The Novel Paradigm of Economics Driven for Local Smart Sustain Cities Modeling Using Exploratory Factor Analysis and Planning Technique Using Fuzzy Evaluation Decision Making

Mode Vasuaninchita, Varin Vongmanee and Wanchai Rattanawong
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Mode Vasuaninchita: Graduate School, University of the Thai Chamber of Commerce Graduate School, 126/1 Vibhavadi Rangsit Road, Din Daeng, Bangkok 10400, Thailand
Varin Vongmanee: School of Engineering, University of the Thai Chamber of Commerce, Bangkok 10400, Thailand
Wanchai Rattanawong: School of Engineering, University of the Thai Chamber of Commerce, Bangkok 10400, Thailand

Sustainability, 2020, vol. 12, issue 3, 1-20

Abstract: The Smart Cities (SCs) models currently widely employed are identical and inconsiderate of Economics Driven (ED), Local Context (LC), and Sustainability (St) factors. These are key factors to driving, constructing, and developing smart cities. This paper presents a process wherein “the Local Smart Sustain Cities Model (LSSCsM)” is combined and modeled with Exploratory Factor Analysis technique (EFA) to design a smart city that fits the local features of a given area. This particular process creates a Smart Cities Model (SCsM) that has unique sustainability and local context factors. This paper also presents the smart cities Priority Action Ranking (PAR) process using Fuzzy Logic Decision Making (FLDM) to evaluate the strengths and weaknesses of each smart city economics driver and characteristic and prioritize the direction planning of each factor and characteristic. The resulting smart cities model can then be used as the foundation of sustainable smart cities that avoid the pitfall of using incompatible smart cities models as the base and consequently failing, thus avoiding the extravagant costs associated with an unsuccessful project of such scale.

Keywords: local context; economics driven; smart cities; sustainability; planning; EFA; fuzzy logic; decision making (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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