We are able to show crucial differences if the two components (economic, health economic part) are weighted differently. Even two different optimal solutions at the same time are optimal in some cases. The analysis demonstrates that postponing the shut down by a few days has a huge influence on the optimal length of the shut down.
Team: Stefan Wrzaczek, Alexia Prskawetz, Gustav Feichtinger
Research Group: Economic Demography
Cooperation Partner: Advanced Systems Analysis, International Institute for Applied Systems Analysis (IIASA) - Dieter Grass, Institut für Business Decisions and Analytics, Universität Wien - Richard Hartl, Andrea Seidl, Department of Econometrics and Operations Research, Tilburg University - Peter Kort, Carnegie Mellon University, Pittsburgh - Jon Caulkins