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.
Highlights
“Smart cities” is a topic the key importance of which is increasingly being recognized across both academic disciplines and urban planning
The smart city concept has developed; it is a frequently emphasized term that we would like to use to refer to the use of highly sophisticated analytical methods, approaches, communication methods and techniques for proposing aims, approaches and plans involving the whole field of transfer of smart solutions into tangible and intangible innovations in a particular locality
“smart city” represents the concept of a developed city on the basis of its sustainable economic development, and on the basis of its quality of life underpinned by effective usability of human and social capital as well as modern information and communication technologies [3]
Summary
“Smart cities” is a topic the key importance of which is increasingly being recognized across both academic disciplines and urban planning. A smart city is a city that takes particular care of the quality of life of its inhabitants, and where citizens are actively involved in public affairs [5] In this context, we deal with territorial implementation of individual smart solutions that represent an innovative and working approach to developing solutions for various situations in an appropriate and socially positive way [6,7]. The article focuses on the theoretical description of the CBA method as well, which serves as an overview of practical CBA applications using good practice examples The synthesis of both theoretical and practical CBA problems is used to develop CBA solutions and a universally applicable design as a primary tool for assessing the efficiency of proposed smart solutions. The real employment of this methodical framework is verified as a part of an experiment involving the projects’ activities from CZ.02.1.01/0.0/0.0/17_049/0008452 “SMART Technologies to Improve the Quality of Life in Cities and Regions”
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