࠶ݕ౼ɿτϨʔχϯάͱεέʔϦϯάઓུͷվળ
    3FWJTJUJOH3FT/FUT*NQSPWFE5SBJOJOHBOE4DBMJOH4USBUFHJFT
    w ৽͍͠ίϯϐϡʔλϏδϣϯΞʔΩςΫνϟ͸εϙοτϥΠτΛಠ઎͍ͯ͠·͕͢ɺϞσϧΞʔΩςΫνϟͷӨڹ͸ɺτϨʔχϯάํ๏ͱεέʔϦϯάઓུͷಉ࣌มߋͱࠞ
    ಉ͞ΕΔ͜ͱ͕Α͋͘Γ·͢ɻզʑͷݚڀͰ͸ɺయܕతͳ3FT/FUʢ)FFUBMʣΛ࠶ݕ౼͠ɺ͜ΕΒͷͭͷଆ໘Λ෼཭͢ΔͨΊʹݚڀ͍ͯ͠·͢ɻͦͷ݁Ռɺڻ͘΂
    ͖͜ͱʹɺֶशํ๏ͱεέʔϦϯάઓུ͸ɺΞʔΩςΫνϟͷมߋΑΓ΋ॏཁͰ͋Δ͜ͱ͕Θ͔Γ·ͨ͠ɻզʑ͸ɺ࠷దͳεέʔϦϯάઓֶུ͕शϨδʔϜʹґଘ͢Δ͜ͱ
    Λࣔ͠ɺͭͷ৽͍͠εέʔϦϯάઓུΛఏҊ͢ΔɻʣΦʔόʔϑΟοςΟϯά͕ൃੜ͢ΔՄೳੑ͕͋ΔྖҬͰ͸Ϟσϧͷਂ͞ΛεέʔϦϯά͢Δʢͦ͏Ͱͳ͍৔߹͸෯ͷ
    εέʔϦϯά͕๬·͍͠ʣɺʢʣը૾ͷղ૾౓Λ͜Ε·Ͱਪ঑͞Ε͍ͯͨΑΓ΋Ώͬ͘Γͱ্͛Δʢ5BO-F ʣɻվྑ͞ΕֶͨशઓུͱεέʔϦϯάઓུΛ༻͍
    ͯɺ516্Ͱ&⒏DJFOU/FUTΑΓ΋ഒʙഒߴ଎ͳ3FT/FUΞʔΩςΫνϟϑΝϛϦɺ3FT/FU34Λઃܭ͠ɺ*NBHF/FUͰಉ౳ͷਫ਼౓Λୡ੒͠·͢ɻେن໛ͳ൒ڭࢣ෇͖
    ֶशͷઃఆͰ͸ɺ3FT/FU34͸&⒏DJFOU/FU/PJTZ4UVEFOUΑΓ΋ഒߴ଎Ͱ͋Γͳ͕Βɺͷτοϓ*NBHF/FUਫ਼౓Λୡ੒͠·ͨ͠ɻ͜ͷֶशख๏͸ɺҰ࿈ͷμ
    ΢ϯετϦʔϜλεΫʹ͓͚ΔసૹੑೳΛ޲্ͤ͞ʢ࠷ઌ୺ͷࣗݾڭࢣ෇͖ΞϧΰϦζϜʹඖఢ͢Δʣɺ,JOFUJDTͷϏσΦ෼ྨʹ΋֦ு͞Ε͍ͯ·͢ɻࠓޙͷݚڀͷͨ
    Ίʹɺ͜ΕΒͷγϯϓϧͳվగ൛3FT/FUTΛϕʔεϥΠϯͱͯ͠࢖༻͢Δ͜ͱΛ͓קΊ͠·͢ɻ
    w /PWFMDPNQVUFSWJTJPOBSDIJUFDUVSFTNPOPQPMJ[FUIFTQPUMJHIU CVUUIFJNQBDUPGUIFNPEFMBSDIJUFDUVSFJTPGUFODPOqBUFEXJUITJNVMUBOFPVTDIBOHFTUP
    USBJOJOHNFUIPEPMPHZBOETDBMJOHTUSBUFHJFT0VSXPSLSFWJTJUTUIFDBOPOJDBM3FT/FU )FFUBM
    BOETUVEJFTUIFTFUISFFBTQFDUTJOBOF⒎PSUUP
    EJTFOUBOHMFUIFN1FSIBQTTVSQSJTJOHMZ XFpOEUIBUUSBJOJOHBOETDBMJOHTUSBUFHJFTNBZNBUUFSNPSFUIBOBSDIJUFDUVSBMDIBOHFT BOEGVSUIFS UIBUUIF
    SFTVMUJOH3FT/FUTNBUDISFDFOUTUBUFPGUIFBSUNPEFMT8FTIPXUIBUUIFCFTUQFSGPSNJOHTDBMJOHTUSBUFHZEFQFOETPOUIFUSBJOJOHSFHJNFBOEP⒎FSUXP
    OFXTDBMJOHTUSBUFHJFT
    TDBMFNPEFMEFQUIJOSFHJNFTXIFSFPWFSpUUJOHDBOPDDVS XJEUITDBMJOHJTQSFGFSBCMFPUIFSXJTF

    JODSFBTFJNBHFSFTPMVUJPO
    NPSFTMPXMZUIBOQSFWJPVTMZSFDPNNFOEFE 5BO-F
    6TJOHJNQSPWFEUSBJOJOHBOETDBMJOHTUSBUFHJFT XFEFTJHOBGBNJMZPG3FT/FUBSDIJUFDUVSFT
    3FT/FU34 XIJDIBSFYYGBTUFSUIBO&⒏DJFOU/FUTPO516T XIJMFBDIJFWJOHTJNJMBSBDDVSBDJFTPO*NBHF/FU*OBMBSHFTDBMFTFNJTVQFSWJTFE
    MFBSOJOHTFUVQ 3FT/FU34BDIJFWFTUPQ*NBHF/FUBDDVSBDZ XIJMFCFJOHYGBTUFSUIBO&⒏DJFOU/FU/PJTZ4UVEFOU5IFUSBJOJOHUFDIOJRVFT
    JNQSPWFUSBOTGFSQFSGPSNBODFPOBTVJUFPGEPXOTUSFBNUBTLT SJWBMJOHTUBUFPGUIFBSUTFMGTVQFSWJTFEBMHPSJUINT
    BOEFYUFOEUPWJEFPDMBTTJpDBUJPOPO
    ,JOFUJDT8FSFDPNNFOEQSBDUJUJPOFSTVTFUIFTFTJNQMFSFWJTFE3FT/FUTBTCBTFMJOFTGPSGVUVSFSFTFBSDI
    IUUQTBSYJWPSHBCTW

    View Slide

  32. ಛ௃ྔͷεέʔϦϯάʁ
    ಛ௃ྔͷεέʔϦϯά͸ػցֶशͷલॲཧͷ̍ͭͰɺඪ४Խͱਖ਼نԽ͕୅දྫͰ͢ɻ
    ඪ४Խ͸ʮฏۉΛɼ෼ࢄΛͱ͢ΔεέʔϦϯάख๏ʯͰɺਖ਼نԽ͸ʮ࠷খ஋Λɼ࠷େ஋Λͱ͢ΔεέʔϦϯάख๏ʯͰ͢ɻ
    ͜͏͍ͬͨεέʔϦϯά͸ɺಛ௃ྔʹΑͬͯ୯Ґ͕ҧ͍ͬͯͨΓɺ·ͨ͸஋͕ۃ୺ʹҧ͍ͬͯΔ࣌ʹɺ֤࣍ݩͷؔ܎ΛΘ͔Γ΍͘͢
    ͢ΔͨΊʹ༗ޮͰ͢ɻ
    IUUQTBJBDBEFNZKQUFYUTTIPX JE
    ͪ͜Β͸SFHVMBSJ[BUJPOʁ
    ϞσϧͷεέʔϦϯά
    ϞσϧͷεέʔϦϯάͷͨΊͷैདྷͷํ๏ͱͯ͠͸ɺ$//ͷਂ͞΍෯Λ೚ҙʹ૿େͤ͞Δ͔ɺ͋Δ͍͸Α
    Γେ͖ͳղ૾౓ͷը૾Λ࢖༻͢Δ͜ͱͰ͢ɻ͜ΕΒͷํ๏͸ਫ਼౓Λ޲্ͤ͞·͕͢ɺ໘౗ͳखಈνϡʔχ
    ϯάΛඞཁͱ͠ɺ͞ΒʹಘΒΕΔਫ਼౓΋࠷దղͱ͸ݴ͑ͳ͍࣌΋͋Γ·͢ɻ৽͘͠(PPHMF"*͕ൃදͨ͠࿦
    จͰ͸ɺਖ਼֬͞ͱޮ཰ੑΛ޲্ͤ͞ΔͨΊʹ$//ΛεέʔϦϯά͢Δݪཧతͳํ๏͕ఏҊ͞Ε͍ͯ·͢ɻ
    IUUQTBJTDIPMBSUFDIBSUJDMFTPUIFSTF⒏DJFOUOFUTBJ

    View Slide

  33. lXFVODPWFSTUSPOHEFQFOEFODJFTCFUXFFOUIFCFTUQFSGPSNJOH
    TDBMJOHTUSBUFHZBOEUIFUSBJOJOHSFHJNF FHOVNCFSPGFQPDIT
    NPEFMTJ[F EBUBTFUTJ[F
    z
    l0VSBOBMZTJTMFBETUPOFXTDBMJOHTUSBUFHJFTTVNNBSJ[FEBT
    TDBMF
    UIFNPEFMEFQUIXIFOPWFSGJUUJOHDBOPDDVS TDBMJOHUIFXJEUIJT
    QSFGFSBCMFPUIFSXJTF
    BOE
    TDBMFUIFJNBHFSFTPMVUJPONPSF
    TMPXMZUIBOQSJPSXPSLT 5BO-F
    z

