Method and system for estimating economic impact of pandemic based on infrastructure availability, workforce availability and consumption
OwnerLianjun An, Young Min Leeinventors
Life of this patent
Estimating the term…
Abstract
A method and system estimating the gross output change in one or more industrial sectors is provided. Users are enabled to assess the impact of a pandemic on the demand market of a firm and to take proactive actions, for instance, shifting demand among industrial sectors, or among geographic regions. Economic impact is measured by gross output change in each industrial sector, as affected by workforce availability, infrastructure availability in each sector, and consumption change in each sector during the pandemic occurrence.
Claims19
A method for estimating changes of gross output in various industrial sectors comprising the steps of:
- using a computer to access an epidemiological model of pandemic to determine the size of a population infected;
- using a computer to quantify change in workforce as a result of pandemic occurrence;
- using a computer to quantify change in infrastructure within an industrial sector as a result of pandemic occurrence;
- using a computer to quantify change in consumption within an industrial sector as a result of pandemic occurrence;
- using a computer to compute production rate change based on the change in workforce, infrastructure and consumption and to correlate these changes with a microeconomic model;
- and
- using a computer to provide said production rate change as output.
A system for estimating changes of gross output in various industrial sectors comprising:
- a computer accessing an epidemiological model of pandemic to determine the size of a population infected;
- a computer quantifying change in workforce as a result of pandemic occurrence;
- a computer quantifying change in infrastructure within an industrial sector as a result of pandemic occurrence;
- a computer quantifying change in consumption within an industrial sector as a result of pandemic occurrence;
- a computer computing production rate change based on the change in workforce, infrastructure and consumption and to correlate these changes with a microeconomic model;
- and
- a computer providing said production rate change as output.
A machine-readable medium for estimating changes of gross output in various industrial sectors on which are provided:
- machine-readable instructions for using a computer to access an epidemiological model of pandemic to determine the size of a population infected;
- machine-readable instructions for using a computer to quantify change in workforce as a result of pandemic occurrence;
- machine-readable instructions for using a computer to quantify change in infrastructure within an industrial sector as a result of pandemic occurrence;
- machine-readable instructions for using a computer to quantify change in consumption within an industrial sector as a result of pandemic occurrence;
- machine-readable instructions for using a computer to compute production rate change based on the change in workforce, infrastructure and consumption and to correlate these changes with a microeconomic model;
- and
- machine-readable instructions for using a computer to provide said production rate change as output.
Dependencies are inferred from the claim text.