The Cost Benefit Analysis for the Concept of a Smart City: How to Measure the Efficiency of Smart Solutions?

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F20%3AA0000147" target="_blank" >RIV/47813059:19520/20:A0000147 - isvavai.cz</a>

Result on the web

<a href="https://www.mdpi.com/2071-1050/12/7/2663" target="_blank" >https://www.mdpi.com/2071-1050/12/7/2663</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/su12072663" target="_blank" >10.3390/su12072663</a>

Result language

angličtina

Original language name

The Cost Benefit Analysis for the Concept of a Smart City: How to Measure the Efficiency of Smart Solutions?

Original language description

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.

Czech name

—

Czech description

—

Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Sustainability (Switzerland)

ISSN

2071-1050

e-ISSN

2071-1050

Volume of the periodical

12

Issue of the periodical within the volume

7

Country of publishing house

CH - SWITZERLAND

Number of pages

21

Pages from-to

1-21

UT code for WoS article

000531558100088

EID of the result in the Scopus database

—