    View Slide

  34. View Slide

  35. ڧԽֶशͷجૅ஌ࣝ
    "$SBTI$PVSTFPO3FJOGPSDFNFOU-FBSOJOH
    w ڧԽֶश 3-
    ͷ৽͍͠෼໺͸ɺઓུήʔϜ΍ϩϘοτ޻ֶͳͲͷ༷ʑͳ෼໺Ͱૉ੖Β͍݁͠ՌΛ΋ͨΒ͍ͯ͠·
    ͢ɻ͜ͷࢿྉͰ͸ɺ੍ޚͷ؍఺͔Β3-Λ؆୯ʹ঺հ͠ɺ3-ͷ໰୊Λղܾ͢ΔͨΊͷͭͷՄೳͳΞϓϩʔνΛٞ
    ࿦͢Δ͜ͱΛ໨తͱ͍ͯ͠·͢ɿ੓ࡦޯ഑ɺ੓ࡦ൓෮ɺϞσϧߏஙɻಈతγεςϜ͸ɺΧʔτϙʔϧͷΑ͏ʹ
    ͭͷՄೳͳΞΫγϣϯ͕ͱͰ͋ΔΑ͏ͳ཭ࢄతͳΞΫγϣϯۭؒΛ͔࣋ͭ΋͠Ε·ͤΜ͠ɺઢܗΨ΢εγε
    ςϜͷΑ͏ͳ࿈ଓతͳΞΫγϣϯۭؒΛ͔࣋ͭ΋͠Ε·ͤΜɻ͜͜Ͱ͸ɺͦͷ྆ํͷέʔεΛऔΓ্͛·͢ɻ
    w 5IFFNFSHJOHpFMEPG3FJOGPSDFNFOU-FBSOJOH 3-
    IBTMFEUPJNQSFTTJWFSFTVMUTJOWBSJFEEPNBJOT
    MJLFTUSBUFHZHBNFT SPCPUJDT FUD5IJTIBOEPVUBJNTUPHJWFBTJNQMFJOUSPEVDUJPOUP3-GSPNDPOUSPM
    QFSTQFDUJWFBOEEJTDVTTUISFFQPTTJCMFBQQSPBDIFTUPTPMWFBO3-QSPCMFN1PMJDZ(SBEJFOU 1PMJDZ
    *UFSBUJPO BOE.PEFMCVJMEJOH%ZOBNJDBMTZTUFNTNJHIUIBWFEJTDSFUFBDUJPOTQBDFMJLFDBSUQPMF
    XIFSFUXPQPTTJCMFBDUJPOTBSFBOEPSDPOUJOVPVTBDUJPOTQBDFMJLFMJOFBS(BVTTJBOTZTUFNT
    0VSEJTDVTTJPODPWFSTCPUIDBTFT
    IUUQTBSYJWPSHBCTW
    IUUQTHJUIVCDPN'BSOB["EJC$SBTI@DPVSTF@PO@3-

    View Slide

  36. 1PMJDZ(SBEJFOU
    ઓུΛ௨֫͡ಘͰ͖Δظ଴஋Λ޲্ͤ͞ΔΑ͏ߋ৽Λߦ͍ͬͯ͘ख๏ɻઓུ К
    ͷԼ
    Ͱʮঢ়ଶʹભҠ͢Δ֬཰ʯºʮͦͷঢ়ଶͰͷߦಈ֬཰ʯºʮߦಈͷՁ஋ʯΛֻ͚߹Θ
    ͤͨࣜΛޯ഑๏Λ༻͍ͯߋ৽͍ͯ͘͠ɻ
    2ֶश
    ݱࡏਪఆ͞Ε͍ͯΔՁ஋ͷ࠷େ஋Λ΋ͬͯՁ஋Λݟੵ΋ΓɺߦಈΛબ୒͢Δɻ

    View Slide

  37. ΤʔδΣϯτͷߏ੒ཁૉ
    ϙϦγʔɾɾɾ༩͑ΒΕͨঢ়ଶͰߦಈΛબ୒͢ΔͨΊͷΤʔδΣϯτͷϧʔϧ
    Ձ஋ؔ਺ɾɾɾ͋Δঢ়ଶ͔Βελʔτͯ͠ɺৗʹϙϦγʔʹैͬͯߦಈͨ͠৔߹
    ʹظ଴͞ΕΔ૯ใुΛఆྔԽ͢Δ
    Ϟσϧɾɾɾ؀ڥʹର͢ΔΤʔδΣϯτͷղऍ
    ڧԽֶशʢ3FJOGPSDFNFOU-FBSOJOHʣ͸ɺ
    ΤʔδΣϯτ͔ΒϧʔϓΛ։࢝͠ɺใुΛ࠷
    େԽ͢Δ໰୊ɻ؀ڥɺใुɺΤʔδΣϯτͱ
    ͍͏ͭͷओཁͳཁૉ͔ΒͳΔɻ

    View Slide

  38. 1FSDFJWFS൓෮త஫ҙʹΑΔҰൠతͳ஌֮
    1FSDFJWFS(FOFSBM1FSDFQUJPOXJUI*UFSBUJWF"UUFOUJPO
    w ੜମγεςϜ͸ɺࢹ֮ɺௌ֮ɺ৮֮ɺݻ༗ײ֮ͳͲɺ͞·͟·ͳϞμϦςΟ͔Βͷߴ࣍ݩͷೖྗΛಉ࣌ʹॲཧ͢Δ͜ͱͰੈքΛཧղ͍ͯ͠·͢ɻҰํɺਂ૚ֶशͰ࢖
    ༻͞ΕΔ஌֮Ϟσϧ͸ɺݸʑͷϞμϦςΟ༻ʹઃܭ͞Ε͓ͯΓɺطଘͷ΄΅͢΂ͯͷࢹ֮Ϟσϧ͕ར༻͍ͯ͠ΔہॴతͳάϦουߏ଄ͳͲɺυϝΠϯݻ༗ͷલఏ৚݅
    ʹґଘ͍ͯ͠Δ͜ͱ͕ଟ͍ɻ͜ΕΒͷલఏ͸ɺ༗༻ͳؼೲతόΠΞεΛಋೖ͠·͕͢ɺಉ࣌ʹϞσϧΛݸʑͷϞμϦςΟʹϩοΫ͠·͢ɻຊ࿦จͰ͸1FSDFJWFSΛ঺
    հ͠·͢ɻ͜Ε͸5SBOTGPSNFSͷ্ʹߏங͞ΕͨϞσϧͰɺೖྗؒͷؔ܎ʹ͍ͭͯΞʔΩςΫνϟ্ͷԾఆ͸΄ͱΜͲ͋Γ·ͤΜ͕ɺ$POW/FUTͷΑ͏ʹԿेສ΋ͷ
    ೖྗʹରԠ͢Δ͜ͱ͕Ͱ͖·͢ɻ͜ͷϞσϧ͸ɺඇରশͳ஫໨ϝΧχζϜΛར༻ͯ͠ɺೖྗΛ൓෮తʹநग़͠ɺજࡏతͳϘτϧωοΫΛখ͘͢͞Δ͜ͱͰɺඇৗʹେ
    ͖ͳೖྗΛѻ͏͜ͱ͕Ͱ͖·͢ɻ͜ͷΞʔΩςΫνϟ͸ɺը૾ɺ఺܈ɺԻ੠ɺϏσΦɺϏσΦʴԻ੠ͳͲɺ͞·͟·ͳϞμϦςΟͷ෼ྨλεΫʹ͓͍ͯɺڧྗͳಛघ
    Ϟσϧͱಉ౳Ҏ্ͷੑೳΛൃش͢Δ͜ͱΛ͍ࣔͯ͠·͢ɻ1FSDFJWFS͸ɺ*NBHF/FUʹ͓͍ͯɺ৞ΈࠐΈΛߦΘͣɺ ϐΫηϧʹ௚઀ରԠ͢Δ͜ͱͰɺ
    3FT/FUʹඖఢ͢ΔੑೳΛಘ·ͨ͠ɻ·ͨɺ"VEJP4FUͷ͢΂ͯͷϞμϦςΟʹ͓͍ͯɺ࠷ઌ୺ͷ݁ՌΛ্ճ͍ͬͯ·͢ɻ
    w #JPMPHJDBMTZTUFNTVOEFSTUBOEUIFXPSMECZTJNVMUBOFPVTMZQSPDFTTJOHIJHIEJNFOTJPOBMJOQVUTGSPNNPEBMJUJFTBTEJWFSTFBTWJTJPO BVEJUJPO UPVDI
    QSPQSJPDFQUJPO FUD5IFQFSDFQUJPONPEFMTVTFEJOEFFQMFBSOJOHPOUIFPUIFSIBOEBSFEFTJHOFEGPSJOEJWJEVBMNPEBMJUJFT PGUFOSFMZJOHPOEPNBJO
    TQFDJpDBTTVNQUJPOTTVDIBTUIFMPDBMHSJETUSVDUVSFTFYQMPJUFECZWJSUVBMMZBMMFYJTUJOHWJTJPONPEFMT5IFTFQSJPSTJOUSPEVDFIFMQGVMJOEVDUJWF
    CJBTFT CVUBMTPMPDLNPEFMTUPJOEJWJEVBMNPEBMJUJFT*OUIJTQBQFSXFJOUSPEVDFUIF1FSDFJWFSBNPEFMUIBUCVJMETVQPO5SBOTGPSNFSTBOEIFODF
    NBLFTGFXBSDIJUFDUVSBMBTTVNQUJPOTBCPVUUIFSFMBUJPOTIJQCFUXFFOJUTJOQVUT CVUUIBUBMTPTDBMFTUPIVOESFETPGUIPVTBOETPGJOQVUT MJLF
    $POW/FUT5IFNPEFMMFWFSBHFTBOBTZNNFUSJDBUUFOUJPONFDIBOJTNUPJUFSBUJWFMZEJTUJMMJOQVUTJOUPBUJHIUMBUFOUCPUUMFOFDL BMMPXJOHJUUPTDBMFUP
    IBOEMFWFSZMBSHFJOQVUT8FTIPXUIBUUIJTBSDIJUFDUVSFQFSGPSNTDPNQFUJUJWFMZPSCFZPOETUSPOH TQFDJBMJ[FENPEFMTPODMBTTJpDBUJPOUBTLTBDSPTT
    WBSJPVTNPEBMJUJFTJNBHFT QPJOUDMPVET BVEJP WJEFPBOEWJEFPBVEJP5IF1FSDFJWFSPCUBJOTQFSGPSNBODFDPNQBSBCMFUP3FT/FUPO*NBHF/FU
    XJUIPVUDPOWPMVUJPOTBOECZEJSFDUMZBUUFOEJOHUP QJYFMT*UBMTPTVSQBTTFTTUBUFPGUIFBSUSFTVMUTGPSBMMNPEBMJUJFTJO"VEJP4FU
    IUUQTBSYJWPSHBCTW

