sonet sdh jitter

Upload: wattana-maipook

Post on 03-Jun-2018

246 views

Category:

Documents


2 download

TRANSCRIPT

  • 8/12/2019 Sonet Sdh Jitter

    1/24

    %$&.*5281'2)621(726'+/,1(

    -,77(563(&,),&$7,216

    3UHVHQWDWLRQIRU43257058/ 5333 ,QIRUPDO

    ;3516 0HHWLQJRQ43 *EH-LWWHU

    *HRIIUH\*DUQHU

  • 8/12/2019 Sonet Sdh Jitter

    2/24

    287/,1(

    2YHUYLHZRIOLQHMLWWHUUHTXLUHPHQWVDQGVSHFLILFDWLRQV 'HILQLWLRQV

    -LWWHUWUDQVIHU

    -LWWHUWROHUDQFH

    -LWWHUJHQHUDWLRQ

    1HWZRUNLQWHUIDFHMLWWHU+QHWZRUNOLPLW,

  • 8/12/2019 Sonet Sdh Jitter

    3/24

    29(59,(:2)/,1(-,77(55(48,5(0(176

    1HWZRUNLQWHUIDFHMLWWHUUHTXLUHPHQW21HWZRUNOLPLW OLPLWVDFFXPXODWHGMLWWHUDWDQ\6700122&01QHWZRUNLQWHUIDFH

    (TXLSPHQWUHTXLUHPHQWV

    MLWWHUWROHUDQFH+VKRXOGVWUHVVWKHHTXLSPHQWDWOHDVWDVPXFKDVWKH

    QHWZRUNOLPLWZRXOG,

    MLWWHUWUDQVIHU+FRQWUROVMLWWHUDFFXPXODWLRQ, MLWWHUJHQHUDWLRQ+FRQWUROVMLWWHUDFFXPXODWLRQ,

    ,PSOHPHQWDWLRQRI&RQVHFXWLYH,GHQWLFDO'LJLW+&,', ,PPXQLW\

    0HDVXUHPHQW

  • 8/12/2019 Sonet Sdh Jitter

    4/24

    621(726'+/,1(-,77(563(&,),&$7,216

    6SHFLILFDWLRQ ,7807

    5HFRPPHQGDWLRQ

    $16,274

    6SHFLILFDWLRQ

    7HOFRUGLD*5

    1HWZRUN,QWHUIDFH-LWWHU

    *1;58 741438136 *505862*5046::

    -LWWHU7ROHUDQFH *1;58 +UHIHUUHGWRLQ*1:;6,

    741438136 *505862*5046::

