Brilliant! Big IIT boost for LPG connections for BPL households via Pradhan Mantri Ujjwala Yojana
The DSS mathematical model devised at IIT KGP has found the optimum number of total (BPL) connections required in a region and the number of dealerships that need to be commissioned in a region over the policy time frame, the statement said.
Researchers at the Indian Institute of Technology (IIT), Kharagpur have devised a computer programme that will help maximise LPG connections in BPL households in the 'Pradhan Mantri Ujjwala Yojana', a statement issued by the institute said Thursday.
An IIT Kharagpur team of researchers, led by Prof Manoj Kumar Tiwari of the Department of Industrial and Systems Engineering, have devised the 'Decision Support System' (DSS) focusing on the 'Pradhan Mantri Ujjwala Yojana' for maximising (optimizing) the number of LPG connections, particularly in below poverty level (BPL) households, it said.
A decision support system (DSS) is a computer programme that helps in making sound rational decisions using mathematical programming and operation research techniques.
The DSS mathematical model devised at IIT KGP has found the optimum number of total (BPL) connections required in a region and the number of dealerships that need to be commissioned in a region over the policy time frame, the statement said.
This type of mathematical modeling of a policy (LPG) can be used as a reference for mathematical modeling of other policies, the statement said.
"This kind of DSS can be developed for various federal and state level policies for various commodities like solar panels distributions, agricultural commodities and so on," it said.
This model can not only predict how the number of household connections can be increased but also the region that contributes most in each zone of LPG distribution.
Watch Zee Business Tweet here:
#ZBizHeadlines | #NaturalGas में भारी उतार-चढ़ाव, गोल्ड ज्वैलरी की हॉलमार्किंग होगी अनिवार्य? #Commodity बाज़ार की बड़ी खबरों पर एक नज़र। pic.twitter.com/XyhHhnP1Tz
— Zee Business (@ZeeBusiness) November 16, 2018
The PMUY, launched in May 2016, aimed at providing 5 crore LPG connections by 2019 to BPL families with the support of Rs 1,600 to each family. The government has recently revised the target to 8 crore LPG connections by 2020.
While certain areas such as Maharashtra, Tamil Nadu, Bihar, Rajasthan and West Bengal have been well covered, the government needs to pay special attention to regions critical to LPG penetration, such as Assam in the North-East to achieve 100 per cent BPL household penetration, the statement said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
12:41 PM IST