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New aspects of the adaptive synchronization and hyperchaos suppression of a financial model

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  • Jajarmi, Amin
  • Hajipour, Mojtaba
  • Baleanu, Dumitru

Abstract

This paper mainly focuses on the analysis of a hyperchaotic financial system as well as its chaos control and synchronization. The phase diagrams of the above system are plotted and its dynamical behaviours like equilibrium points, stability, hyperchaotic attractors and Lyapunov exponents are investigated. In order to control the hyperchaos, an efficient optimal controller based on the Pontryagin’s maximum principle is designed and an adaptive controller established by the Lyapunov stability theory is also implemented. Furthermore, two identical financial models are globally synchronized by using an interesting adaptive control scheme. Finally, a fractional economic model is introduced which can also generate hyperchaotic attractors. In this case, a linear state feedback controller together with an active control technique are used in order to control the hyperchaos and realize the synchronization, respectively. Numerical simulations verifying the theoretical analysis are included.

Suggested Citation

  • Jajarmi, Amin & Hajipour, Mojtaba & Baleanu, Dumitru, 2017. "New aspects of the adaptive synchronization and hyperchaos suppression of a financial model," Chaos, Solitons & Fractals, Elsevier, vol. 99(C), pages 285-296.
    • Handle: RePEc:eee:chsofr:v:99:y:2017:i:c:p:285-296
    DOI: 10.1016/j.chaos.2017.04.025
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    References listed on IDEAS

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    3. Qijia Yao & Hadi Jahanshahi & Larissa M. Batrancea & Naif D. Alotaibi & Mircea-Iosif Rus, 2022. "Fixed-Time Output-Constrained Synchronization of Unknown Chaotic Financial Systems Using Neural Learning," Mathematics, MDPI, vol. 10(19), pages 1-14, October.
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    7. Sweilam, N.H. & AL - Mekhlafi, S.M. & Mohamed, D.G., 2021. "Novel chaotic systems with fractional differential operators: Numerical approaches," Chaos, Solitons & Fractals, Elsevier, vol. 142(C).
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    9. Tim Chen & Bunnitru Daleanu & J. C.-Y. Chen*, 2018. "On the Fractional Optimal Control Problems with Singular and Non–Singular Derivative Operators: A Mathematical Derive," Scientific Review, Academic Research Publishing Group, vol. 4(12), pages 95-98, 12-2018.
    10. Jahanshahi, Hadi & Yousefpour, Amin & Wei, Zhouchao & Alcaraz, Raúl & Bekiros, Stelios, 2019. "A financial hyperchaotic system with coexisting attractors: Dynamic investigation, entropy analysis, control and synchronization," Chaos, Solitons & Fractals, Elsevier, vol. 126(C), pages 66-77.
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