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2023 Jan 11:1–28. Online ahead of print. doi: 10.1007/s40815-022-01448-z

Table 2.

Description of MCDM methods

MCDM methods Acronym Description Complexity References
Analytic Hierarchy Process AHP A structured method for organizing and analyzing complex decisions O(min{mn2,nm2}) Saaty [56]
Analytic Network Process ANP Generalization of the AHP method which enables the existence of interdependencies among criteria O(min{mn2,nm2}) Saaty [57]
Technique for order of preference by similarity to ideal solution TOPSIS A method of compensatory aggregation O(mn) Yoon and Hwang [58]
VlseKriterijumska Optimizacija I Kompromisno Resenje VIKOR A compromise approach of MCDM, determines the best alternative by ranking the closeness to the ideal solution O(mn) Opricovic [59]
An acronym in Portuguese for Interactive and Multicriteria Decision-Making TODIM A method by measuring the dominance degree of each alternative over the other alternatives using the overall value O(m2n) Gomes and Lima [60]
Preference ranking organization method for enrichment of evaluations PROMETHEE Family of outranking methods based on the selection of a preference function for each criterion O(m2n) Brans and Vincke [61]
Multi-objective optimization ratio analysis MOORA An objective method based on comprehensive values of alternatives on all criteria and the most regret value on one criterion O(mn) Brauers and Zavadskas [62]
Elimination and Choice Translating Reality ELECTRE An outranking method to sort out the best alternative by comparing each pair of actions based on several outranking relations O(m2n) Benayoun et al. [63]
DEcision-MAking Trial and Evaluation Laboratory DEMATEL A method used to construct a network relation in order to examine the internal relation among attributes O(n2) Yamazaki et al. [64]
Best–Worst Method BWM An MCDM method based on pairwise comparisons between the best or the worst criterion and other criteria O(n2) Rezaei [65]
COmplex PRoportional ASsessment COPRAS A method used to assess the maximum and minimum index values. The effect of maximum and minimum indexes of attributes on the assessment results is considered separately O(mn) Zavadskas et al. [66]
Weighted Aggregates Sum Product Assessment WASPAS A combination of weighted sum model and weighted product model O(mn) Zavadskas et al. [67]