Investment decision-making is often characterized by uncertainty and the subjective weighting of criteria. This study aims to develop a more robust decision support framework by integrating the Generalized Interval-Valued Hesitant Intuitionistic Fuzzy Soft Set (GIVHIFSS) with the Analytic Hierarchy Process (AHP) to objectively weight criteria and handle multi-evaluator hesitancy. In the proposed GIVHIFSS-AHP model, the AHP is employed to derive mathematically consistent criterion weights, which are subsequently embedded into the GIVHIFSS structure to accommodate interval-valued and hesitant evaluations from multiple decision-makers. The model is applied to a numerical case study evaluating five investment alternatives. Its performance is assessed through a comparative analysis with standard GIVHIFSS and GIFSS models, as well as a sensitivity analysis. The results indicate that the model produces financially rational rankings, identifying blue-chip technology stocks as the optimal choice (score: +2.4). The comparative analysis confirms its superiority over existing models, which yielded less-stable rankings. Moreover, the sensitivity analysis demonstrates the robustness of the results against minor perturbations in criterion weights. This research introduces a novel and synergistic integration of the AHP and GIVHIFSS. The key advantage of this approach lies in its ability to address the long-standing issue of arbitrary criterion weighting in Fuzzy Soft Set models by embedding the AHP as a foundational mechanism for ensuring validation and objectivity. This integration results in mathematically derived, consistent weights, thereby yielding empirically validated, more reliable, and defensible decision outcomes compared with existing models.
The main objective of this study is to forecast the future claims amount of Invalidity Pension Scheme (IPS). All data were derived from SOCSO annual reports from year 1972 - 2010. These claims consist of all claims amount from 7 benefits offered by SOCSO such as Invalidity Pension, Invalidity Grant, Survivors Pension, Constant Attendance Allowance, Rehabilitation, Funeral and Education. Prediction of future claims of Invalidity Pension Scheme will be made using Univariate Forecasting Models to predict the future claims among workforce in Malaysia.
Effective environmental sustainability decision-making requires the consideration of both positive and negative information, as well as the integration of weighting methods, to ensure decisions are accurate and representative of real-world conditions. This study presents a Systematic Literature Review (SLR) on the development of the Weighted Bipolar Fuzzy Soft Set (WBFSS) framework for environmental sustainability decision-making. Articles were retrieved from three databases: Scopus, ScienceDirect, and Dimensions. The screening process adhered to PRISMA 2020 guidelines and identified 27 relevant articles. VOSviewer was subsequently used to conduct a bibliometric analysis, mapping keyword co-occurrences and the structural landscape of research topics. The analysis examined the evolution of Bipolar Fuzzy Soft Set (BFSS) frameworks, their application domains, and the integration of weighting methods within BFSS and related Fuzzy Soft Set (FSS) frameworks. The review found that, although 11 studies addressed environmental sustainability applications, only three explicitly employed BFSS-based frameworks, indicating that the application of BFSS in this domain remains limited. Furthermore, the incorporation of explicit weighting techniques within BFSS remains scarce, particularly for objective, data-driven weighting approaches. These findings provide a comprehensive overview of current research trends, identify important methodological gaps, and support the conceptual development of the WBFSS framework as a direction for future research rather than an established decision-making framework. This study highlights opportunities to advance decision-support methods for environmental sustainability, which may support future climate-related and sustainability-oriented decision-making in the context of Sustainable Development Goal 13 (Climate Action).
The Employment Injury Scheme (EIS) provides protection to employees who are injured due to accidents whilst working, commuting from home to the work place or during employee takes a break during an authorized recess time or while travelling that is related with his work. The main purpose of this study is to forecast value on claims amount of EIS for the year 2011 until 2015 by using appropriate models. These models were tested on the actual EIS data from year 1972 until year 2010. Three different forecasting models are chosen for comparisons. These are the Naïve with Trend Model, Average Percent Change Model and Double Exponential Smoothing Model. The best model is selected based on the smallest value of error measures using the Mean Squared Error (MSE) and Mean Absolute Percentage Error (MAPE). From the result, the best model that best fit the forecast for the EIS is the Average Percent Change Model. Furthermore, the result also shows the claims amount of EIS for the year 2011 to year 2015 continue to trend upwards from year 2010.