Robust Stabilization of a Non-Linear Chaotic Financial System with Uncertain Parameters

Choudhary, Santosh Kumar (2018) Robust Stabilization of a Non-Linear Chaotic Financial System with Uncertain Parameters. International Journal of Engineering & Technology, 7 (3.27). pp. 151-156. ISSN 2394-627X

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Abstract

The paper investigates an analytical approach for robust stabilization of nonlinear chaotic financial system in the presence of uncertain parameters. The primary focus of this paper is to find a robust solution for quickly adjusting and controlling the interest rate, investment demand and price exponent when the chaotic phenomenon occurs in the financial system or economic crisis happens. The paper first demonstrates the non-linear dynamical model of the chaotic financial system and then it adopts Lyapunov stability theory based adaptive control scheme for robust stabilization of nonlinear chaotic financial system in the presence of uncertain parameters. Numerical simulations are demonstrated to verify the effectiveness of the proposed control scheme. The simulation results of this paper show that control scheme successfully eliminates the chaos of the nonlinear financial systems

Item Type: Article
Uncontrolled Keywords: Nonlinear system; Chaotic dynamical system; Financial system; Adaptive control; Lyapunov stability theory; Robust stabilization
Subjects: Engineering > MIT Manipal > Instrumentation and Control
Depositing User: MIT Library
Date Deposited: 22 Sep 2018 03:59
Last Modified: 22 Sep 2018 03:59
URI: http://eprints.manipal.edu/id/eprint/151990

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