Predictive Automated Negotiation & Dynamic Optimal Rate Adaptation (PANDORA)

Research unit

INNOSUISSE

Project number

43716.1 IP-ICT

Project title

Predictive Automated Negotiation & Dynamic Optimal Rate Adaptation (PANDORA)

Texts for this project

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Short description		-	-
Abstract		-	-	-

Category	Text
Short description (German)	Predictive Automated Negotiation & Dynamic Optimal Rate Adaptation (PANDORA)
Short description (English)	Predictive Automated Negotiation & Dynamic Optimal Rate Adaptation (PANDORA)
Abstract (German)	PrivateDeal developed an automated negotiation system for hotels. The goal of the research is to achieve, through artificial intelligence and machine learning, a dynamic adaptation of the price and the individualization of the negotiation algorithm in order to increase conversion by 5%.