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Chaos Control of a Fractional-Order Financial System

Author

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  • Mohammed Salah Abd-Elouahab
  • Nasr-Eddine Hamri
  • Junwei Wang

Abstract

Fractional-order financial system introduced by W.-C. Chen (2008) displays chaotic motions at order less than 3. In this paper we have extended the nonlinear feedback control in ODE systems to fractional-order systems, in order to eliminate the chaotic behavior. The results are proved analytically by applying the Lyapunov linearization method and stability condition for fractional system. Moreover numerical simulations are shown to verify the effectiveness of the proposed control scheme.

Suggested Citation

  • Mohammed Salah Abd-Elouahab & Nasr-Eddine Hamri & Junwei Wang, 2010. "Chaos Control of a Fractional-Order Financial System," Mathematical Problems in Engineering, Hindawi, vol. 2010, pages 1-18, July.
  • Handle: RePEc:hin:jnlmpe:270646
    DOI: 10.1155/2010/270646
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    Cited by:

    1. Lin, Xiaoran & Wang, Yachao & Wang, Jifang & Zeng, Wenxian, 2022. "Dynamic analysis and adaptive modified projective synchronization for systems with Atangana-Baleanu-Caputo derivative: A financial model with nonconstant demand elasticity," Chaos, Solitons & Fractals, Elsevier, vol. 160(C).
    2. Vasily E. Tarasov, 2019. "On History of Mathematical Economics: Application of Fractional Calculus," Mathematics, MDPI, vol. 7(6), pages 1-28, June.
    3. Xinggui Li & Ruofeng Rao & Xinsong Yang, 2022. "Impulsive Stabilization on Hyper-Chaotic Financial System under Neumann Boundary," Mathematics, MDPI, vol. 10(11), pages 1-18, May.

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