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An enhanced parking lot service model using wireless sensor network

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4 Author(s)
Jung-Wook Lee ; School of IT Business, Information and Communications University, 119 Munjiro, Yuseong-Gu, Daejoen, 305-732, Korea ; Yoon-Bong Yoo ; Jae-Jeung Rho ; Sae-Sol Choi

This study proposed a sensor network technology based parking lot service model. Before developing a specific business model, target market size was estimated to grasp its potential demand. As a result, over 2 million parking lot spaces in Korea were turned out the expected market for the new service model. A survey was conducted to investigate the unmet desires for the parking lot service. Based on the results, the new sensor-network applied parking lot service model was designed. It would provide enhanced searching function more efficiently for available parking spaces. A break-even analysis was followed to verify the feasibility of the business model by applying an empirical example.

Published in:

2008 6th IEEE International Conference on Industrial Informatics

Date of Conference:

13-16 July 2008