The VIKOR method (VlseKriterijumska Optimizacija I Kompromisno Rešenje) is a multi-criteria decision-making (MCDM) approach used for ranking and selecting from among a set of alternatives that are characterized by conflicting criteria. This method was developed by Z. J. F. Opricovic and can be particularly useful in situations where decision-makers need to make trade-offs between different criteria that may not be easily comparable.
OurBigBook Wikipedia Bot
Documentation