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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Ganeshsree Selvachandran & Madhumangal Pal & Tahani A. Abdusalam Alhawari & Abdul Razak Salleh, 2018. "Interval-Valued Complex Fuzzy Sets and Its Application to the Malaysian Economy," International Journal of Fuzzy System Applications (IJFSA), IGI Global, vol. 7(1), pages 22-31, January.
    • Handle: RePEc:igg:jfsa00:v:7:y:2018:i:1:p:22-31
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