| Title | The Cost Benefit Analysis for the Concept of a Smart City: How to Measure the Efficiency of Smart Solutions? |
|---|---|
| ID_Doc | 36158 |
| Authors | Turecková, K; Nevima, J |
| Title | The Cost Benefit Analysis for the Concept of a Smart City: How to Measure the Efficiency of Smart Solutions? |
| Year | 2020 |
| Published | Sustainability, 12, 7 |
| Abstract | This paper is dedicated, both theoretically and conceptually, to a methodical approach towards the efficiency evaluation of proposed smart city solutions. The implementation of smart solutions in proposed projects and activities is supported by a complex assessment of benefits and costs as part of a cost benefit analysis (CBA) with the goal of maximizing the efficiency of such a solution, especially in the case of public activities for which it is typical to lack a market evaluation. A smart solution can be defined as an innovative and functional approach towards solving situations in a responsible way and with positive consequences for society. These smart solutions represent the core of the smart city concept, which together with the smart region concept presents a new economic domain where new markets or market segments offering innovative and intelligent (tangible and intangible) solutions for said cities and regions can be developed. CBA and feasibility analyses represent suitable tools for evaluation of socially and economically acceptable projects and their implementation in real life. The efficiency of these solutions is then proved by benefit and cost comparisons under the condition that these outcomes are acceptable for all stakeholders. Methodically, the paper is structured inductively. The detailed literature review provides the basis for a formulation of general principles of using a CBA for innovative smart city solution efficiency evaluations based on chosen cases, for example, from the Moravia Silesian region. Due to the originality of each submitted project, it is possible to use this proposed methodical approach of CBA applications as a primary analytical frame and it is necessary to add the specific attributes of each solution that is being evaluated. |
Similar Articles
| ID | Score | Article |
|---|---|---|
39411
|
Ionescu, RV; Zlati, ML; Antohi, VM Smart cities from low cost to expensive solutions under an optimal analysis(2023)Financial Innovation, 9, 1 | |
| 45512
|
Popova, Y Economic or financial substantiation for smart city solutions: a literature study(2020)Economic Annals-Xxi, 183, 5-6 | |
| 45255
|
Srok, A; Antonic, JJ; Borkovic, M Being an Efficient Smart City in Croatia: The View of Citizens(2022)Lex Localis-Journal Of Local Self-Government, 20, 4 | |
| 36957
|
Zavedeev, EV; Sergeeva, IV; Fedorov, DA; Voronina, EV; Milchakova, NN Key Success Factors Of Smart City Projects: Methods And Algorithms For Perfomance Evalution(2020) | |
| 45195
|
Wipraechtiger, L; Peter, MK The Smart City: Analysis of Application Areas and Their Potential in an International Context(2021) | |
| 39244
|
Banach, M; Dlugosz, R A novel approach to cities? assessment in terms of their implementation of smart city idea(2023) | |
| 38417
|
Gorodnova, NV; Shablova, EG; Klevtsov, VV; Zamlelyi, AI; Peshkova, AA Analysis of The Factors Affecting the Efficiency of The Smart City Concept Project Management System(2019) | |
| 36685
|
Peric, K; Simic, Z; Juric, Z Characterization of Uncertainties in Smart City Planning: A Case Study of the Smart Metering Deployment(2022)Energies, 15, 6 | |
| 43845
|
Masera, M; Bompard, EF; Profumo, F; Hadjsaid, N Smart (Electricity) Grids for Smart Cities: Assessing Roles and Societal Impacts(2018)Proceedings Of The Ieee, 106, 4 | |
| 45284
|
Bondarenko, NG; Oleynik, A; Biryukov, VA; Tarando, EE; Malinina, TB Smart City: Integration Of Information And Communication Technologies(2020) |