Business Models Used in Smart Cities—Theoretical Approach with Examples of Smart Cities

Autor: Radosław Wolniak, Bożena Gajdzik, Michaline Grebski, Roman Danel, Wiesław Wes Grebski
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Smart Cities, Vol 7, Iss 4, Pp 1626-1669 (2024)
Druh dokumentu: article
ISSN: 2624-6511
DOI: 10.3390/smartcities7040065
Popis: This paper examines business model implementations in three leading European smart cities: London, Amsterdam, and Berlin. Through a systematic literature review and comparative analysis, the study identifies and analyzes various business models employed in these urban contexts. The findings reveal a diverse array of models, including public–private partnerships, build–operate–transfer arrangements, performance-based contracts, community-centric models, innovation hubs, revenue-sharing models, outcome-based financing, and asset monetization strategies. Each city leverages a unique combination of these models to address its specific urban challenges and priorities. The study highlights the role of PPPs in large-scale infrastructure projects, BOT arrangements in transportation solutions, and performance-based contracts in driving efficiency and accountability. It also explores the benefits of community-centric models, innovation hubs, revenue-sharing models, outcome-based financing, and asset monetization strategies in enhancing the sustainability, efficiency, and livability of smart cities. The paper offers valuable insights for policymakers, urban planners, and researchers seeking to advance smart city development worldwide.
Databáze: Directory of Open Access Journals