Collapse of the economy, not just recession, is now very likely. To give just one possible cause, in the U.S. the fracking industry is in deep trouble. It is not only that most fracking companies have never achieved a free cash flow (made a profit) since the fracking boom started in 2008, but that  an already very weak  and unprofitable oil industry cannot cope with extremely low oil prices. The result will be the imminent collapse of the industry. However, when the fracking industry collapses in the US, so will the American economy – and by extension, probably, the rest of the world economy. To grasp a second and far more serious threat it is vital to understand the phenomenon of ‘Global Dimming’. Industrial activity not only produces greenhouse gases, but emits also sulphur dioxide which converts to reflective sulphate aerosols in the atmosphere. Sulphate aerosols act like little mirrors that reflect sunlight back into space, cooling the atmosphere. But when economic activity stops, these aerosols (unlike carbon dioxide) drop out of the atmosphere, adding perhaps as much as 1° C to global average temperatures. This can happen in a very short period time, and when it does mankind will be bereft of any means to mitigate the furious onslaught of an out-of-control and merciless climate. The data and the unrelenting dynamic of the viral pandemic paint bleak picture.  As events unfold in the next few months,  we may discover that it is too late to act,  that our reign on this planet has, indeed,  come to an abrupt end?  

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 shows the COVID-19 outbreaks in Burnie and the Government intervention to alleviate the crisis and also how is the intervention affect the economy.

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

Model di samping adalah model SEIR yang telah dimodifikasi sehingga dapat digunakan untuk menyimulasikan perkembangan penyebaran COVID-19.

This model is comparing healthy and sick residents in Burnie, Tasmania after the Covid-19 Outbreak in 2020. It will also show how the Burnie economy is effected by the disease, how the Government Health Policies are implemented and how they are enforced.

This model is based on the SIR, Susceptible, Infection, Recovery (or Removed) These are the three possible states related to the members of the Burnie population when a contagious decease spreads.

The Government/Government Health Policy, played a big part in the successful decrease in Covid-19 infections. The Government enforced the following.
- No travel (interstate or international)
- Isolation within the residents homes
- Social distancing by 1.5m
- Quarantine
- Non essential companies to be temporarily closed
- Limitations on public gatherings
- And limits on time and kilometers aloud to travel from ones home within a local community

This resulted in lower reported infection rates of Covid-19 and higher recovery rates.

In my opinion: When the first case was reported the Government could have been even faster to enforce these rules to decrease the fatality rates further for the Burnie, population.  

Assumption: Government policies were only triggered when 10 cases were recorded.
Also, more cases that had been recorded effected the economic growth during this time.

Interesting Findings: In the simulation it shows as the death rates increases towards the end of the week, the rate of testing goes down. You would think that the government would have enforced a higher testing rate over the duration of this time to decrease the number of infections, exposed which would increase the recovery rates faster and more efficiently.  

Figures have been determined by the population of Burnie being 19,380 at the time of assignment.

[The Model of COVID-19 Pandemic Outbreak in Burnie, TAS]

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.

SARS-CoV-19 spread in different countries

The SEIRS(D) model for the purpose of experimenting with the phenomena of viral spread. I use it for COVID-19 simulation.

SARS-CoV-19 spread in different countries

Ausbreitung von SARS-CoV-19 in verschiedenen Ländern
- bitte passen Sie die Variablen über die Schieberegler weiter unten entsprechend an

Italien

    ältere Bevölkerung (>65): 0,228
    Faktor der geschätzten unentdeckten Fälle: 0,6
    Ausgangsgröße der Bevölkerung: 60 000 000
    hoher Blutdruck: 0,32 (gbe-bund)
    Herzkrankheit: 0,04 (statista)
    Anzahl der Intensivbetten: 3 100


Deutschland

    ältere Bevölkerung (>65): 0,195 (bpb)
    geschätzte unentdeckte Fälle Faktor: 0,2 (deutschlandfunk)
    Ausgangsgröße der Bevölkerung: 83 000 000
    hoher Blutdruck: 0,26 (gbe-bund)
    Herzkrankheit: 0,2-0,28 (Herzstiftung)
    Anzahl der Intensivbetten: 5 880


Frankreich

    ältere Bevölkerung (>65): 0,183 (statista)
    Faktor der geschätzten unentdeckten Fälle: 0,4
    Ausgangsgröße der Bevölkerung: 67 000 000
    Bluthochdruck: 0,3 (fondation-recherche-cardio-vasculaire)
    Herzkrankheit: 0,1-0,2 (oecd)
    Anzahl der Intensivbetten: 3 000


Je nach Bedarf:

    Anzahl der Begegnungen/Tag: 1 = Quarantäne, 2-3 = soziale Distanzierung , 4-6 = erschwertes soziales Leben, 7-9 = überhaupt keine Einschränkungen // Vorgabe 2
    Praktizierte Präventivmassnahmen (d.h. sich regelmässig die Hände waschen, das Gesicht nicht berühren usw.): 0.1 (niemand tut etwas) - 1 (sehr gründlich) // Vorgabe 0.8
    Aufklärung durch die Regierung: 0,1 (sehr schlecht) - 1 (sehr transparent und aufklärend) // Vorgabe 0,9
    Immunitätsrate (aufgrund fehlender Daten): 0 (man kann nicht immun werden) - 1 (wenn man es einmal hatte, wird man es nie wieder bekommen) // Vorgabe 0,4


Schlüssel

    Anfällige: Menschen sind nicht mit SARS-CoV-19 infiziert, könnten aber infiziert werden
    Infizierte: Menschen sind infiziert worden und haben die Krankheit COVID-19
    Geheilte: Die Menschen haben sich gerade von COVID-19 erholt und können es in diesem Stadium nicht mehr bekommen
    Tote: Menschen starben wegen COVID-19
    Immunisierte: Menschen wurden immun und können die Krankheit nicht mehr bekommen
    Kritischer Prozentsatz der Wiederherstellung: Überlebenschance ohne spezielle medizinische Behandlung

A simple feedback loop of the COVID-19 pandemic.

SARS-CoV-19 spread in different countries