Cost-benefit analysis of smart cities technologies and applications
University of Delaware
The urban population of the world has grown rapidly from 746 million in 1950 to 3.9 billion in 2014. Today, 54% of the world’s population lives in urban areas, a proportion that is expected to increase to 66% by 2050. Therefore, the urban sustainable development remains to be one of the most significant goals. And city decision makers and stakeholders consider this growth as an opportunity to build smart cities. ☐ Smart Cities are urban areas that utilize Information and Communication Technologies (ICT) with other advanced innovations to achieve sustainable development. Those technological implementations aim to provide urban residents with a higher quality of life, including a safer society, less pollution, more convenient connections, and more efficient services. Besides, partially as the result of consumer pressure, proposals for large-scale government projects are increasingly enduring the scrutiny of cost-benefit analysis. ☐ This thesis studies the cost-benefit analysis of advanced technologies and transportation applications related to Smart Cities. ☐ It defines variables related to Smart Cities and gives specific methods for each variable of advanced technologies. Furthermore, the study summarizes the means to monetize and quantify each variable according to various reports and research analysis. It establishes the evaluation model. That being said, the thesis sets up a cost-benefit analysis model for projects of transportation in Smart Cities. ☐ Since Smart Cities and their related technologies are constantly advancing, this study can also be useful for the evaluation, management and decision making in the future.
Applied sciences, Social sciences, Cost-benefit analysis, Life-cycle assessment, Monetary methods, Smart cities