Naslov
On the Profitability of the Smart Parking Lots

Autori
Babić, Jurica ; Carvalho, Arthur ; Ketter, Wolfgang ; Podobnik, Vedran

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Proceedings of the 2015 Winter Conference on Business Intelligence (WCBI 2015) / - , 2015

Skup
2015 Winter Conference on Business Intelligence (WCBI)

Mjesto i datum
Snowbird, Utah, SAD, 12.03.2015. - 14.03.2015

Vrsta sudjelovanja
Poster

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
smart parking lot ; electric vehicle ; energy informatics ; simulation-based approach

Sažetak
The ever-increasing number of electric vehicles (EV) on the road promotes the idea of sustainable transportation by reducing CO2 emissions. This inherently means there is a growing need for charging stations as well. A potential solution to address the need for charging stations is to transform traditional parking lots into smart parking lots, in a sense that smart parking lots provide not only parking services, but also the possibility for EV owners to charge and discharge their cars for a price. Due to the inherently complex and dynamic environment, a potential obstacle, from a business perspective, to the process of transforming parking lots into smart parking lots is the complexity of estimating the profit of the smart parking lot's owner and, consequently, the length of time required to recover the cost of the initial investment. We propose a simulation-based approach to estimate the smart parking lot owner’s profit during a certain period of time. Coupled with the real- life data from existing parking lots and charging stations, our simulation-based approach shows that the average monthly profit due to electricity brokerage activities is $2, 208.92 and, consequently, the payback period for transforming traditional parking lots to smart parking lots with chargers is about 10 months. The strength of our simulation model lies in the possibility for analysing a variety of different investment strategies. Using a set of the most relevant "what-if" scenarios, we discuss the potential impact of smart parking lots to energy business.

Izvorni jezik
Engleski

Znanstvena područja
Elektrotehnika, Računarstvo, Ekonomija

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