#### Abstract

Based on linear feedback control technique, a projective synchronization scheme of *N*-dimensional chaotic fractional-order systems is proposed, which consists of master and slave fractional-order financial systems coupled by linear state error variables. It is shown that the slave system can be projectively synchronized with the master system constructed by state transformation. Based on the stability theory of linear fractional order systems, a suitable controller for achieving synchronization is designed. The given scheme is applied to achieve projective synchronization of chaotic fractional-order financial systems. Numerical simulations are given to verify the effectiveness of the proposed projective synchronization scheme.

#### 1. Introduction

The fractional calculus, as a very old mathematical topic, has been in existence for more than 300 years [1], but it has not been widely used in the science and engineering for many years, because its geometrical or physical interpretation has been not widely accepted [2, 3]. However, due to the long memory advantage, in the recent past, the fractional calculus has been widely applied to diffusion processes [4], Sprott chaotic systems [5], happiness and love [6], economics and finances [7, 8], and so on.

Chaos synchronization has been widely investigated in science and engineering such as humanistic community [9], physical science [10], and secure communications [11]. The chaos projective synchronization was first reported by Mainieri and Rehacek [12]. This type of projective synchronization is interesting due to its property of proportionally diminished or enlarged synchronizing responses, but the early work was limited to a certain kind of nonlinear systems with partly linear properties. Chaos projective synchronization has been an active research topic in nonlinear science until Wen and Xu [13, 14] proposed an observer-based control method and showed βno special limitationβ to nonlinear systems themselves to achieve this type of chaos synchronization. Wen and coauthors tried to explore the potential applications of projective synchronization to noise reduction in mechanical engineering [15, 16] or design bifurcation solutions based on the property of projective synchronization [17]. Synchronization of fractional-order chaotic systems was first presented by Deng and Li [18]. There has been an increasing interest in fractional-order chaos synchronization during the last few years because of its potentials in both theory and applications [19]. Peng et al. [20] proposed the generalized projective synchronization scheme of fractional order chaotic systems via a transmitted signal. Shao [21] proposed a method to achieve general projective synchronization of two fractional order Rossler systems. Odibat et al. [22] studied synchronization of 3-dimensional chaotic fractional-order systems via linear control. The advantage of the linear feedback controller is that it is robust and linear, and moreover, it is easier to be designed and implemented for chaos synchronization than standard PID feedback controller, sliding mode controller, nonlinear feedback controller, and so on [23β25].

Huang and Li [26] reported an integer order financial model as follows: where is the interest rate, is the investment demand, is the price index, is the saving amount, is the cost per investment, is the demand elasticity of commercial markets, and all three constants .

Chen [7] considered the generalization of system (1.1) for the fractional-order model which takes the following form: where the th-order fractional derivative is given by the following Caputo definition, .

*Definition 1.1 (see [27]). *The th-order fractional derivative of functionββ with respect to and the terminal value 0 is written as
where is an integer and satisfies .

*Remark 1.2. *If , the system (1.2) degenerates into the system (1.1).

The remainder of this paper is organized as follows. In Section 2, a projective synchronization scheme of *n*-dimensional chaotic fractional-order systems is proposed. In Section 3, a projective synchronization scheme of chaotic fractional-order financial systems is studied. In Section 4, the Adams-Bashforth-Moulton predictor-corrector scheme of a fractional-order system is described. Numerical simulations are given in Section 5 to show the effectiveness of the proposed synchronization scheme. Finally, the paper is concluded in Section 6.

#### 2. A Projective Synchronization Scheme of -Dimensional Chaotic Fractional-Order Systems

*Definition 2.1. *The projective synchronization discussed in this paper is defined as two relative chaotic dynamical systems can be synchronous with a desired scaling factor.

Consider a fractional-order chaotic system as follows:
where is an *n*-dimensional state vector of the system, is an linear constant matrix, is an linear constant matrix, is a continuous nonlinear vector function.

For the given system (2.1), one can construct the following new system
where is an *n*-dimensional state vector of the system, is a continuous nonlinear vector function, are linear constant matrix, is a desired scaling factor, is a linear state error feedback controller.

The synchronization error between the master system (2.1) and the slave system (2.2) is defined as
The linear state error feedback controller is defined as
where is an linear constant matrix.

Then the error system can be written as
where is an linear constant matrix. Obviously the orginal point is the equilibrium point of system (2.5).

According to the stability criterion of linear fractional-order dynamical system, one can directly obtain the following theorem.

