Determination of the degree of relationship between Activity Cost and Financial Management in beef cattle production in a region of Peru, based on Indeterminate Likert Scale and Neutrosophic Similarity

Abstract

Activity Cost and Financial Management are two variables of vital importance in livestock production. This paper aims to measure the relationship existing between these two variables within the production of beef cattle in the Coto-Coto Chilca Livestock Fair in Peru. To do this, we selected 141 ranchers from the area to give their opinions regarding the behavior of these two variables. The data were represented with the help of an Indeterminate Likert Scale, to capture the uncertainty and indeterminacy of the respondents' opinion. Survey results were compared for the two variables using a measure of neutrosophic similarities. Neutrosophic similarities are used to measure the degree of similarity between two neutrosophic sets measured in certain aspects.

Keywords

• activity costs
• financial management
• profitability
• resource optimization
• indeterminate likert scale
• neutrosophic similarity measure
• triple refined indeterminate neutrosophic set
• refined neutrosophic set