VIKOR method

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The VIKOR method is a multi-criteria decision making (MCDM) method. It was originally developed by Serafim Opricovic in 1979 to solve decision problems with conflicting and noncommensurable (different units) criteria. It assumes that compromise is acceptable for conflict resolution and that the decision maker wants a solution that is the closest to the ideal, so the alternatives are evaluated according to all established criteria. VIKOR then ranks alternatives and determines the solution named compromise that is the closest to the ideal.