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This paper enumerates the development and modifications of VIKOR (Vise Kriterijumska Optimizacija I Kompromisno Resenje) Model in different fields. We primarily focus on the growth and advancements of VIKOR model throughout the past four decades starting from 1973.VIKOR model has been frequently applied in multi criteria decision making problems. Further, we discuss the various recent progressions of VIKOR especially with reference to fuzzy set theory.