Analysis of fractal fractional Lorenz type and financial chaotic systems with exponential decay kernels

In this work, we formulate a fractal fractional chaotic system with cubic and quadratic nonlinearities. A fractal fractional chaotic Lorenz type and financial systems are studied using the Caputo Fabrizo (CF) fractal fractional derivative. This study focuses on the characterization of the chaotic na...

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Main Authors: Ihtisham Ul Haq, Shabir Ahmad, Sayed Saifullah, Kamsing Nonlaopon, Ali Akgül
Format: Article
Language:English
Published: AIMS Press 2022-08-01
Series:AIMS Mathematics
Subjects:
Online Access:https://www.aimspress.com/article/doi/10.3934/math.20221035?viewType=HTML
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author Ihtisham Ul Haq
Shabir Ahmad
Sayed Saifullah
Kamsing Nonlaopon
Ali Akgül
author_facet Ihtisham Ul Haq
Shabir Ahmad
Sayed Saifullah
Kamsing Nonlaopon
Ali Akgül
author_sort Ihtisham Ul Haq
collection DOAJ
description In this work, we formulate a fractal fractional chaotic system with cubic and quadratic nonlinearities. A fractal fractional chaotic Lorenz type and financial systems are studied using the Caputo Fabrizo (CF) fractal fractional derivative. This study focuses on the characterization of the chaotic nature, and the effects of the fractal fractional-order derivative in the CF sense on the evolution and behavior of each proposed systems. The stability of the equilibrium points for the both systems are investigated using the Routh-Hurwitz criterion. The numerical scheme, which includes the discretization of the CF fractal-fractional derivative, is used to depict the phase portraits of the fractal fractional chaotic Lorenz system and the fractal fractional-order financial system. The simulation results presented in both cases include the two- and three-dimensional phase portraits to evaluate the applications of the proposed operators.
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spelling doaj.art-c1f6a468e2b841079c8c1f53bbeeafc22022-12-22T04:19:35ZengAIMS PressAIMS Mathematics2473-69882022-08-01710188091882310.3934/math.20221035Analysis of fractal fractional Lorenz type and financial chaotic systems with exponential decay kernelsIhtisham Ul Haq 0Shabir Ahmad1Sayed Saifullah2Kamsing Nonlaopon3Ali Akgül 41. Department of Mathematics, University of Malakand, Chakdara, Dir Lower, Khyber Pakhtunkhwa, Pakistan1. Department of Mathematics, University of Malakand, Chakdara, Dir Lower, Khyber Pakhtunkhwa, Pakistan1. Department of Mathematics, University of Malakand, Chakdara, Dir Lower, Khyber Pakhtunkhwa, Pakistan2. Department of Mathematics, Faculty of Science, Khon Kaen University, Khon Kaen 40002, Thailand3. Siirt University, Art and Science Faculty, Department of Mathematics, TR-56100 Siirt, TurkeyIn this work, we formulate a fractal fractional chaotic system with cubic and quadratic nonlinearities. A fractal fractional chaotic Lorenz type and financial systems are studied using the Caputo Fabrizo (CF) fractal fractional derivative. This study focuses on the characterization of the chaotic nature, and the effects of the fractal fractional-order derivative in the CF sense on the evolution and behavior of each proposed systems. The stability of the equilibrium points for the both systems are investigated using the Routh-Hurwitz criterion. The numerical scheme, which includes the discretization of the CF fractal-fractional derivative, is used to depict the phase portraits of the fractal fractional chaotic Lorenz system and the fractal fractional-order financial system. The simulation results presented in both cases include the two- and three-dimensional phase portraits to evaluate the applications of the proposed operators.https://www.aimspress.com/article/doi/10.3934/math.20221035?viewType=HTMLfractal fractional calculuschaotic lorenz systemfinancial systemrouth-hurwitz stability criterion
spellingShingle Ihtisham Ul Haq
Shabir Ahmad
Sayed Saifullah
Kamsing Nonlaopon
Ali Akgül
Analysis of fractal fractional Lorenz type and financial chaotic systems with exponential decay kernels
AIMS Mathematics
fractal fractional calculus
chaotic lorenz system
financial system
routh-hurwitz stability criterion
title Analysis of fractal fractional Lorenz type and financial chaotic systems with exponential decay kernels
title_full Analysis of fractal fractional Lorenz type and financial chaotic systems with exponential decay kernels
title_fullStr Analysis of fractal fractional Lorenz type and financial chaotic systems with exponential decay kernels
title_full_unstemmed Analysis of fractal fractional Lorenz type and financial chaotic systems with exponential decay kernels
title_short Analysis of fractal fractional Lorenz type and financial chaotic systems with exponential decay kernels
title_sort analysis of fractal fractional lorenz type and financial chaotic systems with exponential decay kernels
topic fractal fractional calculus
chaotic lorenz system
financial system
routh-hurwitz stability criterion
url https://www.aimspress.com/article/doi/10.3934/math.20221035?viewType=HTML
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