    -LWWHU7UDQVIHU *1:;6 +IRUPHUO\LQ*1

  • 8/12/2019 Sonet Sdh Jitter

    5/24

    ,1)250$/'(),1,7,216

    1RWH= VHH*1;43 DQG741434IRUIRUPDOGHILQLWLRQVSHUWDLQLQJWRMLWWHUDQGV\QFKURQL]DWLRQ

    3KDVH00 WKHGLIIHUHQFHEHWZHHQWKHDFWXDOWLPHRIDELWDQGWKHLGHDO

    WLPHRIWKDWELW

    SKDVHLVW\SLFDOO\H[SUHVVHGLQXQLWVRIXQLWLQWHUYDOV+8,,/ GHJUHHV/ RU

    UDGLDQV RIWHQUHIHUUHGWRDVSKDVH0WLPHZKHQH[SUHVVHGLQXQLWVRIWLPH

    SKDVHLVDUDQGRPSURFHVV> FDQFKDUDFWHUL]HLQWKHIUHTXHQF\GRPDLQ+YLD

    SRZHUVSHFWUDOGHQVLW\RULQWKHWLPHGRPDLQXVLQJYDULRXVVWDWLVWLFV+H1J1/

    07,(/ 7'(9/ HWF1 +VHH*1;43 DQG741434,,

  • 8/12/2019 Sonet Sdh Jitter

    6/24

    ,1)250$/'(),1,7,216+&RQW1,

    -LWWHU00 WKHVKRUW0WHUPYDULDWLRQVRIWKHWLPHVRIWKHUHVSHFWLYHELWVIURPWKHLULGHDOWLPHV

    KHUH/ VKRUW0WHUPLVTXDQWLILHGE\GHILQLQJDPHDVXUHPHQWILOWHU

    PHDVXUHPHQWILOWHULVDEDQGSDVVILOWHU> WKHKLJK0SDVVDQGORZ0SDVVSRUWLRQV

    DUHSUHFLVHO\GHILQHG

    DFWXDOO\GHILQHKLJK0EDQG DQGZLGH0EDQGMLWWHUZLWKDSSURSULDWHPHDVXUHPHQWILOWHUIRUHDFK+L1H1/ HDFKLVFKDUDFWHUL]HGE\LWVPHDVXUHPHQW

    ILOWHU,

    KLJK0EDQGMLWWHUUHODWHVWRWKHMLWWHURIWKHUHFRYHUHGWLPLQJVLJQDODQGWKHUHVXOWLQJ

    H\H0FORVXUH> H[FHVVLYHKLJK0EDQGMLWWHUUHVXOWVLQPLV0GHFLVLRQVRIELWV+LWLVRIPRVW

    LQWHUHVWKHUH,

    ZLGH0EDQGMLWWHUUHODWHVWRWKHEXIIHULQJRIGDWDLQWKHUHJHQHUDWRUDQGWKHSRVVLEOHRYHU2XQGHUIORZRIWKLVEXIIHU+LWLVRIOHVVLQWHUHVWLQWKLVSUHVHQWDWLRQ,

