loses with agreement is proposed as well. A sensitivity analysis of the models has been performed in order to find the benefits to be gained in terms of savings in inventory costs and how these are distributed among the agents. The study results showed that under certain conditions and parameters, the VMI Cooperative model always favored the producer which did not happen with the buyer. However, the buyer may benefit from the VMI Cooperative model in its optimal point or by means of the economic incentive provided by the producer as a set in a bargaining model.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.