Quantifying the Economic and Financial Viability of NB-IoT and LoRaWAN Technologies: A Comprehensive Life Cycle Cost Analysis Using Pragmatic Computational Tools

Bernhard Koelmel; Max Borsch; Rebecca Bulander; Lukas Waidelich; Tanja Brugger; Ansgar Kuehn; Matthias Weyer; Luc Schmerber; Michael Krutwig

doi:10.20944/preprints202306.0315.v1

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preprints.org > computer science and mathematics > other > doi: 10.20944/preprints202306.0315.v1

Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Quantifying the Economic and Financial Viability of NB-IoT and LoRaWAN Technologies: A Comprehensive Life Cycle Cost Analysis Using Pragmatic Computational Tools

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Version 1 : Received: 2 June 2023 / Approved: 5 June 2023 / Online: 5 June 2023 (12:00:41 CEST)

A peer-reviewed article of this Preprint also exists.

Koelmel, B.; Borsch, M.; Bulander, R.; Waidelich, L.; Brugger, T.; Kuehn, A.; Weyer, M.; Schmerber, L.; Krutwig, M. Quantifying the Economic and Financial Viability of NB-IoT and LoRaWAN Technologies: A Comprehensive Life Cycle Cost Analysis Using Pragmatic Computational Tools. FinTech 2023, 2, 510-526. Koelmel, B.; Borsch, M.; Bulander, R.; Waidelich, L.; Brugger, T.; Kuehn, A.; Weyer, M.; Schmerber, L.; Krutwig, M. Quantifying the Economic and Financial Viability of NB-IoT and LoRaWAN Technologies: A Comprehensive Life Cycle Cost Analysis Using Pragmatic Computational Tools. FinTech 2023, 2, 510-526.

Abstract

This paper focuses on quantifying the economic and financial viability of NB-IoT and LoRaWAN technologies, two low-power wide-area network (LPWAN) technologies with unique characteristics that make them suitable for IoT applications. The purpose of the study is to propose an artefact for performing life cycle cost analysis and demonstrate its application to these technologies. The methodology uses pragmatic computational tools to facilitate the analysis and considers all relevant economic and financial factors, such as operating costs, equipment costs, and revenue potential. The main finding of the study is that NB-IoT and LoRaWAN technologies have different cost structures and revenue potentials, which may affect their economic and financial viability for different IoT applications. Ultimately, the study concludes that a comprehensive life cycle cost analysis is critical to making informed decisions about technology adoption, and that the proposed methodology can be applied to other IoT technologies to gain insight into their economic and financial viability.

Keywords

Financial Viability; Life Cycle Cost Analysis; LPWAN; Pragmatic Computational Tools; Design Science Research, Data-driven decision making

Subject

Computer Science and Mathematics, Other

Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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