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Modelling the Economic Impact and Ripple Effects of Disease Outbreaks
#MMPMIDC7149074
Yu KDS
; Aviso KB
ä-/-ä 2020[]; 4
(2
): 183-6
PMIDC7149074
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The Coronavirus Disease 2019 (COVID-19) outbreak has had alarming effects on
human lives and the economies of affected countries. With the world?s
manufacturing hubs experiencing a period of extended factory closures, the
economic impact transcends territorial borders via global supply chains. This
paper provides a roadmap on how to evaluate the vulnerability that cascades
through the supply chain due to a disease outbreak at the firm level, national
level, and global scale. The final extent of losses is not yet known, but the
development of economic models combined with epidemiological models and network
analysis techniques can yield more realistic estimates to select appropriate
strategies in a timely manner.