Dynamics Analysis and Fractional-Order Approximate Entropy of Nonlinear Inventory Management Systems

Tengfei Lei, Rita Yi Man Li and Haiyan Fu

Mathematical Problems in Engineering, 2021, vol. 2021, 1-8

Abstract:

Inventory management is complex nonlinear systems that are affected by various external factors, including course human action and policy. We study the inventory management model under special circumstances and analyse the equilibrium point of the system. The dynamics of the system is analysed by means of the eigenvalue trajectory, bifurcations, chaotic attractor, and largest Lyapunov exponent diagram. At the same time, according to the definition of fractional calculus, the fractional approximate entropy is used to analyse the system, and the results are consistent with those of the largest Lyapunov exponent diagram, which shows the effectiveness of this method.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:5516703

DOI: 10.1155/2021/5516703

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