Accession #: rp221089


Publication Date:
August 17, 2021
Research paper: Pandemic Risk Management: Resources Contingency Planning and Allocation
Other Details:
50 pages.
Xiaowei Chen, Wing Fung Chong, Runhuan Feng, Linfeng Zhang
This paper investigates contingency planning and resources allocation from a risk management perspective, as opposed to the prevailing supply chain perspective. The key idea is that the competition for limited critical resources is not only present in different geographical locations but also at different stages of a pandemic. This paper draws on an analogy between risk aggregation and capital allocation in finance and pandemic resources planning and allocation for healthcare systems. The main contribution is to introduce new strategies for optimal stockpiling and allocation balancing spatio-temporal competition for medical supply and demand.