Avoiding extremes using partial control

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Publication:2804533

DOI10.1080/10236198.2015.1079181zbMATH Open1336.93099arXiv1507.07864OpenAlexW2204206449MaRDI QIDQ2804533FDOQ2804533

Suddhasattwa Das, James A. Yorke

Publication date: 29 April 2016

Published in: Journal of Difference Equations and Applications (Search for Journal in Brave)

Abstract: Dynamical systems can be prone to severe fluctuations due to the presence of chaotic dynamics. This paper explains for a toy chaotic economic model how such a system can be regulated by the application of relatively weak control to keep the system confined to a bounded region of the phase space, even in the presence of strong external disturbances. Since the control here is weaker than the disturbance, the system cannot be controlled to a particular trajectory, but under certain circumstances it can be partially controlled to avoid extreme values. Partial control depends on the existence of a certain set called a "safe sets". We describe the safe set and how it varies with parameters, sometimes continuously and sometimes discontinuously.


Full work available at URL: https://arxiv.org/abs/1507.07864





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