IDEAS home Printed from https://ideas.repec.org/a/eee/chsofr/v122y2019icp32-46.html
   My bibliography  Save this article

A fractional model for the dynamics of competition between commercial and rural banks in Indonesia

Author

Listed:
  • Fatmawati,
  • Khan, Muhammad Altaf
  • Azizah, Muftiyatul
  • Windarto,
  • Ullah, Saif

Abstract

In the present paper, we propose a mathematical model that describes the dynamics of competition between commercial and rural banks in Indonesia through two different fractional operators Atangana-Baleanu and Caputo. We present a parameter estimation of the Lotka–Volterra competition model by using the genetic algorithm method. Parameter estimation is done based on annual profit data of commercial and rural banks in Indonesia. The estimation results capable to predict the profit of commercial and rural banks every year which is not much different from the real data. Next, the competition model between commercial and rural banks in Indonesia is explored in the fractional sense of Atangana–Baleanu and Caputo derivative. The fractional model is examined through the Atangana–Baleanu and Caputo fractional derivative and present the results. A recent numerical procedure is used to obtain the graphical results using various values of the fractional order parameter for the dynamics of the model. A comparison of both the operators for various values of the fractional order parameters are given. We discussed briefly the results and then summarized briefly in section conclusion.

Suggested Citation

  • Fatmawati, & Khan, Muhammad Altaf & Azizah, Muftiyatul & Windarto, & Ullah, Saif, 2019. "A fractional model for the dynamics of competition between commercial and rural banks in Indonesia," Chaos, Solitons & Fractals, Elsevier, vol. 122(C), pages 32-46.
    • Handle: RePEc:eee:chsofr:v:122:y:2019:i:c:p:32-46
    DOI: 10.1016/j.chaos.2019.02.009
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960077919300694
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.chaos.2019.02.009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lakka, Spyridoula & Michalakelis, Christos & Varoutas, Dimitris & Martakos, Draculis, 2013. "Competitive dynamics in the operating systems market: Modeling and policy implications," Technological Forecasting and Social Change, Elsevier, vol. 80(1), pages 88-105.
    2. Fatmawati & Endrik Mifta Shaiful & Mohammad Imam Utoyo, 2018. "A Fractional-Order Model for HIV Dynamics in a Two-Sex Population," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2018, pages 1-11, April.
    3. Aliyu, Aliyu Isa & Inc, Mustafa & Yusuf, Abdullahi & Baleanu, Dumitru, 2018. "A fractional model of vertical transmission and cure of vector-borne diseases pertaining to the Atangana–Baleanu fractional derivatives," Chaos, Solitons & Fractals, Elsevier, vol. 116(C), pages 268-277.
    4. Ullah, Saif & Altaf Khan, Muhammad & Farooq, Muhammad, 2018. "A fractional model for the dynamics of TB virus," Chaos, Solitons & Fractals, Elsevier, vol. 116(C), pages 63-71.
    5. Javidi, Mohammad & Ahmad, Bashir, 2015. "Dynamic analysis of time fractional order phytoplankton–toxic phytoplankton–zooplankton system," Ecological Modelling, Elsevier, vol. 318(C), pages 8-18.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kamal, F.M. & Elsonbaty, A. & Elsaid, A., 2021. "A novel fractional nonautonomous chaotic circuit model and its application to image encryption," Chaos, Solitons & Fractals, Elsevier, vol. 144(C).
    2. Dutta, Maitreyee & Roy, Binoy Krishna, 2020. "A new fractional-order system displaying coexisting multiwing attractors; its synchronisation and circuit simulation," Chaos, Solitons & Fractals, Elsevier, vol. 130(C).
    3. Vázquez-Guerrero, P. & Gómez-Aguilar, J.F. & Santamaria, F. & Escobar-Jiménez, R.F., 2019. "Synchronization patterns with strong memory adaptive control in networks of coupled neurons with chimera states dynamics," Chaos, Solitons & Fractals, Elsevier, vol. 128(C), pages 167-175.
    4. Li, Zhongfei & Liu, Zhuang & Khan, Muhammad Altaf, 2020. "Fractional investigation of bank data with fractal-fractional Caputo derivative," Chaos, Solitons & Fractals, Elsevier, vol. 131(C).
    5. Al-khedhairi, A. & Elsadany, A.A. & Elsonbaty, A., 2019. "Modelling immune systems based on Atangana–Baleanu fractional derivative," Chaos, Solitons & Fractals, Elsevier, vol. 129(C), pages 25-39.
    6. Kumar, Sunil & Chauhan, R.P. & Momani, Shaher & Hadid, Samir, 2021. "A study of fractional TB model due to mycobacterium tuberculosis bacteria," Chaos, Solitons & Fractals, Elsevier, vol. 153(P2).
    7. Wang, Wanting & Khan, Muhammad Altaf & Fatmawati, & Kumam, P. & Thounthong, P., 2019. "A comparison study of bank data in fractional calculus," Chaos, Solitons & Fractals, Elsevier, vol. 126(C), pages 369-384.
    8. Boudaoui, Ahmed & El hadj Moussa, Yacine & Hammouch, Zakia & Ullah, Saif, 2021. "A fractional-order model describing the dynamics of the novel coronavirus (COVID-19) with nonsingular kernel," Chaos, Solitons & Fractals, Elsevier, vol. 146(C).
