Capacity Planning for Social Infrastructure of Smart Lifetime Neighbourhoods: Social value Approach

Abstract

Municipalities are responsible for organizing and financing long-term–care services. These expenditures will triple in the next 40 years (to 9.5% of the GDP of Norway). This study seeks to investigate the exposure to different risks presented by the built environments of current neighbourhoods and the valuation of the benefits attained through the development of lifetime neighbourhoods. Ambient assisted living technologies embedded in lifetime neighbourhoods can significantly decrease the risk of falls and other accidents. Digital social networks and other support to the community can facilitate inclusion and mitigate loneliness. The spatial planning, development, and management of lifetime neighbourhoods with embedded ambient intelligence as a risk mitigation strategy in fast ageing cities are of specific interest. We wish to evaluate how the development of lifetime neighbourhoods mitigates the risk of accidents and social exclusion, thereby creating value for the community. The creation of value by the mitigation of the risk of falls, diseases, and social exclusion will be measured with the actuarial present value generated using the multiple decrement model approach, which is a novelty. The actuarial present value will provide scientific evidence of the benefits of the development and management of various lifetime neighbourhoods and housing arrangements.