scholarly journals 0-1 Test for Chaos in a Fractional Order Financial System with Investment Incentive

2013 ◽  
Vol 2013 ◽  
pp. 1-10 ◽  
Author(s):  
Baogui Xin ◽  
Yuting Li

A new integer-order chaotic financial system is extended by introducing a simple investment incentive into a three-dimensional chaotic financial system. A four-dimensional fractional-order chaotic financial system is presented by bringing fractional calculus into the new integer-order financial system. By using weighted integral thought, the fractional order derivative's economics meaning is given. The 0-1 test algorithm and the improved Adams-Bashforth-Moulton predictor-corrector scheme are employed to detect numerically the chaos in the proposed fractional order financial system.

2012 ◽  
Vol 490-495 ◽  
pp. 1145-1149 ◽  
Author(s):  
Yan Mei Wang ◽  
Yi Jie Liu ◽  
Rui Zhu ◽  
Yan Zhu Zhang

This paper discusses the fractional-order controller of heating-furnace system, a new PID controller of heating-furnace system based on fractional calculus will be considered. Classical PID control method is also studied. Then, this paper presents the fractional-order PID control method based on integer-order model of heating-furnace system. Meanwhile, simulation study is done. Comparing the control methods and strategies of integer order model of the heating-furnace system, a conclusion is drawn that PID control based on fractional calculus is much more complex than that of integer order controller. Numerical simulations are used to illustrate the improvements of the proposed controller for the integer-order heating-furnace systems.


2012 ◽  
Vol 22 (5) ◽  
pp. 5-11 ◽  
Author(s):  
José Francisco Gómez Aguilar ◽  
Juan Rosales García ◽  
Jesus Bernal Alvarado ◽  
Manuel Guía

In this paper the fractional differential equation for the mass-spring-damper system in terms of the fractional time derivatives of the Caputo type is considered. In order to be consistent with the physical equation, a new parameter is introduced. This parameter char­acterizes the existence of fractional components in the system. A relation between the fractional order time derivative and the new parameter is found. Different particular cases are analyzed


2013 ◽  
Vol 464 ◽  
pp. 375-380 ◽  
Author(s):  
Ling Liu ◽  
Chong Xin Liu ◽  
Yi Fan Liao

In this paper, a new five-dimensional hyperchaotic system by introducing two additional states feedback into a three-dimensional smooth chaotic system. With three nonlinearities, this system has more than one positive Lyapunov exponents. Based on the fractional derivative theory, the fractional-order form of this new hyperchaotic system has been investigated. Through predictor-corrector algorithm, the system is proved by numerical simulation analysis. Simulation results are provided to illustrate the performance of the fractional-order hyperchaotic attractors well.


2013 ◽  
Vol 13 (4) ◽  
pp. 42-53 ◽  
Author(s):  
Nina Nikolova ◽  
Emil Nikolov

Abstract : An essentially new class of repetitive fractional disturbance absorptive filters in disturbances absorbing control systems is proposed in the paper. Systematization of the standard repetitive fractional disturbance absorptive filters of this class is suggested. They use rational approximations of the operators for fractional integration in the theory of fractional calculus. The paper discusses the possibilities for repetitive absorbing of the disturbances with integer order filters and with fractional order filters. The results from the comparative analysis of their frequency characteristics are given below.


2021 ◽  
Vol 31 (16) ◽  
Author(s):  
Zhongyuan Zhao ◽  
Yongping Zhang

It is of great significance to study the three-dimensional financial system model based on the discrete fractional-order theory. In this paper, the Julia set of the three-dimensional discrete fractional-order financial model is identified to show its fractal characteristics. The sizes of the Julia sets need to be changed in some situations, so it is necessary to achieve control of the Julia sets. In combination with the characteristics of the model, two different controllers based on the fixed point are designed, and the control of the three-dimensional Julia sets is realized by adding the controllers into the model in different ways. Finally, the simulation graphs show that the controllers can effectively control the fractal behaviors.


2012 ◽  
Vol 430-432 ◽  
pp. 1593-1596
Author(s):  
Wan Neng Yu ◽  
Su Wen Li ◽  
Min Ying Zheng

Traditional continuous-time filters are of integer order which the power loss of passive power filter is general very much. However, using fractional calculus, filters may also be represented by the more general fractional-order differential equations. In this work, firstly, the passive elements were described with fractional-order differential equations depending on the introduction of fractional calculus application research. Secondly, the mathematical model of fractional-order filters was derived and discussed which includes high impedance at a certain frequency and low impedance at others, and the integer-order filters are only a tight subset of fractional-order filters that are testified. At last, the filter design idea to the fractional-order domain is developed and the better filter performance of the fractional-order passive power filter is validated by the mathematical model analysis and simulation results.


2018 ◽  
Vol 11 (4) ◽  
pp. 1058-1099
Author(s):  
Syamal K. Sen ◽  
J. Vasundhara Devi ◽  
R.V.G. Ravi Kumar

Fractional order calculus always includes integer-order too. The question that crops up is: Can it be a widely accepted generalized version of classical calculus? We attempt to highlight the current problems that come in the way to define the fractional calculus that will be universally accepted as a perfect generalized version of integer-order calculus and to point out the efforts in this direction. Also, we discuss the question: Given a non-integer fractional order differential equation as a mathematical model can we readily write the corresponding physical model and vice versa in the same way as we traditionally do for classical differential equations? We demonstrate numerically computationally the pros and cons while addressing the questions keeping in the background the generalization of the inverse of a matrix.


2014 ◽  
Vol 2014 ◽  
pp. 1-9 ◽  
Author(s):  
Sunil Kumar Mishra ◽  
Dinesh Chandra

This work focuses on the use of fractional calculus to design robust fractional-order PID (PIλDμ) controller for stabilization and tracking control of inverted pendulum (IP) system. A particle swarm optimisation (PSO) based direct tuning technique is used to design two PIλDμcontrollers for IP system without linearizing the actual nonlinear model. The fitness function is minimized by running the SIMULINK model of IP system according to the PSO program in MATLAB. The performance of proposed PIλDμcontrollers is compared with two PID controllers. Simulation results are also obtained by adding disturbances to the model to show the robustness of the proposed controllers.


Author(s):  
Qi Yang ◽  
Dali Chen ◽  
Tiebiao Zhao ◽  
YangQuan Chen

AbstractOver the last decade, it has been demonstrated that many systems in science and engineering can be modeled more accurately by fractional-order than integer-order derivatives, and many methods are developed to solve the problem of fractional systems. Due to the extra free parameter order


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