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dc.contributor.authorLipton, Alexander
dc.contributor.authorde Prado, Marcos Lopez
dc.date.accessioned2022-06-10T13:36:07Z
dc.date.available2022-06-10T13:36:07Z
dc.date.issued2022-06-01
dc.identifier.urihttps://hdl.handle.net/1721.1/142923
dc.description.abstractThis article develops a detailed epidemiological multi-factor model, the K-susceptible–exposed–infected–removed (K-SEIR) model, and several simpler sub-models as its building blocks. The general model enables us to account for all the relevant COVID-19 features, its disparate impact on different population groups, and interactions within and between the groups. It also includes the availability (or lack thereof) of spare hospital beds and intensive care units (ICU) to accommodate the pent-up demand due to the pandemic. We use the most recent hospitalization and mortality data to calibrate the model. Since our model is multi-factor, we can use it to simulate and analyze the consequences of the sheltering-in-place for each specific group and compare the lives saved and lost due to this measure. We show that in countries with well-developed healthcare systems and a population willing to abide by suitable containment and mitigation procedures, the sheltering in place of the entire community is excessive and harmful when considered holistically. At the same time, sealing nursing homes as thoroughly as possible to avoid high infection and mortality rates is an absolute necessity.en_US
dc.publisherMultidisciplinary Digital Publishing Instituteen_US
dc.relation.isversionofhttp://dx.doi.org/10.3390/jrfm15060248en_US
dc.rightsCreative Commons Attributionen_US
dc.rights.urihttps://creativecommons.org/licenses/by/4.0en_US
dc.sourceMultidisciplinary Digital Publishing Instituteen_US
dc.titleMitigation Strategies for COVID-19: Lessons from the K-SEIR Model Calibrated to the Observable Dataen_US
dc.typeArticleen_US
dc.identifier.citationJournal of Risk and Financial Management 15 (6): 248 (2022)en_US
dc.contributor.departmentMIT Connection Science (Research institute)
dc.identifier.mitlicensePUBLISHER_CC
dc.eprint.versionFinal published versionen_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dc.date.updated2022-06-09T13:40:43Z
dspace.date.submission2022-06-09T13:40:43Z
mit.licensePUBLISHER_CC
mit.metadata.statusAuthority Work and Publication Information Neededen_US


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