This Model was developed from the SEIR model (Susceptible, Enposed, Infected, Recovered). It was designed to explore relationships between the government policies regarding the COVID-19 and its impact upon the economy as well as well-being of residents.
Assumptions:
Government policies will be triggered when reported COVID-19 case are 10 or less;
Government Policies affect the economy and the COV-19 infection negatively at the same time;
Government Policies can be divided as 4 categories, which are Social Distancing, Business Restrictions, Lock Down, Travel Ban, and Hygiene Level, and they represented strength of different aspects;
Parameters:
Policies like Social Distancing, Business Restrictions, Lock Down, Travel Ban all have different weights and caps, and they add up to 1 in total;
There are 4 cases on March 9th;
Ro= 5.7 Ro is the reproduction number, here it means one person with COVID-19 can potentially transmit the coronavirus to 5 to 6 people;
Interesting Insights:
Economy will grow at the beginning few weeks then becoming stagnant for a very long time;
Exposed people are significant, which requires early policies intervention such as social distancing.
