{"title":"Dynamic modelling and optimal control of herd behaviour with time delay and media","authors":"Zhenyong Li, Ting Li, Wei-jun Xu, Yan Shao","doi":"10.1080/21642583.2022.2123059","DOIUrl":null,"url":null,"abstract":"ABSTRACT A dynamic model of herd behaviour with delay time and media is established and analysed to discover the latent mechanism that represents how capital flows in the stock market. We prove that solutions of the model are uniformly bounded, and the contagion threshold is obtained. The stability of positive equilibrium points of the model with zero and nonzero delay is discussed. An optimal control problem with media is formulated, and Pontryagin's maximum principle is applied to find an optimal strategy to control herding. Several numerical simulations show the effect of media and delay on herd behaviour. Finally, the practical meaning of the presented model is briefly discussed.","PeriodicalId":46282,"journal":{"name":"Systems Science & Control Engineering","volume":"10 1","pages":"789 - 801"},"PeriodicalIF":3.2000,"publicationDate":"2022-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Systems Science & Control Engineering","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/21642583.2022.2123059","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"AUTOMATION & CONTROL SYSTEMS","Score":null,"Total":0}
引用次数: 1
Abstract
ABSTRACT A dynamic model of herd behaviour with delay time and media is established and analysed to discover the latent mechanism that represents how capital flows in the stock market. We prove that solutions of the model are uniformly bounded, and the contagion threshold is obtained. The stability of positive equilibrium points of the model with zero and nonzero delay is discussed. An optimal control problem with media is formulated, and Pontryagin's maximum principle is applied to find an optimal strategy to control herding. Several numerical simulations show the effect of media and delay on herd behaviour. Finally, the practical meaning of the presented model is briefly discussed.
期刊介绍：
Systems Science & Control Engineering is a world-leading fully open access journal covering all areas of theoretical and applied systems science and control engineering. The journal encourages the submission of original articles, reviews and short communications in areas including, but not limited to: · artificial intelligence · complex systems · complex networks · control theory · control applications · cybernetics · dynamical systems theory · operations research · systems biology · systems dynamics · systems ecology · systems engineering · systems psychology · systems theory
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
