Predefined-time control of chaotic finance/economic system based on event-triggered mechanism

Aiming at the problem that the convergence time of the chaotic finance/economic system cannot be set independently and the continuous macro-control is required, this paper investigates the predefined-time control of the chaotic finance/economic system based on event-triggered mechanism. The predefin...

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Main Authors: Qiaoping Li, Yu Chen, Lingyuan Ma
Format: Article
Language:English
Published: AIMS Press 2023-01-01
Series:AIMS Mathematics
Subjects:
Online Access:https://www.aimspress.com/article/doi/10.3934/math.2023404?viewType=HTML
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author Qiaoping Li
Yu Chen
Lingyuan Ma
author_facet Qiaoping Li
Yu Chen
Lingyuan Ma
author_sort Qiaoping Li
collection DOAJ
description Aiming at the problem that the convergence time of the chaotic finance/economic system cannot be set independently and the continuous macro-control is required, this paper investigates the predefined-time control of the chaotic finance/economic system based on event-triggered mechanism. The predefined-time control approach ensures the chaotic finance system quickly converge to the stable state within a pre-determined time. Moreover, in order to avoid continuous macro-control, an event-trigger mechanism is added into the above predefined-time control approach, which guarantees that the control input is updated only when some predefined event occurs. Rigorous theoretical derivation is presented and concrete simulation experiments are carried out to validate the feasibility and applicability of the proposed control strategy.
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spelling doaj.art-ea538229ca80403e98398c0a7c3ddff52023-02-15T01:22:25ZengAIMS PressAIMS Mathematics2473-69882023-01-01848000801710.3934/math.2023404Predefined-time control of chaotic finance/economic system based on event-triggered mechanismQiaoping Li 0Yu Chen1Lingyuan Ma21. Zhengzhou University of Aeronautics, Zhengzhou 450015, China 2. School of Mathematics and Statistics, Xidian University, Xi'an 710071, China1. Zhengzhou University of Aeronautics, Zhengzhou 450015, China1. Zhengzhou University of Aeronautics, Zhengzhou 450015, ChinaAiming at the problem that the convergence time of the chaotic finance/economic system cannot be set independently and the continuous macro-control is required, this paper investigates the predefined-time control of the chaotic finance/economic system based on event-triggered mechanism. The predefined-time control approach ensures the chaotic finance system quickly converge to the stable state within a pre-determined time. Moreover, in order to avoid continuous macro-control, an event-trigger mechanism is added into the above predefined-time control approach, which guarantees that the control input is updated only when some predefined event occurs. Rigorous theoretical derivation is presented and concrete simulation experiments are carried out to validate the feasibility and applicability of the proposed control strategy.https://www.aimspress.com/article/doi/10.3934/math.2023404?viewType=HTMLchaotic finance/economic systempredefined-time controlevent-triggered controlupdate frequencymacro-control policy
spellingShingle Qiaoping Li
Yu Chen
Lingyuan Ma
Predefined-time control of chaotic finance/economic system based on event-triggered mechanism
AIMS Mathematics
chaotic finance/economic system
predefined-time control
event-triggered control
update frequency
macro-control policy
title Predefined-time control of chaotic finance/economic system based on event-triggered mechanism
title_full Predefined-time control of chaotic finance/economic system based on event-triggered mechanism
title_fullStr Predefined-time control of chaotic finance/economic system based on event-triggered mechanism
title_full_unstemmed Predefined-time control of chaotic finance/economic system based on event-triggered mechanism
title_short Predefined-time control of chaotic finance/economic system based on event-triggered mechanism
title_sort predefined time control of chaotic finance economic system based on event triggered mechanism
topic chaotic finance/economic system
predefined-time control
event-triggered control
update frequency
macro-control policy
url https://www.aimspress.com/article/doi/10.3934/math.2023404?viewType=HTML
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AT yuchen predefinedtimecontrolofchaoticfinanceeconomicsystembasedoneventtriggeredmechanism
AT lingyuanma predefinedtimecontrolofchaoticfinanceeconomicsystembasedoneventtriggeredmechanism