Active Control of a Chaotic Fractional Order Economic System

In this paper, a fractional order economic system is studied. An active control technique is applied to control chaos in this system. The stabilization of equilibria is obtained by both theoretical analysis and the simulation result. The numerical simulations, via the improved Adams–Bashforth algori...

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Bibliographic Details
Published in:Entropy (Basel, Switzerland) Vol. 17; no. 8; pp. 5771 - 5783
Main Authors: Baskonus, Haci, Mekkaoui, Toufik, Hammouch, Zakia, Bulut, Hasan
Format: Journal Article
Language:English
Published: Basel MDPI AG 01.08.2015
Subjects:
Active control
chaos
Chaos theory
Computer simulation
Control systems
Controllers
economic system
Economics
Entropy
fractional-order differential equations (FDEs)
Stabilization
ISSN:1099-4300, 1099-4300
Online Access:Get full text
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Summary:In this paper, a fractional order economic system is studied. An active control technique is applied to control chaos in this system. The stabilization of equilibria is obtained by both theoretical analysis and the simulation result. The numerical simulations, via the improved Adams–Bashforth algorithm, show the effectiveness of the proposed controller.
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ISSN:1099-4300
1099-4300
DOI:10.3390/e17085771