Value Engineering in a city environment
Information and communication technology is widely used in cities to optimize old services and to create new ones. Many services are run by private or public companies that are foremost interested in making profit. The companies don’t want to share the data that these services generate, unless there is a clear economic, or policy based motive. Because of a limited view of the city, each of these companies has, it is not easy to find that economic motive. Yet cooperation between companies could open up new opportunities.
A value proposition can include values that cannot be easily translated to money, like carbon footprint. These values are however important to citizens and companies alike. Therefore they should be quantifiable and usable for comparison.
A city level decision support tool that solves the aforementioned problems, would simplify value creation. It would give assurance to companies to make investments and to start projects together to raise the quality of life in a city.
This project investigates value creation in a city environment. The aim of the project is to come up with methodology and a tool to evaluate value propositions, and find a set of propositions that are suitable for Stockholm Royal Seaport. The project uses enterprise architecture modeling, value engineering, utility, and probabilistic analysis with Enterprise Architecture Analysis Tool.
The project is a collaboration project between KTH and a consortium of companies.