Model of Covid-19 outbreak in Burnie, Tasmania
This model was designed from SIR model(susceptible, infected, revovered) to find out the effect of covid-19 outbreak into economic outcomes via government policy.
Assumptions
The government policy is triggered when number of infected is more than ten.
The government policies will take negative effect into Covid-19 outbreaks and financial system
Parameters
We set some fixed and adjusted variables.
Covid-19 outbreak's parameter
Fixed parameters: Infection rate, Background disease, recovery rate.
Adjusted parameter: Immunity loss rate can be change from vaccination rate.
Government policy's parameters
Adjusted parameters: Testing rate(from 0.15 to 0.95), vaccination rate(from 0.3 to 1), travel ban(from 0 to 0.9), social distancing(from 0.1 to 0.8), Quarantine(from 0.1 to 0.9)
Economic's parameters
Fixed parameter: Tourism
Adjusted parameter: Economic growth rate(from 0.3 to 0.5)
Interesting insight
Increase vaccination rate and testing rate will decrease the number amount of infected case and a little bit more negative effect to economic system. However economic system still need a long time to recover in both cases.
