After a little research I found a great article [1], which provides a good overview to what I asked above in Figure 2. Summarising in a table:
Method |
effort |
reliability |
system size |
Interatomic potentials |
high |
high/low* |
$10^8$ |
Linear-scaling DFT |
high |
medium-high |
$10^6$ |
Tight binding |
high |
medium-high |
$10^6$ |
LDA DFT |
low |
medium-low |
$10^3$ |
GGA DFT |
low |
medium |
$10^3$ |
GGA+U DFT |
low |
medium-high |
$10^3$ |
Hybrid DFT |
low |
high |
$10^2$ |
GW |
high |
high |
$10^1$ |
* high for geometries and energetics, but low for excited states
or the dielectric function
where effort refers to the manual effort from the researcher, reliability gives the reliability of the method and system size is the typical system size in the number of atoms. In the table I am providing a condensed (and maybe biased) overview, focusing on properties such as geometry, energetics, dielectric function, excited states or bandgap. See [1] for the full details.
References
[1] K. T. Butler, J. M. Frost, J. M. Skelton, K. L. Svane and
A. Walsh. Chem. Soc. Rev., 2016, 45, 6138. DOI 10.1039/c5cs00841g