Interval-Valued Complex Fuzzy Sets and Its Application to the Malaysian Economy

Ganeshsree Selvachandran, Madhumangal Pal, Tahani A. Abdusalam Alhawari and Abdul Razak Salleh
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Ganeshsree Selvachandran: Department of Actuarial Science and Applied Statistics, UCSI University, Cheras, Malaysia
Madhumangal Pal: Department of Applied Mathematics, Vidyasagar University, Medinipur, India
Tahani A. Abdusalam Alhawari: Faculty of Science and Technology, Universiti Kebangsaan Malaysia, Bangi, Malaysia
Abdul Razak Salleh: School of Mathematical Sciences, Universiti Kebangsaan Malaysia, Bangi, Malaysia

International Journal of Fuzzy System Applications (IJFSA), 2018, vol. 7, issue 1, 22-31

Abstract: In this article, the authors introduce two new operations for the interval-valued complex fuzzy set model, and study the fundamental algebraic properties of these new operations. The utility and applicability of the relations of this model is then demonstrated by applying it to an economics problem. The interpretation of this example is provided and supported by real-life incidences that took place in the Malaysian economy in recent years. Lastly, a brief comparative analysis of the IV-CFS model and other similar models are presented.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jfsa00:v:7:y:2018:i:1:p:22-31

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