A New Ranking Approach for Interval Valued Intuitionistic Fuzzy Sets and its Application in Decision Making

Abstract

Ranking of interval valued intuitionistic fuzzy sets (IVIFSs) plays an important role because of its attraction and applicability to model uncertainty in real life problems. In this article, an attempt has been made to devise a new method for ranking of IVIFSs based on exponential function. The significance of the method is illustrated with the help of some numerical examples and the results are compared with other existing methods. Furthermore, a multi criteria decision making method is presented here to evaluate the final ranking of the alternatives using the proposed ranking method and discussed the consistency of so obtained results.