{"id":2106,"date":"2021-01-12T10:03:25","date_gmt":"2021-01-12T18:03:25","guid":{"rendered":"https:\/\/colleges.claremont.edu\/ccms\/?post_type=tribe_events&#038;p=2106"},"modified":"2021-02-23T09:46:30","modified_gmt":"2021-02-23T17:46:30","slug":"applied-math-talk-optimal-control-of-the-sir-model-in-the-presence-of-transmission-and-treatment-uncertainty-by-henry-schellhorn-cgu","status":"publish","type":"tribe_events","link":"https:\/\/colleges.claremont.edu\/ccms\/event\/applied-math-talk-optimal-control-of-the-sir-model-in-the-presence-of-transmission-and-treatment-uncertainty-by-henry-schellhorn-cgu\/","title":{"rendered":"Applied math. talk: Optimal control of the SIR model in the presence of transmission and treatment  uncertainty by Henry Schellhorn, CGU"},"content":{"rendered":"<p>Abstract<\/p>\n<p>The COVID-19 pandemic illustrates the importance of treatment-related decision making in populations. This article considers the case where the transmission rate of the disease as well as the efficiency of treatments is subject to uncertainty. We consider two different regimes, or submodels, of the stochastic SIR model, where the population consists of three groups: susceptible, infected and recovered. In the first regime the proportion of infected is very low, and the proportion of susceptible is very close to 100%.\u00a0 This corresponds to a disease with few deaths and where recovered individuals do not acquire immunity. In a second regime, the proportion of infected is moderate, but not negligible. We show that the first regime corresponds almost exactly to a well-known problem in finance, the problem of portfolio and consumption decisions under mean-reverting returns (Wachter, JFQA 2002), for which the optimal control has an analytical solution. We develop a perturbative solution for the second problem. To our knowledge, this paper represents one of the first attempts to develop analytical\/perturbative solutions, as opposed to numerical solutions to stochastic SIR models.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract The COVID-19 pandemic illustrates the importance of treatment-related decision making in populations. This article considers the case where the transmission rate of the disease as well as the efficiency [&hellip;]<\/p>\n","protected":false},"author":162,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"_tribe_events_status":"","_tribe_events_status_reason":"","_tribe_events_is_hybrid":"","_tribe_events_is_virtual":"","_tribe_events_virtual_video_source":"","_tribe_events_virtual_embed_video":"","_tribe_events_virtual_linked_button_text":"","_tribe_events_virtual_linked_button":"","_tribe_events_virtual_show_embed_at":"","_tribe_events_virtual_show_embed_to":[],"_tribe_events_virtual_show_on_event":"","_tribe_events_virtual_show_on_views":"","_tribe_events_virtual_url":"","footnotes":"","_tec_slr_enabled":"","_tec_slr_layout":""},"tags":[],"tribe_events_cat":[15],"class_list":["post-2106","tribe_events","type-tribe_events","status-publish","hentry","tribe_events_cat-applied-math-seminar","cat_applied-math-seminar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Applied math. talk: Optimal control of the SIR model in the presence of transmission and treatment uncertainty by Henry Schellhorn, CGU - Claremont Center for the Mathematical Sciences<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/colleges.claremont.edu\/ccms\/event\/applied-math-talk-optimal-control-of-the-sir-model-in-the-presence-of-transmission-and-treatment-uncertainty-by-henry-schellhorn-cgu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Applied math. talk: Optimal control of the SIR model in the presence of transmission and treatment uncertainty by Henry Schellhorn, CGU - Claremont Center for the Mathematical Sciences\" \/>\n<meta property=\"og:description\" content=\"Abstract The COVID-19 pandemic illustrates the importance of treatment-related decision making in populations. 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