Chaos and control in a fractional-order financial model: a non-local dynamical approach
摘要
The idea of financial resources is all encompassing and crucial to every facet of human existence; it also has indirect relationships to people, communities, cities, and nations. Researchers are interested in this topic since it has significant value for a society’s progress. This investigation devotes to the analysis of non-local effects of the fractional finance system. In order to make sure the system is well-posed, the boundedness has been examined. Furthermore, the stability analysis investigation confirms the unstable state of the system. Additionally, we show how to use Lyapunov exponents and bifurcation parameter analysis to determine the appropriate range where the system is more chaotic. Using Picard’s operator, we investigated the existence and uniqueness of the solutions and showed that the system under consideration had two unstable equilibrium points. By using the active control approach, we provide the necessary circumstances for fractional finance systems to synchronize as well as control functions to manage chaos in the considered system, so that we can record the observations. To illustrate the numerical simulations for different parameter values of the finance system, the fractional Euler’s method is used, and the chaotic behaviors are captured in figures.