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Dynamical analysis fractional-order financial system using efficient numerical methods.

Authors :
Wei Gao
Veeresha, P.
Baskonus, Haci Mehmet
Source :
Applied Mathematics in Science & Engineering. Dec2023, Vol. 31 Issue 1, p1-19. 19p.
Publication Year :
2023

Abstract

The motivation of this work is to analyse the nonlinear models and their complex nature with generalized tools associated with material and history-based properties. With the help of well-known and widely used numerical scheme, we study the stimulating behaviours of the financial system in this work. The impact of parameters on price index, rate of interest, investment demand, influence changes and investment cost with respect to saving amount, and the elasticity of commercial markets demand are discussed. The consequences of generalizing the model within the arbitrary order are derived. The existence of the solution for the considered system is presented. This study helps beginner researchers to investigate complex real-world problems and predict the corresponding consequences. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
27690911
Volume :
31
Issue :
1
Database :
Academic Search Index
Journal :
Applied Mathematics in Science & Engineering
Publication Type :
Academic Journal
Accession number :
174964769
Full Text :
https://doi.org/10.1080/27690911.2022.2155152