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Final outcomes and disease insurance for a controlled epidemic model

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  • Claude Lefèvre
  • Philippe Picard

Abstract

This paper considers a general epidemic model that the spread of which is partially controlled by a health organization. Our primary goal is to show that standard life insurance principles can be applied to guarantee the insurance coverage of such an epidemic. This leads us to determine the expected value of the final population state and of a total path integral for the process. A more general transform of the epidemic outcomes is then obtained using a special family of bivariate pseudopolynomials.

Suggested Citation

  • Claude Lefèvre & Philippe Picard, 2018. "Final outcomes and disease insurance for a controlled epidemic model," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 34(6), pages 803-815, November.
    • Handle: RePEc:wly:apsmbi:v:34:y:2018:i:6:p:803-815
    DOI: 10.1002/asmb.2341
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    Cited by:

    1. 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.

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