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Series solutions of non-linear Riccati differential equations with fractional order

Author

Listed:
  • Cang, Jie
  • Tan, Yue
  • Xu, Hang
  • Liao, Shi-Jun

Abstract

In this paper, based on the homotopy analysis method (HAM), a new analytic technique is proposed to solve non-linear Riccati differential equation with fractional order. Different from all other analytic methods, it provides us with a simple way to adjust and control the convergence region of solution series by introducing an auxiliary parameter ℏ. Besides, it is proved that well-known Adomian’s decomposition method is a special case of the homotopy analysis method when ℏ=−1. This work illustrates the validity and great potential of the homotopy analysis method for the non-linear differential equations with fractional order. The basic ideas of this approach can be widely employed to solve other strongly non-linear problems in fractional calculus.

Suggested Citation

  • Cang, Jie & Tan, Yue & Xu, Hang & Liao, Shi-Jun, 2009. "Series solutions of non-linear Riccati differential equations with fractional order," Chaos, Solitons & Fractals, Elsevier, vol. 40(1), pages 1-9.
    • Handle: RePEc:eee:chsofr:v:40:y:2009:i:1:p:1-9
    DOI: 10.1016/j.chaos.2007.04.018
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    References listed on IDEAS

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    1. Song-Ping Zhu, 2006. "An exact and explicit solution for the valuation of American put options," Quantitative Finance, Taylor & Francis Journals, vol. 6(3), pages 229-242.
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    Cited by:

    1. Xu, Hang, 2023. "A generalized analytical approach for highly accurate solutions of fractional differential equations," Chaos, Solitons & Fractals, Elsevier, vol. 166(C).
    2. Abdelfattah Mustafa & Reda S. Salama & Mokhtar Mohamed, 2023. "Analysis of Generalized Nonlinear Quadrature for Novel Fractional-Order Chaotic Systems Using Sinc Shape Function," Mathematics, MDPI, vol. 11(8), pages 1-17, April.
    3. Jim Gatheral & Radoš Radoičić, 2019. "Rational Approximation Of The Rough Heston Solution," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-19, May.
    4. Navickas, Z. & Telksnys, T. & Marcinkevicius, R. & Ragulskis, M., 2017. "Operator-based approach for the construction of analytical soliton solutions to nonlinear fractional-order differential equations," Chaos, Solitons & Fractals, Elsevier, vol. 104(C), pages 625-634.
    5. Bota, Constantin & Căruntu, Bogdan, 2017. "Analytical approximate solutions for quadratic Riccati differential equation of fractional order using the Polynomial Least Squares Method," Chaos, Solitons & Fractals, Elsevier, vol. 102(C), pages 339-345.
    6. Fathy, Mohamed & Abdelgaber, K.M., 2022. "Approximate solutions for the fractional order quadratic Riccati and Bagley-Torvik differential equations," Chaos, Solitons & Fractals, Elsevier, vol. 162(C).
    7. Hallaji, Majid & Dideban, Abbas & Khanesar, Mojtaba Ahmadieh & kamyad, Ali vahidyan, 2018. "Optimal synchronization of non-smooth fractional order chaotic systems with uncertainty based on extension of a numerical approach in fractional optimal control problems," Chaos, Solitons & Fractals, Elsevier, vol. 115(C), pages 325-340.
    8. S. Balaji, 2014. "Legendre Wavelet Operational Matrix Method for Solution of Riccati Differential Equation," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2014, pages 1-10, June.
    9. Siow Woon Jeng & Adem Kilicman, 2020. "Series Expansion and Fourth-Order Global Padé Approximation for a Rough Heston Solution," Mathematics, MDPI, vol. 8(11), pages 1-26, November.

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