Ontology highlight
ABSTRACT:
SUBMITTER: Barlow MT
PROVIDER: S-EPMC8424295 | biostudies-literature | 2021 Sep
REPOSITORIES: biostudies-literature
Barlow M T MT Marshall N D ND Tyson R C RC
Royal Society open science 20210908 9
Decision makers with the responsibility of managing policy for the COVID-19 epidemic have faced difficult choices in balancing the competing claims of saving lives and the high economic cost of shutdowns. In this paper, we formulate a model with both epidemiological and economic content to assist this decision-making process. We consider two ways to handle the balance between economic costs and deaths. First, we use the statistical value of life, which in Canada is about C$7 million, to optimize ...[more]