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Machine Learning to Forecast the Success of Infrastructure Projects Worldwide
Cybernetics and Systems ( IF 1.7 ) Pub Date : 2020-07-28
Álvaro Herrero, Secil Bayraktar, Alfredo Jiménez

Governments are increasingly relying on private participation projects and foreign ownership to access technology and capital in infrastructure projects. As a result, the ubiquity of these projects in all regions of the world is a reality that has caught the attention of both managers and scholars. Predicting the final status (success/failure) of these projects in advance is a key element to be taken into account when deciding about participation. To support this kind of decision, the present paper proposes a multidimensional study where a set of heterogeneous classifiers have been applied to forecast the final success of private participation projects. They are applied to a real-life dataset, comprising information from the World Bank about projects all over the world and within four sectors (Energy, Telecommunication, Transport, and Water Sewerage). Classification results are compared under the scope of the sector and host region of the projects. Results show that the predictability of the success of private participation projects depends on the specific industry and region on which the project operates, with projects in the Telecommunication sector and Sub-Saharan Africa exhibiting the highest rates.



中文翻译:

机器学习可预测全球基础设施项目的成功

政府越来越依赖私人参与项目和外国所有权来获取基础设施项目中的技术和资本。结果,这些项目在世界所有地区的普遍性已成为引起管理者和学者关注的现实。提前预测这些项目的最终状态(成功/失败)是决定参与程度时要考虑的关键因素。为了支持这种决策,本文提出了一个多维研究,其中一组异类分类器已被用于预测私人参与项目的最终成功。它们被应用于现实生活的数据集,其中包括世界银行有关世界各地以及四个部门(能源,电信,交通,和污水处理)。分类结果将在项目所在部门和所在地区的范围内进行比较。结果表明,私人参与项目成功与否的可预测性取决于该项目运营所在的特定行业和地区,其中电信行业和撒哈拉以南非洲地区的项目展示率最高。

更新日期:2020-07-28
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