Page 268 - Big Data Analytics for Connected Vehicles and Smart Cities

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

Table 11.10
Connected, Involved Citizens and Visitors Cost Estimate
Connected, Involved Citizens
Connected Connected Annual
Element Citizen Central Citizen App Lifecycle Cost
Scale factor (capital per unit) $5 $10 —
Units 1,000,000 1,000,000 —
Total capital investment required $5,000,000 $10,000,000 $15,000,000
Annual operating costs $750,000 $1,500,000 $2,250,000
Assumed design life in years 7 1 —
Annual capital investment required $714,286 $10,000,000 $10,714,286
Total life-cycle costs $1,464,286 $11,500,000 $12,964,286

Table 11.11
Integrated Electronic Payment Cost Estimate
Integrated Electronic Payment
Electronic Electronic Electronic
Parking Fee Toll Ticketing
Collection Collection Collection
Element Subsystem Payment App Subsystem Subsystem Totals
Scale factor $100 $5 $50 $50,000
(capital per unit)
Units 323,237 1,000,000 903,110 539 903,649
Total capital $32,323,715 $5,000,000 $45,155,501 $26,950,000 $109,429,217
investment
required
Annual operating $4,848,557 $750,000 $6,773,325 $4,042,500 $16,414,382
costs
Assumed design 7 1 7 7
life in years
Annual capital $4,617,674 $5,000,000 $6,450,786 $3,850,000 $19,918,460
investment
required
Annual life-cycle $9,466,231 $5,750,000 $13,224,111 $7,892,500 $36,332,842
cost

that the average annual operating and maintenance cost for a transportation
management center is on the order of 15 % of capital cost.
For the connected vehicle central subsystem, a best estimate of $10 USD
per unit has been estimated as a scale factor for the cost of the hardware and
software. For the private car in-vehicle subsystem, it is assumed that this will
add $500 USD to the cost of in-vehicle electronics. This same best estimate is
used for urban delivery truck, rental car, and taxi in-vehicle subsystems. A de-