  • 8/12/2019 Sonet Sdh Jitter

    7/24

    ,17(5)$&(6

    -LWWHUWUDQVIHU/ WROHUDQFH/ JHQHUDWLRQ/ DQGQHWZRUNLQWHUIDFHMLWWHUDUHGHILQHGZLWKUHVSHFWWR670012&01RSWLFDOLQWHUIDFHV

    WKHUHDUHGHILQLWLRQVIRU67001DQG2&01HOHFWULFDOLQWHUIDFHV/ EXWWKHVH

    DUHQRWUHOHYDQWIRU2&04

  • 8/12/2019 Sonet Sdh Jitter

    8/24

    -,77(575$16)(5

    %DVLFREMHFWLYHVRIFORFNUHFRYHU\FLUFXLW+SDUDSKUDVHGIURP>4@, *HQHUDWHDWLPLQJVLJQDOWKDWFDQEHXVHGWRVDPSOHWKHGDWD

    WUDFNWKHLQSXWGDWDLQWKHSUHVHQFHRIMLWWHU+L1H1/ WROHUDWHWKHLQSXWMLWWHU,

    VWD\ORFNHGWRWKHGDWDVWUHDPGXULQJSHULRGVRIQRWUDQVLWLRQV

    )LUVWUHTXLUHPHQWGULYHVWKHEDQGZLGWKRIWKHFORFNUHFRYHU\3//ZLGHU

    L1H1/ DERYHWKHIUHTXHQF\UDQJHRIWKHMLWWHU

    6HFRQGUHTXLUHPHQWGULYHVWKH3//EDQGZLGWKQDUURZHU/ DVUHFRYHUHG

    FORFNSKDVHWHQGVWRGULIWGXULQJSHULRGVRIQRWUDQVLWLRQV

    &XUUHQW&,'WHVWVHTXHQFHLQ*1

  • 8/12/2019 Sonet Sdh Jitter

    9/24

    -,77(575$16)(5+&RQW1,

    $GGLWLRQDOUHTXLUHPHQWWROLPLWMLWWHUDFFXPXODWLRQRYHUUHIHUHQFHFKDLQRIUHJHQHUDWRUV

    WKLVWHQGVWROLPLWWKH6 G%EDQGZLGWKDQGJDLQSHDNLQJ

    KDVEHHQVKRZQ+YLDERWKVLPXODWLRQDQGPHDVXUHPHQW> VHH/ IRUH[DPSOH/

    >5@0 >7@, WKDW/ ZLWKJDLQSHDNLQJ/ FDQHYHQWXDOO\JHWYHU\UDSLGMLWWHU

    DFFXPXODWLRQ

  • 8/12/2019 Sonet Sdh Jitter

    10/24

    -,77(575$16)(5+&RQW1,

    $ERYHJDYHULVHWRMLWWHUWUDQVIHUUHTXLUHPHQW FRQFHQWUDWHRQ7\SH$UHJHQHUDWRUVKHUH

    +OLQHUDWH,2+6 G%EDQGZLGWKRIFORFNUHFRYHU\FLUFXLW, !4583

    IRU43 *ELW2V+670097,/ I6G%?; 0+]

