IDEAS home Printed from https://ideas.repec.org/a/hin/complx/2989204.html
   My bibliography  Save this article

Control Strategy for a Fractional-Order Chaotic Financial Model

Author

Listed:
  • Changjin Xu
  • Maoxin Liao
  • Peiluan Li
  • Qimei Xiao
  • Shuai Yuan

Abstract

In this article, based on the previous works, a new fractional-order financial model is put up. The chaotic behavior of the fractional-order financial model is suppressed by designing an appropriate controller. By choosing the delay as the bifurcation parameter, we establish the sufficient condition to guarantee the stability and the existence of Hopf bifurcation of fractional-order financial model. Also, the influence of the delay and the fractional order on the stability and the existence of Hopf bifurcation of fractional-order financial model is revealed. An example is given to confirm the effectiveness of the analysis results. The main findings of this article play an important role in maintaining economic stability.

Suggested Citation

  • Changjin Xu & Maoxin Liao & Peiluan Li & Qimei Xiao & Shuai Yuan, 2019. "Control Strategy for a Fractional-Order Chaotic Financial Model," Complexity, Hindawi, vol. 2019, pages 1-14, April.
    • Handle: RePEc:hin:complx:2989204
    DOI: 10.1155/2019/2989204
    as

    Download full text from publisher

    File URL: http://downloads.hindawi.com/journals/8503/2019/2989204.pdf
    Download Restriction: no
    File URL: http://downloads.hindawi.com/journals/8503/2019/2989204.xml
    Download Restriction: no
    File URL: https://libkey.io/10.1155/2019/2989204?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
    ---><---

    References listed on IDEAS

    as
    1. Huang, Chengdai & Cai, Liming & Cao, Jinde, 2018. "Linear control for synchronization of a fractional-order time-delayed chaotic financial system," Chaos, Solitons & Fractals, Elsevier, vol. 113(C), pages 326-332.
    2. Li, Mengmeng & Wang, JinRong, 2018. "Exploring delayed Mittag-Leffler type matrix functions to study finite time stability of fractional delay differential equations," Applied Mathematics and Computation, Elsevier, vol. 324(C), pages 254-265.
    3. Apostolos Serletis, 1996. "Is There Chaos in Economic Time Series?," Canadian Journal of Economics, Canadian Economics Association, vol. 29(s1), pages 210-212, April.
    4. Xuebing Zhang & Honglan Zhu, 2019. "Hopf Bifurcation and Chaos of a Delayed Finance System," Complexity, Hindawi, vol. 2019, pages 1-18, January.
    5. Son, Woo-Sik & Park, Young-Jai, 2011. "Delayed feedback on the dynamical model of a financial system," Chaos, Solitons & Fractals, Elsevier, vol. 44(4), pages 208-217.
    6. Chen, Wei-Ching, 2008. "Dynamics and control of a financial system with time-delayed feedbacks," Chaos, Solitons & Fractals, Elsevier, vol. 37(4), pages 1198-1207.
    7. Yiding Yue & Lei He & Guanchun Liu, 2013. "Modeling and Application of a New Nonlinear Fractional Financial Model," Journal of Applied Mathematics, Hindawi, vol. 2013, pages 1-9, November.
    8. Rongyan Zhang, 2012. "Bifurcation Analysis for a Kind of Nonlinear Finance System with Delayed Feedback and Its Application to Control of Chaos," Journal of Applied Mathematics, Hindawi, vol. 2012, pages 1-18, April.
    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. 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).

