Page 274 - 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 11.22
Transportation Governance Cost Estimate
Transportation Governance
Support and Administration of
Transportation Governance as a
Element Proportion of Annual Life-Cycle Cost Total
Scale factor (capital per unit) 1%
Annual life-cycle operating costs $801,486,191 $801,486,191
Total capital investment required $8,014,861.91 $8,014,862
Annual operating costs $1,202,229 $1,202,229
Assumed design life in years 7
Annual capital investment required $1,144,980 $1,144,980
Annual life-cycle cost $2,347,210 $2,347,210

Table 11.23
Urban Analytics Cost Estimate
Urban Analytics
Establishing Data Platform
Element and Conducting Analytics Total
Total cost of ownership per $12,000
terabyte per year
Terabytes per year 365
Assumed design life in years 7
Annual life-cycle cost $4,380,000 $4,380,000

then combined into a single cost estimate. The design life of all elements is as-
sumed to be seven years. The total number of electric vehicle charging points
has been estimated to be 381. This is based on the current density of gas sta-
tions per capita in the United States, proportioned to the population of the
smart city. A figure of $10,000 USD per electric vehicle charging point has
been allocated to establish the cost of the hardware and software for the smart
grid management central subsystem, and it has been assumed that each roadside
EV charging point will cost $100,000 USD. The in-vehicle subsystem has been
assumed to cost $500 USD in addition to the cost of the vehicle.
It is assumed that the smart land-use system will consist of a central hard-
ware and software platform, linked to separate movement analytics, smart fac-
tory, smart education, and smart healthcare subsystems. These subsystems will
provide data to the smart land-use central subsystem, and the additional cost of
doing so is incorporated as part of the cost. It is likely that the cost of the smart
factory, smart education and smart healthcare systems will exceed the assump-
tions here as the functionality and capability of these systems will be designed