    *DLQSHDNLQJ?314 G%

    UROO0RII53 G%2GHFDGH

    $ERYHUHTXLUHPHQWZDVEDVHGRQERWKVLPXODWLRQDQGPHDVXUHPHQW

    0RUHUHFHQWO\/ PD\KDYHLPSOHPHQWDWLRQVZLWKLQLWLDOZLGH0EDQG3//

    +PHHWLQJDERYHUHTXLUHPHQW, WRUHFRYHUFORFN/ IROORZHGE\QDUURZHU

    EDQG3//WRWLPHRXWSXWGDWD WKLVLPSOLHVGDWDLVEXIIHUHG+FRQVLVWHQWZLWKSURFHVVLQJRIUHJHQHUDWRU

    VHFWLRQRYHUKHDG,

    UHGXFHVMLWWHUDFFXPXODWLRQ+EXWWKLVLVQRWDQ,7807/ $16,/ RU7HOFRUGLD*5

    UHTXLUHPHQW,

  • 8/12/2019 Sonet Sdh Jitter

    11/24

    -,77(572/(5$1&(

    ,QSXWMLWWHULVFRQVLGHUHGRQHRISRVVLEO\PDQ\LPSDLUPHQWVWKDWPD\

    LPSDFW%(5

    &KDUDFWHUL]HLWVHIIHFWRQHTXLSPHQWYLDDSRZHUSHQDOW\

    2ULJLQDOVWXGLHV+VHH/ IRUH[DPSOH/ >8@DQG>9@, ORRNHGDWSDUWLFXODUMLWWHU

    SURFHVVHVLQSXWWRHTXLSPHQW/ DQGFRQVLGHUHGWKHPDJQLWXGHRIMLWWHU

    WKDWFRUUHVSRQGVWRD4 G%RSWLFDOSRZHUSHQDOW\DWDVSHFLILF%(5 H[DPSOHGLVWULEXWLRQVZHUH*DXVVLDQDQGWUXQFDWHG*DXVVLDQ

    MLWWHUSURFHVVHVZHUHEURDGEDQG/ ZLWKWKHPDJQLWXGHFKDUDFWHUL]HGE\WKH

    UPV+VWDQGDUGGHYLDWLRQ, RIWKHSURFHVV+DUHDXQGHUWKH36',

    $OVRQRWHWKDWLWLVDOLJQPHQWMLWWHUWKDWJLYHVULVHWRPLV0GHFLVLRQVDQG

    ELWHUURUV

    $OLJQPHQWMLWWHULVGHILQHGDVWKHGLIIHUHQFHEHWZHHQWKHLQSXWSKDVHDQGWKH

    RXWSXWSKDVH> LWLVLQHVVHQFHWKHGLIIHUHQFHEHWZHHQWKHDFWXDODQGLGHDO

    VDPSOLQJWLPHVRIWKHGHFLVLRQFLUFXLW

  • 8/12/2019 Sonet Sdh Jitter

    12/24

    -,77(572/(5$1&(+&RQW1,

    7KHDOLJQPHQWMLWWHUSURFHVVLVUHODWHGWRWKHLQSXWMLWWHUE\DKLJK0SDVV

    WUDQVIHUIXQFWLRQ

    7KLVVKRZVZK\LWLVMLWWHUDQGQRWSKDVHWKDWJLYHVULVHWRVDPSOLQJ

    RIIVHWDQGPLV0GHFLVLRQV> ORZIUHTXHQF\SKDVHYDULDWLRQLVWUDFNHGE\WKHFORFNUHFRYHU\3//

    )RUEURDGEDQGLQSXWSKDVHQRLVH/ LWLVPDLQO\WKHSRUWLRQDERYHWKH3//

    FXWRIIIUHTXHQF\WKDWLQIOXHQFHV%(5DQGSRZHUSHQDOW\

    ( )

