How to Use VIKOR to Make Decisions in Business and Beyond
The step-by-step algorithm of VIKOR, which is a technique for making decisions based on multiple criteria, has been presented in this note.
The step-by-step algorithm of VIKOR, which is a technique for making decisions based on multiple criteria, has been presented in this note.
We introduce the TOPSIS technique and explain how it works to evaluate the best options from a set of alternatives.
Criteria and Alternatives play a basic role in analyzing and constructing the decision making process in any MADM or MADA problem.