Economic Project Selection by Using VikorTechnique

There are many methods to select economic projections.In this article, by using VIKORtechnique we propose a new method for project selection problem.We review four common methods of comparing alternatives investment (net present value, rate of return,benefit cost analysis and payback period) and they are our selected attribute. The VIKOR method is used formultiple-attribute optimizations of complex systems. It determines the compromise ranking list with thegiven weights. Obtained results have been tested in a numerical example.Part 1 is introduction, part 2 isliterature review, in part 3 we present the method, part 4 is numerical Example and the last part is conclusion.

Keywords:

VIKOR , Project Selection , Multiple Criteria Decision-Making , AlternativesInvestment