Abstract
We propose a stochastic model of infectious disease transmission that is more realistic than those found in the literature. The model is based on jump-diffusion processes. However, it is defined in such a way that the number of people susceptible to be infected decreases over time, which is the case for a population of fixed size. Next, we consider the problem of finding the optimal control of the proposed model. The dynamic programming equation satisfied by the value function is derived. Estimators of the various model parameters are obtained.
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