Take a vector space built from an abelian group $(V,+)$ whose elements are the vectors, a field $K$ whose elements are the scalars, and there is an operation (multiplication by scalars) that distributes on the group operation.
What is the name of the structure obtained if $(V,+)$ instead of being an abelian group is an abelian monoid?
Thanks and forgive my ignorance :)
Adam showed quite nicely that this isn't interesting when $K$ is a field or, as we can see looking at his argument, any ring with an identity $1$ which has an additive inverse.
We can try to find a nontrivial example of your concept by talking about semirings and semimodules. As semiring is like a regular ring, except we only require the underlying group to be a monoid (no inverses necessarily.) Usually the axiom that $0*r=0$ is added back in (since it's no longer derivable from the existence of additive inverses.)
A semimodule is an additive abelian monoid with a semiring acting on it in the same way a ring acts on a regular module. Again, we may have to add back in that $0*m=0$ to keep things nice.
For a nice example of a semiring, you can just consider the semiring of natural numbers $\Bbb N=\{0,1,2,\ldots\}$. It is a semimodule over itself.
In the same line of thought, you can consider the set of nonnegative rational numbers as a semifield, where there aren't any additive inverses (except for $0$) and yet everything has a multiplicative inverse, and it is closed under addition and multiplication, etc. They probably call semimodules over a semifield "semivector spaces".