The Multiple Attribute Decision-Making VIKOR Method and its Application

Most decision-making problems can be considered as multiple attribute decision-making (MADM) problems, and should be solved by MADM methods. The main advantage of MADM is that it can give managers many dimensions to consider related elements, and evaluate all possible options under variable degrees. This paper introduces a compromise MADM method- VIKOR (VlseKriterijumska Optimizacija I Kompromisno Resenje) method and describes the working steps in detail. The character of VIKOR method is that the VIKOR method can determines a compromise solution, by using utility weight, the attitude of decision-makers can be reflected by adjusting utility weight.