set up vs open

set up is not a noun while open is a noun.

Word	Noun	Adjective	Verb	Adverb
set up	No	No	Yes	No
open	Yes	Yes	Yes	No

As verbs, open is a hypernym of set up; that is, open is a word with a broader meaning than set up:

set up: set up or found
open: start to operate or function or cause to start operating or functioning

Other hypernyms of set up include open up.

set up (noun)	open (noun)
	information that has become public
	a tournament in which both professionals and amateurs may play
	a clear or unobstructed space or expanse of land or water
	where the air is unconfined

set up (adjective)	open (adjective)
	ready or willing to receive favorably
	affording unobstructed entrance and exit; not shut or closed
	affording free passage or access
	(set theory) of an interval that contains neither of its endpoints
	open and observable; not secret or hidden
	used of mouth or eyes
	ready for business
	not having been filled
	(of textures) full of small openings or gaps
	openly straightforward and direct without reserve or secretiveness
	not requiring union membership
	open to or in view of all
	possibly accepting or permitting
	without undue constriction as from e.g. tenseness or inhibition
	having no protecting cover or enclosure
	affording free passage or view
	with no protection or shield
	accessible to all
	not sealed or having been unsealed
	not brought to a conclusion; subject to further thought
	not defended or capable of being defended

set up (verb)	open (verb)
get ready for a particular purpose or event	make available
make ready or suitable or equip in advance for a particular purpose or for some use, event, etc	become available
equip with sails or masts	make the opening move
arrange thoughts, ideas, temporal events	cause to open or to become open
put into a proper or systematic order	become open
erect and fasten	spread out or open from a closed or folded state
set up for use	display the contents of a file or start an application as on a computer
place	afford access to
create by putting components or members together	start to operate or function or cause to start operating or functioning
construct, build, or erect	begin or set in action, of meetings, speeches, recitals, etc.
begin, or enable someone else to begin, a venture by providing the means, logistics, etc.	have an opening or passage or outlet
produce
take or catch as if in a snare or trap
arrange the outcome of by means of deceit
set up or found