IDEAS home Printed from https://ideas.repec.org/a/eee/phsmap/v522y2019icp33-42.html
   My bibliography  Save this article

Chaotic analysis and adaptive synchronization for a class of fractional order financial system

Author

Listed:
  • Gong, Xiao-Li
  • Liu, Xi-Hua
  • Xiong, Xiong

Abstract

In this paper, the generation conditions of chaotic behavior are discussed and the adaptive synchronization control method for a class of fractional order financial system is proposed. Based on the stability theory of fractional order system, the necessary conditions for the system to generate chaotic attractors are analyzed by the equilibrium points and the corresponding eigenvalues. In order to solve the synchronization problem of financial system with fractional order, a novel adaptive synchronization method is proposed based on the generalized Lyapunov stability theory, which is simple in structure and is easy to implement. Finally, the numerical simulations are exploited to verify the effectiveness and feasibility of the proposed method.

Suggested Citation

  • Gong, Xiao-Li & Liu, Xi-Hua & Xiong, Xiong, 2019. "Chaotic analysis and adaptive synchronization for a class of fractional order financial system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 522(C), pages 33-42.
    • Handle: RePEc:eee:phsmap:v:522:y:2019:i:c:p:33-42
    DOI: 10.1016/j.physa.2019.01.138
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378437119301451
    Download Restriction: Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000
    File URL: https://libkey.io/10.1016/j.physa.2019.01.138?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Atefeh Marvi Moghadam & Saeed Balochian, 2014. "Synchronization of Economic Systems with Fractional Order Dynamics Using Active Sliding Mode Control," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(5), pages 692-704, May.
    2. Agrawal, S.K. & Srivastava, M. & Das, S., 2012. "Synchronization of fractional order chaotic systems using active control method," Chaos, Solitons & Fractals, Elsevier, vol. 45(6), pages 737-752.
    3. Hajipour, Ahamad & Hajipour, Mojtaba & Baleanu, Dumitru, 2018. "On the adaptive sliding mode controller for a hyperchaotic fractional-order financial system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 497(C), pages 139-153.
    4. Tavazoei, Mohammad Saleh & Haeri, Mohammad, 2008. "Synchronization of chaotic fractional-order systems via active sliding mode controller," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(1), pages 57-70.
    5. Atefeh Marvi Moghadam & Saeed Balochian, 2014. "Synchronization of Economic Systems with Fractional Order Dynamics Using Active Sliding Mode Control," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(5), pages 692-704.
    6. Huang, Chengdai & Cao, Jinde, 2017. "Active control strategy for synchronization and anti-synchronization of a fractional chaotic financial system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 473(C), pages 262-275.
    7. Agarwal, P. & El-Sayed, A.A., 2018. "Non-standard finite difference and Chebyshev collocation methods for solving fractional diffusion equation," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 500(C), pages 40-49.
    8. Chen, Wei-Ching, 2008. "Nonlinear dynamics and chaos in a fractional-order financial system," Chaos, Solitons & Fractals, Elsevier, vol. 36(5), pages 1305-1314.
    9. Chen, Liping & Pan, Wei & Wu, Ranchao & Wang, Kunpeng & He, Yigang, 2016. "Generation and circuit implementation of fractional-order multi-scroll attractors," Chaos, Solitons & Fractals, Elsevier, vol. 85(C), pages 22-31.
    10. Liping Chen & Yi Chai & Ranchao Wu, 2011. "Control and Synchronization of Fractional-Order Financial System Based on Linear Control," Discrete Dynamics in Nature and Society, Hindawi, vol. 2011, pages 1-21, August.
    11. Danca, Marius-F. & Garrappa, Roberto, 2015. "Suppressing chaos in discontinuous systems of fractional order by active control," Applied Mathematics and Computation, Elsevier, vol. 257(C), pages 89-102.
    12. Dadras, Sara & Momeni, Hamid Reza, 2010. "Control of a fractional-order economical system via sliding mode," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(12), pages 2434-2442.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yan, Shaohui & Wang, Ertong & Gu, Binxian & Wang, Qiyu & Ren, Yu & Wang, Jianjian, 2022. "Analysis and finite-time synchronization of a novel double-wing chaotic system with transient chaos," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 602(C).
    2. Qijia Yao & Hadi Jahanshahi & Larissa M. Batrancea & Naif D. Alotaibi & Mircea-Iosif Rus, 2022. "Fixed-Time Output-Constrained Synchronization of Unknown Chaotic Financial Systems Using Neural Learning," Mathematics, MDPI, vol. 10(19), pages 1-14, October.
    3. Balootaki, Mohammad Ahmadi & Rahmani, Hossein & Moeinkhah, Hossein & Mohammadzadeh, Ardashir, 2020. "On the Synchronization and Stabilization of fractional-order chaotic systems: Recent advances and future perspectives," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 551(C).
