RTS Velocity is an advanced price sensitive revenue management and business intelligence solution that enables rail operators to increase their incremental revenue and maximize their profitability. The solution utilizes advanced mathematical operations research models for forecasting and optimization and can be easily integrated with other systems using Service Oriented Architecture or SOA.
Accounts for rail specific business practices and operational aspects such as adjustable capacity and varying journey lengths.
Option to choose from alternative forecasting models to understand customer demand to set optimal controls.
Restriction free pricing capability.
Web based lightweight application that is browser agnostic and is scalable and robust. Work flow driven intuitive Graphical User Interface.
Incorporates price elasticity of demand by certain groups of customer over the booking time horizon to determine the opening/closing of certain fare classes.
The SaaS cloud option is best suited for rapid deployment, immediate benefit, minimal implementation effort and low ongoing maintenance costs.