Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1709459 | Applied Mathematics Letters | 2011 | 7 Pages |
Abstract
I study the stability analysis of the solutions for the dynamical system of nonlinear asset flow differential equations (AFDEs) in three versions. I show that the previous two versions are not structurally stable mathematically because there are infinitely many critical points. It is important to reformulate a problem in order to eliminate any hypersensitivity in the mathematical model. I find that there is no critical point in the new version unless the chronic discount over the past finite time interval is zero.
Related Topics
Physical Sciences and Engineering
Engineering
Computational Mechanics
Authors
Ahmet Duran,