This Model was first developed from the SIR model (Susceptible, Infected, Recovered). It was designed to explore relationship between the government policies regarding the COVID-19 and its influences on the economy as well as well-being of local residents. 

Assumptions:

Government policies will be triggered when reported COVID-19 case are 10 or less;

Government policies reduces the infection and economic growth at the same time.

Interesting Insights:

In the first two weeks, the infected people showed an exponential growth, in another word, that’s the most important period to control the number of people who got affected. 

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.

Introduction:

This model demonstrates the COVID-19 outbreak in Bernie, Tasmania, and shows the relationship between coVID-19 outbreaks, government policy and the local economy. The spread of pandemics is influenced by many factors, such as infection rates, mortality rates, recovery rates and government policies. Although government policy has brought the Covid-19 outbreak under control, it has had a negative impact on the financial system, and the increase in COVID-19 cases has had a negative impact on economic growth.

Assumptions:

The model is based on different infection rates, including infection rate, mortality rate, detection rate and recovery rate. There is a difference between a real case and a model. Since the model setup will only be initiated when 10 cases are reported, the impact on infection rates and economic growth will be reduced.

Interesting insights:

Even as infection rates fall, mortality rates continue to rise. However, the rise in testing rates and government health policies contribute to the stability of mortality. The model thinks that COVID-19 has a negative impact on offline industry and has a positive impact on online industry.