Optimising MSRTC Operations
Project name: Optimising MSRTC Operations through Network Modeling and Social Metrics
Partner: Maharashtra State Road Transport Corporation (MSRTC)
Sectors: Public Transport, Optimization, Social Value Accounting
Category: Computer Science
Current Team:
- Professor-in-charge: Milind Sohoni
- Senior IT expert: Rahul
- Team: Rijyuta, Ashutosh, Satyam
Description: The MSRTC, a pivotal element of Maharashtra's transport infrastructure, operates as the primary regional public bus system. Nevertheless, the corporation confronts various hurdles in terms of effective decision-making and operational efficiency. These include determining optimal routes to enhance coverage and efficiency, allocating buses to routes on a daily basis, and more.
In simple words, the organization incurs losses amounting to hundreds of crores every year, which affects its service delivery and causes hardship to a significant section of people. However, we are confident that by implementing a range of measures, including the development of an IT stack, social and financial value accounting, and strategic optimizations, we can considerably enhance the MSRTC's operations. An MoU between IITB and MSRTC has already been established.
The foundation of the proposed IT stack is the network layer, which is a directed graph consisting of nodes and edges that represent the road network. This layer includes essential attributes on both nodes and edges, forming the basis for the development of a geospatial computation framework. To aid decision-making at select depots, we plan to create and deploy software tools. Furthermore, we will establish a methodology for social value accounting and implement it in specific depots.