How Smartsettle Infinity uncovers Hidden Value
Complex negotiations have two important objectives; fairness and efficiency. To understand this better, we recommend that you prepare for this webinar by first watching the "Orange Quarrel" video (9 minutes on YouTube).
In this presentation, Dr. Ernest Thiessen will first explain how Smartsettle Infinity uses Visual Blind Bidding to help negotiators achieve the fairness objective and then applies optimization with an algorithm called "maximize the minimum gain" to make sure that there is no value left on the table. The presentation will be concluded with a demonstration of Infinity showing a simulation of a negotiation between Jenny and Joey who are fighting over a single orange. After seeing how Infinity could be used to solve this very simple problem, you will be able to imagine how this powerful eNegotiation system is able to produce tremendous benefits through time savings and uncovered value in any complex negotiation with any number of quantitative or qualitative issues between any number of decision makers.
Dr. Ernest Thiessen is the Founder and President of Smartsettle (iCan Systems Inc). He has led iCan’s development team since 1993 in to create the world’s first comprehensive online negotiation system. The Smartsettle eNegotiation system is based on research that Thiessen directed at Cornell University, where he received a PhD in Civil Engineering with a specialty in Water Resources Systems Planning and Analysis. Thiessen also directs the International eNegotiation Exhibition and was a lecturer in 2010 for UNESCO-IHE’s Negotiation and Mediation for Water Conflict Management course. Ernest served as a volunteer doing irrigation engineering for Mennonite Central Committee in Nepal during the eighties on an integrated rural development project. Thiessen has attended every Cyberweek since this virtual conference began in the 1998. He has also been a guest speaker at most of the Annual International Forums on Online Dispute Resolution since they began in 2002.