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

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.