Since graphene, the ultra-thin carbon compound, gained popularity with its remark-able electrical capabilities, various two-dimensional (2D) van der Waals-type materials have come into focus. Investigation of the electrical and optical properties of materials at atomic scale is required to understand the unique electronic behavior brought on by quantum size effects. The development of optoelectronic devices with novel features is facilitated by an increased understanding of the properties of matter within the context of theoretical techniques. This thesis includes the investigation of the lithiated holey Mo8S12 structure through calculations based on density functional theory (DFT). Motivated by the recent experimental realization of holey structure of transition metal dichalcogenides (TMDs), in this thesis, the holey structure of Mo8S12 is investigated by means of DFT-based calculations. The geometry optimization and phonon band dispersion calculations show the structural and dynamical stability of free-standing holey single-layer Mo8S12. In addition, electronic band dispersions reveal the direct band gap semiconducting nature of the structure. In order to investigate the lithiation capacity of single-layer Mo8S12, effect of Li doping on the properties of Mo8S12 is analyzed by considering both one- and double-sided lithiation. As one surface of single-layer Mo8S12 is fully saturated with Li atoms, a dynamically stable half-metallic structure is formed. The corresponding electronic band structures reveals the metallic behavior of the two-side lithiated single-layer. Overall, tunable electronic properties of single-layer holey Mo8S12 via lithiation makes it suitable candidate for various nanoelectronic applications, such as memories, capacitors, gate insulators, energy storage, high-frequency modulation in communication devices.