A fractional model for the dynamics of competition between commercial and rural banks in Indonesia

Fatmawati,, Muhammad Altaf Khan, Muftiyatul Azizah, Windarto, and Saif Ullah

Chaos, Solitons & Fractals, 2019, vol. 122, issue C, 32-46

Abstract: In the present paper, we propose a mathematical model that describes the dynamics of competition between commercial and rural banks in Indonesia through two different fractional operators Atangana-Baleanu and Caputo. We present a parameter estimation of the Lotka–Volterra competition model by using the genetic algorithm method. Parameter estimation is done based on annual profit data of commercial and rural banks in Indonesia. The estimation results capable to predict the profit of commercial and rural banks every year which is not much different from the real data. Next, the competition model between commercial and rural banks in Indonesia is explored in the fractional sense of Atangana–Baleanu and Caputo derivative. The fractional model is examined through the Atangana–Baleanu and Caputo fractional derivative and present the results. A recent numerical procedure is used to obtain the graphical results using various values of the fractional order parameter for the dynamics of the model. A comparison of both the operators for various values of the fractional order parameters are given. We discussed briefly the results and then summarized briefly in section conclusion.

Keywords: Competition model; Real data; Parameter estimation; Genetic algorithm; Atangana–Baleanu (A–B) derivative; Caputo derivative (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:122:y:2019:i:c:p:32-46

DOI: 10.1016/j.chaos.2019.02.009

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