Theorem 2.2. *If is an upper or lower triangular matrix and all eigenvalues satisfy , then the equilibrium point of synchronization error is asymptotically stable and , that is, the master system (2.1) and the slave system (2.2) achieve projective synchronization.*

*Remark 2.3. * If and , the above synchronization scheme is similar to the synchronization scheme in [28].

*Remark 2.4. * If and , the above synchronization scheme degenerates into the synchronization scheme proposed by Odibat et al. [22].

*Remark 2.5. * If , the above synchronization scheme degenerates into the synchronization scheme proposed by Xin et al. [29].

#### 3. A Projective Synchronization Scheme of Chaotic Fractional-Order Financial Systems

In order to investigate the synchronization behaviors of two chaotic fractional-order financial systems, one can set a master-slave configuration with a master system given by the fractional-order financial systems (1.2) and with a slave system (denoted by the subscript ) as follows: where have the same meanings as ββof system (1.2), is a desired scaling factor, are linear state error feedback controllers.

Proposition 3.1. * The drive system (1.2) and the slave system (3.1) will approach global synchronization for any initial condition if anyone of the following control laws holds:
**
where , and .*

*Proof. *The synchronization errors between the master system (1.2) and the slave system (3.1) are defined asββ,ββ,ββ. Subtracting (1.2) from (3.1) yields the error system as follows:
For the first control law in Proposition 3.1, substituting (3.2) into the error system (3.4), the system (3.4) can be rewritten as follows:
which has one equilibrium point at . Its Jacobian matrix evaluated at equilibrium point is given by
which is a lower triangular matrix and its eigenvalues satisfy .

For the second control law in Proposition 3.1, substituting (3.3) into the error system (3.4), the system (3.4) can be rewritten as follows:
which has one equilibrium point at . Its Jacobian matrix evaluated at equilibrium point is given by
which is an upper triangular matrix and its eigenvalues satisfyββ.

It follows from Theorem 2.2 that system (3.4) is asymptotically stable, that is, the master system (1.2) and the slave system (3.1) are synchronized finally.

The Proposition 3.1 is proved.

#### 4. Numerical Method for Solving System (1.2)

An improved Adams-Bashforth-Moulton predictor-corrector scheme [30] can be employed to solve fractional-order ordinary differential equations. The improved predictor-corrector scheme of system (1.2) can be described as follows.

With the initial value (), , system (1.2) is equivalent to the Volterra integral equations as follows:

Consider the uniform grid for some integers and , system (4.1) can be approximated to the following difference equations: where Errors of the above method are where .

#### 5. Numerical Simulations

Based on the Adams-Bashforth-Moulton predictor-corrector scheme, one can let the master system (1.2) and the slave system (3.1) with parameters , , , , , , , initial values , , , , , . The following numerical simulations are carried out to illustrate the main results.

From the first control law of Proposition 3.1, the linear controllers have the following form: , , . The chaotic attractors of the master system (1.2) and the slave system (3.1) are shown in Figure 1(a). Synchronization errors between systems (1.2) and (3.1) are shown in Figure 1(b). Time evolutions of , , , , and are shown in Figures 1(c)β1(e), respectively. From Figures 1(a)β1(e), it is clear that the projective synchronization is achieved for all these values.

**(a) Chaotic attractors of systems (1.2) and(3.1)**

**(b) Errors between systems (1.2) and(3.1)**

(c) Time evolutions of and |

(d) Time evolutions of and |

(e) Time evolutions of and |

From the second control law of Proposition 3.1, the linear controllers have the following form: , , . The chaotic attractors of the master system (1.2) and the slave system (3.1) are shown in Figure 2(a). Synchronization errors between systems (1.2) and (3.1) are shown in Figure 2(b). Time evolutions of , , , , , and are shown in Figures 2(c)β2(e), respectively. From Figures 2(a)β2(e), it is clear that the projective synchronization is achieved for all these values.

**(a) β Chaotic attractors of systems (1.2) and(3.1)**

**(b) Errors between systems (1.2) and(3.1)**

(c) Time evolutions of and |

(d) Time evolutions of and |

(e) Time evolutions of and |

#### 6. Conclusions

In this paper, we propose a projective synchronization scheme of *n*-dimensional chaotic fractional-order systems via line error feedback control, and apply the scheme to achieve synchronization of the chaotic fractional-order financial systems. Numerical simulations validate the main results of this work.

#### Acknowledgment

This work was supported in part by Excellent Young Scientist Foundation of Shandong Province (Grant no. BS2011SF018), National Social Science Foundation of China (Grant no. 12BJY103), Humanities and Social Sciences Foundation of the Ministry of Education of China (Grant no. 11YJCZH200), and Research Project of βSUST Spring Budβ (Grant no. 2010AZZ067).