Page 272 - 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 11.18
User-Focused Mobility Cost Estimate
User-Focused Mobility
Public Private
User Mobility Mobility
Focused Service Service
Mobility User Provider Provider
Element Central Subsystem Subsystem Subsystem Totals
Scale factor $50 $10 $50 $50
(capital per unit)
Units 1,000,000 1,000,000 1,000,000 1,000,000
Total capital $50,000,000 $10,000,000 $50,000,000 $50,000,000 $160,000,000
investment
required
Annual operating $7,500,000 $1,500,000 $7,500,000 $7,500,000 $24,000,000
costs
Assumed design 7 1 7 7
life in years
Annual capital $7,142,857 $10,000,000 $7,142,857 $7,142,857 $31,428,571
investment
required
Annual life-cycle $14,642,857 $11,500,000 $14,642,857 $14,642,857 $55,428,571
cost

Table 11.19
Intelligent Sensor–Based Infrastructure Cost Estimate

Intelligent Sensor–Based Infrastructure
Element Sensors Total
Scale factor (capital per unit) $20,000
Units 5,900
Total capital investment required $118,000,000 $118,000,000
Annual operating costs $17,700,000 $17,700,000
Assumed design life in years 7
Annual capital investment required $16,857,143 $16,857,143
Annual life-cycle cost $34,557,143 $34,557,143

software, while a design life of one year is assumed for the connected citizen and
visitor application. This reflects the disposable nature of smart phone apps and
the pace of change regarding the small software applications.
For the integrated payment system, the cost of parking, a smart phone
payment application, toll collection, and transit ticketing have been defined
separately and then combined into a single integrated payment system cost. For
the electronic parking subsystem, it is assumed that the central hardware and