An ExpTODIM-GRA based multiple attribute group decision-making method for development level evaluation of digital inclusive finance under intuitionistic fuzzy circumstances

Article type: Research Article

Authors: Deng, Yu^{a; *} | Zhang, Wenxia^b

Affiliations: [a] Institute of International Education, Henan University of Animal Husbandry and Economy, Zhengzhou, Henan, China | [b] School of Finance and Accounting, Henan University of Animal Husbandry and Economy, Zhengzhou, Henan, China

Correspondence: [*] Corresponding author. Yu Deng, Institute of International Education, Henan University of Animal Husbandry and Economy, Zhengzhou, 450044, Henan, China. E-mail: 81711@hnuahe.edu.cn.

Abstract: In recent years, due to the rapid development of internet technology, the integration process of digital technology and financial services has accelerated. Digital Financial inclusion has emerged as the times require, becoming an important force to promote private enterprises to get out of financing difficulties. The development level evaluation of digital inclusive finance is a classical multiple attribute group decision making (MAGDM) problems. Recently, Recently, the Exponential TODIM(ExpTODIM) and (grey relational analysis) GRA method has been used to cope with MAGDM issues. The intuitionistic fuzzy sets (IFSs) are used as a tool for characterizing uncertain information during the development level evaluation of digital inclusive finance. In this paper, the intuitionistic fuzzy Exponential TODIM-GRA (IF-ExpTODIM-GRA) method is built to solve the MAGDM under IFSs. In the end, a numerical case study for development level evaluation of digital inclusive finance is supplied to validate the proposed method. The main contributions of this paper are outlined: (1) the ExpTODIM and GRA method has been extended to IFSs; (2) Information Entropy is used to derive weight under IFSs. (3) the IF-ExpTODIM-GRA method is founded to solve the MAGDM under IFSs; (4) a numerical case study for development level evaluation of digital inclusive finance and some comparative analysis are supplied to validate the proposed method.

Keywords: Multiple attribute group decision making (MAGDM), intuitionistic fuzzy sets (IFSs), ExpTODIM, GRA, digital inclusive finance

DOI: 10.3233/JIFS-234827

Journal: Journal of Intelligent & Fuzzy Systems, vol. 45, no. 6, pp. 10661-10673, 2023