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Pandemic risk management: Resources contingency planning and allocation

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  • Chen, Xiaowei
  • Chong, Wing Fung
  • Feng, Runhuan
  • Zhang, Linfeng

Abstract

The repeated history of pandemics, such as SARS, H1N1, Ebola, Zika, and COVID-19, has shown that pandemic risk is inevitable. Extraordinary shortages of medical resources have been observed in many parts of the world. Some attributing factors include the lack of sufficient stockpiles and the lack of coordinated efforts to deploy existing resources to the locations of greatest need.

Suggested Citation

  • Chen, Xiaowei & Chong, Wing Fung & Feng, Runhuan & Zhang, Linfeng, 2021. "Pandemic risk management: Resources contingency planning and allocation," Insurance: Mathematics and Economics, Elsevier, vol. 101(PB), pages 359-383.
    • Handle: RePEc:eee:insuma:v:101:y:2021:i:pb:p:359-383
    DOI: 10.1016/j.insmatheco.2021.08.001
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    Cited by:

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    2. Peter Silwimba & Olajide Solomon Fadun, 2022. "Allocation of resources for risk management activities by business organisations in developing countries: Evidence from Zambia," Bussecon Review of Social Sciences (2687-2285), Bussecon International Academy, vol. 4(2), pages 15-24, April.
    3. Yetong Mai & Junzhu Wu & Qianying Zhang & Qiqi Liang & Yingying Ma & Zhuojun Liu, 2022. "Confront or Comply? Managing Social Risks in China’s Urban Renewal Projects," Sustainability, MDPI, vol. 14(19), pages 1-19, October.

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    More about this item

    Keywords

    Pandemic risk management; COVID-19; Contingency planning; Stockpiling; Emergency response; Resources allocation; Rationing;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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