Multiregional, multi‐industry impacts of fairness on pandemic policies

Abstract

AbstractThe health and economic crisis caused by the COVID‐19 pandemic highlights the necessity for a deeper understanding and investigation of state‐ and industry‐level mitigation policies. While different control strategies in the early stages, such as lockdowns and school and business closures, have helped decrease the number of infections, these strategies have had an adverse economic impact on businesses and some controversial impacts on social justice. Therefore, optimal timing and scale of closure and reopening strategies are required to prevent both different waves of the pandemic and the negative socioeconomic impact of control strategies. This article proposes a novel multiobjective mixed‐integer linear programming formulation, which results in the optimal timing of closure and reopening of states and industries in each. The three objectives being pursued include: (i) the epidemiological impact of the pandemic in terms of the percentage of the infected population; (ii) the social vulnerability index of the pandemic policy based on the vulnerability of communities to getting infected, and for losing their job; and (iii) the economic impact of the pandemic based on the inoperability of industries in each state. The proposed model is implemented on a dataset that includes 50 states, the District of Columbia, and 19 industries in the United States. The Pareto‐optimal solutions suggest that for any control decision (state and industry closure or reopening), the economic impact and the epidemiological impact change in the opposite direction.