A Novel Approach to Model the Economic Characteristics of an Organization by Interval-Valued Complex Pythagorean Fuzzy Information

Hawraa Akram Yazbek; Fatima Surriya; Sami Ullah Khan; Naeem Jan; Dragan  Marinkovic

doi:10.47852/bonviewJCCE2202249

Authors

Hawraa Akram Yazbek Doctoral School of Mathematics and Informatics, University of Bordeaux, France
Fatima Surriya Department of Mathematics, Gomal University, Pakistan
Sami Ullah Khan Department of Mathematics, Gomal University, Pakistan
Naeem Jan Department of Mathematics, Gomal University, Pakistan
Dragan Marinkovic Department of Structural Analysis, Technische Universität Berlin, Germany and Department of Transport and Logistics, University of Nis, Serbia

DOI:

https://doi.org/10.47852/bonviewJCCE2202249

Keywords:

interval-valued complex Pythagorean fuzzy set, interval-valued complex Pythagorean fuzzy relation, economics, GDP, Hasse diagram

Abstract

The success of a nation mainly depends on its economic power. The economic growth plays an important place in enhancing the caliber of life as it produces job opportunities. In this research, the effect of uncertainty on economic growth and investments is examined with gross domestic product (GDP). Currently, the relationship between financial market and economic growth is one of the most important issues in economics. These departments are often accompanied by uncertainty. Through that regard, the idea of interval-valued complex Pythagorean fuzzy relation (IVCPFR) is introduced that is handy in such situations. Moreover, the Cartesian product between interval-valued complex Pythagorean fuzzy sets and verities of IVCPFRs was described. Furthermore, these IVCPFRs are applied to analyze GDP, unemployment, price, demand, supply, interest rate, investment, and money supply effecting business markets. The possibility of the Hasse diagram is more suitable to make sense of the relationship between various economic factors. IVCPFRs will clearly help to set up the impact of one component on the other and change the grades of supportive and distinctive outcomes concerning the time. IVCPFR is used for tracking various multidimensional issues and produces quick and better outcomes rather than the previous methodologies. Finally, the proposed method is the best method to model uncertainty in economics rather than previous methods.

Received: 12 May 2022 | Revised: 12 August 2022 | Accepted: 17 August 2022

Conflicts of Interest

The authors declare that they have no conflicts of interest to this work.