IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2005.08273.html
   My bibliography  Save this paper

Sustaining the economy under partial lockdown: A pandemic centric approach

Author

Listed:
  • Saket Saurabh
  • Ayush Trivedi
  • Nithilaksh P. Lokesh
  • Bhagyashree Gaikwad

Abstract

As the world fights to contain and control the spread of the Novel Coronavirus, countries are imposing severe measures from restrictions on travel and social gatherings to complete lockdowns. Lockdowns, though effective in controlling the virus spread, leaves a massive economic impact. In a country like India with 21.9 % of its population below the poverty line, lockdowns have a direct impact on the livelihood of a large part of the population. Our approach conforms to healthcare and state practices of reducing human to human contact, by optimizing the lockdown strategy. We propose resuming economic activities while keeping healthcare facilities from being overwhelmed. We model the coronavirus pandemic as SEIR dynamic model for a set of states as nodes with certain population and analyze the model output before and after complete lockdown. Social distancing that people would willingly follow, in the no lockdown situation is modeled as being influenced with the knowledge of the current number of infection by imitating Granovetter threshold model. We then provide optimal lockdown policy solutions for the duration of ten weeks using NSGA-II optimization algorithm. While there are many studies that focus on modelling the transmission of COVID-19, ours is one of the few attempts to strike a balance between number of infections and economic operations.

Suggested Citation

  • Saket Saurabh & Ayush Trivedi & Nithilaksh P. Lokesh & Bhagyashree Gaikwad, 2020. "Sustaining the economy under partial lockdown: A pandemic centric approach," Papers 2005.08273, arXiv.org.
    • Handle: RePEc:arx:papers:2005.08273
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2005.08273
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pär Stockhammar & Lars-Erik Öller, 2011. "On the probability distribution of economic growth," Journal of Applied Statistics, Taylor & Francis Journals, vol. 38(9), pages 2023-2041, November.
    2. Julien Arino & P. van den Driessche, 2003. "A multi-city epidemic model," Mathematical Population Studies, Taylor & Francis Journals, vol. 10(3), pages 175-193.
    Full references (including those not matched with items 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. Pablo D. Fajgelbaum & Amit Khandelwal & Wookun Kim & Cristiano Mantovani & Edouard Schaal, 2021. "Optimal Lockdown in a Commuting Network," American Economic Review: Insights, American Economic Association, vol. 3(4), pages 503-522, December.
    2. Constanza Fosco, 2012. "Spatial Difusion and Commuting Flows," Documentos de Trabajo en Economia y Ciencia Regional 30, Universidad Catolica del Norte, Chile, Department of Economics, revised Sep 2012.
    3. Wanduku, Divine, 2017. "Complete global analysis of a two-scale network SIRS epidemic dynamic model with distributed delay and random perturbations," Applied Mathematics and Computation, Elsevier, vol. 294(C), pages 49-76.
    4. Jiang, Jiehui & Ma, Jie, 2023. "Dynamic analysis of pandemic cross-regional transmission considering quarantine strategies in the context of limited medical resources," Applied Mathematics and Computation, Elsevier, vol. 450(C).
    5. Wang, Jianrong & Liu, Maoxing & Li, Youwen, 2013. "Analysis of epidemic models with demographics in metapopulation networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(7), pages 1621-1630.
    6. Pär Stockhammar & Pär Österholm, 2016. "Effects of US policy uncertainty on Swedish GDP growth," Empirical Economics, Springer, vol. 50(2), pages 443-462, March.
    7. Sheryl Le Chang & Mahendra Piraveenan & Mikhail Prokopenko, 2019. "The Effects of Imitation Dynamics on Vaccination Behaviours in SIR-Network Model," IJERPH, MDPI, vol. 16(14), pages 1-31, July.
    8. Tri Nguyen-Huu & Pierre Auger & Ali Moussaoui, 2023. "On Incidence-Dependent Management Strategies against an SEIRS Epidemic: Extinction of the Epidemic Using Allee Effect," Mathematics, MDPI, vol. 11(13), pages 1-25, June.
    9. Liu, Shasha & Yamamoto, Toshiyuki, 2022. "Role of stay-at-home requests and travel restrictions in preventing the spread of COVID-19 in Japan," Transportation Research Part A: Policy and Practice, Elsevier, vol. 159(C), pages 1-16.
    10. Liu, Junli & Zhou, Yicang, 2009. "Global stability of an SIRS epidemic model with transport-related infection," Chaos, Solitons & Fractals, Elsevier, vol. 40(1), pages 145-158.
    11. Yin, Qian & Wang, Zhishuang & Xia, Chengyi & Dehmer, Matthias & Emmert-Streib, Frank & Jin, Zhen, 2020. "A novel epidemic model considering demographics and intercity commuting on complex dynamical networks," Applied Mathematics and Computation, Elsevier, vol. 386(C).
    12. Sharma, Natasha & Gupta, Arvind Kumar, 2017. "Impact of time delay on the dynamics of SEIR epidemic model using cellular automata," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 471(C), pages 114-125.
    13. Chang, Sheryl L. & Piraveenan, Mahendra & Prokopenko, Mikhail, 2020. "Impact of network assortativity on epidemic and vaccination behaviour," Chaos, Solitons & Fractals, Elsevier, vol. 140(C).
    14. Mahmood Ul Hassan & Pär Stockhammar, 2016. "Fitting probability distributions to economic growth: a maximum likelihood approach," Journal of Applied Statistics, Taylor & Francis Journals, vol. 43(9), pages 1583-1603, July.
    15. Westerink-Duijzer, L.E. & van Jaarsveld, W.L. & Wallinga, J. & Dekker, R., 2015. "Dose-optimal vaccine allocation over multiple populations," Econometric Institute Research Papers EI2015-29, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    16. Jana, Soovoojeet & Haldar, Palash & Kar, T.K., 2016. "Optimal control and stability analysis of an epidemic model with population dispersal," Chaos, Solitons & Fractals, Elsevier, vol. 83(C), pages 67-81.
    17. Elisa F. Long & Eike Nohdurft & Stefan Spinler, 2018. "Spatial Resource Allocation for Emerging Epidemics: A Comparison of Greedy, Myopic, and Dynamic Policies," Manufacturing & Service Operations Management, INFORMS, vol. 20(2), pages 181-198, May.

    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:arx:papers:2005.08273. 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: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    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.