کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
250322 502662 2007 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Alternative approach to credit scoring by DEA: Evaluating borrowers with respect to PFI projects
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی های تجدید پذیر، توسعه پایدار و محیط زیست
پیش نمایش صفحه اول مقاله
Alternative approach to credit scoring by DEA: Evaluating borrowers with respect to PFI projects
چکیده انگلیسی

Private finance initiative (PFI), as a form of public/private partnership (PPP), helps to contract the private sector to governmental projects. In contrast to traditional public financed projects, PFI projects are procured by allowing a private sector entity to take the responsibility to design, build, finance, and operate (DBFO) an asset for a contract period of up to several decades. Moreover, banks are perceived to take the leading role in financing PFI projects. Since project financing involves credit assessment of loan applicants, banks have employed popular credit scoring models to assess their creditworthiness. Although the existing models are useful for credit scoring, new models have to emerge in response to ever-changing business practices. This paper therefore aims at introducing the application of data envelopment analysis (DEA) as an alternative credit-scoring model. Unlike traditional credit-scoring building on a formula where weights to a set of criteria are assigned subjectively, DEA will automatically generate the relative weights for analysis. However, incorporating DEA demands additional considerations, which are discussed in this paper. Finally, examples are demonstrated for illustrating this alterative approach to credit scoring by DEA.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Building and Environment - Volume 42, Issue 4, April 2007, Pages 1752–1760
نویسندگان
, , ,