A Note on Caputo’s Derivative Operator Interpretation in Economy
Joint Authors
Rehman, Hameed Ur
Salah, Jamal
Darus, Maslina
Source
Journal of Applied Mathematics
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-10-01
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Abstract EN
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-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 λ 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.
American Psychological Association (APA)
Rehman, Hameed Ur& Darus, Maslina& Salah, Jamal. 2018. A Note on Caputo’s Derivative Operator Interpretation in Economy. Journal of Applied Mathematics،Vol. 2018, no. 2018, pp.1-7.
https://search.emarefa.net/detail/BIM-1175947
Modern Language Association (MLA)
Rehman, Hameed Ur…[et al.]. A Note on Caputo’s Derivative Operator Interpretation in Economy. Journal of Applied Mathematics No. 2018 (2018), pp.1-7.
https://search.emarefa.net/detail/BIM-1175947
American Medical Association (AMA)
Rehman, Hameed Ur& Darus, Maslina& Salah, Jamal. A Note on Caputo’s Derivative Operator Interpretation in Economy. Journal of Applied Mathematics. 2018. Vol. 2018, no. 2018, pp.1-7.
https://search.emarefa.net/detail/BIM-1175947
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1175947