Stabilization and Chaos Control of an Economic Model via a Time-Delayed Feedback Scheme

Yang Hu and Guangping Hu ()
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Yang Hu: Reading Academy, Nanjing University of Information Science and Technology, Nanjing 210044, China
Guangping Hu: School of Mathematics and Statistics, Nanjing University of Information Science and Technology, Nanjing 210044, China

Mathematics, 2023, vol. 11, issue 13, 1-13

Abstract: This paper addresses the problem of chaos control in an economic mathematical dynamical model. By regarding the control variables as the bifurcation parameters, the stability of equilibria and the existence of Hopf bifurcations of the relevance feedback system are investigated, and the criterion of controllability for the chaotic system is obtained based on a time-delayed feedback control technique. Furthermore, numerical simulations are provided to demonstrate the feasibility of our methods and results.

Keywords: economic model; chaos; time delay; stability; Hopf bifurcation (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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