    IXQFWLRQQVIHUMLWWHUWUDWKHLV,+ZKHUH

    ,+,+4,+

    M+

    MHM+MH LQD =

  • 8/12/2019 Sonet Sdh Jitter

    13/24

    -,77(572/(5$1&(+&RQW1,

    ,5+4 MI+

    IG%I6

  • 8/12/2019 Sonet Sdh Jitter

    14/24

    -,77(572/(5$1&(+&RQW1,

    1RZ/ WKHSRZHUSHQDOWLHVDVGHILQHGDERYH+RUWKHMLWWHUDVVRFLDWHGZLWK

    DVSHFLILFSHQDOW\, DUHKHDYLO\GHSHQGHQWRQWKHGLVWULEXWLRQDQGRQ

    SDUDPHWHUVRIWKHPRGHO

    ,WZDVIRXQGWKDWWKHXVHRIVLQXVRLGDODOLJQPHQWMLWWHULVFRQVHUYDWLYH

    VLQXVRLGDODOLJQPHQWMLWWHURIDVSHFLILF+SHDN0WR0SHDN, PDJQLWXGHFDXVHVD

    PXFKODUJHUSRZHUSHQDOW\WKDQWUXQFDWHG*DXVVLDQDOLJQPHQW MLWWHURIWKHVDPHSHDN0WR0SHDNPDJQLWXGH

    7KHUHIRUH/ DVLQXVRLGDOMLWWHUWROHUDQFHPDVNZDVFUHDWHGIRU

    621(726'+HTXLSPHQW

    MLWWHUWROHUDQFHLVGHILQHGUHODWLYHWRWKH67001RU2&01RSWLFDOLQWHUIDFH+DV

    LQGLFDWHGHDUOLHU/ WKHUHDUHDOVR67001DQG2&01HOHFWULFDOLQWHUIDFHV/ EXWWKHVHDUHQRWUHOHYDQWIRUWKH670097 DQG2&04

  • 8/12/2019 Sonet Sdh Jitter

    15/24

    -,77(572/(5$1&(+&RQW1,

    7KHQWKHLQSXWSKDVHDQGDOLJQPHQWMLWWHUDUHUHODWHGE\

    ,IZHZLVKWRWROHUDWHDFHUWDLQSHDN0WR0SHDNDOLJQPHQWMLWWHUHDS0S/ WKHQ

    WKHSHDN0WR0SHDNLQSXW-303 MLWWHUWKDWPXVWEHWROHUDWHGLV+DOODW

    IUHTXHQF\IP,

    6LQFH++MZ, KDVDORZ0SDVVFKDUDFWHULVWLF/ 4 0 ++MZ, KDVDKLJK0SDVV

    SDVVFKDUDFWHULVWLF WKHQ/ IRUIL[HGHD

    303/ WKHMLWWHUWROHUDQFHPDVNGHFUHDVHVZLWKDVORSHRI53

    G%2GHFDGHXQWLOLWUHDFKHVHD303

    DWWKHFXWRIIIUHTXHQF\RI++MZ, / DQGLVWKHQ

    IODWZLWKDYDOXHRIHD303

    ( ) WI.MI+WH PPD 5VLQ5+4,+ =

    ,5+4 P

    33

    D33

    MI+

    H-

    =

  • 8/12/2019 Sonet Sdh Jitter

    16/24

    -,77(572/(5$1&(+&RQW1,

    ,QMLWWHUWROHUDQFHPDVN/ QHJOHFWWKHJDLQSHDNLQJ

    $OVR/ FKRRVHWKHEUHDNSRLQWWREHRQH0KDOIWKH3//6 G%EDQGZLGWK

    7 0+]IRU670097

    WKLVDOORZVIRUWKHIDFWWKDWWKHDFWXDOFORFNUHFRYHU\%:ZLOOEHVRPHZKDW

    OHVVWKDQWKH; 0+]PD[LPXP

    WKHQDUURZHVWDOORZHG%:LVRQH0KDOIWKHZLGHVWDOORZHG%: )LQDOO\/ WKHVLQXVRLGDODOLJQPHQWMLWWHUWKDWPXVWEHWROHUDWHGZDV

    FKRVHQDV3148 8,SS

    IRUH[SHFWHGSXOVHVKDSHV+WKHUHIHUHQFHVXVHGHLWKHUFRVLQHRUUDLVHG

    FRVLQH,/ WKLVUDQJHRIVLQXVRLGDODOLJQPHQWMLWWHUFRUUHVSRQGVWR4 G%RSWLFDO

    SRZHUSHQDOW\ZKLOHDOORZLQJIRUVRPHVWDWLFVDPSOLQJRIIVHW 5HVXOWLQJPDVNLVRQQH[WVOLGH

  • 8/12/2019 Sonet Sdh Jitter

    17/24

    -,77(572/(5$1&(+&RQW1,

    3148

    ,QSXWMLWWHUIUHTXHQF\++],7 0+]

    3HDN0WR0SHDN

    VLQXVRLGDO

    LQSXWMLWWHU

    DPSOLWXGH+8,,

    6LQXVRLGDO-LWWHU7ROHUDQFH0DVNIRU670097 +SRUWLRQWKDWVWUHVVHV

    FORFNUHFRYHU\3//,

    1RWH= WKHUHDUHRWKHUEUHDNSRLQWVDQGFRUUHVSRQGLQJOHYHOVDWORZHUIUHTXHQFLHV/ FRUUHVSRQGLQJ

    WRRWKHUHIIHFWVQRWGLVFXVVHGKHUH

  • 8/12/2019 Sonet Sdh Jitter

    18/24

    -,77(572/(5$1&(7(670(7+2'2/2*6@DQG>8@,> PRUHGHWDLOVRI

    SURFHGXUHLVRXWOLQHGLQ,78075HFRPPHQGDWLRQV214:4 DQG214:5

    +-LWWHUPHDVXULQJHTXLSPHQWIRU3'+DQG6'+/ UHVSHFWLYHO\,

    3VHXGRUDQGRPGDWDKDV5560 4 ZRUGOHQJWK

    :LWKWKHVHWXSRQWKHQH[W9*/ DQGZLWKQRLQSXWMLWWHU/ LQFUHDVHWKH

    QRLVHRUDWWHQXDWLRQ+RUVHWWKHSRZHU, VXFKWKDWDFRQYHQLHQW%(5LVPHDVXUHG+214:4 VXJJHVWV433 HUURUVSHUVHFRQG/ RU4H0; IRU43 *ELW2V

