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Railways partners with ISB for coal-freight optimisation model
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SME Times News Bureau | 24 Nov, 2020
The Indian Railways on Tuesday announced that it is collaborating with
the Hyderabad-based Indian School of Business (ISB) for a study on an
integrated coal-freight optimisation model to increase network
throughput.
South Central Railway's (SCR) Principal Chief
Operations Manager, Shiva Prasad, handed over the letter of
authorisation to ISB's Deputy Dean Milind Sohoni in the presence of SCR
general Manager Gajanan Mallya and other senior officials of Railways
and ISB at Rail Nilayam.
Mallya stressed the need for having an
integrated freight optimisation model using the latest techniques. He
said that currently, not only does coal occupy the predominant share in
the freight basket of Indian Railways, but the transportation of the
commodity also happens through some of the most saturated sections of
the rail network.
With the introduction of Freight Operations
Information System (FOIS), the entire data of freight services is
available in digital format which can be effectively utilised both for
the demand estimation as well as to develop a model to supply the rakes
to meet the needs of the industry.
He expressed his happiness in
collaborating with a renowned institute like ISB which will help in
developing such a model making use of the latest techniques so as to
increase the network throughput while optimising freight transportation
over the Indian Railways.
Sohoni said that the ISB is privileged
to have a sustained association with Indian Railways, one of the largest
rail networks in the world. He said that the scientific analysis going
to be conducted by the ISB will explore new avenues for Railways in
improving the freight traffic.
The ISB will look forward to
delivering a good optimisation model which results in meeting demand
supply variation effectively and enhances overall performance of
network, he added.
Indian Railways is already associated with ISB
for imparting training to Railway officials in enhancing managerial
skills. Recently, Indian Railways collaborated with the ISB to set up a
Centre for Excellence in Artificial Intelligence and Data Analytics at
Secunderabad.
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