Page 283 - Big Data Analytics for Connected Vehicles and Smart Cities

264 Big Data Analytics for Connected Vehicles and Smart Cities Benefit and Cost Estimation For Smart City Transportation Services 265

Table 11.32
Traveler Information Benefit Estimate
Traveler Information Efficiency Benefit
Time spent traveling per person per day in hours 1.325
Time spent traveling per person per year 344.5
Total time spent traveling per year 344,500,000
Average value of travel time savings 12.5
Total cost of time spent traveling per year $4,306,250,000
Assumed reduction 2%
Annual benefits $86,125,000

Table 11.33
Urban Automation Benefit Estimate
Urban Automation
Safety Benefit Efficiency 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 emissions $91,606,284
private car
Injuries 7,520 Total cost of emissions, $28,968,056
urban truck
Average cost of $1,400,000 Cost of operation per $0.580
fatality mile, private car
Average cost of $1,000,000 Cost of operation per $0.708
injury accident mile, urban truck
Cost of fatalities $149,660,000 Total cost of operation, $4,830,149,520
private car
Cost of injuries $7,520,000,000 Total cost of operation $788,822,448
urban truck
Total cost of $7,669,660,000 Total cost of operation $5,739,546,308
accidents and emissions
Assumed reduction 45% Assumed reduction 10%
Annual benefits $3,451,347,000 Annual benefits $573,954,631 $4,025,301,631

was determined by assuming an average operating cost of $0.14 USD per mile
[17] for an electric vehicle compared with $0.58 USD per mile for an internal
combustion part vehicle. It is assumed that this cost reduction applies to both
private cars and urban trucks.
The smart land-use service is assumed to produce efficiency benefits re-
lated to the cost of emissions and cost of operations for private cars and urban