An Effective Compromising Ranking Technique for Decision Making

The VIKOR (VlseKriterijumska Optimizacija I Kompromisno Resenje) method, which is a multi-criteria decision-making examined in this paper. like other MCDM techniques such as the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS), widely used solve complex problems various fields engineering, management, and finance. This paper provides an overview including its application areas, advantages, disadvantages. Besides, survey paper, process steps method are described, determining decision matrix, normalizing weights criteria, calculating utility regret values, index, finally ranking alternatives. By providing steps, aims provide better understanding potential different contexts.