    View Slide

  39. View Slide

  40. *OWPMVUJPO৞ΈࠐΈͷΠϯϔϨϯεΛ൓సͤͯ͞ࢹ֮ೝࣝΛߦ͏
    *OWPMVUJPO*OWFSUJOHUIF*OIFSFODFPG$POWPMVUJPOGPS7JTVBM3FDPHOJUJPO
    w ৞ΈࠐΈ͸ɺݱ୅ͷχϡʔϥϧωοτϫʔΫͷத֩తͳཁૉͰ͋Γɺࢹ֮ʹ͓͚Δਂ૚ֶशͷٸ૿ͷҾ͖ۚͱͳͬͨɻຊݚڀͰ͸ɺࢹ֮λεΫͷͨΊͷඪ४తͳ৞
    ΈࠐΈͷݻ༗ͷݪཧɺಛʹۭؒతʹෆՄࢹͰ͋Δ͜ͱͱνϟωϧݻ༗Ͱ͋Δ͜ͱΛ࠶ߟ͠·͢ɻͦͷ୅ΘΓʹɺલड़ͷ৞ΈࠐΈͷઃܭݪཧΛ൓సͤ͞Δ͜ͱͰɺਂ
    ૚χϡʔϥϧωοτϫʔΫͷͨΊͷ৽͍͠ݪࢠԋࢉΛఏࣔ͠·͢ʢΠϯϘϦϡʔγϣϯͱݺ͹Ε·͢ʣɻ͞Βʹɺ࠷ۙΑ͘࢖ΘΕ͍ͯΔࣗݾ஫໨ԋࢉࢠΛղ໌͠ɺ
    ෳࡶ͗͢ΔΠϯελϯεԽͱͯ͠զʑͷJOWPMVUJPOϑΝϛϦʔʹ૊ΈࠐΉɻఏҊ͞ΕͨΠϯϘϦϡʔγϣϯԋࢉࢠ͸ɺ৽ੈ୅ͷࢹ֮ೝࣝ༻χϡʔϥϧωοτϫʔΫΛ
    ߏங͢ΔͨΊͷجຊతͳཁૉͱͯ͠׆༻Ͱ͖ɺ*NBHF/FUͷ෼ྨɺ$0$0ͷݕग़ͱηάϝϯςʔγϣϯɺ$JUZTDBQFTͷηάϝϯςʔγϣϯͳͲɺ͍͔ͭ͘ͷҰൠత
    ͳϕϯνϚʔΫʹ͓͍ͯɺ͞·͟·ͳਂ૚ֶशϞσϧΛڧԽ͢Δ͜ͱ͕Ͱ͖Δɻࠓճ։ൃͨ͠ΠϯϘϦϡʔγϣϯϕʔεͷϞσϧ͸ɺ3FT/FUΛ༻͍ͨίϯϘ
    ϦϡʔγϣφϧϕʔεϥΠϯͷੑೳΛɺτοϓਫ਼౓Ͱ࠷େˋɺό΢ϯσΟϯάϘοΫε"1Ͱˋͱˋɺฏۉ*P6Ͱˋ޲্ͤ͞Δͱͱ΋ʹɺ্هͷϕϯν
    ϚʔΫʹ͓͍ͯܭࢉίετΛͦΕͧΕˋɺˋɺˋɺˋʹѹॖ͠·ͨ͠ɻ͢΂ͯͷλεΫͷίʔυͱࣄલֶशࡁΈϞσϧ͸ɼIUUQTHJUIVCDPNEMJ
    JOWPMVUJPOɽ
    w $POWPMVUJPOIBTCFFOUIFDPSFJOHSFEJFOUPGNPEFSOOFVSBMOFUXPSLT USJHHFSJOHUIFTVSHFPGEFFQMFBSOJOHJOWJTJPO*OUIJTXPSL XFSFUIJOLUIF
    JOIFSFOUQSJODJQMFTPGTUBOEBSEDPOWPMVUJPOGPSWJTJPOUBTLT TQFDJpDBMMZTQBUJBMBHOPTUJDBOEDIBOOFMTQFDJpD*OTUFBE XFQSFTFOUBOPWFMBUPNJD
    PQFSBUJPOGPSEFFQOFVSBMOFUXPSLTCZJOWFSUJOHUIFBGPSFNFOUJPOFEEFTJHOQSJODJQMFTPGDPOWPMVUJPO DPJOFEBTJOWPMVUJPO8FBEEJUJPOBMMZEFNZTUJGZ
    UIFSFDFOUQPQVMBSTFMGBUUFOUJPOPQFSBUPSBOETVCTVNFJUJOUPPVSJOWPMVUJPOGBNJMZBTBOPWFSDPNQMJDBUFEJOTUBOUJBUJPO5IFQSPQPTFEJOWPMVUJPO
    PQFSBUPSDPVMECFMFWFSBHFEBTGVOEBNFOUBMCSJDLTUPCVJMEUIFOFXHFOFSBUJPOPGOFVSBMOFUXPSLTGPSWJTVBMSFDPHOJUJPO QPXFSJOHEJ⒎FSFOUEFFQ
    MFBSOJOHNPEFMTPOTFWFSBMQSFWBMFOUCFODINBSLT JODMVEJOH*NBHF/FUDMBTTJpDBUJPO $0$0EFUFDUJPOBOETFHNFOUBUJPO UPHFUIFSXJUI$JUZTDBQFT
    TFHNFOUBUJPO0VSJOWPMVUJPOCBTFENPEFMTJNQSPWFUIFQFSGPSNBODFPGDPOWPMVUJPOBMCBTFMJOFTVTJOH3FT/FUCZVQUPUPQBDDVSBDZ
    BOECPVOEJOHCPY"1 BOENFBO*P6BCTPMVUFMZXIJMFDPNQSFTTJOHUIFDPNQVUBUJPOBMDPTUUP BOEPOUIF
    BCPWFCFODINBSLT SFTQFDUJWFMZ$PEFBOEQSFUSBJOFENPEFMTGPSBMMUIFUBTLTBSFBWBJMBCMFBUIUUQTHJUIVCDPNEMJJOWPMVUJPO
    IUUQTBSYJWPSHBCTW

    View Slide

  41. View Slide

  42. View Slide

  43. View Slide

  44. View Slide

  45. ΠϯλϥΫςΟϒͳը૾߹੒ɾฤूͷͨΊͷ"OZDPTU("/
    "OZDPTU("/TGPS*OUFSBDUJWF*NBHF4ZOUIFTJTBOE&EJUJOH
    w ("/ʢ(FOFSBUJWF"EWFSTBSJBM/FUXPSLʣ͸ɺϑΥτϦΞϦεςΟοΫͳը૾ͷ߹੒΍ฤूΛՄೳʹ͠·͢ɻ͔͠͠ɺେن໛ͳੜ੒ثʢ4UZMF("/ͳͲʣ͸ܭࢉίετ͕ߴ͍ͨΊɺ
    ΤοδσόΠεͰ͸ճͷฤू݁ՌΛݟΔͷʹ਺ඵ͔͔Δͷ͕ී௨ͰɺΠϯλϥΫςΟϒͳϢʔβʔମݧ͕Ͱ͖·ͤΜɻຊ࿦จͰ͸ɺ࠷৽ͷϨϯμϦϯάιϑτ΢ΣΞ͔ΒΠϯεϐϨʔ
    γϣϯΛಘͯɺΠϯλϥΫςΟϒͳࣗવը૾ฤूͷͨΊͷ"OZDPTU("/ΛఏҊ͢Δɻ"OZDPTU("/Λֶशͤ͞ɺ৳ॖੑͷ͋Δղ૾౓ͱνϟϯωϧΛαϙʔτ͢Δ͜ͱͰɺଟ༷ͳ଎౓
    Ͱͷը૾ੜ੒ΛՄೳʹ͠·͢ɻϑϧδΣωϨʔλͷαϒηοτΛ࣮ߦ͢ΔͱɺϑϧδΣωϨʔλͱ஌֮తʹྨࣅͨ͠ग़ྗ͕ಘΒΕΔͨΊɺϓϨϏϡʔͷྑ͍୅ཧͱͳΓ·͢ɻαϯϓϦ
    ϯάϕʔεͷϚϧνɾϨκϦϡʔγϣϯɾτϨʔχϯάɺΞμϓςΟϒɾνϟϯωϧɾτϨʔχϯάɺ͓ΑͼδΣωϨʔλɾίϯσΟγϣχϯά͞ΕͨࣝผثΛ࢖༻͢Δ͜ͱͰɺΤχʔ
    ίετɾδΣωϨʔλΛ༷ʑͳߏ੒ͰධՁ͢Δ͜ͱ͕Ͱ͖ɺݸผʹτϨʔχϯά͞ΕͨϞσϧͱൺֱͯ͠༏Εͨը࣭Λ࣮ݱ͠·͢ɻ͞Βʹɺը૾౤Ө࣌ʹҟͳΔαϒδΣωϨʔλؒͷ
    Ұ؏ੑΛଅͨ͢Ίʹɺ৽͍͠Τϯίʔμֶश͓Αͼજࡏతͳίʔυͷ࠷దԽٕज़Λ։ൃͨ͠ɻ"OZDPTU("/͸ɺ༷ʑͳίετόδΣοτʢ࠷େഒͷܭࢉྔ࡟ݮʣͰ࣮ߦͰ͖ɺ෯޿
    ͍ϋʔυ΢ΣΞͱϨΠςϯγʔͷཁ݅ʹదԠ͠·͢ɻ͜ͷϞσϧΛσεΫτοϓ$16΍ΤοδσόΠεʹಋೖ͢Δͱɺ஌֮తʹྨࣅͨ͠ϓϨϏϡʔΛʙഒͷ଎౓Ͱఏڙ͢Δ͜ͱ͕
    Ͱ͖ɺΠϯλϥΫςΟϒͳը૾ฤू͕ՄೳʹͳΓ·͢ɻ
    w (FOFSBUJWFBEWFSTBSJBMOFUXPSLT ("/T
    IBWFFOBCMFEQIPUPSFBMJTUJDJNBHFTZOUIFTJTBOEFEJUJOH)PXFWFS EVFUPUIFIJHIDPNQVUBUJPOBMDPTUPGMBSHFTDBMF
    HFOFSBUPST FH 4UZMF("/
    JUVTVBMMZUBLFTTFDPOETUPTFFUIFSFTVMUTPGBTJOHMFFEJUPOFEHFEFWJDFT QSPIJCJUJOHJOUFSBDUJWFVTFSFYQFSJFODF*OUIJTQBQFS XFUBLF
    JOTQJSBUJPOTGSPNNPEFSOSFOEFSJOHTPGUXBSFBOEQSPQPTF"OZDPTU("/GPSJOUFSBDUJWFOBUVSBMJNBHFFEJUJOH8FUSBJOUIF"OZDPTU("/UPTVQQPSUFMBTUJD
    SFTPMVUJPOTBOEDIBOOFMTGPSGBTUFSJNBHFHFOFSBUJPOBUWFSTBUJMFTQFFET3VOOJOHTVCTFUTPGUIFGVMMHFOFSBUPSQSPEVDFPVUQVUTUIBUBSFQFSDFQUVBMMZTJNJMBSUPUIF
    GVMMHFOFSBUPS NBLJOHUIFNBHPPEQSPYZGPSQSFWJFX#ZVTJOHTBNQMJOHCBTFENVMUJSFTPMVUJPOUSBJOJOH BEBQUJWFDIBOOFMUSBJOJOH BOEBHFOFSBUPSDPOEJUJPOFE
    EJTDSJNJOBUPS UIFBOZDPTUHFOFSBUPSDBOCFFWBMVBUFEBUWBSJPVTDPOpHVSBUJPOTXIJMFBDIJFWJOHCFUUFSJNBHFRVBMJUZDPNQBSFEUPTFQBSBUFMZUSBJOFENPEFMT
    'VSUIFSNPSF XFEFWFMPQOFXFODPEFSUSBJOJOHBOEMBUFOUDPEFPQUJNJ[BUJPOUFDIOJRVFTUPFODPVSBHFDPOTJTUFODZCFUXFFOUIFEJ⒎FSFOUTVCHFOFSBUPSTEVSJOHJNBHF
    QSPKFDUJPO"OZDPTU("/DBOCFFYFDVUFEBUWBSJPVTDPTUCVEHFUT VQUPYDPNQVUBUJPOSFEVDUJPO
    BOEBEBQUUPBXJEFSBOHFPGIBSEXBSFBOEMBUFODZ
    SFRVJSFNFOUT8IFOEFQMPZFEPOEFTLUPQ$16TBOEFEHFEFWJDFT PVSNPEFMDBOQSPWJEFQFSDFQUVBMMZTJNJMBSQSFWJFXTBUYTQFFEVQ FOBCMJOHJOUFSBDUJWFJNBHF
    FEJUJOH5IFDPEFBOEEFNPBSFQVCMJDMZBWBJMBCMFIUUQTHJUIVCDPNNJUIBOMBCBOZDPTUHBO
    IUUQTBSYJWPSHBCTW
    IUUQTHJUIVCDPNNJUIBOMBCBOZDPTUHBO

