“…MADM approach has been effectively used in a lot of decision making tasks in industrial and research field (Gwo-Hshiung, 2010). It includes a variety of decision making techniques like; Analytic Hierarchy Process (AHP) (Rathi et al, 2015), VlseKriterijumska Optimisacija I Kompromisno Resenje (VIKOR) (Tong, Chen, & Wang, 2007), Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) (Yong, 2006), Additive Weighting (AW) (Modarres & Sadi-Nezhad, 2005), Weighted Product Method (WPM) (M. Wang, Liu, Wang, & Lai, 2010) and many more, and among these, VIKOR and TOPSIS are the outstanding approaches for decision making in complex situations (Opricovic & Tzeng, 2004). There are various applications for the VIKOR and TOPSIS approaches as reported in literature in various sectors like; material selection (Anojkumar et al, 2015), supply chain, supplier selection (Wu & Liu, 2011), health care sector (Zeng et al, 2013), renewable energy project selection (San Cristóbal, 2011), machine tool selection (Önüt et al, 2008) and many more (Devi, 2011;.…”