VIKOR

Antonino Marvuglia

Chapter 185 in Elgar Encyclopedia of Life Cycle Sustainability Assessment, 2026, pp 698-700 from Edward Elgar Publishing

Abstract: The VIKOR method is a multi-criteria decision making (MCDM) or multi-criteria decision analysis method. As every MCDM method, it aims at evaluating multiple conflicting criteria and choosing among alternatives. The method was originally developed by Serafim Opricović to solve decision problems with conflicting and non-commensurable (i.e. expressed in different units) criteria, assuming that compromise (i.e. a trade-off agreement reached by mutual concessions) is acceptable for conflict resolution, where the decision maker seeks a solution that is as close as possible to a defined ideal solution, and all the defined criteria are used to evaluate the existing alternative options. The decision matrix comprises as many rows as there are alternatives to evaluate, and as many columns as the number of criteria based on which the alternatives are assessed. The entries of the matrix express the scores of each alternative in each criterion. The criteria are weighted to express their relative importance. The VIKOR method also has a fuzzy logic extension in which both criteria and weights could be fuzzy sets and the triangular fuzzy numbers are used to handle imprecise numerical quantities.

Keywords: Multi criteria decision making; Multi criteria decision analysis; Compromise solution; Decision matrix; Conflict resolution; Attribute; Indicator (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035309887
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035309894.00190 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22215_185

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().