Fixed Point Results for Fuzzy Enriched Contraction in Fuzzy Banach Spaces with Applications to Fractals and Dynamic Market Equillibrium

Abstract

We introduce fuzzy enriched contraction, which extends the classical notion of fuzzy Banach contraction and encompasses specific fuzzy non-expansive mappings. Our investigation establishes both the presence and uniqueness of fixed points considering this broad category of operators using a Krasnoselskij iterative scheme for their approximation. We also show the graphical representation of fuzzy enriched contraction and analyze its graph for different values of beta. The implications of these findings extend to significant results within fuzzy fixed-point theory, enriching the understanding of iterative processes in fuzzy metric spaces. To demonstrate the versatility of our innovative concepts and the associated fixed-point theorems, we provide illustrative examples that showcase their applicability across diverse domains, including the generation of fractals. This demonstrates the relevance of fuzzy enriched contraction to iterated function systems, enabling the study of fractal structures under various contractive conditions. Additionally, we explore practical applications of fuzzy enriched contraction in dynamic market equilibrium, offering new insights into stability and convergence in economic models. Through this unified framework, we open new avenues for both theoretical advancements and real world applications in fuzzy systems.