Bass Model Models

These models and simulations have been tagged “Bass Model”.

A very simple Bass model adopted from the Insight maker page
A very simple Bass model adopted from the Insight maker page
A simply constructed Bass model with Steve's guidance
A simply constructed Bass model with Steve's guidance
Simple bass model which shows the diffusion of the innovation
Simple bass model which shows the diffusion of the innovation
  Explanation   This model shows the COVID-19 outbreak in Burnie and how the government policy impacts the economy. The possible phases when the infectious disease spreads in Burnie can be labelled as Susceptible, Infection and Recovery, which are main factors in the model. It is concluded that the
Explanation
This model shows the COVID-19 outbreak in Burnie and how the government policy impacts the economy. The possible phases when the infectious disease spreads in Burnie can be labelled as Susceptible, Infection and Recovery, which are main factors in the model. It is concluded that the government policy can reduce the infectious disease and also the impact in the overall economy.

Assumption
The Government Healthy Policy will affect the decrease in the infection and economy growth rate at the same time.

The Government Health Policy is only triggered when there are more than 10 cases

The increase in number of COVID-19 cases can affect negatively towards the economic growth.

Interesting Insights:
The Government's vaccination promote will reduce the possibility of spreading the infectious disease. 

When vaccination rate increase, the dead, infected people and susceptible group will all decrease. This reveals that the crucial role in government's vaccination promote program.

When there is more than 10 confirmed cases, the government policies can effectively reduce the infections and the overall economic activities.


  Explanation:    Explanation:  This model presents the COVID-19 outbreak in Burnie and how the government reacts to it. Moreover, the model also illustrates how the economy in Burnie is impacted by the pandemic. The possible stages of residents when the infectious disease spreads in Burnie can be c
Explanation:
Explanation:
This model presents the COVID-19 outbreak in Burnie and how the government reacts to it. Moreover, the model also illustrates how the economy in Burnie is impacted by the pandemic. The possible stages of residents when the infectious disease spreads in Burnie can be concluded as Susceptible, Infection and Recovery, which are used as the main data in this model. However, the improvement of decreasing of reported infection rates of this infectious disease and increasing of recovery rates are contributed by the implementation of the Government Health Policy. 

Assumption
The decrease of both infection rate and economic growth are all influenced by the Government Health Policy simultaneously. The Government Health Policy is only triggered when there are 10 cases reported. However, the increase in reporting COVID-19 cases affects economic growth negatively. 

Interesting Insights:
There are two interesting insights that have been revealed from the simulation. First, the death rate continuously increased even though the infection rate goes down. However, the increase in testing rates contributed to the stability of the death rate towards the end of the week. Moreover, higher testing rates also trigger faster government intervention, which can reduce infectious cases.  Second, as the Government Health Policy limited the chance of going out and shopping, the economic growth is negative due to the higher cases. 

This is first model we have created.  This is a vey simple Bass model. Also important in product adoption and diffusion of innovations
This is first model we have created.  This is a vey simple Bass model. Also important in product adoption and diffusion of innovations
  Explanation:    Explanation:  This model presents the COVID-19 outbreak in Burnie and how the government reacts to it. Moreover, the model also illustrates how the economy in Burnie is impacted by the pandemic. The possible stages of residents when the infectious disease spreads in Burnie can be c
Explanation:
Explanation:
This model presents the COVID-19 outbreak in Burnie and how the government reacts to it. Moreover, the model also illustrates how the economy in Burnie is impacted by the pandemic. The possible stages of residents when the infectious disease spreads in Burnie can be concluded as Susceptible, Infection and Recovery, which are used as the main data in this model. However, the improvement of decreasing of reported infection rates of this infectious disease and increasing of recovery rates are contributed by the implementation of the Government Health Policy. 

Assumption
The decrease of both infection rate and economic growth are all influenced by the Government Health Policy simultaneously. The Government Health Policy is only triggered when there are 10 cases reported. However, the increase in reporting COVID-19 cases affects economic growth negatively. 

Interesting Insights:
There are two interesting insights that have been revealed from the simulation. First, the death rate continuously increased even though the infection rate goes down. However, the increase in testing rates contributed to the stability of the death rate towards the end of the week. Moreover, higher testing rates also trigger faster government intervention, which can reduce infectious cases.  Second, as the Government Health Policy limited the chance of going out and shopping, the economic growth is negative due to the higher cases. 

Our first simulation shows the diffusion of innovation. We added a slider and button to run the simulation
Our first simulation shows the diffusion of innovation. We added a slider and button to run the simulation