A parametric similarity measure for neutrosophic set and its applications in energy production

As a useful tool for managing ambiguous and inconsistent data, the Single Value Neutrosophic Set (SVNSs) is an extension of both Fuzzy Sets (FSs) and Intuitionistic Fuzzy Sets (IFSs). In the field of information theory, metrics like similarity, entropy, and distance are important. Although a number of entropy measures for SVNSs have been put forth and used in real-world situations, both academic research and real-world applications have pointed out certain drawbacks. Additionally, the Similarity Measures (SMs) is a useful instrument for determining how similar any two fuzzy values are to one another. The distance between the values allows the current SMs to evaluate the similarity. However, due to a few characteristics and intricate value operations, there are irrational and nonsensical cases. To deal with these preposterous cases, this paper proposed a parametric similarity measure in view of three parameters $$ in which decision makers can obtain the appropriate SMs by changing parameters with different decision styles. Furthermore, we analyze some existing SMs from a mathematical perspective and demonstrate the success of the proposed SMs using mathematical models. Ultimately, we apply the suggested SMs to resolve the Multi-Attribute Decision-Making (MADM) problems. We learn from the correlation and analysis that the suggested SM outperforms certain other SMs that are based on the SVNSs.