How to Manage the Post Pandemic Opening? A Pontryagin Maximum Principle Approach

Abstract

The COVID-19 pandemic has wholly disrupted the operation of our societies. Its elusive transmission process, characterized by an unusually long incubation period and a high contagion capacity, has forced many countries to take quarantine and social isolation measures that conspire against national economies' performance. This situation confronts decision-makers in different countries with the alternative of reopening the economies, thus facing the unpredictable cost of a rebound of the infection. This work tries to offer an initial theoretical framework to handle this alternative.