Numerical Approximation of Riccati Fractional Differential Equation in the Sense of Caputo-Type Fractional Derivative

Abstract

The Riccati differential equation is a well-known nonlinear differential equation and has different applications in engineering and science domains, such as robust stabilization, stochastic realization theory, network synthesis, and optimal control, and in financial mathematics. In this study, we aim to approximate the solution of a fractional Riccati equation of order 0