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Economy

Clone of Burnie COVID-19 outbreak demo model version 2

Rajaa Sajjad
A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover
AssumptionsGovt policy reduces infection and economic growth in the same way.
Govt policy is trigger when reported COVID-19 case are 10 or less.
A greater number of COVID-19 cases has a negative effect on the economy.  This is due to economic signalling that all is not well.

Interesting insights
Higher testing rates seem to trigger more rapid government intervention, which reduces infectious cases.  The impact on the economy though of higher detected cases though is negative. 




COVID-19 Burnie Tasmania BMA708 Economy

  • 3 months 1 week ago

Clone of Model of Covid-19 Outbreak in Burnie, Tasmania (Yue Xiang 512994)

Zilin Huang
Simple epidemiological model for Burnie, TasmaniaSIR: Susceptible to infection - Infected - Recovery, Government responses and Economic impacts  

Government policy is activated when there are 10 or fewer reported cases of COVID-19. The more people tested, the fewer people became infected. So the government's policy is to reduce infections by increasing the number of people tested and starting early. At the same time, it has slowed the economic growth (which, according to the model,  will stop for next 52 weeks).

COVID-19 Coronavirus SIR Model Government Economy Burnie Tasmania UTAS BMA708

  • 3 months 6 days ago

Clone of Clone of Burnie COVID-19 outbreak demo model version 2

Rajaa Sajjad
A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover
AssumptionsGovt policy reduces infection and economic growth in the same way.
Govt policy is trigger when reported COVID-19 case are 10 or less.
A greater number of COVID-19 cases has a negative effect on the economy.  This is due to economic signalling that all is not well.

Interesting insights
Higher testing rates seem to trigger more rapid government intervention, which reduces infectious cases.  The impact on the economy though of higher detected cases though is negative. 




COVID-19 Burnie Tasmania BMA708 Economy

  • 3 months 1 week ago

Clone of Energy and Economic Activity

Koya Sato
The statement that there can be no economic activity without  energy and that fossil fuels are finite contrasts with the fact that money is not finite and can be created by governments via their central banks at zero marginal cost whenever needed.

An important fact about COAL, GAS and OIL (especially when produced via fracking) is that their net energy ratios are falling rapidly. In other words the energy needed to extract a given quantity of fossil fuels is constantly increasing. The falling ratio 'EROI' (Energy Return on Energy Invested ) provides yet another warning that we can no longer rely on fossil fuels to power our economies. In 1940 it took the energy of only one barrel of oil to extract 100. Today the energy of 1 barrel of oil will yield only 15. We cannot wait until the ratio falls to 1/1 before we invest seriously in alternative sources of energy, because by then industrial society as we know it doday will have ceased to exist. An EROI of 1:1 means that it takes the energy of one barrel of oil to extract one barrel of oil - oil production would simply stop! 


Energy Economy Fracking

  • 8 months 3 weeks ago

Clone of Burnie COVID-19 outbreak demo model version 2

Lin Ling
A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover
AssumptionsGovt policy reduces infection and economic growth in the same way.
Govt policy is trigger when reported COVID-19 case are 10 or less.
A greater number of COVID-19 cases has a negative effect on the economy.  This is due to economic signalling that all is not well.

Interesting insights
Higher testing rates seem to trigger more rapid government intervention, which reduces infectious cases.  The impact on the economy though of higher detected cases though is negative. 




COVID-19 Burnie Tasmania BMA708 Economy

  • 3 months 1 week ago

Clone of Model of Covid-19 Outbreak in Burnie, Tasmania (Yue Xiang 512994)

Lin Ling
Simple epidemiological model for Burnie, TasmaniaSIR: Susceptible to infection - Infected - Recovery, Government responses and Economic impacts  

Government policy is activated when there are 10 or fewer reported cases of COVID-19. The more people tested, the fewer people became infected. So the government's policy is to reduce infections by increasing the number of people tested and starting early. At the same time, it has slowed the economic growth (which, according to the model,  will stop for next 52 weeks).

COVID-19 Coronavirus SIR Model Government Economy Burnie Tasmania UTAS BMA708

  • 3 months 6 days ago

Clone of Burnie COVID-19 outbreak demo model version 2

Lin Ling
A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover
AssumptionsGovt policy reduces infection and economic growth in the same way.
Govt policy is trigger when reported COVID-19 case are 10 or less.
A greater number of COVID-19 cases has a negative effect on the economy.  This is due to economic signalling that all is not well.

Interesting insights
Higher testing rates seem to trigger more rapid government intervention, which reduces infectious cases.  The impact on the economy though of higher detected cases though is negative. 




