Author:
Liu Xiaoshan,Dong Jun,Han Liang,Ma Hu
Abstract
Abstract
The equations of time-delay fractional order financial dynamic system are studied. Fractional calculus, as the expansion of the corresponding integer parts, has more complex definition and update laws. It is found that modeling by fractional-order differential equation in some nature phenomenon and engineering field can be consistent with essentiality of the phenomenon and matters, such as in mathematical modeling of viscoelastic materials, electromagnetic wave and other fields. Moreover, there exist more complex dynamical behaviors in fractional-order dynamical system than in integral-order one, and it has more preferable history memory ability. Therefore, it is of theoretical value and practical significance researching the fractional-order nonlinear dynamical systems on the base of the researches on the traditional integral-order nonlinear dynamical system.
Subject
General Physics and Astronomy
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