How does timetabling work?
Simple question, complicated answer....
Timetables should comply with the following basic principles, in no particular order and more could be added:
Be safe to operate
Provide sufficient capacity
Maximise revenue
Maximise performance
Minimise cost
Be compliant with your Service Level Agreement
In passenger land a TOC designing a timetable will need to work with DfT and ORR to get the necessary permissions and access rights, but I'll skip all this contractual stuff, important though it is in today's contractual railway.
For many TOCs the best place to start is with a standard off peak hour that can repeat throughout the day. This will identify the best way to use track capacity, and ideally will include sufficient access for freight if you want to avoid problems later in the process. Best to talk to freight colleagues before you start and get the pattern agreed with NR before you start replicating it.
At the same time consider the diagramming implications of the timetable you are designing. A timetable that is potentially high revenue / high cost is more risky than low revenue / low cost, because cost is almost a given, but revenue is not guaranteed. Every TOC would like a high revenue / low cost timetable.
Then add in the peak workings and the start and finish of the service and job done. Of course nowhere as simple as that, and timetabling tends to be done differently depending on the type of TOC you are, and where you are in the country. Long distance operators including freight will need NR planners to work out detailed paths across the network, where as TOCs with intensive suburban operations (e.g. Former NSE area) tend to take the lead as their resource plan is more critical, so they submit more detailed plans to NR for validation.
Also keep user groups and other stakeholders informed along the way. Timetable changes are always contentious to someone, even if the vast majority benefit.
That lot has probably put anyone off becoming a planner, but get it right and it can be quite satisfying.