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EVENTS

RESEARCH

DESIGNING AN OPTIMAL SEQUENCE OF NON‐PHARMACEUTICAL INTERVENTIONS FOR CONTROLLING COVID-19

[ARTICLE] This paper presents a Mixed Integer Non-Linear Programming (MINLP) epidemic model to optimize non-pharmaceutical interventions (NPIs) during COVID-19, considering healthcare shortages.

by Laurent ALFANDARI, Debajyoti BISWAS (ESSEC Business School)

The COVID-19 pandemic has had an unprecedented impact on global health and the economy since its inception in December, 2019 in Wuhan, China. Non-pharmaceutical interventions (NPI) like lockdowns and curfews have been deployed by affected countries for controlling the spread of infections. In this paper, we develop a Mixed Integer Non-Linear Programming (MINLP) epidemic model for computing the optimal sequence of NPIs over a planning horizon, considering shortages in doctors and hospital beds, under three different lockdown scenarios. We analyse two strategies - centralised (homogeneous decisions at the national level) and decentralised (decisions differentiated across regions), for two objectives separately - minimization of infections and deaths, using actual pandemic data of France. We linearize the quadratic constraints and objective functions in the MINLP model and convert it to a Mixed Integer Linear Programming (MILP) model. A major result that we show analytically is that under the epidemic model used, the optimal sequence of NPIs always follows a decreasing severity pattern. Using this property, we further simplify the MILP model into an Integer Linear Programming (ILP) model, reducing computational time up to 99%. Our numerical results show that a decentralised strategy is more effective in controlling infections for a given severity budget, yielding up to 20% lesser infections, 15% lesser deaths and 60% lesser shortages in healthcare resources. These results hold without considering logistics aspects and for a given level of compliance of the population.

[Please read the research paper here]

Research list
MULTIVARIATE VOLATILITY FORECASTS FOR STOCK MARKET INDICES

MULTIVARIATE VOLATILITY FORECASTS FOR STOCK MARKET INDICES

[ARTICLE] This study forecasts realized variance for major international stock market indices, incorporating jump, continuous, and option-implied variance components, using ...
DYNAMICS OF VARIANCE RISK PREMIA: A NEW MODEL FOR DISENTANGLING THE PRICE OF RISK

DYNAMICS OF VARIANCE RISK PREMIA: A NEW MODEL FOR DISENTANGLING THE PRICE OF RISK

[ARTICLE] This paper presents a dynamic model for the variance risk premium that separates the continuous component from jump impacts, ...
MINIMUM COST NETWORK DESIGN IN STRATEGIC ALLIANCES

MINIMUM COST NETWORK DESIGN IN STRATEGIC ALLIANCES

[ARTICLE] This paper investigates the impact of transaction costs on the viability of strategic alliances in service network design, highlighting ...
PROBABILISTIC FORECASTING OF BUBBLES AND FLASH CRASHES

PROBABILISTIC FORECASTING OF BUBBLES AND FLASH CRASHES

[ARTICLE] This paper proposes a near explosive random coefficient autoregressive model (NERC) to predict probabilities of bubbles and crashes in ...
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