Extended VIKOR method in comparison with outranking methods

Extended VIKOR method in comparison with outranking methods,10.1016/j.ejor.2006.01.020,European Journal of Operational Research,Serafim Opricovic,Gwo-

Extended VIKOR method in comparison with outranking methods   (Citations: 73)
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The VIKOR method was developed to solve MCDM problems with conflicting and noncommensurable (different units) criteria, assuming that compromising is acceptable for conflict resolution, the decision maker wants a solution that is the closest to the ideal, and the alternatives are evaluated according to all established criteria. This method focuses on ranking and selecting from a set of alternatives in the presence of conflicting criteria, and on proposing compromise solution (one or more). The VIKOR method is extended with a stability analysis determining the weight stability intervals and with trade-offs analysis. The extended VIKOR method is compared with three multicriteria decision making methods: TOPSIS, PROMETHEE, and ELECTRE. A numerical example illustrates an application of the VIKOR method, and the results by all four considered methods are compared.
Journal: European Journal of Operational Research - EJOR , vol. 178, no. 2, pp. 514-529, 2007
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