Compensation and Buy-Back Deals in Supply Chains: Analyzing Strategic Decision Areas by Using AHP

Abstract

Practice reports suggest that the oldest form of trade-barter-is taking shape in supply chain management and production research. The paper highlights the phenomenon of countertrade in supply chains and takes first steps towards the conceptualization and explanation of a potentially powerful competitive tool-the analytic hierarchy process (AHP)-in practice.To test the construct, the model is applied to an illustrative case. The illustrations and the decision model shed light into why, and how, firms use countertrade in supply chains to support long-term business success. The identified forms of countertrade in supply chains exhibit different strengths with regard to a set of business objectives. The results contribute to the academic discussion of reciprocal agreements in supply chains as well as to the field of strategic production research in general. This paper should be of interest to practitioners as well as to academics specializing in supply chain management and strategic alliances in business networks.

A Comprehensive Study of Weighted Product Model for Selecting the Best Product in Our Daily Life

“…The application of MCDM methodologies is not only restricted within the scope of industrial sector (Lee et al, 2008;Duran and Aguilo, 2008;Karande et al, 2016), energy sector (Kowalski et al, 2009;Tsoutsos et al, 2009), environmental issues (Geldermann et al, 2000;Vaillancourt and Waaub, 2004;Qin et al, 2008), logistics and supply chain management (Hernandez et al, 2010;Hofmann, 2011) but also, some researchers find it suitable for selecting the best products, processes, strategies associated with our daily life, for example Mitra and Kundu (2017) applied AHP for the best domestic refrigerator selection and further Mitra and Kundu (2018) also analyzed the same problem by applying TOPSIS. The best-chosen refrigerator model is coming out to be Model 2 in both the cases, however there is a slight change in ranking of the refrigerator models between these two techniques.…”