IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0273642.html
   My bibliography  Save this article

Theoretical framework for a decision support system for micro-enterprise supermarket investment risk assessment using novel picture fuzzy hypersoft graph

Author

Listed:
  • Muhammad Saeed
  • Muhammad Imran Harl
  • Muhammad Haris Saeed
  • Ibrahim Mekawy

Abstract

Risk evaluation has always been of great interest for individuals wanting to invest in various businesses, especially in the marketing and product sale centres. A finely detailed evaluation of the risk factor can lead to better returns in terms of investment in a particular business. Considering this idea, this paper aims to evaluate the risk factor of investing in different nature of products in a supermarket for a better proportioning of investment based on the product’s sales. This is achieved using novel Picture fuzzy Hypersoft Graphs. Picture Fuzzy Hypersoft set (PFHSs) is employed in this technique, a hybrid structure of Picture Fuzzy set and Hypersoft Set. These structures work best for evaluating uncertainty using membership, non-membership, neutral, and multi-argument functions, making them ideal for Risk Evaluation studies. Also, the concept of the PFHS graph with the help of the PFHS set is introduced with some operations like the cartesian product, composition, union, direct product, and lexicographic product. This method presented in the paper provides new insight into product sale risk analysis with a pictorial representation of its associated factors.

Suggested Citation

  • Muhammad Saeed & Muhammad Imran Harl & Muhammad Haris Saeed & Ibrahim Mekawy, 2023. "Theoretical framework for a decision support system for micro-enterprise supermarket investment risk assessment using novel picture fuzzy hypersoft graph," PLOS ONE, Public Library of Science, vol. 18(3), pages 1-26, March.
    • Handle: RePEc:plo:pone00:0273642
    DOI: 10.1371/journal.pone.0273642
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0273642
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0273642&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0273642?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Tahir Mahmood & Ali Jaballah, 2020. "A Novel Approach towards Bipolar Soft Sets and Their Applications," Journal of Mathematics, Hindawi, vol. 2020, pages 1-11, October.
    2. G. Muhiuddin & A. M. Alanazi & A. R. Kannan & V. Govindan & Elena Guardo, 2021. "Preservation of the Classical Meanness Property of Some Graphs Based on Line Graph Operation," Journal of Mathematics, Hindawi, vol. 2021, pages 1-10, March.
    3. Cen Zuo & Anita Pal & Arindam Dey, 2019. "New Concepts of Picture Fuzzy Graphs with Application," Mathematics, MDPI, vol. 7(5), pages 1-18, May.
    4. G. Muhiuddin & N. Sridharan & D. Al-Kadi & S. Amutha & M. E. Elnair & Ismail Naci Cangul, 2021. "Reinforcement Number of a Graph with respect to Half-Domination," Journal of Mathematics, Hindawi, vol. 2021, pages 1-7, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sagvan Y Musa & Baravan A Asaad, 2024. "A progressive approach to multi-criteria group decision-making: N-bipolar hypersoft topology perspective," PLOS ONE, Public Library of Science, vol. 19(5), pages 1-26, May.
    2. Sagvan Y Musa, 2024. "N-bipolar hypersoft sets: Enhancing decision-making algorithms," PLOS ONE, Public Library of Science, vol. 19(1), pages 1-24, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Taiwo Olubunmi Sangodapo & Babatunde Oluwaseun Onasanya & Sarka Mayerova-Hoskova, 2021. "Decision-Making with Fuzzy Soft Matrix Using a Revised Method: A Case of Medical Diagnosis of Diseases," Mathematics, MDPI, vol. 9(18), pages 1-12, September.
    2. Sagvan Y. Musa & Baravan A. Asaad, 2021. "Bipolar Hypersoft Sets," Mathematics, MDPI, vol. 9(15), pages 1-15, August.
    3. Tahir Mahmood & Ubaid Ur Rehman & Abdul Jaleel & Jabbar Ahmmad & Ronnason Chinram, 2022. "Bipolar Complex Fuzzy Soft Sets and Their Applications in Decision-Making," Mathematics, MDPI, vol. 10(7), pages 1-19, March.
    4. Tahir Mahmood & Ubaid ur Rehman & Zeeshan Ali & Muhammad Aslam & Ronnason Chinram, 2022. "Identification and Classification of Aggregation Operators Using Bipolar Complex Fuzzy Settings and Their Application in Decision Support Systems," Mathematics, MDPI, vol. 10(10), pages 1-19, May.
    5. Mujab Waqar & Kifayat Ullah & Dragan Pamucar & Goran Jovanov & Ðordje Vranješ, 2022. "An Approach for the Analysis of Energy Resource Selection Based on Attributes by Using Dombi T-Norm Based Aggregation Operators," Energies, MDPI, vol. 15(11), pages 1-23, May.
    6. Zeeshan Ali & Tahir Mahmood & Gustavo Santos-García, 2021. "Heronian Mean Operators Based on Novel Complex Linear Diophantine Uncertain Linguistic Variables and Their Applications in Multi-Attribute Decision Making," Mathematics, MDPI, vol. 9(21), pages 1-37, October.
    7. Majed Albaity & Tahir Mahmood & Zeeshan Ali, 2023. "Impact of Machine Learning and Artificial Intelligence in Business Based on Intuitionistic Fuzzy Soft WASPAS Method," Mathematics, MDPI, vol. 11(6), pages 1-21, March.
    8. Shuker Khalil & Ahmed Hassan & Haya Alaskar & Wasiq Khan & Abir Hussain, 2021. "Fuzzy Logical Algebra and Study of the Effectiveness of Medications for COVID-19," Mathematics, MDPI, vol. 9(22), pages 1-12, November.
    9. Majed Albaity & Tahir Mahmood, 2022. "Medical Diagnosis and Pattern Recognition Based on Generalized Dice Similarity Measures for Managing Intuitionistic Hesitant Fuzzy Information," Mathematics, MDPI, vol. 10(15), pages 1-15, August.
    10. A. Rajesh Kannan & S. Murali Krishnan & Karuppusamy Loganathan & Nazek Alessa & M. Hymavathi, 2023. "Enhanced Effectiveness in Various Ladder Graphs Based on the F -Centroidal Meanness Criterion," Mathematics, MDPI, vol. 11(14), pages 1-10, July.
    11. Areeba Naseem & Kifayat Ullah & Maria Akram & Darko Božanić & Goran Ćirović, 2022. "Assessment of Smart Grid Systems for Electricity Using Power Maclaurin Symmetric Mean Operators Based on T-Spherical Fuzzy Information," Energies, MDPI, vol. 15(21), pages 1-25, October.
    12. Zeeshan Ali & Tahir Mahmood & Muhammad Aslam & Ronnason Chinram, 2021. "Another View of Complex Intuitionistic Fuzzy Soft Sets Based on Prioritized Aggregation Operators and Their Applications to Multiattribute Decision Making," Mathematics, MDPI, vol. 9(16), pages 1-29, August.
    13. Wei Liu & Youfa Sun & Serhat Yüksel & Hasan Dinçer, 2021. "Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-31, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0273642. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.