Optimally ending an epidemic

Abstract

A stochastic and controlled version of the classic three-dimensional Kermack–McKendrick model for the spread of epidemics is considered. The aim is to end the epidemic as soon as possible, taking the quadratic control costs into account. An exact and explicit solution is found in a particular case by making use of the method of similarity solutions to solve the partial differential equation satisfied by the value function, subject to the appropriate conditions.