D 2025

Review of TOPSIS Tools for Small and Medium-sized Enterprises

NENIČKOVÁ, Zuzana; Lucie WALECZEK ZOTYKOVÁ and Radmila KRKOŠKOVÁ

Basic information

Original name

Review of TOPSIS Tools for Small and Medium-sized Enterprises

Authors

Edition

Karviná, The 5th International conference on Decision making for Small and Medium-Sized Enterprises, p. 101-110, 10 pp. 2025

Publisher

Silesian University in Opava, School of Business Administration in Karviná

Other information

Language

English

Type of outcome

Proceedings paper

Field of Study

10102 Applied mathematics

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

Publication form

electronic version available online

References:

Organization unit

School of Business Administration in Karvina

ISBN

978-80-7510-610-0

Keywords in English

multicriteria decision-making; TOPSIS; small and medium-sized enterprises; software tool

Tags

International impact, Reviewed
Changed: 15/1/2026 10:01, Ing. Zuzana Neničková, Ph.D.

Abstract

In the original language

The Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) is a widely used multicriteria decision-making method. However, small and medium-sized enterprises (SMEs) often face challenges in accessing user-friendly and cost-effective TOPSIS software tools. This study provides an overview of available free software solutions that support TOPSIS, with a focus on their usability and applicability for SMEs. The research was conducted by systematically searching online sources for free TOPSIS tools. The key findings indicate a limited number of user-friendly software options, which may hinder the adoption of TOPSIS in SME decision-making processes. As a result, this study presents a structured review of the available tools and highlights their advantages and limitations. The findings emphasize the need for more accessible and intuitive TOPSIS software solutions. Additionally, the study may serve as an impetus for the development of a new, freely available online TOPSIS tool tailored to the needs of SMEs.