    4. Peng, Qiu & Jian, Jigui, 2021. "Estimating the ultimate bounds and synchronization of fractional-order plasma chaotic systems," Chaos, Solitons & Fractals, Elsevier, vol. 150(C).
    5. Jian, Jigui & Wu, Kai & Wang, Baoxian, 2020. "Global Mittag-Leffler boundedness and synchronization for fractional-order chaotic systems," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 540(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hajipour, Ahamad & Hajipour, Mojtaba & Baleanu, Dumitru, 2018. "On the adaptive sliding mode controller for a hyperchaotic fractional-order financial system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 497(C), pages 139-153.
    2. Song Xu & Hui Lv & Heng Liu & Aijing Liu, 2019. "Robust Control of Disturbed Fractional-Order Economical Chaotic Systems with Uncertain Parameters," Complexity, Hindawi, vol. 2019, pages 1-13, October.
    3. Vasily E. Tarasov, 2019. "On History of Mathematical Economics: Application of Fractional Calculus," Mathematics, MDPI, vol. 7(6), pages 1-28, June.
    4. Jajarmi, Amin & Hajipour, Mojtaba & Baleanu, Dumitru, 2017. "New aspects of the adaptive synchronization and hyperchaos suppression of a financial model," Chaos, Solitons & Fractals, Elsevier, vol. 99(C), pages 285-296.
    5. Gao, Yuan & Liang, Chenghua & Wu, Qiqi & Yuan, Haiying, 2015. "A new fractional-order hyperchaotic system and its modified projective synchronization," Chaos, Solitons & Fractals, Elsevier, vol. 76(C), pages 190-204.
    6. Huang, Chengdai & Cai, Liming & Cao, Jinde, 2018. "Linear control for synchronization of a fractional-order time-delayed chaotic financial system," Chaos, Solitons & Fractals, Elsevier, vol. 113(C), pages 326-332.
    7. Huang, Chengdai & Cao, Jinde, 2017. "Active control strategy for synchronization and anti-synchronization of a fractional chaotic financial system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 473(C), pages 262-275.
    8. Baishya, Chandrali & Premakumari, R.N. & Samei, Mohammad Esmael & Naik, Manisha Krishna, 2023. "Chaos control of fractional order nonlinear Bloch equation by utilizing sliding mode controller," Chaos, Solitons & Fractals, Elsevier, vol. 174(C).
    9. Wafaa S. Sayed & Moheb M. R. Henein & Salwa K. Abd-El-Hafiz & Ahmed G. Radwan, 2017. "Generalized Dynamic Switched Synchronization between Combinations of Fractional-Order Chaotic Systems," Complexity, Hindawi, vol. 2017, pages 1-17, February.
    10. Shi, Jianping & He, Ke & Fang, Hui, 2022. "Chaos, Hopf bifurcation and control of a fractional-order delay financial system," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 194(C), pages 348-364.
    11. Chakraborty, Arkaprovo & Veeresha, P., 2024. "Investigating the dynamics, synchronization and control of chaos within a transformed fractional Samardzija–Greller framework," Chaos, Solitons & Fractals, Elsevier, vol. 182(C).
    12. Khanzadeh, Alireza & Pourgholi, Mahdi, 2016. "Robust Synchronization of Fractional-Order Chaotic Systems at a Pre-Specified Time Using Sliding Mode Controller with Time-Varying Switching Surfaces," Chaos, Solitons & Fractals, Elsevier, vol. 91(C), pages 69-77.
    13. Peng, Qiu & Jian, Jigui, 2021. "Estimating the ultimate bounds and synchronization of fractional-order plasma chaotic systems," Chaos, Solitons & Fractals, Elsevier, vol. 150(C).
    14. Ahmad, Shabir & Ullah, Aman & Akgül, Ali, 2021. "Investigating the complex behaviour of multi-scroll chaotic system with Caputo fractal-fractional operator," Chaos, Solitons & Fractals, Elsevier, vol. 146(C).
    15. Balootaki, Mohammad Ahmadi & Rahmani, Hossein & Moeinkhah, Hossein & Mohammadzadeh, Ardashir, 2020. "On the Synchronization and Stabilization of fractional-order chaotic systems: Recent advances and future perspectives," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 551(C).
    16. Jian, Jigui & Wu, Kai & Wang, Baoxian, 2020. "Global Mittag-Leffler boundedness and synchronization for fractional-order chaotic systems," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 540(C).
    17. Weiwei Zhang & Jinde Cao & Ahmed Alsaedi & Fuad Eid S. Alsaadi, 2017. "Synchronization of Time Delayed Fractional Order Chaotic Financial System," Discrete Dynamics in Nature and Society, Hindawi, vol. 2017, pages 1-5, October.
    18. Harshavarthini, S. & Sakthivel, R. & Ma, Yong-Ki & Muslim, M., 2020. "Finite-time resilient fault-tolerant investment policy scheme for chaotic nonlinear finance system," Chaos, Solitons & Fractals, Elsevier, vol. 132(C).
    19. Gao, Wei & Yan, Li & Saeedi, Mohammadhossein & Saberi Nik, Hassan, 2018. "Ultimate bound estimation set and chaos synchronization for a financial risk system," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 154(C), pages 19-33.
    20. Din Prathumwan & Wannika Sawangtong & Panumart Sawangtong, 2017. "An Analysis on the Fractional Asset Flow Differential Equations," Mathematics, MDPI, vol. 5(2), pages 1-17, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:522:y:2019:i:c:p:33-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.