Page 270 - Big Data Analytics for Connected Vehicles and Smart Cities

250 Big Data Analytics for Connected Vehicles and Smart Cities Benefit and Cost Estimation For Smart City Transportation Services 251

Table 11.14
Transportation Management Cost Estimate
Transportation Management
Smart City Traffic Transit
Transportation Management Traffic Signal Management
Element Central Central Central Central Totals
Scale factor $10,000 $200,000 $10,000 $20,000
(capital per
unit)
Units 1,538 51 1,115 539
Total capital $15,380,000 $10,200,000 $11,150,000 $10,780,000 $47,510,000
investment
required
Annual $2,307,000 $1,530,000 $1,672,500 $1,617,000 $7,126,500
operating costs
Assumed 7 7 7 7
design life in
years
Annual capital $2,197,143 $1,457,143 $1,592,857 $1,540,000 $6,787,143
investment
required
Annual life- $4,504,143 $2,987,143 $3,265,357 $3,157,000 $13,913,643
cycle cost

Table 11.15
Traveler Information Cost Estimate
Traveler Information
Traveler Smart Movement
Information Phone Apps Analytics
Element Central Subsystem Subsystem Totals
Scale factor (capital per unit) $40 $2 $2
Units 1,000,000 1,000,000 1,000,000
Total capital investment $40,000,000 $2,000,000 $2,000,000 $44,000,000
required
Annual operating costs $6,000,000 $300,000 $300,000 $6,600,000
Assumed design life in years 7 1 1
Annual capital investment $5,714,286 $2,000,000 $2,000,000 $9,714,286
required
Annual life-cycle cost $11,714,286 $2,300,000 $2,300,000 $16,314,286

sign life of seven years has been assumed for all elements. The number of urban
delivery vehicles is assumed to be 10% of the total number of private cars.
For the connected, involved citizens and visitors system, it is assumed that
the cost of the central hardware and software is proportional to the number of