A multi-attribute value theory to assess the benefits of vendor managed inventory

Camillo Loro and Riccardo Mangiaracina

International Journal of Integrated Supply Management, 2021, vol. 14, issue 3, 330-362

Abstract: This paper aims to show the effect of the qualitative decision factors on the implementation of VMI solution in the grocery industry. The methodology used in the study is a combination of an analytical approach and empirical analysis. A multi-attribute value theory called simple multi-attribute rating theory was selected as a tool of analysis. This model was combined with the analytical hierarchical process to obtain a hybrid model to express subjective and objective decision-maker evaluations. Then, the empirical analysis was conducted to validate the research paradigm and to test the model generated. As a result, qualitative factors are considered essential elements for a supply chain collaboration project's success. For the literature, it is the first attempt to assess an analytical model combining both qualitative and quantitative factors for such a solution. For practitioners, the model may be used as a supporting tool for decision-making about VMI solution.

Keywords: vendor managed inventory; VMI; supply chain collaboration; grocery supply chain; multi-objective decision models. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijisma:v:14:y:2021:i:3:p:330-362

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