A simple planning problem for COVID-19 lockdown: a dynamic programming approach

DOI10.1007/S00199-023-01493-1MaRDI QIDQ6131950zbMATH OpenFDO

Authors Alessandro Calvia, Fausto Gozzi, Francesco Lippi, Giovanni Zanco

Publication date 18 April 2024

Published in Economic Theory (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://arxiv.org/abs/2206.00613

zbMATH Keywords

optimality conditionsviscosity solutionscontrolled SIRD modeloptimal control with state space constraintsoptimal lockdown policies

Mathematics Subject Classification ID

Epidemiology (92D30) Dynamic programming in optimal control and differential games (49L20) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25) Hamilton-Jacobi equations in optimal control and differential games (49L12)

Abstract: A large number of recent studies consider a compartmental SIR model to study optimal control policies aimed at containing the diffusion of COVID-19 while minimizing the economic costs of preventive measures. Such problems are non-convex and standard results need not to hold. We use a Dynamic Programming approach and prove some continuity properties of the value function of the associated optimization problem. We study the corresponding Hamilton-Jacobi-Bellman equation and show that the value function solves it in the viscosity sense. Finally, we discuss some optimality conditions. Our paper represents a first contribution towards a complete analysis of non-convex dynamic optimization problems, within a Dynamic Programming approach.

Recommendations

• An optimal control problem for virus propagation and economic loss
• The optimal lockdown intensity for COVID-19
• Optimal control of an SIR epidemic through finite-time non-pharmaceutical intervention
• SIR epidemics with state-dependent costs and ICU constraints: a Hamilton-Jacobi verification argument and dual LP algorithms
• Optimal switching between locking down and opening the economy because of an infection

This page was built for publication: A simple planning problem for COVID-19 lockdown: a dynamic programming approach

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6131950)