Page 271 - Big Data Analytics for Connected Vehicles and Smart Cities

252 Big Data Analytics for Connected Vehicles and Smart Cities Benefit and Cost Estimation For Smart City Transportation Services 253

Table 11.16
Urban Automation Cost Estimate
Urban Automation
Urban
Delivery Rental car
Urban Truck and taxi Bus in- Private car
Automation In-vehicle in-vehicle vehicle in-vehicle
Element Central System system system system Totals
Scale factor $15 $1,000 $1,000 $1,000 $1,000
(capital per unit)
Units 903,649 80,799 14,321 539 807,990 903,649
Total capital $13,554,735 $80,799,000 $14,321,028 $539,000 $807,990,000 $917,203,764
investment
required
Annual $2,033,210 $12,119,850 $2,148,154 $80,850 $121,198,500 $137,580,565
operating costs
Assumed design 7 7 7 8 7
life in years
Annual capital $1,936,391 $11,542,714 $2,045,861 $67,375 $115,427,143 $131,019,484
investment
required
Annual life-cycle $3,969,601 $23,662,564 $4,194,015 $148,225 $236,625,643 $268,600,049
cost

Table 11.17
Urban Delivery and Logistics Cost Estimate
Urban Delivery And Logistics
Urban Delivery Urban Delivery
And Logistics Truck In-
Element Central vehicle System Total
Scale factor (capital per unit) $150 $500
Units 80,799 80,799
Total capital investment required $12,119,850 $40,399,500
Annual operating costs $1,817,978 $6,059,925
Assumed design life in years 7 7
Annual capital investment required $1,731,407 $5,771,357
Annual life-cycle cost $3,549,385 $11,831,282 $15,380,667

citizens and visitors using the system. A scale factor of five dollars per person or
smart phone has been assumed. The connected citizen and visitor application
is assumed to cost $10 USD per smart phone or person to develop, market,
and install. A design life of seven years is assumed for the central hardware and