    View Slide

  46. View Slide

  47. જࡏۭؒ΁Ұ౓౤Ө͠ɺϢʔβʔΠϯϓοτʹΑͬͯજࡏίʔυΛमਖ਼͢Δ

    View Slide

  48. UPQIZQF

    View Slide

  49. ࠷খݶͷ࿪ΈΛར༻ͨ͠ΤϯϕοσΟϯά
    .JOJNVN%JTUPSUJPO&NCFEEJOH
    w ͜͜Ͱ͸ɼϕΫτϧຒΊࠐΈ໰୊Λߟ͑Δɽ༗ݶݸͷΞΠςϜͷू߹͕༩͑ΒΕɼ֤ΞΠςϜʹ୅දతͳϕΫτϧΛׂΓ౰ͯΔ͜ͱ͕໨తͰ͋Δɽ͍͔ͭ͘ͷΞΠςϜͷϖΞ͕ྨࣅ͓ͯ͠Γɺ೚
    ҙʹ͍͔ͭ͘ͷଞͷϖΞ͕ඇྨࣅͰ͋Δ͜ͱΛࣔ͢σʔλ͕༩͑ΒΕ·͢ɻྨࣅͨ͠ΞΠςϜͷϖΞͰ͸ɼରԠ͢ΔϕΫτϧ͕ޓ͍ʹۙ͘ʹ͋Δ͜ͱ͕๬·ΕɼඇྨࣅͷϖΞͰ͸ɼରԠ͢Δϕ
    Ϋτϧ͕ޓ͍ʹۙ͘ͳ͍͜ͱ͕๬·Ε·͢ʢϢʔΫϦουڑ཭Ͱଌఆ͞Ε·͢ʣɽզʑ͸ɺΞΠςϜͷ͍͔ͭ͘ͷϖΞʹ͍ͭͯఆٛ͞Εͨ࿪Έؔ਺Λಋೖ͢Δ͜ͱʹΑͬͯɺ͜ΕΛެࣜԽ͠·
    ͢ɻզʑͷ໨త͸ɺ੍໿৚݅ͷ΋ͱͰɺશମͷ࿪ΈΛ࠷খʹ͢ΔຒΊࠐΈΛબͿ͜ͱͰ͋Δɻ͜ΕΛɺ࠷খ࿪ΈຒΊࠐΈʢ.%&ʣ໰୊ͱݺͿɻ.%&ͷϑϨʔϜϫʔΫ͸୯७Ͱ͕͢ɺҰൠతͰ
    ͢ɻ.%&ʹ͸ɺεϖΫτϧຒΊࠐΈɺओ੒෼෼ੳɺଟ࣍ݩεέʔϦϯάɺ*TPNBQ΍6."1ͷΑ͏ͳ࣍ݩ࡟ݮ๏ɺྗ೚ͤͷϨΠΞ΢τͳͲɺ͞·͟·ͳຒΊࠐΈํ๏ؚ͕·Ε͍ͯ·͢ɻ·ͨɺ৽
    ͍͠ຒΊࠐΈ๏΋ؚ·Ε͓ͯΓɺྺ࢙తͳຒΊࠐΈ๏ͱ৽͍͠ຒΊࠐΈ๏Λಉ༷ʹݕূ͢Δݪཧతͳํ๏Λఏڙ͍ͯ͠·͢ɻ.%&ͷ໰୊Λۙࣅతʹղܾ͠ɺେن໛ͳσʔληοτʹରԠ͢Δ
    ౤Өܕ४χϡʔτϯ๏Λ։ൃ͠·ͨ͠ɻ͜ͷख๏͸ɺΦʔϓϯιʔεͷ1ZUIPOύοέʔδͰ͋Δ1Z.%&ʹ࣮૷͞Ε͍ͯ·͢ɻ1Z.%&Ͱ͸ɺϢʔβ͸࿪Έؔ਺ͱ੍໿ͷϥΠϒϥϦ͔Βબ୒ͨ͠
    ΓɺΧελϜͷ΋ͷΛࢦఆͨ͠Γ͢Δ͜ͱ͕Ͱ͖ɺ༷ʑͳຒΊࠐΈΛ؆୯ʹࢼ͢͜ͱ͕Ͱ͖·͢ɻզʑͷιϑτ΢ΣΞ͸ɺ਺ඦສͷΞΠςϜͱ਺ઍສͷ࿪Έؔ਺Λ࣋ͭσʔληοτʹରԠͯ͠
    ͍Δɻզʑͷख๏Λ࣮ূ͢ΔͨΊʹɼը૾ɼֶज़తͳڞஶऀωοτϫʔΫɼถࠃͷ܊ͷਓޱ౷ܭσʔλɼ୯Ұࡉ๔ͷN3/"τϥϯεΫϦϓτʔϜͳͲɼ͍͔ͭ͘ͷ࣮ੈքͷσʔληοτͷຒΊ
    ࠐΈΛܭࢉͨ͠ɽ
    w 8FDPOTJEFSUIFWFDUPSFNCFEEJOHQSPCMFN8FBSFHJWFOBpOJUFTFUPGJUFNT XJUIUIFHPBMPGBTTJHOJOHBSFQSFTFOUBUJWFWFDUPSUPFBDIPOF QPTTJCMZVOEFSTPNF
    DPOTUSBJOUT TVDIBTUIFDPMMFDUJPOPGWFDUPSTCFJOHTUBOEBSEJ[FE JF IBWF[FSPNFBOBOEVOJUDPWBSJBODF
    8FBSFHJWFOEBUBJOEJDBUJOHUIBUTPNFQBJSTPGJUFNTBSFTJNJMBS
    BOEPQUJPOBMMZ TPNFPUIFSQBJSTBSFEJTTJNJMBS'PSQBJSTPGTJNJMBSJUFNT XFXBOUUIFDPSSFTQPOEJOHWFDUPSTUPCFOFBSFBDIPUIFS BOEGPSEJTTJNJMBSQBJST XFXBOUUIF
    DPSSFTQPOEJOHWFDUPSTUPOPUCFOFBSFBDIPUIFS NFBTVSFEJO&VDMJEFBOEJTUBODF8FGPSNBMJ[FUIJTCZJOUSPEVDJOHEJTUPSUJPOGVODUJPOT EFpOFEGPSTPNFQBJSTPGUIFJUFNT
    0VSHPBMJTUPDIPPTFBOFNCFEEJOHUIBUNJOJNJ[FTUIFUPUBMEJTUPSUJPO TVCKFDUUPUIFDPOTUSBJOUT8FDBMMUIJTUIFNJOJNVNEJTUPSUJPOFNCFEEJOH .%&
    QSPCMFN5IF.%&
    GSBNFXPSLJTTJNQMFCVUHFOFSBM*UJODMVEFTBXJEFWBSJFUZPGFNCFEEJOHNFUIPET TVDIBTTQFDUSBMFNCFEEJOH QSJODJQBMDPNQPOFOUBOBMZTJT NVMUJEJNFOTJPOBMTDBMJOH
    EJNFOTJPOBMJUZSFEVDUJPONFUIPET MJLF*TPNBQBOE6."1
    GPSDFEJSFDUFEMBZPVU BOEPUIFST*UBMTPJODMVEFTOFXFNCFEEJOHT BOEQSPWJEFTQSJODJQMFEXBZTPGWBMJEBUJOH
    IJTUPSJDBMBOEOFXFNCFEEJOHTBMJLF8FEFWFMPQBQSPKFDUFERVBTJ/FXUPONFUIPEUIBUBQQSPYJNBUFMZTPMWFT.%&QSPCMFNTBOETDBMFTUPMBSHFEBUBTFUT8FJNQMFNFOU
    UIJTNFUIPEJO1Z.%& BOPQFOTPVSDF1ZUIPOQBDLBHF*O1Z.%& VTFSTDBOTFMFDUGSPNBMJCSBSZPGEJTUPSUJPOGVODUJPOTBOEDPOTUSBJOUTPSTQFDJGZDVTUPNPOFT NBLJOHJU
    FBTZUPSBQJEMZFYQFSJNFOUXJUIEJ⒎FSFOUFNCFEEJOHT0VSTPGUXBSFTDBMFTUPEBUBTFUTXJUINJMMJPOTPGJUFNTBOEUFOTPGNJMMJPOTPGEJTUPSUJPOGVODUJPOT5PEFNPOTUSBUFPVS
    NFUIPE XFDPNQVUFFNCFEEJOHTGPSTFWFSBMSFBMXPSMEEBUBTFUT JODMVEJOHJNBHFT BOBDBEFNJDDPBVUIPSOFUXPSL 64DPVOUZEFNPHSBQIJDEBUB BOETJOHMFDFMMN3/"
    USBOTDSJQUPNFT
    IUUQTBSYJWPSHBCTW

