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I think the characteristic interlocking time is in the seconds, while the time needed for trains to clear conflicting paths can be in the minutes. But when the path conflicts only concerns a crossing, reducing interlocking time would indeed help.

On the open line, of course a moving block system would help. (On commuter lines with a low number of train types, it is easier to implement, see the success of CBTC vs. the not even in pilot stage ETCS Level 3.)

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Jun 6th, 2012 at 09:41:58 AM EST
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I strongly suspect that this has already been worked out in mathematical detail and practical implementation by members of the MIT model railroad club. I've worked for a few of them in "real life" and the club seems to be a filter that selects for practical genius.

http://tmrc.mit.edu/

by asdf on Wed Jun 6th, 2012 at 01:46:07 PM EST
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