Numerical algorithms and mathematical methods are regularly used in the commodities and stock markets. However, this so-called quantitative trading has been thus far limited to the paper markets, such as futures, swaps, and options, and excluded a large majority of the physical market....

Effectively managing food supply chains is critical for ensuring food security and safety. Identifying and prioritizing the criteria affecting food supply chain performance is imperative to manage uncertainty and avoid undesirable consequences in Supply Chain Management (SCM). This study aims to...

Ever since the basic Economic Order Quantity (EOQ) model was introduced, several researchers and academicians extended and/or altered it, to reduce its unrealistic assumptions and make it more suitable and appropriate to the real world. The traditional EOQ Models assume constant demand and...

The mining industry continues to play a significant role in developing the economy in developing countries. The need for minerals influences the magnitude of the mining industry, and safety concerns have taken on considerable importance in this sector. Equipment failure and breakdown will...

The Intuitionistic Fuzzy Set (IFS) is a powerful extension of Fuzzy Set (FS) used to handle vagueness and uncertainty. The correlation coefficient is an established tool for finding the strength of relationships between two IFSs. This study proposes a new approach for finding a correlation...

This study focuses on forming planar subgraphs in fuzzy graphs where the planarity value is not equal to 1. The paper commences by introducing the concepts of vertex-deletion (VD) and edge-deletion (ED) operations applied to fuzzy graphs. These operations aim to derive the fuzzy planar subgraphs...

This study aims to evaluate essential performance indicators of energy storage investments with a novel decision-making model. The first stage includes weighting the selected criteria with Spherical fuzzy TOPSIS-based DEMATEL, called TOP-DEMATEL. In the second stage, seven emerging countries are...

Topological relation between geographical objects is one of the key components of the Geographical Information System (GIS). Considering the objects to be exact with sharp boundaries, four intersection, and nine intersection matrices initiated the study of calculating the topological relations....

Entropy plays a vital role within fuzzy set theory as it quantifies the level of uncertainty present in the data. This study proposes a novel entropy measure tailored for Picture Fuzzy Sets (PIFS). This entropy measure is formulated based on the axioms developed for PIFS entropy, ensuring its...

Groundwater recharge is crucial in developing groundwater sources in an area for regional growth. One of the essential natural water resources is groundwater, which differs geographically in quality and amount. Groundwater resources are under great strain due to growing urbanization and...