    UDWH,

    1RWHWKDWWKLVLVDKLJKHU%(5WKDQWKHUHIHUHQFH%(5IRUGHILQLQJUHFHLYHU

    VHQVLWLYLW\

    5HFRUGWKH615 ,QFUHDVHWKH2SWLFDOSRZHUE\4 G%+RSWLFDO, +WKH%(5ZLOOGHFUHDVH,

    6HWWKHMLWWHUIUHTXHQF\WRWKHGHVLUHGYDOXH+RQHRIWKHYDOXHVFRYHUHG

    E\WKHPDVN

    +&RQWLQXHGRQ9*DIWHUQH[W,

  • 8/12/2019 Sonet Sdh Jitter

    19/24

    -,77(572/(5$1&(7(670(7+2'2/2*6@DQG>8@

  • 8/12/2019 Sonet Sdh Jitter

    20/24

    -,77(572/(5$1&(7(670(7+2'2/2* WKLVLVRQHSRLQW

    RQWKHPHDVXUHGMLWWHUWROHUDQFH

    5HSHDWWKHDERYHIRUWKHUDQJHRIIUHTXHQFLHVFRYHUHGE\WKHPDVN1

    7KHUHVXOWLQJFXUYHVKRXOGEHEHORZWKHPDVNIRUWKHWHVWWREHSDVVHG

  • 8/12/2019 Sonet Sdh Jitter

    21/24

    -,77(5*(1(5$7,21

    -LWWHUJHQHUDWLRQZDVFKRVHQVXFKWKDWMLWWHUDFFXPXODWLRQRYHUD

    UHIHUHQFHFKDLQRIUHJHQHUDWRUVZRXOGQRWH[FHHG3148 8,SS

    9HULILHGE\VLPXODWLRQVWXGLHVDQGPHDVXUHPHQWV

    0HDVXUHMLWWHUJHQHUDWLRQDVSHDN0WR0SHDNRXWSXW+RYHUDPHDVXUHPHQW

    LQWHUYDO, ZKHQQRLQSXWMLWWHULVDSSOLHGWRSVHXGR0UDQGRPLQSXWGDWD

    RIWHQ/ 93 VLQWHUYDOLVXVHG FRXOGDOVRPHDVXUHUPVMLWWHURYHUWKHLQWHUYDO/ LIDSSURSULDWH

  • 8/12/2019 Sonet Sdh Jitter

    22/24

    -,77(5*(1(5$7,21+&RQW1,

    $WSUHVHQW/ WKHUHDUH5 VSHFV+RQHIRU621(7+2SWLRQ5 6'+,/ DQGRQH

    IRU2SWLRQ4 6'++VDPHDV(76,VSHF,,

    2SWLRQ4

    KLJKEDQGOLPLWLV314 8,SS/ PHDVXUHGIURP7 0+]WR;3 0+]

    ZLGH0EDQGOLPLWLV316 8,SS/ PHDVXUHGIURP53 N+]WR;3 0+]

    2SWLRQ5

    3134 8,UPVOLPLW+DQGDOVR314 8,SSLQ*50586,

    QRPHDVXUHPHQWILOWHUVSHFLILHGLQ*1:;6> 45 N+]KLJK0SDVVLQ741438136 +DQG;3

    0+]ORZ0SDVVDOVRLQ*50586,/ EXWWKHUHKDVEHHQVRPHGLVFXVVLRQWRDOLJQZLWK

    2SWLRQ4 DQGZLWKWKHQHWZRUNLQWHUIDFHPHDVXUHPHQWILOWHUVLQ*1;58

  • 8/12/2019 Sonet Sdh Jitter

    23/24

    1(7:25.,17(5)$&(-,77(5

    6SHFLI\SHDN0WR0SHDNMLWWHUDOORZHGDWDQHWZRUNLQWHUIDFH+67001RU

    2&01,

    PHDVXUHGRYHUDFRQYHQLHQWLQWHUYDO

    ERWKKLJK0EDQGDQGZLGH0EDQGOLPLWV

    )RU 670097

    OLPLWWR3148 8,SSZKHQPHDVXUHGIURP7 0+]WR;3 0+] OLPLWWR418 8,SSZKHQPHDVXUHGIURP53 N+]WR;3 0+]

    $VEHIRUH/ KLJK0SDVVILOWHULVILUVW0RUGHU> ORZSDVVILOWHULV6UGRUGHU/

    EXWWHUZRUWK

    1RWHWKDWWKHKLJK0EDQGOLPLWDPSOLWXGHDQGEUHDNSRLQWDUHFRQVLVWHQW

    ZLWKWKHMLWWHUWROHUDQFHPDVN

  • 8/12/2019 Sonet Sdh Jitter

    24/24

    5()(5(1&(6

    >4@7LP$UPVWURQJ/ 5LFKDUG.XV\N/ 74;4182