Synchronization of fractional order supply chain model and financial model
A supply chain model's interaction with economic forces can be better understood by integrating a financial model with it. In the present article, a fractional-order financial model is synchronized with the fractional-order supply chain model to understand their interplay. The fractional order supply chain model is used as a drive system, and the fractional order financial model is used as a response system. A nonlinear controller has been designed for the synchronisation of both models. The synchronization of the two dynamical systems is achieved through the application of the Adams-Bashforth-Moulton method. The synchronisation of these models offers a deeper understanding of the complex interdependencies and highlights potential opportunities and dangers related to the supply chain in the context of supply chain analytics. The findings of this study have important insights into the area of supply chain management and decision making.
Authors
- Vivek Mishra (ORCID: https://orcid.org/0000-0003-1878-9276)
- Saurabh Agrawal (ORCID: https://orcid.org/0000-0003-3654-7190)
- Sarit Maitra (ORCID: https://orcid.org/0000-0002-0645-4383)
Institutions
- Alliance University (IN)
- Bharati Vidyapeeth (Deemed to be University) (IN)
Publication Details
- Journal
- Mathematical Foundations of Computing
- Published
- 2024-12-19
- DOI
- https://doi.org/10.3934/mfc.2024050
- Citations
- 2
- Primary Topic
- Fuzzy Systems and Optimization
- Type
- article
- Field-Weighted Citation Impact
- 1.42