    9. Ishtiaq Ali & Sami Ullah Khan, 2023. "A Dynamic Competition Analysis of Stochastic Fractional Differential Equation Arising in Finance via Pseudospectral Method," Mathematics, MDPI, vol. 11(6), pages 1-16, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Wanting & Khan, Muhammad Altaf & Fatmawati, & Kumam, P. & Thounthong, P., 2019. "A comparison study of bank data in fractional calculus," Chaos, Solitons & Fractals, Elsevier, vol. 126(C), pages 369-384.
    2. Li, Zhongfei & Liu, Zhuang & Khan, Muhammad Altaf, 2020. "Fractional investigation of bank data with fractal-fractional Caputo derivative," Chaos, Solitons & Fractals, Elsevier, vol. 131(C).
    3. Qureshi, Sania & Atangana, Abdon, 2020. "Fractal-fractional differentiation for the modeling and mathematical analysis of nonlinear diarrhea transmission dynamics under the use of real data," Chaos, Solitons & Fractals, Elsevier, vol. 136(C).
    4. Pritam, Kocherlakota Satya & Sugandha, & Mathur, Trilok & Agarwal, Shivi, 2021. "Underlying dynamics of crime transmission with memory," Chaos, Solitons & Fractals, Elsevier, vol. 146(C).
    5. Ahmed Alsaedi & Amjad F. Albideewi & Sotiris K. Ntouyas & Bashir Ahmad, 2020. "On Caputo–Riemann–Liouville Type Fractional Integro-Differential Equations with Multi-Point Sub-Strip Boundary Conditions," Mathematics, MDPI, vol. 8(11), pages 1-14, October.
    6. Mercure, Jean-François, 2018. "Fashion, fads and the popularity of choices: Micro-foundations for diffusion consumer theory," Structural Change and Economic Dynamics, Elsevier, vol. 46(C), pages 194-207.
    7. Dutta, Amitava & Puvvala, Abhinay & Roy, Rahul & Seetharaman, Priya, 2017. "Technology diffusion: Shift happens — The case of iOS and Android handsets," Technological Forecasting and Social Change, Elsevier, vol. 118(C), pages 28-43.
    8. Qureshi, Sania & Yusuf, Abdullahi, 2019. "Mathematical modeling for the impacts of deforestation on wildlife species using Caputo differential operator," Chaos, Solitons & Fractals, Elsevier, vol. 126(C), pages 32-40.
    9. Ishtiaq Ali & Sami Ullah Khan, 2023. "A Dynamic Competition Analysis of Stochastic Fractional Differential Equation Arising in Finance via Pseudospectral Method," Mathematics, MDPI, vol. 11(6), pages 1-16, March.
    10. Liang, Yuqin & Jia, Yunfeng, 2022. "Stability and Hopf bifurcation of a diffusive plankton model with time-delay and mixed nonlinear functional responses," Chaos, Solitons & Fractals, Elsevier, vol. 163(C).
    11. Bashir Ahmad & Madeaha Alghanmi & Ahmed Alsaedi & Hari M. Srivastava & Sotiris K. Ntouyas, 2019. "The Langevin Equation in Terms of Generalized Liouville–Caputo Derivatives with Nonlocal Boundary Conditions Involving a Generalized Fractional Integral," Mathematics, MDPI, vol. 7(6), pages 1-10, June.
    12. Syed Ali, M. & Narayanan, Govindasamy & Shekher, Vineet & Alsulami, Hamed & Saeed, Tareq, 2020. "Dynamic stability analysis of stochastic fractional-order memristor fuzzy BAM neural networks with delay and leakage terms," Applied Mathematics and Computation, Elsevier, vol. 369(C).
    13. Lifan Chen & Xingwang Yu & Sanling Yuan, 2022. "Effects of Random Environmental Perturbation on the Dynamics of a Nutrient–Phytoplankton–Zooplankton Model with Nutrient Recycling," Mathematics, MDPI, vol. 10(20), pages 1-23, October.
    14. Ahmed Alsaedi & Bashir Ahmad & Madeaha Alghanmi & Sotiris K. Ntouyas, 2019. "On a Generalized Langevin Type Nonlocal Fractional Integral Multivalued Problem," Mathematics, MDPI, vol. 7(11), pages 1-13, October.
    15. Kumar, Sunil & Chauhan, R.P. & Momani, Shaher & Hadid, Samir, 2021. "A study of fractional TB model due to mycobacterium tuberculosis bacteria," Chaos, Solitons & Fractals, Elsevier, vol. 153(P2).
    16. Singhal, Shakshi & Anand, Adarsh & Singh, Ompal, 2020. "Studying dynamic market size-based adoption modeling & product diffusion under stochastic environment," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    17. Muthaiah Subramanian & Jehad Alzabut & Mohamed I. Abbas & Chatthai Thaiprayoon & Weerawat Sudsutad, 2022. "Existence of Solutions for Coupled Higher-Order Fractional Integro-Differential Equations with Nonlocal Integral and Multi-Point Boundary Conditions Depending on Lower-Order Fractional Derivatives and," Mathematics, MDPI, vol. 10(11), pages 1-19, May.
    18. Pao, Hsiao-Tien & Chen, Haipeng (Allan) & Li, Yi-Ying, 2015. "Competitive dynamics of energy, environment, and economy in the U.S," Energy, Elsevier, vol. 89(C), pages 449-460.
    19. Abdeljawad, Thabet & Atangana, Abdon & Gómez-Aguilar, J.F. & Jarad, Fahd, 2019. "On a more general fractional integration by parts formulae and applications," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 536(C).
    20. Naik, Parvaiz Ahmad & Zu, Jian & Owolabi, Kolade M., 2020. "Global dynamics of a fractional order model for the transmission of HIV epidemic with optimal control," Chaos, Solitons & Fractals, Elsevier, vol. 138(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:chsofr:v:122:y:2019:i:c:p:32-46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thayer, Thomas R. (email available below). General contact details of provider: https://www.journals.elsevier.com/chaos-solitons-and-fractals .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.