    View Slide

  50. #BSMPX5XJOT৑௕ੑ࡟ݮʹΑΔࣗݾڭࢣ෇ֶ͖श
    #BSMPX5XJOT4FMG4VQFSWJTFE-FBSOJOHWJB3FEVOEBODZ3FEVDUJPO
    w ࣗݾڭࢣ෇ֶ͖शʢ4FMG4VQFSWJTFE-FBSOJOH44-ʣ͸ɼେن໛ͳίϯϐϡʔλϏδϣϯͷϕϯνϚʔΫʹ͓͍ͯɼڭࢣ෇͖ख๏ͱͷࠩΛٸ଎ʹॖΊ͍ͯΔɽ44-ͷ੒ޭ
    ͨ͠Ξϓϩʔν͸ɼೖྗαϯϓϧͷ࿪ΈʹӨڹ͞Εͳ͍දݱΛֶश͢Δ͜ͱͰ͢ɽ͔͠͠ɼ͜ͷख๏Ͱ͸ɼࠣࡉͳఆ਺දݱ͕ଘࡏ͢Δͱ͍͏໰୊͕܁Γฦ͠ൃੜ͠·͢ɽݱ
    ࡏͷ΄ͱΜͲͷख๏Ͱ͸ɺ࣮૷ͷৄࡉΛ৻ॏʹߦ͏͜ͱͰɺ͜ͷΑ͏ͳ่ΕͨղΛճආ͍ͯ͠Δɻզʑ͸ɺαϯϓϧͷ࿪ΜͩόʔδϣϯΛ༩͑ΒΕͨͭͷಉҰͷωοτ
    ϫʔΫͷग़ྗؒͷ૬ޓ૬ؔߦྻΛଌఆ͠ɺͦΕΛՄೳͳݶΓ߃౳ߦྻʹ͚ۙͮΔ͜ͱͰɺ͜ͷΑ͏ͳ่յΛࣗવʹճආ͢Δ໨తؔ਺ΛఏҊ͢Δɻ͜ΕʹΑΓɺ࿪ۂ͞Εͨα
    ϯϓϧͷදݱϕΫτϧ͸ྨࣅͨ͠΋ͷͱͳΓɺ͜ΕΒͷϕΫτϧͷ੒෼ؒͷ৑௕ੑ͸࠷খݶʹ཈͑ΒΕ·͢ɻ͜ͷํ๏͸ɺਆܦՊֶऀ)#BSMPXͷ৑௕ੑ࡟ݮͷݪཧΛɺಉ
    ҰͷωοτϫʔΫͷϖΞʹద༻ͨ͜͠ͱ͔Βɺʮ#BSMPX5XJOTʯͱݺ͹Ε͍ͯΔɻ#BSMPX5XJOT͸ɺେن໛ͳόονΛඞཁͱͤͣɺ༧ଌωοτϫʔΫɺޯ഑ఀࢭɺॏΈߋ
    ৽ͷҠಈฏۉͳͲɺ૒ࢠͷωοτϫʔΫؒͷඇରশੑ΋ඞཁ͋Γ·ͤΜɻ·ͨɺඇৗʹߴ࣍ݩͷग़ྗϕΫτϧΛ࢖༻͢Δ͜ͱ͕Ͱ͖·͢ɻ#BSMPX5XJOT͸ɺ*NBHF/FUʹ͓
    ͚Δ௿σʔλྖҬͰͷ൒ڭࢣ෇͖෼ྨʹ͓͍ͯɺैདྷͷख๏ΑΓ΋༏ΕͨੑೳΛൃش͠·͢ɻ·ͨɺ*NBHF/FUʹ͓͚Δઢܗ෼ྨثϔουΛ༻͍ͨ෼ྨ΍ɺ෼ྨͱ෺ମݕग़
    ͷసૹλεΫʹ͓͍ͯ΋ɺݱࡏͷٕज़ਫ४ͱಉ౳ͷੑೳΛൃش͠·͢ɻ
    w 4FMGTVQFSWJTFEMFBSOJOH 44-
    JTSBQJEMZDMPTJOHUIFHBQXJUITVQFSWJTFENFUIPETPOMBSHFDPNQVUFSWJTJPOCFODINBSLT"TVDDFTTGVMBQQSPBDIUP44-JT
    UPMFBSOSFQSFTFOUBUJPOTXIJDIBSFJOWBSJBOUUPEJTUPSUJPOTPGUIFJOQVUTBNQMF)PXFWFS BSFDVSSJOHJTTVFXJUIUIJTBQQSPBDIJTUIFFYJTUFODFPGUSJWJBM
    DPOTUBOUSFQSFTFOUBUJPOT.PTUDVSSFOUNFUIPETBWPJETVDIDPMMBQTFETPMVUJPOTCZDBSFGVMJNQMFNFOUBUJPOEFUBJMT8FQSPQPTFBOPCKFDUJWFGVODUJPOUIBU
    OBUVSBMMZBWPJETTVDIDPMMBQTFCZNFBTVSJOHUIFDSPTTDPSSFMBUJPONBUSJYCFUXFFOUIFPVUQVUTPGUXPJEFOUJDBMOFUXPSLTGFEXJUIEJTUPSUFEWFSTJPOTPGB
    TBNQMF BOENBLJOHJUBTDMPTFUPUIFJEFOUJUZNBUSJYBTQPTTJCMF5IJTDBVTFTUIFSFQSFTFOUBUJPOWFDUPSTPGEJTUPSUFEWFSTJPOTPGBTBNQMFUPCFTJNJMBS
    XIJMFNJOJNJ[JOHUIFSFEVOEBODZCFUXFFOUIFDPNQPOFOUTPGUIFTFWFDUPST5IFNFUIPEJTDBMMFE#BSMPX5XJOT PXJOHUPOFVSPTDJFOUJTU)#BSMPXT
    SFEVOEBODZSFEVDUJPOQSJODJQMFBQQMJFEUPBQBJSPGJEFOUJDBMOFUXPSLT#BSMPX5XJOTEPFTOPUSFRVJSFMBSHFCBUDIFTOPSBTZNNFUSZCFUXFFOUIFOFUXPSL
    UXJOTTVDIBTBQSFEJDUPSOFUXPSL HSBEJFOUTUPQQJOH PSBNPWJOHBWFSBHFPOUIFXFJHIUVQEBUFT*UBMMPXTUIFVTFPGWFSZIJHIEJNFOTJPOBMPVUQVU
    WFDUPST#BSMPX5XJOTPVUQFSGPSNTQSFWJPVTNFUIPETPO*NBHF/FUGPSTFNJTVQFSWJTFEDMBTTJpDBUJPOJOUIFMPXEBUBSFHJNF BOEJTPOQBSXJUIDVSSFOU
    TUBUFPGUIFBSUGPS*NBHF/FUDMBTTJpDBUJPOXJUIBMJOFBSDMBTTJpFSIFBE BOEGPSUSBOTGFSUBTLTPGDMBTTJpDBUJPOBOEPCKFDUEFUFDUJPO
    IUUQTBSYJWPSHBCTW

    View Slide

  51. View Slide

  52. View Slide

  53. Պֶ࿦จʹ͓͚Δը૾ૢ࡞ͷݟ෼͚ํ
    -FBSOJOHUPJEFOUJGZJNBHFNBOJQVMBUJPOTJOTDJFOUJpDQVCMJDBUJPOT
    w Պֶքͷج४ΛकΔ͜ͱͰɺ٬؍ੑɺ໌֬ੑɺ࠶ݱੑ͕֬อ͞ΕɺภΓɺ፻଄ɺվ͟Μɺ౪༻ͳͲΛ๷͙͜ͱ͕Ͱ͖·͢ɻݚڀऀ͕͜ΕΒͷج४
    Λक͍ͬͯΔ͔Ͳ͏͔ΛՊֶత৴པੑ޲্୲౰ऀ΍δϟʔφϧɾग़൛ࣾͷࠪಡऀ͕؂ࢹ͢ΔͨΊʹ͸ɺՊֶ࿦จͰ࠷΋සൟʹߦΘΕΔૢ࡞ͷͭ
    Ͱ͋ΔॏෳΛݕग़͢ΔͨΊͷ࣮֬ͳखॱΛ࣋ͭ͜ͱ͕ॏཁͰ͢ɻՊֶ࿦จʹ͓͚Δը૾͸ɺ࣮ݧͷઆ໌΍݁Ռͷߟ࡯Λαϙʔτ͢ΔͨΊʹ࢖༻͞
    Ε·͢ɻͦ͜ͰɺຊݚڀͰ͸ɺՊֶ࿦จͷ࠷΋ॏཁͳ෦෼ͷͭͰ͋Δը૾ͷॏෳΛݕग़͢Δ͜ͱʹয఺Λ౰ͯΔɻຊݚڀͰ͸ɺ࿦จதͷը૾Λ
    ॏෳ͍ͯ͠Δ΋ͷͱॏෳ͍ͯ͠ͳ͍΋ͷʹ෼ྨ͢ΔͨΊʹɺը૾ॲཧͱਂ૚ֶशͷख๏Λ૊Έ߹ΘͤͨϑϨʔϜϫʔΫΛఏҊ͢Δɻզʑͷख๏
    ͸ɺॏෳͨ͠ը૾Λͷਫ਼౓Ͱݕग़͢Δ͜ͱʹͭͳ͕Γɺଞͷૢ࡞ݕग़ख๏ͱൺֱͯ͠ݕग़ਫ਼౓͕ʙ޲্ͨ͜͠ͱΛࣔ͠·͢ɻ·ͨɼલॲ
    ཧ͕͍͔ʹ༗ޮͰ͋Δ͔ΛɼલॲཧΛߦΘͳ͍ଞͷ࠷৽ͷૢ࡞ݕग़ثͱൺֱ͢Δ͜ͱͰࣔͨ͠ɽ
    w "EIFSFODFUPTDJFOUJpDDPNNVOJUZTUBOEBSETFOTVSFTPCKFDUJWJUZ DMBSJUZ SFQSPEVDJCJMJUZ BOEIFMQTQSFWFOUCJBT GBCSJDBUJPO
    GBMTJpDBUJPO BOEQMBHJBSJTN5PIFMQTDJFOUJpDJOUFHSJUZP⒏DFSTBOEKPVSOBMQVCMJTIFSSFWJFXFSTNPOJUPSJGSFTFBSDIFSTTUJDLXJUI
    UIFTFTUBOEBSET JUJTJNQPSUBOUUPIBWFBTPMJEQSPDFEVSFUPEFUFDUEVQMJDBUJPOBTPOFPGUIFNPTUGSFRVFOUUZQFTPGNBOJQVMBUJPO
    JOTDJFOUJpDQBQFST*NBHFTJOTDJFOUJpDQBQFSTBSFVTFEUPTVQQPSUUIFFYQFSJNFOUBMEFTDSJQUJPOBOEUIFEJTDVTTJPOPGUIFpOEJOHT
    5IFSFGPSF JOUIJTXPSLXFGPDVTPOEFUFDUJOHUIFEVQMJDBUJPOTJOJNBHFTBTPOFPGUIFNPTUJNQPSUBOUQBSUTPGBTDJFOUJpDQBQFS
    8FQSPQPTFBGSBNFXPSLUIBUDPNCJOFTJNBHFQSPDFTTJOHBOEEFFQMFBSOJOHNFUIPETUPDMBTTJGZJNBHFTJOUIFBSUJDMFTBT
    EVQMJDBUFEPSVOEVQMJDBUFEPOFT8FTIPXUIBUPVSNFUIPEMFBETUPBBDDVSBDZSBUFPGEFUFDUJOHEVQMJDBUFEJNBHFT Bd
    JNQSPWFNFOUJOEFUFDUJPOBDDVSBDZJODPNQBSJTPOUPPUIFSNBOJQVMBUJPOEFUFDUJPONFUIPET8FBMTPTIPXIPXF⒎FDUJWFUIFQSF
    QSPDFTTJOHTUFQTBSFCZDPNQBSJOHPVSNFUIPEUPPUIFSTUBUFPGBSUNBOJQVMBUJPOEFUFDUPSTXIJDIMBDLUIFTFTUFQT
    IUUQTBSYJWPSHBCTW

    View Slide

  54. ࿦จ͔ΒਤΛநग़͢Δɻ
    ؔ৺ྖҬʢ30*ʣͷੜ੒
    γϟϜωοτϫʔΫ 4JBNFTF/FUXPSL
    Λ༻͍ͨॏෳͷݕग़

    View Slide

  55. View Slide

  56. 4JBNFTF/FUXPSL
    ͱ͸ɺϖΞը૾Λೖྗۭͯؒ͠΁ຒΊࠐΈɺʮ࠷దͳʯڑ཭Λग़ྗ͢Δ
    IUUQTDQQMFBSOJOHDPNTJBNFTFOFUXPSL

