FORECASTING OF PASSENGERS DEMAND - A CASE STUDY

Public Transportation is termed as providing regular and continuous conveyance to the people in the society. The primary mode of transportation in Indian is road. Nearly 80% of the people in Indian are depend on road ways. The State Government is the primary stakeholder in road Transportation Corporation. The fundamental objective of any RTC is to provide high quality service at economical rates. But most of RTC’s are collecting high fares and providing low quality service. In India 72 million people are travelling in road ways for their day today life. Even though there is a large scope of profits because of the demand, most of the state RTC’s are in losses. The losses are mainly because of unscientific resource allocation and huge investment.