optimal lock-down policies

Optimal lock-down policies: an O.R. approach

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.

Caulkins JP, Grass D, Feichtinger G, Hartl RF, Kort PM, Kuhn M, Prskawetz A, Sanchez-Romero M, Seidl A and Wrzaczek S (2023) The hammer and the jab: Are COVID-19 lockdowns and vaccinations complements or substitutes? European Journal of Operational Research. https://doi.org/10.1016/j.ejor.2023.04.033

Fürnkranz-Prskawetz, A. (2021) Schwedischer Weg oder chinesisches Modell? Modell-Berechnungen zeigen: Es gibt keine optimale Lockdown-Strategie (Demografische Forschung aus erster Hand 2021/1)

Caulkins JP, Grass D, Feichtinger G, Hartl RF, Kort PM, Prskawetz A, Seidl A and Wrzaczek S (2021) The optimal lockdown intensity for COVID-19. Journal of Mathematical Economics 93 (Article 102489). https://doi.org/10.1016/j.jmateco.2021.102489

Caulkins, J. P.; Grass, D.; Feichtinger, G.; Hartl, R. F.; Kort, P. M.; Prskawetz, A.; Seidl, A.; Wrzaczek, S. (online: 2021) COVID-19 and optimal lockdown strategies: The effect of new and more virulent strains., Pandemics: Insurance and Social Protection: Springer Actuarial. Springer, Cham., S. 163-190.

Caulkins J, Grass D, Feichtinger G, Hartl R, Kort PM, Prskawetz A, et al. (2020) How long should the COVID-19 lockdown continue? PLoS ONE 15(12): e0243413. https://doi.org/10.1371/journal.pone.0243413

Team: Stefan Wrzaczek, Alexia Prskawetz, Gustav Feichtinger, Miguel Sanchez-Romero
Research Group: Economic Demography
Cooperation Partner: 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
Time Frame: May 2020 - November 2023

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