    View Slide

  57. ૄͳදݱʹΑΔը૾ͷੜ੒
    (FOFSBUJOH*NBHFTXJUI4QBSTF3FQSFTFOUBUJPOT
    w ը૾ͷߴ࣍ݩԽ͸ɼ໬౓ϕʔεͷੜ੒ϞσϧʹͱͬͯΞʔΩςΫνϟ΍αϯϓϦϯάޮ཰ͷ՝୊ͱͳ͍ͬͯΔɽ727"&ͷΑ͏ͳैདྷͷΞϓϩʔ
    νͰ͸ɼਂ͍ΦʔτΤϯίʔμʔΛ༻͍ͯίϯύΫτͳදݱΛಘ͓ͯΓɼ͜Ε͸໬౓ϕʔεͷϞσϧͷೖྗͱͯ͠ΑΓ࣮༻తͰ͋ΔɽຊݚڀͰ
    ͸ɺ+1&(ͳͲͷҰൠతͳը૾ѹॖख๏ʹώϯτΛಘͯɺը૾ΛྔࢠԽ͞Εͨ཭ࢄίαΠϯม׵ʢ%$5ʣϒϩοΫʹม׵͠ɺ%$5νϟωϧɺۭؒ
    తҐஔɺ%$5܎਺τϦϓϧͷγʔέϯεͱͯ͠ૄʹදݱ͢Δͱ͍͏ผͷΞϓϩʔνΛఏҊ͢ΔɻຊݚڀͰ͸ɺ͜ͷΑ͏ͳγʔέϯεͷ࣍ͷཁૉͷ
    ৚݅෇͖෼෍Λஞ࣍༧ଌ͢ΔΑ͏ʹֶश͞Εɺߴղ૾౓ͷը૾ʹ΋ޮՌతʹରԠͰ͖Δɺ5SBOTGPSNFSϕʔεͷࣗݾճؼΞʔΩςΫνϟΛఏҊ͢
    Δɻ༷ʑͳը૾σʔληοτʹ͓͍ͯɺຊख๏͕ߴ඼࣭Ͱଟ༷ੑͷ͋Δը૾Λੜ੒͠ɺαϯϓϧϝτϦοΫεͷείΞ͕࠷৽ͷख๏ʹඖఢ͢Δ͜
    ͱΛ࣮ূ͠·ͨ͠ɻ͞Βʹɺຊख๏ʹ؆୯ͳमਖ਼ΛՃ͑Δ͜ͱͰɺޮՌతͳը૾ͷ৭෇͚΍௒ղ૾Ϟσϧ͕ಘΒΕΔ͜ͱ΋͍ࣔͯ͠Δɻ
    w 5IFIJHIEJNFOTJPOBMJUZPGJNBHFTQSFTFOUTBSDIJUFDUVSFBOETBNQMJOHF⒏DJFODZDIBMMFOHFTGPSMJLFMJIPPECBTFEHFOFSBUJWFNPEFMT
    1SFWJPVTBQQSPBDIFTTVDIBT727"&VTFEFFQBVUPFODPEFSTUPPCUBJODPNQBDUSFQSFTFOUBUJPOT XIJDIBSFNPSFQSBDUJDBMBT
    JOQVUTGPSMJLFMJIPPECBTFENPEFMT8FQSFTFOUBOBMUFSOBUJWFBQQSPBDI JOTQJSFECZDPNNPOJNBHFDPNQSFTTJPONFUIPETMJLF
    +1&( BOEDPOWFSUJNBHFTUPRVBOUJ[FEEJTDSFUFDPTJOFUSBOTGPSN %$5
    CMPDLT XIJDIBSFSFQSFTFOUFETQBSTFMZBTBTFRVFODFPG
    %$5DIBOOFM TQBUJBMMPDBUJPO BOE%$5DPF⒏DJFOUUSJQMFT8FQSPQPTFB5SBOTGPSNFSCBTFEBVUPSFHSFTTJWFBSDIJUFDUVSF XIJDIJT
    USBJOFEUPTFRVFOUJBMMZQSFEJDUUIFDPOEJUJPOBMEJTUSJCVUJPOPGUIFOFYUFMFNFOUJOTVDITFRVFODFT BOEXIJDITDBMFTF⒎FDUJWFMZUP
    IJHISFTPMVUJPOJNBHFT0OBSBOHFPGJNBHFEBUBTFUT XFEFNPOTUSBUFUIBUPVSBQQSPBDIDBOHFOFSBUFIJHIRVBMJUZ EJWFSTF
    JNBHFT XJUITBNQMFNFUSJDTDPSFTDPNQFUJUJWFXJUITUBUFPGUIFBSUNFUIPET8FBEEJUJPOBMMZTIPXUIBUTJNQMFNPEJpDBUJPOTUPPVS
    NFUIPEZJFMEF⒎FDUJWFJNBHFDPMPSJ[BUJPOBOETVQFSSFTPMVUJPONPEFMT
    IUUQTBSYJWPSHBCTW

    View Slide

  58. View Slide

  59. View Slide

  60. θϩγϣοτͰςΩετ͔Βը૾Λੜ੒
    ;FSP4IPU5FYUUP*NBHF(FOFSBUJPO
    w ैདྷɺςΩετ͔Βը૾΁ͷม׵Ͱ͸ɺݻఆͷσʔληοτͰֶश͢ΔࡍʹɺΑΓྑ͍ϞσϦϯάͷԾఆΛݟͭ
    ͚Δ͜ͱʹॏ఺͕ஔ͔Ε͖ͯ·ͨ͠ɻ͜ΕΒͷԾఆʹ͸ɺෳࡶͳΞʔΩςΫνϟɺิॿతͳଛࣦɺ͋Δ͍͸ֶश
    ࣌ʹఏڙ͞ΕΔΦϒδΣΫτͷύʔπϥϕϧ΍ηάϝϯςʔγϣϯϚεΫͳͲͷ෭࣍తͳ৘ใؚ͕·ΕΔ৔߹͕
    ͋Δɻຊ࿦จͰ͸ɺςΩετͱը૾ͷτʔΫϯΛ୯ҰͷσʔλετϦʔϜͱͯࣗ͠ݾճؼతʹϞσϧԽ͢Δม׵
    ثʹج͍ͮͨɺ͜ͷλεΫͷͨΊͷγϯϓϧͳΞϓϩʔνΛઆ໌͢Δɻे෼ͳσʔλͱن໛͕͋Ε͹ɺզʑͷΞ
    ϓϩʔν͸ɺθϩγϣοτํࣜͰධՁͨ͠৔߹ɺҎલͷυϝΠϯݻ༗ͷϞσϧͱڝ߹͢Δɻ
    w 5FYUUPJNBHFHFOFSBUJPOIBTUSBEJUJPOBMMZGPDVTFEPOpOEJOHCFUUFSNPEFMJOHBTTVNQUJPOTGPS
    USBJOJOHPOBpYFEEBUBTFU5IFTFBTTVNQUJPOTNJHIUJOWPMWFDPNQMFYBSDIJUFDUVSFT BVYJMJBSZMPTTFT
    PSTJEFJOGPSNBUJPOTVDIBTPCKFDUQBSUMBCFMTPSTFHNFOUBUJPONBTLTTVQQMJFEEVSJOHUSBJOJOH8F
    EFTDSJCFBTJNQMFBQQSPBDIGPSUIJTUBTLCBTFEPOBUSBOTGPSNFSUIBUBVUPSFHSFTTJWFMZNPEFMTUIF
    UFYUBOEJNBHFUPLFOTBTBTJOHMFTUSFBNPGEBUB8JUITV⒏DJFOUEBUBBOETDBMF PVSBQQSPBDIJT
    DPNQFUJUJWFXJUIQSFWJPVTEPNBJOTQFDJpDNPEFMTXIFOFWBMVBUFEJOB[FSPTIPUGBTIJPO
    IUUQTBSYJWPSHBCTW

    View Slide

  61. ਖ਼ن෼෍ʹै͏ཚ਺ΛऔΓೖΕͯજࡏۭؒ΁ຒΊࠐΈ
    IUUQTRJJUBDPNLFONBUTVJUFNTCEFEBB

    View Slide

  62. View Slide

  63. w4UBHF8FUSBJOBEJTDSFUFWBSJBUJPOBMBVUPFODPEFS E7"&
    UPDPNQSFTTFBDI
    º3(#JNBHFJOUPBºHSJEPGJNBHFUPLFOT FBDIFMFNFOUPGXIJDIDBO
    BTTVNFQPTTJCMFWBMVFT5IJTSFEVDFTUIFDPOUFYUTJ[FPGUIFUSBOTGPSNFSCZB
    GBDUPSPGXJUIPVUBMBSHFEFHSBEBUJPOJOWJTVBMRVBMJUZ TFF'JHVSF

    w4UBHF8FDPODBUFOBUFVQUP#1&FODPEFEUFYUUPLFOTXJUIUIFº
    JNBHFUPLFOT BOEUSBJOBOBVUPSFHSFTTJWFUSBOTGPSNFSUPNPEFMUIFKPJOU
    EJTUSJCVUJPOPWFSUIFUFYUBOEJNBHFUPLFOT
    εςʔδ཭ࢄม෼ΦʔτΤϯίʔμʔʢE7"&ʣΛ܇࿅ͯ͠ɺº3(#ͷ֤ը૾
    ΛɺݸͷՄೳͳ஋Λ૝ఆͰ͖Δ֤ཁૉΛ࣋ͭºάϦουͷը૾τʔΫϯʹѹॖ͢
    Δɻ͜ΕʹΑΓɼը࣭Λେ͖͘ྼԽͤ͞Δ͜ͱͳ͘ɼม׵ثͷίϯςΩεταΠζΛ෼
    ͷʹݮΒ͢͜ͱ͕Ͱ͖·ͨ͠ɻ
    εςʔδ#1&ූ߸Խ͞Εͨ࠷େݸͷςΩεττʔΫϯͱºʹݸͷը૾
    τʔΫϯΛ࿈݁͠ɼࣗݾճؼม׵ثΛֶशͯ͠ɼςΩεττʔΫϯͱը૾τʔΫϯͷ݁߹෼
    ෍ΛϞσϧԽ͢Δɽ

    View Slide

  64. &WJEFODF-PXFS#0VOEʢ&-#0 WBSJBUJPOBMMPXFSCPVOEʣ
    ౷ܭֶͰ͸ɺม෼ϕΠζ๏Ͱ࠷దԽ͞ΕΔྔΛূڌԼݶʢ&-#0ɺม෼
    Լݶɺෛͷม෼ࣗ༝ΤωϧΪʔͱ΋͍͏ʣͱ͍͏ɻ
    IUUQTFOXJLJQFEJBPSHXJLJ&WJEFODF@MPXFS@CPVOE
    IUUQTTUBUNPEFMJOHIBUFOBCMPHDPNFOUSZWBSJBUJPOBMCBZFTJBO
    JOGFSFODF

    View Slide

  65. 'JHVSF$PNQBSJTPOPGTBNQMFTGSPNPVSNPEFMUPUIPTFGSPNQSJPSBQQSPBDIFTPODBQUJPOTGSPN.
    OPUVTFBOZNBOVBMDIFSSZQJDLJOHXJUIUIFTFMFDUJPOPGFJUIFSUIFDBQUJPOTPSUIFTBNQMFTGSPNBOZPG

    View Slide

  66. )VNBOFWBMVBUJPOPGPVSNPEFM FWBMVBUFE[FSPTIPUXJUIPVUUFNQFSBUVSFSFEVDUJPO
    WTQSJPSXPSL %'
    ("/
    PODBQUJPOTGSPN.4$0$0*OBCFTUPGpWFWPUF PVSNPEFM`TTBNQMFXBTDIPTFOBTUIFNPTU
    SFBMJTUJDPGUIFUJNF BOEXBTDIPTFOBTUIFJNBHFCFTUNBUDIJOHBTIBSFEDBQUJPOPGUIF
    UJNF

