The development and success of various smart cities is contingent on the
multiple models of expertise they employ and execute like a functional and smart
infrastructure to handle traffic chaos, a sustainable water recycling system, a smart
administration task manager, or an efficient waste management plant. The development
and efficacy of various smart cities are directly dependent on the efficiency of multiple
models it employees. Thus, the presented study aims to review, analyse and document
the various models that perform mundane tasks “smartly”, on the basis of key criteria
namely: efficacy on the task in hand, power and time consumption, human interaction,
upfront cost and operational task. These outcomes are then collated, and assayed by the
application of various mathematical and statistical models to determine their
performance as compared to the pre-existing non-technical approach of pursuing the
same. Finally, the purpose of this study is to present a complete analysis of the
performance of various models of smart cities to comprehend the profitability overall
and provide suitable points to improve the same.
Keywords: Internet of Things, Smart Cities, Operational & Upfront Cost, Performance Quotient.