IDEAS home Printed from https://ideas.repec.org/a/wly/syseng/v23y2020i5p656-670.html
   My bibliography  Save this article

Handling the COVID‐19 crisis: Toward an agile model‐based systems approach

Author

Listed:
  • Olivier de Weck
  • Daniel Krob
  • Li Lefei
  • Pao Chuen Lui
  • Antoine Rauzy
  • Xinguo Zhang

Abstract

The COVID‐19 pandemic has caught many nations by surprise and has already caused millions of infections and hundreds of thousands of deaths worldwide. It has also exposed a deep crisis in modeling and exposed a lack of systems thinking by focusing mainly on only the short term and thinking of this event as only a health crisis. In this paper, authors from several of the key countries involved in COVID‐19 propose a holistic systems model that views the problem from a perspective of human society including the natural environment, human population, health system, and economic system. We model the crisis theoretically as a feedback control problem with delay, and partial controllability and observability. Using a quantitative model of the human population allows us to test different assumptions such as detection threshold, delay to take action, fraction of the population infected, effectiveness and length of confinement strategies, and impact of earlier lifting of social distancing restrictions. Each conceptual scenario is subject to 1000+ Monte‐Carlo simulations and yields both expected and surprising results. For example, we demonstrate through computational experiments that maintaining strict confinement policies for longer than 60 days may indeed be able to suppress lethality below 1% and yield the best health outcomes, but cause economic damages due to lost work that could turn out to be counterproductive in the long term. We conclude by proposing a hierarchical Computerized, Command, Control, and Communications (C4) information system and enterprise architecture for COVID‐19 with real‐time measurements and control actions taken at each level.

Suggested Citation

  • Olivier de Weck & Daniel Krob & Li Lefei & Pao Chuen Lui & Antoine Rauzy & Xinguo Zhang, 2020. "Handling the COVID‐19 crisis: Toward an agile model‐based systems approach," Systems Engineering, John Wiley & Sons, vol. 23(5), pages 656-670, September.
  • Handle: RePEc:wly:syseng:v:23:y:2020:i:5:p:656-670
    DOI: 10.1002/sys.21557
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sys.21557
    Download Restriction: no

    File URL: https://libkey.io/10.1002/sys.21557?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Youngna Choi & Raphael Douady, 2012. "Financial crisis dynamics: attempt to define a market instability indicator," Quantitative Finance, Taylor & Francis Journals, vol. 12(9), pages 1351-1365, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:hal:journl:hal-03725493 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ekaterina Panttser & Weidong Tian, 2013. "A Welfare Analysis of Capital Insurance," Risks, MDPI, vol. 1(2), pages 1-24, September.
    2. Piero Mazzarisi & Fabrizio Lillo & Stefano Marmi, 2018. "When panic makes you blind: a chaotic route to systemic risk," Papers 1805.00785, arXiv.org.
    3. Natasa Golo & Guy Kelman & David S. Bree & Leanne Usher & Marco Lamieri & Sorin Solomon, 2015. "Many-to-one contagion of economic growth rate across trade credit network of firms," Papers 1506.01734, arXiv.org.
    4. Fabrizio Lillo & Giulia Livieri & Stefano Marmi & Anton Solomko & Sandro Vaienti, 2021. "Analysis of bank leverage via dynamical systems and deep neural networks," Papers 2104.04960, arXiv.org.
    5. Youngna Choi, 2019. "Borrowing Capacity, Financial Instability, And Contagion," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-25, February.
    6. Marian Gidea & Yuri Katz, 2017. "Topological Data Analysis of Financial Time Series: Landscapes of Crashes," Papers 1703.04385, arXiv.org, revised Apr 2017.
    7. Tsiflikidou, Ioanna-Maria & METAXAS, THEODORE, 2023. "Economic Crises in the 20th century: Brief Review and Comparison," MPRA Paper 122466, University Library of Munich, Germany.
    8. Castellacci, Giuseppe & Choi, Youngna, 2015. "Modeling contagion in the Eurozone crisis via dynamical systems," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 400-410.
    9. Youngna Choi, 2018. "Masked Instability: Within-Sector Financial Risk in the Presence of Wealth Inequality," Risks, MDPI, vol. 6(3), pages 1-15, June.
    10. Mainik Georg & Schaanning Eric, 2014. "On dependence consistency of CoVaRand some other systemic risk measures," Statistics & Risk Modeling, De Gruyter, vol. 31(1), pages 49-77, March.
    11. Tang, Qihe & Tong, Zhiwei & Yang, Yang, 2021. "Large portfolio losses in a turbulent market," European Journal of Operational Research, Elsevier, vol. 292(2), pages 755-769.
    12. Mazzarisi, Piero & Lillo, Fabrizio & Marmi, Stefano, 2019. "When panic makes you blind: A chaotic route to systemic risk," Journal of Economic Dynamics and Control, Elsevier, vol. 100(C), pages 176-199.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:syseng:v:23:y:2020:i:5:p:656-670. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1520-6858 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.