A state of the art literature review of VIKOR and its fuzzy extensions on applications


Gul M. , Celik E., AYDIN N. , GUMUS A. T. , GÜNERİ A. F.

APPLIED SOFT COMPUTING, vol.46, pp.60-89, 2016 (Journal Indexed in SCI) identifier identifier

  • Publication Type: Article / Review
  • Volume: 46
  • Publication Date: 2016
  • Doi Number: 10.1016/j.asoc.2016.04.040
  • Title of Journal : APPLIED SOFT COMPUTING
  • Page Numbers: pp.60-89
  • Keywords: VIKOR, State-of-the-art review, Multi criteria decision making, Fuzzy sets, MULTICRITERIA DECISION-MAKING, FINANCIAL PERFORMANCE EVALUATION, HYBRID MULTIPLE CRITERIA, MODEL COMBINING DANP, QUALITY FUNCTION DEPLOYMENT, ANALYTIC HIERARCHY PROCESS, COMPROMISE SOLUTION METHOD, MATERIAL SELECTION, SUPPLIER SELECTION, EXTENDED VIKOR

Abstract

Multi criteria decision making (MCDM) is one of the research areas of operations research and management science which has widely studied by researchers and practitioners. It finds a compromise solution for evaluating and ranking alternatives from the best to the worst under conflicting criteria with respect to decision maker(s) preferences. In a compromise approach, the VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR; that means multi-criteria optimization and compromise solution) continues to be applied satisfactorily across different application areas. This paper conducts a state-of-the-art literature review to categorize, analyze and interpret the current research on VIKOR applications. It also discusses the extensions of VIKOR applied in fuzzy environments. A total of 343 papers are classified into 13 different application areas and a number of sub-application areas. Furthermore, all papers are also categorized with respect to publication year, published journal, country of origin, application type (real case study vs empirical study), and version of fuzzy sets used. This comprehensive literature review provides an insight for researchers and practitioners on VIKOR applications in terms of showing current state and potential areas for future attempts to be focused in the future. (C) 2016 Elsevier B.V. All rights reserved.