A note on Caputo's derivative operator interpretation in economy
type: Item
instance of: scholarly article
title: A note on Caputo's derivative operator interpretation in economy
zbMATH Open document ID: 1437.91125
DOI: 10.1155/2018/1260240
author: Hameed Ur Rehman
author: Jamal Salah
author: Maslina Darus
published in: Journal of Applied Mathematics
publication date: 2019-05-07T00:00:00Z
review text: Summary: We propound the economic idea in terms of fractional derivatives, which involves the modified Caputo's fractional derivative operator. The suggested economic interpretation is based on a generalization of average count and marginal value of economic indicators. We use the concepts of \(T\)-\textit{indicators} which analyses the economic performance with the presence of memory. The reaction of economic agents due to recurrence identical alteration is minimized by using the modified Caputo's derivative operator of order \(\lambda\) instead of integer order derivative \(n\). The two sides of Caputo's derivative are expressed by a brief time-line. The degree of attenuation is further depressed by involving the modified Caputo's operator.
Mathematics Subject Classification ID: 91B02
Mathematics Subject Classification ID: 26A33
zbMATH DE Number: 7051354
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2018/1260240
OpenAlex ID: W2894570521
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Wikidata QID: Q129179096
description: scientific article; zbMATH DE number 7051354