BMA708 Models
These models and simulations have been tagged “BMA708”.
These models and simulations have been tagged “BMA708”.
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.
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.
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.
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.
Overview
This model simulates logging and mountain biking competition in Derby, Tasmania. The Simulation is referenced to simulate Derby mountain biking with logging.
Model Work
The tourism industry is represented on the model's left side, and the logging industry is on the right side. Interactions between these two industries generate tax revenues. Logging and tourism have different growth rates regarding people working/consuming. The initial values of these two industries in the model are not fixed but increase yearly due to inflation or economic growth.
Detail Insights
From the perspective of tourism, as the number of tourists keeps growing, the number of people who choose to ride in Derby City also gradually increases. And the people who ride rate the ride. The negative feedback feeds back into the cycling population. Similarly, positive cycling reviews lead to more customer visits. And all the customers will create a revenue through tourism, and a certain proportion of the income will become tourism tax.
From a logging perspective, it is very similar to the tourism industry. As the number of people working in the industry is forecast to increase, the industry's overall size is predicted to grow. And as the industry's size continues to rise, the taxes on the logging industry will also continue to rise. Since logging is an industry, the tax contribution will be more significant than the tourism excise tax.
This model assumption is illustrated below:
1. The amount of tax reflects the level of industrial development.
2. The goal of reducing carbon emissions lets us always pay attention to the environmental damage caused by the logging industry.
3. The government's regulatory goal is to increase overall income while ensuring the environment.
4. Logging will lead to environmental damage, which will decrease the number of tourists.
This model is based on tourism tax revenue versus logging tax revenue. Tourism tax revenue is more incredible than logging tax revenue, indicating a better environment. As a result of government policy, the logging industry will be heavily developed in the short term. Growth in the logging industry will increase by 40%. A growth rate of 0.8 and 0.6 of the original is obtained when logging taxes are 2 and 4 times higher than tourism taxes.
Furthermore, tourism tax and logging tax also act on the positive rate, which is the probability that customers give a positive evaluation. The over-development of the logging industry will lead to the destruction of environmental resources and further affect the tourism industry. The logging tax will also affect the tourism Ride Rate, which is the probability that all tourism customers will choose Derby city.
This model more accurately reflects logging and tourism's natural growth and ties the two industries together environmentally. Two ways of development are evident in the two industries. Compared to tourism, logging shows an upward spiral influenced by government policies. Government attitudes also affect tourism revenue, but more by the logging industry.
Overview
This model not only reveals the conflict between proposed logging of adjacent coups and Mountain bike in Derby but also simulates competition between them. The simulation model aims to investigate the potential coexistence opportunities between the mountain biking and forestry and find out the optimal point for coexistence to help improve Tasmania’s economy.
How the model works
It is recognized that the mountain biking and forestry industries can help support the Tasmanian community and strengthen the Tasmanian economy. The logging and forest sector in Derby can help the local community generate wealth and create more employment opportunities. The sector main source of income come from selling timber such as domestic and export sales. Nevertheless, the sector’s profit has decreased over the past few years on account of the weaker demand and reduced output. Accordingly, the profitability and output of the sector have fluctuated in response to the availability of timber, the timber price movements as well as the impact of changing demand conditions in downstream timber processing sectors. The slow growth rate for a timber has a negative impact on the profitability of the forestry industry and the economic contribution of this industry is set to grow slower, as there is a positive correlation between these variables. In addition, the mountain biking industry in Derby can bring a huge significant economic contribution to the local community. The revenue streams of the industry come from bike rental, accommodation, retail purchase and meals and beverages. These variables also influence the past experience which is positive correlation between reviews and satisfaction that can impact the demand for the mountain biking trails. More importantly, the low regeneration rate for a timber can have a negative impact on the landscape of the mountain biking and the tourist’s past experience that led to a decrease in the demand of tourists for the mountain biking, as the reviews and satisfaction are dependent on the landscape and past experience. It is evident that the industry not only helps the local community generate wealth through industry value addition but also creates a lot of employment opportunities. Therefore, the Mountain Bike Trails can be regarded as sustainable tourism that can help increase employment opportunities and economic contribution that can be of main economic significance to the Tasmania’s economy. Therefore, both industries can co-exist that can maximise the economic contribution to the local community and the Tasmanian economy.
Interesting Insights
It is interesting to note that the activity of cutting down trees does not influence the development of Mountain Biking industry. By lowering the prices of accommodation, food, bike rental and souvenirs, it can help increase the reviews and recommendations of Mountain Biking that will enhance the number of tourists. In this case, the Mountain Biking industry can achieve sustainable economic growth in the long-term while the economic growth rate of forestry industry will continue to decrease.
