Dynamical analysis fractional-order financial system using efficient numerical methods

Title

Dynamical analysis fractional-order financial system using efficient numerical methods

Creator

Gao W.; Veeresha P.; Baskonus H.M.

Description

The motivation of this work is to analyse the nonlinear models and their complex nature with generalized tools associated with material and history-based properties. With the help of well-known and widely used numerical scheme, we study the stimulating behaviours of the financial system in this work. The impact of parameters on price index, rate of interest, investment demand, influence changes and investment cost with respect to saving amount, and the elasticity of commercial markets demand are discussed. The consequences of generalizing the model within the arbitrary order are derived. The existence of the solution for the considered system is presented. This study helps beginner researchers to investigate complex real-world problems and predict the corresponding consequences. 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.

Source

Applied Mathematics in Science and Engineering, Vol-31, No. 1

Date

2023-01-01

Publisher

Routledge

Subject

Caputo fractional derivative; chaotic behaviours; financial system; Numerical method

Coverage

Gao W., School of Information Science and Technology, Yunnan Normal University, Yunnan, China; Veeresha P., Centre for Mathematical Needs, Department of Mathematics, CHRIST (Deemed to be University), Bengaluru, India; Baskonus H.M., Department of Mathematics and Science Education, Faculty of Education, Harran University, Sanliurfa, Turkey

Rights

All Open Access; Gold Open Access

Relation

ISSN: 27690911

Format

Online

Language

English

Type

Article

Identifier

https://doi.org/10.1080/27690911.2022.2155152

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