A Note on Caputo's Derivative Operator Interpretation in Economy

Hameed Ur Rehman, Maslina Darus, Jamal Salah

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

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 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.

Original languageEnglish
Article number1260240
JournalJournal of Applied Mathematics
Volume2018
DOIs
Publication statusPublished - 1 Jan 2018

Fingerprint

Caputo Derivative
Economics
Derivatives
Operator
Order of integers
Caputo Fractional Derivative
Fractional Derivative
Attenuation
Recurrence
Count
Interpretation
Data storage equipment
Derivative
Line

ASJC Scopus subject areas

  • Applied Mathematics

Cite this

A Note on Caputo's Derivative Operator Interpretation in Economy. / Rehman, Hameed Ur; Darus, Maslina; Salah, Jamal.

In: Journal of Applied Mathematics, Vol. 2018, 1260240, 01.01.2018.

Research output: Contribution to journalArticle

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