Hybrid Multi-Criteria Decision-Making Model for Optimal Selection of Cold Chain Logistics Service Providers
Journal Title: Journal of Organizations, Technology and Entrepreneurship - Year 2023, Vol 1, Issue 2
Abstract
In the context of the global supply chain, the selection of Cold Chain Logistics Service Providers (CCLSPs) emerges as a paramount challenge, particularly for the transportation of temperature-sensitive goods. This study introduces a structured decision-making framework, addressing the need for efficient and reliable logistics services in this sector. Central to the framework is a hybrid Multi-Criteria Decision-Making (MCDM) model, which synergizes Fuzzy FActor RElationship (Fuzzy FARE) and Fuzzy Axial Distance based Aggregated Measurement (Fuzzy ADAM). This innovative approach is aimed at refining criteria weight determination and enhancing provider ranking accuracy. Special emphasis is placed on the integration of fuzzy logic to manage the inherent uncertainties present in subjective evaluations and decision data. The investigation underscores the criticality of factors such as stringent temperature control, robust infrastructure, and adherence to regulatory standards in the selection process. An application of this methodology is demonstrated through a case study involving the ranking of ten logistics providers in South-East Europe. The study's contributions are twofold: it advances the theoretical framework of supply chain management methodologies and offers a pragmatic tool for businesses operating within temperature-sensitive logistics networks. Prospective research directions include the adaptation of this framework to various regional contexts and the incorporation of emerging technologies, ensuring the framework's applicability and relevance in the dynamic domain of cold chain logistics.
Authors and Affiliations
Mladen Krstić, Snežana Tadić
Keywords
Related Articles
- EP ID EP732678
- DOI https://doi.org/10.56578/jote010201
- Views 41
- Downloads 0
The Impact of Blockchain Technology on Reducing Cyber Risks
Blockchain technology, which gained prominence with the advent of Bitcoin in 2008, has garnered significant attention across various sectors due to its inherent transparency, security, and decentralization. The ability t...
Prioritizing Success Factors for the Performance of Sustainable Business Incubators: A Case Study of Andalas University
Studying the success factors of sustainability-focused business incubators is crucial because these incubators support startups that address environmental and social challenges, promoting sustainable development. Underst...
Evaluation of Transshipment Technologies in Intermodal Terminals: A Hybrid FSWARA-ADAM Approach
The accelerating process of globalization has led to an increase in freight transport volumes, exacerbated road congestion, and heightened environmental concerns, underscoring the imperative for sustainable and alternati...
Directors’ and Officers’ Liability Insurance, Risk Taking, and Corporate Strategic Deviation
Directors’ and Officers’ (D&O) liability insurance is a type of professional liability insurance that provides a safety net for corporate risks. This study, using data from Shanghai and Shenzhen A-share listed companies...
The Moderating Role of Trust in the Adoption of Self-Service Payment Systems by Consumers
In an age where online shopping and innovative services are rapidly evolving, consumer adaptation to shopping trends, store layouts, and payment modalities is critical. Among these adaptations, self-service checkout syst...