    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. Çalış, Yasemin & Demirci, Ali & Özemir, Cihangir, 2022. "Hopf bifurcation of a financial dynamical system with delay," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 201(C), pages 343-361.
    2. 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.
    3. Vasily E. Tarasov, 2019. "On History of Mathematical Economics: Application of Fractional Calculus," Mathematics, MDPI, vol. 7(6), pages 1-28, June.
    4. Ding, Yuting & Jiang, Weihua & Wang, Hongbin, 2012. "Hopf-pitchfork bifurcation and periodic phenomena in nonlinear financial system with delay," Chaos, Solitons & Fractals, Elsevier, vol. 45(8), pages 1048-1057.
    5. 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.
    6. Ruofeng Rao, 2019. "Global Stability of a Markovian Jumping Chaotic Financial System with Partially Unknown Transition Rates under Impulsive Control Involved in the Positive Interest Rate," Mathematics, MDPI, vol. 7(7), pages 1-15, June.
    7. Kui Liu & Michal Fečkan & D. O’Regan & JinRong Wang, 2019. "Hyers–Ulam Stability and Existence of Solutions for Differential Equations with Caputo–Fabrizio Fractional Derivative," Mathematics, MDPI, vol. 7(4), pages 1-14, April.
    8. Fanti, Luciano & Manfredi, Piero, 2007. "Chaotic business cycles and fiscal policy: An IS-LM model with distributed tax collection lags," Chaos, Solitons & Fractals, Elsevier, vol. 32(2), pages 736-744.
    9. Zhou, Wei & Zhong, Guang-Yan & Li, Jiang-Cheng, 2022. "Stability of financial market driven by information delay and liquidity in delay agent-based model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 600(C).
    10. Ravi Agarwal & Snezhana Hristova & Donal O’Regan, 2019. "Explicit Solutions of Initial Value Problems for Linear Scalar Riemann-Liouville Fractional Differential Equations With a Constant Delay," Mathematics, MDPI, vol. 8(1), pages 1-14, December.
    11. César Cruz-Díaz & Basilio del Muro-Cuéllar & Gonzalo Duchén-Sánchez & Juan Francisco Márquez-Rubio & Martín Velasco-Villa, 2022. "Observer-Based PID Control Strategy for the Stabilization of Delayed High Order Systems with up to Three Unstable Poles," Mathematics, MDPI, vol. 10(9), pages 1-17, April.
    12. Vsevolod G. Sorokin & Andrei V. Vyazmin, 2022. "Nonlinear Reaction–Diffusion Equations with Delay: Partial Survey, Exact Solutions, Test Problems, and Numerical Integration," Mathematics, MDPI, vol. 10(11), pages 1-39, May.
    13. Alsaedi, Ahmed & Cao, Jinde & Ahmad, Bashir & Alshehri, Ahmed & Tan, Xuegang, 2022. "Synchronization of master-slave memristive neural networks via fuzzy output-based adaptive strategy," Chaos, Solitons & Fractals, Elsevier, vol. 158(C).
    14. Li, Jiayan & Cao, Jinde & Liu, Heng, 2022. "State observer-based fuzzy echo state network sliding mode control for uncertain strict-feedback chaotic systems without backstepping," Chaos, Solitons & Fractals, Elsevier, vol. 162(C).
    15. Andrei D. Polyanin & Vsevolod G. Sorokin, 2023. "Exact Solutions of Reaction–Diffusion PDEs with Anisotropic Time Delay," Mathematics, MDPI, vol. 11(14), pages 1-19, July.
    16. Pang, Denghao & Jiang, Wei & Liu, Song & Jun, Du, 2019. "Stability analysis for a single degree of freedom fractional oscillator," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 523(C), pages 498-506.
    17. Ekaterina Madamlieva & Hristo Kiskinov & Milena Petkova & Andrey Zahariev, 2022. "On the Preservation with Respect to Nonlinear Perturbations of the Stability Property for Nonautonomous Linear Neutral Fractional Systems with Distributed Delays," Mathematics, MDPI, vol. 10(15), pages 1-20, July.
    18. Veronika NOVOTNA & Stanislav Å KAPA & Bernard NEUWIRTH, 2019. "Analysis Of A Non-Linear Dynamic Financial System," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 288-297, November.
    19. Elshenhab, Ahmed M. & Wang, Xing Tao & Hosny, Mohamed, 2025. "Explicit solutions and finite-time stability for fractional delay systems," Applied Mathematics and Computation, Elsevier, vol. 498(C).
    20. Jin, Maolin & Chang, Pyung Hun, 2009. "Simple robust technique using time delay estimation for the control and synchronization of Lorenz systems," Chaos, Solitons & Fractals, Elsevier, vol. 41(5), pages 2672-2680.

    More about this item

    Statistics

    Access and download statistics

    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:hin:complx:2989204. 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: Mohamed Abdelhakeem (email available below). General contact details of provider: https://www.hindawi.com .

    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.