Page 279 - Big Data Analytics for Connected Vehicles and Smart Cities

260 Big Data Analytics for Connected Vehicles and Smart Cities Benefit and Cost Estimation For Smart City Transportation Services 261

Table 11.25
Asset and Maintenance Management Benefit Estimate
Asset and Maintenance Management
Efficiency Benefit Total
Annual life-cycle cost $5,183,571 $5,183,571
Assumed reduction 10%
Annual life-cycle savings $518,357 $518,357

Table 11.26
Connected Vehicle Benefit Estimate
Connected Efficiency
Vehicle Safety Benefit Connected Vehicle benefit Total
Fatalities per 10.69 Cost of emissions per $0.011
100,000 population vehicle mile traveled
per year private car
Injured persons per 752 Cost of emissions per $0.026
100,000 population vehicle mile traveled
per year urban truck
Fatalities 107 Total cost of $91,606,284
emissions private car
Injuries 7,520 Total cost of $28,968,056.00
emissions urban truck
Average cost of $1,400,000 Operating cost per $0.580
fatality mile private car
Average cost of $1,000,000 Operating costs per $0.708
injury accident mile urban truck
Cost of fatalities $149,660,000 Total Operating cost $4,830,149,520
of Private car
Cost of injuries $7,520,000,000 Total operating cost $788,822,448
of urban truck
Total cost of $7,669,660,000 Total cost of $5,739,546,308
accidents operation and
emissions
Assumed reduction 5% Assumed reduction 5%
Totals $383,483,000 $286,977,315 $670,460,315

city transportation service. A commentary on the calculation is described after
each table.
The benefits for the asset and maintenance management service are de-
rived on an assumption that the use of the service will result in a 10% cost re-
duction for asset and maintenance management life-cycle costs. This generates
annual life-cycle savings of $518,443 USD.
For the connected vehicle service, annual benefits are assumed to be de-
rived from two sources, a reduction in the cost of fatal and injury accidents and