    View Slide

  67. ม׵ثͷվ଄͸ɺ࣮૷΍ΞϓϦέʔγϣϯΛ௒͑ͯ΋ม׵͞ΕΔͷ͔ʁ
    %P5SBOTGPSNFS.PEJpDBUJPOT5SBOTGFS"DSPTT*NQMFNFOUBUJPOTBOE"QQMJDBUJPOT
    w 5SBOTGPSNFSͷΞʔΩςΫνϟ͸ɺ೥Ҏ্લʹൃද͞ΕͯҎདྷɺݚڀऀίϛϡχςΟ͔Β༷ʑͳվྑ͕ఏҊ͞Ε͖ͯ·͕ͨ͠ɺ޿͘࠾
    ༻͞Ε͍ͯΔ΋ͷ͸ൺֱతগͳ͍Ͱ͢ɻຊ࿦จͰ͸ɺࣗવݴޠॲཧʹ͓͚Δ5SBOTGPSNFSͷҰൠతͳ༻్ͷ΄ͱΜͲΛΧόʔ͢Δڞ௨
    ͷ࣮ݧ؀ڥʹ͓͍ͯɺ͜ΕΒͷमਖ਼ͷଟ͘Λ૯߹తʹධՁ͠·ͨ͠ɻڻ͘΂͖͜ͱʹɺ΄ͱΜͲͷվྑ͸ੑೳΛ༗ҙʹ޲্ͤ͞ͳ͍͜ͱ
    ͕Θ͔Γ·ͨ͠ɻ͞Βʹɺࢲ͕ͨͪ༗ӹͰ͋Δͱ൑அͨ͠5SBOTGPSNFSͷൃలܗͷ΄ͱΜͲ͸ɺࢲ͕ͨͪ࢖༻ͨ͠ͷͱಉ͡ίʔυϕʔ
    εͰ։ൃ͞Εͨ΋ͷ͔ɺൺֱతϚΠφʔͳมߋͰ͋Δ͜ͱ͕Θ͔Γ·ͨ͠ɻզʑ͸ɺੑೳ޲্͸࣮૷ͷৄࡉʹڧ͘ґଘ͍ͯ͠ΔՄೳੑ͕
    ͋Δͱਪଌ͠ɺͦΕʹରԠͯ͠ɺ࣮ݧ݁ՌͷҰൠੑΛ޲্ͤ͞ΔͨΊͷ͍͔ͭ͘ͷਪ঑ࣄ߲Λࣔ͠·͢ɻ
    w 5IFSFTFBSDIDPNNVOJUZIBTQSPQPTFEDPQJPVTNPEJpDBUJPOTUPUIF5SBOTGPSNFSBSDIJUFDUVSFTJODFJUXBTJOUSPEVDFE
    PWFSUISFFZFBSTBHP SFMBUJWFMZGFXPGXIJDIIBWFTFFOXJEFTQSFBEBEPQUJPO*OUIJTQBQFS XFDPNQSFIFOTJWFMZFWBMVBUF
    NBOZPGUIFTFNPEJpDBUJPOTJOBTIBSFEFYQFSJNFOUBMTFUUJOHUIBUDPWFSTNPTUPGUIFDPNNPOVTFTPGUIF5SBOTGPSNFSJO
    OBUVSBMMBOHVBHFQSPDFTTJOH4VSQSJTJOHMZ XFpOEUIBUNPTUNPEJpDBUJPOTEPOPUNFBOJOHGVMMZJNQSPWFQFSGPSNBODF
    'VSUIFSNPSF NPTUPGUIF5SBOTGPSNFSWBSJBOUTXFGPVOECFOFpDJBMXFSFFJUIFSEFWFMPQFEJOUIFTBNFDPEFCBTFUIBUXF
    VTFEPSBSFSFMBUJWFMZNJOPSDIBOHFT8FDPOKFDUVSFUIBUQFSGPSNBODFJNQSPWFNFOUTNBZTUSPOHMZEFQFOEPO
    JNQMFNFOUBUJPOEFUBJMTBOEDPSSFTQPOEJOHMZNBLFTPNFSFDPNNFOEBUJPOTGPSJNQSPWJOHUIFHFOFSBMJUZPGFYQFSJNFOUBM
    SFTVMUT
    IUUQTBSYJWPSHBCTW
    IUUQTHJUIVCDPNHPPHMFSFTFBSDIHPPHMFSFTFBSDIUSFFNBTUFSUSBOTGPSNFS@NPEJpDBUJPOT

    View Slide

  68. 5SBOTGPSNFSʢ෮शʣ
    5VUPSJBMT
    IUUQOMQTFBTIBSWBSEFEVBUUFOUJPOIUNM
    IUUQKBMBNNBSHJUIVCJPJMMVTUSBUFEUSBOTGPSNFS

    View Slide

  69. w "DUJWBUJPOT
    w /PSNBMJ[BUJPO
    w %FQUI
    w &NCFEEJOHT
    w 1BSBNFUFSTIBSJOH
    w 4PGUNBY
    w "SDIJUFDUVSFT
    w 5SBOTQBSFOU"UUFOUJPO
    w &WPMWFE5SBOTGPSNFS
    w 4ZOUIFTJ[FSWBSJBOUT
    w 'VOOFM5SBOTGPSNFS
    w -JHIUXFJHIUBOE%ZOBNJDDPOWPMVUJPOT
    w 4QBSTF&YQFSU5SBOTGPSNFST
    w 1SPEVDU,FZ.FNPSZ
    w 6OJWFSTBM5SBOTGPSNFS

    View Slide

  70. View Slide

  71. IUUQTXXXTMJEFTIBSFOFUIPYP@NQFSQMFYJUZ

    View Slide

  72. View Slide

  73. ࣮ࡍʹੑೳ͕޲্ͨ͠मਖ਼͸ɺ
    ൺֱత୯७ͳ΋ͷʢ׆ੑԽؔ਺ͷมߋͳͲʣ
    զʑ͕࣮ݧΛߦͬͨͷͱಉ͡ίʔυϕʔεͰ։ൃ͞Εͨ΋ͷʢ4ZOUIFTJ[FSWBSJBOUTʢ5BZFUBMʣͳͲʣ
    ύϥϝʔλ਺΍'-01਺͕૿Ճͨ͠΋ͷʢ4XJUDI5SBOTGPSNFSʢ'FEVTFUBMʣ΍6OJWFSTBM5SBOTGPSNFSʢ%FIHIBOJFUBMʣͳͲʣ
    ͷ͍ͣΕ͔ʹେผ͞ΕΔɻ
    ΄ͱΜͲͷϞσϧͰੑೳ͕޲্͠ͳ͔ͬͨཧ༝ͱͯ͠ߟ͑ΒΕΔͷ͸
    .FTI5FOTPS'MPXͷίʔυϕʔεͱ࣮૷͕ඪ४తͳख๏ͱ͋·Γʹ΋ҟͳΔͨΊɺ΄ͱΜͲͷΞʔΩςΫνϟͷमਖ਼͕͏·͍͔͘ͳ͍ɻ
    ݕ౼͢ΔλεΫ͕ඇඪ४తͳ΋ͷͰ͋ͬͨΓɺͦ΋ͦ΋मਖ਼Λۛຯ͢ΔͨΊʹ࢖ΘΕͨλεΫͷηοτͱҰக͠ͳ͍ɻ
    ϋΠύʔύϥϝʔλΛνϡʔχϯά͠ͳ͍͜ͱ͕ଞͷख๏ͷো֐ͱͳͬͨɻ
    मਖ਼఺ͷଟ͘Λޡ࣮ͬͯ૷ͯ͠͠·ͬͨɻ͜ͷՄೳੑΛഉআ͢ΔͨΊʹɼݕ౼ͨ͠मਖ਼Λߦͬͨଟ͘ͷ੍࡞ऀͱ࿈བྷΛऔΓɼ͢΂ͯͷέʔεͰमਖ਼͕ਖ਼
    ͍͜͠ͱΛ֬ೝ͠·ͨ͠ɽ
    5SBOTGPNFSΞʔΩςΫνϟ΁ͷमਖ਼͸ɺଟ͘ͷ৔߹ɺ࣮૷΍ΞϓϦέʔγϣϯؒͰҠߦ͠ͳ͍ɻ

    View Slide

  74. ৽͍͠վྑΛఏҊ͢Δࡍʹ͸
    ׬શʹҟͳΔෳ਺ͷίʔυϕʔεͰࢼͯ͠ΈΔ
    ͞·͟·ͳԼྲྀͷΞϓϦέʔγϣϯʹద༻͠ɺ৔߹ʹΑͬͯ͸/-1Ҏ֎ͷυϝ
    Πϯ΋ؚΊΔ
    ҟͳΔ࣮૷΍ҟͳΔλεΫͰͷੑೳΛධՁ͢Δࡍʹ͸ɺϋΠύʔύϥϝʔλΛ
    Ͱ͖ΔݶΓݻఆ͢Δ͔ɺগͳ͘ͱ΋ϋΠύʔύϥϝʔλͷมԽʹର͢Δमਖ਼ͷ
    ؤ݈ੑΛଌఆ͢ΔΑ͏ʹ͢Δɻ
    ࠷ྑͷํ๏Ͱ݁ՌΛใࠂ͢Δʹ͸ɺෳ਺ͷࢼߦͷฏۉ஋ͱඪ४ภࠩΛؚΊΔ
    ͔ɺগͳ͘ͱ΋࠷ྑͷ࣮ߦ݁ՌΛબͿ͜ͱ͸ආ͚ͳ͚Ε͹ͳΒͳ͍ɻ

