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248 Big Data Analytics for Connected Vehicles and Smart Cities Benefit and Cost Estimation For Smart City Transportation Services 249

Table 11.8
Asset and Maintenance Management Cost Estimate
Asset and Maintenance Management
Asset Sensor Manual
Management Based Data data input
Element Central Subsystem subsystem Totals
Scale factor (capital per unit) $2,000 $500 $500
Units 5,900 5,900 5,900
Total capital investment required $11,800,000 $2,950,000 $2,950,000 $17,700,000
Annual operating costs $1,770,000 $442,500 $442,500 $2,655,000
Assumed design life in years 7 7 7
Annual capital investment required $1,685,714 $421,429 $421,429 $2,528,571
Annual life cycle cost $3,455,714 $863,929 $863,929 $5,183,571

Table 11.9
Connected Vehicle Cost Estimate
Connected Vehicle
Urban
Delivery Rental Car
Connected Private Car Truck Bus In- And Taxi Annual
Vehicle In-Vehicle In-Vehicle Vehicle In-Vehicle Lifecycle
Element Central Subsystem Subsystem Subsystem Subsystem Cost Costs
Scale factor $50 $500 $500 $500 $500
(capital per unit)
Units 903,649 807,990 80,799 539 14,321 903,649
Total capital $45,182,451 $403,995,000 $40,399,500 $269,500 $7,160,514 $497,006,966
investment
required
Annual operating $6,777,368 $60,599,250 $6,059,925 $40,425 $1,074,077 $99,401,393
costs
Assumed design 7 7 7 8 7
life in years
Annual capital $6,454,636 $57,713,571 $5,771,357 $33,688 $1,022,931 $70,996,183
investment
required
Totals $13,232,004 $118,312,821 $11,831,282 $74,113 $2,097,008 $145,547,227

capital by the assumed design life of the system. This represents the total capital
investment requirement amortized over the design life of the system. Similarly,
operating costs have been determined on an annual basis, then both capital life-
cycle costs and operating costs are combined to create a total annual life-cycle
cost. Annual life-cycle operating costs are assumed to be 15% of total capital
costs per year. This assumption has been used for all subsequent cost calcula-
tions in this chapter. This aligns with published information [20] that indicates