Evaluation of Urban Economic Benefit Value Calculation Method Based on Smart City

Economic growth has not only made life more comfortable for people but has also increased the demands and expectations of the living environment. Urban planning, layout, construction, transportation, environmental protection, etc. are increasingly attracting the attention of the government. Due to the increase in residents, there are many problems in cities, such as traffic congestion, smog, etc. The relevant departments hope to use intelligent means to effectively alleviate these problems, and many cities have achieved good results. As a part of urban economics research, analyzing the economic benefits of a city helps to study how to develop the city. Smart sensor and communication technology is an advanced technology for smart manufacturing and the Internet of Things. As an advanced sensor tool, it is of great significance for exploring the economic benefits of smart cities. This paper discusses the calculation method of urban economic benefit value based on smart cities and evaluates the calculation method. The purpose of this paper is to find out the calculation method applicable to the urban economic benefit and to propose an effective evaluation method for the urban economic benefit, so as to have a more complete and effective calculation and evaluation of the urban economic benefit. This paper introduces the smart city, combining intelligent sensing and communication technology, and designs the economic benefit calculation method and evaluation model. Finally, this paper designs an experiment of economic benefit calculation and evaluation. First, 18 cities in China are used as examples to explore the relationship between indicators and GDP. It is concluded that there is a long-term and stable relationship between GDP and household savings balance at the end of the year and that this does not exist with the average number of on-the-job workers. Then we took Wuhan Metro Line 5 as an example to evaluate its economic benefits. The experiment shows that the largest weight value is the investment return period, with a weight of 0.54, and the evaluation level of Wuhan Metro Line 5 is 4.