    View Slide

  75. άϥϑχϡʔϥϧωοτϫʔΫͷࣗݾڭࢣ෇ֶ͖श౷ҰϨϏϡʔ
    4FMG4VQFSWJTFE-FBSOJOHPG(SBQI/FVSBM/FUXPSLT"6OJpFE3FWJFX
    w ڭࢣ͋ΓϞʔυͰֶश͞ΕͨσΟʔϓϞσϧ͸ɺ༷ʑͳλεΫͰ໨֮·͍͠੒ޭΛऩΊ͍ͯΔɻϥϕϧ෇͖ͷαϯϓϧ͕ݶΒΕ͍ͯΔ৔߹ɺେྔͷϥϕϧͳ͠
    ͷαϯϓϧΛར༻͢ΔͨΊͷ৽͍͠ύϥμΠϜͱͯ͠ɺࣗݾڭࢣ෇ֶ͖शʢ44-ʣ͕ొ৔͍ͯ͠Δɻ44-͸ɼࣗવݴޠֶश΍ը૾ֶशͷλεΫͰ༗๬ͳੑೳΛ
    ୡ੒͍ͯ͠Δɽ࠷ۙͰ͸ɼάϥϑχϡʔϥϧωοτϫʔΫʢ(//ʣΛ༻͍ͯɼ͜ͷΑ͏ͳ੒ޭΛάϥϑσʔλʹ֦ு͠Α͏ͱ͢Δಈ͖͕͋ΔɽຊௐࠪͰ͸ɼ
    44-Λ༻͍ͯ(//Λֶश͢Δ༷ʑͳํ๏Λ౷ҰతʹϨϏϡʔ͠·͢ɽ۩ମతʹ͸ɺ44-ͷख๏ΛରൺϞσϧͱ༧ଌϞσϧʹ෼ྨ͢Δɻ͍ͣΕͷ෼ྨʹ͓͍ͯ
    ΋ɺख๏ͷ౷ҰతͳϑϨʔϜϫʔΫͱɺͦͷϑϨʔϜϫʔΫͷԼͰͷ֤ཁૉʹ͓͚Δख๏ͷҧ͍Λఏࣔ͢Δɻ(//ʹର͢Δ44-ख๏Λ౷Ұతʹѻ͏͜ͱͰɺ
    ༷ʑͳख๏ͷڞ௨఺΍૬ҧ఺Λ໌Β͔ʹ͠ɺ৽ͨͳख๏΍ΞϧΰϦζϜͷ։ൃʹͭͳ͛Δ͜ͱ͕Ͱ͖Δɻ·ͨɺҟͳΔ44-ͷઃఆͱɺ֤ઃఆͰ࢖༻͞ΕΔର
    Ԡ͢Δσʔληοτʹ͍ͭͯ΋·ͱΊ͍ͯ·͢ɻํ๏࿦ͷ։ൃͱܦݧతͳൺֱΛ༰қʹ͢ΔͨΊʹɺڞ௨ͷϕʔεϥΠϯख๏ɺσʔληοτɺධՁࢦඪͷ࣮૷
    ΛؚΉɺ(//ʹ͓͚Δ44-ͷͨΊͷඪ४Խ͞ΕͨςετϕουΛ։ൃ͢Δɻ
    w %FFQNPEFMTUSBJOFEJOTVQFSWJTFENPEFIBWFBDIJFWFESFNBSLBCMFTVDDFTTPOBWBSJFUZPGUBTLT8IFOMBCFMFETBNQMFTBSFMJNJUFE TFMG
    TVQFSWJTFEMFBSOJOH 44-
    JTFNFSHJOHBTBOFXQBSBEJHNGPSNBLJOHVTFPGMBSHFBNPVOUTPGVOMBCFMFETBNQMFT44-IBTBDIJFWFEQSPNJTJOH
    QFSGPSNBODFPOOBUVSBMMBOHVBHFBOEJNBHFMFBSOJOHUBTLT3FDFOUMZ UIFSFJTBUSFOEUPFYUFOETVDITVDDFTTUPHSBQIEBUBVTJOHHSBQI
    OFVSBMOFUXPSLT (//T
    *OUIJTTVSWFZ XFQSPWJEFBVOJpFESFWJFXPGEJ⒎FSFOUXBZTPGUSBJOJOH(//TVTJOH44-4QFDJpDBMMZ XFDBUFHPSJ[F
    44-NFUIPETJOUPDPOUSBTUJWFBOEQSFEJDUJWFNPEFMT*OFJUIFSDBUFHPSZ XFQSPWJEFBVOJpFEGSBNFXPSLGPSNFUIPETBTXFMMBTIPXUIFTF
    NFUIPETEJ⒎FSJOFBDIDPNQPOFOUVOEFSUIFGSBNFXPSL0VSVOJpFEUSFBUNFOUPG44-NFUIPETGPS(//TTIFETMJHIUPOUIFTJNJMBSJUJFTBOE
    EJ⒎FSFODFTPGWBSJPVTNFUIPET TFUUJOHUIFTUBHFGPSEFWFMPQJOHOFXNFUIPETBOEBMHPSJUINT8FBMTPTVNNBSJ[FEJ⒎FSFOU44-TFUUJOHTBOE
    UIFDPSSFTQPOEJOHEBUBTFUTVTFEJOFBDITFUUJOH5PGBDJMJUBUFNFUIPEPMPHJDBMEFWFMPQNFOUBOEFNQJSJDBMDPNQBSJTPO XFEFWFMPQB
    TUBOEBSEJ[FEUFTUCFEGPS44-JO(//T JODMVEJOHJNQMFNFOUBUJPOTPGDPNNPOCBTFMJOFNFUIPET EBUBTFUT BOEFWBMVBUJPONFUSJDT
    IUUQTBSYJWPSHBCTW

    View Slide

  76. (//
    IUUQTEPDTHPPHMFDPNQSFTFOUBUJPOESWN:R4T6NY-%*153F+

    View Slide

  77. "OPWFSWJFXPGTFMGTVQFSWJTFEMFBSOJOHNFUIPET

    View Slide

  78. 4VNNBSZBOETUBUJTUJDTPGDPNNPOHSBQIEBUBTFUTGPSTFMGTVQFSWJTFEMFBSOJOH

    View Slide

  79. %*(%JWFJOUP(SBQIT
    IUUQTHJUIVCDPNEJWFMBC%*(USFFNBJOEJHTTMHSBQI

    View Slide

  80. ࠓ݄ͷGFBUVSF

    View Slide

  81. #FIBWJPS'SPNUIF7PJEڭࢣͳ͠ͷΞΫςΟϒɾϓϨɾτϨʔχϯά
    #FIBWJPS'SPNUIF7PJE6OTVQFSWJTFE"DUJWF1SF5SBJOJOH
    w զʑ͸ɺڧԽֶशͷͨΊͷ৽͍͠ڭࢣͳ͠ͷࣄલֶश๏Ͱ͋Δ"15ʢ"DUJWF1SF5SBJOJOHͷུʣΛ঺հ͢Δɻ"15͸ɺใुͷͳ͍؀ڥͰ৽ن
    ͷঢ়ଶΛੵۃతʹ୳ࡧ͢Δ͜ͱͰɺߦಈ΍දݱΛֶश͢Δɻ"15͸ɺந৅తͳදݱۭؒͰܭࢉ͞ΕͨϊϯύϥϝτϦοΫͳΤϯτϩϐʔΛ࠷େ
    Խ͢Δ͜ͱͰ؀ڥΛ୳ࡧ͢Δͱ͍͏࢐৽ͳΞΠσΞΛ͍࣋ͬͯ·͢ɻ͜ΕʹΑΓɺࠔ೉ͳີ౓ϞσϦϯάΛճආ͢Δ͜ͱ͕Ͱ͖ɺ݁Ռͱͯ͠ɺ
    ߴ࣍ݩͷ؍ଌσʔλΛ࣋ͭ؀ڥʢྫ͑͹ɺը૾ͷ؍ଌσʔλͳͲʣʹ͓͍ͯɺຊख๏ΛΑΓྑ֦͘ு͢Δ͜ͱ͕Ͱ͖·͢ɻզʑ͸ɺ௕͍ڭࢣͳ
    ͠ͷࣄલֶशͷޙɺλεΫݻ༗ͷใुΛެ։͢Δ͜ͱͰɺ"15ΛܦݧతʹධՁͨ͠ɻ"UBSJࣾͷήʔϜʹ͓͍ͯɺ"15͸छྨͷήʔϜͰਓؒ
    ϨϕϧͷੑೳΛୡ੒͠ɺҰൠతͳ׬શڭࢣ෇͖3-ΞϧΰϦζϜͱൺֱͯ͠ߴ͍ڝ૪ྗΛಘͨɻ%.$POUSPMTVJUFͰ͸ɺ"15͸઴ۙతͳੑೳͱ
    σʔλޮ཰ͷ఺Ͱ͢΂ͯͷϕʔεϥΠϯΛ্ճΓɺθϩ͔Βͷֶश͕ۃΊͯࠔ೉ͳλεΫͷੑೳΛܶతʹ޲্ͤͨ͞ɻ
    w 8FJOUSPEVDFBOFXVOTVQFSWJTFEQSFUSBJOJOHNFUIPEGPSSFJOGPSDFNFOUMFBSOJOHDBMMFE"15 XIJDITUBOETGPS"DUJWF1SF
    5SBJOJOH"15MFBSOTCFIBWJPSTBOESFQSFTFOUBUJPOTCZBDUJWFMZTFBSDIJOHGPSOPWFMTUBUFTJOSFXBSEGSFFFOWJSPONFOUT5IFLFZ
    OPWFMJEFBJTUPFYQMPSFUIFFOWJSPONFOUCZNBYJNJ[JOHBOPOQBSBNFUSJDFOUSPQZDPNQVUFEJOBOBCTUSBDUSFQSFTFOUBUJPOTQBDF
    XIJDIBWPJETUIFDIBMMFOHJOHEFOTJUZNPEFMJOHBOEDPOTFRVFOUMZBMMPXTPVSBQQSPBDIUPTDBMFNVDICFUUFSJOFOWJSPONFOUTUIBU
    IBWFIJHIEJNFOTJPOBMPCTFSWBUJPOT FH JNBHFPCTFSWBUJPOT
    8FFNQJSJDBMMZFWBMVBUF"15CZFYQPTJOHUBTLTQFDJpDSFXBSE
    BGUFSBMPOHVOTVQFSWJTFEQSFUSBJOJOHQIBTF0O"UBSJHBNFT "15BDIJFWFTIVNBOMFWFMQFSGPSNBODFPOHBNFTBOEPCUBJOT
    IJHIMZDPNQFUJUJWFQFSGPSNBODFDPNQBSFEUPDBOPOJDBMGVMMZTVQFSWJTFE3-BMHPSJUINT0O%.$POUSPMTVJUF "15CFBUTBMM
    CBTFMJOFTJOUFSNTPGBTZNQUPUJDQFSGPSNBODFBOEEBUBF⒏DJFODZBOEESBNBUJDBMMZJNQSPWFTQFSGPSNBODFPOUBTLTUIBUBSF
    FYUSFNFMZEJ⒏DVMUUPUSBJOGSPNTDSBUDI
    BSYJWPSHBCTW

    View Slide

  82. $POUSBTUJWF-FBSOJOH
    IUUQTRJJUBDPNPNJJUBJUFNTBFDFFFGCBE
    ࠷৽ͷࣗݾڭࢣ͋Γֶशɻʮࣅ͍ͯΔσʔλ͸જࡏۭؒͰ΋ࣅͨຒΊࠐΈϕΫτϧʹͳ
    ΓɺҟͳΔσʔλ͸જࡏۭؒͰ΋ҟͳΔຒΊࠐΈϕΫτϧʹͳΔʯͱ͍͏͜ͱΛֶश͞
    ͤΔɻྨࣅ౓ͷࢦඪͱͯ͠ίαΠϯྨࣅ౓͕Α͘༻͍ΒΕΔɻ

    View Slide

  83. View Slide

  84. ϊϯύϥϝτϦοΫ
    IUUQTKBXJLJQFEJBPSHXJLJ
    &&&#&&"&"
    &&""&&"'&#&
    #
    গ਺ͷύϥϝʔλͰදݱ͍ͯ͠ͳ͍ख๏
    Τϯτϩϐʔʢ৘ใྔʣ
    IUUQTKBXJLJQFEJBPSHXJLJ&&"#&'
    ཚࡶ͞ɺ͋Δࣄ৅ͷى͜Γʹ͘͞ʢى͜Γʹ͍͘ࣄ৅΄ͲΑΓଟ͘ͷ৘ใྔΛؚΜͰ
    ͍Δʣ

    View Slide

  85. View Slide

  86. View Slide