Assessing the triage and efficacy of strategies of SAARC to improve regional integrity of South Asia using multicriteria group decision making under q-rung orthopair hesitant fuzzy environment

Souvik Gayen, Debamitra Banerjee, Arun Sarkar and Animesh Biswas

Socio-Economic Planning Sciences, 2024, vol. 91, issue C

Abstract: The South Asian Association for Regional Cooperation (SAARC) plays a crucial role in fostering regional integration and cooperation among the countries of South Asia. However, the organization faces various challenges in achieving its objectives due to the complex and dynamic nature of the region. This study aims to assess the triage and efficacy of strategies employed by SAARC in pursuit of regional integrity in South Asia, using a Multi-Criteria Group Decision Making (MCGDM) technique. The assessment process involves several uncertainties which are resolved using q-rung orthopair hesitant fuzzy (q-ROHF) set. A distance measure is developed for q-ROHF sets and is applied to find the best strategy among six well known strategies, viz., SAARC Agreement on Trade in Services (SATIS), SAARC Development Fund (SDF), Establishment of South Asian University (SAU), SAARC Arbitration Council (SARCO), South Asian Preferential Trade Agreement (SAPTA) and South Asian Free Trade Area (SAFTA) through SWARA-TOPSIS based MCGDM technique. The MCGDM method is updated by developing several aggregation operators, viz., Archimedean q-ROHF weighted average, q-ROHF Einstein weighted average, q-ROHF Hamacher weighted average, q-ROHF Frank weighted average along with their geometric forms to combine decision makers’ individual decision. The result shows that the most effective strategy for the economic integration of SAARC is SDF; SATIS comes next as best strategy for economic integration of SAARC. The study reveals that SAU has least impact on the regional economic integration of SAARC. The achieved results reveals the age old proverb that “play on the stomach and sit on the back” – the members of SAARC who are by nature economically poor can afford to take initiative for a successful effective regionalization if it is planned to bring socio economic development of themselves.

Keywords: q-rung orthopair hesitant fuzzy set; SWARA-TOPSIS; Multi-criteria group decision making; SDF; SATIS; SAFTA (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:91:y:2024:i:c:s0038012123002781

DOI: 10.1016/j.seps.2023.101766

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