Page 273 - Big Data Analytics for Connected Vehicles and Smart Cities

254 Big Data Analytics for Connected Vehicles and Smart Cities Benefit and Cost Estimation For Smart City Transportation Services 255

Table 11.20
Low-Cost Efficient, Secure, and Resilient ICT Cost Estimate
Low-Cost Efficient, Secure, And Resilient ICT
Communications
Element Infrastructure Total
Scale factor (capital per unit) $50,000
Units 5,900
Total capital investment required $295,000,000 $295,000,000
Annual operating costs $44,250,000 $44,250,000
Assumed design life in years 20
Annual capital investment required $14,750,000 $14,750,000
Annual life-cycle cost $59,000,000 $59,000,000

Table 11.21
Smart City Transportation Service Direct Benefit Cost Summary
Annual Life-Cycle
Smart City Transportation Service Cost Summary Cost
Asset and maintenance management $5,183,571
Connected vehicle $145,547,227
Connected, involved citizens $12,964,286
Integrated electronic payment $36,332,842
Smart grid, roadway electrification and electric vehicle $144,597,981
Smart land use $14,360,686
Transportation management $13,913,643
Traveler information $16,314,286
Urban automation $268,600,049
Urban delivery and logistics $15,380,667
User-focused mobility $55,428,571
Direct benefit services total $728,623,810
Cost contingency of 10% $72,862,381
Direct benefit services total with contingency of 10% $801,486,191

software will cost approximately $100 USD per parking space. For the smart
phone payment application, it is assumed that the cost of software develop-
ment, marketing and installation will be on the order of $5 USD per person.
For the electronic toll collection subsystem, a scale factor of $50 USD per ve-
hicle has been assumed and for electronic transit ticketing and scale factor of
$50,000 USD per bus has been assumed. Central hardware and software is
assumed to have a design life of seven years, while the smart phone application
software is assumed to have a design life of one year.
For the smart grid, roadway electrification, and electric vehicle system,
the central, roadside, and in-vehicle subsystem have been costed separately and