An ExpTODIM-EDAS-Based Multiple Attribute Group Decision-Making Framework for Supervision Effectiveness Evaluation of Small and Medium Sized Financial Institutions in Rural Areas Under Intuitionistic Fuzzy Circumstances

Abstract

The supervision effectiveness evaluation of small and medium sized (SMS) financial institutions in rural areas is a multiple attribute group decision making (MAGDM). Recently, Recently, the Exponential TODIM (ExpTODIM) and Evaluation Based on Distance from Average Solution (EDAS) technique has been employed to manage MAGDM issues. The intuitionistic fuzzy sets (IFSs) are employed as a tool for portraying uncertain information during the supervision effectiveness evaluation of SMS financial institutions in rural areas. In this work, the intuitionistic fuzzy number (IFN) Exponential TODIM-EDAS (IFN-ExpTODIM-EDAS) technique is cultivated to manage the MAGDM under IFSs. Finally, a numerical case study for supervision effectiveness evaluation of SMS financial institutions in rural areas is constructed to verify the IFN-ExpTODIM-EDAS technique. The main novelties of this work are managed: (1) the ExpTODIM and EDAS technique was extended to IFSs; (2) Information Entropy is employed to manage weight values under IFSs. (3) the IFN-ExpTODIM-EDAS technique is founded to manage the MAGDM under IFSs; (4) a numerical example for supervision effectiveness evaluation of SMS financial institutions in rural areas; (5) some comparative analysis is employed to verify the IFN-ExpTODIM-EDAS technique.