Page 256 - Big Data Analytics for Connected Vehicles and Smart Cities

236 Big Data Analytics for Connected Vehicles and Smart Cities Benefit and Cost Estimation For Smart City Transportation Services 237

• Services to be delivered;
• Financing and funding arrangements.

A business model should also illustrate the balance between who pays
for the delivery of the service and who benefits from any return revenue or
profit. Typically, the business model will also form the basis for partnering ar-
rangements that define who does what and under what terms and conditions.
Business models and partnering arrangements do not deliver direct value but
are essential to the optimization of service delivery in a smart city through the
incorporation and convergence of both public- and private-sector resources and
motivation.

• Transportation governance: To support the effective delivery of transpor-
tation services in a smart city, it is necessary to define a government
structure that will support the effective planning and operation of the
services. The concept of operations can be defined that identifies roles
and responsibilities for the various transportation partners involved in
the smart city. Here again, this service delivers no direct value, but plays
an essential role in optimizing the delivery of transportation services in
a smart city
• Urban analytics: This is a major subject of the book. Although these
measures do not deliver direct value, they act as major enablers in the
decision-making process for planning and operations of smart city trans-
portation services. Effective analytics will shape the performance of the
smart city from a transportation service perspective in terms of service
delivery and efficiency of the overall transportation management and
government structure.

Each of the above enabling services will be subject to separate treatment
with respect to cost and benefit analysis. It is assumed that each of the services
deliver no independent benefits and that the benefits lie in the enablement of
the other services. The cost of each service will be derived as a proportion of
the cost of delivering the direct benefit services or as a proportion of our overall
project scale factor.

11.7 Assumed Configurations for Cost Estimation Purposes

For the 11 direct-benefit services a series of assumed configurations was defined
to identify elements of the system that would support the delivery of the ser-
vice. These are described in the following section.