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Authors = Albert L. Sackitey

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12 pages, 341 KiB  
Article
Dynamics of a Price Adjustment Model with Distributed Delay
by Luca Guerrini, Martin Anokye, Albert L. Sackitey and John Amoah-Mensah
Mathematics 2024, 12(20), 3220; https://doi.org/10.3390/math12203220 - 14 Oct 2024
Viewed by 1078
Abstract
This paper deals with the stability and occurrence of Hopf bifurcation of a distributed delay differential cobweb model using the chain trick technique. This is a generalized form of the fixed delay cobweb model to which it is compared using the same parameter [...] Read more.
This paper deals with the stability and occurrence of Hopf bifurcation of a distributed delay differential cobweb model using the chain trick technique. This is a generalized form of the fixed delay cobweb model to which it is compared using the same parameter values. The results from the delay distribution showed that whenever less weight (γ=0.146) is put on past prices, the current equilibrium price is adjusted upwards while the reverse is observed when a higher weight (γ=0.186) is put on the previous price. It is also observed that if the initial price is set below/above the equilibrium price, the price adjustment either affects the consumers or benefits the suppliers. However, the fixed delay cobweb model does not display the consumers or suppliers benefits of the price dynamics in either direction. These are unique, underlying patterns in price dynamics discovered when using a distributed delay model compared to traditional fixed delay cobweb models. Furthermore, our model challenges the traditional cobweb model’s requirement for divergence, as it is based on the weight assigned to past prices rather than the relationship between the elasticities of supply and demand, which is the determining factor in the classical model. Based on these insights, we recommend that future price adjustment models incorporate distributed delays, as they reveal more intricate price dynamics and provide a more comprehensive understanding of market behavior than fixed delay models. Full article
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12 pages, 339 KiB  
Article
Stability Analysis of a Credit Risk Contagion Model with Distributed Delay
by Martin Anokye, Luca Guerrini, Albert L. Sackitey, Samuel E. Assabil and Henry Amankwah
Axioms 2024, 13(7), 483; https://doi.org/10.3390/axioms13070483 - 18 Jul 2024
Viewed by 1017
Abstract
This research investigates the stability and occurrence of Hopf bifurcation in a credit risk contagion model, which includes distributed delay, using the chain trick method. The model is a generalized version of those previously examined. The model is an expanded version of those [...] Read more.
This research investigates the stability and occurrence of Hopf bifurcation in a credit risk contagion model, which includes distributed delay, using the chain trick method. The model is a generalized version of those previously examined. The model is an expanded version of those previously studied. Comparative analysis showed that unlike earlier models, which only used the nonlinear resistance coefficient to determine the rate of credit risk infection, the credit risk contagion rate is also affected by the weight given to past behaviors of credit risk participants. Therefore, it is recommended to model the transmission of credit risk contagion using dispersed delays. Full article
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23 pages, 939 KiB  
Article
Stability Analysis of Caputo Fractional Order Viral Dynamics of Hepatitis B Cellular Infection
by Michael O. Opoku, Eric N. Wiah, Eric Okyere, Albert L. Sackitey, Emmanuel K. Essel and Stephen E. Moore
Math. Comput. Appl. 2023, 28(1), 24; https://doi.org/10.3390/mca28010024 - 9 Feb 2023
Cited by 4 | Viewed by 2078
Abstract
We present a Caputo fractional order mathematical model that describes the cellular infection of the Hepatitis B virus and the immune response of the body with Holling type II functional response. We study the existence of unique positive solutions and the local and [...] Read more.
We present a Caputo fractional order mathematical model that describes the cellular infection of the Hepatitis B virus and the immune response of the body with Holling type II functional response. We study the existence of unique positive solutions and the local and global stability of virus-free and endemic equilibria. Finally, we present numerical results using the Adam-type predictor–corrector iterative scheme. Full article
(This article belongs to the Special Issue Ghana Numerical Analysis Day)
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