The doubly dispersive (DD) equation finds extensive utility across scientific and engineering domains. It stands as a significant nonlinear physical model elucidating nonlinear wave propagation within the elastic inhomogeneous Murnaghan's rod (EIMR). With this in mind, we have focused on the integration of the DD model and the modified Khater (MK) method. Through the wave transformation, this model is effectively converted into an ordinary differential equation. In this paper, the goal of our work is to explore new wave solutions to the DD model by using the MK scheme. These solutions provide extremely helpful insights into the operation of the system. The three-dimensional (3D) plot and two-dimensional (2D) combined plot via the impacts of the parameters are provided for various parameters in this manuscript. We also discussed the dynamical properties of the model, which are accomplished through the bifurcation analysis, and also found the Hamiltonian function. This research makes a substantial contribution to the area by increasing our understanding of wave solutions in the DD, introducing novel investigation tools, and carrying out an in-depth investigation of the bifurcation and stability aspects of the system. As a direct result of this research, novel openings have been uncovered for further investigation and application in the various disciplines of science and engineering.
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