Tasmania Models
These models and simulations have been tagged “Tasmania”.
These models and simulations have been tagged “Tasmania”.
This model indicate indicates the modeling COVID-19 outbreaks and responses from government policies with the effect on the local economy. Model was occurred at Burnie, Tasmania. The model mainly contains three parts: COVID-19 pandemic outbreak, four differences government policies and what the impact on economy from those policies.
Assumptions:
(1) Various variables influence the model, which can result in varied outcomes. The following values are based on an estimate and may differ from actual values. Government initiatives are focused at reducing Covid-19 infections and, as a result, affecting (both positive and negative) economic growth.
(2) 42% of infected people will recovery. 10% of people who are infected will die and the rate relatively higher due to the much old people living in Burnie, Tasmania.
78% of cases get tested.
(3) Government policy will only be implemented when there are ten or more recorded cases. Four government policies have had influences on infection.
(4) The rising number of instances will have a negative impact on Burnie's economic growth.
Insights:
1. As a result of the government's covid 19 rules, fewer people will be vulnerable. Less people going to be susceptible.
2. After the government policy intervention, there is a effectively reduce of infected people.
3. Overall, there is no big differences of economic performance from the graph, might due to the positive and negative effect of economy. And after two weeks, the economy maintained a level of development without much decline.
Description:
Model of Covid-19 outbreak in Burnie, Tasmania
This model was designed from the SIR model(susceptible, infected, recovered) to determine the effect of the covid-19 outbreak on economic outcomes via government policy.
Assumptions:
The government policy is triggered when the
number of infected is more than ten.
The government policies will take a negative effect on Covid-19 outbreaks and the financial system.
Parameters:
We set some fixed and adjusted variables.
Covid-19 outbreak's parameter
Fixed parameter: Background disease.
Adjusted parameters: Infection rate, recovery rate. Immunity loss rate can be changed from vaccination rate.
Government policy's parameters
Adjusted parameters: Testing rate(from 0.15 to 0.95), vaccination rate(from 0.3 to 1), travel ban(from 0 to 0.9), social distancing(from 0.1 to 0.8), Quarantine(from 0.1 to 0.9)
Economic's parameters
Fixed parameter: Tourism
Adjusted parameter: Economic growth rate(from 0.3 to 0.5)
Interesting insight
An increased vaccination rate and testing rate will decrease the number of infected cases and have a little more negative effect on the economic system. However, the financial system still needs a long time to recover in both cases.
INTRODUCTION
This is a balanced loop model that demonstrates how COVID 19 outbreak in Burnie and the response of the government (e.g. by enforcing health policies: Lockdown; quarantine, non-necessary business closure; border closure) affect the local economy. This model has 13 positive loops and seven negative loops. Government response is dependent on the number of reported COVID-19 cases which in turn thought to be dependent on the testing rates less those who recovered from COVID 19 and dead. Economic activity is dependent on the economic growth rate, increased in online shopping, increased in unemployment, number of people who do not obey the rules, COVID 19 cases and health policies.
ASSUMPTIONS
· Both infection and economic growth is reduced by enforcing government policies
· However, the negative effect of government policies is reduced by the number of people who do not obey government health policies
· Govt policies are enforced when the reported COVID-19 case are 10 or greater.
· Number of COVID cases reported is dependent on the testing rates less those who recovered and dead.
· The higher number of COVID-19 cases have a
negative effect on local economy. This phenomena is known as negative signalling.
· Government policies have a negative effect on economic activity because health policies limit both social and economic activities which directly or indirectly affect the economy in Burnie .
· This negative effect is somewhat reduced by the increase in online shopping and the number of people who do not obey heath rules.
INTERESTING INSIGHTS
The test ratings seem to play a vital role in controlling COVID-19 outbreak. Higher Rates of COVID testings decrease the number of COVID 19 deaths and number of infected. This is because higher rates of testing accelerate the government involvement (as the government intervention is triggered earlier, 10 COVID cases mark is reached earlier). Delaying the government intervention by reducing the COVID testing rates increases the death rates and number of infected.
Increased testing rates allow the figures (deaths, susceptible, infected) to reach a plateau quickly.
