The last mile is a term to describe the cost of reaching homes and businesses with equipment and services. In many cases, the cost of reaching individual residences represents the majority of the investment and operational cost for a network such as wired or wireless internet services. The last mile is also a cost and design challenge for any services that physically reach the home such as transportation, delivery or home health care. For example, more passengers will use a train station if it's close to their home or accessible with wide sidewalks and bicycles lanes with bicycle parking at the station.
|Definition||The cost and design challenges of reaching homes and businesses with physical infrastructure, services and transportation.|
|Origin||Originated with the cost of wiring homes with telephone lines in the early 20th century. Long considered a telecom term, it is now used in other industries.|
|Related Concepts||InfrastructureUrban DesignEconomics|
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