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PDϑControl Strategy for a Fractional-Order Chaotic Financial Model

Authors :
Peiluan Li
Changjin Xu
Shuai Yuan
Maoxin Liao
Qimei Xiao
Source :
Complexity. 2019:1-14
Publication Year :
2019
Publisher :
Hindawi Limited, 2019.

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 appropriatePDϑcontroller. 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.

Details

ISSN :
10990526 and 10762787
Volume :
2019
Database :
OpenAIRE
Journal :
Complexity
Accession number :
edsair.doi...........ee9c29e4d4d5a5cafdf08b7f64da6a75
Full Text :
https://doi.org/10.1155/2019/2989204