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Title: Efficient social distancing during the COVID-19 pandemic: integrating economic and public health considerations
Authors: Chen, Kexin
Pun, Chi Seng
Wong, Hoi Ying
Keywords: Science::Mathematics
Issue Date: 2023
Source: Chen, K., Pun, C. S. & Wong, H. Y. (2023). Efficient social distancing during the COVID-19 pandemic: integrating economic and public health considerations. European Journal of Operational Research, 304(1), 84-98.
Journal: European Journal of Operational Research
Abstract: Although social distancing can effectively contain the spread of infectious diseases by reducing social interactions, it may have economic effects. Crises such as the COVID-19 pandemic create dilemmas for policymakers because the long-term implementation of restrictive social distancing policies may cause massive economic damage and ultimately harm healthcare systems. This paper proposes an epidemic control framework that policymakers can use as a data-driven decision support tool for setting efficient social distancing targets. The framework addresses three aspects of the COVID-19 pandemic that are related to social distancing or community mobility data: modeling, financial implications, and policy-making. Thus, we explore the COVID-19 pandemic and concurrent economic situation as functions of historical pandemic data and mobility control. This approach allows us to formulate an efficient social distancing policy as a stochastic feedback control problem that minimizes the aggregated risks of disease transmission and economic volatility. We further demonstrate the use of a deep learning algorithm to solve this control problem. Finally, by applying our framework to U.S. data, we empirically examine the efficiency of the U.S. social distancing policy.
ISSN: 0377-2217
DOI: 10.1016/j.ejor.2021.11.012
Rights: © 2021 Elsevier B.V. All rights reserved.
Fulltext Permission: none
Fulltext Availability: No Fulltext
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