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Control of a fractional-order economical system via sliding mode

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  • Dadras, Sara
  • Momeni, Hamid Reza

Abstract

This paper deals with designing a sliding mode controller (SMC) for a fractional-order chaotic financial system. Using the sliding mode control technique, a sliding surface is determined. The sliding mode control law is derived to make the states of the fractional-order financial system asymptotically stable. The designed control scheme is robust against the system’s uncertainty and guarantees the property of asymptotical stability in the presence of an external disturbance. An illustrative simulation result is given to demonstrate the effectiveness of the proposed sliding mode control design.

Suggested Citation

  • Dadras, Sara & Momeni, Hamid Reza, 2010. "Control of a fractional-order economical system via sliding mode," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(12), pages 2434-2442.
    • Handle: RePEc:eee:phsmap:v:389:y:2010:i:12:p:2434-2442
    DOI: 10.1016/j.physa.2010.02.025
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    Cited by:

    1. 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.
    2. Chéagé Chamgoué, A. & Ngueuteu, G.S.M. & Yamapi, R. & Woafo, P., 2018. "Memory effect in a self-sustained birhythmic biological system," Chaos, Solitons & Fractals, Elsevier, vol. 109(C), pages 160-169.
    3. H. Norouzi Nav & M. R. Jahed Motlagh & A. Makui, 2017. "Robust controlling of chaotic behavior in supply chain networks," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(6), pages 711-724, June.
    4. Hajipour, Ahamad & Hajipour, Mojtaba & Baleanu, Dumitru, 2018. "On the adaptive sliding mode controller for a hyperchaotic fractional-order financial system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 497(C), pages 139-153.
    5. Baishya, Chandrali & Premakumari, R.N. & Samei, Mohammad Esmael & Naik, Manisha Krishna, 2023. "Chaos control of fractional order nonlinear Bloch equation by utilizing sliding mode controller," Chaos, Solitons & Fractals, Elsevier, vol. 174(C).
    6. Jahanshahi, Hadi & Yousefpour, Amin & Munoz-Pacheco, Jesus M. & Kacar, Sezgin & Pham, Viet-Thanh & Alsaadi, Fawaz E., 2020. "A new fractional-order hyperchaotic memristor oscillator: Dynamic analysis, robust adaptive synchronization, and its application to voice encryption," Applied Mathematics and Computation, Elsevier, vol. 383(C).
    7. Shirkavand, Mehrdad & Pourgholi, Mahdi, 2018. "Robust fixed-time synchronization of fractional order chaotic using free chattering nonsingular adaptive fractional sliding mode controller design," Chaos, Solitons & Fractals, Elsevier, vol. 113(C), pages 135-147.
    8. Naik, Manisha Krishna & Baishya, Chandrali & Veeresha, P., 2023. "A chaos control strategy for the fractional 3D Lotka–Volterra like attractor," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 211(C), pages 1-22.
    9. Harshavarthini, S. & Sakthivel, R. & Ma, Yong-Ki & Muslim, M., 2020. "Finite-time resilient fault-tolerant investment policy scheme for chaotic nonlinear finance system," Chaos, Solitons & Fractals, Elsevier, vol. 132(C).
    10. Gong, Xiao-Li & Liu, Xi-Hua & Xiong, Xiong, 2019. "Chaotic analysis and adaptive synchronization for a class of fractional order financial system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 522(C), pages 33-42.
    11. Jiang, Jingfei & Guirao, Juan Luis García & Chen, Huatao & Cao, Dengqing, 2019. "The boundary control strategy for a fractional wave equation with external disturbances," Chaos, Solitons & Fractals, Elsevier, vol. 121(C), pages 92-97.
    12. Zhou, Weigang & Huang, Chengdai & Xiao, Min & Cao, Jinde, 2019. "Hybrid tactics for bifurcation control in a fractional-order delayed predator–prey model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 515(C), pages 183-191.
    13. 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.
    14. Vasily E. Tarasov, 2019. "On History of Mathematical Economics: Application of Fractional Calculus," Mathematics, MDPI, vol. 7(6), pages 1-28, June.
    15. Deepika, Deepika & Kaur, Sandeep & Narayan, Shiv, 2018. "Uncertainty and disturbance estimator based robust synchronization for a class of uncertain fractional chaotic system via fractional order sliding mode control," Chaos, Solitons & Fractals, Elsevier, vol. 115(C), pages 196-203.
    16. Shi, Jianping & He, Ke & Fang, Hui, 2022. "Chaos, Hopf bifurcation and control of a fractional-order delay financial system," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 194(C), pages 348-364.
    17. Gao, Yuan & Liang, Chenghua & Wu, Qiqi & Yuan, Haiying, 2015. "A new fractional-order hyperchaotic system and its modified projective synchronization," Chaos, Solitons & Fractals, Elsevier, vol. 76(C), pages 190-204.
    18. Škovránek, Tomáš & Podlubny, Igor & Petráš, Ivo, 2012. "Modeling of the national economies in state-space: A fractional calculus approach," Economic Modelling, Elsevier, vol. 29(4), pages 1322-1327.
    19. Song Xu & Hui Lv & Heng Liu & Aijing Liu, 2019. "Robust Control of Disturbed Fractional-Order Economical Chaotic Systems with Uncertain Parameters," Complexity, Hindawi, vol. 2019, pages 1-13, October.
    20. Din Prathumwan & Wannika Sawangtong & Panumart Sawangtong, 2017. "An Analysis on the Fractional Asset Flow Differential Equations," Mathematics, MDPI, vol. 5(2), pages 1-17, June.
    21. Oscar Martínez-Fuentes & Fidel Meléndez-Vázquez & Guillermo Fernández-Anaya & José Francisco Gómez-Aguilar, 2021. "Analysis of Fractional-Order Nonlinear Dynamic Systems with General Analytic Kernels: Lyapunov Stability and Inequalities," Mathematics, MDPI, vol. 9(17), pages 1-29, August.

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