COVID-19 Burnie Tasmania BMA708 Economy

  • 3 months 1 week ago

Clone of Clone of Burnie COVID-19 outbreak demo model version 2

Lin Ling
A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover
AssumptionsGovt policy reduces infection and economic growth in the same way.
Govt policy is trigger when reported COVID-19 case are 10 or less.
A greater number of COVID-19 cases has a negative effect on the economy.  This is due to economic signalling that all is not well.

Interesting insights
Higher testing rates seem to trigger more rapid government intervention, which reduces infectious cases.  The impact on the economy though of higher detected cases though is negative. 




COVID-19 Burnie Tasmania BMA708 Economy

  • 3 months 1 week ago

Clone of Burnie COVID-19 outbreak demo model version 2

Lin Ling
A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover
AssumptionsGovt policy reduces infection and economic growth in the same way.
Govt policy is trigger when reported COVID-19 case are 10 or less.
A greater number of COVID-19 cases has a negative effect on the economy.  This is due to economic signalling that all is not well.

Interesting insights
Higher testing rates seem to trigger more rapid government intervention, which reduces infectious cases.  The impact on the economy though of higher detected cases though is negative. 




COVID-19 Burnie Tasmania BMA708 Economy

  • 3 months 1 week ago

Clone of Burnie COVID-19 outbreak demo model version 2

Zilin Huang
A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover
AssumptionsGovt policy reduces infection and economic growth in the same way.
Govt policy is trigger when reported COVID-19 case are 10 or less.
A greater number of COVID-19 cases has a negative effect on the economy.  This is due to economic signalling that all is not well.

Interesting insights
Higher testing rates seem to trigger more rapid government intervention, which reduces infectious cases.  The impact on the economy though of higher detected cases though is negative. 




COVID-19 Burnie Tasmania BMA708 Economy

  • 3 months 6 days ago

Clone of Assignment 3

Zilin Huang
This model aims to show that how Tasmania government's Covid-19 policy can address the spread of the pandemic and in what way these policy can damage the economy.
This model assumes that if the COVID-19 cases are more than 10, the government will take action such as quarantine and lockdown at the area. These policy can indirectly affect the local economy in many different way. At the same time, strict policy may be essential for combating Covid-19.
From the simulation of the model, we can clearly see that the economy of Burine will be steady increase when government successfully reduces the COVID-19 cased and make it spreading slower.

COVID-19 Burnie Economy

  • 3 months 6 days ago

Clone of Energy transition to lower EROI sources (v2.5)

Phillip Trotter
A detailed description of all model input parameters is available here. These are discussed further here and here.

Update 14 December 2015 (v2.5): correction to net output basis LCOE calculation, to include actual self power demand for wind, PV and batteries in place of "2015 reference" values.

Update 20 November 2015 (v2.4): levelised O&M costs now added for wind & PV, so that complete (less transmission-related investments) LCOE for wind and PV is calculated, for both gross and net output.

Update 18 November 2015 (v2.3: development of capital cost estimates for wind, PV and battery buffering, adding levelised capital cost per unit net output, for comparison with levelised capital cost per unit gross output. Levelised capital cost estimate has been substantially refined, bringing this into line with standard practice for capital recovery calculation. Discount rate is user adjustable.

Default maximum autonomy periods reduced to 48 hours for wind and 72 hours for PV.

Update 22 October 2015 (v2.2): added ramped introduction of wind and PV buffering capacity. Wind and PV buffering ramps from zero to the maximum autonomy period as wind and PV generated electricity increases as a proportion of overall electricity supply. The threshold proportion for maximum autonomy period is user adjustable. Ramping uses interpolation based on an elliptical curve between zero and the threshold proportion, to avoid discontinuities that produce poor response shape in key variables.

Update 23 September 2015 (v2.1): added capital investment calculation and associated LCOE contribution for wind generation plant, PV generation plant and storage batteries.

**This version (v2.0) includes refined energy conversion efficiency estimates, increasing the global mean efficiency, but also reducing the aggressiveness of the self-demand learning curves for all sources. The basis for the conversion efficiencies, including all assumptions relating to specific types of work & heat used by the economy, is provided in this Excel spreadsheet.

Conversion of self power demand to energy services demand for each source is carried out via a reference global mean conversion efficiency, set as a user input using the global mean conversion efficiency calculated in the model at the time of transition commencement (taken to be the time for which all EROI parameter values are defined. A learning curve is applied to this value to account for future improvement in self power demand to services conversion efficiency.**

The original "standard run" version of the model is available here.

Energy EROI Economy

  • 3 months 2 weeks ago

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