Synchronization of Economic Systems with Fractional Order Dynamics Using Active Sliding Mode Control

Atefeh Marvi Moghadam and Saeed Balochian

Asian Economic and Financial Review, 2014, vol. 4, issue 5, 692-704

Abstract: Synchronization of chaos has widely spread as an important issue in nonlinear systems and is one of the most important branches on the problem of controlling of chaos. In this paper, among different chaotic systems the economy chaotic system has been selected. The main aim of this paper is the designing based on the active sliding mode control for the synchronization of fractional-order chaotic systems. The chaos in the economic series could have serious and very different consequences in common macro-economy models. In this paper, this article expressed the various positions of synchronization in economic system that include of changes in the coefficients of the system ,changes in the initial conditions of the system and different fractional-order synchronization on the economic system in which Synchronization is shown in some examples.

Keywords: Economic system; Chaos; Chaos control; Synchronization; Active sliding mode controller; Fractional order. (search for similar items in EconPapers)
Date: 2014
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