Hybrid MCDM method on pythagorean fuzzy set and its application

  • Rishikesh Chaurasiya Department of Mathematics, Jaypee University of Engineering and Technology, India
  • Divya Jain Department of Mathematics, Jaypee University of Engineering and Technology, India
Keywords: Pythagorean fuzzy set, decision-making, MEREC, SWARA, COPRAS, banking management software

Abstract

Here in this article, a hybrid MCDM method on the Pythagorean fuzzy-environment is presented. This method is based on the Pythagorean Fuzzy Method based on Removal Effects of Criterion (PF-MEREC) and Stepwise Weight Assessment Ratio Analysis (SWARA) approaches. Here, the objective and subjective weights are assessed by PF-MEREC, SWARA model and the preference order ranking of the various alternatives is done through Complex Proportional Assessment (COPRAS) framework on the Pythagorean fuzzy set (PFS). The proposed method is the hybrid model of MEREC, SWARA and COPRAS methods.  Further, the proposed model is used to identify the best banking management software (BMS) so that the bank can choose the robust bank management software tool to enhance its efficiency and excellence. Thereafter, a comparative discussion and sensitivity analysis of the proposed model is done with the existing techniques to judge the reasonability and efficiency of the proposed model.

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Published
2022-10-06
How to Cite
Rishikesh Chaurasiya, & Divya Jain. (2022). Hybrid MCDM method on pythagorean fuzzy set and its application. Decision Making: Applications in Management and Engineering. https://doi.org/10.31181/dmame0306102022c
Section
Regular articles