The normalization condition, average values, and reduced distribution functions can be generalized by fractional integrals. The interpretation of the fractional analog of phase space as a space with noninteger dimension is discussed. A fractional (power) system is described by the fractional powers of coordinates and momenta. These systems can be considered as non-Hamiltonian systems in the usu...

Fractional partial differential equations with more than one fractional derivative term in time, such as the Szabo wave equation, or the power law wave equation, describe important physical phenomena. However, studies of these multi-term time-space or time fractional wave equations are still under development. In this paper, multi-term modified power law wave equations in a finite domain are co...

We consider dynamical systems that are described by fractional power of coordinates and momenta. The fractional powers can be considered as a convenient way to describe systems in the fractional dimension space. For the usual space the fractional systems are non-Hamiltonian. Generalized transport equation is derived from Liouville and Bogoliubov equations for fractional systems. Fractional gene...

Under some special environments in China, there exit moving radio radiations with high transmission powers that can degrade the performance of the power line communications(PLC) systems significantly. Such radiations overlap with the OFDM-based signals in time and frequency domains, and hence it is very difficult to mitigate directly if not possible. The paper introduced the fractional Fourier ...

Empirical studies show that the volatility may exhibit correlations that decay as a fractional power of the time offset. The paper presents a rigorous analysis for the case when the stationary stochastic volatility model is constructed in terms of a fractional Ornstein Uhlenbeck process to have such correlations. It is shown how the associated implied volatility has a term structure that is a f...

The power law wave equation uses two different fractional derivative terms to model wave propagation with power law attenuation. This equation averages complex nonlinear dynamics into a convenient, tractable form with an explicit analytical solution. This paper develops a random walk model to explain the appearance and meaning of the fractional derivative terms in that equation, and discusses a...

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...