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A Comprehensive Survey and Literature Review on TOPSIS

Author

Listed:
  • Hamed Taherdoost

    (University Canada West, Canada & Global University Systems, UK & Hamta Business Corporation, Canada & Quark Minded Technology Inc., Canada)

  • Mitra Madanchian

    (University Canada West, Canada)

Abstract

Multi-criteria decision making is a complex process that involves considering various criteria or factors when making a decision. Over the past few decades, several researchers have developed different methods to tackle this problem. This method offers manifold advantages, however, it faces several limits leading to the development of different modified forms. This paper provides a comprehensive review on the TOPSIS concept to help the researchers gain an overview in different aspects of TOPSIS. The literature review presented in this paper offers a comprehensive survey of the TOPSIS method, providing researchers with an overview of the various aspects of the method, its strengths and limitations, and its various applications. The results of the literature review also are provided based on the application, methodology, and reasons to use TOPSIS method.

Suggested Citation

  • Hamed Taherdoost & Mitra Madanchian, 2024. "A Comprehensive Survey and Literature Review on TOPSIS," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global Scientific Publishing, vol. 15(1), pages 1-65, January.
    • Handle: RePEc:igg:jssmet:v:15:y:2024:i:1:p:1-65
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    References listed on IDEAS

    as
    1. Kilic, Huseyin Selcuk & Yalcin, Ahmet Selcuk, 2021. "Comparison of municipalities considering environmental sustainability via neutrosophic DEMATEL based TOPSIS," Socio-Economic Planning Sciences, Elsevier, vol. 75(C).
    2. Tanrıverdi, Gökhan & Lezki, Şenay, 2021. "Istanbul Airport (IGA) and quest of best competitive strategy for air cargo carriers in new competition environment: A fuzzy multi-criteria approach," Journal of Air Transport Management, Elsevier, vol. 95(C).
    3. Li, Munan & Porter, Alan L. & Suominen, Arho & Burmaoglu, Serhat & Carley, Stephen, 2021. "An exploratory perspective to measure the emergence degree for a specific technology based on the philosophy of swarm intelligence," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
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