This research paper presents a comprehensive review of Multiple Criteria Decision-Making (MCDM) methods, encompassing their advancements, applications, and future directions. The study begins with an introduction emphasizing the significance of MCDM in complex decision-making scenarios. Through a systematic literature review, recent developments in MCDM techniques are examined, including multi-objective methods, fuzzy-based approaches, data-driven models, and hybrid methodologies. The strengths and limitations of each method are critically analyzed. Furthermore, the paper investigates the diverse applications of MCDM in domains such as business, engineering, environment, healthcare, and public policy, highlighting the practical implications through real-world case studies. The study then identifies emerging trends and challenges in MCDM research, discussing the integration of MCDM with emerging technologies, enhancing robustness and adaptability, addressing uncertainty, and identifying unexplored domains for potential application. This comprehensive review serves as a valuable resource for decision-makers and researchers, providing insights into the advancements, applications, and future directions of MCDM methods.

Traditional Multi-Criteria Decision Making (MCDM) methods have now become outdated; therefore, most researchers are focusing on more robust hybrid MCDM models that combine two or more MCDM techniques to address decision-making problems. The authors attempted to create two novel hybrid MCDM systems in this paper by integrating Additive Ratio ASsessment (ARAS) with Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) and Complex PRoportional ASsessment (COPRAS). To demonstrate the ability and effectiveness of these two hybrid models i.e., TOPSIS-ARAS and COPRAS-ARAS were applied to solve a real-time robot selection problem with 12 alternative robots and five selection criteria, while evaluating the parametric importance using the CRiteria Importance Through Inter criteria Correlation (CRITIC) objective weighting estimation tool. The rankings of the robot alternatives gained from these two hybrid models were also compared to the obtained results from eight other solo MCDM tools. Although the rankings by the applied methods slightly differ from each other, the final outcomes from all of the adopted techniques are consistent enough to suggest that robot 12 is the best choice followed by robot 11, and robot 4 is the worst one among these 12 alternatives. Spearman Correlation Coefficient (SCC) also reveals that the proposed rankings derived from various methods have a strong ranking relationship with one another. Finally, sensitivity analysis was performed to investigate the effects of weight variation and to validate the robustness of the implemented MCDM approaches.

The construction business is always changing, and with the introduction of artificial intelligence (AI) technology it is undergoing substantial modifications in a variety of areas. The purpose of this research paper is to investigate the function of AI tools in the construction industry using a hybrid multi-criteria decision-making (MCDM) framework based on the Delphi method, analytic network process (ANP), and Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) under a fuzzy scenario. The ANP framework offers a systematic approach to quantifying the relative importance of AI technologies based on expert opinions gathered during the Delphi process, whereas the fuzzy TOPSIS methodology is used to rank and select the most appropriate AI technologies for the construction industry. The final results from the ANP revealed that the technological factors are the most crucial, followed by the environmental factors, which highly influence the AI environment. In addition, TOPSIS identified robotics and automation as the best AI alternative among the three options, followed by building information modeling (BIM), whereas computer vision was the least preferred among the list. The proposed hybrid MCDM framework enables a comprehensive evaluation and selection process that takes into account the interdependencies between AI technologies and uncertainties in decision-making.

The advent of Industry 4.0 has triggered a profound transformation in manufacturing and supply chain management, necessitating the adaptation of supplier selection processes to this evolving technological landscape. This comprehensive review paper places a significant focus on the role of multi-criteria decision-making (MCDM) methodologies and emerging trends in the context of supplier selection within Industry 4.0. It underscores the critical importance of effective supplier selection in achieving operational excellence and bolstering supply chain resilience in this new era, exploring the challenges and opportunities presented by technological advances such as the Internet of Things, big data analytics, artificial intelligence, and advanced manufacturing techniques. The paper looks into the theoretical underpinnings of MCDM techniques, highlighting their suitability for addressing the complex, multi-dimensional criteria associated with supplier selection. As a valuable resource, this study caters to researchers, practitioners, and decision-makers navigating the intricate landscape of supplier selection within the dynamic area of Industry 4.0, emphasizing the pivotal role of MCDM methodologies and the ever-evolving dynamics shaping supplier selection processes in the digital age.