Abstract The improvement in thermal performance of fluid and the control of energy loss are equitably significant. Therefore, the purpose of this study is to analyze entropy generation, stagnation point flow, and thermal characteristics of non-Newtonian third-grade modified hybrid nanofluid generated by a stretchable/shrinkable Riga plate in a porous medium with varying flow viscosity. In this analysis, a modification of hybrid nanofluid is considered by using pure water as a base fluid and three various nanomaterials (aluminium oxide, copper, and nickel) as nanoparticles in the characterization of heat transfer. Furthermore, the contribution of heat source/sink and viscous dissipation are accounted for in the model. The suited transformations are enforced to remodel the governing mathematical equations to produce ordinary differential equations that are conveniently tackled via spectral quasilinearization method (SQLM) along with the overlapping grid idea to yield numerical solutions. The preference of this approach over others has been justified through discussion of error bound theorems, residual and solution errors, computational time, and conditioning of matrices. The physical significance of disparate governing parameters on flow variables, velocity gradient, thermal rate, and entropy generation are scrutinized through graphs and tables. Crucial findings of the study include that temperature of the modified hybrid nanofluid enhances quickly (better thermal conductor) than temperature of single nanofluid, hybrid nanofluid, and conventional third-grade fluid for higher Biot number, variable viscosity, and heat source parameters. Mass suction enhances fluid flow and physical quantities of interest, but suppresses the fluid temperature. An increase in variable fluid viscosity, modified Hartmann number, and third-grade parameters enhances the wall drag coefficient while lowering the rate of heat transfer, and the opposite is true for porous media. More entropy is generated in the system by high variable fluid viscosity, suction, viscous dissipation, modified Hartman number, and non-Newtonian parameters. Owing to high velocity and temperature associated with modified hybrid nanoparticles, modified hybrid technology is recommended in enhancing the physical attributes of the fluid with minimal cost effects. In engineering and industrial point of view, this study can contribute significantly in thermal improvement of the working fluid.
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