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Synchronization of fractional time-delayed financial system using a novel type-2 fuzzy active control method

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  • Wang, Shaojie
  • Bekiros, Stelios
  • Yousefpour, Amin
  • He, Shaobo
  • Castillo, Oscar
  • Jahanshahi, Hadi

Abstract

In the present article, as a new approach, a fuzzy disturbance observer is combined with an active controller for the synchronization of fractional-order time-delayed systems. Since the type-2 fuzzy logic system shows better performances than the type-1 fuzzy logic system on handling the uncertainties and disturbances, the type-2 fuzzy disturbance observer is utilized in this study. The stability of the proposed method is performed using the Lyapunov stability theorem and active control concept. Then, a fractional-order time-delayed financial system has been investigated, and some features of this chaotic system have been studied. Finally, by applying the proposed control scheme, synchronization results of the fractional-order time-delayed financial system when there exist time-varying disturbances are presented. Numerical simulations demonstrate the robustness and effectiveness of the proposed control technique.

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  • Wang, Shaojie & Bekiros, Stelios & Yousefpour, Amin & He, Shaobo & Castillo, Oscar & Jahanshahi, Hadi, 2020. "Synchronization of fractional time-delayed financial system using a novel type-2 fuzzy active control method," Chaos, Solitons & Fractals, Elsevier, vol. 136(C).
    • Handle: RePEc:eee:chsofr:v:136:y:2020:i:c:s0960077920301703
    DOI: 10.1016/j.chaos.2020.109768
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    4. Jahanshahi, Hadi & Yousefpour, Amin & Wei, Zhouchao & Alcaraz, Raúl & Bekiros, Stelios, 2019. "A financial hyperchaotic system with coexisting attractors: Dynamic investigation, entropy analysis, control and synchronization," Chaos, Solitons & Fractals, Elsevier, vol. 126(C), pages 66-77.
    5. Soradi-Zeid, Samaneh & Jahanshahi, Hadi & Yousefpour, Amin & Bekiros, Stelios, 2020. "King algorithm: A novel optimization approach based on variable-order fractional calculus with application in chaotic financial systems," Chaos, Solitons & Fractals, Elsevier, vol. 132(C).
    6. Yousefpour, Amin & Jahanshahi, Hadi & Munoz-Pacheco, Jesus M. & Bekiros, Stelios & Wei, Zhouchao, 2020. "A fractional-order hyper-chaotic economic system with transient chaos," Chaos, Solitons & Fractals, Elsevier, vol. 130(C).
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