Income equality plays a fundamental role in ensuring sustainable development and social welfare globally. The increase in economic inequality threatens not only the living standards between individuals but also societal harmony and economic stability. In many developed and developing countries, injustices in income distribution exacerbate social tensions and negatively affect long-term economic growth. This study introduces a novel multi-criteria decision-making framework based on interval-valued intuitionistic fuzzy neutrosophic sets (IVIFNSs) to evaluate and compare income equality across selected Organisation for Economic Co-operation and Development (OECD) countries. The IVIFNS model improves traditional fuzzy systems by representing truth, indeterminacy, and falsity degrees with interval-valued intuitionistic fuzzy values, offering a more nuanced approach to uncertainty. Algebraic operations are defined using triangular-norms and triangular-conorms, and new aggregation operators are developed. The proposed theory is applied to rank 25 OECD countries based on key income inequality indicators: Gini coefficient, Palma ratio, P90/P10, and P90/P50, using the Weighted Aggregated Sum Product Assessment (WASPAS) method. A comparative analysis demonstrates the method’s effectiveness in capturing complex, uncertain data and producing robust country rankings for policy evaluation.
interval-valued intuitionistic fuzzy neutrosophic set WASPAS multi-criteria decision-making income equality
| Primary Language | English |
|---|---|
| Subjects | Mathematical Logic, Set Theory, Lattices and Universal Algebra, Operations Research İn Mathematics |
| Journal Section | Articles |
| Authors | |
| Publication Date | June 30, 2025 |
| Submission Date | April 16, 2025 |
| Acceptance Date | June 11, 2025 |
| Published in Issue | Year 2025 Volume: 17 Issue: 1 |