The first-order differential equation of exponential relaxation can be generalized by using either the fractional derivative in the Riemann–Liouville (R-L) sense and in the Caputo (C) sense, both of a single order less than 1. The two forms turn out to be equivalent. When, however, we use fractional derivatives of distributed order (between zero and 1), the equivalence is lost, in particular on...

In this paper, a new identification of the Lagrange multipliers by means of the Sumudu transform, is employed to  btain a quick and accurate solution to the fractional Black-Scholes equation with the initial condition for a European option pricing problem. Undoubtedly this model is the most well known model for pricing financial derivatives. The fractional derivatives is described in Caputo sen...

In the present review we survey the properties of a transcendental function of the Wright type, nowadays known as M-Wright function, entering as a probability density in a relevant class of self-similar stochastic processes that we generally refer to as time-fractional diffusion processes. Indeed, the master equations governing these processes generalize the standard diffusion equation by means...

In this paper, we apply the concept of Caputo’s H-differentiability, constructed based on the generalized Hukuhara difference, to solve the fuzzy fractional differential equation (FFDE) with uncertainty. This is in contrast to conventional solutions that either require a quantity of fractional derivatives of unknown solution at the initial point (Riemann–Liouville) or a solution with increasing...

In this paper, a new approach to stability for fractional order control system is proposed. Here a dynamic system whose behavior can be modeled by means of differential equations involving fractional derivatives. Applying Laplace transforms to such equations, and assuming zero initial conditions, causes transfer functions with no integer powers of the Laplace transform variable s to appear. In ...

This work is devoted to the study of solutions around an α-singular point x0 ∈ [a, b] for linear fractional differential equations of the form [Lnα(y)](x) = g(x, α), where [Lnα(y)](x) = y(nα)(x)+ n−1 ∑ k=0 ak(x)y (kα)(x) with α ∈ (0, 1]. Here n ∈ N , the real functions g(x) and ak(x) (k = 0, 1, . . . , n−1) are defined on the interval [a, b], and y(nα)(x) represents sequential fractional deriva...

A new method that enables easy and convenient discretization of partial differential equations with derivatives of arbitrary real order (so-called fractional derivatives) and delays is presented and illustrated on numerical solution of various types of fractional diffusion equation. The suggested method is the development of Podlubny’s matrix approach (Fractional Calculus and Applied Analysis, ...

In this paper, we deal with the convolution series that are a far reaching generalization of conventional power and fractional exponents including Mittag-Leffler type functions. Special attention is given to most interesting case generated by Sonine kernels. first formulate prove second fundamental theorem for general integrals $n$-fold sequential derivatives both Riemann-Liouville Caputo types...

Fractional derivative models involving generalized Mittag-Leffler kernels and opposing are investigated. We first replace the classical with GMLK in order to obtain new fractional-order (GMLK) three parameters that utilize a spectral collocation method based on Legendre’s polynomials for evaluating numerical solutions of pr. then construct scheme by using Legendre polynomials. In model, we dire...

In this article, by using the spectral analysis of the relevant linear operator and Gelfand’s formula, some properties of the first eigenvalue of a fractional differential equation are obtained. Based on these properties and through the fixed point index theory, the singular nonlinear fractional differential equations with Riemann–Stieltjes integral boundary conditions involving fractional deri...