Washout filter control technique for a fractional-order chaotic finance model

On the basis of the previous publications, we set up a new fractional-order chaotic finance model. Taking advantage of washout filter controller, we are committed to the study on the chaotic control for the considered fractional-order chaotic finance model. Applying the stability criterion and Hopf bifurcation knowledge of fractional order differential dynamical system, a series of delay-independent stability and bifurcation conditions are established to assure the stability and the occurrence of Hopf bifurcation of the fractional-order controlled chaotic finance model. The investigation indicates that the role of delay in controlling the stability and Hopf bifurcation for the fractional-order controlled chaotic finance model is fully reflected. In the end, numerical simulation figures and bifurcation plots are presented to sustain the established primary conclusions. Our work supplements the earlier studies and enriches the chaos control theory of fractional-order dynamical system. (C) 2021 THE AUTHOR. Published by Elsevier BV on behalf of Faculty of Engineering, Ain Shams University.

Automated summary

Based on previous publications, a new fractional-order chaotic finance model is established, and the chaotic control for the considered model is studied. Stability and bifurcation conditions are established using the stability criterion and Hopf bifurcation knowledge of fractional order differential dynamical system. The role of delay in controlling the stability and Hopf bifurcation for the model is fully reflected. Numerical simulation figures and bifurcation plots support the established primary conclusions.