Modern economics was born in the Marginal revolution and the Keynesian revolution. These
revolutions led to the emergence of fundamental concepts and methods in economic theory …

Application of fractional differential equation in economic growth model: A systematic review
approach Page 1 AIMS Mathematics, 6(9): 10266–10280. DOI: 10.3934/math.2021594 …

Inventory control is a widely discussed topic in the real world, and recently, it has become
closely linked to concerns about carbon emissions and global warming. Global warming is a …

Mathematical economics is a theoretical and applied science in which economic objects,
processes, and phenomena are described by using mathematically formalized language. In …

In this paper, a fractional-order SIRD mathematical model is presented with Caputo
derivative for the transmission of COVID-19 between humans. We calculate the steady …

Inventory control is one of the most widely recognized issues in the reality. This investigation
manages the utilization of fractional derivatives and integration on an inventory control …

The key objective of this paper is to study and discuss the application of fractional calculus
on an arbitrary-order inventory control problem. Using the concepts of fractional calculus …

A generalization of the economic order quantity (EOQ) model is taken into account to study
the memory effect in the inventory model. Fractional calculus is one of the efficient medium …

In this paper, a discrete-time SEIR measles epidemic model with fractional-order and
constant vaccination is investigated. The basic reproduction number with an algebraic …

Our purpose of the paper is to propose an inventory modelwith memory effect. Generally, in
deriving the solution of the classical inventory model, first order differential equation is …