A Comprehensive and Systematic Review of Multi-Criteria Decision-Making (MCDM) Methods to Solve Decision-Making Problems: Two Decades from 2004 to 2024
Magadh University · University of Belgrade
Abstract
Decision-making in complex, multifaceted scenarios has become increasingly critical across diverse sectors, necessitating robust frameworks like Multi-Criteria Decision-Making (MCDM). Over the past two decades (2004–2024), MCDM has transformed from foundational methods like AHP and TOPSIS into dynamic hybrid models integrating artificial intelligence, fuzzy logic, and machine learning. Despite significant strides, the field faces challenges in addressing geographic disparities, underexplored domains, and adapting to emerging global needs. This study provides a comprehensive review of MCDM's evolution, consolidating insights from 3,655 peer-reviewed articles sourced through Dimensions.ai and analyzed using…
Citation impact
- FWCI
- 125.18
- Percentile
- 100%
- References
- 31
Authors
2- RKRahul KumarCorresponding
Magadh University
- DPDragan Pamucar
University of Belgrade
Topics & keywords
- Multiple-criteria decision analysis
- Management science
- Computer science
- Decision analysis
- Business decision mapping
- Operations research
- Mathematics
- Decision support system