India will rework Indian Railways timetable— and the Minister has invited private tech players to help with it
- India's trade minister Piyush Goyal who is also in charge of the Indian Railways revealed plans to redo the timetable.
- Just rewriting the time table of the Indian Railways can improve efficiency by 20% to 25%, according to Goyal.
- Goyal has invited private players in operation research to help the Indian government in reworking the time table.
- The Indian government plans to spend another $15 billion in improving the signalling system.
Not just that, Goyal said that the government is inviting people from operations research to offer their expertise in improving the
Operations research (OR) is an analytical method of problem-solving and decision-making that is more complex than the use of simple data analytics tools and is used in scheduling and time management, urban and agricultural planning, enterprise resource planning (ERP) and supply chain management (SCM), inventory management, network optimization and engineering, packet routing optimization, and risk management. The concept developed during World War-II to make the military more efficient.
Goyal also said that the government is planning to improve the country's railway signalling system and is willing to spend about $15 billion for the same.
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