Multi-Criteria Decision Aid (MCDA) or Multi-Criteria Decision Making (MCDM) methods have received much attention from researchers and practitioners in evaluating, assessing and ranking alternatives across diverse industries. Among numerous MCDA/MCDM methods developed to solve real-world decision problems, the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) continues to work satisfactorily across different application areas. In this paper, we conduct a state-of-the-art literature survey to taxonomize the research on TOPSIS applications and methodologies. The classification scheme for this review contains 266 scholarly papers from 103 journals since the year 2000, separated into nine application areas: (1) Supply Chain Management and Logistics, (2) Design, Engineering and Manufacturing Systems, (3) Business and Marketing Management, (4) Health, Safety and Environment Management, (5) Human Resources Management, (6) Energy Management, (7) Chemical Engineering, (8) Water Resources Management and (9) Other topics. Scholarly papers in the TOPSIS discipline are further interpreted based on (1) publication year, (2) publication journal, (3) authors' nationality and (4) other methods combined or compared with TOPSIS. We end our review paper with recommendations for future research in TOPSIS decision-making that is both forward-looking and practically oriented. This paper provides useful insights into the TOPSIS method and suggests a framework for future attempts in this area for academic researchers and practitioners.

Review: A state-of the-art survey of TOPSIS applications

In the current era of sustainable development, energy planning has become complex due to the involvement of multiple benchmarks like technical, social, economic and environmental. This in turn puts major constraints for decision makers to optimize energy alternatives independently and discretely especially in case of rural communities. In addition, topographical limitations concerning renewable energy systems which are mostly distributed in nature, the energy planning becomes more complicated. In such cases, decision analysis plays a vital role for designing such systems by considering various criteria and objectives even at disintegrated levels of electrification. Multiple criteria decision making (MCDM) is a branch of operational research dealing with finding optimal results in complex scenarios including various indicators, conflicting objectives and criteria. This tool is becoming popular in the field of energy planning due to the flexibility it provides to the decision makers to take decisions while considering all the criteria and objectives simultaneously. This article develops an insight into various MCDM techniques, progress made by considering renewable energy applications over MCDM methods and future prospects in this area. An extensive review in the sphere of sustainable energy has been performed by utilizing MCDM technique.

A review of multi criteria decision making (MCDM) towards sustainable renewable energy development

A fuzzy multi criteria approach for measuring sustainability performance of a supplier based on triple bottom line approach

Two decades was systematically reviewed on fuzzy MCDM techniques from 1994 to 2014.The database for review was 403 papers from more than 150 high-ranking journals.403 scholarly papers were grouped in four different main fields.Papers were classified based on utilizing, developing and proposing research papers. MCDM is considered as a complex decision-making tool involving both quantitative and qualitative factors. In recent years, several fuzzy FMCDM tools have been suggested to choosing the optimal probably options. The purpose of this paper is to review systematically the applications and methodologies of the fuzzy multi decision-making (FMCDM) techniques. This study reviewed a total of 403 papers published from 1994 to 2014 in more than 150 peer reviewed journals (extracted from online databases such as ScienceDirect, Springer, Emerald, Wiley, ProQuest, and Taylor & Francis). According to experts' opinions, these papers were grouped into four main fields: engineering, management and business, science, and technology. Furthermore, these papers were categorized based on authors, publication date, country of origin, methods, tools, and type of research (FMCDM utilizing research, FMCDM developing research, and FMCDM proposing research). The results of this study indicated that, in 2013, scholars have published papers more than other years. In addition, hybrid fuzzy MCDM in the integrated method and fuzzy AHP in the individual section were ranked as the first and second methods in use. Additionally, Taiwan was ranked as the first country that contributed to this survey, and engineering was ranked as the first field that has applied fuzzy DM tools and techniques.

Fuzzy multiple criteria decision-making techniques and applications - Two decades review from 1994 to 2014

Multiple criteria decision-making (MCDM) is considered as a complex decision-making (DM) tool involving both quantitative and qualitative factors. In recent years, several MCDM techniques and approaches have been suggested to choosing the optimal probable options. The purpose of this article is to systematically review the applications and methodologies of the MCDM techniques and approaches. This study reviewed a total of 393 articles published from 2000 to 2014 in more than 120 peer reviewed journals (extracted from Web of Science). According to experts’ opinion, these articles were grouped into 15 fields. Furthermore, these articles were categorised based on authors, publication date, name of journals, methods, tools, and type of research (MCDM utilising research, MCDM developing research, and MCDM proposing research). The results of this study indicated that in 2013 scholars have published articles more than in other years. In addition, the analytic hierarchy process (AHP) method in the individual tool...

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Multiple criteria decision-making techniques and their applications – a review of the literature from 2000 to 2014

An extension of TOPSIS for group decision making

http://samsa.persiangig.com/document/mcdm/MCDM.pdf

A hybrid MCDM model for strategic vendor selection

http://p30bazar.persiangig.com/pdf/52.pdf

COTS Evaluation using modified TOPSIS and ANP

This study designates green supply chain management (GSCM) strategies to effectively direct business functions and activities in the electronics industry. Enterprises conduct environmental scanning to understand the external environment and internal functions; a successful strategy identifies unique firm-owned resources and transforms them into capabilities. This study proposes a network to clarify managerial levels and firm-related content. It derives four business functions from product lifecycle management: design, purchasing, manufacturing, and marketing and service-and associates their related activities with ''greenness''. These functions and activities are a network's clusters and elements in an analytic network process (ANP) model with dependent relations. A detailed procedure solves complex GSCM strategy-selection problems and evaluates the most important activity in each business function. A case study takes a leading Taiwanese electronics company to identify the proposed procedure's stability.

Huan-Jyh Shyur

Papers

An extension of TOPSIS for group decision making

A hybrid MCDM model for strategic vendor selection

COTS Evaluation using modified TOPSIS and ANP

A business strategy selection of green supply chain management via an analytic network process

A stochastic software reliability model with imperfect-debugging and change-point